MANDATORY WALLET UPDATE!!!!
UPDATE YOUR WALLET,OR GET LEFT BEHIND ON THE OLD CHAIN!!DOWNLOAD:
http://xwebhosting.org/utc/Ultracoin-release-1.0.2-qt.rarMAC wallet coming soon!!
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 into a backup folder, do NOT delete or cut it!
Step 4 : Delete everything in the appdata/ultracoin, but DO NOT DELETE THE WALLET.DAT
Step 5 : Download this file http://xwebhosting.org/utc/Ultracoin-release-1.0.2-qt.rar
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).-This update protects Ultracoin and its users from the recently discoverd heartbleed bug
-This update implements coincontrol so you can spend only the newest coins, and leave old coins alone for maximum POS rewards.
-This update changes the blockreward from 50 to 15 per block, this will start at block 240.000. This is because the old model turned out to be unsustainable.We are responsible devs, so we had to take action to prevent damage further down the road.
Slow loading of the wallet will be adressed in the v3 update (this is the v2 update).
I have tested this on 2 PC`s and have updated my own wallet with succes without compromising the funds 
The new reward schedule is as following:
-4 years blockreward 15
-2 years blockreward 10
-full POS (roughly 1 to 1,5 million coins will be distributed after full POS goes in effect, POS % will be 2% at this time)
So there will only be 6 years of mining in total.We are doing this to build a sustainable model and incoorporate an eco friendly strategy.After we have reached the total of 100 million coins in the final full POS stage, we will enable mandatory fees on every transaction to make sure people get rewarded for being an active node.
As a final point I wish to make :
remove all sell orders and replace them at 0.003BTC if you refuse to sell for less then 0.003, this will become the new low, and everybody wins.The miners, the holders the traders.
With this price of 0.00007 nobody wins so stop dumping and let it rise.This pricepoint does not reflect the true value of Ultracoin.
the
only reason we are this low is because of a defective supply model (whish has now been repaired) combined with hacked exchanges and DDOS.
I want to make it perfectly clear that Ultracoin is changing into a new better version of itsself.Weak players have been replaced by strong and capable individuals such as Dcgirl,xwebnetwork and Jakoblight.Mistakes were made but Lessons were learned.If i could go back in time i would do certain things differently,but im not a coingenerator making useless coins,so i made some mistakes.This is how we learn.
I made UTC and i am sticking with it for the rest of my life.I have been very fortunate to have people on board now who share this vision.Together we will emerge victorious in the altcoin market by continuously
https://bitcointalk.org/index.php?topic=413978.msg6326450#msg632645 re-inventing ourselves.This active Team can always use more people so if you feel you have something to add, or a specific task you want to do or are good at, let us know at
ultracoin@outlook.com.
Team UTC is working very hard every day, to bring new innovations, Dcgirl is finalising the
arbitragetool that will expose many opportunitys for profit, we are developing
in game payment plugins starting with Minecraft (30 million people community and 500.000 servers).
We are still in contact with a company discussing an online payment processor,if this deal follows through this would take place in the summer
There is no reason why this request can not be granted by everybody, what reason could somebody possibly have to sell this low.
Let us join forces and bring Ultracoin to a pricepoint that is reflecting the actual developements, Team dedication and true potential.
In the future we will do more marketing,but we will never be a coin that is 99% fluff and 1% content.We will always stand for something, and once people are done with fluff coins they will come to UTC,and we will welcome them with open arms into the Ultracoin family.
for info ... love
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