Let me just say this as a complete noobz to this coin who bought this purely for TA reasons. I sent myself coins from my Cryptsy account and they cleared very fast, which was quite impressive. Then again, that wallet took a full 48 hours to download the blockchain which was disturbing to say the least. Second, please forgive me for not reading the other 650 pages on this thread, but can someone briefly explain to me how proof of stake works for this coin? I have a million in my test wallet, do I get more? Third, 31,271,216,268 coins seems to be a very large overhang. It will be very hard for this coin to stage a healthy advance with that kind of resistance overhead. Was this premined? Why are there so many coins overhead? Lastly, the coin seems to be advancing correctly so far technically, but there appear to be a large number of dumpers waiting overhead. Just an FYI, if you want your coin to advance, don't sit overhead waiting to dump an enormous number of coins on the market. If everybody holds we can all do significantly better. Thanks.
http://www.thebitcoinchannel.com/
http://www.thebitcoinchannel.com/
Solarion gave the quick version.
Here is the Long Winded version.
PoS : Proof of Stake
Total coins 90 billion
30 seconds block target
Interest on Proof of Stake:
Year 1: 25% | Year 2: 20% | Year 3: 15% | Year 4 and ongoing: 5%
4 confirmations per transaction means fast 2 mins confirmations
50 confirmations per ZEIT blocks
The original dev did a 1% premine for giveaways & bounties.
To the best of my knowledge he used most if not all of it.
Original Dev been gone since mid 2014.
Rent_A_Ray has taken on the role of Dev and is doing a wonderful job.
The ZeitKnights began accepting members in Feb 2015.
Each ZeitKnight will hold 100 million zeitcoins to use 10% of their interest for charity in the future.
Currently 14 ZeitKnights.
Zeit PoS ,
All coins held in the wallet that are not moved, mature after 20 days.
So after 20 days is the earliest your coins can stake.
We are in year 2 , 20% interest for the year.
How to calculate your interest .
https://bitcointalksearch.org/topic/m.9439264
(Was originally done for 25% , Replace 0.0684931506849315 with 0.0547945205479452 for 20% calculations. ) If your wallet is locked , it has to be unlocked to earn interest.
As far as the number of coins, this coin was designed to be used Globally , not trying to make itself scarce to add value like others. Plus the large number of coins gives a PoS coin increased protection from some security issues, such as 51% attacks and nothing to stake issues.
Since you have to have zeitcoins to make more, eventually all of the excess will become like energy efficient miners for many.
Oddly as time goes on, this number of coins will be viewed as too small as the number of ZeitKnights continue to grow.
Our Maximum Number of ZeitKnights will be somewhere between 100 & 300 , that group will make history as supporters of this coin.
Recap
Become a legendary zeight (zeit knight) and help us to help others.
Think of it like King Arthur and his Round Table, every one at the Table is Equal.
A Group of Men & Women banding together to make the Way of Zeit a worldwide reality.
_______________________________________________________________________________ _
The ZeitKnight's End Game,
To make this World a Better Place for All who reside in it.
By making zeitcoin into a tool that can help someone next door or someone across the world.
______________________________________________________________________________
Technically Zeitcoin is a Virtual Resource that is made by personal computers,
To make a Zeitcoin , you need CPU Labor, Electricity, Internet connection, & Time,
We combine those resources to make a Zeitcoin.
______________________________________________________________________________
ZeitKnights Current Goal List
https://bitcointalksearch.org/topic/m.9883182
Charities to Sponsor once the price of zeitcoin is higher
https://bitcointalksearch.org/topic/m.9874339
Zeit Slogans
https://bitcointalksearch.org/topic/m.9874356
_______________________________________________________________________________ ___
Any Questions or Suggestions , Post Away , All Ideas Welcome.
Requirements:
All Members must have 100 million Zeitcoins as a requirement of being part of the Zeit-Knights.
_______________________________________________________________________________ ____
A Group of Men & Women banding together to make the Way of Zeit a worldwide reality.
_______________________________________________________________________________ _
The ZeitKnight's End Game,
To make this World a Better Place for All who reside in it.
By making zeitcoin into a tool that can help someone next door or someone across the world.
______________________________________________________________________________
Technically Zeitcoin is a Virtual Resource that is made by personal computers,
To make a Zeitcoin , you need CPU Labor, Electricity, Internet connection, & Time,
We combine those resources to make a Zeitcoin.
______________________________________________________________________________
ZeitKnights Current Goal List
https://bitcointalksearch.org/topic/m.9883182
Charities to Sponsor once the price of zeitcoin is higher
https://bitcointalksearch.org/topic/m.9874339
Zeit Slogans
https://bitcointalksearch.org/topic/m.9874356
_______________________________________________________________________________ ___
Any Questions or Suggestions , Post Away , All Ideas Welcome.
Requirements:
All Members must have 100 million Zeitcoins as a requirement of being part of the Zeit-Knights.
_______________________________________________________________________________ ____
Do like watching those numbers pop up for days .. 
