Topic: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea - page 195. (Read 227157 times)

Thank you I will have a proper look through when I've got some more time. Its already taken up too much of my 'day off' today...

I understand the Dev and his team are very busy doing things behind the scenes, he looked so stressed out in the video which I skimmed through earlier.

The dev is pretty active on the IRC chat #URO. But do understand that this is a massive undertaking that requires a lot of online and offline co-ordination. I have been following URO from the first week and the dev has clarified a large number of genuine doubts, many of which I myself have had when I heard about uro for the first time. The more informed members would be happy to clarify what we know so the questions that have already been clarified don't require dev's time.

Heres his video from google hangout yesterday,

https://www.youtube.com/watch?v=HsHF0C_gPck

poor guy. He is really trying. We need to support him.


For a lot of the useful discussion points from the unmoderated thread, many of them have been collected here. Feel free to go through them.

urofoundation.wordpress.com

CACD influences distribution of chemicals across the country including urea. The company that I worked for had an Animal Feed Division that I was a part of for over 5 years...I sold many commodities to feed manufacturers who then supplied farmers with the feed mixes. Ingredients like phosphates, copper sulfate, ascorbic acid, zinc oxide etc...

If we can get CACD to promote URO then we will create a demand for these ingredient suppliers to import more urea into Canada which will help URO price go up towards $300 and create a more stable market.

As an example Ascorbic acid can fluctuate in price from $3 /kg up to $25/kg because the world market is controlled by 4 manufactures in China. There are only 2 other non chinese manufacturers of ascorbic acid, one in the UK and one in USA. These ingredient distribution companies hate volatile markets and avoid entering them because of risk of losing money. URO solves the problem with price fluctuation for Urea which will make these companies stock up on urea. It's a win/win/win for everyone. The market price of URO goes up for us , the chemical ingredient distributor is happy because they make a profit and the farmer is happy because the price is stable and urea is stocked locally.....This will revolutionize chemical distribution for good.

Good idea to start a new 'moderated' thread. The official one was crazy beyond belief.

Perhaps the Dev will get involved again with this one to put minds at rest.

Cross posting another great point from the unmoderated thread,

hi!

the ann thread is a total mess. impossible to find or get any information. could we regather how and when the first sale happened? who bought it (btctalk username)?
have any further details been released?

Great Idea! We should reach out to these guys!

Final, I can hear my self type

Im holding a light 9 URO ATM. Think im going to rip my attention from this live show and just see how it turns out in a couple weeks.

 I think if it's ever verified that suppliers will accept 1 coin per tonne, the price will move very quickly to the market price for urea.  Buyers will want to get as many as they can afford  at a discount, which will drive the price to the right rate very quickly.

The main thing is to prove you can get 1 tonne for a coin.  And really that doesn't have to be proved to bitcointalk, but to the audience of urea buyers.

Great idea adding a moderated thread for URO on here, it is needed - due to the average bitcointalk poster being immature & URO being the most mature coin out there. Clash of personalities.

We do have a few decent, responsible people on here though, so I'm glad that we can now come together easier.

Also, while I am here: Please add the Cryptsy market to the OP thank you.

I think the price of URO will tend towards urea slowly in the long run...currently the market will price in the uncentainity around the newness of the idea....so for investors who want to take on the risk theres a potential 20 X return even if it reaches a price of 0.2 uro. But I would think the price would be much more that given the kind of main stream media attention this can receive. In some ways, URO can actually redeem the "silk road" image of bitcoin. We can litreally go..look what else cryptocurrencies can do. Make no mistake folks, URO is a big deal for all of us!

so basically u saying that now uro=0.0219 btc
urea = .48534 btc = 1 uroshi

so 1 uro = 0.045123 uroshi
And when uro is exactly the same price as urea in btc, then 1uro = 1 uroshi

Did i get it right!!

Good initiative.  A moderated thread is needed for the community.

I would like to discus that we coin the term Uroshi which stands for the current price of urea in bitcoin... at todays pricing a uroshi is ~ .48534 btc  and will soon be equal to 1 URO coin

Awaiting some reasonable discussions. IRC is always great but a proper thread is needed also.

Thankfully we can get a reasonable conversation about the future plans for this coin.  Unhappy to see the first posts in this thread are skepticism, and questions answered just by reading what was posted in this very OP! (exception, thank you askcoin.net)

Lets start with a piece of news.  Did you know that milestone 2 about the NURO wallet, and the end paragraph regarding crowdfunding are part of the same goal? Did you know that we are potentially going to be the only coin aside from BTC and LTC to become a part of BlockCypher!  true-asset has been in contact with BlockCypher for a month and is ready to move forward with the creation of BlockCypher for URO.

Now lets keep the chat about what we are up to next and stand on the shoulders we know to be true that 12500 URO were accepted as payment for 12500 metric tons of urea just yesterday.  lets leave the madness to the main thread and work on some planning here.

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