@ RichardMiner, please be more polite and stop instigating irrational discussion. Everyone's words have value here, including your own, but you musn't deploy ad hominem attacks on other members, especially if you claim they are lying. You are only injecting hostility into the thread.
Common Rapture333... don't call on me here.
Read the posts below. Only false information and lies without any proof.
Don't address to me, address to them please !
(...) I see UTC (which I once thought has great potential) has been used and abused by the owners (....)
.....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
POS/POW together is a good idea, bot going 100% POS will be the end of UTC!!!
Obviously I have been mining longer then they have been developing!
Going full POS offers nothing new, it offers death.
.......
The dev team is not making enough money, and that is why they want to go POS.
They obviously have lots of UTC and no hashing power, that is why they want to go full POS.
They have been stealing shares from their new dev. pool since day one, now this.... OMFG
Considering this same team created Caishen (CAI) and then abandoned that and switched to CAIx (....)
..... Since UTC is basically old news, no one is really interested in it...
....Since this same team did CAIx, I checked my interest so far and it does look as though scaling is not happening...
....Anyway, I gave up on Ultracoin last week and cashed out....
Look me up in another six months and feel free to apologize when UTC has only dropped further in value. Seriously, I don't have anything inherently against this coin, but it tried something new and basically it has failed. Now people want to try and rescue it, but that's like breaking up with your girlfriend and then proposing to her a week later! Going 100% PoS won't likely kill UTC any more than it has killed dozens of other coins, and UTC has to either give up completely or try to change, but if I'm looking for coins -- for speculation, mining, whatever -- then I'd much rather get in at the start of a new coin than wait for a revival of a dying coin.
R.I.P. UTC PoW; please take Scrypt-Jane with you while you're at it.