Topic: Announcing ZiftrCOIN Release - page 14. (Read 106711 times)

Because, quite simply, you equated GoCoin with a cryptocurrency (not knowing it's a payment processing company). Beyond that, you say that you don't care about future plans...but that's what the entire speculation on Ziftrcoin is based on! The company's future plans! So what, exactly, was your research into Ziftrcoin before you bought in?

The company was 100% transparent about their intentions, with regard to the pre-sale. They were fundraising to pay for the development of the Ziftrverse ecosystem. Anyone who held their coins through the price drop after the initial pump lost money, yes...but they had the option of trading out of it during the expected ICO dump (which has happened with every single premined coin that has ever existed). They could have sold at a nice profit (there was plenty of time to do this, actually) and then bought back in much lower. So what, you think it's appropriate to blame Ziftr for not announcing more PR bluster to cause some kind of short-term pump? Maybe you think they should have handled it the way Garza and Paycoin did, and promise to pump the price for you? Give me a break.

Anyone buying into Ziftrcoin is doing it because they believe in the promise of what Ziftr (and now GoCoin) is building, and the concept of getting people to actively start using cryptocurrency by giving it away as an incentive, and minimizing volatility risk by ensuring consumers can get a guaranteed redemption value of $1/coin out of it (even if it's only for 5% of the purchase). It's experimental, and it's a speculative play to be sure, but from your comments I can see that you are in it for the short-term profit and are upset that you didn't get one...in spite of the fact that you don't know much about what they've got planned and don't particularly care. I can tell you this, though...they have much bigger fish to fry than to ensure that you or I make any money buying or selling Ziftrcoin. I'm in because I believe the ecosystem, if executed well, has the potential to change peoples' opinion of crypto and how it can work...and that will necessarily create profit for the coin holders.

I like how the rapid slide in price over the past 48 hours abruptly came to a halt (temporarily I assume) as soon as this topic was addressed.   Still feels like we're on track for 4000 or below in the next few weeks though.  I am glad I didn't partake in the presale,  I totally forgot about that!  Ouch.  I guess my minor 30% loss is not much to complain about really.   Going to hang on to my crumbs anyway, in case Ziftr / GoCoin somehow figure out how to deliver on their original plan.  

Nothing looks like PayCoin until it suddenly does.  

How so?  I've done plenty of research.  I don't really care about all these future plans and announcements.  More concerned about actual results.  It's been six months and basically nothing.  I remember when this coin was launched.  What has been accomplished since then?  The marketcap is currently less than 25% of the $878,695 raised in the pre-sale.  And more coins are being mined and dumped everyday.  Anyone that made an investment during the pre-sale would have suffered a 75% loss in under six months.  Where did the money go to besides paying themselves and buying stuff? 

This post, by itself, highlights how little research you've actually done into this company, its planned ecosystem and Ziftrcoin itself.


One could probably safely assume that they've been using it to continue to pay personnel and other related costs for developing their payment platform, API, maintaining and updating the coin/wallet codebases, etc... Plus, they'll need money for marketing and promotions, as well. This was a big "add on" to what their company was doing previously, when it was just "Ziftr" and wasn't doing any of this new stuff. Ziftrcoin was almost a way of crowdfunding the expansion plans and essentially made all of us stakeholders.

What have they used the $878,695 they raised in their pre-sale for?

http://www.prweb.com/releases/ziftrCOIN/022015/prweb12484576.htm

GoCoin, ironically, isn't a coin (nor do they have one yet). It's a Bitcoin (and Litecoin and Dogecoin) payment gateway. They're the third largest, behind BitPay and Coinbase, and provide crypto payment processing for quite a number of merchants. The most recent and newsworthy being movietickets.com.

At this point there are probably as many alt coins as there are words in the english language, so I wouldn't be surprised to learn that there's a similarly named coin. However, this is two companies that are merging (one of which happens to have a coin).

If you've got an Nvidia card, look for a release of ccminer supporting ZR5, preferably an older one, because they likely dropped support for something that old.

^{Highlighted in bold the 2 key points.}
It does not look like there is any "uber secret kickass GPU miner farm" out there. The nethash has been rock solid, always in the proximity of 1GH/s (+/- 20% at times, but usually even less variance). There's a neat bot on the IRC channel that lists all the pools and their hashrates, and adding them all up, you get a result that is always pretty much the same as the total nethash.
I do suspect (or know?) that there's a couple of miner software developers, each with their own improved versions, which most likely stand for - at most - a couple hundred coins being dumped every day. In any case, I don't see that any single participant is large enough to explain the market behavior.

Your second point is the key factor, in my view. The use case for ZRC is very well presented and I really like the concept, but, this use case is not realized yet. It is strictly not possible - yet - to use ZRC for its very core purpose.
I do hope that the Ziftr team gets there, and so far, I don't really have any reason to expect otherwise (apart perhaps from the altcoin history books  ).

I've just made a reddit post moments ago with a giveaway suggestion, that could perhaps help drive this point forward, at least in baby steps, while we wait for something of greater substance. Would very much welcome any feedback there: 
Ziftrcoin Giveaway suggestion

Cheers!

Well I dont know about making inroads,I just noticed I have 1200 GoCoin and there worth 30 sats,to be honest its really just two crap coins merging to make one bigger crap coin.All these coins that release millions up front are just rip offs,the next one is Neucoin wait and see 98% pre mine and sold out in hours

GoCoin has been making some solid inroads, they've got a pretty large number of merchants already signed up and using their payment processing services. Ziftr brings credit card processing to that mix, as well as security tech for transaction processing and the Ziftrcoin rewards/coupon concept. It adds value to GoCoin and gives them a competitive edge. I think pretty much everyone who has sunk some money into Ziftrcoin is just going to have to wait until all of those merchants are participating, the rewards/coupon thing is in play and we see how demand is affected. One would assume that when people "get it" on Ziftrcoin and see that they can get $1 of value from each coin (even if it's only up to 5% of the purchase) they might decide buying some on the exchanges at well below $1 is another way to save a little more money on their purchases. That should increase the value on the exchanges. What happens if and when it gets close to $1, we'll have to wait and see. Even so, if you're buying now with the intention of holding and seeing how it all plays out, you're looking at major gains if the concept gains traction. My suggestion is, just sit on it for a year or so and see where it goes.

Yes I just took a trip to the sites indicated by RoomBot above and there's a bunch of things to buy on them (though it seems to be a passthrough to Amazon, but with discounts), as well as a rewards points program, but no apparent way to involve ZRC ZiftrCoin in any of this.  They hardly even mention it exists, though I saw the press release (with the link that is broken now)  about ti GoCoin / Ziftr merger.  I never heard much about GoCoin  prior to that press release though.  So many places all doing the digital wallet thing all at once now,  market is getting crowded quick.    Hope Ziftr can gain some of that mindshare before the market makes up its mind on who the winner and who the runner up are,  because there's not much room for anything after 2nd place in these battles. 

These seem to be active:

http://www.ziftr.com/shop/

http://www.ziftr.com/all/automotive/   etc....

Ziftrcoin won't be useful at retail until Ziftrpay and the merchants that use it are in full operation, which hasn't happened yet. Ziftr is in the midst of completing a merger with GoCoin, in which the two will merge their technologies into a new, potentially leading payment processor in the crypto space. Part of that ecosystem is the use of Ziftrcoin as a coupon/incentive, a way for merchants to give back a loyalty bonus to customers, etc... But it's all still in the works, nothing has launched yet. Ziftrcoin is just getting established with a network to run it and exchange trade. It's going to take time, especially something on the scale of the "Ziftrverse" they have planned.

One would think that Ziftr itself would start accepting it first, but that hasn't happened as of yet. Company representatives continue to say they still see Ziftrcoin as a core component of what they're planning on doing with Ziftrpay though, so I think it's just a matter of time. This one was never going to be a quick pump and dump and I think it's fortunate that nobody has actually chosen to do that to it, to this point. Could sour people on the coin before the whole ecosystem is even close to being ready.

Sigh.  I bought a bunch of these ZRC a couple months ago with only very casual research, which was of course a mistake.  The general ecosystem ideas for a new spin on coupon and loyalty incentives outlined in the roadmap looked unique enough to have potential but I didn't look much deeper than that, and I noticed the coin has had almost no reaction to the various pumps and rallies that Bitcoin, Litecoin and most other alts experienced, which also seemed interesting to me as well.   

I thought it was worth a shot, but at this point I am starting to realize that all I did was I give free money to whoever has the uber secret kickass GPU miner farm that keeps relentlessly dumping these things on the markets. Been doing this stuff for years but still trip myself up in the altcoin shuck and jive game now and again.

Since I'm buried at this point I thought I might as well try to use ZRC for its stated purposes as a loyalty points incentive token. 

Does anyone know where to start with this?  I have about 3,000 ZRC, it's not worth much (not anymore at least) but should be enough to run through a test case or two in an online store that is set up to work with ZiftrCoin. 

Anyone here had luck trying this yet?  What are some good places or services you've used that I can try out actually using ZRC?

Good day!
I have read this: https://www.ziftrcoin.com/what-is-ziftrcoin/coin-specifications/ and found this "To be given away to users via promotions
100 coins to first 1 million users" I belive that I am in the first 1 milion user how can I redeem the 100 ziftrcoins?
Thanks!

@cjambox:

Compute 2.1 is very old by any standards, and in fact, the likely performance would be so poor, that if it ever worked, it would hash slower that your average modern CPU. I very much doubt that you'll get anyone to support this request, but anyhow, best of luck...

can someone make this miner https://github.com/ZiftrCOIN/ccminer compute capability 2.1 capable ? support is ended by the dev as you see

Viralcoin is a nice way to promote this coin.

If you want gimmicks, or proof of stake, you want a different crypto than Ziftrcoin.

Giving Ziftrcoin away as an incentive and encouraging its use as a "digital coupon" is all the promotion it will need. This idea that it needs "community" (lots of users here and on Reddit) to succeed is wrong. It needs users (actual users, not hoarders), and they have a good plan for achieving that.

I love this coin.  They just merged with the payment processor "GoCoin".  You are able to buy movie tickets with btc through them. There has been a 230 some % jump in hits on Google. The first movie you can pay with btc is called "Dope".  Watch the coin price rise! Go ZRC!