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Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 846. (Read 946658 times)

hero member
Activity: 728
Merit: 501
BIDDING IS CLOSEDSTAY TUNED (we might have to counter some offers that were fairly large to give others a chance aswell), If certain payments do not follow through we will reopen that spot.
hero member
Activity: 882
Merit: 563
Bitcoin to the moon!
Its out now?

Not yet. Read the OP, it's coming out on the 1st of February.
sr. member
Activity: 672
Merit: 273
legendary
Activity: 2328
Merit: 1292
Encrypted Money, Baby!
Why? Because people got used to saying no to premined coins here? I think, if it's transparent (which it seems to be), then it's okay.
full member
Activity: 196
Merit: 100
Like it or not the premined amount is what holding me back from investing in this coin.
legendary
Activity: 2328
Merit: 1292
Encrypted Money, Baby!
Being paid for your efforts is not a crime
That's just because people tend to think that all work which happens on a computer is more like playing computer games than hard work. I hate this attitude. Just because someone is using his brain instead of a shovel to work does not mean he isn't doing anything.

Bumface, i wish you best luck. From what i read from you in trollbox, i'd say you're a honest guy and i'd like to see this coin succeed. Smiley
sr. member
Activity: 455
Merit: 250
The premine percent is bullshit and so is the innovation, because it has none.  It's another pump and dump coin for some programmers to get rich quick.
legendary
Activity: 1672
Merit: 1014
Can it be confirmed that CT will really add this coin. I can only find it mentioned here and @official_utc on twitter.
There is nothing yet from CT/Neotrix to support this claim that they will add it
Huh

edit: admin confirmed it Smiley 
looking forward to a new coin on CT, its a rare thing that happens! Cheesy
full member
Activity: 182
Merit: 100
I just have setup a scrypt-jane explorer last month. Will try as early as the source released. Grin
full member
Activity: 182
Merit: 100
Interested and will try mining
hero member
Activity: 560
Merit: 500
Minds are like parachutes they work best when open
May I add I support this coin as I know the team well. Im buying coins in stakes like anyone else. Im quite happy for Bumface and Ziggy to be taking a small premine cut and the reasoning is simple. Firstly they will put a lot of time on the line for promotion, if working 9-5 this gets in the way, therefore a little cash helps pay for their time. Its pointless saying their time is paid for when prices increase, because unfortunately putting food on the table and bills do not wait for those periods. Secondly I doubt anyone could say their cut would be 'dump' levels, im actually impressed they hold such a low share, in comparison to the amounts devs from dodgecoin and NXT were paid they are being very fair.

I for one am pulling the stops out in promoting this. As the exchanges know good people are behind it with well known promoters they have safety in the future of the coin. All I can say this coin has a very bright future with its acceptance on exchanges....
sr. member
Activity: 390
Merit: 250
I'd rather be very sceptical about new altcoins, but really looking forward to this one! Smiley
David Pate and Koolio said a lot of good things about UTC via twitter and Neotrix (CT admin) wouldn't add the coin if it was scam.
so, as a shareholder of crypto-trade shares all i can say is "welcome! you're in the right place".
newbie
Activity: 47
Merit: 0
Wouldnt it be better if it was cpu only? I don't understand how letting gpu farms get at this will help the distribution.
sr. member
Activity: 434
Merit: 250
Sounds good. Proper launch. Explained and transparent premine. And scrypt jane is nice to gfx cards. Will mine on day 1. Cheesy
legendary
Activity: 1638
Merit: 1011
jakiman is back!
As I see it, premine is OK if the developer works super hard to ensure its success. It gives them incentive.
The complainers just want to get rich themselves and don't want to make the developer rich in the process.

People don't realize that the very money that we use (fiat) is pre-mined a lot more than 2%.
Heck, nearly 1% of the world population owns more than 50% of the wealth. Unfair right?
hero member
Activity: 728
Merit: 501
remove the premine and this coin will wreck all the other alt coins, only because koolio is on it

premine has a reason
full member
Activity: 154
Merit: 100
0.1% premined  enough, 2% , woooo..................., seems scam
hero member
Activity: 826
Merit: 500
I can't support any coin where the premine is not explicitly used for giveaways or to improve the coin. The presale is obvious developer profit taking. I'm not calling this a scam coin, but I don't see any real innovation or reason to support this over other altcoins.
full member
Activity: 140
Merit: 100
Just curious, is this a BTC-E fan coin? I have have little experience with BTC-E and do not know of the people involved with this coin, but it seems like more people are excited for the people involved rather than the coin itself.
member
Activity: 90
Merit: 10
It takes hard work and guts to put and already good reputation on the line to create something for the betterment of the community.  Being paid for your efforts is not a crime (for those who think other people making money other than themselves is).  I wish you the best and will be there on mining day. Cheesy
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