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

[BitcoinNational]

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

Black Whales vs. White Whales

Go BlueMan!

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Unobtanium is a specific type of crypto and let's just say unique in its properties

  1.  POW (that means you don't need to stake it just hold/protect private keys ... that's EZ!)
  2.  DAC ... in terms of market placement, case use, community growth, UNO is a success story, it fuctions as a kind of company, it creates a kind of product, and yet no one person is officially in charge.
  3.  Store-of-Value ... now there are other coins that can work for this too, but nearly all of the other 'SoV' coins are stakes so you need to risk your capital open on a live network, for some chucks of capital this maybe fine, but start to think about staking $25k and you get a bit nervous ... and UNO still has a small light touch of daily inflation (less than 4kg/day) which helps facilitate daily trade volume (liquidity).
  4. Attached to the Bitcoin network ... power = protection ... i.e. SECURITY for your money ... think of it like the most highly protected bank vault.
  5.  Established ... launched in 2013 ... traded competitively ever since 24/7/365 ... you can not duplicate that until you aquire a time machine.
  6.  More ... for me it is the community ... most of the regulars here have pretty sharp minds when it comes to the pulse of various markets ... and can read what is going on behind the every day noise/buzz/smoke/curtain




That's my Coin!

[FallingKnife]

I take it nobody has tried the Un/Cny market on Bitebi9.com (aka Cryptsy China) because their  wallet still doesn't generate deposit addresses.

Other coins  (btc/nmc/aur/etc) generate deposit addresses.

[BitcoinNational]

I take it nobody has tried the Un/Cny market on Bitebi9.com (aka Cryptsy China) because their  wallet still doesn't generate deposit addresses.

Other coins  (btc/nmc/aur/etc) generate deposit addresses.

@FK

you're the bleeding edge on that new frontier
but tis interesting (who is what is) this new CNY exchange
problem i see is how do you get CNY (someone something) has to kickstart that exchange on the counterparty side ... looking at you BTC, LTC

[FallingKnife]

Today's trade volume is all Cryptsy.  
I see the Big Wallet has now dropped to 17,752.7 UNO   9.03 %

[BitcoinNational]

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.

balu2 thought about this too ...

my best guess on the "Why"
1. older which means that iX i0 caught summer 2013 'buy all ALTs!' up draft ... world, mega, terra, asic, fanko, bitbar, everybody that had a coin got $Millions in marketcap evaluation
2. where to buy?  i0 required knowing a guy, that knows a guy, that went to college with the roomate of a guy who has some.  MARKET exposure = limited.
3.  whales.  see unfair early days distro.
4.  $50 gets you 33% increase in iXc marketcap ... LOLz ... just means there's no liquidity/market

I still think iX and i0 are interesting projects ... but UNO long ago pasted them in Market/Community/Tech.

UNO is walking the long walk, the real deal, and the real deal is building up real marketcap that weathers any storm and always expanding the number of exchanges & markets & functional use.


=====
$1,754,786.38
What is the approx. cost of hardware required to attempt a 51% attack on network UNO?
https://www.coingecko.com/en?page=2

[FallingKnife]

On Cryptsy, it's pretty much all buy orders for Uno. Virtually no sellers.
I don't think there is even 2 btc on the entire buy side of Uno, all the way down to 1555 sats. People don't want to trade Uno for Btc on Cryptsy right now.

The sell side is also thinning out. There is now just under 700 Un for sale beneath 0.006 btc.
To buy the entire visible book up to .011 would cost 20 btc and yield 1907 Un.

It makes me wonder about the 17,659.0 UNO, 8.98 % of supply, that is visible in the Cryptsy cold wallet at https://chainz.cryptoid.info/uno/address.dws?202172.htm

Why are those coins still there, given the 3 months of problems?
They are not for sale (by virtue of the thin sell side).
The owners don't seem to be accumulating more Uno on Cryptsy (by virtue of there simply being no buy orders).
I am unaware of any reported withdrawal problems for Uno.

It seems irrational to me that the cold wallet is still so large, and that nothing is happening with those coins. But these things are usually rational, in retrospect...

Speculating on some possible scenarios for the Uno Cryptsy cold wallet:
Owners are simply uniformed about Cryptsy's situation
Owners are not concerned about what's going on
Cryptsy is the owner of much of the cold wallet
Owners are anticipating an even higher price by keeping the sell side thin

All we know for certain is that there is a lot of Uno still in a wallet that Cryptsy controls.
Anyway, it is interesting to watch this play out.

The Uno rich list at this moment, for the record:



In the past 8 weeks, the size of the cold wallet has nearly halved. 16k Un has been withdrawn.

[siameze]

=====
$1,754,786.38
What is the approx. cost of hardware required to attempt a 51% attack on network UNO?
https://www.coingecko.com/en?page=2

51% attacks are so 2013. Much cheaper ways to attack blockchains nowadays, see: https://bitcointalk.org/index.php?topic=1198032.0. I'll have to dig up the links to the 3 other types that can be performed with little to no cost.

[natmccoy]

Welcome to 2016 everyone. Let's show people what we've got this year!

[FallingKnife]

Happy New Year!
2016 is going to be another great year for Uno!

[BitcoinNational]

2016
in a word DOGE
it will happen
... just watch

[secretly acting as the work dog for UNO .. atta boy!]
  https://duckduckgo.com/?q=blue+top&t=ffsb&iax=1&ia=images



to all those who bought before 2016 may you someday be rich old men

[Krypto Superdog]

Happy New Year, Unoverse!

[FallingKnife]

According to Cryptsy's chat box, Uno is among the few coins that can still be withdrawn.



The top Uno wallet, which is cold storage at Cryptsy, is now down to 8.8% of supply.

I am really hoping that more of those coins in cold storage come out to play on the Crytpsy market. It would be a double benefit to a) the people who want to get value of Cryptsy, and b) liberating a large supply of Uno for the other markets.

The way things are playing out, I am concerned about that large supply of Uno.  I don't want it be lost, but neither do I want it to be potentially stolen and dumped out to other markets. The best scenario (outside of Cryptsy fixing itself) I would be if it continued to drain orderly.

[natmccoy]

That list being posted by 'SystemMessage' is a new development, previously users or mods were compiling and posting it daily. Now that Cryptsy is automatically posting the list it seems more like an official alert, "ATTENTION CITIZENS: evacuations are taking place by bus from Cathedral Park. Form an orderly line, follow military orders and you will be safe." It also strengthens the 'conspiracy' theory a little: "These are the coins that Big Vern is selling from his stockpile and arbitraging to get out of debt, if you want to see your money again you must buy them."

I don't think you need to worry about that 17,000 UNO being liberated as long as people continue to buy there. It seems that whenever buy orders are posted high enough or sell orders are eaten, more sell orders are posted from the mysterious reservoir. If Cryptsy lasts just a few more months we may see the well sucked dry.

Thousands of dollars of market action regularly these days. Place your orders on Bittrex from 0.003-0.0035 to increase your holdings before the supply dries up and we sprint upwards.

[BitcoinNational]

adding to theory:

seems the items on the lower shelf are being let out (Round 1 of overprice Cry hoards)
once this "system" is established they'll open up the top shelf coins for draw down, marked up in btc/ltc/xrp

and then hit it with a hammer by opening say XRP 

shuffle the deck and play another round 

[cmg777]

Cryptsy is definitely another Mt. Gox scam and I should have never done business with them after seeing these signs.

1. When Cryptsy seemed to be a decent exchange I would try to withdraw BitcoinDark to send to my wallet to stake. Guess what? I would sometimes (not all the time) only receive half of what I wanted to withdraw and needed to again withdraw the other half; thereby paying double the fees they had back then. I seriously think they were staking BTCD themselves.

2. I'm kind of embarrassed to admit this but Cryptsy had another alias beside bite9 (or whatever that Chinese version of its exchange is) it was a service called Mintsy. Mintsy was a cloud-mining service still in Beta when I started. You would receive whatever altcoins that you wanted to mine or you could customize and mine other altcoins besides the one they had listed for that particular standard mining(i.e. SHA256, Scrypt, X11). You could also rent hash from other with using bitcoin from your balance or sending it to your wallet for the Mintsy service. Well eventually this service went bust and I lost out big as the time agreed contracts that I had out were never fulfilled. I think their excuse was that the provider they had outsourced had some sort of disagreement with them. At that time I left most of my alts on Cryptsy waiting for them to reimburse me. I emailed them via Mintsy as to when I would be reimbursed and only received emails with more excuses until I received no emails at all.

3. When Cryptsy started to charge no fees for their trades I started to get suspicious. I did some research and I found some news reports that users were unable to withdraw BTC from Cryptsy. Also I found some disparaging information about the founder Big Vern that he was sort a shady character in the crypto-world. I went into full panic mode. I sold the alts I felt were weak that I had mined, and changed the BTC to alts that I had favored. I made a swift exit with the alts to other exchanges that I felt were fairly sound (for now...). I made it out before other alts had fallen under the same spell as BTC withdrawals on Cryptsy.    

[BitcoinNational]

Cryptsy was running a fair enterprise.  Given the malarkey on 9/10 other exchanges Cry was doing it right.  Once a coin was listed it was not delisted 3 weeks after the P-n-D faded out.  They resisted from listing 'hot this very minute' ninja scam cons.  And they where doing a masterful job of letting other exchanges 'beta' test a coins market before 'stealing' the new market share.

The trade engine worked, nothing fancy.  I never lost coins.*

But warning signals started buzzin mid-summer, things where fishy, and I think a large chunk of BTC was 'accidentally' double sent, and with the rise of btc from $180 to $470 insiders got burned running a fractional float ... and now sitting on top of most the Doge and Dash coins it looks like they're hijacking them for a bail-in bail-out of "Investors Project".  

That said, the Cry market share is large enough to likely get some $$$ to help, or they'll just continue to suck until the last sucker gets stuck in their honey pot and the servers are turned off because nobody is paying the bills

[FallingKnife]

Since there is so much Uno stored on Cryptsy, its logical we will talk about it here. There are many other threads to vent about Cryptsy's performance on BCT. For the sake of this moderated Uno thread, lets keep the discussion here centered on Uno. I/e no mention of Cryptsy without corresponding mention of Uno, please.

I think BN's observation has merit.  If the "technical problem" I was trying to solve on an Exchange was Btc illiquidity, I would try to sell the exchanges holdings for bitcoinfirst, starting with the least liquid holdings first.  Uno is a great coin imo for its low inflation characteristics, but is not highly liquid. It also has a strong network and so it would be a good candidate for Cryptsy to liquidate Uno first.

Speculation: could be that the last Coinfire article did more damage than I first thought, perhaps causing a run that lead to Btc withdrawals locking down and changes in Cryptsy's withdrawal policies shortly thereafter.

Selling off Uno first is fine by me at this point. Bittrex is setting up now to become Uno's most active market. Losing Cryptsy would be a shame (and a small part of me still has hope they will pull out of this nose dive), but it's not going to harm Uno the way it will harm other coins that are only alive because of Cryptsy markets. Uno will survive the Altpocalypse.

[BitcoinCharlie]

Welcome cmg777!

How did you come to know Unobtanium?

Have you been a holder of $UNO for awhile?

Or, did you use Unobtanium to exit your holdings from Cryptsy?

[natmccoy]

[BlueMan.]

Yea  Bittrex guys! Not good to see another mega wallet build up. Move it out. Some guys like to use exchanges as bank . Or Bittrex itself buy and sell it in long term maybe...who knows?