Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 88. (Read 381063 times)

I was thinking of a service something like twitter where you can only post 140 char posts but you can buy extra characters or a "blog post" with UTC if you want to post something longer. I am not a programmer but if someone can develop a barebone proof of concept service like this based on some forum s/w then it would be a great resource i think and can be developed into some real service IMO.

Great of you to come back and apologize Steven! I hope you can share your experience of managing the coin & pitfalls they can avoid with current team. I hope you can stake and mine as a community member if not in any official capacity. I like your idea of many people with different skills working on different aspect of coin. All the best to you

Dear community members,

I wanted to start by saying I owe all of you an apology, an apology for not being here the past several months, just know that I did not mean to leave the community in the dark. I would like to shed a little bit of light on my perspective from behind the scenes in the penumbra of the development side of Ultracoin. I apologize that I haven't been active lately, I also apologize that there hasn't been any updates as of late, truth is, there hasn't been much to update on. Seeing as we just recently passed the second anniversary of the beginning of Ultracoin, I have been looking back and reflecting on much of our history, an interesting one no doubt. From the humble beginnings of the coin, the exciting and momentous peaks, to the turbulent and unchartered lows, Ultracoin is a coin with a riveting history.

I want to come clean on a few things quickly, first, I was given the label of "management director" by the previous "shareholders" of Ultracoin, you may remember Fabian and Paul. I don't believe however that management director accurately reflects my role, as there are no "management" team but rather those who were willing to step up to the plate and take action. I believe the real managers of the coin, are those whom are invested in it, whose time and resources have been used to acquire, propagate and spread Ultracoin. The "management team" consists of all of those who have been mining and investing in Ultracoin for the last two years, You. The true future of Ultracoin lays in the hands of those who believe in it.

So where have I been, that's the first question I am sure many of you are asking. Before the last update I had high hopes for Ultracoin and I wished to move on to the marketing, expansion and infrastructure of the coin. However, with the difficulty swings and unstable wallet our main priority became fixing the bare essentials that should have been a none issue from the start. This would be the second failed launch of a new update for Ultracoin, the previous one being a year earlier after the Las Vegas convention in which we had similar problems with launch. Since I was not a developer there was nothing I could do, quite frankly I felt very powerless over the situation and could do nothing but sit back and watch in hope that Kracko could solve the problems hopefully in a timely manner. I kept updated with Kracko as best as I can in order to push things forward and motivate him as I had no other developers on board, truly though if it wasn't for Kracko we would have no developments at all, perhaps that might have been better in hindsight but needless to say we needed to move forward in some respect to developments and he was the only one who was willing. As the oscillations continued and more hard forks were necessary in order to keep the network online and hopefully running smoothly I became more and more disenfranchised in my own ability to manage the coin. At this point I was relying on Kracko to come up with a panacea update that I was hoping would fix the issues with the wallet and network difficulty. This update came but still was fraught with problems, so yet another update was needed to patch the old, barley stable but currently running update. Kracko assured me that he would be working on it but had personal and work issues that took up his valuable time, I could tell that the state of the coin and the pressure was getting to him as well. It was only a matter of time before Kracko called and told me this would be his last update before he left Ultracoin altogether. This update, unfortunately, never came.

On February 1st 2016 I had planned to post an update which I had pre-prepared for the second birthday of Ultracoin, a cryptocurrency I had spent countless hours, dollars and cups of coffee working on, hopefully to one day become a unique and successful cryptocurrency for the world to enjoy. However when I approached the forum I felt I had come lacking, with no new updates, the infrastructure in shambles and our developer unlikely to cook up anything new, for the first time ever I made a conscious decision to stay away from the forum as I felt incompetent and unhelpful to the situation. With the loss of investor support and death threats from our largest backer, Paul and Fabian slipping into the ether of the cryptocurrency community for many months (at the time), the instability of the coin and Kracko slowly going MIA things seemed insurmountable. Pressure seemed to mount inextricably for months and it needed to be released, I would be no help if I approached things from a state of shock, so I had to remove myself from the situation entirely. Looking back perhaps it was the cowardly thing to do, but I have learned from it and hopefully will not ever be doomed to repeat it. Problems don't just go away when you ignore them, but whoever was going to fix these problems may not have been me. In the time since then I have been focusing primarily on my entrepreneurial and political pursuits, I have spent some time out of the country, and I have returned with a fresh perspective on the old.

Today, I re-approach the Ultracoin community from a place of vulnerability and ask for solace. I believe in Ultracoin and cryptocurrency because I truly do believe it is the future. I am not a big holder, although I do own a fair amount of coin, I have used my first mining rig exclusively to mine Ultracoin, I traveled to Hashers United and the North American Bitcoin Conference on the most eye opening cryptocurrency pilgrimage of my lifetime in order to spread the word of Ultracoin, I have invested thousands of personal dollars into the project and countless hours of personal time, and I would like to see Ultracoin succeed to its greatest potential. I would like to approach the community and ask for help, this year Ultracoin turned two and I would like to turn a new leaf for both myself and Ultracoin. I would like to ask the the community what you want to see in 2016 and what you would like to see from me during this time as well.

If the community would prefer I not take a hand in the future of Ultracoin, so it shall be done. If the community trusts me enough to assist in some way the future of Ultracoin, then I shall be a servant to the cause. One thing is for sure however, I cannot do it alone, and the community cannot do it without help. It would be my recommendation to have an executive committee that holds weekly or at the latest monthly discussions with each member having a hand in the development and future of Ultracoin. Many of us have personal lives and careers that take up much of our time and resources, as an open source project run by mostly volunteers it would be seem wisest to have a committee that could operate professionally and efficiently with each member taking on a clearly defined role in development, marketing, and management with the addition of sub-committee's which can be made of community members to work on special projects and tasks. I believe this would be the best system moving forward and one in which there is no true "management team", but a voice the community can resonate through and make things happen. It is up to the community as to what may be done next, as so I would volunteer to head up this committee and its organization and see through to it's establishment or any other ideas the community has. It also looks like the cats out of the bag, no point in using a pseudonym any longer.

Sincerely,

Steven "Rapture" Nekhaila
[email protected]

P.S. I have control of the Facebook page, website and newsletter and can relinquish or share control to Paul and Fabian if needed

P.P.S. A great big shout out to Usukan for stepping up in Ultracoins time of need, I tip my hat to you sir

Hi pugman - yes this will be the situation for sure until something actually happens (a few more achievements completed) - or investors believe news on significant progress is close at hand.

The Ultracoin Dashboard was the first step (thats completed bar a few tweaks that PressTab is currently working on - utc.presstab.pw ) - UTC code/wallet and diff retargeting are next with PressTab.  

Emerge is working on the Android/IOS wallets and its possible a Lite PC/MAC wallet can also branch from this project.

We have the situation that price has almost doubled since we accepted that Steven and Kracko were gone and the community took back control to get things back on track.

At present its evident that we don't have enough "achievement" to spur buying beyond current levels - but on the other hand sellers are less willing to dump cheap because they see a new base price and maybe a chance of a significant rise. Seems a lot of sellers have taken sell orders off or have opped price - its getting thinner to buy from.  Seems we are in a holding pattern on price but the market weight is changing to positive.  Of course all of this can change in an instant.

Increased volume in trading will be a natural progression from progress and the interest it generates from investors.

All we can do from here is keep focussed and keep moving forward with our plans step at a time.

If we get it right - volume and price will move.

Cheers - usukan

i have a lot of Ultracoin, but lets honest. The volume needs to improve massively. In the last 3-4 days only about $50 has been spent on UTC. That is extremely worrying.

I bought part of my current investment over 1500 satoshi's... i don't remember anymore but i think even 3000
I would not sell it under 10000 satoshis, period.

Let's see what the price may be!

Such a nice community! Lets get this thing over 1000 satoshi

Keep up the good work Usukan and others, price at least seems to have stabilised...

I think there are positive times ahead soon for crypto, and as soon as we get Presstab to sort out retargetting etc, and phone wallets sorted, we should be real contenders...

I will help with a contribution as last time when the need arises...

Cheers,

Roister...

Great work Usukan!
Let's see what the price will be and I will support with donation.
I think we will be able to get this going again!

I will update the BitcoinTalk MAIN page

https://bitcointalksearch.org/topic/ultracoin-est-feb-2014-asic-resistant-ultrafast-6-second-transactions-727023

Of Ultracoin when we get an agreement with PressTab with an acceptable price to update the wallet/retarget etc.

Updating before this is really not warranted IMO.

Of course this will rely on an agreeable price and appropriate community support to fund the work.

I am maybe naively positive that we will achieve both price and support.

Many thanks for all the support from the community here - but especially in PM's.

We can do this together.

Cheers - usukan

Greetings Alexthesalamander

We can't promise anything - but we are working hard behind the scenes to make UTC a MUCH better coin and in time one of the best again.

Welcome to the community.

Cheers - usukan

The fomo is strong in this one, so i picked up some coins! (Which probably mean the price will dump hard now!:P)

Thanks thispanda

Yes - full upgrade of UTC wallet is the preferred option - cost will be important though - and community support for the project.

Hopefully we can get working with PressTab next week on the wallet/retarget upgrade.

Cheers - usukan

Good work on getting everything in motion @usukan ! I think the plan to upgrade the codebase so its up to date with bitcoin is a great idea.

I'll also throw in a guess here for the contest: April 29th 2016 16:16 UTC

Yea I agree

I think this is just a ploy by Big Vern in the class action. 

Good luck with that. Who's to know if this "CryptCracker" isn't the one who stole them in the first place? Anyone who can hack and steal is probably smart enough to not keep the coins in an online wallet or anywhere they can be recovered. This is why you should never put any coins on any exchange unless they are for immediate sale. To store them there is asking for trouble while the exchange collects your POS rewards or just steals them(synonymous for hacked) outright. JMHO

https://btcmanager.com/news/business/hope-for-crytpsy-hacker-pledges-to-regain-stolen-funds/

https://twitter.com/official_utc

Thanks press - pugman is the man who can help.

I have sent him a PM.

Cheers - usukan

Can someone with an address that is not properly reconciling with http://utc.presstab.pw send me a log of all of their transactions (you can use export to csv)? Trying to figure out what is going on with a few select addresses.