Unobtanium: established, rare, stable

[IMZ]

Hey, crypto folk!

Let the stats do the talking!!

Coin: Unobtanium
Basic Stats: 'long-term' POW. No inflation.
Price stability: http://coinmarketcap.com/currencies/unobtanium
Dev: still on board
Android wallet: yes (prototype)
Quality of community? Come and see for yourself!

https://bitcointalk.org/index.php?topic=527500.new#new

Mark (IndiaMikeZulu), Australia

[BitcoinCharlie]

+1

[IMZ]

Btc Charlie!! My trader, Ian, and I -- 'IndiaMikeZulu' (with some others) -- are big on theory. I bet you and I agree that 'pegged' and 'backed' coins don't work/are actual scams. (Check URO coin -- ?!).

So, can you create a real decentralised and maintenance-cost-free 'backed' crypto?

Well, just to whet your appetite:

we have a white paper on 'Omega Coin,' which would exist non-cryptographically for several years, during which time a trust-group would 'incrementally mint' the 'coins' (kept on an Internet 'Register'), before a cutting-edge coin was created, at which point the shift from non-crypto to crypto would be undertaken. The slow-release of coins (doled out by random number generator) serves to allow the community to develop. The coin isn't a speculative vehicle. It makes no sense to scammers or to coiners who couldn't be bothered participating. So, when the cryptocoin is actually launched, the coin is already a success.

[If the idea of a community shifting holus bolus from one coin to another sounds nuts -- DOKDO recently did it, and IndiaMikeZulu was involved.]

Next: we have had in circulation for 10 months a physical alternative currency backed 50/50 by cryptos and bullion. It is Proof of Concept. The coins exist physically, but they are more like a bearer bond: they just sit until they are cashed. But . . . we sold the whole $1750 worth in two days, in-house.

So, let's theorise: Coin A is small, with a dynamic community. It develops 'national chapters,' which allows fiat to be used to buy bullion from bullion dealers in that nation, and then shipped, with insurance, around that nation, to Coin A people, who then pay for the bullion with Coin A.

Note that although this reduces the possibility of day-trading, it also creates what we call a 'Byways Model,' Charlie. There are highways and byways. The Byways Model is quite legal; but it constitutes a significant shift to the goal that many of us envisage: displacing fiat currency from its present role as 'gatekeeper.'

(Now you can think about why I want to become involved in mining, would even buy UNO at a small premium to secure a supply of coins-purchased-without-involving-banks. Check Forgecoin. [I trade on NXT's SAE] Forgecoin is clearly crap -- but what if a community were disciplined enough to create a break-even in-house equivalent?)

So, if you had just three or four people in a national chapter who actually knew each other -- even had face-to-face meets to trade bullion-crypto-bullion -- then you could get each of them to bury $1000 of silver in the back yard . . .

We have theorised it way past this point!!

m.

P.s.: my enthusiasm to understand the one-crypto-can-buy-anything-that-another-crypto-can-buy system now makes sense: it could provide high-volume for a coin that was necessarily small-cap in order to maintain the pivotal trust-networks.

[IMZ]

I re-re-re-crunched the numbers last night. Of the Top Sixty Coins on Coinmarketcap, only one -- Mona Coin -- is 'above the mark' since Bitcoin's inflection point of April 10.

But Unobtanium is number two . . . and it is better established, and it is uniquely stable. There is no better 'home coin.'

Mark (IndiaMikeZulu), Australia

[BitcoinCharlie]

I re-re-re-crunched the numbers last night. Of the Top Sixty Coins on Coinmarketcap, only one -- Mona Coin -- is 'above the mark' since Bitcoin's inflection point of April 10.

But Unobtanium is number two . . . and it is better established, and it is uniquely stable. There is no better 'home coin.'

Mark (IndiaMikeZulu), Australia

Agreed, I need to read your above post. Sorry for the delay!

[IMZ]

Morning, readers. Come and check out the Blue Crypto Awards: here

And please feel free to ask questions: here

Mark (IndiaMikeZulu), Western Australia

[IMZ]

2015 will see a fabulous 'shakin' down' of altcoins. 25% of coins on Coinmarketcap are presently 'circling the drain.' The well-designed established coins will begin to make sense to crypto geeks -- ya gotta have a 'home-coin.'

Unobtanium is one year old next month, and it will have a halving. Would you invest in this crypto-commodity?

Check the stats: http://coinmarketcap.com/currencies/unobtanium/

Mark (IndiaMikeZulu), Australia

[IMZ]

800 views . . . no replies!

Question: IndiaMikeZulu followed with interest and concern the Indian Government's 2013 Clumsinesses with Bitcoin. What do you guys think of the Bangladeshi ruling?

Mark

[IMZ]

Gee, Unobtanium has risen a sustainable 100%.

Mark (IndiaMikeZulu), Australia

[IMZ]

1629 views!!

Unobtanium's birthday today. Rare, fair, stable. Small talented dynamic community.

Here's the 365-day chart: http://coinmarketcap.com/currencies/unobtanium/#charts

Mark (IndiaMikeZulu), Australia

[IMZ]

Well, I'll leave it at that. Check CMC this time next year.

My humble prediction: while hundreds and hundreds of other p-n-d coins fade away, Unobtanium's price will steadily rise: it's rare.

{Just got its first Uno-bullion dealership. Got a fiat-Uno portal in the works.)

Mark (IndiaMikeZulu), Australia

[BitcoinCharlie]

Well, I'll leave it at that. Check CMC this time next year.

My humble prediction: while hundreds and hundreds of other p-n-d coins fade away, Unobtanium's price will steadily rise: it's rare.

{Just got its first Uno-bullion dealership. Got a fiat-Uno portal in the works.)

Mark (IndiaMikeZulu), Australia

India loves gold, UNO for Gold and vice versa!

[FallingKnife]

UNO is now traded on Bleutrade, Cryptsy, Bittrex, Allcrypt, Comkort and Coinbroker.io

An active group of UNO inhouse traders barters Uno on trust at https://bitcointalk.org/index.php?topic=757232.620