Topic: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea - page 184. (Read 227157 times)

Quote from: davisgreen on July 13, 2014, 05:29:19 PM

Quote from: BadAss.Sx on July 13, 2014, 05:09:34 PM

Quote from: stormia on July 13, 2014, 05:59:52 PM

So riddle me this: Which designer of URO thought it was a good idea to distribute URO to the mining public, which will theoretically entitle them to a vast amount of $ in urea? Like if I'm Microsoft right, and I create a virtual currency (call it Xbox points), why would I give them to a bunch of random nobodies that have nothing to do with Xbox or Microsoft for free?

That's what I really can't get over, aside from the general lack of market demand for such a coin among probably anyone in the commodity trading ecosystem.

And by the way, I know that the average BCT member has a terrible background and no experience with anything remotely approaching any type of financial market, but the fees people pay to banks are for a reason, and in any case the fact that they use dollars or euros vs. URO is not the issue, and if there were a market opportunity to avoid the fees it would be taken completely irrespective of URO.

I don't think I've put anything unfair or hostile in this note, but it isn't cheerleading so will it be deleted...?

Why would Apple sell shares to samsung bobo's?

I guess this goes back to my point that BCT members don't know anything about finance; an URO coin is nothing like a share in apple; GES or whatever is not issuing equity and you are not buying equity in anything by owning URO. Yikes.

Here: this is from the uro blog

Market creation and growth via “Earned Distribution”: to have a market – you need mass participation. What is the point of Uro if – when it reaches its proper value – that only a few hold it? There will be no point to such a currency – currency is something that is useful for exchange between people – especially strangers. The bigger the market the better – and we believe that the best way to create a large market is through what we call “Earned Distribution”: everyone that is holding Uro have earned them – by mining to keep the network operating, by contributing to the community via posting new information to strengthen its value, by buying some Uro. This is the free market at its best – mass participation with no freeloaders.

Please dont think that only the miners or day traders are on the exchanges- i got a few farmer friends in India and after speaking to them, i have bought some uro for them as well. And m not too sure if Rivaa Exports who placed the first order with 12500 uro were mining either.( here is the transaction http://uroexplorer.cryptocuttlefish.cc/address/UkTxkgTehxnrrmuUdx8hXre2GyUaeNasbW )

Hope this solves your riddle.

Thanks

Let me ask my riddle then this way: if you insist on giving away URO in order to spur adoption, why not give them to people that own urea? Why give such a valuable amount to miners / etc? You are giving those parties a totally unreasonable amount of compensation that will massively turn off people that actually own urea. OK?

It is like if (suppose for a moment I can create URO coins arbitrarily) I told all the owners of URO, who have something that currently has value, that I am creating a ton of new URO and giving them to other people for nothing. You would scream that the price might crash as they get dumped, why are you doing that, those people don't deserve valuable URO for doing nothing, etc. You see the issue? This is what is being done to urea holders.

Except in practice it will simply prevent urea holders from signing on to the system in the first place.

There are 3 parties involved in a commodities transaction. The producers, the processors and the traders. You can't have a free commodity market without traders.

Are you suggesting that the average URO holder has any ability to trade urea? You are making my point. Why give so many URO to miner and investors that have no connection to the urea market?

The network needs miners to maintain it, those miners need to be compensated. Nobody is giving anything to investors, they buy it from the miners...

There's that also.

And those miners need to be compensated $300mm+ USD?

"Nobody is giving anything to investors, they buy it from the miners... "

YES THEY ARE (theoretically)! That is what 1 URO = 1 tonne urea means. That urea holders are going to be willing to transfer valuable urea to investors (or any other holders of URO).

Edit: Let me put it a third way. Premines are bad right? If you are a urea holder, you are effectively entering into a system with a massive, massive premine by a bunch of miners that do not have any urea. Do you see the issue now?

corather

legendary

Activity: 1708

Merit: 1000

Solarcoin.org

Quote from: davisgreen on July 13, 2014, 05:29:19 PM

Quote from: BadAss.Sx on July 13, 2014, 05:09:34 PM

So riddle me this: Which designer of URO thought it was a good idea to distribute URO to the mining public, which will theoretically entitle them to a vast amount of $ in urea? Like if I'm Microsoft right, and I create a virtual currency (call it Xbox points), why would I give them to a bunch of random nobodies that have nothing to do with Xbox or Microsoft for free?

That's what I really can't get over, aside from the general lack of market demand for such a coin among probably anyone in the commodity trading ecosystem.

And by the way, I know that the average BCT member has a terrible background and no experience with anything remotely approaching any type of financial market, but the fees people pay to banks are for a reason, and in any case the fact that they use dollars or euros vs. URO is not the issue, and if there were a market opportunity to avoid the fees it would be taken completely irrespective of URO.

I don't think I've put anything unfair or hostile in this note, but it isn't cheerleading so will it be deleted...?

Why would Apple sell shares to samsung bobo's?

I guess this goes back to my point that BCT members don't know anything about finance; an URO coin is nothing like a share in apple; GES or whatever is not issuing equity and you are not buying equity in anything by owning URO. Yikes.

Here: this is from the uro blog

Market creation and growth via “Earned Distribution”: to have a market – you need mass participation. What is the point of Uro if – when it reaches its proper value – that only a few hold it? There will be no point to such a currency – currency is something that is useful for exchange between people – especially strangers. The bigger the market the better – and we believe that the best way to create a large market is through what we call “Earned Distribution”: everyone that is holding Uro have earned them – by mining to keep the network operating, by contributing to the community via posting new information to strengthen its value, by buying some Uro. This is the free market at its best – mass participation with no freeloaders.

Please dont think that only the miners or day traders are on the exchanges- i got a few farmer friends in India and after speaking to them, i have bought some uro for them as well. And m not too sure if Rivaa Exports who placed the first order with 12500 uro were mining either.( here is the transaction http://uroexplorer.cryptocuttlefish.cc/address/UkTxkgTehxnrrmuUdx8hXre2GyUaeNasbW )

Hope this solves your riddle.

Thanks

Let me ask my riddle then this way: if you insist on giving away URO in order to spur adoption, why not give them to people that own urea? Why give such a valuable amount to miners / etc? You are giving those parties a totally unreasonable amount of compensation that will massively turn off people that actually own urea. OK?

It is like if (suppose for a moment I can create URO coins arbitrarily) I told all the owners of URO, who have something that currently has value, that I am creating a ton of new URO and giving them to other people for nothing. You would scream that the price might crash as they get dumped, why are you doing that, those people don't deserve valuable URO for doing nothing, etc. You see the issue? This is what is being done to urea holders.

Except in practice it will simply prevent urea holders from signing on to the system in the first place.

There are 3 parties involved in a commodities transaction. The producers, the processors and the traders. You can't have a free commodity market without traders.

Are you suggesting that the average URO holder has any ability to trade urea? You are making my point. Why give so many URO to miner and investors that have no connection to the urea market?

The network needs miners to maintain it, those miners need to be compensated. Nobody is giving anything to investors, they buy it from the miners...

There's that also.

corather

legendary

Activity: 1708

Merit: 1000

Solarcoin.org

Quote from: davisgreen on July 13, 2014, 05:29:19 PM

Quote from: BadAss.Sx on July 13, 2014, 05:09:34 PM

So riddle me this: Which designer of URO thought it was a good idea to distribute URO to the mining public, which will theoretically entitle them to a vast amount of $ in urea? Like if I'm Microsoft right, and I create a virtual currency (call it Xbox points), why would I give them to a bunch of random nobodies that have nothing to do with Xbox or Microsoft for free?

That's what I really can't get over, aside from the general lack of market demand for such a coin among probably anyone in the commodity trading ecosystem.

And by the way, I know that the average BCT member has a terrible background and no experience with anything remotely approaching any type of financial market, but the fees people pay to banks are for a reason, and in any case the fact that they use dollars or euros vs. URO is not the issue, and if there were a market opportunity to avoid the fees it would be taken completely irrespective of URO.

I don't think I've put anything unfair or hostile in this note, but it isn't cheerleading so will it be deleted...?

Why would Apple sell shares to samsung bobo's?

I guess this goes back to my point that BCT members don't know anything about finance; an URO coin is nothing like a share in apple; GES or whatever is not issuing equity and you are not buying equity in anything by owning URO. Yikes.

Here: this is from the uro blog

Market creation and growth via “Earned Distribution”: to have a market – you need mass participation. What is the point of Uro if – when it reaches its proper value – that only a few hold it? There will be no point to such a currency – currency is something that is useful for exchange between people – especially strangers. The bigger the market the better – and we believe that the best way to create a large market is through what we call “Earned Distribution”: everyone that is holding Uro have earned them – by mining to keep the network operating, by contributing to the community via posting new information to strengthen its value, by buying some Uro. This is the free market at its best – mass participation with no freeloaders.

Please dont think that only the miners or day traders are on the exchanges- i got a few farmer friends in India and after speaking to them, i have bought some uro for them as well. And m not too sure if Rivaa Exports who placed the first order with 12500 uro were mining either.( here is the transaction http://uroexplorer.cryptocuttlefish.cc/address/UkTxkgTehxnrrmuUdx8hXre2GyUaeNasbW )

Hope this solves your riddle.

Thanks

Let me ask my riddle then this way: if you insist on giving away URO in order to spur adoption, why not give them to people that own urea? Why give such a valuable amount to miners / etc? You are giving those parties a totally unreasonable amount of compensation that will massively turn off people that actually own urea. OK?

It is like if (suppose for a moment I can create URO coins arbitrarily) I told all the owners of URO, who have something that currently has value, that I am creating a ton of new URO and giving them to other people for nothing. You would scream that the price might crash as they get dumped, why are you doing that, those people don't deserve valuable URO for doing nothing, etc. You see the issue? This is what is being done to urea holders.

Except in practice it will simply prevent urea holders from signing on to the system in the first place.

There are 3 parties involved in a commodities transaction. The producers, the processors and the traders. You can't have a free commodity market without traders.

This is of course wrong, but more to the point, are you suggesting that the average URO holder has any ability to trade urea? You are making my point. Why give so many URO to miner and investors that have no connection to the urea market?

If you truly want to understand, study any commodities exchange. The average holder of URO DOES NOT NEED TO TRADE UREA. They hold a token of trade which can be sold to a PROCESSOR of the COMMODITY. The processor takes the URO (token of trade) and uses it to BUY product from the PRODUCER who then has a token of trade in their vault. Once the majority of tokens have been traded into the vault it creates a vacuum for this token. The producer has the power of the purse and can sell at market prices BACK TO THE BUYERS OF THE PRODUCT.

Once the average trader sells all their URO, it's gone from the hands of the traders, or in this case miners. Not to say you can't still buy it and speculate on Urea/bitcoin market fluctuations.

stormia

hero member

Activity: 868

Merit: 1000

Quote from: davisgreen on July 13, 2014, 05:29:19 PM

Quote from: BadAss.Sx on July 13, 2014, 05:09:34 PM

So riddle me this: Which designer of URO thought it was a good idea to distribute URO to the mining public, which will theoretically entitle them to a vast amount of $ in urea? Like if I'm Microsoft right, and I create a virtual currency (call it Xbox points), why would I give them to a bunch of random nobodies that have nothing to do with Xbox or Microsoft for free?

That's what I really can't get over, aside from the general lack of market demand for such a coin among probably anyone in the commodity trading ecosystem.

And by the way, I know that the average BCT member has a terrible background and no experience with anything remotely approaching any type of financial market, but the fees people pay to banks are for a reason, and in any case the fact that they use dollars or euros vs. URO is not the issue, and if there were a market opportunity to avoid the fees it would be taken completely irrespective of URO.

I don't think I've put anything unfair or hostile in this note, but it isn't cheerleading so will it be deleted...?

Why would Apple sell shares to samsung bobo's?

I guess this goes back to my point that BCT members don't know anything about finance; an URO coin is nothing like a share in apple; GES or whatever is not issuing equity and you are not buying equity in anything by owning URO. Yikes.

Here: this is from the uro blog

Market creation and growth via “Earned Distribution”: to have a market – you need mass participation. What is the point of Uro if – when it reaches its proper value – that only a few hold it? There will be no point to such a currency – currency is something that is useful for exchange between people – especially strangers. The bigger the market the better – and we believe that the best way to create a large market is through what we call “Earned Distribution”: everyone that is holding Uro have earned them – by mining to keep the network operating, by contributing to the community via posting new information to strengthen its value, by buying some Uro. This is the free market at its best – mass participation with no freeloaders.

Please dont think that only the miners or day traders are on the exchanges- i got a few farmer friends in India and after speaking to them, i have bought some uro for them as well. And m not too sure if Rivaa Exports who placed the first order with 12500 uro were mining either.( here is the transaction http://uroexplorer.cryptocuttlefish.cc/address/UkTxkgTehxnrrmuUdx8hXre2GyUaeNasbW )

Hope this solves your riddle.

Thanks

Let me ask my riddle then this way: if you insist on giving away URO in order to spur adoption, why not give them to people that own urea? Why give such a valuable amount to miners / etc? You are giving those parties a totally unreasonable amount of compensation that will massively turn off people that actually own urea. OK?

It is like if (suppose for a moment I can create URO coins arbitrarily) I told all the owners of URO, who have something that currently has value, that I am creating a ton of new URO and giving them to other people for nothing. You would scream that the price might crash as they get dumped, why are you doing that, those people don't deserve valuable URO for doing nothing, etc. You see the issue? This is what is being done to urea holders.

Except in practice it will simply prevent urea holders from signing on to the system in the first place.

There are 3 parties involved in a commodities transaction. The producers, the processors and the traders. You can't have a free commodity market without traders.

Are you suggesting that the average URO holder has any ability to trade urea? You are making my point. Why give so many URO to miner and investors that have no connection to the urea market?

The network needs miners to maintain it, those miners need to be compensated. Nobody is giving anything to the miners, they earn it. Nobody is giving anything to investors either, they buy it from the miners...

davisgreen

sr. member

Activity: 294

Merit: 250

Quote from: davisgreen on July 13, 2014, 05:29:19 PM

Quote from: BadAss.Sx on July 13, 2014, 05:09:34 PM

Quote from: corather on July 13, 2014, 05:50:53 PM

So riddle me this: Which designer of URO thought it was a good idea to distribute URO to the mining public, which will theoretically entitle them to a vast amount of $ in urea? Like if I'm Microsoft right, and I create a virtual currency (call it Xbox points), why would I give them to a bunch of random nobodies that have nothing to do with Xbox or Microsoft for free?

That's what I really can't get over, aside from the general lack of market demand for such a coin among probably anyone in the commodity trading ecosystem.

And by the way, I know that the average BCT member has a terrible background and no experience with anything remotely approaching any type of financial market, but the fees people pay to banks are for a reason, and in any case the fact that they use dollars or euros vs. URO is not the issue, and if there were a market opportunity to avoid the fees it would be taken completely irrespective of URO.

I don't think I've put anything unfair or hostile in this note, but it isn't cheerleading so will it be deleted...?

Why would Apple sell shares to samsung bobo's?

I guess this goes back to my point that BCT members don't know anything about finance; an URO coin is nothing like a share in apple; GES or whatever is not issuing equity and you are not buying equity in anything by owning URO. Yikes.

Here: this is from the uro blog

Market creation and growth via “Earned Distribution”: to have a market – you need mass participation. What is the point of Uro if – when it reaches its proper value – that only a few hold it? There will be no point to such a currency – currency is something that is useful for exchange between people – especially strangers. The bigger the market the better – and we believe that the best way to create a large market is through what we call “Earned Distribution”: everyone that is holding Uro have earned them – by mining to keep the network operating, by contributing to the community via posting new information to strengthen its value, by buying some Uro. This is the free market at its best – mass participation with no freeloaders.

Please dont think that only the miners or day traders are on the exchanges- i got a few farmer friends in India and after speaking to them, i have bought some uro for them as well. And m not too sure if Rivaa Exports who placed the first order with 12500 uro were mining either.( here is the transaction http://uroexplorer.cryptocuttlefish.cc/address/UkTxkgTehxnrrmuUdx8hXre2GyUaeNasbW )

Hope this solves your riddle.

Thanks

Let me ask my riddle then this way: if you insist on giving away URO in order to spur adoption, why not give them to people that own urea? Why give such a valuable amount to miners / etc? You are giving those parties a totally unreasonable amount of compensation that will massively turn off people that actually own urea. OK?

It is like if (suppose for a moment I can create URO coins arbitrarily) I told all the owners of URO, who have something that currently has value, that I am creating a ton of new URO and giving them to other people for nothing. You would scream that the price might crash as they get dumped, why are you doing that, those people don't deserve valuable URO for doing nothing, etc. You see the issue? This is what is being done to urea holders.

Except in practice it will simply prevent urea holders from signing on to the system in the first place.

If it were some prepaid cards or something..yes would have made more sense.
But how u expect a cryptocurrency without miners..u mean they should have mined all the coins themselves without putting it up for the public?
M not too sure about that..may b some one else cud enlighten..how that wud have worked in having a free market!!!!

jasemoney

legendary

Activity: 1610

Merit: 1008

Forget-about-it

Quote from: jasemoney on July 13, 2014, 05:30:35 PM

Quote from: stormia on July 13, 2014, 04:57:13 PM

Quote from: corather on July 13, 2014, 03:58:12 PM

Quote from: stormia on July 13, 2014, 03:52:40 PM

Quote from: corather on July 13, 2014, 03:43:32 PM

Quote from: exoton on July 13, 2014, 03:06:38 PM

is pretty convinced that its real however i dont understand why ges would do this why shouldnt they just their product for a set price , why give away 2-3 shipments for a cheap price ? i dont see the benefit for the company

No one is giving anything away.

In the first 10 years there will only ever be 2,000,000 URO maximum. That's enough for 160 orders of product. Right now there's only about 300k floating about, that's enough for 24 orders. As Green Earth collects this URO into their wallets the supply of URO goes down, driving prices up. Eventually they will control most of the supply and they will have cornered the market. They then sell their URO at market prices and people who actually need the product who have the available cash will buy it in order to save on bank fees.

tl;dr

Green Earth collects URO, corners market.
Green Earth sells URO for market prices.
Buyers buy URO to trade for product.
Cycle repeats.

How hard is this to understand? It's not freaking rocket science. Why don't you use your head for something other than a hat rack?

160 orders? or 24 orders now...the uro are not destroyed upon being spent. we could see 50 orders happen right now if they were spent on urea and sold back from the NEIRs into the market. fortunately no ones thatd dumb at the moment as the price is still so low they wouldnt sell the coins back into the market until it gets up towards 1:1.

There aren't 560,000 URO in circulation right now so that would be impossible. The URO aren't destroyed that is correct, but if they're taken out of circulation temporarily but the acceptors of the currency that creates a vacuum. That vacuum will be filled once the coins are released back to a hungry market at market value.

fine then the operative word would be there can not be more than 24 concurrent orders currently or 160 concurrent orders in the future.

DFJ

newbie

Activity: 41

Merit: 0

Quote from: davisgreen on July 13, 2014, 05:29:19 PM

Quote from: BadAss.Sx on July 13, 2014, 05:09:34 PM