Today I stop staking Zeitcoin. I have 345377.226236 zeit(been supportimg zeitcoin since 2014) and since the ULI I have not staked 1 new coin. Staking 24/7. Most expensive coin to stake currently and I can't afford. You should recheck that this coin is energy efficient. Maybe compared to BTC, but not a lot of other coins. I hate selling and will hold but i am not hopefull.
ULI was discussed last year and took us over 6 months to get implemented.
ULI ends people selling their interest and crushing the price out of their own impatience.
Now if you sell , you lose your principle and will no longer be causing a downward pressure on the price per coin.
If you want a coin that inflation is destined to destroy,
then sell your
ZEIT now and move to Mintcoin, their specs are what ours used to be.
That way you can whine in their forum instead of this one.
Good Luck in your endeavors.
what is wrong with zeitcoin ? Price is 1 sat 2 years . Why you are not doing updates like smartcontracts or something interesting .Or that coin in not anymore trying to make some noise in twitter and in cryptoworld.
Nothing is wrong with
ZEIT, it is an energy efficient coin, that outperforms bitcoin and many others by being able to process transactions at 20X BTC capability at the smallest fraction of their cost.
ZEIT will grow at its own pace. People will join at their own pace.
This is a marathon not a sprint.
Smart contracts onchain are a fool's errand and we see no reason to waste time with it.
However 3rd parties creating smart contracts and using
ZEIT as a payment is acceptable and can occur now that ULI has stabilized our inflation. Smart Contracts need to verify age consent and regional specifics , Onchain Smart Contracts will never have the capacity for that. Smart Contracts have to be offchain as judges may need to modify them.
Interesting is our price verse fiat has increased 4 years straight.
If you are looking for something besides that, well good luck.
Our Goal here is to maintain a Strong working affordable Coin Network that can be used worldwide.
Other things , like smart contracts, Offchain Transactions, Anon Service, we expect to be offered by 3rd parties over time, and as such not our primary motivation.
ZEIT has been online and operational for years with no downtime, unlike other coins that go offline for months at a time, we have been online and operational the entire time.
What you get with
ZEIT is a stable / dependable network, if you want more than that, I wish you good luck also.
So before ULI, by syncing after a long time you could get your stake from the past days in your wallet all in one piece. I've synced my wallet now and still I'm only producing a lot of orphans. Have I lost all the interest from before syncing?
Andy.
By waiting to stake after the ULI activated ,
your interest rate will be calculated * .0005% instead of the 5% rate before ULI activation.
None of the coin weight or time used to calculate your reward have decreased, unless a new block was created.
Network Difficulty have increased making the coin network more secure. and any coin block created after the ULI activated can stake every 24 hours, this will make it harder to stake if your amount of coins per block is low. You need at least 1 million coins per block if you want to be sure it will stake daily at the present time.
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