Good post, elkrisi. I run a site examining a potential cold fusion fraud (ecatnews.com). In my opinion, uro is unlikely to be a scam and more likely an honest attempt to make something extraordinary happen. While many of the hoped-for benefits of using uro can be had by simply using bitcoin, price-stability is not one of them. By trading urocoin on parity with urea long before fiat equivalence catches up, GES and the other NIERS could indeed make it so - IF they can make the deals and IF they have the resources to stay the course. This is the nature of a risky investment and not the definition of a fraud.

If we wind forward the clock and think of a near future where urocoin is a success, by maintaining a token separate from bitcoin, urocoin is also a stabilizing influence on other cryptocurrencies and a futures instrument for urea. Importers may use the coin to save on bank transfers, delays and fraud but we should not underestimate the benefits of global price-stability and the ability of a company to hold 12,500 coins as a hedge against wild swings in commodity pricing at various times and points on the globe.

While it is an ancillary effect, there is also a good chance that a successful urocoin will be followed by other commodity coins and the overall effect will be to provide a raft of stability to the whole cryptocurrency field even as bitcoin is free to dominate and find new heights.

Nuro is a joy to use. Every time someone new enters the crypto-world, we have to explain how to backup the wallet.dat file (make sure it's encrypted first). Copy it to multiple locations. You then have to explain about change addresses and that these new addresses are normally hidden from the user. This means that every time you spend something from your wallet, you should really go through the backup and copy process ( http://bitzuma.com/posts/five-ways-to-lose-money-with-bitcoin-change-addresses/ )

It's a nightmare.

Nuro is the closest we've come to mimicking an ordinary bank account - without the bank. It's fast, secure, cross-platform and simple to understand. We need more of this sort of thinking if we expect real-world adoption.

Bravo.

https://bitcointalk.org/index.php?topic=521328.msg5898153#msg5898153




https://bitcointalk.org/index.php?topic=469640.msg5904891#msg5904891




ETA - I do not have any BC but think the Dev is doing amazing things. Don't understand why it is not rocketing.

Kind words, counter. Thank you.

Thanks, RodeoX.

Hi Paleus,

Your book looks interesting. I will look closer after this reply.

I imagine all these small groups around the world. They are meeting in pubs, community rooms, schools and homes. Not everyone can get to London or Tokyo or Toronto etc. I would like to see this dynamic reflected online. That said, I'd prefer not to proscribe what is needed but provide a blank canvas on which real people will paint.

For instance, I am interested in Ethereum as well as bitcoin the currency but also in the community factors involved in some alt coins (eg Doge) and (as a sf writer) where the tech will ultimately take us. I imagine a multitude of groups. Some may live for a few weeks - the life of a short project - or grow large and permanent. Local meetups might want to continue the conversation between monthly meets. Comfortable with the setting, they could search and link up with others further afield. Maybe someone in a remote location has an idea and wishes to find coders or enough bodies to give it a spin.

The site is built using a Ning network so you have the standard social tools without the intrusion of Facebook. You can 'Like' posts and people, make connections and recommendations. Although it is open to anyone (and people can use pseudonyms) you can create a group and define how private or public it is (anyone can join or only those invited or people who fit a certain criteria). Discussions can be open or closed, visible or secret.

The overarching philosophy is that I do not own it - the community does. This is one of the reasons I offer to donate it. Out of my control, there is no suspicion of ulterior motives and people might be more willing to take ownership themselves.

The site is fully functional now. Go have a look. The donation offer is genuine. Thanks for your post

Cross posted to r/bitcoin

In the most recent episode of Lets Talk Bitcoin (http://letstalkbitcoin.com/e95-the-captain-and-the-keep/) , Anthony Di Lorio of The Canadian Bitcoin Alliance and Andreas Antonopoulos discuss the Bitcoin Foundation and The Global Bitcoin Alliance. Well worth a listen. I'm personally ambivalent to the politics of the former but do like the concept of a loose federation of groups grown from the ground up. To me, such an alliance of people helping themselves fits well with the bootstrapped nature of the blockchain.

In the next few years, beyond the early adopter phase, tens of thousands of business people and millions of ordinary citizens are going to form thousands of adhoc groups trying to get to grips with this thing. They will come together to learn, to brainstorm, to collaborate and to share.

In the spirit of decentralised organisation, I have set up a site at http://thebitcoinalliance.com and offer it free to anyone wishing to use it. You do not need to be a member of any club and do not need to pay a joining fee or subs. This is a service to the community and if the Global or Canadian Alliance wish to take it over, I will donate it to them as long as they leave it free for anyone to use and membership to the wider alliance remains optional.

Intended as a work-space and a way to make and maintain connections, you can form or join groups – semi-public or private - to discuss a subset of your interest. This is a blank space to use as you wish. Create a forum, make connections, form discussions based on a project, location, language or topic. Find experts. Make things happen or chew the fat.

I'm a writer, not an entrepreneur and have asked no-one's permission to do this. Although I align myself with the aims of The Global Bitcoin Alliance, I represent no-one and will not speak on anyone's behalf. I simply like Di Lorio's and Antonopoulous' approach and have taken the logical next step. Crypto currencies and trustless networks are set to change the world. They will foster the next wave of decentralisation and self-determination. To that end, we need tools to connect and network. Until we can turn it into a DAC, I hope this will be a useful compromise.

Right now, there's no-one there. It's yours if you want it.