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

[Zels]

Hi.
I would like to know how long your maintenance will take to get this 2 wallet online?
Zeit is is maintenance for a really long time?  when I update my local wallet it took less than 24h but on your side it take weeks.  What's wrong?

And about HBN, any ETA for this one to be online.

Seem you're not afraid to loose customer with more than 30 wallet in maintenance when other exchanges are faster to update

Code:

Thank you for contacting Cryptsy.
Currently ZEIT and HBN is offline for maintenance.
Please know that your coins are safe, and  should be returning soon.
THank you kindly for your patience and understanding.
Have a great day!

Sincerely, 
Phoebe
Cryptsy.com

Less than 5min to answer. But "soon" is not really an answer 

[kiklo]

@ticote

ZeitKnights are here to protect the coin,
their is no governance of any kind over the Zeit Community which the Knights are a vocal part of.

But CryptoDouble can kill a POS coin, due to a 51% attack ,
that is a danger that everyone should be aware of.
You made Matter of Fact Statements that 51% was not a danger and no one should worry, that kind of attitude is reckless at best.

To get 51% a group would have to buy up that amount,
there is not currently 51% on the exchanges, so that is no threat.
But if it were it would drive the prices skyhigh and it would be almost impossible to do.

However if the Zeit Community begins sending their coins back to cryptodouble after every doubling.
Cryptodouble would only need to have 17% to 26% to launch a 51% attack due to their 100 hour window.
Zeit community stores 26% , they double to 52% , then shut down their site, 20 days later
Boom that is the end of our coin , as no one will trust a coin after a successful 51% attack.
You could kill a POS Coin without barley raising the price at the exchange and for less than 25% of its Marketcap.

Do you still want people to send zeitcoins to cryptodouble, (which can destroy zeitcoin)

What do you care if they use POW coins like lite or doge or BTC instead , since we all know something dishonest is going to happen.

 

[kiklo]

Danger Posed at POS Coins by CryptoDouble

Everyone says they are just a Ponzi Scheme,

What if they are really a Trojan Horse.

A Way to Kill POS Coins by mounting a 51% attack.

A POS Community starts sending their coins to Cryptodouble,
And keeps sending them back until they have 26% of a coin,
CryptoDouble then buys up only another 26% and they then control 52% of the coins total amount, then they could hit the coin with a 51% attack and destroy the coin.

Something all POS Communities should consider before sending POS coins to cryptodouble.
Smarter move would be to only send them POW coins, if you are Gambling with your coins.


 

FYI:
If the Exchange Volumes don't increase , then they already have purchased 26% and are waiting for the communites to give them the rest.

[kiklo]

 w00t !

troll killer   

+1

I officially appoint kiklo as deputy Lion.

*your apprenticeship is over young padawan - Use the claw, Kuke *

Thanks to Both of you for the Kind Words.   

I always wanted to use the claw.

 

[Varvarin]

Out of 30bil Zeits, about 10bil is in safe hands. It would take a hell of a lot of BTC to buy the rest.

Not to mention Cryptox2 is going to fold in about a week or 2 tops.

[YoBit]

Dear Forum Members!

ZeitCoin is listed on YoBit.net Exchange (free coins in chat): https://yobit.net/en/trade/ZEIT/BTC

Our topic on BitcoinTalk: https://bitcointalk.org/index.php?topic=914975.0

[kiklo]

Dear Forum Members!

ZeitCoin is listed on YoBit.net Exchange (free coins in chat): https://yobit.net/en/trade/ZEIT/BTC

Our topic on BitcoinTalk: https://bitcointalk.org/index.php?topic=914975.0

YAY!!!  

A New Exchange with 3 Language Choices English & Russian & Chinese

 

FYI:
They are probably still syncing with our blockchain, sent a test deposit & will update when it is received at their exchange.
Edit it Arrrived.

And WOW check this out    
ZEIT / BTC
24High: 0.00000800
24Low: 0.00000200

Sold 100 zeitcoins for 800 satochi each, we have got to stop giving away zeitcoins at the exchanges.

[uki]

Dear Forum Members!

ZeitCoin is listed on YoBit.net Exchange (free coins in chat): https://yobit.net/en/trade/ZEIT/BTC

Our topic on BitcoinTalk: https://bitcointalk.org/index.php?topic=914975.0

I wonder what Lion thinks about this mickey mouse exchange.

[LionOfNarnia]

Dear Forum Members!

ZeitCoin is listed on YoBit.net Exchange (free coins in chat): https://yobit.net/en/trade/ZEIT/BTC

Our topic on BitcoinTalk: https://bitcointalk.org/index.php?topic=914975.0

I wonder what Lion thinks about this mickey mouse exchange.

I think that

a) It's too early to judge a new exchange - so no major deposits there until it's proven good.

b) Zeit/btc pairings - esp. in Chinese! - are potentially a VERY good thing as ltc is collapsing faster than paycoin

[LionOfNarnia]

Additional

Despite the FUD on their thread about it, registration was spot-on.

I then sent a few thousand Zeit over - it confirmed before I rolled one

One thing I've noticed that I like is that the minimum order value has to be at least 0.0001 BTC

Did anyone else notice that some lucky bugger sold 100 Zeit for 800 sats each earlier today?

[stevegreer]

I must admit, I was a bit skeptical of the YoBit thing when I first read it here. I mean, having Zeit priced at 800 satoshi? Although that would be nice (will be nice, that is), it just seemed a bit fishy to me. It seemed at first like an attempt to get people to start dumping their Zeit on the exchange, for whatever nefarious purpose, I don't know. But I had just awakened from a serious lack of sleep after having been at work all night, so my mind was going a bit off.

But now that I am about to enjoy my first cup of coffee for the day, and I am more awake, I took a look at the website and it looks pretty professionally done to me. I see that there are sell walls at 2 through 7 satoshis and a buy wall at 1, so that looks more reasonable.

Still, I think I will bide my time and keep an eye on this exchange before I start using it. I am inherently distrustful of exchanges as it is. And we have to face facts, the Chinese do have an unfortunate reputation of being scammers in the crypto world. I really hope this turns out to be legit though. Having an exchange in the Asian market will be good, I think.

[Rent_a_Ray]

There can't be any safe Exchange as long as people are working on it.
I don't need the green ProjectInvestors SSL bar in my browser. It says nothing about their security status.
Have a look at BTC-e. It's one of the biggest and oldest BTC marketplaces in the scene. Do we know who's behind?

We know Paul Vernon of Cryptsy. But who cares? If they loose 10000 BTC Paul would say: "We were robbed! It was an inside job!"
That's all - Cryptsy will close the doors.

If Comkort get robbed, Admin would probably say the same. There is no difference. In both cases we are screwed, eh?

All we need is luck  

[LionOfNarnia]

Very true, NO centralised exchange is ever truly 'safe'.

LOL those sell walls are mostly mine, doing my best to 'keep things honest' while this exchange 'proves itself'

The (BTC) withdrawal system works fine, so far - I sent some to 'trex to buy a few BYC earlier.

[stevegreer]

I agree. Exchanges are a necessary evil. I don't trust them, but I still use them. But I learn from other's misfortunes and I don't leave my Zeit on the exchanges any longer than I have to. Most often I make a purchase and withdraw immediately. I haven't sold any of my Zeit, but I understand that some people do in order to maintain market fluidity. It is a risk some people are willing to take in order to shore up sell walls and what not. I'm just not very trusting by nature. But the good thing is that Zeit has mostly been left alone by scammers and dumpers lately. I'll keep my eye on this exchange for sure. The one good thing I can say about it is that we didn't have to buy votes to be listed there. That is one thing I simply can't stand and have never been a fan of.

[Rent_a_Ray]

We have a new (3rd) Explorer. It's not as comfortable as chainz, but it's our own and it's free.
It's a bit slow at the moment. I will upgrade the VServer and the kernel version for a better performance/security in the next days.
Link coming soon! (after syncing  )

It's one of the first Tools I am working on. Graphical price chart, faucet and API will follow.
(after cutting the video)







Cheers,
Ray

[LionOfNarnia]

Looks great Ray

...speaking of exchanges, Comkort has been down (522 error) for the last couple of hours.

- Glad I don't have much there

[kiklo]

...speaking of exchanges, Comkort has been down (522 error) for the last couple of hours.

Update on their status

Comkort is back Online.  

 

[kiklo]

All Zeit Wallet Users should update to the Latest Version  2.0.1.5 Gauntlet

Click the Link Below for the Wallet Install Details
https://bitcointalk.org/index.php?topic=487814.msg9909181#msg9909181

 

[Mitras]

http://coinmarketcap.com/currencies/zeitcoin/

[Rent_a_Ray]

A question for the Linux pro's.

After some testing with the explorer, kiklo and I be sure: the VPS needs an upgrade.
Zeitcoin Daemon eats up around 70% (512) of physical memory and 80% of CPU while syncing.
After that, zeitcoind uses 69% mem, 20% CPU.
(free space 9GB, zeitcoind niceness=+15)

While the Daemon gets synced, zeit-coin.net mainpage is very slow. (Which is ok for me, I could limit the CPU usage for zeitcoind)
After some hours of working well, zeitcoind destroys the blkindex.dat. (irreparably)

Code:

EXCEPTION: St13runtime_error       
CDB() : can't open database file blkindex.dat, error 22       
zeitcoin in AppInit()       

terminate called after throwing an instance of 'std::runtime_error'
  what():  CDB() : can't open database file blkindex.dat, error 22
Aborted

Rebooting the server in this case is not possible anymore without external access.
All services (including SSH/FTP) are blocked, crashed or dead.

Well, next upgrade level is 1 GB RAM and a Xeon Dual Core. Would try this.

Any experience?

Specs:
OS: Debian minimal.
RAM: 1 GB
CPU: 2 Xeon
HD: 40 GB

Services:
mySQL Server
postgre Server
apache2+php+....
zeitcoind
fail2ban server

Unbelievable for me: Most wallets are successfully working on a RaspyPI with apache, sql etc...... (256/512MB, slow ARM CPU)
Compiling takes many hours till days (on my VPS only 8 mins), but daemons are running there..

Any idea?

Thanks in advice,
cheers Ray