Unobtanium In-House Exchange

[IMZ]

Welcome to the Unobtanium in-house exchange -- 'Un-Ex'

Community-Driven Big Ideas

This thread is basically an experiment in trust-networking in a crypto community. Anyone is welcome to become a member, and then trade here.

What do we trade?

We trade bullion and various cryptos for Uno. Significantly, Trusted Traders can sell large quantities of Uno (or other) coin ‘into’ the core community.

There is also an ‘in-house’ currency, ‘Distributed-Vault Coin.’ It’s unique because it’s traded only here, and a newcomer must satisfy some requirements to be issued with it -- 'Verification'

[We’re still developing the Verification process. A newcomer makes three initial trades, and thus becomes a ‘Trusted Trader.’ We look to see some further posts and trades. A couple more trades will get that TT a second star: one-star, two stars . . . up to five.

Then, if a TT wants to be involved in the DVC experiment, they pledge to hold small quantities of bullion, and post several pictures of that bullion (though there are other ways of Verifying).

At that point, all things being equal, that TT will be ‘issued’ with 1 or 2 DVC. There is no cost. The ‘payment’ is that you continue to hold the bullion, and that you be prepared to re-Verify if called upon. This is the ‘distributed vault.’]

Readers, with respect, we make no apologies about the exclusive nature of this project. We expect to develop it into a multi-million-dollar enterprise.

Here are some articles:

http://indiamikezulu.com.au/475/a-nice-simple-explanation-of-dvc/ [the second half of this]
http://indiamikezulu.com.au/452/theory-of-dvc-which-is-hedges/

Please ask any questions you want to. Just PM 'IMZ'

Progress Report, Updated April, 2015

Underway: discussions with the coiners at Dnotes, which might be a suitable stable-mate for a crypto commodity like Uno. (First trades of Dotes for Uno and silver)

Underway: 'coin wholesaling,' in theory and tentative practice, to provide liquidity in the 'core-community' Unobtanium market.

Underway: finding and listing merchants who will give discounts to Trusted Traders -- two so far

Achieved: launch of our independent Website, 'Cryptoguild.com.'

Achieved: first 100-Uno trade (on Cryptoguild). The Unobtanium was sold at a small discount.

Achieved: an independent site for Un-Ex: 'Cryptoguild.com' Huge kudos to cragv.

Achieved: the creation of a new, post-Nxt-wallet 'home' for Distributed-Vault Coin. Huge kudos to cragv!

Acheived: issue of 20th DVC (with 'equity DVC' coming in May)

Achieved: updates of trade-tracker

Acheived: improved confirmation-of-trades protocol

Achieved: first contributions to 'Core-tanium,' a system that provides 'anti-dumping ammo' (in BTC and $).

Achieved: first use of a 'liquidity engine,' which will allow merchants who've received Uno to quickly and easily convert that Uno to cryptos or fiat

Achieved: Direct-Purchase-of-Newly-Mined-Unobtanium Programme: funds to buy newly-mined Unobtanium at a premium are available now.

Achieved: Version One of a 'trade-ticker' that manages the (P2P) trades

Achieved: first ‘P-WIP’ for bullion (Australia) [use of Internet-banking transfer to pay for crypto]

Achieved: first ‘P-WIP’ for crypto (Australia)

Achieved: launch of Distributed-Vault Coin

Achieved: launch of ‘Trusted Traders’ Ratings-system

[Benefactor]

This post is incomplete and outdated.  (No longer maintained to be current.)

.

Thread Index

[Last Updated:  January 26th, 2015. PST]

-

Welcome Blog Post

Explanatory Post #1184

How to use the NXT wallet for Un-Ex DVC

cragv's version of an Un-Ex Development Plan circa February 2015

How to post your DVC precious metals photos  There are additional instructions not in this post.

Step One - Trading on Un-Ex Trade Tracker

How to import private keys into your wallet

How to best support Unobtanium in a typical cryptocurrency bear market

crypto.cat chat instructions

[Benefactor]

[Reserved]

[BitcoinNational]

Un-Ex >> BN's Desk  
UNO-EX / http://tinyurl.com/UNO-EX  
PRO-EX / https://bitcointalk.org/index.php?topic=1140354
http://indiamikezulu.com.au/454/list-of-trusted-traders/
http://indiamikezulu.com.au/452/theory-of-dvc-which-is-hedges/


multiple ALTs for UNO, if your favorite coin not listed just ask me and I might trade it too  
^{I will post any 'time limited' bids/offers at the end of the thread.}

Hours of Operation :: t.b.a

guar·an·ty
noun \ˈger-ən-tē\
law : a formal promise to pay

So I will be under the Law of Honest Men and issue Nouns (the real object variety) - A formal promise to pay "X" coins per 1 UNO


--------------------------------
I. TRADE
 
coins of interest

I will pay paypal for UNO
I will pay BTC for UNO

I will pay UNO for OpenSource
I will pay UNO for SATURN

I will pay DASH for UNO
I will pay POT for UNO
I will pay CANN for UNO
I will pay BLACK for UNO
I will pay RDD for UNO
I will pay NAUT for UNO
I will pay MONA for UNO
I will pay VERT for UNO
I will pay Uro for UNO
I will pay Monero for UNO
I will pay Prime for UNO
I will pay Quark for UNO
I will pay stellar for UNO
I will pay hyperstake for UNO
I will pay NXT for UNO
I will pay NET for UNO
I will pay MINT for UNO
I will pay DmD for UNO
I will pay zeta for UNO
I will pay maza for UNO
I will pay Monero (pending)
I will pay DarkNote (pending)
I will pay btc for UNO
BBQ http://bbqcoin.org/
EXC http://extremecoin.org/
bitSCRYPT http://bitcoinscrypt.org/ http://theotherbitcoin.com/
ZIRK http://zirkcoin.org/ https://bitcointalk.org/index.php?topic=994869.0
FLAX
CHAO
OFF
ctm
GHC
jbs
NAUT
xdq
rzr
p$
open
pop
flo
nanotokens
doubloons
xjo
RIC
MYR
UIS
eags
asia
duo
asic
talk
gb
glyph
smart
global
bet
sex
nobl
cache
via
TIGER
max
start
nu
prime
world
mega
anon
auro
cann
POT
flap
bean


PM for current rates
-------------------------------------------------------

II. CONTRACTS

Also interested in:

*Contracts to Buy* FUTURES
15day/30day/90day fixed rate contracts for NAUT, RZR, STAR, OSC, FRK, RPC 'bundles' that way each party can acquire over longer windows and know a guaranteed rate of exchange.

*'Swaps'*
I will swap my UNO and hold your coin  for XX days.
NAUT, RZR, BCT, POT, CGB, ZETA, Quark, Mega, FTC, LTC, PTS, Doge, BTC, DRK, xmr, vert, RDD, most any coin in the top 70 in market volume.  At the end of XX days we swap back.  

Please list your preferred coins as I may add them.  

*'Hedges'*
In gold, silver, cash and other commodities.

-------------------------------------------------------
III.  INSURANCE

Underwriting
I vouch for and insure any trade up to listed below :
# Un-Ex of Western Australia (IMZ) >> 10 UNO
# Falling Knife >> 10 UNO
# BitcoinCharlie >> 5 UNO
# BeneX  (Benefactor) >> 5 UNO
# and others to be listed in due time

-------------------------------------------------------
^{Holdings on the Record}

UNO operating account     >> uTemK6jwYMvHJCq1XX5cojyisrghKS34yY
UNO Underwriting account >>
UNO fixed reserve             >>

Hedges ::

-------------------------------------------------------
^{Liabilities on the Record}
promissory obligations .. aka .. outstanding guaranty


1. Underwriting @ 30 UNO
2. Contracts to Buy @ NONE/CLEAR


-------------------------------------------------------
^Signature
pending time to figure that out

[FallingKnife]

Added this to the OP of the UNO discussion. Have fun and trade wisely!

[BitcoinCharlie]

Cheers! Looking forward to trading here!

[BitcoinCharlie]

WTB 11 UNO for 1 Ounce .999 Silver Round

US Shipping only please

[IMZ]

Un-Ex
27/08/2014 Western Australia

Price: .004
Daily volume (CMC, most recent last): .15%,.1%,.6%,.12%

https://www.cryptsy.com/markets/view/133
https://www.mintpal.com/market/UNO/BTC

Trusted Traders:

# Wickedsick, one star
# IndiaMikeZulu (Mark), one star
# Edgar, one star
# Falling Knife, one star

Physical-Bullion Sales in Australia:

Any Australian want to buy a 10-oz bar of silver for about $AU 250 worth of UNO?

Mark (IndiaMikeZulu), Australia

[IMZ]

Woo hoo!! I am blown away by this community's energy!!

Trade numbers aren't a bad idea, guys. Prevents confusion if there is a glitsch!

@ Bitcoin National -- yes!! UNO/NXT? Let me get some practice with the wallet.
@ Bitcoin Charlie -- lookin' forward eagerly to details of your venture.

M.

[wickedsick]

WTB 10 UNO for 10 XRM

or 10 UNO for 4 LTC

anyone want trade #1 ?

[BitcoinCharlie]

WTB 10 UNO for 10 XRM

or 10 UNO for 4 LTC

anyone want trade #1 ?

I'll take that action. PM me

[IMZ]

Un-Ex

28/08/2014 Western Australia (Woo hoo! Winter storm!)

Price: .038

Daily volume (CMC, most recent last): .15%,.1%,.6%,.12%,.23%

https://www.cryptsy.com/markets/view/133
https://www.mintpal.com/market/UNO/BTC

Trusted Traders:

# Wickedsick, one star
# IndiaMikeZulu (Mark), one star
# Edgar, one star
# Falling Knife, one star
# Bitcoin Charlie, one star

I will pay .04 BTC for 10 UNO (Trade X003) PM me your UNO address.

Physical-Bullion Sales in Australia:

I can have a 10-oz silver bar in the mail to your street address on the 1st of September (and insured on the way).

Mark (IndiaMikeZulu), Australia

[wickedsick]

WTB 10 UNO for 10 XRM

or 10 UNO for 4 LTC

anyone want trade #1 ?

I'll take that action. PM me

trade complete

[BitcoinCharlie]

WTB 10 UNO for 10 XRM

or 10 UNO for 4 LTC

anyone want trade #1 ?

I'll take that action. PM me

trade complete

Great transaction!

[IMZ]

Trusted Traders:

# Wickedsick, one star
# IndiaMikeZulu (Mark), one star
# Edgar, one star
# Falling Knife, one star
# Bitcoin Charlie, one star

And let Mark's Experiment begin:

guys, I am a pensioner, so my budget is tiny. I have about .6 BTC coming in from our IMZ's last 'buy.' Henceforth, as an exercise, I am gonna try to buy no more BTC through the fiat-banking system!! I shall save my pennies; pay for silver bars to be delivered to Unobtanium community members and others (quite legal), and receive UNO for the bars. Go!!

m

[BitcoinCharlie]

WTB 11 UNO for 1 Ounce .999 Silver Round / Bar

US Shipping only please

Bump

[wickedsick]

another fast trade with BitcoinCharlie!! just bought 20 UNO from him

[BitcoinCharlie]

another fast trade with BitcoinCharlie!! just bought 20 UNO from him

Another great trade with wickedsick!

[IMZ]

Your thoughts on a helpful rating-system, please:

So, five stars is 'no qualms about a trade of 500 UNO or a couple of 10-oz bars of silver'
Four stars is '250 UNO or equivalent'
Three stars is, say, '100 UNO or equivalent in silver'
Two stars is, say, '25 Uno or an ounce of silver'
One star is 'has made at least one trade'

Something like this?

I am not in charge.

m.

[IanRidgwell]

!!

Dropping in to introduce myself. I'm looking for 0.1BTC worth of UNO at some stage in the next few days.

My name is Ian and I've been Mark's crypto-project partner for a few years now. My skills lie in a broad knowledge of IT from system building to website deployment. Cryptographic currencies are a passionate interest that isn't fading any time soon.

On the topic of trust rating. There were a few karma systems that would plug into SimpleMachineForum's without much issue. As it stands there is a Trust marker under the avatar's in posts on the left hand side.

The issue is encouraging the correct use of such a system to represent trust between traders and not 'bro-points' as it where. Perhaps a two factor rating system would be considered. A rating for honesty and another for how many trades.

Might also help to have a traditional 'shit list' for scenario's where trust has been broken, abused or in the case of outright scam attempts.

At some point internal community interactions may preclude the need to be hyper vigilant regarding trust.

I.