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Question: ZEITCOIN
https://zeit-coin.net
https://zeit-knights.slack.com
https://t.me/zeit_coin

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Author Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS]  (Read 1009197 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (3 posts by 1+ user deleted.)
Coldbloodlegend
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March 02, 2018, 07:57:23 PM
Last edit: March 02, 2018, 08:20:17 PM by Coldbloodlegend
 #16741

I like this coin and HODL a small bag. And yet i think it's not going anywhere. A website is useless.

What would revive the coin is a higher interest rate and only this.

5% would be good, it's not inflationnary because there are lost coins every year, and still it rewards people for holding the coin long term.

This coin has the lowest of the lowest interest rate of all the PoS coins on earth.
Just check out poslist.org, ZEIT is no longer competitive.
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March 03, 2018, 01:35:06 AM
Last edit: March 03, 2018, 02:30:33 AM by Zin-Zang
 #16742

I like this coin and HODL a small bag. And yet i think it's not going anywhere. A website is useless.

What would revive the coin is a higher interest rate and only this.

5% would be good, it's not inflationnary because there are lost coins every year, and still it rewards people for holding the coin long term.

This coin has the lowest of the lowest interest rate of all the PoS coins on earth.
Just check out poslist.org, ZEIT is no longer competitive.


5% is too high, reason being the quantity of coins required to be a Global Coin.

36,971,185,859 * 5% = 1848559292.95 new coins per year

1848559292.95 /365 days = 5064546 new coins per day

Meaning to maintain 1 penny US requires $50645.46 of new investment every day
Meaning to maintain 1 dollar US requires $5064546 of new investment every day

With the ULI activated at .0005% interest rate
36,971,185,859 * .0005% =  184856 new coins per year

184856 /365 days = 506  new coins per day

Meaning to maintain 1 penny US requires $5.06 of new investment every day
Meaning to maintain 1 dollar US requires $506 of new investment every day

ZEITCOIN's Target Price is between 1 US Penny and 1 US Dollar, anyone that can not see that this will happen over time is not using math.

The ULI makes the price per coin grow over time , verses high inflation which only increases the supply of coins while forever decreasing the price per coin.

The Community voted that they preferred an increasing price per coin.   Cool

FYI:
So why are those sell orders at 2 sat holding the price down.
That is because their are one or more whales are using those sell walls to accumulate zeitcoins at a ridiculously low price ,
before they relent and watch the price skyrocket along with their investment.
Whales current strategy : Position Building & Suppressing prices  
Smartest play by all investors is to accumulate as many zeitcoins as possible while the whales are still suppressing the price.
 

I was Red Tagged because Lauda Blows Theymos to get back on DT
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Coldbloodlegend
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March 03, 2018, 12:50:37 PM
 #16743



FYI:
So why are those sell orders at 2 sat holding the price down.
That is because their are one or more whales are using those sell walls to accumulate zeitcoins at a ridiculously low price ,
before they relent and watch the price skyrocket along with their investment.
Whales current strategy : Position Building & Suppressing prices  
Smartest play by all investors is to accumulate as many zeitcoins as possible while the whales are still suppressing the price.
 

Thank you for your educated answer.

While i can't totally disagree on the first part, your conclusion seems far fetched.

I don't think there is such a thing as a Whale conspiracy. It's juste the game of supply and demand, people go where it is profitable.
Supply is high because the whales don't believe in the coin anymore and what appears as a huge sell wall is just people trying to unload as they can.
Demand is very low.

That's the exact opposite of what a good investor would seek : low supply, high demand, and good entry price.

Here you may still have a good entry price, only if you change a parameter.

If not the interest rate, what could be done ?
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March 03, 2018, 01:26:10 PM
Last edit: March 03, 2018, 01:46:17 PM by Zin-Zang
 #16744



FYI:
So why are those sell orders at 2 sat holding the price down.
That is because their are one or more whales are using those sell walls to accumulate zeitcoins at a ridiculously low price ,
before they relent and watch the price skyrocket along with their investment.
Whales current strategy : Position Building & Suppressing prices  
Smartest play by all investors is to accumulate as many zeitcoins as possible while the whales are still suppressing the price.
 

Thank you for your educated answer.

While i can't totally disagree on the first part, your conclusion seems far fetched.

I don't think there is such a thing as a Whale conspiracy. It's juste the game of supply and demand, people go where it is profitable.
Supply is high because the whales don't believe in the coin anymore and what appears as a huge sell wall is just people trying to unload as they can.
Demand is very low.

That's the exact opposite of what a good investor would seek : low supply, high demand, and good entry price.

Here you may still have a good entry price, only if you change a parameter.

If not the interest rate, what could be done ?

Whales Manipulate a market by locking the price below a threshold and micro buy over time , and later once they have accumulated their desired amount, remove their walls and the price shoots up, this is happening to all of the crypto coins in existence today.  Enough of the global populace is not yet using enough of any coin to overpower the influence the whales are currently exerting on the markets.

Part of the reason for the ZEIT KNIGHTS is to stabilize the supply and prevent the whales from centralizing the coin as they are in most coins.

Proof of Stake is more secure with larger numbers of coins, verses small quantity.

ZEIT still has to have 1 more hard fork ,
the next hard fork will fix it so transactions fee are added to the stakers interest when they stake.
Plus it will need to change the current transaction fee from .1 to .001
Once those changes occur and the usage of zeitcoin grows globally,
people that stake will earn the ULI plus the transaction fees.
When the transaction are at :
¼ Capacity =   3024 zeitcoins will be paid out as fees per day
½ Capacity =   6048 zeitcoins will be paid out as fees per day
3/4 Capacity = 9072 zeitcoins will be paid out as fees per day
Full Capacity = 12096 zeitcoins will be paid out as fees per day

The Advantage to this design is that the fees do not increase the supply , so they won't cause a corresponding drop in price per coin like increased interest does.
Supply will be basically a constant, and as usage grows so too will the value and the transaction fees will pay the stakers more than the ULI interest earned.

As we are no where near even ¼ capacity, we have plenty of time before the hard fork is required, will probably be in 2019.

FYI:
Once Zeitcoin Full Capacity get near , we will increase the block size or speed up the blockspeed, so that users can earn more coins per day from transactions.
That is many years off.

FYI2:
To understand the mindset of the whales and their strategy,
read  https://steemit.com/bitcoin/@joseph/wolong-the-game-of-deception-unedited-version  

All one has to do , is realize the Zeitcoin is going to be a true decentralized world payment system and in time
Stakers will make a living off of staking alone , never needing to sell anything but the transaction fees they earned by processing transactions.

The Whales are playing their games now, but when mass adoption really occurs, those whales will be blown away as if they were the smallest guppies.  Wink

I was Red Tagged because Lauda Blows Theymos to get back on DT
The rest are just lauda's personal butt monkeys=> Hhampuz , Vod, TMAN , achow101
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March 03, 2018, 02:22:01 PM
 #16745

Higher volume would signal accumulation phase. I don't think we see that in ZEIT, at least for now.

Though, interesting view. ZEIT horizon is very very far. I will HODL my small bag, but won't buy more.
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March 03, 2018, 10:24:47 PM
 #16746

Higher volume would signal accumulation phase. I don't think we see that in ZEIT, at least for now.

Though, interesting view. ZEIT horizon is very very far. I will HODL my small bag, but won't buy more.

Well , you are entitled to your opinion.

Mine is the accumulation phase is happening right now thru micro buys.

No matter Buy, Sell, or Hold, zeitcoin's destiny is a certainly.  Smiley

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March 04, 2018, 09:20:43 AM
 #16747

We hear a lot about stablecoins these days, do you think ZEIT could fall into this category ?
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March 04, 2018, 09:31:24 AM
 #16748

We hear a lot about stablecoins these days, do you think ZEIT could fall into this category ?

Without a doubt.  Smiley

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March 05, 2018, 10:30:26 AM
 #16749

Hello everybody. I hope ZeitCoin will take a normal position. And there will be a trade volume of at least 10 million a day. Now it's sad. Good luck to all.

Your posts are sad, aside from being useless , do you do anything for this coin?

or are you only posting to advertise that Obizcoin ICO Scam.

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March 05, 2018, 11:23:55 AM
 #16750

Hello,

I'm trying to synchronize my wallet, but I see this!
WARNING: Checkpoint is too old. Wait for block chain to download, or notify developers.


Also on each transaction I can see this!
Offline 0 confurmations Generated but not accepted mined


Can someone help me?
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March 05, 2018, 12:02:46 PM
 #16751

Hello,

I'm trying to synchronize my wallet, but I see this!
WARNING: Checkpoint is too old. Wait for block chain to download, or notify developers.


Also on each transaction I can see this!
Offline 0 confurmations Generated but not accepted mined


Can someone help me?

Copied info from the OP.
If this is not a new install , make a wallet.dat backup 1st

Update to the last wallet release
Only Download from the Alternate & Knights slack forum links
*Always Verify the Checksums Match before using any Downloaded Wallet*
Windows Wallet Checksums
MD5 Checksum:
F760A679B086CEA7FA4FA0F0448B5906
SHA-1 Checksum:
DFDC8DCB8F9959CFD8639D3FAE5BA5B2B113FC4A
SHA-256 Checksum:
23E0E002A3FBBDD8EB174084EF9E7DC29F318DAE3196DE9A2C9271B60464525F
SHA-512 Checksum:
3140F7553E34BC22A1D791D162382205986B43EC93259A69E13CD7E70C214CAB01B3CB42F3346B0 6DCEBC6EAA46DA62395B26B3A1BC481E746F117CB2DA71116

Wallets Downloads Available on Zeit-Knights.slack.com
Under the Announcements Section.

or

Alternate Wallets Download Sites

Windows 2.0.2.1 Alternate Download

? For Newbies a Step by Step Guide to installing the ZEIT Wallet. ?

Download & Install the ZEIT BlockChain SnapShot for New or Active Wallets.

Download and install the snapshot.

Just wondering is this an old install and you never updated to the ULI version last year?
When is the last time you were fully synced?

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March 05, 2018, 12:37:08 PM
 #16752

Last time fully synced - 3 years ago
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March 05, 2018, 12:41:51 PM
 #16753

Last time fully synced - 3 years ago

Yes, you definitely need to download the latest version of zeitcoin.
Then download and install the snapshot.

Just follow the steps from the previous post and you should be good.
* Be sure to have a backup of that wallet.dat 1st *


I was Red Tagged because Lauda Blows Theymos to get back on DT
The rest are just lauda's personal butt monkeys=> Hhampuz , Vod, TMAN , achow101
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March 05, 2018, 12:52:36 PM
 #16754

Thanks
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March 05, 2018, 09:01:12 PM
 #16755

Good luck guys.

One more thing..does anyone knows why Zeitcoin is still in maintenance mood in CoinExchange?
Thanks
Hi Guys
Is there an issue with SouthExchange ?
It tells me that I cant transfer my 1.4m Zeitcoins to my wallet due to the

'TUN network is having issues. Deposits and withdrawals will be disabled until the network is working fine.'

Is this a permanent or temporary thing ?
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March 05, 2018, 11:10:12 PM
Last edit: March 06, 2018, 01:44:01 AM by Zin-Zang
 #16756

Hi Guys
Is there an issue with SouthExchange ?
It tells me that I cant transfer my 1.4m Zeitcoins to my wallet due to the

'TUN network is having issues. Deposits and withdrawals will be disabled until the network is working fine.'

That is a notification message regarding the tun network. Click the X to the right of it , to close it.
It has nothing to do with Zeitcoin.


However their systems are out of sync for the moment:
Quote
SouthXchange
@southxchange
13m13 minutes ago

We are doing maintenance on our servers. Do expect delays in deposits and withdrawals, and random errors in the site.

Check their twitter for updates :  https://twitter.com/southxchange

Update:
Quote
SouthXchange
@southxchange
55m55 minutes ago

Everything should be back to normal now. Deposits and withdrawals are slowly being processed. Sorry for the inconvenience!

I was Red Tagged because Lauda Blows Theymos to get back on DT
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March 06, 2018, 03:31:02 AM
 #16757

the biggest problem zeit is going through right now is not the price, but the trading volume that`s too low
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March 06, 2018, 06:07:13 AM
 #16758

the biggest problem zeit is going through right now is not the price, but the trading volume that`s too low

Well feel free to trade as much as you want to get it where you want it to be.  Wink

FYI:
Price & Value are not the same things,
Zeitcoin true value has not been recognized by the majority (This provides opportunity to get zeit before this realization occurs.)
Price is being manipulated lower by whales , so they can acquire more and get rid of the weak hands before they attempt to raise the price and profit.

Zeitcoin survived trading volumes & prices much lower than what it is now, so trading volume really has little effect on the technical network value or function.
The advantage to being energy efficient , zeitcoin can weather any storm.
All an investor has to do is decide their strategy and follow through.
Time will take care of the rest.

I was Red Tagged because Lauda Blows Theymos to get back on DT
The rest are just lauda's personal butt monkeys=> Hhampuz , Vod, TMAN , achow101
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March 06, 2018, 12:17:21 PM
 #16759

Hello,

 My wallet is actualized now but I have a hundreds of transactions with "Generated but not accepted Mined" explenation!

Someone has an idea if it is fixable?
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March 06, 2018, 12:21:18 PM
 #16760


Quote
explenation!

 create a passphrase, and keep the wallet locked until sync'd   Wink


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