Unobtanium In-House Exchange

[IMZ]

Hey, B.N.

You will find me endlessly enthusiastic with the theory:

One: “More of a public version.” Somewhere back in my posts you’ll find ‘Pocket-Change Coin.’ That is, a third coin for ‘The Mall.’ I agree; but . . .

the problem is one of timing. We have four or five big projects underway at present. DVC is a triumph – but it needs to be a much bigger triumph.

If we can add one TT per week for a few months, and advance all the other projects, yes!! But we have limited resources. Two or three completed projects is better than ten uncompleted projects.

Two: “We offer 1oz for 1 DVC2.”

The arithmetic will beat you unless you have a physical vault containing enough silver to back every DVC2. And the legal documentation that ‘proves’ the silver is there. And the money to pay maintenance and security and accounting and shipping costs.

If you have all this – even if you can get people to believe you are not a scammer – you then have a currency, an ‘instrument of financial exchange,’ which involves a ‘transaction fee’ that is far far too high.

[What you actually describing is an ‘ETF.’]

Three: ‘To lighten sell pressure on UNO.’ DVC lightens sell pressure on Uno. 

Four: watch cragv and I this week, B.N. We are going to do 2 P-WIPS here in Australia. As the national chapters get stronger (and a number of other projects get stronger), we will have Uno, Bitcoin, DVC, bullion, and a number of fiat currencies to use.

Suharto was the Indonesian dictator when the peg was in place.

[IMZ]

Un-Ex 17/1/2015 [Western Australia – a half a day ahead of the U.S.]

Here is the trade-ticker


Unobtanium 'solid': .0089/.0083

https://www.cryptsy.com/markets/view/133
https://bittrex.com/Market/Index?MarketName=BTC-UNO
https://bleutrade.com/exchange/UNO/BTC
https://coinbroker.io/trade/?symbol=UNO.BTC;

Trusted Traders:

http://indiamikezulu.com.au/454/list-of-trusted-traders/

DVC: 20.813 Uno

Liquidity Pledges:

Australia: March, IMZ Mark: $AU 250

[Benefactor]

WTB 100UNO with 100LTC

You're asking for UNO in the mid-006's!  ...And high volume at that~!

I'll make a counteroffer, still generous, IMHO.  For this agreement, you would have to send 1st, but you are free to break up the exchange into smaller amounts.:

Trade Offer BeneL0003-edgar:  I have 100 UNO to sell for 125 LTC.

[IMZ]

Uno is $1.74 to Litecoin's $1.30 at this second.

And I'm intrigued to see how much I'd need to pay to shake loose one DVC. Trade IMZ-18/1/15: will pay 22.5 Uno for 1 DVC.

[Benefactor]

Uno is $1.74 to Litecoin's $1.30 at this second.

And I'm intrigued to see how much I'd need to pay to shake loose one DVC. Trade IMZ-18/1/15: will pay 22.5 Uno for 1 DVC.

I'll accept this one.*  Convenient, as you already have my 2 DVC.  (I've currently had 2, right?)  

UNO:  ud7Y8xhr9mpvz7bWRHdBnfHvmWeUDgJKLJ

-

I'm really curious as to when I can buy it back cheaper?  Might be a long time, as the trend is now Ag-up, up, and away, UNO flat, and BTC still down a little.

*I will forward 0.5 UNO of your 22.5 UNO to The Blue Crypto Awards Donation address on this one.: (udonaTeAguxJ4RXs4F7ohPRbCRTrGdiSZU)

-

Hope you don't mind me doing a lot of the trading around here, but it's kind-of fun.  

[IMZ]

Trade IMZ-18/1/15: will pay 22.5 Uno for 1 DVC. -- trade complete So my ledger now shows 'Benefactor 1 DVC; Mark 3.'

@ Benefactor: am I upset that you enthusiastically trade here? Bless your little cotton socks for trading here! 'Stalwart' is the word that comes to mind.

And yes, I too wonder if 22.5 is cheap for 1 DVC. Any bets on silver 'breaking out' in the next few months?

m

[Benefactor]

Trade Offer Bene50004:  I have 1 DVC to sell for 22.5 UNO*

***Trade Complete***

*0.5 UNO has been sent to The Blue Crypto Awards's donation address on your behalf.

[Benefactor]

Any bets on silver 'breaking out' in the next few months?

m

I think definitely, BIG TIME!  (While that's just my opinion, of course nobody can usually ever really be sure where things will go, controlled markets or not.)

At the same time, though, DVC has that inverse relationship with both BTC and UNO.  BTC should rebound handsomely at some point, and advanced predictive linguistics have silver and gold being traded FOR BTC, not the other way around, mind you.  UNO - if people had any sense, they would buy BTC with both hands at these cheap BTC prices, and then support the UNO market, buying the available cheap UNO, now, too.

All JIMHO.


-

I've already talked all about taking advantage of the high and maybe still growing ratio of the price of 1 oz of silver bullion to BTC.  Even being extremely bullish on silver, I've sold a bunch these last 2 weeks to grab some bitcoinage.  Do I even trust my local psychopathic country government to not steal the silver in some way?  Diversification, if nothing else.  "Rebalancing" for those who really get it.  

-

Maybe somebody should ask Bryce Weiner if we have permission, yet, to cross above 0.011 and stay up there?  ~OH!

 

 

[Benefactor]

Do we all have a traumatic psychological barrier to buying above 0.009 because of that comment he made @ 0.011??

[Benefactor]

Do we all have a traumatic psychological barrier to buying above 0.009 because of that comment he made @ 0.011??

...As for supporting UNO with fiat trading pairs and other things - Look around, even with nafarious global organizations getting into BTC, the dominant pairs are in BTC!  Supporting UNO with additional trading pairs for BTC price-independence also assumes fiat and even PM's will beat BTC in the next 1-15 months.  What if they don't, starting from the low hitting right around these current few weeks???  The perception within the Unobtanium community that fiat will be more durable in terms of real value in the next 2 years as compared with BTC would pull UNO's price down in the grand scheme of things, would it not?  (Sure, I totally concede that an ever-increasing number of trading pairs has the advantages of increasing liquidity, stability, and market breadth, interest, participation, utility, etc., and I totally still encourage it.)

All JIMHO.

-

I don't like what's become of BTC; there's a lot of dirt on it, now, but cycles are cycles, and it's reeely cheap right now!  'The People' can still make good with BTC.  Perhaps it's never too late on that one, ((given certain conditions.))

I do hate, HATE, the evil that is Ripple, yet I even just took a little peek at the price, just this last week.

Gotta be pragmatic at some point, and less idealistic?

[IMZ]

"Gotta be pragmatic at some point, and less idealistic?"

Serious answer, B.?

Linguists use the term 'hypercorrection.' Hoomernz tend to polarise thoughts and doctrines. In politics -- which includes cryptos -- I've seen that idealism provides the fire in the belly that keeps cadre going through the lean times, but pragmatism often produces results that bein' a hard-arse simply won't.

We are embryonic. Politics doth strange bedfellows make. Let's develop a 'suite' of the best half a dozen coins,

and use them like a doormat to get where we wanna be.

m

[IMZ]

Un-Ex 18/1/2015 [Western Australia – a half a day ahead of the U.S.]

Here is the trade-tracker

Unobtanium 'solid': .0086/.0085

https://www.cryptsy.com/markets/view/133
https://bittrex.com/Market/Index?MarketName=BTC-UNO
https://bleutrade.com/exchange/UNO/BTC
https://coinbroker.io/trade/?symbol=UNO.BTC;

Trusted Traders:

http://indiamikezulu.com.au/454/list-of-trusted-traders/

DVC: 21.190 Uno

Liquidity Pledges:

Australia: March, IMZ Mark: $AU 250

[Benefactor]

Trade Offer BeneL0003-edgar:  I have 100 UNO to sell for 125 LTC.

*** Offer Cancelled ***

(I don't know if edgar even got a chance to see it~?  Well, it's been up about a whole day.)

LTC dropped another 5% overnight, and may continue testing new lows....

BTC and UNO look a little stronger ATM, but anything can happen tonight and tomorrow.  HIGH manipulation in conventional paper financial instrument markets is anticipated TONIGHT and tomorrow.

[BitcoinCharlie]

Maybe somebody should ask Bryce Weiner if we have permission, yet, to cross above 0.011 and stay up there?  ~OH!

Forget 0.011 I'm ready for $UNO to be at 0.1! 

[cragv]

@IMZ - there has been an ongoing price discrepancy for the price of our DVC between your daily update posts and the price shown on the Trade Tracker (DVC/UNO at cell F3).

I've found silver prices consistent. The $ value I've been taking from Coinmarketcap. So, 1 oz silver = $16.50. Thus 2 = 3300 cents. Divide 3300 by the number of cents in one Uno = 1 DVC

Quite happy to update this equation.

My method:

Silver - I've found prices consistent from various sources, too (+/- USD$0.05 depending where you look). Trade Tracker uses Apmex.
UNO - you get the USD price of UNO from Coinmarketcap while the Trade Tracker uses Coinwarz (+/- USD$0.03 difference between the two)
DVC - Trade Tracker divides price of 2oz silver (eg. 2x17.61) by the price of 1kg UNO (eg. 1.91) to get the current DVC rate in UNO (currently 18.44kg). Same as you...?

I've noticed the Trade Tracker frequently shows a lower DVC/UNO cost than your updates by about 2kg UNO. It's significant enough now but as UNO increases in USD price, it'll matter more. If you have a minute to help me out here:
- please do your normal DVC calculation that you do for your daily updates
- then check your numbers with those on the Trade Tracker: UNO/USD price at cell A4 and Ag/USD price at G3.

Let's see if we can get this minor issue sussed out before I move things to a more complex setup. Thanks Mark!

[IMZ]

Doin' this live:

Trade-tracker shows DVC/Uno: 18.42

My equation gives: 19.00  [I have been using the USD Uno price on Coinmarketcap.]

Okay! Significant discrepancy! So, now that I know (ahem) that the DVC/UNO price is on the trade-ticker . . . I will use it.

And we can explain, when necessary, what the trade-tracker's equation is.

Me back later. Lots goin' on today.

m

[IMZ]

Un-Ex 19/1/2015 [Western Australia – a half a day ahead of the U.S.]

Here is the trade-ticker

Unobtanium 'solid': .0092/.0084

https://www.cryptsy.com/markets/view/133
https://bittrex.com/Market/Index?MarketName=BTC-UNO
https://bleutrade.com/exchange/UNO/BTC
https://coinbroker.io/trade/?symbol=UNO.BTC;

Trusted Traders:

http://indiamikezulu.com.au/454/list-of-trusted-traders/

DVC: 18.28 Uno

Liquidity Pledges:

Australia: March, IMZ Mark: $AU 250

[cragv]

Trade offer: I'll offer 19kg UNO to buy 1 DVC from you (I currently hold none, Benefactor has them both!).

(DVC price at time of offer is 17.35kg)

[IMZ]

Unobtanium Merchant 'Liquidity Engine'

Australia, January, 2015: up to $AU 200 is available to buy Uno offered for sale on Un-Ex by an Australian merchant.

Watch this space!

[Benefactor]

Trade offer: I'll offer 19kg UNO to buy 1 DVC from you (I currently hold none, Benefactor has them both!).

(DVC price at time of offer is 17.35kg)

I only have 1 left, held by Mark, one of my shiny 2 originals.  Yours are gone!