Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 16. (Read 381047 times)

Well I won't sell, at least now as the price is only at aprox. 75 sats sice I bought my bag last year in the begining of July at 210 sats, this will make my BTC investment turn 3 times less than it was more than a year ago. I trust that the the fork will happen but it seems that is taking ages, if the UTC fork will happen in 2 years, what's the point of it? anyway the tech will be outdated, as this space is developing at lightning speed.

what's the point of it? anyway the tech will be outdated

With all due respect if you're tired of waiting then just dump your coins already. As it currently stands UTC is already rock bottom on price with extremely low volume being traded, dumping your coins makes absolutely no difference at this point. With the price as is currently and the minuscule volume being traded I see no plausible reason why Usukan would be lying about the fork, there's no profit to be made off a long con on an already dead coin with no volume... especially when its cheaper to just buy the coin than mine it. So you either trust the fork is going to be delivered or you don't. My personal opinion is that dumping now would be idiotic and you're going to regret it if you do.

I can't wai too, but it seems that is taking ages, also we didn't saw any developement, apart from @usukan statements there is nothing out there to make investors wait even more time.

I would love nothing more than to give everyone more info and describe the new tech under development for Ultracoin.

As I have said many times before - I cannot because this is a closely guarded secret and I have given my word to the group that I will not divulge any further info until everything is ready.

Again - there is no roadmap or timeframe - or release date available.  The devs have as much time as they need to develop things properly with no pressure to release a half baked platform to conform with some arbitrary date we might pick.

It will come - but the choice for anyone here is:

1 - To wait
2 - To move on

Cheers - usukan

Hi Valpe

Yes indeed - a hibernation in trading for a few days - nevertheless!
There was a few months volume traded in one day last week! Almost 1.3 mil coins bought in 1 hit. 
Go back almost a month from that to the day - again 1.4 mil coins bought in 1 day!
What might this tell us?
To me it suggests strongly that someone believes this coin has a very bright future - and they are willing to put their money (BTC) on the line.



Yes a pool would be nice - but 3 things.

1 - The pool would be no good for the new Ultracoin - so only a short/med term service. A lot of work for a finite thing.

2 - Nobody with the expertise seems willing to step up with the time to build and run a pool (I still can't find Alenevaa - perhaps we did not appreciate him enough when he was here).

3 - Most importantly - the devs are focused on one project which is far more important and exciting than a pool - they would not take time away from the main event to build a pool at present.

There is sufficient hash to run the coins functions and things are cranking along just fine - I have checked with transfers and staking. Staking is the best way to support the network at present - if you can't mine. 
That being said - I would love a pool and to get back to mining myself.


Cheers - usukan

.

Seems like volume is having cold winter night.
Maybe it would be good give us some time table. It will be some progress if devs make us pool. It should't be too much to ask.

Valpe

I can't wai too, but it seems that is taking ages, also we didn't saw any developement, apart from @usukan statements there is nothing out there to make investors wait even more time.

The wait is going to pay off big time, I'm glad to see the devs talking about solid work they've been doing, can't wait to see the working platform, is there an exact date for the announcement right now?

Seems nobody wants to make a pool for UTC. 

So many miners,, pool would be nice 

Seems miners are back, more than 1,000,000 hash today, peaking at 2,500,000.

http://www.presstab.pw/phpexplorer/UTC/index.php

Nice. 

I promised an update this week on progress towards the new Ultracoin platform.




The project is highly confidential at this stage because everything must be in place before release to the general public.
We don't want to get swallowed by some of the large institutional players who have entered this space recently.
What is being created here is VERY SPECIAL.

I can report that:

Solid work continues on the new platform base technology.
Progress is good but the devs are a very thorough and careful bunch.
Thorough testing and further development is still required and other peers have been brought in to assist, test and advise.
Nothing will be released and rolled into Ultracoin until all has been thoroughly tested and confirmed working and SECURE.
Unlike many other new projects in the crypto space - a WORKING PLATFORM will be delivered - not an open promise to develop one as best they can, if they receive enough money from you at ICO stages.
There are no timeframes on migration - the Devs and management team will advise when they are ready. Thats the deal - there is no roadmap with timeframes.
A draft whitepaper on the base technology has been written but it will not be released until this project moves to public announcement.
A team from many disciplines including legal and marketing are working with the devs to put everything in place for public release.
Currently funding is adequate for continuing development - the project is not seeking outside investments.
The main message is - just wait.  Something big is coming.

Sorry I can't be more specific but thats the constraints I work with on this project.


Cheers - usukan