Topic: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea - page 93. (Read 227157 times)

Now that's some good info.

Gugli, i took the liberty of typing the questions so we dont have to clog this shit up with images. disclaimer, I am not a part of the uro foundation, protocol, or any affiliation other than i have been a moderator on the irc which i was asked to help with as maybe a vanity position as i donated 1.5BTC to block cypher project. needless to say any answers are my own thoughts on the questions which were not answered in depth enough by Bohan for your standards, or which were pawned off from Bohan to GES and remain unanswered.
2 a private crypto would be harder to secure, require centralized mining done at the office, and require pruchase of hardware and expenditure of electircity, these may be something they are not willing to undertake (though obviously could afford). if they were to only run a few miners they would leave the network open to hacks and 51% attacks easily. daytraders and speculators are not the end user, we're just keeping them warm for the businesses which will use them. the miners and our interest are what will keep the coin healthy until it is picked up by the businesses who will exchange them for urea
5 the July 21st Tender results are: http://pastebin.com/pYvbAfFJ Liven won by offering 120k urea at 274.77$ someone else can chime in i believe IPL is able to purchase more from others if they need it. something in my head stick out about this being a 1 million tender maybe im confusing the amount. if it was 1 million they'd just use the next handful of lowest bidders
7 Nilesh did the video I doubt hed do an AMA. as we can see Rivaa did not win the tender for July 21st, though according to the GES press release when Rivaa did complete the transaction they mentioned 2 other companies interested but did not state names. there is no way to know if those other 2 companies are a. winners of the ipl tender, or b. transacting uro>urea.
8 The information for Ureatradingindia was released in IRC yesterday, while Bohan said they were made aware their site lacks contact info, it has been offline since then most likely for a revamp. It is my opinion that all 4 niers are affiliated with GES as Vinnisean Pillay and Sigar Singh are representatives on GES commody site. Since their information has been there they dont need a formal introduction. its always been stated to verify with [email protected] who will pass your information to the proper channel. obviously none of us speculators are real importers or we'd have some real information to share with eachother.
11 We can reasonably assume they are informing the clients who have the highest likelyhood of engaging in such a transaction and giving them the information. the daytraders have nothing to do with what the niers are up to. customers of theirs who are going to do buys with uro may cause a price spike if they buy in at once but are not responsible for long term or short term pricing.as 1 million of uro are transferred to the niers the well will dry up and the price will be forced to rise. so long as it provides double digit saving on bank transactions and is worth while to use as a payment vehicle. it will be bought and used as intended.
12 I dont think we need to micromanage the niers just because Bohan hasnt let us proofread documents about uro doesnt mean they dont exist or at least exist in some word of mouth format to anyone calling the niers for normal transactions.
14 Nilesh states on the video that GES started in 1998 in Cairo
15 they may have gotten press in a newspaper which would leave no digital trace. maybe they do it as a tax writeoff
17 maybe theyre waiting to get their uro before buying the book, or maybe they have no clue what to do with 1 million in uro. their business probably isnt built on speculation
25 the GES insolvency was shown to be resolved as per the records purchased here: http://www.scribd.com/doc/234251300/Green-Earth-credit-report though we dont have any information about nilesh bankruptcy proceedings, i imagine its a private matter.
30 when an order comes through the nier responsible for filling the order has 60-90 days to get urea from the manufacturer closest to the port they will use to that port. the nier would pay for the urea, and accept the uro. a buyer sends a boat to the niers port of choice and the urea is tested and loaded. that completes the transaction, buyer is responsible for navigating the urea to back to their base of operations.
32 it would be fine just to convince these people to use bitcoin, the object was to set up something with a stable price, not that its hard to worry that 1 metric ton costs .4 or .6 bitcoin at current price, the best way that uro helps is in the hedge function. if you want to just buy urea with fiat or bitcoin then whenever you want to buy it get your money or bitcoin together and do it (no risk there) but if you like the current price of $300 per uro you cant buy a bitcoin and expect it to be worth ~2 tons of urea sometime down the road, bitcoin could go up or down, and urea could go up or down. whatever amount of uro you get now is worth that amount in urea anytime from now until 10 years form now (how long the current protocol is valid) this is a hedge against fat, bitcoin, and urea price fluctuations.

Truthful and Guglimugli both seem to have the same approach of spreading FUD.

Guys report him to mods.

some people might have missed this awesome news, so I just repeat it:

https://twitter.com/bohan_h/status/498303669796732929

we know hogan no one here is to big a fan of altcoinherald after their first uro piece..

Seems like this thread has been on constant hit by FUDnados.

To all URO holders and potential URO Investors, I recommend on reading this article:

http://altcoinherald.com/fudnado-hits-altcoin/"

Nonsense. The main reasons altcoins die is because no one wants them as they have nothing to justify existence. Calling them weak hands is just closing your eyes to reality.I guarantee you that none of the critics here are interested in biying.

I also guarantee you that none of

there i said it

Uro community, please stay cool and calm. DYOR. Read both the pros and the cons articles, if necessary.

Guglimugli

pictures of a person calling out names does not constitute a community.


For a fudster you sure got Shit for brains.

http://www.bayimg.com/FapAHAaFm


Coolncalm

GTFO your on the wrong coin thread. ? you got. shit for brain too?.

Yeah, was a typo.

URO is dust in the air. Nothing but smoke and a broke promise.

The reason why Bitcoin won't be used instead of BTC, is because the creators of this coin run a pump and dump scheme and want to profit the maximum. This is 100% vaporware, but I guess people don't care...

Uro community, please stay cool and calm. DYOR. Read both the pros and cons articles, if necessary.

This thread might probably be locked soon. I suggest to move the healthy discussion and updates about URO and other URO Related Projects to this link

https://cryptocointalk.com/topic/11060-uro-uro-information/

The guys behind uro think big.

They are ready to lose millions buy buying at a lose to help the coin but they aren't going to throw in 1200euros to help...the development the coin.

This project could use some more backers!

https://www.startjoin.com/pryptocardsuro

ignore him and do not respond.

This thread is handling FUD even worse than non moderated threads xD

Seems like this thread has been on constant hit by FUDnados.

To all URO holders and potential URO Investors, I recommend on reading this article:

http://altcoinherald.com/fudnado-hits-altcoin/



The main reason that an altcoin price generally refuses to go straight to the moon is because of weak hands.

Weak hands are the cowardly holders of cryptocoins who will dump at any sign of trouble.

Whales need these weak hands out of the game in order to push a coin price to all time highs.

What’s a poor whale to do when they wish to eliminate weak hands prior to a run-up?

They do the same thing the strong always do to the weak. They bully and harass them until they get their way.


Weak Hands Flee When The FUDnado Hits

If the price is higher than expected and there are lots of seemingly optimistic holders they unleash their secret weapon.

What is this secret weapon I speak of? It’s a weapon so strong that it can shake an altcoin to its very core, causing near-suicide among holders and sending the price downward in a manner that looks very similar to falling off a cliff.

I’m speaking – of course – about the FUDnado!

If you’ve been around crypto trading for any period of time you’re familiar with Fear, Uncertainty, and Doubt (FUD).

FUDNados Are Relentless And Coordinated FUD Attacks Which Chase Away The Weak Hands

FUD is designed to put fear into the hearts of the non-believers. It keeps new money from investing which suppresses the volume and price. It also causes capital flight from the afflicted coin, which can result in rapid price depreciation.

When the price hits a point that the Pod Of Whales deems acceptable, they buy in! At that juncture the FUDnado dissipates (almost as if destroyed by a makeshift explosive device.)

Naturally some FUD is actually true. There are times when warnings to other are done from the heart, in order to prevent losses by newbies. There are also times when the FUD is an invention or a distortion of existing facts to serve the needs of the FUDsters. In the case of a FUDnado, the wisdom of purchasing the coin will be attacked from multiple channels in increasingly relentless waves.

FUD is much like negative political campaigning. It’s a part of the Whale’s arsenal because it works.

Many altcoin holders literally are weak hands. They may have bought in early or mined a batch for themselves. They’re not sold on the long-term prospects of the coin. Having been burnt to a crisp numerous times before they aren’t not in the habit of holding coins for long. Instead they dump as rapidly as they can at the first sign of trouble to avoid meeting a bitter end.

The Whales know this and they plan their attacks accordingly. If they can convince weak hands they’re fools for hanging on and that the price will only go lower, they will dump – right into the hands of the Whales and stronger hands.

A FUDNado is tough to overcome because the FUD will flood all channels. There will be FUDsters everywhere you turn, even in the most unexpected places. Twitter, BitCoinTalk, and Troll Boxes will suddenly be alive with a nearly non-stop stream of negative sentiments. Weak hands are human. They will become depressed about their decision to buy and they will trade out of there as if they saw a ghost.

Decide Whether The Information Is Real And Assess The Impact Before Exiting The Trade

When a FUDnado hits an altcoin you’re in, its imperative to do some research before dumping. If you react emotionally and dump your coins without further thought you’re playing a game that you’re meant to lose. If you get in the unfortunate habit of doing this too often you’ll end up losing so much you’ll give up on crypto trading altogether.

Check with multiple sources to find out what’s actually going on. Weigh all the evidence and then set your trade accordingly. When you sell there will be a buyer. Ask yourself why that buyer is getting in when you’re getting out.

Examine the history of those doing the FUD. Do they stand to gain from a dump? If it’s followed by a pump they certainly do. If they’re recognizable for being pumpers you need to take their advice with a grain of salt.

The FUDnado is very effective these days. It’s almost an unstoppable weapon. Weak hands are involved in all coins and they give up quick if they smell trouble. Learning how to differentiate real negatives from minor ones can make the difference between being a losing trader or a winning one.

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Please join the IRC Channel for Uro @ #URO on freenode for more constant updates:

Haha nope.