Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 56. (Read 381003 times)

UPDATE

This is a bit of a heads up to let everyone know whats going on behind the scenes.

First off - I have had word from Steven (Rapture333) that hes had a few complications with the new Ultracoin Website - mainly due to lack of continuity with the original publishers.  Hes pretty much starting from scratch again as I read it.  Fear not - he is on the case after being pretty busy for long time in his business over the Xmas/New Year. Steven will get back when hes got it sorted and we can all discuss the dev path going forward - of which Steven has already developed some ideas - but all ideas are "on the table" and everyones feedback has been noted.

I've been a bit stretched lately business wise but - In the background I have been contemplating 2 things for UltraCoin based on some perceived needs and opportunities.

First off - another exchange might be handy with the Bittrex lately - yet again threatening delisting of UTC and their upgrade limiting new coin listings.  I've been doing a bit of trading on a decentralised exchange for some specific coins not traded other places.  OpenLedger is the exchange and I have been highly impressed.  I have approached the exchange to see if we can list both UltraCoin and the UltraCoin Waves token.  Ronny Boesing runs the exchange out of Denmark and he is also the CEO of Coinsbank (UK) which is a very slick operation for trading and fiat gateways/deposits and Crypto debit card issuance.  Ronny and I will explore these OpenLedger possibilities for UltraCoin and its token and I will get back to the Community.  Like all decentralised exchanges - its not high vol - but its good for some specific coins.

If anyone else has a favourite exchange - talk with that exchange, find out what the deal is and report back to this Community.

Second - we have a few opportunities from this Ultracoin Waves token that has been kindly distributed by Team @Cripto to many in the UltraCoin Community.  While this token will be tradeable on the WAVES platform and be directly exchangeable to BTC and FIAT via WAVES gateways without any additional effort or dev input - the other major opportunity we have here is linking UTC directly to the UltraCoin WAVES token via a multigateway.  bcdev has already set up a multigateway test for WAVES/DOGE and the WAVES devs will deliver a Scala template for other coins in the future.  This would allow transfer of UTC to UltraCoin Waves tokens - back and forth at will - and I think it may add value to both UTC and the token. What this enables is the token to act as an extension of UTC on the WAVES platform.  It allows you to transfer your UTC to the token which can be managed on the WAVES platform via Windows/MAC/Android and iOS.  We can easily build UTC utility on this and at the end of the day - we get gateways back to many FIAT currencies and BTC (plus any other currency on the WAVES decentralised exhange, DEX) when WAVES gets this sorted over the next few months.

Related - UltraCoin has an Official Dev fund wallet holding 9,000,000 UltraCoin WAVES tokens.  This has been supplied by Team @Cripto and a generous donation (4,000,000) from one of our Community members.  I hope we can use this to great benefit in the future.

All just ideas at present but not without great opportunity for the UltraCoin Community.

I will update you all as I meet success or failure.

Last - don't forget the offer from Team @Cripto


one last thing - if anyone has any FOMO and wants a few UltraCoin Waves tokens - suggest you post your interest here and agree on an OTC trade via PM with any Community members willing to sell. Conversely - if you want to sell - do the same.  

Might I suggest perhaps the best Escrow in the business for OTC trades
https://bitcointalksearch.org/user/yassin54-222847
Tried tested and trusted 100%
Just PM him when you have agreement on a trade and he will ensure all is good


Cheers - usukan

yes agreed i am favour of this too and we all should be work over it for better result from it.

Is anyone able to mine UltraCoin with RX470/480? I don't believe it is possible with YACMiner. Perhaps, UTC should lobby to get it supported on SGMiner-GM!

Hey usukan, thank you for the explonation. I tend to discard tokens without looking into them but if it's helpful to UTC, I'm not goint to go against it (not that I would nor could).

Hi bathrobehero

as Team @ Cripto says - its all about what the UTC Community might choose to do with this opportunity.

I am in two minds about your comments.

Imagine this for a moment - UltraCoin sets up a multi-gateway that allows flow/trading both ways - UTC to UTC WAVES token and back.

The multigateway template is out there and tested for a few other coins to/from the WAVES platform.

So the token ends up merely as an extension of UltraCoin - and that extension has a value based on UltraCoin - but additionally - that extension has more utility than the mothercoin - Ultracoin.

Difference is that the token is tradeable on the WAVES decentralised exchange for other coins incl bitcoin - and its tradeable directly to FIAT currencies via the official WAVES gateways.  So you can trade your mined UTC directly to cash or BTC or other coins.

That in itself feeds back to add value to UltraCoin.

Further - UltraCoin also has the ability via WAVES to issue new tokens linked to Ultracoin to aid developments.  UltraCoin could do ICO to set up/buy other assets/utilities/development that send profits back to the UltraCoin WAVES token holders - I'm thinking along the lines of Iconomi or other similar.  The original UltraCoin does not easily allow this.  This would feed back to value for UltraCoin via multigateway flows.

Keep thinking - there are indeed some interesting opportunities in this.  Being created out of thin air for free and not being mine-able ignores some of the value of utility in this extension to Ultracoin proper IMO.

Just a few ideas off the top of my head - but the UltraCoin Community may have more and better.

Cheers - usukan

Mr Potato - please PM me

Thanks usukan

Missed it as well but I don't mind it. I don't care much for non-mineable tokens created out of thin air for free.

Team @Cripto advises that

Missed the deadline.  

Wallet sync was very slow, should have started earlier.

At least I have functional wallet now.

Team @Cripto advises that the snapshot has been taken - no further addresses will be added for the distribution.

They have decided to distribute at least 5 x UTC holdings to each participant from what I read - instead of 1:1 - so you should get 5 times more UltraCoin WAVES tokens than you might have expected..............

Cheers - usukan


These members must now - according to the advice given earlier by Team @Cripto

of course - its only a "virtual" address at Bittrex (it receives your UTC but they are transferred to hot/cold Bittrex wallets after that)

The address must be on an official Ultracoin wallet address - that holds your coins to be listed on PressTabs block explorer

My address seems to be missing from the top 100 list. It's Bittrex address, do I need to create new address with official Ultracoin wallet?

The fork was a few months back - and all the network moved over to the new wallet - nothing at all to do with top 100 addresses?  Everything and ALL ADRESSES are on the new network. 


The top 100 addresses are for the WAVES UltraCoin offer by Team @Cripto - and this has really nothing to do with UltraCoin proper.  Its just a distribution offered as a promotion by some WAVES members.  It does not affect the real UltraCoin at all in any way.


There is a bootstrap here of the blockchain to allow a faster sync - just follow their instructions on how to run

http://cryptochainer.com/dir/?page_id=365

https://mega.nz/#!vpQ3iASC!TjrtD1ud3mNNbyaoErW_IDh9O3csgS1TvfJ8EhELb4A


My personal preference has been to download the whole blockchain for any new wallets that I have set up - it takes me about 4 days on average for a full sync of the new UltraCoin wallet.  Not particularly convenient if you are in a hurry - but acceptable if you plan ahead and just set and forget.

Whats the issue with Mega anyway? - lots of folk in the Crypto space use it as the go to place - because of security, privacy and ease of use.

Cheers - usukan

thank you for the reply.

my 2cent about fork, you should consider port all address and not only top100, it's not right

there is any recent bootstrap? (not on mega please)

just a reminder

https://bitcointalksearch.org/topic/m.17378511

only 4-5 days til the UTC address holding snapshot is taken

Team @Cripto advise that the distribution may be randomly increased (from 1:1) to those participating - in "a rather generous manner" if many UTC holders decide not to partake.

Cheers - usukan

You will need advice from somebody familiar with Linux I suspect

Of course you can install the new wallet on windows - insert your wallet .dat file and sync that wallet - and you will be up to date with a working wallet.

https://bitcointalksearch.org/topic/m.16830964

Cheers - usukan

hi everyone,
i have an old wallet (UltraCoin version v1.0.4.1-g32a928e-beta (2014-06-30 21:21:37 +0800)) on my linux
can anybody help me to upgrade to the new blockchain?

thanks in advance

Steven will get back shortly to discuss

Cheers - usukan

Hey guys any decision on development direction or how it will be funded?

Team @Cripto has advised the following

http://ultracointalk.org/b1/atcripto-ultracoin-waves-asset-distributions/274/msg514#msg514

Cheers - usukan