Guys, it's not a complicated concept.....
All it takes is one wealthy investor to buy 12,500 uro coins, use them to purchase 12,500 tons of urea and then sell that urea for a multi-million dollar profit.
What's the next thing that investor would do? Well obviously they would go rush to buy another 12,500 coins so that they could buy more urea and make another killing. But as they rush to buy coins, what happens to the price?
Then more investors become interested, and on and on....
It's not wishful thinking, economics 101.
Once things are established - i think 1 uro can go higher than the urea/ usd price as using uro will save in thousands of bank fee (which of course will get you more urea) and will reduce the time delay in clearance of funds internationally and stuff. Time=money
But for all this to happen, there need to be all the infrastructure and uro eco system in place where the actual users of urea have started purchasing urea with their uro certificates for their next season urea supply.
Where will the incentive be to produce the Urea itself? If you can create urea from a computer algo the benefit to party A has to be the same as party B.
Are any economics people in the house that realize you are creating a fiat currency in crypto. The thing crypto wanted to avoid? Your centralizing the market to a group of urea investors. Who, in the pump of this all are supposed to take a 99% loss selling it for the "ease" of uro coins, rather than the open market price, which has no problem being accepted. The margins are already in urea pricing, so that business can make profit at the current price points.
Margins on urea are not greater than 99%. So ask yourself. If you are a business selling a product with a large market, where liquidity is NOT an issue. Would you take a 99% loss to use a coin like uro? What are the benefits of URO over say bitcoin? Name? A centralized organization? I really love the idea of a commodity backed crypto. But im sorry, this one doesn't look to be it.
This is a great read about the mentality of investors who do well and others who don't. Everything revolves around your reward mechanism. Seems like a lot of bubble sounding talk goin on. How this coin will go up 100x in value to meet urea price. But simply put.. It doesn't add up.
http://www.businessinsider.com/the-brains-of-great-traders-2014-7?utm_source=mobilesrepublic&utm_medium=referral&utm_term=mobilesrepublicI do wish you all the best. A commodity backed crypto done the right way could be a exciting.
Be careful trying to make sense here, this is a place where delusional greed and denial rule and rational thought is drowned out.