Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 322. (Read 1009280 times)

I have a question, 273mil v's 53.000, the stated purpose of POS is to secure the network, does a computer with a wallet containing 273mil coins secure the network any more or any better than one with a wallet containing 53,000?

Dose that large amount of coins make the network any more secure?

Does it cost more to run a computer with 273mil coins on it? 

Thanks

when  bitcoins slow down this is one my main alt coins i mine .  ... and a few others i don't  see them as junk coins i see it different. I see them as nice back up  when some of the bitcoins pools i use slow down. To help fill in the time i might lose other wise . money and time is just that money and time why should it matter what honest way you use it .   

I agree with you. And this is where having our principles laid out and adhered to will come in handy. Afterall, if you have nothing to hide, then there is no reason to hide. Traceability does have it's advantages, just like you said. I personally would not want to just roll over and take the raping if someone was able to hack me and steal my entire investment. I would certainly appreciate the ability to trace the transaction and get my shit back.
 

If I were the security services, I'd certainly target crytpto-currencies proclaiming to facilitate 'untraceable' transactions. There must be many 'privacy' algorithms out there that are scripted by the NSA ready-and-waiting for use by people with something to hide. Also, criminal gangs are now reported to be increasingly focusing their attention on the altcoins with sophisticated malware.

I personally like traceability. It comes in handy if someone tries to steal your coins. A deterrent. That could be a selling point!

Interesting read! That malware has "NSA" written all over it. Big Brother doesn't like having their ability to snoop on us messed with.

A short while ago I bought 36 Million Zeitcoins - just because I felt like it!  

Regarding the use of privacy algorithms, take a look at this:

http://www.theguardian.com/technology/2014/oct/28/tor-users-advised-check-computers-malware

So then how are we different from other proof-of-stake coins? Darkcoin actually has a USD exchange rate, and blackcoin is POS just like us (but only 1% interest, so less inflationary than Zeits). Zeitcoin itself has to be substantially more innovative and offer something more unique than it currently does. Heck, it doesn't even have to be unique itself, it can simply take all the best (useful) features of other coins and integrate them. And then evolve as new innovations to crypto currency take root. So if Darkcoin makes improvements to its privacy mechanism, then we would update along with them. 



You don't say. Do you have any resources I can read to further educate myself about this? This is good to know.


Yea, a game where you can buy in-game currency with Zeit and be able to exchange that in-game currency back INTO Zeit. If you pair this with the ability to also buy in-game currency for US dollars and ensure that all in-game currency is backed up by zeitcoin, this would be great. And if you put a link to the crypsy exchange to show users where you can buy Zeits for cheaper than the established USD rate......




Or like this.

https://www.universeprojects.com/new/index.jsp


Yes, and another goal: slowly accumulate zeitcoins and remove from the market. The bigger our collective market share of zeitcoin, the less "shorting power" other bad actors ultimately have.

Other things to add to the bucket list of goals:

Adopt a privacy algorithm like Darkcoin to implement into Zeitcoin so that they are more anonymous and harder to trace.

Thanks kiklo! Good job.
And many thanks to the multifaucet guy.

Contact the guy running it , it has not finished going thru the Block chain yet for the new features he just added, give it a ~ week or 2 before it is fully up to date and has all of the addresses.

 

Quote from him:
http://www.multifaucet.tk/index.php?blockexplorer=ZEIT¤cy_info
Total blocks:    797949
Synchronized blocks:    11761 (1.47390372 %)
need a wait to full sync.
This process is very slow because I use the old hard drive.
progress raise money for SSD here: http://www.multifaucet.tk/index.php?donate

Yes, the list is showing some single addresses. Not really helpful, but its a beginning.
I don't know how long a crawler needs to discover the chain and put every known address to a database.

ZEITKNIGHTS
Jan 31., 2015
Become a legendary zeight (zeitknight) and help us to help others.
Registration is open for 4 weeks in February, 4 weeks in June, 4 weeks in October.

Currently there are 3 active members.
Rent-A-Ray     |   LionOfNarnia       |  Kiklo    |

Zeit-Knights
Charity            : (Donate up to 10% of their interest stake to help others and fund the Faucet)
Sword & Shield :(Provide Stability to the Zeitcoin Market Price)
ZGames          :(Commission or Partner with OnlineRolePlay Game with a working Zeit wallet)
                       (Also fund specific amount of zeit monthly to be used in Zeit Games)
                       (Also we will setup a ZEIT Game Links on the Web Site & in the Forums.)

Slogans
"Zeit : "Helping the Innocent and Innovation"                  submitted by Rent-A-Ray
“Zeitcoin: based on the Zeitgeist ethos.”                       submitted by BainbridgeJ
"The coin for the times - our time - our coin!"                 submitted by BainbridgeJ
"In Zeit We Trust"                                                      submitted by LionOfNarnia
"Out of Zeit - Out of Mind"                                           submitted by LionOfNarnia
"Zeit : "Innovation for the Innocent"                              submitted by LionOfNarnia
" die Zeit ist hier 'the time is here "                                submitted by Podizzle
"The time (ZEIT) is now!"                                             submitted by UKI
"Zeit will have its time."                                               submitted by tx42
"Give Zeit some time."                                                 submitted by tx42
"Open your eyes, and you will have Zeit!"                       submitted by Atronite
"Building a sustainable and self-sufficient community"        submitted by Atronite

Goals , Long & Short Range for Consideration
Wallets: Option to Combine Blocks, Automatically            submitted by Zels
Wallet Block explorer / Chatrooms / Exchange Link           submitted by Podizzle
Chat button in the qtGUI                                            submitted by Atronite
Build, or Transform an Existing City                               submitted by BitcoinNational
A Directory of Services/Items for sale using Zeitcoins       submitted by BainbridgeJ  
ZEIT Friendly Tourist Location Listings
Making The Zeitcoin Council A Legal entity                     submitted by BainbridgeJ  
Commission an Android Wallet for Zeitcoin                      submitted by kiklo
Exchange Zeit for Preloaded Gift Cards                          submitted by kiklo
Site for buying and selling 3D printing blueprints              submitted by Atronite
Merchandise shop stickers, wallpapers, Watermarks         submitted by Mitras
Charity & Crowdfunding Projects                                  submitted by Rent-A-Ray
Picture shop selling commercial pictures for Zeitcoins       submitted by Rent-A-Ray
Help Support a Charity                                               submitted by fxtronic


Submit a Slogan or express a Goal you would like completed by ZeitKnights
(Included the word Slogan in your Post so we know to add it to the list)
Submit a Unit Description & what function you think it would fill in the ZeitKnights.
Submit an idea for a Zeitcoin Game.

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.

Requirements:
All Members must have 100 million Zeitcoins as a requirement of being part of the Zeit-Knights.
Members with more than 100 million zeit may proxy any extra to someone else to be considered for entry on the Zeit-Knights. (Lion working out the Proxy regulations)

Soon to be Listed under Completed Goals
Thanks to Efforts of Rent-A-Ray
New Wallets to speed up the Zeit Wallet Load time: submitted by UKI

If I missed anyone Slogan or Goal from the last few pages , just PM it to me or repost it.
 

Bitcoin fails to meet requirements necessary to carry out what Zeitcoins is able to do.
Generating Bitcoins is already controlled by industry and is already unprofitable to mine for many, which will get worst in 2016 at its next halving, plus it has a limited number 21 million, not enough for a global world wide adoption even in the satochis.

Zeitcoins gains interest by each zeitcoin wallet helping to secure the network and is managed by the millions of people already using it. It's interest rate & sheer number of coins are some of the key factors that will make it possible to become a worldwide tool in virtual & physical realms. Plus it speed far exceeds bitcoins.
It current price point and the fact it was battered for so long and still survived make it the perfert coin to do this with, plus the fact that most of the people behind this coin have been looking for a way to make this world a better place long before there was a bitcoin.

Could it done with a fiat currency , sure, but they won't , the corporate system that controls our governments will never allow such a thing to occur. The Corporate System is all profit motive , they care nothing for the individual except that they buy their products. Even to the point of blocking knowledge of free or natural items that far exceed anything they produce. For instance all current medical schools in the US are funded directly by Pharmaceutical companies , and they control what info is presented to new doctors, who by the time they graduate owe huge sums of money.
When they start their practice a drug rep stops by every once and a while takes them out to dinner and tells them how much more money they can make giving this new drug instead of the old one (Yep , that right they get paid to prescribe a specific drug to all of their patients.) Think about that the next time your Doc says , lets  try this new drug for your condition. That why Docs always want to change your medicine every few months if you are in the US, they get a higher kickback from the drug companies.
I worked around Hospitals and saw this all of the time, the worst part is 90% of the new drugs have additional side effects and the patients are usually made sicker not better.
Another reason it has to be zeitcoin, we are currently outside of the corporate system and outside of their control , all of which are essential to make this happen.

When the Knights achieve some of the goals in the zeitknight post, we will start exchanging zeit for gift cards and move on to other items, then commission an android wallet, then work out a system with vendors to accept zeitcoins , probably try to partner with an existing company like bitpay, or coinbase and move on from there. We also are going to get a role play game that uses zeitcoin in the game and crosses from the virtual to physical world and back.
Maybe we will try to partner with an already established Online Role Play Game, like second life (will look into that more next year)
But step 1 , we form the round table with ZeitKnights.

 

P.S.
Be sure and click the withdrawal link they send you, it will stay pending until then.
If you just opened your account they hold it for a day or so before you can make your 1st withdrawal.
If you already clicked the link in the email and your account is over 3 days old, contact support if they don't send it within 24 hours.

You do have some good points. It's always been my thought that the only real people you can really market this coin to without bringing in people who may bring in "polluting" ideas are the people in the TZM and other libertarian minded and anti central-banks types of people. That is this coin's original intended audience after all. It is from people who identify with TZM, or at least like the videos, that this coin will appeal to, at least if it is to ever have a future at all. Guess I should have realized that the same people who hate wall street are generally not going to enjoy texas holdem poker for what it is supposed to be, entertainment. =/

Still, I have yet to see any ideas that will actually boost the coin's intrinsic value and put an upward push on the coin's value. Also, I did a test deposit and test withdraw from cryptsy, and so far i haven't gotten my zeit back. Says it is "pending".

Nobody is suggesting that gambling should be banned, or regulated into non-existence in the outside world. The position that has been put forward here so far has been based on strongly-held personal beliefs and that it would conflict with the fundamental ideals upon which Zeitcoin was created. Some feel strongly that gambling should not be endorsed by Zeitcoin.

To give a response to your post in Pounds, Shillings and Pence terms: Ethics (principles) are a very important factor in marketing a business, or any venture in which you are asking people to subscribe to. Ask any large successful company. They spend £millions on being perceived to be acting 'ethically'. In the last episode of the Apprentice, which might still be available on the BBC's i-Player, Lord Sugar gave one of the Apprentices a barracking for being unethical. He said he would not employ anyone who acted unethically.

Being seen to be acting ethically is a powerful marketing tool. It engenders trust in the product, or idea that you are wanting people to buy into. That is the crux of the matter. To use your slogan as an example, some might think that there is a conflict between "Building a sustainable and self-sufficient community" and endorsing gambling on the Zeitcoin websites. Gambling isn't a sustainable activity, unless you are the House with the odds stacked in your favour.

For me that conflict would create distrust and suspicion. Is that something that you would wish to communicate to potential adopters of Zeitcoin?

Ray has already spoken out on the issue, so there is little point in continuing the debate here and now. He is the one who ultimately decides. Zeitcoin is his coin.

I would like to know your thoughts & comments on a possible solution to the above questions.

It seems like problems stems from how a Democracy works, basically the majority vote means that the majority can vote to direct resources to goals any way they see fit, and that is a major concern in any group that a corrupt majority will have corrupt goals and co-opt an individual resources against their will or choice , and this causes resentment in the group.

So now one for the History book, we need a new system that brings people together to complete worthwhile goals , but also makes sure that individual rights & opinions are not ignored or individual resources taken against one's will.

What do you Think of a Zeitocracy ,
which is a group where any can call for a vote for a goal, and once the vote is taken, anyone who votes against that one item does not have to participate in that goal.
Anything that requires Labor , Time , or Financial Resources is always Voluntary.
This will preserve the rights of the individual while also Nullifying the Dangers posed by any Whales that would try to usurp control of the ZeitKnights. Even if the Whales won every vote , if the ones that voted no, just decline to add their resources to the goal, it weakens the Whales chance for success.
This type of system , will make sure that only the Most Agreed upon Goals has the Full Support of all the Knights.

On Votes that don't require Labor , Time , or Financial Resources like the Slogan, that would be simple Majority Vote (Most Votes Wins) .

The Subgroups for example May be setup in any way seen fit by that subgroup,
For Examples: (Only List 2 , sure there will be many more)
ZeitKnights-Charity
(Which would include the Free Faucet and more in the future)

ZeitKnights-Sword & Shield
(Provide Stability to the Zeitcoin Market Price)

Inside the Subgroups , they can chose the Zeitocracy or a Democracy, or even a Leadership based , if they so chose. Since they have the right to join or quit a subgroup. But anything that requires Labor , Time , or Financial Resources is always Voluntary even under subgroups.

On the WebSite at a later time, the Knights Names can be posted under whichever subgroup they join.
To show which Knights support which causes and give them recognition for their work to benefit zeitcoin & the world.

Well what do you think, ideas to improve or reasons it will fail
All Opinions & Suggestions Welcome.

 

To those who are still interested in the "gambling" discussion, I invite you to read this link and make your own conclusions:

https://stockbet.com/#/support/gambling

The crux of the matter: most people are gamblers whether they know it or not. The only difference between gambling and investment is that one is designated as legal, and the other is not (or is highly restricted in order to block competition).

And how would we transform Zeit into a tool that would actually achieve these things? Would it not be easier to use bitcoin or even fiat currency to do these things?

Everything you propose takes money, which is really the power to persuade one human being to part with his valuable resource (whether that be tangible, labor, experience, consultation, etc) for this medium of exchange so that they can USE that medium of exchange to acquire something else they desire (diamonds, food, gold, water, healthcare, internet, prostitutes, etc).

Right now, no one accepts Zeitcoins so how do you want to change that situation?

Anyways, as long as we're on the topic of slogans, here's one that should appeal to you all:

"Building a sustainable, resource-based world community using the technology of knowledge of today."

If you want it shorter, then maybe "Building a sustainable and self-sufficient community" will do.

TED Talks ‏@TEDTalks  27 minutes ago

"A leader isn't good because they're right; they're good because they're willing to learn and to trust."

http://trib.al/lEAWMLu

Let's build this Z-CORE together.
I think kiklo's slogan collection might be a good base.

One important point for me (Ray): Helping the helpless. (it is also the core of Chivalry)
It's very easy to help. (not only with ZEIT or FIAT)


---------------------------------------------
* Helping the Helpless
* A Voice for the Voiceless
* Protection for the Defenceless
* (PLACEHOLDER)
* (PLACEHOLDER)
* (PLACEHOLDER)
* (PLACEHOLDER)
* (PLACEHOLDER)
* (PLACEHOLDER)
* (PLACEHOLDER)
---------------------------------------------

Let's go on... First we should collect ideas.
(Please beware things like 'water for Africa' - it's the same like 'helping the helpless')
If we add Technology to the CORE - same here: Farming robots = Technology

Is this procedure acceptable for you?

Cheers,
Ray