Topic: Unobtanium In-House Exchange - page 95. (Read 104918 times)

With personal trust relationships when someone screws you they screw the community and the community can punish said screwer appropriately. If a butcher sells bad meat you don't buy from him. Doesn't mean much in a busy city but in a small town, in a small intimate trust environment... you don't shit where you eat.

It's a concept that seems lost on the internet, however with the right community it can thrive.

re: escrow

yes, I haven't earned my stars just yet.  but someday I hope to just mostly trade here in house.  [[quietly establishing branch divisions of UNO Industries at the moment]]

ripple was based on the Trust chain model.  For them it is a clusterFk, but for In-House it might just do the trick.  A trust B.  B trusts C and C trusts B.  How does C trade with A?  

So I hope the standard In-House custom is free escrow once a 'common' friendly link can be identified.

If the exchange grows and grows then maybe a move towards secured bonds (for the new guy) held by long standing fellows.  The 'halo' model of BC/NXT is a good method too.  And the EZ way --> parse it out.  [in the end it will be whatever becomes that's the way it is done around here].

On the first one, Trust chain model, by default we can pledge / underwriting each other.  I already have moved in that direction.  So if I say Mr.X is cool for 5kg, and you can prove he did you wrong.  Then I will cover your loss up to 5kg.  Old school rules.

i think escrow makes sense in case you trade with someone who you don't know/trust or in case of larger trades. As this exchange becomes more known and established scammers could try their luck over time on the thread. Escrow helps reducing the attack-vector, i think.
Thought there could be demand for escrow sometimes in the future. Enables potential larger trades too after my escrow is trusted.

Sure you can link it.

I could think about offering confidential trades too, where buyer/seller just messages me and i announce it for them on the thread so they don't need to be public about their trades. That could also be possible. Anonymous trading ads another usecase.

@ Benefactor and Sirsmokes: yeh, we're on the right track with the 'national-info' thing. It was not at all easy to figure out the relationship between Perth Bullion and Australia Post; but I did, and it will serve us well. Aus Post is crackajack. By the time we can buy bullion in crypto, and have it insured in the mail, we will be humming.

@ heads up on Pandacoin: no, I'm not a closet Pandacoin troll -- watch this. Surely there is something to learn about our strategy:

https://www.youtube.com/watch?v=GNBn5jPuyEA

m

You might get an all-gold carriage from the nappy queen of England.  Pawned by Scotland?  (I think she just got a new one, anyway, but could be mistaken.)  Pay in UNO!

Woo hoo! Looking forward to receiving my 1/10 Troy Ounce .999 Gold 50 Yuan panda from BitcoinCharlie

As far as mailing is concerned. Certified mail was incorrect, i don't believe there is ANY insurance built into that product. Priority mail with tracking has a built in insurance of like 50 bucks or something. You can buy domestic insurance for up to 250 dollars, black label, which does not require a signature. Signatures are required to prove delivery happened in a lot of cases. There is a blue label for insurance, international is what it says i think. That is up to 500 dollars and requires a signature upon delivery. So the clerk was not wholly incorrect with selling you the certified mail as it comes with a signature and you can get a return receipt. Although i think you can toss a return receipt on a lot of different things, i would ask the clerk about that one, maybe a diff clerk than the one who told you to go cert though Registered mail is the safest bet, not the quickest, but i don't think regs ever "get lost" in the mail. They are signed for portal to portal and someone is held accountable for them at every step of the process. I am not a clerk so i am not 100%, but i try to learn as much as i can about the products my employer offers. I think priority mail is the best bet for the most part.

Mark, what happened with USPS is my local postal employee made me send the AG certified mail which requires the recipient to personally sign for the article. Unfortunately, vector was not around at delivery time and then the local post had misplaced the item. Typical of a government agency.

In the future, I will refuse to send that way. Fortunately, in my trader with Sirsmokesalot, Priority Mail was the method and there were no issues whatsoever.

I believe that I am on the cusp of the first AU deal and will provide shipping details after the trade is completed.

Cheers!

Un-Ex
11/9/2014 (Western Australia)

Price: 'solid': .0043/.0038

https://www.cryptsy.com/markets/view/133
https://bittrex.com/Market/Index?MarketName=BTC-UNO
https://www.mintpal.com/market/UNO/BTC

Trusted Traders:

# Wickedsick, two stars
# IndiaMikeZulu (Mark), two stars
# Edgar, one star
# Falling Knife, one star
# Bitcoin Charlie, two stars
# Vector iso, one star
# Ian (IMZ), one star
# Benefactor, two stars
# Sirsmokesalot, one star -- but a big (bullion!) trade, two stars a-comin'

Physical-Bullion on Un-Ex:

congratulations, Vector.iso!! We will be talking about this years from now.

And here is BeneX

And ask V500 about escrow.

No. I can't give me a second star 'cause I am not in charge. Protocol by consensus!

[But soon? Mu ha ha ha! A scarlet uniform with gold braid, and a pointy hat with emu feathers, and a leopard on a leash, and a carriage drawn by forty-four white horses.]

Glad to be a part of it with you! Again, sorry that the USPS tried to stop history from being made!  

Today I hold in my hand the first ounce of silver to be transacted publicly for Unobtanium.

Thanks BitcoinCharlie!!

LOL

+1

Can't you just give yourself another star or two, since you are in charge?   

all good from my side...give this guy another star! 

Trade WS 001 complete

And don't forget that only you guys can recommend me for a second star.

m

I can do a 2014 sealed 50 Yuan Gold Panda. It is 1/10th troy ounce AU. It will run 86 UNO. I cannot ship it until this Friday (two days from now), however. Please PM me if interested.

pm sent

@ Benefactor: UNO received. Trade BeneU 003/4/5 complete.

11.22 UNO Sent!

-------

(Total Volume Traded to Date:  60 UNO; 4 Trades)

Offer Code:  BeneU003
I have 5 UNO to sell for 0.020675 BTC.  (Price = 0.004135 UNO/BTC)

* TRADE EXECUTED * with:  IMZ (Mark)!

Offer Code:  BeneU004
I have 11 UNO to sell for 0.0484 BTC (Price = 0.0044 UNO/BTC)  1 UNO SOLD

* PARTIAL FILL * with:  IMZ (Mark)!

Offer Code:  BeneU005
I have 5 UNO to sell for 0.021 BTC (Price = 0.0042 UNO/BTC)

* TRADE EXECUTED * with:  IMZ (Mark)!

-

BIDS HAVE BEEN RAISED!!!  The best static bids in Unobtanium! 

For more trade offers, visit the (link):  BeneX Shop Window.

Yes and no, Bitcoin Charlie. Have had one nibble for a 10-oz bar. Must PM the coiner. We are meeting this month with the manager of a reputable bullion-dealer: softly softly. Of course, they will begin with BTC; but we will work to have Unobtanium accepted a little later.

And we will focus on the 10-oz silver bars for Un-Ex trades: yes, they are much more expensive; but much better value ('cause of the postage and premium). The higher price will mean the project takes longer to get underway, but it will have deep roots.

I look forward to all your thoughts on this project.

M