Not to pick hairs but GES were the receiver of those goods, not the shipper. |
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Genuinely I have come to the conclusion this may not be a scam but it may well be some chancers actually trying to pull this off. Not convinced they will succeed and not convinced all they ha e said is legit but I think they probably are trying to actually do this.
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I have 11582622.38729954 of these SAT in my wallet It does not seem to be able to make active connections.
Are these coins now worthless?
its worth 0.2+++ Btc but conversion is over mate you are late It is worth? OR It was worth? it is You wanted sat back Sempruls  Its up to you mate. The fact is still a lot of SAT out there not yet converted people not everytime check their coin how if someone hold million of SAT and when they comeback to check their SAT is worthless because of this conversion and they cant convert the SAT because allready late for conversion Dev shouldnt gave deadline for the conversion because all SAT holder have the right to convert their SAT anytime until all the SAT convert to SAT2 That is my opinion Thanks I know what you are saying but to be fair this thread has been up since April |
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Here's an analogy that will help concerned people understand why a urea seller today would accept 12,500 URO for 12,500 tonnes or urea when the price of URO is so low... It's simply a permanent store of wealth. Urea has a limited shelf life. The producer can't store urea for 5 years then sell it so what can they do to retain their value? Simple, accept 12,500 URO for equivalent purchase of urea today. Take a look at gold in 1900, it was only $20 usd per ounce but is stable today well over $1000 usd per ounce. http://www.onlygold.com/coins/Gold-Double-Eagles.aspIn 1900 a lot of experts knew that the value of gold had the potential to reach over $1000 but they weren't willing to pay it because they can keep the gold for 100 years because gold will last 100 years. The is really no difference between gold and URO except for one major feature. URO protocol means that 1 URO = 1 tonne of urea. Obviously URO will last forever (like gold) and it's a store of wealth. Even if it takes 100 years to reach $300 per URO it's still a store of wealth. With URO you have the option of accepting it for urea and keeping it or you can go out any day in the future and get 1 tonne of urea or sit on URO for 100 years and watch it reach 300 usd. The interesting thing is though what happens if there is some world event that causes market price of 1 tonne of urea to reach $1000 per tonne? Simple, now 1 URO = $1000  .... Look at what happened to the phosphate market (also a component of fertilizer). In the mid 2000's phosphate skyrocketed in price from $50 per tonne to almost $450 per tonne. This could happen to urea prices, there is no reason that they can't skyrocket to over $3,000 per tonne http://www.infomine.com/investment/metal-prices/phosphate-rock/all/ So in theory if you own only 10 URO and some earthquake or drought causes a lower worldwide supply of urea and send urea price to $3,000 per tonne your 10 URO are now worth $30,000 USD !! This explanation completely flies in the face of the reality of business. Urea sellers are not speculators, and if they were they wouldn't be stupid enough to take a risk on Uro anyway. They have bills to pay on a daily basis that get paid by selling Uro that day. They may take profits but their margins are not anywhere near being able to give urea away for free for 5 years. Holy shit a 10 year old wouldn't buy this. Every day they have bills to employees, utilities, taxes, many other expenses. They pay these with sales of urea that occur with an immediacy that does not allow for speculation. End of this ridiculous point. I understand what you're saying for sure. They can pay the bills with the thousands of dollars that they save in broker fees, bank fees and all of the middlemen along the way. The buyer of urea would even be willing to pay a fiat surcharge under the table for the shipment if it stills saves them money at the end of the day. URO will allow for the transfer of wealth from the middle men to everyday people. They will have plenty of money to pay their bills. Most of these companies are sitting on millions of dollars of assets anyways. Ok so I import from China to the UK a lot, this is how it works. I send a CHAPS payment from my bank to a forex agent for 25GBP this can be for any amount. My forex agent gives me a price that is literally a couple of pips of interbank rate and charge me a 10GBP wire fee to send to the receivers bank. I can send a million GBP to China and I get charges of 35GBP and get near enough interbank rate because my forex agent can buy straight off interbank markets, he takes about 0.01% as his cut Not only that but I can book forwards of as much as I want so when GBP USD hits a high, I book it forwards and actually get much better rates than I would in future. there is no thousands of dollars in bank and brokers fees. Do you ever doing an LC order yet? I have doubt. If u did then this will be clear to you about bank fee. This is not about direct purchase- its different. yeah I have used letter of credit before. generally LC is not necessary when dealing with well known suppliers within a closed industry Also, if you feel the need for the security of a letter of credit. Why would you do a buy with crypto? I don't understand how do u make big EXIM without LC? My personal experience as an importer I didn't see this except some little(below 10K USD) shipment. Without LC how do u clearing ur goods from customs....  ? its simple. You send a wire payment to the receiver. They send the goods with a bill of lading and a commercial invoice. goods are cleared at customs based on the bill of lading. Customs send you a bill, you pay the bill, goods are released. If they don't like the look of the value they ask you for proof of the amount paid. This is fine for any value. LC is only needed for security for the purchaser, nothing to do with clearing customs. At least in the UK, can't speak for anywhere else commercial invoice http://en.wikipedia.org/wiki/Commercial_invoice |
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Here's an analogy that will help concerned people understand why a urea seller today would accept 12,500 URO for 12,500 tonnes or urea when the price of URO is so low... It's simply a permanent store of wealth. Urea has a limited shelf life. The producer can't store urea for 5 years then sell it so what can they do to retain their value? Simple, accept 12,500 URO for equivalent purchase of urea today. Take a look at gold in 1900, it was only $20 usd per ounce but is stable today well over $1000 usd per ounce. http://www.onlygold.com/coins/Gold-Double-Eagles.aspIn 1900 a lot of experts knew that the value of gold had the potential to reach over $1000 but they weren't willing to pay it because they can keep the gold for 100 years because gold will last 100 years. The is really no difference between gold and URO except for one major feature. URO protocol means that 1 URO = 1 tonne of urea. Obviously URO will last forever (like gold) and it's a store of wealth. Even if it takes 100 years to reach $300 per URO it's still a store of wealth. With URO you have the option of accepting it for urea and keeping it or you can go out any day in the future and get 1 tonne of urea or sit on URO for 100 years and watch it reach 300 usd. The interesting thing is though what happens if there is some world event that causes market price of 1 tonne of urea to reach $1000 per tonne? Simple, now 1 URO = $1000 .... Look at what happened to the phosphate market (also a component of fertilizer). In the mid 2000's phosphate skyrocketed in price from $50 per tonne to almost $450 per tonne. This could happen to urea prices, there is no reason that they can't skyrocket to over $3,000 per tonne http://www.infomine.com/investment/metal-prices/phosphate-rock/all/ So in theory if you own only 10 URO and some earthquake or drought causes a lower worldwide supply of urea and send urea price to $3,000 per tonne your 10 URO are now worth $30,000 USD !! This explanation completely flies in the face of the reality of business. Urea sellers are not speculators, and if they were they wouldn't be stupid enough to take a risk on Uro anyway. They have bills to pay on a daily basis that get paid by selling Uro that day. They may take profits but their margins are not anywhere near being able to give urea away for free for 5 years. Holy shit a 10 year old wouldn't buy this. Every day they have bills to employees, utilities, taxes, many other expenses. They pay these with sales of urea that occur with an immediacy that does not allow for speculation. End of this ridiculous point. I understand what you're saying for sure. They can pay the bills with the thousands of dollars that they save in broker fees, bank fees and all of the middlemen along the way. The buyer of urea would even be willing to pay a fiat surcharge under the table for the shipment if it stills saves them money at the end of the day. URO will allow for the transfer of wealth from the middle men to everyday people. They will have plenty of money to pay their bills. Most of these companies are sitting on millions of dollars of assets anyways. Ok so I import from China to the UK a lot, this is how it works. I send a CHAPS payment from my bank to a forex agent for 25GBP this can be for any amount. My forex agent gives me a price that is literally a couple of pips of interbank rate and charge me a 10GBP wire fee to send to the receivers bank. I can send a million GBP to China and I get charges of 35GBP and get near enough interbank rate because my forex agent can buy straight off interbank markets, he takes about 0.01% as his cut Not only that but I can book forwards of as much as I want so when GBP USD hits a high, I book it forwards and actually get much better rates than I would in future. there is no thousands of dollars in bank and brokers fees. Do you ever doing an LC order yet? I have doubt. If u did then this will be clear to you about bank fee. This is not about direct purchase- its different. yeah I have used letter of credit before. generally LC is not necessary when dealing with well known suppliers within a closed industry Also, if you feel the need for the security of a letter of credit. Why would you do a buy with crypto? I don't understand how do u make big EXIM without LC? My personal experience as an importer I didn't see this except some little(below 10K USD) shipment. Without LC how do u clearing ur goods from customs.... ? its simple. You send a wire payment to the receiver. They send the goods with a bill of lading and a commercial invoice. goods are cleared at customs based on the bill of lading. Customs send you a bill, you pay the bill, goods are released. If they don't like the look of the value they ask you for proof of the amount paid. This is fine for any value. LC is only needed for security for the purchaser, nothing to do with clearing customs. At least in the UK, can't speak for anywhere else |
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Here's an analogy that will help concerned people understand why a urea seller today would accept 12,500 URO for 12,500 tonnes or urea when the price of URO is so low... It's simply a permanent store of wealth. Urea has a limited shelf life. The producer can't store urea for 5 years then sell it so what can they do to retain their value? Simple, accept 12,500 URO for equivalent purchase of urea today. Take a look at gold in 1900, it was only $20 usd per ounce but is stable today well over $1000 usd per ounce. http://www.onlygold.com/coins/Gold-Double-Eagles.aspIn 1900 a lot of experts knew that the value of gold had the potential to reach over $1000 but they weren't willing to pay it because they can keep the gold for 100 years because gold will last 100 years. The is really no difference between gold and URO except for one major feature. URO protocol means that 1 URO = 1 tonne of urea. Obviously URO will last forever (like gold) and it's a store of wealth. Even if it takes 100 years to reach $300 per URO it's still a store of wealth. With URO you have the option of accepting it for urea and keeping it or you can go out any day in the future and get 1 tonne of urea or sit on URO for 100 years and watch it reach 300 usd. The interesting thing is though what happens if there is some world event that causes market price of 1 tonne of urea to reach $1000 per tonne? Simple, now 1 URO = $1000 .... Look at what happened to the phosphate market (also a component of fertilizer). In the mid 2000's phosphate skyrocketed in price from $50 per tonne to almost $450 per tonne. This could happen to urea prices, there is no reason that they can't skyrocket to over $3,000 per tonne http://www.infomine.com/investment/metal-prices/phosphate-rock/all/ So in theory if you own only 10 URO and some earthquake or drought causes a lower worldwide supply of urea and send urea price to $3,000 per tonne your 10 URO are now worth $30,000 USD !! This explanation completely flies in the face of the reality of business. Urea sellers are not speculators, and if they were they wouldn't be stupid enough to take a risk on Uro anyway. They have bills to pay on a daily basis that get paid by selling Uro that day. They may take profits but their margins are not anywhere near being able to give urea away for free for 5 years. Holy shit a 10 year old wouldn't buy this. Every day they have bills to employees, utilities, taxes, many other expenses. They pay these with sales of urea that occur with an immediacy that does not allow for speculation. End of this ridiculous point. I understand what you're saying for sure. They can pay the bills with the thousands of dollars that they save in broker fees, bank fees and all of the middlemen along the way. The buyer of urea would even be willing to pay a fiat surcharge under the table for the shipment if it stills saves them money at the end of the day. URO will allow for the transfer of wealth from the middle men to everyday people. They will have plenty of money to pay their bills. Most of these companies are sitting on millions of dollars of assets anyways. Ok so I import from China to the UK a lot, this is how it works. I send a CHAPS payment from my bank to a forex agent for 25GBP this can be for any amount. My forex agent gives me a price that is literally a couple of pips of interbank rate and charge me a 10GBP wire fee to send to the receivers bank. I can send a million GBP to China and I get charges of 35GBP and get near enough interbank rate because my forex agent can buy straight off interbank markets, he takes about 0.01% as his cut Not only that but I can book forwards of as much as I want so when GBP USD hits a high, I book it forwards and actually get much better rates than I would in future. there is no thousands of dollars in bank and brokers fees. Do you ever doing an LC order yet? I have doubt. If u did then this will be clear to you about bank fee. This is not about direct purchase- its different. yeah I have used letter of credit before. generally LC is not necessary when dealing with well known suppliers within a closed industry Also, if you feel the need for the security of a letter of credit. Why would you do a buy with crypto? I don't understand how do u make big EXIM without LC? My personal experience as an importer I didn't see this except some little(below 10K USD) shipment. Without LC how do u clearing ur goods from customs.... ? its simple. You send a wire payment to the receiver. They send the goods with a bill of lading and a commercial invoice. goods are cleared at customs based on the bill of lading. Customs send you a bill, you pay the bill, goods are released. If they don't like the look of the value they ask you for proof of the amount paid. This is fine for any value. LC is only needed for security for the purchaser, nothing to do with clearing customs. At least in the UK, can't speak for anywhere else |
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Here's an analogy that will help concerned people understand why a urea seller today would accept 12,500 URO for 12,500 tonnes or urea when the price of URO is so low... It's simply a permanent store of wealth. Urea has a limited shelf life. The producer can't store urea for 5 years then sell it so what can they do to retain their value? Simple, accept 12,500 URO for equivalent purchase of urea today. Take a look at gold in 1900, it was only $20 usd per ounce but is stable today well over $1000 usd per ounce. http://www.onlygold.com/coins/Gold-Double-Eagles.aspIn 1900 a lot of experts knew that the value of gold had the potential to reach over $1000 but they weren't willing to pay it because they can keep the gold for 100 years because gold will last 100 years. The is really no difference between gold and URO except for one major feature. URO protocol means that 1 URO = 1 tonne of urea. Obviously URO will last forever (like gold) and it's a store of wealth. Even if it takes 100 years to reach $300 per URO it's still a store of wealth. With URO you have the option of accepting it for urea and keeping it or you can go out any day in the future and get 1 tonne of urea or sit on URO for 100 years and watch it reach 300 usd. The interesting thing is though what happens if there is some world event that causes market price of 1 tonne of urea to reach $1000 per tonne? Simple, now 1 URO = $1000 .... Look at what happened to the phosphate market (also a component of fertilizer). In the mid 2000's phosphate skyrocketed in price from $50 per tonne to almost $450 per tonne. This could happen to urea prices, there is no reason that they can't skyrocket to over $3,000 per tonne http://www.infomine.com/investment/metal-prices/phosphate-rock/all/ So in theory if you own only 10 URO and some earthquake or drought causes a lower worldwide supply of urea and send urea price to $3,000 per tonne your 10 URO are now worth $30,000 USD !! This explanation completely flies in the face of the reality of business. Urea sellers are not speculators, and if they were they wouldn't be stupid enough to take a risk on Uro anyway. They have bills to pay on a daily basis that get paid by selling Uro that day. They may take profits but their margins are not anywhere near being able to give urea away for free for 5 years. Holy shit a 10 year old wouldn't buy this. Every day they have bills to employees, utilities, taxes, many other expenses. They pay these with sales of urea that occur with an immediacy that does not allow for speculation. End of this ridiculous point. I understand what you're saying for sure. They can pay the bills with the thousands of dollars that they save in broker fees, bank fees and all of the middlemen along the way. The buyer of urea would even be willing to pay a fiat surcharge under the table for the shipment if it stills saves them money at the end of the day. URO will allow for the transfer of wealth from the middle men to everyday people. They will have plenty of money to pay their bills. Most of these companies are sitting on millions of dollars of assets anyways. Ok so I import from China to the UK a lot, this is how it works. I send a CHAPS payment from my bank to a forex agent for 25GBP this can be for any amount. My forex agent gives me a price that is literally a couple of pips of interbank rate and charge me a 10GBP wire fee to send to the receivers bank. I can send a million GBP to China and I get charges of 35GBP and get near enough interbank rate because my forex agent can buy straight off interbank markets, he takes about 0.01% as his cut Not only that but I can book forwards of as much as I want so when GBP USD hits a high, I book it forwards and actually get much better rates than I would in future. there is no thousands of dollars in bank and brokers fees. Do you ever doing an LC order yet? I have doubt. If u did then this will be clear to you about bank fee. This is not about direct purchase- its different. yeah I have used letter of credit before. generally LC is not necessary when dealing with well known suppliers within a closed industry Also, if you feel the need for the security of a letter of credit. Why would you do a buy with crypto? |
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Here's an analogy that will help concerned people understand why a urea seller today would accept 12,500 URO for 12,500 tonnes or urea when the price of URO is so low... It's simply a permanent store of wealth. Urea has a limited shelf life. The producer can't store urea for 5 years then sell it so what can they do to retain their value? Simple, accept 12,500 URO for equivalent purchase of urea today. Take a look at gold in 1900, it was only $20 usd per ounce but is stable today well over $1000 usd per ounce. http://www.onlygold.com/coins/Gold-Double-Eagles.aspIn 1900 a lot of experts knew that the value of gold had the potential to reach over $1000 but they weren't willing to pay it because they can keep the gold for 100 years because gold will last 100 years. The is really no difference between gold and URO except for one major feature. URO protocol means that 1 URO = 1 tonne of urea. Obviously URO will last forever (like gold) and it's a store of wealth. Even if it takes 100 years to reach $300 per URO it's still a store of wealth. With URO you have the option of accepting it for urea and keeping it or you can go out any day in the future and get 1 tonne of urea or sit on URO for 100 years and watch it reach 300 usd. The interesting thing is though what happens if there is some world event that causes market price of 1 tonne of urea to reach $1000 per tonne? Simple, now 1 URO = $1000 .... Look at what happened to the phosphate market (also a component of fertilizer). In the mid 2000's phosphate skyrocketed in price from $50 per tonne to almost $450 per tonne. This could happen to urea prices, there is no reason that they can't skyrocket to over $3,000 per tonne http://www.infomine.com/investment/metal-prices/phosphate-rock/all/ So in theory if you own only 10 URO and some earthquake or drought causes a lower worldwide supply of urea and send urea price to $3,000 per tonne your 10 URO are now worth $30,000 USD !! This explanation completely flies in the face of the reality of business. Urea sellers are not speculators, and if they were they wouldn't be stupid enough to take a risk on Uro anyway. They have bills to pay on a daily basis that get paid by selling Uro that day. They may take profits but their margins are not anywhere near being able to give urea away for free for 5 years. Holy shit a 10 year old wouldn't buy this. Every day they have bills to employees, utilities, taxes, many other expenses. They pay these with sales of urea that occur with an immediacy that does not allow for speculation. End of this ridiculous point. I understand what you're saying for sure. They can pay the bills with the thousands of dollars that they save in broker fees, bank fees and all of the middlemen along the way. The buyer of urea would even be willing to pay a fiat surcharge under the table for the shipment if it stills saves them money at the end of the day. URO will allow for the transfer of wealth from the middle men to everyday people. They will have plenty of money to pay their bills. Most of these companies are sitting on millions of dollars of assets anyways. Ok so I import from China to the UK a lot, this is how it works. I send a CHAPS payment from my bank to a forex agent for 25GBP this can be for any amount. My forex agent gives me a price that is literally a couple of pips of interbank rate and charge me a 10GBP wire fee to send to the receivers bank. I can send a million GBP to China and I get charges of 35GBP and get near enough interbank rate because my forex agent can buy straight off interbank markets, he takes about 0.01% as his cut Not only that but I can book forwards of as much as I want so when GBP USD hits a high, I book it forwards and actually get much better rates than I would in future. there is no thousands of dollars in bank and brokers fees. |
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Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
The motivation is that now the seller has 12500 URO and can go out and acquire urea if and when he needs it from another seller. The market price of URO is irrelevant because the 12500 URO represents the urea. This is a huge benefit because it removes the price fluctuations of the urea market. The only reason URO price is low now is because many urea business people don't know about URO yet and add that to the constant morons fudding in here keeps the price low. I'm actually really liking the FUD because it's giving me more time to buy more URO. This will revolutionize commodity markets. I worked for 5 years in chemical distribution in Canada. OK but a business needs to transfer their profits to fiat at some point. Businesses need cash to survive, employees need to be paid, rent needs to be paid, taxes need to be paid. If their profits are in URO and URO value is much lower than fiat value they are still losing money. it's long term investment, sooner or later the price will be ~300 so they can put sell order OK I understand that but this brings me back to the argument of cashflow. Cashflow is the lifeblood of any business and the failure of many. I understand that if all goes well then the value of the coin moves towards the commodity but how long can a company wait with all their sales held in a crypto currency? and then by the time the currency moves to meet the value of the commodity, all these URO traders have huge stashes of URO that they need to dump on an exchange to realise fiat to be able to keep running. What happens to the value of URO then? And would large multinational companies really be happy with millions of USD in a mintpal account? |
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Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
The motivation is that now the seller has 12500 URO and can go out and acquire urea if and when he needs it from another seller. The market price of URO is irrelevant because the 12500 URO represents the urea. This is a huge benefit because it removes the price fluctuations of the urea market. The only reason URO price is low now is because many urea business people don't know about URO yet and add that to the constant morons fudding in here keeps the price low. I'm actually really liking the FUD because it's giving me more time to buy more URO. This will revolutionize commodity markets. I worked for 5 years in chemical distribution in Canada. OK but a business needs to transfer their profits to fiat at some point. Businesses need cash to survive, employees need to be paid, rent needs to be paid, taxes need to be paid. If their profits are in URO and URO value is much lower than fiat value they are still losing money. |
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Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
They can hold the URO until it reaches whatever the price of 1 MT of UREA is, and then they have not lost anything... Yes, the first person to buy urea with URO at this price is going to get an amazing deal, but if the seller does not sell the URO until they are equal in price to 1 MT of urea then they have not lost anything. This just exemplifies one of the exact purposes of this coin-. Imagine urea right now was only ~200 dollars a metric TONNE and you think the price will rise to the current price of ~300 dollars in the future so you want to buy a bunch (lets say 12500 MTs) of urea now and store it to use or because you want to resell it for a profit. Assume that it is not logistically possible for you to store that much urea for the length of time that you desire. And now assume that URO is already pinned to the price of urea. Instead of buying 12500 MTs of urea, you can simply buy 12500 URO- something which is easy for anybody to store and trade. cashflow. |
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Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
Read Article 2.1 of the Uro protocol, it says they have to accept 12500 URO as a payment, regardless of the current market value. In total the industry supplies billions of $ in urea, so liquidity is not an issue. I've read it. My question is why would anyone selling it agree to sign it? Really simple, eventually the market price will grow to $300/URO. There will be no variance between the market prices, as it will be one market of URO. So long term it's the most cost effective for the farmers to do so. Little to no fees compared to bank transfers. Also, there are no fraud or risk involved when paying with URO, it's secured by the blockchain. You can think of URO as a token to exchange $ and urea at any time. Ok, I'm the seller I'm selling almost half a million USD worth of goods to you on the promise that at some point the market price will become that of URO, what if it doesn't? is there someone who will guarantee me recompense for my loss? what do I do about cashflow in the meantime while i wait for all these URO I have to accumulate in value? |
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Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
Read Article 2.1 of the Uro protocol, it says they have to accept 12500 URO as a payment, regardless of the current market value. In total the industry supplies billions of $ in urea, so liquidity is not an issue. I've read it. My question is why would anyone selling it agree to sign it? Maybe if you guys did not troll the video sessions last night - all of this would have been explained. It was explained 100% in the previous video session on google chat prior to 200 children joining and playing memes. whatever. your loss. I wasn't anywhere near any video sessions last night. I'm just asking a reasonable question in a reasonable manner. |
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Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
Read Article 2.1 of the Uro protocol, it says they have to accept 12500 URO as a payment, regardless of the current market value. In total the industry supplies billions of $ in urea, so liquidity is not an issue. I've read it. My question is why would anyone selling it agree to sign it? |
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Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
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Everyone still has a chance to buy XC very cheap (~180k) !! Take your chance, because after few days you wont have this chance, and price never back to this level! Next rise to 350-400, and then price will be stable ~300 for some time. You will mark my words in few days.
I am afraid not about price, but for daily volume. XC was one of the most trading coins on poloniex for a week or more. Today I see: 24-hour Volume: 3.26619118 BTC https://poloniex.com/exchange/btc_xcDaily volume fallen down more than 10x times! What happens with XC? Even fucken DRK has: 24-hour Volume: 4.30158745 BTC https://poloniex.com/exchange/btc_drk Polo is like a ghost town these days. OVer 100 BTC traded on MP |
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Well,
it's all been very entertaining if nothing else.
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altcoins are dead? blackcoin, darkcoin, vericion and XC have very low volumes now and it's hard to make any extra BTC like it's used to be. others pump and dump nonsense coins like supercoin and cryptcoin are dead other than clockcoin
All btc is flowing into uro right now. Everything else pretty much is down yes, all of 600 BTCs. sometime i have question of human intelligent every time i see these nonsense crap coins pop-up and then disappeared. hey what am i to judge  I guess you are only looking at 1 exchange. Over 2000 BTC went into URO in the last 24 hours. Sense of it or not, it is the highest volume coin at the moment. |
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