★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 343.

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

glad to see some price movement, but even more glad to see a lively discussion in this thread. When is the last time three pages of posts were filled so quickly? That is a good sign of interest coming back to ZEIT, just a tad ahead of the year of ZEIT Grin

I wouldn't really bother about some price drop today, it is just to cool down the technical indicators and resume a stable growth afterwards. Importantly, we are now (stable) in the area of 0.5 satoshi at the current LTC/BTC exchange rate. Good to see that, and hopefully not too long ahead we will be able to switch to BTC markets again, like in good ol' days.

kiklo

legendary

Activity: 1092

Merit: 1000

Ups & Downs of a Trading Market,

No Big Deal, look at it like this ,
no matter how this trading day ends, some zeitcoins sold for 55 , when we were at 13 a few months ago.

If someone who does not know the value of what they are holding , wants to basically give zeitcoins away,
that works, because we will be able to get more for less. (Those of us who see its true value)
And when zeitcoins are 10x their current price , they are going to be wondering why they ever sold their zeitcoins for nothing. Cheesy

FYI:
One of our Strengths is Time, we don't have to rush to succeed.

LionOfNarnia

hero member

Activity: 938

Merit: 1000

Crypto-missionary to the Kingdom of Rhegged

As I forecast not an hour ago Sad

craptsy is now full of sells, pushing the price back down.

Too much too soon, people.

CALM THE FUCK DOWN!

LionOfNarnia

hero member

Activity: 938

Merit: 1000

Crypto-missionary to the Kingdom of Rhegged

Heads up!

Panda currently trading @ 671 lit, Zeit @ 51

Yet Usepnd.com are still offering 20 Zeit per PND.

That's 50% profit.

(Esp. for SteveG)

kiklo

legendary

Activity: 1092

Merit: 1000

Quote from: LionOfNarnia on October 07, 2014, 04:55:38 PM

Jeez, we'll need a Zeit-Lawyer at this rate - and that's NEVER a good thing Wink

Had a thought about WHY Zeit can succeed over coins that have teams of devs with massive budgets...

In the 1960s', during the 'space-race', NASA spent hundreds of millions of (taxpayer) dollars designing & developing a pen that astronauts could use in zero gravity.

Cosmonauts went into space with standard pencils.

Think about it.

OK, OK, I'll try to codify the proxy rules.

I have until after the solstice, yes?

You are a Lion ,
Take as long as you Want! Cheesy

FYI:
We don't start the registrations until Jan 31, 2015 ,
so time is on your side.

LionOfNarnia

hero member

Activity: 938

Merit: 1000

Crypto-missionary to the Kingdom of Rhegged

Jeez, we'll need a Zeit-Lawyer at this rate - and that's NEVER a good thing Wink

Had a thought about WHY Zeit can succeed over coins that have teams of devs with massive budgets...

In the 1960s', during the 'space-race', NASA spent hundreds of millions of (taxpayer) dollars designing & developing a pen that astronauts could use in zero gravity.

Cosmonauts went into space with standard pencils.

Think about it.

OK, OK, I'll try to codify the proxy rules.

I have until after the solstice, yes?

kiklo

legendary

Activity: 1092

Merit: 1000

Quote from: Mitras on October 07, 2014, 03:51:49 PM

I think the price increase is very good for the Coin to make it more public.

If we want to help someone someday, whats about a fund? I would spend 30% of the Coins which I earn by minting!
Is there a possiblity to make something like that?

The current requirement once on the zeit counsel will be 10% of the 100 million zeitcoins monthly,
however how different counsel members decide on side projects to help people is entirely up to them.

On the Proxy issue, if they agree, would like Ray & Lion to set up any rules they feel necessary to keep the proxy from being misused. Once they have a draft of rules will add them to the counsel posting.

If someone helps us with things like wallet programming, website, social media etc. he should automatically become a counsel knight.
+1

Anyone providing a service to Zeitcoin , that the current counsel members agree is valuable to zeit.
Can be inducted into the counsel at any time.

Cool

stevegreer

legendary

Activity: 1148

Merit: 1001

Official Zeitcoin community ambassador

Still showing 1 sat on crypto-prices.com/ZEIT, so I wouldn't worry too much about the wrong crowds being attracted just yet.

LionOfNarnia

hero member

Activity: 938

Merit: 1000

Crypto-missionary to the Kingdom of Rhegged

We've grown over 100% in a few weeks.

In this cray-zee cryptosphere that is CERTAIN to attract the wrong people, for the wrong reasons Sad

I think we need to back off.

NOW!

Rent_a_Ray

legendary

Activity: 1344

Merit: 1046

If i am able to help to move something, i would spend 50% of my coins, not only the minting...
But slow down... Zeit is not ready right now...

LionOfNarnia

hero member

Activity: 938

Merit: 1000

Crypto-missionary to the Kingdom of Rhegged

Quote from: Mitras on October 07, 2014, 03:51:49 PM

I think the price increase is very good for the Coin to make it more public.

If we want to help someone someday, whats about a fund? I would spend 30% of the Coins which I earn by minting!
Is there a possiblity to make something like that?

A slow, steady growth - due to more new people buying into Zeit for the future - IS a good thing.

A forced bubble will only benefit the greedy speculators.

Mitras

member

Activity: 76

Merit: 10

I think the price increase is very good for the Coin to make it more public.

If we want to help someone someday, whats about a fund? I would spend 30% of the Coins which I earn by minting!
Is there a possiblity to make something like that?

gregofdoom

legendary

Activity: 1834

Merit: 1006