Topic: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer - page 173. (Read 247332 times)

Thank you.

If Green Earth Systems can't deliver a couple of shipping containers for the 70 or so Uro I picked up for cheap, then the following has about a 50% probability of happening:

1) I will release a new fork of Urocoin that does hashpower timeshare (see http://www.reddit.com/r/catcoins/comments/28w088/rfc_timeshare_mining_and_multialgorithms_like/ for a half-assed attempt at description )
2) the NouUro, or maybe just 'Nitrogen' will be a cryptographic commodity backed by an **elastic coin supply** as documented in http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2425270
3) the coin supply will be increased (by mining) and decreased (by demurrage) in relation to the blockchain-recorded trades based on the 'N' fertilizer analysis values (for Urea, the value is 28% nitrogen per ton) of the commodity being traded, so that 1 kilogram of nitrogen is 1 unit of the coin.
4) I will back this shit up with the nitrogen fertilizer value in up to 5% of my soybean crop, traded at http://blockscan.com/assetInfo.aspx?q=SOYBEANS

Whether I do this or not really depends on what pays me cash, or gets me fertilizer.

So if someone from Green Earth is paying attention, I suggest you come up with a plan to get this farmer his Urea, or your blockchain is likely to see a hostile takeover.

Until either one of those occur, I'd advise $0.50 to $2.00 is a reasonable trading range. Any panic buying is going to kill the long-term value for trading for Urea, so if this is really going to work, then the coin developers and Uro foundation need to **manage** the hash rate and price inflation, or because this is a free market, this farmer will take it over.

And Scambust, please check me out and report an independent evaluation of the BS I am spewing here.

Hey Uro Fans,

I set up some basic statistics about Uro difficulty and transaction volume that can also be embedded in forums/sites as an image. Thought it might be helpful to see how mining and transaction volume develops. (Updates every 10 minutes)

If you like this, I'd appreciate a small tip

UTRADEhhRWb9ShbPsxajpA6nuvdRPne1to
 

Why do your articles came up after some coin gets to a high price and volume ? Where do we find more sorted out info on coins that should get in the focus before they reach their highest price and volume ? Except 1000+ ann topics on this forum of course...

Good job tho, keep up with the nice articles!

I just did an article on URO, mentioning most of what is said in the ANN, and added the two documents I received today.

http://www.cryptoarticles.com/crypto-news/uro-a-real-long-term-cryptocurrency-backed-by-urea-fertilizer

I really wish I understood more of the subject, but I hope this article will at least bring a bit more attention to URO.

If Indian Farmers Fertiliser Cooperative Limited, also known as IFFCO, the world's largest fertiliser cooperative federation based in India, signs on to this so-called Uro Protocol, go panic buy.
http://125.19.12.214/ifc/web.nsf/vwMain/6AE77307B7A0EC68652577BA00237023

The biggest problem with URO is that it's basically handing all the block rewards over to a couple of anonymous miners with between 500 and 1000 graphics cards each. I was running about 10 Mhash (4 7970's) overnight on p2pool, which has a pool rate of 80 Mhash, and not a single block has been found. This seems like exactly the same thing as what I'd seen going on with Catcoin (and probably most other smaller altcoins).

These anonymous miners are completely destroying the market value of URO because us farmers who **actually buy Urea** do not have a clue who they are. I have absolutely zero confidence in a blockchain that costs something like 5 or 10% of the value of Urea being traded when that cost goes to undisclosed mining farms that 95% attack the network whenever the price starts going towards $1.

But it is, however a very interesting toy that right now I might speculate on with a reasonable price of say $0.50 each. If the Uro foundation wants to pay miners too much, that's fine with me, but before this is going to be a serious asset-backed currency, the centralized fertilizer production backers of this coin have some explaining to do on why they think centralized mining is a good idea, and how they are going to insure farmers if a big miner halts trading or double-spends. I have not seen evidence the backers of this coin actually understand how much the mining overhead is going to cost them right now.

If the foundation and the fertilizer manufacturers actually want a distributed mining capacity, I have some software changes we can try, but if I'm going to fix someone's software and they are going to profit from it, I expect to get paid a retainer, by physical delivery of Urea first.

Yeah guys you might be right.  It might just be business people not being too hot on the superficial side of things.  I just think it makes sense to ask questions and be suspicious.  We all need a bit more of that in crypto.  I would never have thought that SC was a scam.

Yes  I agree - URO getting straight to the point..

Silk Coin had great marketing, and it was a fraud. The bland and to-the-point nature of this project actually boosts my confidence, this is not a product but a financial instrument and in the real world finance isn't sexy.

Yes I would agree.  May not be a scam but too many questions unanswered.  Also calling it URO show a lack of marketing nous.

If they successfully implement/reach their goal time to time then it will be a gold. I bought a little for long term. Who knows, what will happens? But their profile seems legit & strong.
BTW multiple corporations are involving in this project !!!

plus One

Wow, it seems a really big project, but i'm in total doubt that they can reach it, even if not a scam.
However, let's have a 10 times pump!!!

^^ Don't even give Scambust the time of day, I have seen him come into many coin threads and spread shit. ^^

1.- Diversifying is not wrong, and by the way CCTV has good reviews, also expanding horizons and trying to expand a company is not wrong.
2.- Stephenson & Lo is the Law firm which REGISTERED the company!, not the owner, you gotta read the document right, and its not abnormal that lawyers are involved in money laundering, fuck that is why you hire them most of the time lol.
3.- Dr Pillay also has a company, big deal, im in informatics and also have an importing exporting company.

don't see anything wrong with your research, and if you did good research you would be pulling other documents.

so the protocol here : http://128.199.204.45/UroProtocol.pdf

has been accepted and is already under way?

is there something I might be missing?

Board members are suppliers/NIERs

Scambust was also on MANY other decent coin threads spreading his bullshit, look through his post history. Ignore that punk.

have suppliers agreed to the terms in the URO Protocol contract?