★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 17.

Zin-Zang

member

Activity: 364

Merit: 13

Killing Lightning Network with a 51% Ignore attack

In Nova Exchange News
https://novaexchange.com/news/

Quote

Dear, loyal and patient(!) Nova customers.
Finally we have tremendous news to share with you.
On the 28th of May we will open the market for deposits in the following currencies:
- Bitcoin
- Litecoin
- Dogecoin

So, trading is open.
Later on you will be welcome to make deposits in other currencies.
We are big on keeping our promises so this is what we want to promise you today.
May 28th is the day. (NOTE!!!: Please do remember that Nova Exchange is global, the exact time may vary depending on your current time zone)
We are very gratetful to have your trust and your patience.

More is coming....

Best wishes, Team Nova

Zin-Zang

member

Activity: 364

Merit: 13

Killing Lightning Network with a 51% Ignore attack

Quote from: Qan on May 24, 2018, 03:20:55 AM

Looks like Tradesatoshi's wallet isnt syncing anymore. They are only synced upto block 4656291 - 18th May 2018.

Opened a Support ticket for them to restart their wallet so it will sync with the network.

Give them a day or two to get in sync.
People can monitor coins status at https://tradesatoshi.com/Status

Update: Maintenance syncing 707 052418

Qan

jr. member

Activity: 159

Merit: 1

Looks like Tradesatoshi's wallet isnt syncing anymore. They are only synced upto block 4656291 - 18th May 2018.

Zin-Zang

member

Activity: 364

Merit: 13

Killing Lightning Network with a 51% Ignore attack

Quotes from the ZEIT-KNIGHTS Slack Forum

Quote

I wonder if anyone knows what our transactional speed is? I know we say its 20x faster than BTC pre segwit but does anyone know in real world terms the average speed?

Quote

Pre Segwit Bitcoin was max out at 7 transactions per second

ZEITCOIN is 20X that, so our onchain max is at 140 transactions per second
or 8400 transaction per minute or over ½ Million transactions per hour or over 12 million transactions per day

What is unique about our Transactions processing is Transactions are processed in the order they are created,
unlike Bitcoin that lets transactions jump ahead of others by paying higher fees, and stalling transactions of people with less money,

Our Onchain Transactions are a low fixed rate, and process in the order of creation (no jumping in front of others),
so the delays like bitcoin users experience weeks and months before a transaction was accepted, literally can not happen on our network.

ZEIT has a Fixed Rate transaction fee & Fair Processing of the transactions queue for all.
The above is onchain, if someone uses the Exchange's Offchain Processing with Zeitcoin that bypasses the blockchain,
Our Offchain Transactions Capacity is Unlimited.

Quote

The hidden damage of Bitcoin Transaction Processing is the insane Energy consumption :
https://digiconomist.net/bitcoin-energy-consumption
Electricity consumed per transaction (KWh) 941
Number of U.S. households powered for 1 day by the electricity consumed for a single transaction: 31.81
This is driving up the costs that people pay for electricity in their homes.
https://www.utilitydive.com/news/munis-to-charge-bitcoin-miners-higher-power-prices-in-new-york/519275/

ZEITCOIN uses no more electricity per node than an Xbox to process transactions.
IF ZEITCOIN is being run on a PC that would be on constantly anyway it has a Zero energy footprint.
ZEITCOIN Network is sustainable and better for the environment, due to its energy efficiently.
Plus it won't raise your community's electric rates.

Zin-Zang

member

Activity: 364

Merit: 13

Killing Lightning Network with a 51% Ignore attack

From the ZEIT KNIGHTS Slack Forum

Quote

Notice: Thanks to the Efforts of CatBoss, ZEIT will be on a new exchange in the next few weeks .

https://bitebtc.com

They are based in Singapore, and follow strict KYC regulations. But they are our 1st Asian Exchange.

Registrations can take a few weeks so you may want to register now before the ZEIT Markets go live.

ZEIT will have a BTC & LTC pairings on their exchange.

2018 the Year That Asia Joins ZEIT! Cheesy

four3200

sr. member

Activity: 1246

Merit: 257

if you see this seal of approval you know your staking a good chain
https://bitcointalksearch.org/topic/m.38031583

Zin-Zang

member

Activity: 364

Merit: 13

Killing Lightning Network with a 51% Ignore attack

In the Governments are starting to go after the Anonymous Coins News.

https://cointelegraph.com/news/hacked-crypto-exchange-coincheck-confirms-removal-of-four-anonymity-focused-altcoins

Quote

According to Coincheck’s blog, the exchange will remove the four cryptocurrencies to comply with counter-terrorist financing (CFT) and anti-money laundering (AML) measures recently issued by Japan’s financial regulator, the Financial Services Agency (FSA).

Quote

Coincheck will end trading for four privacy-oriented cryptocurrencies, Monero (XMR), Zcash (ZEC), Dash (DASH), and Augur (REP), Cointelegraph Japan reported May 18.

Quote

As part of its efforts, the FSA has stated that local, officially registered exchanges will face restrictions on the trading of privacy-focused altcoins, since they are more difficult to trace than cryptocurrencies like Bitcoin (BTC).

Zeitcoin and Bitcoin both use Public Blockchains, so we are equally compliant with Japan's FSA regulations.

Zin-Zang

member

Activity: 364

Merit: 13

Killing Lightning Network with a 51% Ignore attack

In the Why Bitcoin is Doomed to Fail News

https://cointelegraph.com/news/bitcoin-mining-to-use-05-of-worlds-energy-by-end-of-2018-peer-reviewed-research-shows

Quote

Bitcoin Mining To Use 0.5% Of World’s Energy By End Of 2018, Peer-Reviewed Research Shows

Quote

De Vries concludes that as the BTC network currently consumes about 2.55 GW of electricity and moves towards consuming 7.67 GW in the future (for reference, Ireland consumes 3.1 GW and Austria 8.2 GW), the network “has a big problem, and it is growing fast.” However, he does note that solutions like the Lightning Network “may alleviate the situation.”

* Lightning Network is an offchain solution and has zero effect in lowering the onchain energy requirements,
in fact it increases the electricity used as the additional offchain nodes will require more electricity in addition to the onchain network. * Tongue

* ZEITCOIN can be Staked anywhere in the world on a Laptop, and uses so little electricity , no one will even notice. *
* Also the production cost of creating new Zeitcoins is extremely cost effective. *

* When the Production cost of new bitcoins exceeds the price on the market, *
* the bitcoin miners shut down and bitcoin network stops forever. *
* Many of the Countries with the Cheapest Electricity have unstable grids with brown outs on a consistent basis. *

https://cointelegraph.com/news/cases-of-illegal-bitcoin-and-cryptocurrency-mining-chicken-farms-and-new-york

Zin-Zang

member

Activity: 364

Merit: 13

Killing Lightning Network with a 51% Ignore attack

Quote from: PS1987 on May 17, 2018, 06:12:02 AM

Great thing that Zeit increased in dollar value 122x but pretty useless if only exchange trading is yobit with less than 100$ daily volume for months.
I see that cryptopia btc market is offline again. Is that a never ending story? 15-20 Btc at 2 satoshi which nobody wants to buy and then the 1 satoshi buy orders getting eaten up again.
Sry for my criticsm, I like this coin but we really need to change something here, otherwise this coin stays irrelevant forever.

Yobit is a scam exchange, don't use Yobit.

You missed the $48000 US$ Trading volume that just happened ~1 day ago.
You might want to pay more attention to CMK : https://coinmarketcap.com/currencies/zeitcoin/
Currently $10258 for the last 24 hours.

If you look at the top of this page you can see we are on 5 exchanges, soon to be 6 once Nova reactivates.
Over 14 markets with different pairs BTC included.

In Jan 2017, the ULI change was announced
Price per coin on Jan 2017, was US$ .000006
Price per coin on Aug 11, 2017 was US$ .000074
Price per coin on Jan 9, 2018 was US$ .000674
Price per coin on May 17, 2018 is US$ .000094

The ULI is doing it's job and the value per coin is growing.

Comparing ZEITCOIN verses Bitcoin Performance for the exact same time frame
Price per bitcoin on Jan 9th, 2017 was US$ 907.19
Price per bitcoin on May 17th , 2018 is US$ 8300.06

bitcoin gain is 9.15X for Jan ,2017 to Today
Zeitcoin gain is 15.67X for Jan ,2017 to Today

You were better off to be invested in Zeitcoin than bitcoin.

If that makes us irrelevant in your mind, then I want to be irrelevant for all time. Cheesy

PS1987

full member

Activity: 394

Merit: 117

Great thing that Zeit increased in dollar value 122x but pretty useless if only exchange trading is yobit with less than 100$ daily volume for months.
I see that cryptopia btc market is offline again. Is that a never ending story? 15-20 Btc at 2 satoshi which nobody wants to buy and then the 1 satoshi buy orders getting eaten up again.
Sry for my criticsm, I like this coin but we really need to change something here, otherwise this coin stays irrelevant forever.

rhadamanthes

newbie

Activity: 76

Merit: 0

Quote from: Zin-Zang on May 12, 2018, 05:53:19 PM

Crytopia still has a LTC & Doge Pairing which is seeing some nice trading volumes.
They kind of did a blanket removal of any coin price at 1 satoshi, our coin was priced at 1 sat, but their were constant buy orders at 1 sat, we were not below 1 sat.
Also our trading volume on their btc market was between $500 to $1000 per day, higher than many of their coins at higher satoshi.
Odds are they will realize this at some point and reinstate the zeit/btc market at a later date.

If you prefer a btc pairing use one of the other exchanges such as
SouthXchange, CoinExchange, TradeSatoshi , or Cfinex they all still have a ZEIT/BTC Market.

I'm pretty sure that getting rid of this huge BTC pressure on the exchange is a good thing for the coin.
We met our highest volumes when BTC pairing was off IIRC...
This coin must be a living one, being under the pressure a 1sat is not suitable for the moment IMHO.

CoinEraser

legendary

Activity: 1988

Merit: 1768

Quote from: Zin-Zang on May 12, 2018, 07:42:49 PM

In The NovaExchange News Update

https://novaexchange.com/news/

Quote

2018-05-11 14:49 - A message from the new owners

Dear customer, we'd like to take this time to thank you for your patience.
Switching ownership, and handing over the daily operations, of a crypto exchange is a lot of work and there is not many with experience from it, out there.
We’re working around the clock to get everything in order.

We have some news:

1. We are setting up proper KYC (Know Your Customer) and AML (Anti-Money Laundering) routines on Nova Exchange.
For the unidentified account holder there will be a limit for withdrawal of 500 US dollars per day and customer.
If you need to withdraw more than 500 dollars at once this is perfectly possible, all you need to do is to provide us with some information and identify yourself with YOTI (download app here).
You will find these settings under “Account” and “Contact & Verification level settings”.

We realize that this is an inconvenience, of course we do, but this is a necessary step to keep Nova in business, and growing!

2. Dice & Scratch functions are discontinued and shut down.
We're sorry but us the new owners would need a gambling license to keep those features going.
We might be forced to shut down completely if we did. We’re very sorry about this.

3. We will no longer be able to accept customers with citizenship and/or residence in the United States.

4. We will be accepting deposits real soon now. It is a matter of weeks.

Nice to read that it goes on with Novaexchange. Only that they now demand KYC, I think is not good. So the exchange is no longer interesting for me. Then I prefer to stay with Cryptopia.

Zin-Zang

member

Activity: 364

Merit: 13

Killing Lightning Network with a 51% Ignore attack

In The NovaExchange News Update

https://novaexchange.com/news/

Quote

2018-05-11 14:49 - A message from the new owners

Dear customer, we'd like to take this time to thank you for your patience.
Switching ownership, and handing over the daily operations, of a crypto exchange is a lot of work and there is not many with experience from it, out there.
We’re working around the clock to get everything in order.

We have some news:

1. We are setting up proper KYC (Know Your Customer) and AML (Anti-Money Laundering) routines on Nova Exchange.
For the unidentified account holder there will be a limit for withdrawal of 500 US dollars per day and customer.
If you need to withdraw more than 500 dollars at once this is perfectly possible, all you need to do is to provide us with some information and identify yourself with YOTI (download app here).
You will find these settings under “Account” and “Contact & Verification level settings”.

We realize that this is an inconvenience, of course we do, but this is a necessary step to keep Nova in business, and growing!

2. Dice & Scratch functions are discontinued and shut down.
We're sorry but us the new owners would need a gambling license to keep those features going.
We might be forced to shut down completely if we did. We’re very sorry about this.

3. We will no longer be able to accept customers with citizenship and/or residence in the United States.

4. We will be accepting deposits real soon now. It is a matter of weeks.

Zin-Zang

member

Activity: 364

Merit: 13

Killing Lightning Network with a 51% Ignore attack

Crytopia still has a LTC & Doge Pairing which is seeing some nice trading volumes.
They kind of did a blanket removal of any coin price at 1 satoshi, our coin was priced at 1 sat, but their were constant buy orders at 1 sat, we were not below 1 sat.
Also our trading volume on their btc market was between $500 to $1000 per day, higher than many of their coins at higher satoshi.
Odds are they will realize this at some point and reinstate the zeit/btc market at a later date.

If you prefer a btc pairing use one of the other exchanges such as
SouthXchange, CoinExchange, TradeSatoshi , or Cfinex they all still have a ZEIT/BTC Market.

Alp88

member

Activity: 113

Merit: 10

ZEIT/BTC market off again on Cryptopia.

CoinEraser

legendary

Activity: 1988

Merit: 1768

Quote from: Zin-Zang on May 10, 2018, 05:32:21 PM

Price has grown verses the US $.
Sept 2014, 1 zeitcoin = $.000001
May 2018, 1 zeitcoin = $.000122

So in comparison to the US $, (which to be honest, does anyone really care about anything else, because people cash out to fiat not bitcoin)

Zeitcoin's Price has increased 122X verses the US $, it has been an outstanding investment.

* If someone brought at the lows and sold at the highs, their rate of return was much higher than 122X. *

FYI:
During the exact same time period
Bitcoin only increased 18.86X verses the US $ and ZEITCOIN increased 122X verses the US $.

ZEITCOIN OUTPERFORMED BITCOIN by a factor of over 6X.

* Here is a little brain teaser for you , if ZEITCOIN increases at the same speed as the last time period. *
1 zeitcoin = $0.014884 in May 2022 (That is ~1½ US penny)
1 zeitcoin = $1.815848 in May 2026 (~ $2 dollars)
1 zeitcoin = $221.5334 in May 2030 (over $200 dollars)

Only question to ask yourself, can you wait a few years to be richer that you ever dreamed.
That decision is yours to make.

If the price continues to develop so positively, that would be great and very, very good. I follow zeitcoin for a very long time and I really wish that the price continues to develop this way. Maybe i will buy some more zeitcoins in the next days. It looks like that would be a good decision.

Zin-Zang

member

Activity: 364

Merit: 13

Killing Lightning Network with a 51% Ignore attack

Price has grown verses the US $.
Sept 2014, 1 zeitcoin = $.000001
May 2018, 1 zeitcoin = $.000122

So in comparison to the US $, (which to be honest, does anyone really care about anything else, because people cash out to fiat not bitcoin)

Zeitcoin's Price has increased 122X verses the US $, it has been an outstanding investment.

* If someone brought at the lows and sold at the highs, their rate of return was much higher than 122X. *

FYI:
During the exact same time period
Bitcoin only increased 18.86X verses the US $ and ZEITCOIN increased 122X verses the US $.

ZEITCOIN OUTPERFORMED BITCOIN by a factor of over 6X.

* Here is a little brain teaser for you , if ZEITCOIN increases at the same speed as the last time period. *
1 zeitcoin = $0.014884 in May 2022 (That is ~1½ US penny)
1 zeitcoin = $1.815848 in May 2026 (~ $2 dollars)
1 zeitcoin = $221.5334 in May 2030 (over $200 dollars)

wenwen

sr. member

Activity: 728

Merit: 251

I still hope that ZeitZoin will grow in price. For too long, the coin is worth 1 satoshi. The developers of patience I wish you. Good luck to all.

Zin-Zang

member

Activity: 364

Merit: 13

Killing Lightning Network with a 51% Ignore attack

Quote from: Rent_a_Ray on May 07, 2018, 03:54:58 PM

Website down?

zeit-coin.net came up normally from a US & Europe IP.

Rent_a_Ray

legendary

Activity: 1318

Merit: 1036

Website down? Shocked

Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 17. (Read 1009280 times)