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Topic: Unobtanium In-House Exchange - page 86. (Read 104918 times)

hero member
Activity: 1260
Merit: 504
October 07, 2014, 06:54:52 PM
I am here, guys! Catching up now.

@ Benefactor:


# Hedges on the blockchain! Let's do that, though they will debut non-crypto. Tryin' to figure out this aspect of the project was (is) the most difficult.

# A back-up Uno address is a good idea. We shall use Ian's.

# How about Phase One (which is specifically what we are discussing) ends on January 1, 2015?
The 'governor' of this project, Benefactor, will be the degree of interest. If it's a flop, it will be the work of a moment to 'unpack' it. If it is a success, we will have the energy and incentives to rejigger it.

# The issue of postage -- could the caller-outers be responsible for that? It would make the arithmetic easier (and, of course, we don't expect that there will be any postage costs involved).


Jan 1st - even better!  Smiley  Plus, since I'll hold the 'abundance of caution', I have to recuse myself from buying a hedge this time, even though I'm perpetually in belief that silver is worth $200/oz(+).  Maybe I will write/purchase in round 2.

If by caller-outers you mean owners of a hedge who decide they want delivery of the physical silver - yes, I think they should have to pay that.  I mean, of course customers of online physical silver sales have to pay shipping; it should be the same.  A huge benefit of your 'hedges' project is that nobody has to pay for shipping, but UNO holders can hedge with real silver.  It's brilliant!
IMZ
legendary
Activity: 1498
Merit: 1000
October 07, 2014, 06:24:54 PM
Did Korlic just score his first star?
IMZ
legendary
Activity: 1498
Merit: 1000
October 07, 2014, 06:20:38 PM
Hedges

Keep asking questions. Demand details.

When you buy a Hedge, Sirsmokes, you are buying the two ounces of silver that it 'covers.'

[We are ready to launch five Hedges. The ten ounces have been procured. Bitcoin Charlie will be 'vault guy' for Phase One, which ends on January 1.]

But the silver doesn't leave the coffee can in the garden.

The 'glue' of the project is your conviction that the silver is there. The option of 'calling out' the vault guy exists (I suggest the caller-outer pays the postage); but a calling-out would signal mistrust (but you would still do it if you felt it was appropriate!)

The benefit of the project is that we can trade silver without the risk and difficulty of mailing it internationally.

[The Hedges Project in no way reduces my enthusiasm for the trading of physical silver among the 'national chapter' members. In Oz, for example, bullion can be insured in the post.]

# 'win-win'? It's a market place. Traders are trading. But no one is gonna make or lose much in Phase One. This is an exercise in trust-problem-solving.

Guys, IndiaMikeZulu has a strong interest in theory. We have -- in our underfunded and tiny way -- already pulled off a range of pretty far-out projects.

For instance, we undertook -- two of us and a kitty of a thousand bucks -- to introduce cryptos to an entire town. ('Denmark W.A. Crypto Town') And we already have also completed a project involving a physical alternative currency backed by cryptos and bullion.

In essence, Hedges allow Uno lovers to 'put out a steadying hand' into the silver bullion market (in a tiny tiny way, and without the bullion leaving the coffee can . . . ). [Benefactor expresses this lucidly above. He clearly 'gets it.']

I have already posted one thesis:

if Uno drops in value, Hedges will attract a slight premium in price (because a community member knows she can simply 'step across' to Un-Ex, and 'step into' a Hedge or two, which puts bullion in her portfolio, and reduces her exposure to Uno at that second).
IMZ
legendary
Activity: 1498
Merit: 1000
October 07, 2014, 05:41:53 PM
I am here, guys! Catching up now.

@ Benefactor:


# Hedges on the blockchain! Let's do that, though they will debut non-crypto. Tryin' to figure out this aspect of the project was (is) the most difficult.

# A back-up Uno address is a good idea. We shall use Ian's.

# How about Phase One (which is specifically what we are discussing) ends on January 1, 2015?
The 'governor' of this project, Benefactor, will be the degree of interest. If it's a flop, it will be the work of a moment to 'unpack' it. If it is a success, we will have the energy and incentives to rejigger it.

# The issue of postage -- could the caller-outers be responsible for that? It would make the arithmetic easier (and, of course, we don't expect that there will be any postage costs involved).

hero member
Activity: 1260
Merit: 504
October 07, 2014, 04:25:59 PM

lol yeah. I'll be putting some on MP later. Also, I plan to hand out some free UNO on twitter (after the halving)
I sent you an extra kilogram of UNO, since you bought my 100th-UNO trade.  'Been planning to do it for a while.

Detailed minutia for readers:  (There is an extra 100 UNO in my current "220 UNO" tally for the insurance I sent to FallingKnife for the Blue Crypto Award project.  (Not actually project funds, but my personal funds.))
member
Activity: 80
Merit: 10
October 07, 2014, 04:02:23 PM
More support at mid 8 now. Anybody want to sell at 87 or 88?
I'll take that, but only up to 30 UNO.  0.00875.  Send according to the quantity {10-30} that you want.  (i.e., 30 UNO for 0.2625 BTC.)

You would send BTC first, as I have the seniority:  BTC:  1AvPYxy7Qs5oT8AcDvqrbGiXQSJmsjjeXB

Will have to raise my Ask after that trade to 0.009.  I was hoping to serve more patrons below that.  Sad

You've got more volume than MP!  Shocked

You need your own thread now! BENE-EX

 Cheesy

lol yeah. I'll be putting some on MP later. Also, I plan to hand out some free UNO on twitter (after the halving)
hero member
Activity: 1260
Merit: 504
October 07, 2014, 04:01:22 PM
(Total Volume Traded to Date:  220 UNO; 9 Trades)

Offer Code:  BeneU013
I have 30** UNO to sell for 0.2625 BTC.  (Price = 0.00875 UNO/BTC)

* TRADE EXECUTED *  with:  Korlic!

**Quantity raised by agreement

-

Still a 0.0003 BTC spread!  The lowest in Unobtanium!

For more trade offers, visit the (link):  BeneX Shop Window.
hero member
Activity: 1260
Merit: 504
October 07, 2014, 03:48:41 PM

You need your own thread now! BENE-EX

 Cheesy

Nevar!
member
Activity: 80
Merit: 10
October 07, 2014, 03:43:02 PM
More support at mid 8 now. Anybody want to sell at 87 or 88?
I'll take that, but only up to 30 UNO.  0.00875.  Send according to the quantity {10-30} that you want.  (i.e., 30 UNO for 0.2625 BTC.)

You would send BTC first, as I have the seniority:  BTC:  1AvPYxy7Qs5oT8AcDvqrbGiXQSJmsjjeXB

Will have to raise my Ask after that trade to 0.009.  I was hoping to serve more patrons below that.  Sad

Thank you very much! Grin Grin Funds have been sent

Please send UNO to uc1cPzLsan1rztg99uZ4Tu9zuR4ojzVdqw
hero member
Activity: 1260
Merit: 504
October 07, 2014, 03:42:55 PM
More support at mid 8 now. Anybody want to sell at 87 or 88?
You've paid already!!!  I still need your UNO address to send to.  Smiley
legendary
Activity: 1260
Merit: 1001
October 07, 2014, 03:42:19 PM
More support at mid 8 now. Anybody want to sell at 87 or 88?
I'll take that, but only up to 30 UNO.  0.00875.  Send according to the quantity {10-30} that you want.  (i.e., 30 UNO for 0.2625 BTC.)

You would send BTC first, as I have the seniority:  BTC:  1AvPYxy7Qs5oT8AcDvqrbGiXQSJmsjjeXB

Will have to raise my Ask after that trade to 0.009.  I was hoping to serve more patrons below that.  Sad

You've got more volume than MP!  Shocked

You need your own thread now! BENE-EX

 Cheesy
hero member
Activity: 1260
Merit: 504
October 07, 2014, 03:31:36 PM
More support at mid 8 now. Anybody want to sell at 87 or 88?
I'll take that, but only up to 30 UNO.  0.00875.  Send according to the quantity {10-30} that you want.  (i.e., 30 UNO for 0.2625 BTC.)

You would send BTC first, as I have the seniority:  BTC:  1AvPYxy7Qs5oT8AcDvqrbGiXQSJmsjjeXB

Will have to raise my Ask after that trade to 0.009.  I was hoping to serve more patrons below that.  Sad
member
Activity: 80
Merit: 10
October 07, 2014, 03:22:47 PM
More support at mid 8 now. Anybody want to sell at 87 or 88?
hero member
Activity: 1260
Merit: 504
October 07, 2014, 03:20:47 PM
I will provide new BTC Talk Trust rating. Will you please be so kind to do the same once the BTC is confirmed?
Done.  Thanks for everything!

I hope other people who've transacted can leave ratings for me, too.
hero member
Activity: 1260
Merit: 504
October 07, 2014, 03:07:21 PM
That was the quickest transaction on here, ever!

-------

(Total Volume Traded to Date:  190 UNO; 8 Trades)

Offer Code:  BeneU12
I have 10 UNO to sell for 0.0865 BTC.  (Price = 0.00865 UNO/BTC)

* TRADE EXECUTED * with:  BitcoinCharlie!

-

Still the same tight spread!....

For more trade offers, visit the (link):  BeneX Shop Window.
legendary
Activity: 1260
Merit: 1001
October 07, 2014, 03:04:31 PM
(Total Volume Traded to Date:  180 UNO; 7 Trades)

Offer Code:  BeneB009
I have 5 UNO to sell for 0.0245 BTC.  (Price = 0.0049 UNO/BTC)

* TRADE CANCELLED *

-

Market has stabilized, new orders up:

Bid- 10 @ 0.00835; Ask- 10 @ 0.00865.  Tightest spread in Unobtanium!!   Cheesy

For details, visit the (link):  BeneX Shop Window.

Benefactor, I will buy 10 at .00865.

I will send to your listed BTC address.

Please send UNO to:

ugoTunoqRbnpUXyMPL8Cf4bFRwAoBREHDU
UNO Sent!

UNO Received, BTC sent, TXID:

724232b71ea656f46f9f16fa6547c8a861b6ed158ebf3ba2dfb1adc0a1738f9c-000

I will provide new BTC Talk Trust rating. Will you please be so kind to do the same once the BTC is confirmed?

Thanks for a quick. smooth trade!

Also, if for some reason there is a problem with the BTC fee not coming through, let me know. I sent a little extra to cover it, but I'm not really good on knowing when it kicks in, if at all...
hero member
Activity: 1260
Merit: 504
October 07, 2014, 02:50:44 PM

Benefactor, I will buy 10 at .00865.

I will send to your listed BTC address.

Please send UNO to:

ugoTunoqRbnpUXyMPL8Cf4bFRwAoBREHDU
UNO Sent!
hero member
Activity: 1260
Merit: 504
October 07, 2014, 02:42:00 PM
Can't i just do this on my own by buying silver right now? More so in usd which are known to lose value due to inflation. I am confused. Are there normally fees and such involved with this sort of thing? How does anyone make money on anything if people are win-winning? Someone has to be at a loss if someone is winning?
You could, but then you would have to dump UNO on the market to convert, and you would have high friction (fees, conversion loses.)  Plus, you wouldn't have easy convertibility BACK to UNO when you were ready for it.  (When more merchants pick it up, price bounces off low, etc..  Wink  )

It's more like profit-sharing, but the explanation is complex.  Those with silver are willing to forego silver price fluctuations and trading to hold more UNO.  Silver holders hedge with UNO.  UNO holders hedge with Silver.

Some of us just keep a bunch of both.    Cheesy  Grin  Cheesy

-

NOTE:  Still don't have confirmation from Mark that I understand all of this correctly.
legendary
Activity: 1260
Merit: 1001
October 07, 2014, 02:40:00 PM
(Total Volume Traded to Date:  180 UNO; 7 Trades)

Offer Code:  BeneB009
I have 5 UNO to sell for 0.0245 BTC.  (Price = 0.0049 UNO/BTC)

* TRADE CANCELLED *

-

Market has stabilized, new orders up:

Bid- 10 @ 0.00835; Ask- 10 @ 0.00865.  Tightest spread in Unobtanium!!   Cheesy

For details, visit the (link):  BeneX Shop Window.

Benefactor, I will buy 10 at .00865.

I will send to your listed BTC address.

Please send UNO to:

ugoTunoqRbnpUXyMPL8Cf4bFRwAoBREHDU
member
Activity: 80
Merit: 10
October 07, 2014, 02:36:23 PM
Lol @ Korlic, yeah but that is too vague mang. Are we talking a ton here? 500? Maybe someone might wanna sell at volume now, divulge as much as you are comfy with though.

I don't know if we would be able to meet on middle ground at this point, but if you were looking to purchase in some type of large volume someone might be willing to give you a little break on things.

Never hurts to ask! Good luck in your acquisitions!

I'm thinking around 1-200 for right now. Anybody want to cash out before the "bitcoin storm"?
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