Re: [ANN][URO][X11][BITTREX] Long Term Currency Backed by 1 Million Tonnes of Urea
I don't understand, you want to create a digital asset for the exchange of this urine, i mean, urea. Why are you allowing any nerd with a computer to farm it? shouldn't this asset be given to those that already have urea?
I think I'm missing something key here.
If someone mines for 3 minutes and happens to find a block... they now own the equivelant of 12 metric tonnes of urea?
...
are you effin kidding me?
Can you explain your reasoning behind this distribution? why isn't the block reward like .000001 metric tonnes?
and if these are to be used by the urea industry to trade urea, why are these being given out to cryptocurrency miners?
How do urea holders/traders benefit from this system? Won't they first have to BUY the URO from crypto miners just so they can trade in urea?
I understand the need for a distributed urea market. But why are you just giving these coins away if they are to be backed by a metric ton of this shit?
I think I'm missing something key here.
If someone mines for 3 minutes and happens to find a block... they now own the equivelant of 12 metric tonnes of urea?
...
are you effin kidding me?
Can you explain your reasoning behind this distribution? why isn't the block reward like .000001 metric tonnes?
and if these are to be used by the urea industry to trade urea, why are these being given out to cryptocurrency miners?
How do urea holders/traders benefit from this system? Won't they first have to BUY the URO from crypto miners just so they can trade in urea?
I understand the need for a distributed urea market. But why are you just giving these coins away if they are to be backed by a metric ton of this shit?
Can you explain your reasoning behind this distribution? why isn't the block reward like .000001 metric tonnes? Why isn't it 0.0000001 kg? We made the choice because we feel it is the simplest and best amount
why are these being given out to cryptocurrency miners? Miners are being paid to run the network - just like Bitcoin - which is worth $650 USD
How do urea holders/traders benefit from this system? Won't they first have to BUY the URO from crypto miners just so they can trade in urea? Amongst many other advantages, Uro allows the Uro Foundation to donate Urea to the really needy farmers - without the problems of misspending on other goods if they granted cash - or Urea disappearing in the middle of the supply chain to corrupt officials
This post does not include calls/emails/official correspondence letters from the heads of these companies.
Please respond with those instead of going into bat-shit crazy territory.
i've a feeling you're not going to get that.
Press Releases will be made by the member companies themselves on Monday (09/06/2014) at the ratification of the Urea Protocol.
raskul: Please present evidence that I am lying, or otherwise stop you defamation. Everything I have written on this forum is true.
Please present evidence that you're not.
majeis: I can arrange for calls/emails/official correspondence letters from the heads of these companies - what would you like?
This post does not include calls/emails/official correspondence letters from the heads of these companies.
Please respond with those instead of backpedaling.