If anyone is at a loose end, check the 365-day charts of every coin above us. Ix Coin leaped back into the top ranks a month ago, but our old foe Mona Coin has slid under the mark.
m
that's correct. Uno is pretty much the only coin that in a whole year didn't loose you money for holding it. But people think it is not interesting because it's not so volatile
When will they wake up?
You are absolutely right. It's a different animal altogether. UNO is the closest thing to digital bullion, imo.
There is nothing else in the cryptosphere embodying the characterstics of uno that is viable.
If we were to setout today to create a digital bullion equivalent, that is something digital that could be a store of value and that would be desirable to hold in and of itself; not simply a gold-backed piece of digital paper....
We would want an indisputably fair launch with no instamine.
We would need a reasonable period of time for distribution (pow mining) at least a couple of years
We want to get to a point rather quickly of low inflation, so that investors can feel comfortable holding it without the specter of having their holdings rapidly diluted
We wouldn't want POS, which is the equivalent of paying someone off in fiat and introducing inflation.
We would want it to be a reasonable, fixed quantity on a known production schedule, without any superblocks or hidden blocks
We'll want a tiny long term inflation to help sustain the network.
We would want no pre-mine that would reward a small group of individuals and place the ultimate destiny of the commodity into the hands of a few individuals. In this regard, UNO is better than gold; imo gold mines owned by huge corporations or governments which can ramp up production whenever the price suits them, is the real-world equivalent of a pre-mine. They already control the known gold reserves. Same with DeBeers and diamonds.
We would want a history and longevity proving that there is an active market and interest in this commodity.
The leap that is difficult for people to make is: how can a string of jumbled cryptographic digits be a commodity? How can it be valued?
Gold, afterall, can be felt and it's luster appreciated; it's beautiful. Beside it beauty are usefulness in industry, and for jewelry.
How could a string of digits ever be a commodity.
Part of the beauty of a commodity like Uno is its rareness; not rareness in just the quantitative sense, but also in its fair lanch. It is truly a rare form of value/exchange, the embodiment of fairness from the very beginning.
It's better than gold in the area of storage and transportability. Ukraine's gold reserves were not instantly wired to the NY Fed; it had to be flown out on a transport plane.
Utility?While it will never be used to build circuitboards, it can be used to buy circuit boards. UNO has the ability to be used in commerce in ways that would be difficult to do with gold today. It has the same benefits of bitcoin or any other cryptocurrency, as well as having the unique attributes of fairness/rarity/community/longevity. For example UNO is easily divisible, instantly transferrable, easy to store.
UNO is a different kind of commodity. It embodies the unique and unusual characteristics of fairness that Blazr2 gave it at birth, which sets it apart from just about anything else. It embodies the utility of cryptocurrency, and the rareness of a desirable mineral. And it has guaranteed low inflation (something you can't promise even with gold & diamonds, since more can always be produced if the price supports that.)
The world has never seen anything quite like this. So I agree with you smalltimer. The challenge is helping people understand what this thing is, how it's different, and what it's good for. When people understand what it is, they eventually get it.
Fairness IS an innovation in crypto. Someone has to sacrifice to have fairness, and Blazr2 was that guy; he sacrificed in a way that I haven't seen anybody sacrifice since. Zero holdback, no schemes to enrich himself. He even paid to scrounge a few early Uno for the faucet he set up.
In a world of scams, if a coin doesn't have fairness at day one, it can never, ever be made fair later. Ever.
Uno now has 510,883 blocks of fairness. One year solidly behind it. New coins? Not so much.
Critics can say Uno was pumped by Wolong (old news), or is being pumped (whatever)... but they can never say it wasn't launched fairly.
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