Bitcoin Forum

Hi All! Wanted to take a moment to let you know that we just launched the ziftrCOIN presale on December 9th. As of 4 PM EST today, we’ve sold over 3.3 million ziftrCOINs for roughly $450,000 or around 1,260 BTC. (https://www.ziftrcoin.com/presale/ (https://www.ziftrcoin.com/presale/))

We are really excited about all of the tools and apps we are developing over at ziftr and we hope you’ll come check out our site and learn more about what we’re doing!

Lets get right to it:

Many coins are released before there is a real use case for the coin. We are reversing this model, building in the use case for ziftrCOIN before it is even released. Each ziftrCOIN is essentially like a decentralized, digitally issued coupon redeemable on the ziftr merchant network for a guaranteed minimum of $1! In 2015, we will be giving away 300 million ziftrCOINs (limit of 100 per person) to incentivize people to try using cryptocurrency, in hopes to increase widespread adoption of the technology, both by consumers and by merchants.

By using ziftrCOINs as our way to introduce new people to cryptocurrency, we are hoping to create one seamless experience where people can play around, shop, and sell using all the different types of coins they want to, not just ziftrCOINs. We are building ziftrPAY, which is a set of APIs that allows retailers to accept both cryptocurrency (including bitcoin, litecoin, dogecoin, etc.) and credit cards for the same transaction without the merchant having to view or store the customer’s credit card information.
Since we are all about enabling users to use many coins, we have also developed a multicoin wallet we call ziftrWALLET (surprising I know) that is currently open for beta testing here.

ziftrCOIN itself also introduces some new ideas and technology into existing cryptocurrency. It's all laid out in our white paper if you want the detailed technical information. The short version is that we have some features designed to prevent large mining pools and to keep our coins decentralized. We're also guaranteeing that ziftrCOINs can be redeemed for a minimum of $1 in Ziftr’s retailer network.

Highlights about the Presale

-   The presale began on December 9th and runs until January 23rd or until the coins run out.

-   Price per bitcoin started at 1600 ziftrCOINs and will linearly decline from there, reaching a final price of 533 ziftrCOINs per bitcoin.

-   We have 5 reward levels for presale participants


The ziftrVERSE
_______________________________________________________________________________ _______________________________________________________________________________ __
Our full suite of products and services (ziftrCOIN is a part of the ziftrVERSE)
 
ZiftrCOIN
ZiftrCOIN’s goal is to introduce more people into cryptocurrency, while also improving on certain technical features of popular coins today.
•   Minimum redeemable value of $1 when used within the ziftr merchant network
•   Limits large mining pools
•   Enables faster consensus through using coin age destroyed as a tiebreaker.
- https://www.ziftrcoin.com/ (https://www.ziftrcoin.com/)
 
ZiftrWALLET
One of our main focuses so far has been to develop a user friendly wallet, that has some great new features we felt have been lacking in the current mobile wallet environment.
 
Wallet Feature Overview:
1. Stores multiple cryptocurrencies
2. Puts security into the hands of the user
3. Requires minimal storage space.
4. Frequently updates market value numbers for all coins
- http://www.ziftrwallet.com/
 
ZiftrSHOP
A worldwide online marketplace where consumers can search for hundreds of millions of products among Ziftr’s tens of thousands of retailers and conduct transactions using credit cards or cryptocurrency.
- http://www.ziftr.com/
 
ZiftrPAY
A secure API that enables retailers to accept both cryptocurrency and credit cards without having to view or store the customer’s credit card information
- Current Stage: API developed, working to integrate new retailers
 
If you interested in ziftrCOIN and have a question dont hesitate to ask us on our subreddit! http://www.reddit.com/r/ziftrCOIN/
 
Links
_______________________________________________________________________________ _________________________________________
• Whitepaper - http://www.ziftrcoin.com/docs/ziftrcoin-whitepaper.pdf
• Official website - www.ziftrcoin.com
• FAQ - http://www.ziftrcoin.com/what-is-ziftrcoin/faq/
• Announcements - https://www.ziftrcoin.com/news/
• Twitter - https://twitter.com/Ziftr
• Google+ - https://plus.google.com/+Ziftrcoin/posts

it never ends...    ;D

This is obviously a skewed figure.
How can you even say that when it just came out. I haven't even heard of this coin until now.

No more pre-sale ico etc scam coins!

Enough already!

Announcing a scam coin is one thing, publicly advertising it on websites just crosses the line. This has gone too far. I hope the upcoming regulation hauls your scheming ass in a nice cold jail cell.

so presale started December 9th and you posted this thread December 15th :S

You claim to have collected 1,260 BTC already during the presale launched on Dec 9. What is the BTC address holding these coins? It's not posted on your site.

I'm not holding my breath.  ::)

No! This is a clear as day scam! And it's being advertised on the web.

Valid point.  These guys are pretty easy going. They actually bought a booth at Hashers United.  Ill shoot them an email and get them to post it up right away. I do not think they will have a problem with it. Good point btw.

ok so i just talked with them. FYI they told me that a good portion of the presale came in cash that they converted to btc. They are going to put the addy up but know that some of the money came from vc guys.

Should have it up tomorrow or next day

Hey, thanks for the honest feedback.

We came here exactly for that reason: to spread the word and to better understand the cryptocurrency community’s initial reactions to ziftrCOIN. While we think the bitcointalk forum is a great community, it hasn’t been our primary channel for our announcements to date, so that may be why you haven’t heard of us until now. We have been promoting ziftrCOIN and the tools and apps that support it at conventions and Bitcoin events like Money2020 in Las Vegas as well as in news articles, interviews, press releases and of course on our own website, Twitter, and other social media channels. And we started building buzz around the Presale in the months leading up to the launch, so that helps explain why we’ve been so successful in the first few weeks.

Here are just a few of the news articles and videos that have covered ziftrCOIN in the weeks leading up to and following the launch of our Presale:

1.   https://www.youtube.com/watch?v=7udvVbIuOJA
2.   http://www.forexminute.com/bitcoin/new-api-enables-merchants-accept-major-cryptocurrencies-46122
3.   https://www.cryptocoinsnews.com/ziftrcoin-launches-presale-coins-pegged-1-within-ziftr-network/
4.   http://bitcoinist.net/exclusive-interview-with-robert-wilkins-ziftrcoin-ceo/
5.   https://www.cryptocoinsnews.com/ziftrcoin-presale-approaching-500000/
6.   http://cointelegraph.com/news/113140/ziftr-ceo-bob-wilkins-the-ideal-way-to-get-wider-cryptocurrency-adoption-is-to-incentivize-users

And here’s the press release announcing our Presale:

1.   http://finance.yahoo.com/news/ziftr-r-launches-public-presale-230000482.html

We’ve also been working closely with a team of lawyers to ensure that we aren’t crossing any legal boundaries. We are really committed to doing this the right way. For more technical information about ziftrCOIN, take a look at our white paper: https://d19y4lldx7po3t.cloudfront.net/assets/docs/ziftrcoin-whitepaper-120614.pdf or our FAQs: https://www.ziftrcoin.com/what-is-ziftrcoin/faq/. We think these will help you better understand what we’re doing and why we are definitely not a scam coin.


This is a great point that has been brought up to the team and were currently working on fixing that.

We are always looking for new ways to share what we are working on and get some feedback and you will definitely be able to see more about ziftrCOIN on here as we continue to spread the word.

Why have I heard about these Russian's buying this up? oh wait...because it is pegged to a usd revenue stream?

Fuck off,presale shit!!!  ;D

trolls gonna troll...and thanks for your insight into this play being made by an experienced and proven team with large existing sales channels and products.  The reality is that Ziftr has the organizational skills and track record in the mainstream world and is making a big bet into crypto...and these plays can 10x Bitcoin adoption.

I think this coin is legit actually. But I don't like the pre-sale. The total supply mined over 10 years will be 10,000,000,000. One bitcoin for just 1,300 seems WAY overpriced. That implies a marketcap of 25 million after.

But yeah, it's got a convincing case so far other than that.

will watch this Project.

it seems interesting.

yes post please your wallet, all should be clear, now looks that you only collect money, nothing ready, not ready your network of retailers, not ready you wallet, your ziftrshop not ready also

nothing new about this coin  ,over~ :-\ :-\ :-\ :-\ :-\ :-\

Not too educated here eh bud?

Nothing?  mmmmmk.  So i guess you also invented sign to mine protocol?  WOW!  Read a book bro.

what's the significance of that protocol - in layman's terms, why does it matter?

Ico again ? fo real mang? Finally another ico coin , just what we need  :D

Dev , your coin looks more exciting than the other ico's tbh , however this being an ico coin , there's always alot of issues , so i have some questions for you mate.

1. we will be giving away 300 million ziftrCOINs (limit of 100 per person)
may i ask how exactly you're gonna make sure there's not 1 guy getting 1 million coins?

2. How are we gonna be sure you're not buying coins to yourself?

3. where have you been marketing before posting here , to get 650,000 dollar worth of ico ?
( potential fake numbers to make otheres think its a good idea to invest? )

Thanks , hope you dont take offense from my skeptic questions just wanna make sure this is not just another scam

'
not neccesairly , but this coin seems to have a high potential for scam imo but that's just like my opnion man

I don't know how they got so much in presale, but Michael Terpin is doing their PR.. Big chance it is not a scam, it's just that i had never haeard of it, before Michael Terpin started tweeting about it..

Indeed there were many cases of scams with ICO coins and see how this will end.
And that if ever invest what you can not miss.

I'm one of the developers over at Ziftr. I'm doing some of my usual bitcointalk lurking and figured I'd pop in here and try to answer some of the questions.

So first of all, thanks to everyone for checking out our coin and the things we're building around cryptocurreny. Hopefully you find it interesting and at least follow our development.

The first thing I want to address is where the presale bitcoins are being stored. We know that transparency into what we're doing is important and this is a large part of it. So, in the name of being transparent, here's what's up. At the moment the btc is stored in a cloud wallet that moves the coins around for security purposes. How this integrates with our website means the coins were never in the same place at the same time and many of them went to different addresses that we control. This means I can't simply list an address here because no single address will contain anything useful. We're working on changing this and moving all of those coins to a cold storage address that we control so we can show it to everyone. As soon as this is ready the website will be updated and display the address. I'll also post it here. Also, a large amount of the presale was done in cash, so there won't be any bitcoins on the blockchain for that. I believe around the 1st there will be a news article or press release or something that explains in detail everything about the presale so far, such as how much of it was in btc and where that btc is.

So, in short, we know the btc address is an issue. We're not hiding it intentionally, and we'll get that info out asap.

Now I'll try and answer the rest of questions individually.


Truth be told, at first I thought our coins were a bit overpriced when I heard the final numbers too. I've started to come around though. The idea is that our coins will have that $1 redemption value on our site. This means that when someone buys the coins they're not so much betting on the market value of the coins as they are that we'll deliver on our promises. Meaning, for some other coin presales the question you might ask yourself is "will this coin ever be worth more than I'm paying for it?" However with ziftcoin the question is "will Ziftr deliver?" Worst case, ss long as we have at least some functionality on our website, users can get their money out (though it may take a few months of online shopping).

We also don't want to attract people that are only interested in pumping and dumping. I think with the current price point buyers have to have some faith or interest in the rest of Ziftr, which is a good thing. We also have traditional VC investors. They agreed on that price and even bought quite a few coins at it.



The main benefit of sign to mine is that we believe it will prevent large anonymous pools and help keep mining decentralized. It requires that miners sign their mined blocks, meaning that anyone helping to solve the block must have access to the private key that can then spend the mined coins. This means with a large pool of anonymous users that anyone could take the money and run when a block is solved. However, we do believe that pools have a use for smaller miners. To facilitate that we're also working on some social mining pool type solutions that will let miners work together with people they trust and/or build trust with other miners.


 

These are great questions. A presale is simply selling a promise. So we need to be ready for negativity and skepticism and we need to be prepared to do what it takes to prove that we'll keep our promises.

To your questions:
1. This is still something we're working on. It will certainly require users to have accounts at ziftr.com (which are free and don't require personal information). Then it's just a matter of how do we keep people from using multiple accounts. We have a bunch of ideas on this (other than the typical bot prevention tech), but I don't want to go into detail because it would just be info malicious users could use to circumvent the system.

2. I'm not sure if you're asking about us buying the coins ourselves during the presale, or giving the coins to ourselves during the giveaway, so I'll answer both. For the presale, we're working on getting an address to share with everyone as well as posting more news about it. For the giveaway, we'll have a publicly available blockchain explorer for our coin, so people can see the coins being given away in 100 coin batches. I know that won't prove we aren't just redistributing them to ourselves though. I'll also bring this up with the team to see what else we have planned for transparency in that area.

3. We've been talking at conventions, such hashers united and money 20/20. We've been in a few news articles. We promote ourselves on our own social media channels and website. Our CEO, an avid miner himself, is great at what he does and has also been going around getting traditional old school investors excited about bitcoin and promoting ziftrcoin in those circles.

I'm so excited on ZiftrCoin. How can I avail on Presale?

Go to https://www.ziftrcoin.com/presale/ and click "BUY ZIFTRCOINS". You'll be walked through the process of paying with BTC to get ziftrCOINs.

Questions!!!

DEV, where is your POD?
Will this coin be mineable after the IPO is over?
What happens to coins not sold?
How many coins are the DEVs holding?
Are you using escrow for your IPO, or can you simply bolt with the BTC when the IPO is over?

Not trying to spread FUD, but there have been SO MANY IPO scams.  Questions need to be answered.

So why should I buy your coin for (wait for it) 1BTC for 1600 unknown coins?

You are not even listed in ANY exchange.

Your coin has NO value.

I'm buying because I put value on the management team's reputation and track record...these guys hit homeruns and I'll be the bat boy on the team ;)
https://www.ziftrcoin.com/about-us/ziftr-team

I usually like to support the little guy, but history has taught me that the organizations that are a well oiled machine have the experience and connections to make things happen.

That's a big team....

Personally I will wait for the free coin distribution (I can't afford to buy any now anyway).

One question though:

What's up with the name?

Doesn't even have a wallet. Great coin lol

How can it be decentralized without a wallet?

We will be on major exchanges, there will be an announcement next week. The coin is in development, too, it's not released yet.


"Ziftr" sounds like "sifter", and so named because the original product of ziftr is a shopping browser add-on that sifts through thousands of products and finds you the best price while you're shopping: http://www.ziftr.com/. The parent company is http://www.myvbo.com/, we've been around since 2008.

@drew1982 and @jertsy, the coin isn't out yet. We are in the process of signing merchants up so that the coin is actually useful when it comes out. The wallets will be available pretty soon, at the very latest in early February. We want to make sure everything is stress tested and not going to break.

I like the idea behind it but too expensive. Almost 0.001 BTC per Ziftr. I'll pass for now..will wait till launch.

0.001 is goal of majority of coins in crypto and you're starting at the top leaving little to no room for growth.

Idea is good but I don't like ICO's as they mostly end up as scams , so you can never be too careful.

ZiftrCOIN is in development. We don't want to publish our source and have someone fork our work before we even release our coin, though, but it will be made available pretty soon, at the very latest the coin will be released in early February. We are getting merchants on boarded now so that the coin has a use when it  comes out. Plus, we want to make sure everything is stress tested and not going to break. I think you will be able to see that we've put a lot of development into this already though, by looking at our website and our android Multi-coin wallet (in Beta). https://www.ziftrcoin.com/ & http://www.ziftrwallet.com/. Remember, all the software we create will support many coins, just like our mobile wallet does. We want to get more everyday people into using cryptocurrency, and not just bitcoin.


Absolutely, it's a PoW coin. The pre-sale is a small percentage of total coins, most of the coins will be mined.


We will either give them away in promotions to get people into cryptocurrency (relatively small amounts to each person) or burn them.


The giveaway coins and the IPO coins are the only coins that we will have available when the coin is released. The only coins that employees might get access to just for being involved with ziftrCOIN will be locked up in the block chain for 1, 2, 3, and 4 years (in chunks), through the use of OP_CHECKLOCKTIMEVERIFY. The coins locked up for employees/future promotions are 1% of total ziftrCOINs. More details are available here: https://www.ziftrcoin.com/what-is-ziftrcoin/coin-specifications/. Note that the shape of the distribution curve has changed, we will be pushing updates soon, but the total # coins and %ages are still the same.


We considered using an escrow, but couldn't really find a third part we found trustworthy. We're an established company, based out of Milford, NH (an hour north of Boston), and have been around since 2008. So basically, if you read up about us, look at who we are (https://www.ziftrcoin.com/about-us/ziftr-team), and like what we're doing, then participate in the pre-sale.


I know, your questions do seem genuine and not like someone just trying to spread FUD, so thank you. They're very good questions.

I wanted to point out some issues I am having with Ziftrcoin concept and ask for an explanation.
Assuming you will be able to peg the coin to $1 within your network, that is not my concern.
Currently you sold ~3.6 million coins for ~$652,000
For the sake of argument let's assume the pre-sale ended today, at those figures, each coin would have been sold at ~ 18 cents
Then the plan for distribution calls for 300 million coins giveaway and ~1 billion coins at year end with mining.
So it's fair to assume at the end of 2015 you will have 1 billion coins,  at that inflation rate your break even price/market cap
is ~$180,000,000 dollars, in 10 years the break even price/market cap is ~$1800,000,000
If your plan to peg this coin at $1 requires a market cap of $1,000,000,000 by the end of 2015 and 10 times that in 10 years,
Ripple which is the biggest market cap winner after Bitcoin ranks at $ 753,077,008 market cap,
What makes you think you will have a bigger market cap than Ripple by the end of 2015 and double that in 2016?

I know when you peg the coin at $1 and sell it at 18 to 25 cents, the initial investors will need buyers/investors at the range of
30 cents plus to make any profit. In the next 10 years you will need merchandise valued at $10 billion just to support the mined
and given away coins. Correct me if I am wrong, also please give me the yearly inflation rate for Ziftrcoin, I am sure you have
that figure calculated. It is clear you will not support the price of $1 on the exchanges, for the simple fact you can not, and you did
not say you will, the question remains how will your 10% in fees support $10 billion in merchandise? that also is not the case, because
the reality is you will not peg the coin to $1 ever unless it's worth 95 cents on the open market, because the peg will only go up to
5% of the total purchase, however, this somehow contradicts this statement:
" The $1 minimum redemption value is guaranteed because we'll use part of our own compensation to ensure that the value is never less than $1 on our website or within our retailer network. "

Just explain the simple math, how can part of the 10% fee help you support a 100% value, when the value is a variable with a potential to be zero?

Now if we say Ziftrcoin is a 5% coupon towards purchases on your network of merchants, if the value is less than $1, things will be much clearer to me.
The initial investors will get 5% coupon for each purchase made within your network, but might or might not get a guaranteed redemption value of $1

Maybe I did not fully comprehend the concept, I watched your videos as well on youtube, still I am not getting it.

@RagingBull, good questions, I'll try to explain more. Take a look at this:

https://i.imgur.com/XBDf4R4.png

So, this is a simple case. You have a $100 purchase, and you have to give 5 ziftrCOINs to get 5% off.

Now say you're buying something for $20 bucks. Then you can get 5% off your purchase ($1 off), by paying with 1 ziftrCOIN and $19. So the $1 minimum is guaranteed at checkout for up to 5% of purchase value. If your purchase is smaller, you need to give fewer ziftrCOINs to get the 5%. Does that make sense?

You are right, the $1 minimum is not guaranteed on any exchanges or anywhere else other than within our merchant network. So the coin will probably be helpful and a good deal for you if you do a lot of online shopping.

I guess it would depend on the merchants that will take the coin.  Get someone like Amazon to accept it you have a hit.  Other merchants will just mark up the price a bit to make up for the discount given with the coins.  Plus, how many merchants are going to reprogram their POS system to accept crypto?

With the rumor of Paypal and E-Bay accepting BTC in 2015 how will this play in?

Dev, what algorithm will your coin use during POW phase?

A custom algorithm called Sign to Mine. This algorithm requires an ECDSA signature to validate a block, and only the public key used to validate the block can be used to collect rewards in the block. Essentially, miners can no longer mine for someone else, they have to be mining for themselves. That does not mean that there can be completely no pool mining ziftrCOIN, however, it just means that there must be trust established with individuals before letting them join your pool.

Does it use the standard cgminer program?

Seems interesting...

They are porting cgminer and sgminer.  FinalHash has been working with them on this front.  CPU mining is already rocking on testnet. OpenCL for you GPU folks coming soon. 8)

Of course it will be. How else are they going to have a super fast network?

Im also going to skip a bunch of the silly questions you asked... why? well tbh i just got back from taiwan and i am tired. But i also did not care to read the rest of this thread and i figured they were probably already answered.

And also, you kind of ARE trying to spread FUD. First thing i would ask you is this.  Would you invest in a coin that steve wozniack made?  If your answer is no, i would ask why. Seeing as how your answer is probably yes, here is my input. Robert Wilkins was runnin' around with those guys back in the early 80's.  He ran PC Connection for god's sake. Bob personally took that company from around $300M to the IPO phase.  Here is there ticker symbol PCCC.  Bob left them and is now doing some big things even outside of crypto. So while i do agree with your IPO/ICO claims that alot of folks have put forth around other companies and it is something to take a second look at, i pose this question. Do you really REALLY truly think that a guy of Wilkin's caliber has time for games and scams?

I will mine your coin if nothing else for the mental exercise of your new algorithm but ICOs have a bad reputation for a reason.

Yes Wilkins being involved is massive. The Ziftr network makes a lot of sense to move into crypto when you look at where eCommerce is going. No doubt amazon is watching this.   

Is it possible Ebay and Amazon will accept payment using Ziftrcoin?

Oh yeah....a developer is talking.....I believe everything you say ZWGuy....  :D

PayCoin the second.

Yes and so will walmart costco target and other 100k merchants  ::)

I'm not sure what you're trying to say here exactly. I specified that I was a developer at Ziftr so that there was no doubt that I'm associated with the company and the coin.

PayCoin the first. Ziftr has been around for a while.

http://www.ziftr.com/

There's an article about this on bitcoinist now.
http://bitcoinist.net/bitcoin-exchanges-add-ziftrcoin-listing-prior-presale-end/

ZiftrCoin will be on Cryptsy and Melotic (and possibly others) when the coin launches.

http://puu.sh/e5RzN/375c1cd4db.png


NO.


No, you're not.

I'm going to respond to this here because the absolute last thing I want is to (even temporarily) hijack that 700 page paycoin2 thread.

We know people will have issue with the premine, but it's necessary for our goals. Most of those coins are being given away (100 coins at a time) to current and any future Ziftr users. The idea is to give people that have never used (or even heard of) bitcoin a "significant amount" of coins to play with and get them using crypto currency. Some of the coins are being sold in the presale right now to speed along development of Ziftr products. The remaining coins are being put aside for the company (employees, investors, future development etc). However we're also doing something that no other alt has done before (to our knowledge). The company coins will be locked up by the blockchain (unspendable) for 1 to 4 years, meaning we can't pump and dump those coins.


No one wants the presale BTC to be public more than me. I bring it up practically daily at the office. A large chunk of the presale wasn't in BTC though. For example 10x Ventures purchased $150k worth in cash (as reported by coinbase http://www.coindesk.com/e-commerce-software-developer-ziftr-raises-600k-altcoin-crowdsale/).
They're a legitimate VC firm so that should at least add a little credibility.

why cant people fund raise the old fashioned way on kickstarter etc. Or staged presale. sell x amount max per week so people see it transparently used as it goes.

i havent and wont buy into presales because it looks like one giant btc grab at the start. implement and get cash as you go. or angel investors.... maybe individuals are easier to get funds out of? just wish there was a way to hold groups accountable?

Yes.

Yes, you are.    NOT

I don't trust any site that reports on coins yet has their ads plastered all over them and then removes those ads later on :o

FUCK ICO

When ziftrCOIN launches ???

How do you intend to guarantee the value of at least $1 per Ziftrcoin coupon ?
Guaranteeing the price of a coin has been tried by some companies/organizations before and they have ALL failed, either by not really trying ( i.e. : scammy promises ) or by underestimating the massive, MASSIVE ammount of buying power needed to support a coin that's being dumped.

And it is fraudulent to fix a price.

I am not going to say anything about that. Other folks been gettin lit up for saying stuff like this. From my perspective amazon and other online guys have to be super careful around some things.  But i will say that e-commerce is only part of the play here with ziftr.  POS terminal integration I will say is on the roadmap.

Yeah great point here bud.  Here are the facts.

1.  Everybody whose got coins coming to them in the organization has to vest their coins for 4 years.  Meaning they are physically locked down on the chain.
2.  The dollar guarantee is only for UP TO 5% of the purchase price when used on the ziftrPay network.  This means if you want 100$ worth of something and lets say on cryptsy it is being traded for 70 cents, then for that purchase you can get 5$ in coupons basically. Now if cryptsy or any other exchange is runnning over 1$, you can use them all for the current exchange price.  So no this is not saying a floor blah blah blah. This makes sense. And great question actually.

They never said anything about boosting pricing on an exchange bro bro... EVER!  That is just a fruitless endeavour

http://mylittlefacewhen.com/media/f/img/mlfw9094-twilightdoyouevenread.png

No price fixing or scams here. We try to answer many of these questions on our FAQ:
https://www.ziftrcoin.com/what-is-ziftrcoin/faq/

We're not going to buy up ziftrCoin on exchanges. The market will decide its price there. We're making it so that the coin can be redeemed for $1 when used within our merchant network for up to 5% of the purchase price, regardless of the open market value of the coin. This comes from the advertising dollars that we would get as part of the sale. So there is no risk of underestimating anything because the redemption value is tied directly to a revenue stream.

As part of this, we're also working to make sure that purchases made within our network can be done in any crypto currency we support and with multiple payment types at once. For example you could pay for 95% of your purchase with a credit card (or bitcoin) and the remaining 5% in ziftrCoins.

This is a copy/paste from our FAQ but I think it covers the presale topic well. We do raise capital the old fashioned way, but there are some other benefits to a presale (in addition to more funding).

This is really smart and something that other coins will do in the future to show the commitment of the team to the long term goal...just like how stock options vest after a certain time frame for employees.

This is how the $1 redemption value will work:

https://i.imgur.com/XBDf4R4.png

The fee that ziftr gets here is called an affiliate fee, and is basically a reward that services get for bringing merchants new customers. So in this is a simple case, you have a $100 purchase, and you have to give 5 ziftrCOINs to get 5% off.

Now say you're buying something for $20 bucks. Then you can get 5% off your purchase ($1 off), by paying with 1 ziftrCOIN and $19. So the $1 minimum is guaranteed at checkout for up to 5% of purchase value. If your purchase is smaller, you need to give fewer ziftrCOINs to get the 5%. Does that make sense?

The $1 minimum is not guaranteed on any exchanges or anywhere else other than within our merchant network. So the coin will probably be helpful and a good deal for you if you do a lot of online shopping.

THIS makes sense, Steve:


If someone purchases merchandise or services from one of your affiliates, for 100 dollars, they will have to pay 95 of those dollars with fiat or coin equivalent at whatever price market has it at the time. The other 5 dollars can be paid with 5 of your coins. If those coins were purchased at the rate of 25 cents per unit, and assuming the price has not gone down, they'll have a 3.75% discount after the buyer redeems his/her 5 coins ($5 minus the cost of purchase in the pre-sale, $1.25). To redeem 1000 coins, one would have to make 200 different purchases...

Obviously this is nothing but a meaningless gimmick, poorly "explained" on purpose in the hope people deceive themselves.

As for the other "enticing" aspect of this project -"participating in a coin with a lot of cool things..."- nah, it's just another copy/paste hackjob/shitcoin.

But, by all means, you be the judge. I simply explain, really explain, what it is that the gimmicks are here.

Amongst all the FUD you are spreading, you have one valid point: it's not completely 5% off the purchase because there is a cost associated with getting the ziftrCOINs in the first place. To that I would just say that if 3.75% free money off your purchase isn't enough incentive for you to participate in the pre-sale, then that's fine, just don't. But there's really no need to spread a bunch of FUD like this about a company that's been around since 2008, has 35 employees, and is VC funded: http://www.marketwired.com/press-release/ziftrcoin-crowdsale-passes-500000-during-first-two-days-of-presale-1979276.htm (http://www.marketwired.com/press-release/ziftrcoin-crowdsale-passes-500000-during-first-two-days-of-presale-1979276.htm).

But the cost to getting ziftrCOINs isn't pegged to the ~$0.25 that is required in the pre-sale. If you get your coins via mining, or giveaways, or on an exchange, they will still be valid within the ziftrCOIN network for the $1 each. In those cases, the cost of getting the ziftrCOINs could be much lower, and it would be more like 4.9% off your purchase. And I most certainly had no intention of deceiving anyone about how the discount process will work, I thought the picture and multi-paragraph response would explain it well enough.

It may also be good to note that if ziftrCOINs are trading above $1 then the 5% limit is removed and you can spend as many of them at checkout as you like. In addition, we will be doing limited giveaways to get people some free coins to play with, so they can realize that cryptocurrency isn't too hard or complicated, and they can use it in the real world.

I know the crypto community has been been scammed a lot before, and it sucks. But please take the time to read what we are doing and give critical, constructive feedback.

How are we explaining this poorly or trying to deceive anyone? If you have any suggestions or specific complaints we'd actually really like to hear them so we can try and fix it. Everywhere that the $1 redemption value is mentioned (in news articles, on our website, and answers to questions here) we try to explain it and clearly state the limitations and where the value comes from.

As for being a gimmick, the purpose of the coin isn't to give users a guaranteed 5% discount on all their purchases and we've never pomoted it this way. The purpose of the coin is to incentivize new people to start using crypto currency. The $1 value is part of that incentive. It also adds buy pressure to the open market and gives the coin a backing (from our profit stream) which, as far as I know, no other alt has done. As I mentioned above, we're also making it so that users can purchase products entirely using ziftrCoin, bitcoin, and many other alts coins such as litecoin and dogecoin at market value. In this way our coin is as useful as any other alt and we're working to make all crypto currency (bitcoin and alts) more useful and as such more valuable.

You don't need to make 200 different purchases to redeem 1000 coins. You could do it with just a few large purchases. A high end mattress or some new living room furniture, for example, and those 1000 coins would already have paid for themselves. For another more personal example, I spent about $6000 in online purchases in 2014. If I had 1000 ziftrCoins purchased at 25 cents that would be $250. Assuming I was able to use ziftrCoins in all my purchases (a big assumption perhaps), then I would have been able to pay for $300 of my online purchases with ziftrCoins. In this example I would be up $50 and still have 700 coins to either sell on the open market or save for future purchases. I'd hardly call that meaningless.

If you could get a roughly 3.75% discount on top of already getting the lowest price (we do this already see www.ziftr.com) from the merchant of your choice by just clicking a few buttons would you not do it? If you've ever been shopping in a state with sales tax during a "tax holiday" you'll have seen that people will go crazy over what is effectively a 5% discount.

Lastly, our coin does have new features beyond revenue stream backing. These include sign to mine and coin age as a tie breaker. Both of these and more are detailed in our white paper. Unlike many other alt coins we have a full and experienced development team and we proudly list the members and all their contact details on our websites. The coin is still in development so the source code is kept private (it WILL be released with a functional testnet prior to official launch). Calling it a copy/paste hackjob is quite the accusation considering no one has seen the source for the coin or any of the tools we've been building around it.

Exciting! "Bitcoin Exchanges Add ZiftrCOIN Listing Prior to Presale End"

In order to avoid bloating the thread too much, I'll answer you and Steven in the same post, ok?

First, you must know that when one has had scams for breakfast every day for quite a while, one develops a kind of radar sense for bullshit (pardon my expression but I favor clarity) even in it's most sophisticated forms. We, in the digital currencies scene, call it "immediate red flags" but it is simply bullshit.

Apparently you guys have a decent thing going with ziftr.com, I don't know... are you a public company? I assume you aren't and if my assumption is correct, why not? You don't need to answer that (actually, no you do) but let just call that a first red flag, ok? 35 employees and a track record of almost 7 years would grant any decently successful company a right to get back some of the "millions" they have invested in creating the tools of their trade that have warranted their "success". And yet, somehow, there doesn't seem to be a market for it (no IPO). You Steve are way too young and inexperienced to even get a light gist of what a difficult environment the business of Ziftr is, so I will point some of those extraordinary cut throat issues for others more in step with the realities of the online commerce: The margins are minimal (and dwindling constantly as the manufacturers themselves move to full out connection with their customers, on one side, and, on the other, to actually making this dubious business model obsolete by way of warranty of best price -in many cases plus 10% discount).

That said, Ziftr creating its own digital coin is a particularly interesting gimmick... but just a gimmick nevertheless. This is much cheaper than delivering minimally significant coupons via traditional distribution channels and potentially more effective giving that it is directed at the crypto community, meaning people that already are, in their vast majority, veteran purchasers online. Clever. How clever? that's entirely another matter. But since going deeper into it would mean a barrage of figures and demographics and, still, plenty of speculation, I'll leave it aside, for now at least. On with the launch of the coin project: Second (huge) red flag, is the words "millions already invested" present in the press release... An extremely poor choice at that for everyone in crypto knows that there's practically no cost to launching a digital coin... and we have had every variety of them, in the many hundreds, for months on end. So launching ziftrcoin cost NOTHING. Not even hundreds of dollars. Nothing or, to be more precise, next to nothing. It is, in fact, no different than when Overstock.com decided to accept bitcoin. Ziftr.com no will accept not just bitcoin, but also other crypto currencies... including their own. No extra costs involved. Again, not "millions", not thousands, nothing.

On with the Bu.... "red flags": ZWGuy writes "The purpose of the coin is to incentivize new people to start using crypto currency." To the initiated that stinks to high heaven of what it is: Pure, unmitigated, smoking, raw BS... sorry, "red flag" for the purpose of this particular enterprise, with no technical innovation whatsoever, is just to bring more people to the business of Ziftr, people already using cryptocurrencies and regular people, as many as possible of course for that business depends, totally, of that stream of customers coming in in stead of leaving, which is what they are doing, in droves, due to the competition from not just the manufacturers themselves, but the credit cards giants and the Living Socials and Groupons of this world. That mantra may have worked a year or two ago with the most deluded members of the crypto community -depending, above all, on how "high" they were at the moment of reading it-, but certainly jumpstarts all B S detectors now.

But that's not all. Not by a long shot. The biggest, by far, "red flag" in this orgy of red flags is that investment from 10X Venture Partners. $150,000, apparently. This VC outfit prefers to invest in companies in the New England area because they want to provide "hands on assistance"... which would be fine and dandy -desirable, even, if this were a traditional enterprise-, but that inevitably will lead to the worst corruption possible in a coin project such as ziftrcoin. Let me explain this a bit: In a traditional American company, such VC investment is perfectly legitimate because its purpose is, through capital investment and business know how, to create a company or enterprise and bring it to the point where the investment -plus profits- is recouped via the sale of all or part of that company or the bringing of the company to the public through an IPO. In both cases, the LAW of the land dictates quite clearly what can and cannot be done. In the case of a digital currency such as ziftrcoin, that is not -yet- the case. Not by a long shot. So, inevitably, when and if the targets !0X has set for this particular investment are reached -or decided at some point along the way-, they will just cash in, pack and leave... the rest of "investors", hanging on to their bags. That is, by pure definition, what they do, what they are supposed to do. See the conflict? But, since there's nothing new under the crypto sun, let me take you to an actual example of exactly that scenario that happened, for months, in BlackCoin. You can read about it for I have posted in full detail many times and in many threads. The X10 part was played there by a "group of investors" that I names THE BLACK HAND. It is INEVITABLE that the action/s of X10 in ziftrcoin will eventually develop into a none time or more instances of The Black Hand corruption in BlackCoin, responsible for taking the coin to 96,000 sat an d dumping all the way to less than 1/10 of that... with many lesser pumps and dumps on the way up and a few on the way down. That is not just a "red flag" that is a certainty. By design and definition.

Finally, the pre-mine. Nothing to add there that hasn't been expressed many times (quite correctly) before on these boards. Only adding that while projects with abysmal distribution have succeeded in the past (NEXT is the paramount example, but there are others) that has happened in the past and will not happen again, in my opinion, now that most of the digital currencies community has been victimized enough out of their delusions. But that is quite beside the main objective of this project as explained in detail above, right?

Anyway, best of luck to you in other enterprises and projects -or line of business-. This one will not work, you can take that to the bank. Although, as usual, you more than probably have found already q few dozens of deluded "supporters" looking for the proverbial quick buck that, for a few weeks will provide the pretension that it is a success.

It simply goes with the territory.

pS.- Steven I don't "spew"; I post. And I don't post FUD but  very educated information, doubts and concerns. You, on the other hand, should be immediately restrained by your team from actually participating in any way in the PR of this project. It is difficult enough as it is and your presence here has already proven to be an unnecessary additional burden.

https://www.ziftrcoin.com/what-is-ziftrcoin/faq/


Did you copy paste that straight from some bitcoin FAQ without even checking it? Why would someone interested in mining ziftrCOIN read your FAQ to find out about bitcoin ASICS and bitcoin mining pools?

First, thanks for taking the time to read my post and make your reponse. We know that the crypto community has seen a ton of scams, pump and dumps and failures. This is one of the main reasons we've waited so long to start posting on bitcointalk. We wanted to have as much ready as possible to show that we're legitimate and to be able to respond to red flags.

Ziftr is a VC backed private company. I'm not sure how this is a red flag though. There are plenty of very successful privately held companies out there. As far as I know there have been no IPOs in the crypto currency space, so this shouldn't come as a surprise. Our CEO is not new to this space and he's very involved in what we do. This article from a non-bitcoin news site provides insight and explains, I think, better than I can our goals and purpose. Note it's a bit of a long read compared to most crypto coin news articles. http://www.crn.com/news/components-peripherals/300075170/channel-titan-wilkins-makes-game-changing-cryptocurrency-bet-with-ziftr.htm

The word gimmick typically has negative connotations and I believe you mean it to, but by the definition of "a device intended to attract attention, publicity, or business," then I suppose maybe ziftrCoin is a gimmick. Only it isn't meant to be directed at the existing crypto coin community (I know, says the guy posting in a bitcointalk announcement thread). It's for the people that think Bitcoin is a company, or "that thing used to buy drugs online." The redemption value combined with the give-away is meant to entice those people to try something new. The coin isn't even where we intend to make our profit. In fact we had considered just using Dogecoin for everything we're working on and giving away millions of Doge instead.

The "millions invested" is certainly not in the development of just the coin. I don't believe we ever claimed that (I sure HOPE we didn't). Our shopping site alone (while obviously not perfect) is impressive. I would hope you can understand the amount of work it is to create and maintain something like that. Our shopping cart, payment platforms, merchant integration, multiple exchange integrations, etc, which we are currently working on, is what millions are spent on. You also have to admit that it doesn't cost NOTHING to create a coin (it costs 0.075 btc on coincreator  :) ). But seriously, there's development time on the coin itself, tons of research on new features, testing of all aspects, server management, mobile wallet development, marketing, and front end development on the websites. Those things aren't free.

I'm not sure why saying that we're trying to incentivize new people to use crypto currency "stinks of BS." This is something that everyone involved in crypto wants. We have just shy of 2 million active users (last I heard), most of which have no idea what bitcoin is. We of course want to make that number larger and we want them all using various crypto coins. This is good for the entire industry. We obviously would prefer they use our site/tools, but why is that a bad thing? 

I find your belief that the 10x Ventures investment is a red flag really intriguing. In my mind that has always been an anti-red-flag worth promoting. My thoughts being, "if a real life venture capital firm believes in the coin enough, it must be legit, right?" I don't know the intricate details of the deal (I am just a developer after all), but I don't see how they would be any more likely to dump than anyone else who purchases a large amount of coins in a presale. Isn't that risk one of the inherent problems in a presale? I would think (perhaps incorrectly?) that buying coins would give them less ability to corrupt our coin than that of a traditional investor, not more. I have not heard of the investor issues around Blackcoin, but I will read into it when I get a chance and share it with the rest of the team.

Regarding the pre-mine, we know about all the issues with it. Unfortunately it's sort of a requirement in order for us to have a large give away, which is a huge part of the coin. This is why we've tried to do things to make the pre-mine more legitimate, but we do realize it's still a pre-mine.

As far as Stephen goes, he's extremely enthusiastic about what he does. He even wrote this senior thesis on elliptic curve cryptography. In my (obviously biased since it's what I'm dong now) opinion, having passionate developers that are willing to speak their mind and interact with the community is always a good thing. It promotes transparency. While I personally detest the term "FUD", your first post was a paragraph stating that a 4x return was a gimmick and a sentence claiming we have no innovation and our coin is a copy/paste hackjob. You then copied the post to another thread. One has to admit, that doesn't come off as someone looking for a discussion. In general, people have a tendency to not read anything then develop rock hard uneducated opinions (seems like that was irking FinalHash a bit yesterday morning). I would hate for someone to come to these threads, read such accusations about our coin, then instantly believe them as absolute fact, when we do have innovative features, a white paper, and have put real development time into our coin.

Looks interesting and big corporation is behind it. I just bought some.

Good luck

One of the purposes of the FAQ is for people that know nothing at all about crypto currency or bitcoin. The question directly under that one is specific to mining ziftrCoin. I definitely agree that question is, at best, out of place. I might also agree that it's not a very good answer to that question in the context of a complete newbie asking it. I've brought it up with the team.

In a non-censored thread like this, you are going to have all kinds of posts. Having Steven and his "passionate" responses here is highly detrimental to your project. While "passionate" is, generally -depending on what- a positive things, if it leads, as it usually does, definitely in this case, to out of control, inexperienced, school yard behavior, IS detrimental. I know you get the gist.

If you read your own press release you will notice that it either is very poorly redacted or it was done that way to give the impression that sift is claiming to have invested many millions in the development of siftrcoin. The list of "non free" items you post are "cost of trying to do business", not actual expenditures. And every coin project carry those. Costs, again, remain close to ZERO.

I thought I had explained very clearly why the 10X is a monumental "red flag" rather than the opposite, but obviously you need to read about the Black Hand in Blackcoin and stop for a while and use your common sense, ok? To state that it is the same and has the same effects if any investor dumps his coins as an institutional one that may own 10-20% of the float, is simply preposterous.... and hard to believe it is stated out of naivety, by the way. And, on that subject, how much did 10X pay for their coins? In other words, how many coins did they get for their $150,000 investment. What were the strings attached? This is information investors and general public in your project ARE ENTITLED to know, you know that? If Warren Buffett makes a deal to purchase a large amount (never even remotely as large in % as 10X purchased in  your coin) of BOA as a "special" price, it it illegal not to make it public, ok? Did they get 1600 per? 3200? 5000? For what you posted I have to deduct that there were no obligations on their part... which is mind boggling for, in actuality, puts the entire project on their hands and they can sink it at any time they choose, either to get rid of it or to buy it all outright for peanuts. And you don't "see the problem"? I believe perhaps you need to go back to corporate business 101 class... Hint: These deals, in the real world, come with many LEGAL obligations -designed to protect the investors, of course, not the corporate raiders- and no enterprise would allow such venture investment without specific time obligations, like "10X cannot sell any of their tokens or representation of such to any third party, either directly or publicly fo X amount of time and then so in such and such (%) amounts of their total holdings..." Now I'm quite sure you "get it", don't you?

But the more pedestrian way of screwing investors in this unregulated wild west of crypto would be the obvious accessibility of 10X to inside information and the inevitable price manipulation that they would be capable of because of it and because of their huge holdings. For instance, they could influence the creation of promotions, special or not, to dump part of their coins while everyone else is buying. P&D 101. Or any other "landmark announcement". Privileged info. Jail time in the real world, total impunity in crypto (for now). Anyway, I know you see the inevitable conflict. And dire consequences for buyers of your ICO.

The pre-mine, not unfortunately but by design, is just your way to pay for the gimmick. Legitimate companies budget and pay for their gimmicks. You choose to try to have your naive investors carry that burden. It won't work, I can guarantee you that. You are going to have a front row experience of it.

Finally, what "innovative features" are you speaking of in ziftrcoin? a "white paper"? Really? have you checked around? There are about 1,000 still-active coin projects with "white papers" of one kind or another already out. Is that one of your "innovative features"? What "real development" has taken place in your coin? Perhaps we need a new definition for "development" here...

Anyway, I hope those 35 people along you are able to somehow keep their jobs or, at the very least, to get some valuable experience from this exercise in futility. It will be a monumental feat if they do keep their jobs, that's how tough the space your business is in. But there's no future in it. And much less while diverting any, whatever smaller, resources in trying to tap into the crypto world to attract new customers. You guys are already in the process of getting a crash course in it.

And, unfortunately, you will represent just another -if minor- step back in the development and mass implementation of digital currencies.

I did some maths on this and at current BTC prices and the current 1 btc -1020 ziftrCOINs that equates to around $0.27 per coin. So for a pre-sale of $665,541 USD  for 3,721,806 coins gives me about $0.17 per unit. How did you arrive at that number?

Is it because you keep jacking the price as you get closer to launch?

What did the price start out as in the beginning?

The dollar value is based on a 6 month moving average btc value as reported by Bitcoin Charts (currently showing $431 I think). This inflates the displayed price slightly but we felt it was the best way to show a "live" price without having it bounce all over the place. We originally were using a 7 day moving average and got a lot of questions about the price fluctuation. We display the 6 month average thing right under the value in an attempt to be transparent and not confuse people. A large portion of the presale was also done in cash (at whatever the btc rate was at the time), so that value wont' fluctuate, which further complicates the total.


The price when the presale started was 1600 ziftrCoins per bitcoin. At the time bitcoins were worth about $350. The price is increasing as the sale goes on (like most coin presales), but we're trying to make it not too drastic.

I'm not sure which press release you're referring to exactly, but I'm assuming it's this one.
http://www.marketwired.com/press-release/ziftrcoin-crowdsale-passes-500000-during-first-two-days-of-presale-1979276.htm
And that you're referring to the line, "Ziftr has already put millions of dollars into developing a suite of tools and applications that will accomplish this goal, and the funds raised during the ziftrCOIN presale will go directly toward making this happen."
In that statement we're specifically talking about "bring[ing] cryptocurrency into the mainstream for consumers and retailers."
I don't believe we're intending to claim that we've put millions into development of the coin itself. Forgive me if I'm looking at the wrong press release. There has been a lot of press linked around the office lately.

Regarding costs, forgive me if I'm being daft, but I guess I don't know what you mean when you say "expenditures." The development of the coin, and more importantly everything around it that makes it useful, takes man-hours and everything that goes with it, eg office space, healthcare, etc. That's a company expenditure isn't it?

I didn't mean to imply that I didn't understand what you were saying about the 10x investment. I just meant that I found it interesting since I have never seen it mentioned as an issue before. Thank you for explaining it further to me though (not being sarcastic here). I think you actually have a good point, but I'm not sure how it's unique to alt coins. Would it be better if 10x was purely a traditional investor with stock in Ziftr (which I believe they are also), but no coins? That's not a rhetorical question; I'm legitimately curious as to your opinion on that. It just seems to me that this is a problem with any investors in the crypto currency space. Since, as you said, there is no regulation, anyone with enough inside info and deep enough pockets could manipulate the markets. Are you against all VC money in crypto currency space until there is regulation? I think maybe the question I mean to ask is, (though it might be too late) hypothetically speaking, what would make this red flag go away for you?

I don't know the exact price 10x paid for their coins. I know it was "around what everyone else paid." Which I realize is a TERRIBLE answer, so I will find this out. The coins sold total on the website is accurate and includes their coins, so they aren't sitting on billions of undisclosed coins though. Either way, it's a great question and I agree people have a right to know. I also don't know the terms of the sale. I didn't mean to imply that there are none. I simply don't know them. I will also try and find out any information about that for people.

Regarding the innovative features of the coin, I just meant that we detail them in the white paper. The primary innovations are sign-to-mine, and coin-age-as-a-tie-breaker.
     Sign to mine (which is also the algo) is an attempt to keep mining decentralized. It makes it so that all members of a pool must have access to the private key for the address which will receive the mined coins. This makes it so that members of a pool must trust all other members of the pool. To facilitate smaller miners we're working on a thing we call social pools, which lets them group up with friends, family, other trusted miners, etc. Just to be clear, this will be open source and free. We are NOT doing the ol' build a problem then sell the solution game.
     Coin age as a tie breaker (technically count of mature coins) is a feature meant to mitigate branches and orphans, as well as incentivize miners to actually include transactions in their blocks. The short version is that nodes will use transaction volume in a block to determine which branch is the correct one and more quickly come to an agreement. This makes it so that including transactions is more important than propagation speed so there is no reason for a miner to mine empty blocks. It can also be used as a method to replace transaction fees for micro transactions.

When I say development I mean programmers writing and testing code that will be part of the wallet/daemon, implementing those features I mentioned and a few more, as well as features we'll need for other projects to integrate (easy hooks for a blockchain explorer for example). I also include the massive amount of research, discussion, and experimentation that takes place as part of that development. 

Yes it is THAT press release and the assumption that a huge investment in the millions has taken place when, in reality, it hasn't. It is just another coin project put together by the IT department of zitr and launched under the auspices of, financial and promotional support, of the mother company. It is a gimmick, a promotional campaign designed to bring more customers to zitr.com, NOT any effort to bring digital currencies to the masses. If you continue using euphemisms, communication will be impossible and, ultimately, quite deceiving. If you do achieve the expected target of bringing new customers to your site, a SIDE EFFECT could be that some of those would be enticed to use digital currencies, but it is neither a priority nor a necessity. Not even a convenience for you; the opposite, if anything. Clearer now?

Now, mind you, you are giving ANYTHING to entice those new potential customers, since it is a pre-mine and it has cost you absolutely zero. And all your enticement to those potential new customers is a paltry 5% discount in your network of merchants. As enticements go, this is very minimal and, as stated before, will be a resounding failure but as a means to attract new customers to zitr.com and, even more so, to bring "crypto to the masses". But reality will sink in on this soon enough, so I will not beat that particular dead horse anymore.

The red flag of 10X cannot go away. It is not just a red flag, it is a HUGE problem. Unshakable. And will hinder the project fatally.

I will tell you how it could be somewhat neutralized though: Doing things right (what a concept, ah?). As in: Making a "contract with investors" by which 10X will be limited to remain as an "angel investor" with both time and targets thresholds to sell their tokens set in writing and legally enforceable. For instance: 10X will not be able to sell any of their coins until a specific price is reached (and sustained, on average, for a month) and then only in amounts no higher than 10% of their total holdings and only during windows of time pre-set before the coin gets to the market. 10X will not be able to sell any of their holdings off-market before offering any potential sale to the current stakeholders for the same price. These are both legal and common-sense obligations in all such cases in the real world, so all of them are pretty standard in any VC or corporate investment scenario, so nothing new really.

As for the "innovations", it is, sorry to say, laughable. Let me just refer you to the recent case of Bytecent where the "protections" were -and remain- gamed. Fact is you need a network of miners, as big as possible, and it makes no difference to you if it is provided by hundreds of small people with ant miners or huge pools in China. Those safeguards you mention won't stop even a 15 year old computer wiz, much less any reputable hacker. Reducing the number or orphans as a tech innovation? Let's just say meh... and of no relevance whatsoever for the purpose of the coin's survival that will depend, exclusively, of it price progression.

And the technical development... I believe there are dozens, probably hundreds of real developers that have worked for over a year in proven projects that would easily discount your research, discussions and experimentation for they have done it all, in spades, for oven a year on a daily basis... and all of it is freely available to anyone that wants to copy/paste it. It goes from very sophisticated wallets -some of which now include video calls and maybe even conferencing for free- to so called, quite euphemistically, "smart contracts". None of it has any practical use in the real world, mind you, for there are regular providers such as Google, Facebook and other that have been providing such for quite a long time already. And the "smart contracts" are quite dumb and unusable for the most part, but your coin would not be able to offer neither anyway because, among other things, as repeatedly stated, your project is not a cryptocurrency, but a -potentially cost effective (for ziftr and its parent company)- promotional campaign.

It's frustrating when the conversation breaks down to who can spend the most time typing very long arguments.  Of course it's always 'team protect their own interests' that can spin the best fiction and theory about new projects to push their own agendas.

At the end of the day Ziftr is an experienced and proven team that is very legit and public about getting into Bitcoin. Let's applaud their ambition to jump in with both feet and help them.  There is no doubt that they are not experienced in bitcoin forum etiquette and have made some PR errors.

Let me break this coin down to what it is...


Loser and his Friend needed money - so they came up with this concept.

If I invest on Ziftrcoin, where can I  I spend it? ??? and How is it to use or integrate?  8)

check the website. lol

This is a good question. Thanks for asking.

First I just want to make it very clear that we aren't guaranteeing ziftrCoin will work with every merchant on our existing shopping site. We do have our "foot in the door" with many of them and in addition we have years of experience working with their sites on a purely technical level. We're also going to be doing everything we can to get as many retailers on possible (big and small) using our ziftrPay system. In fact a large part of the funds from the presale is going directly towards this goal.

As part of this we're working to make it so that our shopping tools work with many crypto currencies, multiple exchanges, and (most importantly) are extremely easy to use for both shopper and retailer. Something in the ballpark of 2 clicks for a shopper to buy things and a simple signup process for retailers to sell things. Decentralization is also an important part of our coin, so anyone is free to accept it directly (the same way they can now with bitcoin, litecoin, dogecoin, etc) if they, for some reason, don't want to integrate with our tools directly. We, of course, can't guarantee the $1 value at those merchants not using ziftrPay.

We're also changing our FAQ to make this more clear and better answer questions like this.

What proof is there that you have already raised $660,000+?  Just want to make sure you aren't blowing smoke up our asses..

You know good and well. If he raised $660,000 he wouldn't still be trying to beat us out of our $30  :)

You know good and well you aren't too smart right?

Exactly. That etiquette will develop in time. Until then, they need to stop talking to Bob...

How will you increase the value of Ziftrcoin?

by pumping with $660k and also "the" $30

there is a lot to say about ICOs, both bad and good....

The sad part is that instead of taking advantage of your already existing web market platform and established company you throw numbers with no backed proofs.

show us an address with the funds, thats a minimum....won't even go throgh the specs without it....
 

the btc address wont accomodate for people who paid cash in person will it?

Dev hasn't been on for 4 days now. 

What does the address matter? Either you believe in them or you don't in my opinion.

No, with all the bullshit and get rich schemes in crypto, there should be some proof of statements made by the DEVs.

If dev uses the ico's money for pumping then it is not hard to take the price where he wants but the need to take risk. I am thinking seriously about this Ziftrcoin to invest in. Just need little more time to watch and think.

If the DEV really has the money he says he does.  I love it, you people think that investing in some coins ICO means an instant 500% profit.  Look back on other coins!!!  The DEV says they have $600,000 already, but they want me to invest .1 BTC.  I'm sorry, it just doesn't smell right.

It seems like they want anyone and everyone to buy some which may be good or bad, but just because someone raises 600k you want them to not want more purchases even if they are only .1 BTC transactions? Why limit purchases to a large amount if you're just trying to raise money?

Look back on some of the other shitcoins where the DEVs have made pie in the sky promises and bolted with the ICO, Premine, ect...

If the DEVs have that kind of backing already, but can't provide proof, then the chances are (or it looks like to me) it's a scam.

I have seen some great websites put together that turned out to be nothing!!  Show me the money!!!

Allegedly he bought Btc with the money.....

Allegedly!!  :D

Will Ziftrcoin last?  ???

is everyone in this thread high right now?

This isn't a DEV saying blah blah blah... This is a real life company making a coin. 

Damn people read some back posts ffs. Jesus. While the bitcoin price festers all you guys can do is just spread FUD. This is truly why this forum is waning.

Wheres this? If they said that then I can see your point.

Thank you for the feedback. We have not to this point provided one public BTC address for the presale because we accepted U.S. dollars for some of our early purchases and have been working to allow the general public to purchase ZRC with U.S. dollars. We've discussed this with our financial and engineering teams and due to the amount of U.S. dollars we've accepted there is no way we can show a single meaningful BTC address that would be representative of current or future funds received.

I know right.

aware yourself fool. Ziftr has been in business before coin was invented. There is REAL company behind this coin.

http://www.ziftr.com/

Articles go back till 2011

http://www.ziftr.com/press/coverage/

How does it work that $1,000 = 5,051 ziftrCOINs? I'm checking out here https://www.ziftrcoin.com/presale/?with-cash

Tis a presale. Means you get cheapy cheapy coins ;)

It looks to me like they are basing the exchange value on the moving BTC-USD price and the current BTC to ZRC exchange rate. I just looked quick and it gave me a price of $1000=4548 ZRC. Roughly speaking $1000= 4.66 BTC atm so with a price of 1 BTC=1010 ZRC (pulled from their website) which gave me 4700 ZRC =4.66 BTC. I dont know where they pull the market rates but seems to be moving based on changing prices.

mmm...cheapies, the fact that they pulled off the USD option is pretty awesome...means they have better credit and standing in the community then some anonymous group.

What the hell is this? You are selling coupons,.... really?

Why shouldn't I prefer to get 3% off by using gyft + btc
or 15% off by using Purse.io + btc? or buy my
products through a friend's affiliate link and have him give me the cash?

This way I get bigger discounts and am not tied down with the complexity of another wallet or
liability of spending the coupons on merchants.

Additionally , just like with the paycoin scam your plugin likely breaks the TOS of the merchants and may eventually
be blocked my them.

Avoid this coin like the plague.

It's important to note that none of the cryptocurrency features/tools we're working on will use a browser plugin/extension. We're working on having as direct an integration as possible. It could possibly vary from merchant to merchant but we have no plans of ever requiring a plugin to use ziftrCoin or ziftrShop. We currently have a browser add-on that is for price comparison, and we may create more (or add to the existing one) if we need to give users additional features (less click, exchange rates, etc), but they won't be required.

I want to make it very clear that we're not claiming (and never have) to have any type of Amazon integration out the gate. That would be a pretty wild claim, to say the least. We're going to do what we can to try and make it happen, but that's an obvious goal since everyone in the online retail space wants a piece of Amazon. Working with big name retailers can be a very lengthy process, even if you "know people", and you are also forced to work at their pace. It can take months. That's one of the reasons our large public give away isn't happening until the end of the year. We want users to be excited about free coins and that means they need a place to spend them.


Purse.io and gyft are both great services. Personally, I use purse.io to turn my Amazon rewards points into bitcoin. It's great, like having a credit card that gives cash back in btc. However you have to admit that neither of them are the way online shopping is "supposed to be." Gyft (I know it has other uses too so I'm specifically talking about with btc) and purse.io are band-aids (good ones that I myself use) to two of the major problems in cryptocurrency. It's hard to get and it's hard to spend.

Ok, well you can see how one can easily be misled by this:

https://www.ziftrcoin.com/what-is-ziftrcoin/


Linking to :

ziftr.com


http://www.ziftr.com/about/sites/

Your sites don't reflect your statement. Which is true?

Wow, You're right. I can see how that is confusing (especially so, when following the flow you pointed out). I'll bring that to the attention of the team and see if we can make that more clear. Just a browser add-on is not the impression we want to give. Browser tools have their place (and there's some great ones out there), but I can honestly say that I personally would be very reluctant to use one targeted specifically at cryptocurrency users.

To clarify, the marketing text on ziftr.com is referring to our existing browser add-on, Ziftr Alerts. What we're trying to say is that with Ziftr Alerts (which is completely unrelated to cryptocurrency) you can get Ziftr's price comparison features yet not be forced to shop directly at ziftr.com. For example what I probably use Ziftr Alerts the most for is that I can begin shopping on Amazon. If I find what I want, I can read reviews and cross shop, then with two clicks into the add-on I can see the exact same product on a brick and mortar store. Then I can easily decide if I want to wait two days (prime member) or go out and get it. Sometimes I just want it now.

Good of you for realizing that it is indeed misleading or dishonest. Although somewhat convenient that any changes to give accurate information to investors will happen after the pre-sale which ends in 6 hours.

So you are suggesting the coupon token you are selling will not be used with large merchants now. Thus the value of such tokens will only be represented by merchant acceptance. When will you publish the list of merchants willing to accept the coupon coins?

It's possible Ziftr got the short end of the stick on this one. I can't help but wonder how many people may have been interested in our coin, clicked through to our shopping site, and then said to themselves, "a browser add-on?? YAWN.. I'll pass on that."

Our pre-sale actually goes on for about 5 more days. That other timer is just when we tick down to the next price.
 


I wouldn't say ziftrCoin won't ever be used with large merchants. We have some pretty big goals set for ourselves. We also have the team and connections in place to have a legitimate shot at achieving those goals. There's always the possibility of failure though, but that's no fun to talk about.

I actually have no idea when we'll start to publish merchants that we'll work with. To be honest, I don't even know which ones we already have. I'm just a lowly developer after all. I do know that we have real merchants already signed up and I know of some of them. We're working on getting more and more merchants signed up and we have some pretty big names (newsworthy even) in the works. I know, I know, I'm sure you've never heard THAT one before. I only say it so that it doesn't seem like we're doing nothing or waiting to see what happens with ziftrCoin's release.

I have question. Your website shows 1 BTC = 1000 ziftercoins for the current presale bracket. A day or so ago it was 1300 ziftrcoins. There are 9 hrs left in this bracket before it supposed to drop to 1000 according the the timer two days ago. Are you using a floating value based on bitcoin value or did you change it?

Your site actually says "Next price: 1 bitcoin (BTC) = 1,000 ziftrCOINs" and "CURRENT RATE: 1 bitcoin (BTC) = 1,000 ziftrCOINs"  Which is it?

Not FUD here, just was expecting to get 1300 to 1 today. Perhaps I missed something?

LMAO, the end user doesn't care what technology their is NOR does the TOS of anyone if you can bring them money.
No TOS is written in stone, it's to keep the noobs and scammers out and very flexible when you can make someone else money ;) 

Our analysts consider many different factors including the current USD/BTC rate, sales volume, and time remaining in the presale when calculating the next ZRC/BTC price.

Working on a Ziftr community if anyone wants to help out, could use some forum staff.

http://ziftrtalk.org/
http://ziftrcointalk.org/

Presale Ends in 16 hours from now at https://www.ziftrcoin.com/presale/?with-cash

The presale is selling blank coupons that allow a 3-4.9% discount that may not be spendable anywhere because they haven't even discussed the merchant list yet.

Why would anybody buy blank coupons, instead of waiting to see where they can be used first?

Shitcoin scams just never end

Filed yet another sec complaint

And, amazingly, people keep on falling for them like flies.

This one is just a scheme to promote their business. Except for those big pocket local investors that surely, as their customer's mandate is, will dump to coins as soon as it becomes adequately profitable.

ZSuW9AtvevZR9XK3xT52GbozmcHTfxB3Zu

I WILL FOLLOW YOU
FIRST ONE TO TRUST AND I WILL DO

Distribution on 100 ZiftrCOIN  began? If that - I the first :) ZWVsebnBPp6n592TLY5eiSAPdAsfLDPPs2

No giveaways on the thread.

solomining on ziftrcoin ubuntu step by step please

Just click mine, cpu only for now

I am now solomining, but after 8 hours waiting. I see 2 hours and now suddenly jump to 12 hours.
No coins minded sadly...

My solominingfor a half of day gave out me 7,4 coins, Xeon X5670

Difficulty is too high now

I guess my pc is too slow to mine.

my hashrat is 100kh/s
network was 20 now 98 mh/s

someone can tell me how to install he wallet on ubuntu instance please the command line please

Where is possible to find information on how to mine this coin?
GPU/CPU/Wallet?
Need some clear info
thanks!

Only in-wallet mining at the moment

Botnets now online

actually not - hashrate is quite low.. 120 MH/s...

it is really not so easy to get something going for this coin... (cpu/gpu miner or a pool)

It must be a gpu miner,no doubt.

What algorithm is it?

It's a commercial secret.  ;D

According to their specs, https://d19y4lldx7po3t.cloudfront.net/assets/docs/coinspecs_022615v2.pdf :

1.5 MINING ALGORITHM
The exact hashing algorithm used is a combination of the 5 finalist algorithms that NIST selected as
candidates for SHA3 (BLAKE, Grøstl, JH, Keccak and Skein). The first in the series, Keccak, is executed,
and then the order of the next four is determined based on the result. In addition, there is an opt-in
process of mining with Proof of Knowledge of transaction data that allows miners to gain a 5% increase
in rewards. Read more about this here.

Sounds like paycoin bs

I just mined a couple ready to dump for btc

I bet this coin will be dirt cheap as soon as it gets listed on exchange.
It's highly likely to be a dedicated scam.

Looks like it's on cryptsy zrc

It's listed on Cryptsy: https://www.cryptsy.com/markets/view/ZRC_USD

As far as I understand the OP, each coin will have a value (at the end of this year) of us$1, that can be applied to get a discount of up to 5% on a purchase at participating merchants.

Let's wait and see.

Rarely do you see coupons that offer only up to a 5% discount sell for the same rate as they save their consumers.
This is especially true if one can get 20-25% discounts with purse.io and brawker.net with a much more secure, trusted and accepted currency.

It is no surprise that you already see it pushed down to 0.75.

hello i have presently 220 ziftrcoin in my wallet and i still mine i have a hashrate of 2.5mh/s

i offer you to pay the fee i pay for my 2.5mh/s split in half and i split all the profit in half plus my 220 ziftrcoin
i need to pay my aws account

wow what machine did you rent for 2.5mh/s ??

i need aws credit or btc to continu i split the profit with you

could we just have one thread?  ???

Where's that?

https://bitcointalk.org/index.php?topic=970363.120

I understand the coupon part, but how can you promise a floor of 1usd a coin?
Is there a big company behind this coin? If no, how will people trust you? I have read the "who we are" part, but i couldnt find anything about the company itself. Is it totally new, started with the presale funds?

They learned from the great Homero

hehe, so we can expect a huge price pump and then a even bigger fallback  ;D

Its already down to 25 cents a coin on cryptsy... Of course they cannot guarantee 1 dollar a coin as they are selling coupons for the opportunity to get up to 5% discounts if you buy through them. No one knows who they are and many that do are also aware that they can save 20-25% with pruse.io or brawker instead of just 5%.

Sorry if I come off harsh but they misled investors and even after I called them out on it and they confirmed they were being misleading they made no corrections throughout the ICO.

I was thinking the same. I currently use purse.io and get a much higher discount without any risk

Ah true indeed, was just thing about purse myself :) I do like the idea, but using it for a currency might not be the best choice as indeed there are already a lot of player out there who offer much more value for your money without all the hassle.

Griftr coin

This coin is severely being raped by gpu miner now  >:(

Dump while you can

Severely raped at 212mh/s ? Really...

https://i.imgur.com/XBDf4R4.png

That's how the $1 redemption for up to 5% of your purchase works.

Ziftr (http://www.ziftr.com/) has been around since 2008, under the parent company myvbo (http://www.myvbo.com/). The coin is a way to get new people into crypto and establish a user base. It's just one part of the model at ziftr, and not even the biggest part. ZiftrPAY API and merchant integration are a big part of it. We're a startup that's shifting over to crypto and applying it to our main industry, ecommerce. The first ziftr product was a price comparing engine to find you the best deal: http://www.ziftr.com/shop/.

More info at: http://www.crn.com/news/components-peripherals/300075170/channel-titan-wilkins-makes-game-changing-cryptocurrency-bet-with-ziftr.htm

Thanks for the explanation. But can you spice up the discount part? I think 5% is a bit to low to attract new investors/crypto lovers as other companies are offering the same with a 25% discount.

I'll stick to easy gyft for 3% off Amazon

5% may seem low if you had to go to an exchange, sign up, make a bid to buy some ZRC, and then go find a place to use it, but that's not exactly the use case that will always take place. Sure, you could do that and save like 4% on your transaction (since there is a cost to getting the ZRC in the first place), and for some people even that will be worth it. But there's another whole audience out there that just has a smart phone and has maybe heard of this bitcoin thing but they've never tried it. Now we can get $100 worth of crypto-coupons into their hands, and get them to start using cryptocurrency. Our mobile wallet (http://www.ziftrwallet.com/), which is in Beta, supports multiple cryptocurrencies and is an easy way to get the coins into the hands of consumers. The coin will probably be most useful to people who do online shopping, though, which is more and more people...

And obviously, yes, this whole thing encourages the use of ziftr's products. But from my point of view, it's a win-win-win for the merchant, consumer, and ziftr. Merchants gets new users, and many of these users who are now introduced to cryptocurrency might start paying with BTC or others and allow the merchant to limit its credit card and fraud costs. Consumer gets ~5% discount. Ziftr gets adoption of the tools it is building and also gets 5% of each transaction.

25% is an extreme case, you must be talking about purse.io. This service, which I think/hope is well meaning, has some problems. One thing that I don't get, why does anyone buy BTC with USD on that website? The 25% savings means that someone else is getting a rip off for the BTC they are buying, as compared to what they could be getting elsewhere. Maybe I am missing something, but that doesn't seem sustainable. There are some legal issues too, like with AML/KYC stuff, that I'm not sure have been worked out.

Ah ok, then yes, it might be interesting for "new people" as free money is always good offcours. But not so interesting for investors like myself...as the services wont be used by us (i would just buy with my card or btc)

And bye the way almost nobody uses purse.io to buy btc, i dont know if that is even possible. It is for people who have btc and want to buy something from amazon. Instead of buying directly they get a 15%/25% discount by using btc. Nobody gets ripped! There are many people who have amazon giftcards and dont want to use them. They got them as a birthday gift or something like that.

So basically the people who want to get rid of their giftcards are buying the products (for the buyers who want to spend his btc). Once bought they get the btc of the buyer and the buyer gets his products in return.

The people who pay with their giftcards are very happy as they just want cash (or in this case btc). For them their giftcards are else useless..as giftcards can not be sold or traded into cash... And both buyers and sellers can set their own discounts...if people find the discount to high they just dont buy it.

Oh, I didn't know giftcards was the main use case. That makes a little more sense, I guess I'd rather have $15 than a $20 giftcard to some site I never use. I use amazon, though, so I probably wouldn't use purse for buying BTC.

Internally we have a bunch of features and/or plans for current/experienced bitcoin and other crypto currency users too. We just try not to promote things we can't guarantee (under promise and over deliver and all that).

For example some things that we want and are working towards (but again not promising):
- merchants accepting any and all coins that have sufficient market volume to handle the sell pressure (including ziftrCoin at market value)
- making purchases in multiple currencies (such as part credit card, part bitcoin, part ziftrcoin)
- merchants offering discounts or rewards for making purchases entirely in crypto currency (as in no credit cards)
- ziftrPay working with merchant's existing gift card and points systems (eg you could get 3% from gyft AND 5ish% from ziftrcoin)
- automatic arbitrage through multiple exchanges giving shoppers a better rate when the merchant exchanges to fiat
-

As cool as that sounds, I boycott any business that accepts any alt and punish them with a credit card. I got a high rewards amex to inflict the most damage.

You should all watch this video about altcoins released yesterday.

https://www.youtube.com/watch?v=cIasr2AiyZ0&feature=youtu.be

Will you release a CPU miner without the wallet ?

I've got a Pool set up:

https://ziftr.suprnova.cc

A CPU Miner and the instructions (read them!) is in the "Getting Started" Section - It currently has a little bug, hopefully someone with better C coding/debugging skills than me finds it, it's sending duplicates sometimes, not sure why. So after some "yay!!"'s you'll get a series of fast "boo"'s until a new block is announced... Its probably a minor thing and someone will point it out quickly so I can merge it to my github repo.

If you have any problems, contact me, I consider the pool beta now, lets see how it goes.

I cannot seem to find a Windows miner ???

Someone would need to compile the CPU Miner in the "Getting Started" Section on the Pool for Windows and publish it here since I'm curently not able to compile it, sorry, linux only at the moment.

Could someone please compile the miner for Windows x64 ?

There were some deps missing in the file "Makefile.am" - updated and pushed the fixed version to github, it will compile fine now.

ocminer can u help me ?  http://oi62.tinypic.com/am8nq8.jpg

What is your commandline ?

./minerd --url=stratum+tcp://ziftr.suprnova.cc:9991 -u Weblogin.WorkerName -p WorkerPassword

 ???

That's wrong, look at the Getting Started page on the pool:

./minerd -a ziftr -o http://ziftr.suprnova.cc:9991 -u Weblogin.WorkerName -p WorkerPassword

ah thank you :D working , :D
o.O boo!!!

You get several yays and some boos, the boos are due to a Bug which i am currently looking into, maybe some other dev knows why the miner is sending duplicates sometimes

what kind of kernel is this ziftr? will it be working with ccminer?

The hashing algo is called "ZR5" - And sure it will/can/should work with ccminer - if someone ports it there.

a brand new algo? was sgminer created with this algo?

Nope, only CPU yet

Very basic version, generic (not optimisations) for windows 32 bits here : http://singman.free.fr/download/minerd-ziftr.win32.2015-03-04.zip
I packed all the standard libs with minerd, not sure if everything is needed, it's a very basic work, more will come later when I get some spare time.
Feel free to report bugs if you find them :)

Edit : just corrected a lib depend error, tested and working on Win 8.1 64bits and Win XP 32bits.

Why r some of my workers appear and disappear from time to time on ziftr.suprnova.cc?

if you do not send a share within 3 minutes, you're removed from the stats and considered "offline" - don't worry, its just an optical thing

Thx :). And the shares are pure luck or should i send them all the time?

i have about 1000 share and 0.25 with supernova?

Can this be solo mined with a GridSeed?   From what i understand this is a Scrypt Coin.   How can i configure my wallet for this?   

^ It is not a scrypt coin, so it can't be mined with greedseed.

https://www.facebook.com/pages/Ziftrcoin/785233298228414

Forgot to delete that once i found the algo type. 

is it suppose to be the ANN thread for ziftrcoin?

where is the block explorer?
thank you

ok, nevermind.... i found one here : http://explorer.myziftr.com/

Nice to see value of ZRC increasing now  :)

Go Ziftr Go!

You drew a single motion 450 million coins.
Information from http://coinmarketcap.com/currencies/views/filter-non-mineable/

https://i.imgur.com/nGUsi5B.png

Great knight's move that would be easy to sell your premine.
My congratulations to you excellent puppeteers.  :D
Need a lot of hamster meat that would satisfy your appetite.
Good luck in the new pyramid Ponzi  :D
I can only wonder how many are now artificially inflated the price of your coin.

coin scam

just scammers involve

In my opinion it is a good doll coin  ;D
 Developers can earn good money by selling your premine. How much does it cost now to add your coin on the exchanger cryptsy?
I heard that 100 Bitcoins. Or do you guys just shared with the owner of the stock exchange own premine?

i bought 14 in presale by 0.01 btc.......disaster

I bought X,XXX ZRC thanks to people like you, I already secure my profit

ZRC is Traded live  :D

The organizer of this zoo is always a plus.
Even if you have time to sell all of its non premine. When the price this pacifier  to be 0.1 cents, you will hear the bleating of bobbed sheeps :D

http://coinmarketcap.com/currencies/ziftrcoin/#charts

Trading at 8 pennies for a coin whose main selling point was stability and a dollar peg. The disaster is that this coin never reached anywhere near a dollar and has been sliding downhill from its inception.

They could have benefited and gained respect from the community by simply integrating bitcoin but they had to show greed and hubris of launching their own token and anyone that bought in is paying the price.

At least those that listened to our early warnings avoided this mess.

We never said or tried to imply that the coin would be traded at $1 each, in fact we have tried to be very clear that the $1 value is not guaranteed on any exchange. I think people see the $1 language and just assume they know what's coming next so don't read on.

The coin is a coupon that can be given away to newbies to let them try cryptocurrency, basically giving them a $100 coupon incentive to get some cryptocurrency and try it out (and, obviously, this is good for us too because it gets us new users to try the products we are building around cryptocurrency as well). But literally EVERY product/service we put out there is being built with support for multiple cryptocurrencies. We are integrating bitcoin, as well as Litecoin, Dogecoin, and more to follow.

See https://bitcointalk.org/index.php?topic=894605.msg9995327#msg9995327 for more details on how this $1 value can be guaranteed.

I see that it's premine coin has made progress, since my last message  ;D

https://i.imgur.com/SU7GvPQ.png

It's like a bottomless well that sucks in all Bitcoins for the gullible investors :D

And finally delisting in bittrex, really nonsense!

100% shitcoin

Shitcoins are shit.  :)

ZRC added to our exchange

https://safecex.com/market?q=ZRC/BTC

GoCoin will rebrand ZiftrCoin to "GoCoin" and integrate it as a payment method for all merchants:

https://www.reddit.com/r/ziftrCOIN/comments/4cghiz/the_first_of_many_updates_from_the_gocoin_team/

ZRC Updates can be found here. Direct from ShadedJon (Shopify, cc acceptance, merchants, marketing, merchants,)

Q-A:reaching 50 won't be difficult
That's easily done within the next 1-2 months
those 50 merchants start seeing a significantly higher % of customers completing their checkout
the next batch of merchants interested in signing up could be much much bigger

https://discord.gg/YDuFYqj

Buy silver with ZRC

https://discord.gg/YDuFYqj

ShadedJon-09/24/2016
Yes
ZiftrCoin and GoCoin merged
AU_AG-09/24/2016
Well that is great news
ShadedJon-09/24/2016
That happened almost a year ago I think
AU_AG-09/24/2016
It's been a few yrs that ZRC has been out there. It seems that progess is very slowley happening almost at a crawl speed. What is the reason behind that?
ShadedJon-09/24/2016
Well the merger took awhile
I can only really speak to the last 6(?) or so months that I've been on the team
Platform was revamped, we got it operational, got the first merchants up, then had to focus on making sure all the internal features were working
AU_AG-09/24/2016
Has GoPayWin said what there vision is for ZRC or how the plan on accomplishing it and how they are helping in that effort?
ShadedJon-09/24/2016
I've been putting out updates about it
It's still the fundamental vision of what ZRC was supposed to be
AU_AG-09/24/2016
Where can we go to see the latest updates?
ShadedJon-09/24/2016
Just modified under the new company's perspective
I've been posting it mainly to the ZiftrCoin subreddit
AU_AG-09/24/2016
Is there a Roadmap if so where can we go to see it?
ShadedJon-09/24/2016
We haven't published a roadmap with any sorts of deadlines
AU_AG-09/24/2016
The last update was abt a GoPayWin wallet is that the update u are talking abt?
ShadedJon-09/24/2016
The series of updates I've posted there
the GPW wallet* is essential for getting consumers using our platform though(edited)
AU_AG-09/24/2016
Do You see retailers being open to the ZRC rewards program? If u do why is there so few retailers onboard?
ShadedJon-09/24/2016
Everything we've been trying to do with GoPayWin is about convincing retailers to join.
That's the main difference, in my opinion, from ZiftrPay
At this point though, the platform still has a ton of rough edges
We don't have enough integration options yet either
Those are two things we've been working on the past few weeks
AU_AG-09/24/2016
Final Question. What is the time frame that U realistically believe ZRC will be rolled out and a good amt of retailers accepting this program and the closed loop project to be opened?
ShadedJon-09/24/2016
Good question
AU_AG-09/24/2016
s
ShadedJon-09/24/2016
What's your level for good amount?
AU_AG-09/24/2016
I guess thats relative. But what ever amt would make ZRC to get moving. Definatly more than 3.
ShadedJon-09/24/2016
I think once we get the integrations finished, reaching 50 won't be difficult
That's easily done within the next 1-2 months
The big thing is going to be seeing how the platform scales, and most importantly how retailers improve in the checkout
If those 50 merchants start seeing a significantly higher % of customers completing their checkout
the next batch of merchants interested in signing up could be much much bigger
AU_AG-09/24/2016
That's Great to hear. And Great info. Im am so glad You could join me hear. To enstille confidence in this project.
Thank You for your time. And I hope you wil be around for updates or other member questions.
ShadedJon-09/24/2016
Yeah I'm around
Hope you guys don't mind the (questionably) unprofessional icon
I don't think you can change it per discord server
AU_AG-09/24/2016
No its all good. We are here for the great insight u have provided. Will be wainting in anticipation in the nex 1-6 mo
ShadedJon-09/24/2016
I'd be adding more updates on the subreddit if I had things to talk about
but the last couple months have been nothing but development work

Hey there!
We've ramped up development on the platform to make sure that merchants will find it easy to use our processing solution.
If you haven't made a merchant account on GoPayWin, let me show you a screenshot and some of the changes:
http://imgur.com/5DC03Um
The dashboard has been cleaned up entirely.
Orders and invoices list, you can create an invoice using our handy invoice form tool, or you can simply request a quick payment from a customer using the quick invoice tool.
Recurring billing is now free for all merchants, simply use the subscription tools to make subscription plans and to send emails out with an invoice to pay.
Additionally we have the Buy Now button generator, which allows anyone to make a simple embed-able button that'll generate an invoice for a product.
All of these merchant tools will allow any merchant, regardless of their technical knowledge, to be able to process with GoPayWin.
The next major step for us is pushing the integration plugins live, mainly WooCommerce, Shopify, and Magento.
Once those three are live and in the merchant dashboard, we can solicit all of GoCoin's merchants to see who wants to add credit card processing.
Thanks,

Also 2-fac auth got added
ShadedJon-Last Monday at 2:25 AM
I understand the frustration at the price.
It's the lowest it has ever been.
What we have been working towards as a company is increased merchant usage. We're looking for actual utility, and promise.
That sort of exploration, that sort of premise, takes time.(edited)
I'm willing to admit that the individuals in this room, and a scant few outside it, are the last faithful few in the vision that ZiftrPay opened, and GoCoin seized upon.
The question left remaining is whether we will be able to iterate upon that vision, and make it into something merchants will use.
We've done all the development into making the base of this project solid. We've created a platform that any general merchant can use.
We've added the additional factor of making a loyalty points program using ZRC
And that is not something we will give up.
Any merchant that we sign up to gopaywin can use ZRC (now rebranded as GoPoint) to grow their business and grow the GPW community as a whole.
Anyone who tells you any change in the ecommerce space, and even the brick and mortar space , will occur quickly is wrong.
It's slow and meaningful change.


I was wondering, how big is the ZRC dev team?
ShadedJon-Last Sunday at 9:33 PM
I would have to count
Somewhere between 4-8

ShadedJon-Last Monday at 2:38 AM
I've pointed at this in the updates I've given
but the big issue is that most of the updates we do aren't notable on the frontend @Bunglee
I think about 3 weeks of devtime alone were taken up dealing with criteria our partner demanded on us to be able to process credit cards

ShadedJon-Last Monday at 3:23 AM
That's my masters in a nutshell  
For the past couple months, we needed development work on the platform to get it up to par
The goal here (at least in my eyes) is to make a payment processing plaform that converts better than conventional plaforms(edited)
That's not something that happens overnight.(edited)

ShadedJon-Last Tuesday at 5:23 PM
Been working on shopify integration

Small update. (self.ziftrCOIN)
submitted 1 day ago by Shadedjon
This update will be shorter this week since we're still working on a lot of backend issues.
We're getting closer to having all the integrations done.
We've begun focusing more resources from GoCoin into GoPayWin and brainstorming on the timeline for marketing and future features.
I'll try to push out more smaller updates like you guys requested, even if there isn't much content for public consumption.

AU_AG - Last Wednesday at 3:15 PM
By dec we going to be ready to have 50 merchants?

ShadedJon - Last Wednesday at 3:27 PM
I'd say January is a better goal post for that

https://discord.gg/YDuFYqj

Update - Magento / WooCommerce (self.ziftrCOIN)
submitted 3 hours ago by Shadedjon
Currently in progress:
New graphical/marketing-related changes to the homepage.
Finishing up marketing assets/images for hard launch of GoPayWin
Magento plugin nearing completion (less than two weeks)
WooCommerce plugin nearing release (less than two weeks)
In the pipeline: Some backend changes to accommodate more merchants
It's feeling at this point that we're right on the cusp of being able to go out and market our platform fully. Once we have Magento, WooCommerce, and our beta Shopify plugin ready to roll, we can start to push to platform and stop spending so much time on development.

https://www.reddit.com/r/ziftrCOIN/comments/5dhlyj/update_magento_woocommerce/

Up 221%

https://images.discordapp.net/.eJwNzEsOhCAQANG7sOfTLah4jTmAIUDARGkD7Woydx93lbeor3j6KTZRme-xaZ2OEaknNZh6KFkVonLmcB9DRbp0YA6xXrnx0IiLM26eHUzWO7Ru1eim1SJ4u3hvDMzG6E_sObdRiXd8RQJKAxK8hOnt_Z2q0FKnI6lYO11Z3a2I3x-cMS8-.PNo8mAbZO7sNlCuSM7QXoV5kQBM

B2B Marketing starting

new http://gocoin.com website
Integrate ZRC into your shop for free with GoCoin. Accept Bitcoin, Litecoin, Ziftercoin (GPW) and other digital currencies.

ShadedJon - Today at 1:20 PM
https://www.reddit.com/r/ziftrCOIN/comments/5fy5vn/update_dev_work_on_the_platform_is_essentially/
reddit
Update - Dev work on the platform is essentially finished. • /r/...
We're still finishing up the integration plugins, but the GPW backend is essentially finished for this phase of the project. There might be...

We're still finishing up the integration plugins, but the GPW backend is essentially finished for this phase of the project.
There might be occasional bug fixes but other than that no huge development work will be done.
Now our focus is going to be B2B sales, and once we have the integration plugins finished we will begin approaching more merchants about accepting GoPayWin.

Yes, this kinds of attempt and trial go on and on.

I am some worried about these things.


From wan.

WWW.MyGeoMall.com auction site is accepting ZRC as payment. Just Sign up and List your auction items for free. No fees direct payment.

This site doesnt seem to have any working links

Is there any use or value for this coin?

BTW, ZiftrCoin (ZRC) is listed on https://btcpop.co/Exchange/ZRC

Not a great trading volume, but this will change once recode is launched with new trading pairs and API. If you found this useful, you could use my ref link in my signature to sign up. Thanks

hi  guys any updated information available for this  project,its already  april and yet there is no post yet ,hope guys update us

https://btcpop.co/Exchange/ZRC