Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 123. (Read 1009334 times)

Whats going on with this coin? it just seams to be sinking and sinking?

From midnight of November 8, 2016, Rs. 500 and Rs.1000 will cease to be legal tender. "These notes are just papers from tomorrow," says the prime minister.

Taking the nation by surprise, Prime Minister Narendra Modi on Tuesday night announced demonetisation of Rs. 1000 and Rs. 500 notes with effect from midnight, making these notes invalid in a major assault on black money, fake currency and corruption.

In his first televised address to the nation, Mr. Modi said people holding notes of Rs. 500 and Rs. 1000 can deposit the same in their bank and post office accounts from November 10 till December 30.

Latest updates:

9:50 pm:Tomorrow Banks will be closed for withdrawing these notes from counters & ATMs, says Arundhati Bhattacharya

9:45 pm: We will work round the clock to ensure that customers have a smooth experience says SBI chairman Arundhati Bhattacharya. We will strive to restock ATMs at the earliest and make them operational, says SBI chairman Arundhati Bhattacharya

9:40 pm: We have just now been advised of the Govt's move to demonetise current series of Rs1000 &500 says Arundhati Bhattacharya

9:38 pm: There is no restriction of depositing your legal Rs. 500, Rs. 1000 notes for exchange. Any amount, as long as it is legal, can be exchanged.

9:37 pm: No security breach has been reported. New notes will be Braille compliant, says DEA secretary

9:36 pm: Within this period, cheques, debit cards, e-transactions will continue. All electronic transations on account of business firms, companies and individuals will continue in the new two days: DEA secretary

9:36 pm: The decision to withdraw existing 500/1000 denomination currency notes has surprised everyone says DEA secretary

9:35 pm: Post offices, bannks to open additional counters and extend working hours to accomodate the public.

9:34 pm: Initially, there could be inconvenience. The supply of new notes will be increased. First aspect to be considered is inflation. RBI will monitor and regulate the printing and circulation of Rs. 2000 notes.

9:33 pm: The notes that are being circulated in social media are true. Not sure how the notes look got leaked, but sure that people will cooperate with the govt. in this venture.

9:32 pm: FIU of India get info about transactions from banks. During this period, banks will take extra precaution. Banks will share info with Income Tax dept. as deemed fit.

9:32 pm: If it is declared as not legal tender, then any transactions are done with their own risk, says Shaktikanta Das

9:30 pm: Measure necessary to maintain economic integrity of economy, says Shaktikanta Das. It will be positive for our economy and will add to the growth of our economy.

9:25 pm: RBI shows the specimen notes of new Rs. 500 and Rs. 2000 notes.

9:22 pm: Banks will have video cameras for all transactions, people must be careful while exchanging legal cash, says Shaktikanta Das

9:21 pm: Control rooms formed in RBI in Mumbai - 022 22602201, 22602944 will be operable from tomorrow morning 8 am, says Shaktikanta Das

9:20 pm: Fake currencies circulation have grown over the years. We are launching new currency notes with new designs from November 10. Introducing 200 rupee note with Mangalyan logo, says Shaktikanta Das

9:15 pm: It is a bold move. Counterfeit currencies are being used for financing terrorism. Our security measures have not been breached,. This is a powerful measure to combat terrorism. Govt. has taken many measures in last two years. This will go a long way. Fake currencies corrode economy, says Economic Affairs Secretary Shaktikanta Das

9:10 pm: RBI has been concerned about black money issue: Urijit Patel

8.53 pm: Government hospitals, pharmacies at such hospitals will accept Rs. 500 and Rs. 1000 notes for 72 hours from November 8 midnight.

8:34 pm: This is a chance for every citizen to take part in the fight against black money and corruption, says the prime minister.

8:32 pm: A new series of Rs. 500 currency notes and Rs. 2000 currency notes will be brought into circulation.

8:31 pm: Banks will be closed on November 9.

8:30 pm: There is no restrictions on internet banking, cash, demand draft transactions.

8:27 pm: Rs 10,000 daily cash withdrawal and Rs 20,000 weekly cash withdrawal limit

8:25 pm: There are, however, some exemptions. Government hospitals and international airports.

8:22 pm: The ATMs will not function till November 9, and in some places till November 10.

8:21 pm: People who possess Rs.500 or Rs. 1000 currency notes after December 30 can exchange it at Reserve Bank of India by providing a declaration. This is till March 31, 2017.

8:20 pm: These notes should be exchanged in banks and head post offices and sub post office within December 30, 2016, by providing a valid identity proof such as Aadhaar, PAN card or voter ID card.

8:15 pm: From midnight of November 8, 2016, Rs. 500 and Rs.1000 will cease to be legal tender. "These notes are just papers from tomorrow," says the prime minister.

8:11 pm: Prime Minister says Rs. 500 and Rs.1000 are notes are mostly used in black money.

8:10 pm: Corruption, black money and terrorism can come in the way of a country's robust economic growth, says the Prime Minister.

8:07 pm: He moves on from corruption to terrorism. He tells "terrorsists from across the border" are spreading counterfeit currency notes.

8:06 pm: We hear stories of how autorickshaw driver returns gold left by a passenger in his vehicle. These stories tell how common people are honest. It is only a few people engage in corruption for selfish reasons, he says.

8:05 pm: Corruption and black money are the biggest hindrances in the fight against poverty, he says adding that it is everyone's responsibility to eradicate poverty.

8:04 pm: Mr. Modi lists out the various schemes launched by NDA government in his address to the nation. He mentions the Jan Dhan Yojana.

8:03 pm: This govt is dedicated to the poor, and will continue to do so, says the Prime Minister who completes two-and-a-half years of rule today.

8:02 pm: India has registered itself as a bright spot, and its not that this is a claim made by us, but by IMF and World Bank

Usually under 120 blocks will not be a problem to consolidate in 1 send.
No way to select a range that I know of with coin control on.
I usually have problems over ~140 blocks & higher in a single consolidation.

If coin control is turned off it will auto select which blocks and it seems to let more blocks be consolidated in 1 send.
However if you have many blocks waiting to stake, it is not a good option, as those may be included.


 

I have been lax about consolidating blocks... I have a lot of blocks to consolidate.  I know you can select them by either clicking, or, using the up/down arrows and the spacebar, but is there a way to select a range?  Also, what are the limits?  If I select too many, I get an error, but so far I've not been able to determine if it's the size of the transaction (bytes not # of coin), or, the number of blocks?

Thanks,
Fred

Zeit Coin Staking Tips

1. Make sure your PC's Time is correct.
   Ver 2.0.1.7 requires your PC time to be within 1 minute of correct time.

2. Amount of Zeit to have per block.
    Blocks with 50 thousand zeit per block or more will stake within 30 days
    Blocks around 5 thousand zeit per block will usually stake in 30 to 60 days
    Blocks of 2 thousand zeit and below, may not stake within a year.

Recommend merging amounts of zeit under 2 thousand per block to higher amounts.

Zeit Wallet response and feel are dependent upon individual CPU & Memory Specifications
But if your wallet feels unresponsive and you want it to be more responsive and use less cpu,
merge your blocks , so that your wallet contains fewer blocks with more zeit in each block.

Link to CoinControl Tips
https://bitcointalksearch.org/topic/m.10296134

 

Zeit Staking Information
Blocks in Zeit wallets compete against blocks in other Zeit wallets to see who wins the right to stake (interest) every 30 seconds. Zeit uses Weight to pick the stake winner.

Weight is calculated :
Weight=Number of coins in a block * CoinAge

For Zeit CoinAge starts at 20 days & ends at 40 days,
Meaning if your block is 25 days old , then your coinage is 5.
For security reasons , CoinAge quits growing at 20.
So after 40 days your coinage=20 , but if you only have 500 in a block, then its weight is
Weight=Number of coins in a block * CoinAge
 10000 =  500  * 20

Since our blocks use weight to compete to see when we stake,
that weight is so low , it would be a year or more, before it staked if ever.
That is why it is recommended to keep at least 5000 or more zeit per block , if you want that block to be able to stake (earn interest) within 30 to 60 days.
Higher amount of zeit in a block like 50,000 or more will generally stake within 30 days.

Zeit Syncing Tips for PoS

Keep your Wallet Locked when you are not Synced with the network if you have coins in your wallet.

The Blue Check mark will appear a few minutes before synced , but may not be completely synced yet,
Move the mouse over the Blue Check mark , and it will show
Last Received Block was Generated (Time) ago.
When it says 1 minute or less , then it is a good time to unlock the wallet and let it stake.
If it says 5 minutes and you check it again a few minutes later and says 15 minutes, then close and restart your wallet, and it will sync quickly.

If you don't keep the wallet locked until synced, it will still try to generate stake , but since you are not fully synced , they will all be orphans. Or in some cases can actually try to fork, when this happens your wallet will freeze up at the block number where it tried to fork and not receive any more blocks, until you restart your wallet so it can get back on the correct chain.

Anyone unclear or need more details post.

 

FYI:
If your ISP has issues, it can cause you to fall out of sync with the current block # and a restart of the wallet may be required.

ZEIT Blockchain Snapshot Updated to 2016-11-05

ZEIT SNAPSHOT


 

can you do for november snapshot ?  thanks
i dont understand why zeitcoin sync... is so slow . And Gulden wallet -- 2 years wallet-- can be sync. in 2 hours .

Drum roll , Please

https://www.youtube.com/watch?v=itAOGRiYRLI
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The Answer is ZEIT , 
http://themerkle.com/egyptian-pound-expected-to-lose-50-of-its-value-over-next-24-hours/

 

Egyptian Pound Expected To Lose 50% Of Its Value Over Next 24 Hours

'permissionless financial system'

I take that term to basically mean ... POW;
Any miner could 'theoretically' show up with the necessary Hash and get some.

Outside of that definition.
BTC is rather difficult to acquire without submitting on bended knee to KYC and AML regulations.
Such very permit.