Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 75. (Read 381063 times)

Just waiting on Rapture333 to run through the wallet tests - hes been away

Cheers - usukan

I am pleased to report that Alenevaa has completed the mods to the wallet. Thank you so much Alenevaa 

I have personally tested all functions of the wallet and the connectivity issue has been fixed. Hallelujah!!!
All other functions (stake/send/rec/sync etc) also test out OK.

I must now have Steven and Presstab confirm - then the final version of the wallet will be compiled.

We are close now to final resolution.

I will update within the next few days.

Thanks for your patience.


Cheers - usukan

No - thats not actually correct (I'm mining).

for instance - it says this at present "The last block update occurred 57 minutes ago" (Update - now it says "The last block update occurred 6 minutes ago.")

which means no-one has got a block for 57 minutes or 6 mins

Current Bittrex WALLET STATUS
Normal   UTC   1787029   3   8 minutes   Mon Aug 29 2016 23:02:09 GMT+1200
https://bittrex.com/Status

Thats why we are fixing the diff retargeting with a new wallet - we are having periods with few blocks - then periods with a block every few seconds.  Obviously this is not good. Bittrex advises times since last block.

The network still works - just that sometimes requires a long wait for transactions - other times a few seconds for 6 confs.

Cheers - usukan

Coin says blocked on Bittrex status page. Nobody mining\staking?

silly me ! thank you very much , found it ! syncing and hold staking with the new wallet!

New wallet update

Alenevaa has planned out the mods to the new wallet - but unfortunately he has been too busy on other things in his real life to actually code it up and test it yet.

He thinks he will get this done early next week.

When we have thoroughly tested this new version - we will release it to the Community.

Please note that the new version has a higher stake rate (it will move from 2% to 5.2%) - so if you are thinking of staking - might be worth holding off for a while till new wallet is out.

Cheers - usukan

When you first open the wallet - there is a little Checkbox to click which says for staking - you are then prompted for your password - after that it starts staking

can someone enlight me how i can unlock my wallet to stake ? if i recall correct it was a command from debug window.. but its been a while since then ^^

Thanks Usukan wise words as always.
We will get there, UTC will be back in the business.

Special thanks to Alenevaa, good job.

I just love this community.

Valpe

@bitcoinbs

Well its a pretty green colour......






No seriously - at present UTC does not have much in terms of differentiation or point of difference.  Thats what will develop in the near future. We are working on rebirthing UTC.

The community has been over this a few times.

We do have a particularly special algo that is exceptionally ASIC resistant.

Its POS/POW and we have set some pretty good rewards on these to curb inflation.  Our policy has been agreed and coded.

UTC was around from the start - so we have a historical place in crypto (which we may leverage)

One interesting thing here at UTC is we have a small but dedicated community who are willing to put real funds into development.  I'm involved in lots of other coins and this does not often happen. Theres usually lots of folk with ideas or arguments against them but no one willing to put skin in the game by investment in development. With our latest projects I was overwhelmed by real funding support from a core group of the community.

Another VERY interesting attribute of UTC is that we have a SMALL community that is well aligned and well experienced in crypto.  This actually makes it easier to get agreement and make decisions for development. This makes us nimble unlike many other lumbering coins.

What we will have soon is a solid base to start working with and adding utility on top.

Personally with UTC I am looking at things from the perspective of building a platform for an evolving coin - with a specific niche for use that can grow over time and create value for all stakeholders.

When faced with the choice of starting yet another new coin that everyone will just ignore due to choice overload and lack of history - I think we can do better with UTC thats been around for a while and weathered some storms yet still retains strong supporters.  Sure - there are some good arguments for a start from a clean slate - but I consider we have qualities in UTC that are advantageous and will make our job easier and better in the end.

We published a draft roadmap a few months back - we have no set path or decision on the niche that we will follow and the strategy to capitalise on this niche - or further implementations that we will employ for the growth of UTC.  The community will discuss over future months and we will then move to develop things according to the plan agreed by the community.

Cheers - usukan

anything different other than fast transaction

Hi there @funsponge

Well we'll all be sad to see you go.  You've been here a long time and a true supporter in our many challenging times.

In my darkest hours - I too have had all the same thoughts as you too.

That being said - I am widely diversified already and have pledged to get UTC off the ground again.  I don't give up easy.  Its only a hobby and a great learning experience for me.  Had I known just how many problems we would have upgrading the wallet and fixing all the issues I would have thought twice about taking this on.  I have however taken it on and won't give up.  I want to see UTC back up there and successful again in the future.  I will keep focused on that in my available time - and we are just about there now.

Overnight I have had word from Alenevaa.  He has worked tirelessly to track down our last remaining issue.  He has spent a massive amount of time running trials to pinpoint our connectivity issue.  It seems that we cracked the difficult fixes quite quickly with the help of PressTab (the retargeting, staking and other streamlines tested out fine and were done within a short time) - but we got VERY much stuck in an area that should have been straightforward.  Never underestimate the complexity in these crypto systems. If any of you have been through the ETH fork, DAO contracts, DAO splits, child DAO's, splitting ETH/ETC, replay attacks and working with DAO-C etc - you will have a feel for how much this is all wild west frontier stuff thats still being charted. All our best minds pondered what the issue was - we just could not find it.  Finally - through the valiant and tireless efforts of Alenevaa we have identified the problem and Alenevaa is putting together a modified wallet with the fixes.

Like everyone I have been very frustrated by this very drawn out development phase but its gone ahead just as fast as we can with our available resources. All of us are very busy on other things that actually pay our bills and travel and other factors have slowed our step by step progress across the team. If I wasn't a VERY patient man I would have walked from this project a while back.

Its still going to take a long time to get UTC back on top again.  We are just rebuilding the foundations at present. After that we can get back to the interesting stuff that will over time set UTC apart from other coins and give it real purpose.  The journey will be advised only for the patient though. I'm here for years - not months. Anyone sticking with UTC must consider the same timeframes - and follow through developments step by step to achieve our goals. Sure we will have a few PND's along the way - thats inevitable in crypto.

Our mission is to come out with a genuinely useful UTC in the end - and one that keeps evolving to capitalise on future opportunities.

We will all be working towards this for some time to come (and it won't be all roses) - come back and visit sometimes for a catch up.

Good luck for your new investments.

Cheers - usukan

Thank you Funsponge for all your support and best of luck with future investment in altcoins and welcome back later if you want!
I´m still here and support UTC, Usukan and Steve and the rest of the community. If needed I will continue to support financially for further development.

Thanks for your support to UTC!

UTC will be here in the future. I give my full support to Usukan. Still development could be faster.

All good for you Funsponge

Im coming on here to say my farewell to you all at Ultracoin.

I invested at the ICO and got my first UTC from Bumface and have been an avid Ultracoin support and promoter and even ran/run the Ultracoin twitter account but its time for a reality check. I've invested $12k in the last 2.5 years in UTC and i know i'm never going to get that back, so cutting my losses whist I can and taking it as a hard lesson learnt. I invested that much money as at the time of purchase ultracoin promised so much at the start. the fastest crypto created (7 second transactions), listing on btc-e.com, full time developer, marketing budget etc etc

I'm a long term investor and was never looking for quick profits. I do and will continue to invest in altcoins I see as being at the forefront of altcoin technology, but its over guys for me on Ultracoin. The only people left are bag holders hoping it gets pumped by a whale. The daily volume constantly is getting lower and lower many days go by and not a single dollar is spent on Ultracoin. Who would want to own it? Ultracoin doesn't even have a developer or a plan. Its failing further and further behind all other coins. Other altcoins have marketing teams, 5-6 developers, full time social media managers, funding/investors. They have created pegging systems, smart contracts etc etc.
 
All Ultracoin has is about 5 community members, a logo and a dreadful outdated wallet.

Ultracoin is never going to get any real world use.To stand a change it needs to be in the 20 Altcoins at least, and be on all the exchanges to get the following and community.  

I really wanted this to work but sometimes in life you have to take an educated risk and this risk didn't work out for me. Sorry guys Good luck for the future in whatever you all do.

Alenevaa is back now and hes having a look at our last issue (above).  Will update.

Some damn cheap coins on sale at Bittrex - might be tempted to pick up a few myself.

Cheers - usukan

Received. Everything is OK!

utc14.yacoin.club not paying?
Tried both automatic and manual payout - no new UTC in my wallet.
 

Greetings Arrakeen - thanks for stopping by.

Yes - I may as well admit it now - usukan is a Rapture333 sock puppet.
We'll get some more soon when we release the new wallet.

Cheers - usukan

Duplicate accounts...wonder how many others are bought by the dev (or dev team) ?