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Author Topic: [UNO] Unobtanium Info & Discussion - Merge Mine w/BTC! - Update NOW to qt 0.11.0  (Read 1039576 times)
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V500
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October 12, 2014, 06:51:46 AM
Last edit: October 12, 2014, 08:21:02 AM by V500
 #3341

@IMZ
I am already advertising it  Wink

https://twitter.com/MrV500forUno/status/521190872416010240

today low volume - understandable. Dumps like that are good for distribution and growing community. Keep it up. They'll hate us if we don't dump coins to them and only go up Wink

uno is gonna rise more in the future. Just a few points why:

*low inflation = stability = merchant adoption
*already conveniently exchangeable for physical bullion which will be expanded to metal backed hedges
*limited supply makes it an excellent store of value
*constantly expanding ecosystem
*grassroots, organic growth
*no premine, fair, no bounties whatsoever
*great and open community
*longterm coin - proven to be no vapourware and honest project
*growing adoption
*decentral in every aspect possible
*fiat exchange coming in the future once volume is sufficient

just what i was able to think from the top of my head.




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IMZ
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October 12, 2014, 08:05:38 AM
 #3342

Let's practice expressing the parameters clearly. We have a physical-bullion trade in development. We have 'Hedges,' a 'micro-currency' coming shortly.

A Hedge 'covers' two ounces of silver bullion that is held in trust by a TT.

Here is a site that has daily bullion prices: https://www.bullionvault.com/silver-price-chart.do

And here's today's Bit of Info: when Uno goes up in price, the value of your Hedge goes down -- but you never know when bullion will begin to rise, and you never know when Bitcoin will have a whoopsie (again . . . )

m
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October 12, 2014, 08:24:36 AM
 #3343

Let's practice expressing the parameters clearly. We have a physical-bullion trade in development. We have 'Hedges,' a 'micro-currency' coming shortly.

A Hedge 'covers' two ounces of silver bullion that is held in trust by a TT.

Here is a site that has daily bullion prices: https://www.bullionvault.com/silver-price-chart.do

And here's today's Bit of Info: when Uno goes up in price, the value of your Hedge goes down -- but you never know when bullion will begin to rise, and you never know when Bitcoin will have a whoopsie (again . . . )

m

word are important, yes. Everyone is still learning.

Why does the hedge go down in value when uno goes up? It stays the same since pegged to silver or not? If uno rises you just have to spend less uno to buy the same hedges but the hedge itself in Dollar-terms should stay around the same value if silver does not do crazy stuff, correct?
If uno goes up you will just get less uno for your hedges afterwards or not?

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October 12, 2014, 09:06:49 AM
 #3344

  And you guys know what?!!  - I have a IDEA. Big part of the uno I bought it yesterday evening from the dumpers can go back to the community members , Uno projects and new ideas. This way capital they dump on us is only make us stronger.
I think and I believe that each of us can do it. That can be our style from here.
This is a good idea.
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October 12, 2014, 11:47:00 AM
Last edit: October 12, 2014, 01:08:22 PM by V500
 #3345

what i would anticipate



why that?
Because pretty simple:
A lot was bought in the 0.008 not only by longterm community but also by others, new to uno. Most shortterm-profittakers have been bought out in that range. I have just been watching the market too. Support is gathering in the 0.008 to 0.0082 range.
Since uno is no pump and dump but a very fine, clean and fair coin which was grossly undervalued before (coinex) and still is much too cheap i think any dip below 0.008 will only be temporary and recover pretty quickly back to that mark. Uno is hoarded by many. It will just get more scarce over time.
We have no other downward pressure in uno than just people who bought it cheaper. No hard sellpressure from miners and no inflation through pos diluting the coinsupply. Most coins are held by longtermers who believe in the coin and don't think of selling cheap.
Additionally: we had one large dump by one single person last 24h which was putting a lot of stress on the market. For me this dump represents not the overall sentiment in the market. The pretty large dump was absorbed relatively good by the market and did not cause great reactions other than a very slow decline which comes from the fact the buysupport was taken out completely by that dump. Needs some time to come back. But since we don't have those inflation-problems downward pressure is minimal and i am confident demand will outstrip supply many times at these prices. 15 coins bought a day is enough to counter the impact of the inflation - that would be if the miners would all be selling which is not the case. Many of them are holding too. So only downward pressure are said profittakers. That's why i don't see it going below 0.008 for any prolonged time.


Just my 2 cents of course.

Most new people who came in bought in the 0.008 and community aswell (in fact we were just eating a sellwall at 0.01) - so all those people will not be selling below 0.008 - i see only some unpleasant passangers in uno like the one dumping 0.7% of total supply on the market a few hours ago - those people apparently need to be bought out over time. They are the only existing sellpressure high enough to consider. I think we can outnumber them.
Once we got those uno will be hotter than any other coin because low sellpressure and all the other good things.

I also noticed sellorders moving down only very reluctantly overall which is a pretty bullish signal. It's not like people were in a rush to sell.
Hope i am not all too far off with the analysis.
Many people did just a few days ago hear about uno and many will still be sitting on the sidelines and looking for an entry. The large dump hours ago was from my viewpoint an error just like that 1 ton sold at the 28th of september as low as 0.0028 was an error back then. I think in the end of the day these dumps are good for distribution of the coins to more people. If there would not be these dumps people would hate uno for not letting them in while only rising. So they do also  have a positive side to them, believe it or not.

I am always happy to hear your opinion too.

lowest inflation in town: Unobtanium
https://bitcointalk.org/index.php?topic=527500.0
Learn from history: Unfair money always fails
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October 12, 2014, 12:56:43 PM
Last edit: October 12, 2014, 02:28:43 PM by IMZ
 #3346

Why does a Hedge go down in value when Uno goes up?

The Hedge itself, V., will still 'command' a r o u n d as many Uno as the-$-rate-of-Uno is the cost of two oz of silver -- but suppose you paid 12 Uno for a Hedge with Uno @ $3 each, then Uno pops up to $4. At that point, your Hedge would only sell for 8 Uno.

You bought in @ 12; you sold out @ 9.

Pivotally Important Note:

Hedges are not pegged.
Pegs don't work. Hedges are a 'trade instrument.' The only thing 'pegged' is that each Hedge is a token for 2 oz. of silver physically held by a community member you trust.

'If Uno rises you just have to spend less Uno to buy 1 Hedge' Correct.

'The Hedge itself should stay around the same in dollar-terms.'

Here's where the theory kicks in, V.:

Hedges aren't valued in Dollars! Hedges are valued in Uno, which are in turn valued in Btc, Ltc, Xrp, and Dollars (and maybe used in barter, and maybe later in $AU or gold or oil or rubber or copper).

It's 'the ant farm.' We are gonna put all these elements in a glass case, and watch them interact.
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October 12, 2014, 01:30:37 PM
 #3347

@IMZ
thanks for explanation
But since the hedge is backed by those 2oz of silver they would not only be valued in uno but also and foremost in silver, right? They are exclusively traded for uno and nothing else, they are nominated in uno but they are not uno, they are representations of silver, correct?
So if i buy one of these and uno stays the same in price but it happens a sliver-rally brakes loose i would get more uno for the same token although uno would not have moved, right?
If that's right it will be interesting to see what happens once silver rallies or crashes.
Trading potentially volatile commodities against each other is like playing roulette in an earthquake Wink
But we are used to that.  Cheesy

Can't wait for the trading going live, tbh. That stuff gives uno additional value, really. Thanks for bringing that to the table.

lowest inflation in town: Unobtanium
https://bitcointalk.org/index.php?topic=527500.0
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October 12, 2014, 02:39:05 PM
 #3348

Me having quick squint before beddy byes, V. But it seems you are getting the hang of it. If there are shortcomings, point them out. It's a work in progress.

Being vision-impaired gives one plenty of time to think. We have two 'white papers' on coins, and one prototype being 'unpacked' now. So this is our fourth 'coin.'

Dig this, readers: there's a ton of talent, of various types, in this community. You guys are master traders. It blows me away.

And/but there are 'possibilities for leverage' that I see that the crypto world has clean overlooked. The more we can tap into those possibilities, the more talent and capital will lodge here.
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October 12, 2014, 02:59:21 PM
 #3349

@IMZ
glad you are with us. Looking forward to the 'unpacking'. This is actual economic developement. Very good input!

lowest inflation in town: Unobtanium
https://bitcointalk.org/index.php?topic=527500.0
Learn from history: Unfair money always fails
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October 12, 2014, 04:22:50 PM
 #3350

Watching things on altcoinlive.com
It's brightening up a little.

Give those fighting the battle for the coin some support! Uno can be big, but not without YOU!

The stability is amazing for what we have seen in recent weeks and for what we know about alts. Nothing to compare to.

Support for stability!
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October 12, 2014, 04:26:32 PM
 #3351

wow. That was fast. Buywall pops up  Smiley

Here we go  Grin
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October 12, 2014, 09:00:56 PM
Last edit: October 12, 2014, 09:22:36 PM by timpeff
 #3352


And/but there are 'possibilities for leverage' that I see that the crypto world has clean overlooked. The more we can tap into those possibilities, the more talent and capital will lodge here.

Thats freakin awesome IMZ. Its wonderful your thinking outside the box. The UNO community can stay in the forefront of innovation. just awesome  Cheesy

@ prominerone I think giving back to the community is a great idea. I'd be willing to donate as well.

I'll be trading the spread today, building support in the .008's, living on the edge. I'll see you there! Grin
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October 12, 2014, 09:51:08 PM
 #3353

hello, this is da police!

You kids are all arrested for pumping too much money into numbers on harddrives. Staph it!

woop, woop


jest kidding. Keep going. But big brothel is watching you.  Cool You are now on the radarscreen of da great whorehouse (twitter).

c u l8ter
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October 12, 2014, 11:18:20 PM
 #3354

finally a coin that doesn't waggle up and down like dogs tail when finding the right pricerange.

I'll say it again: yes, uno can trade pretty much horizontally all day for weeks. I believe that.
Other coins don't do it. Don't be confused about that. Perfectly normal. Right pricerange, trade a spread until more buyers come in.
Set some low buyorders because it really is Platin.

Don't expect it to be volatile because it inherently isn't, can be boring to trade sometimes but there will be huge demand for that.
'Store of wealth commodity'
Not 'shitcoin'

I can just imagine how confused everyone is.  Cheesy

lowest inflation in town: Unobtanium
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October 13, 2014, 12:06:38 AM
 #3355

Hi smalltimer and mrbubbly, welcome!

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October 13, 2014, 12:54:22 AM
 #3356

Hi smalltimer and mrbubbly, welcome!
Agreed! Welcome @smalltimer and @mrbubbly to our UNO community!

If I may ask, have you been following UNO long? Or, are you new to the coin? If so, how did you find out about it?

Thanks!

BTW, holy smokes, look at that hash rate!

Unobtanium - The crypto commodity you keep! |
Hate Inflation? You'll love $UNO
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October 13, 2014, 01:04:29 AM
 #3357

Welcome Smalltimer and Mrbubbly.
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October 13, 2014, 01:26:42 AM
 #3358

UNO is 1 year old on October 18!  This a HUGE landmark for a cryptocurrency, and well worth celebrating! Most new coins are done and dead in 3 months, so UNO to start it's second year with a market cap of nearly $700k, ranked in the CMC top 40's, with a community intact, and listed on great exchanges... that's a big deal.

This week myself and others (hopefully I can include YOU among the conspirators) will be making a push to help tell UNO's story. There's a lot of noise in cryptoland, what with dozens of daily shitcon launches. It's difficult to rise above it, but this week will.  UNO has a great story to tell.

Just a heads up -- I'm on a pheasant hunting trip next weekend so I won't have internet access on Oct 18!  Aaargh!   I'm counting on you guys to carry on, and I'll join up with you Sunday, but don't hate me when I drop out of sight right at the most important moment. If I wouldn't be disappointing my kids, I'd have ditched the trip, but it's just one of those things.

I'm excited about this week! Watch for the clown video on Wednesday! He's got something to say about Uno.

And don't forget to send glad tidings (messages & tips) to Blazr2 this week. If it wasn't for him, there wouldn't be a Uno.  Fair launch coins don't make big money for their creators, because... well, they are fair!!  There was no premine, instamine, or any of the other shenanigans that we have seen in a thousand other coins since the launch of Uno.

Lets have a great time this week, and try to bring some new people into our community as we reach out with the good news about UNO's place in the cryptocurrency landscape.

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October 13, 2014, 01:40:33 AM
 #3359



This week myself and others (hopefully I can include YOU among the conspirators) will be making a push to help tell UNO's story. There's a lot of noise in cryptoland, what with dozens of daily shitcon launches. It's difficult to rise above it, but this week will.  UNO has a great story to tell.


i was thinking about summarizing unos history before. I'll do that as soon as i find the time. If i forget, remind me. For newcomers it'll be helpful to have short oversight what happened when and why with the coin. There is so much history already, if you haven't been following it all the time you have no idea what's going on. So there should be "the uno-chronicles"

I think that could help a lot. You have to know the history of the coin in order to understand it fully.

lowest inflation in town: Unobtanium
https://bitcointalk.org/index.php?topic=527500.0
Learn from history: Unfair money always fails
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October 13, 2014, 01:43:36 AM
 #3360

My christal ball sensores say: Now it's stalemate in the market. People are tired of selling


oh well, maybe a few coins more. But not that many probably. Where is your buysupport? Not that we had none but the more the merrier.  Wink

3.50$ is still a steal - we just warmed the monster up. This is not over yet, maybe never will be. lol. First they are scared, then they get the buypanic again, Then nobody supports because of fear and next the buypanic breaks loose again. Love it.


It'll take some time for people to find out you are lucky to get uno dumped at you.

Uno, the only coin that:
*cures dumpers
*makes people upset when it rises
*you can be happy about to get it dumped to you

it's an altcoin anomaly  Cheesy

lowest inflation in town: Unobtanium
https://bitcointalk.org/index.php?topic=527500.0
Learn from history: Unfair money always fails
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