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

[LionOfNarnia]

Stand by for some fireworks, loyal Zeitistas

Litecoin reward halving will be on 25 August 2015.

I suspect it will have at least something of a knock-on effect on us - positive, I reckon

https://bitcointalk.org/index.php?topic=1143301

Get 'em while they're cheap

[2tejszy]

Hi. Someone has information when the mobile wallet?
I would like to accept ZEIT in my shop 

[kiklo]

your  introduction was nice...Thanx

Glad to have you Onboard the Zeit Train. 

 

[kiklo]

Hi. Someone has information when the mobile wallet?
I would like to accept ZEIT in my shop  

Plans are for sometime around mid 2016 for mobile wallet on droids.

Current Options for Merchants
Sign up with www.coinpayments.net,
They have tools to help accept zeitcoins directly thru a web site.
or
just have a Internet ready PC at the office with a synced Zeit wallet installed for direct zeit acceptance.

Current available options for people entering a store, would be setting up a VPS or using a home desktop with a zeit wallet , and remoting into it with something like Logmein, which allows you to remote control your PC from a Android device if you want to accept or send zeit direct.
or
Carrying around a low cost laptop, as long as the business offers free wifi.


FYI: Gift Card Option
Here is a thought, using coinpayments.net , setup a option to buy a digital gift card from your business website. And use https://www.gyft.com/business/  to have your own business gift cards, which work with android. That way someone can purchase a gift card at home with zeit, either print out the gift card on paper or show their android to use the gift card at your business.

 

[brian_nguyen]

Hi. Someone has information when the mobile wallet?
I would like to accept ZEIT in my shop  

Plans are for sometime around mid 2016 for mobile wallet on droids.

Current Options for Merchants
Sign up with www.coinpayments.net,
They have tools to help accept zeitcoins directly thru a web site.
or
just have a Internet ready PC at the office with a synced Zeit wallet installed for direct zeit acceptance.

Current available options for people entering a store, would be setting up a VPS or using a home desktop with a zeit wallet , and remoting into it with something like Logmein, which allows you to remote control your PC from a Android device if you want to accept or send zeit direct.
or
Carrying around a low cost laptop, as long as the business offers free wifi.


FYI: Gift Card Option
Here is a thought, using coinpayments.net , setup a option to buy a digital gift card from your business website. And use https://www.gyft.com/business/  to have your own business gift cards, which work with android. That way someone can purchase a gift card at home with zeit, either print out the gift card on paper or show their android to use the gift card at your business.

 

Looks like coinpayments.net removed Zeitcoin from their site. 

[kiklo]

Looks like coinpayments.net removed Zeitcoin from their site.  

No Worries, they remove coins from the list while performing maintenance, most likely reason.
They have been updating to 2.0.1.7 , must not be synced yet.
Will check with them , if it is not back up in ~ week.

Here is Coinpayments info
Most of the causes of this might be a simple sync error, lack of peers or attack on a coins' network. If a coin is unstable we may temporary disable it for maintenance. Your coins are safe, and the coin will return when coin syncs again with the network. Keep checking the supported coins page, as it shows all the active coins. We will post any official updates on our Facebook, Twitter, or Blog.

 

[john_doe]

You guys should remove Comkort from zeit-coin.net because it's a dead link

[CoinEraser]

In the next Wallet update, can you please add "-datadir"?
Its not working for me with current Qt.

[LionOfNarnia]

For all those interested in the story of 'money'.

I've already completed it, it's deffo worthwhile - and FREE

The Money and Society MOOC, the month-long free online course from IFLAS, kicks off again on August 23rd. If you did the MOOC in February and liked it, please tell your friends and colleagues. If you didn't start it, why not join us this time? If you started but didn't finish, you can re-join, as your contributions from February will be moved to the new platform (so nothing is lost!). If you are considering it, factor in that it requires about 4 hours work each week for 4 weeks. The full schedule and a trailer is available at www.ho.io/mooc

The next offering of the MOOC will be in February 2016.

Information on how to log in will be sent the week before August 23rd.

Looking forward to taking the Money and Society MOOC @IFLASinfo from August 24 www.ho.io/mooc 

Thanks,

Jem, Matthew and Leander

(Your MOOC team from www.iflas.info)

[Rent_a_Ray]

In the next Wallet update, can you please add "-datadir"?
Its not working for me with current Qt.

-datadir is working fine since the very first version of zeitcoin.

Cheers

[CoinEraser]

In the next Wallet update, can you please add "-datadir"?
Its not working for me with current Qt.

-datadir is working fine since the very first version of zeitcoin.

Cheers

I tried it today again and it really works. Ups...
This was a mistake from my Side.
But thanks anyway! 

[BitcoinNational]

Yeah but how effectively would Zeit be with a spam attack that bitcoin is enduring, not sure if Zeit will manage, eventhough I'm a big holder and staker

Very Effective, IMO . 
Problem is BTC is sooo Slow, that why they need larger blocks sizes to hold the extra transactions.
Zeit Speed is it's Strength, say like BTC we average a max of 2400 transactions per block.

That 50000 spam backlog at btc
BTC has a 10 minute block time.
Zeit has a 30 second block time.
50000spam/2400transactions per block=20.83 blocks
BTC => 20.83 blocks*10 min  = 208.3 minutes or  3.47 hours
Zeit => 20.83 blocks *30 sec = 624.9 seconds or 10.416 Minutes

So you can see Zeit can accomplish in ~10 minutes what it currently takes BTC almost 3½ hours.
Not worried in the least about a spam attack, Zeit Speed can more than handle it.
Zeit is the Future, as time will prove.

 

this is not to be understated.

yesterday BTC took 1 hr to mint 1 block.
now factor the limit on transactions per block.



bonus points ZEIT is investor friendly not miner friendly.

future is bright, and the BTC cliche will not broadcast the revolution towards stakes as stores of value.

[kiklo]

Looks like coinpayments.net removed Zeitcoin from their site.  

Status Update,  
CoinPayments just finished syncing and ZEIT is again in the Supported Coins List.
https://www.coinpayments.net/supported-coins

 

[lxxtikk]

hey  Zeit Knights what do you mean with ''investing in innovative techniques'' for example?
Or it will be in 2-3 years

[LionOfNarnia]

hey  Zeit Knights what do you mean with ''investing in innovative techniques'' for example?
Or it will be in 2-3 years

Personally, I've just completed a training course focussed on methods of securing efficient home energy supplies - looking at areas such as off-grid power generation & storage, domestic voltage optimisation, 'smart' metering, hydrogen fuel cells & non-hydrocarbon powered transportation.

This is a sector which is rapidly expanding & evolving as the recognition of the problems the whole planet now faces grows.

At this stage, there are many strategies being developed which SOUND good, but would actually have a far greater impact on the bottom lines of the (established) corporations concerned than on the lives of the people they purport to help. It is VITAL to have independent oversight & analysis of the sector in order to ensure that the people & the planet are the beneficiaries, not the shareholders.

I see it as central to the role of the ZeitKnights to be part of the oversight process, and to ensure that 'the best' ideas are supported.

- For example, right now, flat-panel solar PV units are being 'pushed' globally, but the new technology of rotating PVs appears to be up to 20 times more efficient.

In summary, the FIRST investment, already underway, is investment in the self-knowledge necessary to recognise & disseminate the optimum methodologies to ensure that the human race survives & thrives.

[brian_nguyen]

Looks like coinpayments.net removed Zeitcoin from their site.  

Status Update,  
CoinPayments just finished syncing and ZEIT is again in the Supported Coins List.
https://www.coinpayments.net/supported-coins

 

Good to know. I thought they removed Zeit without telling anyone 

[LionOfNarnia]

(Ray, Kiklo)

Just heard this on Slack...

Guldencoin switched from LTC codebase to BTC codebase with full 0.11 commits – just heard this now
so probably first alt to commit to latest BTC codebase?

How do we stand WRT this, and does it matter?

[Rent_a_Ray]

(Ray, Kiklo)

Just heard this on Slack...

Guldencoin switched from LTC codebase to BTC codebase with full 0.11 commits – just heard this now
so probably first alt to commit to latest BTC codebase?

How do we stand WRT this, and does it matter?

That's really cool. Our codebase was a ppcoin fork (mint) and now we have our own codebase.
Switching to BTC codebase with all the changes in ppcoin, mintcoin and zeitcoin would be too much work for one developer.

Cheers

[kiklo]

(Ray, Kiklo)

Just heard this on Slack...

Guldencoin switched from LTC codebase to BTC codebase with full 0.11 commits – just heard this now
so probably first alt to commit to latest BTC codebase?

How do we stand WRT this, and does it matter?

That's really cool. Our codebase was a ppcoin fork (mint) and now we have our own codebase.
Switching to BTC codebase with all the changes in ppcoin, mintcoin and zeitcoin would be too much work for one developer.

Cheers

Quick scan of them, is that they are using multiple algorithms for PoW mining.
The three algorithms that will be used are Sha 256, Scrypt and X11.
No matter how many different PoW algorithms they pick, PoW is still flawed and will fail in the long run due to increased input costs to produce the coin, or if it does survive controlled only by a corporate or government monopoly. Just a personal opinion, but I will bet that as time passed, it will be proved , that multi algorithms adds increased vulnerability not increased security as they like to claim.
Zeit would still be running a PoW along side PoS, but it was proven that opened up a security concern,
and PoW was dropped as we no longer needed it.

Since BTC & Gulden are PoW, it makes sense for them , following the leader.
Since we are Proof of Stake,  switching to BTC (PoW code base) could cause issues that are incompatible with Zeit's Design. Their way of downloading blocks by only downloading headers, is only possible because the Asics are doing all of the work, and if we followed that it would create a wallet that can't stake.  

All of the PoS only coins will have a different path , more apparent as time goes on.
Our Path will be more profitable & more sustainable.  

 

FYI:
Wow, just checked out their block explorer, their block creation is erratic at best.
They found like 8 blocks in 3 minutes and they did not find another block for 30 minutes.
That is not good , they need to fix that.
  http://inzicht.deguldenmijn.eu/blocks

2nd FYI:
Gulden uses DELTA.
The DELTA readjustment algorithm maximizes the amount of hash power miners have to generate blocks. In doing this, the readjustment algorithm addresses the mining difficulty caused by profit-switching pools.
After what I just saw in their block explorer, it don't work.
ZEIT is stable & faster, maybe they should copy our codebase next.  

[BitcoinNational]

Is it possible to delete blocks on the local copy?
Backtrack so to speak. And anyone got a how 2 guide link handy?