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

[Varvarin]

Just for Reference when we hit $ 1,067,604,802 Marketcap,
ZEIT's price was US$ .03 per ZEIT


 

Litecoin is about to moon, everything is about to moon.

The movements on http://coinmarketcap.com/ are something I have not seen since early 2014.

[lxxtikk]

Just for Reference when we hit $ 1,067,604,802 Marketcap,
ZEIT's price was US$ .03 per ZEIT


 

who did that huge move? 

  ZEIT would be in 2nd Place directly under BTC
it will be great!

[uki]

Just for Reference when we hit $ 1,067,604,802 Marketcap,
ZEIT's price was US$ .03 per ZEIT


 

who did that huge move?  

  ZEIT would be in 2nd Place directly under BTC
it will be great!

because someone decided for fun to throw in 55LTC and clear completely the sell part of the order book on Cryptopia. It looks fun on coinmarketcap to be on the second place for a moment, but the reality is, we have less than $1 volume per 24h on the remaining exchanges. We also had just two days in the whole 2016 when the total 24h volume on all exchanges combined exceeded 1BTC.

[Varvarin]

Just for Reference when we hit $ 1,067,604,802 Marketcap,
ZEIT's price was US$ .03 per ZEIT


 

who did that huge move?  

  ZEIT would be in 2nd Place directly under BTC
it will be great!

because someone decided for fun to throw in 55LTC and clear completely the sell part of the order book on Cryptopia. It looks fun on coinmarketcap to be on the second place for a moment, but the reality is, we have less than $1 volume per 24h on the remaining exchanges. We also had just two days in the whole 2016 when the total 24h volume on all exchanges combined exceeded 1BTC.

I am not selling at this price, and with BTC pumped, not buying BTC either. Also expecting LTC pump, so collected up as much Zeit as I could off Cryptsy before it went down. Then there is that matter of spreads and no Zeit for sale cheap  

Then Craptsy has been dead for 3 months too.

[Tyke]

I am pleased to announce that Zeitcoin is included in the second "Alt-ernative" Crypto Book written by Christopher P. Thompson.  Here is the thread:

https://bitcointalk.org/index.php?topic=985422.msg13644743#msg13644743

A total of six pages will be devoted to Zeitcoin.  Please private message me with any questions or reply to this thread comment.

[kiklo]

I am pleased to announce that Zeitcoin is included in the second "Alt-ernative" Crypto Book written by Christopher P. Thompson.  Here is the thread:

https://bitcointalk.org/index.php?topic=985422.msg13644743#msg13644743

A total of six pages will be devoted to Zeitcoin.  Please private message me with any questions or reply to this thread comment.

WOW !!!

Thanks,

 

[kiklo]

because someone decided for fun to throw in 55LTC and clear completely the sell part of the order book on Cryptopia. It looks fun on coinmarketcap to be on the second place for a moment, but the reality is, we have less than $1 volume per 24h on the remaining exchanges. We also had just two days in the whole 2016 when the total 24h volume on all exchanges combined exceeded 1BTC.

Trading Volume is important , but it is not the entire equation.
IMO, Growth is the main factor, which we are really the only coin showing true growth.
And on rare moments like recently , we see how strong ZEIT is becoming , at less than 3 years old , ZEIT touched the 1 Trillion Mark,
yes it was only for an hour or two, but ZEIT accomplished it. Very Few coins can claim that.  

Just like in the past , where ZEIT only briefly touched $100,000 Marketcap, now that is our low point, in time that 1 Trillion Mark will be our low mark.  

 

[uki]

because someone decided for fun to throw in 55LTC and clear completely the sell part of the order book on Cryptopia. It looks fun on coinmarketcap to be on the second place for a moment, but the reality is, we have less than $1 volume per 24h on the remaining exchanges. We also had just two days in the whole 2016 when the total 24h volume on all exchanges combined exceeded 1BTC.

Trading Volume is important , but it is not the entire equation.
IMO, Growth is the main factor, which we are really the only coin showing true growth.
And on rare moments like recently , we see how strong ZEIT is becoming , at less than 3 years old , ZEIT touched the 1 Trillion Mark,
yes it was only for an hour or two, but ZEIT accomplished it. Very Few coins can claim that.  

Just like in the past , where ZEIT only briefly touched $100,000 Marketcap, now that is our low point, in time that 1 Trillion Mark will be our low mark.  

 

one should be allowed to dream to achieve big things.
I, somehow, prefer to see things more realistically, and seeing things as they are (see my post above) we have not moved much from where we were last year:
http://coinmarketcap.com/currencies/zeitcoin/
the price of 1sat from 1yr ago is the same as today, and the growth in the market cap is purely because of the inflation (we had 20% for most of the year).
That is not a big accomplishment if you ask me.

[kiklo]

one should be allowed to dream to achieve big things.
I, somehow, prefer to see things more realistically, and seeing things as they are (see my post above) we have not moved much from where we were last year:
http://coinmarketcap.com/currencies/zeitcoin/
the price of 1sat from 1yr ago is the same as today, and the growth in the market cap is purely because of the inflation (we had 20% for most of the year).
That is not a big accomplishment if you ask me.

UKI,

Your Generation's level of Patience is measured in minutes & days.
So a year or 3 feels like forever to you.

Trust me , when you hit your 80s , you realize it all went by a lot faster than you dreamed.
And the only things of Real Value took Many Years to Cultivate.

like the child that first has to crawl , then walk, before they can RUN like the Wind,
it is no Different for ZEIT ,
The ZEIT Knights support our Child Coin ZEIT , until he can run and make this world a better place.
This challenge is not a simple task , it will test your Resolve, and you must have the Will & Faith to see it thru to the completion.

Thinking back to my children, the 1st time they stood up on their own, (no they could not even make it across the room without falling down),  
But that moment showed growth and will always stick in my memory as a turning point, because it was not long before they were running all over the place.


Old Saying ,
Why do we fall?
So we can learn how to pick ourselves up.  

 

[FWBlack]

Very well said Kiklo, very well said!
Fred

one should be allowed to dream to achieve big things.
I, somehow, prefer to see things more realistically, and seeing things as they are (see my post above) we have not moved much from where we were last year:
http://coinmarketcap.com/currencies/zeitcoin/
the price of 1sat from 1yr ago is the same as today, and the growth in the market cap is purely because of the inflation (we had 20% for most of the year).
That is not a big accomplishment if you ask me.

UKI,

Your Generation's level of Patience is measured in minutes & days.
So a year or 3 feels like forever to you.

Trust me , when you hit your 80s , you realize it all went by a lot faster than you dreamed.
And the only things of Real Value took Many Years to Cultivate.

like the child that first has to crawl , then walk, before they can RUN like the Wind,
it is no Different for ZEIT ,
The ZEIT Knights support our Child Coin ZEIT , until he can run and make this world a better place.
This challenge is not a simple task , it will test your Resolve, and you must have the Will & Faith to see it thru to the completion.

Thinking back to my children, the 1st time they stood up on their own, (no they could not even make it across the room without falling down),  
But that moment showed growth and will always stick in my memory as a turning point, because it was not long before they were running all over the place.


Old Saying ,
Why do we fall?
So we can learn how to pick ourselves up.  

 

[uki]

one should be allowed to dream to achieve big things.
I, somehow, prefer to see things more realistically, and seeing things as they are (see my post above) we have not moved much from where we were last year:
http://coinmarketcap.com/currencies/zeitcoin/
the price of 1sat from 1yr ago is the same as today, and the growth in the market cap is purely because of the inflation (we had 20% for most of the year).
That is not a big accomplishment if you ask me.

UKI,

Your Generation's level of Patience is measured in minutes & days.
So a year or 3 feels like forever to you.

Trust me , when you hit your 80s , you realize it all went by a lot faster than you dreamed.
And the only things of Real Value took Many Years to Cultivate.

like the child that first has to crawl , then walk, before they can RUN like the Wind,
it is no Different for ZEIT ,
The ZEIT Knights support our Child Coin ZEIT , until he can run and make this world a better place.
This challenge is not a simple task , it will test your Resolve, and you must have the Will & Faith to see it thru to the completion.

Thinking back to my children, the 1st time they stood up on their own, (no they could not even make it across the room without falling down),  
But that moment showed growth and will always stick in my memory as a turning point, because it was not long before they were running all over the place.


Old Saying ,
Why do we fall?
So we can learn how to pick ourselves up.  

 

Kiklo, I am not from the generation that believes in perpetuum mobile, in the first place.
I believe that if we, as Knights, are responsible for the well-being of this project, we should constantly question ourselves whether we are doing a good job and verify it with some reasonable metrics. That is, in fairness, the sense of the question I asked. I gave an example of a fair metric to check our performance in the last year time frame, which taking into account the lifetime of Bitcoin so far, is a reasonable and relatively long-term one. And, to my understanding, we shouldn't clap ourselves in the backs, saying how fantastic year it was. It was not. And the valid question is, what shall we do to make the next year better?

[kiklo]

Kiklo, I am not from the generation that believes in perpetuum mobile, in the first place.
I believe that if we, as Knights, are responsible for the well-being of this project, we should constantly question ourselves whether we are doing a good job and verify it with some reasonable metrics. That is, in fairness, the sense of the question I asked. I gave an example of a fair metric to check our performance in the last year time frame, which taking into account the lifetime of Bitcoin so far, is a reasonable and relatively long-term one. And, to my understanding, we shouldn't clap ourselves in the backs, saying how fantastic year it was. It was not. And the valid question is, what shall we do to make the next year better?

IMO , hitting 1 trillion mark even for an hour or two,
Was Spectacular and put many in a good mood, this is a long road we're on.
Constant worry about the next step because ZEIT is not = to a $1 yet , is not a healthy mindset, and will work against us.
We'll get there in time.  

We've got to enjoy ourselves a little bit so we don't fall into a depressed spiral like the other coin communities.

ZEIT Facts
Technically Our Coin is Stable with better performance than most other coins.
We've had No Downtime of our network, in fact no major incidents come to mind, other coins have been offline Multiple times.
(The Truest Testament to Ray's Amazing Talents)
Our Block Explorers are stable, We have 3 excellent exchanges that have been very stable.
Payment options for vendors.
Fudders or hostile takeovers don't happen here like in other forums, because they know the Knights would stand against them.
Technically we have become a very strong coin network.


ZEIT Future
I have a very secretive nature, so maybe I have not shared enough of what I am thinking and that lack of openness is causing your concerns.
We need to decrease the amount of coins on the exchanges so our price will rise and more people will become interested in joining, some for Knighthood and some for just profit motives.
In December , I began designing an investment system that will over time remove coins from the exchanges, decrease the available supply to increase the price of the remaining coins. One Reason is the Global Exchange Rates, in the US & Europe , our Fiat currency is much greater than some others, this can be an advantage, in the following way, Either thru the investment system or thru an effort by the Knights once our numbers reach 100 or so, we can make sure that there will always be a buy order of 1 satochi on each of our markets, So that Anyone that wants to sell their ZEIT will always be able too.
Where a US or Europe user selling their ZEIT interest for a US $1 profit only see a buck , a citizen of india would receive  67.579000 Rupee ,
Japanese Yen 118.74 , or Indonesian Rupiah 13873 of profit , which would definitely help them .
Now considering economics as more of these users from these low exchange countries grow , it decreases the available supply even more, which will raise the price even for our US & Europe users until we hit that magic $1 mark, then reverse our efforts and do our level best to keep the price from going even higher.
AS ZEIT becomes a Truly Global coin as it was meant to be and all of the Knights sell 10% of their earn staking from their 100 million to keep the price of ZEIT from going over a $1 and using it for Charitable works.  


US Dollar                             1.00 USD    
Indian Rupee                      67.579000    
Malaysian Ringgit                   4.271504    
Japanese Yen                    118.740000
Chinese Yuan Renminbi       6.579400    
Argentine Peso                      13.700000    
Botswana Pula                      11.621552
Brazilian Real                        4.093000    
Bruneian Dollar                        1.429585
Bulgarian Lev                        1.811150    
Canadian Dollar                        1.412375    
Chilean Peso                    715.200012    
Chinese Yuan Renminbi      6.579400
Colombian Peso               3309.000000
Croatian Kuna                       7.103449    
Czech Koruna                     25.010300    
Danish Krone                        6.906590
Emirati Dirham                       3.672550    
Hong Kong Dollar              7.796700    
Hungarian Forint           288.285000    
Icelandic Krona             130.999790    
Indonesian Rupiah     13873.000000    
Iranian Rial                 30184.123151    
Israeli Shekel                       3.982180    
Kazakhstani Tenge            360.598160    
Libyan Dinar                       1.386500
Lithuanian Litas                       3.197638
Malaysian Ringgit               4.271504    
Mauritian Rupee             36.099376    
Mexican Peso                     18.449650    
Nepalese Rupee           104.125000    
New Zealand Dollar            1.540595    
Norwegian Krone            8.742500
Pakistani Rupee         104.924968
Philippine Peso          47.734087
Polish Zloty                 4.135200    
Qatari Riyal                 3.641349    
Romanian New Leu         4.197848    
Russian Ruble             78.147895    
Saudi Arabian Riyal       3.751750    
Singapore Dollar                1.429585    
South African Rand        16.470020    
South Korean Won      1197.700000    
Sri Lankan Rupee      144.442085    
Swedish Krona                 8.597000
Taiwan New Dollar       33.560000    
Thai Baht                   36.020966    
Trinidadian Dollar       6.434903    
Turkish Lira               3.003749    
Venezuelan Bolivar       6.349606    


FYI:
For some of these countries , we will need an android based electrum wallet with servers,
did find a service that was offering that for $600 per year, once we have 100 Knights, that is only $6 a year per knight to expand ZEIT coverage thru out the world where it will become the Global Medium for exchanging service & products & resources.

 

[kiklo]

East Coast thoughts of the Day
 





https://www.youtube.com/watch?v=qJUFTm6cJXM

 

[LionOfNarnia]

AMAZING project Kiklo

Really hope it works out.

Just wanted to throw in a reminder for the Knights that 'Tithing Time' is nearly upon us again. I'll leave it to Mighty Ray to confirm the donation addy & timescale but all knights should get ready to send 10% of their 'minting profits' for the year to support the projects we already have going.

For me, that's ~ 3.6 million Zeit.

To the 'East Coast Snowmen' out there -

Ya know even the Canadians are laffin' at you right now?

[stevegreer]

I can understand where uki is coming from. Now, I'm no math or economics whiz by any means, so I don't know what this "hitting 1 trillion for an hour or two" is all about. But I don't think the frustration lies in the fact that we haven't hit the $1 mark yet. Let's be realistic, we have a max of, what is it? 99 billion coins? The $1 mark will be a very long time coming. I think the frustration lies in the fact that we are approaching 2 years of age and have barely spent any time above the 1 satoshi mark.

We have a lot of great qualities like a well developed and maintained wallet, fast transactions, a small but strong community, and are consistently on ths top 100 on coinmarketcap. What we are lacking in is investors. The knights are long term investors and we concern ourselves with the health of the network. But, like it or not, we will need a balance of long and short term investors, just like all of the other high performing coins. It is hard to attract investors if they see no potential for making a profit. Hate to say it, but it's the truth.

Someone mentioned recently that we need to be more active on our Zeit forum and on the reddit forum. I agree with that. I will start using the forum more often. I don't know much about reddit because I've never used it.

One other thing to mention is yes, we are listed on three exchanges, and they all three seem to be good exchanges. But the thing I've noticed is that the majority of our 24 hour volume has been on Cryptopia. SouthXchange has seen no real volume at all. How long will it take before they see no profit with Zeit and delist us? We need to spread our coins between the three. The last thing we need is another Cryptsy incident and have people losing millions of coins.

My 2 cents. Take it for what it's worth.

[Tyke]

Please could the founder contact me via private message.  Zeitcoin has been included in the book I have begun.  I have heard that inspiration came from the Zeit Movement?  The thread I created last year is:

https://bitcointalk.org/index.php?topic=985422.0

I look forward to hearing from you. 

[kiklo]

Please could the founder contact me via private message.  Zeitcoin has been included in the book I have begun.  I have heard that inspiration came from the Zeit Movement?  The thread I created last year is:

https://bitcointalk.org/index.php?topic=985422.0

I look forward to hearing from you. 

To the best of my knowledge
The original dev was only around for a few months in 2014 and attempted to get the zeitgeist movement to support zeitcoin by attending one of their meetings and contacting their management.  Zeitgeist movement management basically rebuked him and wanted nothing to do with any virtual coin at that time.
Upon that , the original dev left not long after , Rent_a_Ray stepped up and became the dev and has been ever since.
Like most original devs that left, his real id was unknown to the community.

So basically there never have been any real connections between the Zeitgeist movement and the Real ZEIT movement, which is basically the current ZEIT Kights & community. The ZEIT Knights have no interest in partnering with the management of the zeitgeist movement.
Each year for 1 month New ZEIT Knights can join , next post contains that info.
List of Current Knights that Joined in 2015
1   LionOfNarnia
2   Rent_A_Ray
3   Kiklo
4   Steve
5   Vavarin
6   Newra
7   Podizzle
8   GregofDoom
9   Ebolansk
10   CapSER2.0
11   Solarion
12   CoinQuest
13   Atronite
14   Uki

 

[kiklo]

Zeit Recap

Become a legendary zeight (zeit knight) and help us to help others.

Think of it like King Arthur and his Round Table, every one at the Table is Equal.
A Group of Men & Women banding together to make the Way of Zeit a worldwide reality.
_______________________________________________________________________________ _
The ZeitKnight's End Game,
To make this World a Better Place for All who reside in it.
By making zeitcoin into a tool that can help someone next door or someone across the world.
______________________________________________________________________________
Technically Zeitcoin is a Virtual Resource that is made by personal computers,
To make a Zeitcoin , you need CPU Labor, Electricity, Internet connection, & Time,
We combine those resources to make a Zeitcoin.
______________________________________________________________________________
ZeitKnights Current Goal List
https://bitcointalk.org/index.php?topic=487814.msg9883182#msg9883182

Charities to Sponsor once the price of zeitcoin is higher
https://bitcointalk.org/index.php?topic=487814.msg9874339#msg9874339

Zeit Slogans
https://bitcointalk.org/index.php?topic=487814.msg9874356#msg9874356
_______________________________________________________________________________ ___

Any Questions or Suggestions , Post Away , All Ideas Welcome.

 

Requirements:
All Members must have 100 million Zeitcoins as a requirement of being part of the Zeit-Knights.
_______________________________________________________________________________ ____

The ZeitKnights began accepting members in Feb 2015.
Each ZeitKnight will hold 100 million zeitcoins to use 10% of their interest for charity in the future.
Currently 14 ZeitKnights.

Next Registration for Anyone wanting to be a ZeitKnight is March 2016.

Our Maximum Number of ZeitKnights will be somewhere between 100 & 300 , that group will make history as supporters of this coin.

Next official ZeitKnight registration in March 2016.

New members have to pass the test of Proof of ZeitKnight. Link Below.
https://bitcointalk.org/index.php?topic=487814.msg10461974;topicseen#msg10461974

After they Pass the test , this happens.
https://bitcointalk.org/index.php?topic=487814.msg10324746#msg10324746

[kiklo]

AMAZING project Kiklo

Really hope it works out.

Just wanted to throw in a reminder for the Knights that 'Tithing Time' is nearly upon us again. I'll leave it to Mighty Ray to confirm the donation addy & timescale but all knights should get ready to send 10% of their 'minting profits' for the year to support the projects we already have going.

For me, that's ~ 3.6 million Zeit.

To the 'East Coast Snowmen' out there -

Ya know even the Canadians are laffin' at you right now?

   Right,

A guy from Minnesota was visiting 1 time, the temp was ~30 degress and all of the east coast people below the mason dixon line were freezing and bundled up where we could barley move, the Minnesota Guy was only wearing Shorts and a T-Shirt .  


 

[kiklo]

I can understand where uki is coming from. Now, I'm no math or economics whiz by any means, so I don't know what this "hitting 1 trillion for an hour or two" is all about. But I don't think the frustration lies in the fact that we haven't hit the $1 mark yet. Let's be realistic, we have a max of, what is it? 99 billion coins? The $1 mark will be a very long time coming. I think the frustration lies in the fact that we are approaching 2 years of age and have barely spent any time above the 1 satoshi mark.

We have a lot of great qualities like a well developed and maintained wallet, fast transactions, a small but strong community, and are consistently on ths top 100 on coinmarketcap. What we are lacking in is investors. The knights are long term investors and we concern ourselves with the health of the network. But, like it or not, we will need a balance of long and short term investors, just like all of the other high performing coins. It is hard to attract investors if they see no potential for making a profit. Hate to say it, but it's the truth.

Someone mentioned recently that we need to be more active on our Zeit forum and on the reddit forum. I agree with that. I will start using the forum more often. I don't know much about reddit because I've never used it.

One other thing to mention is yes, we are listed on three exchanges, and they all three seem to be good exchanges. But the thing I've noticed is that the majority of our 24 hour volume has been on Cryptopia. SouthXchange has seen no real volume at all. How long will it take before they see no profit with Zeit and delist us? We need to spread our coins between the three. The last thing we need is another Cryptsy incident and have people losing millions of coins.

My 2 cents. Take it for what it's worth.

It is hard to attract investors if they see no potential for making a profit.

Considering the ZEIT interest is free from staking and can be sold without deducing from the principle amount,
if people can't see the profit in that , I really don't know what to say.

SouthXchange has had a few time where their entire ZEIT/ LTC sell walls were wiped out,
the Cryptsy incident had really nothing to do with us, but there greedy attempts to act like a fractional reserve.
And to be honest , looking at all of the coin prices now, it feels like they were manipulating the markets for their own profit.
Some markets were manipulated higher, and personally believe they were manipulating the ZEIT Market Lower to game the system to get more LTC at our expense. I mean you got 60 million Zeitcoins in sell walls and you can't pay out 5000 zeitcoins in withdrawals, cryptsy was doing us dirty, maybe just to keep our price lower so they could buy cheap zeitcoins on the other exchanges for their withdrawals.

Main Rule on Exchanges
Never Leave more on an exchange than what you are willing to lose.

As far as the current exchanges,
Cryptopia caters more to the English speaking populace
Yobit caters more to the Russian & Chinese speaking populace
SouthXchange caters more to the Spanish speaking populace

As interest in Russian & Chinese & Spanish culture grow for virtual currencies, you will see their volume grow as well.

 

FYI:
Our Current exchanges are not delisting maniacs like Bittrex & CCEX.
Also both ZEIT Markets were in SouthXchange Top 10 list, no real worries there.