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

[FallingKnife]

@ethought and @edgar, good to see you guys. Happy New Year.

@bhokor because Unobtanium is an open source community, we would welcome your ideas and assistance. How did you find us, by the way?

Uno is rare in lots of ways, including being of the true fair decentralized coins with no pre-mine.  Its a blessing in that there is no single person who can run off with the coin.  It's a bit of a curse in that we don't have a pre-mine to fund marketing. I like that Uno is a community effort. If any one of us gets hit by a bus tomorrow, Uno goes on. Uno is not dependent on any one person to do something, spend something, promise something, deliver something. It's as pure as it comes in crypto.

On another note...
Looks like Bittrex market has some legs, finally. Its surpassed cryptsy in volume.

[BitcoinCharlie]

Does anyone know anything about paid advertising online? What would be some good sites to target? I'm thinking...Libertarians, collectors, economic collapse types. Get our feet wet with some small purchases and see if it generates any traffic. We could ask one of the artistic folks here to create an ad.

I'm sure that we could get together on the Cat at some point and throw out some ideas on this matter.

Several tin-foil-hat-type sites come to mind, but we would likely be best served expanding beyond that market.

Also, does anyone have any idea what kind of budget would be required? I'm on board to contribute.

[Zelig]

Merry Christmas ~ !

Z

[FallingKnife]

Have a little time on your hands over the holidays?  Try making a cool Uno vanity address with your Windows or Linux computer.

With a little patience you can customize the first 6 or 7 characters of the address. The addy must begin with u of course, but give it a little thought and assign something meaningful to it.

ukraine, unicorn, urcool, uuuuuuu


Get the software from Cryptapus
https://cryptap.us/uno/vanity.html

[Baars]

Does anyone know anything about paid advertising online? What would be some good sites to target? I'm thinking...Libertarians, collectors, economic collapse types. Get our feet wet with some small purchases and see if it generates any traffic. We could ask one of the artistic folks here to create an ad.

I'm sure that we could get together on the Cat at some point and throw out some ideas on this matter.

Several tin-foil-hat-type sites come to mind, but we would likely be best served expanding beyond that market.

Also, does anyone have any idea what kind of budget would be required? I'm on board to contribute.

may be its good just to use google adwords with keywords "bitcoin fork", "altceoins" or something

[BlueMan.]

Merry Christmas and Happy Holidays to all Uno Brothers and Sisters!

[CrystalSufir]

2.9222 PH/s BRAVO! And noticeable price trend reversal.

That's my coin!

[FallingKnife]

2.9222 PH/s BRAVO! And noticeable price trend reversal.

That's my coin!

Very nice!

It's the highest difficulty I've ever noted for Un.  126 million in block 711554.
https://chainz.cryptoid.info/uno/block.dws?711554

At this moment, for the record...

[bhokor]

I think the price still have great possibilities, it is really one of the most scarce coins issued, but i think this project need some marketing outside bitcointalk, it can like to collectors and people looking for anti-inflation assets

[tertius993]

Interesting article, especially useful to those who need a primer on Bitcoin's block halving structure and what that might mean for the future. I was unaware that 100 nanometer miners were so close. A core idea is that Bitcoin mining will become distributed to consumers and happen at a loss, in return for some other useful service (perhaps heat).
Here's a site that counts down the days to the next Bitcoin halving: http://www.bitcoinblockhalf.com/

Since Uno moves off a Petahash slice of Bitcoin's mining power, we will of course watch what happens.  

If I do my math right, unless it's forked in the future Bitcoin's block reward will reach absolute zero at block 6930000, in about 125 years (give or take a decade).  At block 6.93M, there will be zero rewards per block, not even 1 satoshi. So I guess Uno will have to carry Bitcoin for the next 175 years beyond that.

(of course, btc transactions fees will carry the day for miners, so I am joking a bit here.  But if Bitcoin fails to achieve wider adoption, merge mining rewards from alts like Unobtanium could play a more important role for miners in the future. Uno will continue to pay miners for the next 300 years).

I was intrigued by this last comment - partly because I'm slightly sceptical about merge mining and also because the UNO reward is so low I really couldn't see it having a big impact and so I did a bit of calculating.

Average BTC block reward from fees over the last 80 blocks (simply a number I happened to grab off an explorer no science to it) is 0.21435357 BTC

Current UNO reward per block 0.00781250 UNO

Number of UNO blocks per BTC block: 3,46 (very roughly, averaged over 100 UNO blocks, again what I could easily grab from an explorer)

Current exchange rate: 0.00379849

BTC value of UNO block reward: 0.00002968

BTC value of UNO block reward per BTC block - 3.46 x 0.00002968 = 0.00010268 BTC

So (unles I have made a mistake) the Bitcoin transaction fees are already over 2000 times more valuable than the UNO block reward, averaged per BTC block*.

* As an aside I don't know how merge mining works in detail but I assume the UNO blocks are going to be randomly "won" so won't necessarily go to the miner that happens to win that BTC block.

So unless UNO increases in value massively I'm not convinced it will have a significant effect.
 

[siameze]

Interesting article, especially useful to those who need a primer on Bitcoin's block halving structure and what that might mean for the future. I was unaware that 100 nanometer miners were so close. A core idea is that Bitcoin mining will become distributed to consumers and happen at a loss, in return for some other useful service (perhaps heat).
Here's a site that counts down the days to the next Bitcoin halving: http://www.bitcoinblockhalf.com/

Since Uno moves off a Petahash slice of Bitcoin's mining power, we will of course watch what happens.  

If I do my math right, unless it's forked in the future Bitcoin's block reward will reach absolute zero at block 6930000, in about 125 years (give or take a decade).  At block 6.93M, there will be zero rewards per block, not even 1 satoshi. So I guess Uno will have to carry Bitcoin for the next 175 years beyond that.

(of course, btc transactions fees will carry the day for miners, so I am joking a bit here.  But if Bitcoin fails to achieve wider adoption, merge mining rewards from alts like Unobtanium could play a more important role for miners in the future. Uno will continue to pay miners for the next 300 years).

I was intrigued by this last comment - partly because I'm slightly sceptical about merge mining and also because the UNO reward is so low I really couldn't see it having a big impact and so I did a bit of calculating.

Average BTC block reward from fees over the last 80 blocks (simply a number I happened to grab off an explorer no science to it) is 0.21435357 BTC

Current UNO reward per block 0.00781250 UNO

Number of UNO blocks per BTC block: 3,46 (very roughly, averaged over 100 UNO blocks, again what I could easily grab from an explorer)

Current exchange rate: 0.00379849

BTC value of UNO block reward: 0.00002968

BTC value of UNO block reward per BTC block - 3.46 x 0.00002968 = 0.00010268 BTC

So (unles I have made a mistake) the Bitcoin transaction fees are already over 2000 times more valuable than the UNO block reward, averaged per BTC block*.

* As an aside I don't know how merge mining works in detail but I assume the UNO blocks are going to be randomly "won" so won't necessarily go to the miner that happens to win that BTC block.

So unless UNO increases in value massively I'm not convinced it will have a significant effect.
 

I have noticed this as well.

The merge mining implementation is easily filtered too btw. Good eye with your maths.

[FallingKnife]

Last I checked, .001 of something is still worth more than 100% of nothing.

Uno was designed to be a rapidly supplied coin, with most Uno being produced in the first three years of mining, and there after the remaining 50k Un to be produced over three centuries. What the value will be long after we are all dead, we can speculate wildly if we wish, and I personally think its fun to do that.

There are a few viable experiments in altcoin inflation underway in cryptocurrency, and Uno is one of them that I find most interesting.

IXCoin, for instance, was rapidly mined and provides zero rewards today, and virtually zero transaction fees and no consideration for miners (I have never earned a single sat merge mining IXC on mmpool.org).

The Uno reward schedule is what it is, and so is the value on any particular day. But the math also says that Uno will be paying out 175 years longer than bitcoin.  Lets meet here in 300 years to debate if what happened was worthwhile or not.

[BlueMan.]

Uno is in deep winter sleap. There  is some thinks that can chenge that.

1.  New wealthy investor/s...not me for now. I done my part...tight Extremly big chunk of btc.Wollong may even envy me for this uno chunk

2.   Some Black whale/s speculators- big calibre who do not wory abaut the white whales here. Pump Baby if U got the bolls!

3.   New market that will put the demand on steroids. The only one posible game changer for the moment-China.

But the best part here is that Unobtanium do not care about this all. Uno don't give a shit about Wollong ,China or my or you! The value is there bicause of the fundamentals and will by no matter what current price. Uno IS NOT A CURRENCY! It's something else! Different. Yes you can go use it as a currency,but the fundament of this material is not money! It is a free transportation and new bank for the money!

So no wories Unobtanium U can sleap as long as U wish! That's why we use the cold storages!

[Blakesss]

I've always viewed a coins hashrate as a good indicator of it's health. I'm blown away the recent increase in hashing especially given the recent reward halving. It's becoming clear that's there's really no ceiling for how much hash will be thrown at UNO due to the nature of merged mining.

[balu2]

You guys talking about centuries  

I think Vern needs money and i don't believe he'll take another 150 years to cash out. Once most Uno is distributed to the right people we should see a nice increase in price.
At this price it's under value. When it's 5$ or 10$ it'll be more worthwhile for the miners.

Inflation in this coin is so very small it can only go up after the current sellers run out of coins.

From all the merge mined coins Uno does make the most sense because it has a rewardstructure with a lot of foresight.
Now look at IXC and i0C - both have almost no community support but still are valued higher. This i don't understand. Maybe it's because they are older?
Uno has better brand, bigger community and better rewardshedule, so it should gain longterm relative to other mm-coins.

I think mid- to longterm it'll start next hausse and then we'll see where that takes us.
In Uno you need to think longterm.

Seeing the hashrate, i don't have a problem with sitting on my coldstorage for as long as it takes 

[FallingKnife]

I just noticed UnobtaniumBot on Twitter tweeting out the  Cryptsy price of $UNO every hour or so.
This is not me. Do you know anything about it?

https://twitter.com/unobtaniumbot

I'm not complaining, just curious.

[BlueMan.]

I just noticed UnobtaniumBot on Twitter tweeting out the  Cryptsy price of $UNO every hour or so.
This is not me. Do you know anything about it?

https://twitter.com/unobtaniumbot

I'm not complaining, just curious.

That is Cryptsy bot. They want to exit on proper price!

OR THAT IS V500 from the death -rebirth some how

[BlueMan.]

[FallingKnife]

I have missed those motivational Blueman UNO graphics! Keep 'em coming!

[BlueMan.]

I have missed those motivational Blueman UNO graphics! Keep 'em coming!

You got it @FK. It's kind a fun for me! Besides regarding alt world and specialy THE RARE category crypto: l like to say what the hero from above image say:

   We are not here to take part, we are here to take over!!

Because Unobtanium is the best rare crypto out there!