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Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!
by
Marnie1976
on 02/08/2014, 10:30:33 UTC
Well pugman I spoke a "view" times by pm with some of the team members and this is what I heard from them (see answers below in blue).

IMHO they do/did what they promised for UTC, maybe you have to look deeper and better to see what is going on.


Ok your sort of missing my point. I will be more specific. They promised us the following:

-----------

In the very near future our team will start with more intensive marketing and want to coordinate those marketing actions together with you all.
==>>They did a great job with the appointment of Steven/Rapture as marketing and pr manager. So all these things are started already or are in progress.


1. We will pay for a certain amount for developments and applications out of our investment wallet
==>> First don’t forget this team stepped in after months and then take over when there was a big hassle in the old team. Next to that they had never any profit from the pre-mining or they were never stakeholders from the beginning (except bumface). They pay from their own private pocket for develop, maintenance, VPS service and cloudflare for the pools. I happen to know the pool fee's aren’t near enough to break even. Also they pay for different developer jobs from their own pocket (wallet updates and for future dev jobs as the android wallet/minecraft). They never ask to the community for donations (till now). Also this paul1r did do in the past many big BTC donations for getting UTC on cryptsy, mintpal, coinpayments and he donated for more different good cases like the Sweden convention to support UTC. So we can therefore conclude that the new team is paying and donating big time for UTC. Thus, in fact we can more or less say that they pay also for you and me.    

2. We put a large amount of our mining farms R9-290’s on to the MultiPool
==>> To which multipool ? For some mysterious reason the pool dev stopped the multipool a view weeks ago and disappeard. There is nothing the team could do about that. So at this moment nobody can put any rigs to any multipool.

3. We will put a large amount of our future 800MH/s of Asic miners on to the MultiPool
==> Maybe you don’t know.... but the new Asics from different companies are still not shipped and delivered. Even now there seems to be some scam's going on with some companies so how can they put any Asics on to serve UTC at the moment ?

4. We will invest strategic and professional management time and energy to UTC next to our daily management jobs in our own company’s
==> I trust them that they are doing that all the time in to the background. I happen to know they are on holiday with their families so guess that’s why they are a little quit at the moment.

5. We will use our connections in marketing and management and will promote to benefit UTC
6. We are part of an exclusive investor group and will use this to benefit UTC as much as possible
==> Guess this will take serious time to create and do. Also Rome was not built in a day.

-----------

Well is it wrong of me to ask questions about what I/we were promised.

I sold all my UTC because the lack of awareness and how UTC was been managed. Then bought back in when I heard of new owners promising the above. So is it wrong I ask you to do what you promised investors.


I think there is still plenty in the pipeline and yet to come.
IMHO, these guys paul1r, bumface and fabietech are no crooks and they are not trying to enrich themselves.
They are still here working and serving UTC even in bad times so they are thrustworthy.
Look around in this Wild West crypto world, then you see other coin teams where it is much more worse ...

I believe that those guys from the team are doing a great job and that they do what they promise, don’t you think also now ?

Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 01/08/2014, 23:46:28 UTC
Good points Richard.
It looks like ppl like pugman want to whine and moan.
This never stops.
We have to live with winers and moaners.
They think the UTC team has super powers.
They think that only the UTC team has to do the job.
They believe they can sit back and wait and UTC will go up and up by it self.
If I read again the UTC statement then I believe the UTC team is quite right.
So your quotes about their statement are also right.
The UTC team are no wizards. They can not do magic work.

So in short:
We as community have to do it together and must help the UTC team whenever and wherever we can.
Ultimately this is in the interest of all of us !



As how i read and understand is that they are working serious in the background.  But without serious help from the community the can't take big steps.

So don't ask what the UTC team can do for you but what you can do for the UTC team  Smiley



.....I want to express that all that has been done in the past will stay that way. We won’t be inventing the wheel all over again......

.....A lot of the developments we doing are just going on from where the former UTC team got stuck or couldn’t get it done. Next to this we are working to bring new innovations and developments .....  

.....we must accept that not everything is possible as we like it to happen. In many cases or new developments we shall be depending on (selected) third parties....  

.....But please let us also be clear and realistic. No matter how hard this team will work and how much time we will spend for UTC, without serious help and dedication from the UTC community it will not work.....

.....This we can only succeed in with the help of all you boys and girls!  Bottom line: We need you to help us ! .....  

.....Our active team can always use more people. If you feel you have something to add, or a specific task you want to do or are good at, let us know.....


So don't ask what the UTC team can do for you but what you can do for the UTC team  Smiley

>let us join together more at twitter and help the pr team
>let us join together more in chat and trol boxes
>let us ask around en help the team searching for trustworthy developers (minecraft etcetra)


Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 30/07/2014, 08:43:28 UTC
^ this could be huge for the coin. You have hundreds of interested investors and entrepreneurs watching and an opportunity to have media exposure.

If UTC team decides to participate at the convention and do the presentation it is very important that the team does it good prepared and professional.
Also the speaker must be very good prepared, must have some charisma and must have various promotional materials at his disposal.
I think to support the speaker there must be also a new video which tells everything about UTC in two minutes and there must be a story to tell with a powerpoint presentation.
Also there would be the need of flyers.
So I think the cost will be more than $3000,- and it needs to be prepared very careful and professional.
There is only one chance to impress.

Rapture, maybe an idea to do a voting if the community wants to help with donating ? Or just simple ask it the community ?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 30/07/2014, 08:11:01 UTC
At the current n-factor, Mining Ultracoin is now cooler for a gpu than using x11 algo....and equivalent in power usage.
So what happened to ultracoinpool.info??? Someone should make an announcement before they start messing with things.
About what man something wrong with the pool?
Ok I just edited that, I have some issues on my end. All my miners quit today. I changed to your pool and they wont work there either, so I will check in to it.
Do not forget used back up pool or move to the other one
www.ultracoins.info i go open another pool for kept the newwork security
Problem solved, antivirus update shut down yacminer.


This kind of messages creates a lot of commotion. And scares new comers away.
It would be nice if miners first examine everything and exclude all kind of things before telling on the forum that something is wrong with UTC, or wrong with the pools, or that there is a fork .... etc. etc.
Please fellow miners, first find the error before calling things on the forum

Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 28/07/2014, 11:24:52 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 had found somebody for MC, but paul1r and fabietech are not comfortable with somebody without references.

Does that mean its going to take longer before its finished? and do you know why such things arent communicated with the community?


I spoke last Saturday by PM contact with paul1r.

He and fabietech seem to be on holiday with their families and will come back later this week as he told me.

I heard also from paul1r that it's really hard to find trustworthy coin developers and that this is a problem in the Wild West world of Cryptoland.

So knowing that and knowing that mine craft is an serious project I can understand they don’t want to do business with some cowboy dev who cannot give any references. Would you do ?

So we can only wish they find soon some professional dev and can kick some ass with the project

Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 21/07/2014, 21:02:26 UTC
The price doubled today so I am not sure what you are talking about. Prices fluctuate all the time, if you watch the price everyday you're going to be bi-polar soon. As far as full POS, read this: http://goo.gl/HuxRDH


Hmmmm......price doubled today Huh
It is now at 0.00001440 BTC (1440 Satoshi) and 0.00891994 USD.
Off course it fluctuate, that's ok.
But come on dear rapture, the price is going serious down for almost two/three months now !
So what do you mean with looking everyday to the price and getting bi-polar ?

About your full pos report, it is very nice written.
It is a real good written marketing story, as to expected because you are the public relation and marketing man around UTC.
Anyway, thanks for that report and the serious time you put in to it. It is great you do that.
But how nice (one way) written as it is, your report gives nobody any guaranty that not going full pos is the best for UTC.
 
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 21/07/2014, 18:01:20 UTC
If I see how the price goes of UTC I think we maybe would be better of if the management team take the coin to full pos instead of postpone it !!!

See the price, now we are also going nowhere, only down, so why not take the change/risk and go full pos Huh
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 20/07/2014, 00:13:59 UTC


@Funsponge   and   @Uggle .... here are some wise quotes for you to learn about (with al do respect to the both of you) ;


..........One thing this world has taught me, patience!
Stop looking for someone to blame, and instead, ask yourselves, how can I help?



For those of you who sit on the sidelines and watch, wait, and critique the actions of the UTC Team, I encourage you to remember that this is a new frontier, and regardless of how the UTC Team tries to advance this crytpocurrency, never overlook the fact that they are taking the time and putting forth that effort.  Never take for granted or under-appreciate the value of the determined and committed few.  





I have taken Cryptoholic11 words from another thread but they are relevant so want to share them with you all;

------------

"
As investor in this coin, I have say this, and it might not sit well with a few people but oh well. With an ever increasing competitive altcoin scene, its imperative that development stays fast and updates remain frequent.

Why: because when devs stay silent, even if they are legit, the price and volume tank. And the more they tank, the harder it is to rebound, regardless of future releases. So protecting the price and volume through constant updates is extremely necessary especially in the beginning phases. So I would urge devs to give updates more frequently, and be more specific and less vague. And anybody who wants to argue that Microsoft took 10 years to develop windows, should re-evaluate that argument. Cryptos (for now at least) work much differently, and even a week of inactivity would spell disaster.

People always want to dump their holdings and go catch the flavor of the week. In order to stay ahead of the curve, frequent updates, and more importantly a speedy development while keeping the community and investors informed during the process is important. This will keep the volume and price stable, which is important. I cant stress that enough. Yea some hype could be considered unethical, but in the current altcoin scene, its necessary to keep the exposure. Some developers go their way with developing the features, and stay quiet, killing the price and volume. And when they do finally release it, the coin barely sees any movement, because they never established themselves as a major coin to begin with. Only established altcoin devs can stay quiet for a reasonable long period of time without suffering the consequences. Examples of these established alts would be DRK, XC, VRC, CLOAK. All other alts are fucked if the devs are not constantly active and steadfast."

------------

Im not saying your new Devs are dead quiet but wanted to stress the importance of daily activity and involvement



+1
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 19/07/2014, 08:53:50 UTC



Mintpal also not allowing UTC withdrawals or deposits.

Cryptsy is fix You can deposit and widrawal normal now









Finally get a message from cryptsy support.
They just reload the whole blockchain. Now they have the V1041 wallet.
How is it possible something takes so much time for a large exchange as cryptsy???
But the most important is they did finally.....

Mintpal is no problem, i can deposit and withdrawal.

So everything oke for now  Lips sealed
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 18/07/2014, 18:16:38 UTC


TO ALL !!

THIS INVOLVES YOU ALSO !

WHY IS THE UTC WALLET AT CRYPTSY "UNDER MAINTENANCE" FOR A VIEW DAYS Huh

THIS INVOLVES EVERYBODY, BUT CRYPTSY DONT ANSWER ON QUESTIONS !!!!

PLEASE LOOK AT YOUR OWN (under maintenance) UTC ACCOUNT AT CRYPTSY..... AND THEN ASK THE SUPPORT TEAM TO ANSWER YOU




Has anybody the same problem with Cryptsy ?

If I sent UTC from my wallet to crypsty there is no deposit at cryptsy ?

If I want the withdraw from Cryptsy there is an automatic message "Our wallet is currently offline while we perform system maintenance".

Only the UTC wallet is off line at Cryptsy "for system maintenance" , no other wallets !!!???

I have send a message/ticket to Cryptsy support but they still don't answer for more then 24 hours.

Does anybody know what is the problem Huh
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 18/07/2014, 10:46:07 UTC
Has anybody the same problem with Cryptsy ?

If I sent UTC from my wallet to crypsty there is no deposit at cryptsy ?

If I want the withdraw from Cryptsy there is an automatic message "Our wallet is currently offline while we perform system maintenance".

Only the UTC wallet is off line at Cryptsy "for system maintenance" , no other wallets !!!???

I have send a message/ticket to Cryptsy support but they still don't answer for more then 24 hours.

Does anybody know what is the problem Huh
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 09/07/2014, 14:22:00 UTC

About full PoS; We listen to our community!

What we wanted was successful.
Start an open “discussion” on the forum and see the pros and cons.
Our plan was to look in the background what happened and what was the general opinion.

We want to thank everyone for their input, their ideas and their opinions and want to thank also especially some members of their very professional input about full PoS.

Of course, there were also the frequent and useless trollers that where trying to sell complete garbage, fud, lies and even false accusations.
Members who wanted to impose their views on to others with accusations like we only wanted to produce a pump and dump so we could sell big and many other false accusations.  
We will not even mention them all here because we don’t want to answers to such low and false accusations.  

Just to be clear to everyone in our respected community, we are here for the long term and we believe in UTC 100%. UTC is a coin that will remain and will be a real used currency.

So after having read all the opinions and idea’s we will consult first some valued members/coin-devs furthermore by pm to see if there is a better way that will benefit UTC in the long-term.

Bottom-line: We listen to our UTC community and postpone until further notice our plan to go full PoS !

Sit tight in the mean time and please work as a community to get UTC going!

Regards ,
UTC Management



Would you Dev/Management guys be so kind as to tell us what you DO plan to do?

Is there a plan?


I understand this, that's the plan and I believe that's good enough for know I think:

So after having read all the opinions and idea’s we will consult first some valued members/coin-devs furthermore by pm to see if there is a better way that will benefit UTC in the long-term.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 08/07/2014, 17:37:04 UTC

Can we all just focus on the progression of UTC instead of fights on this thread, i must say iam getting pretty tired of it..

Fact is that the decision is made to go full POS and it seems it cant be changed anymore.. 

If anyone thinks that it isnt going to work, fine, there are plenty of other coins to concentrate on..

Why come here and spread fud and false accusations..


+100
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 06/07/2014, 00:28:14 UTC
Did you really just say this? Maybe I am interpreting this wrong, but all I get out of this statement is
"If the decision to go full POS doesn't work out, don't blame the guys in charge, blame the nay-sayers."
Wait what? So the people that are opposing full POS are to blame if full POS doesn't work out. I'm at a loss here as to how you are making that logical jump. Talk about blame shifting and the change hasn't even happened yet.


Wake up dude.

I guess you are miss interpreting yes and you take everything out of context because you only take a view lines of text from that whole statement.
 
If you read better or interpretate better and try to read between the lines you see that the message is like this in my opinion:

>There are pros and cons
>That's ok
>When the discourse is with good arguments it is welcome
>But now this discourse goes the wrong way, it is getting personal and with attacks without any good arguments or even with lies
>This is harming UTC big
>New investors or traders will be scared away because of the continuous attacks
>So if UTC fails or full pos fails a big reason will be that the attackers scared away possible new investors




Guy’s,

What I see the last day is only talking negative shit from a little group of so called "members".

We have community members who are positive to full pos and also community members who are negative.
That’s all ok as long if there is normal discussion about the pros and cons.

But what I see now is that some little group of "members" starting with negativity, false accusations and with personal attacks without any proof.
Next to that I see that we are going back to the time from a view weeks ago when the thread was full of negativity, attacks, provoking and trying people to influence.

Please understand this;
You can be against full pos, but what some “members” are doing now is destroying UTC by constant putting fud on the tread.
So if UTC is going down it is not of changing in to full pos but because of those “members” who are fudding and attacking UTC.
It is as simple as that!
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 05/07/2014, 19:14:28 UTC

To Levole11 and all others, can you remember this message?
 


About the trollers;
> The trollers will never stop with nagging and sucking blood.
> Their task is to hurt and damage the founder and our Ultracoin.
> So they are hurting and damaging all of us by that task they gave their self to do.

Don't feed the trolls; --> This is very important <--
> If you write a message in this tread then please remember how important it is to stay serious and positive.
> If you read a troll message, a troll attack or a message which is full of negativity or fud, then please be strong and simply do not respond and do not answer even
    though the temptation could be great to do that.
> Please understand well that the trollers are working together only to provoke, hurt and damage UTC and the UTC community.
> By not answering and ignoring the trolls and their provoking fud messages you are doing really the best thing you can do for UTC and thus for your self.



I know it is difficult (also for me) but it is still the best advise ever....

Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 05/07/2014, 17:27:08 UTC
My post was directed to king_pin, as this was nothing but FUD and accusations without any arguments to manifest what he said.


This king_pin sets himself completely sidelined with stupid accusations without any proof.
King_pin shows here that he is 100% unreliable and just an enemy of UTC.
People like that must been seen as dangerous trollers and must be put on the ignore list.

And then about this mr. flobdeth.
Also somebody who is unreliable.
He put on is tread a view hours ago some hard accusations to the management team.
Still he did dent come up with good arguments or proof.
Another candidate troller to put on the ignore list.  
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 05/07/2014, 17:00:17 UTC
Bumface... you know what you can do better !?

Stop giving those M***********G negative trollers a audience.

Maybe it is better to close this bitcoin tread.

Let them troll further at http://ultracointalk.org/

Then they will disappear in the shortest time.
 


This is not even a bad idea ....
But than a small group of negative guys know to demolish this forum well
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 05/07/2014, 15:38:36 UTC
Are the devs really thinking of going POS
POS/POW together is a good idea, bot going 100% POS will be the end of UTC!!!
When you read the last posts, you'll notice that we've gone one step further, already. We're beyond the point of just stating "this will be the end!!!!!11", we're already discussing our concerns why or why not this might be the case.


GO GO TEAM UTC....

don't listen to those "Darth Vader's" .....


They don't understand what they are doing with there constant negativity and fearmongering  ....











ULTRACOIN IS GOING FULL POS




Dear UTC Community Members,

As management team we are pleased to announce the new direction of Ultracoin.

The last two weeks we were busy investigating this new direction and discussing it with our coin dev’s.

ULTRACOIN WILL BE CHANGING INTO FULL POS !

This means that from the full PoS update Ultracoin cannot be mined directly anymore.
Generation of new coins and the maintenance of the network are from that moment done through minting instead of mining.
This can be done perfectly through the Ultracoin Multipool.

Off course we don’t take this big decision lightly.

We realize we are giving up one of the prime features of Ultracoin, the asic resistance,
However, in this constantly and quick changing crypto world we don’t think the asic resistance alone will get Ultracoin to a price point where we need it to
be or where we all want it to go.
So after a lot of deliberation, careful thoughts and discourse we have decided to give this feature up to go full PoS.

Our motivation is as follow :

The reason why we are now here in the leads is to change things into the positive for Ultracoin.
In a landscape with new coins emerging every day, our coin needs to be made exclusive if we want it to survive.
It`s that simple....

Currently in today’s society people are not so focused on the meaning of a coin, but mostly to the desire or the limitation of a coin.
Unfortunately our coin has the "curse" of actually being well developed and people don't care much about that.
Scrypt-Chacha is a great algorithm, but it’s not very easy to configure because miners have to change settings constantly, and it runs hot.
This has chased away some people, and that is undesirable.
It's just too much effort for a miner when they can simply go and mine X11 instead and have a lower power bill and increase the life of their GPU.

Next to that, a coin that is 100% asic resistant and high in energy consumption will never be mined to its peak.
Even if PoS rewards are being implemented, it will still not drive the popularity up to a level we aspire to.
Not now at 5,2% PoS but also not at 10% or even at 15% or 20% PoS.

Without trying to sound too negative about our coin, but with allot of opinion asking last weeks, this is how the crypto community feels about our UTC coin.

We feel that for UTC to be a success, we need to tease people more and more with it.
And what could be better than a super-fast Ultracoin which has limited availability !
Not only traders and investors would love this super-fast future but also the web shop owners.

Currently we have some bag holders that have a large amount of UTC and it's not moving around in the market at all.
This is one of our biggest concerns since we want UTC to be a real currency with a healthy market.

Once the coin is pure and full PoS, we believe it will go into a mad craze.
The current daily supply will reduce by factor 19.
We think people won't even care about the bag holders anymore because they just need to get their coins and they will pay top dollar for them.
This will lead to more exclusivity and an up going demand and price.
Have a look at some other coins that have done this before, they had a significant increase in value overnight.

So bottom line: Off course the future has to proof it but we believe that in the long run full PoS will be the right decision for our coin if the lead up to its implementation is correct.

Although we have not responded to the last pages of the forum, we did read everybody's opinion carefully and we have observed that the response was very positive.

Our management team is now busy with our coin dev’s to finalize the investigation and the test to make Ultracoin a full PoS coin.
Since nobody has ever done this with a scrypt chacha coin before this needs some time and fine tuning.
If everything goes as planned then the full PoS of Ultracoin will roughly start within one month or so much sooner as possible.

Please stay tuned for more updates !

Regards,
Ultracoin Management Team


PS-1: we want to ask all of you to help and to spread this great news to as much as chat boxes and troll boxes around. Let everybody knows about Ultracoin is going pure and full pos !    


PS-2: We are also busy with the Minecraft plugin, an android wallet and the CoinPayments regulation in web shops so we are trying to take big steps for Ultracoin.



Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 05/07/2014, 14:04:16 UTC
......

Well we agree to disagree...
There are more scenarios possible.
Indeed every scenario has pros and cons.
And not everybody can be made happy the same.
It is good to show your feelings and start discussions about the scenarios.
And happy to see you can do that also without using swear words.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
Marnie1976
on 05/07/2014, 13:19:51 UTC
flobdeth: that's just more buzzwords. Still not satisfied.
POS is the end of UTC.

The last pump and dump before its end.

I really liked this coin and I thought it had a future right there next to DRK, VTC and BC.
But I guess the developers have other plans.
Can you maybe deliver some arguments to substantiate your theory instead of just throwing buzzwords, please?

History of all other POS coins that have all been pumped and dumped into oblivion.

The most successful alternative coins to litecoin are those that champion different algorithms.
Making ULT POS basically makes it abandon the algorithm market. It's strong point was the scrypt-jane algo.
Maybe, I'm not sure about how things will sort out (to be honest: I do not have any experience with the price-related development of other coins which went into full PoS). What I'd like to know is: what concretely makes PoS worse? I read here that transactions might take longer as an argument, but the counter-argument was that the transaction times were well considered in this decision. So, who's right now?

Also: how many coins are in circulation right now? If I remember correctly, 100kk coins were initially to be released over the period of 1 year (is that correct?), plus the PoS, of course. Now that the supply is being cut way earlier, is there any way to find out what the current total supply is?

And the argument that noone is willing to let his coins sleep in his wallet to support PoS/network: at least I setup a dedicated box which runs my wallet 24/7. I'm not sure about others but I don't think that lots of people would relinquish the interest, as well as I totally cannot imagine that there's so many people letting their coins sit on exchanges over a longer period of time.
And even if that is the case, I could imagine that the exchanges' wallets do have coin control features enabled, so maybe they also support the network (not sure about the amount of movement in exchange wallets in general, so it's just a guess).


If anyone wants to prove me wrong, please do so. At the moment, I'm here to understand the benefits and/or risks of going full PoS, so any arguments (besides "clusterfuck") are highly appreciated.

.edit: grammar

+1..
is flobdeths post deleted? If thats the case, when are you guys going to stop the censorship? Even though i didnt like the negativity, things arent going to get more positive by censoring...


I don't agree with you.

If somebody can not have any serious conversation or normal discourse and he can only be negative and talks about f**k this and f**k that and f**ked in the ass then delete that person post.

That is not censorship if the devs delete... it is just keeping this forum normal and respectful.