Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 99. (Read 381018 times)

Great - thanks Alenevaa - I agree (better to wait and do it right once with DigiShield)

Sweet activity! how I have missed you guys  

It's better to use (IMO) the approved algo for difficulty adjustment (such as DigiShield) than try to fix own scheme.

I will upgrade the pool wallet when the new devs make changes.

and when we get a few things sorted out - we need to get UTC on Poloniex.

https://poloniex.com/exchange#btc_eth

OK - I see.

Not a bad idea - I guess things to watch are security and reliability of host. Others may have some tips/comment.

If my understanding is correct you would also be able to use this framework for a "lite" web based desktop wallet for PC/Mac also?

Of course its absolutely mandatory the private keys are held by the user and these are secure especially during transactions.  I'm not tech but thats my question from the risk related to centralisation.

Cheers

I was thinking of hosting it and making a Javascript based Mobile App which could easily be ported to iOS and other mobile platforms

@ Emerge

well if you can that would be simply amazing - thanks for your offer on this.

Just to be clear - the Android and the Lite wallet are the same thing.  We are calling it a Lite Android wallet simply because the Kracko one downloaded the whole blockchain.  We want a wallet that is along the lines of most other Android wallets and does not do this (hence we are calling it lite).


Of course we could do with an Electrum/Multibit style desktop wallet - but thats best left till after we get a good Qt wallet up and going.

If you do manage to do an Android wallet - keep in mind upgrading after we fix up the Qt wallet (resource issues) and the diff retarget and we do a fork.

Cheers - usukan

@Roister01

Totally agree on this - we need an Android wallet - but a lite one.

Unfortunately we need to get the basics - the foundation of the coin - cleaned up before this

There is already an Android wallet that Kracko built but it required your phone to download the whole blockchain.  This is totally impractical.
There is a lot of work to do to modify this or maybe better rebuilt from another open source template.
After we get a team together we must get a Dev or two to take on this project. Steven alluded to Kracko making a start on the work but I guess we will not find that work.

this was Stevens last update on plans in Nov 2015:

-----------------------------------------------------------------------------
Hello everyone,

There is currently an issue with the wallet that may cause the wallet so terminate randomly, Kracko believes he knows why and is currently trying to isolate the problem and release a fix.

As for developments, I was just looking at the UTC game plan for 2015:

1. Android & iPhone - QR Codes - Lite Wallet - GUI
2. Merchant Services Pluigin
3. One Click Miner
4. NFC Wallet
5. Bitcoin/Ultracoin ATM
6. New Ultracoin Website
7. Hire Developer and Marketers
8. Ultracoin Shop

Now that the new wallet is out, the one click miner shouldn't be too difficult, especially considering we are glued to our current N-Factor. As for the Bitcoin/Ultracoin ATM and NFC Wallet, that will come with more time and money when we have greater investor support. As for the merchant services plugin, third parties seem to be tackling this issue fairly well, the best thing to do is to get more third party support like we have with companies such as coinpayments. Until then, here is our line up for development projects in order of priority:

1. One Click Miner
2. Ultracoin Shop
3. Android & iPhone - QR Codes - Lite Wallet - GUI
4. Hire Developer and Marketers (Currently accepting volunteers)

The one click miner shouldn't be too hard, and should open us up to a many GPU miners who lack experience in crypto-currency. The project was undertaken by a freelance developer a while ago, however, he was never able to bring the project to fruition. Kracko believes he should be able to iron this out fairly quickly. The Ultracoin shop will be undertaken by me and will feature Ultracoin memorabilia including t-shirts, stickers, etc. The next step is the Android & iPhone wallets, this is a big step and something we have put on the back burner, we currently have a working version of an Android wallet, however, the CPU usage is so demanding it is impractical for regular users and will drain battery life just updating the blockchain. We have been looking into lite wallet systems, whereby the user only downloads the blocks necessary to validate transactions that make up the users Ultracoin, thereby eliminating the need to download a substantial amount of the blockchain. This will be our next important step. Lastly, hiring more developers and marketers has always been a goal for our expansion, but the capital required in a non-profit project like this requires a lot of private funds, and we are currently accepting volunteers, but we still have our eyes on potential developers and freelancers who are want to become a part of the team at a reasonable quality to price ratio for their time.

Sincerely,

Steven "Rapture"
Management Director
[email protected]
Ultracoin

---------------------------------------------------------------------

I would suggest that the new roadmap be reorganised something like this:

1. Get a Dev team and Manager overall for UTC

2. Fix current Windows wallet (retargeting and streamline resource usage by wallet)
2. Get Marketing manager
2. Add a second mining pool
2. Get a block explorer
2. New or update - Ultracoin Website (add blockchain download http://cryptochainer.com/dir/)

3. Android wallet - QR Codes - Lite Wallet - GUI

4. IOS wallet
4. Iphone wallet

5. One Click Miner

6. The exciting stuff - whats our vision for UTC - apart from the price going up. How can we give the coin utility in an attractive niche amongst all the other ALT coins. Does the algo have something that is useful that could set UTC apart. We have plenty of time to discuss this.  We need to make UTC a preferred currency in a specific niche.  That will be the community's challenge to choose 1 or two areas and work towards this.

Of course price is not unimportant. With little or no value we have few options to fund development and promotion. If the price goes up the community has combined resources to fund worthy projects - by donations. I doubt we really want to hand control over to "investors" again.  Its a bit of a chicken or egg thing.  Which comes first - price increase and then development OR development then price increase.  Truth of the matter its going to need to be both from the start.

• Development from volunteers - Manager, marketer and devs
  Price increase from supporters and believers in the new UTC and its future - these are investors who buy UTC at Bittrex. They are just as important as management and devs and miners

So we need to get our foundations in place (1-2 below).

1. Get a Dev team and Manager overall for UTC

2. Fix current Windows wallet (retargeting and streamline resource usage by wallet)
2. Get Marketing manager
2. Add a second mining pool - and get a way lot more miners interested (but this comes naturally from price)
2. Get a block explorer
2. New Ultracoin Website

Then we can move on to the other important areas for growth.

In the meantime - if investors/community want to support the coin and they can't help with management, marketing and the tech end of development - your opportunity (not without great risk but certainly with potential for commensurate reward) is to show your belief in the new UTC and buy up on Bittrex. To me it already seems some signs already there at Bittrex and we have not even got started yet?

We should set some targets on price to see how we are scoring (these are only arbitrary - but you will get the idea).
Target 1 - 0.00001/1000 (coin has been resuscitated)
Target 2 - 0.00005/5000 (UTC is back in business and we need to set in stone our vision and start work towards tailoring UTC to this)
Target 3 - 0.0001/10,000 (Time for some serious development and roll out UTC into our chosen real world use areas)
Target 4 - 0.001/100,000 (Its working - take your rewards for all your work and risk - then get ready for a new vision that we apply to expand)

A lot of people say don't worry about the price - I DO worry about the price.  When the price is low - you have no options - there is nowhere to go. Take a look at ETH recently - almost burnt all their funds - price low - moving to volunteer options to maintain things - they got it now almost to Homestead now like this with massive community support - price has taken off - they are now hiring and development will explode and take them to rival Bitcoin.  Price gives you options.  Of course it goes up and down with artificial pumps and dumps from non believers and fickle supporters - this will never stop.  However - PRICE is the only real benchmark to how you are performing.  There are a lot of projects that have done rather elegant technical work but the price does not follow because the market and users don't value the developments.  You can't afford to waste the opportunity for funding when price goes up.  We did waste this last round of high price in UTC and its why we are back to volunteers again. I believe if you are not growing and changing in Crypto - you are dying.  

If we are serious - we need to develop a funding mechanism for growth. We can discuss this going forward and any ideas welcome - but at the end of the day it probably comes down to donations to a Dev fund - but after the price has gone up and it really is at no extra cost to contributors from the community because they are all in solid profit.  I would not worry about donations at present because we have not proved any capability yet - and really don't deserve any trust.

In the far off future - we need to create a vision that includes UTC making a revenue stream from providing a genuinely useful product/service.

Community - please discuss any or all the above.  Anybody who wants to volunteer - step right up.  Please spread the word!

If anybody else wants to lead this - please cut in (you're entirely welcome).

Cheers - usukan

I saw Paul's post at the Project Development subforum.
I'm a cryptocurrency advocate and I see lots of potential from this altcoin especially since it's actually a pretty aged alt. I can work around with making a new logo yes, and move a few things up and around the website.

I'll try making a chat for the dev team if ever, and I'd like to be able to talk to everyone who's willing to help. I am aware this is without financial compensation but I'm sure we can do this without much budget as long as we work closely and cooperate. If you'll have me, of course.

Hi folks,

Sounding positive, good news!

Could I just suggest, an app for android etc, wallet etc. For the coin to have a chance of being used/seen/played with, that needs to be high on the list of priorities. Must be a good way of getting folks, even older ones like me, utilizing the coin. Coins like scotcoin with its own wallet on the phone, are already more user friendly, and more likely for folk with smartphones to look up/play with/use? Not only that, makes it look like a more modern and up to date option

Just my thought, but seems so obvious/important to me...

Cheers,

Roister

@Emerge

How did you stumble across UTC?

Thanks Emerge

I read about Navette here:
https://bitcointalksearch.org/topic/navette-an-exchange-in-the-philippines-1293003

Interesting and challenging project.
I bet you wished you did it via Ethereum rather than NEXT and SAE is closed now.
People are very quick to take up new projects in Ethereum DAPs - its the flavour of the day and may be for many years to come.

Personally I would be keen to have you on board in marketing.  You also have a major plus in Philippines/Asian area.  I know these areas well esp Fils and they are ripe grounds for Crypto use.  If I had the time I would have developed something here myself especially with simple SMS transfers. With your skills you might be able to mock up a new logo etc to mark the evolution of UTC to the next stage. What are your web skills - we need to update a few things on the official site. Dont forget to play around a bit with UTC - install the wallet and send me your address - I will send you 1000 UTC for trial purposes.

We need an overall UTC manager/coordinator really to get things started.  I can help here to get things kick started but it would be good to have somebody to take over the reigns properly as I cannot guarantee very much time at all. I am only here to prevent UTC from death and assist in putting together a new Team.

First and foremost we need a dev or two to sort the tech side of the coin out.

I see we have:

• bret
  bathrobehero
  whortonda
  thispanda

discussing things - can we make a dev group up from you guys?

Do you 4 guys know enough between you to fix the retarget and fork things back to proper functionality?
@Emerge - do you have any devs in your circle of friends/colleagues?
Personally I am quite keen on Digishield as its tried and tested - but a simple reversion may be OK in the short term.
But then its probably better to do the job once properly so I would favour Digishield for diff retargeting with a delay while it gets sorted out.
Overall the wallet seems "heavy" to me - uses too much resources, freezes, crashes etc.  A total wallet rebuild is required in the future at some stage.  

Things do actually work at present - the Bittrex exchange runs on a current functioning wallet and transfers in/out work just fine.  Exchanges don't like continual changes/forks in coins - they get annoyed and lose interest esp on small vol coins.  But Bittrex is certainly more responsive than Cryptsy ever was.

@Alenevaa - are you keen to follow the new evolution of UTC and keep your pool running?
We will need more than one pool - so we need to think about this too.
Miners - what are your thoughts on all of this?  Without you on board we could just waste our efforts here.

So - we need a bit more discussion here and ideas from the community on the above.

After that we can set some directions and put this UTC thing back together.

On the bright side - there does seem to be a bit of a stirring at Bittrex
https://bittrex.com/Market/Index?MarketName=BTC-UTC
check out the 1D version of the graph

I don't want to take things over here - so if anybody else wants to step up and help or take over - be my guest.

Cheers - usukan

One thing stands out for me with this coin. Ultracoin traded for a long time in the top 100 marketcap altcoins with a high price, i.e. it has potential for trading quite high. There are allot of investors (like me) who hold a bag since the beginning, who are refusing to sell with such a crushing loss (I rather just loose it all in that case). Should we however be able to turn this around I believe there are many that can make a small furtune, why are not these bag holders more active, more concerned? Have they all written it off as a loss already?  

Purely looking at price is not a long term thing, but we are all in this game as an investment opportunity and how active users are are very much dependant on the notion that in the end there is a gain which is noticable.

I think there are many holding 100k UTC or more, be active, support the coin again and do the math. Could we get the price up to 0.0001 or higher then we stand the chance to at least earn more than pocket change.

*drumroll* Here comes the comments about that price should not be main concern of the coin. Price reflects value, add value and price will follow, but the people who are going to add value will not not do it for free!

ask yourselves how much UTC are you holding? Is it worth it? For me it is! I do not hold allot, but for me, say we succeed in getting back on track, it would make a change in my life.

If we need to fork the coin so be it, Steven and Kracko obviously jumped ship, thus we need to change the people in charge too.

Hello Usukan, yes I am just a 2 years and few months younger than Vitalik, May 13.
Anyway, yes, I've worked with them and have had talks with them before.

It's great to know another guy around here is more on the business side of things.

And yes, I also own ph.newsbtc.com but not much goes on around here because most of the news
in the Philippines regarding Bitcoin is about our organization anyway haha.

I'm a co-founder of Navette, an umbrella company of bitcoin-based companies and a member of CoEvolution, a digital foundry community
all based in the Philippines. I cover marketing, design and front-end web development. You might be seeing our product soon if you'll be dealing
with the Philippines often. I think I'm qualified for taking up either marketing or project head, cuz that's what I'm experienced in anyway.

Regards,
JM Erestain

Time for some Fun and Sun messages....

I still love these YouTube promotion videos about UTC.

Can you all remember this golden oldies  


https://www.youtube.com/watch?v=7TGpKdsOWe4

https://www.youtube.com/watch?v=snW_3UIUFGE

https://www.youtube.com/watch?v=tbtXAhkyy3g

https://www.youtube.com/watch?v=NkR0SNHITxA

https://www.youtube.com/watch?v=jnoC_z4Fwc4

https://www.youtube.com/watch?v=y898MEfaKtM

Thanks Marnie - yes I would love to but I dont have the time unfortunately.  I run business in the Australasian region and I am awake 18 plus hrs a day and always travelling to keep these in check.

I do promise however to assist wherever I can and give advice to any new team we may put in place.

Cheers - usukan

@Usukan, you are a very sharp man.

And i see you are a very serious and active UTC community member.

You have all my respect !

Why don’t you volunteer to be the new Dev-team manager ?  I will support you 200%

@EMERGE

if you install the latest UTC wallet, sync it and send me your UTC address - I will send you 1000 UTC to play with.

Price going quite well on Bittrex - but maybe a momentary aberration.

https://bittrex.com/Market/Index?MarketName=BTC-utc

Yes - its a test.