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

[Benefactor]

Like technology increases the slope of a productivity curve, I can't wait to see scarcity raise the valuation curve in this experiment.  

[FallingKnife]

guys, this can easy stick around at 0.02 to 0.03
easy!
Low supply, you know ... the reason you bought it ...

But if you dump in the buysupport like a tribe of apes it'll be a) not stable b) volatile and c) lower price

Just put some supply on the books and chill out a little instead of causing volatility  

"Sell in small pieces"
+1

You better don't sell one large package but many small ones - this will also simulate a market with more participants and make for better trends and more relaxed trading experience. Bene has that right.

Lol.  Here's a thread from 11 months ago of Gustav and me talking about Uno.  We both were -- and still are -- believers in Uno at .03.

Uno is on it's way up, over the long term.  Buy it at a good price, and if the pumpers step in and take us too far too fast, then sell it on them.
I have a % of Uno that I play with. The rest is just scattered across multiple addresses and forgotten.  I don't even see it my main wallet so that it's out of sight and not tempting.   We'll keep slowly buying up the market, and if necessary we'll dump on the pumpers.  We are the distributed stability fund.

This is what the long timers are doing. We're here for the long term.  Uno is going to go up.  But if it tanks and goes really low, that's ok.  The dumpers might be done but we're not.  We don't have to prove anything by posting a buy wall for vampire/potatoes to dump into. Let them sell it to us cheap. We'll buy it back up eventually.  No rush.  We all know where Uno is going. Getting there is half the fun.

If you want to vet the long timers here, just go back and read Blazr2's Uno launch thread.  We are in this for the long haul. We operate in public, not in kiddie chat rooms. You don't need to pay me for access to a secret chat room to understand what's happening with Uno.

All I ask is that we keep our top four markets semi-liquid. There should be coins to buy. This helps the outreach to bring in new community members.  It just looks really bad when there are no coins for sale.  I had been carrying some of the exchanges for months, but I need help with it. I lost 400+ Uno on Mintpal, and I think the risk should be a little more distributed than it has been. If you can help with 50 or more Uno on Trex/Bleu/Allcrypt, that would be tremendous.

Edit:
Yes its true. In that  thread I linked to, I said: "One other suggestion:  ... keep your UNOcoins off the market! Don't just roll them up to .02; keep them scarce!"   I have evolved on that opinion since.  11 months later, I think there needs to be a reasonable supply of Uno on exchanges for trading (including Un-Ex).

[IMZ]

Dawn, I'm reading:

"Unfortunately, UNO is a small market.  We may have quite a lot of dedicated long-term buy-and-hodl'ers, but temporally, there are holes in time when market liquidity is weak.  Actually these holes can be pretty wide."

True, B.; but by the same token, this makes Core-tanium all the more effective. Thirty Uno HODLers with a Bitcoin a piece in reserve would be howitzers of power.

The principle of Core-tanium is that the fiat and Bitcoin that is not 'in' Uno is still actually an effective part of Uno's market cap -- it is 'in' Uno.

[gustav]

guys, this can easy stick around at 0.02 to 0.03
easy!
Low supply, you know ... the reason you bought it ...

But if you dump in the buysupport like a tribe of apes it'll be a) not stable b) volatile and c) lower price

Just put some supply on the books and chill out a little instead of causing volatility  

"Sell in small pieces"
+1

You better don't sell one large package but many small ones - this will also simulate a market with more participants and make for better trends and more relaxed trading experience. Bene has that right.

Lol.  Here's a thread from 11 months ago of Gustav and me talking about Uno.  We both were -- and still are -- believers in Uno at .03.

Uno is on it's way up, over the long term.  Buy it at a good price, and if the pumpers step in and take us too far too fast, then sell it on them.
I have a % of Uno that I play with. The rest is just scattered across multiple addresses and forgotten.  I don't even see it my main wallet so that it's out of sight and not tempting.   We'll keep slowly buying up the market, and if necessary we'll dump on the pumpers.  We are the distributed stability fund.

This is what the long timers are doing. We're here for the long term.  Uno is going to go up.  But if it tanks and goes really low, that's ok.  The dumpers might be done but we're not.  We don't have to prove anything by posting a buy wall for vampire/potatoes to dump into. Let them sell it to us cheap. We'll buy it back up eventually.  No rush.  We all know where Uno is going. Getting there is half the fun.

If you want to vet the long timers here, just go back and read Blazr2's Uno launch thread.  We are in this for the long haul. We operate in public, not in kiddie chat rooms. You don't need to pay me for access to a secret chat room to understand what's happening with Uno.

All I ask is that we keep our top four markets semi-liquid. There should be coins to buy. This helps the outreach to bring in new community members.  It just looks really bad when there are no coins for sale.  I had been carrying some of the exchanges for months, but I need help with it. I lost 400+ Uno on Mintpal, and I think the risk should be a little more distributed than it has been. If you can help with 50 or more Uno on Trex/Bleu/Allcrypt, that would be tremendous.

Edit:
Yes its true. In that  thread I linked to, I said: "One other suggestion:  ... keep your UNOcoins off the market! Don't just roll them up to .02; keep them scarce!"   I have evolved on that opinion since.  11 months later, I think there needs to be a reasonable supply of Uno on exchanges for trading (including Un-Ex).

i have observed: every time you call for 'more supply' the price tends to go up.  

No supply at these prices? Not enough Uno liquidity? Maybe price is too low then ...   (kind of logical)

[IMZ]

Notes on Merchandise on Un-Ex

First it was crypto-crypto trades. Great!

Recently, the first products – gift cards, X-boxes. Great!

Also, crypto-for-bullion, the Holy Grail (and it will keep us occupied for months).

Now let’s cast our eye over the Unobtanium community. (I have been quietly counting . . . ) Whether they have begun formally accepting Uno – like Data Recovery, Melbourne, Australia – or not, there are a number of business people here whose products and services might be ‘woven’ into Un-Ex in one way or another.


[DVC holders already get a discount from one business – gotta publicise this.]

Beyond this, there is the mentoring thing that I have mentioned. Our bullion project is of this type. Our aim is to induct Mr. Crellin into this community in a manner that precludes stress, financial risk, and him having to spend a lot of time figurin’ it all out.

But the Biggie today is:

what products can any members of this community get their hands on – in some bulk -- for us to market here on Un-Ex? Whether physical or digital, if we can bring fiat and cryptos and merchants and products and community members to Un-Ex in larger quantities, then we must be able to profit in the long run.

[Zelig]

guys, this can easy stick around at 0.02 to 0.03
easy!
Low supply, you know ... the reason you bought it ...

But if you dump in the buysupport like a tribe of apes it'll be a) not stable b) volatile and c) lower price

Just put some supply on the books and chill out a little instead of causing volatility  

"Sell in small pieces"
+1

You better don't sell one large package but many small ones - this will also simulate a market with more participants and make for better trends and more relaxed trading experience. Bene has that right.

Lol.  Here's a thread from 11 months ago of Gustav and me talking about Uno.  We both were -- and still are -- believers in Uno at .03.

Uno is on it's way up, over the long term.  Buy it at a good price, and if the pumpers step in and take us too far too fast, then sell it on them.
I have a % of Uno that I play with. The rest is just scattered across multiple addresses and forgotten.  I don't even see it my main wallet so that it's out of sight and not tempting.   We'll keep slowly buying up the market, and if necessary we'll dump on the pumpers.  We are the distributed stability fund.

This is what the long timers are doing. We're here for the long term.  Uno is going to go up.  But if it tanks and goes really low, that's ok.  The dumpers might be done but we're not.  We don't have to prove anything by posting a buy wall for vampire/potatoes to dump into. Let them sell it to us cheap. We'll buy it back up eventually.  No rush.  We all know where Uno is going. Getting there is half the fun.

If you want to vet the long timers here, just go back and read Blazr2's Uno launch thread.  We are in this for the long haul. We operate in public, not in kiddie chat rooms. You don't need to pay me for access to a secret chat room to understand what's happening with Uno.

All I ask is that we keep our top four markets semi-liquid. There should be coins to buy. This helps the outreach to bring in new community members.  It just looks really bad when there are no coins for sale.  I had been carrying some of the exchanges for months, but I need help with it. I lost 400+ Uno on Mintpal, and I think the risk should be a little more distributed than it has been. If you can help with 50 or more Uno on Trex/Bleu/Allcrypt, that would be tremendous.

Edit:
Yes its true. In that  thread I linked to, I said: "One other suggestion:  ... keep your UNOcoins off the market! Don't just roll them up to .02; keep them scarce!"   I have evolved on that opinion since.  11 months later, I think there needs to be a reasonable supply of Uno on exchanges for trading (including Un-Ex).

i have observed: every time you call for 'more supply' the price tends to go up.  

No supply at these prices? Not enough Uno liquidity? Maybe price is too low then ...   (kind of logical)

You know what's funny?

When the price goes up too fast and everyone is like - NOW, we need some potato dumpers to bring the price down so I can get some more.  Then, the potato dumpers do their thing, and everyone is suddenly... Hmm, damn...

But, as Furry said; This coin is psychological.  It's a psychopath coin...

Z

[TrueCryptonaire]

guys, this can easy stick around at 0.02 to 0.03
easy!
Low supply, you know ... the reason you bought it ...

But if you dump in the buysupport like a tribe of apes it'll be a) not stable b) volatile and c) lower price

Just put some supply on the books and chill out a little instead of causing volatility  

"Sell in small pieces"
+1

You better don't sell one large package but many small ones - this will also simulate a market with more participants and make for better trends and more relaxed trading experience. Bene has that right.

Lol.  Here's a thread from 11 months ago of Gustav and me talking about Uno.  We both were -- and still are -- believers in Uno at .03.

Uno is on it's way up, over the long term.  Buy it at a good price, and if the pumpers step in and take us too far too fast, then sell it on them.
I have a % of Uno that I play with. The rest is just scattered across multiple addresses and forgotten.  I don't even see it my main wallet so that it's out of sight and not tempting.   We'll keep slowly buying up the market, and if necessary we'll dump on the pumpers.  We are the distributed stability fund.

This is what the long timers are doing. We're here for the long term.  Uno is going to go up.  But if it tanks and goes really low, that's ok.  The dumpers might be done but we're not.  We don't have to prove anything by posting a buy wall for vampire/potatoes to dump into. Let them sell it to us cheap. We'll buy it back up eventually.  No rush.  We all know where Uno is going. Getting there is half the fun.

If you want to vet the long timers here, just go back and read Blazr2's Uno launch thread.  We are in this for the long haul. We operate in public, not in kiddie chat rooms. You don't need to pay me for access to a secret chat room to understand what's happening with Uno.

All I ask is that we keep our top four markets semi-liquid. There should be coins to buy. This helps the outreach to bring in new community members.  It just looks really bad when there are no coins for sale.  I had been carrying some of the exchanges for months, but I need help with it. I lost 400+ Uno on Mintpal, and I think the risk should be a little more distributed than it has been. If you can help with 50 or more Uno on Trex/Bleu/Allcrypt, that would be tremendous.

Edit:
Yes its true. In that  thread I linked to, I said: "One other suggestion:  ... keep your UNOcoins off the market! Don't just roll them up to .02; keep them scarce!"   I have evolved on that opinion since.  11 months later, I think there needs to be a reasonable supply of Uno on exchanges for trading (including Un-Ex).

i have observed: every time you call for 'more supply' the price tends to go up.  

No supply at these prices? Not enough Uno liquidity? Maybe price is too low then ...   (kind of logical)

You know what's funny?

When the price goes up too fast and everyone is like - NOW, we need some potato dumpers to bring the price down so I can get some more.  Then, the potato dumpers do their thing, and everyone is suddenly... Hmm, damn...

But, as Furry said; This coin is psychological.  It's a psychopath coin...

Z

Well, I got the coins I wanted already - therefore  I wanted the liquidity (with UNOs on the markets). Now  I have around 700 UNOs (roughly). And obviously I wanted my coins as cheap as possible. Now there is no need for extra coins but I am still supporting the price with my purchases.   However, this is mainly my attempts to help the community to create more demand for the coins into exchanges so it is "unselfish" stuff - I will do it even when the price is up - not just on the low points.
This dump helped me to get a nice addition to my UNO collection.
Normally I do not like dumps but the problem was there were simply too few coins on the market for sale.  
But now I am happy and ready for the Moon.

[vince232]

i wish we can fast forward to year 2020 haha i hope my 30 uno would be worth a lot by that time

[BitcoinNational]

@knife
re: distributed stability fund

This is not 'Core-tanium'
But it is the wild version, do as you will and can, when you can.
The DSF Revolution will not be televised!

But sorry, I have a small disagreement, when the market moves to 2 and then dumps back to 1, the market is not 1 for liquidity ... the mark has moved to +2 range.  Volume can dry up a little as the spread goes wide, this is the natural cycle of markets, and is followed by a bang up or down.

My bets are for a bang UP UP.


@gustav
re: 'increase sellresistance on pumps'    

Strong disagreement.

Have your lines of resistance.  But if the pumpers want to dance let'm have a run at it.   Then back stop (when they eat through).

Keypoint ... Keep you reserves out of play.  Segregated accounts.  

Your hot wallet is for play ( and your can buy real things too with UN )
Habitually ship-out one or two kilograms to the cold storage.

Play at stabilizing price and reduce PnD.
Learn as you go, don't panic, be cool calm and collected.

[IanRidgwell]

Posting on behalf of IMZ-Mark. Its the Mt Barker UNO Crew

[TrueCryptonaire]

Posting on behalf of IMZ-Mark. Its the Mt Barker UNO Crew

G'day mates, hows dat goin in there downunder?  *trying to speak in Oz accent*

[IMZ]

Goin' good, True. Physical meetups are awesome. (Tee hee -- what funny accents you all have.)

@ Gustav, Benefactor, et al.: although I struggle with the reading, I gain a lot from the advice on trading. Thank you.

Reading: Bob Surplus now.

[IMZ]

'Kay. Finished Bob Surplus. The old Un-Ex was about patience, logic, and trust.

The New Un-Ex is about patience, logic, trust, and sex with midget clowns ('especially midget clowns')

[BitcoinNational]

What's the going rate in kilos/UN for sultry midget clowns?

---
We worry too much about this PnD ... the volume does not indicate such.
True we made a big move up but that's the way of price discovery.  Steady Steady BANG!

Things will be bouncy at these ranges.  Further down the road when the freeloaders have been shaken off things will smooth out ... talking $5M-$10M or higher before we need to worry much ... and it might just be choppy all the way ... $3 Billion in Bitcoin evaluation will face an apocalyptic Diaspora someday.

Throw in the GFC and we are all set for quite the tour.    

---
For fun check out the LONG charts on Mega, Vert, Prime, etc ... the same basic mechanics as BTC ... long mining production schedule at high inflationary costs to investors.  Litecoin and Bitcoin are just a bit more popular so their trendline is extra long ... but that trend is constantly down down down.

Now UNO and about 10-15 other low inflation coins are gonna eat their lunch.  

The day is a coming.  You might see one last gimmick (like a pump to $1500) but then another long down bear market.  

The Bitcoin Network charges 4% to move money.  That ain't Right.  There will be an atonement.

[gustav]

@knife
re: distributed stability fund

This is not 'Core-tanium'
But it is the wild version, do as you will and can, when you can.
The DSF Revolution will not be televised!

But sorry, I have a small disagreement, when the market moves to 2 and then dumps back to 1, the market is not 1 for liquidity ... the mark has moved to +2 range.  Volume can dry up a little as the spread goes wide, this is the natural cycle of markets, and is followed by a bang up or down.

My bets are for a bang UP UP.


@gustav
re: 'increase sellresistance on pumps'    

Strong disagreement.

Have your lines of resistance.  But if the pumpers want to dance let'm have a run at it.   Then back stop (when they eat through).

Keypoint ... Keep you reserves out of play.  Segregated accounts.  

Your hot wallet is for play ( and your can buy real things too with UN )
Habitually ship-out one or two kilograms to the cold storage.

Play at stabilizing price and reduce PnD.
Learn as you go, don't panic, be cool calm and collected.

lol, sounds like 'trade as you like' is a thing that actually should work very well. (what a surprise) 

[cragv]

I've found this to be an educational day. Good discussion here and in CryptoCoinTalk, Surplus Bob, interesting ideas on the Un-Ex thread. Very good!

[TrueCryptonaire]

Unobtanium has proven once again - and will prove in the future - being light as a piece of a cork tree.
Always after the storm it rises on the top and floats on the waves. 

[BitcoinNational]

re: Blue Crypto Award

http://www.coinfinance.com/news/picisi-a-mutli-coin-community-crowdfuning-cooperative-plan
EMC2 charity platform, some thing to watch.

UNO is about more than just $, we can do good works along the way.
(have already ... would nice to get some feedback on our donation someday)

Things to think about.

Your Hotwallet.
Your exchange of choice. (suggest UnEx)
Your Cold Storage methods.
Your cash, and bullion reserves.
Your development fund.  (We need to build websites, apps, programs, and Devs)
Your charity fund.

If you earmark 10kg for 'doing good' in 2020. Wow!  We'll achieve great things.

PS ... like to see a 3rd Dev introduced brought into the fold.  Heck a team of 10 would be awesome!

[IMZ]

Please understand that I have no wish to promote dissent, but I will post the following because if the position I am analysing -- selfish action in markets is absolutely the only intelligent action -- is correct, then Un-Ex and any other community undertakings are naive:

Here is The Position: " . . . because I was taught in economics class those many years ago that self interest is the only way that capital markets work."

" 'Many years ago' is the key phrase here. The evolutionary psychologists have fascinating data on how human societies work, and it always involves interplay between selfishness and altruism.
 
I recommend a BBC documentary titled 'The Trap.' Watch the section on IBM-Rand/Nash/game theory very carefully. You will see in play 'petitio principii' -- the guys in control wanted a certain outcome, and simply dismissed data that contra-indicated.
 
[For example, the theorists predicted that 'If X, then Y.' They asked the (female) secretaries in the building to play the game. The outcomes were almost entirely 'If X, then not-Y' -- but the Military Types just ignored that glitch. (What would a bunch of women know about how human society functions?) There is later in the doco a statement about who did assiduously stick to the game-theory models: psychopaths and economists.]

Here's my theoretical position on All This:
 
Marxists, anarchists, second-wave feminists, people with fundamental religious  beliefs, neo-liberals, fascists -- they all tend to polarise their positions. It's a sort of 'bargaining tactic': to 'negate' Marxism, you admit no common ground, you take exactly the opposite position (a radical individualist stance). And vice versa.

[Look up the linguistic principle of 'hypercorrection.']
 
Of course, all us non-theorists know that there usually is middle ground. You may oppose communism, but you're still not gonna try to carry a piano down a flight of stairs on your own."
 
Mark

[cragv]

re: Blue Crypto Award

http://www.coinfinance.com/news/picisi-a-mutli-coin-community-crowdfuning-cooperative-plan
EMC2 charity platform, some thing to watch.

UNO is about more than just $, we can do good works along the way.
(have already ... would nice to get some feedback on our donation someday)

Things to think about.

Your Hotwallet.
Your exchange of choice. (suggest UnEx)
Your Cold Storage methods.
Your cash, and bullion reserves.
Your development fund.  (We need to build websites, apps, programs, and Devs)
Your charity fund.

If you earmark 10kg for 'doing good' in 2020. Wow!  We'll achieve great things.

PS ... like to see a 3rd Dev introduced brought into the fold.  Heck a team of 10 would be awesome!

I like all of this, BN. Good thinking and thanks for the ideas.