Yup the worlds officially gone mad.
I like the idea of comodity backed coins.
But this uro thing is stupid. Its backed by thin air, and a PR team that is making people believe the world is ready to trade $350 Urea stacks for coins that where put out into the ecosystem without any backing at the time.
Its currently backed by 0 metric tons of urea. How many coins does the team own, and how many metric tons are they willing to sell for others for a URO coin? Thats all I need to know. Until the supporters start selling UREA for the coins they promote. I know its all BS taking poor suckers money. They pray on the stupid people with belief others will trade a real asset for one with the hope of being accepted. Why not invest right? easy 100x money cause the coins will be = to a real metric ton of urea? Are people so eager for instant gains they can't see the BS?
I could say I am making a GOLD coin (GLD). And that my group supporters trading our GLD coins 1:1 for real ounces of gold. I put out a PR saying, Billybobs GOLD fund supports using 1:1 billybobs coins for your real gold! If I sell you that idea? Doesn't it sound stupid. Its exactly what the URO coin is doing now no?
A group of people came up with a idea to benefit themselves. And are running it well. The good news is. It looks like that has effected all alts in a negative wave as every day trader and momentum trader is pumping the PISS outta it! That should help us get to a near term bottom and flush out the rest of the day traders.
You shouldn't focus on other coins, focus on things you we can help to let the community grow!
People seem to forget that great things aren't build in a day, Vericoin has good defs with proper knowledge!
