[UNO] Unobtanium Info & Discussion - Merge Mine w/BTC! - Update NOW to qt 0.11.5

[IMZ]

"The altworld is watching to see if a community like ours can keep it together, ride out the tough times and lay a course for the future."

Woo hoo!

+1

[IMZ]

@FK: tiny buys on Bittrex, me

@ Gustav: gotta say, impressive analysis of The Merchant Thing. 101% agree. 'Liquidity Engine' is coming, perhaps just weeks.

Welome, Goemon888

[balu2]

fill your bags

did someone buy coins below 0.0053? Luck you.

[coaex]

Regarding @coaex,  let me come clean. I accumulate metals (have for many years), and this order with Coaex for gold was mine. I didn't expect it to cause a rukus. It was a very small percent of my Uno that I spent with Coaex; but I want to support Uno merchants (I have here Uno-branded silver, a titanium engraved Uno wallet, Uno t-shirt, Uno cryptochips & hopefully soon Uno Bitstickers -- love all things Uno). And anyway, I already replaced my Uno on Cryptsy last Friday when I bought the market back up to 0063. Sadly, nobody stepped in to help fill the gap and I don't have a tremendous amount of firepower left at this moment. I didn't consider Coaex's pov, and didn't anticpate the Un short-term price dropping like it did. If he wants to cancel the order, or charge me a premium, I'm cool with that. It's it a drop in the bucket, anyway. Coaex, I appreciate everything you do for Uno, and I want this community to support you and also want the trades to be fair and profitable for you.

It's okay, we haven't got any loss from this trade. Even if we have, it would be subsidized by our reserve - we don't have any intention to charge premiums, fees to our customers. We even share our profit with our loyal customers. To be honest, it's random and depends on the frequency of orders, amount and market condition. To give you a general idea, the profit we share in 2014 is around $800 now and this is just our first year in business.

By the way, we are expecting 250% grow in our business next year, while changing the whole system for Coaex.

The regular e-commerce will stay intact. Additionally, there will be digital gold/silver bullion which can be traded with cryptocoins. However, this will require a lot of coding, security, funds, etc. If it can be implemented by Q3 2015, you will be able to buy/sell Precious Metals with Uno, along with other major cryptocoins and if you would like to cash out, you will be able to withdraw as UNO (with no additional premium/fee) or physical bullion (with a constant premium + shipping) and most of our customers know that we apply one of the lowest premiums in the planet! Therefore, that physical cashout premium will be reasonable.
There are two nice examples which inspires us. One is Bullion Bitcoin from UK (https://bullionbitcoin.com/) and the other is Provident Metals (https://www.providentmetals.com). What do you think about this exchange? To me, it's like turning into fiat with UNO.

[IMZ]

@ Coaex: I hope that bullion dealers (in different nations) become the core of the Uno merchant network.

[BitcoinNational]

@ Coaex: I hope that bullion dealers (in different nations) become the core of the Uno merchant network.

@ cOaEX:  Bullion Dealers will be the core of the Uno merchant network, and you are earning a spot at the head of the table
Keep it up !

"The altworld is watching to see if a community like ours can keep it together, ride out the tough times and lay a course for the future."
Woo hoo!
+1

 
From first hand experience big players silently lurk and watch.  

@IMZ
See you and Ian in Singapore.  Much to discuss.  But yes I think the real life meetup foundational forums will be three :: SEA, USA, Europe ... we should stagger the dates so attendees can 'cross' attend.  

@FKnf
Thank you but the graphic is so so.  I think my dates are within 48hrs.  Must recalculate before I take bets greater than 1kg un

@all
After doing the graph I had an "Oh Wow" moment.  Specifically 2018 ... about 1000days from now ... BTC will still be producing 12.5/block ... UNO will produce less than 200kg (BTC production 1.5hrs) in a year.  Let's just assume that BTC continues to fall in price, why GRAVITY.  But in has massive volume and slowly drifts south over these 3 yrs.  I estimate BTC @$70 2018 .... meaning it only needs a mere $135,000 in new investment/day/everyday.  But now we've got 4years negative 'investment returns' for the BTC hopeful.  Mature coins (doge, quark, uno) will have long since proven themselves.  ix ... yes that coin ... will likely challenge BTC for price in the 10min network.  And the BitcoinFoundation/WinkWink will still be singing the same tune ... "BTC $10k-$100k we swear!" ... yes if you can wait until 2036 and ignore all the alts that have ROI.

But millions in ASIC tech (an entire industry) will be looking for alt chains to mine.  3min, 30sec, 45sec, 60sec readying and waiting.  So lets get ready for 2018 ... what we need to do in 1000days :  1. the merge(ability)[with who?]  2. the color coins [I suggest QORA taps into 180secSHA]  3.RentaHash Adoption [Genesis thank you very much]

The way I see it is a no brainer ... all the pieces are already in play we just need to nudge them persistently in the right direction ...

"The Way is Simple.  The Path is Clear. The Worlds first REAL rare crypto asset."

[IMZ]

Please read this tl;dr version:

this 'liquidity engine': most people here are serious long-termers. We all have portfolios. Would you like to see Un-Ex as perhaps the second-highest-volume Uno exchange within three years? (and maintain trading-volume otherwise.)

Well, what if 3% of your portfolio was in Bitcoin or fiat, on Un-ex -- pretty much permanently -- to buy packets of 'incoming' merchant Uno? especially if it were for (only for?) a world-wide network of bullion dealers? (and we get discounts)

Merchants would get the going rate. On the spot. 24/7 And through various in-house stratagems , we can create a slight but constant upward pressure on price.

All that coin would stay in strong hands (Way to bleed the Cryptsy wallet!) Un-Ex makes more sense as the size of trades gets bigger, and there are no security issues -- Un-Ex could suffer a glitsch, but it can't be hacked.

?

[BitcoinNational]

in this vein of thought too ... UNO Foundation ... made real simple

Block Chains have a really neat feature that few utilize.  

Permanent storage, almost like a burn but with the out option.  But the goal is to be a virtual burn'd amount.

EXAMPLE
TTs wanting to join must show an account holding 100kg for 6months.  Fixed and Frozen.  

Foundation Members must show an account holding 1000kg for 12months.  Fixed and Frozen.

Many varieties and flavors (all with psuedo-ness) can be conjured up.  

These permanently frozen accounts could even be trade-able assets.

[all just food for thought]

----
I motion for the global Uno Conference August 17, 2017

Prior to the summit there will be regional meetups:

USA :: North, East, West, Midwest, South + Central America and South America

SEA :: Singapore, Georgetown, Bangkok, Hong Kong, Seoul, Banglore

EURO :: Amsterdam, Istanbul, Tallin, London, Athens, Cyprus

[IMZ]

@ B.N.! That's (almost) 'equity DVC!' I took this post down 'cause I thought it was premature.

http://indiamikezulu.com.au/478/uno-equity-to-back-dvc/

Anecdote on How A Liquidity Engine Works:

anyone ever drafted sheep? Sheep farmers never just bung a bunch of sheep on a truck, and take them to market. Firstly, they are put into yards and 'drafted':

Bloke up the road wants a lamb to be a pet.

These skinny sheep go to the market on the East -- hobby farmers will give better prices for sheep to fatten.

All these prime sheep go to the abbatoir to the west.

These guys are too skinny -- hold them for a month: next market.

My point here is that a Un-Ex liquidity engine doesn't really increase the amount of coin traded*, but the 'drafting-yard function' will facilitate a range of stratagems that will put some control back in our hands.


*Actually, it will -- we'll return to this.

[cragv]

I'm on board with the last 4 posts. Am but a spectator in Learning Mode for now, but it is exciting to be a participant as this great experiment unfolds!

[IMZ]

@ cragv: we gotta Verify Prominerone. I shall ask your advice on the anti-faking-it method.

[rikkie]

I had some troubles with my wallet some time ago.
I just have restarted with the wallet 0.9.5 and it works perfect.
All my coins are coming in.
WOrks perfect. I'm glad.

[FallingKnife]

I had some troubles with my wallet some time ago.
I just have restarted with the wallet 0.9.5 and it works perfect.
All my coins are coming in.
WOrks perfect. I'm glad.

Hi, rikkie!  It's good to read your comments. Welcome to the Uno forum.

[rikkie]

The last time it was very busy for me with my work and helping my kids.
I didn't have much time to follow the "world of coins".
Now i'm a week free from my work and have some more time.
Unobtanium was a coin that take my interest from the beginning about a year ago i think. There was no premine and not a big amount of coins, not millions or even billions.
this is certainly a coin i'm gonna keep on following.

[SgtMoth]

anyone have some updated nodes for the wallet, having troubles starting mine

[FallingKnife]

anyone have some updated nodes for the wallet, having troubles starting mine

Did you try the nodes listed in the OP? I updated them a couple of weeks ago.

[BitcoinNational]

@SGTmoth ... sorry don't know the 'nodes' best I can do is post some peers.  But any of the mining pools should do.

@yall technically SMART dudes ... We need a links to NODE posts in the OP ... basically 2-4 technically smart persons maintain a blog post / forum message with up-to-date node list /// same list of list in the OP for the open pools ... any volunteers?  (Knife will not have to constantly keep and updated list this way ... just repost occasionally the better list)

EXAMPLE
#Addnodes as of 12-1-2014

Code:

addnode=chainz.cryptoid.info
addnode=coinwallet.co
addnode=cryptap.us
addnode=allcrypt.com
addnode=bleutrade.com
addnode=coinpayments.net

https://bitcointalk.org/index.php?topic=527500.0

@M ... equity DVC ... this is one level up better than 'Permanent storage' ... you hit the key word ... EQUITY ... proving you've held uno on the blockchain thus grants equity points ... bonus for HODL'rs!

But the concept (if I read right?) with this pass to the TT on the left might be 'Halo' without the messy code.

In effect ... Alice gives Bob 10kg of UNO 'her Equity' (Bob is the Trustee/Custodian) ... If Bob goes bad/rogue then he forfeits 'his Equity' held by Charlie ... Bob's 10kg goes to the Blue Crypto Fund.  [I would rather give it back to Alice since she's now out 10kg] .... Another twist to help the Blue Crypto Fund ...  

Layer1 >> Bob goes rogue but Alice gets 10kg back (Bob's Equity held by Charlie)

Layer2 >> pass to the TT on the right 1kg ... Bob also put 1kg of equity in Alice's keep ... she pushes that off into the Blue Crypto Fund.

THE SCORE::
Alice (-10kg+10kg) ........ evens
Blue Crypto Fund (+1kg) .. +1kg
Bad Bob (-11kg+10kg).... -1kg

++++++++++++++++++++++++
now for real SuperMax Game Theory

We assumed Charlie is a good guy.  I also assumed a trading house the size of Gox would never go rouge ... ha ha cry

But we can chop Charlie into the whole TT list ... A-Z super distributed ... so everyone but Alice holds a slice of her 10kg.

[BitcoinCharlie]

@M ... equity DVC ... this is one level up better than 'Permanent storage' ... you hit the key word ... EQUITY ... proving you've held uno on the blockchain thus grants equity points ... bonus for HODL'rs!

But the concept (if I read right?) with this pass to the TT on the left might be 'Halo' without the messy code.

In effect ... Alice gives Bob 10kg of UNO 'her Equity' (Bob is the Trustee/Custodian) ... If Bob goes bad/rogue then he forfeits 'his Equity' held by Charlie ... Bob's 10kg goes to the Blue Crypto Fund.  [I would rather give it back to Alice since she's now out 10kg] .... Another twist to help the Blue Crypto Fund ...  

Layer1 >> Bob goes rogue but Alice gets 10kg back (Bob's Equity held by Charlie)

Layer2 >> pass to the TT on the right 1kg ... Bob also put 1kg of equity in Alice's keep ... she pushes that off into the Blue Crypto Fund.

THE SCORE::
Alice (-10kg+10kg) ........ evens
Blue Crypto Fund (+1kg) .. +1kg
Bad Bob (-11kg+10kg).... -1kg

++++++++++++++++++++++++
now for real SuperMax Game Theory

We assumed Charlie is a good guy.  I also assumed a trading house the size of Gox would never go rouge ... ha ha cry

But we can chop Charlie into the whole TT list ... A-Z super distributed ... so everyone but Alice holds a slice of her 10kg.

Sounds awesome! I won't flake out on you. Just don't chop me up! 

[BitcoinNational]

Charlie we swear not to chop you up!

----
Now think the chop chop not exactly right.

Thinking BitcoinCharlie is right 'Don't Chop Up Charlie' ... would that be chunks of Chuck?

Better:
1stDVC Alice gives Bob 10kg / Bob gives 11kg to Zed as insurance
2ndDVC Alice gives Charlie 10kg / Charlie gives 11kg to Yankeedoodle as insurance
3rdDVC Alice gives David 10kg / David gives 11kg to Xdude as insurance

Outcome:
Bob is a good guy ... Zed pays him 11kg
Bob is a bad guy ... Zed pays Alice 10kg and 1kg to the Blue Crypto special "We need an actual game theory PHd to Okay this" Fund

Problems:
The next guy in line (the Custodian) will always be 1kg at risk, until the next DVC is issued and the risk continues down the line.

The Custodian holds 10kg in trust, and is Bonded 11kg.

The Custodian's Custodian is up 1kg.  

[prominerone]

@ cragv: we gotta Verify Prominerone. I shall ask your advice on the anti-faking-it method.

Yeah the Verifying is very important! Let me know.