Topic: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer - page 17. (Read 247330 times)

Here's an analogy that will help concerned people understand why a urea seller today would accept 12,500 URO for 12,500 tonnes or urea when the price of URO is so low...

It's simply a permanent store of wealth. Urea has a limited shelf life. The producer can't store urea for 5 years then sell it so what can they do to retain their value? Simple, accept 12,500 URO for equivalent purchase of urea today.

Take a look at gold in 1900, it was only $20 usd per ounce but is stable today well over $1000 usd per ounce. http://www.onlygold.com/coins/Gold-Double-Eagles.asp

In 1900 a lot of experts knew that the value of gold had the potential to reach over $1000 but they weren't willing to pay it because they can keep the gold for 100 years because gold will last 100 years. The is really no difference between gold and URO except for one major feature. URO protocol means that 1 URO = 1 tonne of urea. Obviously URO will last forever (like gold) and it's a store of wealth. Even if it takes 100 years to reach $300 per URO it's still a store of wealth. With URO you have the option of accepting it for urea and keeping it or you can go out any day in the future and get 1 tonne of urea or sit on URO for 100 years and watch it reach 300 usd. The interesting thing is though what happens if there is some world event that causes market price of 1 tonne of urea to reach $1000 per tonne? Simple, now 1 URO = $1000 ....

Look at what happened to the phosphate market (also a component of fertilizer). In the mid 2000's phosphate skyrocketed in price from $50 per tonne to almost $450 per tonne. This could happen to urea prices, there is no reason that they can't skyrocket to over $3,000 per tonne

http://www.infomine.com/investment/metal-prices/phosphate-rock/all/  

How about this: if you prove that the transaction is fake you can claim the 88 BTC bounty right now, sounds fair enough?
Everything is proved already and it works, all you need to do is look it up.

bitcad4u are you going to reply to my question to you about the invisible protocol ratifiers:

Mr Schalk Davidson, Durban, South Africa

Mr Mohamad Z. Sukri, Hong Kong

You demand we do research. I did some. What do you think about it?

The protocol is one thing. An actual business transaction that proves the protocol is valid is another thing entirely.

I ask again - is it fully settled whether this is a scam or not, and if not, is there some definitive piece of evidence (besides the price chart) scheduled to come out that settles this question decisively (if so, when)?

...

To all of you, actually read the protocol document before making any claims about the legimaticy of URO.

I ask again - is it fully settled whether this is a scam or not, and if not, is there some definitive piece of evidence (besides the price chart) scheduled to come out that settles this question decisively (if so, when)?

I ask again - is it fully settled whether this is a scam or not, and if not, is there some definitive piece of evidence (besides the price chart) scheduled to come out that settles this question decisively (if so, when)?

Why on earth would a speculator tie up his btc when uro gets near the price of urea, knowing it's not going to go much over it? there is no chance to gain. The uro price only went to .04 because of hype it could go to .4, without chance of significant gains nearly all traders will be OUT.
Jebus, there just is no logic in this thread except from fudders. You want proof this is a scam? use your fuckin brain.

They won't be loosing money, because after every dick and dom and harry find that the Urea has been delivered for the price 1 Uro = 1 tonnes of Urea, they would be buying the coins on the exchanges until we reach a value close to urea maybe even more to play the ETF market, and they will save so much money on bank fees.

I already answered this, and my answer was YES.  Now go do your research just like I did.

No - I am saying - the PAPER documents show the signatues that LEGALLY bind the 4 distributors to accept URO for their UREA.  If you look up the 4 distributors, they are all LEGIT and still in business.  

Do your own research... I would do it for it for you but then you would just claim I made the documents up... or photoshopped them... cause u know thats how people act here.

Out of the four ratifying parties of the Uro Protocol (members of the Uro Foundation), it is impossible to find even the slightest information online about the people representing two of them:

Mr Schalk Davidson, Durban, South Africa

Mr Mohamad Z. Sukri, Hong Kong

(For the ratified protocol certificates see: http://uro.io/)

This is not normal at all. Beware.

You are not answering the question. Are there any documents that verify a business deal between the two companies for the sale of Urea for URO? Won't they need some type of documentation for tax purposes? What if the seller doesn't deliver?

You are not answering the question. Are there any documents that verify a business deal between the two companies for the sale of Urea for URO? Won't they need some type of documentation for tax purposes? What if the seller doesn't deliver?