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Author Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!  (Read 946563 times)
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azerbaidjan
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March 31, 2014, 02:22:58 PM
 #11041

said by BTC-e mod today in chatbox on btc-e

paulgr: BadBitBoy, People are spreading their coins into other markets. Seriously, there are some coins that are worth holding onto. Bumfaces coin is super fast, and yes it's great. But we are not able to discuss it here yet mate as it it has not been listed here yet.

Original link or just more fud from jeff

There you go:
http://trollboxarchive.com/byid.php?id=55306951
Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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March 31, 2014, 02:28:44 PM
 #11042

UTc has shown it can do 500+ BTC volume a day in the past

Even that saturday the other week when it had a little pump 300+ BTC was traded  

only reason it aint doing much volume now is not many want to sell so cheap and ppl are just waiting for cheap coins

plus the BTC drama aint helping
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March 31, 2014, 02:31:31 PM
 #11043

Well, paulgr was the one who said utc on cryptsy soon a month before the actual listing.

Btc-e would be great, and as they have shown Yesterday they can add a coin whenever they want, still a single post from him does not constitute a guarantee or even a strong clue, in my view.

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March 31, 2014, 03:06:51 PM
 #11044

said by BTC-e mod today in chatbox on btc-e

paulgr: BadBitBoy, People are spreading their coins into other markets. Seriously, there are some coins that are worth holding onto. Bumfaces coin is super fast, and yes it's great. But we are not able to discuss it here yet mate as it it has not been listed here yet.

Original link or just more fud from jeff

There you go:
http://trollboxarchive.com/byid.php?id=55306951


We al wish UTC wil get add at BTC-E.... But dont bet on it that it wil happen soon....

Bumface himself stated a view weeks ago on this forum that it will not happen in the near future: "BTC-E is a to big exchanges for a coin as UTC" (or something like that Bumfaces stated her)....

So first a big grow of UTC is needed and then, then one day ....
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March 31, 2014, 03:25:31 PM
 #11045

said by BTC-e mod today in chatbox on btc-e

paulgr: BadBitBoy, People are spreading their coins into other markets. Seriously, there are some coins that are worth holding onto. Bumfaces coin is super fast, and yes it's great. But we are not able to discuss it here yet mate as it it has not been listed here yet.

Original link or just more fud from jeff

There you go:
http://trollboxarchive.com/byid.php?id=55306951


Quote from: bumface on March 04, 2014, 10:46:15 PM

" .....and you can forget about btc-e at this very moment....there is not nearly enough demand or community size for btc-e...."
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March 31, 2014, 03:25:52 PM
 #11046

Correct me if I am wrong here, but when Nitro1 goes down, everything looks perfect. Net hash remains constant, and the miner failovers seem to push everything out into a far better distribution ratio. Seems like a possible solution.

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March 31, 2014, 03:28:54 PM
Last edit: March 31, 2014, 03:39:08 PM by dwolfx
 #11047

Correct me if I am wrong here, but when Nitro1 goes down, everything looks perfect. Net hash remains constant, and the miner failovers seem to push everything out into a far better distribution ratio. Seems like a possible solution.

Only solution is nitro 2 close registrations, lock out users from nitro 1, close nitro 1.
Its a hard-reset to hash.


It doesnt matter at this point, coin is hovering at around 5~6 cents a coin if bitcoin continue its decline towards 100$, alt coin valuations will continue to plummet also, very few coins will be around.... the hard crypto-reset is around the corner , its gona be like mining in 2011 again, only ones who will be mining are people who doit for a hobby.

 Let the coin be as it is for now, no point in doing un-necessary work this early on.

Focus should be on making UTC a competitor with bitcoin, as bitcoin tips under 100$ a coin (pretty much guaranteed to happen now in my eyes by August~November), it will look weak and UTC might be able to over-take BTC then in market cap.

If you look at market cap http://blockchain.info/charts/market-cap   you can clearly see its heading to the original average market cap of around 700,000,000~1 billion USD, which to me puts a valuation of around 70~100$ per BTC.

UTC will be around half a cent a coin by then if nothing changes.


UTC is pretty well positioned though to be one of the first coins to be adopted as a replacement for BTC when BTC finally keels over and dies, lets face it, BTC was "beta software", the strongest algo will persist (the most fit to survive), first to market isn't everything.

Leetpools!
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March 31, 2014, 03:49:24 PM
 #11048

Sheez we only have 6 days left 'til the next N-Factor increase?? Gotta point all my rigs now at mining UTC! I see a possible difficulty spike in the next few days as well as an increase in price!
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March 31, 2014, 03:52:46 PM
 #11049

You're really thinking BTC will dip that low? I have a hard time seeing that despite what current trends suggest. With so many missing already (lost in inaccessible wallets), the amount in circulation is less than mined which affects supply and demand protocols. Furthermore, the cost to mine is increasing, along with the global acceptance rates---ATM's are sprouting up in droves. I think it will begin to rebound once these more robust, compliant exchanges come into fruition. This will allow the average, non technical user to get involved and allow much more efficient trading. I can certainly see the volatility decreasing but as for the price, well, it really could go in either direction. Who knows.

Validity.Bringing Advanced Utility to the Blockchain with the Validity SmartChain!
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March 31, 2014, 03:54:12 PM
 #11050

Sheez we only have 6 days left 'til the next N-Factor increase?? Gotta point all my rigs now at mining UTC! I see a possible difficulty spike in the next few days as well as an increase in price!

Well sorry to bother you but when Nfactor goes up, difficulty goes down.



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March 31, 2014, 03:54:42 PM
 #11051

Sheez we only have 6 days left 'til the next N-Factor increase?? Gotta point all my rigs now at mining UTC! I see a possible difficulty spike in the next few days as well as an increase in price!

Well sorry to bother you but when Nfactor goes up, difficulty goes down.

I'm sure he meant in relative terms.

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March 31, 2014, 04:45:12 PM
 #11052

You're really thinking BTC will dip that low? I have a hard time seeing that despite what current trends suggest. With so many missing already (lost in inaccessible wallets), the amount in circulation is less than mined which affects supply and demand protocols. Furthermore, the cost to mine is increasing, along with the global acceptance rates---ATM's are sprouting up in droves. I think it will begin to rebound once these more robust, compliant exchanges come into fruition. This will allow the average, non technical user to get involved and allow much more efficient trading. I can certainly see the volatility decreasing but as for the price, well, it really could go in either direction. Who knows.

I think btc at 100$ is purely sci-fi.

Truth is there's little to no reason for the price decline we're witnessing, except for FUD.

Looks to me like manipulation.

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March 31, 2014, 05:24:12 PM
 #11053

sell your UTC @ cryptorush  Grin
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March 31, 2014, 05:28:12 PM
 #11054

BTC would be at 0 if the issues were that devastating. I think the US IRS notice has more impact than India's or China's bank and exchange ban. The chinese can still operate with BTC, just not able to exchange for their own currency in their own country. The IRS notice makes it impossible to claim any kind of minings at this point, just isn't enough physical time to do all the paperwork involved. Either way, it kind of forces BTC back underground and if BTC doesn't dissolve, it  means cryptos still have huge weight and the governments of the world really have no say over crypto. And besides, we only allow the governments to have jurisdiction over cryptos if we let them.... Governments are scared shitless and this is the extent to what they can do other than making it illegal to own BTC which is nearly impossible to trace.

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March 31, 2014, 05:39:29 PM
Last edit: March 31, 2014, 05:49:56 PM by dwolfx
 #11055

You're really thinking BTC will dip that low? I have a hard time seeing that despite what current trends suggest. With so many missing already (lost in inaccessible wallets), the amount in circulation is less than mined which affects supply and demand protocols. Furthermore, the cost to mine is increasing, along with the global acceptance rates---ATM's are sprouting up in droves. I think it will begin to rebound once these more robust, compliant exchanges come into fruition. This will allow the average, non technical user to get involved and allow much more efficient trading. I can certainly see the volatility decreasing but as for the price, well, it really could go in either direction. Who knows.


What people fail to see is, the price is arbitrary, the coin can survive at 10$ a coin, it doesn't matter what the price of BTC is.

What is important for someone speculating on the price is, the revolving door value.
How much money flows into BTC and how much money flows out of BTC.

There are plenty of coins in circulation, I would say there are more coins in circulation than demand actually needs, thus we have a decreasing price.

Bitcoin WILL hit 250$ then 100$ then maybe even 50$ at some point, my target is 250$ "ish" by August, the demand for bitcoins just isn't there, because bitcoin fails to solve any real world problems, the only advantage for bitcoin is low transfer fees to send money from point A to point B, and that is only the case if you immediately convert USD to BTC then at your destination you instantly convert BTC back to your local currency.

The amount of users using the coin, will give it a revolving door value, sure, this is guaranteed, but the current price of 400$+ is un-warranted, and un-necessary, and was the product of rampant speculation, which is now dying down.
As bitcoin gains adoption, people will invest in the INDUSTRY not the coin, they will invest in companies manufacturing

-Mining hardware
-Atms
-Point of Sales systems

Dumping money into BTC is not an "investment" into the coin, its simply speculating and hoping that enough new users will hop onboard to increase the revolving door value.

I just don't see it as a good short term investment, best thing to do, would be to wait for 100$ mark, buy , hold for 4 ~ 5 years while it gains users, its way too early and way too expensive still IMO.

But I am no expert, so what does my opinion count for? absolutely nothing Wink its just what I SEE happening, and perspectives are unique to the viewer.

you have to also take into account the current inflation rate for BTC is pretty high ( last I checked it was around 10~11%), that means that in order to keep the current price, 11~12% MORE $$$$ has to flow into BTC to meet the inflation.



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March 31, 2014, 05:48:12 PM
 #11056

Fair enough. Sure is going to be an interesting next couple of years.

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March 31, 2014, 05:50:57 PM
 #11057

Fair enough. Sure is going to be an interesting next couple of years.

For sure!
Honestly I hope I am wrong and BTC goes back over 1000$, trust me I would be happier for it, its much easier to make$$$$ when things go up in price ;p

Leetpools!
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March 31, 2014, 07:14:43 PM
 #11058

Holdin

https://www.youtube.com/watch?v=NG1qooBzE2w

UTC UTC UTC
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March 31, 2014, 07:22:30 PM
 #11059

I have taken previous bubbles into account and I am expecting definately sub 300, but not lower than 200.

https://whattomine.com - Check what to mine Smiley
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March 31, 2014, 07:49:25 PM
 #11060

I don't understand why people are willing to sell their coins at such low prices.  Huh I hope they realise they waste mining resources and probably selling at a loss or just break-even. I wanna kick these people's bums!
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