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Author Topic: [UNO] Unobtanium Info & Discussion - Merge Mine w/BTC! - Update NOW to qt 0.11.0  (Read 1039876 times)
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gustav
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January 06, 2015, 01:25:50 AM
Last edit: January 06, 2015, 01:47:13 AM by gustav
 #5181

it's constant good news in here. I like that  Smiley


vote for uno here:
https://bitcointalk.org/index.php?topic=913172.0
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January 06, 2015, 06:51:29 AM
Last edit: January 06, 2015, 11:21:40 AM by BitcoinNational
 #5182

options

A. Plan Let's be NameCoin
Merge with BTC network >> uno FORKS and becomes 10min blocks >> all the coins go to the big fish (super powerful mining companies)

B. Plan Let's be Via/SysCoin for the SHA network
AuxPow from any/all SHA network  >> uno FORKS  stays 3min blocks >> nearly all the coins go to the big fish (super powerful mining companies aka BTC miners) but Maza, Terra, Zeta and any other network can contribute Hash power to the UNO network.  Uno gains hash at levels of IO, DEV, and if the price rises UNO hash = NAME hash.  In theory UNO network could be bigger than BTC network.

C. Plan Let's be the Alternative network to BTC network
Merge ZETA(or other) into UNO network >> uno does not FORK >> zeta Forks to gain a better network (x24 more Hash power) Uno gains too (maybe x1.05 more Hash immediately but as Zeta rises in price it helps attract miners to Uno).  Because to mine Zeta you mine Uno. Same way NAME is mined you mine BTC.  

bb. Plan Let's help smaller networks by letting them mine UNO too
Create and help fork into other networks UNO specific AuxPow code & UNO specific AuxPow pools >> uno does not FORK >> other coins fork but can mine UNO on the side.  Uno gains (maybe x50-100 more Hash) but network gains will be slower to realize.

mp. Plan Mine Mine Mine
Focus on Multipool.  See Jumbucks above.  Other coins are mined and sold to buy UNO.  This eventually becomes a zero sum game, or the 'Most Popular' coin to mine wins and the 'Most Popular' coin buy loses.  So miners vs. buyers/investors.  Miners winning the battle.

bp. Plan Buy Buy Buy
Focus on price.  Raise uno to $20/kg.  And you will get (options B. & mp.) free with out any work ... the reward is everyone mines UNO and dumps it to support their coin of choice.  So miners vs. buyers/investors.  Buyers/investors winning the battle.

----

Our destiny is the combo of plans [C.+bb.+mp.bp.]  This sets up uno as 'the' alternative network with real teeth.

plan B.  will make us a great coin ... but will need to fork ... PLUS in the short term we will see a boost in Hash power ... BUT we will end up being 90% consumed by the centralized powers of "The Bitcoin Network"TMas uno prices rise ... but this maybe 2 or 3 years so independents can mine for sometime ... all in all this is just plan A. the long way with the bonus theory that UNO network could be bigger than BTC network.

plan A.  we lose.  We are just another free coin for the centralized powers of "The Bitcoin Network"TM we are no cooler than i0 coin.


-----
fun fact UNO has $1 for every $40 of doge capital ... i think this is awesome ... it shows we can hold the bottom line $VALUE ... all it takes is a little spark and we have a top-notch NAME brand waiting to be discovered.

sort version: got NAME & got $VALUE

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January 06, 2015, 06:59:03 AM
 #5183

I'm glad we can discuss this openly. Anything impacting Uno in a such a big way should be vetted by the community.

It's a good exercise to talk it out. You guys raised merged mining previously as an option. If it's a bad idea, I'm sure someone will point out exactly why. That's why it's open source.

If Blazr/Bryce decide to do it, we should all understand it enough to be able to embrace the decision. Maybe they'll come along and sink the entire idea with one sentence. It's their judgement that matters here more than mine. But if there's a better way, we should find it.

+100

That's open source spirit.
Also important to have everyone on board with it.

Waiting for word from the devs.

This is how it's supposed to work!
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January 06, 2015, 09:48:37 AM
 #5184

another round of voting please:
https://bitcointalk.org/index.php?topic=915569

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January 06, 2015, 11:09:39 AM
 #5185

@ balu2: done

DVC has 16 coins in circulation, trading at a premium; and Un-Ex is giving us a small alternative to Bitstamp and Co.

If you can arrange any sort of trade in your national currency -- fact-to-face, by Internet-banking, by PayPal perhaps -- please do. The 'national chapters' thing is gonna look less and less silly as things go pear-shaped.

The Wisdome of balu2: "i don't want to trade against bitcoin much longer."
m
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January 06, 2015, 11:28:50 AM
Last edit: January 06, 2015, 12:39:31 PM by BitcoinNational
 #5186

The Wisdome of balu2: "i don't want to trade against bitcoin much longer."

He's not alone on that opinion.  BTC:ltc volume ratios last 24hrs 2:1
normal ratio is 10:1 (x5)


edit: 
BTC/$ vs ltc/$
measure of volume each generates 


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cragv
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January 06, 2015, 12:21:55 PM
 #5187

The Wisdome of balu2: "i don't want to trade against bitcoin much longer."

He's not alone on that opinion.  BTC:ltc volume ratios last 24hrs 2:1
normal ratio is 10:1 (x5)



To be fair with this trading pair, volume is not exactly usually high and just a couple of moderate sets of trades in the last 24 hours will skew a 24 view. Same with XRP to a lesser extent, yes? In any case, I'm with balu2 and co - bye bye bitcoin, buy buy unobtanium Smiley
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January 06, 2015, 04:05:14 PM
 #5188

I'm glad we can discuss this openly. Anything impacting Uno in a such a big way should be vetted by the community.

It's a good exercise to talk it out. You guys raised merged mining previously as an option. If it's a bad idea, I'm sure someone will point out exactly why. That's why it's open source.

If Blazr/Bryce decide to do it, we should all understand it enough to be able to embrace the decision. Maybe they'll come along and sink the entire idea with one sentence. It's their judgement that matters here more than mine. But if there's a better way, we should find it.

Two notes to add to the Merged Mining/AuthPow discussion.

First, I heard from Bryce, and he has already been considering Merged Mining Uno with Bitcoin. He thinks it could be a good long term solution to hash concerns. He wants to look into it further, but seemed very positive on it. He also said he would like to hear Blazr2's thoughts on this, as would I. A couple of his Blake256 coins are merged mined, so Bryce he has good experience with doing this.

Second, I received a reply from one of the pools I reached out to about merged mining. Mmpool.org said they would be very likely to add Uno if/when authopow becomes available. They currently mine at about 235 ths, 10x our present hash.

It's not a done deal, but there seems to be a growing consensus that it's a promising option. I am convinced that we as a community can pull this off if it's implemented.




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January 06, 2015, 05:01:48 PM
 #5189

another round of voting please:
https://bitcointalk.org/index.php?topic=915569



vote, vote, vote

100 votes counted. Don't fall behind bitcoin!  Wink
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January 06, 2015, 06:09:05 PM
 #5190

another round of voting please:
https://bitcointalk.org/index.php?topic=915569



vote, vote, vote

100 votes counted. Don't fall behind bitcoin!  Wink

done
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January 06, 2015, 06:20:21 PM
 #5191

another round of voting please:
https://bitcointalk.org/index.php?topic=915569



vote, vote, vote

100 votes counted. Don't fall behind bitcoin!  Wink

done
Done

Unobtanium - The crypto commodity you keep! |
Hate Inflation? You'll love $UNO
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January 06, 2015, 06:45:58 PM
 #5192

Done

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January 06, 2015, 08:16:07 PM
 #5193

Done. Thanks Balu2

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January 06, 2015, 11:14:57 PM
 #5194

@ FK/merged mining: I feel confident in the process. Thanks for your efforts.

Mark (IndiaMikeZulu), Australia
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January 07, 2015, 12:34:15 AM
 #5195

@ FK/merged mining: I feel confident in the process. Thanks for your efforts.

Mark (IndiaMikeZulu), Australia

As do I; I'm now comfortable with the idea after the quality discussion here. Thanks FK and others!
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January 07, 2015, 02:29:45 AM
 #5196

Well, it's another non-Bitcoin trading-pair. You can trade Supernet itself within the Nxt wallet, and it's been doing well.

m
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January 07, 2015, 03:38:39 AM
Last edit: January 07, 2015, 03:50:57 AM by BitcoinNational
 #5197



we can have merge to BTC network as an option of very very very last resort
like not until at least 4 more halving before we even move it to "Possible"

Until then we fight like a champion  ...

This Zeta option is hot (Z is at sustain mining phase) ... UNO is nearly there too.

Our combined message regarding inflation and value growth may just land a very serious blow to BTC ... very serious.

Even at $1 BTC their network costs $3600/day to run (and at that point for $13M in market cap) ... BTC is a joke a sick joke ... it is exactly the same as a bank charging you $1 per $3500 per day.  Let me repeat that.

No matter how much money you pour into the investment.  No matter how much the BTC price rises or falls.  

You are being billed $1 per day per $3500 ... in other words ... you are taxed more than $1 per $10 per year.  

THAT'S BTC >> 10% TAX PER EVERY $1 INVESTED << This message combined with the Uno-Zeta solution to this problem is BIG! Smiley


---
ps Hello supernet.org Smiley

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January 07, 2015, 04:55:32 AM
Last edit: January 07, 2015, 05:18:52 AM by IMZ
 #5198

Pardon me asking, B.N. I have a lot to learn here.

We have watched hundreds and hundreds and hundreds of cryptos disappear into the darkness in the last 14 months, and strange stuff is still happening -- both in and out of the crypto world.

And if Unobtanium 'nearly' has a sustainable mining rate, then it still doesn't have a sustainable mining rate.

I really do understand your dislike of Bitcoin; but we are a smart smart community: if kissing Bitcoin's sweaty behind is the best option for us, should we not just do it right now?

m
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January 07, 2015, 06:25:11 AM
Last edit: January 07, 2015, 06:36:50 AM by BitcoinNational
 #5199

And if Unobtanium 'nearly' has a sustainable mining rate, then it still doesn't have a sustainable mining rate.

True.  If UNO goes to $1000/coin tomorrow then we must pay the miners, the POW network, $15,000/day.  I think that is a bit much.  But we will only have to pay $4000/day around November.  BTC @ $1000/coin must pay $3.6M/day.  

This makes UNO 900x more efficient at securing value on a SHA256 network.  Does this sound appealing?  And it gets more and more efficient as we approach year 2020.

I really do understand your dislike of Bitcoin; but we are a smart smart community: if kissing Bitcoin's sweaty behind is the best option for us, should we not just do it right now?

Strong No to merging with Bitcoin.  
1.  UNO network is in a comfort zone still, and shows all the signs of continued growth.  

2. There is no incentive at this time to concede defeat, we can strive for defeating SHAblock 10min, it may appear a slim potential but it is very possible.  Don't bend a knee to btc, UNO is better suited to be the 'Challenger' to BTC.  We stand to gain fame and honor.

3. Until other sha256 networks (at least of half the strength of UNO) are under attack then there is little reward to blending into the BTC network.  As long as the UNO network is reasonably secure then the risk of attack is very low.  Note: not even 5 Mh/s junkie scrypt coins are being attacked so far.

4.  There are already 2 chains on BTC that are ZERO inflation (transaction fee only) ... UNO would be 3rd rated best inflation rate on SHAblock 10min.

NOTE: once we reach the sustain mining rate of production then the dynamics change.  For right now UNO is a 'Fair Distrubution' not a 'BTC side chain' kind of coin.

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January 07, 2015, 06:32:07 AM
 #5200

"UNO network is in a comfort zone still, and shows all the signs of continued growth."

Thanks, B.N. Reading and learning, me.

m
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