Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
trogdorjw73
on 07/07/2014, 21:32:42 UTC
No!  Stuhlman was the owner of Nitro and Nitro2 miningpool and he was a supporter and community member of UTC.
Sthulman started his own coin after and he has never been involved in the dev team of UTC.

Please check and investigate better before you give wrong information here that can be harmful.

What is wrong with all does ppl who are talking garbage and try to tell those things here as it are facts?

Now like this trogdorjw73, wtf is he talking about that the UTC team created and abandoned CAI and then switched to CAIx???

So this is another dude like flobdeth and kingpin who are making false accusations and telling lies !

And what about UTC is old news and nobody want it Angry Huh I am happy that you cashed out.
So what you are doing here now, telling fud and lies Huh



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....
1) Hold on, wasn't the Caishen Project started by Ultracoin people? I know at least one of the CAI/CAIx major guys (Stuhlman) runs Nitro.org, and Ultra.Nitro.org was certainly one of the biggest UTC pools (though I haven't checked to see if that's still the case). I've been poking around trying to find an archived version of the CAI announcement thread but have not found one yet. Anyway, whether or not the UTC team is involved at all with CAI/CAIx is somewhat irrelevant, as the fact is the coin is basically being changed in a similar fashion: out with Scrypt-Jane, in with 100% PoS.

2) If you don't think Ultracoin is old news, I'm sorry, but the coin was launched ages ago in Internet time. It's over six months old now, SJ has scaled N-Factor all the way up to 13 now, and rewards were changed from 50 to 15 UTC. Just reading the posts in this thread makes it pretty clear that the coin is languishing and people are trying to figure out how to make their UTC holdings actually have value again.

3) Cashing out is merely me pointing out that I don't have any stake one way or the other at this stage. If UTC goes "to the moon", I've missed that rocket -- just like I've missed the Vericoin rocket and many other so-called "rockets". But if they don't actually clear the gravitational well of Earth, rockets end up crashing into the ground, and I've missed a lot of those as well.
Okay, so the owner of the biggest pool for UTC back in the early days helped start CAI (with several other pool operators, though I'm not sure if any were related to UTC). Unfortunately, the editing and deleting of old posts makes it difficult to "check and investigate better". Stuhlman probably had a bunch of UTC, and he probably cashed out a long time ago as well. Such is life. But changing to 100% PoS is no panacea -- it just makes things messy and ultimately I don't think it's likely to do much other than allow all the GPU miners to quit supporting Ultra. That's fine I suppose -- let all the big bag holders continue to hold and try to figure out ways to get people to invest in UTC. But if you're trying to tell anyone that investing in UTC now is a good idea, I've got some beach front property in CA that I'll sell you for pennies on the dollar as well!