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Topic: [UNO] Unobtanium Info & Discussion - Hardfork block 1042000 - Merge Mine w/BTC! - page 457. (Read 1047042 times)

legendary
Activity: 1092
Merit: 1000
...

We should shift focus not on Retail but B2B.  
Example ... need $5000 deposit to set a deal up (says producer/manufacture).  Deal agreed deposited in 3mins.  Later everyone unwinds in bank credits and UNO goes back to buyer.  (see not being used to buy just to secure)


I like this idea very much.
Very practical and very Unobtanium-like (not being a token but a collateral asset).
sr. member
Activity: 342
Merit: 250
It's exciting reading, this stuff! Thank you for your insight, BN Smiley
legendary
Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
@ Mark


(a) enough Uno transactional volume to maintain a strong merchant network?
Shape Shift gets UNO in the streets to the regular GI Joes.  Folks who do not use exchanges.  So this makes it very easy for them to consume & save.  The job of UnEx and merchant liquidity (solid price points & bulk bids) is still the same, but now we have a big hand helping manage the flo on exchange boards.

(b) i guess UNO to be the future reserve coin, rare in number and rare in movement.  But it will likely be best used for Bond/Credit on Deposit ... think Forex traders, Crypto Credit Cards.  None of that bookwork ends up in the UNOchain, all done in another database/book ... so we call that "Merkle trees"?

We should shift focus not on Retail but B2B. 
Example ... need $5000 deposit to set a deal up (says producer/manufacture).  Deal agreed deposited in 3mins.  Later everyone unwinds in bank credits and UNO goes back to buyer.  (see not being used to buy just to secure)
sr. member
Activity: 342
Merit: 250
@ B.N.: thanks for confirming that. It's all good. All good. All good -- and . . . let's you and I and Others refresh the theory on bloat:

that is, we shall use Uno to buy stuff (in Btc via Shape-Shift). The question to ask is: what is the optimal amount of transactional volume? Where is the middle ground between:

(a) enough Uno transactional volume to maintain a strong merchant network? and

(b) an amount of transactions that will -- even decades down the track ('cause we're uniquely 'future-oriented' here at Uno) -- result in bloat?


Approaching the topic from the other end: is blockchain bloat a problem and if so, can it be dealt with outside of limiting or dictating user transaction volume?

If I understand correctly, the answer is "yes, with Merkle trees."

Here's an article which may be helpful: https://bitcoinmagazine.com/17824/how-to-ensure-network-scalibility-fighting-blockchain-bloat/

One company that seems to be doing this already for Bitcoin is Factom: http://factom.org/

They're building extended function on the blockchain and keeping it size-efficient, you might say. Factom don't have to be The People who do this, they're an example of what appears to be a well-organised bunch who have been looking into this for some time. Having just learned and read about this while composing this reply, I suspect a solution to blockchain bloat is very much an active project right now.

--
Also, here's a quote from a recent discussion about BTC bc bloat right here on the bct forums: https://bitcointalksearch.org/topic/m.9926343
There are many others and you can even search "blockchain bloat" (including quote marks) in Google to see other stuff about this. Being that UNO is SHA256, it's handy for parallel consideration Smiley
IMZ
legendary
Activity: 1498
Merit: 1000
@ B.N.: thanks for confirming that. It's all good. All good. All good -- and . . . let's you and I and Others refresh the theory on bloat:

that is, we shall use Uno to buy stuff (in Btc via Shape-Shift). The question to ask is: what is the optimal amount of transactional volume? Where is the middle ground between:

(a) enough Uno transactional volume to maintain a strong merchant network? and

(b) an amount of transactions that will -- even decades down the track ('cause we're uniquely 'future-oriented' here at Uno) -- result in bloat?
legendary
Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
Oh, yes. Oh, yes. This is v. good news!
Oh, yes. Oh, yes. This is great good news!
Oh, yes. Oh, yes. This is huge mega ultra good news!

1 BTC = 3 UNO
--coming soon--

understand this Shape-Shift thing correctly : store your wealth in Uno, but buy yo stuff in Bitcoin
sr. member
Activity: 342
Merit: 250
Thank you Smiley Sadly my small UNO stash is not as large as I would like...

If you find the services I provide valuable, feel free to drop me a donation to help pay for hosting and maintenance: ucrYPTxQPKkb2WTU57PjurHbCHf3rACMJh

Or, lose some coins playing dice!  Smiley

I just played a few of your lower odds dice games with the expectation of losing the UNO I sent (of course, there's a bit of non-altruistic fun in the game of it too). Thanks for your great work in the UNO realm, Cryptapus!

EDIT. it backfired and I won. Better try again :p
sr. member
Activity: 342
Merit: 250

Hi Patman,

Yes, it will be with Bitcoin.

That's good news, looking forward to it. Good to see UN doing so well still, merge mining will only make it stronger  Smiley

100% agreed, this is a good result. I'm thankful that we had the opportunity to kick it around for a while first, too.
legendary
Activity: 2450
Merit: 1076
keybase.io/fallingknife/

Hi Patman,

Yes, it will be with Bitcoin.

That's good news, looking forward to it. Good to see UN doing so well still, merge mining will only make it stronger  Smiley
Thanks for the vote of confidence.

The idea was vetted here for quite a long time. We talked through lots of different ideas. Some people still aren't thrilled about it, but in the end it was the best idea for securing the block chain. It's something within our control.
hero member
Activity: 924
Merit: 1000
Watch out for the "Neg-Rep-Dogie-Police".....

Hi Patman,

Yes, it will be with Bitcoin.

That's good news, looking forward to it. Good to see UN doing so well still, merge mining will only make it stronger  Smiley
IMZ
legendary
Activity: 1498
Merit: 1000
@ Cheap Uno: 'Un-Ex Trade 64: will sell 10 for 0.140 Btc'

'Project Hoover,' campers, aims to put a steady trickle of cheap Uno for sale on Un-Ex, so Un-Ex becomes a 'go-to' site. Right this second, you'd pay 0.148 each to get a packet of 10 Uno.

@ F.K.: I hope I understand this Shape-Shift thing correctly: store your wealth in Uno, but buy stuff in Bitcoin? It's tailor-made for us, and perhaps we should work on a initiative to 'explain the idea around the place'? [And I am working on the 'How to Get Started on Un-Ex text]

@ Welcome, Patman! I understand that merged-mining remains on the agenda, but we're not implementing it right now. The discussion starts about P. 21 here:

https://cryptocointalk.com/topic/1418-unobtanium-uno-information/page-21
legendary
Activity: 2450
Merit: 1076
keybase.io/fallingknife/
At the risk of sounding boring, what's the story regarding merge mining UN - Yay or Nay?


Yay.
It's coming.  I'd lay odds on Bryce releasing it within 60 days, although no solid date has been committed yet. There will be time for everyone to update and a big push to notify the community, exchanges, miners, service providers.

Stay tuned.

Will it be with BTC? I saw talk of merge mining with Mazacoin, until they locked their own thread here.......?
Hi Patman,

Yes, it will be with Bitcoin.
hero member
Activity: 924
Merit: 1000
Watch out for the "Neg-Rep-Dogie-Police".....
At the risk of sounding boring, what's the story regarding merge mining UN - Yay or Nay?


Yay.
It's coming.  I'd lay odds on Bryce releasing it within 60 days, although no solid date has been committed yet. There will be time for everyone to update and a big push to notify the community, exchanges, miners, service providers.

Stay tuned.

Will it be with BTC? I saw talk of merge mining with Mazacoin, until they locked their own thread here.......?
legendary
Activity: 2450
Merit: 1076
keybase.io/fallingknife/
Oh, yes. Oh, yes. This is v. good news!
The speed of the transaction was impressive. I usulally can't send Btc to any exchange without a 20 to 30 minute wait.
 I hope they are always that fast.
legendary
Activity: 2450
Merit: 1076
keybase.io/fallingknife/
At the risk of sounding boring, what's the story regarding merge mining UN - Yay or Nay?


Yay.
It's coming.  I'd lay odds on Bryce releasing it within 60 days, although no solid date has been committed yet. There will be time for everyone to update and a big push to notify the community, exchanges, miners, service providers.

Stay tuned.
hero member
Activity: 924
Merit: 1000
Watch out for the "Neg-Rep-Dogie-Police".....
At the risk of sounding boring, what's the story regarding merge mining UN - Yay or Nay?
IMZ
legendary
Activity: 1498
Merit: 1000
Oh, yes. Oh, yes. This is v. good news!
legendary
Activity: 2450
Merit: 1076
keybase.io/fallingknife/
Just tried it. Worked perfectly.  Only took about 1 minute after I sent my Btc, and the Uno was in my wallet.



Now I'm off to play Cryptapus Dice! Smiley
legendary
Activity: 2450
Merit: 1076
keybase.io/fallingknife/
I just noticed that Shapshift.io has added Uno!  

Very cool!


legendary
Activity: 2450
Merit: 1076
keybase.io/fallingknife/
If you've never been to http://Cryptap.us/uno  get out there now and look at all of the cool stuff Paul built for Uno.

Never played dice?  Right now, send 1 Uno to udicetdXSo6Zc7vhWgAZfz4XrwagAX34RK  
There's a 95% chance you'll receive your winnings back in about 3 minutes.

Feeling lucky?  Send 1 Uno to udicecKBTf2hsPq98uZ4Enyay2sdxMrQTS
That's the 50% game. If you lose, you'll get a little dust back in your wallet. If you win, you'll do pretty well for yourself.

Be sure to make use of these great tools, and have fun!
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