Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
nuocmamt
on 30/05/2014, 00:18:14 UTC
Who is artificially driving the value for UTC down? I'm starting to think that there is a conspirator that is attempting to keep the UTC prices relatively low. How is UTC supposed to grow when any value being added is immediately taken away.

I don't want to bash the other algorithms, but X11 is extremely unprofitable to mine along with Scrypt and their Scrypt Asics. I believe we're going to see a mass migration to other cryptos that don't use these mining algorithms such as UTC or other cryptos.

UTC has been through a torrent of problems such as exchanges being hacked, BTC crashing, and N scrypt adjustments. Through these changes, UTC has survived and I believe it will emerge stronger than ever in the upcoming months. Only time will tell, but from what I've seen, UTC is working towards becoming a long-term cryto-currency.