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Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 455. (Read 1009352 times)

hero member
Activity: 966
Merit: 513
come on guys lets knock down that 4 Cong wall! Cheesy Cheesy

what's special about zeitcoin? And does that big pile of whales in the sell order book on Mintpal worry anyone?

Personally I think it's backed up by significant ideology, which in no small part pays credence to decentralisation of power, the main strategy of crypto currency. Zeitgeist is well known throughout the free of our world that know we are enslaved, particularly now by debt. Again personally I have a project underway that I wish to link with zeitcoin and zeitgeist, such a project will have effects throughout our media and the real world. Hundreds of pages back on this forum I mentioned this. Right now is important and simple strategies we are battling out to get noticed by investors, the same strategies as the other more intelligent coins. The one huge difference is the size of the number of supporters of the zeitgeist movement that still have yet to hear of their new coin. It could be said that having a coin for zeitgeist goes against the movement but quite the contrary, as anything that redistributes wealth from the establishment helps us to achieve momentum in re-establishing that collectively and with belief we can regain our freedom. It only takes the flap of a butterfly's wings you know... hurricanes and all that.

That's beautiful man...just beautiful! Grin

Really great post.
member
Activity: 75
Merit: 10
come on guys lets knock down that 4 Cong wall! Cheesy Cheesy

what's special about zeitcoin? And does that big pile of whales in the sell order book on Mintpal worry anyone?

Personally I think it's backed up by significant ideology, which in no small part pays credence to decentralisation of power, the main strategy of crypto currency. Zeitgeist is well known throughout the free of our world that know we are enslaved, particularly now by debt. Again personally I have a project underway that I wish to link with zeitcoin and zeitgeist, such a project will have effects throughout our media and the real world. Hundreds of pages back on this forum I mentioned this. Right now is important and simple strategies we are battling out to get noticed by investors, the same strategies as the other more intelligent coins. The one huge difference is the size of the number of supporters of the zeitgeist movement that still have yet to hear of their new coin. It could be said that having a coin for zeitgeist goes against the movement but quite the contrary, as anything that redistributes wealth from the establishment helps us to achieve momentum in re-establishing that collectively and with belief we can regain our freedom. It only takes the flap of a butterfly's wings you know... hurricanes and all that.
hero member
Activity: 966
Merit: 513
come on guys lets knock down that 4 Cong wall! Cheesy Cheesy

what's special about zeitcoin? And does that big pile of whales in the sell order book on Mintpal worry anyone?

It's the spirit of the age man!

PoS coins are becoming more popular as diff goes up and exchange rates drop. Zeitcoin will pay over 2%/month for holding without using any power. This is the least expensive coin I'm aware of with these features. Also the drop in PoW reward to 1/block guarantees that supply will constrict. Also this coin enjoys tremendous community support.

Whales...what whales? ;p They're just being capitalists. They bought at lower levels and they're selling at higher levels on mintpal. Nothing wrong with that. The zeitcoin dev team just got the multipool cranked up to begin chewing up those ask walls.
member
Activity: 75
Merit: 10
Not sure I followed all that, but it seems to me it's the ask wall at mintpal that will hold zeitcoin down. The price at cryptsy will roughly mirror that. While it's currently a little cheaper to buy on cryptsy for ltc at current exchange rates, the fees are higher there and the ltc/btc price is pretty volatile. Aiming the pool to buy from mintpal is the right choice imo.

I've got 24 MH/s on Vertcoin at the minute. Equivalent is about 60 MH/s on the multipool, is it worth me switching? My electricity bill is about £85 to £90 a day.

Wow, Dale with the big scrypt cannon. Grin

Right this second, I would say definitely because vertcoin diff is really high, the price is fairly meh atm, and scrypt-n is so much less efficient. Whether it's better longterm or not is a difficult question as there are many constantly changing variables. As long as wafflepool mines what's most profitable I suspect you'd be better off with zeitpool.

Ok cool I'll get all my machines reconfigured now. Just noticed 10 of them are asleep! Bet my business partner has unplugged the Internet cable in his house AGAIN. See what happens, I'm in negative equity with vert at the moment anyway.
full member
Activity: 224
Merit: 100
come on guys lets knock down that 4 Cong wall! Cheesy Cheesy

what's special about zeitcoin? And does that big pile of whales in the sell order book on Mintpal worry anyone?
hero member
Activity: 535
Merit: 500
come on guys lets knock down that 4 Cong wall! Cheesy Cheesy
hero member
Activity: 535
Merit: 500
i wasnt being rhetorical? does it really mean time? that is cool

edit: ok its time in german. i knew it was a german word just didnt know what it meant
sr. member
Activity: 448
Merit: 250
Only 280 LTC can put cryptsy prices pushed to 350. 280LTC equal to 7 BTC! ! ! ! ! !

I just want to tell you that yesterday someone 28BTC 4 Cong pushed to the price, definitely not as good as in cryptsy with seven BTC good effect!

You've quoted yourself. I'm confused.

Seems like he's just too excited about someone spending 28 BTC and knocking down the 3 Satoshi wall, completely ignoring that it's not practical to buy high on Cryptsy as eventually it will balance out.

@Fengzi

If someone does push price higher on Cryptsy, that doesn't mean others will buy higher on Mintpal. They will buy at Mintpal and sell at Cryptsy. Knocking down the price. It has to be done at both the places and with equal volume. I am buying in LTC between 3-4 BTC.
hero member
Activity: 966
Merit: 513
Only 280 LTC can put cryptsy prices pushed to 350. 280LTC equal to 7 BTC! ! ! ! ! !

I just want to tell you that yesterday someone 28BTC 4 Cong pushed to the price, definitely not as good as in cryptsy with seven BTC good effect!

You've quoted yourself. I'm confused.
member
Activity: 93
Merit: 10
Only 280 LTC can put cryptsy prices pushed to 350. 280LTC equal to 7 BTC! ! ! ! ! !

I just want to tell you that yesterday someone 28BTC 4 Cong pushed to the price, definitely not as good as in cryptsy with seven BTC good effect!
hero member
Activity: 966
Merit: 513
Think he was just asking if the word "zeit" also meant "time" in Chinese. ;p
member
Activity: 93
Merit: 10
Only 280 LTC can put cryptsy prices pushed to 350. 280LTC equal to 7 BTC! ! ! ! ! !

Pushing cryptsy up to 350(9 satoshis) is useless though. You'd just be overpaying while you can still buy at 4 on mintpal. Cryptsy price would just fall back down to where it is now. 

I know that Chinese people can buy the mintpal of zeit out quickly, this is a chain reaction! Please believe me! I just poor people have no way to operate!

does zeit mean anything in chinese?

I am a Chinese, you do not understand Chinese people, if zeit soared, speculators will see all of these speculators are various organizations and legions appeared, their influence is very large, lucrative place will there they are, we see most of the previous March promising a wave of miners currency will grow, but only zeit never more than 10 Cong, so his potential is enormous, those speculators know this. Please forgive my English, maybe you understand that he must rely on guess, by the way, I use google translate! Haha
hero member
Activity: 535
Merit: 500
Only 280 LTC can put cryptsy prices pushed to 350. 280LTC equal to 7 BTC! ! ! ! ! !

Pushing cryptsy up to 350(9 satoshis) is useless though. You'd just be overpaying while you can still buy at 4 on mintpal. Cryptsy price would just fall back down to where it is now. 

I know that Chinese people can buy the mintpal of zeit out quickly, this is a chain reaction! Please believe me! I just poor people have no way to operate!

does zeit mean anything in chinese?
member
Activity: 93
Merit: 10
Only 280 LTC can put cryptsy prices pushed to 350. 280LTC equal to 7 BTC! ! ! ! ! !

Pushing cryptsy up to 350(9 satoshis) is useless though. You'd just be overpaying while you can still buy at 4 on mintpal. Cryptsy price would just fall back down to where it is now. 

I know that Chinese people can buy the mintpal of zeit out quickly, this is a chain reaction! Please believe me! I just poor people have no way to operate!
hero member
Activity: 966
Merit: 513
Only 280 LTC can put cryptsy prices pushed to 350. 280LTC equal to 7 BTC! ! ! ! ! !

Pushing cryptsy up to 350(9 satoshis) is useless though. You'd just be overpaying while you can still buy at 4 on mintpal. Cryptsy price would just fall back down to where it is now. 
member
Activity: 93
Merit: 10
Only 280 LTC can put cryptsy prices pushed to 350. 280LTC equal to 7 BTC! ! ! ! ! !
hero member
Activity: 966
Merit: 513
im now mining on zeit multipool! LETS DO THIS!!!!!!!!!! FAC FAIRCOIN!!!!

lol

Some rascal added to the ask wall. More cheap zeit!
hero member
Activity: 535
Merit: 500
im now mining on zeit multipool! LETS DO THIS!!!!!!!!!! FAC FAIRCOIN!!!!
hero member
Activity: 966
Merit: 513
So is it working now? Is it paying out in Zeit?

It's going to take time. No idea what wafflepool min payout is, and I'm too lazy to check. Tongue Moving freshly transmitted BTC dust around leads to unnecessary fees, so it probably won't happen until there's a enough for a decent buy. In addition I think one of the zeitcoin devs mentioned that this process was manual atm, so we're probably just going to have to wait awhile to see the results. Wafflepool has that slick link to show coin balances/converted/confirmed/unconfirmed/btc value so there's a ton of information to work with. Comparing all that information to the value of the zeitcoin we get in return should be child's play...even with my meager maths.

If you believe in zeitcoin, you're sitting on a stack of them. If so then this should be an excellent way to stack moar while also helping to increase the value of your stack.
member
Activity: 112
Merit: 10
I have been mining WafflePool for sometime now, for BTC... but would much rather help in chipping away at the 3,4,5 and even 10 walls that are popping up on Mintpal. This community is awesome and deserves the effort of each of it's members to try and make it better and help with every little bit possible.

I have moved my tiny 1.8Mh/s to the ZEIT WafflePool and hope to see many others do the same and watch this coin take-off!

So is it working now? Is it paying out in Zeit?

I think the zeit payout will be on a daily basis.
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