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

[bitcoinwonders010]

The naysayers here are amusing. If only those inquisitive detailed questions are applied to all crypto coins, the rate of scams would be low.

How about bitcoin, is it backed by anything? Is it not as worthless as any coins except for the belief by many that bitcoin is worth something in fiat money or its potential in the future? How about the hundreds of altcoins you own, are they backed by any physical asset? Are they used by a large enough people outside of the mining community? Or are they worth something because of a promise that they will have anon that, security that, future that? So some altcoins are worth several dollars because of a promise without actual useful use in the real world?

Now compare what you have to urocoin and analyze again.

Urocoin: a promise of being used to buy/sell Urea, with claims of having conducted such a trade that cannot currently be verified. I would like to see a real news source with pictures and documents go and take pictures and do an interview with the parties involved here. Until that happens, I suggest extreme caution. I "invested" nearly $5 into URO recently, if that's any help. Hahahaha.... Don't come crying to me when URO ends up being similar to GTC.

Don't worry, my speculation is my speculation, win or lose, it's my responsibility. Of course any investment or speculation require extreme study, caution and risk, just like in life. If today was was just the starting month or year of bitcoin,  every naysayer will say the same thing. But now you and thousands of cryptocoin traders and miners are using bitcoin as your reference currency. How is that different from urocoin's start? Yes, urocoin could be a scam, as it was a possible conjecture for bitcoin back then. Common folks like us don't have much connections and resources to verify the first sale of urea using urocoin. I guess we will just have to wait if uro is for real or not.

Any investment or speculation one makes is his responsibility.

people who think URO is a scam are just fudders ignore them, the reason why bitcoin is at its current price today its because peopl use it too pay for stuff. at the moment, people have been given a option to pay for urea with URO. this does not mean people will use it. its up to dev and how he promotes it

[AbiusGMIU]

Warning to everyone before feeding your BTC to this  scam

Have they not published the information from their deal or has the dev been too "busy" coding something.

[bitcoinwonders010]

Everyone: Remember never to FUD on other communities and projects. They do not deserve to be attacked in the same cowardly ways the we have been and most likely continued to be.

dev can you tell us the value of the transaction

[bitcoinwonders010]

im repeatedly asking the dev to tell us the value of the deal, but he does not, why?

[davisgreen]

Well peiple were screaming scam n fudding uro all the while..even when the price was 0.0005 and I was accumulating.
Trolls will do this for ever. You cant stop them.
Dont feed the trolls.
The meteoric rise of uro in just 2 weeks is proof enough that its legit n will survive ny fud people create to get cheap uro.

Kudos to true-asset n rest of the early supporters who stood tall infront of all the fudsters.

[mistersushi]

KryptoSenseiMaster, you're such a liar you had to create a new account just to LIE, otherwise you'd destroy whatever credibility your main account may hold.  

[true-asset]

Everyone: remember to be nice to the broader community and be extra friendly with other Tier 1 coins - we need their support to go further. There are many Tier 1 coins that are innovating excellent technology that we can incorporate into Uro in the future. Its in our interest to make sure other Tier 1 altcoins survive.

Embrace the warm karma around you.

[yourstruly]

This community is so much more gullible than I thought.

[davisgreen]

im repeatedly asking the dev to tell us the value of the deal, but he does not, why?

Well no company is obligated to disclose their balance sheet to speculators.

Its their choice if they want to then they will tell u wht the deal is worth

[bitcoinwonders010]

i wouldn't be surprised if URO falls below 0.01. dev needs to work on getting other people to accept it, without that, the rise is not sustainable, be careful don't fall for the hype. early buyers have done well

Missed out on the URO train? still not too late

not really i told you i just sold, people are misunderstanding the news, have dev tell us the value of the transaction, why ignore my posts

[trogdorjw73]

There are some seriously scared or envious people posting here all of a sudden

The price is still very low.

Low compared to what? BTC? This whole thing reeks of scam, and it's right in the subject line of every post.

A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer

The only way 1 URO = 1 MT of Urea is if 1 URO = ~$300. Why would you create a coin that people are mining where it costs about $2 in electricity at the current rates to generate 1 URO? Again, I refer back to Guarantcoin (GTC), where 1 GTC was going to be worth some small amount of actual gold. Supposedly someone had kilograms of gold ready to back the coin... except they didn't and then the coin fizzled. Isn't that strange? I mean, backing a coin with gold would be awesome (Cryptonomicon shout out)! But it doesn't really work when people are generating the coins for essentially free.

If you want to tie a coin to a commodity, you're going to have to do a 100% premine first. Then and only then can you control the price, supply, etc. If they were to create 1 million (or 10 million) URO and declare each was worth 1 MT of Urea, and the only way to buy URO would be to pay the $300 going rate of Urea, maybe -- MAYBE -- it would work. Except no one would be willing to pay that much for a coin unless there was some way to prove it was worth 1 MT of Urea, and so it still fails.

Also: why does anyone involved with the distribution and sale of Urea want to conduct transactions with any cryptocurrency rather than, say, USD? Because it's unjust the way the price fluctuates? Hardly. The problem is supply and demand. If an area wants 20 MT of Urea and only 10 MT is shipped to them, the price will increase. If another area has 50 MT of Urea but only needs 20 MT, the price will drop. The real cost in all of this is the distribution of Urea. It's trivially easy to digitally transfer 1 URO (or 1 BTC or whatever) to another person. Now even supposing they have 1 MT of Urea available, getting it to you is another matter entirely.

Have some popcorn, watch the collapse of the URO scam, and then subscribe to my newsletter and ask me what I think of a coin before investing money into it next time. Then you'll save a lot of heartache at least. Of course, most of the time the advice is simple: don't invest more than you can lose, and don't believe the hype. And stay away from IPOs and premines and things that are "too good to be true", like URO.

[true-asset]

im repeatedly asking the dev to tell us the value of the deal, but he does not, why?

Because I am not involved in the deal. The deal was paid with Uro, that is all. GES will most likely release information about the deal once they have finished their paperwork.

[bitcoinwonders010]

im repeatedly asking the dev to tell us the value of the deal, but he does not, why?

Well no company is obligated to disclose their balance sheet to speculators.

Its their choice if they want to then they will tell u wht the deal is worth

are you high, a company which seeks investors, is obligated to tell us, we create value for the coin. its our money. ofcourse dev hard work is involved but if we didn't buy, it would not be worth much

[mistersushi]

im repeatedly asking the dev to tell us the value of the deal, but he does not, why?

Maybe he's too busy to answer questions that have already been answered multiple times?

The deal is for 12500 metric tons of urea fertilizer, worth about $300/ mt ~= $3,750,000

[bitcoinwonders010]

im repeatedly asking the dev to tell us the value of the deal, but he does not, why?

Because I am not involved in the deal. The deal was paid with Uro, that is all. GES will most likely release information about the deal once they have finished their paperwork.

so who is, im failing to understand how you would not know. your team bought urea paid by uro, why would ges need to release anything

[bitcoinwonders010]

im repeatedly asking the dev to tell us the value of the deal, but he does not, why?

Maybe he's too busy to answer questions that have already been answered multiple times?

The deal is for 12500 metric tons of urea fertilizer, worth about $300/ mt ~= $3,750,000

please explain to me how has dev paid $3.750.000 when 12500 at current prices is only $229,000

[cyberhacker]

What train Nigerian 419 in Uro style? You do realise the contract they produce is fake , the errors in it have been pointed in previous post. Also furthermore Green Earth system have never heard or had any contact with URO coin team. You want newbies to buy in this scam  

i wouldn't be surprised if URO falls below 0.01. dev needs to work on getting other people to accept it, without that, the rise is not sustainable, be careful don't fall for the hype. early buyers have done well

Missed out on the URO train? still not too late

Nigirian/indian/pak scam style.

100% sure!

[1 1 0 0 1 1 1 0 0 0 1]

Look at all the new trolls who showed up after the price skyrocketed.  I love it.  It's the only way these losers can get cheap coins.  URO is making history people.  

[mistersushi]

There are some seriously scared or envious people posting here all of a sudden

The price is still very low.

Low compared to what? BTC? This whole thing reeks of scam, and it's right in the subject line of every post.

A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer

The only way 1 URO = 1 MT of Urea is if 1 URO = ~$300. Why would you create a coin that people are mining where it costs about $2 in electricity at the current rates to generate 1 URO? Again, I refer back to Guarantcoin (GTC), where 1 GTC was going to be worth some small amount of actual gold. Supposedly someone had kilograms of gold ready to back the coin... except they didn't and then the coin fizzled. Isn't that strange? I mean, backing a coin with gold would be awesome (Cryptonomicon shout out)! But it doesn't really work when people are generating the coins for essentially free.

If you want to tie a coin to a commodity, you're going to have to do a 100% premine first. Then and only then can you control the price, supply, etc. If they were to create 1 million (or 10 million) URO and declare each was worth 1 MT of Urea, and the only way to buy URO would be to pay the $300 going rate of Urea, maybe -- MAYBE -- it would work. Except no one would be willing to pay that much for a coin unless there was some way to prove it was worth 1 MT of Urea, and so it still fails.

Also: why does anyone involved with the distribution and sale of Urea want to conduct transactions with any cryptocurrency rather than, say, USD? Because it's unjust the way the price fluctuates? Hardly. The problem is supply and demand. If an area wants 20 MT of Urea and only 10 MT is shipped to them, the price will increase. If another area has 50 MT of Urea but only needs 20 MT, the price will drop. The real cost in all of this is the distribution of Urea. It's trivially easy to digitally transfer 1 URO (or 1 BTC or whatever) to another person. Now even supposing they have 1 MT of Urea available, getting it to you is another matter entirely.

Have some popcorn, watch the collapse of the URO scam, and then subscribe to my newsletter and ask me what I think of a coin before investing money into it next time. Then you'll save a lot of heartache at least. Of course, most of the time the advice is simple: don't invest more than you can lose, and don't believe the hype. And stay away from IPOs and premines and things that are "too good to be true", like URO.

By your own estimation, Bitcoin is a big scam, better get out.  By the way, the US dollar is gigantic scam.  I'll pass on the newsletter, but thanks.

[stormia]

bitcoinwonders you just said you sold, we all know you are trying to get back in lower. please stop.

not really i told you i just sold