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

[BeholdTheTrueWake]

Could we do our own mini series of Zeitgeist films ......

My idea anyway, gets everyone involved as we'd need:

A Script (everyone can put some effort into this)
Links to source data
Graphics / Video
Editing
Voice &/or face
Other stuff I can't think of because I've never been involved in making a proper video.

That's a fairly decent idea

I had a few years in the TV production industry in London, admittedly over 2 decades ago, but I'd be willing to pitch in on this if it comes together.

I'm no good at video editing but maybe i can help out a little on graphics or with a german translation.

I could help out with some sound production or music.
But you could easily drop in a royalty-free background track i guess these days :/

we really need a place to discuss these and future projects.

[angryacorn]

I'd feel sympathetic for the people invested in ZEIT, except that when you guys won, you were total dicks to the people over at Emoticoin.

not all! dont generalise, makes a fool of you and us.

[atronite]

decentralised exchange, I heard of that, but now that I thinking it through, this could actually be the solution. Using a tx log like a single cryptocoin but then possible for multiple coins. Decentralised computers over the world supporting an exchange and receive change fees. And then still some ingenieus solution on fiat money. We only need again one satoshi nakamoto to work it out :-)

Indeed we do. I think this is a fantastic way for someone to make a lot of money, esp if there are built in fees that primarily benefit the software developer (gives him an incentive to keep improving the software).

[atronite]

Volume is crashing, in the gutter.  2.675btc 24hr on mintpal.  Need to get some stuff happening.

It's going down coz fewer people are auto-selling a 1 sat.

I'm getting as much BTC together as I can & buying a few @ 2 sats, just praying it stays that low until all my funds can be maneuvered into position.

It's a time of great opportunity for those dedicated to the long-term future of this coin

Yes, this is true.

Once the proof-of-work stage is over, it will be time to go back to multipools (or a new coin) and either add to zeit or what have you. Just keep buying.

AT MINIMUM, after ALL COINS ARE MINED, this coin will always have a minimum market cap of $623,700-$1,247,400 (99B zeit, 1 sat buy, 2 sat sell). After first year, only 37% of zeit will be mined compared to 57% doge mined so far. Plus we are PoS, so no more mining.

Also, the DEV appears to genuinely believe in this coin and is not short-term profit motivated (we hope).

Anyways, I want this coin to stay at 1 SAT for the next 4 WEEKS, means fewer miners and more coin for me to mine!

[angryacorn]

anyone else update their doge wallet and been waiting ages for it to sync?

[Anonymousg64]

Yea man.
I'm quite sure there's work going on to devise a decentralised exchange. It really is the missing link.

Even excluding fiat, neither Poloniex, CoinEx or CR traded to fiat at all. The coins they trade though do have value and need to be traded with other currencies, hence the popularity and therefore weakness, of exchanges.

I have no idea how the hell it's going to work.. I have little understanding of the fundamentals of how crypto's work in general, but there are (hopefully) a sufficient number of folks who DO know that stuff and are working on it.

trying to crack that code, the problem is with trade execution and order matching

my current  conceptual solution is to do trade execution in fragments, like a bell curve

your own node is responsible for signing valid trades relevant to its listed orders and rules.

we can use a blockchain for order listing and order commands are transactions, miners do the order matching

your node must be online to catch the block with a tx containing one of your orders and fulfill it in time before the miners reassign the order based on lowest timeout block count set by orders.

blocktime of 1 minute should do


we would need something centralized for id and trust systems
you could optionally have your orders matched only with users that have a valid issued ID and trust level or do it on the your node side as a rule for trade execution

How do wallets of differing currencies check everything though, especially with varying block times and such?

a module for every type of trade needs to be made and optional to each node, miners need all the modules for verification
orders specify the address to be used to receive, nodes must use those addresses when doing trade execution so miners can validate all fragment trades have been completed.
trade execution happens directly between peers and not by the miners, and orders would be unlisted if no problem happens during trade after set timeout
if a problem does occur and someone doesn't fulfill a fragment of their trade, the scammed counter-party sends a transaction notifying the miners, they can check that the counter-party did not send the fragment and update the trust level of the counter-party.
orders dont need to be fully consumed by a trade, miners are aware of what fraction of an order has been assigned a match.


i feel the need to make my own wallet software that would support easy implementation of any/multiple protocols to act as a multi-coin wallet and offer the chain services for all implemented coin blockchains, so nodes and miners can do validation, or atleast have the same server that assigns ID offer an API to query any coin, since having a wallet with all the blockchains supported by the distributed exchange would be very expensive on the storage space and bandwidth.

[Bonn3rs]

Volume is crashing, in the gutter.  2.675btc 24hr on mintpal.  Need to get some stuff happening.

It's going down coz fewer people are auto-selling a 1 sat.

I'm getting as much BTC together as I can & buying a few @ 2 sats, just praying it stays that low until all my funds can be maneuvered into position.

It's a time of great opportunity for those dedicated to the long-term future of this coin

Yes, this is true.

Once the proof-of-work stage is over, it will be time to go back to multipools (or a new coin) and either add to zeit or what have you. Just keep buying.

AT MINIMUM, after ALL COINS ARE MINED, this coin will always have a minimum market cap of $623,700-$1,247,400 (99B zeit, 1 sat buy, 2 sat sell). After first year, only 37% of zeit will be mined compared to 57% doge mined so far. Plus we are PoS, so no more mining.

Also, the DEV appears to genuinely believe in this coin and is not short-term profit motivated (we hope).

Anyways, I want this coin to stay at 1 SAT for the next 4 WEEKS, means fewer miners and more coin for me to mine!

I'm not quite sure you understand market cap if you think that's the case. Just because 1 satoshi is the minimum physical purchase price does not mean the value can't drop below it. If the 1 sat buy wall goes there will only be sells and trading sites will be forced to make a different trading pair to reflect the true value and hence lower than 1 sat.

[TuxNut]

Zeit, a Coin with purpose
To end all coins
yes, inc itself

decentralised exchange, I heard of that, but now that I thinking it through, this could actually be the solution. Using a tx log like a single cryptocoin but then possible for multiple coins. Decentralised computers over the world supporting an exchange and receive change fees. And then still some ingenieus solution on fiat money. We only need again one satoshi nakamoto to work it out :-)

Indeed we do. I think this is a fantastic way for someone to make a lot of money, esp if there are built in fees that primarily benefit the software developer (gives him an incentive to keep improving the software).

Come on dude, there's no need for a monetary incentive. How about the incentive to change the world, to make it a better place, to empower future innovation!

[mrsimons121]

love zeitcoin

[TuxNut]

I'm not quite sure you understand market cap if you think that's the case. Just because 1 satoshi is the minimum physical purchase price does not mean the value can't drop below it. If the 1 sat buy wall goes there will only be sells and trading sites will be forced to make a different trading pair to reflect the true value and hence lower than 1 sat.

/Signed

[atronite]

Zeit, a Coin with purpose
To end all coins
yes, inc itself

decentralised exchange, I heard of that, but now that I thinking it through, this could actually be the solution. Using a tx log like a single cryptocoin but then possible for multiple coins. Decentralised computers over the world supporting an exchange and receive change fees. And then still some ingenieus solution on fiat money. We only need again one satoshi nakamoto to work it out :-)

Indeed we do. I think this is a fantastic way for someone to make a lot of money, esp if there are built in fees that primarily benefit the software developer (gives him an incentive to keep improving the software).

Come on dude, there's no need for a monetary incentive. How about the incentive to change the world, to make it a better place, to empower future innovation!

How do you expect the software developer to work full time on the software? How does he eat? How does he continue to afford more resources to improve the software? We don't live in a resource based economy yet. There has to be enough for him to at least let him afford the same lifestyle working full time on this as he did while working full time for someone else.

You need at least $500k saved up in today's money just to retire on time and live another 30 years unemployed.

[angryacorn]

Zeit, a Coin with purpose
To end all coins
yes, inc itself

decentralised exchange, I heard of that, but now that I thinking it through, this could actually be the solution. Using a tx log like a single cryptocoin but then possible for multiple coins. Decentralised computers over the world supporting an exchange and receive change fees. And then still some ingenieus solution on fiat money. We only need again one satoshi nakamoto to work it out :-)

Indeed we do. I think this is a fantastic way for someone to make a lot of money, esp if there are built in fees that primarily benefit the software developer (gives him an incentive to keep improving the software).

Come on dude, there's no need for a monetary incentive. How about the incentive to change the world, to make it a better place, to empower future innovation!

How do you expect the software developer to work full time on the software? How does he eat? How does he continue to afford more resources to improve the software? We don't live in a resource based economy yet. There has to be enough for him to at least let him afford the same lifestyle working full time on this as he did while working full time for someone else.

You need at least $500k saved up in today's money just to retire on time and live another 30 years unemployed.

+1 still have to live in this world and current currency is a good incentive to get these ones going!

[yodoberman]

If we would just have a block explorer...

[atronite]

If we would just have a block explorer...

How many other coins have a block explorer besides bitcoin? That would be interesting to know.

[TuxNut]

Zeit, a Coin with purpose
To end all coins
yes, inc itself

decentralised exchange, I heard of that, but now that I thinking it through, this could actually be the solution. Using a tx log like a single cryptocoin but then possible for multiple coins. Decentralised computers over the world supporting an exchange and receive change fees. And then still some ingenieus solution on fiat money. We only need again one satoshi nakamoto to work it out :-)

Indeed we do. I think this is a fantastic way for someone to make a lot of money, esp if there are built in fees that primarily benefit the software developer (gives him an incentive to keep improving the software).

Come on dude, there's no need for a monetary incentive. How about the incentive to change the world, to make it a better place, to empower future innovation!

How do you expect the software developer to work full time on the software? How does he eat? How does he continue to afford more resources to improve the software? We don't live in a resource based economy yet. There has to be enough for him to at least let him afford the same lifestyle working full time on this as he did while working full time for someone else.

You need at least $500k saved up in today's money just to retire on time and live another 30 years unemployed.

+1 still have to live in this world and current currency is a good incentive to get these ones going!

You two may wish to read what was actually said.

Look, I highlighted it for you!

It's called open source. It means that a large number of people work on it when they can, some might even be employed to do so, as with much of the GNU GPL stuff, some key developers are employed by companies in those fields and they're given X number of hours a month to work on the open source code.

What's bitcoin ya bunch of numpties?

ADDITIONAL EDIT:
Here, this is the kind of thing I'm talking about:
http://www.coindesk.com/gavin-andresen-bitcoin-companies-support-open-source/

[TuxNut]

If we would just have a block explorer...

How many other coins have a block explorer besides bitcoin? That would be interesting to know.

Every single one that's more than 8 weeks old and every single one on Coin Warz and market cap.

EDIT:
To clarify, by 'every single one that's more than 8 weeks old' I mean... that still has any worthwhile value as coins take a LONG time to completely die.

[TuxNut]

Okay the first lot of buy orders I put in at 1 satoshi has now been filled. I now permit the whales to come and buy all of the coins upto 6 sat (above that will annoy me that I didn't put higher prices )

[atronite]

Okay the first lot of buy orders I put in at 1 satoshi has now been filled. I now permit the whales to come and buy all of the coins upto 6 sat (above that will annoy me that I didn't put higher prices )

No!! Then difficulty will skyrocket!! LOL

Just wait till after the 6 week mining period is over! lol

[TuxNut]

It can go right back down so I can buy back the same amount of Zeit but should then be able to pay the electric.
Hey, I'm not selfish, so long as I'm sorted out I'm willing to share

[alekzander]

whats going on with the block explorer? need help?
this is delaying the progress of this coin dramatically?