The OP has a lot of useful information. Suggest you at least read that. 48 hours to download a mature POS blockchain is not unusual, also it can be shortened dramatically with bootstrapping:
https://bitcointalksearch.org/topic/m.10977720
To stake coins you must hold them for 20+ days.
Daytraders and short term profiteers dump because it's what they do after a run up. Zeitcoin is up 240% just since March 30 so there will be those that want to take profits...this is normal and healthy. There are plenty of people that believe in this coin's long term future that buy and hold.
Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 224. (Read 1009280 times)
May 09, 2015, 07:16:17 AM
May 09, 2015, 06:06:07 AM
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/
May 08, 2015, 04:32:07 PM
It's been a while how do i go about unlocking the wallet to send coins? only have the option to unlock for minting.
When the Wallet is locked, send the coins, and it will ask you for the unlock password right before sending.
Ok so if it's staking just lock it again then send?
Yep. Lock it, wait a while then press "Send Button"...
Thanks
May 08, 2015, 04:30:46 PM
It's been a while how do i go about unlocking the wallet to send coins? only have the option to unlock for minting.
When the Wallet is locked, send the coins, and it will ask you for the unlock password right before sending.
Ok so if it's staking just lock it again then send?
Yep. Lock it, wait a while then press "Send Button"...
May 08, 2015, 04:26:58 PM
It's been a while how do i go about unlocking the wallet to send coins? only have the option to unlock for minting.
When the Wallet is locked, send the coins, and it will ask you for the unlock password right before sending.
Ok so if it's staking just lock it again then send?
May 08, 2015, 04:26:48 PM
MovementCF84kn1mnRg3Sto7vci4Nuhd6x looked a bit empty .. so threw some change in from my newly minted stake 
Do like watching those numbers pop up for days ..
Do like watching those numbers pop up for days .. Thank you, Sir.
I'll match that contribution for a great coin and a great dev.
Cheers.
Thank you, Sir.
Short Explanation: MovementCF84kn1mnRg3Sto7vci4Nuhd6x has been generated for:
webspace, developers, videos, SSL-certs etc.........(it's a very long list)
This isn't my personal address. --> It's the ZeitKnight's wallet, currently managed by Rent_a_Ray.
I'm gonna send the private key to kiklo and Lion within the next days or we're trying to create a multisig address.
It's a piggy bank
Cheers,
Ray
May 08, 2015, 04:24:23 PM
It's been a while how do i go about unlocking the wallet to send coins? only have the option to unlock for minting.
When the Wallet is locked, send the coins, and it will ask you for the unlock password right before sending.
May 08, 2015, 04:18:48 PM
It's been a while how do i go about unlocking the wallet to send coins? only have the option to unlock for minting.
May 08, 2015, 03:31:06 PM
MovementCF84kn1mnRg3Sto7vci4Nuhd6x looked a bit empty .. so threw some change in from my newly minted stake Do like watching those numbers pop up for days ..
Do like watching those numbers pop up for days .. Thank you, Sir.
I'll match that contribution for a great coin and a great dev.
Cheers.
May 08, 2015, 03:08:06 PM
MovementCF84kn1mnRg3Sto7vci4Nuhd6x looked a bit empty .. so threw some change in from my newly minted stake Do like watching those numbers pop up for days ..
Do like watching those numbers pop up for days .. Thank you, Sir.
May 08, 2015, 02:48:45 PM
MovementCF84kn1mnRg3Sto7vci4Nuhd6x looked a bit empty .. so threw some change in from my newly minted stake Do like watching those numbers pop up for days ..
Amazing work everyone ..
Not sure how to feel about BTER at the moment, ended up losing a chunk of change there in their recent "hack" and stopped using it and making votes. Was playing with DRK and DOGE there for few weeks for points.
Can everyone pester Poloniex as well? There are only so many warnings I can get away with about non-listed coins
Do like watching those numbers pop up for days .. Amazing work everyone ..
Not sure how to feel about BTER at the moment, ended up losing a chunk of change there in their recent "hack" and stopped using it and making votes. Was playing with DRK and DOGE there for few weeks for points.
Can everyone pester Poloniex as well? There are only so many warnings I can get away with about non-listed coins
May 08, 2015, 12:08:21 PM
We can do everything, podizzle
As an example: You take the Blackcoin code and build a new zeit-client based on Blackcoin.
You need parts of your old code for the syncing procedure till Block X. After Block X the client works with a completely different chain format.(SHA256 POS in this case)
Example: Hobonickels
The following constants have been added by Tranz:
For a better understanding:
Let's change the drift time from 1h to 10s. What can happen?
Every new client will work without any issue if the chain is fully synced, BUT if u start syncing at Genesis Block (0), the latest change does not meet the rules.
The new client will not accept any blocks with a drift >10sec.
You have to tell the client that 1h is valid till block X. The constant values are hardcoded blocks in the future. On certain day X at 0:00 the whole network accepts the new rule.
My plan is the following:
We could make a list with all the features that we wanna have.
Then I need some time and some Knights (Clients) for internal testing.
When the new client is working well, we can switch over.
Cheers,
Ray
As an example: You take the Blackcoin code and build a new zeit-client based on Blackcoin.
You need parts of your old code for the syncing procedure till Block X. After Block X the client works with a completely different chain format.(SHA256 POS in this case)
Example: Hobonickels
The following constants have been added by Tranz:
Code: (main.h)
/** Hard Fork Change Times/Block */
static const unsigned int PROTOCOL_SWITCH_TIME = 1371686400; // 20 Jun 2013 00:00:00
static const unsigned int REWARD_SWITCH_TIME = 1369432800; // 25 May 2013 00:00:00
static const unsigned int POS_REWARD_SWITCH_TIME = 1378684800; // 9 SEP 2013 00:00:00
static const unsigned int POS_REWARD_FIX_TIME = 1383177600; // 31 OCT 2013 00:00:00
static const unsigned int POS_REWARD_FIX_TIME2 = 1383606000; // 04 Nov 2013 23:00:00
static const unsigned int VERSION1_5_SWITCH_TIME = 1421489410; // Sat, 17 Jan 2015 10:10:10 GMT
static const unsigned int VERSION1_5_SWITCH_BLOCK = 1600000; // Block 1.6 million, approx same time
static const unsigned int PROTOCOL_SWITCH_TIME = 1371686400; // 20 Jun 2013 00:00:00
static const unsigned int REWARD_SWITCH_TIME = 1369432800; // 25 May 2013 00:00:00
static const unsigned int POS_REWARD_SWITCH_TIME = 1378684800; // 9 SEP 2013 00:00:00
static const unsigned int POS_REWARD_FIX_TIME = 1383177600; // 31 OCT 2013 00:00:00
static const unsigned int POS_REWARD_FIX_TIME2 = 1383606000; // 04 Nov 2013 23:00:00
static const unsigned int VERSION1_5_SWITCH_TIME = 1421489410; // Sat, 17 Jan 2015 10:10:10 GMT
static const unsigned int VERSION1_5_SWITCH_BLOCK = 1600000; // Block 1.6 million, approx same time
For a better understanding:
Let's change the drift time from 1h to 10s. What can happen?
Every new client will work without any issue if the chain is fully synced, BUT if u start syncing at Genesis Block (0), the latest change does not meet the rules.
The new client will not accept any blocks with a drift >10sec.
You have to tell the client that 1h is valid till block X. The constant values are hardcoded blocks in the future. On certain day X at 0:00 the whole network accepts the new rule.
My plan is the following:
We could make a list with all the features that we wanna have.
Then I need some time and some Knights (Clients) for internal testing.
When the new client is working well, we can switch over.
Cheers,
Ray
May 08, 2015, 10:58:00 AM
The proof of stake fundamentals are great but it does need some user friendly upgrades in the upcoming months/years. I think a feature to automatically send newly minted coins would be great. Also there are a few shortcuts other coins use to decrease sync time. Not sure how feasible it is in a coin like zeit. kiklo and ray probably know more.
May 08, 2015, 06:51:46 AM
ThankQ
I am noticing it 'needs some time'
I am noticing it 'needs some time'
May 08, 2015, 06:35:58 AM
TECH Help pls.
– Copy the bootstrap.dat file in the folder \Users\YOUR_WINDOWS_USERNAME\AppData\Roaming\Zeitcoin
– Run the Zeitcoin software to import most of the blockchain locally and then to download only the rest and synchronize the client
And that is it? All automatic? No renaming of the file? Is there an import command?
https://bitcointalksearch.org/topic/m.11092888
I would prefer kiklos snapshot. Fast and easy.
Cheers,
Ray
Regarding your question: Yes, that's it. fully automatic but it needs some time and a couple of wallet restarts.
May 08, 2015, 06:23:51 AM
Target should be 350-370 LIT
All above is day trading fake. Let's keep credible... ZEIT needs TIME...
I never saw anything like the ZEIT community. It's one of a kind in the Cryptosphere.
Cheers
Sound Advice All above is day trading fake. Let's keep credible... ZEIT needs TIME...
I never saw anything like the ZEIT community. It's one of a kind in the Cryptosphere.
Cheers
-----
TECH Help pls.
– Copy the bootstrap.dat file in the folder \Users\YOUR_WINDOWS_USERNAME\AppData\Roaming\Zeitcoin
– Run the Zeitcoin software to import most of the blockchain locally and then to download only the rest and synchronize the client
And that is it? All automatic? No renaming of the file? Is there an import command?
May 07, 2015, 09:09:09 PM
Disclosure: LONG http://www.thebitcoinchannel.com/archives/43909
May 07, 2015, 04:47:01 PM
Target should be 350-370 LIT
All above is day trading fake. Let's keep credible... ZEIT needs TIME...
I never saw anything like the ZEIT community. It's one of a kind in the Cryptosphere.
Cheers
All above is day trading fake. Let's keep credible... ZEIT needs TIME...
I never saw anything like the ZEIT community. It's one of a kind in the Cryptosphere.
Cheers
May 07, 2015, 02:59:39 PM
Wow, we surpassed Primecoin for a while there! Now we are two place under them. Nice!
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