i am not a fudster, and my gut is telling me this is legit, i just don't understand the amount of scam accusations, and i also don't understand why this is not at 0.25 btc yet.

by selling few million dollar worth of a commodity for 12k usd ?

can Each of the swearing sides provide a clear stand on why they are with or against Uro ? i am starting to think both of you are the same person trying to persuade people out of it .. Anyway, i have a simple question 12500 uro at current price is 11900 usd, 12500 tons of urea are roughly couple million bucks, are urea dealers accepting uro at current prices, wouldn't that would be worse than shooting self in the foot ?

So is this coin dead? If not, how do you explain the price action?

I can't really believe you are a senior member and still a newbie in economics.

First thing : you claim that traded and pegged are the same things.
Seems like you don\t want to listen in this case so i'm not going to argue further , use wikipedia for this.

Second.
1 uro as meant to be traded 1 tone of urea just as you say oil is traded for us dollars.

the bad thing is that the price of oil , since is TRADED and not pegged varies:



Now , how this association good in theory has a flaw which might prove a headache for uro traders?

The thing called supply and demand.

Basically there could be a high demand for urea so urea consumption might double and thus you will either have to increase the number of coins or split the value.

If you increase the number of coins and then demands take a dump in order to maintain the price you will need to either (have the uro foundation buy all the available urea in order to maintain the price and act as a central bank) or destroy coins (impossible).

If you go the other way and say 1 uro coin is valued at 1.5 tons of urea the whole idea of pegging is thorn apart.

ps.
stop making enemies and calling people names just because they don't agree with you.
On this board when defenders and bag holders of an alt coin start shouting like it's 90% a swan song

Pegging
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Definition of 'Pegging'

1. A method of stabilizing (not preventing fluctuations, only minimizing them) a country's currency by fixing its exchange rate to that of another country.

2. A practice of an investor buying large amounts of an underlying commodity or security close to the expiry date of a derivative held by the investor. This is done to encourage a favorable move in market price.

Investopedia explains 'Pegging'

1. Most countries peg their exchange rate (meaning a fluctuating rate) to that of the United States.

2. An investor writing a put option would practice pegging so that he or she will not be required, due to lowering prices, to purchase the underlying security or commodity from the option holder. The goal is to have the option expire worthless so that the premium initially received by the writer is protected.

Ok.. moron..

To peg something means to have a fix value for 1 tone of goods or for 1 barrel or for 1 Mexican dollar
To trade something means to exchange 1 of this good vs x or this currency or goods depending on the market price.

Oil was never pegged to the us dollar it was traded in us dollars , big difference.