Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Wirly
on 28/07/2014, 03:55:02 UTC
Forgive my bluntness but can I ask what the dev team are doin at the moment? I'm not saying they are doing nothing, I just honestly don't know what they are working on.

Also why is it taking so long to do the minecraft thing. If you have commissioned/hired a guy who knows what he is doing then why is it taking him months to do. I'm just asking what others are thinking but to polite to ask.
My flat mate wants to know why he should buy some more UTC.

PS: great news about the multipool! Well fone guys! UTC holders appricate it

I was thinking the same thing today on my way home from work, Bumface was always updating us frequently while he was at the helm but now that things have changed I feel like we're all in the dark and this is affecting the growth of ultracoin.

   The last announcement was that a java developer was consulted about the minecraft plugin, and that was only a few weeks ago, not months. If anything is being done it is the early stages of design and development and once built needs to to be tested and implemented properly. On the downside I see this coin is not anyones full time job and the coin and price has only recently recovered from the last announcement about going full POS and telling everyone to announce it from the roof tops and then not doing it. It caused confusion then also with two wallet updates within a few days the exchanges like cryptsy and mintpal got messed up and had to halt deposits and withdrawals not realising they needed to upgrade again. Even now the wallet still has some unattractive bugs in it that cause troubles. Not sure if it affects everyone but if you receive lots of small incoming transactions such as receiving regular payments from a mining pool it will not consolidate those coins for sending in a transaction greater than 10000 bytes. It has issues broadcasting the transaction to the blockchain and usually ends in an error unless you manually consolidate and send them to a different wallet. Otherwise select inputs to be less than 10000 bytes and everything ok. Also if you type "getmininginfo" it says the block reward is still 50 coins per block although that is not a biggy.
     On the upside UTC still has a mining niche even though its not yet popular and with the new n-factor at 14 the power consumption for a gpu is now comparable to X11 so hopefully the management and marketing is taking some time to gain some understanding and consider the consequences before implementing any changes. UTC could have a bright future if things are managed and marketed properly but right now there is a lack of understanding amidst miners about the asic resistance of UTC, the "high" power consumption (that it used to require) and the thoughts that cpu botnets eventually taking over the network once the  n-factor keeps increasing. Things to consider.