Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 16. (Read 946572 times)

I had them in my wallet for 2 weeks before the update...

Hi, I think it depends on coin's age and the minimum coin age required is one week. But I'm not sure it just my thought. I've had some coins in my wallet for months now and I'm staking without any problems.

Hi Community,

I have updated my wallet succesfully and enabled stake minting.. Its been like 2 days now, but there is no stake yet. How will i know i am staking?

Thanks..

Ok, All now satiated upon the fact that exchanges are the weak link and the biggest crooks in crypto? good, hopefully we've all learnt something.  If not, congrats on living under a rock.

Question is, who's going to make the first UTC ATM, or trying to land the biggest shopping outlet? (anyone outside the Dev team?)

The communities "race for the moon" seems to need refueling? 

They reviewed the block chain and the transactions that happened after the theft. Less than $4,000 worth of VeriCoin was transacted after the theft, where as the theft was over $2 million dollars worth and gave over 30% POS control to an unknown and obviously dubious party. Pretty sure they made the right move.

Well, I'm glad I always followed this rule. Until now, there were three exchanges (Mt.Gox, MintPal and another one I used to trade on) which ran into problems and in at least two of those cases I would have lost a considerable amount of money if I had left my coins at the exchange.

So please, guys. Follow this advice!

It would really suck if you traded Bitcoin for Vericoin in a private exchange. I feel that this will have a lot of repercussions for Vericoin and its investors. Imagine the poor folks buying Vericoin right now, and what about the folk who bought in right after the security breach. They will never receive their money back that they used to purchase the coin and will lose Vericoin that they did purchase do to the rollback. This is the coin devs and mintpal deciding to pick winners and losers to cover themselves, I think they should have just learned from their mistakes and moved on. Don't keep money on exchanges, if you haven't learned from Mt. Gox you might not ever.

Huh? Obviously other exchanges are just as scared of the same thing happening to them. This is hardly flat out neglect on MintPal's part. I doubt they will see much of a decline in trading volume as the bottom line is, end-users didn't lose their coins (because of the dev's roll back). So MintPal will probably escape this a little wiser and pretty much unscathed. The industry as a whole will benefit from what they will learn about this security breach.

MintPal essentially assassinated themselves. They had the market lead, everything going for them, and...... they just threw it away. They really SHOULD have known better.

The first point is a great piece of advice, so many people get lazy and just leave coins on exchanges, until someone creates a truly decentralised exchange, buyer beware *cough*Gox*cough*

Cryptsy deposits of UTC and other coins are delayed.

All deposits are being done manually as a security precaution - until it is known exactly how MintPal was hacked.

My deposit of UTC 8 hrs ago recd at Cryptsy  - but 0 Cryptsy confs while 1200 blockchain confs

It seems MintPal had weaker security than the average private user - too many coins in hot wallet, no trigger for additional verification of significant withdrawal amounts and no adequate password security, no SOP for staff to follow for managing limits in hot wallets (and required transfers to cold wallets) and significant SQL vulnerabilities.

Seriously - after all the issues that exchanges have had to date - there is no excuse good enough from MintPal on this one.  At least they were honest in their timely delivery of details. MintPal says it will introduce stricter protocols from now on - but its really too late - they should have already been in place. I wont consider trading with them - and a lot of others agree.

And the golden rule remains - only leave your funds on an exchange for the minimum time - trade and get out.

What I am really impressed by is the VRC developers actions on the rollback which will lead to the return of funds - perfectly justified for them to step in and manipulate the blockchain.  This is great hope for any future large hacks - and hopefully a deterrent.  I suppose though the next concern though is the possibility of malicious rollbacks and creating new transactions to different wallets as the VRC devs have done.

There is just a small alarm bell related to the vulnerability of central control by a malicious dev or other group - for any coin.

Seriously, what IS going on with the MP?! Going on almost a week without a payout, and this is after the message that payouts "hopefully" would occur on a normal schedule. I understand that *people* take vacations, but businesses/multipools do not. Please get it together guys.

Friends, I have two questions:
1. How do you see your transfer operations in blockchain? Can you describe the sequence of actions? I will be grateful.
2. I wrote earlier but no response from the developers and was not. At version 1.0.4.0 purse and 1.0.4.1 in Mench were observed following problems - purse works for 5-10 seconds, then freezes (not responding) and so constantly. Because of this synchronization process becomes very long, and in the wallet really nothing you can do, because have to wait for 5-10 seconds until it will work again.

Probably. That is the reason for all problems we had lately. Soon I'm going on vacation as well It's time to take some rest and not to worry about UTC, stock exchange, work etc.

It's summer (at least here, I'm not sure which hemisphere he is from) , maybe he is in holidays.

CryptoTrain operator has been so active, where has he gone I wonder 

Someone give us a script to run our own nodes then.  Surely worth it if you want to maintain network security? especially if you can't get a hold of pool owners.....

Just a thought: when you post a new wallet and update the original post with the new link and version number, it would be helpful to also include a date for the update. Thanks.

Hello community,

Sorry for the late responds but Paul and Myself are abroad and the internet is very poor here!!

Problems with wallet/exchanges
We checked the new wallet and for now it looks like all the problems where exchanges and not UTC.
We tested mintpal, cryptsy ( dont send big amounts yet ) and wallet to wallet etc... everything fine

Blockexplorer
We are busy with the blockexplorer and hopefully the Mysql error message will be gone soon

Multipool
We think there are meby problems with the multipool so please switch to the normal pools ( PLEASE watch that the Hash is spread nicely )

We cant reach Hayden ( multipool dev ) and Thiago ( normaal pool DEV ) is also on it!!! so lets hope that he isnt M.I.A

Overall
We are busy on the background with the minecraft plugin and getting information for the best way the new wallet will be coded!
- Full POSS
- Dark gravity
- Stealth Transactions
- Etc.

SO STAY TUNED!

So what's with the Multipool payouts.  I haven't had a payout since July 10.  Seems there are others and the message on the pool has been up since before my last payout.  Is this related to the transaction issues with exchanges?