Author

Topic: [UNO] Unobtanium Info & Discussion - Hardfork block 1042000 - Merge Mine w/BTC! - page 417. (Read 1047042 times)

legendary
Activity: 2450
Merit: 1076
keybase.io/fallingknife/
Wow, Uno is cheap.

And Bitcoin is cheap....

That gives me an idea.

I have to wait a week at the earliest to buy 10 UNO for the month of April  Sad  ... but buy, I shall.  Cheesy
I have not added much Uno the past 2 months, just hodling.

So I've made myself a promise. To celebrate the next halving, I am going to buy the entire daily 7.5 Uno production, each day, at whatever the market price is, for at least a month. If prices keep dropping, I'll do more.  

I know it's not huge, but I think this is a good time and a fun way to accumulate another 250 uno. I sat out that last pump; now with Uno under $3 this seems like a bargain. I don't know what the price will be when the halving occurs. Make me pay dearly.

Why don't you join me in the celebration?

legendary
Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
Quote
According to a 2014 Forbes article by Samantha Sharf, “over 90% of bitcoins are hoarded.”

When Satoshi Nakamoto created the currency, he designed it to mimic the scarcity of gold. Only 21 million bitcoins will ever exist and since the block reward will dwindle to just 0.78 BTC by 2032, it will inevitably lead to even more hoarding.

Because bitcoin has a fixed supply it is deflationary by design, therefore the longer coins are held the greater the buying power they should have.

http://cointelegraph.com/news/113809/the-future-of-bitcoin-litecoin-dogecoin

Ok according to the experts of money (forbes)

Bitcoin:

Mimics Gold
90% hoarded

UNO is 1/84th the amount of BTC (so if bitcoin is scarce then what's uno?)
BTC block reward will dwindle to just 0.78 BTC by 2032 (cool, but UNO is already there in the halving schedule)

IMZ
legendary
Activity: 1498
Merit: 1000
"The second thought was, IMZ is most likely doing something along these lines lol!"

S.S., I have so many ideas in the arena that you should send a vet around to shoot me with a tranquilizer dart; but slow and steady, I am advised, is the best way to go. DVC remains, yes, miniscule, but theoretically, a huge success. I just fired off a PM to Guyinanutshell about equity DVC: time to try a prototype.

Roughly, first draft: 

existing DVC holders pledge 100 Uno in an 'equity DVC' wallet. 5 only* DVC are issued on the basis of the continued holding of the 100 Uno (and we can 'unpack' at any time. We did it with Hedges.)

The present starting date is May the First, but I am itching to get a prototype in place, so we can start ironing out the wrinkles.

* That's 20 Uno backing each DVC. The legacy banking-system can kiss our tookus: that's huge 'redundancy.' Note that two ounces of silver remains the 'benchmark' of one DVC.

Mark
sr. member
Activity: 1554
Merit: 374
Vave.com - Crypto Casino
Wow, Uno is cheap.

And Bitcoin is cheap....

That gives me an idea.

I have to wait a week at the earliest to buy 10 UNO for the month of April  Sad  ... but buy, I shall.  Cheesy
member
Activity: 71
Merit: 10


Lol, Exactly! If your lawyer is your Jimminey Cricket, smh..
[/quote]

I had to look up what smh meant.
Yes I have shown my kids exactly what the world is, especially big business.
Took me a long time to figure out that although I was brought up to be fair to my fellow man,  many others are not.
I was in business for more than 20 years, got screwed over a few times by sob stories, to find out said sobber was way better off financially than I.
Showed kids many of the little scams, and ticket clipping that occurs, just because it can and because the .gov says so etc.
(technically i am still in business , just do it with faceless trading computers, that I know are out to get me).
Is much easier and less stressful when you assume they are all sharks, rather than assume people are ok generally. hehe.
When you find a circle to trade in it is a good thing, is what ended up happening,
I used to have more work than we could handle generally, was only on taking on new clients the learning process started again.
Is what I am hoping un-ex may turn into, a trusted circle, but distributed geographically.
Regards,
tacktic.
legendary
Activity: 2450
Merit: 1076
keybase.io/fallingknife/
Wow, Uno is cheap.

And Bitcoin is cheap....

That gives me an idea.
hero member
Activity: 767
Merit: 500

They wont be rich but they live lives currently they are not afraid to talk about to their grandmother, or in the end wont have to justify it to their ancestors.
To me this is what matters, not whether it is "technically" defensible in law. but right.


Lol, Exactly! If your lawyer is your Jimminey Cricket, smh..
legendary
Activity: 1260
Merit: 1001
Someone above was advocating some regulation of crypto.

This article pretty well outlines why that is a doomed scenario regardless of the industry:

http://www.zerohedge.com/news/2015-03-31/government-corruption-has-become-rampant

We should do our own homework before we buy anything!
member
Activity: 71
Merit: 10
Seems like I am preaching to the converted.
A little while ago I realised something.
it happened over time.
I think HFT, (which is front running, electronically, and can never be anything else) when US authorities declared it not illegal was the final straw.).
This combined with dark pools make price discovery not important and extremely hard to do.
I realised that companies per se. Do not have consciousness. The people who run them do.
The next thing is company directors come on TV and say it is LAW that they maximise profit.
This statement is patently false, yet they repeat it ad nauseam.
it is a directors duty to promote the health of the company, nothing else.
If a company is morally bankrupt as well as making money, is this not wrong? I contend it is, but do not have the capital to challenge the status quo.
It is their general defence for doing something they know in their hearts is not right, but will make them money.
The law is living and breathing and is made to create moralities for those to which it applies.
When amoral people use companies for their own means, they do things that then test the moral compass of the legal system.
Little by little our civilisation is breaking down.
Companies can live forever , humans cannot., wait a few years, the world will change to the companies view.
Not getting caught whilst changing it. is the thing.
It took 58 years to corrupt the whole of the USA. 1913 fed. to 1971 abolition of gold as money.
Another 40 to bankrupt her.
.................................................................
I learned only yesterday that Canada actually has a state owned reserve bank.
They could issue debt free money.
For some inexplicable reason, the politicians decided in the 70s to borrow from a cabal of private banks.
Why I have no idea.
Canada pays interest on these loans everyday.
it is patently stupid, but that is our world.
I am 49 and am sad over the future for my children and unborn grandchildren and the world they will inherit.
This is one thing I can try.
The physical, will remain if the experiment fails.
They wont be rich but they live lives currently they are not afraid to talk about to their grandmother, or in the end wont have to justify it to their ancestors.
To me this is what matters, not whether it is "technically" defensible in law. but right.
Regards,
Tacktic.
hero member
Activity: 767
Merit: 500
Well then Tacktic, you seem to fit right in here in the Unoverse if that is what you are hoping for. I think a lot of us are just plain fed up with the amount of manipulation that takes place as a result of the way the financial world is structured. Are we going to change the entire world? Naw, highly doubt it. We can strive to make our lives better though, and share that with others, and hope it improves the quality of their lives as much as it has our own.

I just had a thought( lol doesn't happen that often!) , and then i just had another thought (batting 1000 today!!) that it is being done. First thought was something like a fort knox for uno/silver. It was going off the thought that i have no issues some how 'locking' up 300 uno and 30 ozs of silver. To establish something 'real' anyway. Not sure in which direction to further take that, if it is feasible, would it help anything out? What would be the best way of going about doing this? I have a fairly decent sized safe to lock the metals up in, but that is really for show. In a safe or not isn't as important as standing behind the terms of what was put forth. I.e even if the silver was stolen, making sure that you plan to replace that silver with the original amount. The second thought was, IMZ is most likely doing something along these lines lol!

To get back to the Uno/community pairing. Rehashing that train of thought, perhaps the most valuable, and underrated pairing in the whole crypto scene is Crypto/trust. Trust is a commodity. It is important, and humans know it, that is why it is so often used as a tool of manipulation. Living up to what you are saying as well as sticking around when times are good, and bad. This all adds up. People have always tried to have some concrete way to gauge trust, seller ratings, trusted traders, vetting people. What could very well set this community apart from others is trust. So how does one establish trust? I would like to think, by being open, TRANSPARENCY (i hope the nsa is reading this shit..  Wink) We aren't lacking it, but it is something that needs to be kept in mind so it remains strong. I think that is going to be the biggest draw into Uno. Setting up things like the silver stash and such just helps show that people are willing to stand behind the coin.

@ BCN glad i am making sense in some manner Cheesy!

To absorb the volatility? It is hard to say. Have we ever figured out what % of coins the community here holds? That requires a lot of transparency and i can fully understand why people wouldn't want to disclose that. On a personal level i have never been one to care if people know how much i have, or how little i do not have. I can respect ones rights to privacy, but hopefully they could at least the good that could come from disclosing that info, not total net worth, just the current standing in Uno.

There is strength in unity. I love individual freedoms and liberties, but when we band together there is NOTHING that is impossible. One man could never have went into space, never could have conceptualized and actualized the whole thing, too much for one life time. Between machining the parts, the math behind it all, extracting ore to make the metals, the fuels. Coming together for a common cause though, numerous groups achieved that. Then again, the contribution of the individuals, it couldn't have happened without each individual. Neither one is more important than the other.  I love how life works. We can do it though guys. So far it has been amazing. It took bitcoin what? 3 years? To gain 'mass' adoption. Within the past two years it went from 1200 to 200. In the same time frame, if you bought uno and held it for three months.. maybe someone who is good with charts could create three month chunks to see if you would have ever lost if you held if for just 3 months? I am curious, i don't wanna spout random numbers (haha even though i totally just did Wink) but that would be a cool number to see, the shortest period of time required to hold uno to sell off for 10% gain. Something along those lines.

I sincerely hope the year of the ipo/scam coins is over. It was repulsive that people were running so high off the adrenaline, or perhaps they really did have THAT much more liquidity in their assets due to when bitcoin was spiking super high, which ever the case they shouldn't have been so openly buying into all those empty promises.  A majority of ipo coins were just premined pos coins that released with none of their promised features, that was the bait, the features, hooked ya, then they keep reeling ya along. "The sale lasted 42 days, starting on July 22nd and ending at 23:59 Zug time September 2, and collected a total of 31531 BTC, worth $18,439,086 at the time of the sale, in exchange for about 60102216 ET" AWESOME. For them... Where else on the planet could you get 18 million dollars for being well spoken and having a website.. HAHAHA omfg, what could they possibly develop? They sold a fucking idea for 18 million fucking dollars. HOLY!!! Okay that reality of that situation just sunk in for me, i am cray jel atm. I still sincerely hope this crap is over. That is just one example as well. I def got burned, got caught up in the hype of a few coins my self. Live and learn. I just find the numbers astounding.
legendary
Activity: 1316
Merit: 1000

What we need is a comunity sponsored bot which buys every minute or every two minutes 0.1 coins ... you'd see it have big impact on the market.
Just an idea. Would also neutralize that other bot which keeps dumping dust.

Maybe Quatloo Trader could be used for $UNO market making and support operations?  I was thinking about a community experiment along these lines, but haven't had time to try Quatloo yet.  I'd like to see a review or some video/screenshots from someone who takes it for a test drive.  Cool  That would probably be helpful in understanding how to set up an UNO community sponsored trader.

Personally I found Quatloo trader terrible!!
legendary
Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
Looking at the TA month after month and it just keeps getting better.

My guess is that UNO will continue to gain very strong support along the 30day moving average.  By the next next halving UNO will produce less that 4kg/day.  By that time UNO stands to be a sure thing on a quick return for "non-uno-community" / "day traders".  The track record stands and they will automatically enter positions IF uno dips below the MA, it's a quick flip for them.  And this affect will re-enforce a stable linear growth.

Still there will be upward surges if new uno-community members seek to collect 50 / 100 kg in a quick buy up.  Then the momentum players will enter fast and furious as uno has been on the map for a long time.  It is very common now for coins ranked like UNO to get swept up in 50-500 btc volume for a couple days.

As we learned and saw this in Feb. these surge traders seem to play for 2-3 days then move on to the next.  2015 is less IPO and more older coins being traded fast, UNO will get caught in these storm surges from time to time.

Such surges disturb stable linear growth, and it takes a good while to sort out the overbought oversold spikes.

Any opinions on how to dampen the spikes up?  Sell walls get chewed thru quick and just play into the hands of the potato heads.  

---
@Tacktic

You hit on another big case use.  Trust-less contracts.  These contracts will require pledged collateral, and the stable coins rank Top50 will be preferred.  Uno stands in prime position as being the collateral of choice for contracts over 2 weeks.  

Again this is part of being a 'reserve crypto' / 'sov'.  
member
Activity: 71
Merit: 10
Sir smokes and bitcoinnational.
The first paragraph is definitely true.
Silk road was on 60 minutes I believe here in Australia. (one of the mind numbing media news shows anyway)
This fantastical internet money grabbed my attention, although this was at the time  asics came out so I never got bags of them.
That is precisely the reason I have appeared here and am thinking of taking up Uno as a serious hobby.
I don't have the capital behind me but see the potential and am trying to figure out a way to back my stash with verifiable asset base.
I love the idea of a full reserve, crypto.
portable electronic, backed by real money, maybe even dividend producing.
Is a conundrum and the modern money changers don't want to reset their system as it is to their advantage to create debt as money.
This would be good for the world and so they wont do it.
Uno is the closest possible contender, I can see as it is rare.
BTC with 21millions, is a very large stack.
Uno 250k is considerably smaller. Start 1oz ag, work up to 1oz au
So is a good start point.
I intend to raise my stack and somehow once trusted will back my part of the stack,
That is why ether intrigues me too, trust-less contracts. (not quite there yet).
Un-ex has trust built in and I believe may be a good launchpad for this, somehow.
Enough thinking in public.
regards,
Tacktic.
IMZ
legendary
Activity: 1498
Merit: 1000
"Just keep cash or bitcoin on the ready to support UN on the dips."

Added two Bitcoin to Core-tanium this week, B.N.; and $250 AU liquidity is now on line. Ian and CD and I have bought ten Bitcoin in three weeks to back 'Project Hoover,' which is definitely providing a little upwards pressure.

m
legendary
Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
@smokes

Good rant you hit several nails.

Quote
"No one has to like it, or agree with it, but the fact is that silk road helped bitcoin immensely. If ya consider that, and you look at how Uno has been doing, it is stellar. I'll keep bitching about that, because that is the catalyst to making Uno explode. The liquidity between Uno and precious metals, but really, any commodity."

1.  TALKING POINT ... (my paraphrase)

Bitcoin got where it is because of the silk road.  (fact. end of discussion.)  The is no rational reason to focus only on Bitcoin as the be all end all.  Why not have many coins each with a specific mission, each with their own exact ledger.  Don't put all your eggs in one basket.  Uno is an coin vetted by 18 months of trading, Uno out preforms bitcoin month after month (due to the science of math), and Uno has a unique focus of being backed by commodities including silver and gold.  

2.  UNO = PMs = commodity.
3.  Remittance as secondary market focus.
4.  UNO = the Crypto that stores value ... Turtle Power!  ((Just read the TA (above posts)  UNO trades in a Classic fashion))

---------

Personally, I am and have been looking at the commodity thing (import/export exactly).
Also, spoke with money exchangers.  (Right now they are very unaware in general and those who had heard of BTC fear causing issues with central bank authorities.)  And for the hat trick.  I am looking at backing UNO with gold, along the lines of Core-tanium.   Anyone can do this too.  Just keep cash or bitcoin on the ready to support UN on the dips.    

So we are on the same wave link SirSmokes Wink
IMZ
legendary
Activity: 1498
Merit: 1000
@ Rojan: IndiaMikeZulu is always up for community experiments!

m
sr. member
Activity: 1554
Merit: 374
Vave.com - Crypto Casino

What we need is a comunity sponsored bot which buys every minute or every two minutes 0.1 coins ... you'd see it have big impact on the market.
Just an idea. Would also neutralize that other bot which keeps dumping dust.

Maybe Quatloo Trader could be used for $UNO market making and support operations?  I was thinking about a community experiment along these lines, but haven't had time to try Quatloo yet.  I'd like to see a review or some video/screenshots from someone who takes it for a test drive.  Cool  That would probably be helpful in understanding how to set up an UNO community sponsored trader.
hero member
Activity: 742
Merit: 500
Lookin' up 'falling-wedge pattern' as we speak. (Wanna understand all this.)

m

In bulltrend continuation pattern. Could/should break out of the triangle to the upside sooner or later (once sellers are exhausted).

Looking at it like this (so from my point of view we are still in the pattern):





Normally you have lower volume in the wedge, it takes many weeks to form, tradingrange is becoming smaller, has bullish bias. All the hallmarks of the falling wedge.

Maybe we test support and resistance lines another one or two times. In case it breaks out to the upside later it would be a classical daytrader buysignal pattern.  

My 2 cent TA  Wink


variation of bullflag


daytraders 101 Wink

about volume, this fits our case here too:


In case this comes true i'd expect it to take us to mid 0.03 or maybe even 0.04
In case we are lucky it could be a fractal to maybe repeat on higher level again later says my crystal ball.  Cool But that's far in the future. Personally waiting now for breakout later, when sellers finally give up. Shouldn't be that much longer.

This is no trading advise of course.
full member
Activity: 130
Merit: 100
Just my opinion, but I think we've moved out of the downward wedge pattern and are flagging up.

IMZ
legendary
Activity: 1498
Merit: 1000
Lookin' up 'falling-wedge pattern' as we speak. (Wanna understand all this.)

m
Jump to: