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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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July 12, 2014, 02:30:05 AM
 #41

My post seems to have gone missing for some reason. Let's do it once more...

Not to troll or FUD, but why does a multi-million dollar corporate alliance need donors to come up with (relatively) puny 10BTC to expand their userfrendliness. I'm not a whale and I could only commit 2BTC to a proof of urea purchase and delivery. After all, when (if?) that irrefutable proof comes in I'll make much more on URO. Yet, even to me, 10BTC is not that much...
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July 12, 2014, 02:33:04 AM
 #42

I'm not a bird so I don't tweet. That's why I post here. I'll give 2 BTCs for a reasonable proof that Urea had been sold for URO 1 tonne to 1 URO and had been delivered.

You can't send a shipload over the net, sorry. it will be 30-70 days, depending on port of departure, port of receipt, customs clearance, and ground shipment before any verification will be available. In the meantime , please adopt a wait and see attitude. If you need instant gratification, I'm sure there's a McDonald's nearby. And just between you and me, I piss on your 2 BTC. If I had verification, I'd share it right now for free. And if I discovered it was a scam, I'd sell out and then broadcast it to the world. Your 1200 usd isn't going to change anyone's life, fool.
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July 12, 2014, 02:42:08 AM
 #43

I'm not a bird so I don't tweet. That's why I post here. I'll give 2 BTCs for a reasonable proof that Urea had been sold for URO 1 tonne to 1 URO and had been delivered.

You can't send a shipload over the net, sorry. it will be 30-70 days, depending on port of departure, port of receipt, customs clearance, and ground shipment before any verification will be available. In the meantime , please adopt a wait and see attitude. If you need instant gratification, I'm sure there's a McDonald's nearby. And just between you and me, I piss on your 2 BTC. If I had verification, I'd share it right now for free. And if I discovered it was a scam, I'd sell out and then broadcast it to the world. Your 1200 usd isn't going to change anyone's life, fool.

Then I'll wait for 30-70 days. I got time. When I need instant gratification I go to my big-boob next door neighbor. As for changing life... I might as well become the first one who delivers a bounty. It's not much, but it's symbolic. What do you have to deliver? In your reply you have quickly gone from reasoning to insults. First and foremost that means lack of confidence. I invest what I can loose. I only give what I don't mind giving. Yet, it's you who is freaking out for no reason whatsoever.
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July 12, 2014, 02:53:34 AM
 #44

Look here, I'll offer further clarification for those of you who just don't get it. The contract is for 12500 metric tonnes of urea. NOWHERE does it specify that that must be a single shipment. It could be broken up into 3,000 smaller loads. Fact is there may never be confirmation of a shipment. Knowing what I do about business in general, with my manufacturing experience, and what I have learned in college about HOW to conduct business, and my years in logistics, and retail, dealing with wholesalers, I feel confident in supporting this venture. If you require ironclad proof, you're not cut out for trading- it's gambling made legal, that's all. I am posting my opinion based on as much reason as I can muster. Take my advice or don't. Don't risk more than you can afford, that's all. If the coin went to 300 tomorrow, I'd make about 18k.
I play the game with what I can afford to lose, just like poker or the lottery. I'm in this one. If nobody else is, well then, fuck me and I'll live with it. If it does succeed, then maybe I'll get a little recognition which I can parlay into political support to make REAL change. That's my position.
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July 12, 2014, 02:59:56 AM
 #45

I am CEO of BlockCypher (Catheryne Nicholson). I am posting this as an official statement from our company:

We at BlockCypher have agreed to host the Urocoin block chain on BlockCypher's infrastructure. This allows the Uro Foundation to leverage BlockCypher's platform and APIs. In return, the Uro Foundation has agreed to compensate BlockCypher for the development and hosting cost for their block chain.

We understand startups have to fight uphill for an ideal they believe in. We also believe in the opportunity for digital coins to back commodities. In that spirit, we are helping the Uro Foundation with the platform piece. BlockCypher's infrastructure was designed to host a multitude of block chains. What we are helping Uro with aligns with our vision of a world with multiple digital coins.

BlockCypher holds itself to the highest standards of integrity and transparency. Should it come to our attention that illegal activity or trade, gross misrepresentation, or outright theft has occurred, BlockCypher reserves the right to take appropriate action.


Thanks for stopping by!  Smiley

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July 12, 2014, 03:00:24 AM
 #46

regarding alibaba:

most listing are not manufacturers but trade companies with small amount of employees your talking about. They are the middlemen in the export market, helping find buyers and negotiating terms with companies. Generally, you really have to weed through many listings to get to manufacturer source. Over the years though, manufacturers have increased presence on the trade websites like alibaba etc. Due to manufacturing constraints depending on industry, large minimum orders are standard for manufacturing b2b trade.

lived in china 3 years sourcing and exporting ceramic to ME/North Africa market. For ceramic manufacturers, min orders are for 3 Heavy Duty Containers each carrying approx 25tons of cargo. This represents the cost/efficiency of producing a specific item/order on a production line where costs increase by stopping the line for each new product/order (changing the paint screens/compression, setup etc). Each tile design is 3container min im saying.

12500 tons of urea seems alot, but as others have pointed out bulk freight (open ships) are used for many commodities including lumber etc. Also you have to suspect urea production is all demand market; you need to secure purchase orders to sustain manufacturing. Or Urea manufacturers will resort to production of ammonia based products if market price is too low (according to this study http://marketrealist.com/2013/12/2-key-things-set-floor-ceiling-urea-prices/  )

my project is to contact a friend in china to connect with commodity traders for information and financing
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July 12, 2014, 03:03:52 AM
 #47

I am CEO of BlockCypher (Catheryne Nicholson). I am posting this as an official statement from our company:

We at BlockCypher have agreed to host the Urocoin block chain on BlockCypher's infrastructure. This allows the Uro Foundation to leverage BlockCypher's platform and APIs. In return, the Uro Foundation has agreed to compensate BlockCypher for the development and hosting cost for their block chain.

We understand startups have to fight uphill for an ideal they believe in. We also believe in the opportunity for digital coins to back commodities. In that spirit, we are helping the Uro Foundation with the platform piece. BlockCypher's infrastructure was designed to host a multitude of block chains. What we are helping Uro with aligns with our vision of a world with multiple digital coins.

BlockCypher holds itself to the highest standards of integrity and transparency. Should it come to our attention that illegal activity or trade, gross misrepresentation, or outright theft has occurred, BlockCypher reserves the right to take appropriate action.


Thanks for stopping by!  Smiley


thanks for this
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July 12, 2014, 03:05:20 AM
 #48

regarding alibaba:

most listing are not manufacturers but trade companies with small amount of employees your talking about. They are the middlemen in the export market, helping find buyers and negotiating terms with companies. Generally, you really have to weed through many listings to get to manufacturer source. Over the years though, manufacturers have increased presence on the trade websites like alibaba etc. Due to manufacturing constraints depending on industry, large minimum orders are standard for manufacturing b2b trade.

lived in china 3 years sourcing and exporting ceramic to ME/North Africa market. For ceramic manufacturers, min orders are for 3 Heavy Duty Containers each carrying approx 25tons of cargo. This represents the cost/efficiency of producing a specific item/order on a production line where costs increase by stopping the line for each new product/order (changing the paint screens/compression, setup etc). Each tile design is 3container min im saying.

12500 tons of urea seems alot, but as others have pointed out bulk freight (open ships) are used for many commodities including lumber etc. Also you have to suspect urea production is all demand market; you need to secure purchase orders to sustain manufacturing. Or Urea manufacturers will resort to production of ammonia based products if market price is too low (according to this study http://marketrealist.com/2013/12/2-key-things-set-floor-ceiling-urea-prices/  )

my project is to contact a friend in china to connect with commodity traders for information and financing

+1 we need to here more from guys like you and foerester, people who actually have EXPERIENCE in this industry and can reflect on how URO can revolutionize b2b business, not to teenage kids who dump crypto for steam games or beer money.
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July 12, 2014, 03:05:28 AM
 #49

Oh, so you have learned all of this in COLLEGE?... That figures. You have just plagiarized my post right next to it. That's right about all that a COLLEGE can teach.

Look here, I'll offer further clarification for those of you who just don't get it. The contract is for 12500 metric tonnes of urea. NOWHERE does it specify that that must be a single shipment. It could be broken up into 3,000 smaller loads. Fact is there may never be confirmation of a shipment. Knowing what I do about business in general, with my manufacturing experience, and what I have learned in college about HOW to conduct business, and my years in logistics, and retail, dealing with wholesalers, I feel confident in supporting this venture. If you require ironclad proof, you're not cut out for trading- it's gambling made legal, that's all. I am posting my opinion based on as much reason as I can muster. Take my advice or don't. Don't risk more than you can afford, that's all. If the coin went to 300 tomorrow, I'd make about 18k.
I play the game with what I can afford to lose, just like poker or the lottery. I'm in this one. If nobody else is, well then, fuck me and I'll live with it. If it does succeed, then maybe I'll get a little recognition which I can parlay into political support to make REAL change. That's my position.
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July 12, 2014, 03:13:14 AM
 #50

Oh, so you have learned all of this in COLLEGE?... That figures. You have just plagiarized my post right next to it. That's right about all that a COLLEGE can teach.

Look here, I'll offer further clarification for those of you who just don't get it. The contract is for 12500 metric tonnes of urea. NOWHERE does it specify that that must be a single shipment. It could be broken up into 3,000 smaller loads. Fact is there may never be confirmation of a shipment. Knowing what I do about business in general, with my manufacturing experience, and what I have learned in college about HOW to conduct business, and my years in logistics, and retail, dealing with wholesalers, I feel confident in supporting this venture. If you require ironclad proof, you're not cut out for trading- it's gambling made legal, that's all. I am posting my opinion based on as much reason as I can muster. Take my advice or don't. Don't risk more than you can afford, that's all. If the coin went to 300 tomorrow, I'd make about 18k.
I play the game with what I can afford to lose, just like poker or the lottery. I'm in this one. If nobody else is, well then, fuck me and I'll live with it. If it does succeed, then maybe I'll get a little recognition which I can parlay into political support to make REAL change. That's my position.

I have 45 credits of business school from 1990. Along with 20+ years of real world experience. Feel free to debate with me friend. I learned how college works, I didn't blindly adopt the dogma. Try to fault my logic or overcome my critical thinking instead of making belittling  emotional appeals designed to draw an angry response.
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July 12, 2014, 03:15:11 AM
 #51

My post seems to have gone missing for some reason. Let's do it once more...

Not to troll or FUD, but why does a multi-million dollar corporate alliance need donors to come up with (relatively) puny 10BTC to expand their userfrendliness. I'm not a whale and I could only commit 2BTC to a proof of urea purchase and delivery. After all, when (if?) that irrefutable proof comes in I'll make much more on URO. Yet, even to me, 10BTC is not that much...

My train of logic is that even though the 4 companies are backing and supporting URO. They cannot be seen as directly funding it. It is in everyone's interest that URO remains an independent community that is not directly funded by any third party but by the community and it's supporters. This would be very important to get other suppliers to sign on in the future.
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July 12, 2014, 03:17:54 AM
 #52

regarding alibaba:

most listing are not manufacturers but trade companies with small amount of employees your talking about. They are the middlemen in the export market, helping find buyers and negotiating terms with companies. Generally, you really have to weed through many listings to get to manufacturer source. Over the years though, manufacturers have increased presence on the trade websites like alibaba etc. Due to manufacturing constraints depending on industry, large minimum orders are standard for manufacturing b2b trade.

lived in china 3 years sourcing and exporting ceramic to ME/North Africa market. For ceramic manufacturers, min orders are for 3 Heavy Duty Containers each carrying approx 25tons of cargo. This represents the cost/efficiency of producing a specific item/order on a production line where costs increase by stopping the line for each new product/order (changing the paint screens/compression, setup etc). Each tile design is 3container min im saying.

12500 tons of urea seems alot, but as others have pointed out bulk freight (open ships) are used for many commodities including lumber etc. Also you have to suspect urea production is all demand market; you need to secure purchase orders to sustain manufacturing. Or Urea manufacturers will resort to production of ammonia based products if market price is too low (according to this study http://marketrealist.com/2013/12/2-key-things-set-floor-ceiling-urea-prices/  )

my project is to contact a friend in china to connect with commodity traders for information and financing



+1 we need to here more from guys like you and foerester, people who actually have EXPERIENCE in this industry and can reflect on how URO can revolutionize b2b business, not to teenage kids who dump crypto for steam games or beer money.

EXACTLY!! That is most of the industry, and the 12500 tonnes is necessary to get the price that their commission is based upon, leaving a sufficient profit for the firm. That's how capitalism works, you make a deal that gives profits for everyone involved.
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July 12, 2014, 03:18:37 AM
 #53

I am CEO of BlockCypher (Catheryne Nicholson). I am posting this as an official statement from our company:

We at BlockCypher have agreed to host the Urocoin block chain on BlockCypher's infrastructure. This allows the Uro Foundation to leverage BlockCypher's platform and APIs. In return, the Uro Foundation has agreed to compensate BlockCypher for the development and hosting cost for their block chain.

We understand startups have to fight uphill for an ideal they believe in. We also believe in the opportunity for digital coins to back commodities. In that spirit, we are helping the Uro Foundation with the platform piece. BlockCypher's infrastructure was designed to host a multitude of block chains. What we are helping Uro with aligns with our vision of a world with multiple digital coins.

BlockCypher holds itself to the highest standards of integrity and transparency. Should it come to our attention that illegal activity or trade, gross misrepresentation, or outright theft has occurred, BlockCypher reserves the right to take appropriate action.



This is great! Thx for your support.
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July 12, 2014, 03:23:24 AM
 #54

I am CEO of BlockCypher (Catheryne Nicholson). I am posting this as an official statement from our company:

We at BlockCypher have agreed to host the Urocoin block chain on BlockCypher's infrastructure. This allows the Uro Foundation to leverage BlockCypher's platform and APIs. In return, the Uro Foundation has agreed to compensate BlockCypher for the development and hosting cost for their block chain.

We understand startups have to fight uphill for an ideal they believe in. We also believe in the opportunity for digital coins to back commodities. In that spirit, we are helping the Uro Foundation with the platform piece. BlockCypher's infrastructure was designed to host a multitude of block chains. What we are helping Uro with aligns with our vision of a world with multiple digital coins.

BlockCypher holds itself to the highest standards of integrity and transparency. Should it come to our attention that illegal activity or trade, gross misrepresentation, or outright theft has occurred, BlockCypher reserves the right to take appropriate action.


I think many are unaware of what this deal truly means and its significance Uro.
Essentially, this provides a cloud-based platform that ensures easy scalability of Uro-related infrastructures - from payments systema and online wallets to exchanges and other block chain applications. Blockcypher's multisig API also provides a greater level of security for service providers and end users.



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hobopete
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July 12, 2014, 03:27:29 AM
 #55

My post seems to have gone missing for some reason. Let's do it once more...

Not to troll or FUD, but why does a multi-million dollar corporate alliance need donors to come up with (relatively) puny 10BTC to expand their userfrendliness. I'm not a whale and I could only commit 2BTC to a proof of urea purchase and delivery. After all, when (if?) that irrefutable proof comes in I'll make much more on URO. Yet, even to me, 10BTC is not that much...

My train of logic is that even though the 4 companies are backing and supporting URO. They cannot be seen as directly funding it. It is in everyone's interest that URO remains an independent community that is not directly funded by any third party but by the community and it's supporters. This would be very important to get other suppliers to sign on in the future.

We, the miners and the traders, are funding uro. the commodity backing is only to sustain confidence in the coin, that it will hold value in the future. If we, the traders, declare that it has value by not dumping for small gains, but investing carefully and recovering our initial investment by taking a small percentage of our early holdings as a gain in the short term, while holding the majority for the long term, the coin has real potential. if you sell 10% every time it doubles, you will create opportunity for new investors while recovering your initial investment. Then hold the rest and let it thrive. Pump and dump only works if you dump. It's the traders that do it, not the devs. The devs just take advantage of it. We're the real selfish scumbags, if you want honesty, which I'm sure you don't.
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July 12, 2014, 03:28:34 AM
 #56

You have made insults in your first reply to me before you had managed to bring in the reason. College or not - you suck Smiley

Oh, so you have learned all of this in COLLEGE?... That figures. You have just plagiarized my post right next to it. That's right about all that a COLLEGE can teach.

Look here, I'll offer further clarification for those of you who just don't get it. The contract is for 12500 metric tonnes of urea. NOWHERE does it specify that that must be a single shipment. It could be broken up into 3,000 smaller loads. Fact is there may never be confirmation of a shipment. Knowing what I do about business in general, with my manufacturing experience, and what I have learned in college about HOW to conduct business, and my years in logistics, and retail, dealing with wholesalers, I feel confident in supporting this venture. If you require ironclad proof, you're not cut out for trading- it's gambling made legal, that's all. I am posting my opinion based on as much reason as I can muster. Take my advice or don't. Don't risk more than you can afford, that's all. If the coin went to 300 tomorrow, I'd make about 18k.
I play the game with what I can afford to lose, just like poker or the lottery. I'm in this one. If nobody else is, well then, fuck me and I'll live with it. If it does succeed, then maybe I'll get a little recognition which I can parlay into political support to make REAL change. That's my position.

I have 45 credits of business school from 1990. Along with 20+ years of real world experience. Feel free to debate with me friend. I learned how college works, I didn't blindly adopt the dogma. Try to fault my logic or overcome my critical thinking instead of making belittling  emotional appeals designed to draw an angry response.

P.S.: Don't feed the trolls - optional. Don't troll a troll - required.
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July 12, 2014, 03:33:49 AM
 #57


the link in the last post of the previous thread is useless Smiley  it needs to be updated to this thread
https://bitcointalk.org/index.php?topic=600639.msg7796804#msg7796804

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July 12, 2014, 03:37:51 AM
 #58

@hobopete, @Cryptourologist , kiss and make up already, will ya guys?
You two are clearly very intelligent and experienced guys, so let's do away with any unpleasantness.
For now, let's take a deep breath and laugh at Brazil: http://imgur.com/fUostqs


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Token sale: MAY 21

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hobopete
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July 12, 2014, 03:39:43 AM
 #59

You have made insults in your first reply to me before you had managed to bring in the reason. College or not - you suck Smiley

Oh, so you have learned all of this in COLLEGE?... That figures. You have just plagiarized my post right next to it. That's right about all that a COLLEGE can teach.

Look here, I'll offer further clarification for those of you who just don't get it. The contract is for 12500 metric tonnes of urea. NOWHERE does it specify that that must be a single shipment. It could be broken up into 3,000 smaller loads. Fact is there may never be confirmation of a shipment. Knowing what I do about business in general, with my manufacturing experience, and what I have learned in college about HOW to conduct business, and my years in logistics, and retail, dealing with wholesalers, I feel confident in supporting this venture. If you require ironclad proof, you're not cut out for trading- it's gambling made legal, that's all. I am posting my opinion based on as much reason as I can muster. Take my advice or don't. Don't risk more than you can afford, that's all. If the coin went to 300 tomorrow, I'd make about 18k.
I play the game with what I can afford to lose, just like poker or the lottery. I'm in this one. If nobody else is, well then, fuck me and I'll live with it. If it does succeed, then maybe I'll get a little recognition which I can parlay into political support to make REAL change. That's my position.

I have 45 credits of business school from 1990. Along with 20+ years of real world experience. Feel free to debate with me friend. I learned how college works, I didn't blindly adopt the dogma. Try to fault my logic or overcome my critical thinking instead of making belittling  emotional appeals designed to draw an angry response.

P.S.: Don't feed the trolls - optional. Don't troll a troll - required.

I think it's quite clear who the aggressor is here.. Anyway, I've said what I had to say, so I'm silent now. I'm done.
louiedave
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July 12, 2014, 03:47:58 AM
 #60

FAQ - Frequently Asked Questions
Is URO coin a scam?
You have to come to your own conclusion here but when do you see scammer show his real identity and fight for his coin with a passion https://www.youtube.com/watch?v=HsHF0C_gPck, and don't forget this coin had no ipo, no premine, just an active competent dev.

What is URO coin?
Uro is the first cryptocurrency that is backed by a physical commodity Urea (revolutionary), first company to provide this service is GES currently where 1 Tonne of Urea will be exchanged for 1 URO, soon other companies will join in the revolution, its essentially like a bond.

Why use URO coin when we could use bitcoins?

Urea's price is volatile and depends on many factors and so is bitcoin, you cannot peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.

Why not use coloured coins?
URO is getting many new features, including a live urea exchange market for urea trading, mobile app, and many more features where having your own coin makes this easier to implement


Why would these companies give you $300 worth of Urea for $6?
The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take much btc, and will happen as soon as news of URO coin spreads to importers/exporters

Why would the first company take such a big risk???

The main reason Uro coin is undervalued right now is due to the uncertainty of the product being delivered, only GES knows if they are going to deliver on this order, however when they do, the value of URO coin will become tied Urea, so essentially the risk for the company is zero, because if they deliver the coin goes up in value maybe not instantly but it will go up.

The community will pool resources together to call up all importers/exporters on URO coin and advice them on the advantages of using URO coin, and show them how to buy it from the exchanges, this will eat up the sell orders and spread the coin to the people who are going to use it.


URO can never be tied to value of Urea, people will just crash the market
If dumpers dump the coin as we reach higher values, the market will not crash into nothing, as the coin will always be backed by a physical commodity so the dumpers would have to be stupid to dump below Urea price when 1 Uro = 1 tonne of urea, and the other traders will simply accumulate the coins at the discounted prices, bare in mind, the coin brings a lot of advantage so it might trade above value.

A better analogy for people who still don't understand, imagine if Bob sells 1Kg gold bar tokens/vouchers on an open market worth $10,000 for $5,000 minimum, originally people would be skeptic, but as soon as one person confirms that the token can indeed be exchanged for gold bars, people will rush in to buy the discounted token even if its just 5% cheaper,  so that there is no more left, that's power of something being backed by commodity, which is why most banks used to gold to back the paper notes originally.

The minimum size order for buy urea is 12,500 tonnes why?

These are large companies that deal with big orders, they probably don't want to deal with small orders, however when this coin becomes more mainstream, I am sure resellers or other companies will allow for smaller orders.


What are the advantages to using URO coin?
Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea

Whats planned next?
New logo - thread link
Currently the dev is working on bringing us the mobile wallet - picture , Please donate here https://blockchain.info/address/15qx9ug952GWGTNn7Uiv6vode4RcGrRemh so that we can reach the 10 btc needed.

Current articles on URO
Coinsource

Current FUD attempts

Dev is associated Asiacoin scam?
Dev promoted the revived Asiacoin which is not a scam, however it would not have been his fault had he promoted the original asiacoin, we are all only human and cannot predict the future.


Dev is not same person as the one in the pictures
The picture altcoinherald posted makes it looks like its different due to the lightning, however if you look at other pictures, you will see that he is the same person


Finally, my questions are being answered... thankx nish2011...

URO: URrAVxfe1eFGRQhBadEPQZ5VaN35pQv6G4
BTC: 1J4gUNxbL9i4sp4z8aTGboNy3Y7W2C9PPF
WHIRL: FqNGwvU1bK5LrDcPvXpL4PiNvrCVvNZLTH
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