Topic: eUtopium [UPM] ∞ Social Enterprise of Mystery: Truth, Knowledge, Education. - page 4. (Read 62508 times)

in light of the price and lack of submissions, i will adjust the rules for the eUEF-funded contest:

• prize pool will be in BTC
• 3 winners will receive 0.0666 BTC each
• closing date of contest is 31st august 2014
• prizes will be paid out on 1st september 2014
• vote for your favorite paper and discuss them on this thread

Wow, impressive!

Nice little bounce this morning 

Current market cap less than 10BTC? I'm taking some chance with this one. The idea behind it aint so bad.

Just keep doing what you have been doing. Not every coin can be an instant win. Some times you have to wait for the world to catch up

well, what kind of updates would u like to see?

Trouble is that the door is the outhouse at your mountain cabin far away from technology.
You have a coin that never gets updated after the launch day.

before it's time is a good thing imo. it means the potential to get picked up later is high. much less than i can say for 90% of the coins out there that are just going to go to the graveyard. crypto has been abused by devs and their coin-spam. releasing worthless currencies cashing out their premines, having hidden premines, and all other types of conspiracy. if communities dont want to work together, which is a major factor in decentralization, the governments and centralized systems would have proven their point. humans need to be ruled with stringent rules and regulations to keep the peace and prosperity as well as fairness for all.

ive said it on quite a few coins. there really is no scamcoin. if a community promotes and develops a coin it will gain investors and increase in value. but noone wants that. they want the dev to do everything and they just want to buy and collect 10x their money 5 minutes later, cashing out and abandoning the stock. throwing away the opportunity. theyve done this to 100s of coins to the dismay of some devs im sure. other devs decided to fuck them before they get fucked. what we're seeing is an intrinsic lack of teamwork and gross self-servience. the asic miners arent helping either. theyve served to empty the pockets of all investors whilst driving prices lower and lower.

its a better strategy all round that instead of panic selling, investors who suffer heavy loss such as 10x or 100x dumps buy more coins at the low and focus on continually buying and building the value of the coin to make it attractive to other investors. but what we're seeing is that when they dont get their 10x rewards within a few hrs of buying in they dump, and when others dump, they follow and just dump stock into oblivion. then the hashpowerhouses make it really unfair for anyone else who is trying to get into crypto.

the selfish nature of man leads to his own destruction. and here we have that nature destroying all crypto enthusiasts hope for a thriving crypto-economy. for some there will be major gains and for everyone else there is major losses. what this will do is simple. stop investors in their tracks from any interest in investing in crypto seriously. its obvious that crypto communities dont take what they are participating in seriously as an investment. just a way to extract more money from others. its bad pr for crypto itself and screams to the authorities of all countries and begs for regulation by central powers. yet when they try to regulate it everyone feels defeated.

it's a graveyard out there, and alt crypto is dying unless we can attract new investors into crypto. even btc is at risk of decline. so i think it is time that players in the crypto economy start thinking about really letting others gain some benefit or they may just find themselves out of a crypto economy whereas they couldve had their family's financial freedom secured for generations upon generations through cryptocurrency, instead they cash out for pennies, and leave a graveyard for their kids, just paving the way for a fully privatized or government controlled currency to rule the future.

i know many may not see this post but it really is for all of crypto to read. you are destroying your future and with every coin you dump to oblivion as the OP put it, you destroy an opportunity to prove that the public is capable of organising, sharing, and thriving on the help of eachother rather than relying on centralized systems. stop buying at 10 and selling at 11. buy at 10 how much you can afford and no more. put it away and forget about it till the value is 100x. if everyone just did that we could see all altstocks competing with bitcoin values and better. even bitcoin would do better. but between weak traders and the few that control large amounts of hashpower over the many who are just running gpus like the average citizen would, it is time to show some restraint or i swear by the looks of things.. every single coin on the market will get dumped and btc will be no exception. it will be centralized, regulated and thatd be the end of it.

Don't forget, the general state of the market is scaring away too many investors from most new coins... Being delayed to trex during the c-cex pump didn't help, either.

Looking back now, UPM would have obviously benefited from a more timely launch..... say, during the next wave of altcoin investors the market is clearly waiting for?

Until then, the future of UPM depends on whether those involved can provide something novel and genuine to the quickly shifting paradigm of the altcoin market. This means more than ideas.

Yeah, the market needs more philosophy. Period. Question is... will UPM be a competitor when the market is ready to indulge? It could definitely happen.

So, what's the next step.......?


...I think it's obvious.

The dev's want a strong community. Sure.

But to be an altcoin competitor with a strong community, it's becoming more and more clear every day that potential investors need to trust the dev's and we need to see some more useful code. If the dev's provide the trust and utility factors investors are now screaming for, the community can be built confidently for the next big wave and no one has to worry about the price...

Otherwise, I think UPM is unfortunately before its time.

its a whole year to mine 1 million coins.. lol. people are so dumb.. it is a great investment opportunity no doubt why they dump it like that is beyond me. maybe theyre really poor or something but whatever they dumped at if they waited couldve gotten 10 or 100x that if they were a bit more patient. after u dump and abuse a market like that investors get put off. utopium needs to figure out something exciting and new to take part in and gain some attention. the 1000 floor is pretty solid but we're just not getting any new investors atm and it seems old investors are also dumping at a loss losing faith in the coin. all in all id say things are looking pretty grim for utopia unless some new investors can be attracted.  

Hey not for nothing but I was able to cost ave to a little more than current price by buying 10x more then I started with

Let's walk through this door together & get this coin back to where it should be.

"I'm trying to free your mind, Neo. But I can only show you the door. You're the one that has to walk through it."

well only good news I can see right now is its having a hard time dumping past 900

This all too bad, unfortunate for all of us....however I do believe in the beginning of this thread it was mentioned that this

developer was related to another P N D.....

I find that when a good standing member has warned of these people and been correct, I will follow their posts to see

what they have to say about new releases, saves some headache.

DEV is a piece of shit!

Hoping for an update & encouraging signs from the Dev.

when does the mining end .. is there a block explorer ?

i guess noone cares about utopia. sounds about right though i must admit. people just go where the hype is to extract btc quickly. no reinvestment taking place, no longterm investment strategy. i suppose that's humans for ya. as long as selfish people exist, there will never be utopia. imagine if the big holders started selling down bitcoin tomorrow the way people crash these alt stocks with no care. the coin really is doing poorly to attract interest atm. whether that will change is yet to be seen.

really, did you have to sell down the entire stock? couldnt u just sold a few and wait for new buy order to replace it and sell all at the same level? was it absolutely necessary to sell down to 1/40th the trading price with no regard for other investors?

luckily the coin's structure prevents it going much further with the current buy orders, itll take a long time and major loss for any superhash to jump on and sell it down further. the electricity and rental cost would be too much. so id say yeah we have a pretty damn solid and safe 1000 satoshi floor atm. all depending on whether bagholders hold or sell at a loss. we should be in better shape at the end of this mining period but the community has to keep the coin alive. dev are u still with the coin? any future plans for the community? or are you done?

yeah, what more dump do you want .. this is on it's way to the garbage