|
sdersdf2
|
 |
July 11, 2014, 02:25:13 PM |
|
Is it fully settled whether this is a scam or not, and if not, is there some definitive piece of evidence (besides the price chart) scheduled to come out that settles this question decisively (if so, when)?
|
|
|
|
|
|
bitcad4u
|
|
July 11, 2014, 02:25:41 PM |
|
Is there a copy of the contract for the Urea for URO transaction that was supposed to have taken place? Is the URO transfer recorded on the blockchain?
The contract itself in enforced by block chain.. this is what block chains are good for. The protocol provides the contract and the UREA dealers have signed it saying they will accept URO. Yes there is a 12,500 URO transfer within the block chain... go take a look back a few 100 posts.. |
|
|
|
|
|
poon4
|
|
July 11, 2014, 02:25:57 PM |
|
how to make 1 uro=1metrric
|
|
|
|
|
|
choppy123
|
|
July 11, 2014, 02:26:01 PM |
|
Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
The motivation is that now the seller has 12500 URO and can go out and acquire urea if and when he needs it from another seller. The market price of URO is irrelevant because the 12500 URO represents the urea. This is a huge benefit because it removes the price fluctuations of the urea market. The only reason URO price is low now is because many urea business people don't know about URO yet and add that to the constant morons fudding in here keeps the price low. I'm actually really liking the FUD because it's giving me more time to buy more URO. This will revolutionize commodity markets. I worked for 5 years in chemical distribution in Canada. |
|
|
|
|
Conurtrol
|
|
July 11, 2014, 02:27:02 PM |
|
Is there a copy of the contract for the Urea for URO transaction that was supposed to have taken place? Is the URO transfer recorded on the blockchain?
The contract itself in enforced by block chain.. this is what block chains are good for. The protocol provides the contract and the UREA dealers have signed it saying they will accept URO. Yes there is a 12,500 URO transfer within the block chain... go take a look back a few 100 posts.. So you are saying there is nothing in writing? |
|
|
|
|
|
davisgreen
|
|
July 11, 2014, 02:27:16 PM |
|
Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
Well u said u read everything..but I think u missed something very important. May I please suggest you to please read a bit more here http://urofoundation.wordpress.comAnd I hope u get most of ur answers. Welcome to uro |
|
|
|
|
bitcad4u
|
|
July 11, 2014, 02:28:15 PM |
|
Is it fully settled whether this is a scam or not, and if not, is there some definitive piece of evidence (besides the price chart) scheduled to come out that settles this question decisively (if so, when)?
No it is not settled because NO ONE can PROVIDE PROOF 100% that its a scam. Yet we have 100s of supporting documents proving it is not a scam. do your own research - I have done mine. |
|
|
|
|
|
studio1one
|
|
July 11, 2014, 02:28:21 PM |
|
Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
The motivation is that now the seller has 12500 URO and can go out and acquire urea if and when he needs it from another seller. The market price of URO is irrelevant because the 12500 URO represents the urea. This is a huge benefit because it removes the price fluctuations of the urea market. The only reason URO price is low now is because many urea business people don't know about URO yet and add that to the constant morons fudding in here keeps the price low. I'm actually really liking the FUD because it's giving me more time to buy more URO. This will revolutionize commodity markets. I worked for 5 years in chemical distribution in Canada. OK but a business needs to transfer their profits to fiat at some point. Businesses need cash to survive, employees need to be paid, rent needs to be paid, taxes need to be paid. If their profits are in URO and URO value is much lower than fiat value they are still losing money. |
| BINTEX | |
●
●
●
●
●
●
●
| | | |
●
●
●
●
●
●
●
| |
Powered by,
|
|
|
|
|
myxamop
|
|
July 11, 2014, 02:28:24 PM |
|
Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
The motivation is that now the seller has 12500 URO and can go out and acquire urea if and when he needs it from another seller. The market price of URO is irrelevant because the 12500 URO represents the urea. This is a huge benefit because it removes the price fluctuations of the urea market. The only reason URO price is low now is because many urea business people don't know about URO yet and add that to the constant morons fudding in here keeps the price low. I'm actually really liking the FUD because it's giving me more time to buy more URO. This will revolutionize commodity markets. I worked for 5 years in chemical distribution in Canada. +100 |
|
|
|
|
|
bitcad4u
|
|
July 11, 2014, 02:29:21 PM |
|
Is there a copy of the contract for the Urea for URO transaction that was supposed to have taken place? Is the URO transfer recorded on the blockchain?
The contract itself in enforced by block chain.. this is what block chains are good for. The protocol provides the contract and the UREA dealers have signed it saying they will accept URO. Yes there is a 12,500 URO transfer within the block chain... go take a look back a few 100 posts.. So you are saying there is nothing in writing? There is WRITING in a SIGNED document by the 4 Distributors of UREA stating they WILL accept URO for UREA. Go do your research. |
|
|
|
|
|
myxamop
|
|
July 11, 2014, 02:30:51 PM |
|
Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
The motivation is that now the seller has 12500 URO and can go out and acquire urea if and when he needs it from another seller. The market price of URO is irrelevant because the 12500 URO represents the urea. This is a huge benefit because it removes the price fluctuations of the urea market. The only reason URO price is low now is because many urea business people don't know about URO yet and add that to the constant morons fudding in here keeps the price low. I'm actually really liking the FUD because it's giving me more time to buy more URO. This will revolutionize commodity markets. I worked for 5 years in chemical distribution in Canada. OK but a business needs to transfer their profits to fiat at some point. Businesses need cash to survive, employees need to be paid, rent needs to be paid, taxes need to be paid. If their profits are in URO and URO value is much lower than fiat value they are still losing money. it's long term investment, sooner or later the price will be ~300 so they can put sell order |
|
|
|
|
|
bitcad4u
|
|
July 11, 2014, 02:31:17 PM |
|
Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
The motivation is that now the seller has 12500 URO and can go out and acquire urea if and when he needs it from another seller. The market price of URO is irrelevant because the 12500 URO represents the urea. This is a huge benefit because it removes the price fluctuations of the urea market. The only reason URO price is low now is because many urea business people don't know about URO yet and add that to the constant morons fudding in here keeps the price low. I'm actually really liking the FUD because it's giving me more time to buy more URO. This will revolutionize commodity markets. I worked for 5 years in chemical distribution in Canada. +100 +1000000 |
|
|
|
|
|
Conurtrol
|
|
July 11, 2014, 02:32:23 PM |
|
Is there a copy of the contract for the Urea for URO transaction that was supposed to have taken place? Is the URO transfer recorded on the blockchain?
The contract itself in enforced by block chain.. this is what block chains are good for. The protocol provides the contract and the UREA dealers have signed it saying they will accept URO. Yes there is a 12,500 URO transfer within the block chain... go take a look back a few 100 posts.. So you are saying there is nothing in writing? There is WRITING in a SIGNED document by the 4 Distributors of UREA stating they WILL accept URO for UREA. Go do your research. I am aware of the protocol. This is a business deal we are talking about between two companies. Are you saying the protocol makes contracts and receipts and all paperwork between business entities doing a business deal unnecessary? |
|
|
|
|
shanem
Legendary
 Offline
Activity: 1344
Merit: 1000
|
|
July 11, 2014, 02:32:55 PM |
|
Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
The motivation is that now the seller has 12500 URO and can go out and acquire urea if and when he needs it from another seller. The market price of URO is irrelevant because the 12500 URO represents the urea. This is a huge benefit because it removes the price fluctuations of the urea market. The only reason URO price is low now is because many urea business people don't know about URO yet and add that to the constant morons fudding in here keeps the price low. I'm actually really liking the FUD because it's giving me more time to buy more URO. This will revolutionize commodity markets. I worked for 5 years in chemical distribution in Canada. choppy123, i don't think uro will go to 0.05 today |
|
|
|
|
studio1one
|
|
July 11, 2014, 02:33:48 PM |
|
Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
The motivation is that now the seller has 12500 URO and can go out and acquire urea if and when he needs it from another seller. The market price of URO is irrelevant because the 12500 URO represents the urea. This is a huge benefit because it removes the price fluctuations of the urea market. The only reason URO price is low now is because many urea business people don't know about URO yet and add that to the constant morons fudding in here keeps the price low. I'm actually really liking the FUD because it's giving me more time to buy more URO. This will revolutionize commodity markets. I worked for 5 years in chemical distribution in Canada. OK but a business needs to transfer their profits to fiat at some point. Businesses need cash to survive, employees need to be paid, rent needs to be paid, taxes need to be paid. If their profits are in URO and URO value is much lower than fiat value they are still losing money. it's long term investment, sooner or later the price will be ~300 so they can put sell order OK I understand that but this brings me back to the argument of cashflow. Cashflow is the lifeblood of any business and the failure of many. I understand that if all goes well then the value of the coin moves towards the commodity but how long can a company wait with all their sales held in a crypto currency? and then by the time the currency moves to meet the value of the commodity, all these URO traders have huge stashes of URO that they need to dump on an exchange to realise fiat to be able to keep running. What happens to the value of URO then? And would large multinational companies really be happy with millions of USD in a mintpal account? |
| BINTEX | |
●
●
●
●
●
●
●
| | | |
●
●
●
●
●
●
●
| |
Powered by,
|
|
|
|
|
bitcad4u
|
|
July 11, 2014, 02:34:25 PM |
|
No - I am saying - the PAPER documents show the signatues that LEGALLY bind the 4 distributors to accept URO for their UREA. If you look up the 4 distributors, they are all LEGIT and still in business.
Do your own research... I would do it for it for you but then you would just claim I made the documents up... or photoshopped them... cause u know thats how people act here.
|
|
|
|
|
|
choppy123
|
|
July 11, 2014, 02:34:47 PM |
|
Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
Read Article 2.1 of the Uro protocol, it says they have to accept 12500 URO as a payment, regardless of the current market value. In total the industry supplies billions of $ in urea, so liquidity is not an issue. I've read it. My question is why would anyone selling it agree to sign it? Really simple, eventually the market price will grow to $300/URO. There will be no variance between the market prices, as it will be one market of URO. So long term it's the most cost effective for the farmers to do so. Little to no fees compared to bank transfers. Also, there are no fraud or risk involved when paying with URO, it's secured by the blockchain. You can think of URO as a token to exchange $ and urea at any time. exactly. URO implementation will stabilize markets. |
|
|
|
|
sandor111
|
|
July 11, 2014, 02:35:18 PM |
|
Ok so I have read everything, all the papers pictures etc. One thing I cannot reconcile, maybe someone could explain it to me.
Why would anyone, at present, accept URO for Urea? they would be receiving a huge amount less than if they accepted USD and would lose a vast sum of money on the deal.
I put myself in the seller position, someone comes up to me and says, here you go mate, please accept 12500 URO for this purchase of a shipment of Urea. I look at the price of URO and say 'you mad bro? give me 375K USD or get the fuck out of here.
What is the motivation for the seller to accept the URO on this deal?
Read Article 2.1 of the Uro protocol, it says they have to accept 12500 URO as a payment, regardless of the current market value. In total the industry supplies billions of $ in urea, so liquidity is not an issue. I've read it. My question is why would anyone selling it agree to sign it? Really simple, eventually the market price will grow to $300/URO. There will be no variance between the market prices, as it will be one market of URO. So long term it's the most cost effective for the farmers to do so. Little to no fees compared to bank transfers. Also, there are no fraud or risk involved when paying with URO, it's secured by the blockchain. You can think of URO as a token to exchange $ and urea at any time. Ok, I'm the seller I'm selling almost half a million USD worth of goods to you on the promise that at some point the market price will become that of URO, what if it doesn't? is there someone who will guarantee me recompense for my loss? what do I do about cashflow in the meantime while i wait for all these URO I have to accumulate in value? It has to accumulate that value over time, there is no other outcome long term. It's a free market, so eventually the price will adjust to the demand and supply to meet the actual price of urea. It's a self regulating system. |
|
|
|
|
|
|
Conurtrol
|
|
July 11, 2014, 02:36:53 PM |
|
No - I am saying - the PAPER documents show the signatues that LEGALLY bind the 4 distributors to accept URO for their UREA. If you look up the 4 distributors, they are all LEGIT and still in business.
Do your own research... I would do it for it for you but then you would just claim I made the documents up... or photoshopped them... cause u know thats how people act here.
You are not answering the question. Are there any documents that verify a business deal between the two companies for the sale of Urea for URO? Won't they need some type of documentation for tax purposes? What if the seller doesn't deliver? |
|
|
|
|
|
Poll
