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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 15, 2014, 12:03:50 AM


how do you want us to raise the price?

Smiley
[/quote]

There are few things worth trying. I think we are at the beginning of real coinwars. In the last few months, we had hyper-production of all kind of alt-coins. Almost 95% of them have little or no value. People are switching around different coins in search of biggest profit. To address this situation  BC created a Multipool to pump up the BC...

One should make Nitro multipool, and start pumping UTC the same way they did.
 
One should set new N factor, to make UTC even more complicated to mine, and offer the miners a multipool with easy miner configuration, that will work for all, no matter how much memory they do (or don't) have. That will solve all problems with miners setup, orphans, hashrate distribution, and so on... And constant buying from multipool will raise the price, at the expense of other coins.

At the end, the only coins to survive, will be the ones, that have most miners, and biggest hashrate concentrated in their multipools. Other coins, with less hash will be mined out...

Another idea is to use proof of stake, to make coin more attractive. Let's say, one should reward miner with 25 coins now, and another 25 if the miner keep the coin for a year (let's call that interest). Now divide the year in 12 months, and pay interest monthly. After one year, when the full reward is payed out, coin should continue to earn whatever interest you originally planned, and in that way the original dynamics of coin creation are not disturbed.

Now, the interesting part is, if you sell the coin early, before the full first 12 months, the buyer gets the rest of interest with the coin. In my opinion, that will create the need to hold the coin at least for some time, in order to maximize your profit. Miner will sell little UTC to cover their expenses, and hold the rest.

Those two concepts combined (multipool that pays out UTC, and reward for mining that is split 50% now, 50% in 12 months) should raise the price...

Smiley

Or someone should have a better plan how to do it...
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Newly Launched on: March 04, 2014, 01:22:58 PM
"Finding a breakthrough niche is what takes time"

Last night, my brother (unhappy miner of alt coins) asked me, what could be the use of UTC? He told me about the community effort to make UTC usable in the real world. Being amateur photographer myself, I offered some ideas, and he asked me to put them on the forum.

so, why don't you make a site, so photographs around the world, can sell their photos for UTC? So far, there are none, and if you do it on a short notice, and be the first to offer such service, it could be the breakthrough you need.

Speaking of that, Petapixel just had similar post: http://petapixel.com/2014/03/03/photographers-accept-bitcoin-payment/

I think selling stock photo for UTC has huge potential, and entering into photo community could be profitable.  

In the meanwhile, you can use Instagram, to do some marketing. You can have photo contest, for example, ask everyone to take a photo with something ULTRA on it, hash-tag it #UTC or #ultracoin and you link the tag with your FB page. It will generate free content, and you can make people vote for the best Ultra photo. Same content can be linked on the official page. Small prize is always welcomed, for the  best photos. Since you already have giveaway going, you can add Instagram campaign, or wait for some opportune moment to do it.

Wish you every luck, and may the UTC go to the moon... (and make my brother happy).

p.s. If you need any help, I am willing to participate as much as I can.
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