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Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 120. (Read 1009334 times)

newbie
Activity: 51
Merit: 0
 Zeitcoin (ZEIT)
$0.000001 (-90.26%)

we are unhappy for this price...
member
Activity: 105
Merit: 10
Is it possible to run the zeit wallet on a raspberry pi3 running ubuntu?

1st guess would be No.

ZEIT requires over 1 gig of ram , and the Pi3 only comes with 1GB RAM .

I would say it would have to have at least 2 gig of ram to even try.


 Cool

Ahh yes thanks Kiklo
legendary
Activity: 1092
Merit: 1000
Is it possible to run the zeit wallet on a raspberry pi3 running ubuntu?

1st guess would be No.

ZEIT requires over 1 gig of ram , and the Pi3 only comes with 1GB RAM .

I would say it would have to have at least 2 gig of ram to even try.


 Cool
member
Activity: 105
Merit: 10
Is it possible to run the zeit wallet on a raspberry pi3 running ubuntu?
hero member
Activity: 938
Merit: 1000
Crypto-missionary to the Kingdom of Rhegged
legendary
Activity: 1092
Merit: 1000
Details needed are
ISP Type : Cable or DSL or Fiber
IP  :  Static or Dynamic (If a dynamic address is fairly stable ,meaning it rarely changes it's ip address , that would be acceptable)
Number of ZEIT you will be staking in an ZEIT Address, (This is also where the monthly payment will be sent.)
OS : Windows or Linux or Mac
Is it a standard PC or a VPS ?

After Ray checks off on going Ultra Low Inflation, and releases a schedule for the update.
About 1 week before it goes live , I will post the above questions and people can PM me their answers,
From their I will choose 8 to be paid nodes.  Smiley

 Cool
full member
Activity: 181
Merit: 100
@msdoter7

In reference to the incentive to stake question.

The Knights will have to stake to protect their investment.

I will pay 250,000 ZEIT every month to 8 nodes (non knights) that will stake 24x7.

In addition , the ZEIT Joust Game will pay out a 120,000 ZEIT per week to the three addresses that win the Block Joust.
(Anyone can win, even exchanges)

So is this not enough incentive to stake, plus the facts the price of the coin will no longer go down in price only Up.

So those that do accept the 250,000 per month, if they wait til ZEIT reaches a penny would have received $2500 for staking monthly.  Cheesy

One year of doing this will cost me ~42 million ZEIT directly out of my pocket and I will do it gladly so we can defeat BTC.
And if needed, I have enough coins to go a 2nd year, before it would compromise my status as a Knight.

So msdoter7 what do you think?

 Cool

I can run a wallet 24/7 on a spare pc.  Is there anything else needed besides running the wallet or any special requirements?
legendary
Activity: 1092
Merit: 1000
Lets try .it will be interesting to see what will happen next year than.

Cool,  Smiley

So that solves the staking issue for us.

Here are the Software Changes that are required for us to go Ultra Low Inflation.

1.  Interest rate change to 0.0005% (0.000005) per year, that would leave us only gaining ~ 180,000 new coins per year . (Thanks to Fred for the % recommendation)
2.  Minimum Stake Age Changed to 1 Day  (This will allow coins to be staked faster, so more coins will be defending our network security, Difficulty Increase)
3.  Blocks no longer Split after staking, stake amount just adds to the block amount. (Recombining smaller blocks will no longer be necessary)

Does anyone else have any more issues or concerns that they want addressed about going Ultra Low Inflation?

 Cool

sr. member
Activity: 364
Merit: 250
@msdoter7

In reference to the incentive to stake question.

The Knights will have to stake to protect their investment.

I will pay 250,000 ZEIT every month to 8 nodes (non knights) that will stake 24x7.

In addition , the ZEIT Joust Game will pay out a 120,000 ZEIT per week to the three addresses that win the Block Joust.
(Anyone can win, even exchanges)

So is this not enough incentive to stake, plus the facts the price of the coin will no longer go down in price only Up.

So those that do accept the 250,000 per month, if they wait til ZEIT reaches a penny would have received $2500 for staking monthly.  Cheesy

One year of doing this will cost me ~42 million ZEIT directly out of my pocket and I will do it gladly so we can defeat BTC.
And if needed, I have enough coins to go a 2nd year, before it would compromise my status as a Knight.

So msdoter7 what do you think?

 Cool
Lets try .it will be interesing to see what will happen next year than.
legendary
Activity: 1092
Merit: 1000
@msdoter7

In reference to the incentive to stake question.

The Knights will have to stake to protect their investment.

I will pay 250,000 ZEIT every month to 8 nodes (non knights) that will stake 24x7.

In addition , the ZEIT Joust Game will pay out a 120,000 ZEIT per week to the three addresses that win the Block Joust.
(Anyone can win, even exchanges)

So is this not enough incentive to stake, plus the facts the price of the coin will no longer go down in price only Up.

So those that do accept the 250,000 per month, if they wait til ZEIT reaches a penny would have received $2500 for staking monthly.  Cheesy

One year of doing this will cost me ~42 million ZEIT directly out of my pocket and I will do it gladly so we can defeat BTC.
And if needed, I have enough coins to go a 2nd year, before it would compromise my status as a Knight.

So msdoter7 what do you think?

 Cool
legendary
Activity: 1092
Merit: 1000
kiklo, my wallet is open 24h/7

 Smiley

Well Done,  Sir Knight.   Smiley


 Cool
legendary
Activity: 1834
Merit: 1006
kiklo, my wallet is open 24h/7

 Smiley
legendary
Activity: 1092
Merit: 1000
Once we make the move to an Ultra Low Inflation coin.

ZEIT Weekly Block Jousts Tournaments could begin.

1st Joust Which ever ZEIT address with the Highest Difficulty # for the week , would receive 120,000 ZEIT

2nd Joust Which ever ZEIT address with the Most Transactions in one block for the week , would receive 120,000 ZEIT

3rd Joust  Which ever ZEIT address with the Smallest Staked Amount per block for the week , would receive 120,000 ZEIT


 Cool


legendary
Activity: 1092
Merit: 1000
Every Day we postpone is another few million ZEIT , dividing the coin's value verses BTC.

We do need Ray , as the Dev he has Veto power or the power to make the program updates.
So the Final decision will be his.
I PM him , when I made the 1st post about going ultra low, real world may tie him up for a month or so, before he can check in.
Which is why now is a good time for discussions , so we work out exactly what needs to be done.

As far as the exchanges, if people are crazy enough to keep all of their coins on the exchange, and the exchange goes under, or loses their coins,
then that just decrease the supply of coins and raises the value for the ones that are left.

Something this big should be decided by all of the community.
Ultra Low inflation is the only Solution , I can see that will raise our price per coin.
I have asked the entire community if they have a better idea , that allows us to absorb millions of new coins each day without losing value,
Then Please Share it, but I don't see any other method that will work except going ultra low.

The Knights have to stake to support their investment,
I will pay out of my pocket 250 thousand ZEIT per month to anyone (up to 8 ) that will run a staking node 24X7)
And I am exploring other incentives on a weekly basis, such as ZEIT Block Jousting where the winner receives 120 thousand ZEIT every week they win the joust.

15 Knights & 8 Paid = 23 Nodes
Plus whoever joints the Joust Contests.

 Cool

FYI:
After 1 year  , our price will probably be so high, that these additional incentives will no longer be needed.
Plus the Paid nodes are a good way for Aspiring Knights to earn their knighthood by protecting the coin.  Smiley
hero member
Activity: 938
Merit: 1000
Crypto-missionary to the Kingdom of Rhegged
I still think that it's too early to make such a drastic change to the 'essentials' of the coin, and also the wrong way to go about doing it.

We should plan to let the 5% rate run for a full year, and consider over that time the future direction to take.

- Hearing from everybody involved, especially Ray, then having a COMMUNITY decision about it.

The drop to 5% will reduce 'inflation' by 200%, the biggest drop in our history, so to me it makes sense to give THAT change a fair chance before deciding on a hyper-drastic change.

The thing that worries me most is that under the proposed change, there will be NO incentive for peeps to keep coins in their wallets, so won't they then just park the lot on the exchanges?

- And you can't keep a network going with a handful of nodes.

Final thought (for now) I feel this should have been proposed & discussed within the Knights long before it was 'announced' here.

- That's just NOT the way things are supposed to be done  Angry
hero member
Activity: 560
Merit: 501
wow , great to hear it . When are you going to change pos ?  Need to buy now Zeitcoins because price can go till 100 sat .And we will see Bittrex or poloniex than . After that update we can start twitting bittrex and polo to add zeitcoins to their exchange .  Cheesy
sr. member
Activity: 364
Merit: 250
lol , that not good idea  Cool . I have now from pos 300k zeit .Ok from 5% it will be around 100k and it is also good. But what are you trying to do now is to save your tons Zeitcoins from price dumping .And now zeitcoin is like another fork and no more .I think if you will do it ,0.0005% per year. We will see huge dump and price will be not more 1 sat , because people who bought zeitcoins  thougth about 5% pos . They will not wait a long time to dump their bags, if they cant pos zeitcoin.

Then give me a better idea, because ultra low inflation is the only thing I can see that will work.
Have you looked at the markets today, the high inflation has already dropped us to $209,419  .

Look at Sprouts , Tekcoin, Turbostake , what good has been having stakers , when there price heads toward Zero.

Explain to me , how are we going to increase in Price against BTC when these are the Numbers we face.
Monday BTC generated only 1,728 new coins
Monday ZEIT generated 8,623,833 new coins.

We are better that BTC on every level , Except Inflation.

I setup an investment system to support ZEIT, it has been pulling millions off of the markets all year, which is why we did not crash with BTC spiked.
That investment system has been turned off, it is unable to match the growing inflation, there is no point to it , until we become an ultra low inflation coin.
Then it will take time, but it can start to make a dent in the sell walls and increase the price of ZEIT for everyone.

We can change the minimum stake age down to 1 day, and even if no else will help, I alone will keep the network running.
Our situation is that dire. How long are you going to stake your 5% when ZEIT is only 1 Litoshi?

 Cool

FYI:
We are still at 15%, we have not moved to the 5% yet.


Ok, try to find better way .If it help ,than do pos 0.000005% like for  an ultra low inflation coin
legendary
Activity: 1050
Merit: 1001
lol , that not good idea  Cool . I have now from pos 300k zeit .Ok from 5% it will be around 100k and it is also good. But what are you trying to do now is to save your tons Zeitcoins from price dumping .And now zeitcoin is like another fork and no more .I think if you will do it ,0.0005% per year. We will see huge dump and price will be not more 1 sat , because people who bought zeitcoins  thougth about 5% pos . They will not wait a long time to dump their bags, if they cant pos zeitcoin.

Then give me a better idea, because ultra low inflation is the only thing I can see that will work.
Have you looked at the markets today, the high inflation has already dropped us to $209,419  .

Look at Sprouts , Tekcoin, Turbostake , what good has been having stakers , when there price heads toward Zero.

Explain to me , how are we going to increase in Price against BTC when these are the Numbers we face.
Monday BTC generated only 1,728 new coins
Monday ZEIT generated 8,623,833 new coins.

We are better that BTC on every level , Except Inflation.

I setup an investment system to support ZEIT, it has been pulling millions off of the markets all year, which is why we did not crash with BTC spiked.
That investment system has been turned off, it is unable to match the growing inflation, there is no point to it , until we become an ultra low inflation coin.
Then it will take time, but it can start to make a dent in the sell walls and increase the price of ZEIT for everyone.

We can change the minimum stake age down to 1 day, and even if no else will help, I alone will keep the network running.
Our situation is that dire. How long are you going to stake your 5% when ZEIT is only 1 Litoshi?

 Cool

FYI:
We are still at 15%, we have not moved to the 5% yet.


I think you are rigth , than do it  pos to  0.0005% per year . Wink
legendary
Activity: 1092
Merit: 1000
If incentive to stake is required while the ultra low inflation fixes our price per coin.

I will paid up to 8 users 250 thousand ZEIT each , every month that they agree to stake 24x7 and act as a node.
So they would receive that plus their small interest plus whatever fees they collect from processing transactions.

Would send the 250 thousand ZEIT payment at the start of each month.

Although I would hope the Knights would continue staking to Protect the coin until prices rise , until the utra low interest makes staking worthwhile again.


 Cool

FYI:
If the 15 Knights keep staking and the 8 users, I would pay.
It would give us 23 Nodes online ~24x7.
More than enough until our price builds.

I would do this.  I already keep 2 wallets running from 2 different IPs almost 24x7 (except when I forget to start them after restarts). 

Thanks Fred,   Smiley


 Cool
legendary
Activity: 1092
Merit: 1000
lol , that not good idea  Cool . I have now from pos 300k zeit .Ok from 5% it will be around 100k and it is also good. But what are you trying to do now is to save your tons Zeitcoins from price dumping .And now zeitcoin is like another fork and no more .I think if you will do it ,0.0005% per year. We will see huge dump and price will be not more 1 sat , because people who bought zeitcoins  thougth about 5% pos . They will not wait a long time to dump their bags, if they cant pos zeitcoin.

Then give me a better idea, because ultra low inflation is the only thing I can see that will work.
Have you looked at the markets today, the high inflation has already dropped us to $209,419  .

Look at Sprouts , Tekcoin, Turbostake , what good has been having stakers , when there price heads toward Zero.

Explain to me , how are we going to increase in Price against BTC when these are the Numbers we face.
Monday BTC generated only 1,728 new coins
Monday ZEIT generated 8,623,833 new coins.

We are better that BTC on every level , Except Inflation.

I setup an investment system to support ZEIT, it has been pulling millions off of the markets all year, which is why we did not crash with BTC spiked.
That investment system has been turned off, it is unable to match the growing inflation, there is no point to it , until we become an ultra low inflation coin.
Then it will take time, but it can start to make a dent in the sell walls and increase the price of ZEIT for everyone.

We can change the minimum stake age down to 1 day, and even if no else will help, I alone will keep the network running.
Our situation is that dire. How long are you going to stake your 5% when ZEIT is only 1 Litoshi?

 Cool

FYI:
We are still at 15%, we have not moved to the 5% yet.

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