Quote from: cointradero on April 02, 2014, 08:54:23 PM

Quote from: Protagonus on April 02, 2014, 08:10:19 PM

yes I was only adding an interpretation not a personal feeling. I don't suppose there is an opinion on this that I want to convey atm.

Quote from: jakiman on April 02, 2014, 09:31:14 PM

Quote from: cointradero on April 02, 2014, 08:54:23 PM

From what has been stated at various times and places; one can account for most of the IPO.

21- BTC to Ziggy (Dev but gone) (plus 100K UTC)
26- BTC to Bumface (Asics) (plus 100K UTC)
5 - BTC to Website (was copy/ paste, now replaced by Xweb) (plus 100K UTC)
6 - BTC to Official Pool (Hackshard, never opened)
15- BTC to Marketing person (Never shown / Unknown)
------------------------------------
73- BTC total
7- BTC Unknown
------------------------------------
80- BTC IPO

300K UTC premine
100K UTC premine unkown (market guy or pool guy got it)
------------------------
400K UTC premine

Quote from: funsponge on April 02, 2014, 10:12:48 PM

I just joined reddit and been reading about Ultracoin threads and what people say about us/UTC.

It looks like we are not very popular and have bad PR unfortunately. We really need marketing and awareness to attract these doubters.

also why is Ultracoins subreddit set as "private" when all other coins are ok to access? - http://www.reddit.com/r/ultracoin

4 main reasons:

1) - IPO was linked to premine and "spun" as a single lump premine of 2 mil. IPO only would have attracted less negative PR.
2) - Even with Asics coming out and asic-resistant more popular; very few like the algorithm used.
3) - Possible backdoor tie to BTC-e // possible fake coin propped up by idea of btc-e
4) - Coin has always had greater than 50% of the network being hashed by one source for the entire life.

Personally, I've stated with 1) before, that an IPO is not premine since it's not dev held. With point 2 I can see and agree some with. Point 3) I'm not sure either are valid. Finally, point 4) not good of course; however it's not malicious as is required for issues.