Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer

long set of answers

This is my concern and biggest question regarding the entire coin and project. Not many have the capital to hold onto an asset that "might be worth A LOT more in the future." Right now it's too beneficial for someone to just go buy this coin at $6 dollars and sell it to a naive company for $300 and make incredible bank off of the deal, while the other sits on a large investment. At 12500 being the minimum, if the coin never reaches this price of 1 Tonne of Urea, any company making this deal is taking a monumental risk that very well could bankrupt a company. If you could explain why a company would take that much risk, I am all ears. From that standpoint it just doesn't make sense.

It's like me telling you right now that BTC will be worth $10,000 in the future and that's the value you should give to me RIGHT NOW. No one in their right mind would do that and that's where my skepticism comes in.

its not going to take much btc to URO to urea price 500 btc, the company won't make a loss, because they wont sell at a loss, when the importers are finally aware, they will buy URO coin of exchanges bringing the volume, your point about btc doesn't correspond to URO because bitcoin is backed by nothing, so you can't guess its value, whereas with URO coin you will always get 1 tonne of urea, hence you should be expected to pay that much.

But it still makes no sense. You shouldn't be able to get 1 tonne of urea with 1 URO because the the prices don't equal up! It's a $3 million dollar gamble to each and every company who would agree to this! If someone is really willing to put 500 BTC+ to buy it all the way up, people are just going to dump it back down. As long as it's on an exchange it's just not worth the same amount because the dev said so. If right now it was going to ~$300 dollars a coin it MIGHT make more sense, but for now it would be a monumental gamble for a company to accept it as a payment.

Its only a gamble for the first company, after they deliver URO and probably only the first trade is risky, after that the price will correct up, people can dump the price, but if the community informs all the exporters/importers they will start putting money in to buy up the cheap URO coins, its like saying if you saw people selling gold for half price, and it was true, wouldn't you sell your house to buy that even up to a 10% discount price.

Yes, it's a HUGE gamble for the 1st company! They are essentially giving $3.75 million dollars worth of product for coins which equal $75K today. No one else sees this as a problem? You keep saying, "the price will correct", "it will go up to 1 tonne = 1 URO." No business in their right mind would make a deal like this based on nothing more than basic speculation.

But its not speculation if they deliver on their order, the price is bound to go up, so its not a risk, its certainty

I dont think the companies agreeing to it would have been able to predict the shitstorm that uro got hit with. TBH if theyre busy companies they may not even be checking the price. maybe a wallets running somewhere in their office to accept payment and theyll deal with it later. also they not be contractually obligated but it'd look like hell if they tried to cash in that 12500 uro they recieved as payment before delivery. I think some people suggested an escrow service, but no one form big business is trusting anyone here with 3.7 million.