Topic: [UNO] Unobtanium Info & Discussion - Hardfork block 1042000 - Merge Mine w/BTC! - page 421. (Read 1047206 times)

I too have trusted those, but i put a time limit on how long they should be trusted. The longer an exchange is active, the more prone it is to hacking and such. It should become stronger over time as well as they can fix the potential security flaws, but eh. That honey pot sweetens as it grows and crimes of opportunity become more appealing. It becomes a bigger target. Similar concept to "too large to fail" but i think society needs to develop a formula for corruption. Sorta like a half-life on altruism. Things generally start off with the best of intentions but over time the locusts take note and swarm. The locusts are people who stop at nothing to obtain what they want for them selves while using the backs of others to reach their destination. Most americans, not their fault really, how we were raised.

I am still prepping my self for the day cryptsy and btc-e and poloniex go poof. It isn't a matter of if, just when, imo. Running that fine line of how many coins i wanna keep on the books at any given day to mitigate my loses when it does take place. If only there was something like a classifieds page or a craigs list where people could make offers of buying and selling but those coins weren't stored in a centralized locale.. oh wait  .

That Big Dump of Uno down to a few sats never happened, remember?  You didn't see anything.....    It's funny it still shows on some charts.

Man, I remember the rumors that started about the CoinEx Uno being dumped.
I think one of the explanations was that Cryptsy was working on their auto-sell feature and accidentally sold everyone's Uno.
Some thought it was Wolong cashing out and that Big Vern reversed it all to pocket the gains personally.

I'm still unclear about what happened, but I lean toward the "auto-sell malfunction" theory.

Crypto would be boring without rumors.

No I have not heard any rumors.
Bleutrade looks pretty good to me. It's active and they provide interesting pairs. Their trollbox is busy.

Exchanges that appear dead are scary. I like to see recent tweets, activity, trades taking place, community action. Anything that says they are alive.
It's pretty obvious based on quick math that every small exchange loses money. Without some kind of deep pockets backing them, they are run by part timers who probably don't know much about security best practices and are not up on the latest exploits.

We're fortunate to have Uno traded on Bittrex and Cryptsy, as they are as good it gets for an exchange right now.  Bleutrade -- I have a lot of trust in them.   The others I am rooting for, but just in general I am very wary when my coins are out of my control. I have been through enough exchange hacks/closures now that the risks are finally sinking in for me.

I also trusted Coinex, MintPal and Allcrypt, so.... my record is not very good. Every exchange is a risk, just by virtue of being an exchange.
I like Shapeshift because I only have to trust them for about 1 minute.

@Baars It's difficult for us to understand a stable currency as we have been under inflation our whole lives.  Since 1913 (the advent of the Federal Reserve) the US dollar has lost about 90-some% of it's purchasing power.  What incentive is there to save under that regime?  Savings is required for future investment in production.  Because the price of wages in the United States is so high, it no longer manufacturers anything, it merely consumes. How long can that last?

A good exercise is to do a startpage search for purchasing power of gold. It is realtively unchanged over the same time period.  Gold is a real currency...it can't be printed

Does nil-flationary means no inflation? But the limited supply will rise the value of currency constantly in case of mass adoption so one unit of money bought one loaf of bread yesterday, buys two loafs of bread today.

Can the logo have a metallic look to it?

Hey, Baars! Please ask me for more complex answers. These are stupidly simplistic.

One: is deflation bad? Keynesians think so, and they are well and truly in charge. But it was Keynesianism that got us into this debt mess.

Two: ‘a low and steady rate of inflation’? Again, a dominant ideology (I was 23 years old before someone dropped on me the bombshell that banks loan money they don’t have. Say what?)

‘Fiat’ currencies – not actually literally redeemable for, say, gold – can be ‘debased’: the Government prints more and more of the units of the currency, so a loaf of bread costs more and more – ‘inflation.’

Inflation is (my position) a smoke-and-mirrors stunt that goes wrong every single time, though that may take decades.

Three: ‘Can a deflationary crypto solve the problem?’

Tl;dr? They’re our best hope!!

Cryptos aren’t deflationary in that sense. They are ‘nil-flationary’ (at least Unobtanium and a number of others).

Deflation is a pickle that an economy gets itself into: prices fall, etc. etc. (But it’s the Keynesians who’d argue it’s a pickle. I’d rather ride it out.)

Here’s my take on our present situation:

three or four years ago, it was touch and go whether we would ‘tip’ towards inflation or deflation. Indeed, some nations presently have inflation even though the global trend is deflationary.

But if you stand back and take a good look, it’s not simply ‘veering too far this way’ or ‘veering too far t’other.’ It’s clear that the entire global economy is in a tail spin because first we ‘invented’ bazillions of dollars that weren't 'backed' by any production (but rather a promise of future production! Or not . . . ); and then, when GFC One happened, instead of biting the bullet, and riding bicycles and growing cabbages ‘til the debt was paid, we went on a money-printing rampage.

So, while we get our heads together – say, a century – the idea of nil-flationary currencies, the idea that one unit of money bought one loaf of bread yesterday, buys one loaf of bread today, and will buy one loaf of bread at any time for the rest of that century, is a really really really good idea (and so is buses pulled through the streets by the long-lunch-ocrats who got us into this mess.

(Except we did nothing, which makes us equally culpable . . . )

m

I have a question. As it is said in wiki economists generally believe that deflation is a problem in a modern economy because it increases the real value of debt, and may aggravate recessions and they favor a low and steady rate of inflation. So is it possible for any cryptocurrency with deflationary properties to replace fiat money in the future and how it will affect world economy?

Dropping like flies! Any rumours on Bleutrade or Coins-e?

@FK I am not suggesting anything in the least and haven't read anything, just asking! You are very dialed-in to what goes on in the cryptoverse.

When will BTC-E add $UNO? 

@ Vince: I can't speak for the community. These are just my thoughts:

yes, plenty of cryptos do have an android wallet.

Unobtanium is a coin with a different orientation, almost sorta 'no-frills.' So very very many coins with All Manner of Innovations have simply gone belly up. Conversely, Unobtanium chose rarity and security, and that attracted serious long-term crypto-coiners, and what resulted is what we might call 'the innovation' of Uno:

a community with an extraordinary breadth and depth of community energy and talent -- tech-support for newcomers, accurate and up-to-date media, trading-advice for all comers, an enthusiasm for crypto theory, and a proven ability to resolve issues in an intelligent and timely fashion.

m

Bynergy.com has gone offline. They were a p2p exchange without wallets, a bourse, but they did offer escrow for Uno. I've removed them from the OP.

It has been an active month for exchange closings and hackings: Allcrypt of course, was in the process of closing  and was then hacked. Allcrypt had Doge/Ltc/Btc/Naut markets for Uno. The last I saw there was only 10 Uno listed there. Most had been withdrawn, and perhaps all of it was removed before the hack.

Other closings of non-Uno exchanges:
Cryptoine.com exchange just posted that they were hacked and wallets drained.

Cryptorush.in gone. Swisscex.com is closing. Coin-Swap.net, gone. Betasharex.com gone.

I see Uno is near the top of the vote list now for Cryptopia.co.nz.  

thanks for the updates. i bought uno long time ago and actually thinking of re entering.
how about the technology? you know most coins already have android wallet.
is there something big going on?
sdc released a beta of their market place.
nav release their double encryption

something like that

Royal blue looks nice

I'd vote for black logo. Looks more royal and expensive. But blue is the original. I'm ok with both. Maybe we can get a darker blue?
In case we go with a darker blue, please take care so it does look clean.





I'd vote dark blue, ultramarine, royal blue, international klein blue or midnight blue or something like it  





something in between the 10s to 60s maybe?  

blue logo

Morning, Vince. Any developments for Unobtanium? Strap yourself in!

Merged mining begins shortly.

There's a halving in early May.

Both multi-sig and android wallets are in development.

And our mascot, Unobtanium Dromaius Novaehollandiae Rothschildi Chick, has entered the Olympic Fig-Scoffing Event. He's tipped to take a gold:

i like these
(at least one or a .gif of several)
to appear as the wallet is loading
also the taglines:
"We have elected to put our money and faith in mathematical framework that is free of politics and human error called Unobtanium"
"Unobtanium. Fair, Rare, and Secure."

on the overview tab (once loaded)
we can keep the black logo theme

Also on branding we should stress "Unobtanium" vs "Unobtainium Coin" but it looks like we have already pronounced that as being the formal name in most listings already.

Concur with blue logo.

Z

Eh, just one more thing...IMZ:  did you notice his sign off says "free of politics"?

But, you have a justification for your politics.  Right? 

@Knife
Many Tom Hanks for the thread.  It re-birthed UNO without a doubt.  A top shelf shout out to our UNO center/OP


====================
RE: New Wallet load

"We have elected to put our money and faith in mathematical framework that is free of politics and human error called Unobtanium"  

if that can flash for a half second in the load sequence that would be cool

looking for a prominerone blue logo too