uro

<buymoko> Ok. This is my analysis on what might happen in the coming days. GES I think have brilliantly commandeered this to benefit everyone. But please this is just based on my own research and analysis and in no way be taken as an advice for you to invest in URO. Still do your own due diligence. And again I say I don't want to be responsible if you lose m
<buymoko> oney neither do I if you make a ton.
<ared> buymoko: will be good if u can detail a timeline of events that has happened and will be happening, to connect the dots for idiots who dont do research
<buymoko> First, look at this press release by GES last July 10.
<buymoko> http://greenearthsystems.com.au/world-first-by-green.../
<buymoko> Second, take a look at this tweet by GreenMarkets.
<buymoko> https://twitter.com/GreenMarkets1/status/487234810419507200
<buymoko> Third, the other day India Potash Ltd. post a tender mentioned in the tweet above.
<foerest> bohadnsome
<buymoko> http://www.indianpotash.org/Tenders.php
<buymoko> http://www.indianpotash.org/downl.../pdf/TENDER8.7%20001.jpg
<buymoko> Please take note that the tender date was released July 8, 2014, while Uro Protocol goes into effect a day after last July 9 ,2014. Is it coincidence? Please take note that in the tender documents the commodity should reach the port by August 31, 2014 or there will be penalty. So there
<buymoko> is an element of time pressure to deliver the commodity as soon as possible.
<buymoko> Now how will this play out. Here is my forecast of what might happen.
<buymoko> read the tender document
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<Bohandsome> We're introducing a new concept of currency.. Imagine if someone explained this to a business man who knew nothing about bitcoin
<{WRA}GoudaCoin> buy doing all the mined uro coming will be worth 300 a coin?
<buymoko> it is the day of the bidding by IPL
<Bohandsome> They may not even know how to buy bitcoin and trade
<Bohandsome> plus its still early
<Bohandsome> It took 3 months to convince those suppliers to get on board
<buymoko> after the July 16th they have 45 days to get the urea to india port
<buymoko> thats 1 million metric tons.....now if 1 metric ton = 1 uro and there is only 300k uro now in the market
<bonobo> When you need to buy large amount of goods, you need to plan for logistics and other RED Type before BOSS approve. Therefore, they really time before any news purchase order will be raise.
<buymoko> what will happen?
<ared> 1 uro = 1.5 BTC\
<ared> inflation
<buymoko> no.....cannot
<amenhotep> nah it won't go far above the urea price
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<buymoko> becuase 1 uro is only 1 metric ton = 297 usd
<ared> ok 0.5 btc buy walls
<buymoko> at current market price
<@cuttlefish> Earnest money of 3 usd per ton
<ared> 0.4 btc buy walls then
<@cuttlefish> that's from the tender document
<Bohandsome> well I'm not really Bohan, I was just being funny
<@cuttlefish> that's around market price of uro now
<RedStallion> well then they won't use URO to pay for the whole million
<Bohandsome> @true-asset should be able to answer that though Sp3nd3r, and I hope he does because I have the same question
<@cuttlefish> they' can't
<buymoko> they can...how?
<@cuttlefish> only 300k uro
<RedStallion> if its recycled
<RedStallion> a lot
<RedStallion> which seems unlikely
<buymoko> The importing company in this case the one who will really supply IPL is Rivaa Export Ltd. And the exporter supplier will be GES HK. Rivaa Export will buy all the UROcoin available in the market in the coming days. They need 1 million UROcoin as the tender is 1 million metric ton of Urea. But the available coins in circulation is currently at 300 t
<buymoko> housand only. This will force the coin to move up in value near or equal to the price of 1 metric ton of urea. The coins accumulated by Rivaa will be paid to GES in chunks of maybe 10K to 50K. Almost all coins now in circulation will now be in GES hands. GES will put a sell order of this coins in the market so Rivaa can buy more coins needed to com
<buymoko> plete the payment of 1 million metric tons. GES in return gets BTC. Lots of BTC, forcing BTC price to rise. In the meantime miners and speculators also have their BTC which also force the price of BTC to become higher even more. Cycle continues until Rivaa paid for the whole 1 million metric tons. GES get tons of BTC. And when fully paid ships the
<buymoko> 1 million tons of urea to India.
<Bohandsome> whoa.. flood
amenhotep> URO was purposefully made to have only a fraction of the world supply to ensure it would remain an actively liquid certificate for the commodity instead of stagnating in the marketplace
<foerest> i am pretty sure the answer was nothing is.... but I could be wrong
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<buymoko> So who will be the winners? First Rivaa because by now they might be buying cheap URO in the market and their cost per metric ton is very low. In addition they avoid paying hefty bank charges. Plus fast turnover. Second, we the miners and speculators because we have sold our URO at a premium. The biggest winner of all is GES. They get tons of BTC f