[Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea

[jasemoney]

I smell a pump on bittrex! Fasten your seat belts ladies and gentlemen!! 

the pump is due to them opening a whole new style exchange catering to developing countries to get btc for urocoins from local fiat..  (its a decent reason for a price rise or pump)

[TheInvisibleMan]

I've been watching the order book on bittrex while buying a little uro, and it looks like someone is trying to hold down the price. I saw a bunch of small amounts for sale so I just entered the highest price to buy them all at once,(just under 170k)  and a sell order for 3,331 uro  popped up and ate my lil bit of bitcoin. Then it disappeared and the price rapidly dropped again.
Is this normal?
If I'd had the cash, I'd have been happy to get 3k coins at a buck apiece!
Watching the order book since, it seems that everytime the price starts to rise it becomes a competition to sell for less..it's weird.
Any thoughts?

[corather]

I've been watching the order book on bittrex while buying a little uro, and it looks like someone is trying to hold down the price. I saw a bunch of small amounts for sale so I just entered the highest price to buy them all at once,(just under 170k)  and a sell order for 3,331 uro  popped up and ate my lil bit of bitcoin. Then it disappeared and the price rapidly dropped again.
Is this normal?
If I'd had the cash, I'd have been happy to get 3k coins at a buck apiece!
Watching the order book since, it seems that everytime the price starts to rise it becomes a competition to sell for less..it's weird.
Any thoughts?

It's the mining process and multipools. 3 Minute block time, 36 GH/s network power. The exchanges will get a constant supply of coins to dump. Not all miners dump, some hold, but the majority just dump to pay for their rigs, time and electricity. I only have about 7500 MH/s, and I'm holding like crazy, but I only average .6 URO a day at best and about .3 if I do the multipool thing if I want different coins which I do. Some of them I keep, some I have auto exchanged.

[TheInvisibleMan]

I've been watching the order book on bittrex while buying a little uro, and it looks like someone is trying to hold down the price. I saw a bunch of small amounts for sale so I just entered the highest price to buy them all at once,(just under 170k)  and a sell order for 3,331 uro  popped up and ate my lil bit of bitcoin. Then it disappeared and the price rapidly dropped again.
Is this normal?
If I'd had the cash, I'd have been happy to get 3k coins at a buck apiece!
Watching the order book since, it seems that everytime the price starts to rise it becomes a competition to sell for less..it's weird.
Any thoughts?

It's the mining process and multipools. 3 Minute block time, 36 GH/s network power. The exchanges will get a constant supply of coins to dump. Not all miners dump, some hold, but the majority just dump to pay for their rigs, time and electricity. I only have about 7500 MH/s, and I'm holding like crazy, but I only average .6 URO a day at best and about .3 if I do the multipool thing if I want different coins which I do. Some of them I keep, some I have auto exchanged.

I'm confused.. wouldn't the sellers want to get more and try to push the price up?
so why does the price come down when there are lots of buyers?

[corather]

I've been watching the order book on bittrex while buying a little uro, and it looks like someone is trying to hold down the price. I saw a bunch of small amounts for sale so I just entered the highest price to buy them all at once,(just under 170k)  and a sell order for 3,331 uro  popped up and ate my lil bit of bitcoin. Then it disappeared and the price rapidly dropped again.
Is this normal?
If I'd had the cash, I'd have been happy to get 3k coins at a buck apiece!
Watching the order book since, it seems that everytime the price starts to rise it becomes a competition to sell for less..it's weird.
Any thoughts?

It's the mining process and multipools. 3 Minute block time, 36 GH/s network power. The exchanges will get a constant supply of coins to dump. Not all miners dump, some hold, but the majority just dump to pay for their rigs, time and electricity. I only have about 7500 MH/s, and I'm holding like crazy, but I only average .6 URO a day at best and about .3 if I do the multipool thing if I want different coins which I do. Some of them I keep, some I have auto exchanged.

I'm confused.. wouldn't the sellers want to get more and try to push the price up?
so why does the price come down when there are lots of buyers?

It's several computers putting in sell orders. There's no thought involved, it's just an algo programmed to sell at buy price.

[corather]

So Chang got his reply from ASIC;

I deleted the names involved, as email labelled Treat as in Confidence 25/08...

I apologise for the delay in responding to you and appreciate your patience.

We are still making an assessment of the issues raised. As bitcoins and other cryptocurrency, including the Uro, is an unregulated area, ASIC does need to consider whether there is any conduct that falls within its jurisdiction, amongst many broader regulatory considerations as well.

The matter is currently with a colleague of mine,  who will be finalising this matter. We will notify you of the outcome of our assessment of this matter as soon as it is finalised.

Kind regards,
 | Analyst | Misconduct & Breach Reporting | Australian Securities and Investments Commission | Level 5, 100 Market Street Sydney NSW 2000 | ( 02 9911 5568 | 6 02 9911 2414 | 7 www.asic.gov.au

Translation: Don't call us, we'll call you.

har har.

[jasemoney]

My unofficial view of upcoming events and speculation:  In no particular order  
-Uroex: partnering with local banks in underbanked nations starting with Cambodia (Iran likely next) residence will be able to convert local fiat currency into BTC for conversion to URO (or just get BTC) Starts in less than 30 days
-Iran talks: went longer than expected, video to be made and released when footage has been made available.
-More 12500 Wallets: Expect to see more from Lakhani Enterprise as their commitment is 12 months of 12500 shipments monthly. Started August
-Its now known that once wholesalers wish to offer urea for uro they would join up and offer at a fixed rate 1.2x or 1.3x uro per ton urea. They would not be signing the protocol, but if they join they will be the people making smaller orders available to their regional areas of influence. (obviously they themselves couldn't buy urea with uro then pay for shipping and be expected to repackage and sell again for 1=1)
-Nuro wallet in late testing stages for adding LTC and BTC functionality. Nuro takes a username, password, and pin and hashes it into a brain wallet private key to sign transactions and a public address to receive/view balance.  it safely STORES NO DATA outside the phones ram and is erased when app is turned off. It accesses blockcyphers decentralized cloud based blockchain hosting environment to read balances, and sign transactions locally after blockcypher creates a transaction framework.
-Twitter user Mikegeister won the graphics contest for branding the Nuro App

upvote and/or discuss UROex at http://www.reddit.com/r/Bitcoin/comments/2euojq/cambodias_first_bitcoin_exchange_is_launching_in/
Uro would like to be on https://hitbtc.com/ vote at https://hitbtc.com/vote (login for 10x votes)
Post here to help Uro get Casheer implementation http://forum.casheer.net/viewtopic.php?f=15&t=17
Questions can be created at answers.launchpad.net/uro or view the discussions others have asked, see bugs, or view the blueprint plans @ launchpad.net/uro
You guys are great!

[Truthful]

Remember that it's been confirmed that GES AU and GES HK are involved in this so called coin. It's been claimed that only GES HK are involved.

GES has no office in Hong Kong. Nilesh Nair and Bohan Huang have tried to claim that there is, yet they’ve produced no proof of this and tried to claim that the registry address of Hong Kong is where they have an office. The so-called replies via a gmail account can’t be coming from Hong Kong, the time zone differences would reflect that the replies are coming from Australia.

The emails to Coinasaur see post 3284, page 165 of this thread claim that GES has “office/s” in Hong Kong. Who is Clifton Tang? Some made up person? Has GES AU made up a false identity to claim the emails are coming from Hong Kong? Couldn’t find anything about him.
http://www.linkedin.com/pub/dir/Clifton/Tang

The so-called Hong Kong address listed on GES’s website is exactly the same address for a company called Dunn Global.  How can two companies share the same office? It was also claimed that GES has ‘virtual’ office? How can that be?

http://greenearthsystems.com.au/commodities/branches/

DUNN GLOBAL
http://www.dunnglobal.com/Contact.php

Contact Info
General Information
Suites 1-3 Kinwick Center, 16th Floor
32 Hollywood Road,
Central, Hong Kong

The above address is not listed as having ‘virtual’ office spaces
http://www.officesasia.com/business-centers-hong-kong

GES has no office in HK, so no possibility of Nilesh Nair being in HK to supposedly sign this
http://uro.io/Uro%20Protocol%20GES%20Instrument%20of%20Ratification%20June%202014%20JPG90.jpg

True-Asset tried to claim in post 1353 on page 68 of the old forum https://bitcointalk.org/index.php?topic=600639.1340

That, "Green Earth Systems Pty Ltd" is an Australian company that is not involved with the Uro Protocol ratification. However GES Australia does handle some of the English PR and documentation services for the GES group due to the convenience of having an abundance of English literate staff in Australia”.

Yet it seems that Clifton Tang can send an email in English?? How can he really say that GES AU has no involvement in the so-called Uro??

Post 293 on page 15 of this forum https://bitcointalk.org/index.php?topic=684972.280 reveals a lot about the fact that there is no office in Hong Kong. Nor does GES Au have an office at Australia Square.

With so much false information provided what does that say about the so-called Uro??

[Cryptourologist]

[Truthful]

Cryptourologist: Yes the smell of Uro is awful in the morning. Especially when the lies about an office in Hong Kong have been told. Glad you agree.

Remember that it's been confirmed that GES AU and GES HK are involved in this so called coin. It's been claimed that only GES HK are involved.

GES has no office in Hong Kong. Nilesh Nair and Bohan Huang have tried to claim that there is, yet they’ve produced no proof of this and tried to claim that the registry address of Hong Kong is where they have an office. The so-called replies via a gmail account can’t be coming from Hong Kong, the time zone differences would reflect that the replies are coming from Australia.

The emails to Coinasaur see post 3284, page 165 of this thread claim that GES has “office/s” in Hong Kong. Who is Clifton Tang? Some made up person? Has GES AU made up a false identity to claim the emails are coming from Hong Kong? Couldn’t find anything about him.
http://www.linkedin.com/pub/dir/Clifton/Tang

The so-called Hong Kong address listed on GES’s website is exactly the same address for a company called Dunn Global.  How can two companies share the same office? It was also claimed that GES has ‘virtual’ office? How can that be?

http://greenearthsystems.com.au/commodities/branches/

DUNN GLOBAL
http://www.dunnglobal.com/Contact.php

Contact Info
General Information
Suites 1-3 Kinwick Center, 16th Floor
32 Hollywood Road,
Central, Hong Kong

The above address is not listed as having ‘virtual’ office spaces
http://www.officesasia.com/business-centers-hong-kong

GES has no office in HK, so no possibility of Nilesh Nair being in HK to supposedly sign this
http://uro.io/Uro%20Protocol%20GES%20Instrument%20of%20Ratification%20June%202014%20JPG90.jpg

True-Asset tried to claim in post 1353 on page 68 of the old forum https://bitcointalk.org/index.php?topic=600639.1340

That, "Green Earth Systems Pty Ltd" is an Australian company that is not involved with the Uro Protocol ratification. However GES Australia does handle some of the English PR and documentation services for the GES group due to the convenience of having an abundance of English literate staff in Australia”.

Yet it seems that Clifton Tang can send an email in English?? How can he really say that GES AU has no involvement in the so-called Uro??

Post 293 on page 15 of this forum https://bitcointalk.org/index.php?topic=684972.280 reveals a lot about the fact that there is no office in Hong Kong. Nor does GES Au have an office at Australia Square.

With so much false information provided what does that say about the so-called Uro??

[Truthful]

This forum gives you proof of what you are smelling.

https://bitcointalk.org/index.php?topic=688577.0

[Cryptourologist]

This forum gives you proof of what you are smelling.

https://bitcointalk.org/index.php?topic=688577.0

I smell a troll in you. Your copy-paste makes no sense whatsoever. Prove that you're legit.

[Truthful]

Cryptourologist: GES, Nilesh & Bohan have given you a golden shower by lying about a so-called HK office & the fact that GES AU is involved in this so-called coin.

Interesting that you couldn't refute what I posted about the fact that the so-called HK office doesn't exist. Instead you resort to childish comments.

[wasobot]

Cryptourologist: GES, Nilesh & Bohan have given you a golden shower by lying about a so-called HK office & the fact that GES AU is involved in this so-called coin.

Interesting that you couldn't refute what I posted about the fact that the so-called HK office doesn't exist. Instead you resort to childish comments.

dude, google: Define so-called, so you can learn to use this word XD

[Truthful]

Cryptourologist: GES, Nilesh & Bohan have given you a golden shower by lying about a so-called HK office & the fact that GES AU is involved in this so-called coin.

Interesting that you couldn't refute what I posted about the fact that the so-called HK office doesn't exist. Instead you resort to childish comments.

dude, google: Define so-called, so you can learn to use this word XD

http://www.macmillandictionary.com/dictionary/british/so-called

http://i.word.com/idictionary/so-called

[Cryptourologist]

Cryptourologist: GES, Nilesh & Bohan have given you a golden shower by lying about a so-called HK office & the fact that GES AU is involved in this so-called coin.
Interesting that you couldn't refute what I posted about the fact that the so-called HK office doesn't exist. Instead you resort to childish comments.

First of all, I'm not trying to refute anything. I'm just trying to prove that you're a worthless pile of shit regardless of anything that has to do with URO. If URO is a scam then you're a worthless piece of shit. If it's not, you're still a worthless piece of shit. Now how did Bohan and Nilesh give ME a golden shower?

[jasemoney]

old questions are boring, were you on vacation? it was so quiet here. you heard about the exchange right? the foundation is going to get some countrywide banks on board in countries with low access to bitcoins. so the people can transfer local fiat into BTC to buy Urocoin (or hold/use BTC) first stop Cambodia, next stop possible Iran. Dont you think those 2 countries (sorry for stereotyping) but they would jail a scammer or worse? is this some scam to partner banks and acquire international fiat? seems quite dangerous.
*edit still falls under the why bother to be a scam instead of legit category, its still going to be low volume right? and if the exchange totals over 10% fees theres little incentive to use the urocoin...

[niothor]

Cryptourologist: GES, Nilesh & Bohan have given you a golden shower by lying about a so-called HK office & the fact that GES AU is involved in this so-called coin.

Interesting that you couldn't refute what I posted about the fact that the so-called HK office doesn't exist. Instead you resort to childish comments.

dude, google: Define so-called, so you can learn to use this word XD

Your English skills are at indian level so better go back and study before laughing at others without motive .

Also , all your posts are in this thread , all backing URO. Account created just to hype the coin. /ignore

[Truthful]

old questions are boring, were you on vacation? it was so quiet here. you heard about the exchange right? the foundation is going to get some countrywide banks on board in countries with low access to bitcoins. so the people can transfer local fiat into BTC to buy Urocoin (or hold/use BTC) first stop Cambodia, next stop possible Iran. Dont you think those 2 countries (sorry for stereotyping) but they would jail a scammer or worse? is this some scam to partner banks and acquire international fiat? seems quite dangerous.
*edit still falls under the why bother to be a scam instead of legit category, its still going to be low volume right? and if the exchange totals over 10% fees theres little incentive to use the urocoin...

Nothing has been proven to be true. False addresses, false offices, no other NIER's, a raving Bohan & no one can refute what I've said except hurl abuse!!

What would make anyone think that's going to happen?? Remember that so many farmers wouldn't know about bitcoin.

http://www.phnompenhpost.com/business/nbc-won’t-recognise-bitcoin

http://smallmedia.org.uk/sites/default/files/u8/IIIP_June2014.pdf

Page 3 of second link shows bitcoin is illegal in Iran.

[BadAss.Sx]

Bitcoin is NOT illegal in Iran..it's a bank director who is telling that it is illegal....but the government is the one who decides. And they say it's not.