Post
Topic
Board Announcements (Altcoins)
Re: [Moderated] [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea
by
hobopete
on 15/07/2014, 23:28:12 UTC
For me this is the last piece of the puzzle. I now know who the end user of this commodity is and how it will be distributed. They are selling the urea to the Indian government agency, who then resells it to the farmers. In order to protect their domestic urea production, India requires that  the contracts be filled by an Indian company. An ESTABLISHED company, not just a start up made to circumvent the regulations. GES  has access to cheap chinese-made urea from the many new plants they are bringing online. India has the largest amount of land under cultivation in the world. Rivaa is an established and respected company. They are using uro as a tool to bypass the government regulations. Once the uro is circulating within their network, it will not come back onto the market except for a token amount needed to legally prove it to be a decentralized medium of exchange, should their use of it be challenged in court. Ever hear of time is money? In this case, it is so true. This will allow them to have their ship in port and unloaded before the competitors have gotten through the layers of approval from 3 sets of government regulators. Their actions will probably result in new regulations eventually, but politics takes time and I'm guessing that rivaa has plenty of lobbying power on hand already. In the mean time it's worth many millions to them to  deliver on these contracts. Any other company that wants to compete on even terms will have to buy uro on the open market at whatever price is asked. And the end users will probably get a little better price than they have been, so no lies here, they just didn't want to advertise finding a way to take advantage of government subsidies. I say again, it's brilliant. And perfectly legal, if not quite what I would consider ethical. The next few days might be the last chance to buy uro at any price. My advice- don't spend the rent money on it, but if you were planning on a new tv, might wanna wait a bit for that and grab some cheap uro while you can.