i have a wonderfull idea.....
show a working prototype, and shut us up     
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I agree with above posts. Going full POS isn't the solution to our problems or it is a step taken too fast. We need to take things slow, step by step. The first thing is to increase demand not to decrease coin supply artificially. Demand should be increased by future projects such as game plugins and acceptance by shops, which we already done.
+1I totally agree, only reason for POS is that dev. team wants money fast, with little effort. If they put more effort in development of solutions, services, etc. follow a path for the coin price will slowly go up. And if UTC remain Scrypt-N hashrate will go up too for reason we already discussed, and cause of the price increase. +someone sad CONSISTENCY - this is a word the dev. team should really consider!!! stop lying! how dare you acuse them of wanting to make fast money, while nobody has invested more money and time into this coin then them "Fabietech and I have since day one started with mining UTC with more than 140x R9 290’s.
At this moment we have more than 430MH/s on the Multipool.
So our rigs are about roughly +50% off the X11 hashing power at the multipool"Paul was the primairy donor for getting UTC onto cryptsy and mintpal what have YOU done for UTC? you are not a known community member and come here to make acusations about our greatest assets. you are way out of line my friend.....you come here with pure speculation and present it as fact, and its dispicable |
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almost, but with much less swearing, I'm Scots, I can't help it ffs  Lol, good one  Also, I'm not that sure that no one gets it. Good arguments are being made and THAT is exactly how to convince people. And I think that (as already stated multiple times) the devs do consider everything being said here. So, probably the decision is not final yet and if people care about UTC and have important things to say to prevent it from dying, that's actually a good thing. That's at least the way I see it. thats very true. we are now investigating everything.We will not just ram a thing down your throat. |
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i never called you a liar, i simply said, i have never seen them in there, i know them from this thread.
and paulgr is a completely different person then paul1r
Thanks for clearing up that they arent the same.. I was assuming they were too... paulgr is Australian, paul1r is Dutch |
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i never called you a liar, i simply said, i have never seen them in there, i know them from this thread.
and paulgr is a completely different person then paul1r
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My post was directed to king_pin, as this was nothing but FUD and accusations without any arguments to manifest what he said. Red flag 1: Changing the block reward (though I agreed mostly with difficulty changes for longevity reasoning) Red flag 2: Hearing about secret emails involving 13(?) IPO members (how much truth there were in them, I don't know) so that is invalid, merely hearsay and conjecture, but that made me stop and think. I don't want to post what I heard here, but I'm sure the IPO holders may have an idea what I'm on about (6 months?) secret mails? Red flag 3: Never are the team open to answering questions unless it's nonsensical or trivial or posting posts exactly as you have there! Red flag 4: Bumface, sold his IPO and bought asics!" (I understand your reasoning, I don't agree with it and that's my prerogative and made me think you were looking for ways out, which you have) IPO should never have been touched, mistake but now in the past! this has been explained 10 timesRed flag 5: Devs jumping ship, 3 of them was it? Red flag 6: The "Big boys" want to implement POS, that only suits the owners as they're the biggest holders....... Paul and fabie are not the biggest holders, not even closeRed flag 7: Bumfaces trollbox mate steps up and "takes over" (sorry guys, but I have a hard time believing anything has changed, prove me wrong) If it had been some random guys dog even, I would have found that easier to swallow for some reason. What are you talking about man? i have never ever seen paul or fabietech in the trollbox |
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bumface: when it comes down to money, people can become real dipsh!ts. They don't restrain from nothing, even accusing people of stealing, just to get their benefit (whichever that might be). Just like in the "big" financial world, just with the difference that we have a lot of kiddies running around here who aren't equipped with the resources which the "big boys" have, so they are left with swearing and trolling...
So you agree that centralization of capital and access is a good thing? POS brings nothing to the table, all it does is centralizes the market and liquidity. There is no "free market" it comes down to the biggest group, the only people able to make anything off POS are the ones with the control over the money flow, there is no way to mine it except by handing over cash in advance to buy from those people. It does not provide more services or opportunities to spend UTC making it "money" You have a multipool which pays out in UTC, great, good job (honestly Granng it's work well done), another POS downside, the pool has to buy from the holders who are able to dictate market prices.......... Yes you can try the pathetic argument that everyone is free to sell at whatever price they want, so free market competition is alive and well. Only to a point, if you don't understand how this works, I suggest you stop playing with crypto as you're nothing more than "dumb money" If pointing out reality makes me a troll, so be it, It's a HUGE bridge to sit under. I still see nothing anywhere or answers other than calling me a troll and FUDster over concerns over POS that would make me think otherwise? What does UTC want to even be, do you guys even know anymore? I'm not doing this as pure FUD. What's the problem taking your heads out of the sand for five minutes and dealing like stuff with the supposed "adults" that you are supposed to be? Ok my origional attitude sucked, yes I posted angry and I shouldn't have. Are these questions so hard to answer or is more moderation required as it's far easier to hide reality than explain it, is it? big piece of text, very little content..... i dont know what your agenda is,but its not pretty. i dont know about you guys, but i am done with this negativity .I am going to focus on the bright future of ultracoin,and im going to think about what i can do to contribute  I have said this before, this full POS strategy is simply 1 step on the road,dont view it as an end goal. We are talking to a java dev right now for the minecraft plugin,and he thought the idea was brilliant,this will make sure the demand goes up. also you could have read this in the POS announcement "Our management team is now busy with our coin dev’s to finalize the investigation and the test to make Ultracoin a full PoS coin." we are investigating,nothing is a 100% certain yet.What we do is in the best interrest of the coin and the community.We never make hasty decisions |
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POS/POW together is a good idea, bot going 100% POS will be the end of UTC!!!
Obviously I have been mining longer then they have been developing!
Going full POS offers nothing new, it offers death.
Nvidia is taking over the X11/X13 market, all ATI owners will soon have to orientate themselves to Scrypt-N.
The dev team is not making enough money, and that is why they want to go POS.
They obviously have lots of UTC and no hashing power, that is why they want to go full POS.
They have been stealing shares from their new dev. pool since day one, now this.... OMFG
dont make false acusations. every time we want to make something positive out of UTC, an army of trolls tries to kill the uplifting momentum. |
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guys, if your just gonna post, this is the death of utc!!! or stuff like that and nothing else, im just gonna delete it.
no fearmongering here please.
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POS does nothing but benefit large holders of a coin
This is simply not true.....Paul`r and fabietech have been mining utc since day 1 case closed they did not dump.They are day 1 supporters of the coin. If you want to twist this into something dark,thats really inapropriate. They have done more for UTC then anybody.spending massive BTC on mintpal and cryptsy votings and other things.Don`t try to portray them as bad guys. If you are against the idea of full POS, that is fine and that is your right.Make sure to build your case with logic and arguments,and dont make false acusations on a personal level. |
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Well i remember flobdeth being quite positive in the beginning.. Obviously, he got frustrated by the bad management of this coin down the road.. And you cant blame him, given the history of UTC.. I dont agree with the way he expresses himself, but you can not disregard the frustration many have felt or are feeling...
I was very positive, very until recently. Yes, I should have worded it more "eloquently" but, I treat people/things with the respect they deserve and the way I see UTC (which I once thought has great potential) has been used and abused by the owners, they jump like ferrets after ideas to change this part of the algo or whatever because they think the price will magically shoot up overnight. It's stupid, impatient and childish to assume just by the fact they have produced a blockchain it magically and mysteriously manifests £/$/insert worthless paper currency here. There's a saying "More haste, less speed" learn from it. POS does nothing but benefit large holders of a coin, which I guess suits the "new" owners just down to the ground, though I see no change in any leadership, merely his "mate" saying he's now in charge (convenient) it takes the small miners/investors out of the equation, well it takes miners out of the loop all together. You can't mine it, only way to make anything off it is to have mined it from the start and held. All they want right now is for mass buys so they can dump all over you's. Not the first time, won't be the last This is simply not true.....Paul`r and fabietech have been mining utc since day 1, if they wanted to dump on people ,they would have done it when UTC was 1 dollar....I personally have never dumped, i only bought more. People can still "mine UTC", that means indirectly in the multipool.This way you are mining, you get UTC,and the price also goes up...If the price goes up, that is good for everybody.Because of a string of unfortunate incidents UTC went down so there is nothing evil about going up. As a general remark i would like to add , that this decision to go full pos must not be confused with a strategy to create demand,because those are 2 seperate things.....There are other strategys in place to create demand The fact that the asic resistant nature will be given up has also been discussed extensively.We felt that people wont simply run to UTC when scrypt asics are shipped without a massive marketing campain..... the transaction speed is also being investigated, so i want to asure everybody that we are not taking this decision lightly and that we are concidering all possible scenarios.If going full POS means the transactions will become slow, we must change the plan slightly. Our primairy concern is with the safety of the code and with peoples holdings. UTC was never a silly clone or a hype,and that wont change with new managers.These principles are the foundation of Ultracoin. |
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All things are being considered carefully , including the transaction speed
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Once the coin is pure and full PoS, we believe it will go into a mad craze.
The current daily supply will reduce by factor 19.
We think people won't even care about the bag holders anymore because they just need to get their coins and they will pay top dollar for them.
This will lead to more exclusivity and an up going demand and price.
Have a look at some other coins that have done this before, they had a significant increase in value overnight. this is the same reasoning that was used for reducing block reward. and that didnt work as expected. how does UTC become more exclusive with so much of it sitting on exchanges in sell orders? The blockreward was not changed to affect price, it was done to repair an unsustainable system, in the original parameters, 100% of UTC would have been distributed in just 1 year |
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 dont go full PoS, its a very bad idea for UTC and kill this coin. Keep it mixed PoW/PoS, but reduce the min age for PoS, would be much better improvement. Full PoS is already falling out of favor as a buzzword to pump on, if devs care about the coin it deserves better then the cheap pump price treatment of a widely misunderstood feature like Full PoS. If not planned and properly set up in advance by users and dev team, UTC will go from being a fast coin to move funds with with to a really slow coin when there are no users with UTC in wallets to mine PoS blocks for you, and as alot are concerned about price it can be assumed most them are keeping their UTC on exchanges and not in wallets so they are not supporting the coin at all. Exchanges can not be depended on to support the blockchain as they will sweep their coins to one address/not keep them in deposit addresses long enough for any PoS to occur. Majority of users are interested in PoS for the interest and tend to make large single stakes in the wallet, so they can not be depended on to support blockchain. There needs to be dedicated PoS miners/nodes created well in advance. Without dedicated PoS miners/nodes, transaction times will be very slow, hours or even days without PoW. this affects multipool as well, as it will be dependent on PoS to carry its payouts to the multipool miners. Does dev team really believe there are enough people keeping UTC in wallets to support transactions or maintain a fast network? The only people wanting full PoS it seems are those who do not understand what is it and/or are only care about price. Stable price is better then pump and dumps for a coin that is promoted for arbitrage and fast transfers of value. The price will not go up just because a coin becomes 100% PoS, but it will quite likely crash when people find their transactions are stuck or is no longer as fast as they are use to.  This choice has absolutely not been made for some pump and dump,and also not to follow some trend, we dont care about hypes. This is a well thought out choice for the future. also, why would there not be nodes,why would people not want free UTC? |
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FULL POS!
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There were rumors that around Q4 of 2014 there will be Scrypt-N ASIC Miners!
Now that this it is getting to look like true - Is the dev. team planing anything to counter that?
Heard that Vertcoin team is planing of ... something, maybe this is a chance to put UTC ahead in the game, make it Scrypt-N ASIC resistant.
This is true yes,but UTC is not affected (safe) and not q4 but q3 flowertech: "Finally, we are thrilled to announce a huge milestone in both ASIC development and the Scrypt
mining community. The Flower Technology ASIC is now capable of mining Scrypt-N, up to N=16384
in addition to Scrypt proof-of-work coins. This will future-proof your purchase for expanded mining
options and increased versatility. Examples of Scrypt-based coins you can mine with our machines
includes
Litecoin, Dogecoin, Isracoin, Auroracoin, Feathercoin, while examples of Scrypt-N coins you can mine
with our machines includes Vertcoin, execoin, GPUcoin, CaiShen and PANDA." https://www.flowertechnology.com/wp-content/uploads/2014/04/Accouncement-29_04_14.pdf |
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@tsjaar It is another API issue, it's not us it is coinmarketcap.com, they have had this happen before and fixed it, so don't worry it won't be long until we're back up. Retrotowers.co.uk has started accepting Ultracoin! If you like retro video games please give them your patronage as businesses that we support will support us!
Keep requesting that Ultracoin be accepted at these businesses: http://ultracointalk.org/index.php?topic=137.msg278#new
Getting on coinpayments is on only half the battle! We are already past the hard part, let businesses know that you demand that they use your preferred currency. Continue the push!yes! and actually buy things there with UTC aswell ^_^ |
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MANDATORY WALLET UPDATE UPDATE NOW THE MANDATORY WALLET UPDATE V.1.0.4.1 Dear UTC Community Members,PLEASE DOWNLOAD ONE OF THESE FILES FOR THE WALLET UPDATE : > Ultracoin Windows Wallet V1.0.4.1 Download here > Ultracoin MAC Wallet V1.0.4.1 ( Untested ) Download here HOW TO UPDATE THE WALLET ? :Step 1 : Type %appdata% in the windows search box (You see it when you click the start button) Step 2 : Find the Ultracoin folder Step 3 : Copy the wallet.dat securely into a backup folder you choose (DO NOT DELETE OR CUT YOUR WALLET.DAT FILE) Step 4 : Delete everything in the appdata/ultracoin folder (BUT DO NOT DELETE THE WALLET.DAT FILE !!) Step 5 : Download the wallet of your choice (Windows or MAC) Step 6 : Extract the folder from the download somewhere, now drag the Ultracoin-qt.exe from the new download into your normal wallet folder (not into the appdata/ultracoin folder but your wallet folder) Step 7 : Click yes when it asks "do you want to replace the file" Step 8 : Start the wallet. It will now download the entire blockchain again (this will take some time) The update V1.0.4.1 addresses the following content:> POS 5,2% p/year – 0,1% p/week (starting as from block 450000) > Some small new futures and new pop up warning screens > Using the new UTC 2.0 logo Remember; for Stake Minting at V1.0.4.1 you will have to keep your wallet open for 24/7 and Enable Stake Minting with your password !  |
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Hello UltraCoin Community! We've just released PocketCrypto, a new Cryptocurrency Management App that will allow you to easily manage your UltraCoin investment. Hope you guys will check out the app and Good Luck to All! We currently support all coins on Mintpal and Cryptsy. Polo and Bittrex will be added in approximately a week.     Pro Version (super awesome!) (no ads) (earlier updates) (just because you love us ) Free Version (still awesome!)Please check out our main post for additional info, Thanks! https://bitcointalk.org/index.php?topic=660696.0Thanx man, that looks awesome! |
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