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  1. [17:16:30] <cryptoweather> running the twitter or not he definitely is a professional in the industry. Every related question has come up with an educated answer.
  2. [17:17:13] <shakinhandz> agreed
  3. [17:17:14] <darkpill> The website he made is good, contract is good, proof of existence etc.but I think he has more of a clue than GES
  4. [17:17:30] <shakinhandz> I think that would be an important question to ask
  5. [17:17:32] <cryptoweather> if you consider the cost to procure urea was 100k just to send the money and have it verified. they stand to gain a lot if the Uro keeps coming back to them.
  6. [17:17:42] <shakinhandz> absolutely
  7. [17:19:12] <cryptoweather> I don't mind business reasons for making this happen we need those ppl in this world, I do hope it benefits farmers in India and elsewhere unlitmatly. The spectrum of farmers in India is crazy from literally ox and cart to large corporate operations.
  8. [17:19:32] <darkpill> yep that's my motivation
  9. [17:20:03] <darkpill> If it was a scam how word it work?
  10. [17:20:17] <darkpill> *would
  11. [17:20:20] <cryptoweather> I am honest enough to say I'd love to make a ton of money and hell yea i'll donate a few tonnes of urea to a few farmers from time to time!
  12. [17:21:47] <darkpill> So the price will fluctuate until industry insiders and then later farmers buy in?
  13. [17:22:27] <cryptoweather> If it was a scam... someone bought 40k Urea the other day on trex, the order book is currently very very thin on the sell side. I mean tinder box thin. It would be easy enough to cause a panic near the 9th of July, have a few bought trolls say they received the Urea and then dump 40k Uro at $100 +
  14. [17:24:29] <darkpill> I never thought of it in those terms, that's a lot of money
  15. [17:25:27] <cryptoweather> but at this point we know his name, and one of his bosses names. I found one on Linkden haven't looked for true assets. I can't remember a dev on a coin letting ppl know his name. At this point on the Uro Foundation page they need to have their personal profiles and picture of some of their current operations.
  16. [17:25:53] <shakinhandz> yes that would help, and honestly I believe they would get media coverage
  17. [17:25:55] <shakinhandz> if they did that
  18. [17:26:09] <shakinhandz> the first company to offer a cryptocurrency to purchase their products 1:1
  19. [17:26:21] <cryptoweather> if this is the real deal it's massive, the media would go nuts.
  20. [17:26:23] <darkpill> The GES website is terrible though
  21. [17:27:33] <darkpill> I hope they have a good front man for media interviews
  22. [17:28:50] <cryptoweather> I just looked at Cargil's it's not much better...
  23. [17:30:28] <cryptoweather> I'm going to venture that this business is a network of personal relationships that have been passed down, how many farmers use the net to find out where to buy fertilizer locally. They just know...
  24. [17:31:24] <darkpill> would think so, but that UreaIndiaTrading website looks bogus
  25. [17:32:05] <cryptoweather> speaking of media, there phase two I believe has a marketing drive. it would be nice to see what they are working on. If the crypto world has one thing it's some very good designers i'm sure some ppl would love to pitch in.
  26. [17:32:57] <cryptoweather> dark what is the link?
  27. [17:33:07] <darkpill> yeah they should get more people involved, although I think the URO website is very good
  28. [17:33:32] <cryptoweather> Uro site is nice, just needs a human face to it.
  29. [17:33:52] <shakinhandz> Have to remember that the agriculture industry, as most industrials are, are not overtly concerned with their online prescence
  30. [17:34:01] <shakinhandz> Maybe this guy is trying to change that
  31. [17:34:54] <darkpill> http://ureatradingindia.in/
  32. [17:36:03] <darkpill> What I don't get is how URO can help farmers get urea cheaper
  33. [17:37:46] <darkpill> there has been talk of them buying it when its cheap and holding it, but I would imagine they live a hand to mouth existence
  34. [17:38:38] <cryptoweather> it would help the wholesalers cut the cost of purchasing. It doest mean they will pass it on. It's already subsidized anyhow. if the farmers can't cut out certain chains in the system then how is a good question.
  35. [17:38:39] <shakinhandz> well they said they would create local distributors
  36. [17:38:55] <shakinhandz> and try to implement like local stations where they could buy fractions
  37. [17:40:50] <darkpill> until an economy is established, it would be holly dependent on the centralized foundation, I think they need more members
  38. [17:41:34] <cryptoweather> he has definitely mentioned broadening the membership "aggressively."
  39. [17:41:50] <darkpill> ok that's good
  40. [17:42:16] <darkpill> afk: back at 23:00
  41. [17:42:30] <cryptoweather> yo
  42. [18:02:38] <true-asset> sorry everyone, got the time wrong
  43. [18:02:41] <true-asset> here now
  44. [18:03:15] <darkpill> hello
  45. [18:03:32] <true-asset> brb 1 min
  46. [18:05:04] <true-asset> Okay I'm back - what did I miss?
  47. [18:05:27] <true-asset> reading stuff from the last hour...
  48. [18:05:39] Nakowa (~xcare@46.115.10.112) joined the channel.
  49. [18:05:43] bigbubble (2a6802ba@gateway/web/freenode/ip.42.104.2.186) joined the channel.
  50. [18:06:25] <cryptoweather> hello
  51. [18:07:16] bigbubble_ (2a6802ba@gateway/web/freenode/ip.42.104.2.186) joined the channel.
  52. [18:07:56] <darkpill> true-asset, if you can read the last hour, you'll have a pretty good idea what we are thinking
  53. [18:08:39] <cryptoweather> Thanks for making this happen True-Asset. can you describe your business with urea, shipper, supplier , wholesale? I can see on Alibaba for instance that I could order 1ton of urea 46%
  54. [18:09:03] <cryptoweather> you stated that the minimum was 12500 tonnes.
  55. [18:09:23] <darkpill> 12500 tonnes.is a ship full
  56. [18:10:03] bigbubble (2a6802ba@gateway/web/freenode/ip.42.104.2.186) left IRC. (Ping timeout: 246 seconds)
  57. [18:10:11] <cryptoweather> 12500 for the most efficient and cost based order?
  58. [18:10:33] fiftyseven (~fiftyseve@41.119.171.108.client.dyn.strong-in106.as13926.net) joined the channel.
  59. [18:10:40] <true-asset> Yes, one typical cargo vessel stores 12,500 MT of "bulk" product in the hull
  60. [18:11:17] Nakowa (~xcare@46.115.10.112) left IRC. (Ping timeout: 264 seconds)
  61. [18:11:22] <true-asset> The Uro Protocol establishes a baseline for Uro, it is not the end, but a means to a beginning
  62. [18:12:39] <darkpill> What are your expectations for attracting new members to the Foundation?
  63. [18:13:05] <true-asset> With the protocol we now have legal coverage of the import/export international component of the Urea trade. The next stage is at the wholesale level.
  64. [18:13:29] <darkpill> so new protocol?
  65. [18:14:00] <true-asset> Our efforts are concentrated on decuring a few wholesalers first - then we will seek to bring more NIERs on board - especially in country yet to be represented.
  66. [18:14:43] <darkpill> what law can the protocol be enforced under? i.e. international or local trade law?
  67. [18:14:44] <true-asset> Our efforts are concentrated on *procuring a few wholesalers first - then we will seek to bring more NIERs on board - especially in country yet to be represented.
  68. [18:14:54] <true-asset> Both
  69. [18:15:15] <darkpill> what's the incentive for the wholesaler?
  70. [18:15:30] <cryptoweather> so just to clarify your not trying to make an international standard payment method, but a recognized payment method amongst 'joined' members.
  71. [18:16:02] <true-asset> Well, all three I should say: law at the port of origin, international law, and the law at the destination port
  72. [18:16:58] <true-asset> We are making a standard payment method - Uro is a open source, open platform, decentralized network like Bitcoin
  73. [18:17:30] <true-asset> There is, no restriction on its use - and we can;t even enforce such a restriction even if we wanted to
  74. [18:17:42] <wasobot> true-asset: will there be interview with representatives of the board members ?
  75. [18:17:56] <true-asset> the Uro Protocol has been made very generic - and its is open for signing by all
  76. [18:19:13] <true-asset> Yes there will be an interview - we want to do the first one with CoinDesk - its got the most votes. We are drafting up an email to them - might fit a petition in - part of the main work today for the Uro team
  77. [18:19:13] <darkpill> yeah who will do the media interviews?
  78. [18:20:02] <darkpill> To be honest I don't think you need to worry about media, if you get the trade aspect right everythingelse will follow
  79. [18:20:31] <wasobot> true-asset: i propose a youtube channel, where you can upload videos of the board memebers walking through the infrastructure
  80. [18:20:40] <true-asset> Probably all the board members - but time zone issues may mean that separate interviews will have to be done.
  81. [18:21:03] <cryptoweather> I agree with wasobot that would help.
  82. [18:21:23] <darkpill> I think you need agood front man /face, who would be your choice?
  83. [18:21:33] <true-asset> THe Youtube channel is a good idea - we have one planned for the education side of things - but of course can fit some interviews too
  84. [18:22:16] <wasobot> interviews plus show of things, like the whole process
  85. [18:22:32] <wasobot> and also get people behind this, not just company names and webpages
  86. [18:22:39] <wasobot> but faces, voices
  87. [18:22:51] <cryptoweather> hypothetically, july 9th passes and Uro hasn't met expectations in terms of price pairing. what then?
  88. [18:23:10] <darkpill> good question
  89. [18:23:12] <true-asset> Yes the interviews will show people of course, and Foundation web page will be updated with personell profiles
  90. [18:23:29] <cryptoweather> excellent
  91. [18:24:09] <cryptoweather> a group shot of the team also! you said there were ppl working on this.
  92. [18:24:22] <true-asset> The first few order may very well be at a loss - but these orders will most likely drive the value up to the right level - since the news of cheap Urea will travel fast
  93. [18:25:27] <cryptoweather> this is a multimillion dollar risk for your foundation correct?
  94. [18:25:55] <true-asset> However, it would be preferable to simply have to value close the the cost of Urea by then - hence why we want as many people to get involved as possibile - to spread the word via the media and other means.
  95. [18:26:48] <cryptoweather> max keiser show would really help
  96. [18:26:49] <true-asset> Regarding risk - one shipment is worth over $3 million USD - so yes
  97. [18:26:49] <darkpill> Are you mining?
  98. [18:27:24] <cryptoweather> wow
  99. [18:27:29] <true-asset> Yes, I have to mine - for network protection at the least
  100. [18:27:42] <darkpill> 12500 tonnes = 3m?
  101. [18:28:05] <true-asset> 12,500 x 300 = $3.75 million USD
  102. [18:28:11] <cryptoweather> 3.75mil at $300
  103. [18:28:21] <cryptoweather> ....:)
  104. [18:28:47] <true-asset> cryptoweather: you got contacts with Keiser?
  105. [18:29:45] <darkpill> Are the members good at interviews and versed in crypto?
  106. [18:29:52] <cryptoweather> no:( ask twitter someone may know. as shitty as his coin is Payu harris of mazacoin would have it
  107. [18:30:41] <bigbubble_> Your initial clients would have to buy URO with BTC for now. That can be a hassle for them. Any fiat exchange in the works? if yes whats the eta?
  108. [18:32:06] <darkpill> Some other coins are planning fiat exchange built into the wallet, no?
  109. [18:32:12] <true-asset> Fiat exchange is difficult issue - because of the deep connections the companies have with banks - people that have been involved with commodities will understand what I mean by this
  110. [18:32:37] <cryptoweather> this is Payu's email. kimitsugroup@gmail.com he was on the show in DEC
  111. [18:32:55] <darkpill> Wouldn't bother with Payu
  112. [18:33:04] <true-asset> The keys is not to alienate us from banks - like the way Chinese BTC exchanges got isolated from the Chinese banks
  113. [18:33:10] <cryptoweather> he answered me when i emailed him.
  114. [18:33:20] <true-asset> BTC purchasing is becoming easier
  115. [18:33:25] <darkpill> Keiser will ask as soon as it is on his radar, and if he doesn't we can push it on twitter
  116. [18:33:51] <cryptoweather> true, he may have a handler that could fast track it though
  117. [18:34:10] <true-asset> For example, we are working on an app using API integration with CoinJar and Coinbase - to allow fiat _> BTC -> Uro in a fast tracked way
  118. [18:34:35] <darkpill> wow
  119. [18:34:52] <true-asset> this will take care of US and AU - HK has similar infrasctructure via ANX which we are looking into
  120. [18:35:31] <darkpill> is your tem all GES, is this personal project or part of your work with GES
  121. [18:35:38] <bigbubble_> good to know!
  122. [18:35:47] <darkpill> *team
  123. [18:36:08] <cryptoweather> very cool, graphic updates of things your working on will go help stir interest. don't hold back on anything that gives legitimacy to the project. post it on the forum!
  124. [18:36:35] <true-asset> But more to the point - direct sales/dales through wholesalers of preloaded paper wallets (will probably be called "Urea certificates" for learning curve reasons) will be the main way Farmers get their hands on Uro
  125. [18:36:40] <darkpill> but post it in stages to sustain interest
  126. [18:37:04] <cryptoweather> agreed dark
  127. [18:37:28] <true-asset> ok
  128. [18:37:48] <darkpill> what is the incentive from perspective of farmer/wholesaler?
  129. [18:38:31] <true-asset> Hedging risk and access to a reasonable price for Urea are the main two
  130. [18:38:53] <darkpill> hedging risk?
  131. [18:39:54] <true-asset> Hedging/futures - these are outlandish terms for a typical farmer - but if you teach them that they can get their "Urea certificate"/Uro today so that next seaons they are gauranteed their fertilizer - that is something they can understand
  132. [18:40:26] <darkpill> but don't many of them live a hand to mouth existence?
  133. [18:40:46] <true-asset> Their will be donations too of course - all the future donations will be done via Uro
  134. [18:41:04] <cryptoweather> really, that's a lot of $$
  135. [18:41:27] <cryptoweather> like 10's of millions potentially
  136. [18:41:50] <darkpill> yeah it would be good to do a large donation to a particularly vulnerable community.
  137. [18:42:08] <cryptoweather> sorry thought you meant proceeds from "futures" ... my bad!
  138. [18:42:29] <true-asset> I do not have first hand experience as a farmer but have been told by others in the team that things are geeting worse for smaller farmers - Uro can help even the playing field
  139. [18:42:59] <true-asset> Think of its like the effect of e-commerce of brick and mortar mega stores
  140. [18:43:25] <true-asset> before e-commerce - large stores get all the best deals, smaller stores getting weeded out
  141. [18:43:41] <true-asset> then e-commerce arrives - big sotres laugh it off
  142. [18:44:29] <true-asset> then e-commerce thrives - some smaller players embrace it - achieve much closer level of compeition to major stores
  143. [18:45:24] <true-asset> fast forward 20 years - now the old incombent brick and mortar super stores are either embracing e-commerce of restructuring
  144. [18:45:29] <darkpill> so what do you consider ar the main obstacles to adoption?
  145. [18:45:57] <true-asset> Education is always the key difficult - thats my experience
  146. [18:46:13] <true-asset> its is very difficult to get anyone to understand that is happening
  147. [18:46:14] <cryptoweather> so within the urea trade there is a need amongst smaller players to revolutionize the system and attract control back to a distributed network?
  148. [18:46:21] <true-asset> but we are getting better at it
  149. [18:46:47] <darkpill> technological?, but what about government inteference, regulations etc. any problems there?
  150. [18:47:16] <cryptoweather> haha how about just thugs in rural india let alone gov...
  151. [18:47:19] <true-asset> Actually, the current regulator framework is okay, as far as legal informs me
  152. [18:47:40] <darkpill> i.e. BTC exchanges etc?
  153. [18:47:59] <true-asset> its because Urea is a standardised commodity - so tarrifs are applyed on quantity of goods and specs - not on invoice value
  154. [18:48:33] <true-asset> In fact I have been told shipments have been processed with missing invoices in the past - just based on the SGS chemical analysis and weight
  155. [18:49:00] <true-asset> We do not want to go through the same headaches as the BTC exchanges
  156. [18:49:21] <true-asset> Our approach is to leverage the API of existing exchanges
  157. [18:49:28] <cryptoweather> can you describe how the wallet will handle the transactions and invoking etc?
  158. [18:49:42] <cryptoweather> *invoicing
  159. [18:49:44] <darkpill> probably best to focus on other countries equally in case BTC regulation destabilizes URO, assuming South Africa, but where else?
  160. [18:51:22] <true-asset> So we talked about a customised SPV wallet, the first feature is an easy one step check verification of paper wallets - because that is the lowest learning curve method for farmer adoption via wholesalers
  161. [18:51:50] <true-asset> then there is messaging and the decentralized green address book
  162. [18:52:31] <true-asset> so that the complete process of ordering and payment can be sone via 1 piece of software
  163. [18:52:42] <cryptoweather> how are you going to deal with the liquidity issue of ppl wanting to trade Uro-btc-USD, if the size of orders are as big as I think you will need a substantial amount of USD to keep ppl paid. As far as I know bitstamp, btc-e and bitfinnex together would need to be on board.
  164. [18:53:41] <true-asset> Current trade volumes for BTC are in the $40 million range
  165. [18:53:58] <true-asset> and we see this increasing fast with expedia, dish, etc...
  166. [18:54:49] <cryptoweather> i guess ppl would be buying btc, creating a cycle.
  167. [18:55:00] <true-asset> so if its one order per day - then thats under 10% volume which may work out okay - if not then the transaction can be split up
  168. [18:55:26] <darkpill> What's the policy going to be for the foundation regarding exchanging to fiat, will it have the liquidity not to destabilize price?
  169. [18:55:35] <true-asset> One simple solution - use two-factor escrow (BIP-38 for example) to lock out the Uro
  170. [18:55:55] <true-asset> Then transfer portions a day
  171. [18:56:06] <true-asset> to reduce sell pressure
  172. [18:56:12] <darkpill> good
  173. [18:56:20] <cryptoweather> +1
  174. [18:57:25] <true-asset> The blockchain has many solutions already - just need to try and see what people will adopt - leanring curve is key - must start with the simplest solutions - then work to more sophistication once people are in the ecosystem
  175. [18:58:20] <true-asset> so: purchase with web app, trade with paper wallets is the first step
  176. [18:59:26] <cryptoweather> so the idea is to have the farmer come straight to the wholesale supplier.
  177. [19:00:20] <true-asset> darkpill: we defninately would like to have a fiat exchange - but friendly relations with banks is key for all involved at the moment - when the time comes - we will get one
  178. [19:00:57] <darkpill> understand that
  179. [19:00:59] <true-asset> Tha time could be: a) when the Uro economy is large enouigh, or b) when more banks embrace crptocurrencies like Fidor
  180. [19:01:09] <cryptoweather> that begs the question... there not going to be too happy about losing that 100k transaction fee... how can you work together?
  181. [19:01:22] <true-asset> cryptoweather: yes farmers will deal with wholesalers
  182. [19:01:44] <true-asset> There is obviously too many farmers will a few companies to deal with
  183. [19:01:50] <cryptoweather> * they are,,,
  184. [19:01:57] <darkpill> what's the 100k transaction fee?
  185. [19:02:32] <cryptoweather> describe the outrageous method in place to order 12500 tonnes...
  186. [19:03:13] <true-asset> Well, at the moment Uro is set up with initiate 1 million tons of max volume per day (in reality its less, more like 30% of that since not all the Uro will be on the market) this limits the impact and will allow Uro to flourish under the radar
  187. [19:03:30] <true-asset> the 10% increase per year is a sustainable growth of the ecosystem
  188. [19:04:19] <true-asset> Eventually we will have to face the banks - there is no question - but we defininately do not eant to confront banks now
  189. [19:04:59] <true-asset> Most banks do not understand even Bitcoin and our time would be much better spent education wholesalers and farmers then bankers
  190. [19:06:10] <cryptoweather> BRB
  191. [19:06:25] <true-asset> Look how long its taken for even you guys to understand what we are doing - read the first few pages of the thread - its full of comments like "you don;t understand crypto" and things to do with urine
  192. [19:06:47] <bigbubble_> lol
  193. [19:07:12] <true-asset> Our take is that cryptocurrency is a technology that can be leverage for ehatever project that it can contrubute to
  194. [19:07:23] <true-asset> look at maidsafe for example
  195. [19:08:10] <true-asset> we also believe in the have many blockchains - it adds resilience and isolation
  196. [19:08:21] <true-asset> attack on one does nto affect another
  197. [19:09:42] <true-asset> finally the Uro 1:1 with Urea is crucial for lowering the learning curve for farmers (i.e. Urea certificates) and cannot be done via Bitcoin
  198. [19:11:19] <true-asset> Someone mentioned Mazacoin and the Keiser report - any ideas how their team achieved that?
  199. [19:11:55] <true-asset> I do understand they were the first "state cryptocurrency" - but did Auroracoin get on Keiser?
  200. [19:12:08] <darkpill> It's not difficult to get on keiser, he is asking people to come on his show all the time on twitter,
  201. [19:12:11] <cryptoweather> I understand the ramifications, I think most crypto traders have no clue. But i'm surrounded by, Cargil, ADM, Monsanto, The Canadian Wheat Board (what's left) I understand Cargil's vertically integrated network for controlling wheat supply etc. This is a big deal.
  202. [19:12:57] <darkpill> if he thinks he can spin what you are doing ideologically he'll ask or if he doesn't we can draw it to his attention
  203. [19:12:59] <cryptoweather> Payu Harris was on Keiser even before Maza, Not sure about Aurora coin. too bad those failed so far...
  204. [19:14:25] <true-asset> For our team its the priniciple of started something from nothing - the power of ideas and the ability of the crowd/community to propell thes ideas
  205. [19:14:56] <cryptoweather> it's the future no doubt about it.
  206. [19:15:08] <true-asset> Majeis suggested we should have gone with an IPO, which in my view implies the need for PoS
  207. [19:15:19] <true-asset> But that is the easy path
  208. [19:15:35] <darkpill> IPO would be more suspect
  209. [19:15:55] <cryptoweather> ppl would have dumped before the 9th. would have been bad press
  210. [19:16:16] <cryptoweather> this is more decentralized
  211. [19:16:28] <darkpill> current model is much fairer/slower but better
  212. [19:16:40] <true-asset> eaxctly - and like the early days of NXT - everything will be held by like 100 people
  213. [19:17:15] <darkpill> Well, I am reassured by everything you have said. You won't get anymore trouble from me, unless you do something really silly. ;) Thanks for taking the time to answer questions. I gotta get some sleep. See y'all.
  214. [19:17:20] <true-asset> the other thing is PoS is as yet wtill not very well understood
  215. [19:17:35] <cryptoweather> good thing you chose x11, x13 is suspect due the block reward % going to the devs
  216. [19:17:43] <true-asset> nice to have you darkpill. See you on the forums
  217. [19:17:44] <cryptoweather> see ya dark
  218. [19:18:04] <darkpill> Lets make it happen!
  219. [19:18:11] <cryptoweather> !
  220. [19:18:14] darkpill (021eb71a@gateway/web/freenode/ip.2.30.183.26) left IRC. (Quit: Page closed)
  221. [19:18:15] <true-asset> X13 also contains at least 1 algo that is already pretty much broken - I think it was hamsi
  222. [19:18:55] <true-asset> there. hamsi: https://eprint.iacr.org/2010/423.pdf
  223. [19:19:30] <cryptoweather> how big is the team working on this, how did you convince your bosses to let you concentrate on this project?
  224. [19:20:15] <true-asset> Will you guys be around for a while longer? I thing we should get a 15 min break to to review and let the what have been discussed sink in before continuing
  225. [19:20:26] <true-asset> that okay with everyone?
  226. [19:20:35] <cryptoweather> ya
  227. [19:20:50] <true-asset> okay be back in 15 mins
  228. [19:32:16] Topic is BTCTalk: http://goo.gl/OgX1dF | website: http://uro.io | URO the Long Term Currency Backed by Millions of Tonnes of Urea Fertilizer
  229. [19:32:16] Set by true-asset on June 8, 2014 at 3:52:39 AM EDT
  230. [19:32:22] Mode is +cnt
  231. [19:32:52] shakinhandz (~shakinhan@216.155.129.61) joined the channel.
  232. [19:32:52] Topic is BTCTalk: http://goo.gl/OgX1dF | website: http://uro.io | URO the Long Term Currency Backed by Millions of Tonnes of Urea Fertilizer
  233. [19:32:52] Set by true-asset on June 8, 2014 at 3:52:39 AM EDT
  234. [19:32:55] <shakinhandz> I just drove home so fast lol
  235. [19:32:57] Mode is +cnt
  236. [19:33:34] <cryptoweather> didn't miss anything yet:)
  237. [19:35:47] <true-asset> okay I'm back
  238. [19:37:09] <true-asset> Sorry. here is the collision on hamsi: http://www.isical.ac.in/~indocrypt/hamsi256.pdf
  239. [19:38:00] <true-asset> hamsi is one of two additional algorithms that X13 has over X11
  240. [19:38:38] <cryptoweather> thanks i'll take a look later tonight. looks way over my head TBH:)
  241. [19:39:24] <cryptoweather> so what is your plan beyond media to get URO attention?
  242. [19:39:30] <cryptoweather> Uro
  243. [19:41:29] <true-asset> web app to buy Uro with fiat using exchange APIs - Coinjar and Coinbase to start, getting wholesalers on board, getting more import/exporters on board, simplified wallets, etc.
  244. [19:43:08] <fiftyseven> What comes first, true-asset? Are you expecting purchasers to be in possession of quantities of URO by July 9th?
  245. [19:43:51] <true-asset> From what it looks like on the exchange there are already purchasers
  246. [19:44:20] <fiftyseven> Sure, I am speculating myself on a little because it's a very interesting proposition.
  247. [19:44:42] <true-asset> Will get the block explorer fixed up ASAP so we can get a better idea - its taken way too long for cryptexplorer and altexplorer - they are probably too busy with other things
  248. [19:47:51] <cryptoweather> brb
  249. [19:49:12] <cryptoweather> just tweeted to see if I can get more ppl in here
  250. [19:53:10] <cryptoweather> How far is the foundation willing to go with this experiment, right now I have over 200k USD in urea technically. On july 9th if Itraded the URO for urea what happens? it sits in a warehouse? or do I need to have it moved?
  251. [19:53:33] pp__ (57df59f9@gateway/web/freenode/ip.87.223.89.249) joined the channel.
  252. [19:55:29] <shakinhandz> has everyone in here done there buying? lol, I'm going to throw this convo up in a pastebin
  253. [19:56:01] <cryptoweather> yes I bought all night down to 3770, Pat! you sold why?
  254. [19:56:24] <true-asset> The Foundation has Urea support from the board members to sustain 10 years. Urea is manufactuered after order because it does not have a very long shelf life - also demand is normally very close to supply so there is almost no inventory
  255. [19:56:32] <fiftyseven> I panic sold, put low buy orders back in (25k) but didn't get there :)
  256. [19:57:15] <cryptoweather> oh damn really close, you sold at 8 though. still time:P
  257. [19:57:41] <shakinhandz> I had a limit order set up at the fud attempt, rebought around 5k this morning
  258. [19:57:46] <fiftyseven> Been accumulating all day. Literally all day. Anyway, sorry true-asset. Carry on.
  259. [19:57:51] <shakinhandz> haha
  260. [19:58:11] Aussie1 (3a6cbc89@gateway/web/freenode/ip.58.108.188.137) joined the channel.
  261. [19:58:29] <cryptoweather> Who was the guy in the forum that wanted the physical urea sent to Taiwan?
  262. [19:58:53] <shakinhandz> that was dan, the same guy who started the mess yesterday, only to confirm what true-asset is saying lol
  263. [19:59:26] <cryptoweather> k lol, i'm guessing shipping costs are extra ;)
  264. [20:00:05] <fiftyseven> So to flesh out the plan, true-asset, clearing up the technical bits of the coin (block explorer) and whatnot is clearly first but I meant, are you going in for a media attack as a means of justifying/gauging support first, or are you going ahead with plans regardless of how it is received by the industry?
  265. [20:00:25] <shakinhandz> ^^
  266. [20:01:02] <true-asset> Yes its FOB - so shipping is handled by the client - this decision was based on the fact that if the seller charged for shipping - the the purchaser can cry foul that they were overcharged for this
  267. [20:02:24] <true-asset> We are in for the long haul - the market will appreciate Uro eventually
  268. [20:02:55] <true-asset> Our task now is to speed up this process
  269. [20:03:05] <true-asset> Via promotion
  270. [20:03:24] <cryptoweather> wouldn't your best bet be to inform your existing clientele that if they purchase Uro right now they are guaranteed product on execution date.
  271. [20:03:35] <fiftyseven> The right promotion in the right place and it would be viral in financial news circles I'm sure.
  272. [20:04:23] <cryptoweather> how prominent are the board members in the urea trade world?
  273. [20:04:26] <true-asset> Well at least half the clientele are governement - you can imagine their reaction
  274. [20:05:00] <cryptoweather> interesting, have they been informed?
  275. [20:06:03] <bigbubble_> we could mention URO here https://bitcointalk.org/index.php?topic=624223.0 Some big heads discuss alts here. Might give us some good attention
  276. [20:06:07] <true-asset> Actually no, the legal team advised us that there is no regulation that will affect what we are doing - we we plane to keep it that we for now - until things get bigger
  277. [20:06:28] <cryptoweather> crypto really really needs an exchange that looks professional to traditional conservative investors, traders etc. trex is turning into a PND gambling house.
  278. [20:07:27] <true-asset> But Bittrex is the only one run by operators that sonservative investors can respect?
  279. [20:07:41] <shakinhandz> mintpal and now bittrex are respected for alts
  280. [20:07:56] <cryptoweather> big bubble I suggest posting a link to the paste bin of this talk, let them get interested from the discussion.
  281. [20:08:35] <shakinhandz> I can link the pastebin
  282. [20:08:36] <fiftyseven> A bigger exchange would surely follow with this being the first of its kind. mcxnow was there for the launch of max, maybe if max gets involved he can get them on board. Not sure how they're regarded, but they seem professional.
  283. [20:08:44] <shakinhandz> Just let me know when you want the link
  284. [20:09:01] <cryptoweather> bittrex is doing a really good job on the GUI lately, mintpal looks very pro, BTER is another to strive for early.
  285. [20:09:02] <true-asset> Which link?
  286. [20:09:11] <bigbubble_> k
  287. [20:09:25] <shakinhandz> the log of the asset true
  288. [20:09:33] <shakinhandz> sorry, log of the irc chat
  289. [20:10:41] <shakinhandz> I'll post it in the thread as well if thats alright. I think you've cleared up a lot of questions today. I want to mention that I think you're doing a great job.
  290. [20:12:02] <true-asset> Uro was already posted on the rpietila thread a couple of days ago - so be cautious you don;y get moderated for spam
  291. [20:12:26] <true-asset> they are having a interesting discussion of PoS there
  292. [20:12:43] <bigbubble_> oh i wasn't aware of that
  293. [20:12:57] <cryptoweather> if ppl don't know you can vote for URO on mintpal, would be good to tweet that asset
  294. [20:14:01] <true-asset> I tweeted that a couple of days ago - go retweet it - i mentioned voting was free as well
  295. [20:14:53] <fiftyseven> What can we, as a community do, to aid you in this early stage, true-asset?
  296. [20:14:55] <cryptoweather> is there a way to only set up a POS for charity, can you assign wallets to be able to POS. it could be a way for a farmer co-op for example to earn Uro.
  297. [20:15:18] <cryptoweather> i'll retweet it missed that one:)
  298. [20:16:00] <cryptoweather> *can you assign specific wallets to receive POS but not others.
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