Quote from: a3tje on July 10, 2014, 02:27:58 PM

Quote from: davisgreen on July 10, 2014, 02:21:01 PM

Quote from: bitcoinwonders010 on July 10, 2014, 02:06:49 PM

Quote from: davisgreen on July 10, 2014, 01:56:11 PM

Quote from: bitcoinwonders010 on July 10, 2014, 01:11:22 PM

when people calm down and think, they will know why 1 URO is not worth 1 metric tonne of UREA. for it too be worth 1 metric tonne of UREA there has to be 1,000,000 tones of it which is the max coins.

Just a simple Google search for worlds total urea production will tell u that

Heres a little screenshot for u

World Urea Supply/Demand Balance (million metric tonnes urea)
Supply 2012 2013 2014 2015 2016
Capacity 192.4 202.8 207.4 224.3 226.1
Total Supply* 165.9 173.7 180.3 189.7 195.0
Demand
Fertilizer Demand 143.3 146.2 149.4 152.7 154.4
Non-fertilizer Demand 19.0 19.7 20.7 21.1 21.7
Total Demand 162.3 165.9 170.0 173.8 176.1
Potential Balance 3.5 7.9 10.3 15.9 19.0 % of
Supply 2% 5% 6% 8% 10%

So uro wont even cater to 1% of that

answer this does that mean uro coin owns all the urea in the world, uro is a currency not a company/commodity, if make gold coin does that mean the value of each is worth a real gold coin

I dont understand which part you dont understand- first you ask something- i am telling you that worlds total urea supply is 180 MILLION metric tonnes and uro is only 1 million supply.

uro is just an alternative currency to buy urea - and the companies who signed the uro protocal have committed to supply 1 mt of urea with 1 uro ( minimum 12500 mt order). So which part you dont get.

If some one is giving 1 gold coin for 1 oz of gold in reality then 1 gold coin will eventually have the value of 1 oz of gold. yes

Why would ANY company be doing this, when you can buy Urea cheap and sell it high :S

I have been posting this same question before, which company has signed the agreement and what is their % of total world supply?

Besides this, is there ANY company outside India that has signed this agreement? I do see advantages for the company's that now sell to middleman (mainly company's based in India) as they can generate more profit / income. However why would ANY western company be signing the agreement???

Cause uro as an alternative payment method for urea makes the commodity trade more efficient saving somewhere around 150,000$ in bank fee alone for one shipment and the time delays. you should go read all of this http://urofoundation.wordpress.com/

Thanks for stopping by though.