You really are still here - aren't you! I thought you had lost interest? Thats great you are still interested.
Its rather significant that after all this time (years in fact) that the very basic UTC is still fast and reliable - faster than the predominant BTC with almost 50% of market cap.
But what we are debating here is all just superfluous really.
The new Ultracoin will be lightening fast, super secure and have no capacity issues. Haha - I jest you not. The other top coins you allude to will be DEAD in the water on all counts of both qualitative and quantitative comparison.
So don't let us waste time talking about the current state of Ultracoin - which will change inextricably.
As I said - move on - or wait - up to you.
If you are still around here - We will assume you are in the "waiting" category.
Have a great day Beave162
Cheers - usukan
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How do you fix the capacity issues that Bitcoin has?
How "fast" do you think UltraCoin currently is exactly?
I think Beave162 has a valid point. Actually UTC is faster than the scrypt coins I use and than bitcoin, but can't tell anything about another coins like ETH and Ripple as an example. At the beginning of UTC we were told than it was ultrafast and that in 6 seconds a transaction was made, even a video of that was made, but when UTC was at its peak, I remember that transactions took more than that.
Then after the fork, some things changed, a minted coin couldn't been used before 70 confirmations, so even at 60 seconds, it taked a considerable amount of time to use it, unlike mined coins that could been used right after the 6 confirmations. And, to be honest, every scrypt coin I use can be used after 6 confirmations, even less if you choose the expend unconfirmed coin choice in settings.
Fast transactions had never been the best characteristic of UTC, it has been the cha-cha algorithm, but then again, is not the only coin with it. Only because of that, actually there is no mining hardware been developed for UTC (That I know). and that you can mine UTC with old tech GPUs.
Next fork, has to be a hell of a lot better than the original or forked UTC to really get the attention of markets, because there are to many good alternatives to BTC right now.
So, right now it is easy to solo mine UTC, it is very cheap, and it is very easy to mint it. WE ONLY NEED A POOL.
If you invest in it or not, well, those ones that hold for a long time, there is nothing to lose right now, even if you bought before the bubble of winter, you can't lose (less than 0.000001). But if you bought at December or January prices, your only hope is the announced fork.
So our only really "hope" of a higher price is that the new UTC really is a new kind of blockchain, without the restrictions of the actual ones. It is the only way UTC survives all other prospects of good alt-coins.
Can Dev team deliver that kind of tech? Well, I don't know who is the DEV team or what are they doing. So as I had said it before, is just a matter of "believing" or having "faith" on the words of someone, in this case, Usukan.
So if you are part of the UTC Religion, you shouldn't have any doubts, the fork would be delivered and you would be rich investing in UTC.
If you have UTC since long ago, nothing changes, your investment is at one of it lowest points, so any fork, is a chance to get back some of the money you invested, and if it really is a good new tech, you will recover and get your long awaited gains on UTC.
If you invested at peak prices of UTC in the winter, your only hope to get back your money is that the fork is a really good one. Or wait for the next Bitcoin bubble.
Finally, you can wait and hold or dump. Dumping right now, as Jarod1231 says in its own way, is not a good idea at these prices, but its your investment and your choice.
And remember that the UTC Dev team is not the only one looking for a new great tech for a cryptocoin, that is why I think Beave162 is close to UTC.
Well, the clock is ticking and time always go foward. Lets see what the future has for us.
