Unobtanium In-House Exchange

[prominerone]

 Un-ex is unique idea as Uno. We can do great things with it. I watching you guys from the beginning of Un-ex. You got the magic inside you. I have  very good hunch for the Un-ex future.

[1714484325]

1714484325

[cragv]

http://indiamikezulu.com.au/532/a-snippet-of-theory

Well-put, thanks for that, Mark. Timely, too - I'm currently tussling with anonymity and identity in a trust-centric community. How much of each is required, who knows what, how things are quantified, how outliers are managed, what can be automated and what should remain a manual process, etc. Having fun with it while I have the time to think without distractions for once!

[IMZ]

Un-Ex Daily Update    15/3/2015    [Western Australia – a half a day ahead of the U.S.]      
            
Un-Ex Trade Tracker    | Tech Support thread for UNO newcomers         
            
Unobtanium 'solid': .0122/.0109      
            
Markets: Cryptsy; Bittrex; Bleutrade; AllCrypt; Coinbroker            
            
Trusted Traders:   on IndiaMikeZulu.com and on the Un-Ex Trade Tracker         
            
DVC: 9.37kg 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)

            
            
            

[IMZ]

"@IMZ:  please go easy on all the side project core tainium, off exchange trading stuff.  It is scary and confusing."

Gecko, Post 7285

My reply is 7286

[IanRidgwell]

TL:DR~

Don't buy into a dump.
Provide buy support for when natural attrition hammers the coin, work against BTC movements and community issues but don't buy into the dumps.

That is what the dumpers want you to do and they have nothing to lose and everything to gain.

~~

I'm not sure if this has been discussed before but Mark and I had a decent chat about 'buy support' vs 'paying for a dump'

I'll post a brief here now.

  There are two things I learnt being part of the whole 'GAWMiner' thing.

  1) It is really easy to find yourself in a position where you simply have no out, and so you go along... and along and along, and finally all  the signs are bright neon and lit 'DANGER BEWARE' but you got trapped three suburbs and 4 one way streets back thinking, oh shit... I hope this doesn't go bad. I am glad I was cautious, and disappointing that nothing good came from it. I have long since dropped any pretense of thinking GAW will rise from the ashes like some kind of Phoenix. That belief sits right beside winning the lottery and I don't buy lotto tickets.

  2) GAW bought into a massive dump, it was a critical mistake.
They promised 'significant' buy support. We can speculate the actual buy support but personally I might suggest a few hundred thousands, tens of thousands most certainly. Add to that the almost rabid like support base and their belief the GAW Project would hit 100 USD within weeks and we should have seen at least a quarter of a million USD (GAW supporting Speculators considered upwards of a million though clearly GAW did not put up that promised amount) prepped as buy support to what was (arguably) a tangible business deployment of a new and cutting edge cryptocurrency (tech realities aside).

The money literally dissipated. So hard and fast was the dumping that cryptsy's system broke. It was unable to fill orders that had been easily filled and the book filled orders out of synch (questions of legitimacy were risen but it was a pretty hectic moment. Watching that breif less than a minute period of trading was... confusing at best). It took seconds for the buy support to be crushed and the only people who benefited where the dumpers.

  So why be cautious about buy support and dumps?

It's very hard to prepare buy support. Firstly its USD, real "bread and milk" money (no offence regarding cryptos we're all in this together) and that money is pulled directly from the rent, the food, the real life budget. Secondly its politicaly difficult finding a community willing to gather resources to strengthen the 'baseline' of a currency. UNO is unique (in my experience, this kind of mature and not knee jerk reaction regarding financial support) in this and GAW was... I dunno, hypnotically powerful marketing or individuals so far down the rabbit hole they were simply gambling at that stage. We build at the current value, the high value at the coins strongest point (that is when a dump hits) and it makes it more expensive, higher risk.
A dumper on the other hand, bought when it was low, got the coin cheap easy and has no risk. If a dump fails they walk with money, real money, hookers and blow money. If a dumper fails they walk like nothing ever happened and find a new target, you don't hear about failed dumps because nobody suffers, nobody crumbles it hurts nobody. Dumping offers no risk (there is always risk but its a quantity quality thing) and so much reward potential. Gather a horde of small timers for a massive dump, oh so easy. The mentality is there, the sociopathic disinterest in long term stability of the crypto scene at large. So much easier than getting hard working honest community members to risk their own hides staunchly working towards a better stronger community and coin.

Dumpers don't dump because it is fun (though I am sure it is), it's not a bout 'the lolz', it's a market manipulation, it is about money. They want our money, not our coin. They already have our coin and if they've got our coin they've got us by the balls. If we let them they will milk us for everything we have before walking away leaving us unfulfilled and lighter in the pocket.

The dumpers have so much to gain and the supporters have so much to lose.

TL:DR~

Don't buy into a dump.
Provide buy support for when natural attrition hammers the coin, work against BTC movements and community issues but don't buy into the dumps.

That is what the dumpers want you to do and they have nothing to lose and everything to gain.

[BitcoinNational]

thoughts:

allcrypt ... if we can get in contact with them then it becomes UNO pair trade central

coinbroker.io ... perfect name, exclusively trading large blocks of prime ALTs.  They act as 'broker' UN EX sets up the deals and the trades clear via coinbroker.io

All this is later, down the road stuff, but those are 2 platforms sitting idle in need of business.  If they can shutter and lockup for 4-6 months then there is a real opportunity, me thinks.

What does a non-working exchange go for?

I don't think we need to 'buy' but maybe help fund a relaunch.  Cool thing about crypto is we can probably come up with some kind of digital equity if we go down that road.

[BitcoinNational]

RE:  friendly UNO trading pairs / match making with other coins

Doge ... they run at 10% inflation and have a very large user base
Black ... 1% inflation / 1 year since launch so it is nearing maturity
Drk ... Dark could be the #4 trade volume coin also has lowish inflation (not sure the %)
NXT/btcd
rdd
cann ... is looking good nearly 85% mined

That's what's on my radar.  Would like to reachout to these communities and have some them come to Un Ex for direct UNO trade deals.

[BitcoinCharlie]

thoughts:

allcrypt ... if we can get in contact with them then it becomes UNO pair trade central

coinbroker.io ... perfect name, exclusively trading large blocks of prime ALTs.  They act as 'broker' UN EX sets up the deals and the trades clear via coinbroker.io

All this is later, down the road stuff, but those are 2 platforms sitting idle in need of business.  If they can shutter and lockup for 4-6 months then there is a real opportunity, me thinks.

What does a non-working exchange go for?

I don't think we need to 'buy' but maybe help fund a relaunch.  Cool thing about crypto is we can probably come up with some kind of digital equity if we go down that road.

Equity DVC? 

[rojan]

Hey does anyone know of a service for privately trading large amounts of cryptocurrencies? For example if the amount in some altcoin was well above the daily volume and you don't want to tank the market and you wanted to just do a wholesale sale of the coins to someone? I'm hoping a service like that exists with the proper escrow abilities in place. Or is there some exchange that allows bulk trades in blocks at a specific price?

http://www.reddit.com/r/CryptoCurrency/comments/2rljlh/bulk_wholesale_cryptocurrency_selling/

I posted a comment to this query on reddit.  I never spent much time on reddit before now - it's been eye opening and I do see opportunities. 

I think there needs to be an in-house trade walk-through guide created here with just the basic BTC <--> UNO buy/sell.  Simple and clear will encourage use and enhance experience.  Obviously there is demand for this.

I'm sure as time goes on interest will build in more exotic transactions also.

[cragv]

Good job rojan, thanks. I've just written a reply to your comment there.

Re instruction: Trading on the Un-Ex right now in its temporary spreadsheet form is simple but clunky. The 'About' tab gives an overview and introduction to the whole thing. I think there's a guide on this thread somewhere but adding it to the op would be an idea too.

Once we move to a website things will be more intuitive. I'm putting a lot of time into that right now, so stay tuned for announcements of first versions of things next month sometime, at a guess. More to follow soon.

[IMZ]

Morning, Rojan. How cool to see you here!

" . . . a service for privately trading large amounts of cryptocurrencies?" Tee hee -- that's us!

Thanks for the suggestion for an 'in-house trade walk-through guide.' You are right. We need one.

M

[IMZ]

Woo hoo!

Got a bogus trade on Un-Ex: https://docs.google.com/spreadsheets/d/14hftnJ_crV9flLcUKaPqwEfTLKJme3R8jVeUJtudQSw/edit#gid=495759384

Trade 82 -- 'Zuperbman'

Totally wrong, me! And I have apologised. Zuperbman is a Bitcointalk member who . . . somehow posted on Un-Ex. Let's hope s/he sticks around.

m

[BitcoinNational]

@Rojan
re: http://www.reddit.com/r/CryptoCurrency/comments/2rljlh/bulk_wholesale_cryptocurrency_selling/


Yes that super bulk block exchange is right here
Serious.  
Do you trust BTER, Mintpal, Gox?
We've never seen the escrow business really take off.  

(But I've seen tons of fancy pants say they're setting up the Gold Standard of escrow)

These kinds of middleman tends to become Mark Karples or Sen. John Corzine.

UnEx can do this.  
How?
answer > UNO

Guy X wants 50000 drk coins has peer coins
Guy Y wants 100000 peer coins has drk coins

UnEx can link them directly (if they trust each other)
or
UnEx TTs can
swap UNO for the drk from Guy Y
swap UNO for the peer from Guy X
then swap back to complete the trade.

"I do see opportunities"

I do too  

And I think naturally you see this coin community in-house clearinghouse take shape.  UnEx can be the first and the best!

[cragv]

Woo hoo!

Got a bogus trade on Un-Ex: https://docs.google.com/spreadsheets/d/14hftnJ_crV9flLcUKaPqwEfTLKJme3R8jVeUJtudQSw/edit#gid=495759384

Trade 82 -- 'Zuperbman'

Bogus because the seller is not a bitcointalk.org member? We're doing a week on reddit and there's been conversation on there today re big trades, per the posts right here today.

We will decouple trading from bitcointalk.org soon anyway but for now it's how we do it because we need a channel of communication for traders. I'll add a line in the Comments box for this seller's reference.

This is otherwise completely legit IMO. We're reaching out to reddit but don't have a clearly defined process that's easily found. It is in the About tab on the spreadsheet but maybe should also be on the OP of this thread (the How Do I Trade Here? question).

Edit. Quick search now I'm on a computer; Zuperbman is an existing member here
Zuperbman, please introduce yourself here in the thread. It'd be great to meet you!

[IMZ]

Un-Ex Daily Update    16/3/2015    [Western Australia – a half a day ahead of the U.S.]      
            
Un-Ex Trade Tracker    | Tech Support thread for UNO newcomers         
            
Unobtanium 'solid': .0132/.0112      
            
Markets: Cryptsy; Bittrex; Bleutrade; AllCrypt; Coinbroker            
            
Trusted Traders:   on IndiaMikeZulu.com and on the Un-Ex Trade Tracker         
            
DVC: 8.89kg UNO Gonna start posting DVC prices in Bitcoin!         
            
'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]

DVC: 8.89kg UNO Gonna start posting DVC prices in Bitcoin!

Your daily post sheet now does this for you automatically and I've removed a few outdated datum while I was at it. Excuse any unexpected errors as I'm working from a phone most of the time here!

Since I was thinking about it, I've also added a 90-day line graph for DVC/BTC to the Dashboard of the Un-Ex, for anyone interested. Cheers.

[Guyinanutshell]

Trade Offers:

RATE: $4/UNO (valid until 3-20-2015)

Buying 2.5 UNO for $10 USD (0 available)
via microsoft redemption code, redeemable on xbox360/xbox one and other microsoft online stores
OFFER OPEN

Buying 2.5 UNO for $10 USD (1 available)
via League of Legends Riot points redemption code
OFFER OPEN

Buying 6.25 UNO for $25 USD (1 available)
via "facebook game card" redemption code
OFFER OPEN


All codes have been pre-bought and are ready to send!


Post on the forum if interested in one of the trade offers and I will fill in the UN EX with the exact trade details, to keep the trades up to date and transparent.

cleaned up listing a bit, I am interested in buying up to 125 UNO at the $4/UNO rate, less the cards I have already purchased.  If someone is interested in making a trade with a custom USD delivery method let me know, and we should be able to work something out.

Cheers
guy

[BitcoinNational]

Bitcoin National, 100 Uno @ $3.15 (Paypal)

still a standing offer
PM to call or post on the thread.

[IMZ]

Trade 80 will pay 13 Uno for 1 DVC

Up from 11 and 12 Uno -- how long will it go?

Mark

[Guyinanutshell]

Trade 80 will pay 13 Uno for 1 DVC

Up from 11 and 12 Uno -- how long will it go?

Mark

Ill bite at 13

Waiting for laptop to finish update to have access to my precious!

Cheers
Guy

cant access trade tracker on iPad will formally accept asap