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...?
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.
