InShaneee posted:

because they're all just throwing the letters away. the fun part will be the follow-up from the DOJ

vOv posted:

the idea of receiving a letter from a government agency that says you can't tell anybody about it makes me kinda uncomfortable tbh

vOv posted:

the idea of receiving a letter from a government agency that says you can't tell anybody about it makes me kinda uncomfortable tbh

vOv posted:

the idea of receiving a letter from a government agency that says you can't tell anybody about it makes me kinda uncomfortable tbh

jony ive aces posted:

plus in theory it would have been a better lesson for them for buttcoin to have been left to fade away into nothing rather than having BIG GOVERNMENT intervene. but this way is probably better for laffs (and with no lesson learned it means they can try again!)

vOv posted:

the idea of receiving a letter from a government agency that says you can't tell anybody about it makes me kinda uncomfortable tbh

Alan Smithee posted:

Good to see Mark's priorities are still in order

Ripoff posted:

the idea of the libertarian ideal failing and everyone giving up on it is great but it's been what, like 4 years of scams and outright theft of coins and the people are still believing in it?

i think the sec is just doing a mercy kill instead of letting the pig die by drowning in its own poo poo

Ripoff posted:

i think the sec is just doing a mercy kill instead of letting the pig die by drowning in its own poo poo

The Management posted:

the idea that bitcoiners could derive lessons from any form of failure implies a level of critical thinking and introspection that are very obviously not present in the bitcoin or general libertarian communities. they will always have someone to blame, whether it's scammers, weak hands, or government conspiracies.

you see, the libertarian dream can't fail, it can only be failed.

surebet posted:

BobHoward posted:

um

Vegeta posted:

I would have invested in bitcoin if only I knew how big it wa going to get.

Greyhawk posted:

ur mom said the same thing only it wasn't about bitcoin

quote:

What is URO coin?

Uro is the first cryptocurrency that is backed by a physical commodity Urea (revolutionary), first company to provide this service is GES currently where 1 Tonne of Urea will be exchanged for 1 URO, soon other companies will join in the revolution, its essentially like a bond.

Why use URO coin when we could use bitcoins?

Urea's price is volatile and depends on many factors and so is bitcoin, you cannot peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.

Why would these companies give you $300 worth of Urea for $6?

The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take much btc, and will happen as soon as news of URO coin spreads to importers/exporters

What are the advantages to using URO coin?

Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea


Dev is associated Asiacoin scam?

Dev promoted the revived Asiacoin which is not a scam, however it would not have been his fault had he promoted the original asiacoin, we are all only human and cannot predict the future.

trucutru posted:

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


The thread for URO is 225 pages long.

prefect posted:

i thought the whole thing about cryptocurrency was that they're only backed by how many strawberries you dried out, not an actual physical commodity

quote:

What if you look at this from another perspective. The whole idea of URO as i understood is to create an easier way of transacting between the producers and the users, avoiding speculated prices, large bank fees etc. When taking into account that UREA cannot be stored and needs to be ordered as required, the average cost is bigger than if you could purchase in bulk and creates an even better ground for speculation.
The $ involved in UREA is in millions, so bank fees and speculation prices are costing both sides (the producer and the user) huge amounts of $, we are talking $M here.
Idea of UREA is to avoid these as much as possible.
Question, why would a company take an order for $3.75m with URO that is worth 77K right now?
Well if you flip the coin to another side here:
How much would be saved in terms of $ fees + Speculation in this transaction by both parties?

When the 1st delivery happens and the word is going to spread, more orders are bound to happen.
This will result in increase of demand of URO. As this happens price will increase, maybe not to 0.5, but it will be increasing.
Farmers will want to stock up on URO as the price rises, since they will be saving $ too.
As the market finds its equilibrium the price will start to climb to its real value.
Even if this takes a year to acomplish, this is a hell of a good investment for a large multimillion company.
So you will invest around $3.75m, which if played right, will return savings of a few hundred thousand $ on every large order.
Now calculate how many orders would a multimillion company do in a year, then calculate how much they will save.
An investment of such proportions that can increase in value multiple times within a year and continue growing at this rate for years to come is a hell of a good one in my opinion.
This will be a closed loop that will save everyone a lot of $ and kick out the bank fees and speculation. I think this is quite revolutionary to be honest.
The above are just my thoughts on why a company would invest such an amount of $.
But i still agree that a delivery needs to happen on the 1st order before the price will explode again.

quote:

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

jony ive aces posted:

why aren't there more places just shutting up shop, running with their customers' butts and boarding the next plane to st kitts and nevis

Dr. Honked posted:

horry poo poo etc

AlbieQuirky posted:

St. Kitts and Nevis told the Bitcoiners to gently caress right off, remember? Including saying that people's holdings had to be in actual money or real property to qualify for economic immigration.

MORE CURLY FRIES posted:

and planning to start legal proceedings against the guy saying he would sell st kitts passports for bitcoin

TVarmy posted:

well, he was the first wide release bitcoin jesus. andreas is bitcoin jesus 2.0, and bruce wagner was bitcoin jesus beta. atlas was a gnostic interpretation of bitcoin jesus that is now canonically heretical.

quote:

It’s finally here!

If you are an MIT undergraduate, please sign up to participate in the MIT Bitcoin Project study by completing the initial survey at https://bitcoinproject.mit.edu/.

In order to participate and receive your $100 of bitcoin, you must complete the survey before Sunday, November 2nd at 11:59pm.

MIT undergraduates: email bitcoinhelp@mit.edu if you have any problems or questions. This and bitcoinp@mit.edu will be the ONLY addresses used for official communications related to the MIT Bitcoin Project.

The MIT Bitcoin Club is excited to receive our bitcoin through the MIT Bitcoin Project and we strongly encourage all MIT undergrads to do so too. As noted in the initial announcement last spring, this study will “help MIT continue its long tradition as the preeminent educational institution at the forefront of emerging technologies, and establish MIT as a global hub where Bitcoin-related research, ideas, and ventures are studied, discussed, and developed.”

Please join us in participating!

trucutru posted:

Urea (revolutionary)

trucutru posted:

Urea revolutionary

theflyingorc posted:

edit - for an extra laff, click on the link to the survey

Jabor posted:

Short-term gag orders with a well-defined end date and clear justification as to their purpose are pretty ok. This isn't exactly an NSL we're talking about here.

haveblue posted:

it gave me an mit authentication page, what's the laff

haveblue posted:

it gave me an mit authentication page, what's the laff