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

[IMZ]

Morning, campers. Me busy studying (and blogging about) the Greece-China Thang. Gonna catch up on my reading here as well.

m

[BitcoinNational]

litecoin has done more volume than bitcoin in the last 24hrs.
$42 M to $40 M.

knew this action was coming (failed to capitalize on it).
silly me thought the 'market' wouldn't let a main stream asset x3-4 in 7 days.

for the uno is it paired with btc or $ theory, well this week it is nice to be paired with ltc
see ... doge, zeit, rabbit, ctm, karma, lot
some are being dumped hard for shiny $7 ltc and others are holding to the 'litoshi?' priceline.


*sidenote
RE: ranking kings & queens

litecoin has now crushed  ripples MC to take a solid grasp of #2 crypto spot.

doge now handles the same ave. daily liquidity volume as ripple.
the difference is in the MC $19M to $285M.
which do you think will see more capital gains?

for #5 crypto spot
Peer verses Dash
the older coin will win

#1 btc
#2 ltc
#3 doge
#4 rip
#5 pp

now somewhere in the top #10 you should find name coin, MM to bitcoin but high daily inflation, unfair distro, and what utility i don't know how to convert it into a domain name do you?

yeah ... that's where UNO belongs and will be on the list ... top10 ... we're gonna eat namecoins lunch.  

[FallingKnife]

@BN, I'm out of the loop. Is there news on LTC, or just a big pump?

[BitcoinNational]

it's halftime
(well at least the general public is aware that it will happen in the next couple of months)

that's why i say easy play.  i thought about taking a position in the spring, but only have so much capital, and i dislike inflationary coins

but the good news is that LTC chips away at the "Bitcoin and Bitcoin only" mantra.

the general crypto public will start to buy LTC then some Doge, next a couple of Peer, maybe a NXT coin.

after they discover the easy and variety of ALT trading (and get hooked on it), well then, just a matter of time before they start looking for low inflation, yet stable/strong network.  

Hello UNO

A cool metric is Dominance Index: 81% [http://coincap.io/#/ << shapeshift]
That's BTC crown ... verses all the rest.
Was solid 85% ... knocking off 3-4% in a week is huge.
I will take bets that it hits the 70s before 2016.

_{**SideNOTE
Just a hunch, no solid documents yet, but China is pumping LTC after they pumped the lot of older alts.  So those gains for last month are helping to spike the litecoin prices (LTC/BTC ratio is insane peak) ... long term China is seeking to promote an array of Scrypt coins because they have a monopoly on that tech and hold the majority of ltc/doge coins already.  So LTC, Doge, sys, mega, world, tips, Earth, BBQ, exc, franko, meow, LOT have a future (because it is in China's interest to keep Scrypt coins alive and traded in volume).  However, China seems to ignore building up communities and web/dev/coin resources.  Try finding decent info in English for ZCC, Union, Boost, Nas, sak, xsi ... these are china-centric coins and could just be vapor ... just Eastern pumper projects.}

[SgtMoth]

@BN, I'm out of the loop. Is there news on LTC, or just a big pump?

51 million 24 hr volume would be quite the pump(higher volume then btc)

*bought all mine @ $1

[tertius993]

i don't understand how people can question the utility of a stable store-of-value crypto when reading about all this greece stuff

It happened the other day.  I can't remember the quote, but he / she was arguing that Greek bail-ins are only theory and haven't been announced yet...pure conjecture.  And, $UNO had no utility. Rest assured, Greeks wished that they had withdrawn their savings months ago and bought BTC, or $UNO or gold, whatever hard assets. Anything, really:

http://www.zerohedge.com/news/2015-07-09/greece-enters-its-crack-boom-phase-when-fridges-become-money

The denial of concerted bail-ins is laughable as the IMF has already outlined the procedure years ago. As depositors, we didn't get to have any fun with the money, but still get to bail out the banksters for the "common good."  For some boring reading, see:

LoL, that was me and what I actually said was:

"Well ignoring the fact that a bail-in hasn't actually happened yet (it is still speculation I think?) and that they tend not to give any warning of it; let's assume you correctly predicted jthat it would happen and had, say €10,000 to protect. How would you go about it?

€10,000 is over 2% of the total market cap of UNO - I don't really see how UNO could be a store of value in a meaningful way for those sort of sums? Even trying to buy that many would move the price horribly, and selling them would do the reverse - the person doing this would lose out both ways."

So, firstly I did not deny the possibility of a bail-in, merely pointed out that it hadn't happened yet, but my key point was that, in my view, UNO cannot today provide the sort of utility which you are suggesting, because it's market cap is far too small.

If you disagree then I would be interested to hear your analysis.

[Krypto Superdog]

i don't understand how people can question the utility of a stable store-of-value crypto when reading about all this greece stuff

It happened the other day.  I can't remember the quote, but he / she was arguing that Greek bail-ins are only theory and haven't been announced yet...pure conjecture.  And, $UNO had no utility. Rest assured, Greeks wished that they had withdrawn their savings months ago and bought BTC, or $UNO or gold, whatever hard assets. Anything, really:

http://www.zerohedge.com/news/2015-07-09/greece-enters-its-crack-boom-phase-when-fridges-become-money

The denial of concerted bail-ins is laughable as the IMF has already outlined the procedure years ago. As depositors, we didn't get to have any fun with the money, but still get to bail out the banksters for the "common good."  For some boring reading, see:

LoL, that was me and what I actually said was:

"Well ignoring the fact that a bail-in hasn't actually happened yet (it is still speculation I think?) and that they tend not to give any warning of it; let's assume you correctly predicted jthat it would happen and had, say €10,000 to protect. How would you go about it?

€10,000 is over 2% of the total market cap of UNO - I don't really see how UNO could be a store of value in a meaningful way for those sort of sums? Even trying to buy that many would move the price horribly, and selling them would do the reverse - the person doing this would lose out both ways."

So, firstly I did not deny the possibility of a bail-in, merely pointed out that it hadn't happened yet, but my key point was that, in my view, UNO cannot today provide the sort of utility which you are suggesting, because it's market cap is far too small.

If you disagree then I would be interested to hear your analysis.

those are some pretty good points you make.

as for the buying in, yeah, you have to buy in gradually at this point in time; that much UNO is unobtainable without raising prices significantly.  but as for the cashing out, that was one of the things that the in house exchange was supposed to cover...you should show up and organize a huge sell without dropping the market because there are a number of us who would be interested in buying big chunk like that at market price

[BlueMan.]

i don't understand how people can question the utility of a stable store-of-value crypto when reading about all this greece stuff

It happened the other day.  I can't remember the quote, but he / she was arguing that Greek bail-ins are only theory and haven't been announced yet...pure conjecture.  And, $UNO had no utility. Rest assured, Greeks wished that they had withdrawn their savings months ago and bought BTC, or $UNO or gold, whatever hard assets. Anything, really:

http://www.zerohedge.com/news/2015-07-09/greece-enters-its-crack-boom-phase-when-fridges-become-money

The denial of concerted bail-ins is laughable as the IMF has already outlined the procedure years ago. As depositors, we didn't get to have any fun with the money, but still get to bail out the banksters for the "common good."  For some boring reading, see:

LoL, that was me and what I actually said was:

"Well ignoring the fact that a bail-in hasn't actually happened yet (it is still speculation I think?) and that they tend not to give any warning of it; let's assume you correctly predicted jthat it would happen and had, say €10,000 to protect. How would you go about it?

€10,000 is over 2% of the total market cap of UNO - I don't really see how UNO could be a store of value in a meaningful way for those sort of sums? Even trying to buy that many would move the price horribly, and selling them would do the reverse - the person doing this would lose out both ways."

So, firstly I did not deny the possibility of a bail-in, merely pointed out that it hadn't happened yet, but my key point was that, in my view, UNO cannot today provide the sort of utility which you are suggesting, because it's market cap is far too small.

If you disagree then I would be interested to hear your analysis.

those are some pretty good points you make.

as for the buying in, yeah, you have to buy in gradually at this point in time; that much UNO is unobtainable without raising prices significantly.  but as for the cashing out, that was one of the things that the in house exchange was supposed to cover...you should show up and organize a huge sell without dropping the market because there are a number of us who would be interested in buying big chunk like that at market price

 I don't think  €10,000 going to raising prices significantly! You never ever  need to pump it. You just put your buy order/s below or on current price. Stay there for 3-5  days and see how impatient people start selling on you big time. your entry is the other people exit and if nobody want to exit just move just a little bit that buy level every week and you see how this  €10,000 is melted down! So if you live in Greece or   Venezuela or whatever country you just need patience and you can enter not with just €10,000 ,but with whatever amount you want!

[sirsmokesalot]

I do agree with tertius993 in that our MC isn't where it needs to be to fully support the function of Uno. As the MC grows, the utility grows as people realize they can actually have a functioning digital 'bank' account without any of the negative bank stuff. None of the 'insurance' though, but you have your self to have faith in, instead of some faceless schmuck.

In theory, if no one sold off, that guy who bought in for 10k could then just as easily sell it again, since the money would still be in the pool, so to say. But we don't live in a vacuum so yeah, if the person buying in pushed the price up too high and caused a lot of people to sell off, he could really be screwed trying to exit then if he wanted to. Classic problem, it exists today with the banking industries and shit. It isn't a unique problem to Uno, or anything else that acts as a socialized store of value.

[IMZ]

" . . . you should show up and organize a huge sell without dropping the market because there are a number of us who would be interested in buying big chunk like that at market price."

Luckily, Superdog, it's a matter of consciousness more than having a formal mechanism. That is, we can and will do exactly this in the future.

And an anecdote: back in mid-2013, when we were devving with Yacoin, one of the guys announced the sale of a big chunk of coin -- 330,000, from memory. What happened was that a price was agreed upon right there in the thread, and a time agreed upon. At that time, the seller put the coin up on Cryptsy, and the buyer hit the button two seconds later. No market fluctuation at all.

IMZ Mark

[cryptonit]

wow it needed ages to catch ya

congrats Unobtanium

our market research did show us u have a similar setting as a storage of wealth solution
and catch up with ur marketcap was a motivation for us

i think there is more than enough space for both coins in this market
i see us both as one of the 50-100 coins that will be established longterm as the core of crypto business

i did think its time to post here so u know other coins watching u
and the friendly competition on coinmarketcap can be done in best sportsmanship

i also have a question from technical part that interest me

how well did merged mining with BTC work out for u
did major pools include u?

[FallingKnife]

Tag, you're it!


Congrats to Diamond on it's run up.

We had a good long discussion about merge mining here, and there were good reasons both pro and con.   It was a challenge for us. But since we committed to it, merge mining took us from about 15 ths to 2 phs.  It fluctuates, currently about 900 ths. Some of this recnet hash loss is due to Mmpool being under ddos, and also ispace had taken Uno down for maintenance until just recently.

It was important to start building pool relationships early, and then keep doing outreach. Uno has not been picked up by the ghash's and slushes yet, but I remain optimistic.  Some of the pools are run by die-hard bitcoin operators who swear they will never add an altcoin; their loss, imo.

I think strengthening the security of the blockchain was a very good move for Uno, and a vote for the future. Uno will not be mined out for 300 years.  

[IMZ]

Welcome, Cryptonit. Yes, there's room for mutually beneficial collaborations. Annual Global Economic Whatsit is $74 Trillion. We'll go you halvies!

IMZ Mark

[FallingKnife]

Cryptopia has a DMD/UNO market.   We need some DMD over there. 
https://www.cryptopia.co.nz/Exchange?market=DMD_UNO

[edgar]

i have had AVG Internet security for'ever' with no problems

i installed Ad Aware this week.

after installing ad-aware, AVG has removed my flax.exe, unobtanium.exe and marked them as trojans (not allowing me to ignore/allow)

so ive deleted ad-aware & re-installed flax & uno wallets.

flax = synched as expected. no problem

uno STILL wont begin synching...wtf??

also - malware-bytes activation key was removed/deleted somehow ( i can only assume ad-aware or AVG)

getting flustered again with this nonsense

[IMZ]

Deep breath, colleague Edgar! Someone here will be able to talk you through this.

Meanwhile:

"One or two of the weaker [Greek] banks may need a capital boost of €10bn to €15bn, involving a potential "bail-in" of savings above the insured threshold of €100,000." [my italics]

http://www.telegraph.co.uk/finance/economics/11732926/Crippled-Greece-yields-to-overwhelming-power-as-deal-looms.html

[cragv]

Thank you for the feedback.  I am starting to fix the items that are actually broken, such as the QR code scanning.

https://github.com/HashEngineering/unobtanium-wallet/releases/tag/v0.22-beta

Here is the latest beta version that includes 1 fix.  The other user interface ideas will be more difficult to change, but are possible.  The test issue on the Paper Wallet sweep can be changed for English, but I can't change the other languages without help.

On my device the exchange rates were visible (but I can add a backup exchange to get the UNO price, this has helped in the past).

On my device, the transaction fee does show up, but I did have to change it to 6 decimals on the Settings.  I changed the default be UNO instead of mUNO for displaying the amounts.  I will change it to kg UNO later.

Missed this post last week! Thanks for the update, will check it out soon and report back.

--
Edgar: you may be to reinstall the Uno wallet from scratch. Recommend you temporarily doable AVG while you do so (right click on AVG's system tray icon and select the option). Might also be worth adding unobtanium.exe to the Exceptions list in AVG's options.

[IanRidgwell]

I still maintain Market Cap as a woefully inadequate metric and volume as a far more useful indication of a coins potential.

Both metrics however capture such a small amount of information that without some form of context they become little more than karma scores. They have important because we give them importance but they really don't mean what they are advertised to mean.

[IanRidgwell]

i have had AVG Internet security for'ever' with no problems

i installed Ad Aware this week.

after installing ad-aware, AVG has removed my flax.exe, unobtanium.exe and marked them as trojans (not allowing me to ignore/allow)

so ive deleted ad-aware & re-installed flax & uno wallets.

flax = synched as expected. no problem

uno STILL wont begin synching...wtf??

also - malware-bytes activation key was removed/deleted somehow ( i can only assume ad-aware or AVG)

getting flustered again with this nonsense

Not a huge fan of ad-aware and havnt used it recently. I find about 80% of machines that come to me for virus removal or because the internet is not working when it is have AVG and an AVG related issue. Malware bytes has been for me a god send for speeding up infection cleen ups on client computers though I have seen it eat other antivirus programs.

[cryptonit]

Cryptopia has a DMD/UNO market.   We need some DMD over there. 
https://www.cryptopia.co.nz/Exchange?market=DMD_UNO

will share that with community
but if someone want to sacrifice the 50% POS on DMD for now i dont know

i see u took back the lead again at coinmarketcap