vgolitsyn
Newbie
 Offline
Activity: 42
Merit: 0
|
 |
October 28, 2014, 01:22:48 PM |
|
Hello community,
Just a friendly update, want to let everyone know that tech development is well underway. The press releases are already done and we are finishing up on the anon and proxy service, working on a brief whitepaper and infographic also.
Thank you,
UtilityCoin Team
Basically this means no updates have been done.. All of the other coins have seen nice progression yet UTIL has yet to deliver. The price is still being suppressed. A decent floor has yet to be put in place.. Maybe it's time to reprogram the bot? This concept of VPN coin as been done. I guess the Chinese beat us to it. Regards >4EX< |
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
TiberiuC
|
|
October 28, 2014, 01:44:00 PM |
|
.
|
|
|
|
|
blackbird307
Full Member
Offline
Activity: 238
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
|
|
October 28, 2014, 04:37:39 PM |
|
I bought at 17k lollllllll
|
|
|
|
|
Zer0p0inT
|
|
October 29, 2014, 03:12:07 AM |
|
FFS, every announcement the devs have given so far have been nothing but words and delayed promises. If the mid october release has been delayed this long, I wonder how long the november releases will be delayed. I guess I buy more coins under 6000 and probably under 5000. If it wasnt for the blocknet, how many of us would have dumped this shit by now?  |
SHITCOINS ARE THE FUTURE
|
|
|
kahir
Legendary
Offline
Activity: 1050
Merit: 1000
|
|
October 29, 2014, 06:50:12 AM |
|
blocknet ICO starts tommrow ... u can buy it with util for a 10% lower than btc ... probbaly gonna see some price changes
|
|
|
|
|
utilitycoin (OP)
Newbie
Offline
Activity: 56
Merit: 0
|
|
October 29, 2014, 11:38:18 AM |
|
FFS, every announcement the devs have given so far have been nothing but words and delayed promises. If the mid october release has been delayed this long, I wonder how long the november releases will be delayed. I guess I buy more coins under 6000 and probably under 5000. If it wasnt for the blocknet, how many of us would have dumped this shit by now? Our project has been reviewed by others in Blocknet and I assure you it is not just words. Concrete updates will be this week. |
|
|
|
|
STEALTHMODE
Sr. Member
Offline
Activity: 329
Merit: 250
No TX Fees #JustRaiBlocks
|
|
October 29, 2014, 01:05:58 PM |
|
FFS, every announcement the devs have given so far have been nothing but words and delayed promises. If the mid october release has been delayed this long, I wonder how long the november releases will be delayed. I guess I buy more coins under 6000 and probably under 5000. If it wasnt for the blocknet, how many of us would have dumped this shit by now? Our project has been reviewed by others in Blocknet and I assure you it is not just words. Concrete updates will be this week. :DVery Nice to hear! Hopefully somethings from the roadmap will be accomplished? |
|
|
|
|
|
friendfromnobody
|
|
October 29, 2014, 01:22:32 PM |
|
why will people buy this coin??
no update ,the price going down ,
and it looks like ,blocknet is THE COIN and the other 7 from blocknet are the small ones that will do nothing .
so util is nothing
|
|
|
|
|
|
Edraket31
|
|
October 29, 2014, 01:24:42 PM |
|
why will people buy this coin??
no update ,the price going down ,
and it looks like ,blocknet is THE COIN and the other 7 from blocknet are the small ones that will do nothing .
so util is nothing
much butthurt? they want us quiet,so they can work at there new coin. util ,if crypt will not fly 15 onctober we can fud UTIL  good luck |
|
|
|
|
friendfromnobody
|
|
October 29, 2014, 01:28:41 PM |
|
why will people buy this coin??
no update ,the price going down ,
and it looks like ,blocknet is THE COIN and the other 7 from blocknet are the small ones that will do nothing .
so util is nothing
much butthurt? they want us quiet,so they can work at there new coin. util ,if crypt will not fly 15 onctober we can fud UTIL good luck i dont fud ,look at the price lol |
|
|
|
|
|
EdvinZ
|
|
October 29, 2014, 01:33:04 PM |
|
Cruel Scam...
|
|
|
|
|
Edraket31
|
|
October 29, 2014, 01:39:19 PM |
|
i dont fud ,look at the price lol
No fud? Dev announced a few posts back that updates will follow this week and you are saying "no updates" Price going down is because of bots suppressing so that stop losses get hit or the weak hands sell. learn to read the orderbooks pls |
|
|
|
|
friendfromnobody
|
|
October 29, 2014, 01:49:49 PM |
|
i dont fud ,look at the price lol
No fud? Dev announced a few posts back that updates will follow this week and you are saying "no updates" Price going down is because of bots suppressing so that stop losses get hit or the weak hands sell. learn to read the orderbooks pls update will follow so still no update  and people are not panic sell ,its prom that plays with the book and charts |
|
|
|
|
blackbird307
Full Member
Offline
Activity: 238
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
|
|
October 29, 2014, 09:38:02 PM
Last edit: October 29, 2014, 09:50:34 PM by blackbird307 |
|
Looks like we're going to 1k  Whale shake out phase. Sell now buy lower. |
|
|
|
loges
Sr. Member
Offline
Activity: 308
Merit: 250
Super Smash Bros. Ultimate Available Now!
|
|
October 29, 2014, 09:40:22 PM |
|
Looks like we're going to 1k Apparently you haven't been watching all the orders buying the dip. They aren't trying to hold it up, they are trying to buy as many as low as they can. Price means nothing right now |
|
|
|
|
blackbird307
Full Member
Offline
Activity: 238
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
|
|
October 29, 2014, 09:51:03 PM |
|
Looks like we're going to 1k Apparently you haven't been watching all the orders buying the dip. They aren't trying to hold it up, they are trying to buy as many as low as they can. Price means nothing right now Some of those are mine for sure |
|
|
|
|
NSA360
|
|
October 29, 2014, 10:55:46 PM |
|
why will people buy this coin??
no update ,the price going down ,
and it looks like ,blocknet is THE COIN and the other 7 from blocknet are the small ones that will do nothing .
so util is nothing
much butthurt? they want us quiet,so they can work at there new coin. util ,if crypt will not fly 15 onctober we can fud UTIL good luck i dont fud ,look at the price lol UTIL story <=> CRYPT story |
|
|
|
|
|
NSA360
|
|
October 29, 2014, 11:06:58 PM |
|
|
|
|
|
|
blackbird307
Full Member
Offline
Activity: 238
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
|
|
October 30, 2014, 01:43:07 AM |
|
This Friend guy is always wrong. Everytime.
|
|
|
|
utilitycoin (OP)
Newbie
Offline
Activity: 56
Merit: 0
|
|
October 30, 2014, 03:07:34 AM |
|
http://utilitycoin.net/utillogo_text.pngUpdate 10/30/2014
Utility coin has made itself at home with Blocknet members and we have been welcomed with overwhelming support from all members on the project. Were sorry for the prolonged period of silence, we prioritized the completion of one of our primary goals. Today marks a leap forward for Utility coin and a step further toward meeting the implications of it’s name.
We have recognized the demand for privacy and we have fulfilled the need. Utilities anonymous transaction system is completed and in the process of being released to the public for their use. It is an entirely new system, that incorporates proven techniques in the anonymization of transactions with new methods that gain the end user added security.
This anonymous transaction system update is a mere fraction of what is currently in development with our project as new relationships are formed through our participation with blocknet members. Blocknet has no shortage of brilliance and the desire to share wisdom is strong.
UtilityCoin is proud to be part of the Blocknet team and we are actively working together with the developers of these coins:
http://utilitycoin.net/xcash.png http://utilitycoin.net/xc.png
http://utilitycoin.net/Fibre.jpeg http://utilitycoin.net/bitswift.png
http://utilitycoin.net/stealthcoin.png http://utilitycoin.net/nexthorizon.png
We are working together to integrate the following features into Utility via BlockNet:
Decentralized open source exchange
Open source ATM software for low cost do-it-yourself ATMs
Convenient merchant services integration
http://utilitycoin.net/utilwallet.jpg
UtilityCoin Anonymous Transactions with New Wallet
To be released within 24-48 hours on 100% successful testing completion.
Anon Summary Whitepaper
Privacy is a core value in a free society. It protects our individuality, and allows us to do what we feel is right, regardless of outside factors. Those who rule often ask us to give up some of our privacy, in order to make us safer. While this may in fact give some temporary results, the long term effects can be devastating. It has been well documented that people act differently under observation2, which the media sells us as a good thing34. Consider that money controls many decisions we make in life, how would you feel if you knew every transaction you made was being monitored? Bank notes are a great solution if they are backed by assets, but restrict you to local purchases only. Economic freedom can only be achieved if your transactions are done privately, which will be discussed throughout this document.
Utility Coin proposes anonymous transactions using a series of master nodes connected to a proxy cluster. Each master node will require an investment of 2500 coins to operate. Investors will not only secure the network by staking these coins, additional revenue will be rewarded on a per-transaction basis for being a master node. These nodes will populate a ‘basin’ fund, which is a collection of end user transactions, which they will use to randomly fulfill requests to send coins. Coins could arrive from multiple addresses, at short random intervals, as multiple nodes will receive instructions over the proxy cluster in the form of encrypted keys. A quick accounting phase will ensure that each master node is reimbursed, again in a random fashion. In order to thwart attempts to ‘trace back’ transactions, the nodes will partially fulfill bigger orders to look like other smaller transactions, which will make it nearly impossible to find the real destination.
A quick example:
Ali wants to transfer Stephen 100 Utility Coins, he chooses to do this anonymously from his wallet and clicks send.
Coins are sent to one of the basin funds, which then send out an encrypted key telling the master nodes to create a new Utility Coin address, and randomly send small portions of coins to Stephen’s wallet.
Master nodes are now told to partially fulfill larger orders with 100 coins, making it look like Ali’s coins are going elsewhere.
While a few orders are fulfilled that look like Ali’s transaction, his order is fulfilled randomly by a few more master nodes and Stephen receives his coins. This phase may take a few minutes depending on how many orders are circulating at the time. Keep in mind that this order will not be the last one to look like a 100 coin transaction.
The final accounting phase is executed and master nodes are compensated for their work.
Future development into decentralization, and mixing coins with other BlockNET mixing services is being discussed. In order to implement this system into BlockNET’s vision of shared resources over multiple blockchains, a layer will be required to sit on top of many coin projects.
In sum, Utility Coin is proud to release this core piece of functionality. Keeping true to the core foundations of Cryptocurrency, we believe this will allow end users to conduct transactions in an anonymous fashion. We plan to bring value to this project by releasing more functionality like this. Please keep in mind the community is our target audience, people who share these core principles, not corporate shareholders. Further development of this anonymous system may take place. If you have any questions, or would like to contribute, please contact us. Download Whitepaper:http://utilitycoin.net/UtilAnonWhitepaper1029.pdf
The next planned feature closest to release is the HTTP/VPN proxy, however for further advancement in privacy, this will be a feature superior to current implementations of the tor anonymous system and will be useful to those who desire an additional layer of security. This is about 40% done, and whitepaper and infographics will come soon.
We are more driven to succeed on this project than we have ever been, we have the time, the resources, and the team to meet our goals, and the goals of our community. We have the perfect formula for success.
We look forward to your continued suggestions and we recognize that there are many enlightened individuals in our community. You can all play an incremental part in the thought process that drives the innovation of this market. Utility is a coin built upon the collaboration of others, a coin that strives for unification in a market so divided. We welcome all minds to continue with us as we march toward the future of commerce, the future of freedom, and the future of money.
http://utilitycoin.net/utilfooter.jpg |
|
|
|
|
|
