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

[IMZ]

"I dont think there can be realistically a decentralised system of buying and selling PM....In a distributed sense of linking value to the chain."

Hey, Tacktic!

'Linking' bullion to Unobtanium would be a marketing tactic. It's not necessary to link value to the chain as such. (Tee hee . . . though we did it as an experiment with DVC.)

There is a real overlap in social values between a lot of PM enthusiasts and a lot of crypto enthusiasts -- agin the government! Unobtanium, a rare 'crypto-commodity,' has a good number of these PM enthusiasts. We could capitalise on that.

m

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[tertius993]

Have to say I remain to be convinced of any meaningful correlation between bullion and crypto currencies and certainly not at all for any attempt to align values.

There does seem to be a certain overlap in the people who follow both which may be worth exploring.

[IMZ]

I agree, Tertius: 'aligning values' is pegging; and pegs don't work. Rather, just looking for a 'marketing link' between us and the PM folk.

m

[BitcoinNational]

UNO is a decentralised system of buying and selling PM.
Well at least headed in that direction.  
Plenty of PM faithful have arrived in the UNO circle.
DVC was a good beta run.

In short the EZ method is to just buy some PM and allocate it to stabilize UNO.
To each their own buy/sell ranges.

So pure volunteerism pure decentralised.

In the future we can focus on appealing to bullion dealers to accept UNO directly, as the social networks and UNO malls grow, but we need to achieve some capital growth and consistent daily vol. before we can cross that bridge.

[Telescopium]

I do not think it Unobtanium coin that will be popular.
Just enough to look at these graphs to understand that there is a small group of people who hold this coin and wait for the arrival of new participants. I specifically compared the system with other similar coins and see that this scheme is valid.



In addition the name Unobtanium is associated with the mythical  (non-existent element from the film Avatar) that clearly speaks of an attempt to inflate the financial bubble 

[Gekko463]

I do not think it Unobtanium coin that will be popular.
Just enough to look at these graphs to understand that there is a small group of people who hold this coin and wait for the arrival of new participants. I specifically compared the system with other similar coins and see that this scheme is valid.



In addition the name Unobtanium is associated with the mythical  (non-existent element from the film Avatar) that clearly speaks of an attempt to inflate the financial bubble 

So basically, if I understand you correctly, you are looking at a geographical distribution chart and saying that the U.S. Holds most of all of these coins, and that you are sort of a retard that can't read charts?

Who is this small number of people?  Americans?

Do you really think the term Unobtanium originated in a movie?  Look that up.  There is a whole internet out there to teach you things, Einstein.

You are as dumb as a bag of rocks.

[Gekko463]

In the same manner that "jet fuel can't melt steel beams", I would like to point out two things:

1.  Precious metals can not be beamed through the Internet across the globe at the speed of light, and moreso, not without passing through customs.

2.  The is absolutely, positively, no inverse or concordat link between the price, supply, or demand of precious metals and crypto currencies.

Which leads me to the question:  WTF are you all on about constantly with this?  It makes no rational sense at all.

Is there some correlation between crypto and the price of canned goods, ammunition and radiation proof copies of the book of revelations?

This place gets more and more wingnutty.

Stop with the survivalist horseshit.

The Greeks are not buying UNO to buy beets and cabbage and olives and pay their mortgages.

You know what happens when the shit really hits the fan?  The government hits the Internet "off" switch, and there is no more Bitcoin or UNO. 

The conversations here are dropping to the level of Glenn Beck and that David Icke Lizard People guy.

Precious metals have nothing to do with crypto.

Talk about these things amongst yourselves in darker channels and bring them to light when some actual correlation can be proven, or you have figured out how to email me an ounce of gold past Vietnam customs.

Until then, it is silly noise.  The Greek stuff too.  Has NOTHING to do with UNO.

I'm going back on strike now because fed up.

[HagbardCeline]

[quote author=Gekko463 link=topic=527500.msg11968823#msg11968823 date=1437844193

Stop with the survivalist horseshit.

The Greeks are not buying UNO to buy beets and cabbage and olives and pay their mortgages.

You know what happens when the shit really hits the fan?  The government hits the Internet "off" switch, and there is no more Bitcoin or UNO. 

The conversations here are dropping to the level of Glenn Beck and that David Icke Lizard People guy.

[/quote]

Don't think we're quite yet at Glenn Beck level, but your comments about "click, off" on the net, 100% accurate. When the 'shit'  really goes down, electricity will be the premium--let alone network access.

[siameze]

Fear not, I am working on a way to power the internet with angry rants from pathetic ex-pats that believe ~$5-6K worth of cryptocurrency is a goddamned fortune. 

[GetGoxed]

You know what happens when the shit really hits the fan?  The government hits the Internet "off" switch, and there is no more Bitcoin or UNO.  

The conversations here are dropping to the level of Glenn Beck and that David Icke Lizard People guy.

Precious metals have nothing to do with crypto.

Until then, it is silly noise.  The Greek stuff too.  Has NOTHING to do with UNO.

I'm going back on strike now because fed up.

Cryptos and PM's attract certain types, and right now many old investors are still in PM's. To me, Un can take the place of a particular PM, so I think the two do relate in some way. In my opinion, PM's are not too valuable because cryptos outperform them in every aspect (especially in the digital age of convenience.)

I have to disagree with you about the government hitting the "off" switch...

With advancements such as the Tesla Powerwall http://www.teslamotors.com/powerwall, 3D printing, and plans for global wifi via satellites, I believe it would be very difficult to turn off the internet.

[Alisher]

I do not think it Unobtanium coin that will be popular.
Just enough to look at these graphs to understand that there is a small group of people who hold this coin and wait for the arrival of new participants. I specifically compared the system with other similar coins and see that this scheme is valid.

http://abload.de/img/full45pcp.jpg

In addition the name Unobtanium is associated with the mythical  (non-existent element from the film Avatar) that clearly speaks of an attempt to inflate the financial bubble 

I have not even thought of before that can be seen coins with a side. It really explains a lot. You use the service https://chainz.cryptoid.info?
Thank you for the informative review 

[cryptonit]

its not fair to compare DMD with UNO regarding active wallets (200 different active wallets a day vs 30 wallets)

because POS make lot more people run their wallet active

this way we have on good days 200 active wallets a day

and slowly increaing

only extrem successfull POW only coin can reach such numbers

like BTC LTC DASH

but UNO isnt designed as a payment solution for daily business

its designed  as a investment and longterm store the coins similar idea as DMD

yes there are difference we roll out new coins and reward stakeholder with POS (still constant decreasing inflatiuon)

u try to minimize  new coin production and this way create value gains

both valid paths

update:
even compare ur active wallets with DASH is not fair
because they have too a mechanism that reward active wallets
so called masternodes

[Alisher]

its not fair to compare DMD with UNO regarding active wallets (200 different active wallets a day vs 30 wallets)

because POS make lot more people run their wallet active

this way we have on good days 200 active wallets a day

and slowly increaing

only extrem successfull POW only coin can reach such numbers

like BTC LTC DASH

but UNO isnt designed as a payment solution for daily business

its designed  as a investment and longterm store the coins similar idea as DMD

yes there are difference we roll out new coins and reward stakeholder with POS (still constant decreasing inflatiuon)

u try to minimize  new coin production and this way create value gains

both valid paths

update:
even compare ur active wallets with DASH is not fair
because they have too a mechanism that reward active wallets
so called masternodes

Thanks for the info. I will be explore these things in the more wide scale

[IMZ]

Fear not, I am working on a way to power the internet with angry rants from pathetic ex-pats that believe ~$5-6K worth of cryptocurrency is a goddamned fortune.  

Will we be able to run Smitecoin miners off the angry-rant-erator?

Mark

[siameze]

Fear not, I am working on a way to power the internet with angry rants from pathetic ex-pats that believe ~$5-6K worth of cryptocurrency is a goddamned fortune.  

Will we be able to run Smitecoin miners off the angry-rant-erator?

Mark

Yes, it has the latest smitecoin technology! You can choose from Gold, Silver, or Platinum hammers at this time.

[Tacktic]

The genesis block has come from the Bosun Hicks particle. so Gods hammer can smite them all.
.................
My argument and thinking is the same for any alt and even BTC itself.
OK..I personally get the blockchain..I personally see the inherent change it can make to paper pushers the world over.
Decentralised ledgers ...yes... as a method of bypassing the current gatekeepers everywhere.
Centralised ledgers for that matter...but with worldwide acknowledgement of the ledgers accuracy.
(Keeping the gatekeepers in control).
My trouble is I dont have the skill set to take this idea to market and do this disruption.
.................
As currencies (to buy and sell things.... I am less enthusiastic).
Business to Business, country to country ....works.
People to business...less so.
What convinces mom and pop to go to the effort of paying my electrical business BTC to hire my services?
As opposed to $AUD?
Where is the value in them changing?
If this compelling arguement cannot be forthcoming...it is not effectively a currency per se.
The "currency " part of BTC will only ever be effective as say "Bartercard".(which is an alternative CENTRALISED currency that uses barter dollars at the constant exchange rate of 1:1 with $AUD).
Bartercard has a constant churn of client businesses that sign up find the cost and hassles of finding someone to trade with is too much and leave.
..................
BTC currency is created after doing the sums as rewards for the computations.
it hopefully pays the cost of doing the computations....by paying in the same coin...or converting into Fiat of choice.
As for growing the value of currencies.... it can only ever be..That which the public is prepared to pay for a part of the system.
.................
If the system is valuable.... so is the coin.
if it is not it is not.

[IMZ]

"People to business...less so.
What convinces mom and pop to go to the effort of paying my electrical business BTC to hire my services?
As opposed to $AUD?
Where is the value in them changing?"

Hey, Tactic!

although we all delight in marketing Unobtanium as a 'crypto commodity,' it remains a currency in a degree of its usage. Have you ever used the camera QR-code facility on an android wallet? It's excellent! It's like point-and-shoot money!

And why wouldn't mom and pop stick with AUD? Cause the fiat currencies of the globe are going belly up in slow motion.

Consider Australia: just over two years ago, the Aussie Dollar was at par with the USD (in which Bitcoin is valued). But aud is at 73 cents today, with forecasts of sub-70.

So, if we all piled into using Living Room of Satoshi, that is, we converted large chunks of fiat into Bitcoin, and used that Bitcoin to pay power bills and phone bills and many many other bills, we could then prevail upon L.R.o.S. to adopt Unobtanium to do the same. Thus we would have Bitcoin to fend off dumps on the Unobtanium markets (cause we'd have more Bitcoin to hand, not just 'anti-dump ammo' Bitcoin!); we'd be rapidly improving the transactional volumes of cryptos (thus both driving up their value, and reducing volatility); and we'd be enjoying the hedge factor that having our money in cryptos provides!

Mark

[sirsmokesalot]

What is wrong with Glen Beck? He has enough heart to cry on T.V. Although he isn't correct as often as Rush is.

[balu2]

People fail to see: the above graph shows clients online not distribution of coins. These graphs do not tell if muricans or russians or germans hold the most coins. It just tells that people connect to the network from these areas, not what they hold.
Half of the american clients could be polish people behind VPNs for all i know  ...

Grow some manners Gekko, or be ignored. Next comment i read where you insult people for nothing i'll mute you on my account. I suggest others do the same. It's unbearable how Gekko treats people around here.

[cragv]

I'm very happy to have some value stored in UNO. Gives me some peace of mind with the AUD slipping southward, particularly as converting to BTC for bills is now trivial.