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

[IMZ]

Reading as we speak: I theorised an NXT asset as the Hedges in the first place -- second place, after trials -- but was unsure how the community would react to the suggestion of bringing a POS coin into the fold.

m

[BitcoinNational]

i like in house

but for another route >> http://multigateway.org/

(still not sure what it is exactly)

[IMZ]

[Got some Notes ready, but can't upload them. Will soon.]

Genially throwing down the gauntlet:

Would we really consider setting up as Masters without doing an apprenticeship?

Hedges are specifically designed to be infinitely scaleable. Phase Two is only six weeks away.

[I see in the wallet a ‘sign message/verify message’ function. What is it?]

So – assuming discussion and theorisation – any TT who buys and takes delivery of two ounces of bullion from another TT can hold that two ounces as backing for one Hedge.

Readers may not know that there are several would-be Hedge owners ‘standing neutral’ in Phase One, to avoid conflicts of interest. Once cleared to trade, they also will be able to hold bullion on which Hedges can be issued.

Note One: the trick with an Nxt asset is to get it listed on an exchange other than Nxt’s SAE – then the trading-pair can be UNO/UNO Asset – which is ‘the middle road’ between Wall Street (Balu2) and in-house (B.N. and others).

Note Two: a coloured coin can be numerically tiny. We set the parameters. This makes possible the idea of a one-oz-Ag-to-one-Un-asset coin. This makes possible an IPO involving only known community members.

Note Three: here is Nxt's SAE. https://trade.secureae.com/#4551058913252105307 -- SAE [IndiaMikeZulu owns a number of assets, and I am an assistan dev (Acting Third Class . . . ) for Nxttycoin.]

 Note the coin-list at left. Go to the bottom. Note 'inactive assets' -- that's dead coins, guys. The crypto terrain is littered with the corpses of coins that over-promised but under-delivered!

[IMZ]

Note:

Coins and assets are quite different.

An asset is a cryptographic representation – ‘shares’ in the Wall-Street model – of an enterprise or technology (and there’s ‘structuralism’ – but that takes you back to a currency).

[IMZ]

Correction: we could get Uno listed on Nxt's MGW (which I don't understand yet). But an 'outside' exchange listing would be optimal in the long run.

m

[FallingKnife]

Reading as we speak: I theorised an NXT asset as the Hedges in the first place -- second place, after trials -- but was unsure how the community would react to the suggestion of bringing a POS coin into the fold.

m

Nobody really knows where this whole crypto thing is going. But I do know that we have a very unique asset in Uno.

If someone wants to setup up NXT hedges for Uno, or a Uno asset on Counterparty, I think it would be a very interesting experiment. I'd love to learn from it.  I think as a community we should understand these things and be able to leverage Uno's value across these decentralized exchanges.

[IMZ]

Hope I'm not pushing the point here:

if an Nxt asset backed by something, then . . .  backed by something (a technology, a business, an amount of bullion)

But otherwise, what would we be leveraging on?

But we're rarin' to go!

m

[smalltimer]

VERY interesting things going on here.
I like the idea of getting an ETF in on Uno.
About NXT AE you need to be careful. They have now assets worth more than the marketcap of NXT. I have no idea how that could end. There is potential there for the whole NXT ecosystem to go belly up. We'd need to do some homework on it.
If a selloff occured on NXT all the assets would be worthless for example. Could cause a domino-effect and bankrun. NXT could vanish over night. Not saying it does but the possibilites are there. Once that bankrun occures it would be game over for NXT.


another thought. Seen this:
https://bitcointalk.org/index.php?topic=793502.0

can we merge that? Currently you get the coins essetially for free. Merging with Uno maybe possible? Blazr2? FK? BN? The others?

Right now a larger player seems to cash out. Maybe he's in a rush and we can get cheap coins. I surely would love to buy as many Uno as possible as cheap as possible right now for the longterm. I feel a lot of good things come to uno soon.

[prominerone]

Yes guys! Like the way you thinking! Big vision for the future. If whole crypto  idea some day be mass adopted and accepted big time as freedom thing by people then UNOBTANIUM going to be top of the line no mather what: assets,currency,commodity art material ,powerful source for many things....endless.....
Rare coin is the KING of all cryptos  -it is in his DNA. Rare can hold  the biggest power than all by nature   uno is created to by the biggest thing than all kinds of cryptos in existence! To be the sun for all types...to be The Lord .  It is made to be bigger than anything evan than bitcoin  
I feeling the magic in uno from long time. Special confidence that don't have with other coins. that's why all my crypto life want to dump btc for Unobtanium  
You guys The rare community offering great ideas! I like it  
You're the best!

[smalltimer]

I feeling the magic in uno from long time.

same here. This coin is special. It is done the right way. There is nothing that i dislike about it. There is no other coin where that applies. Should have a great future. It's just perfectly done. Genius work by Blazr2

[prominerone]

Btw what happened with Uno android wallet   I thing the guy who's was working on it also is China student.he maybe will help with China uno forum  translation....

[IMZ]

'We have a very unique asset in Uno.' Ergo: proceed with caution.

Amass bullion and develop trust-network – thus creating a ‘distributed vault’ -- then jump to an asset. (The Original Plan)

And/or: create forthwith a tiny asset as an in-house experiment.

m

[smalltimer]

everyone just keep doing what you are doing. This is working out nicely. Some very intelligent/competent people coming together in this coin.
I share BN's vision of uno being a strong pillow in altcoins economy. It has all it takes. Just keep it honest and clean and we'll be able to build many good things around it over time.

That dumper right now comes in handy for me.

edit: surppression is obvious - wonder what he has on his mind 

[cryptoconomist]

Hi,

Anyone think that 190k mined coins already is a problem?

thanks all

[smalltimer]

Hi,

Anyone think that 190k mined coins already is a problem?

thanks all

no, it's a good thing. Base money emission over 1 year is pretty fair. Now it can go to the moon and hold price. It will not be sold down by the miners like bitcoin is. Not a problem at all. The value of those 190k will not be eroded very much now. Lucky man, who has some of those 190k.

[rojan]

What will it take for UNO market cap to reach and stabilize around $200,000,000 (~$1,000 per UNO)?  This can be achieved in what period of time (# of years)? 

UNO has been around $500,000+/- market cap area for a while now which has been encouraging despite early challenges that could have smothered it in the cradle.  I'm looking forward to $1,000,000+ market cap and to continued solid performance. 

Hi,

Anyone think that 190k mined coins already is a problem?

thanks all

I'm not sure about this.  UNO is distributed by miners selling - I'm glad for it.  I will continue to buy from anyone willing to sell at current prices.

[smalltimer]

What will it take for UNO market cap to reach and stabilize around $200,000,000 (~$1,000 per UNO)?  This can be achieved in what period of time (# of years)? 

depends very much on crypto economy as a whole and bitcoin/altcoin adoption by the public aswell as on our work that will improve the value of the coin. Like what IMZ does and other things. 200 million cap. Can be 2015 already maybe it takes a bit longer. Give or take a year or two.

A mega-whale could be stepping in tomorrow and we are at 200 mil this year already. Who knows? Everything is possible.

[FallingKnife]

In the short term, $5 Uno will get us close to a $1m cap, which is completely reasonable, imo.

Hodling gives Uno kind of odd market mechanics. That's why it tends to trade in spurts,  high volume one day, low the next. Sort of like Gold... you don't see all of the gold in the world on the market at the same time, but when prices go high enough then suddenly the  wedding rings and tooth fillings are on the counter.

Right now the market has a larger wallet with about 2k that is trying to move to btc. He's doing a nice job, setting Uno back up after sells, and trying not to completely erode buy support. He's is being patient. Who ever it is is a mature investor; good work. Come back soon.

The 2 basic ways to buy/sell Uno:  patient and impatient.
Impatient investors go out and buy it right now. Thin sell orders hold them back.
Patient investors wait for a whale to cash out and catch the drop.

Between the patient/impatient Uno investors is a chasm some days that buyers & sellers find difficult to cross.  The way in and out of this market is small trades. Small up, small down.  Patience is a virtue with Uno.

[BitcoinNational]

I feeling the magic in uno from long time.

same here. This coin is special. It is done the right way. There is nothing that i dislike about it. There is no other coin where that applies. Should have a great future. It's just perfectly done. Genius work by Blazr2

dump btc for Unobtanium

Let the trend begin ... I've been following the similar mantra of "Turn cash into BTC, and BTC into UNO quick and fast".
_{*Impatient investor i must be}


And for the genius work of Blazr (the true lead dev thinks i)
perhaps we should all start taking positions on OFF and Skidoos
this is for future tips to Blazr when you are feeling uno-good

Hodling gives Uno kind of odd market mechanics. That's why it tends to trade in spurts,  high volume one day, low the next. Sort of like Gold... you don't see all of the gold in the world on the market at the same time, but when prices go high enough then suddenly the  wedding rings and tooth fillings are on the counter.

My guess is that the low volume will switch to a faster money velocity once UNO reaches $5 / $1M mc

Those of you that trade often should look to trading in a more narrow (weekly) channel.  This will help generate volume while giving stability.  Long investors will still be coming in an putting upward pressure.  And bear whales testing the floor.  But thier price points will be a notch above and below.  So 2 separate markets simultaneously operating.   Eventually you'll see very short term fast markets (1Hr 6Hr) there will be bots making that market ... AI is getting cheaper by the day and UNO offers fair price stability for them to play in.  My quess is that the bots will be buzzing in top of the books in 12months.  

[gustav]

if the current seller reads this:

make less sellresistance, smaller walls and remove some from 81 to 83 for the moment, we'll buy you out within days.