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

[BitcoinNational]

one word
UN-Ex

[vector.iso]

so what's to stop someone from gaining a bunch of "trust" on un-ex and then eventually pulling a big exit scam on someone?

[sirsmokesalot]

so what's to stop someone from gaining a bunch of "trust" on un-ex and then eventually pulling a big exit scam on someone?

Nothing really. The best that can be done is to limit entry into the club to try to circumvent perceived issues. It is hard to do and no one much cares for it one way or another but regulation exists for a reason. It is nice to know that people are looking out for a collective interest. However, douchebaggery exists, can't change what has been a couple million years in the making over night. Perhaps we could hunt them down though, if they left a digital trail, if there is a will, there is a way, or so i like to believe.

If you wanted, trust would be a function of time and contribution. Both weighing heavily on how much trust one has. If that makes sense to anyone else anyway. It isn't that it wouldn't or that it couldn't happen even with a considerable time investment, it just looses it's appeal with the more time you have to sink into it, unless it becomes that much more rewarding, the scam.

I think general 'gut feelings' are going to keep most people in the clear. The person who makes a handful of fractional trades, then wants to buy 9 btc worth at once, nope, something stinks to the high heavens! I do believe, if the trust is there, founding members would be willing to do some type of escrow if it were to be desired. The community is generally more than helpful in that fashion.

[BitcoinCharlie]

I forgot to post this the other day.

My vote is for a black logo. Maybe updated a little somehow, but definitely black.

There's a reason not too many people have a black AMEX.  We're the black AMEX of the cyrptoverse!

[tertius993]

Agreed, simple black or very dark blue logo; no extraneous words or phrases.  Personally I like the wallet as it is.

[gustav]

Black, blue, metallic - i don't care as long as it is NOT yellow!      

Black, blue, metallic is all very fine.

The current black logo is very good already. Maybe if possible polish a little more and put a little extra metallic reflection on it - but it is actually already very good as it is. Maybe a little darker frame with darker blue instead of this bright blue frame. But it's good already.

[IMZ]

so what's to stop someone from gaining a bunch of "trust" on un-ex and then eventually pulling a big exit scam on someone?

Morning, Vector! The 'Rating' a TT has -- one star, two, three -- gives guidance on how big a trade you'd do with that person.

We've considered at length the risk of scam-once-and-bolt, and the answer is this:

the goals of the trust-alliance are multi-million-dollar goals. Un-Ex is just a first hesitant step.

You can scam us once, for a few bucks, and we are rid of you. If requested, I'll put up a Bitcoin as anti-scam insurance, and a community member can hold it.

But the scammer? S/he's blown the chance of a life-time!

Mark (IndiaMikeZulu), Australia

[balu2]

looking at CMC:

Ziftr coin below Uno already. Wasn't that hot last week?
Even Primecoin, Megacoin, Quark, Worldcoin, XC, Feathercoin and what not. All slipped down. It's a tragedy.
At this rate all we need to do is hold the value and 8 months from now even LTC and BTC slip down past Uno 

[IMZ]

"Un-Ex is only one solution for off exchange UNO transactions.  There needs to be more options for these kind of transactions.  I think there will be improvements and something for everyone's risk tolerance in this area."

+1

[BitcoinCharlie]

looking at CMC:

Ziftr coin below Uno already. Wasn't that hot last week?
Even Primecoin, Megacoin, Quark, Worldcoin, XC, Feathercoin and what not. All slipped down. It's a tragedy.
At this rate all we need to do is hold the value and 8 months from now even LTC and BTC slip down past Uno 

I love the way you think! 

[FallingKnife]

looking at CMC:

Ziftr coin below Uno already. Wasn't that hot last week?
Even Primecoin, Megacoin, Quark, Worldcoin, XC, Feathercoin and what not. All slipped down. It's a tragedy.
At this rate all we need to do is hold the value and 8 months from now even LTC and BTC slip down past Uno 

I love the way you think! 

Damn! He's right!

[BitcoinNational]

so what's to stop someone from gaining a bunch of "trust" on un-ex and then eventually pulling a big exit scam on someone?

Common sense.

You don't send $50k in one lump sum.

(It all depends on each persons risk tolerance)

Say you want to do $100 deal, but you only want to risk $5 because you don't know each other.  Well then it will take 20 rounds of send/receive to limit a max loss of $5 just in case the other party absconds.

Personally I have much more faith in the tread regulars than I do with the Bitrex owners or BTER owners or any exchange.   Think about it ... in Un-Ex there are two parties (A & B) trading direct.  With the exchanges houses they hold both the coins of A & the coins of B ... they have nothing to lose or at risk (other than rep) ... while A & B stand to lose it all.

looking at CMC:

Ziftr coin below Uno already. Wasn't that hot last week?
Even Primecoin, Megacoin, Quark, Worldcoin, XC, Feathercoin and what not. All slipped down. It's a tragedy.
At this rate all we need to do is hold the value and 8 months from now even LTC and BTC slip down past Uno  

and Veri, Vert, Max, SyS, etc etc

We've also matched up with Nova (the peer coin of scrypt).  ^{This amuses me much, it too is rare and much older than UN, but has a slightly higher inflation rate and yet UN seems to be gaining on all fronts better than NOVA.}

There is a long and growing list of coins that had $Millions in capital and are now worth half (or less) than UNO.  We've long since moved from theory of low inflationary coins are the better to PROOF that low inflationary coin are the only coins to hold and maintain their capital value.

The second ingredient to success is TIME.  It takes time (like 1 year) to sort the weak hand investors from the committed long-term investors.  This is why the copy-cats can't catch up.  UNO was the first to move on the fair and rare concept.  

"Primecoin, Megacoin, Quark, Worldcoin, XC, Feathercoin and what not. All slipped down."

Yes these coins had awesome marketing, cool websites, and tons of buzz.  Why so fail?

Either they were not fair and mostly not rare.  Inflation is a killer.  And I see no reason that LTC and BTC won't eventually fall someday.  Gravitity is real.  And the hype cycle ends.  PROOF on the record.  Now BTC may have 3-5 years yet as the king, but the days are numbered.  

Meanwhile coins that have completed the majority of their distribution/mining cycles wait in the wings, and in crypto transfer of capital can be sudden and quick.

tldr; There is no rush to $2M+ in market capitalization.  UNO is the turtle of coins.  We've seen dozens (if not more) coins with $Millions in capital that then slide down to just junk.  @balu2 you is very astute, the focus is maintain not gain.

[BitcoinCharlie]

Common sense and game theory. We will all do much better and accomplish more working together in our bargained-for exchanges than being a single actor trying to shyst the whole.

[Tacktic]

Reading the last couple of pages is confirming my first impressions that Uno types have the thinking I like too.
Question the world, Answers do come. In fragments, but like mercury in the bloodstream builds up over time.
Always ask why?
Follow the money and question, What is the possible reason for doing this?
Uno will be real/ is the real deal because we as a community choose it to be real.
Like IMZ said I was in my 20s before I learnt banks invent money out of thin air.
I was 30 before I had a plan.
I was 40 before cryptos came out.
My children will be Unoaires., even if they only own 1 it is enough 
The reason for holding is worth as much as the holding.
Money is a tool, a counter, on one side of a ledger, nothing more.
...................................
And yes inflation was virtually unknown till the 20th century, and fractional reserve banking initiated.
price shifts were supply and demand as should be, until fractional reserve.
regards,
Tacktic.

[IMZ]

So, while we get our heads together – say, a century – the idea of nil-flationary currencies, the idea that one unit of money bought one loaf of bread yesterday, buys one loaf of bread today, and will buy one loaf of bread at any time for the rest of that century, is a really really really good idea (and so is buses pulled through the streets by the long-lunch-ocrats who got us into this mess.

(Except we did nothing, which makes us equally culpable . . . )

Does nil-flationary means no inflation? But the limited supply will rise the value of currency constantly in case of mass adoption so one unit of money bought one loaf of bread yesterday, buys two loafs of bread today.

Hey, B.! Missed your question: yah, 'nil-flationary' is just my cheeky was of saying 'no inflation.' And one unit of money buys twice as much bread tomorrow? Let's hope so! My point was that the problem has been the 'constant slippage' of value.

m

[BitcoinNational]

Reading the last couple of pages is confirming my first impressions that Uno types have the thinking I like too.
...
Uno will be real/ is the real deal because we as a community choose it to be real.
...
Money is a tool, a counter, on one side of a ledger, nothing more.
...................................
And yes inflation was virtually unknown till the 20th century, and fractional reserve banking initiated.
price shifts were supply and demand as should be, until fractional reserve.
regards,
Tacktic.

Welcome @Tacktic
Sounds like you got the right perspective on sound money ... yeap just a tool ... the ledger we use to balance the exchange of goods and services.

UNO is focused on specifically be an efficient store-of-value ledger.  In fact, one of the best.

The other titbit of knowledge I heard today, money is confidence.  A unit of faith.
The value is a measure of that confidence, which is by extension, a measure of confidence in the "community" that backs that particular unit of account.

And if you haven't noticed the backers are demonstrating stronger and stronger levels of support in the books.  And this mechanism has taken form nearly organically without formal management.  Again it is a game of maintain, and the gain naturally pushes upward.

[gustav]

Found a transaction on the explorer that fits the dump on cryptsy. Another one who prefers to sell his complete position in 5 minutes   *sigh* 

...a whole month worth of mining... 

[BitcoinNational]

@gus

i hear ya


End of the Month.  Was it a car payment or a house payment ?

_{for me the funny part is nearly 7 days of sellers holding out for higher prices then 1 of them drops a major brick in a panic?  irrational (in 1 word)}

[gustav]

good support and low sellresistance (look at bittrex orderbook)

... i write it off as 'noob trader' ...  


edit: it's end of month, true

[FallingKnife]

good support and low sellresistance (look at bittrex orderbook)

... i write it off as 'noob trader' ...  

Congratulations, buyers. Your patience was rewarded.