Darkcoin had first mover advantage doing POS. They're allowed to make mistakes and won't suffer harshly for it. If UTC goes the same direction, it will essentially have to fight an uphill battle towards attempting at perfection and will be punished horrible for every little mistake it makes. If the community and people that are part of UTC wanted this coin to flop and die, they would've left it long ago. All I can add to what the management should be doing is to not follow the trend of full pos and their subsequent failures, but keep at their original premise of being an asic resistant crypto currency. I have heard recently that Vertcoin isn't even asic resistent anymore so theres that... I'm sure given time, people will start migrating and rediscovering UTC's value. If dev team wanted, they can decrease the block reward further to restrict the amount of coins generated a day they can simply reduce the block reward. As stated over and over again, 43,200 UTC is generated a day. which is around .8-1.1 bitcoins that can and will be dumped a day. By reducing the block reward to 5, they can reduce that number to .28-.37 btc that can be potentially dumped a day. It is reasonable to maintain this value with the given market. UTC will eventually rise as a result of this action. What was .28-.37 will attempt to return to the norm of .8-1.1 BTC. I agree with the previous posts. I can't ask where the devs had received their advice, but it is extremely ill advised to go full POS when that type of model hasn't even been around for a long enough period to be truly understood and scrutinized.

Michael, please run through your posts with your team. You've essentially driven the coin from 6.5k satoshi to 2.1k satoshi through posts. When you irresponsibly state "I want my investment back" we think you mean "Oh you mean from the UTC you initially sold?" Honest to God, there is a perfect quote by Mark Twain "It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt." You are sending a message to the international community. It may be appropriate to send messages in the heat of the moment and not consider the consequences, but it is wholly irresponsible around the world. You've even created more trolls by moderating the topic and deleting messages.

Don't create a Minecraft plugin. The people who play minecraft are under 18 in the majority. Although they have a large user base, there is essentially no point in adopting UTC for their in-game currency. You're making a useless expense to an otherwise free game where you have to compete against other free servers. Since you're taking this much time to even create the plugin, I will assume that you can't even create the content to even back up the proposed extra costs.

Look Michael, a leader does not complain or blames others, they change for the world they live in. If you're stuck, ask advice, you have a team that want this crypto to work. Don't waste your team member's and your effort responding to nobodies. I cannot believe the dribble you've sent out. It's as if you do not consider the consequences of trying to personally attack others when you yourself are supposed to be representing a greater image. Do yourself a favor, and moderate your own posts. Ask about your posts from other team members developing your crypto. People aren't perfect, they do make mistakes, so don't assume that you aren't subject to fault.

If you guys are honestly going to do a pump, don't inform anyone but the group you're pumping with. Just keep it secret because people are just going to baghold until the pump happens and sell. Just tell everyone that you're going to pump, and let the price rise by itself by speculators. You may not even have to pump at all if you already hold coins.

Really IPO isn't important anymore. What is 2 million now out of the 15.2 million. Do you think people from the IPO have kept their coins. The answer should be a resounding NO! There wasn't one person from the IPO. 400k went to devs and around 1.6 million to IPO. I think there was at least 10-20 people splitting that 1.6 million UTC. So each person gets about 80k-160k each if we split it evenly. Do the math. Right now UTC is .0000185 and 80k-160k each is nothing. Most of devs already sold their IPOs. Only 3-4 Dev have their IPOs and coins they paid on market. Through all that, how can IPO even be considered a factor 4 months later. Please don't bring up IPO when there are other people that are buying coins for dirt cheap and hold far more coins than people from IPO.

Honestly Michael/bumface, you need to invite criticism, even trolling. It's needed to further develop the coin. Most of it is trash, but some of it is reasonable suggestions based on what the users of UTC have experienced. Trolls are best at pointing out problems or flaws. If you systemically moderate and delete posts all the time, you'd destroy any chance of meaningful thought and deliberations on how to make UTC better. It's simply a waste of your time and effort to moderate the trolling on this topic.

Please read this and take it in to consideration. You may not like what is being said about your cryptocurrency, but it is needed. I don't believe Satoshi Nakamoto moderated his forum when he created bitcoin or cared about what the critics said about it. When all is said and done, trolls are forgotten and whats left is where the cryptocurrency is at. Simply moderating the forums isn't going to change that, you're drawing more attention to the trolls and essentially "feeding the trolls."

Who is artificially driving the value for UTC down? I'm starting to think that there is a conspirator that is attempting to keep the UTC prices relatively low. How is UTC supposed to grow when any value being added is immediately taken away.

I don't want to bash the other algorithms, but X11 is extremely unprofitable to mine along with Scrypt and their Scrypt Asics. I believe we're going to see a mass migration to other cryptos that don't use these mining algorithms such as UTC or other cryptos.

UTC has been through a torrent of problems such as exchanges being hacked, BTC crashing, and N scrypt adjustments. Through these changes, UTC has survived and I believe it will emerge stronger than ever in the upcoming months. Only time will tell, but from what I've seen, UTC is working towards becoming a long-term cryto-currency.

What can one say about Dcgirl, she had hard work, dedication, and effort. These aren't conclusive towards value adding activities. She put in a great effort, but what of the results? I can see for myself who is still on the UTC team.

I think UTC is going to go up soon. I tried mining X11 and I only made about 80 cents a day. Even with 6 r9 280x. It was very sad, so I went back to UTC mining. I just wanted to see how profitable it was. I saw the scrypt asics essentially destroy dogecoins. A few weeks ago doge was trading at over 100 satoshi, now its at 66. I think that miners will slowly realize that their mining options will dwindle to the scrypt-N or scrypt-chacha coins before new coin algorithms come out.

We can do something like get proof of UTC uses. Such as someone buying a sticker or something with UTC and show proof that it can actually be used. It would definitely build up confidence in UTC as a cryptocurrency and at the same time show that it has very real use.

Devs, Please seriously consider adding a Russian and Chinese member to your group. You need to expand to other languages right now. The coin's message has to at least be understandable by different groups of people around the world. I honestly think that the nfactor should be changed to previous levels where it was successful, where the nfactor had a modicum of use and people could understand how to adapt to the changes. Probably restart the nfactor from scratch and revamp the successive windows of time for the changes to take place. The nfactor changes were too sudden and quick for the gain and keep users mining it. I assume this can be done, but if it can't sorry for my unreasonable suggestion.

Can you somehow reset the n factor and rework it so it changes every three months. These times seem more reasonable since it takes about 6 months to develop a new asic. Heck we could go with every 6 months since the n factor changes. I think that miners feel that mining with the n factor changes is inefficient. Its hard to understand if you're getting a good hashrate or not.

You guys, I think that Coinpayments is going to definitely list Ultracoin. I mean, Darkcoin didn't seem like it was voted on in the previous listings and it made it onto the payment system. I'm pretty sure coinpayments doesn't want to list no name and unknown coins.

Rules
Only 1 vote is allowed per person. Additional votes will replace your earlier votes. Votes determined to be fraudulent or paid-for will not be refunded (the funds will of course still be donated to the charity). Doing any of the following will disqualify your vote: (Sorry we have to take such a hard line on this, we just have rampant cheating during each vote.)

    Starting a vote then having someone else do the donation.
    Placing a vote then getting a reimbursement or reward of any value (for example: crypto or fiat currency, access to a site that normally requires payment, coupons or discounts, etc.)
    Using Tor or similar = automatic disqualify (during our last vote we only had 3 valid votes from Tor users)
    IPs listed in HTTP:BL or other spambot/botnet blacklist = automatic disqualify
    This is not a complete list, anything that violates the spirit of the rules will be disqualified.

Remember: This vote is not about trade volume (a lot of that volume is people trading the coin for BTC/LTC or to hold for long term investment) or which coin backers have the biggest advertising budgets; it is about how many people genuinely want to purchase items using a particular coin.


Not about trade volume, not about long term investment, not about biggest backers, and mostly about people wanting to purchase items using a particular coin. On that note, how did Vertcoin get listed with only 17 votes. I thought their community was bigger than UTC.

Coinpayments doesn't need that many votes to get listed. We probably just have to be in the top 5. I saw that some coin won with just 100 votes last time. Anyways, I think that we should instead not focus on coinpayments, but focus more on getting into the Asian and Eastern European markets. This may be untrue, but I have noticed that UTC has focused more on Western Europe and US cryptomarkets. I have yet to see any large support of UTC from Russians or Chinese.

Hey can anyone point me to a graph that shows how much UTC is being generated daily? It would give me a general idea for the market dump percentage for a given day. I believe its better to know this kind of information for the given market.

From the 4/12/2014 announcement, there's going to be a green button appearing at the top of the page when voting begins.

CoinPayments Charity Coin Vote
Building on our experiences in our previous public votes and after weighing our options, we have decided to hold this public coin vote off of our usual forum. This should open it up to even more people since they won't have to register for an account there.

This time we've also turned the vote into a charity drive for The Water Project. Each vote will require a donation of 0.001 BTC (or LTC/DOGE equivalent) with a side effect of helping deter paid vote manipulation.

Rules
Only 1 vote is allowed per person. Additional votes will replace your earlier votes. Votes determined to be fraudulent or paid-for will not be refunded (the funds will of course still be donated to the charity). Doing any of the following will disqualify your vote: (Sorry we have to take such a hard line on this, we just have rampant cheating during each vote.)

    Starting a vote then having someone else do the donation.
    Placing a vote then getting a reimbursement or reward of any value (for example: crypto or fiat currency, access to a site that normally requires payment, coupons or discounts, etc.)
    Using Tor or similar = automatic disqualify (during our last vote we only had 3 valid votes from Tor users)
    IPs listed in HTTP:BL or other spambot/botnet blacklist = automatic disqualify
    This is not a complete list, anything that violates the spirit of the rules will be disqualified.

Remember: This vote is not about trade volume (a lot of that volume is people trading the coin for BTC/LTC or to hold for long term investment) or which coin backers have the biggest advertising budgets; it is about how many people genuinely want to purchase items using a particular coin.

Transparency
We will not collect any fees on the donations, 100% of the proceeds will go to The Water Project. Once the vote is over we will follow this procedure so anyone can verify we made the donation:

    Any LTC and DOGE collected will be converted to BTC via Cryptsy at the then-current exchange rate and added to the BTC collected directly.
    We will post the BTC, LTC, and DOGE totals at http://pastebin.com/ and on this page. This will provide a permanent timestamped reference of what we will send to TWP.
    The next day (since Pastebin only shows the date of the post) we will send the BTC to The Water Project (under BitGive's campaign) at https://thewaterproject.org/community/profile/bitgive-foundation and post the transaction IDs on this page.
    We will ask The Water Project to tweet or provide other verification of the donation.

Its kind of funny that you can disqualify your single vote by trying to represent more votes.

Hey Bumface,

If you want the interest to be shortened to quarterly and the compounded interest to equal a 20% APY, you should instead change the interest to about 4.66351% per three months to get roughly a 20% interest per year.

You are exactly right, we the stakeholders add value to this crypto. It can be likened to a pile of sand. The devs add to the pile slowly as "value." It will fall and crumble through the process. Eventually more people, "sand", will gather to support the pile the dev adds. The dev can help shape it make it strong, robust, give it a good base so that one day there will be enough sand for the pile to support itself. I'm sure it'll be beautiful one day, but right now, supporters need to know there is something there to be a part of. Value is certainly built over time, but we see hecklers that try to tear down whats being built. What the community and supporters are drawn to right now are possibilities. We are more or less speculators looking for value in this cryptocurrency. I think transparency is key to this because it gives community members the perception to drive this coin further until those speculations cement into reality.

I'm sure this is an ongoing concern, but where is the transparency. I hardly understand what the devs are doing. The community supporters get tidbits now and again, but what I don't understand is the direction this coin is going. It's funny to say to the moon, but the community supporters need more. We don't need detailed information on what devs are exactly doing, but we do need a concrete plan or some form of step by step process for an end goal. Just a progress report or something since cryptocurrencies are based primarily on perception. If we were given two steps such as rocket and then to the moon, that doesn't explain anything. It would bring in more confidence to include steps, goals, until the end stretch of the moon is realized. Even if goals aren't realized, the community received enough respect to receive updates. Please update through bitcointalk because let's face it, the community isn't large enough to migrate to the forums.

Right now, the coin is hugely undervalued, it's already more or less tied to a fiat to crypto through crypto-trade. The only difference between the present and a couple months ago is that all the "hot" money has disappeared as confidence has waned. I think dev transparency will help towards the viability of UTC to the moon plan.

Can we get a timeline for what we can actually do with Ultracoin. I see that we can buy gift cards and clothes with Ultracoin through the marketplace, but when were those features implemented, and how limited are users of this cryptocurrency. I personally didn't know that we could get giftcards or exchange the currency for shirts until recently. Can we get a comparison between Ultracoin and other currently rising  hype currencies and their features. Honestly, I believe UTC has far more value than the current hype coins, but there is no advertising of these features. How would anyone know a value of something if it weren't for advertising. It's sad that UTC is falling to the wayside while these other coins are gaining traction.

It may not have anything to do with the current UTC prices, but I heard that people who have mined dafuq coin got their coins stolen and any other crypto they had. I also saw that some crypto sites were shut down because they tried listing the crypto.