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Author Topic: [ANN][ZET] Zetacoin - SHA256 - Upgrade to 0.12.1.1  (Read 448181 times)
X68N
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December 15, 2013, 07:39:31 AM
 #1361

Also remember about Gresham's law - "Bad money drives out good".
Basically what is says is that Bitcoin will not be used for casual payments. It will be used as SoV (store of value) - just like PHYSICAL gold today. This is because people tend to hoard things that do not lose value (do not inflate) - at the same time making them really bad as MoE (medium of exchange).
"Bad money" (ZET) takes the role of MoE. This does not mean they have no value - they just have different role. Their value lies in this very specific utility that is MoE.

thx for the info, i found a better named articel which describes the same.
http://en.wikipedia.org/wiki/Adverse_selection

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Heli42
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December 15, 2013, 01:20:37 PM
 #1362

Hey Guys,

we have already opened a new pool for alternative currencys

specialy for ZETACOIN here: http://zetacoin.miners-point.com/

www.miners-point.com

dynamic stratum

regards
Mike18feb
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December 15, 2013, 10:05:48 PM
 #1363

Is there a working block explorer for Zetacoin somewhere?

<||=||>  Rule #1a: Never invest more then you can afford to lose. <||=||>  Rule #1b: Never invest all you can afford to lose. <||=||> 
............. Whenever someone idly claims a scam, a Bitcoin somewhere dies .............
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December 15, 2013, 11:17:24 PM
 #1364

Found this one: http://darkgamex.ch:2751/chain/ZetaCoin

The one mentioned on the zeta org site doesn't work

<||=||>  Rule #1a: Never invest more then you can afford to lose. <||=||>  Rule #1b: Never invest all you can afford to lose. <||=||> 
............. Whenever someone idly claims a scam, a Bitcoin somewhere dies .............
Robert Lewandowski
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December 16, 2013, 03:30:25 AM
 #1365

Can someone explain to me what makes Zetacoin so great?  There is no one in the IRC, no news, nothing except people hoping the coin rises?  

Anything I'm missing?  Is there a marketing team?  Is there a plan?  Any development in progress?

Kinda looks like a shitcoin with a cool name, but how is it planning to compete with Worldcoin/Peercoin etc?
No offense, but I think you're looking at it the wrong way. In my opinion, none of these coins are (or should be) products that need to be marketed heavily to people. At their core, they are open protocols, that can and will be picked up, used and developed further by organizations and individuals as long as they seem useful. I think a lot of people are not entirely convinced that bitcoin's limited supply of no more than 21 million is ideal. Thus they might find zet's solution of +1 million per year after 160 million interesting. Or I hope that's one of the main reasons it's gaining support, not just the name. If a coin is considered useful, it will have third party support. If not, no amount of marketing might not be enough, except for pump'n'dumps.

Now, peercoin has some great qualities as well, I believe, but why worldcoin? I think even bitcoin will have much faster confirmations later when the tech for that is ready, which will make worldcoin completely redundant. Zet still has that eternal inflation, which will not and should not ever be added to bitcoin. There is a scrypt coin that has eternal inflation too, Argentum. They made it 1.1% per year instead of a fixed amount. That's potentially a good solution too, and it's another coin I'm personally following.

EDIT: And of course the eternal inflation is good for rewarding hash rate too, a very important point.

+1

Quark has this as well though.
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December 16, 2013, 05:52:47 AM
 #1366

Found this one: http://darkgamex.ch:2751/chain/ZetaCoin

The one mentioned on the zeta org site doesn't work
+1 Thank you Smiley
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December 16, 2013, 12:22:35 PM
 #1367

Can someone explain to me what makes Zetacoin so great?  There is no one in the IRC, no news, nothing except people hoping the coin rises?  

Anything I'm missing?  Is there a marketing team?  Is there a plan?  Any development in progress?

Kinda looks like a shitcoin with a cool name, but how is it planning to compete with Worldcoin/Peercoin etc?
No offense, but I think you're looking at it the wrong way. In my opinion, none of these coins are (or should be) products that need to be marketed heavily to people. At their core, they are open protocols, that can and will be picked up, used and developed further by organizations and individuals as long as they seem useful. I think a lot of people are not entirely convinced that bitcoin's limited supply of no more than 21 million is ideal. Thus they might find zet's solution of +1 million per year after 160 million interesting. Or I hope that's one of the main reasons it's gaining support, not just the name. If a coin is considered useful, it will have third party support. If not, no amount of marketing might not be enough, except for pump'n'dumps.

Now, peercoin has some great qualities as well, I believe, but why worldcoin? I think even bitcoin will have much faster confirmations later when the tech for that is ready, which will make worldcoin completely redundant. Zet still has that eternal inflation, which will not and should not ever be added to bitcoin. There is a scrypt coin that has eternal inflation too, Argentum. They made it 1.1% per year instead of a fixed amount. That's potentially a good solution too, and it's another coin I'm personally following.

EDIT: And of course the eternal inflation is good for rewarding hash rate too, a very important point.

+1

Quark has this as well though.

But Quark is a scrypt coin.
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December 16, 2013, 12:58:18 PM
 #1368

Found this one: http://darkgamex.ch:2751/chain/ZetaCoin

The one mentioned on the zeta org site doesn't work

Very useful, thank you.
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December 16, 2013, 10:33:56 PM
 #1369

It looks like the -datadir=[dir] start option doesn't work for this client.. it still points to the default one. Is there a fix for this?
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December 17, 2013, 09:50:43 AM
 #1370

ZET has a forum. maybe post there for faster reply. I will post your question there.

http://zetacoin.ace.st/
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December 17, 2013, 12:29:12 PM
 #1371

Found this one: http://darkgamex.ch:2751/chain/ZetaCoin

The one mentioned on the zeta org site doesn't work

Very useful, thank you.
its mine and of course you can use it. be aware that i have a sheduled maintaince (replacing HW) which will take 1 day, starting at 18.12.2013

[GPG Public Key]  [Devcoin Builds]  [BBQCoin Builds]  [Multichain Blockexplorer]  [Multichain Blockexplorer - PoS Coins]  [Ufasoft Miner Linux Builds]
BTC/DVC/TRC/FRC: 1K1773RbXRZVRQSSXe9N6N2MUFERvrdu6y ANC/XPM AK1773RTmRKtvbKBCrUu95UQg5iegrqyeA NMC: NK1773Rzv8b4ugmCgX789PbjewA9fL9Dy1 LTC: LKi773RBuPepQH8E6Zb1ponoCvgbU7hHmd EMC: EK1773RxUes1HX1YAGMZ1xVYBBRUCqfDoF BQC: bK1773R1APJz4yTgRkmdKQhjhiMyQpJgfN
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December 17, 2013, 05:11:56 PM
 #1372

any free ZETs for zet-noobies?

ZZmkA3f9v7fmc6LsnGVN7dzRz5YYPnKN3n

yolo
phife
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December 17, 2013, 07:04:34 PM
 #1373

any idea if those zeta coins will go back up? they keep getting lower and lower.
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December 17, 2013, 07:36:34 PM
 #1374

any idea if those zeta coins will go back up? they keep getting lower and lower.

i believe all the sell off is due to people wants to buy gifts for the holidays and need money

after the holidays things should go back up

i am buying every zet i can afford

https://bitcoinfundingteam.com/ref/SatoshiTeam
turn 0.1 BTC to 80BTC week after week!!!
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December 17, 2013, 11:11:54 PM
 #1375

any idea if those zeta coins will go back up? they keep getting lower and lower.

They were massively overpriced so I wouldn't expect the price to move a lot for the next little while. There isn't enough uses for the coin to justify the price it reached. Assuming services show up the price will of course increase but right now it's just people trying to trade to make a quick buck.

This is also true for most altcoins so I am not picking on ZET at all.
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December 18, 2013, 01:46:59 AM
 #1376

any idea if those zeta coins will go back up? they keep getting lower and lower.

They were massively overpriced so I wouldn't expect the price to move a lot for the next little while. There isn't enough uses for the coin to justify the price it reached. Assuming services show up the price will of course increase but right now it's just people trying to trade to make a quick buck.

This is also true for most altcoins so I am not picking on ZET at all.

I think you're grossly overestimating use-value ... coins including Bitcoin do not get their valuation from people actually using the coins to make purchases. It's also that, but I would say it's behind 1) speculation (long or short term holding for speculation or belief in future technology adoption) ; 2) hedging against fiat inflation

for reason 2 zeta isn't better than btc but for 1) it is because it's quicker.

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December 18, 2013, 01:48:40 AM
 #1377

any idea if those zeta coins will go back up? they keep getting lower and lower.

i believe all the sell off is due to people wants to buy gifts for the holidays and need money

after the holidays things should go back up

i am buying every zet i can afford

Good insight. Have to keep it in mind for next year to make a profit from it. This year I already screwed up! Bought lots of ZETs before the drop.  Undecided

Anyway I'm holding I believe in January we'll see a nice surge
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December 18, 2013, 03:44:42 AM
 #1378

any idea if those zeta coins will go back up? they keep getting lower and lower.

They were massively overpriced so I wouldn't expect the price to move a lot for the next little while. There isn't enough uses for the coin to justify the price it reached. Assuming services show up the price will of course increase but right now it's just people trying to trade to make a quick buck.

This is also true for most altcoins so I am not picking on ZET at all.

I think you're grossly overestimating use-value ... coins including Bitcoin do not get their valuation from people actually using the coins to make purchases. It's also that, but I would say it's behind 1) speculation (long or short term holding for speculation or belief in future technology adoption) ; 2) hedging against fiat inflation

for reason 2 zeta isn't better than btc but for 1) it is because it's quicker.



Having a high price due purely to speculation is exactly what you'd call overpriced.
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December 18, 2013, 04:03:37 AM
 #1379

bad news the 2 biggest exchanges are not trusted anymore.
Cryptsy has a fucked up tading engine/database,
Bter.com is possibly dns hijacked (i will not login try find out)...
Coins-e stole me coins, so no exchange is left.

only if vircurex adds Zet would make the situation better.

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December 18, 2013, 11:05:20 AM
 #1380

Cryptsy still work fine for me. everything slow down compared with before. but as long as it work. all good.

with the current speed Cryptsy probably suit investors more than traders  Smiley
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