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Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 129. (Read 946650 times)

member
Activity: 99
Merit: 10
I do not understand why anytime someone complains it is met with the same response "WHAT ARE YOU DOING TO HELP THE COIN?"

That's so easy to say, but so unrealistic. Do you expect people to be cheerful when a coin they have invested months of time mining into is literally evaporating in front of their eyes? Everyone can sugar coat this as much as they want, if UTC doesn't start making some REAL changes to get people to use and invest in it, it will drop to nothing, it is already on that path.

Also, not everyone signed on to be a core member of the UTC team. Some people want to mine, some people want to trade, some want to hold, some want to spectate and speculate. It is kind of silly and immature to tell Joe Average that they are not doing enough because they are complaining about a coin they care about and have been investing time and effort into is dying.

Everyone has a role, and to pass the blame onto the community for lack of real world production by the core team is insulting at the very least. People who did not get a piece of the pre-mine and obtained their coins through investing their own time and money, in most cases at a huge loss.

We all do what we can, but to not allow people to express their disappointment and dissatisfaction is flying in the face of the "core values" that the UTC team continues to preach about. People should have the right and freedom to sing the praises of UTC when it is doing well and criticize and complain about it when it is performing  poorly.

We all do our part and play our roles, I think some of this community needs to grow a little and understand what those roles are and who should be playing them.

I mined some coins, bought some coins and have been trying to get an additional block explorer off the ground in my spare time (which is very limited right now), asking me to champion this coin and go around and do marketing beyond what I would do in the normal course of conversation or communication is ludicrous.

If there were exciting news to spread about the coin the community would spread it, frankly, I am not sure that the things in place are enough for people to really care about.

I will say dcgirl's coin arb thing is impressive, very.  It would be nice if it forced all the arbitrations though UTC (since UTC is so fast) one could get money between exchanges at a faster rate than most other coins. It would be a nice way to emphasize that fact to the rest of the world and show them a real world use for UTC.
hero member
Activity: 837
Merit: 505
Please join me on poloniex until the chat!  Thanks for the support!

I would love to join but there is no chat in Russian. In Russian there is a chat on btc-e but there is no UTC
LHM
newbie
Activity: 26
Merit: 0
WALLET DEVELOPMENT UPDATE:

Okay, so our community chat session was wildly successful and we all agreed to implement the following:

Code:
NFACTOR - 1 less from what it is now, effective for 12 months
POS - 7 day POS system at 5.2% per year, which equates to 0.1% per 7 days.  Max time = 30 days
No change to # of coins or ratio for now

The POS modifications are implemented and being tested. More news to follow on this. Expect an update shortly!

NFACTOR is actually far more complex than originally thought. Turns out dialing back could have severe, potentially crippling, repercussions. We are investigating how to work through this, if at all possible.

That being said: NFACTOR will change as scheduled this Saturday, May 24th, 2014 @ 03:15:12pm UTC. We cannot risk crippling the entire blockchain in an attempt to force this revision. When the NFACTOR changes, please use the config generator to update your miners!

http://ultracoin.net/configgen_raw.html

To summarize, the wallet update will, for now, include only the POS modifications, NFACTOR changes are being discussed, and NFACTOR will shift this Saturday. We will keep you all posted otherwise.

Thank you for your continued support!


I'm not sure why the N-factor change has to be so complicated.  I'm getting ready to go home for a long, long weekend but, if I remember correctly, there is just a convoluted function that has a bunch of arbitrary calculations that result in a block heights to change the N-factor at.  The point is, I thought it just returned nFactor and all the other things that used that value derived it from that function.

Why couldn't you just comment that all out and hardcode in the return value to be the N-factor you want it to be, aka 12?  

Obviously, this would be a mandatory wallet update.  No ones wallet would work on the old N-factor so you'd have to set it at a date in the near future.  

well there is the factor of changing the wallet software, a mandatory update, and a forced date for transition. However there is also mining software, scrypt-jane/scrypt-chacha mining software also uses the same formula to determine the n-factor when mining. Custom revisions of each of the mining programs used will need to be ready for this change as well. Coordinating all of this is a nightmare in the crypto world, some people don't listen some don't understand and things just get complicated.
member
Activity: 98
Merit: 10
This is when I say goodbye, it was a fun ride..  Kiss

Price is too low to sell, so holding out.
I have faith in the coin (and even more so in the team behind it) and well, if it goes where I think it's going, my bet will have paid off....if it doesn't , well it was a fun ride, bu there is no point getting off a ride just coz it's slowed down.

As per coinmarketcap the 3 main exchanges are mintpal, crypto-trade and cryptsy:

54. UltraCoin (0.01 %)
Source   Pair   Volume (24h)   Price   Volume (%)
MintPal   UTC/BTC    $ 2,956   $ 0.015676    38.63 %
Crypto-Trade   UTC/BTC    $ 2,535   $ 0.024981    33.12 %
Cryptsy   UTC/BTC    $ 2,115   $ 0.020297    27.64 %
Crypto-Trade   UTC/LTC    $ 33   $ 0.022983    0.43 %
SwissCEX   UTC/BTC    $ 10   $ 0.005361    0.13 %
Bittrex   UTC/BTC    $ 3   $ 0.026022    0.04 %
Total/Avg   $ 7,653   $ 0.020058

So losing polo doesn't impact the coin at all. Keep cool guys...




member
Activity: 111
Merit: 10


Hello UCM`s!  Grin

Last night we had a very productive IRC meeting and we say thank you to everybody who attended, a few things were discussed and the general consensus was that we should try to turn the yearly POS into a weekly POS and that this should be 0.1% per week.We are still talking to a dev about this.

The second thing people agreed upon is that we should lower the N factor and keep it there for 1 year,this is also being discussed.We are aware of the N factor change today,but dont worry,this will be rolled back so bare with us for now.

The dev has informed us that letting people update so quickly without time to prepare can create a hard fork and damage the coin,so the most responsibe thing for us to do is let this N factor happen for now.


I am very pleased with some of the posts in here, The dev team is working very hard behind the scenes, but we can only do so much, we need your help.....Dcgirl, xwebnetwork and Jakob have lives to live aswell, and i have told them on multiple occasions i dont want UTC to suck up their entire life.I am most gratefull for their efforts and commitments, but as somebody just mentionend,we are just 5 people....

I also see some comments from people who think "it will die forever".this is offcourse nonsense.This price point does not reflect the actual value of a coin.value is much more then a number. Value is the community ,the team,the developments,.Lets be honest,this price is not caused by the dev team.this price is caused by:

1:people selling at this rediculus price
a battle to undercut the seller above you,makes sure we are on a steady decline in price

2:the lack of proper demand
The coin needs an actual purpose to exist,and services like the minecraft plugin to tap into communitys unrelated to crypto,to create a vast userbase to create proper volume

To the doom & gloom people i would like to say : please find a way to redirect your energy into something uplifting and contructive.
Ask yourself : How can i contribute? How can i make a difference?

Complaining is very easy and anybody can do it,but you acomplish absolutely nothing,and this is not what Ultracoin represents,its about making a change , and making a difference,and having core values.This UTC community is not large, i will admit that.BUT the people we DO have are absolutely fantastic.They pull through for us at every voting event.They stick with us even on a downslope graph, and for this i think i can speak for the team when i say, we are deeply gratefull for that.

SO!

what are some things anybody could do to help UTC?

-Tell people about it (facebook,twitter,real life)
-Talk about ultracoin in chatboxes
-Prove the doubters wrong and show howmuch we have accomplished in just 4 months

making a coin,
getting on 20 exchanges (including mintpal and cryptsy) , ( http://ultracoin.net/exchanges.html )
getting spending places like altoutlet,pock.io ,
being invited to represent UTC at the swedish bitcoin conference 2014,
forging a wonderfull relationship with bitcoinwoman and Dcgirl becoming a regular writer with great articles.
launching the ultra-arb tool,
making our own pool,
getting physical coins,
getting physical aluminium wallets,
getting service websites on board like wealthico,coinCPA,whattomine,countmycrypto,cryptocoinrank, ( http://ultracoin.net/services.html )
mobile services like bitcoin checker,bitcoin profit and cryptocurrency converter ( http://ultracoin.net/apps.html )
sponsering Elsa Hammond in her amazing endevour
3 succesfull wallet updates and upgrades

This list is nothing to look down on!


And think about what is yet to come :

ultra-arb premium,
our own multipool,
in game minecraft economy,
mobile wallets,

So when you think about it,the coin should really be 1 dollar at least to represent what we have done as a group and what we are going to do.Its up to you guys what happens,i know we as the team are doing our very best,but we are indeed just 5 people.Look at the beautifull aluminium wallets,We did not ask him to make that,he did that all by himself. This is the model for the UCM (Ultracoin community member).proactive,innovative,intelligent.

we need you!


Great new.
But it is summer now, VGA card is so hot, if UTC can change to x11, I'll back.

+1. Me too.  Angry
full member
Activity: 238
Merit: 100
http://ultracoin.net/ - Ultracoin Website http://c
This is when I say goodbye, it was a fun ride..  Kiss

Price is too low to sell, so holding out.
I have faith in the coin (and even more so in the team behind it) and well, if it goes where I think it's going, my bet will have paid off....if it doesn't , well it was a fun ride, bu there is no point getting off a ride just coz it's slowed down.
Alt market is tough business. All alt threads are full of crying now. Except for DRK Cheesy
If this is too hard for you, better to leave all alts.
I'm still holding. Lost a lot until now but it makes no sense to sell at this price.
full member
Activity: 210
Merit: 100
This is when I say goodbye, it was a fun ride..  Kiss

Price is too low to sell, so holding out.
I have faith in the coin (and even more so in the team behind it) and well, if it goes where I think it's going, my bet will have paid off....if it doesn't , well it was a fun ride, bu there is no point getting off a ride just coz it's slowed down.
full member
Activity: 238
Merit: 100
http://ultracoin.net/ - Ultracoin Website http://c
Its unfortunate to see you folks leaving. But, alas, that's your decision. Hopefully our future developments will give you a reason to come back. I'd highly recommend you keep an eye out at the very least!

If you are going through hell, keep going
hero member
Activity: 684
Merit: 500
Veni. Vidi. Vici.
Its unfortunate to see you folks leaving. But, alas, that's your decision. Hopefully our future developments will give you a reason to come back. I'd highly recommend you keep an eye out at the very least!
legendary
Activity: 980
Merit: 1000
Traveling in subspace
This is when I say goodbye, it was a fun ride..  Kiss
Me too. Will hold what I've mined for now. Good luck all. Delisting @ polonex isn't going to help.
legendary
Activity: 2898
Merit: 1017
This is when I say goodbye, it was a fun ride..  Kiss
full member
Activity: 224
Merit: 100
WALLET DEVELOPMENT UPDATE:

Okay, so our community chat session was wildly successful and we all agreed to implement the following:

Code:
NFACTOR - 1 less from what it is now, effective for 12 months
POS - 7 day POS system at 5.2% per year, which equates to 0.1% per 7 days.  Max time = 30 days
No change to # of coins or ratio for now

The POS modifications are implemented and being tested. More news to follow on this. Expect an update shortly!

NFACTOR is actually far more complex than originally thought. Turns out dialing back could have severe, potentially crippling, repercussions. We are investigating how to work through this, if at all possible.

That being said: NFACTOR will change as scheduled this Saturday, May 24th, 2014 @ 03:15:12pm UTC. We cannot risk crippling the entire blockchain in an attempt to force this revision. When the NFACTOR changes, please use the config generator to update your miners!

http://ultracoin.net/configgen_raw.html

To summarize, the wallet update will, for now, include only the POS modifications, NFACTOR changes are being discussed, and NFACTOR will shift this Saturday. We will keep you all posted otherwise.

Thank you for your continued support!


I'm not sure why the N-factor change has to be so complicated.  I'm getting ready to go home for a long, long weekend but, if I remember correctly, there is just a convoluted function that has a bunch of arbitrary calculations that result in a block heights to change the N-factor at.  The point is, I thought it just returned nFactor and all the other things that used that value derived it from that function.

Why couldn't you just comment that all out and hardcode in the return value to be the N-factor you want it to be, aka 12?  

Obviously, this would be a mandatory wallet update.  No ones wallet would work on the old N-factor so you'd have to set it at a date in the near future.  
hero member
Activity: 684
Merit: 500
Veni. Vidi. Vici.
WALLET DEVELOPMENT UPDATE:

Okay, so our community chat session was wildly successful and we all agreed to implement the following:

Code:
NFACTOR - 1 less from what it is now, effective for 12 months
POS - 7 day POS system at 5.2% per year, which equates to 0.1% per 7 days.  Max time = 30 days
No change to # of coins or ratio for now

The POS modifications are implemented and being tested. More news to follow on this. Expect an update shortly!

NFACTOR is actually far more complex than originally thought. Turns out dialing back could have severe, potentially crippling, repercussions. We are investigating how to work through this, if at all possible.

That being said: NFACTOR will change as scheduled this Saturday, May 24th, 2014 @ 03:15:12pm UTC. We cannot risk crippling the entire blockchain in an attempt to force this revision. When the NFACTOR changes, please use the config generator to update your miners!

http://ultracoin.net/configgen_raw.html

To summarize, the wallet update will, for now, include only the POS modifications, NFACTOR changes are being discussed, and NFACTOR will shift this Saturday. We will keep you all posted otherwise.

Thank you for your continued support!
member
Activity: 98
Merit: 10
UTC's getting a beating on mintpal.
bah, someone felt lost and sold instead of holding...


hero member
Activity: 1036
Merit: 500
Nice update Bumface.
I have been an Ultracoin supporter from way before the coin was released, I did my fair share of advertising (which is all I can do due to the lack of time).
But I got to be honest, I can't really recommend Ultracoin to anyone at this moment, as I'm sure you understand if u look at UTC as a community member at this very moment.
The update is nice and promising, but as long as there's no buy support and no change in source code, I can't tell anyone to invest in this, because I'm not sure it's a good investment...
Sadly I had a meeting yesterday, so I couldn't make it to the IRC discussion.

One of the biggest problems, in my humble opinion, is that you don't have a wallet developer who is devoted to UTC. You pay someone to do this, he sees it as a job to be done.
I think UTC needs a (wallet) developer who actually wants this coin to be succesfull, and doesn't require BTC for every single change he has to make.
I do not mean to offend DCGirl and xwebhosting. The arb tool, the website, the mining configurator,... are GREAT. You both did a very, very good job on this. I'm only talking about the wallet.

I still hold a few UTC, and will hold this for a long time, but there have to be some changes. Marketting is the key word from now on (imo).
I still support UTC and will keep on advertising it and recommending it as soon as I see the changes taking place.

I really hope I didn't attack someone personally, this is just the way I see UTC right now.

Marketting is the key word from now on

+1
Marketing is the key word from now on
We need a lot of serious byers soon

But issent that not something we know for some long time now ?.....MARKETING IS THE KEY WORD

And how the marketing has to be don then. Any ideas  ?


Official twitter tipbot to pay out promos and competitions? Would attract new followers and give it more of a presence on twitter.

Should be affordable and the bounty is 1000 UTC already. Probably more visible than handling payouts on bitcointalk.
full member
Activity: 181
Merit: 100


WHY WE ARE ASKING YOU TO VOTE Huh

We are asking for votes for coinpayments.net, because coin payments is a payment processor. If they list us, then UTC can be used by any of their partners.


WHY IT IS SO IMPORTANT THAT WE NEED YOU TO VOTE Huh


The #1 most critical thing in the evolution of ultracoin is to have a payment processor. Not only does it let utc holders actually spend their utc, but it also shows us to be a legitimate coin.

WHY A SUCH LOW DONATION OF (ONLEY) $ 0.88 AND WHAT ARE WE HELPING WHIT IT Huh

Coin payments has decided to give all vote donations to the Water Project, instead of keeping those coins for themselves. The water project has nothing to do with anything else.   

SO WHAT WE NEED YOU TO DO BEFORE (EDIT) SATERDAY Huh

VOTE, VOTE AND VOTE.....


--> THE PROCES OF VOTING TAKES YOU ONLEY 5 MINUTES
(don't forget it takes three emails from Coinpayments you have all to confirm If you don't confirm the last email your vote will not be counted !!!!)

--> THE DONATION COST YOU ONLEY AS LITTLE AS  $ 0,88 CENTS










We have only had one vote in the last 24 hours, lets not be complacent. Getting on CoinPayments is very important and raises the coins profile. All this talk about appealing to miners is not something I'm overly convinced about, with multi-pools now widespread miners just look for the most profitable coin to make a quick buck, why appeal to these individuals.

As the CoinPayments clearly shows we have just 60+ people who actually care about the coin long term rather than making a short buck after a couple of days. DCGirl is providing unique opportunities for Ultracoin and spreading the word on Twitter, all do the same and the word will spread

KC

full member
Activity: 181
Merit: 100
Nice update Bumface.
I have been an Ultracoin supporter from way before the coin was released, I did my fair share of advertising (which is all I can do due to the lack of time).
But I got to be honest, I can't really recommend Ultracoin to anyone at this moment, as I'm sure you understand if u look at UTC as a community member at this very moment.
The update is nice and promising, but as long as there's no buy support and no change in source code, I can't tell anyone to invest in this, because I'm not sure it's a good investment...
Sadly I had a meeting yesterday, so I couldn't make it to the IRC discussion.

One of the biggest problems, in my humble opinion, is that you don't have a wallet developer who is devoted to UTC. You pay someone to do this, he sees it as a job to be done.
I think UTC needs a (wallet) developer who actually wants this coin to be succesfull, and doesn't require BTC for every single change he has to make.
I do not mean to offend DCGirl and xwebhosting. The arb tool, the website, the mining configurator,... are GREAT. You both did a very, very good job on this. I'm only talking about the wallet.

I still hold a few UTC, and will hold this for a long time, but there have to be some changes. Marketting is the key word from now on (imo).
I still support UTC and will keep on advertising it and recommending it as soon as I see the changes taking place.

I really hope I didn't attack someone personally, this is just the way I see UTC right now.

Marketting is the key word from now on

+1
Marketing is the key word from now on
We need a lot of serious byers soon

But issent that not something we know for some long time now ?.....MARKETING IS THE KEY WORD

And how the marketing has to be don then. Any ideas  ?

full member
Activity: 238
Merit: 100
http://ultracoin.net/ - Ultracoin Website http://c
Hey guys, for me at my nitro2 350kN / s shows prey 1300 + UTC and on all http://ultracoinpool.info/ 450 UTC.

Something tells me that nitro2 - lying and I can not get on it as UTC.

Who thinks that?


NITRO2 shows wrong information,becouse of no updating of wallet. go http://ultracoinpool.info/index.php?page=statistics&action=pool
sr. member
Activity: 275
Merit: 250
Nice update Bumface.
I have been an Ultracoin supporter from way before the coin was released, I did my fair share of advertising (which is all I can do due to the lack of time).
But I got to be honest, I can't really recommend Ultracoin to anyone at this moment, as I'm sure you understand if u look at UTC as a community member at this very moment.
The update is nice and promising, but as long as there's no buy support and no change in source code, I can't tell anyone to invest in this, because I'm not sure it's a good investment...
Sadly I had a meeting yesterday, so I couldn't make it to the IRC discussion.

One of the biggest problems, in my humble opinion, is that you don't have a wallet developer who is devoted to UTC. You pay someone to do this, he sees it as a job to be done.
I think UTC needs a (wallet) developer who actually wants this coin to be succesfull, and doesn't require BTC for every single change he has to make.
I do not mean to offend DCGirl and xwebhosting. The arb tool, the website, the mining configurator,... are GREAT. You both did a very, very good job on this. I'm only talking about the wallet.

I still hold a few UTC, and will hold this for a long time, but there have to be some changes. Marketting is the key word from now on (imo).
I still support UTC and will keep on advertising it and recommending it as soon as I see the changes taking place.

I really hope I didn't attack someone personally, this is just the way I see UTC right now.

Marketting is the key word from now on

+1
Marketing is the key word from now on
We need a lot of serious byers soon
hero member
Activity: 837
Merit: 505
Hey guys, for me at my nitro2 350kN / s shows prey 1300 + UTC and on all http://ultracoinpool.info/ 450 UTC.

Something tells me that nitro2 - lying and I can not get on it as UTC.

Who thinks that?

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