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
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.