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Author Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!  (Read 946566 times)
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Beave162
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April 21, 2014, 04:38:04 AM
 #12321

OK, to clarify...the purchase was for a giftcard, not a pizza. It just so happened that the giftcard was for a pizza Chain. I'm sure everyone can get from point A (buy giftcard) to point B (use giftcard) there.

It really doesn't matter if it's 30 seconds or 6 seconds or 1 confirmation or 10, it's relative to what is currently available...i.e.the competition. It's relative to who has the initiative to push UTC onto an available payment platform SO PEOPLE WILL USE IT. If Gocoin allowed me to pay for the giftcard with UTC my entire transaction for buying the giftcard would have been less than one minute instead of 10 which is a pretty healthy reduction of total transaction time.

I'm sure most of us understand how crypto and the underlying technology works, but at some point we need get outside the technology and apply basic business and marketing principles to make opportunities happen. Doge has been successful at this by using their foundation to represent the coin and its interest. Their foundation has become a genuine non-profit business entity which gives Doge a public face and point of contact for business interest. I'm not suggesting this is mandatory for UTC's long-term growth, its just one of many options various coins have pursued.

By all means though, if you feel like UTC is operating in a time machine 1-2 years ago then tell us how we can move the coin forward through market adoption, word-of-mouth or magic beans for all I care -just be constructive. Tell us how we can benefit from the lessons learned via other cryptos. Seriously...I want to know because I want UTC to be successful and I'm sure we are all open so good ideas to move it forward.

OK sure, just take the time machine to back in time. I would start with https://bitcoin.org/bitcoin.pdf and research confirmation times. How long does it take to pay with gocoin exactly? Maybe someone can point me to it. When I pay with bitpay, it is pretty instant. You do not send bitcoins to an Overstock.com or gyft.com or tigerdirect.com address... you go through a payment processor. Again, what exactly makes UltraCoin stand out in this area?

Thank you for clarifying... I guess I have a different vision of the future than most on this particular thread. I will never see how ordering a gift card every time you are hungry and want a pizza will be realistic in this world. "We're talking about dinner here and you want your pizza yesterday"--was this comment a joke?

Ivan, maybe you can explain to me... what makes UltraCoin faster than say WorldCoin? I understand dcgirl's arbitrage function (kudos to her) and the value in that, but it just as easily could have been applied to WorldCoin, which was released eons ago relative to crytocurrency timelines. Now I know I must be missing something.

YaCoin: YL5kf54wPPXKsXd5T18xCaNkyUsS1DgY7z 
BitCoin: 14PFbLyUdTyxZg3V8hnvj5VXkx3dhthmDj
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ivanlabrie
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April 21, 2014, 05:02:37 AM
 #12322

Nothing, they just didn't have dcgirl onboard... :p
The mining algorithm is better imho, but well, transaction confirmation wise not a big difference with other fast coins.
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April 21, 2014, 09:58:48 AM
 #12323


Niiiice =D
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April 21, 2014, 10:27:05 AM
 #12324

^ I like the middle logo the best above

UTC should lower the coin cap
and
Make a multipool to dump alts coins value into UTC
Honestly, the most efficient way to mine UTC right now, is just to mine other coins and buy UTC anyway....

Leetpools!
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April 21, 2014, 10:37:09 AM
 #12325

Whens the wallet update and the reward change coming?
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April 21, 2014, 10:40:17 AM
 #12326

^ I like the middle logo the best above

UTC should lower the coin cap
and
Make a multipool to dump alts coins value into UTC
Honestly, the most efficient way to mine UTC right now, is just to mine other coins and buy UTC anyway....

That would work best with a different PoS mechanism as well...I'm looking forward to the new pos minting features in the wallet, the new yacoin wallet should be taken as an example for this. (so far it has the best interface/features in that field)

How are the PoS and PoW blocks weighted when minting?
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April 21, 2014, 11:56:37 AM
Last edit: April 21, 2014, 03:35:08 PM by bumface
 #12327

MANDATORY WALLET UPDATE WITHIN 24 HOURS.

that means its NOT optional!

This update will feature :

-Heartbleed bug fix

-Coincontrol

-Blockreward goes from 50 to 15 in block 240.000

mishax1
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April 21, 2014, 12:06:55 PM
Last edit: April 21, 2014, 12:44:19 PM by mishax1
 #12328

MANDATORY WALLET UPDATE WITHIN 24 HOURS.

that means its NOT optional!

This update will feature :

-Heartbleed bug fix

-Coincontrol

-Blockreward goes from 50 to 15 in block 240.000

Post on main page + change title ? thanks.  Roll Eyes
SxC
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April 21, 2014, 12:10:30 PM
 #12329

get your cheap UTC now guys

Less than 20k blocks before reward changes
mishax1
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April 21, 2014, 12:16:06 PM
 #12330

get your cheap UTC now guys

Less than 20k blocks before reward changes


Thats about ~4 days ? right ?  Grin
SxC
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April 21, 2014, 12:18:39 PM
 #12331

get your cheap UTC now guys

Less than 20k blocks before reward changes


Thats about ~4 days ? right ?  Grin

about 5-6 days
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April 21, 2014, 12:19:38 PM
 #12332

i forgot my wallet password someone help please.
my ultracoin lost foreveR?

M8, i just cant believe you are not troll. So you spent all of your money to buy utc high and now you lost password? Sorry this is too much.
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April 21, 2014, 12:24:25 PM
 #12333

get your cheap UTC now guys

Less than 20k blocks before reward changes


Thats about ~4 days ? right ?  Grin

about 5-6 days

You are probably right, I just counted it from the 1st 500 blocks which were twice as fast for some reason...
SxC
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April 21, 2014, 12:26:13 PM
 #12334

i forgot my wallet password someone help please.
my ultracoin lost foreveR?

if you want you can send me your wallet.dat file and ill brute force it open for you

0.5% fee tho of what you hold
Marnie1976
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April 21, 2014, 01:38:26 PM
 #12335

MANDATORY WALLET UPDATE WITHIN 24 HOURS.

that means its NOT optional!

This update will feature :

-Heartbleed bug fix

-Coincontrol

-Blockreward goes from 50 to 15 in block 240.000



@BUMFACE, please give a detailed manual how to update the Wallet.

I am a Noob with these things with my wallet and I am scared I will do something wrong.

So please give a detailed manual how to update, step by step ok...
dcgirl
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April 21, 2014, 01:45:11 PM
 #12336

@BUMFACE, please give a detailed manual how to update the Wallet.

I am a Noob with these things with my wallet and I am scared I will do something wrong.

So please give a detailed manual how to update, step by step ok...


We will definitely give detailed instructions and post them here, on the website and in the blog. I'm a noob too, and freak out whenever a wallet is updated. Definitely know where you're coming from!
Marnie1976
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April 21, 2014, 01:49:35 PM
 #12337

@BUMFACE, please give a detailed manual how to update the Wallet.

I am a Noob with these things with my wallet and I am scared I will do something wrong.

So please give a detailed manual how to update, step by step ok...


We will definitely give detailed instructions and post them here, on the website and in the blog. I'm a noob too, and freak out whenever a wallet is updated. Definitely know where you're coming from!


.... do you want to marry me dcgirl...  Grin  we would be match together, 2 noobs haha  Wink
Mikebeav3r
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April 21, 2014, 01:57:45 PM
 #12338

IS there a Mac wallet coming in the next 24 hours also?
If so, do you want me to host on my Drop box as I am doing currently with this version for Mac?
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April 21, 2014, 02:02:12 PM
 #12339

which are the innovations your coin brings?
utcminer
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April 21, 2014, 02:29:49 PM
 #12340

@BUMFACE, please give a detailed manual how to update the Wallet.

I am a Noob with these things with my wallet and I am scared I will do something wrong.

So please give a detailed manual how to update, step by step ok...


We will definitely give detailed instructions and post them here, on the website and in the blog. I'm a noob too, and freak out whenever a wallet is updated. Definitely know where you're coming from!


.... do you want to marry me dcgirl...  Grin  we would be match together, 2 noobs haha  Wink
No,she don't.she is my wife

http://ultracoin.net/ - Ultracoin Website
http://cryptotrain.net/ - Ultracoin Multipool
http://ultracoinpool.info/ - Ultracoin Pool
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