[ANN] Zimstake (ZS) - PURE POS - No IPO / PreMine - SHA-256

[djslick]

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[CINNI will LIVE]

Theres something going down, ive been watching the ZS Richlist and the top address has added 50000 coins in the last few hours!!

Likely adding a small chunk to offload during a dead cat bounce.

Top address is probably an exchange.

I dont think that exchanges have one super account.
If I transfer from bittrex to mint I get my own trade address to transfer the coins.
So that account is listed on mint. There is not one super acc. that would had all the coins of the users trading on mint or bittrex.
So the richlist are real stock holders.

[ChrisLandin]

Theres something going down, ive been watching the ZS Richlist and the top address has added 50000 coins in the last few hours!!

Likely adding a small chunk to offload during a dead cat bounce.

Top address is probably an exchange.

I dont think that exchanges have one super account.
If I transfer from bittrex to mint I get my own trade address to transfer the coins.
So that account is listed on mint. There is not one super acc. that would had all the coins of the users trading on mint or bittrex.
So the richlist are real stock holders.

I totally agree. Also the wallet possibly hasn't been opened as its not accrued any interest at all its a dead 350000. When it gets opened there will be a nice portion of zs for it.

[SrsCrypto]

CG is great so there is no need to jump him like he is the one responsible for your losses(nobody forced you to invest, you should know that you can't invest what you can't afford to lose), you should really wait a bit more, maybe he has some personal life issues, don't forget, most of the peoples here are not just mindless drones, they have real life, real families and real jobs.

^^^

[uki]

STOP CRYING AND HOLD YOUR......................BALLS .STAKING IS WORKING GOOD >>> SO STAKE YOUR COINS (EARN MONEY WHILE SLEEPING ) AND WAIT FOR BETTER DAYS .

Let me disagree. Even if you bought at say 7k sat, your loss won't get even with staking at the current price levels in quite a long time. Could you please turn off the caps lock and calculate how many years one should wait to brake even?
Just my $0.02

[SrsCrypto]

STOP CRYING AND HOLD YOUR......................BALLS .STAKING IS WORKING GOOD >>> SO STAKE YOUR COINS (EARN MONEY WHILE SLEEPING ) AND WAIT FOR BETTER DAYS .

Let me disagree. Even if you bought at say 7k sat, your loss won't get even with staking at the current price levels in quite a long time. Could you please turn off the caps lock and calculate how many years one should wait to brake even?
Just my $0.02

He means just stake till the price recovers.......

[roadies]

Buying more ZS. Can't resist at these prices.

Only question is would it be better to buy at MP or Bittrex? Which would help the coin more?

EDIT: NM. I decided to send my BTC to MP and do my buying there.

[crazywack]

what ever price is cheaper 

[MrWong]

Taking all my current coins and putting them down for staking! Tempting to buy some more at these prices!!!

[roadies]

Taking all my current coins and putting them down for staking! Tempting to buy some more at these prices!!!

I am certainly buying. This is crazy!

[Gologuzan]

if you wana raise zim price, get it listed here

http://www.bitcoinshop.us/

i think that that will help a little.

P.S. CG if your plan was to get zim there, sorry for telling it to everyone.

[tigerwood0432]

I'm buying more and more at these prices = stake it till the price goes up .

I make 5 zs per day

so let me help to calculate : (because there is 1 think you forget = you will not get 12 % per year at once ) = its 12%/365/PER DAY)

MEANS FOR EXAMPLE :

    50000 zs =  GIVES YOU 5 ZS PER DAY (that's what i'm earning approx with zs)

BUT the day after = i will stake 50005 zs = not 50000 (means i will receive 5.005 NOT 5 ....etc) = because interest profit are added to your capital everyday

day 1 : 50005
day 2 : 50010.0005 (50005 * 1.0001)
day 3 : 50015.0015 (50010.0005 * 1.0001)
day 4 : 50020.003  (500015.0015* 1.0001)
day 5 : 50025.005  (500020.003* 1.0001)
day 6 : 50030.0075 (500025.005 *1.0001)
day 7 : 50035.0105 (500030.0075 *1.0001)
day 8 : 50040.014
day 9 : 50045.018
day 10 : 50050.0225
day 11 : 50055.0275
day 12 : 50060.033
day 13 : 50065.039
day 14 : 50070.0455
day 15 : 50075.0525
day 16 : 50080.06
day 17 : 50085.068
day 18 : 50090.0765
day 19 : 50095.0855
day 20 : 50100.0951
day 21 : 50105.1051
day 22 : 50110.1156
day 23 : 50115.1266
day 24 : 50120.1381
day 25 : 50125.1501
day 26 : 50130.1626
day 27 : 50135.1756
day 28 : 50140.1892
day 29 : 50145.2032
day 30 : 50150.2177

TOTAL PROFIT IN 1 MONTH WHILE SLEEPING = 150 ZS ( if price grows = triple profit)

Try to calculate until day 365 (one year)

= YOU WILL BE SURPRISED = VERY HUGE PROFIT WITHOUT DOING ANYTHING

[youseeberkeley]

I'm buying more and more at these prices = stake it till the price goes up .

I make 5 zs per day

so let me help to calculate : (because there is 1 think you forget = you will not get 12 % per year at once ) = its 12%/365/PER DAY)

MEANS FOR EXAMPLE :

    50000 zs =  GIVES YOU 5 ZS PER DAY (that's what i'm earning approx with zs)

BUT the day after = i will stake 50005 zs = not 50000 (means i will receive 5.005 NOT 5 ....etc) = because interest profit are added to your capital everyday

day 1 : 50005
day 2 : 50010.0005 (50005 * 1.0001)
day 3 : 50015.0015 (50010.0005 * 1.0001)
day 4 : 50020.003  (500015.0015* 1.0001)
day 5 : 50025.005  (500020.003* 1.0001)
day 6 : 50030.0075 (500025.005 *1.0001)
day 7 : 50035.0105 (500030.0075 *1.0001)
day 8 : 50040.014
day 9 : 50045.018
day 10 : 50050.0225
day 11 : 50055.0275
day 12 : 50060.033
day 13 : 50065.039
day 14 : 50070.0455
day 15 : 50075.0525
day 16 : 50080.06
day 17 : 50085.068
day 18 : 50090.0765
day 19 : 50095.0855
day 20 : 50100.0951
day 21 : 50105.1051
day 22 : 50110.1156
day 23 : 50115.1266
day 24 : 50120.1381
day 25 : 50125.1501
day 26 : 50130.1626
day 27 : 50135.1756
day 28 : 50140.1892
day 29 : 50145.2032
day 30 : 50150.2177

TOTAL PROFIT IN 1 MONTH WHILE SLEEPING = 150 ZS ( if price grows = triple profit)

Try to calculate until day 365 (one year)

= YOU WILL BE SURPRISED = VERY HUGE PROFIT WITHOUT DOING ANYTHING

+1

[uki]

I'm buying more and more at these prices = stake it till the price goes up .

I make 5 zs per day

so let me help to calculate : (because there is 1 think you forget = you will not get 12 % per year at once ) = its 12%/365/PER DAY)

MEANS FOR EXAMPLE :

    50000 zs =  GIVES YOU 5 ZS PER DAY (that's what i'm earning approx with zs)

BUT the day after = i will stake 50005 zs = not 50000 (means i will receive 5.005 NOT 5 ....etc) = because interest profit are added to your capital everyday

day 1 : 50005
day 2 : 50010.0005 (50005 * 1.0001)
day 3 : 50015.0015 (50010.0005 * 1.0001)
day 4 : 50020.003  (500015.0015* 1.0001)
day 5 : 50025.005  (500020.003* 1.0001)
day 6 : 50030.0075 (500025.005 *1.0001)
day 7 : 50035.0105 (500030.0075 *1.0001)
day 8 : 50040.014
day 9 : 50045.018
day 10 : 50050.0225
day 11 : 50055.0275
day 12 : 50060.033
day 13 : 50065.039
day 14 : 50070.0455
day 15 : 50075.0525
day 16 : 50080.06
day 17 : 50085.068
day 18 : 50090.0765
day 19 : 50095.0855
day 20 : 50100.0951
day 21 : 50105.1051
day 22 : 50110.1156
day 23 : 50115.1266
day 24 : 50120.1381
day 25 : 50125.1501
day 26 : 50130.1626
day 27 : 50135.1756
day 28 : 50140.1892
day 29 : 50145.2032
day 30 : 50150.2177

TOTAL PROFIT IN 1 MONTH WHILE SLEEPING = 150 ZS ( if price grows = triple profit)

Try to calculate until day 365 (one year)

= YOU WILL BE SURPRISED = VERY HUGE PROFIT WITHOUT DOING ANYTHING

that is all fine. You got your 150 newly minted coins, but now the overall value of your holdings (within last month the price dropped from stable 8-9k sat to 1-2k now, where it sits now) decreased to roughly 15% of what it was one month ago and staking doesn't improve much this picture. You need a nearly six time increase to break even, which, if we don't get any positive news coming soon, may make you wait a bit longer, if ever. That is why people drop the coin, and I am not sure if they are convinced by 12% p.a. interest rates.

And that was my main point in the first post, I don't have anything against staking (although sometimes taking into account the average lifetime of a coin it may not bring you much, simply because coin is gone after 3-4 months), but let's be fair and recognise that ZS is now at the crossroads and needs some actions from the dev to stimulate the rebound.

[Shurugwi]

https://docs.google.com/spreadsheets/d/1N5iZcTLRKId04hfbEM_i2ZJAgWnlGFukxubyZ6TKh7U/edit?usp=sharing
Staking 50K ZS @ 12% for a year

Something CG asked on irc on Monday was what people thought of increasing the stake % to 24% rather than 12%.
Since not everyone is not on irc it might be a good idea to get some views on this.

[uki]

https://docs.google.com/spreadsheets/d/1N5iZcTLRKId04hfbEM_i2ZJAgWnlGFukxubyZ6TKh7U/edit?usp=sharing
Staking 50K ZS @ 12% for a year

Something CG asked on irc on Monday was what people thought of increasing the stake % to 24% rather than 12%.
Since not everyone is not on irc it might be a good idea to get some views on this.

Just one more thing, to make my point clear.
If PoS is meant to protect you from coin volatility, it actually fails.
Three-four months ago myself, and many fellow traders, were trading MOON, UNO, LOT, IFC, CTM and ZEIT.
Where these coins are right now? What is their liquidity?

ZEIT coin is actually a brilliant example, being one of the first PoS coins in the block, with 20% of yearly interest rate (and minimum stake age of 20 days, if I remember correctly).
The coin was, and still is, trade-able at Mintpal, with a small difference that now only LTC market is available and three months ago it was BTC.
Now had I got the coin for lowest possible price of 1 satoshi three months ago, it is worth less than 20 litoshi today. So less than one third, and 20% of interest rate does not help me much.
So the discussion whether 12 or 24% per annum is pointless at this stage, if one fundamental assumption for a PoS coin is not met, namely, ABILITY TO ROUGHLY PRESERVE ITS VALUE OVER TIME.
If, and only if, a coin is roughly valued the same after three, six months (which is ages in cryptocurrencies terms and requires commitment from both dev team and community) then PoS can be an added value. If PoS is meant to protect you from volatility, you can calculate yourself how much a coin could lose other the year (apart from surviving!) to bring you even.  
Otherwise PoS is just another fancy feat that does not bring much, but hype.  

[Richard213]

why pos is so important than other feature in here?
you know, 12% is fine for me, but 24?
if you have time, please work in other feature than this damn POS things

[djudjson]

Only thing that I want to say is all that I see now is that community now asks for dev to help,
and thats ok, but the same dev asked same community a week ago to go to vote on coinpayments
cause he thought it was important at the moment, and how many ppl actually did that, just a few...

[CINNI will LIVE]

Only thing that I want to say is all that I see now is that community now asks for dev to help,
and thats ok, but the same dev asked same community a week ago to go to vote on coinpayments
cause he thought it was important at the moment, and how many ppl actually did that, just a few...

I think many of us did the voteing.
The bottom is reached now, weak hands are out and for me it looks promising. I bought down from 3k to 1k.
So the only way is up.

[kointrend]

UNBELIEVEBLE!! I have almost  16k Z(S-hit) pre-mintpal price and now I'm staking more SHIT...I love SHIT, and now I have THE REAL ONE!!! THAT'S AWESOME!!!