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Author Topic: [ANN][ZET] Zetacoin - SHA256 - Upgrade to 0.13.2 (Segwit)  (Read 462957 times)
TenaciousC
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April 10, 2014, 03:26:02 PM
 #1981

There are rumours on twitter that in an hour there should be another announcement/info or something. What is going on?

Don't see anything about that, checked #zetacoin
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April 10, 2014, 03:49:11 PM
 #1982

for a start they have way more than 7.5mil, i think the address still holds 37.5mil?



Even still though I just don't see how someone could feasibly sell 37 million coins and not crash the price to nothing, maybe i'm just naive but I don't see the whole play in all this, logically shouldn't they have dumped 3-4 months ago when price was at 10 cents?
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April 10, 2014, 03:57:33 PM
 #1983

im from africa and im telling you people at kenya can't even read ....... so crypto for them is like .......

They don't have to understand crypto. They can buy a voucher or something and their mobile operator can do the work for them. The thing is in order for this to work the price of Zeta needs to have  a minimum floor otherwise the poor Kenyans will risk becoming even more poor.

If I was running a mobile operator and going to partner with a crypto currency for the payments network, I'd first invest in buying a big chunk of the total supply and then in order to make people confident using it, I would guarantee a minimum buy back price. Zeta fits the bill nicely actually because 1. It was quite cheap. 2. It offers fast transactions and 3. Most of the coins were already mined, meaning you don't have to deal with miners dumping tons of coins each day.
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April 10, 2014, 03:59:08 PM
 #1984

for a start they have way more than 7.5mil, i think the address still holds 37.5mil?



Even still though I just don't see how someone could feasibly sell 37 million coins and not crash the price to nothing, maybe i'm just naive but I don't see the whole play in all this, logically shouldn't they have dumped 3-4 months ago when price was at 10 cents?

If you are a pump and dumper you don't buy 23% percent of the total coins in existence, because there is simply no chance you can dump them all. At most a pump and dumper would probably get 1-3% maximum and quite often a lot less.
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April 10, 2014, 04:03:39 PM
 #1985

for a start they have way more than 7.5mil, i think the address still holds 37.5mil?



Even still though I just don't see how someone could feasibly sell 37 million coins and not crash the price to nothing, maybe i'm just naive but I don't see the whole play in all this, logically shouldn't they have dumped 3-4 months ago when price was at 10 cents?

Exactly.
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April 10, 2014, 04:12:40 PM
 #1986

for a start they have way more than 7.5mil, i think the address still holds 37.5mil?



Even still though I just don't see how someone could feasibly sell 37 million coins and not crash the price to nothing, maybe i'm just naive but I don't see the whole play in all this, logically shouldn't they have dumped 3-4 months ago when price was at 10 cents?

Exactly.

If you people think that someone who holds 23% of coin would sell it at once you are not sane.
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April 10, 2014, 04:35:54 PM
 #1987

for a start they have way more than 7.5mil, i think the address still holds 37.5mil?



Even still though I just don't see how someone could feasibly sell 37 million coins and not crash the price to nothing, maybe i'm just naive but I don't see the whole play in all this, logically shouldn't they have dumped 3-4 months ago when price was at 10 cents?

Exactly.

If you people think that someone who holds 23% of coin would sell it at once you are not sane.


i know someone sold his 12% for same price but took him a week to do so ......
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April 10, 2014, 04:44:17 PM
 #1988

If you people think that someone who holds 23% of coin would sell it at once you are not sane.

No but a constant stream of dumps with volume like that means he won't get very far until the coin absolutely tanks. At current ZET prices there is just not enough reasonable profit to be made by a P&D scam considering all the months of work that have been put into it.
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April 10, 2014, 07:15:35 PM
 #1989

for a start they have way more than 7.5mil, i think the address still holds 37.5mil?



Even still though I just don't see how someone could feasibly sell 37 million coins and not crash the price to nothing, maybe i'm just naive but I don't see the whole play in all this, logically shouldn't they have dumped 3-4 months ago when price was at 10 cents?

Exactly.

No your wrong. The way to hyper inflate something is to buy it up for cheap and create demand and sell.

Come on now folks you cant really think the opposite?

they don't need to sell all the coins just inflate the price by holding to a point they profit and sell.

I am still holding

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April 10, 2014, 09:05:21 PM
 #1990

some math for us all.

55million x 0.00001 btc = 550btc

7.5mil zeta moved and sold near the top, lets say an AVG of 0.00006btc = 450btc


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April 10, 2014, 09:56:56 PM
 #1991

some math for us all.

55million x 0.00001 btc = 550btc

7.5mil zeta moved and sold near the top, lets say an AVG of 0.00006btc = 450btc




But we are forgetting the biggest equation of all

How much did someone SPEND to get 55 million ZET in the first place? Either someone with money already or someone with a lot of mining power, either way I don't think they are hard up for cash to create a P&D and instead is a serious long-term investor.

Or its an exchange wallet, which is my personal belief.
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April 10, 2014, 10:20:30 PM
 #1992

The spent around 550 btc. Money is irrelevant to large holders. They don't care for dollar they care for accumulating more btc that is why twey are large holders.....

Especially if they have got 450btc back or even 200btc and they atill hold 37.5mil....

what movment in that address history says it is an exchange?

I have given validations regarding qhat I think is movmemt to the actual cryptsy address.

Please provide something to say otherwise

Ps I am a large zeta holder but not that large. Around 1%. I did hold 2% but sold at the last run upto the high.



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April 10, 2014, 10:35:47 PM
 #1993

zeta.dsync.net is now 0% fees for mining, i will now only operate on donations so please be kind =)

-x3
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April 10, 2014, 10:45:09 PM
 #1994

I must say ... pump of ZET seems finished ... price @ 4000 is a huge drop... -30% in a ~day ...

 
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April 10, 2014, 10:49:25 PM
 #1995

I must say ... pump of ZET seems finished ... price @ 4000 is a huge drop... -30% in a ~day ...

After it went +700, -30 is pretty normal with no news coming the last couple of days.
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April 10, 2014, 11:01:04 PM
 #1996

I must say ... pump of ZET seems finished ... price @ 4000 is a huge drop... -30% in a ~day ...

After it went +700, -30 is pretty normal with no news coming the last couple of days.

Perhaps you are right ... what to do.. we can just wait and see what will happen next..

Smiley

 
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April 10, 2014, 11:30:17 PM
 #1997

when people don't know what is going to happen ... and waiting in crypto for something u don't know if it is good or bad = panic ....

Zeta go to a place where people can't even read .... and u asking them to adopt it .....

people see there is bag holders since august .....


and u wonder why price is decreasing ....
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April 11, 2014, 03:34:45 AM
 #1998

Just a reminder that https://zetdice.com is still going strong! Off chain dice, instant deposit, 6 confirms to withdraw.
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April 11, 2014, 04:03:28 AM
 #1999


Zeta go to a place where people can't even read .... and u asking them to adopt it .....


Sorry but you are fibbing, Kenya's literacy rate is 87%

http://country-facts.findthedata.org/q/173/2395/What-is-the-literacy-rate-in-Kenya-a-country-in-the-continent-of-Africa

http://ycharts.com/indicators/kenya_adult_literacy_rate

And 31% of their GDP flows through mobile phones/M-PESA already and 71% of the population has a cell phone, hardly a tech illiterate population, that is an incredible number and no western nation can say that much business is done on their phones.

http://qz.com/57504/31-of-kenyas-gdp-is-spent-through-mobile-phones/

I've seen alot of FUD but this takes the cake.
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April 11, 2014, 05:28:10 AM
 #2000

Someone sold 10 BTC worths of Zetacoins @4790 and it was bought up in just under a minute.

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