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 .
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.
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.
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 .
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.
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
