[BITZ] The Only 10% PoS Crypto to have

[EBK1000]

There were no cheap scams at that time. Now there are plenty of cheap scams and you probably got burnt and thats why you are angry.

[EBK1000]

I do not think you are telling the truth and I want you to PROVE you did not get those INSTAMINE coins  -- or you are considered GUILTY by your own thinking/reasoning

Never burned by cheap scam -- I am helping my fellow crypto guys by exposing you

As I said, I rented a few X11 rigs at Miningrigrental leading up to the launch and I mined at https://bitz.suprnova.cc/ after the launch under my name EBK1000 (not anonymous), you can see posts from that time stating that I am mining under my name. I rented a good hash rate of rigs and I got my portion of the coins from the pool. I rented several rigs to mine as I wanted to secure a decent amount of coins. I chose to mine like everyone else and I did not have an ICO. I mined to get coins so that this could potentially be used for development of the coin.

I did get a portion of first 1000-2000 blocks through Suprnova.cc but but as I said there were between 40-60 miners. I mined for around 4-5 days I guess and got maybe 50,000 Bitz. Then I started buying Bitz from YoBit and then from C-Cex.

I am not hiding anything. It was a fair launch.

[fartbags]


{
"blocks" : 12,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : {
"proof-of-work" : 0.00024617,
"proof-of-stake" : 0.00024414,
"search-interval" : 0
},
"blockvalue" : 3500000000,
"netmhashps" : 0.00056844,
"netstakeweight" : 0.00000000,
"errors" : "",
"pooledtx" : 0,
"stakeweight" : {
"minimum" : 0,
"maximum" : 0,
"combined" : 0
},
"stakeinterest" : 10000000,
"testnet" : false
}

@shadow runner was around at block 12. Maybe they mined all the quickly mined coins.

[fartbags]

Ok, over 2300 blocks instamined, I guess Shadow had his fun

Suprnova is now up too

A little.



Now time for rented hashes. 

@Shadow_Runner says he got a little of it.

So it looks like there was 2300 blocks mined really quickly because of the malfunctioning difficulty adjustment algorithm

[fartbags]

I only got 15 blocks solo.

This person claims to have gotten 15 blocks.

[EBK1000]

Ok, over 2300 blocks instamined, I guess Shadow had his fun

Suprnova is now up too

A little.



Now time for rented hashes. 

@Shadow_Runner says he got a little of it.

So it looks like there was 2300 blocks mined really quickly because of the malfunctioning difficulty adjustment algorithm

I told you before, I think that Shadow Runner was solo mining from the go and he's probably got a good portion of the initial coins.

[EBK1000]

Blocks 1-4 was mined by someone else to test before launch as we had two failed launches before. You can see this from the block chain.

[EBK1000]

I'm out to the shops, later 

[bensam12345]

btw- I am going to delete my own post because my intentions are not to harm your coin.  

I think I deleted most if not all of my own post

If I missed any please let me know

[fartbags]

If you look back, you will see that we have spent some time getting here and we will be on Bittrex soon and have a new wallet etc. Android is to follow soon etc. From Bittrex follows merchant integration. Whatever you may think about an instamine or not it should be obvious that this is not all done to just dump a few coins at the first opportunity.

I get a feeling that this coin will have good success.

The coinsource rating is higher than a lot of the coins that they rate

[rahmad2nd]

Wow nice to see coinsource accept BITZ

[fartbags]

Does someone want to sell me their BITZ?

There isn't many for sale on either exchange.

[jahras]

There is some on c-cex. Get in while you can. lol

[EBK1000]

Does someone want to sell me their BITZ?

There isn't many for sale on either exchange.

You should have gotten some before, Bitz are up to 1200 Sats at the moment, but you have lots so don't worry. I reckon there will be a lot of people dumping if the price goes up and then the price will drop before going up again.

[fartbags]

There is some on c-cex. Get in while you can. lol

Oh someone just put up 50,000 coins for sale. Wow. That's so much. Now if only I can get them to lower the price of those coins!

[jahras]

There are wallets, some of the biggest wallets too, that have shown no change for months. I wonder what these people are doing with their Bitz, there're not even staking.

[fartbags]

There are wallets, some of the biggest wallets too, that have shown no change for months. I wonder what these people are doing with their Bitz, there're not even staking.

They're probably holding until:

1st Development Cycle (May – August 2015)
Additional ‘master node’ and second block explorer
Two Factor authentication for desktop wallets
Dual Mode wallet (switch between basic and advanced mode)
Updated wallet functions and information
Bitz added to Bittrex, Cryptopia and Cryptsy


or maybe until:

2nd Development Cycle (September – December 2015)
Improved security and updated block-chain checkpointing
Network Broadcast Function – Secondary Reward System
BitzIdent block-chain identification protocol
Compressed block-chain download for new installations


or maybe even all the way until:

3rd Development Cycle (January – April 2016)
Proprietary secure web wallet
Automatic backup to web server
Android Wallet



This could really be a $250,000 marketcap coin in April 2016.

[EBK1000]

I have been sent the following as a PM but felt that I should share it as many may have the same concerns:

"ATM, Bitz has no practical use. Is there anything in the pipeline to change this?

I want to buy more Bitz but can't see why I should being that all I can do with it is hold or sell. EBK, so far you have proven to be very dedicated to this project and everyone can see that.

Now is the time to make this more than just another speculative alt. I want to be able to pay for stuff with Bitz.

If so many users here are willing to part with their BTC based on what is proposed by unknown devs, I think whatever you come up with should generate a lot of excitement and you'll be trusted to deliver based on your reputation so far."

ANSWER:

There are two strands to this; one is that we need a solid infrastructure and network. We are achieving this and so far the network has been stable and everything appears to work as it should. Most of the things we are working on is to further security and stability and some minor changes to the wallets. This will help to get Bitz accepted by payment processing providers.

The second thing is liquidity; I have been in contact with merchants, like for instance the LiteGroup who runs Litepaid.com and others that can incorporate Bitz in a payment processing system. They are very positive to Bitz and will gladly integrate Bitz. The barrier is liquidity. All the payment processing systems / providers appear to rely on Bittrex and Cryptsy and so Bitz needs to be listed on Bittrex and Cryptsy or at least one of them before we can integrate Bitz into payment systems. This is only a matter of time. One step towards Bittrex listing is the Coinssource verification that I just did. Now, it seems like there is some movement at C-Cex and the price is a bit up. This is good news and I will continue to push to get Bitz listed on Bittrex.

Once Bitz is on Bittrex I can definitely get Bitz integrated into payment processing systems so that it will be usable to buy things. We are also at the moment working to get Bitz integrated on https://coinomi.com/ which will give Bitz an Android and iOS wallet and will integrate with Shapeshift. But this depends on listing on Bittrex so this is what I am trying to do. I would hope that the Coinomi wallet would be out in the next month but there are a couple of things to sort out.

I am also in the process of preparing a "press release" and I will send it around to some news sites and this will again help to put pressure on Bittrex to list Bitz.

I will update further...things are in the pipeline...but bare in mind that we are only 2 people with day jobs so be a little bit patient...

[EBK1000]

If you have any technical issues please post it to the Bitz forum support thread to keep it clean and organised:

http://forum.bitz.biz/index.php?board=2.0

[jahras]

I have been sent the following as a PM but felt that I should share it as many may have the same concerns:

"ATM, Bitz has no practical use. Is there anything in the pipeline to change this?

I want to buy more Bitz but can't see why I should being that all I can do with it is hold or sell. EBK, so far you have proven to be very dedicated to this project and everyone can see that.

Now is the time to make this more than just another speculative alt. I want to be able to pay for stuff with Bitz.

If so many users here are willing to part with their BTC based on what is proposed by unknown devs, I think whatever you come up with should generate a lot of excitement and you'll be trusted to deliver based on your reputation so far."

ANSWER:

There are two strands to this; one is that we need a solid infrastructure and network. We are achieving this and so far the network has been stable and everything appears to work as it should. Most of the things we are working on is to further security and stability and some minor changes to the wallets. This will help to get Bitz accepted by payment processing providers.

The second thing is liquidity; I have been in contact with merchants, like for instance the LiteGroup who runs Litepaid.com and others that can incorporate Bitz in a payment processing system. They are very positive to Bitz and will gladly integrate Bitz. The barrier is liquidity. All the payment processing systems / providers appear to rely on Bittrex and Cryptsy and so Bitz needs to be listed on Bittrex and Cryptsy or at least one of them before we can integrate Bitz into payment systems. This is only a matter of time. One step towards Bittrex listing is the Coinssource verification that I just did. Now, it seems like there is some movement at C-Cex and the price is a bit up. This is good news and I will continue to push to get Bitz listed on Bittrex.

Once Bitz is on Bittrex I can definitely get Bitz integrated into payment processing systems so that it will be usable to buy things. We are also at the moment working to get Bitz integrated on https://coinomi.com/ which will give Bitz an Android and iOS wallet and will integrate with Shapeshift. But this depends on listing on Bittrex so this is what I am trying to do. I would hope that the Coinomi wallet would be out in the next month but there are a couple of things to sort out.

I am also in the process of preparing a "press release" and I will send it around to some news sites and this will again help to put pressure on Bittrex to list Bitz.

I will update further...things are in the pipeline...but bare in mind that we are only 2 people with day jobs so be a little bit patient...

Ok, off to buy more Bitz