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Author Topic: [UNO] Unobtanium Info & Discussion - Update to 0.10 Wallet - Merge Mine w/BTC!  (Read 950083 times)
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roy7
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April 05, 2014, 12:01:38 AM
 #81

Thanks, Roy7. Guess we'll see.  I noticed about 20 mins ago that there were stuck transactions in my wallet. They've since cleared but it took a very long time. They're usually instantaneous. It probably took 15 mins to get first confirm.

The big flood of blocks makes the diff skyrocket, so real blocks that hold transactions get really slow. Can keep an eye on things at

http://rockchain.info/chain/Unobtanium

Looks like this address is winning a ton of blocks.  Pool I hope, and not an attacker.
http://rockchain.info/address/mpkwwWGaPM3HK627M5ffr9PELbb97gp8Ab

I believe that's the attack. The blocks always come in surges and always with artificially low difficulty.

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April 05, 2014, 06:24:20 AM
 #82

Heavy.com article looks at Unobtanium.

http://www.heavy.com/tech/2014/04/bitcoin-vs-litecoin-vs-unobtanium-vs-42-coin/

It's rare.  It's fair.  It's Unobtanium.
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April 05, 2014, 06:46:25 AM
 #83


It's rare.  It's fair.  It's Unobtanium.
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April 05, 2014, 06:55:01 AM
 #84


It's rare.  It's fair.  It's Unobtanium.
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April 05, 2014, 07:12:06 AM
 #85

I hold 0.00000000 42coin.

It's rare.  It's fair.  It's Unobtanium.
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April 05, 2014, 09:16:12 AM
 #86

Wallet cannot find a network to connect too after 7 hours.

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April 05, 2014, 11:57:01 AM
 #87

Wallet cannot find a network to connect too after 7 hours.

Feel free to addnode=us-east.royalminingco.com if you wish.

RoyalMiningCo: Pools retired. Was fun!
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April 05, 2014, 04:46:35 PM
 #88


Great to see UNO getting some attention.  I like the "serious traders" branding. :-) So very true.

"Unobtanium has a cool name, and brands itself as the "cryptocurrency of serious traders." Only 250,000 Unobtainium units will ever be made, which will limit inflation over time. However, like all virtual currencies, this one is subject to fluctuations.

Read more at: http://www.heavy.com/tech/2014/04/bitcoin-vs-litecoin-vs-unobtanium-vs-42-coin/"


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April 05, 2014, 04:51:32 PM
 #89

I'm picking up cheap UNO on MintPal today.  You can get it way below Cryptsy buy orders, if you're patient.
Come outbid me for it. :-) 

I'm glad that trading is still up on MintPal. I'm hoping they quietly changed their mind about UNO.

Anyway, Mintpal trading is still up, so come on over and get some cheap UNO, and run up some volume there. It sure can't hurt our cause to convince them to keep their UNO market if you drop a some coin there.

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April 05, 2014, 08:37:35 PM
 #90

Anyway, Mintpal trading is still up, so come on over and get some cheap UNO, and run up some volume there.

I did get some Unobtanium on Mintpal and Coins-e.  I bought 0.03 BTC of Blackcoin earlier in the week and cashed most of it out for more UNO.


It's rare.  It's fair.  It's Unobtanium.
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April 05, 2014, 10:26:07 PM
 #91

So fellers and lady fellers, how do we go about making UNO more desirable? Does anyone have a large stash of gold they are willing to start trading for UNO? If we had some sort of "standard" to trade uno against other than btc that could help (or hurt, i am a realist i suppose). Like potcoin, hopefully one day you will be able to exchange it for either pot or btc. What can we get with uno though. I am holding a bit of it so of course i want to see it succeed. That being said, without any real use for it, i don't ever foresee it becoming something of huge potential.

Just being rare is not enough. What else can we do? I like the precious metals thing for uno as i think that could help but i don't have a ton of money or precious metals to exchange. With the limited amount of uno it wouldn't be hard for someone to run the price up and keep it there, that is as long as there is some use for uno. Without utility it will always be this cycle of pump and dump. Yeah my opinion might be cynical but saying uno is undervalued simply because there is 80 btc for every 1 uno is stupid. It makes the community look basic.. durrr this rock is valuable because it is shiny. I can exchange those 80 btcs for a variety of things, what can i exchange my uno for? Btc. But who is going to ever wanna trade useful btc for useless uno? More so when the rewards drop to nothing. No one will mine the coin because there will be no reward, no one will be selling the coin, because it is too rare to trade, and no one will be buying the coin because there is nothing to do with it. I sure hope i am wrong here, but so far nothing has lead me to believe i am.

Can anyone tell me why i am wrong, please tell me i am wrong.

We can't grow when we won't criticize ourselves!
-->>>Unobtanium - The crypto you keep!<<<--
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April 06, 2014, 12:45:37 AM
 #92

.. durrr this rock is valuable because it is shiny.

actually, i think this is how humans determined value for thousands of years, lol.  doesn't say much for our collective intelligence Tongue

Its hard to answer your questions definitively without just talking out of my ass (which i'm sure plenty of pundits are willing to do for you)...questions about what is valuable and why actually get pretty abstract when you really start thinking hard about it.

In my brief and humble opinion, bitcoin is still a very speculative bet.  I actually find it clunky, rigid, slow, impractical....i only got into it because...erm, i don't think we can talk about that here Wink  why would i spend bitcoin at overstock.com when i can just spend fiat much easier without fear of buying the day before a big price rise, amongst other fears that come with using bitcoin.
buuuuut, if you're willing to make a speculative bet on cryptocurrency in general, i think unobtanium is a fine choice.  while it will never be totally liquid, i think its positive features make it an excellent store of value.
some people would tell you not to invest in platinum.  it is much less liquid than gold, its price is more volatile, and it wasn't even discovered until about 1800 AD.  that said, i wouldn't turn my nose up at $5 kilos of platinum, and i would seriously consider taking it if someone wanted to settle a debt with me using platinum.  I couldn't take it to the grocery store or wal mart or whatever, but despite that i'd still be very very interested in owning a nice sized chunk of the world's platinum.
I can't guarantee that this will be unobtanium's fate, i think this is probably the role UNO would fill if it doesn't die and cryptocurrency in general becomes more prominent.
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April 06, 2014, 12:54:21 AM
 #93

So fellers and lady fellers, how do we go about making UNO more desirable? Does anyone have a large stash of gold they are willing to start trading for UNO? If we had some sort of "standard" to trade uno against other than btc that could help (or hurt, i am a realist i suppose). Like potcoin, hopefully one day you will be able to exchange it for either pot or btc. What can we get with uno though. I am holding a bit of it so of course i want to see it succeed. That being said, without any real use for it, i don't ever foresee it becoming something of huge potential.

Just being rare is not enough. What else can we do? I like the precious metals thing for uno as i think that could help but i don't have a ton of money or precious metals to exchange. With the limited amount of uno it wouldn't be hard for someone to run the price up and keep it there, that is as long as there is some use for uno. Without utility it will always be this cycle of pump and dump. Yeah my opinion might be cynical but saying uno is undervalued simply because there is 80 btc for every 1 uno is stupid. It makes the community look basic.. durrr this rock is valuable because it is shiny. I can exchange those 80 btcs for a variety of things, what can i exchange my uno for? Btc. But who is going to ever wanna trade useful btc for useless uno? More so when the rewards drop to nothing. No one will mine the coin because there will be no reward, no one will be selling the coin, because it is too rare to trade, and no one will be buying the coin because there is nothing to do with it. I sure hope i am wrong here, but so far nothing has lead me to believe i am.

Can anyone tell me why i am wrong, please tell me i am wrong.

I can't tell you that you're wrong. You may be right.

It all sort of echos the great debate about Bitcoin vs the Alt Coins. I don't think that debate be resolved any time soon.  
Here's a conversion that sort of sums it up politely: http://bitcoin.stackexchange.com/questions/24318/what-advantages-do-alt-coins-have-over-bitcoin
There are many, many other conversations raging right now  that are not nearly as polite, such as  "Operation Shitcoin cleanout."

As for UNO specifically, here's a thread by someone who likes UNO for rarity. I guess that's as good a reason as any, if that's what floats your boat. http://www.reddit.com/r/Unobtanium/comments/221s9e/why_buy_uno/   If a person doesn't like scarcity, then there's always Doge. Doge is cool, and great. Buy Doge if you want to.

I like UNO, and it's interesting how I'm always being asked to explain why.  It's pretty simple for me; I like how UNO trades.  I like that I can move this market.  I think that I can, at this moment, accumulate a full 1 or 2 or more percentage of this entire coin. The trade dynamics are more interesting to me.  BTC is so manipulated by huge whales, I'm just a plankton in the BTC sea.  In UNO, at times, I can be the whale, at least for awhile.

As for what can be done with UNO, I think there's absolutely no way to match the infrastructure of BTC; there are hundreds-of-millions of dollars in VC money and capital investment flowing into BTC, and there is no way ever for UNO to ever catch up, surpass, supplant, replace or "beat" Bitcoin.  But I don't think UNO has to "beat" Bitcoin.  Eventually that investment being made in Bitcoin can and will be leveraged to support altcoins with ecosystems of any size.  Why wouldn't it??  Exchanges understand that Alts = additional trades and revenue. In the same way that many payment processors let you select the currency you want to pay in, so will Altcoins be another crypto payment method.  It's already happening, and will continue to happen. Anyone can accept UNO as a payment method through Coinpayments.net right now.

Many think that Alts rob Bitcoin, but I respectfully disagree. Even though they are all built with and powered by essentially the same technology, the world doesn't just have one country, or one city.  The world has many fiat currencies when a single currency should do just fine, right? Nor do we all drive the same automobile. In the US at least, we can choose our own religeon (or not). We don't all go to one college. Why don't we all just eat soybeans -- they can meet all of our nutritional needs and we don't need any other food, right?

And so there are many altcoins. You can choose to live in a big coin (Bitcoin), in a medium sized coin (Litecoin), or an itty-bitty "small town" ecosystem like UNO, or even smaller if you wish (Aliencoin, market cap $1000?).  Some alts are better than others. Some have already failed, and others will fail soon, or be abandoned (just like cities).  Stay away from what you don't support or understand. It's your choice.  BTC may be the last coin standing, or perhaps it will fail miserably because of some exploited yet-unknown bug, or because something better comes along. Nobody knows the future.

So what can be done to make UNO attractive?  I ask myself this a lot, because I also want to see people interested in this coin. The basic things come to mind: basic services (mobile wallet), stronger community, a known road map, more frequent communication from the Dev.  There's lots that could be done.  That's lots of things that will happen anyway, just as a matter of leveraging the Bitcoin infrastructure.

As for me, I can enjoy trading UNO. It moves differently than Bitcoin.  If I want to spend my UNO, I can trade it for  Bitcoin, or Litecoin or USD, or something else. For me, the attraction of UNO is largely in its rarity.  I don't want to buy into a coin where supply is being dumped so quickly that it's diluting my investment. I know how many UNO there are, and I know that it is mining out fast.  That gives it certain trade characteristics, which appeals to me.  If I can do more with UNO, like spend it, that's cool. If not, that's ok, because I can trade it for something I can spend.  It doesn't really matter to me.  I don't really want to spend UNO anyway; I like to own it and hold it long term.
I own about 90% BTC and 10% UNO, and truly see them as complementary, and not at war.

Anyway, my two-cents. Sorry to ramble on so long.




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April 06, 2014, 02:19:10 AM
 #94

No apologies are needed, thank you for your reply! I think you said it all pretty well.

I like uno because it hasn't been plagued with issues like some other coins out there. Well there was talk of a potential issue a day or so ago. That and the way the rewards halve, not being spot on. Other than that it has been rock steady since October. I plan on holding what I have though. So far there is no reason to not like this coin  Cheesy

We can't grow when we won't criticize ourselves!
-->>>Unobtanium - The crypto you keep!<<<--
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April 06, 2014, 02:46:37 AM
 #95

I still worry the coin has been under a timewarp attack for ~2 weeks though and someone is minting a large number of coins at inaccurate difficulties?

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April 06, 2014, 03:03:31 AM
 #96

I still worry the coin has been under a timewarp attack for ~2 weeks though and someone is minting a large number of coins at inaccurate difficulties?

I tweeted at Bryce Weiner (dev of P$ and other coins and who holds at least 6k UNO) and he had this to say about it:  https://twitter.com/BryceWeiner/status/452520388220559360

So.  I think we can safely assume the UNO dev is aware of it and is investigating it. 




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April 06, 2014, 03:09:04 AM
 #97

Ok. Then maybe I'm just paranoid and somehow it's a multipool that's so large, it's able to mess up the difficulty algorithm on a consistent basis for 2.5 weeks in a row on a 3 hour cycle.

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April 06, 2014, 03:12:09 AM
 #98

SirSmokesAlot, I'm a big UNO fan for all the reasons that FK mentions, plus a few more.  

It is a bitcoin analog - just rarer, and faster.   People often buy LTC just to transfer around to exchanges when they want to make fast purchases.  I do it with UNO.  It is a pure coin in a day and age where pure coins simply don't exist anymore.  There are very few coins without a premine these days.  They all have X% reserved for dev payment, or bounties, or IPO's, or what have you.  Not to mention the devs and the community are just fantastic.  There are a ton of long term holders here.  People that own significant percentages of UNO and who aren't selling.  Just because they believe that one day this coin will be worth as much or more than BTC itself.

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April 06, 2014, 03:20:40 AM
 #99

Ok. Then maybe I'm just paranoid and somehow it's a multipool that's so large, it's able to mess up the difficulty algorithm on a consistent basis for 2.5 weeks in a row on a 3 hour cycle.


I didn't say you were wrong, and I certainly thank you for bringing it to everyone's attention. It definitely seems fishy to me, but I'm not a tech guy.  I saw you pop into IRC the other day and alert the guys, so I think we can safely assume they are looking into it.  Not sure what else to say or do at this point.  If Bryce isn't overly concerned, I'm not sure we should be.  He has a ton at stake.

Worst case scenario, an attacker is pulling down 50 coins a day after the halving (based upon your analysis of deposits to that address) and will continue until it is fixed.  Not a huge amount at this point.

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April 06, 2014, 05:01:24 AM
 #100



http://www.qself.com/

It's rare.  It's fair.  It's Unobtanium.
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