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

[kiklo]

The crypto landscape of tomorrow is NXT.  All it requires is an online computer to maintain the network ('nodes') and the investors get rewarded for maintaining the transaction blockchain.  Bonus ... a de facto decentralized network is created by the 'stakes' miners.

While their is nothing wrong with running Virtual PCs,
if they are centralizing their nodes on mostly 1 network such as amazon,
that does create a single point of failure , if amazon center goes down and the majority of the wallets are taken offline at once. It needs to be spread out to be secure.

Also they have some issues hanging over them.
a possible way to trick their client into forging with twice the weight, that has never received a clear answer.
https://nxtforum.org/testnet/nxt-security-audit-attack-simulations-on-testnet/

 
 

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[BitcoinNational]

@kiklo

"single point of failure"

my suggestion is not attach to Super or Block
rather do the same, help other lesser coins maintain secure config file list to getting attached to their peers
(maybe something that even allows merged mining stakes ... wild idea but I think it will evolve into that)

Do study what Super and Block and others like that are doing!

What is the ultimate HUB that attaches them all ... i don't know but I think it is coming ... but ZIET ought most definitely be a spoke connecting many into a greater wheel.



Super, Block, Bts, and PPC are claiming those little green boxes.  Ziet is in the right position to work towards maintaining a spoke of integrity and resilience.

[kiklo]

@kiklo

"single point of failure"

my suggestion is not attach to Super or Block
rather do the same, help other lesser coins maintain secure config file list to getting attached to their peers
(maybe something that even allows merged mining stakes ... wild idea but I think it will evolve into that)

Do study that Super and Block and others like that are doing!

What is the ultimate HUB that attaches them all ... i don't know but I think it is coming ... but ZEIT ought most definitely be a spoke connecting many into a greater wheel.

Super, Block, Bts, and PPC are claiming those little green boxes.  Zeit is in the right position to work towards maintaining a spoke of integrity and resilience.

Every link we make with one of the other coins places a rope around our freedom to innovate in the future.
As everything stands at the moment , we can make any change to add or change features without worry that it will break our connection to supporting another coin.
I have looked at Super & the others, have not really see anything of major interest at the current time.

In Fact , I considered them an ISM .
https://www.youtube.com/watch?v=Oz9fX_HfsXA

It is great your enthusiastic, but making zeit into a zeitnet for other coins , does not fit with the original concept of making zeit into a virtual resource to save the world from financial madness & corruption.
And becoming a zeitnet would derail us from that original course.
Unlike other coins zeit will not wavier from our course, becoming a hybrid, using a checkpoint server, creating masternodes, being a supernet, are all distractions leading toward centralization for maybe a  quick buck. Zeit will not fall for these attempts, we are not desperate , Zeit is Focused and Patient , which is why we will be the Last Coin Standing even over Bitcoin.

 

[BitcoinNational]

I will counter with 'numbers matter'.

These kinds of networks allow for the creation of alt internets ... data hosting and AI management systems.

I don't see the creation of a Zeitnet causing any limitation only increasing the potential and strength of the network we are already trying to ramp-up.  In fact if we all go that route we ought aim to specifically to make Zeitnet none ridged in design.

Think ZIET as more of a platform that allows side-chain like abilities.

Later as things shape-up we can explore if and how to connect with the SuperNets now under construction.

I think this is the right vision.  Stakes coins reclaim the network and reward back to individuals running the networks from their home.  No ASICs no centralized pools, no hash farms, plus the efficient use of electricity.  So we got that going for us.  Why not lead in the innovation of the stakes arena, a Zeitnet platform will attract a greater community focused on a political unity.

[kiklo]

I will counter with 'numbers matter'.

These kinds of networks allow for the creation of alt internets ... data hosting and AI management systems.

I don't see the creation of a Zeitnet causing any limitation only increasing the potential and strength of the network we are already trying to ramp-up.  In fact if we all go that route we ought aim to specifically to make Zeitnet none ridged in design.

Think ZIET as more of a platform that allows side-chain like abilities.

Later as things shape-up we can explore if and how to connect with the SuperNets now under construction.

I think this is the right vision.  Stakes coins reclaim the network and reward back to individuals running the networks from their home.  No ASICs no centralized pools, no hash farms, plus the efficient use of electricity.  So we got that going for us.  Why not lead in the innovation of the stakes arena, a Zeitnet platform will attract a greater community focused on a political unity.

Tell you what, you make the program changes and we will take a look at it.
Here is the base code
https://github.com/zeitcoin/zeitcoin

Be aware the changes to becoming a zeitnet would most likely affect our Speed, and cpu % use on PCs.
Slowing Speed and Increasing CPU & Ram & Bandwidth requirements, not something most of us want.

Let us know when you are ready.  

 

FYI:
The alt internet feature does not require it to be a supernet.
And have been watching that with interest
http://cointelegraph.com/news/113343/what-would-kim-dotcoms-meganet-look-like-op-ed
But it is also not needed to accomplish our original goals and would be another distraction.
Technically speaking what we have now , can achieve our original goal.

[Rent_a_Ray]

You need to get some full-time developers to start such a big project.
Plus, I see no advantage in the supernet. It's a big one-man-show (with hundrets of assets) pushing up btcD and NXT.

Cheers

[BitcoinNational]

You need to get some full-time developers to start such a big project.

I am saying ZIET might be a good rally point for the dozen or so decent stakes devs but have low market cap stakes coins.  The first push should be nothing more complicated than figuring out how to share costs on creating a robust node network.  In fact maybe ZIET can provide that service (someone was offering earlier I think too).  And from there maybe optimizing the lines of code (aka share notes via github).  

Later once SuperNet and BlockNet are clearly understandable.  Then the already established association of others might form into said ZIETNet.  

_{*Example
http://windsor.cach.co:8337/
I know this is based on POW/pools but ZIETNet 1.0 might be nothing more than reliable node observation and reporting}

[kiklo]

You need to get some full-time developers to start such a big project.

I am saying ZIET might be a good rally point for the dozen or so decent stakes devs but have low market cap stakes coins.  The first push should be nothing more complicated than figuring out how to share costs on creating a robust node network.  In fact maybe ZIET can provide that service (someone was offering earlier I think too).  And from there maybe optimizing the lines of code (aka share notes via github).  

Later once SuperNet and BlockNet are clearly understandable.  Then the already established association of others might form into said ZIETNet.  

Our Energy & Resources are focused toward Zeit, but not a zeitnet.
The low marketcap coins could just sell their coins and buy zeit , and that would solve their problems. 

I PMed you a group that might be interested in your coin net idea, contact them and see if they are willing to devote time & resources to your idea.

 

[LionOfNarnia]

(Just sitting quietly in the background, softly growling )

E2A

<====

Activity 4:20

Yeah, sure am!

[podizzle]

44M zeit for only $228? hmz could be worth $22,800 next year

[LionOfNarnia]

What percentage of all Zeitcoins are currently staking?

(an arse on twitter claims it's only ~7%)

[kiklo]

What percentage of all Zeitcoins are currently staking?

(an arse on twitter claims it's only ~7%)

The arse is ~ correct ,  

Place to check is here
https://chainz.cryptoid.info/zeit/#!extraction

But 7% for us (due to our size) is over 2 billion.  

But normally we are ~4 billion around 15%.

That is the ~current number of coins online & staking at that moment in time.

Compared at the moment of this posting
Zeit  ~7% of total    over 2 billion coins
Mint ~1.7% of total   ~350 million coins
Black ~13.6% of total  only ~10 million coins

When you show the real # of coins, you can see we win.
But by using % it gives the wrong answer.

Throw the real # at him, it shows how massive ZEIT truly is.  

 

[Rent_a_Ray]

Why do you think % is wrong? 
Doesn't matter how many coins are outstanding.

Btw. BTER 2nd place.. 

[kiklo]

Why do you think % is wrong?  
Doesn't matter how many coins are outstanding.

Btw. BTER 2nd place..  

Sorry, sometimes forget to say everything , I am thinking.
The % number is correct, it was the implied implication of the guy on twitter that only 7% was bad.
When for us 7% is over 2 billion coins, which that is very good and even more noticeable when compared to 2 other POS coins. The more coins that are actively minting the better our security from a 51% attack.  
Which also seemed implied from the twitter comment, but you know my ZOCO may have been reading more into it than was there.  

 


FYI:
BTER #1 spot does not look so far away any more.
ZOCO= Zeit Obsessive Compulsive Order  
Why order instead of disorder, because their is no dis in Zeit .  

[kiklo]

In the Ripple is now a Snitch for the US Gov. News
or
Reason not to be a Coin with an LLC in the US News
http://cointelegraph.com/news/114162/rincen-fines-ripple-labs-us700k-in-civil-enforcement-action

In the You can't trust a Gov. News
http://cointelegraph.com/news/114158/nepali-state-to-seize-all-relief-funds-from-bank-accounts


 

[solarion]

I didn't care about ripple BEFORE the few XRPs I was gifted were stolen with the move to their new lame website. Don't like their system and I won't ever use it.

[jesselivermore]

FYI:

I'm placing this coin on long term accumulate as it is nearing new all time highs and is approaching a key long term cup and saucer breakout:

http://www.thebitcoinchannel.com/wp-content/uploads/2015/05/ZEIT.jpg

http://www.thebitcoinchannel.com/

[Rent_a_Ray]

FYI:

I'm placing this coin on long term accumulate as it is nearing new all time highs and is approaching a key long term cup and saucer breakout:

[podizzle]

Zeit reactor enabled. Set buy blast to 160 ltc. Engage.

[jesselivermore]

You watch the market that is, the course of prices as recorded by the tape with one
object: to determine the direction that is, the price tendency. Prices, we know, will move
either up or down according to the resistance they encounter. For purposes of easy
explanation we will say that prices, like everything else, move along the line of least
resistance. They will do whatever comes easiest, therefore they will go up if there is less
resistance to an advance than to a decline; and vice versa.

Nobody should be puzzled as to whether a market is a bull or a bear market after it fairly
starts. The trend is evident to a man who has an open mind and reasonably clear sight,
for it is never wise for a speculator to fit his facts to his theories. Such a man will, or
ought to, know whether it is a bull or a bear market, and if he knows that he knows
whether to buy or to sell. It is therefore at the very inception of the movement that a man
needs to know whether to buy or to sell.

Let us say, for example, that the market, as it usually does in those between-swings
times, fluctuates within a range of ten points; up to 130 and down to 120. It may look
very weak at the bottom; or, on the way up, after a rise of eight or ten points, it may look
as strong as anything. A man ought not to be led into trading by tokens.

He should wait until the tape tells him that the time is ripe. As a matter of fact, millions upon millions of
dollars have been lost by men who bought stocks because they looked cheap or sold
them because they looked dear. The speculator is not an investor. His object is not to
secure a steady return on his money at a good rate of interest, but to profit by either a
rise or a fall in the price of whatever he may be speculating in. Therefore the thing to
determine is the speculative line of least resistance at the moment of trading; and what
he should wait for is the moment when that line defines itself, because that is his signal
to get busy.

Jesse Livermore - Reminiscences Of A Stock Operator

https://archive.org/stream/JesseLivermoreReminiscencesOfAStockOperator/Jesse%20Livermore%20Reminiscences%20Of%20A%20Stock%20Operator#page/n105/mode/2up