[ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer

[davisgreen]

Guys, it's not a complicated concept.....

All it takes is one wealthy investor to buy 12,500 uro coins, use them to purchase 12,500 tons of urea and then sell that urea for a multi-million dollar profit.

What's the next thing that investor would do? Well obviously they would go rush to buy another 12,500 coins so that they could buy more urea and make another killing. But as they rush to buy coins, what happens to the price?

Then more investors become interested, and on and on....

It's not wishful thinking, economics 101.

Once things are established - i think 1 uro can go higher than the urea/ usd price as using uro will save in thousands of bank fee (which of course will get you more urea) and will reduce the time delay in clearance of funds internationally and stuff. Time=money

But for all this to happen, there need to be all the infrastructure and uro eco system in place where the actual users of urea have started purchasing urea with their uro certificates for their next season urea supply.

Where will the incentive be to produce the Urea itself? If you can create urea from a computer algo the benefit to party A has to be the same as party B.

Are any economics people in the house that realize you are creating a fiat currency in crypto. The thing crypto wanted to avoid? Your centralizing the market to a group of urea investors. Who, in the pump of this all are supposed to take a 99% loss selling it for the "ease" of uro coins, rather than the open market price, which has no problem being accepted. The margins are already in urea pricing, so that business can make profit at the current price points.

Margins on urea are not greater than 99%. So ask yourself. If you are a business selling a product with a large market, where liquidity is NOT an issue. Would you take a 99% loss to use a coin like uro? What are the benefits of URO over say bitcoin? Name? A centralized organization? I really love the idea of a commodity backed crypto. But im sorry, this one doesn't look to be it.




This is a great read about the mentality of investors who do well and others who don't. Everything revolves around your reward mechanism. Seems like a lot of bubble sounding talk goin on. How this coin will go up 100x in value to meet urea price. But simply put.. It doesn't add up.


http://www.businessinsider.com/the-brains-of-great-traders-2014-7?utm_source=mobilesrepublic&utm_medium=referral&utm_term=mobilesrepublic

I do wish you all the best. A commodity backed crypto done the right way could be a exciting.

Here's quoting from earlier


Now let Uro == “Urea delivered in the future” == “Urea Certificates (UC)” (simplified adaptation of Uro paper wallets for farmers/people who don’t want or need to know about futures or Uro as a cryptocurrency).

UCs provide farmers confidence in the sustainability of their operations by hedging away the risk that they may not be able to afford fertilizer next season if the fertilizer prices go up too much – In the longer term – farmers will learn to buy their UCs when the price is low (they cannot do this without Uro because Urea has a short shelf life and the lack of storage space) – this behaviour will force the price higher – hence forming a free market supply/demand stabilisation of Urea prices – which in term reduces the magnitude of fluctuations in the Urea price for the entire economy – even those not adopting Uro.

Wholesalers make their margin by simply selling UCs at a price higher then they paid for Uro. This is no different to before – when they brought the Urea at a lower distributors price and sold it at a higher wholesale price.

In the case where the farmer goes on an exchange and buys Uro themselves directly on the open currency exchanges (unlikely due to various difficulties – learning curve, internet, access to computers, electronic bank account access, etc) – they will have effectively saved the above margin that would have been earned by the wholesaler. But since very few farmers will end up doing this the loss in revenue to wholesalers will be minimal.

Finally wholesalers have access to Urea at lower prices when they sign yearly supply contracts with international trading companies (very common) – and this can still be achieved with Uro just as before. Uro and Urea can be both be supplied in larger quantities below the current market price to wholesalers – and they continue making their margins for providing a valuable service – inventory, accounting and customer support.

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[mistercoin]

Guys this is an eventual outcome.  Nobody is saying 1URO will be worth 1 metric tonne of Urea in the real world any time soon.  This is the eventual aim but it will take time.  If it happened overnight it would be a scam.  There's no guarantee it will work but there are no guarantees in crypto.  Did anyone think BTC would ever be worth anything when it was used to buy a pizza for 10,000 BTC - URO is in the same position at the moment.  Anyone expecting to suddenly become rich should use their money to buy lottery tickets instead.  If you want to invest in something for the long term then look at this.

An eventual outcome? How do you explain "Uro: Backed by Millions of Tons of Urea Fertilizer" and "A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer" ??

[TiberiuC]

So when does the truth (or lie) of all this get settled? When is the definitive proof (or lack of proof) scheduled to come out?

Don't think you will see that,maybe there will be definitive proof but it won't get settled. This back and forth will keep going for weeks till people lose interest.
Probably the shipment will be in progress for a while...

[Soul_eater_123]

Wtf are you rambling about? It's either backed or not.

WTF - you can't read?  It's not worth $300 dollars yet.  Is that to much for you to take in?

[Soul_eater_123]

An eventual outcome? How do you explain "Uro: Backed by Millions of Tons of Urea Fertilizer" and "A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer" ??

It's not my job to explain things to retards.

[TiberiuC]

An eventual outcome? How do you explain "Uro: Backed by Millions of Tons of Urea Fertilizer" and "A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer" ??

It's not my job to explain things to retards.

That's why you don't understand anything...

[timertrainer]

Sent GES HK an e-mail and confirmed it to be legit for myself.

[Soul_eater_123]

That's why you don't understand anything...

You don't know anything about me, but if it makes you happy......

[GIBZORS]

Sent GES HK an e-mail and confirmed it to be legit for myself.

I wouldn't take just an e-mail as confirmation that it's legit
but it's a start I guess..

[corather]

Sent GES HK an e-mail and confirmed it to be legit for myself.

I wouldn't take just an e-mail as confirmation that it's legit
but it's a start I guess..

It's a Hong Kong company, which means it might as well be British.

That alone adds a genuine feel to it.

[Liquid71]

Sent GES HK an e-mail and confirmed it to be legit for myself.

I wouldn't take just an e-mail as confirmation that it's legit
but it's a start I guess..

It's a Hong Kong company, which means it might as well be British.

That alone adds a genuine feel to it.

Hong Kong hasn't been a British territory for over a decade

[Liquid71]

Guys, it's not a complicated concept.....

All it takes is one wealthy investor to buy 12,500 uro coins, use them to purchase 12,500 tons of urea and then sell that urea for a multi-million dollar profit.

What's the next thing that investor would do? Well obviously they would go rush to buy another 12,500 coins so that they could buy more urea and make another killing. But as they rush to buy coins, what happens to the price?

Then more investors become interested, and on and on....

It's not wishful thinking, economics 101.

Once things are established - i think 1 uro can go higher than the urea/ usd price as using uro will save in thousands of bank fee (which of course will get you more urea) and will reduce the time delay in clearance of funds internationally and stuff. Time=money

But for all this to happen, there need to be all the infrastructure and uro eco system in place where the actual users of urea have started purchasing urea with their uro certificates for their next season urea supply.

Where will the incentive be to produce the Urea itself? If you can create urea from a computer algo the benefit to party A has to be the same as party B.

Are any economics people in the house that realize you are creating a fiat currency in crypto. The thing crypto wanted to avoid? Your centralizing the market to a group of urea investors. Who, in the pump of this all are supposed to take a 99% loss selling it for the "ease" of uro coins, rather than the open market price, which has no problem being accepted. The margins are already in urea pricing, so that business can make profit at the current price points.

Margins on urea are not greater than 99%. So ask yourself. If you are a business selling a product with a large market, where liquidity is NOT an issue. Would you take a 99% loss to use a coin like uro? What are the benefits of URO over say bitcoin? Name? A centralized organization? I really love the idea of a commodity backed crypto. But im sorry, this one doesn't look to be it.




This is a great read about the mentality of investors who do well and others who don't. Everything revolves around your reward mechanism. Seems like a lot of bubble sounding talk goin on. How this coin will go up 100x in value to meet urea price. But simply put.. It doesn't add up.


http://www.businessinsider.com/the-brains-of-great-traders-2014-7?utm_source=mobilesrepublic&utm_medium=referral&utm_term=mobilesrepublic

I do wish you all the best. A commodity backed crypto done the right way could be a exciting.

Be careful trying to make sense here, this is a place where delusional greed and denial rule and rational thought is drowned out.

[solid12345]

The thing is unlike all these other scam coins with anonymous devs hiding behind VPNs, Green Earth can be taken to court for accepting URO as payment and not providing Urea. I seriously doubt a company would risk being sued or even having execs go to jail over this when at the moment there is so little money at stake.

My company deals with Chinese manufacturing firms and there are plenty of con artists over there, but the difference is the con companies don't have a 10 year web presence or branch offices around the world and can usually only be found in temporary buildings so they can pick up and escape to start their fraud elsewhere. Green Earth is pretty rooted in their location.

Also their CEO's name and face isn't plastered all around the internet either.

[scambust]

Hello, why can't I view Nilesh Nair's LinkedIn profile anymore?

I would like to learn more about the person behind the signing of the URO protocol which is shown on the contract.

I'm sorry I have this habit of checking the background of people behind the coin to know if my hard-earned money will profit or not.

Thank you.

[solid12345]

Hello, why can't I view Nilesh Nair's LinkedIn profile anymore?

Yes you can

https://www.linkedin.com/profile/view?id=216332680&authType=NAME_SEARCH&authToken=fEwj&locale=en_US&trk=tyah&trkInfo=tarId%3A1404918288452%2Ctas%3Anilesh%20nair%2Cidx%3A1-1-1

my hard-earned money

Why do I doubt this for some reason?

[scambust]

Hello, why can't I view Nilesh Nair's LinkedIn profile anymore?

Yes you can

https://www.linkedin.com/profile/view?id=216332680&authType=NAME_SEARCH&authToken=fEwj&locale=en_US&trk=tyah&trkInfo=tarId%3A1404918288452%2Ctas%3Anilesh%20nair%2Cidx%3A1-1-1

my hard-earned money

Why do I doubt this for some reason?

Must be a glitch

[nathalie20]

Each Dev writes that his own coin is the best. Just how much truth in this? And as for Uro. How not to get urea how to sue their to court? where are the papers on it that it has to operate legally and that the company's lack of supply of raw material will be fined?

[scambust]

You guys have any videos of Mr. Nilesh Nair? I would love to hear him speak. There must be about 100s of people interested to hear from him speak about his company's part in the URO Foundation.

I'm sure he would be able to grace his loyal investors some face time, even just a teeny weeny bit.

[stormia]

People, please read the OP before asking questions. A lot of information in it.

[BEECoinfan]

You guys have any videos of Mr. Nilesh Nair? I would love to hear him speak. There must be about 100s of people interested to hear from him speak about his company's part in the URO Foundation.

I'm sure he would be able to grace his loyal investors some face time, even just a teeny weeny bit.

Don't forget your not investing in his company so your not his investor.  You are speculating in a currency that he has made an agreement to trade for....big difference