Hello everybody. I bought a coin more than 1 year ago. And during this time I do not see the growth of the coin. I hope that the developers are actively working with the coin. Good luck to all.
You need to learn how to trade. If you have not made money off of this coin , you have no one to blame but yourself. Short Term Gains can be made by arbitrage between the exchanges on a daily basis. https://www.investopedia.com/terms/a/arbitrage.aspLong Term Gains require holding 3 years to 10 years. Example : If you had purchased zeitcoins exactly 3 years ago today, it was .000004 of a US Dollar, and today exactly 3 years later it is going for .000118 of a US Dollar. That is a gain of 29.5X the original investment.* This is the big win, but patience is required as time has proven. * ** You never lose or earn anything until you sell to lock in a profit or loss. ** FYI: The Growth is occurring Globally. Countries with ZEITCOINS, Click Geo Location tabUnited States of America Russian Federation Germany Indonesia Tunisia Austria United Kingdom Netherlands Italy India Nepal France Bahrain Thailand China Japan Brazil Israel Saudi Arabia Ukraine Lithuania Greece Switzerland Canada Belgium Spain Australia Taiwan Finland Singapore Mexico Romania Honduras Argentina Poland Cyprus Sweden Moldova (Republic of) Bulgaria South Africa Turkey Ireland Slovakia Serbia FYI2: If you brought in 1 year ago today as you claimed in the previous post. Your buy in price was .000014 and today our price is .000118 . That is still a Gain of 8.43X verses the US Dollar in 1 year. Plus there was a brief price spike all the way up to .000581 on Jan 8th, 2018 where the zeitcoin price was .000581, if you had sold on that day, you could have earned 41.5X your original investment. Seems to me , you're just a whiner that does not know how he wants to trade.
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if you once sit on your 51% Pos of Shit - there are no externalities (operational risks) that will change this in any future and you will be king for ever. This centralization is than for EVER.
In a PoW system you have by far moar skin in the game and that makes a PoW moar secure by far - since you have a latent / permanent decentralization pressure (by far higher than in a PoS by the in PoS absent op risks) at work ALL THE TIME
Have you ever heard about entropy and energy?
Simple example: PoS is like buying ONCE a cool firewall system - and than never care about it later / ever ...
Man , you are a crybaby. Control of PoW always centralizes to the rich. Or would you like to share the location and number of warehouses you personally own that mine your bitcoin cash. Those Chinese miners can block your transactions any time they like for an indefinite period. (That is centralization!) PoW is a dying system that is doomed to run off a cliff, keep putting your money into it. In regards to your attempt about PoS externals. Only badly designed PoS with high inflation can you maintain permanent high % by staking only and never selling your principle. However take for instant zeitcoin, it runs on Proof of Stake and it makes less than 500 coins per day. In their coin PoS is used as a consensus method and not as an insane free coin generator. You have to sell your principle amount to earn any fiat , therefore lowering your future staking %. So in other words, when you sell some of it you change your staking % or you have to buy more to have a higher staking %. The other PoS advantage of energy efficiently will in the end , kill off all PoW coins, unless they follow Eth and switch to a PoS consensus that is sustainable. FYI: That line under your avatar is ironic. Remove The MiddlemenSadly you fail to grasp the ASIC Miners are the middlemen and they determine if your transactions make it into a block or not. Since no one can maintain over 51% control over a PoS network for an indefinite amount of time like one can with a PoW network, your transactions on a well designed PoS network can never be denied for long. Nope - your PoS moguls are the Middle Men - forever - Get your time frame and all risks right and you'll understand it. What you 'try' to do with your 'right' PoS is just to create this complex firewall ONCE - no other external work is spend to this after - good luck investing in such a Proof of Shit. Enjoy your PoW Delusions in time it will mean Proven overly Worthless ! The open markets will decide all that for us - and PoW has biggest share by far - still Which is why you are going to lose the most money by ignoring PoW flawed design.
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if you once sit on your 51% Pos of Shit - there are no externalities (operational risks) that will change this in any future and you will be king for ever. This centralization is than for EVER.
In a PoW system you have by far moar skin in the game and that makes a PoW moar secure by far - since you have a latent / permanent decentralization pressure (by far higher than in a PoS by the in PoS absent op risks) at work ALL THE TIME
Have you ever heard about entropy and energy?
Simple example: PoS is like buying ONCE a cool firewall system - and than never care about it later / ever ...
Man , you are a crybaby. Control of PoW always centralizes to the rich. Or would you like to share the location and number of warehouses you personally own that mine your bitcoin cash. Those Chinese miners can block your transactions any time they like for an indefinite period. (That is centralization!) PoW is a dying system that is doomed to run off a cliff, keep putting your money into it. In regards to your attempt about PoS externals. Only badly designed PoS with high inflation can you maintain permanent high % by staking only and never selling your principle. However take for instant zeitcoin, it runs on Proof of Stake and it makes less than 500 coins per day. In their coin PoS is used as a consensus method and not as an insane free coin generator. You have to sell your principle amount to earn any fiat , therefore lowering your future staking %. So in other words, when you sell some of it you change your staking % or you have to buy more to have a higher staking %. The other PoS advantage of energy efficiently will in the end , kill off all PoW coins, unless they follow Eth and switch to a PoS consensus that is sustainable. FYI: That line under your avatar is ironic. Remove The MiddlemenSadly you fail to grasp the ASIC Miners are the middlemen and they determine if your transactions make it into a block or not. Since no one can maintain over 51% control over a PoS network for an indefinite amount of time like one can with a PoW network, your transactions on a well designed PoS network can never be denied for long. Nope - your PoS moguls are the Middle Men - forever - Get your time frame and all risks right and you'll understand it. What you 'try' to do with your 'right' PoS is just to create this complex firewall ONCE - no other external work is spend to this after - good luck investing in such a Proof of Shit. Enjoy your PoW Delusions in time it will mean Proven overly Worthless !
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I wasted my last paycheck on Zeitcoin and I couldn't withdraw my coins either Its an absolute scam I mean just look at this ladies face in the video she just can't wait to steal your bitcoin with that evil smile. I was also lrd into thinking I could earn 5% a day in the invest box.. that lasted 2 days? Oh well Im still rich so what ever but I do not reccomend this or you might get zeitgeisted. What kind of stupid jackass are you? Oops, answered that you are the stupid kind. Where did you buy coins that you were not able to withdraw, if you had bothered to read the OP , it has stated Yobit has been running a no deposit , no withdraw scam on zeitcoins from over a year. WTF are you talking about 5% per day, again if you bothered to actually read the OP of this forum , it states : Final Rate ULI : .0005%* Been that way since Aug 11, 2017 and that is per YEAR, not per day.*3rd and most irritating zeitcoin has zero ties whatsoever to the scammers know as zeitgeist movement. Maybe you should read up on a coin before you buy it, as your statements only prove you did no research what so ever. I am glad you are rich , that way I can tell you what an absolute dumbass you are, with no concern for your feelings, because you are one stupid moron. Next time Richie Rich, read the OPs and ask questions in the forums , instead of investing like a drunken sailor at the craps table. By the way , if it was Yobit that took money from you for coins that they did not let you withdraw , Sue them in court for being a fraudulent exchange and make a ton of money off of that. It is not like you can't point to reference links in these forums pointing out that their exchanges have not allowed deposits or withdrawals for many months to years.
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if you once sit on your 51% Pos of Shit - there are no externalities (operational risks) that will change this in any future and you will be king for ever. This centralization is than for EVER.
In a PoW system you have by far moar skin in the game and that makes a PoW moar secure by far - since you have a latent / permanent decentralization pressure (by far higher than in a PoS by the in PoS absent op risks) at work ALL THE TIME
Have you ever heard about entropy and energy?
Simple example: PoS is like buying ONCE a cool firewall system - and than never care about it later / ever ...
Man , you are a crybaby. Control of PoW always centralizes to the rich. Or would you like to share the location and number of warehouses you personally own that mine your bitcoin cash. Those Chinese miners can block your transactions any time they like for an indefinite period. (That is centralization!) PoW is a dying system that is doomed to run off a cliff, keep putting your money into it. In regards to your attempt about PoS externals. Only badly designed PoS with high inflation can you maintain permanent high % by staking only and never selling your principle. However take for instant zeitcoin, it runs on Proof of Stake and it makes less than 500 coins per day. In their coin PoS is used as a consensus method and not as an insane free coin generator. You have to sell your principle amount to earn any fiat , therefore lowering your future staking %. So in other words, when you sell some of it you change your staking % or you have to buy more to have a higher staking %. The other PoS advantage of energy efficiently will in the end , kill off all PoW coins, unless they follow Eth and switch to a PoS consensus that is sustainable. FYI: That line under your avatar is ironic. Remove The MiddlemenSadly you fail to grasp the ASIC Miners are the middlemen and they determine if your transactions make it into a block or not. Since no one can maintain over 51% control over a PoS network for an indefinite amount of time like one can with a PoW network, your transactions on a well designed PoS network can never be denied for long.
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So, without trying to mention another coin, a certain other coin, also in the sub-cent range has started with a concept called POMA (Proof of Mass Adoption). Really, it's just a fancy term for "Hey look! We created an infrastructure for some coin, but it can work with any coin in the future."
Essentially, the POMA team has created WordPress Plugins so that the coin can be used as an accepted currency within WooCommerce. That's but one of the many initiatives.
Wouldn't we benefit from having Zeitcoin become a part of that infrastructure? A place where we can actually use it as a method of payment? I'd be lying to say it wouldn't be cool for two of the obscure cryptocurrencies I'm involved with to become part of that.
ZEITCOIN can be used a form of payment right now, without anything else being done. Place your zeit address on a web site, the other party emails you their order or just fills out the order page to place their order, The other party confirms their transaction id where they paid you on the order form or in an email. You verify the transaction id and your updated balance and provide the product or service to them. (If you renege, they can use the transaction id as proof of payment and sue you, just like if they had paid you with a money order and you did not ship their product.)or Use Cryptopia or Trade Satoshi and send offline payments to an exchange's user name. Zeitcoin address are not like credit cards, anyone can see your address, but only the person with the private keys can send the coins. FYI: I think one of the things that gets lost in translation, is the Ultimate Goal for ZEITCOIN is to be used in place of FIAT completely. We want to have direct payments as much as possible without middlemen getting inbetween the transactions, except for exchanges that do offchain transactions, which some people want to avoid it being recorded in our onchain history. FYI2: We had the wordpress payment option, when we were part of coinpayments, No one used it.
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PoS does not reinforce historical consensus. Every subsequent block in a PoW chain makes the history below it more secure because the cost of reversing it is superlinear in the number of blocks built on top. In PoS, this is not the case, the cost of producing a block is a constant, therefore the cost of reversing history is a constant
Sorry to tell you , that you are wrong, but you are wrong. In many proof of stake coins, you burn Coin Age when you stake, as unlike PoW ASICS which has constant access to try and find a block, In proof of stake , when a block is generated, those coins become dormant for a length of time and can no longer affect block generation until a specific amount of time has passed and they build up enough age to stake again. (Varies with different implementations)
Also the cost of trying to reverse a Proof of stake history become more difficult with every block generated. Because there is no way to maintain a dominant % when you are constantly losing a coin staking % & age every time you stake. In Short , If I have 51% of a PoW mining operation, I can maintain control of that network constantly. (Like the Chinese with Bitcoin & Litecoin)But in a PoS network, my 51% will be a constant flux with the rest of the network, meaning constant control of the PoS network is not possible. Which is one reason PoS is superior to PoW, energy efficiently being the other. FYI: If you purchased 51% of a PoS coin network, you drove the price of that coin sky high.
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So you mean it is not fixable?
Nothing to fix , you should always encrypt the wallet so it is not trying to stake when it is not synced. If you don't want to see those transactions, then you can always create a new wallet and transfer your coins to a new wallet so all of the transaction data is clean. But it does not affect how the wallet operates at all. You can also click in the tab that says All and filter the results by choosing a specific task such as Received with or Sent to .
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the biggest problem zeit is going through right now is not the price, but the trading volume that`s too low
Well feel free to trade as much as you want to get it where you want it to be. FYI: Price & Value are not the same things, Zeitcoin true value has not been recognized by the majority (This provides opportunity to get zeit before this realization occurs.) Price is being manipulated lower by whales , so they can acquire more and get rid of the weak hands before they attempt to raise the price and profit. Zeitcoin survived trading volumes & prices much lower than what it is now, so trading volume really has little effect on the technical network value or function. The advantage to being energy efficient , zeitcoin can weather any storm. All an investor has to do is decide their strategy and follow through. Time will take care of the rest.
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Hi Guys Is there an issue with SouthExchange ? It tells me that I cant transfer my 1.4m Zeitcoins to my wallet due to the
'TUN network is having issues. Deposits and withdrawals will be disabled until the network is working fine.'
That is a notification message regarding the tun network. Click the X to the right of it , to close it. It has nothing to do with Zeitcoin. However their systems are out of sync for the moment: SouthXchange @southxchange 13m13 minutes ago
We are doing maintenance on our servers. Do expect delays in deposits and withdrawals, and random errors in the site.
Check their twitter for updates : https://twitter.com/southxchange Update: SouthXchange @southxchange 55m55 minutes ago
Everything should be back to normal now. Deposits and withdrawals are slowly being processed. Sorry for the inconvenience!
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Last time fully synced - 3 years ago
Yes, you definitely need to download the latest version of zeitcoin. Then download and install the snapshot. Just follow the steps from the previous post and you should be good. * Be sure to have a backup of that wallet.dat 1st *
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Hello,
I'm trying to synchronize my wallet, but I see this! WARNING: Checkpoint is too old. Wait for block chain to download, or notify developers.
Also on each transaction I can see this! Offline 0 confurmations Generated but not accepted mined
Can someone help me?
Copied info from the OP. If this is not a new install , make a wallet.dat backup 1stUpdate to the last wallet release Only Download from the Alternate & Knights slack forum links *Always Verify the Checksums Match before using any Downloaded Wallet*Windows Wallet Checksums | MD5 Checksum: | F760A679B086CEA7FA4FA0F0448B5906 | SHA-1 Checksum: | DFDC8DCB8F9959CFD8639D3FAE5BA5B2B113FC4A | SHA-256 Checksum: | 23E0E002A3FBBDD8EB174084EF9E7DC29F318DAE3196DE9A2C9271B60464525F | SHA-512 Checksum: | 3140F7553E34BC22A1D791D162382205986B43EC93259A69E13CD7E70C214CAB01B3CB42F3346B0 6DCEBC6EAA46DA62395B26B3A1BC481E746F117CB2DA71116 |
Wallets Downloads Available on Zeit-Knights.slack.com Under the Announcements Section. or Alternate Wallets Download Sites Windows 2.0.2.1 Alternate Download? For Newbies a Step by Step Guide to installing the ZEIT Wallet. ? Download & Install the ZEIT BlockChain SnapShot for New or Active Wallets.Download and install the snapshot. Just wondering is this an old install and you never updated to the ULI version last year? When is the last time you were fully synced?
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Hello everybody. I hope ZeitCoin will take a normal position. And there will be a trade volume of at least 10 million a day. Now it's sad. Good luck to all.
Your posts are sad, aside from being useless , do you do anything for this coin?
or are you only posting to advertise that Obizcoin ICO Scam.
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We hear a lot about stablecoins these days, do you think ZEIT could fall into this category ?
Without a doubt.
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Masternodes are irrelevant as they can run on PoW or PoS.
Staking will win out , as the ever increasing price of PoW will make it unusable at some point.
PoW electric resource drain and combative nature will fail against PoS Energy Efficiently and it's cooperative nature.
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Higher volume would signal accumulation phase. I don't think we see that in ZEIT, at least for now.
Though, interesting view. ZEIT horizon is very very far. I will HODL my small bag, but won't buy more.
Well , you are entitled to your opinion. Mine is the accumulation phase is happening right now thru micro buys. No matter Buy, Sell, or Hold, zeitcoin's destiny is a certainly.
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FYI: So why are those sell orders at 2 sat holding the price down. That is because their are one or more whales are using those sell walls to accumulate zeitcoins at a ridiculously low price , before they relent and watch the price skyrocket along with their investment. Whales current strategy : Position Building & Suppressing prices Smartest play by all investors is to accumulate as many zeitcoins as possible while the whales are still suppressing the price.
Thank you for your educated answer. While i can't totally disagree on the first part, your conclusion seems far fetched. I don't think there is such a thing as a Whale conspiracy. It's juste the game of supply and demand, people go where it is profitable. Supply is high because the whales don't believe in the coin anymore and what appears as a huge sell wall is just people trying to unload as they can. Demand is very low. That's the exact opposite of what a good investor would seek : low supply, high demand, and good entry price. Here you may still have a good entry price, only if you change a parameter. If not the interest rate, what could be done ? Whales Manipulate a market by locking the price below a threshold and micro buy over time , and later once they have accumulated their desired amount, remove their walls and the price shoots up, this is happening to all of the crypto coins in existence today. Enough of the global populace is not yet using enough of any coin to overpower the influence the whales are currently exerting on the markets. Part of the reason for the ZEIT KNIGHTS is to stabilize the supply and prevent the whales from centralizing the coin as they are in most coins. Proof of Stake is more secure with larger numbers of coins, verses small quantity. ZEIT still has to have 1 more hard fork , the next hard fork will fix it so transactions fee are added to the stakers interest when they stake. Plus it will need to change the current transaction fee from .1 to .001 Once those changes occur and the usage of zeitcoin grows globally, people that stake will earn the ULI plus the transaction fees. When the transaction are at : ¼ Capacity = 3024 zeitcoins will be paid out as fees per day ½ Capacity = 6048 zeitcoins will be paid out as fees per day 3/4 Capacity = 9072 zeitcoins will be paid out as fees per day Full Capacity = 12096 zeitcoins will be paid out as fees per day The Advantage to this design is that the fees do not increase the supply , so they won't cause a corresponding drop in price per coin like increased interest does. Supply will be basically a constant, and as usage grows so too will the value and the transaction fees will pay the stakers more than the ULI interest earned. As we are no where near even ¼ capacity, we have plenty of time before the hard fork is required, will probably be in 2019. FYI: Once Zeitcoin Full Capacity get near , we will increase the block size or speed up the blockspeed, so that users can earn more coins per day from transactions. That is many years off. FYI2: To understand the mindset of the whales and their strategy, read https://steemit.com/bitcoin/@joseph/wolong-the-game-of-deception-unedited-version All one has to do , is realize the Zeitcoin is going to be a true decentralized world payment system and in time Stakers will make a living off of staking alone , never needing to sell anything but the transaction fees they earned by processing transactions. The Whales are playing their games now, but when mass adoption really occurs, those whales will be blown away as if they were the smallest guppies.
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I like this coin and HODL a small bag. And yet i think it's not going anywhere. A website is useless.
What would revive the coin is a higher interest rate and only this.
5% would be good, it's not inflationnary because there are lost coins every year, and still it rewards people for holding the coin long term.
This coin has the lowest of the lowest interest rate of all the PoS coins on earth. Just check out poslist.org, ZEIT is no longer competitive.
5% is too high, reason being the quantity of coins required to be a Global Coin. 36,971,185,859 * 5% = 1848559292.95 new coins per year 1848559292.95 /365 days = 5064546 new coins per day Meaning to maintain 1 penny US requires $50645.46 of new investment every day Meaning to maintain 1 dollar US requires $5064546 of new investment every day With the ULI activated at .0005% interest rate 36,971,185,859 * .0005% = 184856 new coins per year 184856 /365 days = 506 new coins per day Meaning to maintain 1 penny US requires $5 .06 of new investment every day Meaning to maintain 1 dollar US requires $506 of new investment every day ZEITCOIN's Target Price is between 1 US Penny and 1 US Dollar, anyone that can not see that this will happen over time is not using math. The ULI makes the price per coin grow over time , verses high inflation which only increases the supply of coins while forever decreasing the price per coin. The Community voted that they preferred an increasing price per coin. FYI: So why are those sell orders at 2 sat holding the price down. That is because their are one or more whales are using those sell walls to accumulate zeitcoins at a ridiculously low price , before they relent and watch the price skyrocket along with their investment. Whales current strategy : Position Building & Suppressing prices Smartest play by all investors is to accumulate as many zeitcoins as possible while the whales are still suppressing the price.
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2nd New Knight of 2018 tompin [5:09 AM] _________________________________________________________________________ Proof of ZEIT Knight ********************** Name: Tompin __________________________________________________________________________ kiklo [6:42 AM] Well Done!!!
Tompin has Passed the Test of ZeitKnight!
On Behalf of the ZeitKnights, We Welcome you Sir Tompin .
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