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

[Zin-Zang]

Is there any news about the Zeitcoin wallet of Cryptopia? Would like to know when the wallet is online again. Yet again 24 days offline is really bad of Cryptopia.  

As far as I can tell Cryptopia is just sitting on their hands doing nothing.
It does not take that long to sync a blockchain.

Their support has really gotten bad since that new CEO took over.

Zeitcoin never had any problems there when Hexx was running the place.

[CoinEraser]

Is there any news about the Zeitcoin wallet of Cryptopia? Would like to know when the wallet is online again. Yet again 24 days offline is really bad of Cryptopia.  

As far as I can tell Cryptopia is just sitting on their hands doing nothing.
It does not take that long to sync a blockchain.

Their support has really gotten bad since that new CEO took over.

Zeitcoin never had any problems there when Hexx was running the place.

Yes, I can remember that too. In the past (old CEO) Cryptopia never had any problems with Zeitcoin. The Zeitcoin wallet offline for over 20 days is really bad of Cryptopia. 

[wenwen]

Good afternoon. It is very unfortunate that such a situation arose. I hope that the developers will take action. I hope that the coin will develop. I wish success to all.

Current Exchange Status

Exchanges	Status	Pairings
BiteBTC	Online	BTC / LTC
CFINEX	Online	BTC
CoinExchange	Online	BTC / DOGE / ETC
Cryptopia	Offline: 24 Days	LTC / DOGE
NovaExchange	Online	BTC / LTC / DOGE
SouthXchange	Online	BTC / DASH / LTC / USD
TradeSatoshi	Offline: 26 Days	BCH / BTC / LTC / DOGE

Is there any news about the Zeitcoin wallet of Cryptopia? Would like to know when the wallet is online again. Yet again 24 days offline is really bad of Cryptopia.  

[Zin-Zang]

Good afternoon. It is very unfortunate that such a situation arose. I hope that the developers will take action. I hope that the coin will develop. I wish success to all.

The exchanges have not synced their wallets, has zero to do with any coin developers since the network is running normally and they already provide bootstraps & snapshots.
Plus anyone can use the block explorer and get addnodes.

This coin is energy efficient , has a higher onchain transaction capacity than many coins, and requires minimal monthly maintenance to keep running.

Three ways it is already more developed than bitcoin.  

FYI:
In the why Bitcoin is doomed News.
https://cointelegraph.com/news/cloud-mining-platform-hashflare-stops-services-disables-equipment-on-sha-256-contracts

Cloud cryptocurrency mining service HashFlare announced July 20, that it is stopping mining services and shutting down hardware on current SHA-256 contracts due to difficulty generating revenue.

As BTC mining continues to be unprofitable, we inform that on July 18, 2018, we had to start disabling SHA equipment, and today, on July 20, 2018, withhold the mining service for active SHA-256 contracts.”

[Zin-Zang]

FYI:
Quick Reference for the Price of 1 million ZEITCOIN verses the US$
https://chainz.cryptoid.info/zeit/

USD price
$68.77 / M ZEIT

or

Quick Reference for the Price of 1000 ZEITCOINs verses Fiat Currencies
https://coinmill.com/ZTC_calculator.html#ZTC=1000

United States Dollar (USD)  = $.07
Euro (EUR)                         =  .06
Canadian Dollar (CAD)         =  .09
Singapore Dollar (SGD)        = .09
Chinese Yuan (CNY)             = .47
Japanese Yen (JPY)              =7.67
Russian Ruble (RUB)           = 4.38
Philippine Peso (PHP)           = 3.69
Thai Baht (THB)                  = 2.31
New Zealand Dollar (NZD)    = 0.10
New Taiwan Dollar (TWD)     = 2.12
Mexican Peso (MXN)             = 1.31
Nigerian Naira (NGN)            =24.83
Costa Rican Colon (CRC)      =39.08
Venezuelan Bolivar Fuerte (VEF) = 8248.66  

[Zin-Zang]

New Exchange , Free Voting to add ZEITCOIN to their exchange.
(Does require registration before voting.)

https://aiodex.com/vote/zeit

[CoinQuest]

New Exchange , Free Voting to add ZEITCOIN to their exchange.
(Does require registration before voting.)

https://aiodex.com/vote/zeit

Voted!

[warbird023]

New Exchange , Free Voting to add ZEITCOIN to their exchange.
(Does require registration before voting.)

https://aiodex.com/vote/zeit

Voted

[Ensaniyat]

voted...

[Zin-Zang]

Europe Users

https://novaexchange.com/news/
2018-08-06 16:20 - More and more deposits...

As announced we open for deposits in more and more different assets every week now.
Check this weeks list for your favourite coin (Deposits open in the afternoon of 7 august, Central European Time):

ZEIT

[Zin-Zang]

For New Users or Exchanges that need to get in Sync

Latest ZEITCOIN Snapshot 8-10-2018
https://bitcointalk.org/index.php?topic=487814.msg39618691#msg39618691


Latest ZEITCOIN Bootstrap.dat  8-10-2018
https://bitcointalk.org/index.php?topic=487814.msg31894202#msg31894202

[wenwen]

Good afternoon. I have a bad suspicion that the coin developers just gave up and threw a coin. $ 223 per day the volume is ridiculous. I wish everyone good luck.

Europe Users

https://novaexchange.com/news/
2018-08-06 16:20 - More and more deposits...

As announced we open for deposits in more and more different assets every week now.
Check this weeks list for your favourite coin (Deposits open in the afternoon of 7 august, Central European Time):

ZEIT

[Zin-Zang]

Good afternoon. I have a bad suspicion that the coin developers just gave up and threw a coin. $ 223 per day the volume is ridiculous. I wish everyone good luck.

I have a suspicion that wenwen has done absolutely nothing to support zeitcoin.

And I wish he would sell all his zeitcoins as since he does nothing to help , his opinion is worthless.  


@wenwen, why the hell do you even own any zeitcoins , you think so poorly of it ,
then sell your coins and Good Bye. 

[Zin-Zang]

As everyone knows Lightning Network is supposed to make bitcoin transactions affordable.

But when you dig into it the question become more affordable than what.

Current comparison

Most Lightning network hubs charges a default base fee of $0.06 US
so to complete a LN offchain transaction will cost you a
minimum of $0.06 US if you only need 1 hub
minimum of $0.12 US if you only need 2 hubs
minimum of $0.18 US if you only need 3 hubs
minimum of $0.24 US if you only need 4 hubs
minimum of $0.30 US if you only need 5 hubs

Now let's compare than with ZEITCOIN's ONCHAIN Network
Cost is usually .1 zeitcoin which currently equals $0.0000025 US
So to complete a Zeitcoin Transaction
the cost is $0.0000025 US

As you can see it is not even in the same ballpark, Zeitcoin transactions are more affordable than LN by a factor of 24000 X .  

So the question becomes , ok well when zeitcoin reaches $0.50 per zeitcoin
then the cost is $0.05 US (still cheaper than LN)

Ok , next level When Zeitcoin reaches $1 per zeitcoin, and the majority of you that read this are multimillionaires.  
then the cost is $0.10 US (still cheaper than LN needing 2 hops)

In LN, you are looking at possibly up to 2 weeks maximum wait time for complete ownership of your newly acquired funds. (when you close your LN Channel)

In ZEITCOIN, you only need to wait 25 minutes for 50 confirmations to feel secure in your ownership of the money you received.

One of the reason ZEIT is the Future and Bitcoin/LN are the past.

The ZEITCOIN Network is Currently 24000X more affordable than LN.

[Qan]

As everyone knows Lightning Network is supposed to make bitcoin transactions affordable.

But when you dig into it the question become more affordable than what.

Current comparison

Most Lightning network hubs charges a default base fee of $0.06 US
so to complete a LN offchain transaction will cost you a
minimum of $0.06 US if you only need 1 hub
minimum of $0.12 US if you only need 2 hubs
minimum of $0.18 US if you only need 3 hubs
minimum of $0.24 US if you only need 4 hubs
minimum of $0.30 US if you only need 5 hubs

Now let's compare than with ZEITCOIN's ONCHAIN Network
Cost is usually .1 zeitcoin which currently equals $0.0000025 US
So to complete a Zeitcoin Transaction
the cost is $0.0000025 US

As you can see it is not even in the same ballpark, Zeitcoin transactions are more affordable than LN by a factor of 24000 X .  

So the question becomes , ok well when zeitcoin reaches $0.50 per zeitcoin
then the cost is $0.05 US (still cheaper than LN)

Ok , next level When Zeitcoin reaches $1 per zeitcoin, and the majority of you that read this are multimillionaires.  
then the cost is $0.10 US (still cheaper than LN needing 2 hops)

In LN, you are looking at possibly up to 2 weeks maximum wait time for complete ownership of your newly acquired funds. (when you close your LN Channel)

In ZEITCOIN, you only need to wait 25 minutes for 50 confirmations to feel secure in your ownership of the money you received.

One of the reason ZEIT is the Future and Bitcoin/LN are the past.

I do think however a fixed percentage with a max cap is the way to go. Zeitcoin is way ahead of it's time and it should implement futuristic features.

Is 50 confirmation also a standard for non exchange transactions? Is it not 4 ?

[Zin-Zang]

Is 50 confirmation also a standard for non exchange transactions? Is it not 4 ?

50 confirmations are the recommended wait time for exchanges due to the large monetary amounts that can be transferred.

But the Zeitcoin wallet receiving the coins only requires 4 confirmations(2 minutes) before allowing you to spend those coins.

It is like this, if you are buying something for less than $20 then 4 confirmations (2 minutes) are fine.

If you are accepting hundreds or thousands of $ worth of Zeitcoins, then waiting 50 confirmations (25 minutes) are recommended.

[olegkalinicev325]

Can you please tell me if other people can also force Trade Satoshi to update their wallet?

[Qan]

TradeSatoshi keeps going out of sync.

And cryptopia was our star exchange, but thank God for Coinexchange.

[Zin-Zang]

SouthXchange has been rock solid.

[Qan]

SouthXchange has been rock solid.

Nothing compares Coinexchange and Cryptopia volume and liquidity.