Brokkir has lot's of great ideas.  He's currently looking into other things, such as coloured coins, POE, merchant/retailer integration and is also looking at adding more members to the team.  Indeed he is currently in discussion with a potential new team member right now.

I agree. Brokkir is a bit wary as it can be difficult to set the correct interest rate.  So we would be grateful for opinions on this from people who have more of a grounding in economics.  Just to be clear Proof of Stake just alters the way coins are produced with the rate being dependent on interest (rather than block rewards/block time with mining).  The coin total can be kept the same.  Since less "work" or energy is required the growth of coin supply is normally slower than with mining to prevent the market being flooded with coins.  The aim is to have an interest rate that is high enough to ensure continuing utility of the coin without growing the market too fast.  Any suggestions for what the rate should be? My personal opinion is a maximum rate of 5% per year.

Guys this is just a what if?  What would you think about moving to POS?  Would love some opinions.  Not up to me of course.  It's up to Brokkir as it is his coin but might be worth discussing.  I was thinking moving to POS at 2m or 2.5m coins approx then coin supply increasing slowly through POS, rather than mining, whilst retaining the same total coins.  That would compensate for long term inflation (at least several hundred years if done right).

Hi,

Any further thoughts regarding the wallet enhancements?

AA.

Yeah Brokkir said he was working on it. Apparently it was an issue with the hosting company.  I think he'll be at work now.  He usually gets back in the evening (my time, UK).

This coin is a massive opportunity for someone with a few BTC.  It will take just 12 BTC on Bittrex to get the price from 3K satoshi to 123K and remember the only other exchange it is on is Comkort, with about 0.2 BTC worth for sale there.  Remember it's a very scarce coin and very slowly mined:)

Yeah guys you might be right.  It might just be business people not being too hot on the superficial side of things.  I just think it makes sense to ask questions and be suspicious.  We all need a bit more of that in crypto.  I would never have thought that SC was a scam.

Yes I would agree.  May not be a scam but too many questions unanswered.  Also calling it URO show a lack of marketing nous.

Try buying a million tonnes of petroleum.

Actually the announcement doesn't answer any of my questions but thanks.

Yeah I was thinking they'd be able to signpost me to whoever would know.  I'm assuming they have a specialised PR person to handle social media, I doubt it would be the actual officers themselves (obviously too busy).

Yeah I'm in the UK so I don't really know who deals with these things.  Maybe they'll tell me to get lost or something but worth a try:)

Well I wasn't sure if there were any local UK bodies I could ask about this, but I found a link for the ATF in the US.  They would probably be able to say so have tweeted them to check too.

Well I'm not trying to convince you.  I'm just saying ask questions.  If it makes no difference what is the purpose of the currency and what exactly do you think it means for a currency to be backed by a commodity? 

Also I've had another look and the "URO protocol" document looks like a fake to me.  Just doesn't look like an official document.  It looks like something someone would produce if they wanted to make something official looking to fool people who don't know better.  Just look at it. 

Anyway I've tweeted the foundation to see if they can provide any further evidence. Let's see what they say.  Hopefully it is all above board.

The "URO protocol" - where is that from?  The thing is it may be legit but with something like this I would need a lot of proof.  Not just a website and a forum thread.  Just think how paranoid governments are these days.  If anything like this was really happening they would be all over it.  Not just that but there are huge chemical multinationals that have very big military and government contracts.  Would they just let this sort of thing happen.  That aside from a strictly business sense no large player would allow this to happen in their market, in essence the creation of a cartel, trading a commodity in a closed system like this.  Anyway I'm not here to argue.  Just thought I would voice my concern because I thought it might be a problem.  It's up to people to decide for themselves but one of the issues in cryptocurrency is that people don't ask enough questions before investing.

I'd be interested in knowing how the US or any world government would allow the manipulation and control of a commodity which can easily be made into explosives?

From wikipedia which the OP links to:

"Urea can be used to make urea nitrate, a high explosive that is used industrially and as part of some improvised explosive devices. It is a stabilizer in nitrocellulose explosives."

Any more than a small quantity of urea requires special licenses to buy.  This is either a deliberate scam or a house of cards built on total ignorance and stupidity.

Just don't use the "M" word please.  It's like mentioning the "Scottish Play" to a Shakespearean actor.  Only bad things can come from it.

Guys vote for GBC to be added to HITBTC Exchange - registered user's votes get multiplied by 10:

https://hitbtc.com/vote

Ok guys.  Have tweeted Moolah.io and Bittylicious to add MNR they do direct conversion to and from fiat currency.  The more people we can get tweeting them the more likely it is they will add.  (@moolah_io and @Bittylicious_ )

Done:)