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

[trogdorjw73]

Zeitcoin's block explorer needs some help. While it's nice to be able to search for hashes and transactions, what we really need is something that readily shows the total ZEIT in circulation, as well as the mining values of each block (PoW or PoS). Compare MINT's explorer to the current ZEIT explorer -- there's so much more useful information on the MINT explorer it's not even funny! Of course, if we had all of the ZEIT information, people would likely understand better why the price is at 1/2 satoshi and falling.

[Ragz]

yeah I go back and forth all day about zeit.....just don't see it coming to fruition unfortunately, although later today i'll be all about it again and wanting to buy more

[solarion]

yeah I go back and forth all day about zeit.....just don't see it coming to fruition unfortunately, although later today i'll be all about it again and wanting to buy more

This coin is still very young. The wallet was very mediocre. That's been addressed and now I'd rate the wallet as above average. The block explorer at least shows TxIds properly now. The forum is picking up steam and there are projects in the works.

Compare Zeit to doge fas. Doge has over 76.6 billion coins mined, will soon have 100 billion, and will continue to mine 5 billion coins/year. Yet even without paying interest each one costs 106 satoshis presently.

There are 27.4 billion Zeit. None are being mined, the stake rate is modest at this point, they pay a healthy interest rate, and they cost less than 3% of what a doge does.

Note, I've nothing against doge, save the inflation rate. These are just the cold hard numbers.

[sdersdf2]

Going strictly by the cryptsy and mintpal charts, is this a dead coin?

[gazzamc]

Going strictly by the cryptsy and mintpal charts, is this a dead coin?

I hope not, there is currently too many dumpers once their gone we can get back to rising in price... they killed off the little growth we had a few weeks back.

[solarion]

Going strictly by the cryptsy and mintpal charts, is this a dead coin?

Not at all. Many just have extremely short attention spans.

[trogdorjw73]

Going strictly by the cryptsy and mintpal charts, is this a dead coin?

Not at all. Many just have extremely short attention spans.

Trade volume: under $500 per day
Number of coins: "too many" (20 billion, give or take) and growing "too fast" (25% for the first year)
Price follows the above, giving you the 1 satoshi rate we're seeing.

My thoughts? Yes, ZEIT is pretty much dead. There are so many other coins out there that have gathered more interest, and if no one is interested in a coin then it really serves little purpose.

[solarion]

Going strictly by the cryptsy and mintpal charts, is this a dead coin?

Not at all. Many just have extremely short attention spans.

Trade volume: under $500 per day
Number of coins: "too many" (20 billion, give or take) and growing "too fast" (25% for the first year)
Price follows the above, giving you the 1 satoshi rate we're seeing.

My thoughts? Yes, ZEIT is pretty much dead. There are so many other coins out there that have gathered more interest, and if no one is interested in a coin then it really serves little purpose.

Flawed arguments are flawed. The number of coins minted need not be guessed at or generalized. It's exactly 27428309200.095898 right at this second. PoW phase is over and with the huge number of coins on exchanges there are not a lot of coins being minted. The monetary inflation rate is quite low. Where can you buy for 1 satoshi? I'm on that. I too would like to see Zeitcoin adoption expand, but these things take time.

[stevegreer]

+1. Where are you getting the 1 satoshi from? It's selling for 2 on Mintpal and 3 on Bittrex. Yes, not big numbers by any means, but like was stated before, this is still a young coin. And it was never designed to be a short term investment to make millions of dollars. Patience grasshopper.

[GAZK]

Going strictly by the cryptsy and mintpal charts, is this a dead coin?

Not at all. Many just have extremely short attention spans.

Trade volume: under $500 per day
Number of coins: "too many" (20 billion, give or take) and growing "too fast" (25% for the first year)
Price follows the above, giving you the 1 satoshi rate we're seeing.

My thoughts? Yes, ZEIT is pretty much dead. There are so many other coins out there that have gathered more interest, and if no one is interested in a coin then it really serves little purpose.

I disagree with this.  The point of cryptocoins is to be a replacement for fiat.  Let's get real for a minute... Do we really think something like 42 coin is going to catch on mainstream??  Not a chance. Only 42 coins available in the entire world?  Good luck splitting that up between billions of people.  Who would want to deal in everyday transactions with that amount of decimals?

To me, there needs to be a lot of coins if this thing is ever going to be truly used and not just a "collector" item.

[solarion]

Also, more coins makes it harder for a couple whales to push the price all over the place, like some other coins that seem to be custom engineered for optimal manipulation.

[Kearney52]

lol... I'm apparently not high enough to think any of this is a good idea

[KSGuy]

lol... I'm apparently not high enough to think any of this is a good idea

Keep trying..lol
I actually just sold most of my zeit the other day to fund another project.
I hope this does well but I'm pretty much out.

[Rent_a_Ray]

HARDFORKED to fully POS
Congrats...

For all those who are using old wallets, please update now...

Ray

[sdersdf2]

Going strictly by the cryptsy and mintpal charts, is this a dead coin?

Not at all. Many just have extremely short attention spans.

Trade volume: under $500 per day
Number of coins: "too many" (20 billion, give or take) and growing "too fast" (25% for the first year)
Price follows the above, giving you the 1 satoshi rate we're seeing.

My thoughts? Yes, ZEIT is pretty much dead. There are so many other coins out there that have gathered more interest, and if no one is interested in a coin then it really serves little purpose.

That's certainly what it looks like. Still, I was curious if there was any turnaround story likely on this front - any new developments around the corner? I think that would pretty much settle whether it's alive or dead.

[sdersdf2]

+1. Where are you getting the 1 satoshi from? It's selling for 2 on Mintpal and 3 on Bittrex. Yes, not big numbers by any means, but like was stated before, this is still a young coin. And it was never designed to be a short term investment to make millions of dollars. Patience grasshopper.

So, what is the long-term plan?

[distraido]

where are the mining pools?

[Rent_a_Ray]

where are the mining pools?

Your wallet is your pool. POS.

[stevegreer]

+1. Where are you getting the 1 satoshi from? It's selling for 2 on Mintpal and 3 on Bittrex. Yes, not big numbers by any means, but like was stated before, this is still a young coin. And it was never designed to be a short term investment to make millions of dollars. Patience grasshopper.

So, what is the long-term plan?

Hmmm... part of me wants to write a long drawn out analysis, but the other part of me doesn't want to be late for work. So I will say for now that one of the long-term plans is to be a viable option for fiat currency. Afterall, isn't one of the best things about cryptocurrency the fact that they are not regulated (controlled) by any governments like fiat currencies are?

[gazzamc]

HARDFORKED to fully POS
Congrats...

For all those who are using old wallets, please update now...

Ray

What's the latest version?