★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 397.

solarion

hero member

Activity: 966

Merit: 513

Quote from: trogdorjw73 on May 08, 2014, 07:17:25 PM

Quote from: solarion on May 08, 2014, 06:49:13 PM

Quote from: sdersdf2 on May 08, 2014, 06:32:18 PM

Going strictly by the cryptsy and mintpal charts, is this a dead coin?

Not at all. Many just have extremely short attention spans.

Trade volume: under $500 per day
Number of coins: "too many" (20 billion, give or take) and growing "too fast" (25% for the first year)
Price follows the above, giving you the 1 satoshi rate we're seeing.

My thoughts? Yes, ZEIT is pretty much dead. There are so many other coins out there that have gathered more interest, and if no one is interested in a coin then it really serves little purpose.

Flawed arguments are flawed. The number of coins minted need not be guessed at or generalized. It's exactly 27428309200.095898 right at this second. PoW phase is over and with the huge number of coins on exchanges there are not a lot of coins being minted. The monetary inflation rate is quite low. Where can you buy for 1 satoshi? I'm on that. I too would like to see Zeitcoin adoption expand, but these things take time.

trogdorjw73

hero member

Activity: 482

Merit: 500

Quote from: solarion on May 08, 2014, 06:49:13 PM

Quote from: sdersdf2 on May 08, 2014, 06:32:18 PM

Going strictly by the cryptsy and mintpal charts, is this a dead coin?

Not at all. Many just have extremely short attention spans.

Trade volume: under $500 per day
Number of coins: "too many" (20 billion, give or take) and growing "too fast" (25% for the first year)
Price follows the above, giving you the 1 satoshi rate we're seeing.

My thoughts? Yes, ZEIT is pretty much dead. There are so many other coins out there that have gathered more interest, and if no one is interested in a coin then it really serves little purpose.

solarion

hero member

Activity: 966

Merit: 513

Quote from: sdersdf2 on May 08, 2014, 06:32:18 PM

Going strictly by the cryptsy and mintpal charts, is this a dead coin?

Not at all. Many just have extremely short attention spans.

gazzamc

full member

Activity: 189

Merit: 100

Quote from: sdersdf2 on May 08, 2014, 06:32:18 PM

Going strictly by the cryptsy and mintpal charts, is this a dead coin?

I hope not, there is currently too many dumpers once their gone we can get back to rising in price... they killed off the little growth we had a few weeks back.

sdersdf2

full member

Activity: 224

Merit: 100

Going strictly by the cryptsy and mintpal charts, is this a dead coin?

solarion

hero member

Activity: 966

Merit: 513

Quote from: Ragz on May 08, 2014, 04:10:37 PM

yeah I go back and forth all day about zeit.....just don't see it coming to fruition unfortunately, although later today i'll be all about it again and wanting to buy more

This coin is still very young. The wallet was very mediocre. That's been addressed and now I'd rate the wallet as above average. The block explorer at least shows TxIds properly now. The forum is picking up steam and there are projects in the works.

Compare Zeit to doge fas. Doge has over 76.6 billion coins mined, will soon have 100 billion, and will continue to mine 5 billion coins/year. Yet even without paying interest each one costs 106 satoshis presently.

There are 27.4 billion Zeit. None are being mined, the stake rate is modest at this point, they pay a healthy interest rate, and they cost less than 3% of what a doge does.

Note, I've nothing against doge, save the inflation rate. These are just the cold hard numbers.

Ragz

newbie

Activity: 32

Merit: 0

yeah I go back and forth all day about zeit.....just don't see it coming to fruition unfortunately, although later today i'll be all about it again and wanting to buy more

trogdorjw73

hero member

Activity: 482

Merit: 500

Zeitcoin's block explorer needs some help. While it's nice to be able to search for hashes and transactions, what we really need is something that readily shows the total ZEIT in circulation, as well as the mining values of each block (PoW or PoS). Compare MINT's explorer to the current ZEIT explorer -- there's so much more useful information on the MINT explorer it's not even funny! Of course, if we had all of the ZEIT information, people would likely understand better why the price is at 1/2 satoshi and falling.

podizzle

hero member

Activity: 535

Merit: 500

so whats next for zeitcoin?

Ragz

newbie

Activity: 32

Merit: 0

yeah maybe if the price every moved up above 5sat I would make a little bit, but unless that happens i'm not making much

Rent_a_Ray

legendary

Activity: 1344

Merit: 1046

Quote from: Ragz on May 08, 2014, 11:46:25 AM

makes my measly 32mil seem really insignificant

Hehe, that's not bad...
My history:
0,5 Mil Mining, 2 Mil Bounty - 25 Mio Investment.
It seems insignificant, but it is a good start... Wink

solarion

hero member

Activity: 966

Merit: 513

Quote from: Ragz on May 08, 2014, 11:46:25 AM

yeah his total money supply if that is not shoped is about 1.474 billion coins. makes my measly 32mil seem really insignificant, also means he holds close to 5% of all coins

Coins that aren't on exchanges and aren't being dumped, but are instead securing the network.

Ragz

newbie

Activity: 32

Merit: 0

yeah his total money supply if that is not shoped is about 1.474 billion coins. makes my measly 32mil seem really insignificant, also means he holds close to 5% of all coins

solarion

hero member

Activity: 966

Merit: 513

Quote from: BCMann on May 08, 2014, 11:18:51 AM

yes he gained to much! more than 1.7 billion..

Current money supply is 27,424,216,735.

Rent_a_Ray

legendary

Activity: 1344

Merit: 1046

Quote from: Bansheroom on May 08, 2014, 10:19:18 AM

Do the math and see how many coins this wallet must have to get this stake amount.
Either the image is photoshopped or this coin has really a big problem.

What is the math?
Do you know solarion's coinage and his amount of zeit? What if its age is 60?

BCMann

newbie

Activity: 36

Merit: 0

yes he gained to much! more than 1.7 billion..

solarion

hero member

Activity: 966

Merit: 513

Quote from: Bansheroom on May 08, 2014, 11:13:03 AM

Quote from: solarion on May 08, 2014, 11:03:41 AM

Quote from: BCMann on May 08, 2014, 10:28:29 AM

But if the Person has not opened his wallet for 20 days.. and he has a huge volume of coins... there is no problem.. the next 20 days he ll see no minting.. but I can cry if I compare my wallet with these pictures Sad

You could also buy more.

Event with this 20 days specualtion, the amount of coins in this single wallet must be so huge that it would be a problem itself.

How do you figure?

Bansheroom

sr. member

Activity: 434

Merit: 250

Quote from: solarion on May 08, 2014, 11:03:41 AM

Quote from: BCMann on May 08, 2014, 10:28:29 AM

But if the Person has not opened his wallet for 20 days.. and he has a huge volume of coins... there is no problem.. the next 20 days he ll see no minting.. but I can cry if I compare my wallet with these pictures Sad

You could also buy more.

Event with this 20 days specualtion, the amount of coins in this single wallet must be so huge that it would be a problem itself.

solarion

hero member

Activity: 966

Merit: 513

Quote from: BCMann on May 08, 2014, 11:05:43 AM

<--- miner

Nice, me too, but with only 1.5mh/s it's pretty slow going.

BCMann

newbie

Activity: 36

Merit: 0

<--- miner

Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 397. (Read 1009346 times)