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Author Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!  (Read 946638 times)
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bumface (OP)
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March 23, 2014, 07:07:01 PM
 #10541

@bumface / everyone

Why don't we create a public bounty system for things we need?


Each bounty will have its own wallet where people will send UTC to make the bounty bigger.
Some other coins use such system and it works well and also shows what's most in demand.
Bumface's UTC with his Crypto-Trade assisted promotion fund can be put into these wallets also.
e.g. All start with 1000 UTC each from Bumface. Then community can start adding in their own.

Something like below. It would potentially speed up the development as well as gain some new devs.

If you like my idea, maybe I can qualify for #11 or #14? Grin
UXLaLvo8L4eV9uC355WRzTX88GA7iFja2g

SAMPLE PUBLIC BOUNTY LIST

- Paying up to 100% of the wallet balance via 5 recognized members (bumface can choose) vote. (Score out of 10 per person)
- This is to ensure the right amount is paid to the developer for its level of quality rated by more than 1 person.

1. Android Mobile Wallet Being built
Balance = http://bitgo.pw:3731/address/<wallet>

2. iOS Mobile Wallet Being built
Balance = http://bitgo.pw:3731/address/<wallet>

3. Google+ Youtube Tipper Bot
Balance = http://bitgo.pw:3731/address/<wallet>

4. Android Ultracoin Game
Balance = http://bitgo.pw:3731/address/<wallet>

5. iOS Ultracoin Game
Balance = http://bitgo.pw:3731/address/<wallet>

6. Reddit Tipper Bot
Balance = http://bitgo.pw:3731/address/<wallet>

7. Youtube Promotional Video Being built
Balance = http://bitgo.pw:3731/address/<wallet>

8. Promotional Art / Graphics
Balance = http://bitgo.pw:3731/address/<wallet>

9. Qt Wallet Enhancement / Upgrade
Balance = http://bitgo.pw:3731/address/<wallet>

10. Ultracoin-related Desktop PC Application
Balance = http://bitgo.pw:3731/address/<wallet>

11. Viral Promotion Blog post / news article / marketing attempt.
Balance = http://bitgo.pw:3731/address/<wallet>

12. Ultracoin Gambling Site / Application http://www.bluevec.co/ + http://utc.cryptodice.tk/
Balance = http://bitgo.pw:3731/address/<wallet>

13. Misc-Ultracoin-related Web Site (blockchain, charts, buy/sell site etc)
Balance = http://bitgo.pw:3731/address/<wallet>

14. Anything else Ultracoin related that deserves recognition and payment.
(Acts as a BONUS bounty if something above is exceptionally well done)
Balance = http://bitgo.pw:3731/address/<wallet>

dcgirl
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March 23, 2014, 07:16:01 PM
 #10542

Bounties are a great idea, and it should have been done from the start.

We could use the promo fund (what is it currently being used for anyway???)

I do believe its being used for just that, but its not being done in an organized, publicly visible way. If we were to pursue the above, it would allow everyone to see what is planned, being worked on, etc. And in turn, it would hopefully spark a competitive atmosphere amongst devs to release the greater product. I definitely think this should be implemented right away!

These are all great ideas. UTC is a solid coin, and the community is wonderful. What it desperately needs is publicly visible leadership - not just one person, but someone that will lead the dev effort, someone that will lead the bounty management, someone that will lead marketing, etc. With those people in place, the community will have a good sense of where things are going, and a clear idea of who is doing what.

This can't wait.
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March 23, 2014, 07:21:02 PM
 #10543

Bounties are a great idea, and it should have been done from the start.

We could use the promo fund (what is it currently being used for anyway???)

I do believe its being used for just that, but its not being done in an organized, publicly visible way. If we were to pursue the above, it would allow everyone to see what is planned, being worked on, etc. And in turn, it would hopefully spark a competitive atmosphere amongst devs to release the greater product. I definitely think this should be implemented right away!

These are all great ideas. UTC is a solid coin, and the community is wonderful. What it desperately needs is publicly visible leadership - not just one person, but someone that will lead the dev effort, someone that will lead the bounty management, someone that will lead marketing, etc. With those people in place, the community will have a good sense of where things are going, and a clear idea of who is doing what.

This can't wait.

also another urgent matter is the pools problem, on nitro I think the top 10 miners should be banned to switch to another pools because, right now, nitro2 did more damage than good by attracting miners from other pools... Sad
xwebnetwork
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March 23, 2014, 07:32:49 PM
 #10544

@dcgirl

I know that had been proposed before, but I agree it is more pertinent now than ever. A board of directors, if you will, should be established. I'd more than happily take up the responsibility for the web-development. I can assist with marketing and promotion but others have far more knowledge than I do.

We desperately need a dev who is more involved than Ziggy. I haven't seen him since the very beginning, months ago. I know he may make some changes here or there, but like you said, we need a leader in that position to direct and pursue projects.

And these positions, once established, should be set up as points of contact. Each individual should have an email address @ultracoin.net and should be publicly visible on the website for PR.

Validity.Bringing Advanced Utility to the Blockchain with the Validity SmartChain!
Website | BTCT Thread
thaitunhi1606
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March 23, 2014, 07:37:00 PM
 #10545

vote here if you think utc should have 10 utc per block instead of 50 utc
https://bitcointalk.org/index.php?topic=527808.0
I vote it. 25 rewards is ok!
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March 23, 2014, 07:56:46 PM
 #10546

I believe the PoS part of this coin is a joke, you have to leave the coins in your wallet for 1 year to get pay?, maybe developers should change that to 1 week or 1 day, that will make the coin more interesting  Wink
KingCole
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March 23, 2014, 08:03:05 PM
 #10547

dcGirl and xwebnetwork once again speak common sense. I'd love to be more involved but have just taken on a role in a Community Energy Co-Op to get things off the ground and raise money for a solar array, plus I have a demanding full-time job and family.

The Crypto-Trade offer raised 32,500 UTC, which even at the very lowly rate of both UTC and BTC is around $3,500. So why not use this money to recruit a marketing manager if Bumface doesn't feel he can do it alone. Offer a $1,500 competition to recruit such a spokesperson with a further reward of the remaining UTC if they raise the price three-fold in three months?

KC
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March 23, 2014, 08:09:04 PM
 #10548

dcGirl and xwebnetwork once again speak common sense. I'd love to be more involved but have just taken on a role in a Community Energy Co-Op to get things off the ground and raise money for a solar array, plus I have a demanding full-time job and family.

The Crypto-Trade offer raised 32,500 UTC, which even at the very lowly rate of both UTC and BTC is around $3,500. So why not use this money to recruit a marketing manager if Bumface doesn't feel he can do it alone. Offer a $1,500 competition to recruit such a spokesperson with a further reward of the remaining UTC if they raise the price three-fold in three months?

KC

+1

https://whattomine.com - Check what to mine Smiley
utcminer
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March 23, 2014, 08:09:16 PM
 #10549

@dcgirl

I know that had been proposed before, but I agree it is more pertinent now than ever. A board of directors, if you will, should be established. I'd more than happily take up the responsibility for the web-development. I can assist with marketing and promotion but others have far more knowledge than I do.

We desperately need a dev who is more involved than Ziggy. I haven't seen him since the very beginning, months ago. I know he may make some changes here or there, but like you said, we need a leader in that position to direct and pursue projects.

And these positions, once established, should be set up as points of contact. Each individual should have an email address @ultracoin.net and should be publicly visible on the website for PR.
I think utc should be changed to have 10 utc per block instead of the current 50 utc per block.
having 10 utc per block means that there will be 28,800 utc mined per day instead of the current 144,000 per day.

litecoin has 28800 ltc mined per day
vertcoin has 28800 vtc mined per day.
utc's 144000 per day is too high. it should be divided by 5 to have 10 utc per block instead. that would mean 28800 utc per day too.

http://ultracoin.net/ - Ultracoin Website
http://cryptotrain.net/ - Ultracoin Multipool
http://ultracoinpool.info/ - Ultracoin Pool
SxC
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March 23, 2014, 08:10:29 PM
 #10550

@dcgirl

I know that had been proposed before, but I agree it is more pertinent now than ever. A board of directors, if you will, should be established. I'd more than happily take up the responsibility for the web-development. I can assist with marketing and promotion but others have far more knowledge than I do.

We desperately need a dev who is more involved than Ziggy. I haven't seen him since the very beginning, months ago. I know he may make some changes here or there, but like you said, we need a leader in that position to direct and pursue projects.

And these positions, once established, should be set up as points of contact. Each individual should have an email address @ultracoin.net and should be publicly visible on the website for PR.
I think utc should be changed to have 10 utc per block instead of the current 50 utc per block.
having 10 utc per block means that there will be 28,800 utc mined per day instead of the current 144,000 per day.

litecoin has 28800 ltc mined per day
vertcoin has 28800 vtc mined per day.
utc's 144000 per day is too high. it should be divided by 5 to have 10 utc per block instead. that would mean 28800 utc per day too.

And if price doesn't go up its bye bye miners
utcminer
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March 23, 2014, 08:22:36 PM
 #10551

@dcgirl

I know that had been proposed before, but I agree it is more pertinent now than ever. A board of directors, if you will, should be established. I'd more than happily take up the responsibility for the web-development. I can assist with marketing and promotion but others have far more knowledge than I do.

We desperately need a dev who is more involved than Ziggy. I haven't seen him since the very beginning, months ago. I know he may make some changes here or there, but like you said, we need a leader in that position to direct and pursue projects.

And these positions, once established, should be set up as points of contact. Each individual should have an email address @ultracoin.net and should be publicly visible on the website for PR.
I think utc should be changed to have 10 utc per block instead of the current 50 utc per block.
having 10 utc per block means that there will be 28,800 utc mined per day instead of the current 144,000 per day.

litecoin has 28800 ltc mined per day
vertcoin has 28800 vtc mined per day.
utc's 144000 per day is too high. it should be divided by 5 to have 10 utc per block instead. that would mean 28800 utc per day too.

And if price doesn't go up its bye bye miners
There's no buyers at all,but only sellers.The price of UTC is below 0.0002 which has been  regarded as a solid point.
Maybe the reason is too many coins produced everyday.

http://ultracoin.net/ - Ultracoin Website
http://cryptotrain.net/ - Ultracoin Multipool
http://ultracoinpool.info/ - Ultracoin Pool
CryptoCthulhu
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March 23, 2014, 08:29:04 PM
 #10552

Block reward is not the problem. Lack of buyers is.

@Bumface - can you please clear official forum of spam? It is looking very unprofessional.
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March 23, 2014, 08:32:17 PM
 #10553

ill think about it.i do see the merrit of less dumping, but dont forget this could upset the miners.....

if it bringes the price up due to less dumping, then the miners wont mind obviously, but its about the transitional period....

This is a thing better done from launch.

i agree with bumface!
but what is with a multipool like bc? is such a kind of pool possible for UTC?
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March 23, 2014, 08:45:47 PM
 #10554

well im mining @ a loss right now £1.82 a day and paying £2.00 in electric Sad
coinano
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March 23, 2014, 08:46:06 PM
 #10555


Hello UltraCoin Community.

We added UTC to www.coinano.com
You can trade with us.
Our reward system will give a different and exciting experience.
Be online, trade safely&funny and always win !  
Happy trading !!



More Info  https://bitcointalk.org/index.php?topic=527950.0
Visit us   www.coinano.com
Follow us  https://twitter.com/Coinano






dcgirl
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March 23, 2014, 08:47:08 PM
 #10556

ill think about it.i do see the merrit of less dumping, but dont forget this could upset the miners.....

if it bringes the price up due to less dumping, then the miners wont mind obviously, but its about the transitional period....

This is a thing better done from launch.

i agree with bumface!
but what is with a multipool like bc? is such a kind of pool possible for UTC?

I'd like to propose that a group be formed to explore options as expressed here - related to mining, n-factor and possible changes. That group would take a week or so to explore options, look at drawbacks and prepare a plan to be presented to bumface. Who is willing to be a part of that group?

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March 23, 2014, 08:55:07 PM
 #10557

I'd be willing to participate.

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SxC
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March 23, 2014, 08:59:29 PM
 #10558

I'd be willing to participate.

I have 0 skillz so i'll just watch

But im online 24/7 so i could be a time keeper Tongue
bumface (OP)
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March 23, 2014, 09:00:49 PM
 #10559

Block reward is not the problem. Lack of buyers is.

@Bumface - can you please clear official forum of spam? It is looking very unprofessional.

done

xwebnetwork
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March 23, 2014, 09:03:36 PM
 #10560

I'd be willing to participate.

I have 0 skillz so i'll just watch

But im online 24/7 so i could be a time keeper Tongue

It's not entirely about skills but more or less regarding critical thinking and troubleshooting. We are simply forming a think tank to discuss our obstacles and ways to overcome them in an efficient and productive manner. Any and all input can and will help. Obviously this particular thread has the ideas, but in order for them to be dissected further, they need to be quarantined and examined thoroughly. Too many good ideas have been passed over because they have been forgotten. Once something is 2,3,4 pages back, its existence fades unless re-posted.

Validity.Bringing Advanced Utility to the Blockchain with the Validity SmartChain!
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