Topic: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea - page 150. (Read 227157 times)

Quote from: davisgreen on July 18, 2014, 02:52:23 PM

I expect URO to level off at .0008~.001

I expect it to level off about 0.3 - 0.35

I offer the exact same amount of reasoning that you offer.

Grin

Ok maybe that was low.. more like 0.002-0.0025 that will be a good place to buy in. and then liftoff to 0.3-0.35

The lower price is good for a short while if it gets more small investors involved and they end up making big gains. i hate to see corporate greed and exploitation succeed. the big buys are all in the 6-8 btc range, about 4k-5k usd at a time and i now suspect stacked to discreetly build a 12500k order wallet.

It won't be that low for long, but until corporations actually start buying and using URO the only incentive for new investors to enter the market will be a low price

I think the buying has already begun. Volume is around 150-200 between the major exchanges. You have to keep in mind all the coins that are being generated by switch pools. After 3 months when the coin switches to a 1 coin per block reward much of that selling will dry up and it'll be left to the traders. The price will increase a good 10 fold from where it is now, so I predict .07 in September.

Chang Hum

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Just to counter the comment about my credibility regarding "harassing" Mr Irvine I'd like to point out not I only was I absolutely correct about that, but the mastercoin reflection document was built 100% on the points I'd made and two Journalists Bitcoin Pete, and Kashmir Hill of Forbes quoted me heavily in their articles to the effect that not everyone was duped by the bullshit. Kashmir Hill also approached me for an interview for that article but after she moved the dates of our skype chat 3 times I declined!

FoeRest

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Interview with Uro developers @bitcoinist http://bitcoinist.net/interview-with-uro-developers/

good read +1

now get a interview here http://timesofindia.indiatimes.com/international-home

Raja_ji

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Yes Interesting article by Chandnani

However I would have liked to see future plans of Urocoin; Is there any news from GES to Push Urocoin into Pakistan and other countries that GES are already selling Urea to? Are other Indian Urea buyers taken up Urocoin for Urea? These are the real question that we need clear answers on.

In the interest of holding the Urocoin, most simplest and effective way to move the value of Urocoin up (as done on share market, everyday) The Majority shareholders, which is this group, lifts the price up.

Price Urocoin at 0.07-0.09 The importers will have no choice but buy at the set price, as they have limits with IPL in India, Deadline of when they need to supply UREA or they pay more bond fees (200-300K)

Quote from: AlfaONE on July 18, 2014, 08:14:56 PM

(Interesting Read, clears up some of the questions) BITCOINIST.NET
Mr Armaan Chandnani Interview with Urocoin Dev. Team 28JULY2014

Interview with URO Developers

1. What was the reason for creating a currency based on urea in the first place?
A: the Urea industry is facing increasing inefficiencies with the trading process, particularly in the time and effort required to organize all the financial instruments traditionally used. We saw a way to improve upon the status quo via decentralized payment technology. On the other hand, since we are making a currency, we also wanted to make one that has a more a stable and intrinsic value over the longer term (5 years+) than the existing variants on the market. Recently, our theories on Urocoin have been validated in a University research paper:
http:/[Suspicious link removed]/W4e62gaRY7

http://bitcoinist.net/interview-with-uro-developers/

jasemoney

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Forget-about-it

Quote from: Cryptourologist on July 18, 2014, 07:41:10 PM

Quote from: jasemoney on July 18, 2014, 07:00:33 PM

Quote from: Cryptourologist on July 18, 2014, 06:46:34 PM

Quote from: jasemoney on July 18, 2014, 06:18:01 PM

Quote from: Cryptourologist on July 18, 2014, 06:13:14 PM

Something just crossed my mind. By cutting out the commodity exchanges URO gets rid of one important feature - the escrow service. I don't care how legit a company is but shit happens all the time even to the best of us. So, I wouldn't trust anyone with some $4M worth of my money until I can see the goods. That's why commodity exchanges operate first and foremost as escrow services. Is an escrow service for URO being planned?

blockcypher will allow multi sig wallet = escrow

But still there's a need for a trusted entity that would release the funds upon certifying the delivery of goods. I mean anything can happen like an earthquake or a civil war. In this case the seller wouldn't be able to deliver. It's even listed in the boilerplate contract attached to the URO Protocol. While a disaster is too bad for the seller, the buyer would probably want the money back. What guarantees he/she will have?

isnt this what multi signature would do? both parties agree, funds are put into an escrow address, then once they buyer agrees he got what was agreed on funds are released. ive never used multi sig so someone with actual knowledge please chime in, i imagine if you use multi sig and dont want to approve the transaction the original coin owner gets it back?

First of all, miltisignature means that it takes 2 or more digital signatures to release the funds. The funds aren't going to release themselves when the shipment arrives. It takes a 3rd party to certify the facts and relese the funds. Let's say I'm a buyer and I bought something from you. The way things are happening now I've already transferred URO to you (read URO Protocol). You ship it to me but I don't like it or you don't ship it to me. What contemporary court would even consider dealing with a URO-based contract? Now, when there's an escrow service it can see whether the product had been shipped or not. The blockchain won't do that. It takes a living (hopefully honest) human being to do that. That escrow agent would act as a judge of sorts. In real estate title companies take care of that, in CEX the exchange itself. Yet, the boilerplate attached to the URO protocol says "URO first, urea whenever". If this stuff it for real I'm thinking about providing such services... at least hypothetically.

thanks for looking into offering these kinds of services, the only addition thing i have to add which you'd have to verify with true-asset or the companies accepting uro is that i dont think you are forced to pay immediately. though i have no idea what the overall process involved is.

timpeff

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Merit: 10

Quote from: hobopete on July 18, 2014, 08:41:22 PM

Quote from: hobopete on July 18, 2014, 08:41:22 PM

I expect URO to level off at .0008~.001

I expect it to level off about 0.3 - 0.35

I offer the exact same amount of reasoning that you offer.

Grin

Ok maybe that was low.. more like 0.002-0.0025 that will be a good place to buy in. and then liftoff to 0.3-0.35

The lower price is good for a short while if it gets more small investors involved and they end up making big gains. i hate to see corporate greed and exploitation succeed. the big buys are all in the 6-8 btc range, about 4k-5k usd at a time and i now suspect stacked to discreetly build a 12500k order wallet.

It won't be that low for long, but until corporations actually start buying and using URO the only incentive for new investors to enter the market will be a low price

hobopete

member

Activity: 196

Merit: 10

I expect URO to level off at .0008~.001

I expect it to level off about 0.3 - 0.35

I offer the exact same amount of reasoning that you offer.

Grin

Ok maybe that was low.. more like 0.002-0.0025 that will be a good place to buy in. and then liftoff to 0.3-0.35

The lower price is good for a short while if it gets more small investors involved and they end up making big gains. i hate to see corporate greed and exploitation succeed. the big buys are all in the 6-8 btc range, about 4k-5k usd at a time and i now suspect stacked to discreetly build a 12500k order wallet.

If it's a bot then we can look for the pattern to start and raise our prices accordingly, true?

hobopete

member

Activity: 196

Merit: 10

I expect URO to level off at .0008~.001

I expect it to level off about 0.3 - 0.35

I offer the exact same amount of reasoning that you offer.

Grin

Ok maybe that was low.. more like 0.002-0.0025 that will be a good place to buy in. and then liftoff to 0.3-0.35

The lower price is good for a short while if it gets more small investors involved and they end up making big gains. i hate to see corporate greed and exploitation succeed. the big buys are all in the 6-8 btc range, about 4k-5k usd at a time and i now suspect stacked to discreetly build a 12500k order wallet.

timpeff

member

Activity: 89

Merit: 10

I expect URO to level off at .0008~.001

I expect it to level off about 0.3 - 0.35

I offer the exact same amount of reasoning that you offer.

Grin

Ok maybe that was low.. more like 0.002-0.0025 that will be a good place to buy in. and then liftoff to 0.3-0.35

I can definitely see the coinmarket cap going down to 750,000 before anything happens

Bitcycle

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