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

[prominerone]

Ok. I do not see anyone commenting on my last post. Well then i will keep all my last profit to myself guys.
 That's ok. I know who will get uno donations 

[V500]

Ok. I do not see anyone commenting on my last post. Well then i will keep all my last profit to myself guys.
 That's ok. I know who will get uno donations 

just hide it, let it grow. 
buys you more later

[V500]

cheapest uno sellorders are 0.0097 now

0.4 btc buys it to 0.011 on bittrex and 3 btc do so on cryptsy

Support in the 7s and 8s is growing slowly but steady.

[IMZ]

@ 'They don't understand how UNO works.'
So, let's quietly teach them, using the Less is More approach. Cool. Mature. Understated.
We should already be focussing on the 2015 halving.

@ 'value of Uno in your heart' -- this makes sense to me. It's an aspect of the Hedges Project, F.K. There will be points at which the long-term value of Uno accorded to it by the community will become evident. In a market. The Hedges market.
The 'arithmetic of the market' will say: 'Uno should be $X today' [silver bullion against Uno US$ value]; but the Uno community will reveal that they value Uno above the market rate.

[V500]

@IMZ i can't wait for the trading of the silver-tokens. That's going to be great stuff and will be another great sellingpoint for uno. What other coin does that? No other coin does that.

[gustav]

summary: some dickhead dumps around 0,7% of total supply on the market after a rise.


Nobody paniced - did not trigger any more sells, sellresistance didn't rise considerably, buysupport comes back realitvely good, price did slip 10% but recovers 5% shortly thereafter, hours later nearly fully recovered.  (0.01 is a difficult psychological mark)

What it shows: Bryce was wrong: the rise wasn't too steep. It was just right.

I could imagine Uno being back on track in very short timeframe.


@rojan is that you?

[rojan]

Rojan was a bad/misguided guy on a Star Trek The Original Series episode - I liked the name.

[gustav]

Rojan was a bad/misguided guy on a Star Trek The Original Series episode - I liked the name.

sure, but is that guy in the picture you? Just asking out of curiosity.

[rojan]

You bet your ass that's me. 

[IMZ]

You beautie, V 500! My heart has been in my mouth 'cause it is a complex gig. However, once you guys begin to dig the theoretical elegance of it . . .

It's like one of those ant farms we had in primary school, except it's for watching how different elements -- Btc, Uno, silver, $US -- interact.

M

[IMZ]

I want one of those T-shirts!

m

[rojan]

The life of a revolutionary is... public.

Are UNO T-shirts still available?  I wanted to give credit to 51%attack for allowing me to buy the T-shirt for ~8 UNO, but I couldn't find anything on their site.  Maybe UNO Ts are like UNO crypto itself???

[gustav]

@rojan
you are a simpatico guy. Good people in Uno.

Buysupport is coming in pretty quick now. Must be because of that pic 

[V500]

@IMZ
I am already advertising it  

https://twitter.com/MrV500forUno/status/521190872416010240

today low volume - understandable. Dumps like that are good for distribution and growing community. Keep it up. They'll hate us if we don't dump coins to them and only go up

uno is gonna rise more in the future. Just a few points why:

*low inflation = stability = merchant adoption
*already conveniently exchangeable for physical bullion which will be expanded to metal backed hedges
*limited supply makes it an excellent store of value
*constantly expanding ecosystem
*grassroots, organic growth
*no premine, fair, no bounties whatsoever
*great and open community
*longterm coin - proven to be no vapourware and honest project
*growing adoption
*decentral in every aspect possible
*fiat exchange coming in the future once volume is sufficient

just what i was able to think from the top of my head.

[IMZ]

Let's practice expressing the parameters clearly. We have a physical-bullion trade in development. We have 'Hedges,' a 'micro-currency' coming shortly.

A Hedge 'covers' two ounces of silver bullion that is held in trust by a TT.

Here is a site that has daily bullion prices: https://www.bullionvault.com/silver-price-chart.do

And here's today's Bit of Info: when Uno goes up in price, the value of your Hedge goes down -- but you never know when bullion will begin to rise, and you never know when Bitcoin will have a whoopsie (again . . . )

m

[V500]

Let's practice expressing the parameters clearly. We have a physical-bullion trade in development. We have 'Hedges,' a 'micro-currency' coming shortly.

A Hedge 'covers' two ounces of silver bullion that is held in trust by a TT.

Here is a site that has daily bullion prices: https://www.bullionvault.com/silver-price-chart.do

And here's today's Bit of Info: when Uno goes up in price, the value of your Hedge goes down -- but you never know when bullion will begin to rise, and you never know when Bitcoin will have a whoopsie (again . . . )

m

word are important, yes. Everyone is still learning.

Why does the hedge go down in value when uno goes up? It stays the same since pegged to silver or not? If uno rises you just have to spend less uno to buy the same hedges but the hedge itself in Dollar-terms should stay around the same value if silver does not do crazy stuff, correct?
If uno goes up you will just get less uno for your hedges afterwards or not?

[Benefactor]

  And you guys know what?!!  - I have a IDEA. Big part of the uno I bought it yesterday evening from the dumpers can go back to the community members , Uno projects and new ideas. This way capital they dump on us is only make us stronger.
I think and I believe that each of us can do it. That can be our style from here.

This is a good idea.

[V500]

what i would anticipate



why that?
Because pretty simple:
A lot was bought in the 0.008 not only by longterm community but also by others, new to uno. Most shortterm-profittakers have been bought out in that range. I have just been watching the market too. Support is gathering in the 0.008 to 0.0082 range.
Since uno is no pump and dump but a very fine, clean and fair coin which was grossly undervalued before (coinex) and still is much too cheap i think any dip below 0.008 will only be temporary and recover pretty quickly back to that mark. Uno is hoarded by many. It will just get more scarce over time.
We have no other downward pressure in uno than just people who bought it cheaper. No hard sellpressure from miners and no inflation through pos diluting the coinsupply. Most coins are held by longtermers who believe in the coin and don't think of selling cheap.
Additionally: we had one large dump by one single person last 24h which was putting a lot of stress on the market. For me this dump represents not the overall sentiment in the market. The pretty large dump was absorbed relatively good by the market and did not cause great reactions other than a very slow decline which comes from the fact the buysupport was taken out completely by that dump. Needs some time to come back. But since we don't have those inflation-problems downward pressure is minimal and i am confident demand will outstrip supply many times at these prices. 15 coins bought a day is enough to counter the impact of the inflation - that would be if the miners would all be selling which is not the case. Many of them are holding too. So only downward pressure are said profittakers. That's why i don't see it going below 0.008 for any prolonged time.


Just my 2 cents of course.

Most new people who came in bought in the 0.008 and community aswell (in fact we were just eating a sellwall at 0.01) - so all those people will not be selling below 0.008 - i see only some unpleasant passangers in uno like the one dumping 0.7% of total supply on the market a few hours ago - those people apparently need to be bought out over time. They are the only existing sellpressure high enough to consider. I think we can outnumber them.
Once we got those uno will be hotter than any other coin because low sellpressure and all the other good things.

I also noticed sellorders moving down only very reluctantly overall which is a pretty bullish signal. It's not like people were in a rush to sell.
Hope i am not all too far off with the analysis.
Many people did just a few days ago hear about uno and many will still be sitting on the sidelines and looking for an entry. The large dump hours ago was from my viewpoint an error just like that 1 ton sold at the 28th of september as low as 0.0028 was an error back then. I think in the end of the day these dumps are good for distribution of the coins to more people. If there would not be these dumps people would hate uno for not letting them in while only rising. So they do also  have a positive side to them, believe it or not.

I am always happy to hear your opinion too.

[IMZ]

Why does a Hedge go down in value when Uno goes up?

The Hedge itself, V., will still 'command' a r o u n d as many Uno as the-$-rate-of-Uno is the cost of two oz of silver -- but suppose you paid 12 Uno for a Hedge with Uno @ $3 each, then Uno pops up to $4. At that point, your Hedge would only sell for 8 Uno.

You bought in @ 12; you sold out @ 9.

Pivotally Important Note:

Hedges are not pegged. Pegs don't work. Hedges are a 'trade instrument.' The only thing 'pegged' is that each Hedge is a token for 2 oz. of silver physically held by a community member you trust.

'If Uno rises you just have to spend less Uno to buy 1 Hedge' Correct.

'The Hedge itself should stay around the same in dollar-terms.'

Here's where the theory kicks in, V.:

Hedges aren't valued in Dollars! Hedges are valued in Uno, which are in turn valued in Btc, Ltc, Xrp, and Dollars (and maybe used in barter, and maybe later in $AU or gold or oil or rubber or copper).

It's 'the ant farm.' We are gonna put all these elements in a glass case, and watch them interact.

[V500]

@IMZ
thanks for explanation
But since the hedge is backed by those 2oz of silver they would not only be valued in uno but also and foremost in silver, right? They are exclusively traded for uno and nothing else, they are nominated in uno but they are not uno, they are representations of silver, correct?
So if i buy one of these and uno stays the same in price but it happens a sliver-rally brakes loose i would get more uno for the same token although uno would not have moved, right?
If that's right it will be interesting to see what happens once silver rallies or crashes.
Trading potentially volatile commodities against each other is like playing roulette in an earthquake
But we are used to that.  

Can't wait for the trading going live, tbh. That stuff gives uno additional value, really. Thanks for bringing that to the table.