Anyone in Unosville looking at crypto investments offered at Bank To The Future? https://bnktothefuture.com/search/pitchesI'm looking at the Bitcoin Capital Tranche 2 "high risk, high reward" fund managed by Simon Dixon and Max Keiser. Daily dividends paid in BTC from mining + crypto investments + venture capital gain/loss down the road. I'm looking to ROI and then use a percentage of gains to buy more UNO. I can't even speculate what the upside could be, but I know the minimum investment amount is $1,000 USD or BTC or START equivalent. Welcome new UNO buyers, hodlers, traders, scooping up UNO at this August 2015 price level. I've been buying 1) UNO, 2) START, and 3) POT in July. |
|
|
|
We may be heading into piranha territory..  |
|
|
|
As for the wider question of utility in crypto, well yes it is certainly an interesting question. For the average person I don't think it does bring much - complicated and difficult to use, when compared to the standard bank account or credit card they are used to.
Considering the average person using a commodity like gold or silver might be a better comparison with all crypto, but with $UNO specifically. I also understand what you're saying with easy everyday transaction methods people access now compared to anything blockchain. |
|
|
|
Hmm .. "uptrending" measured how? If against BTC, then you need to allow for the downtrend of BTC.
And really 50 or 100 people buying and holding is not, in itself, utility, is it?
$UNO exchange rate = UNO/BTC. This is what's been uptrending for the last year. The utilization question toward crypto in general and $UNO specifically may have more to do with expectations vs. execution. There's high expectations and optimism in crypto. Can we say that $UNO functions as crypto-commodity store of value and show data to back it up? Maybe the utility is still evolving and not completely apparent yet, it's still early. Anyone want to speculate what the next year will hodl for $UNO? |
|
|
|
... because the long time members here have been accumulating for almost 2 years, and they want to buy more ...
I think this is a problem actually - hardly anyone actually uses UNO (or indeed most cryptos to be fair), they just sit on them, in the belief the price will go up. Unless it is actually used and has utility then no "currency" crypto or otherwise is going to succeed. Crypto-commodity $UNO store of value has uptrending exchange rate for a year now. This is the utility that $UNO has offered and will continue to offer to any takers. With $UNO I think it's more than belief that's causing folks to buy and hold. It's challenging to get the $UNO message and story out there to the potential next 1,000 new wallets. I keep buying a little every month. |
|
|
|
I once held equal parts Diamond (DMD) and Unobtanium (UNO). Just getting home and seeing $DMD rise - wow! Gives an idea of what $UNO could do. I'm getting ready to buy more $UNO for this month. Stock markets in China not doing so well. Maybe they need to buy a little $UNO too.  |
|
|
|
|
And so I am clear on this: Crypto Guild/Un-Ex is basically an online meet up for $UNO crypto-commodity enthusiasts? Bitcointalk ANN thread, Reddit, and unobtanium.uno are focusing on info and ideas most decisive in obtaining the next... 100? 1,000? new $UNO wallets?
|
|
|
|
Don't be confused - all this points to (scrypt vs SHA) is this: the harder it is to mine an otherwise identical coin, the higher its cost of production. Factors that tend to increase cost of production therefore increase the exchange value (as evidenced by the data and statistical analysis).
In terms of the data the t-statistic was very highly significant (p < 0.0000) for that variable.
It is comparing apples to oranges with ASICs, but the point is that the higher the cost of production the higher relative value.
Thanks for popping in with this clarification. What Factors Give Cryptocurrencies Their Value: An Empirical Analysis - http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=2372041"The model may be able to offer some insight into the value of bullion or metal-based commodity money, if there is enough theoretical basis to draw analogies from.... If this is even loosely the case, it may provide some insight into cryptocurrencies as being more aptly branded 'cryptocommodities'." 2 other papers there also. A Cost of Production Model for Bitcoin. And, The Decision to Produce Altcoins: Miners' Arbitrage in Cryptocurrency Markets. |
|
|
|
may be boring but my bet is LTC on the halving pop and if/when BTC ever pops *ducks ...I"m sure I'm gonna be shown the 'error' of my ways about the above!  Nothing wrong with boring. |
|
|
|
|
Altcoins can be traded for stuff in person at a meet up, for example. Also, there are exchanges that facilitate fiat to altcoin trades. And altcoins can always be exchanged for other altcoins. Bitcoin isn't needed for any of these markets. Worthless independent of bitcoin? Maybe. I'm sure the market would have something to say about it.
|
|
|
|
What is this shit? Are we getting the full Bryce Weiner discount now?
Some buysupport/pressure would be good, guys.
The largest wallet on Bittrex just added 25+ more $UNO. Why are they adding to their $UNO stack? Well, readers of this forum know the answer. I'm waiting to see if BTC takes a dip this coming week so I can stack more $UNO as well. |
|
|
|
|
Make no mistake - it's still $UNO early adopter time. Welcome to the newer folks learning about $UNO for the first time and to those giving $UNO another look.
|
|
|
|
|
Seems altcoin trading volume is down across the board. It must be hard for smaller exchanges like Comkort to meet operating expenses with the thin trading volumes.
Is Coins-e exchange under denial of service attack recently? I'm getting a warning message that says site may not be secure.
$UNO/altcoin pairings are worth checking out on Bleutrade and Cryptopia exchanges (kind of wish I hit the UNO/LTC and UNO/DOGE trade a little harder before recent rise in LTC and DOGE). Also Ripple (XRP)/UNO trade on Cryptsy got my attention after that epic dump.
|
|
|
|
I'm having the same problem, MichaelNZ. It seems that the "developers" created a hard fork but didn't provide a Win 32 wallet along with it. That's completely mind-blowing to me, as Win 32 wallets were being used by many people I'm sure. Unless I'm missing something . . .
You're not missing anything. What can we do, but be patient and wait. Along these lines - I sent 40 $UNO from Bittrex to Coins-e exchange that haven't arrived for more than a week. I assume it's related to this issue. Hang in there. |
|
|
|
So he concluded that the Scrypt algorithm somehow gave a coin it's value? That doesn't even make sense and makes his conclusion suspect. Bitcoin dwarfs all other alt-coins combined in terms of pretty much all those factors and does not use the Scrypt algorithm, therefore the Scrypt algorithm has absolutely nothing to do with it.
Here's a link to the episode: https://letstalkbitcoin.com/blog/post/the-bitcoin-game-18-jeremy-gardner-adam-hayesHe looked at "66 commonly traded altcoins against bitcoin". So in his analysis, of those alts, Scrypt algo apparently did better over other algos. I'm not sure what time period he used, but you know crypto - much can change quickly (see $UNO hash rate). I think he did solid work using the data he had available to him at the time. From the sound of it there was visual info accompanying his presentation - I'd like to see the $UNO data. As it is - I thought the info was very positive for Unobtanium. |
|
|
|
So why the isn't any of this reflected in the price yet? Maybe the dump spent our allowance for the month early, or maybe it trained us to sit and wait for more dumps. Whatever, I think it's time to consider Uno underpriced. I see Uno as a million dollar cap coin today, and much higher tomorrow. Imo.
Yeah - a little cautious here, but moving bids up higher now. I think anything 0.0120 and under is a super deal. I'm waiting for payday trying to get a bargain for now. Saw some crypto golden oldies pumping a little this last week. $UNO is golden oldie plus more. |
|
|
|
What exactly is unobtanium in a sentence?
Unobtanium (UNO) is like Bitcoin (BTC), only more rare (250,000 total supply) and less inflationary (daily coin production available for miners to sell into markets to pay costs). |
|
|
|
|
Show Posts
