[BITZ] The Only 10% PoS Crypto to have

[EBK1000]

Bitz weekly update - Sunday 14/06/2015

I wanted to apologise for last weeks update which may have been a bit negative. After a week of work and watching numerous scam coins being launched there is no doubt that I stay committed to this project and will drive it forward.

This week I wanted to start off with some stats. There has been a bit of trading on C-Cex over the last couple of days and today there has been about 0.2 BTC worth of trade and the price at the time of writing is 768 sats. Still cheap in my opinion. No trade on the other exchanges.

The Bitz website has had around 176 visitors over the last week so it’s not that busy. The top 10 countries visiting the Bitz website (since the start) are:
1. US
2. Unknown (not set in the browser I guess)
3. UK
4. China
5. Japan
6. Brazil
7. Germany
8. Indonesia
9. South-Korea
10. Russia

On average less than 50% of Bitz are staking but the staking is working well.

I am still promoting Bitz to other exchanges but the responses are lacking.

I want to make a few comments on the 1st dev. cycle of the roadmap:
The additional node and block explorer will be up soon (by the end of June)
We are currently considering options for 2FA and will update when we have decided on how it will be implemented.
I have not started work yet on the layout for the new wallets (dual mode) as the 2FA is the first priority right now.
We got added to Cryptopia and I keep working on the others.

So I guess that the roadmap is in effect and I hope that it will stay on course. Our commitment to this project stay strong.

Also, a treat for followers of Bitz are being rolled out, probably in the next 2-3 weeks. This is because I have “rediscovered” Clams and I found that I had some Clams that I dug up using my Bitcoin wallet.dat file. If you are unfamiliar with Clams go and seek them out and if you had Bitcoins in a wallet on 12/05/2014 you will get some free Clams. So on that note, we are working on a pure PoS coin to supplement Bitz and that will be distributed free to followers of Bitz only in a similar way to Clams. I will set a date at some point in the near future and offer and distribute coins to everyone holding Bitz on that date. There will be a verification process that I will get back to. No small print or any weirdness, just free coins to Bitz followers. Maybe in the future the two will in some way be linked, we’ll see…

So, renewed effort and on we go…

[catotune]

Bravo, and thank you for sticking with your coin. I'm sure it can be discouraging being a coin dev, but we could use a trustworthy one in this space!

That's why I am invested in Bitz - I'm not expecting to get rich overnight, but I do expect it will grow gradually as people discover that it is run by an honest and hardworking dev.

[jahras]

about 50000  just got dumped. Sorry i missed out.

[jahras]

Good time to get some Bitz, someone's selling cheap.

[DOGEbubble]

Trading @Cryptopia now- good news for me. I will start to get some BITZ coins when I have time. 

[jahras]

No sell orders at cryptopia

[jahras]

Nice little spike in trade for the pass couple days.

[EBK1000]

Who deleted the comment:

A reply has been posted to a topic you are watching by caskey4521.

View the reply at: https://bitcointalk.org/index.php?topic=954125.new;topicseen#new

This is not a moderated thread and I didn't delete it. Who did?

[kilo17]

I like the idea behind this coin and agree with the OP.  I think ALL Dev's should be willing to submit to Verification Services and be held accountable for their actions.  I recall reading about you getting verified and hope you make the decision to do so, I cannot see why an honest developer would need to hide. 

[Argwai96]

Dev,
Will you be doing pod? I read you say in your whitepaper "you might get verified" . Why are you not doing pod? It only takes 3-4 days?

[jahras]

Hi, the dev is legit. If you read this thread then you'll think that too...

[charlieSeen]

Hi, the dev is legit. If you read this thread then you'll think that too...

Yeah right man.

I was thinking about buying some of these but wtf is up with the whitepaper? You have some very alarming things in here, that are so contradictory its screaming scam!

Allow me to expose you, and I await your reply.

First Alarm~

Why do you like to operate like that? Why don't you want to be open with your community?

Second Alarm~

If you don't want your community of users to be anon, why do you the devs get to be?

Third Alarm~

Let me get this straight, you understand being anon can hurt your coin and community? Who wrote this crazy scam writepaper? Has a bunch of bs about you floating around in my head

Forth Alarm~

Well, I guess you think everyone is just plain stupid huh? Looks like the whole community here is just stupid as heck to believe that this guy is legit after reading that whitepaper. You say in your whitepaper that you want to be transparent, but you are looking pretty contradictory in every sense.

After reading this, and seeing how you act in other threads as I was looking over your post history, I will be reporting this thread to coinssource and having them contact you to become verified. If you choose not to they will post that you declined, and will be broadcasted to the crypto community that you are being very shady.

[Gumbork]

Hi, the dev is legit. If you read this thread then you'll think that too...

Yeah right man.

I was thinking about buying some of these but wtf is up with the whitepaper? You have some very alarming things in here, that are so contradictory its screaming scam!

Allow me to expose you, and I await your reply.

First Alarm~

Why do you like to operate like that? Why don't you want to be open with your community?

Second Alarm~

If you don't want your community of users to be anon, why do you the devs get to be?

Third Alarm~

Let me get this straight, you understand being anon can hurt your coin and community? Who wrote this crazy scam writepaper? Has a bunch of bs about you floating around in my head

Forth Alarm~

Well, I guess you think everyone is just plain stupid huh? Looks like the whole community here is just stupid as heck to believe that this guy is legit after reading that whitepaper. You say in your whitepaper that you want to be transparent, but you are looking pretty contradictory in every sense.

After reading this, and seeing how you act in other threads as I was looking over your post history, I will be reporting this thread to coinssource and having them contact you to become verified. If you choose not to they will post that you declined, and will be broadcasted to the crypto community that you are being very shady.

haha what a good call out of the dev. I have a question, what is the dev doing with the huge premine of 100,000?

[EBK1000]

I will do the verification on Coinsource in the next few days. I just don't have any Bitcoins to pay for it right now.

I've been around for a while, here is copy of the Localbitcoins profile for now:


We are not working to make Bitz transactions anonymous, it's like Bitcoin or Litecoin. We are not going to develop Bitz along the lines of Dash etc.

I don't mind verifying my identity to trusted people, like Localbitcoins or Coinsource but I won't identify myself to the whole online community as I am sure you don't either. If you disagree then post your name, photo and home address.

The fact that Bitz transactions are anonymous in same way as Bitcoin without seeking to hide transactions is a separate issue from me not identifying myself to you. I use debit cards, bank accounts etc. I have no desire to stay anonymous as such. I have a job and pay taxes. I just think that trying to develop a crypto like Dash or others is counterproductive as when it really matters or if you use it for something really bad they will track you anyway.

I am open with the community but normal online caution apply. I will do the Coinsource though.

There is no premine. Please, where in the code is the premine?

I mined when it was launched and the 100,000 Bitz is for anyone that wants to contribute, it's not for me.

[WillyBTC]

I have been reading your post on multiple coin threads, including this one.  One thing is apparent, you have a chip on your shoulder and like bashing others coins.  I find it appalling that you post crap about peoples hard work, you spread FUD and insult people on their threads.  I got tired after reading it on 4 different coin threads.  Why is your demeanor different on your coins thread?  A little advice from another guy with a little time in crypto-  take care of your business and stop taking care of others.  I noticed it took you a few months to write a whitepaper AFTER the coin was released, well maybe you could have done it sooner if you weren't trying to be the JUDGE, JURY AND EXECUTIONER of everyone else.  It might help the value of Bitz and it could be worth more than 200 sats with low to no trading volume.

Just my 2 cents

[EBK1000]

I take the criticism onboard, but what I have come to realise is that this forum is full of fraud. I am not a fraud, you can think what you want.

What I realised is that Sr.member, jr.member and other accounts are bought and sold all the time. I followed a user that posted recently and found that his sole purpose on the forum was to trade accounts.

You simply do not know who to trust anymore.

I welcome constructive criticism of course and I do not have a moderated thread as I welcome free speech. What I get is vindictive behaviour which is to be expected and it's fine because anyone can see through it.

I will answer any criticism as far as I can and I will get verified.

I was annoyed at getting censored just for pointing out that the structure of the Bitstone ICO was like Paycoin.

[WillyBTC]

This is not about any one coin, you do it to a lot of coins.  And I read your thread about BitStone- I do believe that was corrected and you stated you would stop the FUD.  From what I can see, you started with additional FUD after that- you lied.  What about your criticism of Circuits- you accuse people of getting paid, state same developers, and ask for others to identify themselves.  More of the same on Twelve and the list goes on.  I do recall you asking Private Investors to Show their identity, but you will not.  I think you accomplished something with BitStone but you continue attacking it and Circuits.  Who would invest in a coin where the Dev is more worried about others coins and not his own.

[EBK1000]

This is not about any one coin, you do it to a lot of coins.  And I read your thread about BitStone- I do believe that was corrected and you stated you would stop the FUD.  From what I can see, you started with additional FUD after that- you lied.  What about your criticism of Circuits- you accuse people of getting paid, state same developers, and ask for others to identify themselves.  More of the same on Twelve and the list goes on.  I do recall you asking Private Investors to Show their identity, but you will not.  I think you accomplished something with BitStone but you continue attacking it and Circuits.  Who would invest in a coin where the Dev is more worried about others coins and not his own.

People will invest wherever they want I guess

[charlieSeen]

This is not about any one coin, you do it to a lot of coins.  And I read your thread about BitStone- I do believe that was corrected and you stated you would stop the FUD.  From what I can see, you started with additional FUD after that- you lied.  What about your criticism of Circuits- you accuse people of getting paid, state same developers, and ask for others to identify themselves.  More of the same on Twelve and the list goes on.  I do recall you asking Private Investors to Show their identity, but you will not.  I think you accomplished something with BitStone but you continue attacking it and Circuits.  Who would invest in a coin where the Dev is more worried about others coins and not his own.

People will invest wherever they want I guess

dev go ahead and get coinssource verified please. I think we have called you out to be pretty hypocritical of yourself. time is ticking, and the more time that goes by the more you look like an idiot. It took you months to write that pos whitepaper that is super scammish and shaddy. we need you to verify your developers too, how do we know you aren't just the same person on the other account? you said it yourself people buy accounts. the fact that you use that to try to defend yourself even sounds kinda scammish. its like you are waving a red flag saying you follow people that sell accounts, why would you EVEN say something like that. the bitstone dev is a newbie account, how does that look like they bought it. you are a flaming idiot bro.



HELLO PLEASE ADDRESS THIS PLEASE!!! I SPENT THE TIME READING YOUR WHITEPAPER AND WAS ABOUT TO INVEST. HOW DO YOU RESPOND TO THIS?

Hi, the dev is legit. If you read this thread then you'll think that too...

Yeah right man.

I was thinking about buying some of these but wtf is up with the whitepaper? You have some very alarming things in here, that are so contradictory its screaming scam!

Allow me to expose you, and I await your reply.

First Alarm~

Why do you like to operate like that? Why don't you want to be open with your community?

Second Alarm~

If you don't want your community of users to be anon, why do you the devs get to be?

Third Alarm~

Let me get this straight, you understand being anon can hurt your coin and community? Who wrote this crazy scam writepaper? Has a bunch of bs about you floating around in my head

Forth Alarm~

Well, I guess you think everyone is just plain stupid huh? Looks like the whole community here is just stupid as heck to believe that this guy is legit after reading that whitepaper. You say in your whitepaper that you want to be transparent, but you are looking pretty contradictory in every sense.

After reading this, and seeing how you act in other threads as I was looking over your post history, I will be reporting this thread to coinssource and having them contact you to become verified. If you choose not to they will post that you declined, and will be broadcasted to the crypto community that you are being very shady.

[Argwai96]

why haven't you gotten pod done yet dev?