Topic: [UNO] Unobtanium Info & Discussion - Hardfork block 1042000 - Merge Mine w/BTC! - page 673. (Read 1047042 times)

one more comment: the absolute beauty of this constelation is that it is totally no biggy for all the mininginfrastructure on bitcoin moving to uno in a matter of days.
NO BIG DEAL! SHA256!
If people come to realize it is fact that the inflation on btc is too high or the adoption too slow (which ever you choose) things can go fast.

Mind you: uno has no huge satoshi-wallet which is an additional plus, it is low in price (lot of profits to be had), and it is faster, PLUS the blockchain is not so big right now.
WOW
 
There are totally no barriers for a transition besides the mental ones some people will have of course.

The only disadvantage of a switch is the turmoil in the crypto-community it could potentially cause if things go too fast. Other than that i can only see advantages. But since it can easily rise for a long, long time everybody will win in the end.

Uno is really bitcoin on steroids. And you do not even have to preach it like a cult. All you need to do is point people to the deam' supply/demand indicator and they'll see it themselves. Not much explanation and preaching needed. Hard numbers.

When i think of Uno i think of it as a cold storage type thing at times. A place where you can keep your digital riches, without worry about them losing value due to being dumped down into oblivion by someone who wants the new pair of jordans or something. I have my riches, i store that in uno, cash out an uno into something like bitcoin and such. Like a mutual fund, the way the individuals handle the money contained within the fund, not so much what the fund does. You have your bank account, then you have money in your pocket. Beyond your bank you hopefully have other tools for savings, 401ks, iras, mutual funds, stocks, bonds, bullion. Illiquid type holdings. I see Uno like that in the landscape of my crypto portfolio.

That is how i believe we break our "competition" with bitcoin. We aren't competing to be the most accepted currency. We should be working to be the most stable, which i think we are. The limited supply of coins really should allow "the powers to be" (us, the people who really care about the coin) to control the market better than most of the markets out there. We are stable in code as well as value. The only real issue is a 51% attack. At the current time not an issue. If the value of the coin does sky rocket, even shorting someone .5 uno could make it worth while to hijack the network. That is why i believe there was mention made of merged mining. Needs to be done imho.

The only thing that could possibly happen to prevent the need for it is if the value sky rockets to the point where it is worth while for people to keep mining for the minimum rewards. Who would the coin merge with? I am guessing it would be a Wiener coin in the sha flavor. Now that the cat is out of the bag on that one, i do expect to hear a littttttle bit more on the topic in the future.

So the hash rate, and the fact that 25% of the mined coins are sitting in one wallet. Those are the only TWO issues uno has imo. One of which is an issue we can't do much about, the 25% of coins in the "cryptsy" wallet. Which just because we know it is an exchange wallet, doesn't mean we know how many different people all those coins belong to. It could just be 10 people, 9 with 100 coins and the rest going to one dude. It is purely speculation. It could be 25k people with one uno each. Doubt that though. So i speculate for the worst, thinking they all belong to one person and that person could be waiting to dump at any second. Plan for the worst but expect the best. At least it is how i roll. Won't be caught off guard as easily that way. Realistically, the truth most likely lies in the middle of the two extremes. Good luck finding it though 


I never thought of looking at those numbers even though it makes tons of sense! Nice work! It would be awesome to see that number on the Uno page.

Ahh i am illuminated! Such a simple way to find out the demand, beautiful!

now btc drops due to too high inflation and/or too slow adoption. Uno could make its priceindependence now. There is nothing holding it back, really. It can go Top 10 over night once people start to see what was pointed out during the last two pages here in the thread.
 
I'll be back tomorrow. Looking forward to your comments.

well, uno is the only coin out there at this time that could dethrone bitcoin if you think about it. Let's not be too crazy about it to annoy people, but really, uno doesn't compete with litecoin only, it competes with bitcoin itself since said indicator (new coins per day vs traded coins) will also be of tremendous help for traders and after some time it'll become very clear that Uno is THE SUPREME STORE OF VALUE since demand will pretty much always outstrip supply from now on.

Crazy?
Maybe.

But this is not even hype. It is cold, hard numbers.

Please feel free to develop on that idea of the indicator. It's OS and not copyrighted of course Do with the idea what you want.
I'll be tracking it manually from now on until we have it automated in some way. I'll write you a table every now and then.

UNO will be listed on Altmarket.com, paired with BTC, RZR and XDQ.

how about implementing that into the unobtanium.uno page?

Take a few popular altcoins + btc + ltc

most have  fixed number of new coins. Volume on exchanges is also possible to track. I could imagine that could be displayed in realtime and fully automated. I wouldn't know how to do it but sure one of you guys has the skills for it.

I think 'new coins issued in 24h/7days/30days' vs 'coins traded 24h/7days/30days' is a good indicator which people will come to love when trading coins. Correct?

That indicator is also a strength of uno. I'd think uno will beat them all at any time.  

I had the perception only very few people were able to extract this from the specs. With such a tracker/ticker/indicator it would be much more visible to everyday people.

LOL. If that gains traction in the end they all sell their bitcoin for uno and uno replaces bitcoin

please, someone has to create that ticker! Uno can compete directly with bitcoin. It's real!

I love this idea! It's an interesting metric for traders and helps them understand a coin's true demand and it's potential as a store of value.
I could envision a website like coinmarketcap.com springing up to rank coins in this manner. The data is all there on the explorers and exchanges.

newcoinissues vs. coinstraded

Bitcoin: 3600 / 5400  (on all usd-markets combined)
UNO:  30 / 280  (on bittrex alone)

we could be tracking those numbers and also compare to other alts to help people understand what the deal is with unobtanium.

@ gustav .... BOO YAH!

newcoinissues vs. coinstraded

Bitcoin: 3600 / 5400
UNO:  30 / 280

great metric ... UNO is x10 and BTCx1.5

250 UNO must be bought from HODL'rs ... sellers market ... perhaps forever given the math.

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side note on Uranus ... mythic ... Zeus's grandfather ... Saturn's father ... the original Lord of the Sky made sweet love to mother Earth.
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QuestionoftheDay ... What are the store of value or reserve currency of these magic internet monies?  The coins with very low inflation and a secure network. (Ignore 'fair'/'rare')

I can think of Zeta, infiniti, Quark, Doge, CGB, RZR, and UNO.  Which others am I missing?

(reason :: know thy competition)

In the big picture many things make UNO a good coin.  But the BIG central point is low inflation/base money supply.  that puts UNO in a unique class of sound money supply.  New 'smart money' investors will get that concept right off.  

Keywords:  

store of value
the internet's reserve currency
low inflation
fixed money supply


others?

this coin is incredibly scarce. On bittrex alone you have been trading 9 days of new coins last 24h. You can't buy this many coins every day on one exchange alone because if you do demand outstrips supply many times.  

If you compared it coin-wise to bitcoin you traded uno with higher volume today than bitcoin was on all usd-markets combined on bittrex alone.

What i say is:
Bitcoin: 3600 new coins a day. Tradevolume on all usd-exchanges today: 5400 btc - so a bit less than 2 days of new coins was traded across all usd-markets (stamp, btc-e, coinbase, finex) according to bitcoinwisdom.
Uno: 30 coins a day. 280 coins on trex in 24h traded. More than 9 days of new coins.
Well, you do the math.

edit: cryptsy: approx. 3 days , coinbroker: 1 day, mintpal approx 3 days.

So demand/tradevolume outstripped supply on new coins today by 16 times! Yes, 16 or more!

(and we didn't even get started)

Uno is totally nuts if you look at it this way.

that is some great observation.

And the best part is: shitcoins are dumped, finally!
Been waiting for this turn a long time now. Hope the markets will now be more rational again.

Truth to tell:

who knows that Bitcoin's share of total crypto-cap fell to 75% during The Big Spike? BTC-altcoin ratio is my favourite metric. It was steady steady at 94/6 for months after the April inflection.

But it's rising now. BTC's share is just over 90% today. Let's keep an eye on it.

M

to Uranus!

Uranus Symbolic Meanings

Art
Science
Eccentricity
Change
Invention
Revolution
Surprise
Originality
Sexual drive
Awakening
Non-conformity
Inspiration
Shock value
Self-Expression

Uranus is associated with Platin too, so maybe the Uran-wallet isn't that bad after all. Am i tripping again?

LOL I had a good laugh there. It's true that the price is acting very positively.

i deleted the shaved bear. Apologies. Was maybe a bit strong.

great interview. I think he doesn't realize it himself a lot how his own mindset towards coins is a professional one. Great stuff. Blazr2 a virtuose about coins exactly what i anticipated. Thanks for posting.



totally agree. I prefer a well thought out, fair coin with no premine, good hash, great community and a layout for centuries any day over a premined bait and switch pseudo-innovative unstable hip-for-a-week-coin with a wallet crashing on you and hardfork twice a month.  

Coins hardforking a lot can't be adopted by the masses because people don't want to mess with that. Simple as that.


The ideal coin for wide adoption is not premined, scarce (low supply and inflation), secured with hash and reliable to use. Well, here you got that coin and people with some foresight are gathering

@ Bitcoin National: I sure dig what you're theorising about 'good' and 'bad' speculation -- it is what my 'Mr. Smith Project' is about. And overall: big (pay-the-rent) sells on Un-Ex, sky-high transactional volume, community action to stymie any disruptive trading -- and a policy on the number/type of exchanges (I really have a lot to learn about this).

@ Project 117: an Uno-nly Mining Enterprise: IndiaMikeZulu will support this extensively!

@ Learminer: thanks for the graphics. Go, you!

@ V500: can I add to your theory?: we are seein' it at this very second: crap coins are failing at launch; price-independence is a growing consciousness; and it's clear that Sound Basics can trump Loads of Hi-Tech Add-ons.

m

Un Developer Blazr2 did an interview with Theo Goodman of Sound Wallet.  Go grab a beer, make yourself comfortable and check it out!  Jump ahead to 4 minutes.

https://www.youtube.com/watch?v=QyaLwfJbV_k&feature=youtu.be

you could be moving coins on the chain just for fun to get people used to coins moving. Uno has the advantage of not haveing a huge satoshi-wallet that would cause panic if things would be moving. I'd recommend to move in chunks, not huge amounts. Biggest private wallet is 2.2% of coins. That's alright.
The only thing really threatening is the cryptsy-wallet i think. Just pray they keep the shop afloat until people were able to buy it out.

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i have a theory about coins:

coins with premine/presale and a community expecting things spoon fed will not go anywhere. Either you need a huge team and budget to get things going or the core team ends up being worked up. Often enough people can't find consensus in such working-groups and the project fails because of conflicts about how to spend the budget. They also consume huge recources because they will be looking at it as a job and expect to be payd fulltime.
I think in case of coins the only way to really get it going is the wise approach Blazr2 took: put a project out there, that is totally fair and see what happens. The Dev can't be responsible for promotion and all the other stuff because he end up with too much work.
The only way to get a coin really going is to have it as fair as uno and a community that is aware that the work will not be done for them, they have to do it themselves. The swarm-thing. People expecting it fed with the spoon pay a price for that.
Bitcoin is the same. The people holding it know they have to promote it (satoshi won't do it for them).
So i think in a few years down the road we'll see that 95% or more of established and resilient coins are the ones with a fair start, good distribution, no premine/presale and communities that are aware it is up to them to get it rolling.
I think only coins with fair start and good longterm community have a chance to stick.
The more people take on responisbilities because they are holding the coin and want it to apprechiate, the more solid the coin is.

I didn't even know bears could be taught to shave. Can you teach my wife?