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

[vizique]

Diff 6 ^^

[lit2003]

I am a miner and I don't sell coins to pay bills.  I mine to accumulate desirable coins at considerably cheaper rates than they trade at.  That's it.  If I feel the coin will have more value in the future, I don't sell it until then.  I don't know why their is this assumption that all miners are living "paycheck to paycheck" and have to sell every coin they mine just to eat the next day. 

Yeah, i'm a miner too. I'm usually decide what to sell right now and what coins should be held and sold in the future when exchange rates will go higher. For sure there should be some signs that the coin is not a one-day crap coin :-)

[noobyonekenobi]

Great updates 

https://www.facebook.com/CryptoTrade

https://twitter.com/Crypto_Trade

[Jarod1231]

Right now miners are the ones who are aware of UTC more than the average trader or the general public. Miners like to mine and also need to pay bills with the coins they generate. The fact that there have been few viable options to sell UTC coins on a reliable exchange means the value of the coin will drop as soon as a many miners can sell them...basic common sense. The amount of coins being sold is low and the buy support of course is even less as the coin is new. Give it some time, as the coin generates awareness and people understand the complexity of a scrypt-jane coin more traders will buy and the coin will not lose value so often from miners dumping it to pay bills.

I am a miner and I don't sell coins to pay bills.  I mine to accumulate desirable coins at considerably cheaper rates than they trade at.  That's it.  If I feel the coin will have more value in the future, I don't sell it until then.  I don't know why their is this assumption that all miners are living "paycheck to paycheck" and have to sell every coin they mine just to eat the next day. 

Same here... Mining is a hobby... not a day job!

[pieterjanvh]

Great updates 

https://www.facebook.com/CryptoTrade

https://twitter.com/Crypto_Trade

Too bad they came so late... Most of the people will choose the withdrawal option now

[Jarod1231]

Great updates 

https://www.facebook.com/CryptoTrade

https://twitter.com/Crypto_Trade

What is that link they've posted on twitter? virustotal says its malware?

[pieterjanvh]

Great updates 

https://www.facebook.com/CryptoTrade

https://twitter.com/Crypto_Trade

What is that link they've posted on twitter? virustotal says its malware?

It's just a link to crypto-trade.com

[derBruchpilotPro]

Great updates 

https://www.facebook.com/CryptoTrade

https://twitter.com/Crypto_Trade

What is that link they've posted on twitter? virustotal says its malware?

They a using a trojan to get your local wallets tooo!!!!!


Just kidding

[Jmattes]

Diff 6 ^^

Dropping like hot cakes... something going on that I dont know about or is it due to the price the miners are bailing?
I mean heck more coins for me!

[Jarod1231]

Great updates 

https://www.facebook.com/CryptoTrade

https://twitter.com/Crypto_Trade

What is that link they've posted on twitter? virustotal says its malware?

It's just a link to crypto-trade.com

Oh... was hoping it was maybe a link to cash out lol

[digicoin]

UTC diff is low. Good signal for early adopters

[derBruchpilotPro]

Code:

2014-02-27 14:45 UTC { "proof-of-work" : 9.15578016, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 14:50 UTC { "proof-of-work" : 8.29020378, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 14:55 UTC { "proof-of-work" : 8.11346203, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 15:00 UTC { "proof-of-work" : 8.49063078, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 15:05 UTC { "proof-of-work" : 8.80161920, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 15:10 UTC { "proof-of-work" : 9.19339380, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 15:15 UTC { "proof-of-work" : 8.05896891, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 15:20 UTC { "proof-of-work" : 8.37926700, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 15:25 UTC { "proof-of-work" : 8.51080581, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 15:30 UTC { "proof-of-work" : 7.71393850, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 15:35 UTC { "proof-of-work" : 8.23905647, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 15:40 UTC { "proof-of-work" : 9.23798679, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 15:45 UTC { "proof-of-work" : 8.55972151, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 15:50 UTC { "proof-of-work" : 9.02682065, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 15:55 UTC { "proof-of-work" : 9.41812605, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 16:00 UTC { "proof-of-work" : 8.57006686, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 16:05 UTC { "proof-of-work" : 7.32619940, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 16:10 UTC { "proof-of-work" : 7.64379824, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 16:15 UTC { "proof-of-work" : 7.98995693, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 16:20 UTC { "proof-of-work" : 7.51725294, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 16:25 UTC { "proof-of-work" : 8.04651132, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 16:30 UTC { "proof-of-work" : 7.40762850, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 16:35 UTC { "proof-of-work" : 8.83896678, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 16:40 UTC { "proof-of-work" : 9.19413442, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 16:45 UTC { "proof-of-work" : 9.72723441, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 16:50 UTC { "proof-of-work" : 9.89461330, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 16:55 UTC { "proof-of-work" : 8.42946829, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 17:00 UTC { "proof-of-work" : 7.96795144, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 17:05 UTC { "proof-of-work" : 7.19693093, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 17:10 UTC { "proof-of-work" : 7.69942037, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 17:15 UTC { "proof-of-work" : 8.18710186, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 17:20 UTC { "proof-of-work" : 8.52105050, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 17:25 UTC { "proof-of-work" : 8.55230801, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 17:30 UTC { "proof-of-work" : 9.63052385, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 17:35 UTC { "proof-of-work" : 9.00126352, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 17:40 UTC { "proof-of-work" : 9.13731494, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 17:45 UTC { "proof-of-work" : 8.14847086, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 17:50 UTC { "proof-of-work" : 8.31253255, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 17:55 UTC { "proof-of-work" : 8.27139428, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 18:00 UTC { "proof-of-work" : 7.77189298, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 18:05 UTC { "proof-of-work" : 7.32017383, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 18:10 UTC { "proof-of-work" : 8.20135782, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 18:15 UTC { "proof-of-work" : 8.95989746, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 18:20 UTC { "proof-of-work" : 8.51469330, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 18:25 UTC { "proof-of-work" : 8.34492367, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 18:30 UTC { "proof-of-work" : 8.17468740, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 18:35 UTC { "proof-of-work" : 8.36386098, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 18:40 UTC { "proof-of-work" : 9.49313971, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 18:45 UTC { "proof-of-work" : 9.11451987, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 18:50 UTC { "proof-of-work" : 9.63282967, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 18:55 UTC { "proof-of-work" : 8.35110047, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 19:00 UTC { "proof-of-work" : 8.09366423, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 19:05 UTC { "proof-of-work" : 7.55808118, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 19:10 UTC { "proof-of-work" : 6.82799333, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 19:15 UTC { "proof-of-work" : 6.12873553, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 19:20 UTC { "proof-of-work" : 6.56592910, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 19:25 UTC { "proof-of-work" : 7.41233480, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 19:30 UTC { "proof-of-work" : 6.56162514, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 19:35 UTC { "proof-of-work" : 6.13862038, "proof-of-stake" : 0.00024414, "search-interval" : 1 }
2014-02-27 19:40 UTC { "proof-of-work" : 6.43297963, "proof-of-stake" : 0.00024414, "search-interval" : 1 }

Thats the my log about the DIFF, I guess Blackcoin is our competitor ATM.

[red5standingby]

+1 funsponge, +1 cointradero

I mine and I trade. UTC is a long term hold for me until it's time to sell. Now is not that time to sell. I've noticed some big miners dropping from the pools. I might as well mine doge, karma or some shit like that (even ftc) if my intention was to pump and dump. UTC is not a pump and dump coin. I believe that. Certainly there are those that have different opinions, some based on experience, some based on goals etc. That's all cool. At the moment funds are low for me, yes I was goxxed, actually my funds are nil. I will not stop mining utc though. It kills me to think of doing so. I have been trading it in small quantities. One thing I have learned (I started mining in winter of 2013, trading in fall of 2013) is that crypto is not for the faint of heart. This all really sucks. Hey, whatever doesn't kill you makes you stronger.

UTC Strong!

[Jmattes]

Thats the my log about the DIFF, I guess Blackcoin is our competitor ATM.

^^ What is this black coin you speak of?

[derBruchpilotPro]

Thats the my log about the DIFF, I guess Blackcoin is our competitor ATM.

^^ What is this black coin you speak of?

Forget it, keep mining UTC.

[Halofire]

I have confidence that I will get my $16k worth of UTC back from C-T. But I won't be using there exchange again once I have them safely in my wallet. Their lack of communication has lost all my trust in them. A daily update would have taken them 1-2 minutes to compose. I understand they need to address their security but been honest with your customers is paramount & im afraid they have fallen well short unfortunately.

WOW, already 3 stakeholders worth 100k UTC each who deposited their bags on an exchange while being fully committed to UTC stability and price increase and blah blah blah?? -Excuse me guys but I think I would not let my coins staying for too long on an exchange especially if I pretend myself being a stakeholder. You obviously did not learn anything from gox recently, now did you?

so, 100k UTC that were most likely acquired for 5 BTC each bag and sold around 16-20k = 28 BTC. You must be really depressed to sell only with a less than 6 multiplication factor. I thought you would at least wait for 20-100 before selling out... Gee this is depressing.

These are signs like those which show that the coin itself has no real future besides a perpetual FTC-like pump and dump scheme, unless of course you could prove me wrong with some good sugar coated declaration of intent I'm going to swallow like kool aid. Come on...

No worries you will recover your funds rapidly, but let's appreciate you crying fool before for the priceless show it represents.

Why I am still mining and bagholding thousands of these things btw? -I'm just wondering.

Well, despite feeling about the same as you as far as the stakeholder issues go, You can either sell low now, or wait for the percentage of coins purchased at .00005 to be a dilute % of the total coins, which should result in a higher value as the rest will have been obtained at significantly higher prices.  I haven't been thrilled with the promise of progress either when community members seem to be shouldering the bulk of the work, but to that regard, I think they've been doing a good job of it.  

I had harped about the explanation of PoS not being clear many times, but after reading the code and realizing that they literally meant you can't move your coins for one year before they can be staked for PoS mining, I wish they would consider changing their PoS implementation to encourage more short-term holding of the coin.  If staked coins could generate interest every month instead of every year, more people would be inclined to hold, which would also increase the price creating a positive feedback loop.  As is right now, most altcoins haven't even been around a year and it's anyone's guess whether support will still exist for any given coin a year from now.  The PoS component maybe should have it's own N-type factor implementation where the interest period is extended to longer durations as the coin ages.  

That's a complete tangent from what you were talking about, but I understand your frustration but I am willing to bet selling now isn't in your best interests.  

The coin age is a year?? gtfo. gains by day-trading and trading on pumps and dumps far outweigh any interest gained. Small measure of success, unless you are a huge bagholder, when trading is no longer an option cuz bagholders only create walls, intentional or not.

[derBruchpilotPro]

No I meant, how does it actually work? Does poloniex pick randomly a winner or?


About donations, not a bad time, I'm just sayiing many of us don't have any utc to spare, but if you find volunteers then great.

No there is a giveaway button, we can say every User can have 1 UTC from the giveaway. Thats locked to IP/Username
I guess.

If there are some volunteers to help me, say YEEEHHH, will help!


I will start this before, so everybody can see the giveaway on poloniex to proof I'm not a scammer.

But it would be nice to see that I've support here before I write the mail to poloniex.

SxC and red5standingby are on board, anyone else?

[Dataroth]

I can help.  How much is needed or voluntary?

[derBruchpilotPro]

I can help.  How much is needed or voluntary?

Its voluntary, would help if everyone writes how much he's willing to donate.

[Dataroth]

I can help.  How much is needed or voluntary?

Its voluntary, would help if everyone writes how much he's willing to donate.

Well I can throw in 50 UTC.