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Question: ZEITCOIN
https://zeit-coin.net
https://zeit-knights.slack.com
https://t.me/zeit_coin

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Author Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS]  (Read 1003007 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (3 posts by 3 users deleted.)
LionOfNarnia
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March 26, 2014, 07:37:48 PM
Last edit: March 26, 2014, 07:53:42 PM by LionOfNarnia
 #6681

What's happened to our block explorer?

E2A - hah, it's changed addy since I last used it, good job the OP has been updated Wink

My head has been in a shed with that fucked-up excuse for a new coin BLITZ, what a waste of time Sad

Member of the UK Digital Currency Association * Bitrated user: LionOfNarnia. * Member of the ZeitKnights * Member of the Bytecent Community Team

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Anonymousg64
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March 26, 2014, 07:59:45 PM
 #6682

i have a theory, what if we caused the drop in value because less people mined, creating a feedback loop of miners willing to sell lower and lower as they got more coins from lower difficulty?

I think we should try increasing the network hashrate to 10Gh/s and see if a rise in value follows from miners holding their coins until more profitable to sell.


I have 98 million ZEIT and aim to get that to 100
angryacorn
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March 26, 2014, 08:01:41 PM
 #6683

i have a theory, what if we caused the drop in value because less people mined, creating a feedback loop of miners willing to sell lower and lower as they got more coins from lower difficulty?

I think we should try increasing the network hashrate to 10Gh/s and see if a rise in value follows from miners holding their coins until more profitable to sell.

explain a bit more please?
Anonymousg64
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March 26, 2014, 08:04:35 PM
 #6684

i have a theory, what if we caused the drop in value because less people mined, creating a feedback loop of miners willing to sell lower and lower as they got more coins from lower difficulty?

I think we should try increasing the network hashrate to 10Gh/s and see if a rise in value follows from miners holding their coins until more profitable to sell.

explain a bit more please?

by giving up on mining our coin, we left it to those who seek profit only, increasing the amount of coins they get by lowering difficulty, thus increasing the amount of supply on exchanges
what if we tried to reverse that, get those who seek profit off our coin and reduce the amount of coins individuals get for better distribution, would we see less coins on exchanges?
angryacorn
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March 26, 2014, 08:06:31 PM
 #6685

i have a theory, what if we caused the drop in value because less people mined, creating a feedback loop of miners willing to sell lower and lower as they got more coins from lower difficulty?

I think we should try increasing the network hashrate to 10Gh/s and see if a rise in value follows from miners holding their coins until more profitable to sell.

explain a bit more please?

by giving up on mining our coin, we left it to those who seek profit only, increasing the amount of coins they get by lowering difficulty, thus increasing the amount of supply on exchanges
what if we tried to reverse that, get those who seek profit off our coin and reduce the amount of coins individuals get for better distribution, would we see less coins on exchanges?

so start mining again? it makes sense to us who have 10's of mills for that to happen, im in. Smiley
Anonymousg64
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March 26, 2014, 08:07:34 PM
Last edit: March 26, 2014, 08:19:53 PM by Anonymousg64
 #6686

i have a theory, what if we caused the drop in value because less people mined, creating a feedback loop of miners willing to sell lower and lower as they got more coins from lower difficulty?

I think we should try increasing the network hashrate to 10Gh/s and see if a rise in value follows from miners holding their coins until more profitable to sell.

explain a bit more please?

by giving up on mining our coin, we left it to those who seek profit only, increasing the amount of coins they get by lowering difficulty, thus increasing the amount of supply on exchanges
what if we tried to reverse that, get those who seek profit off our coin and reduce the amount of coins individuals get for better distribution, would we see less coins on exchanges?

so start mining again? it makes sense to us who have 10's of mills for that to happen, im in. Smiley

i will throw my 10Mh/s back at it



we need a community effort to test this
Soumaxeridis
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March 26, 2014, 08:22:20 PM
 #6687

I'm in, I started mining ZEIT as well.
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March 26, 2014, 08:24:07 PM
Last edit: March 26, 2014, 08:55:11 PM by BeholdTheTrueWake
 #6688

I don't have crazy hash power, but I'll help out in this test too.
Hope others join in, it'll take a good portion of the community to see any difference.

If nothing major changes in a few hrs I'll have to switch back to my alternate.
Lion' does have a valid point, if we're are to make a push on those walls, would be wise to prepare for the target date.
LionOfNarnia
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March 26, 2014, 08:24:34 PM
 #6689

i have a theory, what if we caused the drop in value because less people mined, creating a feedback loop of miners willing to sell lower and lower as they got more coins from lower difficulty?

I think we should try increasing the network hashrate to 10Gh/s and see if a rise in value follows from miners holding their coins until more profitable to sell.

explain a bit more please?

by giving up on mining our coin, we left it to those who seek profit only, increasing the amount of coins they get by lowering difficulty, thus increasing the amount of supply on exchanges
what if we tried to reverse that, get those who seek profit off our coin and reduce the amount of coins individuals get for better distribution, would we see less coins on exchanges?

so start mining again? it makes sense to us who have 10's of mills for that to happen, im in. Smiley

i will throw my 10Mh/s back at it



we need a community effort to test this


Soz guys, my feeble 1.3Mh/s is staying on VertCoin Sad

For one, I'm not convinced by this strategy - or even how you'll know if YOUR efforts have changed anything.

For two, I need as much ammo as I can get for Z-28:03

Member of the UK Digital Currency Association * Bitrated user: LionOfNarnia. * Member of the ZeitKnights * Member of the Bytecent Community Team

"I don't always kill & eat things - but when I do it's because I'm a Lion & they were things"
ydrogios
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March 26, 2014, 08:32:00 PM
 #6690

@ LionOfNarnia = Did you start mining Blitz this evening?

Tried to start, loadza problems, gone back to Vert.

One hour wasted Sad
Blisz has Launch?Huh
LionOfNarnia
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March 26, 2014, 08:37:52 PM
 #6691

@ LionOfNarnia = Did you start mining Blitz this evening?

Tried to start, loadza problems, gone back to Vert.

One hour wasted Sad
Blisz has Launch?Huh

TOTAL cluster-fuck Sad

When I gave up on it (90 mins ago) there were as many forks as pools & no working market.

I'm NOT saying it was a scam. (Though plenty are.) Just too fucked up to waste any more time on.

Member of the UK Digital Currency Association * Bitrated user: LionOfNarnia. * Member of the ZeitKnights * Member of the Bytecent Community Team

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oox
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March 26, 2014, 08:44:29 PM
 #6692

Is there a blockchain explorer? I mined for a few weeks from launch. Updated wallet other day and had nothing but trouble. Now it's saying 900,000+ are unconfirmed  Undecided
Anonymousg64
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March 26, 2014, 08:48:04 PM
 #6693

i have a theory, what if we caused the drop in value because less people mined, creating a feedback loop of miners willing to sell lower and lower as they got more coins from lower difficulty?

I think we should try increasing the network hashrate to 10Gh/s and see if a rise in value follows from miners holding their coins until more profitable to sell.

explain a bit more please?

by giving up on mining our coin, we left it to those who seek profit only, increasing the amount of coins they get by lowering difficulty, thus increasing the amount of supply on exchanges
what if we tried to reverse that, get those who seek profit off our coin and reduce the amount of coins individuals get for better distribution, would we see less coins on exchanges?

so start mining again? it makes sense to us who have 10's of mills for that to happen, im in. Smiley

i will throw my 10Mh/s back at it



we need a community effort to test this


Soz guys, my feeble 1.3Mh/s is staying on VertCoin Sad

For one, I'm not convinced by this strategy - or even how you'll know if YOUR efforts have changed anything.

For two, I need as much ammo as I can get for Z-28:03

we will know, if the network hashrate stabilizes back to profitable levels, we know those not part of the community have left, if not we will be able to measure the impact of this lower profitability over time on the market.

I think it makes sense, more distribution, less dumpers, higher target price in miners mind for profitability.

ZION! lets show them our might, i dont want to make more then 1/5 of what i normally make, so 1Mh/s on ZEIT will get me 0.0014BTC/day
MAKE IT SO



i have a stock of ammo ready for friday
ydrogios
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March 26, 2014, 08:58:32 PM
 #6694

i have a theory, what if we caused the drop in value because less people mined, creating a feedback loop of miners willing to sell lower and lower as they got more coins from lower difficulty?

I think we should try increasing the network hashrate to 10Gh/s and see if a rise in value follows from miners holding their coins until more profitable to sell.


I have 98 million ZEIT and aim to get that to 100
It`s a good plan let`s try it we have nothing to loose i`m in people!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
stevegreer
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March 26, 2014, 09:01:46 PM
 #6695

I have 560K. Please try to contain your laughter.  Tongue

<tries to contain laughter>
aaaahahahahahaha Look at the wee little minnow!!!!

<failed to contain laugher>

Sorry :|

Nice. Thanks for that.  Cheesy

And Lion, I only wish I was a millionaire! I couldn't even lie and say I was anyway, because one look at the blockchain and my bluff would be called real quick!

LOL

If the explorer wasn't down I'd do just that Wink

Check yer wallet, dude.

Whoa! Thanks bro!! I'll be sure to send you some back when I get the mint from that! Finally a Zeitillionaire!!  Grin

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March 26, 2014, 09:02:51 PM
 #6696

Has anyone considered a zeit multi-pool similar to bcmultipool or mintpool to keep buy pressure on zeit? Basically mine alt coins, auto-exchange for btc, then auto-exchange for Zeit.
+1

THAT idea was suggested, then rejected by the community DAYS ago Sad

Multipooling is a lazy, wasteful, inefficient ploy for daily dumpers,

That is against just about everything we stand for here.

THIS community? I usually only check this thread every few DAYS. Usually once a WEEK. So I must have MISSED it. SORRY. Maybe if there was a more effecient way of giving information to THIS community. I'm too LAZY to read 350+ pages of troll agenda.

Multipooling helped cause a very decent lift for buy-and-holders of BC, MINT and VERT as soon as PoW dried up.

And how is it lazy, wasteful, and ineffecient? Wouldn't it be far more wasteful and inefficient to keep your mining power towards a fraction of 1 Zeitcoin PoW blocks? And wouldn't it be lazy to sit around and wait for PoS coins to enter the chain?  I hope THIS is not what the community is about.

Once PoW is done, the only two ways to increase your stake is PoS and buying Zeit. People with mining equipment are going to mine. Why are you shaming those for exchanging their mined coins to buy more Zeitcoin? If the community is against this, wow, I'm sorry I'm a part of this community!

Me, I'd rather put my resources and money into acquiring a larger stake than sit around and wait for it.

And who rejected the idea, exactly? You and a couple other multipool hating trolls?

I believe in this coin. I believe in acquiring this coin. I believe in holding onto this coin for long term value. I have a significant stake, and I wish to increase it. I'd prefer to spend only the PoS coins if I ever have to, so currently I want to acquire cheap coins as much as I can through PoS OR buying.

If the community is against this, then I think it is full of hypocrites in denial.
Kokok
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March 26, 2014, 09:08:57 PM
 #6697

I don't have crazy hash power, but I'll help out in this test too.
Hope others join in, it'll take a good portion of the community to see any difference.

If nothing major changes in a few hrs I'll have to switch back to my alternate.
Lion' does have a valid point, if we're are to make a push on those walls, would be wise to prepare for the target date.

I'll throw 2Mh/s at it...

Tired of mining BQC and DOGE anyways!
roadies
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March 26, 2014, 09:12:35 PM
 #6698

if people want a multipool then set one up! if you want to use it then use it if you don't then dont, take your own action and do what you think is right and things will sort them selves out.

Agreed. Thanks for this. I think your answer is much more representative of what this coin is about. Smiley
LionOfNarnia
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March 26, 2014, 09:15:32 PM
 #6699

Has anyone considered a zeit multi-pool similar to bcmultipool or mintpool to keep buy pressure on zeit? Basically mine alt coins, auto-exchange for btc, then auto-exchange for Zeit.
+1

THAT idea was suggested, then rejected by the community DAYS ago Sad

Multipooling is a lazy, wasteful, inefficient ploy for daily dumpers,

That is against just about everything we stand for here.

THIS community? I usually only check this thread every few DAYS. Usually once a WEEK. So I must have MISSED it. SORRY. Maybe if there was a more effecient way of giving information to THIS community. I'm too LAZY to read 350+ pages of troll agenda.

Multipooling helped cause a very decent lift for buy-and-holders of BC, MINT and VERT as soon as PoW dried up.

And how is it lazy, wasteful, and ineffecient? Wouldn't it be far more wasteful and inefficient to keep your mining power towards a fraction of 1 Zeitcoin PoW blocks? And wouldn't it be lazy to sit around and wait for PoS coins to enter the chain?  I hope THIS is not what the community is about.

Once PoW is done, the only two ways to increase your stake is PoS and buying Zeit. People with mining equipment are going to mine. Why are you shaming those for exchanging their mined coins to buy more Zeitcoin? If the community is against this, wow, I'm sorry I'm a part of this community!

Me, I'd rather put my resources and money into acquiring a larger stake than sit around and wait for it.

And who rejected the idea, exactly? You and a couple other multipool hating trolls?

I believe in this coin. I believe in acquiring this coin. I believe in holding onto this coin for long term value. I have a significant stake, and I wish to increase it. I'd prefer to spend only the PoS coins if I ever have to, so currently I want to acquire cheap coins as much as I can through PoS OR buying.

If the community is against this, then I think it is full of hypocrites in denial.

WHERE DO I START?  

1) I had NOTHING to do with the rejection of the multi-pool idea, but I thought about it afterwards & rejected it for the same reasons I rejected multi-pooling before Zeit.

2) To begin a big posting by slagging off the people who are here, not just every day, but many times a day is not a good start my friend.

3) Your beliefs about this coin are exactly the same as mine. Your tactics too. Read back a few days, you might want to join Z-28:03 Wink

4) Friendly advice - do more reading & less ranting Grin

Member of the UK Digital Currency Association * Bitrated user: LionOfNarnia. * Member of the ZeitKnights * Member of the Bytecent Community Team

"I don't always kill & eat things - but when I do it's because I'm a Lion & they were things"
orbcon
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March 26, 2014, 09:16:11 PM
 #6700

Ah, a pure sickener, was planning on borrowing some dosh from the credit union to buy a couple of BTC but no chance of happening before next week, price of Zeit will probably have tripled by then lol.
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