Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Uggle
on 29/03/2014, 16:48:56 UTC
Quote from: Severaz on March 29, 2014, 04:37:25 PM
Quote from: Uggle on March 29, 2014, 04:16:43 PM
Quote from: Severaz on March 29, 2014, 04:10:36 PM
Quote from: Uggle on March 29, 2014, 04:07:05 PM
Quote from: Severaz on March 29, 2014, 04:00:50 PM
fastcoin had the same idea of speed of transfers as well but has long since died..

Fastcoin uses scrypt algo, and does not have PoS, also the devs+community is not the same.

the devs+ community has worked so well for doge..

It worked well until Scrypt Asics arrived, same with all the Scrypt coins no matter how good community it had before. Same reason many of them is looking at changing their algorithms. UTC does not have that problem. Cool Also Doge transfer times was horrible.

so your saying take doge community (failed) add fastcoin speed (failed) add quark alogrimthm (failed) add premine aurora (failed) = great coin ?

It is not a matter of adding coins together, it is about making one good coin that have learned the failing points of it's successors. UTC have a great community, fast transaction speed, long term holding incentive by PoS, a well organized and documented pre-mine that serves a purpose, the devs are serious and intend to invest in the coin and on top of everything else is Asics resistant (for now). Aurora is in my own opinion not a failed coin and if you knew the history of Bitcoin itself it was in fact also premined, the genesis block of 50 btc still sits untouched. If you look at all the coins you mentioned UTC has already addressed the very problem that made them fail. It is wrong to say that this coin is dead because it is not, we have seen worse rates than this and bounced back. This is a volatile market and everything might come crashing down before we know it but the UTC community is a tough one and we will make it through.