Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 124. (Read 381061 times)

Hello Grim,
Yes, the N-Factor change is our number one priority. Botnets are one of the reasons for the change, Kracko is also working on fixing the diff retarget, we are currently in testing now. Once the retarget testing is complete the update should be ready for launch.

Also we are hiring a pool director as a PAID position, you will also be an official member of the Ultracoin Team. If you are interested in the position, please e-mail [email protected] for an interview.

Sincerely,

Steven "Rapture"
Management Director
[email protected]
Ultracoin

Haha...sorry I asked...

What does this mean, to a layperson?

I hope so, and very soon. 

It seems after yac, UTC is the 2nd best target for botnets (thousands of cpu miners).
Look at the hashrate fluctuations (besides the diff retarget being one of the worst as well)

To reverse to nfactor 15 should be a VERY high priority now, 2nd to that (but really not that important) should be a fix to the diff retarget.

Hi folks...

Just wondered, with the recent concerns about BTC block size, and the threat of 'dust' upsetting the whole system, would UTC cope better with this type of 'attack' because of the fast 6 second transaction times?

UP ! 2 ½ months ... I'm stuck on ultrablockparty 17381 hostage!

Hi folks,

I know i'm just a newbie, but I wanted to say thanks to the management team, and the effort they have made in keeping this coin going. It can't be easy, especially if they also have other jobs to attend to. I have very litttle in the way of computer skills (still haven't worked out how to mine the stuff!), otherwise I would help. I have however helped in the way of buying UTC, and have built up quite a stock. However, I am not sure that it is the best thing to be doing. If all we have are a hundred or so folks with a percent or so of coins, what will be the point? It will never be adopted as a credible currency due to lack of availability/liquidity...what should be done for the best?

Cheers,

Roi

Indeed.....
This community has a big part of profit seekers and speculators.
They want to speculate and want profit but don’t want to do anything for this coin.
They don’t want to donate some financial help or don’t want to help with expertise.

In the past there were several donations actions to help UTC.
Only a handful of true community members and believers helped by donating.
At those moments of need the biggest shouters and trollers kept quit or looked away till the storm was over.

Stevan asked many many times before for some expertise and help from the community.
And ques what: Again, at those moments the biggest shouters and trollers kept quit or looked away.

What can we expect of Stevan, Kracko, Fabian and Paul, serious members who invested serious private time and a lot of private money for this coin.
They cannot do this for ever by their own while the rest is sitting down and just are waiting what’s happening.
Shouting and trolling will not motivate them at all.
The need helpful expertise and some donating actions to bring UTC higher.

So sambiohazard you are totally correct:
If people start donating both, money & expertise, then this coin can survive.

I invested in the last 1,5 year about a view BTC for several donation actions for this coin.
This is the only thing I can do because I have no expertise at al.

But I believed and still believe in UTC and I have some money so this is what I could do in the past and I am willing to do it again in the future if needed.

I see at this moment the team is all about Steven and Kracko;  so guy's if you have some good ideas for UTC and need some donation actions please start them.

It is also a good possibility to check if this community (a part of them) want to put their money where their mouths shout loudly.
And it is also a good check if community members really love this coin and want to invest private time by helping this coin with their expertise to help Stevan and Kracko.

Everytime I put out an ad for others to join the team or help I get no responses. Who do you expect to step up and take the plate? Without money, there's no incentive, and the only ones willing to work for free have been me and Kracko.

The price for this coin have been in a steady decline for over a month, and now you are coming here saying that you'll be out of town until the end of this month?

I think it may be time to either call it quits or officially start recruiting replacements for yourself and kracko as the two of you clearly don't have the time to support this project anymore. That may sound harsh, but I'd rather see the coin survive then to be left to rot because the devs don't have time for it. The two of you certainly did "save" the coin and have had your time working on it, but the longer the current state continues, the worse it gets.

Regarding the pool issues: There simply isn't any excuse for how long they have been in a less than 100% functioning state...NONE! If the pool operator cannot (or is unwilling to) fix the problems, kick him/her to the curb and hire on somebody that CAN operate a working pool.

I am still here, I am currently out of town and away from my desktop, I should be getting back towards the end of the month and able to address more of your concerns. Thanks for bringing up Ultracointalk.org, I am not sure what is going on with it but I will call the host tomorrow to get it ironed out. As far as the new website, it was 90% done last time I saw it, just some final custom tweaks needed to be made, I'll get in contact with the designer and see what's the hold up. Like I said, I am in this project to the very end, there's no pump and dumping going on, at least not from me. Easily said by hard to believe, but I have never sold any of Ultracoin. I have been a part of Ultracoin because I truly do believe what we are doing is a noble cause that has the power to change the world. I am going to call Kracko in the morning and figure out what is going on once and for all. Just know that there are other developers who are interested in coming aboard, and we are going to start paying our developers for their services as asking people to work for free just hasn't worked out well for us, and barely covers the stress and work load. It's time to get serious, and one thing we never had was money, but I am going to coordinate between myself and a few investors to start injecting capital into this project, lest we keep hitting the glass ceiling forever.

As far as management goes me and Kracko have virtually been on our man. Paul and Fabian did a fantastic service to the coin by reliving the previous team from their position, those who have been here long enough remember it. That has left the ball in Kracko and I's court for the better part of the past year. Unfortunately there is only so much I can do as my programming knowledge is limited, running the pool's, running the website, modifying parameters of the coin have all fallen on Kracko. This has put a lot of pressure on the both of us to perform, pressure which comes with the positions we've volunteered for. Unfortunately, that means there are no contingencies if something were to happen to us, our work schedules, etc that could effect our performance and dedication to the project. From here on out, we are going to have to outsource like some of you have said. In the past, we took on everything because there was noone else out there willing to do it, or at least not for free. The fact that more pools have popped up and the community continues to grow and stay active has been very heart warming, and now that capital is flowing, I believe we can soon thrive if we try. I will be investigating all of our options when I get home, and I will also make withdrawls from the pools my number one priority as that has mostly been the pool operators responsibility however it is now a consistant issue that needs to be resolved ASAP.

Sincerely,

Steven "Rapture"
Management Director
[email protected]
Ultracoin

there isn't much volume on exchanges or i would suspect that they are cashing out and abandoning ship. Its clear that they dont have the skills needed to run this coin smoothly. Every problem hangs around for months & then some patches happen but problem isn't solved and it reoccurs. I wonder if all those plans for reward reduction & business were part of pump & dump exit strategy which obviously didnt work as it was pooh-pooed on by Beave. Now they seem stuck and need to solve some problems to pump the price & exit.

I don't know if scrypt-jane coins pose some specific challenges or a flaw in the design but they dont seem to be up to it. Also they never seek to build partnerships. They want everything coming from them, the pools, block explorer, problem solving, decisions. Please open up and ask for help if you cant solve the problem yourself. Take advantage of open source nature of this project.

I hope you haven't abandoned the coin its a great experiment but it surely is suffering from poor management.

It seems http://ultracointalk.org/ is down for a long time, isn't it? And pools are still off?
Is anybody trying to solve it?

How are things comming along? we could use some good news about now

you can just let the wallet run once a month for 6 hours or so , 
your stake amount accumulates over time, so instead of staking a % of a coin you will stake several coins at once, as you will have a much higher stake amount. depending on your balance of course   

price continues to fall