Topic: $XAI Sapience AIFX - Decentralized AI | 11% PoS | PlumeDB,IBTP on Testnet - page 23. (Read 150249 times)

Dude, runpaint you got serious points from me for Captain BeefHeart man.....WOW!!!!

Welcome to the community!

Hello XAI community. I think I'll buy in to your coin. Continue with the nice development work. Thanks!

How is it supposed to do that, since it functions exactly like every other altcoin?  Anyone who wants to buy urea would be able to do it better with Bitcoin rather than trying to use Uro. 

This is an important concept to understand for Bitcoin and all altcoins - what gives them value?  By saying that a coin needs to be "backed" by a commodity, you are saying that Bitcoin and other altcoins have no intrinsic value.  Ironically enough, Uro isn't backed by a commodity itself.



In theory, as opposed to actuality.  What you mean is that it doesn't work like that, at all, and in fact Urocoin has nothing to do with urea, or the price of urea, and you can't even buy urea with it.



The price of URO has gone up and down more than that, and more rapidly. 



But it's not a futures contract, in any way.  It's an altcoin, which means it is exactly like Bitcoin except not as good.

People are selling Urocoins, but these people don't own any urea.  They're selling an altcoin, nothing more, which means it has no value other than the proof of work and electricity it takes to generate coins and maintain the network.

If Uro was "tied" or "pegged" to the value of urea, then how could new coins be generated with X11 POW at the rate of 100,000 coins per year?  Is the Urocoin network generating 100,000 metric tons of urea every year?  No, because Urocoins have nothing to do with urea.



How is it different?  Just because you're telling people they're only allowed to spend it on 1 thing?  That doesn't actually make it any different - Bitcoin can do everything Uro can do.  Anywhere you can trade Uro, you can also trade Bitcoin. 



Was there a huge crash in the price of urea?  No?  So, again, Urocoin has nothing to do with urea.



You're the only one talking about the color of people's skin, racist.

The purpose of Urocoin was never to overtake Bitcoin or argue its better, just to bring some stability to an unstable market in the commodities world.

The reason for "tokenizing" Urea is a farmer could in theory buy Urea at today's price, hold onto it for a year, and if Urea prices spike he could exchange it for Urea at last year's prices. In a world where fertilizer prices can go rapidly up and down or vary by region by as much as 20-30% or more this would help 3rd world farmers out tremendously to be able to invest in what is essentially a futures contract on a digital token. It's NOT a currency in the traditional sense like Bitcoin.

It's actually a really good idea if people read up more on it but it's not sexy like anon coins , it's fertilizer, but Urea is what allows 50% of the world to eat. This is why I think there as so much distrust about Uro, it's made by "brown" people in a boring industry by people who have no experience in the marketing or social media world, and don't know how to react to the nastyness and fud around here. It was destined to fail with all the young and naive people in this forum. However its success won't be from crypto kids with their 20 dollar investment but from importers one day bringing in millions of dollars of buy volume should it take off.

Anyway I don't want to hijack the XAI thread I just see even after 10 months alot of people don't "get" URO and most of the reason why is because they were never educated about the facts because 200 pages of FUD popped up in 48 hours to dispel the coin's price. It's actually in the same position XAI is, XAI is so above level most daily pump and dumpers heads around here that it will take time for its true value to be recognized.

Anyone if anyone wants to debate me more on it find me on freenode, mikegeister in #uro and many other rooms.

Because people are idiots and they think Bitcoin "isn't backed by anything".  Nobody needs an altcoin to buy urea;  they could buy it with fiat.  Or buy it with Bitcoin.  It serves no purpose, and it has nothing to do with urea.  It's just another altcoin.



Yeah all the good names like crazyloaf were taken.  I hope you can see me rolling my eyes, because I'm rolling them as hard as I can.

https://www.youtube.com/watch?v=m1yPx_eHk_A

Random pictures? Dude there is video of the CEO talking about Urocoin

https://www.youtube.com/watch?v=0oDsxU2hlx0


You do know they held in event at a 5 star hotel in Hong Kong last fall right? Gritt from Blackcoin was even there as a guest speaker. They even paid for several supporters plane ticket and 2 night stay there.


http://cointelegraph.com/news/112832/urose-2014-conference-what-we-should-expect-from-urocoin


I'm not saying the coin will succeed but lack of money won't be the reason.

Maybe because the CEO of GES has done business with the president of an entire nation and has a billionaire brother in law?

https://bitcointalksearch.org/topic/m.10902548


It's amazing how everyone dumped their Uro because they believed a bunch of 4chan kids showing up out of nowhere yelling "piss coin" over and over somehow discredits it. I think we'll see who has the last laugh in the end though.

Donkey piss?  Are you talking about URO coin?

Sure thing, you hit spot on i only have 0.01 in xai.
Its very good that you know what my holdings are, so i dont need to remember it.
How did you come to conclusion i am "swinging around your 1 BTC like you're hot shit"?
Anyway, have a nice day!

Wow, good mood today?
Have a nice day to you too!

Thnx for cheap Xai 
Keep dumping, i am waiting 
Happy staking!

Wow price has gone down far since I last checked in when my pricing model attempts. Can anyone explain what has happened? Last time I was here I said price was going up from a pump. Now why is it so low? Any altcoin experts know why?

Yep, honestly with your investors is worth its weight in....BTC 

Keep up the good work !

Thanks for the update Joe!

 But in the crypto world, of course, we know that the space-time continuum is....compressed [/i]
[/quote]

LOL. Wow how true!! Spot on man. Thanks for update. Nice to hear an honest opinion on things and timelines. Excellent!

There's a lot of great tech coming for this coin, the AI Core is just the beginning really... it is a lot of work but will be worth it in the end.  I'm working to get a series of things out the door, life stuff comes up and hence some delays, but that doesn't change what's coming.  I'm also trying to position things so that I can continue working full time on this past April for the foreseeable future, which would be ideal so we can keep cranking stuff out.

I know dev news will help drive the hype and all that - I get how it works, I trade too , I can't necessarily let that drive what I'm doing - but I am aware.  Crypto markets move in natural cycles  From a trader perspective one issue/challenge with this coin has been that holders are holding on really tight, so the order books have always been super thin, and thus the volatility is pretty high in terms of the potential price swings on very low volume.  It's natural.  It can also be pretty frustrating if you want to accumulate without buying it up etc. and I know this has been a challenge in interesting some traders in getting into this.  Just have to have the patience to slowly accumulate the drips and then ride the waves when they come.  Ok, I'll take my trader hat off now.

So we have AI Core coming that I've been talking about, and then we have a strategy to open up and capture a new market that I think only I/we have the actual capability to achieve in rapid fashion.  The AI Core stuff is hard/complicated, all the other stuff is relatively easy for me to bang out.  So we'll get through the AI core traffic jam and then step on the accelerator again.  TBH the hold up on the AI Core drop has not been tech or coding related, but just life related, shit happens that ties up my time, and then we continue on.

I did try to provide the platforms with the forums, etc. for the community to kind of spark, its been relatively flat but I suppose that is just the nature of the market right now.  I think as we get into this next cycle of releases the pace is going to pick up again.  I would also like to redesign the announcement post and get some better marketing materials together, we have some work going on on that but it may not coincide with the next drop / may come some time after.

Thank you for your patience

edit:  And this stuff is coming soon.... It's not going to be like NautilusCoin with the POS fork that was coming for months and months and months and months  To put this into perspective, I built this entire platform in less than 3 months.  Compared to any enterprise project of similar scale and scope, that is an insane pace.  But in the crypto world, of course, we know that the space-time continuum is....compressed

Volatility... well ridiculous volatility hehehe... is kinda normal in crypto world. Especially for a new project.
You do your research about artificial intelligence, read joe's OP, watch the video's... and make your decision.

The price drop is out of the dev's hands imo. Till now we have seen that Joe delivers everytime he says he will (perhaps couple of days later, but i rather have stable releases then releasing stuff because the date is due)
If you have any valid questions .. or any at all , joe or other members of the team will respond asap. All these things considered, i think price is at this moment.. not that important.
We are trying to establish a new technology.... takes time and effort.
Price : we started at 20k ico........ price still above it...... not bad no? 

He did, AI drop soon

read above

be in it for the tech not the price

Joe, please give us an update. Price is dropping drastic. Thanks.