Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
flobdeth
on 05/07/2014, 13:49:43 UTC

Well i remember flobdeth being quite positive in the beginning.. Obviously, he got frustrated by the bad management of this coin down the road.. And you cant blame him, given the history of UTC.. I dont agree with the way he expresses himself, but you can not disregard the frustration many have felt or are feeling...

I was very positive, very until recently.  Yes, I should have worded it more "eloquently" but, I treat people/things with the respect they deserve and the way I see UTC (which I once thought has great potential) has been used and abused by the owners, they jump like ferrets after ideas to change this part of the algo or whatever because they think the price will magically shoot up overnight.  It's stupid, impatient and childish to assume just by the fact they have produced a blockchain it magically and mysteriously manifests £/$/insert worthless paper currency here.  There's a saying "More haste, less speed" learn from it.

POS does nothing but benefit large holders of a coin, which I guess suits the "new" owners just down to the ground, though I see no change in any leadership, merely his "mate" saying he's now in charge (convenient) it takes the small miners/investors out of the equation, well it takes miners out of the loop all together.  You can't mine it, only way to make anything off it is to have mined it from the start and held.  All they want right now is for mass buys so they can dump all over you's.  Not the first time, won't be the last