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

[SxC]

I created a ticket on BTC-e yesterday, asking them if they plan to add Ultracoin. This is their response:

Good day, yet do not plan to add.

1. Great English
2. They didn't just say no, like they do with almost every other coin I know of?

Should this say "good day, we dont plan to add"?


If so that's not great news :-(
Would it help if we all emailed them asking for it to be added? its a long shot i know as they only have a few coins listed, worth a try!?

spam their twitter

[pieterjanvh]

I created a ticket on BTC-e yesterday, asking them if they plan to add Ultracoin. This is their response:

Good day, yet do not plan to add.

1. Great English
2. They didn't just say no, like they do with almost every other coin I know of?

Should this say "good day, we dont plan to add"?


If so that's not great news :-(
Would it help if we all emailed them asking for it to be added? its a long shot i know as they only have a few coins listed, worth a try!?

Well the important word here is "yet". If u look through the forums and see other coins that contacted BTC-e, they had a simple no as reply...

[Dataroth]

spam their twitter

Is that code for something?  Like Google their Yahoo?

[pieterjanvh]

spam their twitter

Is that code for something?  Like Google their Yahoo?

Hahaha

[SxC]

spam their twitter

Is that code for something?  Like Google their Yahoo?

It's code for Dump UTC before it's to late

[dcgirl]

About the store yesterday, what kind of products do we/dcgirl want to sell?


Does anyone know www.banggood.com? No its not a porn site

Its a chinese webshop with a really broad product line, they also have interesting wholesale options, there are much e-Bay resellers using that.
I've ordered there many times and had always a good experience and communication with them, maybe their products could be sold by the UTC-Store?
Would be the first customer, its one of the cheapest source for Arduino/Quadcopter/LED things


Second idea would be USB-Sticks with SMOS/BAMT preinstalled for mining UTC and mining hardware like powered riser cables,
that would be at leased things people would need here.

I received a number of PMs yesterday with ideas:

1. Image hosting/sale - this would be the easiest, but most costly to implement (because of hosting fees). Nice because it would be all online (no shipping product), user to user. I'm thinking about approaching various existing image hosting sites to see if they'd be interested in accepting UTC as a payment option.

2. Auctions - not hard to implement, but several existing crypto auction sites have shut down recently, seems risky.

3. User to user marketplace - also not hard to implement.

4. Traditional retail marketplace - best long-term option, need to figure out supply chain piece, would need a lot of day-to-day support. I'd do this if someone was willing to take over that part of it (deal with suppliers and provisioning/shipping), split the fees.

5. Specialized marketplace - this could be anything - the idea of selling "preconfigured" miners for UTC would be a great idea. Easy to implement, would need to partner with someone that could provide the miners.

6. Buy UTC direct online, without using an exchange

Other things to figure out - pricing: price for product in UTC (time of sale, daily average, etc.); other coins to accept (UTC only, discount for UTC, BTC, etc.); how to handle returns (I don't even want to think about that).

[bumface]

About the store yesterday, what kind of products do we/dcgirl want to sell?


Does anyone know www.banggood.com? No its not a porn site

Its a chinese webshop with a really broad product line, they also have interesting wholesale options, there are much e-Bay resellers using that.
I've ordered there many times and had always a good experience and communication with them, maybe their products could be sold by the UTC-Store?
Would be the first customer, its one of the cheapest source for Arduino/Quadcopter/LED things


Second idea would be USB-Sticks with SMOS/BAMT preinstalled for mining UTC and mining hardware like powered riser cables,
that would be at leased things people would need here.

I received a number of PMs yesterday with ideas:

1. Image hosting/sale - this would be the easiest, but most costly to implement (because of hosting fees). Nice because it would be all online (no shipping product), user to user. I'm thinking about approaching various existing image hosting sites to see if they'd be interested in accepting UTC as a payment option.

2. Auctions - not hard to implement, but several existing crypto auction sites have shut down recently, seems risky.

3. User to user marketplace - also not hard to implement.

4. Traditional retail marketplace - best long-term option, need to figure out supply chain piece, would need a lot of day-to-day support. I'd do this if someone was willing to take over that part of it (deal with suppliers and provisioning/shipping), split the fees.

5. Specialized marketplace - this could be anything - the idea of selling "preconfigured" miners for UTC would be a great idea. Easy to implement, would need to partner with someone that could provide the miners.

Other things to figure out - pricing: price for product in UTC (time of sale, daily average, etc.); other coins to accept (UTC only, discount for UTC, BTC, etc.); how to handle returns (I don't even want to think about that).

i think a simple route would be best, such as a peer to peer item selling platform.where you are able to select a distance range aswell. basicly ebay for utc but small.

[Mikebeav3r]

Well....I've stuck a buy order in so I can have a decent amount of these things lying about, not as many as I hold of some other coins, but I fully expect this to gain in value over the coming months, and those dumping it now are being silly, I can understand why, there are bills etc to pay, but it is just SOOOOO cheap right now it's worth investing in, plus my miners are better off mining something more profitable, selling those to cover the electricity and using the rest to stock pile UTC

[Protagonus]

I received a number of PMs yesterday with ideas:

1. Image hosting/sale - this would be the easiest, but most costly to implement (because of hosting fees). Nice because it would be all online (no shipping product), user to user. I'm thinking about approaching various existing image hosting sites to see if they'd be interested in accepting UTC as a payment option.

2. Auctions - not hard to implement, but several existing crypto auction sites have shut down recently, seems risky.

3. User to user marketplace - also not hard to implement.

4. Traditional retail marketplace - best long-term option, need to figure out supply chain piece, would need a lot of day-to-day support. I'd do this if someone was willing to take over that part of it (deal with suppliers and provisioning/shipping), split the fees.

5. Specialized marketplace - this could be anything - the idea of selling "preconfigured" miners for UTC would be a great idea. Easy to implement, would need to partner with someone that could provide the miners.

6. Buy UTC direct online, without using an exchange

Other things to figure out - pricing: price for product in UTC (time of sale, daily average, etc.); other coins to accept (UTC only, discount for UTC, BTC, etc.); how to handle returns (I don't even want to think about that).

My vote would be # 4. / and 5.

There are several other coins that have tried auctions and it just doesn't work.  I'm sure someone would buy a 486 processor for UTC, but it's hard to get good products listed.

   If doing a traditional store, as I mentioned;  you could easily import certain items, buy certain items on ebay and even have special items acquired during certain superstore sales.   Possibly you could conduct a survey of items people would wish to purchase, but most likely you would have to be able to maintain none to minimal stock.  There are many things out of china that can be bought in small lots; which have a decent mark-up in the states.
    A small example is the little cigarette lighter USB plug-ins.   You see these a lot in the States at gas stations and such for 4-5 dollars;  delivered from china these are about 1.40.  Solar panels, batteries, chargers, inverters and many other things can be purchased like this I suppose.   

   Many people on Ebay currently purchase items on sale at superstores like newegg.  These are sometimes 20-30% off normal price.   There are quite a few powersellers on ebay that, list these same items @ newegg price after the sale is over.  This would allow "special" items to be listed in a market;  camera, PC component, audio, etc. 

   You could have no stock and just drop ship items; however that would limit price, location and possibly delivery times.  As well, you would need to find 2-3 distributors willing to sell single quantities.  Worst case you'd have to buy lowest retail price, but again limits volume relative to pricing.

dunno, just thoughts

[azerbaidjan]

Well....I've stuck a buy order in so I can have a decent amount of these things lying about, not as many as I hold of some other coins, but I fully expect this to gain in value over the coming months, and those dumping it now are being silly, I can understand why, there are bills etc to pay, but it is just SOOOOO cheap right now it's worth investing in, plus my miners are better off mining something more profitable, selling those to cover the electricity and using the rest to stock pile UTC

This is also why I littered the orderbook with very low (who said mean?) orders.
I'd like to buy on the cheap, so please make it even more cheaper for me.
Fight for the lowest prices: The more I'll get, the better it'll be.

Feel free to dump my friends.

Much luvv
xoxox

[dcgirl]

My vote would be # 4. / and 5.

There are several other coins that have tried auctions and it just doesn't work.  I'm sure someone would buy a 486 processor for UTC, but it's hard to get good products listed.

   If doing a traditional store, as I mentioned;  you could easily import certain items, buy certain items on ebay and even have special items acquired during certain superstore sales.   Possibly you could conduct a survey of items people would wish to purchase, but most likely you would have to be able to maintain none to minimal stock.  There are many things out of china that can be bought in small lots; which have a decent mark-up in the states.
    A small example is the little cigarette lighter USB plug-ins.   You see these a lot in the States at gas stations and such for 4-5 dollars;  delivered from china these are about 1.40.  Solar panels, batteries, chargers, inverters and many other things can be purchased like this I suppose.   

   Many people on Ebay currently purchase items on sale at superstores like newegg.  These are sometimes 20-30% off normal price.   There are quite a few powersellers on ebay that, list these same items @ newegg price after the sale is over.  This would allow "special" items to be listed in a market;  camera, PC component, audio, etc. 

   You could have no stock and just drop ship items; however that would limit price, location and possibly delivery times.  As well, you would need to find 2-3 distributors willing to sell single quantities.  Worst case you'd have to buy lowest retail price, but again limits volume relative to pricing.

dunno, just thoughts

You're right on all of this. I'm not able to run something like this on a day-to-day basis - I can build a site and maintain it, but don't have time to deal with sourcing and delivering product (I also have a company I need to run). So if anyone is interested in partnering on something like this, let me know. (I really haven't made any decisions yet, though, just thinking out loud. I really appreciate all of the help you all are giving).

[bumface]

My vote would be # 4. / and 5.

There are several other coins that have tried auctions and it just doesn't work.  I'm sure someone would buy a 486 processor for UTC, but it's hard to get good products listed.

   If doing a traditional store, as I mentioned;  you could easily import certain items, buy certain items on ebay and even have special items acquired during certain superstore sales.   Possibly you could conduct a survey of items people would wish to purchase, but most likely you would have to be able to maintain none to minimal stock.  There are many things out of china that can be bought in small lots; which have a decent mark-up in the states.
    A small example is the little cigarette lighter USB plug-ins.   You see these a lot in the States at gas stations and such for 4-5 dollars;  delivered from china these are about 1.40.  Solar panels, batteries, chargers, inverters and many other things can be purchased like this I suppose.  

   Many people on Ebay currently purchase items on sale at superstores like newegg.  These are sometimes 20-30% off normal price.   There are quite a few powersellers on ebay that, list these same items @ newegg price after the sale is over.  This would allow "special" items to be listed in a market;  camera, PC component, audio, etc.  

   You could have no stock and just drop ship items; however that would limit price, location and possibly delivery times.  As well, you would need to find 2-3 distributors willing to sell single quantities.  Worst case you'd have to buy lowest retail price, but again limits volume relative to pricing.

dunno, just thoughts

You're right on all of this. I'm not able to run something like this on a day-to-day basis - I can build a site and maintain it, but don't have time to deal with sourcing and delivering product (I also have a company I need to run). So if anyone is interested in partnering on something like this, let me know. (I really haven't made any decisions yet, though, just thinking out loud. I really appreciate all of the help you all are giving).

making it peer to peer is much less work to maintain then an actual store selling products.....i think this is the route to go...

i think we should integrate a user that is UTC official.....then we can offer things like the usb stick somebody suggested.....i will then source these things or other partners.... then "the house" can offer products, and the profit go to benefit the development of utc

[Jarod1231]

I still don't understand why some people are freaking out about the price right now... 2BTC and you could wipe out the sell side up to almost 15000

[derBruchpilotPro]

About the store yesterday, what kind of products do we/dcgirl want to sell?


Does anyone know www.banggood.com? No its not a porn site

Its a chinese webshop with a really broad product line, they also have interesting wholesale options, there are much e-Bay resellers using that.
I've ordered there many times and had always a good experience and communication with them, maybe their products could be sold by the UTC-Store?
Would be the first customer, its one of the cheapest source for Arduino/Quadcopter/LED things


Second idea would be USB-Sticks with SMOS/BAMT preinstalled for mining UTC and mining hardware like powered riser cables,
that would be at leased things people would need here.

I received a number of PMs yesterday with ideas:

1. Image hosting/sale - this would be the easiest, but most costly to implement (because of hosting fees). Nice because it would be all online (no shipping product), user to user. I'm thinking about approaching various existing image hosting sites to see if they'd be interested in accepting UTC as a payment option.

2. Auctions - not hard to implement, but several existing crypto auction sites have shut down recently, seems risky.

3. User to user marketplace - also not hard to implement.

4. Traditional retail marketplace - best long-term option, need to figure out supply chain piece, would need a lot of day-to-day support. I'd do this if someone was willing to take over that part of it (deal with suppliers and provisioning/shipping), split the fees.

5. Specialized marketplace - this could be anything - the idea of selling "preconfigured" miners for UTC would be a great idea. Easy to implement, would need to partner with someone that could provide the miners.

Other things to figure out - pricing: price for product in UTC (time of sale, daily average, etc.); other coins to accept (UTC only, discount for UTC, BTC, etc.); how to handle returns (I don't even want to think about that).

Cool, many good things here.

I thing auctions are risky for booth sides, seller/buyer, cause of the high volatility.
A retail shop could easily use the current exchange rate so the business risk is minimal.

The banggood wholesales includes dropshipping, if you want with your logo as I know, the good thing with this is that you have minimal effort: no packaging/shipping

Downside is, shipping could take some time, I wait usually 2-3 weeks.
The most things I buy there are not worth to be returned if they are crap. (Wouldn't send a defective 3€ Arduino back to china)

With a selected product line, the risk of returns could be greatly minimized.

There should be other retailers/wholesales sites then banggood, but they are the only one I know.

A example of a Webshop this kind is http://www.giga-shop.com/ located in the czech republic as I know.

 

[red5standingby]

azerbaidjan, Please initial all your buy orders so I can stack mine around them.  

[PaulR1]

Bumface, don't tell anything about negotiations. Just get this coin to btc-e and everything will be ok 

One month later...       

Two months later... still no big exchange   

Three months later...  I can still not tell you guy's, still in secret negotiations   

Five months later...  noop... nothing yet or can not tell you about it   

Six months later...    sorry guy's very, very, very sorry           



Just a joke Bumface

LOL

[Protagonus]

You're right on all of this. I'm not able to run something like this on a day-to-day basis - I can build a site and maintain it, but don't have time to deal with sourcing and delivering product (I also have a company I need to run). So if anyone is interested in partnering on something like this, let me know. (I really haven't made any decisions yet, though, just thinking out loud. I really appreciate all of the help you all are giving).

Heh, if I didn't already have my fill of retail already;  I would be inclined to help on the purchasing.  From this perspective though, whoever is runs acquisition;  would need a DBA or LLC.  

- Another thing to consider from a sales point of view is maybe; small value high volume items only.  Thermal compound, risers, cheap memory etc.  Things that may be purchased on a smaller interim, that could allow for an overall limited stock.  


*As well, I just had another thought.....possibly the best solution if practical.  

What about this;

 Don't setup a store, setup a "sales portal" (tm)

What you could do then, is have this "portal" connected to a store that already accepts BTC (newegg, tiger etc).   However this can work just the same with Dollars.   If a customer wishes to make a purchase from newegg, but with UTC;  they would come to the UTC sales portal.  They could enter the item number on the portal site / or the page listing from said store.  The portal would then get the purchase price from the store (newegg) and compare that to UTC price.   A few percent could be added for the service of course.  The customer could then just see the UTC price of the item they added to the portal.   The actual purchase would be made in the sales portal and would just need to have details and address inputted to the originating store.

I'm not a site designer, but it would seem possible if not fairly simple to do this method.   This would eliminate all purchasing, stocking, overhead etc.  issues;  while at the same time, offering a low price.  


EDIT:

making it peer to peer is much less work to maintain then an actual store selling products.....i think this is the route to go...

i think we should integrate a user that is UTC official.....then we can offer things like the usb stick somebody suggested.....i will then source these things or other partners.... then "the house" can offer products, and the profit go to benefit the development of utc

This sounds very similar to the "level" of market being discussed.  I don't think anyone is considering a brick and mortar store.  Really it would be a couple people getting products to offer.  So, it would be (I believe) very similar to what you describe.


If we do more peer items;  I do have about 30 riser cables brand new.  I imagine I could come off a few or 20  

[azerbaidjan]

azerbaidjan, Please initial all your buy orders so I can stack mine around them.  

I'm afraid you'll have to be more expensive than me to get dem cheap coinz first.
That's gonna be sad for me who was dreaming things like: "can I has dem cheap coinz?"

I'm gonna hate you if you take everything down the drain before it trickles down in my happy wallet, this is why I put some more orders in the queue at various levels... I also do not want to hate you because I'm so charitable & generous & bent on helping out other poor miners or traders who want to dump huge quantities at low prices.

In the meantime I struck gold with my rig:
2 shares for one entire block: 2 shares and I got 50 UTC at once, wow such many coins!!
Pay dirt!!!

I can only dream of very much coins, he he.

Can I has very rich?

[Mikebeav3r]

I had a nice run at solo mining before the latest N change, was getting on average 4 blocks a day for about 5 days, some a little less and some a little more, then the change happened and I didn't get owt after that, so done pool mining for a bit, but I just can not get them set up properly, and at the minute, it is working out better to mine Alt's and buy UTC

[Jarod1231]

LOL AUR scam crashing hard, UTC gonna go up