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Author Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!  (Read 946609 times)
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wanksta11
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January 15, 2014, 11:24:32 PM
 #141

You people are crazy if you think this coin will get to 1$ in the first month
jakiman
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January 15, 2014, 11:34:21 PM
 #142

When will the official website be available?

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January 16, 2014, 02:57:33 AM
 #143

Scrypt-jane coin and N factor is not even mentioned?

Not your keys, not your coins!
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January 16, 2014, 05:29:25 AM
 #144

why not limited people's maximum number on the presale?

such as no more than 3000? or 0.1 btc?

Your dreams are waiting to be realized.
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January 16, 2014, 06:19:33 AM
 #145

The direct BTC POS  seems innovation to me  Cheesy
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January 16, 2014, 07:15:34 AM
 #146

1.6 Million UTC or 800BTC at .00005BTC a piece? LOL
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January 16, 2014, 08:17:40 AM
 #147

The direct BTC POS  seems innovation to me  Cheesy

Yes. That way they will not walk out empty handed if lauch goes bad like many other alts before. Simple and effective way to get some money guaranteed.  Cheesy

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January 16, 2014, 09:15:38 AM
 #148

The direct BTC POS  seems innovation to me  Cheesy

Yes. That way they will not walk out empty handed if lauch goes bad like many other alts before. Simple and effective way to get some money guaranteed.  Cheesy

yeah we are not whales, we needed this guarantee.before this project i had 0.999 btc and 140 ltc.and i still had to pay off 2200 euro for the alpha scrypt asic (+tax and shipping)......

We needed to get btc right at the strart, my personal UTC selling goal is 10 dollars , and now i can wait 5 years if i have to.


also, we have some bitcoin extra now, so if there is a sudden expense in the future for UTC, we can take care of it immediately.

so when you see a new coin with this in the announcement "ABSOLUTELY NO PREMINE!!!"  Cheesy  , also realise they dont have a single cent when something goes wrong.

and sometimes they just put a gpu farm on their own coin right after they launch......(i have 1x msi r7950 and ziggy has 2 gpus or something)

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January 16, 2014, 10:34:09 AM
 #149

The direct BTC POS  seems innovation to me  Cheesy

Yes. That way they will not walk out empty handed if lauch goes bad like many other alts before. Simple and effective way to get some money guaranteed.  Cheesy

yeah we are not whales, we needed this guarantee.before this project i had 0.999 btc and 140 ltc.and i still had to pay off 2200 euro for the alpha scrypt asic (+tax and shipping)......

We needed to get btc right at the strart, my personal UTC selling goal is 10 dollars , and now i can wait 5 years if i have to.


also, we have some bitcoin extra now, so if there is a sudden expense in the future for UTC, we can take care of it immediately.

so when you see a new coin with this in the announcement "ABSOLUTELY NO PREMINE!!!"  Cheesy  , also realise they dont have a single cent when something goes wrong.

and sometimes they just put a gpu farm on their own coin right after they launch......(i have 1x msi r7950 and ziggy has 2 gpus or something)

I have nothing against what you do. It just that using PoS word for sold premine isnt exactly correct. Its still simple PoW coin. There is no direct interest payd from stake. Just a pure speculation that coin demand will be big enough to overcome supply and coin will be worth more than initial invested capital. Thats not PoS concept, thats lottery.

******  NB! The links below are affiliate - friend type links, which bring additional benefits both, to you and me  ******
Binance - Best Crypto Trading Platform          CoinBase - Fastest way from FIAT to Crypto
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January 16, 2014, 01:46:02 PM
 #150

   

bumface (OP)
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January 16, 2014, 01:51:26 PM
 #151

   




thank you!, they look great, we are goin to discuss them with our team and get back to you asap

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January 16, 2014, 02:06:43 PM
 #152

The direct BTC POS  seems innovation to me  Cheesy

Yes. That way they will not walk out empty handed if lauch goes bad like many other alts before. Simple and effective way to get some money guaranteed.  Cheesy

yeah we are not whales, we needed this guarantee.before this project i had 0.999 btc and 140 ltc.and i still had to pay off 2200 euro for the alpha scrypt asic (+tax and shipping)......

We needed to get btc right at the strart, my personal UTC selling goal is 10 dollars , and now i can wait 5 years if i have to.


also, we have some bitcoin extra now, so if there is a sudden expense in the future for UTC, we can take care of it immediately.

so when you see a new coin with this in the announcement "ABSOLUTELY NO PREMINE!!!"  Cheesy  , also realise they dont have a single cent when something goes wrong.

and sometimes they just put a gpu farm on their own coin right after they launch......(i have 1x msi r7950 and ziggy has 2 gpus or something)

I have nothing against what you do. It just that using PoS word for sold premine isnt exactly correct. Its still simple PoW coin. There is no direct interest payd from stake. Just a pure speculation that coin demand will be big enough to overcome supply and coin will be worth more than initial invested capital. Thats not PoS concept, thats lottery.


actually, ultracoin incorporates proof-of-stake code, as stated in the first post.
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January 16, 2014, 02:54:33 PM
 #153

why not limited people's maximum number on the presale?

such as no more than 3000? or 0.1 btc?

actually, ultracoin incorporates proof-of-stake code, as stated in the first post.

@keepwalking1234;  pretty obvious.  Wouldn't want 533 people all having the same chance of  a coin reward now would we?
Better, to have 10 or so coin holders to know for sure who gets the coins.

Then each holder (10) divide's coins among 10 wallets each; tag all the stakeholder coins as anonymous on the website and it would appear that there's 100 different holders.
I assume we will see something like this for the initial purchasers.  Gives comfort to those unaware, while maintaining control of reward.


On a side note:

....
And if every stakeholder decided to dump then the price will fall to its real value, and then we can move on in steady growth.My real priority is that those people get their investment back and make some profit, because i feel responsible for their BTC. When that is done then i can feel at ease and a healty market can form.

I vote this to be the worst and most damming sentence a Dev has ever made, in regards to their own coin.   Just wow!

So your main concern is that the pre-sale purchasers get to dump their coins and make profit!?  Then, and only then, a healthy market with real price can form?!

Surely I'm missing something here, right?

bumface (OP)
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January 16, 2014, 02:56:50 PM
Last edit: January 16, 2014, 03:07:39 PM by bumface
 #154

when a sentance starts with IF, that means that whatever i said is about that specific scenario. my real priority means, for this stage in our plan.i dont take accepting BTC lightly, so our concern at this point is making sure, stakeholders make a profit,since we are directly responsible for them...

when  a person buys UTC at a certain point and sells at another point, i am not directly responsible for their gain or loss.A smart trader will come out of a chrash un scaved,while a panic seller makes loss.


UTC will be a great succes but i wont make you a better trader, even bitcoin cant do that for you.

Kergekoin
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January 16, 2014, 03:08:56 PM
 #155

Please be so kind and share more details about PoS other than 3 letters in OP.
I understand that lots of people here are willing to buy big in a bag, but there are also many of us, who want to be sure that this pig is pink and healthy, before we invest our time and money in it.

******  NB! The links below are affiliate - friend type links, which bring additional benefits both, to you and me  ******
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Windscribe - The quickest and easyest way to secure and anonymize your internet traffic
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January 16, 2014, 03:11:15 PM
 #156

Please be so kind and share more details about PoS other than 3 letters in OP.

Lol, true. I don't understand that either.
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January 16, 2014, 03:38:14 PM
 #157

mac wallet is not syncing   Sad why why why
bumface (OP)
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January 16, 2014, 03:38:56 PM
 #158

mac wallet is not syncing   Sad

wallets have not been distributed, what are you talking about?Huh

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January 16, 2014, 04:42:30 PM
 #159

Please be so kind and share more details about PoS other than 3 letters in OP.

Lol, true. I don't understand that either.

to be more exact, ultracoin is a hybrid proof-of-work/proof-of-stake coin, whereby active nodes are involved in the mining of blocks if they hold utc.
this will give a strong incentive to a. hold coins and b. be an active node (e.g. have wallet open/running) on the network.

this means that, under certain circumstances, you may accrue 20% proof-of-stake interest per year on the coins you own.

a good source for more information is https://en.bitcoin.it/wiki/Proof_of_Stake
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January 16, 2014, 05:32:26 PM
 #160

1.6 Million UTC or 800BTC at .00005BTC a piece? LOL

I think you mean 80 btc, math off much.....

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