can anyone explain why I need to send btc to claim my UBTC?
Why would you even consider trying to claim a coin where they haven't given out the coins they promised in the last Phase of distribution? You don't honestly think that even after nearly 2 months that they would now follow through with Phase 2 Grace Period?
Even better, they changed the web explorer to hide the fact that they used such a GOD mode to reverse the 'unutilized' coins. That transaction simply doesn't even show up anymore.
@Michail1 to what example/transaction are your referring to here?
Sure, just pick any address that had bitcoin prior to the 'fork' that didn't move them during their period. No need for me to provide one.
For an example, pick any physical bitcoin (like Casascius coins)... I went to uberbills and picked a random 1BTC coin to exist.
https://casascius.uberbills.com/?address=13MAXoPLQEmrtSTASDZrGNNpmsZ1gsAUnnSo, with blockchain.info (explorer), I see....
https://blockchain.info/address/13MAXoPLQEmrtSTASDZrGNNpmsZ1gsAUnnObviously still funded with 1BTC since 2016-01-25 03:32:40 (depending on time zone).
You can confirm it also has all forks (as monitored by the site) at:
https://btcdiv.com/ (just fill in the address - 13MAXoPLQEmrtSTASDZrGNNpmsZ1gsAUnn and click search)
So, wait.... a coin (address) that has existed for years, it has every fork EXCEPT United Bitcoin. WTF? Oh yeah, this proves my point.
Let's confirm the is/was a balance at UB. Go to
https://www.ub.com/explorer fill in the address and click search, or go directly there to:
https://www.ub.com/explorer/address?address=13MAXoPLQEmrtSTASDZrGNNpmsZ1gsAUnnWTF, the 1UB coins was funded on: 2013-12-06 12:41:14.0 (proving this is a FORK of the block chain), but again... WTF...
It was taken back by UB on: 2017-12-12 06:29:44.0 (Unutilized). Strange they added this back to the explorer currently so you can see they took the coin.
So although it is a fork, UB then took it back (some kind of GOD mode). I would NEVER Buy a coin that can be taken back at will at any time. This is worse than banking or a credit card. In this case, you can't even complain. Wouldn't you just hate to buy a house, pay it off, and then it's taken back by the bank?
Do you really want a coin to exist when a founder can simply take it back at will?
So, not only is this a bullshit coin, but it's not distributed on schedule (or at all). Even worse, they can take any coin balance they want at will.
How are they able to remove coins if they don't have the private keys? If they can take coins without having private keys, they should be able to take anyone's coins, regardless of whether there was activity or not. So where is the security?
They control the blockchain. GOD mode. And, I absolutely agree with you. Why would anyone invest in a chain where they can take the coins without even a fork.