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

[solarion]

Just FYI stevegreer, SouthXchange currently has the lowest ask on Zeit.

Edit:

...well...not anymore.

[stevegreer]

Thanks for the inputs Mr. Black and solarion! I just noticed that Yobit has a Freecoins section, so I hit those up and I think I will use those to purchase a few Zeit instead of sending Zeit over just yet.

[solarion]

Thanks for the inputs Mr. Black and solarion! I just noticed that Yobit has a Freecoins section, so I hit those up and I think I will use those to purchase a few Zeit instead of sending Zeit over just yet.

Netime bud. I meant to check out Yobit in more detail, but haven't gotten over there much. Lemme know how the freecoin stuff goes.

Meanwhile...in other news...Zeit is now #67 in the world. BANG! ...the world. Market cap is over 1650 BTC.


We're comin' for ya sharky!

[solarion]

Just FYI stevegreer, SouthXchange currently has the lowest ask on Zeit.

Edit:

...well...not anymore.

Lowest ask? Everyone goes into full blown panic mode and everyone dumps all of their stakes, thereby ensuring that the bottoms out and never again goes above 1 satoshi.

5.14876615 satoshis say you're WRONG sir.


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

Zeitcoin has never been a fly by night pump and dump coin...this is a movement and we're in it for the long term. The inflation rate is pegged at only 20% this year and last I checked we're not even close to that. 15% next year and 5% thereafter. No, the vast majority of coins are being accumulated and staked to secure the Zeitcoin network. The initial POW inflationary period has long since past.

[kiklo]

Lowest ask? Everyone goes into full blown panic mode and everyone dumps all of their stakes, thereby ensuring that the bottoms out and never again goes above 1 satoshi.

LOL,
Zeit is not like other coins, there are no worries , only choices to make as we move Forward.
ZeitKnights & Zeit Community will ensure the success and acceptance of zeit thru out the world.  


 


FYI:
http://www.multifaucet.tk/index.php?blockexplorer=ZEIT
is back online. Thanks to GrinZ.

[solarion]

FYI:
http://www.multifaucet.tk/index.php?blockexplorer=ZEIT
is back online. Thanks to GrinZ.

Nice, it's well supplied too. Thanks GrinZ.

[atronite]

"Price of the coin has little bearing on the market it is chosen to be in.
Volume of trading is what we look at.
If this coin can produce 50 BTC volume trading per day, for an extended period of time, we may consider adding it to the BTC markets
"

This is what the Cryptsy support told me when I put in a request to get a BTC pairing.

Such BS, esp since SOOOO many of their BTC pairings aren't anywhere close to this.

[uki]

"Price of the coin has little bearing on the market it is chosen to be in.
Volume of trading is what we look at.
If this coin can produce 50 BTC volume trading per day, for an extended period of time, we may consider adding it to the BTC markets
"

This is what the Cryptsy support told me when I put in a request to get a BTC pairing.

Such BS, esp since SOOOO many of their BTC pairings aren't anywhere close to this.

that is a typical BS repeated by any exchange if you ask them add any pairing (be it Bittrex, Craptsy, c-cex, any other name of exchange of your choice).
They also claim extremely high server maintenance cost. I am so sick of this BS they repeat. If they have such high costs why at all they are in this business?

Sorry for going a bit off-topic here, but that is the answer I got when I asked comkort to add XDE (another coin that I am involved):

Code:

 For this moment adding XDE will not give us any profit.
1. Any wallet need resources like: CPU, RAM
2. We have to support it and help users if there are any issues with there transactions
3. Update wallets when there are new versions

So we can add if:
a) You or someone else will pay for XDE maintenance 0.2 BTC per Month
b) OR you can trade XDE with volume [b]100BTC per month[/b], it will give us 0.2BTC as trading fee 

Can you imagine that? They wanted me to guarantee them 100 BTC of trading volume, whereas they didn't get 100BTC a month on any pairing of theirs!
More, at the time of writing, out of 365 different markets they had only 13 (!) had the volume of more than 0.015 BTC!!!
No wonder that shortly after our correspondence they went out of business.
Good, I am happy to see the guys who don't know how to run their business to go out of it. For more that I liked their GUI!
And for more that we like/dislike Cryptsy, they should share similar fate, if they keep repeating this kind of BS and will have so long 'maintenance' periods when the wallets are frozen.

[solarion]

"Price of the coin has little bearing on the market it is chosen to be in.
Volume of trading is what we look at.
If this coin can produce 50 BTC volume trading per day, for an extended period of time, we may consider adding it to the BTC markets
"

This is what the Cryptsy support told me when I put in a request to get a BTC pairing.

Such BS, esp since SOOOO many of their BTC pairings aren't anywhere close to this.

that is a typical BS repeated by any exchange if you ask them add any pairing (be it Bittrex, Craptsy, c-cex, any other name of exchange of your choice).
They also claim extremely high server maintenance cost. I am so sick of this BS they repeat. If they have such high costs why at all they are in this business?

Sorry for going a bit off-topic here, but that is the answer I got when I asked comkort to add XDE (another coin that I am involved):

Code:

 For this moment adding XDE will not give us any profit.
1. Any wallet need resources like: CPU, RAM
2. We have to support it and help users if there are any issues with there transactions
3. Update wallets when there are new versions

So we can add if:
a) You or someone else will pay for XDE maintenance 0.2 BTC per Month
b) OR you can trade XDE with volume [b]100BTC per month[/b], it will give us 0.2BTC as trading fee 

Can you imagine that? They wanted me to guarantee them 100 BTC of trading volume, whereas they didn't get 100BTC a month on any pairing of theirs!
More, at the time of writing, out of 365 different markets they had only 13 (!) had the volume of more than 0.015 BTC!!!
No wonder that shortly after our correspondence they went out of business.
Good, I am happy to see the guys who don't know how to run their business to go out of it. For more that I liked their GUI!
And for more that we like/dislike Cryptsy, they should share similar fate, if they keep repeating this kind of BS and will have so long 'maintenance' periods when the wallets are frozen.

The above is why I send all the biz I can to exchanges whose mgmt doesn't act all high and mighty. Zeit still has BTC pairings at Yobit, Cryptopia, & SouthX, even with Comkort's closure. We just need more people to take their business elsewhere so the liquidity will improve at exchanges not named "500 lbs gorilla that sees customers as a nuisance". 

[Rent_a_Ray]

Volume of trading is what we look at.
If this coin can produce 50 BTC volume trading per day, for an extended period of time, we may consider adding it to the BTC markets

Coins with >=50 BTC Volume (4 / 200)
-------------------
Doge: 90 BTC
Dash: 86 BTC
LTC: 74 BTC
BTC: 67 BTC
-------------------

yesterdays volume of some popular Coins at Cryptsy:
-------------------
NXT: 19 BTC
BLK: 8 BTC
XRP: 10 BTC
MINT: 6 BTC
-------------------

Cheers
Ray

[almightyruler]

I can sympathise with exchanges wanting to be careful about which coins they add. I run a server with over 50 coins, just for my own private mining and hodling, and even my modest usage requires a fair bit of TLC. A client that runs fine on your local Windows machine may not work so well at an exchange once hundreds or thousands of transactions have passed through its wallet. A couple of misbehaving clients (high CPU and/or HD usage) can impact upon the others and begin a downward spiral of resource starvation which affects the entire server. There is a cost involved because you cannot simply run 200 coin clients on a single server.

[kiklo]

I can sympathise with exchanges wanting to be careful about which coins they add. I run a server with over 50 coins, just for my own private mining and hodling, and even my modest usage requires a fair bit of TLC. A client that runs fine on your local Windows machine may not work so well at an exchange once hundreds or thousands of transactions have passed through its wallet. A couple of misbehaving clients (high CPU and/or HD usage) can impact upon the others and begin a downward spiral of resource starvation which affects the entire server. There is a cost involved because you cannot simply run 200 coin clients on a single server.

Coin Servers are not that expensive, and PoW coins hardly pull anything if you only run a wallet.
PoS coins with a modern CPU , should easily handle 5 different coins per machine, more if you are not staking.
FYI: Cryptsy is Staking PoS coins.
Cryptsy trading volume for 1 day , $152,540 .
Don't tell me that cryptsy or bittrex or any other major exchanges don't have the resources to have more than a few PCs.

Truth of the matter, is the only thing that makes sense is they use it to try and increase liquidity in the other coins we are paired against. We have a LTC & XRP markets on cryptsy , but no BTC or USD,
Reddcoin has a BTC, LTC, XRP, & USD markets, their marketcap & price is currently lower than ours, and some would say well they have more trading volume. Did anyone ever think, they have more trading volume because they have More Markets on the same exchange.  

So when we buy zeit on cryptsy, we are pumping the ltc , because we have to buy it first.
And when we buy it they collect the trading fee of 0.250% twice, once on the BTC to LTC and a 2nd time on the ltc to Zeit.
They make more money by not giving us a BTC market. Plus if they had a direct USD pairing , most of us would not even buy btc, just buy zeit direct and save a trading fee.

 


FYI:
Some exchange don't use the resource excuse.
Cryptopia gave Hyperstake it's very own server , since it was not playing well with CPU usage for them.
1 coin received its very own server, and they don't have cryptsy volume yet, keyword yet.

[jwinterm]

A client that runs fine on your local Windows machine may not work so well at an exchange once hundreds or thousands of transactions have passed through its wallet.

Exchanges can't (shouldn't) just run the general use daemon that is distributed for a coin - i.e. the bitcoind clone. It simply isn't designed for handling a large amount of transactions and addresses. See the answer here:

http://bitcoin.stackexchange.com/questions/30250/maximum-number-of-transactions-in-wallet-dat-for-bitcoin-core

Once you get beyond the scaling of Bitcoin Core the only other realistic option is moving into a completely custom wallet system, though this has significant risk and cost involved.

I don't think that is a factor in them not trading zeit/btc, since they should already have some kind of custom wallet if they're trading it versus ltc, just putting it out there.

[uki]

I can sympathise with exchanges wanting to be careful about which coins they add. I run a server with over 50 coins, just for my own private mining and hodling, and even my modest usage requires a fair bit of TLC. A client that runs fine on your local Windows machine may not work so well at an exchange once hundreds or thousands of transactions have passed through its wallet. A couple of misbehaving clients (high CPU and/or HD usage) can impact upon the others and begin a downward spiral of resource starvation which affects the entire server. There is a cost involved because you cannot simply run 200 coin clients on a single server.

I completely agree that running an exchange incurs costs (servers are cheap these days, however). But that is a business like any other, where you have non-zero costs of running it. You must invest some money to start it and then to keep it afloat, it is a 101. Now, you may have different policies for removing coins that do not perform, to free your resources, but don't say that you want upfront 50BTC or 100BTC of volume, because hardly any coin can guarantee that.  

[BitcoinNational]

http://www.presstab.pw/phpexplorer

willing to contribute ZIET to getting an presstab explorer
crowd funding is the idea - do-able?

[uki]

http://www.presstab.pw/phpexplorer

willing to contribute ZIET to getting an presstab explorer
crowd funding is the idea - do-able?

just spotted that you misspell ZEIT name.

[solarion]

http://www.presstab.pw/phpexplorer

willing to contribute ZIET ZEIT to getting an presstab explorer
crowd funding is the idea - do-able?

<fixed that for ya bruh>

I'd chip in for that. I like his charts and market book displays.

Do we know what it'd take to get it done?

[gregofdoom]

MINT now it hit 75 ... unbelievable.

ZEIT will be next 

[lxxtikk]

MINT now it hit 75 ... unbelievable.

ZEIT will be next 

what is better zeit or mint ?

[uki]

MINT now it hit 75 ... unbelievable.

ZEIT will be next 

not that I am missing such games with ZEIT, but that is only possible if you are in the mainstream pairing, i.e., BTC.