Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 730. (Read 946654 times)

FRESHMARKET trading UTC is not really effecting anything. the volumes are tiny no one trusts that little trade. any big volumes and they could just dissapear hence 7 Feb onwards when it hits other platforms is when it will see demand

this is why we delayd the trading to the 7th, to let miners catch up to even it out a bit, however then i received a message that freshmarket had implemented UTC.

crypto works on supply and demand, clearly there is already huge demand for this coin. the less people who sell the more scarce it is hence prices will increase. People who do sell will set the standard where it should be i mean look at VERTCOIN it has a similar amount of coins mined at just over 1.4million yet has smaller support and backing than UTC but the coin value today is sitting at $4. If that can hit 4 dollars then i dont even want to think about what UTC will hit

with transactions from miners selling their utc

if everyone holds, how is the coin value gonna go up?

I am a shareholder too, i will not be selling im holding my coins, furthermore when this hits exchange im looking to buy more. This is very early days and big things are coming to ULTRA watch this space.

I asked this question before, but I didn't receive an answer:

The OP states that selling stakes was to be done to make it more fair for traders to compete with big miners who have an advantage at the launch of a coin.  

How does the philosophy fit with only selling to 38 individuals who collectively own 11+ days worth of mined coins?  You've basically created a trading monopoly far bigger than any miner could have accomplished.  

I'm not trolling, I'm still trying to get some answers on how this stakeholder business was good for the coin long term.  The only clear advantage is for the coin creators and potentially for the stakeholders if the value goes up.  I feel by trying to thwart large miners, you've potentially only catered to large traders that no longer need to buy their coins from miners.

I think there may come a time when UTC mining gets a similar treatment that LTC mining received.  LTC profitability was always at least double that of bitcoin.  I am not short-sighted in this theory, just thinking it could be a side effect from scrypt FPGA's.

I've also been buying BTC since 2011 - and things have changed radically since then.  There was no competition, there was no general knowledge of crypto-currencies and they certainly had no (or very litte) value.  Today there is a plethora of coins, intense competition and the knowledge that they can be very valuable.  There are people invested in coin A that look at coin B with contempt and/or jealousy and people angry they didn't get in "early" enough or make enough money who would like to damage a new coin.  With the dangers involved in establishing a new coin, I think hiring a team of people knowledgable in SEO and marketing and such is a good idea.  How much are coders going to know about these areas?  So I am not upset that an initial investment was needed to get the coin goin.  If it doesn't work, at least they tried - and thats the risk we take (I'm an origing stakeholder).  But I think this coin probably will do well.  (my definition of well is $0.30 to $0.50 per coin).
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$0.30...? I wonder which price i should pay now considering i want to make some profit on my investment



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It's selling at .19 - .21 cents right now and has been for most of the time it's been on the small exchange.  A 5x increase in 3 days is a lot.  If it crashed down to $.05 then sure, it could go up 5x, but not at the current prices.  There just isn't any reason for that valuation when it's so easy to get.  If it were to jump to a dollar, you'd make 111$ per MH/s or so every day.  You don't make 1/8th of that mining Litecoin. 

Is it way to brutforce pass in wallet? Probably made some mistake when typing, so can't send coins. (I know, I'm fool) There are scripts for bitcoin brutforcing, but where is file like "bitcoind" in ultracoin?

It's not fair to me
i am working very hard for our UltraCoin
it's very beautiful
and i like it.
Hope I can get everyone's recognition.

thanks

I should qualify that $0.30 to $0.50 - I am talking the immediate future - and the closer we get to the feb 7 the more people will buy in anticipation of a price rise we could get close to that - and when it opens on the bigger exchange approaching a dollar could be possible.  I've thought of mining coins, but the reading I've done says that even is mining is mostly speculative - mining is usually a close to break-even endeavor that only becomes profitable when the coin increases in price - at a later date.

Apparently nobody reported it, but utc.pool.pm is running smooth again.

not selling any of my coins until there worth $2 each

It's already selling for $0.20-$0.30 right now.


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I've also been buying BTC since 2011 - and things have changed radically since then.  There was no competition, there was no general knowledge of crypto-currencies and they certainly had no (or very litte) value.  Today there is a plethora of coins, intense competition and the knowledge that they can be very valuable.  There are people invested in coin A that look at coin B with contempt and/or jealousy and people angry they didn't get in "early" enough or make enough money who would like to damage a new coin.  With the dangers involved in establishing a new coin, I think hiring a team of people knowledgable in SEO and marketing and such is a good idea.  How much are coders going to know about these areas?  So I am not upset that an initial investment was needed to get the coin goin.  If it doesn't work, at least they tried - and thats the risk we take (I'm an origing stakeholder).  But I think this coin probably will do well.  (my definition of well is $0.30 to $0.50 per coin).
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$0.30...? I wonder which price i should pay now considering i want to make some profit on my investment

has true value reached 1 satoshi yet? 

colinfx is right
10% would mean 10 million coins
there have been created only ~2410000 coins which is far away from 10 million...

Definitely .

10%? It was 2% right?

From page 1:

Yeah, difficulty up and price down. About same profitability as LTC which is abysmal.

Premine was an incredible, truly unbelievable... 10%.