[ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!

[mizultra]

I ran thru the top coin pairs on Cryptsy to see which ones might have unlisted charts on Bitwisdon and found the ones below currently active. There's probably more, but the only one I really wanted to find was UTC/BTC which isn't active....Yet.

So Bumface... Who do we need to bribe to get Bitwisdom to add UTC, even if it's unlisted?

Vertcoin
https://bitcoinwisdom.com/markets/cryptsy/vtcbtc

Worldcoin
https://bitcoinwisdom.com/markets/cryptsy/wdcbtc

quark
https://bitcoinwisdom.com/markets/cryptsy/qrkbtc

whitecoin
https://bitcoinwisdom.com/markets/cryptsy/wcbtc

Blackcoin
https://bitcoinwisdom.com/markets/cryptsy/bcbtc

darkcoin
https://bitcoinwisdom.com/markets/cryptsy/drkbtc


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[ivanlabrie]

Bribe them up!

[acboy]

Since the world began to dig until now
This coin desperate
Look up indefinitely
Early know you are sold
Mining right now
Even the first electricity can't afford

[hanvude2424]

When would i get my utc in utcmultipool

[primouno]

Anyone got paid from utcmultipool today?

[Techsan]

no payment since 2014-04-30 01:11:17
can wait, no problem for me, i don't sell at this low price

Techsan

[primouno]

no payment since 2014-04-30 01:11:17
can wait, no problem for me, i don't sell at this low price

Techsan

No problem for me either but I'd rather know how much I will be paid besides this might scare people off and go to other pools.
There seems to be a problem with X11. sgminer stops and gives message: "pool 0 no responding, waiting for work to be available from pools" or something like this. :/

UTC price dropping again, now it's becoming ridiculous. It is even lower than before block change, who is so stupid to sell at this price? Not miners I guess, because that is not even enough to pay for electricity 

[Techsan]

No problem for me either but I'd rather know how much I will be paid besides this might scare people off and go to other pools.
There seems to be a problem with X11. sgminer stops and gives message: "pool 0 no responding, waiting for work to be available from pools" or something like this. :/

Same for me on X11 with GPU and CPU

EDIT: seems to be fine now ( i have miss -a X11 on my bat)

[3r197]

Another idea...

So we have proof of work and proof of stake.
Why not a proof of donate??
And what if the coin could be programmed for all 3.

So take for example your official pool - ultracoinpool.info  
Even though thiago wants transparency and would rather us donate extra to the official donate address...
...what if there were a way utilize either option in the future to gain interest?
What if people had a choice to choose from either proof of work, proof of stake, or possibly proof of donate?
I've been reading up on proof of stake. Looks mostly over my head but yet I've trying to grasp both sides of the story - and at one point I will start to utilize it.
However, from an imaginary so-called proof of donate standard, you have an easy trackable way to reward long term miners/investors with interest - that had previously provided donations via mining or via official dev address that would turn into a locked fund - so to speak. Imagine, it builds its interest upon a locked 100% guarantee proof of stake address fund. No one has to worry anymore about their personal wallet closing down and hurting their interest. Shareholders would only have wished they invested more, sooner.

Thoughts?

Interesting. I've been thinking of whether we could allow stake payouts to be directed to a different address, sort of to accomplish the same thing. So the coin itself would not probably need to be modified, instead the proof of stake payout address is modified, and perhaps the wallet could contain a "percentage designation" that would go to future development or something like that. Certainly worth some thought and discussion.

Agreed. I'm sure it's a pain to modify the coin, so just have some way to tweak out the proof of stake system with multiple options to choose from. Let's say the coin's official website could have a tab for investing coins (whether from mining or outright purchased) in an official proof of stake Ultracoin address. And you could have multiple levels of interest earned obviously at multiple levels of risk. So in a sense you have created a company stock or bond.
So let's say I have 25k coins; I want to keep 5k in my wallet for "ultrafast" business transactions and daytrading, I put 15k of coin in my own personal wallet proof of stake system , and then I put 5k in an official website address proof of stake stock or bond that guarantee's a return from day one proportional to how long you let it mature in the address. You wouldn't exactly have to wait 1 year to see payout from the stake. All the while your organization is taking a slice of the pie to help fund development of the coin. People can get in and out when ever they want to, but if they get out early they lose maximum benefit. So let's say you have a stock or proof of stake "bond" address that pays out 3% - 5% in a 3 month time frame. Or one that's 7% - 10% after 6 month time frame. Or one that's 12% to 15% for a 9 month time frame. If one keeps a stake in a 3 month that matures and they don't move it, they have a choice of letting it reset at that new interest paid amount in the same stake bond time frame or it can be moved over to a higher time frame (6 months) at a higher interest rate reward as compared to someone who's just entered in fresh.
 
Possible step towards diversifying the coin even more where (not that I'm worried about UTC) the fear of a 51% attack would become that much harder to infiltrate the system.
If you are worried about someone buying up too much at once, have a set limit amount of purchase power based off something like: how long you have owned a wallet, or investing limits on how much personal wallet proof of stake do you have, etc... if any of this would even matter. 
And of course it would require some rules as some people would think that they have a right to say what's what for the coins future. But that can be a good thing as well.

I could go on and on...
Any thoughts?   

Cheer's!
Craig Claussen

[Mountaineeer]

Unbelievable that people sell lower than the price before the reward reduction. Who the hell has so many coins to liquidate and why now. This is not confidence inspiring for bringing in new adopters and investors.

[hyeoam]

Charts here: http://crypto-prices.com/UTC

[untalented]

@3r197
Why not ? and think we must more Attract PoS in UTC maybe in next phase .
This is the trend for now , but it will not be attractive forever
We can not stand in place , as was the case with Nokia , we have to work like it does dcgirl . Our common ideas is what UTC needs and investors to find .
As you know trends change, appeared doge a lot of followers behind him , then appeared airdrops , now is the time to quickly distribute copies in digging and quick money when transformed into a 100 % PoS .
It also quickly end it start , soon nobody will remember about colored coins because every day creating new other .
UTC is a long- term currency of a future , thanks to you we can improve it to modernize , but we can not change anything in it because it will no longer UTC .
Because UTC is the ORIGINAL currency , it would not copy ideas from the competition only on the good you can suggest and create something new better .

[untalented]

Today i found another weapon UTC.
Bumface change the ann title to example REAL ASIC-RESISTANT / FLOWER ASIC N-SCRYPT-RESISTANT / UltraCoin (UTC) - Ultrafast 6 second transactions / UltraArb.
Suggestions will be nice.

https://www.flowertechnology.com/

Soon when flower hits the markets with asic who can mine N-Scrypt/Scrypt coins then will be MEGA DUMPS on that coins.

Thats warning investors and should focus on UTC.
UTC is safe because is uses scrypt chacha not popular like others algorithms.
When the algorithm becomes more popular and more and more coins using it is only a matter of time when you create the ASIC under this algorithm.

[Ruckster2010]

no payment since 2014-04-30 01:11:17
can wait, no problem for me, i don't sell at this low price

Techsan

UTC Multipool doesn't sell UTC, it buys UTC.  We want it to do that so the price goes UP.

[Techsan]

no payment since 2014-04-30 01:11:17
can wait, no problem for me, i don't sell at this low price

Techsan

UTC Multipool doesn't sell UTC, it buys UTC.  We want it to do that so the price goes UP.

I know but at this low price i can wait to receive my payment in UTC
but it will be good that Multipool buy when UTC be so cheap

[Techsan]

Multipool Payment received

Thanks

[Marnie1976]

Hi guys - we posted an update either earlier today or last night (I honestly don't remember which) - the wallet is being fixed as we speak. The leveldb fix is required to take care of the loading issue and this has turned out to be a larger job than expected. As soon as we get an eta from the devs it will be posted here.

For the record, I am not aware that anyone has had a problem with their coins being safe. But I do acknowledge that the wallet, as it is today, is unacceptable. This WILL be fixed.

dcgirl can you ask to devs who are programming the wallet if this is indeed the fact;  are the coins save in the wallet, the wallet which takes +18 minutes to open

[dcgirl]

Hi guys - we posted an update either earlier today or last night (I honestly don't remember which) - the wallet is being fixed as we speak. The leveldb fix is required to take care of the loading issue and this has turned out to be a larger job than expected. As soon as we get an eta from the devs it will be posted here.

For the record, I am not aware that anyone has had a problem with their coins being safe. But I do acknowledge that the wallet, as it is today, is unacceptable. This WILL be fixed.

dcgirl can you ask to devs who are programming the wallet if this is indeed the fact;  are the coins save in the wallet, the wallet which takes +18 minutes to open

Yes, we will confirm this with devs and provide an answer here as quickly as we can. Thanks.

[dcgirl]

Hi guys - we posted an update either earlier today or last night (I honestly don't remember which) - the wallet is being fixed as we speak. The leveldb fix is required to take care of the loading issue and this has turned out to be a larger job than expected. As soon as we get an eta from the devs it will be posted here.

For the record, I am not aware that anyone has had a problem with their coins being safe. But I do acknowledge that the wallet, as it is today, is unacceptable. This WILL be fixed.

dcgirl can you ask to devs who are programming the wallet if this is indeed the fact;  are the coins save in the wallet, the wallet which takes +18 minutes to open

We confirmed with the devs that your coins are safe. The speed issues will be addressed in the v3 wallet upgrade. Thanks for being patient with us as we resolve this.

Please note that your coins are stored in the wallet.dat file, and the opening speed is not related. The dev has been aware of the speed issue since he began working on all of the changes we requested, but he needed to add features in a specific order.

[longyenthanh]

I recevied 156coins from mining x11 @multipool (1/2 day)