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Question: Do you like the new Uro logo?
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Author Topic: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer  (Read 232181 times)
Liquid71
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June 17, 2014, 04:47:11 PM
 #801


i am curious as to the potential for manufacturers to hoard URO.

if someone were to buy 1,000,000 tonnes of urea with URO,
is there a mechanism to reintroduce URO back into the marketplace?

one case could be manufacturers selling URO at higher than market prices for urea.

It has a short shelf life.

hoard URO
not
hoard urea

It's possible I am answering my own earlier question, but if you have a hoard of URO, AND a hoard of urea, you want to get the urea sold as fast as you can as long as natural gas or coal prices are low enough for you to make more of it. You probably also want to sell the URO for cash as fast as you can before the market crashes so you can buy more long-term natural gas contracts and some private jets and go for tropical cruises because you just took a lot of speculator's money.

The problem is when there's more URO in circulation than there is urea. If farmers try to trade URO for Urea and the warehouse or production plant has run out, either because there's no obvious way to do basis in URO (right now), or because the plant shut down because their natural gas contracts were worth more than the urea (or URO).

The urea manufacturers (in theory) have an incentive to hoard enough URO to match what they can deliver physically, and this ends up being a way to get around all the regulatory capture required to have a commodities market on the board of trade. But it's a *physically centralized* market, with a couple of big fertilizer manufacturing plant owners that really control it, and the rest of us are depending on their good behavior. It's a lot like the case with Bitcoin and ghash.io.

The reason URO is probably better than bitcoin is you can't hide the location of a fertilizer plant or storage warehouse like you can obfuscate the owner of a bitcoin wallet, so there's an incentive to play fair, at least until the feedstock for your fertilizer plant runs out. (see http://petrodollar.org/ ) The problem here is that in the US, a couple of big fertilizer plants are owned by the Koch brothers, and they are experts at manipulating markets and buying public opinion, and also obfuscate how much oil and natural gas is actually economically recoverable.

Long story short, URO will be better than Bitcoin until the gas runs out. Then it collapses to zero overnight.

Meanwhile, I can always plant more http://blockscan.com/assetInfo.aspx?q=SOYBEANS and sell vegan soybean meal nitrogen fertilizer.

okay Harry Reid  Roll Eyes

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Liquid71
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June 17, 2014, 06:26:58 PM
 #802

There are way too many naive kids and guys so desperate to make a buck they will believe anything. A bunch of multinationals who sell to farmers are going to fork over hundreds of millions of dollars to make crypto miners and speculators rich.  Roll Eyes
I'd sell you a the Brooklyn bridge but one of you idiots would buy it and then I'd end up in prison for fraud. Shocked

True assets, you get an A for originality and effort on those dummy websites and fake companies

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June 17, 2014, 07:29:55 PM
 #803

There are way too many naive kids and guys so desperate to make a buck they will believe anything. A bunch of multinationals who sell to farmers are going to fork over hundreds of millions of dollars to make crypto miners and speculators rich.  Roll Eyes
I'd sell you a the Brooklyn bridge but one of you idiots would buy it and then I'd end up in prison for fraud. Shocked

True assets, you get an A for originality and effort on those dummy websites and fake companies

Just think about this for a minute though...

A couple of multinationals decide the cost-of-capital to make a bunch of cypto-miners and speculators rich is lower than the cost-of-capital they currently pay to make bankers, high-frequency traders, and the natural gas & oil industry rich?

I've heard some amusing stories about fertilizer plants getting scammed by oil/gas companies who sold them a gas field guaranteed to have 30 years of production left. It stopped after about 3.

It's a hell of a lot easier to get a loan to buy a ton of miners that will print the URO you need to build a new fertilizer plant than get some bankers to finance it.

That being said, if you realize at the end of the day fertilizer manufacturers are still going to get scammed when the natural gas runs out, it's a great investment until then.

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June 17, 2014, 07:38:00 PM
 #804


The reason URO is probably better than bitcoin is you can't hide the location of a fertilizer plant or storage warehouse like you can obfuscate the owner of a bitcoin wallet, so there's an incentive to play fair, at least until the feedstock for your fertilizer plant runs out. (see http://petrodollar.org/ ) The problem here is that in the US, a couple of big fertilizer plants are owned by the Koch brothers, and they are experts at manipulating markets and buying public opinion, and also obfuscate how much oil and natural gas is actually economically recoverable.

Long story short, URO will be better than Bitcoin until the gas runs out. Then it collapses to zero overnight.

Meanwhile, I can always plant more http://blockscan.com/assetInfo.aspx?q=SOYBEANS and sell vegan soybean meal nitrogen fertilizer.

okay Harry Reid  Roll Eyes

Okay invoking the Koch brothers was a stupid argument. I have to have at least 3 stupid ideas before anything makes sense. But don't you think that URO/Petrodollars/SOYBEANS would be a very interesting set of trading pairs on a distributed exchange?
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June 18, 2014, 12:34:33 AM
 #805


The reason URO is probably better than bitcoin is you can't hide the location of a fertilizer plant or storage warehouse like you can obfuscate the owner of a bitcoin wallet, so there's an incentive to play fair, at least until the feedstock for your fertilizer plant runs out. (see http://petrodollar.org/ ) The problem here is that in the US, a couple of big fertilizer plants are owned by the Koch brothers, and they are experts at manipulating markets and buying public opinion, and also obfuscate how much oil and natural gas is actually economically recoverable.

Long story short, URO will be better than Bitcoin until the gas runs out. Then it collapses to zero overnight.

Meanwhile, I can always plant more http://blockscan.com/assetInfo.aspx?q=SOYBEANS and sell vegan soybean meal nitrogen fertilizer.

okay Harry Reid  Roll Eyes

Okay invoking the Koch brothers was a stupid argument. I have to have at least 3 stupid ideas before anything makes sense. But don't you think that URO/Petrodollars/SOYBEANS would be a very interesting set of trading pairs on a distributed exchange?
Yes it would be very interesting. I just have very serious doubts this URO is legit. Somebody should try cashing in a Uro for a ton of Urea..I don't think you're going to get a ton of Urea for 50 cents. I'd love to be wrong, but my money says this is another pump and dump scam and I'm staying away.

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June 18, 2014, 12:52:29 AM
 #806


The reason URO is probably better than bitcoin is you can't hide the location of a fertilizer plant or storage warehouse like you can obfuscate the owner of a bitcoin wallet, so there's an incentive to play fair, at least until the feedstock for your fertilizer plant runs out. (see http://petrodollar.org/ ) The problem here is that in the US, a couple of big fertilizer plants are owned by the Koch brothers, and they are experts at manipulating markets and buying public opinion, and also obfuscate how much oil and natural gas is actually economically recoverable.

Long story short, URO will be better than Bitcoin until the gas runs out. Then it collapses to zero overnight.

Meanwhile, I can always plant more http://blockscan.com/assetInfo.aspx?q=SOYBEANS and sell vegan soybean meal nitrogen fertilizer.

okay Harry Reid  Roll Eyes

Okay invoking the Koch brothers was a stupid argument. I have to have at least 3 stupid ideas before anything makes sense. But don't you think that URO/Petrodollars/SOYBEANS would be a very interesting set of trading pairs on a distributed exchange?
Yes it would be very interesting. I just have very serious doubts this URO is legit. Somebody should try cashing in a Uro for a ton of Urea..I don't think you're going to get a ton of Urea for 50 cents. I'd love to be wrong, but my money says this is another pump and dump scam and I'm staying away.

I will call this bluff. Who's willing to sell me 12,500 Uro for SOYBEANS? I will have physical soybeans for delivery in a few months, and for 50 cents a ton, I can find some farmers to charter a ship, or just cut some existing fertilizer company in for half the load.
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June 18, 2014, 01:44:22 AM
 #807


if legit,
it wont take long for URO to spike in value.

bitcoin was once worth less than a cent.



YEEE F*#KIN HA BIG RED TEXT !!!           

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June 18, 2014, 03:29:14 AM
 #808


if legit,
it wont take long for URO to spike in value.

bitcoin was once worth less than a cent.


id say it would take 1 company to accept it and deliver FOB urea for uro to cement the price up to current urea prices. >300USD I think...
*edit price

$MAID & $BTC other than that some short hodls and some long held garbage.
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June 18, 2014, 03:29:23 PM
 #809

this coin is the biggest bullshit i saw this week

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June 18, 2014, 04:12:46 PM
 #810

What's the dev have to lose? The amount of time invested already, plus the fact that there is a chance this is possible lead me to believe a small investment is ok. For the people calling scam, ?WHO? is scamming you?   Please note DRK, Bitcoin, Litecoin were all called scams....

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June 18, 2014, 06:23:41 PM
 #811

I say let the people believe what they want. Could it still be a scam? Sure. They could believe it all they want. I'm not investing more then I'm willing to lose. Just like I hope everyone else is. I'm choosing to give this a chance because if this is true it could change crypto going foward and right now I think it needs that with the way its going. And if it is a scam oh well, would have been nice.
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June 19, 2014, 12:54:27 AM
 #812

        
         https://coinking.io
  
         UroCoin: stratum+tcp://us1.coinking.io:6686
         x11 Multipool: stratum+tcp://us1.coinking.io:6666
  
        
  
        
 
        
        
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June 19, 2014, 03:26:03 AM
 #813

I have 145 uro someone make me a offer Cool

sell it on bittrex.com   

"Together we stand for a fairness and truth"
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June 19, 2014, 03:28:01 AM
 #814

        
         https://coinking.io
  
         UroCoin: stratum+tcp://us1.coinking.io:6686
         x11 Multipool: stratum+tcp://us1.coinking.io:6666
  
        
  
        
 
        
        
         About COINKING.io
         50+ Coins
         1% Pool Fee
         Custom Coded from the ground up for scalability
         Scrypt, Scrypt-N, X11, X13, SHA256, Quark Support
         Multipools for Scrypt, Scrypt-N, X11, X13, SHA256
         American, European, and Asian stratum servers
         Auto-Convert block rewards to BTC/DOGE/LTC/FLT/WC/VTC/CINNI/WEST/PC/DRK/MAST/CRY/BOST/DIS
         Proprietary Profit Analysis Algorithm
         Dedicated (Single Coin) Mining Ports for every coin
         Email and SMS Alerts for everything!
         SMS (Text Message) Two Factor Auth
         DDoS Protection
         Automated configuration builder for all coins/algorithms.
         Refer other miners and earn 1% on all referrals with our innovative referral system
        
         Support
         URL: https://coinking.io
         Email: admin@coinking.io
         IRC: irc.freenode.net #coinking
        
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OK than - now we talking  Cool

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June 19, 2014, 03:43:59 AM
 #815

URO up 55% ...........

"Together we stand for a fairness and truth"
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June 19, 2014, 03:49:37 AM
 #816

i want the urea! i will be selling all my coins for urea on july 9th. prepare.
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June 19, 2014, 03:56:33 AM
 #817

9th july



=




YEEE F*#KIN HA BIG RED TEXT !!!           

(\__/)    
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June 19, 2014, 04:03:35 AM
 #818

http://i.imgur.com/iaGmm2Q.png

Royal Miners
www.royalminers.com

Royal Miners is now mining UroCoin.  Royal Miners was created by mining enthusiasts for mining enthusiasts.  No registration required, simply mine with your wallet address as your username, and anything as a password.

Code:
stratum+tcp://s.royalminers.com:3008 -u YourUROaddress -p x

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June 19, 2014, 05:46:59 AM
 #819

There are way too many naive kids and guys so desperate to make a buck they will believe anything. A bunch of multinationals who sell to farmers are going to fork over hundreds of millions of dollars to make crypto miners and speculators rich.  Roll Eyes
I'd sell you a the Brooklyn bridge but one of you idiots would buy it and then I'd end up in prison for fraud. Shocked

True assets, you get an A for originality and effort on those dummy websites and fake companies

These companies have been around for awhile. Investigate,  you'll find they are legit.

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June 19, 2014, 06:15:15 AM
 #820

Hello Gentlemen. I am a user portal where you can buy a paid job.
What do you think about a paid job to vote for mintpal? From my calculations show that the 2500 - 3500 votes we can get the price of 0.8 -1 BTC month. They are willing to help raise donations for the tasks?


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