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Author Topic: [UNO] Unobtanium Info & Discussion - Merge Mine w/BTC! - Update NOW to qt 0.11.0  (Read 1039829 times)
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January 01, 2015, 04:40:04 AM
 #5001

@FK: I don't understand the thing about "get more people with Uno wallets on Bittrex. If you trade there, be sure to create a Uno wallet."

@ Benefactor: woo hoo!! Equity DVC (experiment) in April! I will put up 250 Uno (10 DVC? -- 'redundancy'?)

m
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January 01, 2015, 05:45:04 AM
Last edit: January 01, 2015, 11:03:08 AM by BitcoinNational
 #5002

2.  send UNO to new address
3.  publish address +How long you pledge not to touch
This is exactly what I've been meaning to propose for months.  Never did get around to it.  Stunning, really.

Needless to say, I think this is an excellent idea!  Let's do it in March/April.  Wink

I like April.  1st or 3rd or 11th or 15th or 20th.

Gives us time to consider our personal budgets [cold stores vs trade-ables].  April 15th might be the easiest to remember and can segway to bi-monthly new entry dates.  eg. June15th, Aug15th, Oct15th, Dec15th, Feb15th, April15th.

Also the DVC side needs to be plotted out, terms and conditions.  In short, you can sell your "cold stored Equity" via DVC.  And buy it back.  The tricky part is on custody since the funds are frozen and it makes no sense to thaw them out.  So the issuer is the holder "custodian/trustee" but title is transferred by DVC.  

My attempt at making sense or nonsense Smiley
So it is like buying a future (stock option)?  The DVC should be priced in the 1:10 range?  10DVC equity =  1uno :: buy DVC for 0.1uno and redeem or settle for DVC+0.9uno=1UNO paid by custodian.  The buyin price is burned into the DVC.

Redeemer can claim on specific dates and at rate 1uno-minus burned buyin price.  All this loopy thinking is to reduce risk in case of bad custodians.  Which I don't think is a problem for TTs at this stage but when we expand to 50-200 TTs it will be.   Best option, low risk so buy in is 0.01 UNO for top rated TTs and something like 0.0075 new TTs.  

1. 1cent on the dollar idea, but pay the remainder on redemption claim.
2. DVC floats on freemarket
3. Some DVC are burned buyin price 0.01 / some burned buyin price 0.0075 plus each is backed by specific custodian (just like FDRs) ... so DVC equity is not fungible they vary on the particulars.  

THEORY A ... liens on cold stored UN
Means you can borrow against your cold stored UN.  But in this case it makes little sense to allow the debtor to hold his own collateral.  This requires transfer to an escrow agent, defeating the cold store principle.  But TTs could probally figure a way to create an instrument like this in the future.

THEORY B ... yield generating deposits
Your cold stored UN earns you 'credentials' and receive interest (CDs certificates of deposit).  

THEORY C ... stock option
You sell a DVC that grants holder the rights to buy UNO at fixed btc/$ @ fixed date.

THEORY D ... stock option << this is what I suggest we test first
You sell a DVC that grants holder the rights to buy UNO at fixed uno @ fixed date.  The end result difference in D & B is little.  

THEORY E ... stock option
For most trusted 5star TTs ... they hold your UNO 'in trust' and get a small fee ... BUT this is monitored via the blockchain because they have pledge a large sum for a long time ... so to pay you back they can not touch their 'cold stored sum' ... in essence they are the top rate vault keepers ... on the level with UN stored at exchange houses, or eWallets.  You pay them 1.005 UNO -to- 0.995 UNO to get a dvc worth 1uno in the future.

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IMZ
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January 01, 2015, 07:00:05 AM
Last edit: January 01, 2015, 07:22:57 AM by IMZ
 #5003

" In short, you can sell your "cold stored Equity" via DVC."

PM sent. But to make it simple:

250 Uno at a time are 'frozen.' Thus, the 'distributed vault' contains both Uno and silver. 10 DVC are issued for the 250.

We can 'unpack' DVC if needs be -- don't forget that we already have a hefty 'redundancy': there are only 26 ozs' worth of DVC in circulation, but 36 ozs in the vault.

But let us use no further terms, nor allow further complications -- or people simply won't bother.

Uno-in-chunks are 'frozen'; DVC are issued; the possiblity of 'unpacking' is always there.
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January 01, 2015, 09:17:30 PM
 #5004

"Potatoes man" style Dumperamero is still active on Cryptsy .

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January 01, 2015, 09:19:33 PM
 #5005

"Potatoes man" style Dumperamero is still active on Cryptsy .

Is that the market genius that sells 69 UNO at a time? 

Z

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January 01, 2015, 09:27:06 PM
 #5006

"Potatoes man" style Dumperamero is still active on Cryptsy .

Is that the market genius that sells 69 UNO at a time? 

Z
Yeah exactly. He is waiting for any buy order over  .0060 and he brings the "potatoes " action.

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January 01, 2015, 09:41:40 PM
 #5007


He gives us a time and chance to buy very cheap. Thanks for that.
I wonder how much ammunition this potatohead guy have left?

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January 01, 2015, 10:01:17 PM
 #5008



lol
the evil potatoe-man ; a new meme for uno  Grin

i think not to worry, just to chill out. Maybe potato wants to sell more cheap coins? Why not let him sell cheap?

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January 01, 2015, 10:21:14 PM
 #5009

You guys crack me up!! Evil Potato Man will haunt my dreams.

@ merged-mining Big: had a look. Nuh.

" There are three separate storage sites for the reserves. One private location, one bank deposit box, and one gold vault facility which is independently audited yearly.  Based on this coins progression we will also submit ourselves to an independent audit by a CPA firm on yearly basis.  Our parent company who has provided the working capital for this project will require us to be audited anyway."

If you're gonna launch a pegged coin, then the details of the resource, right down to the annual maintenance costs, should be public and verifiable. The statement made here only arouses suspicion.

@ Deutsch spraken-ers: I noticed that almost all the folks on the German-language thread post here. Bless you for your bi-linguality. ('Mono-lingualism' is a sad weakness of Australian culture.)

My point is: if you guys want to set up a P-WIP facility for German speakers, in Euros (or Deutschmarks by the end of this year -- hell, who knows?!), that would be a great idea. During one of the earlier 'manual exchange' experiments -- Un-Ex is the 5th! -- we 'X-WIPped' coin (crypto-to-crypto) with South Koreans; and it went quite well.
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January 01, 2015, 10:46:39 PM
 #5010

potato-trader lmao!

Big isn't that good.

Why was parallel coin not good? Because trex delisted it? Are you serious? Get parallel coin back on another exchange. Trex  is only good for a week - they don't help new coins to come up. They always delist markets before mature. All they have is pump and dumps.

german thread will be bumped so noobs with no english skills will know where to go Wink
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January 01, 2015, 11:31:13 PM
 #5011

paralellcoin was Blazr-style fair launch and nothing wrong with it.

Only 'problems' were: did not attract pump and dumpers or hype because came without much bells and whistles, no roadmap and not much glitter. So it wasn't pumped and dumped and trex delisted it. So fuckin' what?
I'd strongly recommend to get it back on smaller exchange and raise it from there. And note for the future: if you have a serious longterm coin do not list at bittrex only.
I hope that chain is still alive.

Other coins just have too much problems attached to them to make any use of them. If you want a clean coin go to uncle Blazr2 - you don't get fair coins in other places. Period.  Wink
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January 02, 2015, 12:54:23 AM
 #5012

Is the chain still alive? (Wow -- not much information available)

Baby baby steps: taking on a 'new' coin risks diluting Uno; but discussion is worth having (IMHO)

M
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January 02, 2015, 01:29:32 AM
 #5013

Is the chain still alive? (Wow -- not much information available)

Baby baby steps: taking on a 'new' coin risks diluting Uno; but discussion is worth having (IMHO)

M
agree dont want to dilute $UNO

downloaded parallel wallet and it couldn't connect to anything...

Unobtanium - The crypto commodity you keep! |
Hate Inflation? You'll love $UNO
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January 02, 2015, 02:06:55 AM
 #5014

BEFORE

AFTER(It's like being tarred and feathered, except he does it to himself.)
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January 02, 2015, 02:09:06 AM
 #5015

Thanks for that back-up, B.C. One the one hand, knowledge is power. But there's a phenomenon in libertarian political dynamics that I have seen over decades: at about this point in a project, there's the temptation to over-reach (humans prefer novelty to endurance . . . ).

Let's not go there!!!

m
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January 02, 2015, 02:20:31 AM
 #5016

endurance, simplicity, scarcity and reliability are worth much, much more than only novelty in coins.
(it's new today but worthless tomorrow)
Coins that get their value only from hype and being the latest thing aren't good to store value longterm.

I see a gap in sellorders. When Mr. potato finally has his act together we'll be at 8 directly. 7 will be an issue of 10 minutes.
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January 02, 2015, 03:21:08 AM
Last edit: January 02, 2015, 03:41:25 AM by BitcoinNational
 #5017

RE: merged mining

The point is more to demonstrate that UNO is keeping up with the big boys ... BTC, LTC, VERT have merged mining ... well so to will UNO.  It is a signal that UNO is able and capable to do what ever the big boys do too.

I care x999 more that UNO gets some merged coins than what coin it is.  The only point I think that has any long term impact is the name of the merged coin.  That's the only dilution I can see.  Its nice to have some sex appeal and theme in the pairing.  'BIG' is about as cool as a ticker name gets ... and the history of the launch could be a complete scandal ... in 6 months know one cares ... they will only say cool or sucky name.    

scorecard
999 UNO has a growing collection of merged coins
011 the merged coins have a cool brand name / help create a naming theme
001 the prehistory of said coin


See the forest from a mountain top, rather than the details on any one leaf under a magnifying glass.

There is a very real possibility for SHA256 block speed 180secs to challenge the biggest of them all.  

If that argument is to be made then UNO will have to have merged coins, a test net, and even an 'color coin / asset coin platform' attached.  
It is a marathon not a sprint.  

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January 02, 2015, 03:47:45 AM
 #5018

@BN, please excuse my ignorance, but is the point of merged coins simply to make it advantageous for mining? If so, wouldn't you need an identical blockchain for it to work? (To put it another way, doesn't different blockchains mean different calculations are required?)

Love to understand more on this point though. Any and all explanations appreciated! Thanks Smiley
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January 02, 2015, 04:05:28 AM
 #5019


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January 02, 2015, 04:07:51 AM
 #5020


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