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Post
Topic
Board Scam Accusations
Re: ULTRACOIN TEAM SCAM
by
Official Ultracoin Team
on 15/10/2014, 22:03:23 UTC


To everybody who is interested.

Please read this quote below from our official Marketing and PR Director of UTC and all will be clear for you.

The case off this exiting "conspiracy theory" is closed by this statement for our Official Ultracoin team.

Off cours, we are still open for questions from everybody about it by email.

For the rest will this case be closed for our Ultracoin team so we can put our energy to serve Ultracoin and only Ultracoin !


It has been to the attention of the Ultracoin management team for some time that the pools http://ultracoins.info/, http://ultracoiners.info/ and http://www.ultracoinpool.info/ are not being run per our standards. This is why, after unanimous agreement, we have decided to demote these pools to unofficial status. It is important that infrastructure endorsed by the management team is top of the line and supported with a competent operator in charge. That is why we are hiring Kracko as a pool operator and full time developer for Ultracoin. It is no secret as to Kracko's achievements in the past month as partners with us, we have seen three new pools, including a multi-pool, support for Ultrablockparty, support for the old development pools and other technical developments behind the scenes. All three of Kracko's pools will now don official status, making four official pools including Ultrablockparty, our newest European pool. I have full faith in Kracko, his talents as a developer are truly impressive and his professionalism is impeccable, a rarity in the crypto world. I am very excited to have him on our team as he will be a tremendous player in the future of Ultracoin.

I ask at this time that everyone who is currently on an unofficial pool consider switching to utc.tumblingblock.com, utc2.tumblingblock.com or ultrablockparty.com for the following reasons:

* Due to resource restrictions on the old pool's, the orphan rate is higher for other pools. This is due to a bottleneck being created on the server that the old pools are hosted on. Spreading the hashrate will not only increase the security of the network, but it would also make sure other miner's, including new miner's, have a reason to mine Ultracoin.

* The new pools are much more secure than the old pool's and are always supported. If there is an issue on the new pools, rest assured that we can support them and fix issues as they arise. Our goal is to prevent issues before they ever even happen.

* We now have a European pool, Ultrablockparty.com, it is the only pool located in Amsterdam. This gives many users a much more efficient pool to mine on and also diversifies our pool's geographically.

* Our new pool's are blazing fast. Based on dedicated servers powered by highly efficient hardware including SSD's and high end Intel's, you can be sure that your hash is being processed as efficiently as possible.

* You will know your hash is being used correctly, by creating incentives to spread the hashrate, we will no longer see miners congregating on one pool. This way, you know that your contribution to the network is always a healthy one.

* More fee's go to the dev team, with our own proprietary pool's and support, less funds go into overhead and more goes to developments.

* Faster pool's allow the blockchain to load faster in wallets.

Pool's are the life blood of any crypto-currency, and that is why we are taking them seriously and only supporting the best pool's for Ultracoin. This way we can offer the community a consistent, high quality experience while mining. Please consider making the switch today.

Sincerely,

Steven "Rapture"
PR & Marketing Director
Steven@Ultracoin.net

Post
Topic
Board Announcements (Altcoins)
Topic OP
[Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions!
by
Official Ultracoin Team
on 06/08/2014, 17:51:21 UTC
updated Tues 13th November 2018 - usukan

Please note that the Main UltraCoin Website (ultracoin.io) is currently being upgraded - some links to this site and others may be down periodically while we work through these changes.  Thank you for your patience.



LATEST NEWS -


Ultracoin is also listed on Altilly - https://www.altilly.com/market/UTC_BTC


UltraCoin is listed on Cryptopia - https://www.cryptopia.co.nz/Exchange/?market=UTC_BTC








WALLET UPDATE REQUIRED:

Ultracoin has hardforked to a new and much improved wallet. This new wallet addresses many issues including the diff re-targeting causing trouble for miners and includes more efficient staking plus increased staking rewards (new wallet after fork - 5.6% PA).

The fork occurred without any issues after several months of exhaustive testing, November 13th , 2016 (block number 1,824,237).

You MUST download, install and run the new wallet.  The old wallet will not function correctly after the fork.


  The new wallet files can be downloaded from here:


    Official Download
    Mirror Download

    This link has downloads for both 32x and 64x Windows installations.

    The simplest installation of the new wallet is via running the appropriate setup.exe for your Windows operating system - either 32x or 64x i.e. "UltraCoin-v1.0.0.0-Win64-Setup.exe" or "UltraCoin-v1.0.0.0-Win32-Setup.exe"

    This applies if you want to install a NEW Ultracoin wallet - OR if you want to update and old installation.

    So - if you have a Win64 operating system - just download and run "UltraCoin-v1.0.0.0-Win64-Setup.exe"

    Once the installation has completed - you need to be sure to run the correct ultracoin-qt.exe so the NEW wallet opens (i.e. don't use your old desktop shortcut).

    Best create a new desktop shortcut - as follows

    - Navigate to C/Program Files/Ultracoin folder
    - Find the file ultracoin-qt.exe
    - Create a shortcut to this file - and put it on your desktop.

    Use this new shortcut to run the new wallet (and best to delete your old desktop shortcut)


    As always - be sure to back up and save your wallet files (wallet.dat) to several other storage devices.

    If you know what you are doing - you can use the .zip files shown in the MEGA download link (i.e. ultracoin-qt-v1.0.0.0-Win64.zip) to manually configure your own wallet installation.





Ultracoin is ultrafast with an transaction speed of 6 seconds and it needs only 60 seconds for confirmation !

Ultracoin is a hybrid proof-of-work / proof-of-stake coin, whereby active nodes are involved in the mining of blocks if they hold Ultracoin.
With Ultracoin you can send and receive currency worldwide to friends, family or business partners.
You may even exchange it for other currencies or simply use it to buy goods.
Miners are currently awarded with 10 new Ultracoins per block, an amount which gets halved at 4,000,000 blocks, and then again at 6,000,000.
The Ultracoin network is therefore scheduled to produce 100 million Ultracoins, which is almost 4.5 times as many currency units as Bitcoin.

Ultracoin can be mined with both CPU's and GPU's.
Furthermore, with an ASIC resistant Scrypt ChaCha base, you can feel at ease.
This will ensure that you won't be surprised by new hardware technologies.
UTC is a hybrid proof-of-work/proof-of-stake coin, whereby active nodes are involved in the mining of blocks if they hold UTC.

The Ultracoin Mission

To create a première, accepted, easy to use, decentralized and supported crypto-currency with enough mass appeal to become seriously disruptive to the current economic system. To remain competitive in an unforgiving and ruthless free market in competing currencies, and never become a commodity. To become a powerful alternative to debt backed fiat, and never lose sight of that purpose. To take economics seriously, with disregard to gimmicks and manipulation. To provide stable releases that can serve users without fail. To garner a community united by a common purpose, mutual self-interest, and passion for crypto-currency. To take our communities investment, time, talent, and effort to the future, instead of "to the moon". To create a currency worthy of voluntary acceptance, without "legal tender" laws. To create money that will last years beyond generations, and not money that will be losing its value, starting wars, manipulated by political agendas, controlled by banks, printed to infinity, forced upon the people, squandering savings accounts, propping up the financial sector, or controlled by the few. To create a currency that will be recognized beyond political affiliations, geographical boarders, or nationalities. To change the face of currency and the way commerce is performed as we know it.

  • Total coins: 100,000,000
  • Premine: 2% (1.6% IPO / 0.3% DEV / 0.1% REWARDS)
  • Block time target: 60 seconds
  • Block reward: 10, halving at 4,000,000 blocks
  • Difficulty retarget over 10 blocks (Max 8% Up, 16% Down)
  • Mined block confirmation: 50
  • Transaction confirmation: 5
  • NFactor Integration - Currently NF14
  • Port: 44100
  • Rpc port: 44101

Proof of Work Reward Rate & Schedule
  • 10 UTC per block - 4,000,000 (Current)
  • 5 UTC per block - 6,000,000
  • 2.5 UTC per block - 8,000,000
  • 1.25 UTC per block - 20,000,000
  • 1 UTC per block - 25,000,000
  • .5 UTC per block - 30,000,000
  • .25 UTC per block - 40,000,000
  • .125 UTC per block - 50,000,000
  • .01 UTC per block - 208,145,600

Proof of Stake Reward Rate & Schedule

  • 5.6% per year (Current)
  • 3% per year at block 3,000,000
  • 1.5% per year at block 4,000,000
  • 1% per year at block 8,000,000



UltraCoin WAVES Token


Recently - The UltraCoin Community was issued a token (UltraCoin Asset ID DxG3PLganyNzajHGzvWLjc4P3T2CpkBGxY4J9eJAAUPw) on the WAVES platform by members of the WAVES Community as a promotion and demonstration of the synergies possible between different Cryptocurrencies.  This token was distributed to UltraCoin Community members based on current UltraCoin holdings and support for UltraCoin irrespective of their current UltraCoin holdings - on a voluntary basis.  This was not an official UltraCoin project but it now presents UltraCoin with some new opportunities.

First - we can consider the UltraCoin WAVES token as an ''extension" of Ultracoin itself.  The UltraCoin Token will be tradeable on the WAVES decentralised exchange (DEX) in the future and convertible to BTC, other cryptos/assets/tokens and convertible to FIAT currencies through WAVES gateways.

- WAVES has provided wallets in Win/Apple/iOS/Android for this token - allowing the UltraCoin Community members a wide range of use and development options.

The UltraCoin WAVES token can be stored on the WAVES Lite Client - available here.  https://wavesplatform.com

https://chrome.google.com/webstore/detail/wavesliteapp/kfmcaklajknfekomaflnhkjjkcjabogm

Android - https://play.google.com/store/apps/details?id=com.wavesplatform.wallet

Github - https://github.com/wavesplatform/WavesGUI/releases


The UltraCoin WAVES tokens are now traded DIRECTLY on the WAVES DEX (decentralised) exchange against many other digital currencies including BTC WAVES etc - trading is done directly from your own WAVES wallet.  Its a very impressive technology.



- The Waves platform will also release "multigateway'' templates in Scala allowing direct conversions of UTC to UTC Tokens - and back to UTC - further adding seamless utility to this UltraCoin extension provided by the token.
- The UltraCoin WAVES token may also be listed on Cryptopia allowing many, simple and diverse trading opportunities in the near future.

The WAVES issuer of these tokens (Team @Cripto) will also issue Tokens as REWARDS to any UltraCoin Community Member who contributes to the UltraCoin Development Fund.  They have stated that they will issue rewards at the rate of 1,000,000 UltraCoin tokens minimum per 1 BTC contribution until the reserve runs out - and this system has already been used by one member.  (Contact usukan or Rapture333 if you wish to make any contributions).

Further to this Team @Cripto has made a generous gift of UltraCoin WAVES tokens to the Official UltraCoin WAVES wallet to fund future development of UltraCoin.  Additionally two community members have also made very significant contributions to this same fund.  In the future we hope to be able to use this fund for specific UltraCoin development projects.

This is an experiment in the making using cutting edge crypto functionalities - we have no idea how it will evolve - but follow the progress - only on UltraCoin.
No other Crypto currency currently has a token like this - as an extension on another blockchain.





Please Note :
This thread is self moderated.
Trolling and baseless accusations will be removed without consent.
Please mind your manners and report incidences of malice accordingly.
Thank you and enjoy
!




Code:
Create an ultracoin.conf within your %APPDATA% folder and add these lines:
 
 rpcuser=youruser
 rpcpassword=yourpassword
 rpcallowip=127.0.0.1
 daemon=1
 server=1
 listen=1
 
Start the ultracoin client, edit solo_mining.bat with the specified user and password, and run the .bat. Enjoy mining!
NOTE: Please set expiry = 1, scan time = 1, and queue = 0 in cgminer to receive lower rejects. Thanks!


WHAT IS PROOF OF STAKE ?

Code:
5.60% interest per year if you:

1. Have UTC in wallet
2. Don't spend it  
3. Have wallet online as much as possible - you can update your stakes every 2-3 weeks
4. Have wallet unlocked for minting, do this like so:
    - Just "click" the Staking box on the wallet Overview and enter your password  

In Depth Explanation of POS: https://en.bitcoin.it/wiki/Proof_of_Stake


        Please visit our site HERE to browse the most up-to-date list of UTC Services.





        Please visit our site HERE to browse the most up-to-date list of UTC Marketplaces.

        So, you now have UTC? What else can you do with it besides sell/hold it? How about buy stuff. After all, that is the purpose of a currency - to exchange it for goods and services. Below you will find the available (these will be reinstated when UTC lists on Cryptopia.co.nz) shops whom accept UTC!










        Original Post:

        [/list][/list][/list]
        Code:
        Hello,
         
        I would like to take this opportunity to announce the release of our coin called :[b]Ultracoin (UTC)[/b] on [u]February 1st[/u].

        [b]which is asic-resistant[/b]

         
        We have been working hard to finalize our coin, and I have been fortunate enough to work with a team consisting of a good dev and a professional external consultant to help guide the entire process. We have also commissioned custom pool software with real time API data to our website to track various statistics, such as users, hashrates and current difficulty.
         
        You may know me (bumface) as a chat moderator on btc-e, however i would like to emphasize the fact that this coin is [u]not[/u] an affiliate of btc-e, but a personal endeavour with a proper team.
         
        Through our common love for crypto we got together as equal partners to make this coin a reality. We have offered rewards in BTC and UTC for many jobs, and some jobs are still open (Please view the 'Rewards and Bounties' section.)

        We are currently in negotiations with multiple exchanges

         
        Announcement                             : 13 jan.
        Launch and                         : February 1st.
        Mining start                                : X

        We have this logo as a temperary logo, we have commissioned a logo by a real graphic designer, if this does not work out, we will organise a competition with a reward.


        [size=10pt][size=10pt][size=10pt]Launching time:7:00PM UTC
        [url=http://www.timeanddate.com/countdown/generic?iso=20140201T20&p0=16]http://www.timeanddate.com/countdown/generic?iso=20140201T20&p0=16[/url]


        Website:http://www.ultracoin.net/

        #ultracoin on [url=http://webchat.freenode.net/]http://webchat.freenode.net/[/url]
         
        [i]Please view the technical specifications and information below: [/i]
         
         
        -2 equal partners (ziggy and bumface)

        -Scrypt-ChaCha  
         
        -Pow/Pos

        ultracoin is a hybrid proof-of-work/proof-of-stake coin, whereby active nodes are involved in the mining of blocks if they hold utc.
        this will give a strong incentive to a. hold coins and b. be an active node (e.g. have wallet open/running) on the network.

        this means that, under certain circumstances, you may accrue 20% proof-of-stake interest per year on the coins you own.

        a good source for more information is https://en.bitcoin.it/wiki/Proof_of_Stake
         
        -Total coins: 100,000,000
         
        -Premine: 2% (2 million UTC, please view public premine distribution ledger below.)
         
        -Block time target: 30 seconds
         
        -Block reward: 50, halving every 990,000 blocks
         
        -Difficulty retarget:max 200% per 30mins
         
        -Mined block confirmation: 50
         
        -Transaction confirmation: 5
         
        -Port: 44100
         
        -Rpc port: 44101
         

        [u]Windows-qt client:[/u]
        [url=https://mega.co.nz/#!M9cCAaCZ!PUnxoWI8GfUgDTkwRK9NsPLrjsFQxvsMreFND6FXV_Q]https://mega.co.nz/#!M9cCAaCZ!PUnxoWI8GfUgDTkwRK9NsPLrjsFQxvsMreFND6FXV_Q[/url]

        [color=red]OFFICIAL POOL 1: [/color][url=http://www.ultracoinpool.com]www.ultracoinpool.com[/url]  NOT open yet for registration

        [u]CPU Mining:[/u] Open the console and type setgenerate true to start mining.
         

        [color=red][u]GPU Miner:[/u] [/color]

        [url=https://mega.co.nz/#!AwkFGQRR!LYwU5DXzLeVKyTXpVsNgNifre8ANFxHUVHwgt0Q-rZs]https://mega.co.nz/#!AwkFGQRR!LYwU5DXzLeVKyTXpVsNgNifre8ANFxHUVHwgt0Q-rZs[/url]
         
         Open ultracoin.conf and add these lines:
         
         rpcuser=youruser
         rpcpassword=yourpassword
         rpcallowip=127.0.0.1
         daemon=1
         server=1
         listen=1
         
         Start ultracoin client, edit solo_mining.bat with user and password, run the .bat, done.
         
        please set expiry = 1, scan time = 1, and queue = 0 in cgminer to lower rejects.

        [u]logos:[/u]
        [url=http://nl.tinypic.com/view.php?pic=hu5dzq&s=5#.UtRZGPTuLkJ]http://nl.tinypic.com/view.php?pic=hu5dzq&s=5#.UtRZGPTuLkJ[/url]
         
        [u]Source:[/u]
        [url=https://github.com/dx11/ultracoin-2]https://github.com/dx11/ultracoin-2[/url]

        [u]Twitter:[/u] [url=https://twitter.com/official_utc]https://twitter.com/official_utc[/url]
         
        -------------------------------------------------------------------------------------------------------------
         
        [i]-Why is there a premine?[/i]
         
         
        You will probably have noticed a 2% premine, allow me to explain why we did this. We wish to be open about every single coin in existence, so you may see where it went and why.



        [b]Public premine distribution ledger:[/b]
         
        [u]-1.600.000 UTC[/u] are available to purchase by any potential stakeholder (Please view stakeholders proposition below.) in an open bidding system with a minimum bid of 0.00005[btc]              
         
         
        [u]-100.000 UTC[/u] go to partner 1:[u]Ziggy[/u] (dev)                                                                                                                      
         
        [u]-100.000 UTC[/u] go to partner 2:[u]bumface[/u] (founder)                                                                                                                
         
         
        [u]-100.000 UTC[/u] go to our professional external consultant. (as well as 5 btc)                        
         
        [u]-100.000 UTC[/u] go to rewards for jobs done by any capable developer, for example: making an android wallet, or making a working  
        mining pool with real-time API data link to our main website. (also btc rewards)
         

         
         
        Please note that every partner gets [u]0.1%[/u] of the total number of coins, we feel this is not unreasonable as a compensation for our time and investment.
         
        We will have the balance of our wallets visible on our homepage  so everybody can see when we sell coins from our personal wallet. The reason we do this is because we feel there are too many coins where the premine is left unexplained and there are vague wallets with unidentified coins and owners.

        We hope that this will foster a good relationship with the community.
         
        ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------  
         
        [b]What is different about Ultracoin??[/b]

        Let be honest, the code is not the most difficult part of an endeavour like this,although scrypt ChaCha is not the easyest thing to do because of enhanced asic resistance.

        So what is left then? ......the team.The people behind it. What is their intention? what is their vision?


        Ultracoin has employed many influential people for ammounts like 5 btc, 10 btc and 15 btc per person as well as UTC rewards.Every person brings a different skillset to the table and is hard at work to make things happen for UTC.

        It is not yet super evident to the public how this will unfold into actual results, but if you keep an eye on us you will see many fast and wonderfull developements.


        Without this kind of support a coin is just a coin, and has no real future.We wish to stand out from a legion of altcoins and with the building of this community we will achieve that.
        ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
         
        [b]Stakeholders proposition[/b]

        BIDDING IS CLOSEDSTAY TUNED

        ALL OFFERS ACCEPTED, NOBODY REJECTED
         
        The reason we want to sell of coins during the launch is because not everybody has an ability to mine coins, this would give an unfair advantage to early miners.
        They would get a fairly large amount of coins due to low difficulty, giving a great advantage over traders who have to wait until our coin is accepted on exchanges.
         
         
         
        [i]Stakeholders rights:[/i]
         
        Stakeholder have a right to be anonymous for as long as they please (including in perpetuity).
         
         
         
        [u]A total of 1,600,000 UTC will be available to purchase[/u] right after the UTC launch by anybody who desires to do so. These 1.600,000 UTC will come out of the 2% premine, [u]not[/u] on top of it. This means 98% (98 million UTC) of all coins can be mined by anyone with a GPU or CPU.
         
        We will accept open offers with a coin amount and price of your choice (with a minimum bid of 0.00005 btc per unit of UTC), and will select people until all 1,600,000 UTC is sold.

        We will launch as on February 1st, however you may make an offer to us now as of [u]now[/u].

        Please send your offer to [b]X[/b]. Offers will be entertained and replied between 13-1-2014 and 27-1-2014



        this offer must include:

        - your (nick) name this name will be on our website along with your UTC adress to offer total transparancy, if you wish to remain anonymous put an X here.

        -The ammount of UTC you wish to purchase

        -Your UTC unit price (with a minimum of 0.00005[btc]) and the totals in UTC and BTC.




        [i]Example message:[/i]

        name             : billy
        UTC amount     : 10.000 (ten thousand)
        unit price         : 0.00005
        total             : 0,5[btc]


        you may copy & paste this

        name             :
        UTC amount        :
        unit price         :    
        total             :      [btc]

        If your offer is accepted you will recieve an adress to send [btc] to, and as soon as we have received and verified your [btc], you will receive an e mail confirming your payment.We will destribute all the wallets to stakeholders on the same day as the wallet link goes up, and then you will recieve your coins( this is to prevent early mining and also reduce chance of 51% attack


        please note that verification will not be optimal in the beginning since we need the miners to act as nodes (Custom pool software is being built).


         


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


        [i]-What will happen with the [btc] that comes in?[/i]


         
        A portion of this amount will be used for rewards and bounties to further the development of Ultracoin (please view the rewards and bounties section below), as well.
         
        The remainder of the BTC will be divided under the 2 equal partners to recoup the investment in this coin, and yes, we will also earn [btc] with this endeavour.
         
        Also note that we are in this thing for the long haul and we are thinking long term, so because we might sell our coins years from now, the 2 partners will take some BTC at the start from the stakes that are sold.
         
        We have no intention of dumping our coins when it reaches a certain value and then abandon this project. We would also like to state that we have no intention of becoming the next hype coin, with a massive rise in the first week and then a downwards slope without recovery. If this is what you desire there are many hypecoins to choose from, but that`s not us.
         
        Bitcoin took 5 years to get to this level, so we have all the time in the world. We would rather have slow growth towards a truly stable coin than the next hype coin.


        [i]Please note that we would also like to ask larger stakeholders to sell responsibly right after launch, so that a healthy market may form.[/i]



        ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
         
        [b]Rewards and Bounties [/b]
         
         
        We will be giving rewards/bounties for certain jobs paid in BTC and/or UTC.



        Our dev will review your work, and if it is selected we will launch it for a 2 week evaluation period in which the community can use it so we may test it for flaws and bugs.
         
        After the work has passed the quality norm,you will receive your reward, and it will be visible on our homepage.
         
        such jobs include:
         
        -Blockchain explorer       -     7500 UTC

        -Android wallet              -     3000 UTC
         
        -Mac wallet                   -     3000 UTC

        -mac os gpu miner         -     3000 UTC

        -Linux wallet                 -     3000 UTC
          
        -Linux gpu miner            -     3000 UTC


        If you feel you are a capable developer, you may start one of these jobs at once, please announce that you are working on it on this thread.

        ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
         
         
        We hope to have informed you properly and openly about our project and we know that we are nothing without acceptance from the community. Crypto is an open market and we hope we can provide a stable coin with a proper and dedicated team behind it, however the community will decide our success or failure so please join us and make ultracoin a success.
         
        Thank you :D
        Post
        Topic
        Board Announcements (Altcoins)
        Topic OP
        ULTRACOIN 2.0 NEW FORUM ~ Ultrafast 6 seconds transactions and Asic resistant !
        by
        Official Ultracoin Team
        on 06/08/2014, 17:26:31 UTC





        Post
        Topic
        Board Announcements (Altcoins)
        Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
        by
        Official Ultracoin Team
        on 05/08/2014, 17:33:00 UTC







        MIGRATION BITCOINTALK TO ULTRACOINTALK



        Dear UTC Community Members,

        after some deliberation, we have decided to close down the Bitcoin Talk thread in turn for migrating over to Ultracoin Talk. The thread will be closed down (after cooperation from Micheal) three days from now on August 8th, 2014. We will continue to keep the alive as an archive (after cooperation from Micheal), however, no new posts will be made as the thread will be locked.

        All new topics related to Ultracoin should be made at www.Ultracointalk.org/ .  Again, after the 8th of August, you will no longer be able to post on this thread.

        There are several reasons we are making this migrating to www.UltracoinTalk.org :

        1) This is the next step in the evolution of Ultracoin. In order for Ultracoin to be perceived by investors as a serious coin, we need to branch off from our affiliation with Bitcoin. We do not want to be just another alt-coin, in order for us to stand up on our own two feet we need: merchant acceptance, features, branding, infrastructure, and community. This move emphasizes the last three. Investors who see Ultracoin on the forum will only see it as another potential alt-currency, investors who see Ultracoin on its own dedicated forum will see it as an established currency with a large community.

        2) This will inspire less linear discussions. Currently, discussions on this thread are like having a group of students in a University classroom, we have debates, discussions and technical talks. However, what if we could open up to more classrooms, more discussions, debates, questions and answers. That is exactly what moving over to UltracoinTalk will do. Ultracoin will develop faster and individuals voices will be heard louder because of the diverse nature of having multiple discussion boards. Currently all past discussions are being lost in the virtual tidal wave.

        3) Discussions will be archived. How do you know what topics are popular? Which issues are rising in popularity and what services are being offered? How do we know who is offering services for Ultracoin when we may have missed the latest pages explaining the development? On Bitcoin Talk, we don't, on UltracoinTalk, discussions are archived and organized for future reference. Topics with the most views float to the top, and unpopular threads and discussions are buried until later retrieved.

        4) This will organize the community. Did you hear when we started our e-mail campaign to reach out to new businesses? Did you hear when users created Ultracoin wallets and other memorabilia? You may have in the past, you may have forgotten about it. The truth is, without an organized forum it is almost impossible to keep up with what is going on in the community. This should solve that as well.

        If you haven't already, sign up for an account over at www.UltracoinTalk.org/ , if you have any trouble signing in, accessing the site, or browsing please contact me at steven@ultracoin.net. During this three days period we will be assessing the site and its ability to process a large amount of connections. So far UltracoinTalk connects to thousands of unique visitors a month with no issues, I do not foresee any issues during the next two weeks, but as they say it's better to be safe than sorry.

        Please, make an account today and test out the site for yourself.
        If you have any inquiries feel free to contact me.

        This is the next step in Ultracoin's evolution, let's take the leap together!

        Sincerely,

        Steven “Rapture333”
        Marketing & PR Director
        UltracoinTalk Webmaster
        Steven@Ultracoin.net

        Post
        Topic
        Board Announcements (Altcoins)
        Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
        by
        Official Ultracoin Team
        on 09/07/2014, 13:45:07 UTC







        BOUNTYS


        Dear UTC Community Members,

        We still have some serious bountys waiting for anybody who can do the job....

        - Android Mobile Wallet                     15000 UTC
        - iOS Mobile Wallet                           15000 UTC
        - Android-Ultracoin Game                    5000 UTC
        - iOS Game Ultracoin                           5000 UTC
        - Windows Phone Ultracoin Game         5000 UTC
        - Twitter Tipper Bot                             5000 UTC
        - Google + Youtube Tipper Bot             5000 UTC


        Post
        Topic
        Board Announcements (Altcoins)
        Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
        by
        Official Ultracoin Team
        on 09/07/2014, 13:26:47 UTC








        POSTPONE FULL POS




        Dear UTC Community Members,

        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 answer 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
        Post
        Topic
        Board Announcements (Altcoins)
        Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
        by
        Official Ultracoin Team
        on 04/07/2014, 14:38:35 UTC








        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
        Official Ultracoin Team
        on 01/07/2014, 19:25:49 UTC








        MANDATORY WALLET UPDATE



        UPDATE NOW THE MANDATORY WALLET UPDATE V.1.0.4.1




        Dear UTC Community Members,


        PLEASE DOWNLOAD ONE OF THESE FILES FOR THE WALLET UPDATE :  

        > Ultracoin Windows Wallet V1.0.4.1 Download here
        > Ultracoin MAC Wallet V1.0.4.1 ( Untested ) Download here


        HOW TO UPDATE THE WALLET ? :

        Step 1 : Type %appdata% in the windows search box (You see it when you click the start button)

        Step 2 : Find the Ultracoin folder

        Step 3 : Copy the wallet.dat securely into a backup folder you choose (DO NOT DELETE OR CUT YOUR WALLET.DAT FILE)

        Step 4 : Delete everything in the appdata/ultracoin folder (BUT DO NOT DELETE THE WALLET.DAT FILE !!)

        Step 5 : Download the wallet of your choice (Windows or MAC)

        Step 6 : Extract the folder from the download somewhere, now drag the Ultracoin-qt.exe from the new download into your normal wallet folder (not into the appdata/ultracoin folder but your wallet folder)

        Step 7 : Click yes when it asks "do you want to replace the file"

        Step 8 : Start the wallet. It will now download the entire blockchain again (this will take some time)



        The update V1.0.4.1 addresses the following content:
        > POS 5,2% p/year – 0,1% p/week (starting as from block 450000)
        > Some small new futures and new pop up warning screens
        > Using the new UTC 2.0 logo

        Remember; for Stake Minting at V1.0.4.1 you will have to keep your wallet open for 24/7 and Enable Stake Minting with your password !
        Post
        Topic
        Board Announcements (Altcoins)
        Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
        by
        Official Ultracoin Team
        on 30/06/2014, 15:49:42 UTC









        PRE-ANNOUNCEMENT OF MANDATORY WALLET UPDATE V1.0.4.1

        Available July 1st 2014


        Post
        Topic
        Board Announcements (Altcoins)
        Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
        by
        Official Ultracoin Team
        on 26/06/2014, 19:06:23 UTC









        MANDATORY WALLET UPDATE



        UPDATE NOW THE MANDATORY WALLET UPDATE V.1.0.4.0




        Dear UTC Community Members,


        PLEASE DOWNLOAD ONE OF THESE FILES FOR THE WALLET UPDATE :  

        > Ultracoin Windows Wallet V1.0.4.0 Download here
        > Ultracoin MAC Wallet V1.0.4.0 ( Untested ) Download here


        HOW TO UPDATE THE WALLET ? :

        Step 1 : Type %appdata% in the windows search box (You see it when you click the start button)

        Step 2 : Find the Ultracoin folder

        Step 3 : Copy the wallet.dat securely into a backup folder you choose (DO NOT DELETE OR CUT YOUR WALLET.DAT FILE)

        Step 4 : Delete everything in the appdata/ultracoin folder (BUT DO NOT DELETE THE WALLET.DAT FILE !!)

        Step 5 : Download the wallet of your choice (Windows or MAC)

        Step 6 : Extract the folder from the download somewhere, now drag the Ultracoin-qt.exe from the new download into your normal wallet folder (not into the appdata/ultracoin folder but your wallet folder)

        Step 7 : Click yes when it asks "do you want to replace the file"

        Step 8 : Start the wallet. It will now download the entire blockchain again (this will take some time)



        The update V1.0.4.0 addresses the following content:
        > POS 5,2% p/year – 0,1% p/week (starting as from block 450000)
        > Some small new futures and new pop up warning screens
        > Using the new UTC 2.0 logo

        Remember; for Stake Minting at V1.0.4.0 you will have to keep your wallet open for 24/7 and Enable Stake Minting with your password !

        Post
        Topic
        Board Announcements (Altcoins)
        Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
        by
        Official Ultracoin Team
        on 25/06/2014, 20:58:27 UTC









        THREE OFFICIAL ULTRACOIN MINING POOLS



        Dear UTC Community Members,


        Please remember that its very important we spread the hashrate !

        It is the best to spread at our own official pools.

        Ultracoin have now three official pools.

        Please use one of them to mine Ultracoin.


        Ultracoin DEV Pool : http://ultracoinpool.info/

        Ultracoins DEV Pool ( NEW ) 2,5% FEE  : http://ultracoins.info/

        Ultracoin Multi Pool     : http://www.cryptotrain.net/






        Post
        Topic
        Board Announcements (Altcoins)
        Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
        by
        Official Ultracoin Team
        on 22/06/2014, 23:08:51 UTC








        ULTRACOINTALK FORUM



        Dear UTC Community Members,


        Start a topic today over at Ultracointalk.org

        The OFFICIAL and only forum on the internet dedicated to Ultracoin.

        A place that Ultracoin can call home, and a place that discussions can be documented, filed and retrieved for the future.

        Nothing shows investors a community is dedicated more than its own forum !

        Consider signing up and joining the discussion today !



        Ultracointalk.org

        Post
        Topic
        Board Announcements (Altcoins)
        Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
        by
        Official Ultracoin Team
        on 22/06/2014, 20:03:18 UTC








        PRE-ANNOUNCEMENT OF MANDATORY WALLET UPDATE V1.0.4



        Dear UTC Community Members,


        We are happy to announce that we are in the final phase of testing the new wallet update V1.0.4.
        This will be a mandatory wallet update.


        The update addresses the following content ;


        > POS 5,2% p/year – 0,1% p/week
        > Some small new futures and new pop up warning screens
        > Using the new UTC 2.0 logo


        Remember ; for Stake Minting at V1.0.4 you will have to keep your wallet open for 24/7 and Enable Stake Minting with your password !


        Within two weeks (or much sooner) the new Wallet will be available.




        Post
        Topic
        Board Announcements (Altcoins)
        Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
        by
        Official Ultracoin Team
        on 20/06/2014, 01:10:28 UTC


        1. POS Update with Window and Mac wallet ~ 5.2% p/year and 0,1% p/week ( http://en.wikipedia.org/wiki/Proof-of-stake )
        2. Android mobile wallet
        3. Iphone mobile wallet
        4. Increased acceptance of CoinPayments on web shops
        5. Update content on website and BitcoinTalk original post



        Please answer the question regarding POS to date.  There are many of us that have been staking coins from the start of this coin and were promised a 20% interest after one year.
        We stand to lose approximately 10% interest on our stake, if the POS is changed.  How is this going to be addressed?


        Firstly, please remember and realize that we have to start where the old team left off.

        About the very first coin spec’s:
        The very first and original parameters of UTC made by ziggy are unsustainable and irresponsible for the future and life cycle of UTC (Block reward 50 + 20% POS).
        That's why the old team was in urgent need to made changes to the block reward. They explained and discussed the urgency of the changes before with the community in the tread and the community accepted it. So that discussion about the block reward change is closed allready.

        About the POS:
        The POS was still “under construction” by the former and old team since day one.
        A lot remained unclear for everybody.
        Unfortunately they never clearly communicated this and thereby never changed the website and bitcointalk text.
        In a former IRC meeting (23th of May) changes been decided by the old team in agreement with the community (POS 5,2% p/year).
        But unfortunately, again, the old team did dent made the final decisions and did dent implemented the POS update and also they did dent inform enough about any progress or about changes or non-changes.

        In the mean time we all know what happened with a part of the old team, their cooperation and their projects.
        This is something we cannot change even if we wanted to change it.

        All of this happened before the new team was formed. So this is totally out of the control of the new team.

        In this case I hate to be the bringer of bad news but to be very clear to everyone: There is no POS from day one till know !

        As far as I am allowed and can do so I want to make my apologies for all of this.
         

        Future and POS:
        This last week our new team made quick decisions to start the POS finally and gave assignment to our Coin Dev to create the update as soon as possible.
        The plan for realizing the POS update on the chain is two weeks from now.

        The update for POS will be, as spoken and agreed in the former IRC meeting; 5,2% p/year ~ 0,1% p/week.
        This decision is final and can not be changed anymore.

        So this means for everybody (also for all the management team members) that we can collect our very first and weekly POS just in about three weeks from now.

        Whit that sad we believe that 5.2% interest p/year and 0,1% p/week is very high and the maximum for funds you can use whenever you want to.

        As responsible managers we must do what is the best for UTC future and we fully believe this is the correct and right way.

        Furthermore I wish everybody can understand that we can not change things from the past. We all have to accept them as they are.
        We are sorry if some things or some decisions upset some people but we count in this of your understanding.


        Post
        Topic
        Board Announcements (Altcoins)
        Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
        by
        Official Ultracoin Team
        on 19/06/2014, 22:39:44 UTC








        Bumface said this before;  “......It is a long way to success if you don’t want to create a pump and dump coin with a short life…”

        Meanwhile, we can all agree that for Ultracoin the walked road was full of bumps and obstacles even with some enemies on the road who wanted the coin to fail.
         
        But remember also Xwebnetwork his strong motto; “If you are going through hell, keep going".

        We can say that’s just what Ultracoin did and keeps on doing
        !



        Before we tell more, we would like to thank some special members of the Ultracoin team. DCGirl and Xwebnetwork, who did tremendous work for UTC.
        And not to forget the positive attitude of the common sense guy and community leader Ultrasmart.

        But for now we have to get on going. We need to take over the steering wheel and get Ultracoin back on the road again.
        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 want to do this all with a positive, fine-tuned, structured, dedicated and professional team which will make quick decisions to make things happen when
        they are in need to happen.

        Off course this will not be possible all the time, 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 we assure you we have the funds and capabilities to make them happen.

        One thing we can guarantee: Ultracoin is changing into a new better version of itself and it will reach the place where it belongs.
        We promise you that
        ….
        .


        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.

        Very important tasks for the success of UTC will be marketing and news releases.
        By that way we can reach out and attract new supporters, new miners, new buyers and big new investors.

        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.

        In the very near future our team will start with more intensive marketing and want to coordinate those marketing actions together with you all.
        We want to form a strong Twitter-Army and a Facebook-Army together with you !

        So let us join our forces and bring Ultracoin to the place where it belongs with a price point that is reflecting the actual developments.



        1. Director of Planning and Marketing and ASIC/Mining farm investor : Paul ~ “Paulr1”
        2. Director of Systems and Coin Development and ASIC/Mining farm investor : Fabian ~ “Fabietech”
        3. Director of Treasury with audit responsibility – Ming Changi ll-Suang
        4. Team Manager Minecraft plugin and Strategic Advisor Partnerships : Michael  ~ “Bumface”
        5. Dev Website/Facebook/Twitter and PR Communication Advisor : John ~ “Xwebnetwork”  and  Steven ~ “Rapture333”
        6. Team Manager’s Application and Pools : Thiago1 & Cryptotrain-net
        7. Team Manager Marketing, PR Communication and Community Leader : Rob ~ "Ultrasmart"
        8. Maybe you ?



        1. We will pay for a certain amount for developments and applications out of our investment wallet
        2. We put a large amount of our mining farms R9-290’s on to the MultiPool
        3. We will put a large amount of our future 800MH/s of Asic miners on to the MultiPool
        4. We will invest strategic and professional management time and energy to UTC next to our daily management jobs in our own company’s
        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



        1. Setting goals for different developments to make Ultracoin a real crypto that will be used in hundreds of places on the internet or in shops
        2. To create a stable and strong growing coin with real future chances
        3. To have a stable and good professional management team as seen in business models
        3  Creating a name for UTC among new miners, buyers, traders, investors and even among the haters
        4. To be a Top 5 coin with a professional background that will compete to BTC, Doge, LTC and NMC



        1. POS Update with Window and Mac wallet ~ 5.2% p/year and 0,1% p/week ( http://en.wikipedia.org/wiki/Proof-of-stake )
        2. Android mobile wallet
        3. Iphone mobile wallet
        4. Increased acceptance of CoinPayments on web shops
        5. Update content on website and BitcoinTalk original post



        1. Minecraft in game payment plugin (30 million people community and 500.000 servers) (target 1%)
        2. Online payment processor
        3. Ultracoin Lotteries
        4. Coordinated marketing actions together with help of community members (Chatboxes ~ Troll boxes ~ Twitter ~ Facebook ~ Media)
        5. Create YouTube and info graphic videos



        1. Firstly we ask you: Please don’t sell low. We believe in the coin and will be pushing the real price of UTC @ + 0,004 btc and higher
        2. Tell people about UTC ~ Facebook ~ Twitter ~ Work ~ Real life
        2. Talk about UTC in Chatboxes ~ Troll boxes ~ Twitter ~ Facebook ~ Media
        3. Prove the doubters wrong and show how much we have accomplished in just 4 months
        4. If you have any desire to be part of something big, feel free to send us a message with skills you possess and we would be happy to discuss any opportunity with you



        1. Making a coin ;
        2. Getting on 20 exchanges including Mintpal and Cryptsy ;
        3. Getting spending places like Altoutlet, Pock.io ;
        4. Being invited to represent UTC at the Swedish bitcoin conference 2014 ;
        5. Launching the ultra-arb tool ;
        7. Making our own pool ;
        8. Getting physical coins ;
        9. getting physical aluminium wallets,
        10. Getting service websites on board like Wealthico, CoinCPA, Whattomine, Countmycrypto, Cryptocoinrank and more ;
        11. Mobile services like BitcoinChecker, Bbitcoin profit and crypto currency converter ;
        12. Sponsering Elsa Hammond in her amazing endeavor ;
        13. Three successful wallet updates and upgrades ;
        14. Get listed on CoinPayments ;

        With this all in mind we now close this announcement with this Chinese saying from our partner and 3rd UTC investor Ming !

        “誰的人說,它不能做不應該打斷誰在做它的人…”
        “The person who says it cannot be done should not interrupt the person who is doing it… “


        Regards,
        Official Ultracoin Team