Unobtanium In-House Exchange

[Benefactor]

Mark, how's the summer?

Umm, one little thing - you are advertising NXT each day in your daily.   

[Benefactor]

DogeParty is an easy to use online wallet (no blockchain -ing)
https://wallet.dogeparty.io

...So is this a sidechain, then?  I thought this is something like what a sidechain would look like.  Damn shame everyone was so scared of it on here.

[IMZ]

Thanks for that note, B. Thankfully, I am this second getting to better know the system cragv has set up, and I can because:

it's Autumn! and my eyes are able to cope much better.

Final Note on Nxt: this is further to my post above about the present state of cryptos:

the Nxt community has not distinguished itself in its attitude to helping newcomers. They have almost delighted in the geekiness of their product.

And I suggest they have overplayed their hand. Postmodernist western life is approaching a zenith (nadir?). Everyone is madly busy. Everyone has no room for any new system that has an arrogant attitude to its own acceptance.

and PM sent.

m

[IMZ]

Un-Ex Daily Update    3/3/2015    [Western Australia – a half a day ahead of the U.S.]      
            
Un-Ex Trade Tracker    | Tech Support thread for UNO newcomers         
            
Unobtanium 'solid': .0149/.0130         
            
Markets: Cryptsy; Bittrex; Bleutrade; AllCrypt; Coinbroker            
            
Trusted Traders:   on IndiaMikeZulu.com and on the Un-Ex Trade Tracker         
            
DVC: 8.29kg UNO            
            
'Core-tanium' (see the list on the Un-Ex Trade Tracker):            
This is BTC pledged as anti-dump ammo (fiat pledges will be added). Holding address: 1DG6gjrZ6XyzSUBA6GBrhra5FSQwkiQy7y            
            

• IMZ Mark   0.25   
• Benefactor   0.1   
• Sirsmokesalot   0.32   
• Bitcoin Charlie   1.0   

      
            
Liquidity Pledges (see the list on the Trade Tracker):            

• Local Chapter - Australia            
  
  • cragv, $100
  • IMZ Mark: $AU 250 (by March 31st)
• Local Chapter - USA            
  
  • Bitcoin Charlie, $500
• International            
  
  • Bitcoin National, 100 Uno @ $3.15 (Paypal)

            
            
'Frozen' UNO:            

• Guyinanutshell, 100 Uno, until May 1, 2015, @ uUB5igPeTMUXxfAqMVQ15FidQmtomemJbL (at least to practise setting up separate wallets for equity DVC)

            

[IMZ]

DogeParty is an easy to use online wallet (no blockchain -ing)
https://wallet.dogeparty.io

...So is this a sidechain, then?  I thought this is something like what a sidechain would look like.  Damn shame everyone was so scared of it on here.

Any ideas for using sidechains here in Un-Ex? I'm all ears.

[BitcoinNational]

re: Everyone is madly busy
"Everyone has no room for any new system that has an arrogant attitude to its own acceptance."

True.  Very True.

But I don't think UNO ought be to concerned with usability.  It is still light and easy as a wallet.
Sidechain products (like DP) can do the 'design' work for us.
outsource

Our concern is more with making UNO a clear choice as an asset to hold in your digital portfolio.

My idea now (for long term storage by the "Madly Busy" crowd) ... UnEx trust network + "the Mall" + regional chapters = 'trusted merchants' and secure physical wallets.  Make it something you hold in hand ... like a bank note

[BitcoinNational]

re: ideas for using sidechains here

1. Bryce seems to have indicated he's making UNO a sidechain friendly platform.  
2. okay fine.  makes us ready for the future.
3. what good are they?  something about 'frozen equity' contained within the chain ... ohh I think in-house already has something like that

(my guess) sidechains are like any Altcoin
tech is one thing --- value is another thing

I like DP as a 'sidechain' to push-trade DVCs
1. cheap (pay in doge)
2. easy

Idea wise any derivative can be traded on DP (just like NXT)
but the trade floor is right here on UnEx
(my guess) is a DP asset can be listed and traded on an exchange website (Polo is already doing this)
so that's the future

[BitcoinNational]

re: "Big Tech Startups and small-business crypto acceptance -- is booming"

and they are getting suckered into holding bitcoin in a bear market or else pay a 3rd party 8-10% to cashout

BIG OPPORTUNITY ... b2b uno

the pitch:
accept BTC,LTC,Ripple
insta trade to UNO to store your digital value

then pull cash in big chunks (if needed)
but as time goes forward
they will leave more and more capital in digital assets

[IMZ]

Hey, B.N.!

One: ask cragv about 'something you can hold in your hand.' He has a great idea for a product.

Two: 'B2B' is indeed us, and the rockchain is easy to use. B u t . . . I think my point stands. I am not a computer person. I see that tech-savvy folk overlook how hard it is get set up.

Three: this I like: "the pitch:
accept BTC,LTC,Ripple
insta trade to UNO to store your digital value"

However, for at least six or eight months, I would beg that we don't move beyond the present level of complexity (with DVC trading built into cragv's spreadseet). Why? 'Cause we need more DVC holders/more DVC issued (equity DVC).

The fabulous success of DVC has made it low-volume. If we set up a more extensive trading system for DVC, it wouldn't work simply because there aren't enough to go around!

m

[BitcoinNational]

@M
"we don't move beyond the present level of complexity"

agree.

1. Make the product valuable (first)
2. Launch it / IPO (second)

(crypto world has been doing this backwards)

[BitcoinNational]

@all

seeing all that low hanging fruit is making me wanting more UN

but I don't want to dump B for A to get the bitcoins

is anyone willing to entertain options?
eg ... 10kg for $40 payable March 31 (so you'll make around $5 per contract if you carry the UN until March 31)

[Guyinanutshell]

@all

seeing all that low hanging fruit is making me wanting more UN

but I don't want to dump B for A to get the bitcoins

is anyone willing to entertain options?
eg ... 10kg for $40 payable March 31 (so you'll make around $5 per contract if you carry the UN until March 31)

I'm not entirely clear on options, but interested!  could you elaborate please? so a 5 yr. old could understand; if that's possible.

cheers
guy

[IMZ]

Yes, elaborate please.

@ 'value first; then launch': here is IMZ's theory/background on this:

IndiaMikeZulu has theorised three coins, and launched two -- DVC is our fifth (and Un-Ex is our fifth exchange). 'Omega Coin,' the first was a white paper on how a trust-system could be created first, on a non-cryptographic system, then the community would shift to the actual crypto-graphic currency.

'Multi-Phase Coin' was similar, with the added idea that -- again, with the community as the core -- a currency could go through several phases of development, which allows problems to be solved along the way.

'Guerilla Fruit-Tree Coin' would be a currency 'backed' by (say) 100,000 fruit trees growing in publicly-accessible places. It would be based in the world's thriving guerilla-gardening movement, and require development of a Verification system that governed a 'slow release' of coins (based on you calling the local Verifier out on her bicycle to prove to her that you had healthy trees growing). Lots and lots of room for post-economic-collapse implementation here!

And now DVC: build the community, and attach the coins (etc.) as you go.

Are we in some sort of agreement here, B.N.?

[IMZ]

Regarding using NXT vs. Bitspark vs. Non-Wallet Solution for DVC:

I propose door number 3: if the only function of a DVC 'wallet' is to be a ledger that tracks the issue and holding of DVC and facilitates the transfer thereof, then I propose we drop the idea of using a 3rd-party wallet altogether and simply let the Un-Ex keep a public, automated ledger.

To prototype this, I'll update the Trade Tracker with a column called #DVC Held in the Members tab. This will keep track of all trades from tomorrow (the day after DVC trading was frozen and totals confirmed here), and will show all DVC trading that is completed between TT's on the Un-Ex. Because DVC are only traded on the Un-Ex, this should be self-contained and the totals correct. (This is a work in progress as of writing - bedtime for me now but I'll get it finished tomorrow).



If you buy/sell a DVC, the total gets updated here. In the same way that I built and we tested the Trade Tracker, if we find this new DVC ledger works after a few test trades, I'll update the associated doco and this process will become The New Way We Trade DVC. No more wallets of any kind to stuff around with, and the bursar and TT totals will be publicly available to view and check at any time. No hidden trades, no hackable numbers, all in full view of everyone. The Members tab is locked so it can't be defaced/abused and any incorrect data that might be maliciously fudged on other tabs is fully reversible as Google Sheets has versioned backups of ALL modifications to the spreadsheet. It's clean and transparent.

Bottom line: until we move to a redundant SQL database with a website front end (work in progress), taking a Less Is More approach by handling DVC inside the actual Trade Tracker might be the best way forward. Sound alright?

All is well, guys. This is 'where we are today.' cragv has one small change to make -- I understand he's having a rest -- then I will post a bid for a coupla DVC.

The bet is: will the price collapse? ('Oh no! DVC is a scam!) or will we see sellers seeking premiums? I betcha I can't get DVC without paying a premium!

[IMZ]

An 'option' is:

"A financial derivative that represents a contract sold by one party (option writer) to another party (option holder). The contract offers the buyer the right, but not the obligation, to buy (call) or sell (put) a security or other financial asset at an agreed-upon price (the strike price) during a certain period of time or on a specific date (exercise date)."

http://www.investopedia.com/terms/o/option.asp

[IanRidgwell]

Just a quick shout out.

Is there anyone in this community who has an opinion on the market for:

 Cryptocurrency stickers

  Cryptourrency t-shirts

  Desgin Services accepting crypto currencies

  Technical Services Accepting crypto currencies

Just getting a feel for something that people always 'say' they are going to do but never seems to materialise. I have a freind whos interested in starting up but I am concerned about a true market for such goods.

[IMZ]

Un-Ex Daily Update    4/3/2015    [Western Australia – a half a day ahead of the U.S.]      
            
Un-Ex Trade Tracker    | Tech Support thread for UNO newcomers         
            
Unobtanium 'solid': .0140/.0122      
            
            
Markets: Cryptsy; Bittrex; Bleutrade; AllCrypt; Coinbroker            
            
Trusted Traders:   on IndiaMikeZulu.com and on the Un-Ex Trade Tracker         
            
DVC: 9.11kg UNO            
            
'Core-tanium' (see the list on the Un-Ex Trade Tracker):            
This is BTC pledged as anti-dump ammo (fiat pledges will be added). Holding address: 1DG6gjrZ6XyzSUBA6GBrhra5FSQwkiQy7y            
            

• IMZ Mark   0.25   
• Benefactor   0.1   
• Sirsmokesalotta   0.32   
• Bitcoin Charlie   1.0   

      
            
Liquidity Pledges (see the list on the Trade Tracker):            

• Local Chapter - Australia            
  
  • cragv, $100
  • IMZ Mark: $AU 250 (by March 31st)
• Local Chapter - USA            
  
  • Bitcoin Charlie, $500
• International            
  
  • Bitcoin National, 100 Uno @ $3.15 (Paypal)

            
            
'Frozen' UNO:            

• Guyinanutshell, 100 Uno, until May 1, 2015, @ uUB5igPeTMUXxfAqMVQ15FidQmtomemJbL (at least to practise setting up separate wallets for equity DVC)

            

[cragv]

All is well, guys. This is 'where we are today.' cragv has one small change to make -- I understand he's having a rest -- then I will post a bid for a coupla DVC.

Have been unwell since Friday last week, still getting better. Am low on energy and am resting until I'm better. Will be back. Much interesting reading here that I've not kept up with but am looking forward to getting on top of again soon!


Ian:
Cryptocurrency stickers: I wouldn't think so; what is their purpose?
Cryptourrency t-shirts: Again, those who want such shirts are already wearing them (or they're in bags after forgotten tech shows).
Desgin Services accepting crypto currencies: Possibly, but moreso when cryptos are more widely held.
Technical Services Accepting crypto currencies: I'd like to think so, but have had no experience with people approaching my (niche) technical services business that has accepted cryptos as payment since ~2011.

Best wishes to your friend and his new venture. Hope I'm wrong and that there are Australians with cryptos ready to pay for digital and technical services right now.

[IanRidgwell]

Thats my thoughts about stickers and t-shirts as well but there are always hands up when asking within the forums. Im sure a few would sell but actually investing time and money to setup an infrastructure seems premeture.

Cheers Craig.

[Benefactor]

Get well soon!