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
This is simply not true.....Paul`r and fabietech have been mining utc since day 1, if they wanted to dump on people ,they would have done it when UTC was 1 dollar....I personally have never dumped, i only bought more.
People can still "mine UTC", that means indirectly in the multipool.This way you are mining, you get UTC,and the price also goes up...If the price goes up, that is good for everybody.Because of a string of unfortunate incidents UTC went down so there is nothing evil about going up.
As a general remark i would like to add , that this decision to go full pos must not be confused with a strategy to create demand,because those are 2 seperate things.....There are other strategys in place to create demand
The fact that the asic resistant nature will be given up has also been discussed extensively.We felt that people wont simply run to UTC when scrypt asics are shipped without a massive marketing campain.....
the transaction speed is also being investigated, so i want to asure everybody that we are not taking this decision lightly and that we are concidering all possible scenarios.If going full POS means the transactions will become slow, we must change the plan slightly.
Our primairy concern is with the safety of the code and with peoples holdings.
UTC was never a silly clone or a hype,and that wont change with new managers.These principles are the foundation of Ultracoin.