Topic: [ANN] Zimstake (ZS) - PURE POS - No IPO / PreMine - SHA-256 - page 36. (Read 152407 times)

Later which evening? It's not very clear.

maybe CG is away couse he is in the middle of the deal making contract with ROCKSTAR, and we could buy GTA franchise with ZS

A few days ago being in the top 20 meant you had almost 50K ZS
Today you need almost 60K ZS to be in the top 20.

Top wallets are still buying.

I also see he is a quiet dev or "behind the scenes" as SrsCrypto said. Look at his posts. He rarely posts and when he does its about new releases, features, and information. He isn't flashy or loud.

I do see your point uki with the POS. Yes meant to provide stability, but we are still in the infancy of crypto so its ALL speculation markets. Its about who has something new, who's louder, cuter, has more colors and everyone flocks to it for a few hrs, days, maybe a few weeks and its on to the next. Its unfortunate and amazing because in order to be successful you must continue to DEVELOP or be beat to the ground by a hoard of money hungry nerds .

The successful few Alts are ones with large SUPPORTIVE communities, and continuous development. I think this is the point Uki is trying to get across. which I think exists here.


We will see soon what happens

I am with SrsCrypto on this. Not because I am a bag holder. I am not. I mined ZS at the start so I am still in the green, even at 1000 sats. I support SrsCrypto because I have come to known CG over a last number of months as someone that will not just bail on the community or his coin. CG is a committed and skilled dev. This is just his style and if you don't like it sell and move on to coins that hype with empty promises and features that do not work. There you can p&d and become bag holders.

There are 2 options.

1. CG does not return, but that would be because of the community's hate speech towards CG and not because he bailed on the coin. Maybe the community's attitude got him pissed off big time to the extent that he stuffed everything. I would completely understands this because why work hard and sacrifice personal time and family life for a selfish community that does not like his style? Perhaps with this option he can say FU and let the whiners become bag holders because the community told him FU and showed him the finger. If he does not return it is the community's own fault. (Unless of course something bad happened and a bus ran him over)

2. CG returns and continues with his coin, development and plans. (if he decides to eat up the community's $%#^$).

I would go with option 2, because MP was never part of the strategy but the community forced a MP listing because they thought they could get a p&d and make a quick buck. Everybody knows that coins that go to MP gets dumped. ZS does not need anything but Bittrex. Bittrex is becoming the superior exchange in anyways. In his own words he said if you don't like surprises, then sell off. ZS is not there to make a quick buck. I am going to say another controversial thing: Mining with Bitcoin ASICs cost a lot of money especially if you own ASICs - which probably places this community at a certain level of maturity including financial maturity. So mining a few coins and nothing comes of it is no big deal. Those top accounts have probably done the same as I did by just parking and staking their coins for later until CG is ready, they probably do not have to sell because they don't need to. I am parking my ZS - if CG returns great, if he doesn't also fine.

Maybe there are some people that put a lot of BTC in it at 10k. But those obviously did not follow the rule of don't invest what you cannot afford to lose. They are probably the ones that screamed for a listing and paid for MP votes to dump on a rise.

^^^

i already have but you ignore my post completely and only reply to the part about comparing coins.

Anyway 'your opinion' that its because the dev's lack of clarification is wrong in my opinion, because it has been like this since day one.
Its not as if CG suddenly got inactive, he's always been busy behind the scenes.
So thats why you statement and arguement are false that its due to his absence.
Its due to people expecting a rise, and a chain reaction dump after that.

Twist it however you want..

Sry uki, I know were palls and are in the same project together but I have to disagree. If you look at the post from CG he says "congrats this is what the community wanted" referring to the Mintpal listing. Im sure he knew that ZS was going to be dumped. In reality the dumping started a week before, although slowly. then 24hrs to listing it started getting worse. I don't fault CG for it. I do understand he is busy, with work, personal life, ect. AND from what I have heard about ZM 'features"    I don't think he is abandoning this project. Im sure others who know him better will agree. Hence the top 100 wallets getting bigger.


I do wish he would pop in and say "hey, im alive..." but I don't think he's gone.

Just wish I had more BTC to buy this low...

I also invite you to re-read my posts above.
I am not spreading anything, just expressing my own opinions, strengthened with the arguments outlined there.
I am not telling anyone what to do, never claimed that.
If you disagree with me, try to provide your arguments in similar way, red font is not needed.
For now EOT for me. Let's see where the coin is in 3 months time from here.

You can compare whatever you want, im just stating that just because one coin does one thing doesnt mean the next one will do the same. Thats not how it works.


This is complete bullshit, then why have the dumps occured now and not earlier? When there were times with much more silence.
Its because of EXPECTATIONS.

You are really talking crap mate, CG was here and active on IRC and BTCTALK when the dumps were taking place.

So its ridiculous to state that they happened because of him not being around or being silent.

You are just spreading Fear, uncertainty and doubt. So you are not helping ZS at all...not even a little bit.

Please re-read my entire last post again.....im tired of having to repeat myself all day over and over again.

Sorry, but why I cannot compare different coins? Everybody should, as coins are developed to be an alternative to fiat in long-term, and we should see what has been done wrong in order to improve further coins that will be developed tomorrow, day after tomorrow, etc. That is how crypto currencies work. Many of coins developed in the last six months have extremely similar specs and thus comparisons are possible and more than justified. That is why you have all these coin ranking pages. And now you say it is invalid, one shouldn't do that. Why?
 
Drop in the price has relatively little to do with being listed on mintpal, it is rather lack of clear statements from dev (apart from short, I will post something tonight, few days ago) about the future of the coin in last two weeks that ignited the price drop to where we are now.  

Please stop promoting your coins in our channel and topic, stay ontopic like you want to in your own topic.



You say many of us but how many votes do you see in coinpayments? Most "investors" are only out for personal profit and are too lazy to even vote, but have all the time to come whine in here.



Your logic is not logic, sorry. But many coins have come and passed, you cannot compare all these coins to eachother.

I would like to ask you this: Howcome people thought the price was worth 8k before mintpal, and howcome now they think its not worth 8k anymore?

It has nothing to do with the dev, or features or whatever..its all market speculation...everyone kept expecting a dump after mintpal....so thats what they did.
Cmon these are basics of crypto and everyone who is in crypto should know these things.

Now that they got out-dumped before they could sell themselves they all are after te dev and blaming him.
People got unpatient and sold, why? Because they were waiting for a pump after mintpal add.
So instead of blaming the dev or anything, its investors who have no patience or were expecting a cheap pump.

But anyone who knows CG or ZS will know this is not a P&D coin.

Now i dont blame anyone for trading or selling or whatever, each makes his own choices.

But its clear from the buysupport and orders that we have seen the last couple of days that some people have lost patience/trust and sold off there zimstake.

Which you can see in two ways; cheap coins or dump to death.

I think its not hard getting trust back, because there was NO reason at all to let the trust go....
If and when CryptoGir comes back and keeps on doing what he did he can restore the trust very easily.

Also a big benefit is that he NEVER released any of the plans, and THIS is exactly WHY.
We kept saying mintpal is NOTHING but another exchange, people were deaf to these words.
Now, lets see CG return and get this coin going again!

forgive me for going OT here... did anyone put a pool up for sovereign please?
bounties still available.

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!!!

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.

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...

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

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.  

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.

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.