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Uro Videos: https://www.youtube.com/channel/UCAe9vivW1EO7FpHFQSxPIxg/videos
Uro in the Press: Coindesk: http://goo.gl/TpMPp0
http://cointelegraph.com/news/112355/over-the-next-5-years-the-demand-for-uro-will-far-outstrip-the-total-supply-bohan-huang-urocoin
http://www.coindesk.com/starcraft-urocoin-mining-pool-prohibition/
http://www.cryptoarticles.com/crypto-news/uro-interview-with-bohan-huang-32-questions-from-the-community
Wallets: Windows, Mac OS X and Linux (source code): https://github.com/uro-/uro/releases
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Author Topic: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea  (Read 225660 times)
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jasemoney
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July 21, 2014, 02:04:46 PM
 #1041

had fun reading http://www.cryptocoinsnews.com/news/urocoin-could-be-a-big-scam/2014/07/21  I dont feel liek creating an account there so ill just post my thoughts here.
So Rick Gillis had a short interview wiih Bohan, with a nice writeup of questions that had no new information then added a sensationalist heading based on his opinion, and wrote about his opinion based on his sleuthing for longer than the article.

"who Uro truly is before we can expose the scam."
-(proof of Ricks Motive)

"I did a little digging on who NIER is [] A company trading that much Urea wouldn’t exactly be trading under the radar, but I was unable to find anything related to that business ever existing."
-(Rick you realize NIER is an acronym for national import export representative, they are not personally linked but they fall under the category of " X company does business as a NIER"

"these four companies constitute a union named NIER who trades more than 2 million metric tons in three years. Two companies are not legal entities"
-(not a union just a title to associate with them, and just because you cant find internet information does not make them illegal entities?)

" in 1955, someone registered Indian Potash Limited. With it being such an old company, we might have a red herring in our midst, but the website we are examining might not be the real Indian Potash Limited’s company website."
-(I think Mike Geister answered this one in the comments below the article, anyone who thinks IPL may not be real is wearing a very large tinfoil hat)

"[] saying that they do not have any urea. Now, somehow they just sold 25,000 metric tons of urea."
-(these companies place an order with the manufacturer when someone orders form them, they do not stockpile urea they just source and then resell it. someone  had good information on this in the IRC, something like 2 business models, Dell distributes to end users worldwide, but Intel only sells to distributers.  In this case urea manufacturers are akin to Intel as you an end user can not just get urea from the urea plant)

"I couldn’t find any single transactions from July 10th for 25,000 Uro, as 1 Uro supposedly is equal to one metric ton of urea, I have to question the validity of this transaction."
-(We saw 2 transactions of 12500 in the richlist/transaction logs which have been loosely associated with Rivaa.  these addresses accumulated before the all time high and still exist untouched.  As it can take 30-60 days for shipments to happen my personal opinion is we will see these move to another address at that time)

"According to Bohan, corporations just instantly intend to accept Uro regardless of anything else. So, let’s research the price of one metric ton of this stuff."
-(they intend to accept it at face value whatever the current price is which would also be reflected in the price of 1 urocoin at that time on the market, if the market value of urea goes up, the market value of uro goes up maintain 1:1. of course we can see with the current price that there is low opinion this will all actually work out.  Its definitely a risky investment for an altcoin trader though its made enticing by the potential reward.  We know if it does work it'll go up to ~.5 at current bitcoin prices ive said before why not just throw in a few dollars and see what happens.  see the thread where someone asked how much people have made off of altcoin trading, in the first few responses some people were down 30-50% in the past 6 months, while someone turned $38 into 14 BTC.  this is all speculation at least we have a goal in mind here not based on technological gimics)

(these are my opinions based on everything i have read and heard about URO, DYOR when investing)

$MAID & $BTC other than that some short hodls and some long held garbage.
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July 21, 2014, 04:13:59 PM
 #1042

bohan zohan, you can only jump on the bandwage once before the reigns pull you off! Do we have community? Do we have the goods? Do we have the technology? Did you cut you're hair today? And so bla blah... Live up and stand up, no one needs the drool coming off their face and into the oblivion. No black hole fully exists.

So where is the development? Where is the strategy? The desire? Buy your cinnicoin proof of stake on a helpdesk, buy your doge for the dog, or buy your litecoin with no development, but here you must say is a product, an idea, a creation. Then we can further our business.

Holding about 10 BTC.
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July 21, 2014, 05:07:36 PM
 #1043

So guys should I invest in this coin? What are the long term plans for this coin.

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July 21, 2014, 05:10:43 PM
 #1044

So guys should I invest in this coin? What are the long term plans for this coin.

Absolutely not!

Can you explain why please?

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July 21, 2014, 05:47:40 PM
 #1045

Why you want an explanation? Sometimes a black hole is a black hole. Whip cream on a turd is still a turd with whip cream. Take the money and run Johnny!
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July 21, 2014, 05:57:16 PM
 #1046

So guys should I invest in this coin? What are the long term plans for this coin.

Absolutely not!

Can you explain why please?

Because Chang wants it all.

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July 21, 2014, 06:08:30 PM
 #1047

Why so much FUD?

I think URO is a real cryptocurrency que and has much value (minimum 0.01btc) but what I see is just dump. I do not understand why people try to destroy such a large project like this.

The only thing I can imagine is that they want to buy cheap, for when it raise.

Does anyone have any answers for me?






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July 21, 2014, 07:11:16 PM
 #1048

Some were questioning the existence of the CCL Pillay group but the most obvious answer is it is an parent company/tax ID for Grey Griffin shipping headed by Dr. Vinny Pillay who deals in medical supplies and....also commodities like Urea. And lo and behold he is listed as a partner for GES Commodities.

http://www.greygriffin.com

http://www.gescommodity.com/pages-L2/gessouthafrica.html

http://company.hellocompanies.com/english/1122/312466951/Grey-Griffin-Shipping-Solutions.html

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July 21, 2014, 08:35:58 PM
 #1049

Why so much FUD?

I think URO is a real cryptocurrency que and has much value (minimum 0.01btc) but what I see is just dump. I do not understand why people try to destroy such a large project like this.

The only thing I can imagine is that they want to buy cheap, for when it raise.

Does anyone have any answers for me?

hit the nail on the head, answered your own question.
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July 21, 2014, 09:51:39 PM
 #1050

Here's the basics of what you need to know at this point-

Indian Potash Limited is a real, long-standing organization in India that imports urea in very large quantities.  This is very easily verified with basic research.

Rivaa Exports is a real company, again easily verified with basic research.

Documents have been provided which show IPL contracted with Rivaa Exports for the delivery of 25,000 tonnes of urea. See the first post in this thread for links.

I suppose you can say these are fake, but again these are real companies on both side of the transaction, and they have been contacted and verified the transaction. Doubting that this transaction took place is now a little bit on the tin-foil hat side. You have to believe that real, well-known companies are in on this scam, which seems quite unlikely.

Rivaa Exports has also verified that they paid GES for the goods with Uro.  25,000 Uro for 25,000 tonnes of urea.

Again, to doubt this is to say that a well-known Indian company is in a scam to gain a few bitcoins. Quite unlikely.

This coin has been used as intended, and has been exchanged as promised, at a rate of 1 Uro for 1 tonne of urea.

These are all easily established and verified facts.

It's reasonable to have questions, but it's not reasonable to doubt the answers once they've been verified from multiple credible sources.




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July 21, 2014, 10:23:26 PM
 #1051

Here's the basics of what you need to know at this point-

Indian Potash Limited is a real, long-standing organization in India that imports urea in very large quantities.  This is very easily verified with basic research.

Rivaa Exports is a real company, again easily verified with basic research.

Documents have been provided which show IPL contracted with Rivaa Exports for the delivery of 25,000 tonnes of urea. See the first post in this thread for links.

I suppose you can say these are fake, but again these are real companies on both side of the transaction, and they have been contacted and verified the transaction. Doubting that this transaction took place is now a little bit on the tin-foil hat side. You have to believe that real, well-known companies are in on this scam, which seems quite unlikely.

Rivaa Exports has also verified that they paid GES for the goods with Uro.  25,000 Uro for 25,000 tonnes of urea.

Again, to doubt this is to say that a well-known Indian company is in a scam to gain a few bitcoins. Quite unlikely.

This coin has been used as intended, and has been exchanged as promised, at a rate of 1 Uro for 1 tonne of urea.

These are all easily established and verified facts.

It's reasonable to have questions, but it's not reasonable to doubt the answers once they've been verified from multiple credible sources.






Fully agree, but this doesn't help the coin tho.

Look at the top1 coin on bittrex, absolute shitcoin with 0 features and a 20 page bitcointalk forum thread with half of the comments being "when pos if over = to the moon".

I am all-in on URO and if it dies I am leaving the world of altcoins with no regrets.

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July 21, 2014, 10:26:05 PM
 #1052

the best part is when (if) it takes off Cheesy the daytraders yelling Zomfg #1 bittrex moon after pos lolz (people who sound lime me form time to time) these are not the people who will be bringing the price of uro up to 1:1.  they can ride the wave or get choke on its dust

$MAID & $BTC other than that some short hodls and some long held garbage.
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July 21, 2014, 10:28:37 PM
 #1053

the best part is when (if) it takes off Cheesy the daytraders yelling Zomfg #1 bittrex moon after pos lolz (people who sound lime me form time to time) these are not the people who will be bringing the price of uro up to 1:1.  they can ride the wave or get choke on its dust

Also the coins who promise anons 1 week after their launch but get dumped and die after 2 days.

Look at CNL, that was amazing.

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July 21, 2014, 10:46:34 PM
 #1054

i wonder if the fud factory is on the CNL thread or Sys thread...

$MAID & $BTC other than that some short hodls and some long held garbage.
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July 21, 2014, 10:47:15 PM
 #1055

i wonder if the fud factory is on the CNL thread or Sys thread...

Nope, it's our privilage.

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July 21, 2014, 11:00:19 PM
 #1056

Good to see such a big support for this coin.  Wink

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July 22, 2014, 12:11:38 AM
 #1057

I fully believe in how this coin can transform the cryptoworld. I'm buying up more as the price drops...

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July 22, 2014, 01:52:46 AM
 #1058

I fully believe in how this coin can transform the cryptoworld. I'm buying up more as the price drops...


I believe uro. great coins.

See the whale ate 13BTC yesterday

 Cool
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July 22, 2014, 02:04:37 AM
 #1059

With such a low price, it is time to load up more before some one eat your URO.
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July 22, 2014, 02:16:58 AM
 #1060

what is uro web ?? Cheesy
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