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

[Zin-Zang]

Great thing that Zeit increased in dollar value 122x but pretty useless if only exchange trading is yobit with less than 100$ daily volume for months.
I see that cryptopia btc market is offline again. Is that a never ending story? 15-20 Btc at 2 satoshi which nobody wants to buy and then the 1 satoshi buy orders getting eaten up again.
Sry for my criticsm, I like this coin but we really need to change something here, otherwise this coin stays irrelevant forever.

Yobit is a scam exchange, don't use Yobit.

You missed the $48000 US$ Trading volume that just happened ~1 day ago.
You might want to pay more attention to CMK : https://coinmarketcap.com/currencies/zeitcoin/
Currently $10258 for the last 24 hours.

If you look at the top of this page you can see we are on 5 exchanges, soon to be 6 once Nova reactivates.
Over 14 markets with different pairs BTC included.

In Jan 2017, the ULI change was announced
Price per coin on Jan 2017,      was US$ .000006
Price per coin on Aug 11, 2017 was US$ .000074
Price per coin on Jan 9, 2018    was US$ .000674
Price per coin on May 17, 2018    is  US$ .000094

The ULI is doing it's job and the value per coin is growing.

Comparing ZEITCOIN verses Bitcoin Performance for the exact same time frame
Price per bitcoin on Jan 9th, 2017 was US$   907.19
Price per bitcoin on May 17th , 2018 is US$ 8300.06

bitcoin  gain is    9.15X  for Jan ,2017 to Today
Zeitcoin gain is 15.67X   for Jan ,2017 to Today

You were better off to be invested in Zeitcoin than bitcoin.

If that makes us irrelevant in your mind, then I want to be irrelevant for all time.  

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[Zin-Zang]

In the Why Bitcoin is Doomed to Fail News

https://cointelegraph.com/news/bitcoin-mining-to-use-05-of-worlds-energy-by-end-of-2018-peer-reviewed-research-shows

Bitcoin Mining To Use 0.5% Of World’s Energy By End Of 2018, Peer-Reviewed Research Shows

De Vries concludes that as the BTC network currently consumes about 2.55 GW of electricity and moves towards consuming 7.67 GW in the future (for reference, Ireland consumes 3.1 GW and Austria 8.2 GW), the network “has a big problem, and it is growing fast.” However, he does note that solutions like the Lightning Network “may alleviate the situation.”

* Lightning Network is an offchain solution and has zero effect in lowering the onchain energy requirements,
 in fact it increases the electricity used as the additional offchain nodes will require more electricity in addition to the onchain network. *  

* ZEITCOIN can be Staked anywhere in the world on a Laptop, and uses so little electricity , no one will even notice. *
* Also the production cost of creating new Zeitcoins is extremely cost effective. *    

* When the Production cost of new bitcoins exceeds the price on the market,   *
* the bitcoin miners shut down and bitcoin network stops forever.                   *
* Many of the Countries with the Cheapest Electricity have unstable grids with brown outs on a consistent basis. *

https://cointelegraph.com/news/cases-of-illegal-bitcoin-and-cryptocurrency-mining-chicken-farms-and-new-york

[Zin-Zang]

In the Governments are starting to go after the Anonymous Coins News.

https://cointelegraph.com/news/hacked-crypto-exchange-coincheck-confirms-removal-of-four-anonymity-focused-altcoins

According to Coincheck’s blog, the exchange will remove the four cryptocurrencies to comply with counter-terrorist financing (CFT) and anti-money laundering (AML) measures recently issued by Japan’s financial regulator, the Financial Services Agency (FSA).

Coincheck will end trading for four privacy-oriented cryptocurrencies, Monero (XMR), Zcash (ZEC), Dash (DASH), and Augur (REP), Cointelegraph Japan reported May 18.

As part of its efforts, the FSA has stated that local, officially registered exchanges will face restrictions on the trading of privacy-focused altcoins, since they are more difficult to trace than cryptocurrencies like Bitcoin (BTC).

Zeitcoin and Bitcoin both use Public Blockchains, so we are equally compliant with Japan's FSA regulations.  

[four3200]

if you see this seal of approval you know your staking a good chain
https://bitcointalk.org/index.php?topic=864994.msg38031583#msg38031583

[Zin-Zang]

From the ZEIT KNIGHTS Slack Forum

Notice:  Thanks to the Efforts of CatBoss,  ZEIT will be on a new exchange in the next few weeks .

https://bitebtc.com

They are based in Singapore, and follow strict KYC regulations. But they are our 1st Asian Exchange.  

Registrations can take a few weeks so you may want to register now before the ZEIT Markets go live.

ZEIT will have a BTC & LTC pairings on their exchange.

2018 the Year That Asia Joins ZEIT! 

[Zin-Zang]

Quotes from the ZEIT-KNIGHTS Slack Forum

I wonder if anyone knows what our transactional speed is? I know we say its 20x faster than BTC pre segwit but does anyone know in real world terms the average speed?

Pre Segwit Bitcoin was max out at 7 transactions per second

ZEITCOIN is 20X that, so our onchain max is at 140 transactions per second
or 8400 transaction per minute or over ½ Million transactions per hour or over 12 million transactions per day

What is unique about our Transactions processing is Transactions are processed in the order they are created,
unlike Bitcoin that lets transactions jump ahead of others by paying higher fees, and stalling transactions of people with less money,

Our Onchain Transactions are a low fixed rate, and process in the order of creation (no jumping in front of others),
so the delays like bitcoin users experience weeks and months before a transaction was accepted, literally can not happen on our network.

ZEIT has a Fixed Rate transaction fee & Fair Processing of the transactions queue for all.
The above is onchain, if someone uses the Exchange's Offchain Processing with Zeitcoin that bypasses the blockchain,
Our Offchain Transactions Capacity is Unlimited.

The hidden damage of Bitcoin Transaction Processing is the insane Energy consumption :
https://digiconomist.net/bitcoin-energy-consumption
Electricity consumed per transaction (KWh)    941
Number of U.S. households powered for 1 day by the electricity consumed for a single transaction: 31.81
This is driving up the costs that people pay for electricity in their homes.
https://www.utilitydive.com/news/munis-to-charge-bitcoin-miners-higher-power-prices-in-new-york/519275/

ZEITCOIN uses no more electricity per node than an Xbox to process transactions.
IF ZEITCOIN is being run on a PC that would be on constantly anyway it has a Zero energy footprint.
ZEITCOIN Network is sustainable and better for the environment, due to its energy efficiently.
Plus it won't raise your community's electric rates.

[Qan]

Looks like Tradesatoshi's wallet isnt syncing anymore. They are only synced upto block 4656291 - 18th May 2018.

[Zin-Zang]

Looks like Tradesatoshi's wallet isnt syncing anymore. They are only synced upto block 4656291 - 18th May 2018.

Opened a Support ticket for them to restart their wallet so it will sync with the network.  

Give them a day or two to get in sync.
People can monitor coins status at https://tradesatoshi.com/Status

Update: Maintenance    syncing 707 052418 

[Zin-Zang]

In Nova Exchange News
https://novaexchange.com/news/

Dear, loyal and patient(!) Nova customers.
Finally we have tremendous news to share with you.
On the 28th of May we will open the market for deposits in the following currencies:
- Bitcoin
- Litecoin
- Dogecoin

So, trading is open.
Later on you will be welcome to make deposits in other currencies.
We are big on keeping our promises so this is what we want to promise you today.
May 28th is the day. (NOTE!!!: Please do remember that Nova Exchange is global, the exact time may vary depending on your current time zone)
We are very gratetful to have your trust and your patience.

More is coming....

Best wishes, Team Nova

[Qan]

Looks like Tradesatoshi's wallet isnt syncing anymore. They are only synced upto block 4656291 - 18th May 2018.

Opened a Support ticket for them to restart their wallet so it will sync with the network.  

Give them a day or two to get in sync.
People can monitor coins status at https://tradesatoshi.com/Status

Update: Maintenance    syncing 707 052418 

What does syncing 707052418 mean?

[Zin-Zang]

Looks like Tradesatoshi's wallet isnt syncing anymore. They are only synced upto block 4656291 - 18th May 2018.

Opened a Support ticket for them to restart their wallet so it will sync with the network.  

Give them a day or two to get in sync.
People can monitor coins status at https://tradesatoshi.com/Status

Update: Maintenance    syncing 707 052418  

What does syncing 707052418 mean?

It means they placed the wallet in maintenance while it syncs with the network.
I guessing time it was placed in maintenance: 7:07  05/24/18  

[Zin-Zang]

New Exchange

Trading Pairs are up.

https://bitebtc.com/trade/zeit_btc

https://bitebtc.com/trade/zeit_ltc

BiteBTC Twitter:
https://twitter.com/bitebtccom/status/999638849499299840


 


*Always send a small test deposit when depositing to a new exchange for the 1st time.*

[Zin-Zang]

Sync Tips for News Users

1.  Be sure your wallet is locked /encrypted while syncing
    (Unlocked wallets try to stake and that slows down your sync.)
    (Only unlock the wallet to stake after you are fully synced. Blue Check-mark appears in the lower right hand corner when synced)

2. Make sure your PC is set to the correct time.

3. Be sure you have opened your firewall, so it is not blocking your wallet.
    In windows, control panel, windows firewall, click allow a program thru windows firewall, add zeitcoin-qt.exe

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

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

[Angel Di]

New Exchange

Trading Pairs are up.

https://bitebtc.com/trade/zeit_btc

https://bitebtc.com/trade/zeit_ltc

BiteBTC Twitter:
https://twitter.com/bitebtccom/status/999638849499299840


 


*Always send a small test deposit when depositing to a new exchange for the 1st time.*

This is very good news for the project and its community. We immediately see that the team works, of course all I do not know the details, but I will probably study the project. Apparently in this project all questions can be asked in a telegram

[Zin-Zang]

In the Another Person has realized that Proof of Work such as Bitcoin is a Dead End and that Proof of Stake such as Zeitcoin is the Future News.

https://cointelegraph.com/news/ethereum-classic-51-attack-would-cost-just-55-mln-result-in-1-bln-profit-research

The methods employ a cost calculation model for 51% attacks known as Rindex v2.0,
which removes aspects such as purchasing new equipment in favor of “leasing” hashpower from other PoW coins,
such as Bitcoin (BTC) and Ethereum (ETH).

“The intention of this article is to raise the awareness of this attack vector
so that we can take appropriate measures to increase our networks’ robustness before it gets exploited
,” Abboud writes, providing various solutions to avert the problems
including upgrading to Proof-of-Stake (PoS).

ZEIT is already Proof of Stake.  

[Qan]

Can other people also push Trade Satoshi to update their wallet? I hsve my coins stuck in the middle

[Zin-Zang]

Can other people also push Trade Satoshi to update their wallet? I hsve my coins stuck in the middle

Their wallet is on the latest version, they just received the support ticket yesterday that their wallet was out of sync.
With any luck , they may be synced by Monday.

Create your own support ticket with them and ask them for an ETA.

[Qan]

Can other people also push Trade Satoshi to update their wallet? I hsve my coins stuck in the middle

Their wallet is on the latest version, they just received the support ticket yesterday that their wallet was out of sync.
With any luck , they may be synced by Monday.

Create your own support ticket with them and ask them for an ETA.

Yes I did. And they said they don't have an ETA. It's a 6 days worth of block data I supppse it should have been done by now :/

[insultingo45271]

Now a lot of old coins have slowly gone to die, Zeit still live in this market has been very difficult, hope it can continue to go on

[Zin-Zang]

ZEIT was Designed to Survive.