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

[natmccoy]

It's because that screenshot is of top addresses, not top wallets. Bittrex wallet is properly shown as #2 on 'top wallets' page, but it is labelled "Cryptsy Cold Wallet." As you said, #1 address & #1 wallet is the Cryptsy funds now controlled by court-appointed receiver.

[MicroGuy]

I was studying the UNO volume and it appears that 85% of it is created by a bot on C-CEX. This means that organic volume is probably closer to $100/daily.

Someone controlling 10% of the supply (or $40,000 worth) could, for all intents and purposes, irreparably harm the currency. This means that the Cryptsy coins would have to fall into benevolent hands to ensure the avoidance of a market catastrophe.

Does this seem like a plausible statement, or am I being overly dramatic?

~~

[FallingKnife]

It sounds a little dramatic to me.
The Uno community just harpooned a whale and absorbed a 6K uno dump a few weeks ago.
And they absorbed a 5K dump from the Coinex theft in 2014 when that was about 6% of supply.

Trading volume moves between the exchanges. Bittrex is generally the most active over the long term. Ccex's Uno market has some depth at the moment.

If someone buys it cheap, they'll probably a) dump it deep, or b) keep it off the market for long term appreciation.

I'm OK with either scenario.

[learminer]

I was studying the UNO volume and it appears that 85% of it is created by a bot on C-CEX. This means that organic volume is probably closer to $100/daily.

Someone controlling 10% of the supply (or $40,000 worth) could, for all intents and purposes, irreparably harm the currency. This means that the Cryptsy coins would have to fall into benevolent hands to ensure the avoidance of a market catastrophe.

Does this seem like a plausible statement, or am I being overly dramatic?

~~

Yeah, I'd say overly dramatic. First of all your scenario isn't exclusive to UNO, it could be applied to pretty much every altcoin. I don't understand what you expect to hear. UNO is quite cheap right now, I guess it would be "affordable" for a malicious party to aquire enough coins to do harm, but you could just as well just burn the money. Hmmm, now that I think about it that sounds just like what has happened this spring, lol. Somebody market-bought UNO up to almost 10x current price, just to dump the coins down to 1/10th current price not long ago. Didn't "irreperably" harm the market, price is just where it was 6 months ago almost like nothing happened.

Look, I've been trading Unobtanium for close to 2.5 years now, I've been through pretty much all the pumps, dumps, hacks, theft, chaos, FUD, greed, but also fun, joy and excitement. UNO has a loyal core group of hodlers and traders, attracted to the coin due to its fundamentals. The pumpers come and go, we stay. Many of us really like to hold and accumulate the coin whenever it is considered cheap (historically that would be whenever it is below .005). Some of us sell when the price goes up and rebuy when it comes back down, others just hold. This tendency to accumulate and hold has repeatedly resulted in periods of low volume. UNO is not a market to quickly flip a few BTC worth of coin for profit.

Don't mistake that as a lack of interest though. There's plenty of people watching the markets that would be more than happy to put more BTC on the buy side of the orderbook, should further dumps occur. UNO traders prefer waiting for weak hands to bleed out, rather than buying from the offers side on the exchanges. We're a patient bunch of motherf***ers.

[Gekko463]

On another topic...postcard from China...

I was just visiting China last week. Since I was on holiday and don't use facebook and crap like that, I didn't bother installing a VPN.

Guess what? Most bitcoin related sites are blocked by the Great Firewall of China. Bitcointalk, and many of the newssites are simply unavailable unless you are clued-in, high tech and have installed software to get around the wall--which you generally have to do from OUTSIDE the country before coming in.

So, while not "banned", the IDEA of bitcoin/crypto is somewhat hidden from the general populace.

I spoke to a few otherwise educated Chinese people and they had no idea what bitcoins are.  The people mining and trading in China is a dissident, technological, moneyed elite.  Your average Cho on the street is in the dark.

FWIW

[Kingn56]

Has anyone or would anyone in this group be able to create regular paper sized unobtanium posters that could be plastered across city streets? 

[FallingKnife]

Has anyone or would anyone in this group be able to create regular paper sized unobtanium posters that could be plastered across city streets? 

Not that I'm aware of. There's some artwork in the OP that could be adapted.  Go for it, man! Run with it! UNO is open source.
It belongs to you as much as it belongs to me.

[Gekko463]

Has anyone or would anyone in this group be able to create regular paper sized unobtanium posters that could be plastered across city streets? 

Blueman has provided quite enough artwork.  Go for it pup.  A whole city and lawn mowing money?  (Do US kids even do that anymore or is it Mexicans from Home Depot now?). Awesome.

[Kingn56]

Has anyone or would anyone in this group be able to create regular paper sized unobtanium posters that could be plastered across city streets? 

Blueman has provided quite enough artwork.  Go for it pup.  A whole city and lawn mowing money?  (Do US kids even do that anymore or is it Mexicans from Home Depot now?). Awesome.

The majority of my generation are far 2 lazy to work unless homeless or starving if you haven't noticed yet. lmao

although... uno does have me thinking about how much uno I could buy with that lawn money.

[Krypto Superdog]

Has anyone or would anyone in this group be able to create regular paper sized unobtanium posters that could be plastered across city streets? 

Blueman has provided quite enough artwork.  Go for it pup.  A whole city and lawn mowing money?  (Do US kids even do that anymore or is it Mexicans from Home Depot now?). Awesome.

The majority of my generation are far 2 lazy to work unless homeless or starving if you haven't noticed yet. lmao

although... uno does have me thinking about how much uno I could buy with that lawn money.

https://www.scribus.net/  is an open source equivalent to adobe's InDesign.  That software, blueman's graphics, and a couple instructionals should be all you need to make flyers. 

[Kingn56]

Has anyone or would anyone in this group be able to create regular paper sized unobtanium posters that could be plastered across city streets?  

Blueman has provided quite enough artwork.  Go for it pup.  A whole city and lawn mowing money?  (Do US kids even do that anymore or is it Mexicans from Home Depot now?). Awesome.

The majority of my generation are far 2 lazy to work unless homeless or starving if you haven't noticed yet. lmao

although... uno does have me thinking about how much uno I could buy with that lawn money.

https://www.scribus.net/  is an open source equivalent to adobe's InDesign.  That software, blueman's graphics, and a couple instructionals should be all you need to make flyers.  

Thanks, will start attempting to work on this now, now I just need to find bluemans graphics.

[Unpredictable]

Has anyone or would anyone in this group be able to create regular paper sized unobtanium posters that could be plastered across city streets? 

That's a really great idea!

[Kingn56]

OK this will be my last reply for a little whille sorry for what some of you may perceive as spam.

I have converted that image I found to regular a4 paper size and made it black and white so it is less expensive to print incase anyone else feels the need to post them around.

Link:https://i.imgur.com/lumJMGP.jpg



Edit: also just to make sure I do not receive credit where it isn't due, I found this photo in color, resized it and made it black and white. I DID NOT create it. So thanks to the guy who did And unfortunately my poster plastering activity's have been delayed by a day or 2 due to rain. I'd prefer the posters stayed dry as long as possible.

[FallingKnife]

[Kingn56]

1.5ton buy order at c-cex and like 300 coins just got purchased at bittrex. God damn.

EDIT: Seems to be some market depth being developed on bittrex.

[Kingn56]

I have a question about the big vern incident.

Lets say for example we made a bulk purchase of all the coins? Who gets the money that is spent on buying the coins?? It just all seems a bit weird to me and that maybe if they can reimburse those with proof then just destroy the rest may be a better option? I just don't understand who the money would go to if they auctioned them off? why does a random court deserve that money. etc. I just can't think of a way in which the users receive both ends of the stick. Which unfortunately makes me think burning them is better.

[6436346346]

I have a question about the big vern incident.

Lets say for example we made a bulk purchase of all the coins? Who gets the money that is spent on buying the coins?? It just all seems a bit weird to me and that maybe if they can reimburse those with proof then just destroy the rest may be a better option? I just don't understand who the money would go to if they auctioned them off? why does a random court deserve that money. etc. I just can't think of a way in which the users receive both ends of the stick. Which unfortunately makes me think burning them is better.

The funds will go first and foremost to any receivers for Crypsty Ltd and most likely Project Investors Inc (depending on the way the relationship between the Belize and US companies was setup)

That could be Land lords, Hosting providers, Lawyers etc, customers will come last like in the majority of liquidation cases.

However them stating that the databases where wiped, there is no hope on individual users getting funds back as there is little to no hope of proving who owned what


Worst part is if there is any funds left unassigned after liquidation is complete, it will go back to Big Vern or the other directors of Crypsty Ltd (I doubt anyone at Project Investors Inc would have the balls to step forward to make a claim) but someone safe in the beautiful country of Belize just might

[balu2]

Some great ideas being shared here. Thank you!

~~

Sorry if I missed this if/when it was posted but are the Cryptsy addresses the #1 and #5 addresses on the rich list? Both had activity 10 days and 22 hours ago.



https://chainz.cryptoid.info/uno/#!rich

Yeah, I don't quite understand that.  The #5 wallet is the old #1 wallet at Bittrex (i/e the UNO stolen from Cryptsy and transferred to Bittrex).
The new #1 wallet is the UNO transferred back to the control of the Cryptsy conservator.

Somehow, there was 15K transferred to the new #1 wallet. 10K came from the Bittrex wallet, but 5K came from elsewhere, and so 5K still remains in the Bittrex wallet (the former #1, now the #5 UNO wallet). I don't know why it happened like that. Maybe Bittrex had a reason to retain 5K Uno in that wallet, and moved the other 5K from elsewhere. Anyone care to venture a guess?

#5 would be bittrex coldstore and "elsewhere" the 5k came from would be all the hot wallets (which can be verified by the tx).
Around 5k (give or take a few) is also what the bittrex distribution tab shows they should have. I'm fairly sure if an Uno-whale wanted to withdraw a ton from trex he or she would draw on that exact #5 wallet.
On the other side bittrex hotwallets should be fairly empty right now.

Edit: the tx from bittrex to the cryptsy receiver shows two things:
1) Uno is fungible
2) Bittrex is solvent when it comes to Uno

[balu2]

And we just crossed the MA to the north  

Edit:
The buyer on c-cex might have something to do with it  

[Kingn56]

And we just crossed the MA to the north 

Seems like when bitcoin gets even a slight bit bearish people start to hedge money in uno? or maybe someone is just playing around with the bittrex market. or a new investor. lol