Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 43. (Read 946641 times)

Yeah, you are right. I didn't know about it.

don't forget:

--starttime 1388361600

without that it is defaulting to the coin it was made for.

I agree with your statement but ultracoin needs more innovation or something very different to attract more buyers until this happens the coin might die..so i dont know if we can make it to get accepted by vendors before ultracoin dies...with this low volumes we are candidates of being delisted by exchanges...WAKE UP...we dont need only advertisement and recognition we also need an innovation or something new to ultracoin..And i think goin full pos will be a good idea...this can make as better than too many other coins out there ...Cheers!

@RichardMiner

I think most PoS haters have arguments like "PoS coins are instamined scam" (wouldn't apply to UTC then), or just the fact that they cannot make profit with mining and dumping.

We've seen here that reducing the block-reward didn't have the desired effect, looks like it just reduced the number of miners.
If I calculated it right, we have a coin supply of 72000 UTC per day, which must be bought if dumped or hold by the miners to maintain
the coin value, and full PoS coins with much less coin-supply per day have problems to hold their value.

72000UTC are ca. less then 2BTC per day ATM that sounds not much, but thats 14BTC a week 60BTC per month just to hold the current value.


But you're right RichardMiner, it might be just Abracadabra like reducing the block-reward cause it will not solve all the problems.

Even without inflation, UTC needs more demand to get back up, but at least PoS should make it a bit easier to hold the value.

I believe the future of PoW ist just to distribute a coin, and the only way to mine profitable ATM is to mine a PoS coin in PoW phase and dump it at the right time.

At least at the electricity prices here, securing a PoW coin isn't much profitable, so the future of PoW is questionable IMHO.


Thats all IMHO, I might be wrong but I believe full PoS is the future for the Altcoins.

Alex


PS:
The only CON I see with full PoS is that we didn't get the attention of miners anymore, but as said I think this will be just a matter of time anyway...

Done...

Guys, remember that the true value of a coin isn't measured in dollar value. Look at Doge Coin, it is worth a fraction of a fraction of a penny, yet hundreds of thousands of dollars are invested in it everyday. Don't lose sight of why we are in crypto. The bankers are playing a game with our money supply, and its time we abandon them. That's why the goal of nearly all crypto (with the exception of some) is primarily to be used as currency. If you had a currency that could tell time, walk your dog, make dinner and keep your wife happy, it still wouldn't be a successful currency if no one accepts it! Without acceptance, everything else is just a gimmick. Bitcoin itself is really just a plain coin, their are plenty of other cryptos that have much more to offer in terms of speed, security and features. Yet Bitcoin is favorited by all because it is the most accepted of all. Bitcoin had the luxury of being first, but in order for Ultracoin to be one of the best, and in order for an alt-coin to ensure its survival it will need a plan for long term acceptance. Simple economics 101, money is a medium of exchange, without that their is no accounting trick in the book that will make a greater return on your investment. All this talk about cutting block rewards, going full POS, etc, is all meaningless without mainstream acceptance.

Now, we all know what kind of community involvement it took to get accepted on coinpayments, the next step is to get accepted by as many vendors as we possibly can on coinpayments. Read this thread and copy and paste the message into the provided link in it just below. It will only take seconds, and this simple action could pave the way to the future, which of course involves our beloved Ultracoin.

http://ultracointalk.org/index.php?topic=137.0

@derBruchpilotPro

did you noticed this message in the tread?
I read on other treads and there are lovers and haters of full pos coins

You say UTC has to move to full pos. So you believe it will be good for UTC yes ?
For me this is like Abracadabra so can you or somebody else explain this in clear and simple one liners to me as nooby?
I believe more ppl would like to know and understand about the pros and cons

Thanx man, that looks awesome!

Hi all!

Long time since my last post here... but I had always an eye on UTC and I have now more UTC than ever (unfortunately cause its cheap now).

Things are moving much faster than it was predictable at UTC start, sooo much shitcoins out there and we see the BTC floating from one coin to another, I think there are not much (not enough) new BTC flowing into the Altcoin scene to keep a coin-value UP.
Rat4 leaned this lesson and started Blackcoin as a full POS coin, but now ALL other new coins doing the same...

IMHO (almost) all mineable coins got milked for buying PoS coins, one big advantage of UTC is here that it uses Scrypt-Jane/Chacha which prevents the coin being raped by multipools, but this also make it harder to find new miners. (low diff, low price)

We're at a selection stage in the coin evolution, I don't know how long PoW coins can survive without a MAJOR-super-feature or whatever gimmick.

Too much has happened since January, I think UTC has to move to full PoS, better sooner than later.
I don't know if its possible to use the full PoS with 6s Blocktime but this should be tested.

I worry about hashrate, miner have speed corresponding to nfactor 15 (I compared speed with YAC, this coin had nfactor 13 recently and changed to 15)

I don't now why miner is showing n 15 but if you don't get any HW errors there is nothing to worry about

Can't understand which N-factor Ultracoin has at the moment. According this page it has N=13, but miner says that N-factor is 15

2014-07-01 00:32:37   Sell   0.00003500   100.00000000   0.00350000
2014-07-01 00:32:37   Sell   0.00003549   6.50272731   0.00023078
2014-07-01 00:32:37   Sell   0.00003600   18571.53694166   0.66857533
2014-07-01 00:32:33   Sell   0.00003601   16.12540596   0.00058068
2014-07-01 00:32:33   Sell   0.00003600   1191.51093607   0.04289439
2014-07-01 00:30:48   Sell   0.00003600   183.87459404   0.00661949
2014-07-01 00:30:48   Sell   0.00003601   16.12540596   0.00058068
2014-07-01 00:27:35   Sell   0.00003600   100.00000000   0.00360000
2014-07-01 00:27:35   Sell   0.00003600   12.89510000   0.00046422
2014-07-01 00:26:39   Sell   0.00003600   983.85459404   0.03541877
2014-07-01 00:26:39   Sell   0.00003601   16.12540596   0.00058068
2014-07-01 00:25:31   Sell   0.00003600   200.00000000   0.00720000
2014-07-01 00:25:21   Sell   0.00003600   272.25241754   0.00980109
2014-07-01 00:24:04   Sell   0.00003600   223.93299972   0.00806159
2014-07-01 00:24:04   Sell   0.00003601   8.06700028   0.00029049
2014-07-01 00:23:59   Buy   0.00003601   8.05840568   0.00029018
2014-07-01 00:23:53   Sell   0.00003600   200.00000000   0.00720000
2014-07-01 00:23:15   Sell   0.00003600   4312.88582857   0.15526389
2014-07-01 00:23:04   Sell   0.00003600   4279.37221273   0.15405740
2014-07-01 00:23:03   Sell   0.00003600   950.00000000   0.03420000
2014-07-01 00:23:03   Buy   0.00003601   16.12540596   0.00058068
2014-07-01 00:22:19   Sell   0.00003600   471.70961485   0.01698155
2014-07-01 00:22:07   Sell   0.00003600   98.00000000   0.00352800
2014-07-01 00:21:47   Buy   0.00003601   16.12540596   0.00058068
2014-07-01 00:20:57   Buy   0.00003601   16.12540596   0.00058068
2014-07-01 00:20:01   Sell   0.00003601   16.12540596   0.00058068
2014-07-01 00:17:44   Sell   0.00003600   6.93461022   0.00024965
2014-07-01 00:17:14   Buy   0.00003600   100.00000000   0.00360000
2014-07-01 00:17:14   Buy   0.00003600   98.00000000   0.00352800
2014-07-01 00:17:14   Buy   0.00003598   488.60000000   0.01757983
2014-07-01 00:17:14   Buy   0.00003595   21.92348621   0.00078815
2014-07-01 00:17:14   Buy   0.00003595   265.58132400   0.00954765
2014-07-01 00:17:14   Buy   0.00003558   22.14990168   0.00078809
2014-07-01 00:17:14   Buy   0.00003541   6.21310966   0.00022001
2014-07-01 00:17:14   Buy   0.00003530   100.00000000   0.00353000

first step  ,set buy wall at 0.00003~0.00005

Hello UltraCoin Community!

We've just released PocketCrypto, a new Cryptocurrency Management App that will allow you to easily manage your UltraCoin investment.  Hope you guys will check out the app and Good Luck to All!

We currently support all coins on Mintpal and Cryptsy. Polo and Bittrex will be added in approximately a week.



Pro Version (super awesome!) (no ads) (earlier updates)(no coin limit) (just because you love us )



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Please check out our main post for additional info, Thanks!
https://bitcointalksearch.org/topic/ann-blockfolio-bitcoin-and-altcoin-portfolio-app-android-and-ios-660696

That is up to the discretion of the shopkeeper. The business can either sell on an exchange, or keep the coins in their wallet. But to my knowledge coinpayments doesn't automatically cash out in an exchange.

Hello, can I explain the procedure of any store that accepts coins and crypto will take UTC?
For example, I paid for the items UTC, what will do next with these shopkeeper UTC? Sell ​​on the stock exchange? Or what? Thank you.

You're right, I like investor better. Changed. If anything is going to raise the price of Ultracoin in the long run, it is getting more people to spend it! We were able to get on coinpayments, now let's finish the job!

....Great start for the mass e-mailing.
Lets al follow these steps rapture333 shows us.

We need everybody to help !

Can we count on you

going full pos would be bad news and no1 would touch UTC just like now

why you say well

ppl like a fair distribution and UTC has alot of big bagholders

Might I just suggest we change the word "bagholders"  (will be added to a directory where Ultracoin bagholders can look and see )

"investors" or just "holders" or maybe even "clients"?

bagholders has some very negative connotations and  bad emotional messages to some of us.

Thanks