Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
Have you noticed that UTC net hashrate has gone slightly up? The same with UTC multipool (ATM there's 785 MH, maybe we hit 1 GH again 
), so more miners are coming to us. We should give them a try and not to go full POS for at least a few months to see what happens when ASIC miners hit scrypt coins.
), so more miners are coming to us. We should give them a try and not to go full POS for at least a few months to see what happens when ASIC miners hit scrypt coins.I think that is the problem for UTC! and why the management want to go FULL POSS!!
There are to many coins mined and dumped a day!! for my calculation more then 70K what immediatly is dumped at cryptsy!!!
That why we are @21!!! everytime the value is going up the miners DUMP UTC!!!
So FULL POSS Good thing for now
This is not unique to PoW coin. It happens and is happening with full PoS coins also, so PoS is no defence against that. Markets are very easy to manipulate Full PoS or not when coins are centralized on manipulated exchanges. Large UTC holders can easily control the price buying and selling their own UTC, and attempt to create panic or maintain a price range. Bots also contribute to this.