★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS]

[stevegreer]

I agree with you, kiklo. And I honestly do believe that many people just do not equate interest earned in staking as profit, especially when they keep their focus on the satoshi value associated with the coin. They don't see the big picture. All they see is they may have minted 100,000 Zeit, but that 100,000 Zeit is still only worth 1 satoshi each. Some people just can't seem to wrap their minds around the fact that they just got those 100,000 Zeit FOR FREE! (FYI, uki, I'm not referring to you when I say that. I know you know the deal since you are a knight. I just didn't want you to think I was talking about you.  )

And as for the Cryptsy thing, I was talking more about the fact that many of us were using Cryptsy exclusively in our transactions and some got burned badly when they "got hacked" or whatever their excuse was.

Thanks for correcting me about SouthXchange. I honestly didn't know there has been that much transaction there. I don't check coinmarketcap daily, but each time I have in the past few months, there was always $0 24 hour volume for them. I used YoBit some, but honestly, the fact they have set minimums for making transactions or withdrawals was a bit of a turn off for me. I'm not a power player on the exchanges by any means, and if I want to trade a few Doge or satoshis I get from faucets and only have enough to buy 5000 Zeit or so, I want to be able to do that AND withdraw it to my wallet since I do NOT leave coins on exchanges. I'm going to start using SouthXchange for a while since they seem to be a really good exchange.

Zeit on, homies!

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[kiklo]

One point of future interest for SouthXchange

The Mexican population in the US sends vast amounts of money back to their families still in Mexico.
I believe last count it was ~$21.6 Billion US Dollars per year .

Once the price of ZEIT has a stable floor that can not be broken, it would be the perfect tool , to replace the money order services that most currently use.
Oddly enough most of the US Mexican population has a huge distrust of banks and mainly use cash, imagine that. 

 

[stevegreer]

Kiklo my man, you are a man of many great ideas! Zeit would definitely be the perfect way to send money back to Mehico. But how can we market that, is the question?

Also, I posted a few things on our official forum. Maybe you can take a look. We do need to get that forum active again. Maybe updating some information there would be a good start. I think the last update was when we were on version 2.0.1.2, so it is a little dated.

[kiklo]

Kiklo my man, you are a man of many great ideas! Zeit would definitely be the perfect way to send money back to Mexico. But how can we market that, is the question?

That happens later, price stabilization has to happen 1st.

 

[BitcoinNational]

1   LionOfNarnia
2   Rent_A_Ray
3   Kiklo
4   Steve
5   Vavarin
6   Newra
7   Podizzle
8   GregofDoom
9   Ebolansk
10   CapSER2.0
11   Solarion
12   CoinQuest
13   Atronite
14   Uki

all Knights are entitled to a start up TALK account
just PM ... any staked coins I am willing to buy back and pay in Zeit
https://bitcointalk.org/index.php?topic=864994.0

------

US Dollar                             1.00 USD    
Indian Rupee                      67.579000    
Malaysian Ringgit                   4.271504    
Japanese Yen                    118.740000
Chinese Yuan Renminbi       6.579400    
Argentine Peso                      13.700000    
Botswana Pula                      11.621552
Brazilian Real                        4.093000    
Bruneian Dollar                        1.429585
Bulgarian Lev                        1.811150    
Canadian Dollar                        1.412375    
Chilean Peso                    715.200012    
Chinese Yuan Renminbi      6.579400
Colombian Peso               3309.000000
Croatian Kuna                       7.103449    
Czech Koruna                     25.010300    
Danish Krone                        6.906590
Emirati Dirham                       3.672550    
Hong Kong Dollar              7.796700    
Hungarian Forint           288.285000    
Icelandic Krona             130.999790    
Indonesian Rupiah     13873.000000    
Iranian Rial                 30184.123151    
Israeli Shekel                       3.982180    
Kazakhstani Tenge            360.598160    
Libyan Dinar                       1.386500
Lithuanian Litas                       3.197638
Malaysian Ringgit               4.271504    
Mauritian Rupee             36.099376    
Mexican Peso                     18.449650    
Nepalese Rupee           104.125000    
New Zealand Dollar            1.540595    
Norwegian Krone            8.742500
Pakistani Rupee         104.924968
Philippine Peso          47.734087
Polish Zloty                 4.135200    
Qatari Riyal                 3.641349    
Romanian New Leu         4.197848    
Russian Ruble             78.147895    
Saudi Arabian Riyal       3.751750    
Singapore Dollar                1.429585    
South African Rand        16.470020    
South Korean Won      1197.700000    
Sri Lankan Rupee      144.442085    
Swedish Krona                 8.597000
Taiwan New Dollar       33.560000    
Thai Baht                   36.020966    
Trinidadian Dollar       6.434903    
Turkish Lira               3.003749    
Venezuelan Bolivar       6.349606    


FYI:
For some of these countries , we will need an android based electrum wallet with servers,
did find a service that was offering that for $600 per year, once we have 100 Knights, that is only $6 a year per knight to expand ZEIT coverage thru out the world where it will become the Global Medium for exchanging service & products & resources.

 

interesting core concept.
i would suggest pick ONE
focus on getting an exchange running in that country that can settle (take and send payment) via old world banking systems
tie to quoted rate of exchange to the android wallet
bingo! you will have basically become a 2-way pegged form of payment in that nation

eventually each nation will have a unique coin that provides this service
already you can trade ALTs and hold CNY, JPY, $, RUR, THB more coming online
but those are exchange house accounts

what is needed is a nubit/tether coin that is de facto a unit of measure for a specie of fiat (or commodity)

http://dumbwill.com/cults/

[uki]

I can understand where uki is coming from. Now, I'm no math or economics whiz by any means, so I don't know what this "hitting 1 trillion for an hour or two" is all about. But I don't think the frustration lies in the fact that we haven't hit the $1 mark yet. Let's be realistic, we have a max of, what is it? 99 billion coins? The $1 mark will be a very long time coming. I think the frustration lies in the fact that we are approaching 2 years of age and have barely spent any time above the 1 satoshi mark.

We have a lot of great qualities like a well developed and maintained wallet, fast transactions, a small but strong community, and are consistently on ths top 100 on coinmarketcap. What we are lacking in is investors. The knights are long term investors and we concern ourselves with the health of the network. But, like it or not, we will need a balance of long and short term investors, just like all of the other high performing coins. It is hard to attract investors if they see no potential for making a profit. Hate to say it, but it's the truth.

Someone mentioned recently that we need to be more active on our Zeit forum and on the reddit forum. I agree with that. I will start using the forum more often. I don't know much about reddit because I've never used it.

One other thing to mention is yes, we are listed on three exchanges, and they all three seem to be good exchanges. But the thing I've noticed is that the majority of our 24 hour volume has been on Cryptopia. SouthXchange has seen no real volume at all. How long will it take before they see no profit with Zeit and delist us? We need to spread our coins between the three. The last thing we need is another Cryptsy incident and have people losing millions of coins.

My 2 cents. Take it for what it's worth.

Steve, thanks for your voice, as I believe you hit the nail in the head. My point goes very much in line with what you are saying: we have a fantastic coin and the dev behind it, we have even 14 Knights to support and take care of the coin well-being, yet it hardly translates into any new users by the means that are measurable in the market volumes. What I said is, that we simply need more activity among us Knights and more actions to encourage new users to ZEIT. We need to prove that this fuzz about being Knight really means something positive for the coin.

Continuing kiklo's fantastic parallel with the child, myself being a parent too, I would say: it is very hard to be objective when talking about your own child and you need to have some objective metrics to see if your kid is progressing as it is foreseen for its age. Therefore if your kid, despite of having 18 months is not yet crawling, is not yet walking at the age of two, is not yet speaking at the age of four, you need to take it to a specialist to get some help. You cannot just wait it out, hoping that he/she will eventually work it out by her-/himself. Translating it into our world: in the objective metric such as price at volume (not just price alone, as you have seen with the most recent example, having mere 55LTC buys you the whole one side of the market on a low volume exchange, which is very deceiving) we need to check if we are progressing after a given period of time. One year means a lot in crypto (Bitcoin is mere six years around) and thus I believe it is fair to check how we compare to ourselves from one year ago. And it is fair to conclude that we didn't progress much in 2015. Meaning, as ZEIT ambassadors, we will need to improve our actions in 2016.

[kiklo]

Steve, thanks for your voice, as I believe you hit the nail in the head. My point goes very much in line with what you are saying: we have a fantastic coin and the dev behind it, we have even 14 Knights to support and take care of the coin well-being, yet it hardly translates into any new users by the means that are measurable in the market volumes. What I said is, that we simply need more activity among us Knights and more actions to encourage new users to ZEIT. We need to prove that this fuzz about being Knight really means something positive for the coin.

Continuing kiklo's fantastic parallel with the child, myself being a parent too, I would say: it is very hard to be objective when talking about your own child and you need to have some objective metrics to see if your kid is progressing as it is foreseen for its age. Therefore if your kid, despite of having 18 months is not yet crawling, is not yet walking at the age of two, is not yet speaking at the age of four, you need to take it to a specialist to get some help. You cannot just wait it out, hoping that he/she will eventually work it out by her-/himself. Translating it into our world: in the objective metric such as price at volume (not just price alone, as you have seen with the most recent example, having mere 55LTC buys you the whole one side of the market on a low volume exchange, which is very deceiving) we need to check if we are progressing after a given period of time. One year means a lot in crypto (Bitcoin is mere six years around) and thus I believe it is fair to check how we compare to ourselves from one year ago. And it is fair to conclude that we didn't progress much in 2015. Meaning, as ZEIT ambassadors, we will need to improve our actions in 2016.

I compare us to the other Alts, who in comparison have all lost value last year.
You want to compare us to BTC early years when they were competing with no one else but their own coin for most of those years.
We are competing with over 600 coins including BTC whose has many years head start. 

But here is what I see when compared to BTC,
Nov 2013 BTC was $1250 apiece ,  Jan 2016 BTC is $390 apiece
Average MK was       ~8,163,067,765 on July 7th, 2014
Average MK NOW is ~5,918,518,213  Jan 2016
In normal performance standards , that is a HUGE failure!

Now ZEIT , I will ignore the peaks, since they mean nothing to you, but stick with the average
Average MK was        ~$28,386 Jul-Oct 2014
Average MK NOW is ~$150,000 Jan 2016

BTC MK has a loss of a little over 2 billion US Dollars
ZEIT MK is 5 times more than what it was.

Can you really not see how we will overtake them in time?

Now if you really just want more community involvement,
Hey, start throwing stuff out that you want done , with ideas on how to do it.

 

FYI:
BTC already has Millionaires behind it.
AT ZEIT we are on a shoe string budget and we still outperformed BTC MK performance in the past two years. 

[uki]

Sorry kiklo, but growing a 1 cent  company into a $1  company is completely another pair of shoes than going from $100 to $10k, although it is a hundred fold growth each time. We cannot compare ourselves to Bitcoin and I am not asking that (btw., also choosing the Mt.Gox bubble as a starting point of your comparison would always show that Bitcoin is performing badly. Let's keep it unbiased). I believe we both agree what I am asking in the core of my post (not that I am only criticising for the sake of it): we need to find the ways to get more new people involved into ZEIT. That should be one of our main goals for the next years. I remember in one of the first Knights meetings about a year ago, we were discussing about getting more involved into the social media. that wasn't that bad idea after all, and I think we should bring it back to start with. Second issue, I believe we need to bring more life into Knights forum, as this body is somehow not very active recently. we are approaching the new time window for Knight applications so at least in theory there is plenty to talk about. We are competing with 600 (or more) coins, as you correctly stated, and we need to show why we are different and worth attention. Just 'being there' does not sell that well.

Edit:
PS. One more thing. You have to be careful when comparing 'market caps', as there is very important factor at play - inflation. Even with the price staying at the same level for the entire year our market cap growths by the value of inflation. That is 20% in the year 2. (of course, that is the maximum value when all coins are staking each time). That means you would have to deduct the value of the inflation from the market cap value to get the net value growth in order to compare it with a non-PoS coin.

[kiklo]

Ok ,

We can just agree to disagree on ZEIT current status.   

we were discussing about getting more involved into the social media. that wasn't that bad idea after all, and I think we should bring it back to start with.

Second issue, I believe we need to bring more life into Knights forum, as this body is somehow not very active recently. we are approaching the new time window for Knight applications so at least in theory there is plenty to talk about.

What do you want to see happen to achieve these two goals?
Everyone Post their ideas and any (in the words of UKI) Realistic Goals?

 

[dollux]

I find that I must ask these questions, perhaps it's just me, but I really don't think I am that unique?

Excuse me if I am.

What are Zeit Knights?

[kiklo]

Zeit Recap

Become a legendary zeight (zeit knight) and help us to help others.

Think of it like King Arthur and his Round Table, every one at the Table is Equal.
A Group of Men & Women banding together to make the Way of Zeit a worldwide reality.
_______________________________________________________________________________ _
The ZeitKnight's End Game,
To make this World a Better Place for All who reside in it.
By making zeitcoin into a tool that can help someone next door or someone across the world.
______________________________________________________________________________
Technically Zeitcoin is a Virtual Resource that is made by personal computers,
To make a Zeitcoin , you need CPU Labor, Electricity, Internet connection, & Time,
We combine those resources to make a Zeitcoin.
______________________________________________________________________________
ZeitKnights Current Goal List
https://bitcointalk.org/index.php?topic=487814.msg9883182#msg9883182

Charities to Sponsor once the price of zeitcoin is higher
https://bitcointalk.org/index.php?topic=487814.msg9874339#msg9874339

Zeit Slogans
https://bitcointalk.org/index.php?topic=487814.msg9874356#msg9874356
_______________________________________________________________________________ ___

Any Questions or Suggestions , Post Away , All Ideas Welcome.

 

Requirements:
All Members must have 100 million Zeitcoins as a requirement of being part of the Zeit-Knights.
_______________________________________________________________________________ ____

The ZeitKnights began accepting members in Feb 2015.
Each ZeitKnight will hold 100 million zeitcoins to use 10% of their interest for charity in the future.
Currently 14 ZeitKnights.

Next Registration for Anyone wanting to be a ZeitKnight is March 2016.

Our Maximum Number of ZeitKnights will be somewhere between 100 & 300 , that group will make history as supporters of this coin.

Next official ZeitKnight registration in March 2016.

New members have to pass the test of Proof of ZeitKnight. Link Below.
https://bitcointalk.org/index.php?topic=487814.msg10461974;topicseen#msg10461974

After they Pass the test , this happens.
https://bitcointalk.org/index.php?topic=487814.msg10324746#msg10324746

[kiklo]

@UKI,

One easy no cost thing that would help promote ZEIT , is if every Knight at least mentioned ZEIT somewhere on either their
Avatar or Personal Text or Signature. Links back to BTCTalk or the Website would be even better.
Some Knights and community members already do this.

For example your forum profile and signature, only mentions Betcoin .
That way any posts we make in other forums promote ZEIT .

FYI:
This is only a suggestion, as your Forum profile is always your Personal choice.  

 

[kiklo]

Craptsy has open 30 more Wallets for withdrawals.

They did not have enough sense left to list the wallets, so no idea which ones.  
Hackers or Vern's Ex-Wife must have taken that too!

 

[kiklo]

Just another Reason ZEIT will be the Greatest Success Story of this Century!

ZEIT can transfer any amount of ZEIT anywhere in the world at the speed of Lightning!
Transactions fees are basically non-existent compared to other Services.

ZEIT Solves these Issues and unlike PoW coins, our costs to run our network is not caught up in a ASICS Arms race.

ZEIT itself is the mining equipment, which unlike PoW ASICS, will always be Valuable.  

Compare with the Current System and their Fee System
________________________________________________________________
Competition in international transfers

Taavet Hinrikus, known for his role as Skype's first employee, was living in London but still receiving his paycheck from Estonia, where Skype is based. Hinrikus' friend Kristo Kaarmann was living in London but sending money back to Estonia to pay a mortgage. Both faced currency issues and hefty fees.

Three years later, the company they built to make low-fee, international fund transfers, TransferWise, is working in more than 20 currencies.

Still, there are other companies working in the international funds transfer industry. PayPal offers an option to convert a payment in a foreign currency.

Western Union says customers can send money "anywhere," starting at a $4.99 fee, although rates vary widely the world over and foreign exchange rates and other service fees still apply.

To send $500 to Greece using Moneygram, for instance, requires a $35 transfer fee and an exchange rate that results in only 362.16 euros being received, if the $35 transfer fee is included in the exchange. If the Moneygram fee is not calculated in the exchange and is instead paid separately, 389.42 euros will be transferred. Had the money been exchanged at current market rate, 406 euros would have been transferred.
__________________________________________________________________

 


Other Future Uses for ZEIT

Voting Systems
ZEIT Ad Network
ZEIT is Perfect for the MicroPayments Markets.

ZEIT The Best Security System ever Designed.
Lock/Keys systems that require input from ZEIT addresses to unlock.
Basically a Real World Lock, that waits for a certain amount of ZEIT to be sent to unlock it,
Imagine coming home and sending .0007 ZEIT to your house's ZEIT Address to unlock your front door.  
And since it is set to only recognize input from Specific Preset ZEIT Addresses, No one else can use it.
Or sending .0001 ZEIT to your sprinkler system to turn on the sprinklers and .0002 to turn it off.
Could also be used as a Multi Lock requiring multiple people to send ZEIT to open a vault with priceless artwork.
(ZEIT Address & amounts can't be counterfeited.)

[uki]

@UKI,

One easy no cost thing that would help promote ZEIT , is if every Knight at least mentioned ZEIT somewhere on either their
Avatar or Personal Text or Signature. Links back to BTCTalk or the Website would be even better.
Some Knights and community members already do this.

For example your forum profile and signature, only mentions Betcoin .
That way any posts we make in other forums promote ZEIT .

FYI:
This is only a suggestion, as your Forum profile is always your Personal choice.  

 

Et voilà, I added info about ZEIT Knight to the only profile field that I am allowed to edit atm (due to contractual clauses).
Thanks for pointing that. It costs nothing, and I believe every ZEIT Knight can do that.
As for suggestions: mine is to make alive the official twitter account - it has been silent for too long.
I also second the idea that from the part of the funds we soon collect from Knights we could fund some actions to attract new users.

[kiklo]

Et voilà, I added info about ZEIT Knight to the only field that I am allowed to edit atm (due to contractual clauses).
Thanks for pointing that. It costs nothing, and I believe every ZEIT Knight can do that.
As for suggestions: mine is to make alive the official twitter account - it has been silent for too long.
I also second the idea that from the part of the funds we soon collect from Knights we could fund some actions to attract new users.

Hmm,
Ray or Lion has the info on the twitter account, if you want to take that over.
So are you thinking Bounties for some actions like links or something other?

Si tu id aeficas, ei venient

 

FYI:
Instead of Bounties, why not use it to help any New Knights that are close to becoming Knights,
say we got some a few million short, if all 14 of the current knights donate their 10% to Ray's Fund, he could top them off as it were so they meet the 100 million requirement.
We could do it like so , all of the Knights that have the Full 100 Million are verified Normally.
Anyone less than 100 million , we verify their current amount , and place their name on a queue list, on the last day of March , we divide the ZEIT collected by the Tithing among those in the Queue, so even if it is not enough to make them a Knight this year, they will be a lot closer for next year.
That would be ~50 million to be divided among the new prospects.
So what does everyone think of this idea?

FYI2:
There would have to be an minimum amount set to be in the Queue list?
Say 70 million minimum and only a Max of 14 slots available on the Queue list for the 2016.
These Numbers are up for discussions.

[kiklo]

In the Exchange Delisting News

Poloniex.com
On 2/8/2016, the following markets will be delisted: CMNT, HIRO, NXTI, XAI, CHA, OPAL, CYC, URO, UIS, HUGE, PRC, JLH.

No URO, how will anyone buy the Pee Pee coin Now?

Sorry , could'nt help myself.  

 

[lxxtikk]

In the Exchange Delisting News

Poloniex.com
On 2/8/2016, the following markets will be delisted: CMNT, HIRO, NXTI, XAI, CHA, OPAL, CYC, URO, UIS, HUGE, PRC, JLH.

No URO, how will anyone buy the Pee Pee coin Now?

Sorry , could'nt help myself.  

 

 
 kiklo is writing about delisted coin , lol
someday you will write about listed coins at polo, and Zeit will be also there  
remember that!!!  

[podizzle]

huge amount of CNY being pumped into alts on btc38 and jubi. shame zeitcoin isnt on a chinese exchange!

[uki]

Et voilà, I added info about ZEIT Knight to the only field that I am allowed to edit atm (due to contractual clauses).
Thanks for pointing that. It costs nothing, and I believe every ZEIT Knight can do that.
As for suggestions: mine is to make alive the official twitter account - it has been silent for too long.
I also second the idea that from the part of the funds we soon collect from Knights we could fund some actions to attract new users.

Hmm,
Ray or Lion has the info on the twitter account, if you want to take that over.
So are you thinking Bounties for some actions like links or something other?

Si tu id aeficas, ei venient

 

FYI:
Instead of Bounties, why not use it to help any New Knights that are close to becoming Knights,
say we got some a few million short, if all 14 of the current knights donate their 10% to Ray's Fund, he could top them off as it were so they meet the 100 million requirement.
We could do it like so , all of the Knights that have the Full 100 Million are verified Normally.
Anyone less than 100 million , we verify their current amount , and place their name on a queue list, on the last day of March , we divide the ZEIT collected by the Tithing among those in the Queue, so even if it is not enough to make them a Knight this year, they will be a lot closer for next year.
That would be ~50 million to be divided among the new prospects.
So what does everyone think of this idea?

FYI2:
There would have to be an minimum amount set to be in the Queue list?
Say 70 million minimum and only a Max of 14 slots available on the Queue list for the 2016.
These Numbers are up for discussions.

sure, I could help with the official twitter. Not that I am spending the time there constantly, but a short message or a contest from time to time to our community would be a good thing to have. As for Knights' pot (Ray's found), just calculating it roughly we can count with 30-40 millions. If we want to get that money for some already running projects (development?), some bounties? then we won't have that much to support many Knights-to-be with missing funds (some), if at all. I suppose that should be subject to a debate among Knights: first we make proposals of the projects and then we vote how to divide the funds among them.