Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
a little bit sooner then announced, and i might edit it a bit or add things that i forgot but here it is:
http://www.youtube.com/watch?v=-qMOcFzF2c4&feature=youtu.be
Michael
http://www.youtube.com/watch?v=-qMOcFzF2c4&feature=youtu.be
Michael
Excellent work, meeting and update!! Very nice to see all the plans moving forward. Also it was nice to put a face to the bum; as it were.
Sounds good bumface.
When the next nfactor hits, Can we expect cpu-mining to be a bit more realistic?
When the next nfactor hits, Can we expect cpu-mining to be a bit more realistic?
expect an N factor delay withing some time
(extending the gpu era)-1
UTC being the only scrypt-chacha coin on its own schedule makes me sad. I was looking forward to seeing how your momentum did when people had to figure out how to mine at N=13 and 14...
Excellent news, except for this part: "-N factor delay (at least 2 more years of GPU mining)"
WHAT!?
What exactly does that mean? I can gpu mine coins well into n factor 15...come on!
WHAT!?
What exactly does that mean? I can gpu mine coins well into n factor 15...come on!
The nfactor changes was going to fast to early
We need to be able to take ppl in july that gpu mine
And the way UTC was going that would'nt happen.
So bumface is rolling back to an earlier nfactor or just increasing the time before the next changes happen
That sounds pretty bad to me...rolling back n factor ugh.
Whatever, I hope it helps increase popularity but that kills it for me. I think it'll introduce a new generation of dumpers that won't give a dang for the coin, whereas higher n factors would keep dedicated miners onboard.
The change was made to not follow the same fate as Yacoin. There is absolutely no reason to increase N to such high levels so fast. I guess thirtybird gave one "I was looking forward to seeing how your momentum did when people had to figure out how to mine at N=13 and 14" not sure I would want to design a coin "just to see if you could mine it". Higher N factors hurt network security more than a concern of miners dumping a few coins. Also, keeping lower N's will allow a larger base instead of just "keep dedicated miners onboard."
UTC does not want to follow the detrimental path Yacoin is on and stuck with. Verification of this can be seen here: http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=yac-btc&market=cryptsy
You guys seem to want UTC to:
-Drive away miners
-Perpetually loose value rather than increase
-Run N factors that are resistant to devices that won't be produced for years if not a decade. (n 14-15)
-have no long-term network security
If we wanted these aspects there is always Yac..........