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Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 11. (Read 1009331 times)

member
Activity: 364
Merit: 13
Killing Lightning Network with a 51% Ignore attack
Do you really think that Zeit coin will be 1$ in future bze i see its a long way to reach that price and way way behind - to make that practical apart from the features that are shared above what other advantages has ZeitCoin had - if you could share some of your concrete plans why investors should invest in Zeit and what makes this coins so special other than its peer coins would be nice to know - Transparency would bring Zeit community and investors know the value and they can buy it

If you believe that someone paid over $7000 for a bitcoin , which in multiple aspects is inferior to ZEITCOIN.

Why a target price of $1 per zeitcoin in time , does not seem like a stretch to me.
The real question is the amount of time , and that includes factors such global acceptance of crypto as a payment system, of which no single individual has control over.

You should buy a coin based on your personal observations and not defer that to someone else.
Because at the end of the day , it is your personal choices of when to buy / hold / sell that will determine your individual gains or loss.  

As far as peer coins, you have to be more specific , if you want a detailed comparison.
Compared to PoW coins,   Zeitcoin is Energy Efficient, our network maintenance cost is constant verses PoW networks maintenance costs which grow exponentially  
Compared to PoS coins,    Zeitcoin has ultra low inflation , which over time provides more price stability
Compared ICO Tokens ,    Zeitcoin is not dependent on a 3rd party blockchain for it's survival

General Qualities,
Higher Onchain Transactions Capacity
Affordable for use as a payment system
Decentralized  
newbie
Activity: 180
Merit: 0
As everyone knows Lightning Network is supposed to make bitcoin transactions affordable.

But when you dig into it the question become more affordable than what.

Current comparison

Most Lightning network hubs charges a default base fee of $0.06 US
so to complete a LN offchain transaction will cost you a
minimum of $0.06 US if you only need 1 hub
minimum of $0.12 US if you only need 2 hubs
minimum of $0.18 US if you only need 3 hubs
minimum of $0.24 US if you only need 4 hubs
minimum of $0.30 US if you only need 5 hubs

Now let's compare than with ZEITCOIN's ONCHAIN Network
Cost is usually .1 zeitcoin which currently equals $0.0000025 US
So to complete a Zeitcoin Transaction
the cost is $0.0000025 US

As you can see it is not even in the same ballpark, Zeitcoin transactions are more affordable than LN by a factor of 24000 X .  Cheesy

So the question becomes , ok well when zeitcoin reaches $0.50 per zeitcoin
then the cost is $0.05 US (still cheaper than LN)

Ok , next level When Zeitcoin reaches $1 per zeitcoin, and the majority of you that read this are multimillionaires.  Wink
then the cost is $0.10 US (still cheaper than LN needing 2 hops)

In LN, you are looking at possibly up to 2 weeks maximum wait time for complete ownership of your newly acquired funds. (when you close your LN Channel)

In ZEITCOIN, you only need to wait 25 minutes for 50 confirmations to feel secure in your ownership of the money you received.

One of the reason ZEIT is the Future and Bitcoin/LN are the past.

The ZEITCOIN Network is Currently 24000X more affordable than LN.

Do you really think that Zeit coin will be 1$ in future bze i see its a long way to reach that price and way way behind - to make that practical apart from the features that are shared above what other advantages has ZeitCoin had - if you could share some of your concrete plans why investors should invest in Zeit and what makes this coins so special other than its peer coins would be nice to know - Transparency would bring Zeit community and investors know the value and they can buy it
copper member
Activity: 449
Merit: 2
web3 developer | Youtuber
Price & Maket Cap update : July 12, 2018



Price : $0,000056 USD (9,80%)
Market Cap : 338 BTC
Date : 30/08/2018
Price $0.000044 USD
Increment 33%
0.00000059 LTC = 1 ZEIT.
Market Cap
$1,634,970 USD
233 BTC
seems good but not satisfied  Wink
member
Activity: 364
Merit: 13
Killing Lightning Network with a 51% Ignore attack
Looks cool. ZEITCOIN is certainly a very promising project. I see a great deal of positivity in the Zeit community.



Be Like Water, and Fight for your Right to ZEIT!   Smiley
member
Activity: 392
Merit: 11
As everyone knows Lightning Network is supposed to make bitcoin transactions affordable.

But when you dig into it the question become more affordable than what.

Current comparison

Most Lightning network hubs charges a default base fee of $0.06 US
so to complete a LN offchain transaction will cost you a
minimum of $0.06 US if you only need 1 hub
minimum of $0.12 US if you only need 2 hubs
minimum of $0.18 US if you only need 3 hubs
minimum of $0.24 US if you only need 4 hubs
minimum of $0.30 US if you only need 5 hubs

Now let's compare than with ZEITCOIN's ONCHAIN Network
Cost is usually .1 zeitcoin which currently equals $0.0000025 US
So to complete a Zeitcoin Transaction
the cost is $0.0000025 US

As you can see it is not even in the same ballpark, Zeitcoin transactions are more affordable than LN by a factor of 24000 X .  Cheesy

So the question becomes , ok well when zeitcoin reaches $0.50 per zeitcoin
then the cost is $0.05 US (still cheaper than LN)

Ok , next level When Zeitcoin reaches $1 per zeitcoin, and the majority of you that read this are multimillionaires.  Wink
then the cost is $0.10 US (still cheaper than LN needing 2 hops)

In LN, you are looking at possibly up to 2 weeks maximum wait time for complete ownership of your newly acquired funds. (when you close your LN Channel)

In ZEITCOIN, you only need to wait 25 minutes for 50 confirmations to feel secure in your ownership of the money you received.

One of the reason ZEIT is the Future and Bitcoin/LN are the past.

The ZEITCOIN Network is Currently 24000X more affordable than LN.
Looks cool. ZEITCOIN is certainly a very promising project. I see a great deal of positivity in the Zeit community. But I think that Bitcoin will remain the market leader for a long time.
member
Activity: 364
Merit: 13
Killing Lightning Network with a 51% Ignore attack
Exchanges Status Pairings
altilly  Syncing LTC / Doge / ETH
BiteBTC  Online       BTC / LTC
CFINEX  Online       BTC
CoinExchangeOnline BTC / DOGE / ETC
NovaExchangeOffline BTC / LTC / DOGE / ETH
SouthXchangeOnlineBTC / DASH / LTC / USD
TradeSatoshiOnline BTC / BCH / LTC / DOGE / ETH



Warnings No Deposits or Withdrawals
Yobit  Over 2 Years      
Cryptopia  Over 65 Days





New Exchange
https://www.altilly.com
(Based out of Hong Kong)
Trading markets will be for LTC / DOGE / ETH  ,
*They are Syncing with the BlockChain.*

member
Activity: 364
Merit: 13
Killing Lightning Network with a 51% Ignore attack
SouthXchange has been rock solid.

Nothing compares Coinexchange and Cryptopia volume and liquidity.

Your choice, what is more important to me is the ability to remove my zeitcoins from an exchange upon purchase.

Qan
jr. member
Activity: 159
Merit: 1
In my opinion of course.
Qan
jr. member
Activity: 159
Merit: 1
SouthXchange has been rock solid.

Nothing compares Coinexchange and Cryptopia volume and liquidity.
member
Activity: 364
Merit: 13
Killing Lightning Network with a 51% Ignore attack
SouthXchange has been rock solid.
Qan
jr. member
Activity: 159
Merit: 1
TradeSatoshi keeps going out of sync.

And cryptopia was our star exchange, but thank God for Coinexchange.
newbie
Activity: 112
Merit: 0
Can you please tell me if other people can also force Trade Satoshi to update their wallet?
member
Activity: 364
Merit: 13
Killing Lightning Network with a 51% Ignore attack
Is 50 confirmation also a standard for non exchange transactions? Is it not 4 ?

50 confirmations are the recommended wait time for exchanges due to the large monetary amounts that can be transferred.

But the Zeitcoin wallet receiving the coins only requires 4 confirmations(2 minutes) before allowing you to spend those coins.

It is like this, if you are buying something for less than $20 then 4 confirmations (2 minutes) are fine.

If you are accepting hundreds or thousands of $ worth of Zeitcoins, then waiting 50 confirmations (25 minutes) are recommended.
Qan
jr. member
Activity: 159
Merit: 1
As everyone knows Lightning Network is supposed to make bitcoin transactions affordable.

But when you dig into it the question become more affordable than what.

Current comparison

Most Lightning network hubs charges a default base fee of $0.06 US
so to complete a LN offchain transaction will cost you a
minimum of $0.06 US if you only need 1 hub
minimum of $0.12 US if you only need 2 hubs
minimum of $0.18 US if you only need 3 hubs
minimum of $0.24 US if you only need 4 hubs
minimum of $0.30 US if you only need 5 hubs

Now let's compare than with ZEITCOIN's ONCHAIN Network
Cost is usually .1 zeitcoin which currently equals $0.0000025 US
So to complete a Zeitcoin Transaction
the cost is $0.0000025 US

As you can see it is not even in the same ballpark, Zeitcoin transactions are more affordable than LN by a factor of 24000 X .  Cheesy

So the question becomes , ok well when zeitcoin reaches $0.50 per zeitcoin
then the cost is $0.05 US (still cheaper than LN)

Ok , next level When Zeitcoin reaches $1 per zeitcoin, and the majority of you that read this are multimillionaires.  Wink
then the cost is $0.10 US (still cheaper than LN needing 2 hops)

In LN, you are looking at possibly up to 2 weeks maximum wait time for complete ownership of your newly acquired funds. (when you close your LN Channel)

In ZEITCOIN, you only need to wait 25 minutes for 50 confirmations to feel secure in your ownership of the money you received.

One of the reason ZEIT is the Future and Bitcoin/LN are the past.


I do think however a fixed percentage with a max cap is the way to go. Zeitcoin is way ahead of it's time and it should implement futuristic features.

Is 50 confirmation also a standard for non exchange transactions? Is it not 4 ?
member
Activity: 364
Merit: 13
Killing Lightning Network with a 51% Ignore attack
As everyone knows Lightning Network is supposed to make bitcoin transactions affordable.

But when you dig into it the question become more affordable than what.

Current comparison

Most Lightning network hubs charges a default base fee of $0.06 US
so to complete a LN offchain transaction will cost you a
minimum of $0.06 US if you only need 1 hub
minimum of $0.12 US if you only need 2 hubs
minimum of $0.18 US if you only need 3 hubs
minimum of $0.24 US if you only need 4 hubs
minimum of $0.30 US if you only need 5 hubs

Now let's compare than with ZEITCOIN's ONCHAIN Network
Cost is usually .1 zeitcoin which currently equals $0.0000025 US
So to complete a Zeitcoin Transaction
the cost is $0.0000025 US

As you can see it is not even in the same ballpark, Zeitcoin transactions are more affordable than LN by a factor of 24000 X .  Cheesy

So the question becomes , ok well when zeitcoin reaches $0.50 per zeitcoin
then the cost is $0.05 US (still cheaper than LN)

Ok , next level When Zeitcoin reaches $1 per zeitcoin, and the majority of you that read this are multimillionaires.  Wink
then the cost is $0.10 US (still cheaper than LN needing 2 hops)

In LN, you are looking at possibly up to 2 weeks maximum wait time for complete ownership of your newly acquired funds. (when you close your LN Channel)

In ZEITCOIN, you only need to wait 25 minutes for 50 confirmations to feel secure in your ownership of the money you received.

One of the reason ZEIT is the Future and Bitcoin/LN are the past.

The ZEITCOIN Network is Currently 24000X more affordable than LN.
member
Activity: 364
Merit: 13
Killing Lightning Network with a 51% Ignore attack
Good afternoon. I have a bad suspicion that the coin developers just gave up and threw a coin. $ 223 per day the volume is ridiculous. I wish everyone good luck.

I have a suspicion that wenwen has done absolutely nothing to support zeitcoin.


And I wish he would sell all his zeitcoins as since he does nothing to help , his opinion is worthless.   Wink


@wenwen, why the hell do you even own any zeitcoins , you think so poorly of it ,
then sell your coins and Good Bye.  Kiss
sr. member
Activity: 728
Merit: 251
Good afternoon. I have a bad suspicion that the coin developers just gave up and threw a coin. $ 223 per day the volume is ridiculous. I wish everyone good luck.

Europe Users
Quote
https://novaexchange.com/news/
2018-08-06 16:20 - More and more deposits...

As announced we open for deposits in more and more different assets every week now.
Check this weeks list for your favourite coin (Deposits open in the afternoon of 7 august, Central European Time):

ZEIT



Smiley
member
Activity: 364
Merit: 13
Killing Lightning Network with a 51% Ignore attack
For New Users or Exchanges that need to get in Sync

Latest ZEITCOIN Snapshot 8-10-2018
https://bitcointalksearch.org/topic/zeit-community-knights-ultra-low-inflation-micro-payments-487814


Latest ZEITCOIN Bootstrap.dat  8-10-2018
https://bitcointalksearch.org/topic/m.31894202
member
Activity: 364
Merit: 13
Killing Lightning Network with a 51% Ignore attack
Europe Users
Quote
https://novaexchange.com/news/
2018-08-06 16:20 - More and more deposits...

As announced we open for deposits in more and more different assets every week now.
Check this weeks list for your favourite coin (Deposits open in the afternoon of 7 august, Central European Time):

ZEIT



Smiley
newbie
Activity: 51
Merit: 0
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