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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
#Nuro Mobile wallet: https://play.google.com/store/apps/details?id=io.uro.nurolegacy

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Author Topic: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea  (Read 226226 times)
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July 19, 2014, 01:24:40 AM
 #901

(Interesting Read, clears up some of the questions) BITCOINIST.NET
Mr Armaan Chandnani Interview with Urocoin Dev. Team 28JULY2014

Interview with URO Developers

1. What was the reason for creating a currency based on urea in the first place?
A: the Urea industry is facing increasing inefficiencies with the trading process, particularly in the time and effort required to organize all the financial instruments traditionally used. We saw a way to improve upon the status quo via decentralized payment technology. On the other hand, since we are making a currency, we also wanted to make one that has a more a stable and intrinsic value over the longer term (5 years+) than the existing variants on the market. Recently, our theories on Urocoin have been validated in a University research paper:
http://t.co/W4e62gaRY7

http://bitcoinist.net/interview-with-uro-developers/


THIS IS A POLITICIAN'S ANSWER WHICH VERIFIES EVERYTHING I'VE EXTRAPOLATED WITHOUT CLEARLY STATING ANYTHING. I'm the translator here.
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July 19, 2014, 01:25:23 AM
 #902

I expect URO to level off at .0008~.001

I expect it to level off about 0.3 - 0.35

I offer the exact same amount of reasoning that you offer.

 Grin Grin Grin Grin Grin Grin
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July 19, 2014, 01:35:04 AM
 #903

I expect URO to level off at .0008~.001

I expect it to level off about 0.3 - 0.35

I offer the exact same amount of reasoning that you offer.

 Grin Grin Grin Grin Grin Grin

Ok maybe that was low.. more like 0.002-0.0025 that will be a good place to buy in. and then liftoff to 0.3-0.35

I can definitely see the coinmarket cap going down to 750,000 before anything happens
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July 19, 2014, 01:41:22 AM
 #904

I expect URO to level off at .0008~.001

I expect it to level off about 0.3 - 0.35

I offer the exact same amount of reasoning that you offer.

 Grin Grin Grin Grin Grin Grin

Ok maybe that was low.. more like 0.002-0.0025 that will be a good place to buy in. and then liftoff to 0.3-0.35

The lower price is good for a short while if it gets more small investors involved and they end up making big gains. i hate to see corporate greed and exploitation succeed. the big buys are all in the 6-8 btc range, about 4k-5k usd at a time and i now suspect stacked to discreetly build a 12500k order wallet.
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July 19, 2014, 01:42:39 AM
 #905

I expect URO to level off at .0008~.001

I expect it to level off about 0.3 - 0.35

I offer the exact same amount of reasoning that you offer.

 Grin Grin Grin Grin Grin Grin

Ok maybe that was low.. more like 0.002-0.0025 that will be a good place to buy in. and then liftoff to 0.3-0.35

The lower price is good for a short while if it gets more small investors involved and they end up making big gains. i hate to see corporate greed and exploitation succeed. the big buys are all in the 6-8 btc range, about 4k-5k usd at a time and i now suspect stacked to discreetly build a 12500k order wallet.
If it's a bot then we can look for the pattern to start and raise our prices accordingly, true?
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July 19, 2014, 01:51:15 AM
 #906

I expect URO to level off at .0008~.001

I expect it to level off about 0.3 - 0.35

I offer the exact same amount of reasoning that you offer.

 Grin Grin Grin Grin Grin Grin

Ok maybe that was low.. more like 0.002-0.0025 that will be a good place to buy in. and then liftoff to 0.3-0.35

The lower price is good for a short while if it gets more small investors involved and they end up making big gains. i hate to see corporate greed and exploitation succeed. the big buys are all in the 6-8 btc range, about 4k-5k usd at a time and i now suspect stacked to discreetly build a 12500k order wallet.

It won't be that low for long, but until corporations actually start buying and using URO the only incentive for new investors to enter the market will be a low price
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July 19, 2014, 01:52:08 AM
 #907

Something just crossed my mind. By cutting out the commodity exchanges URO gets rid of one important feature - the escrow service. I don't care how legit a company is but shit happens all the time even to the best of us. So, I wouldn't trust anyone with some $4M worth of my money until I can see the goods. That's why commodity exchanges operate first and foremost as escrow services. Is an escrow service for URO being planned?
blockcypher will allow multi sig wallet = escrow
But still there's a need for a trusted entity that would release the funds upon certifying the delivery of goods. I mean anything can happen like an earthquake or a civil war. In this case the seller wouldn't be able to deliver. It's even listed in the boilerplate contract attached to the URO Protocol. While a disaster is too bad for the seller, the buyer would probably want the money back. What guarantees he/she will have?
isnt this what multi signature would do? both parties agree, funds are put into an escrow address, then once they buyer agrees he got what was agreed on funds are released. ive never used multi sig so someone with actual knowledge please chime in, i imagine if you use multi sig and dont want to approve the transaction the original coin owner gets it back?
First of all, miltisignature means that it takes 2 or more digital signatures to release the funds. The funds aren't going to release themselves when the shipment arrives. It takes a 3rd party to certify the facts and relese the funds. Let's say I'm a buyer and I bought something from you. The way things are happening now I've already transferred URO to you (read URO Protocol). You ship it to me but I don't like it or you don't ship it to me. What contemporary court would even consider dealing with a URO-based contract? Now, when there's an escrow service it can see whether the product had been shipped or not. The blockchain won't do that. It takes a living (hopefully honest) human being to do that. That escrow agent would act as a judge of sorts. In real estate title companies take care of that, in CEX the exchange itself. Yet, the boilerplate attached to the URO protocol says "URO first, urea whenever". If this stuff it for real I'm thinking about providing such services... at least hypothetically.
thanks for looking into offering these kinds of services, the only addition thing i have to add which you'd have to verify with true-asset or the companies accepting uro is that i dont think you are forced to pay immediately. though i have no idea what the overall process involved is.

$MAID & $BTC other than that some short hodls and some long held garbage.
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July 19, 2014, 02:14:14 AM
 #908

Yes Interesting article by Chandnani  Smiley  However I would have liked to see future plans of Urocoin; Is there any news from GES to Push Urocoin into Pakistan and other countries that GES are already selling Urea to? Are other Indian Urea buyers taken up Urocoin for Urea? These are the real question that we need clear answers on.

In the interest of holding the Urocoin, most simplest and effective way to move the value of Urocoin up (as done on share market, everyday) The Majority shareholders, which is this group, lifts the price up.

Price Urocoin at 0.07-0.09  The importers will have no choice but buy at the set price, as they have limits with IPL in India, Deadline of when they need to supply UREA or they pay more bond fees (200-300K)


(Interesting Read, clears up some of the questions) BITCOINIST.NET
Mr Armaan Chandnani Interview with Urocoin Dev. Team 28JULY2014

Interview with URO Developers

1. What was the reason for creating a currency based on urea in the first place?
A: the Urea industry is facing increasing inefficiencies with the trading process, particularly in the time and effort required to organize all the financial instruments traditionally used. We saw a way to improve upon the status quo via decentralized payment technology. On the other hand, since we are making a currency, we also wanted to make one that has a more a stable and intrinsic value over the longer term (5 years+) than the existing variants on the market. Recently, our theories on Urocoin have been validated in a University research paper:
http:/[Suspicious link removed]/W4e62gaRY7

http://bitcoinist.net/interview-with-uro-developers/



Jaago Bharat....
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July 19, 2014, 02:35:18 AM
 #909

Interview with Uro developers @bitcoinist http://bitcoinist.net/interview-with-uro-developers/

good read +1

now get a interview here http://timesofindia.indiatimes.com/international-home  Smiley
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July 19, 2014, 04:52:04 AM
 #910

Just to counter the comment about my credibility regarding "harassing" Mr Irvine I'd like to point out not I only was I absolutely correct about that, but the mastercoin reflection document was built 100% on the points I'd made and two Journalists Bitcoin Pete, and Kashmir Hill of Forbes quoted me heavily in their articles to the effect that not everyone was duped by the bullshit. Kashmir Hill also approached me for an interview for that article but after she moved the dates of our skype chat 3 times I declined!
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July 19, 2014, 05:23:32 AM
 #911

I expect URO to level off at .0008~.001

I expect it to level off about 0.3 - 0.35

I offer the exact same amount of reasoning that you offer.

 Grin Grin Grin Grin Grin Grin

Ok maybe that was low.. more like 0.002-0.0025 that will be a good place to buy in. and then liftoff to 0.3-0.35

The lower price is good for a short while if it gets more small investors involved and they end up making big gains. i hate to see corporate greed and exploitation succeed. the big buys are all in the 6-8 btc range, about 4k-5k usd at a time and i now suspect stacked to discreetly build a 12500k order wallet.

It won't be that low for long, but until corporations actually start buying and using URO the only incentive for new investors to enter the market will be a low price

I think the buying has already begun. Volume is around 150-200 between the major exchanges. You have to keep in mind all the coins that are being generated by switch pools. After 3 months when the coin switches to a 1 coin per block reward much of that selling will dry up and it'll be left to the traders. The price will increase a good 10 fold from where it is now, so I predict .07 in September.

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July 19, 2014, 05:25:14 AM
 #912

uro for urea is a good concept but implementing such this is a hard challenge so that in order to make it popular some necessary steps should follow so that the basic things will be implemented.

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July 19, 2014, 05:38:22 AM
 #913

So seriously,  is the coin "dying"?
I mean this dump is going to last forever?  Or what is?

LISK
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July 19, 2014, 05:52:35 AM
 #914



Chang,
can you briefly tell me why URO wont work? And why are you persistently bashing it?

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July 19, 2014, 05:58:00 AM
 #915



Chang,
can you briefly tell me why URO wont work? And why are you persistently bashing it?

It won't work for a lot of reasons I haven't even bothered going into (I've just shown the people behind it aren't what they say they are). I'm persistently bashing it because it's like watching an entire forum of people fall for a Nigerian 419 scam simultaneously which has really grabbed my attention. If I knew when I set out to disprove this it would take so long I might not have bothered.

Go through my post history if you like.
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July 19, 2014, 07:57:52 AM
 #916

Some Facts: Smiley

Urocoin may hit very High this weekend, as Importers of Urea will be looking for Urocoins.

 "Indian Urea Suppliers are catching on to Urocoins". Singh, GES regional Director GES India

GES is moving very heavily into Pakistan and also overcoming the final hurdles with TCP (Pakistan Government Based Importers Urea)

https://twitter.com/GESystemsgroup/status/489587873629237249

Indian to rise Urea Prices from $320   (currently in India Urocoin is equal to $320, as per Indian Gov. IPL. Soon the it is to rise)

https://twitter.com/GESystemsgroup/status/489927117392453632

Jaago Bharat....
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July 19, 2014, 08:12:16 AM
 #917



now
I can see you're insulted by being called chinese. So you're a liar and a racist. Good to know!

now you are going too far again! why can't you guys just talk without insulting each other?
Is this your answer when you do not know what else to say? Then, just don't say it all.


I'm just pointing him out to be the shmuck he is. Everything this "chung ham" says is a lie. He wouldn't know the truth if it hit him in the face.

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July 19, 2014, 08:26:18 AM
 #918



I'm not playing your games. Prove to me you're not a liar.

you are such a baby! You do not bring anything worth talking about but just confronting Chung Hum and calling him names.

I'm not calling him anything. I'm branding him dishonest and pointing out his obvious hate issues.

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July 19, 2014, 09:38:31 AM
 #919

And another thing, how do we assume GES accepted "cheap" URO from RIVAA?

Is it not conceivable that they created a private transaction and RIVAA paid GES in BTC for some "cheap" URO that GES acquired from the various trading sites?

GES acquires URO from various trading houses.
RIVAA buys BTC to cover the true value of URO
GES transacts with RIVAA BTC for URO
RIVAA then pays for shipment with URO

That would get the ball rolling without asking the dumbass questions that always arise - Why is GES giving away 3 million dollars worth of fertilizer for $26,000? Mule Muffins, do you really think it went down like that?


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July 19, 2014, 09:57:12 AM
 #920

And another thing, how do we assume GES accepted "cheap" URO from RIVAA?

Is it not conceivable that they created a private transaction and RIVAA paid GES in BTC for some "cheap" URO that GES acquired from the various trading sites?

GES acquires URO from various trading houses.
RIVAA buys BTC to cover the true value of URO
GES transacts with RIVAA BTC for URO
RIVAA then pays for shipment with URO

That would get the ball rolling without asking the dumbass questions that always arise - Why is GES giving away 3 million dollars worth of fertilizer for $26,000? Mule Muffins, do you really think it went down like that?



Smartest thing i have read in this thread for a long time (please dont remove this post... am i allowed to agree? )
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