★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 463.

gimmezeit

member

Activity: 93

Merit: 10

Have a ZEIT, have a kitkat.

Quote from: solarion on April 10, 2014, 11:29:03 AM

This coin's inflation rate recently fell by over 78k coins/block to 1/block. Oddly it's not until after that event that the coin dumps really got rolling. I know because I've accumulated more than 1% of the total money supply since that time merely by erecting low ball bid walls on cryptsy. It seems odd that there should be so much dumping on a coin with a healthy 25% stake rate and such a tiny block reward, but at any rate these dumpers will run out of coins to dump and the price will stabilize. The maths for indefinite dumping do not work with a 1 coin block reward and such a low price. I'm standing pat while these guys punch themselves out.

I aim a the same.
Just as with BTC, a low price is not bad if you feel like buying once in a while.

* gimmezeit is watching happily...

edit: "/me" irc code works in here rofl

solarion

hero member

Activity: 966

Merit: 513

This coin's inflation rate recently fell by over 78k coins/block to 1/block. Oddly it's not until after that event that the coin dumps really got rolling. I know because I've accumulated more than 1% of the total money supply since that time merely by erecting low ball bid walls on cryptsy. It seems odd that there should be so much dumping on a coin with a healthy 25% stake rate and such a tiny block reward, but at any rate these dumpers will run out of coins to dump and the price will stabilize. The maths for indefinite dumping do not work with a 1 coin block reward and such a low price. I'm standing pat while these guys punch themselves out.

gimmezeit

member

Activity: 93

Merit: 10

Have a ZEIT, have a kitkat.

Quote from: LionOfNarnia on April 10, 2014, 11:05:42 AM

OFFICIAL WORD ABOUT ZEITCOIN (WALLET) & THE HEARTBLEED BUG

As far as we can be certain, there are NO issues with the default wallet -

(as is the case with most other alt-coins)

The problem is with the (system installed) SSL library, so if you update your system you should be safe from HeartBleed.

You SHOULD have version 1.0.1g of the SSL library after the update.

If you find the installed file is called libssl.so.1.0.0 you may need to check the package manager of your O.S./distro.

You could of course use a custom build of openssl-1.0.1g & link against that library, especially those using any versions of the Linux OS.

I repeat - this is NO specific issue with the default Zeit wallet that needs fixed or patched or anything else. Just practice good general computer security & there's nothing to worry about.

Thanks to the technical team at the community forum for this information Grin

+1

I can not say for sure if it only needs an updated system since there may be binary distributions that use a prepackaged ssl library. But that would surprise me since the library exists on almost any system and in general would be bad practice.

Probably winevirus can say something definitive about this.

In any case the network size of ZEIT is still roughly the same. Down to 250 of the usual 320 on average.

Even if your system is vulnerable. The coin core protocol is not affected. Opening wallets, sending/receiving coins is no problem. Your browser however may be a risk for your whole computer.

http://heartbleed.com/

kuloch

member

Activity: 70

Merit: 10

Quote from: LionOfNarnia on April 09, 2014, 09:05:00 AM

JUST TO LET YOU ALL KNOW...

... what our forum members already should know:-

Zeitcoin & Winevirus have already began to investigate the issue & take action.

A public statement/updates will be made ONLY when they are absolutely certain that the code is 'sanity-checked'.

Please concentrate on what YOU can do, leave the tech-stuff to the experts

Thanks for the good news
I decided to wait until after the solution
Began to buy

kuloch

member

Activity: 70

Merit: 10

Quote from: dmgta on April 09, 2014, 12:22:57 PM

Anyone else following the Zeitcoin twitter looks like we have some whales ready to do a pump on cryptsy could be good lets all support him.

This is not a good thing?
We all hope so
The gas zeitcoin

LionOfNarnia

hero member

Activity: 938

Merit: 1000

Crypto-missionary to the Kingdom of Rhegged

OFFICIAL WORD ABOUT ZEITCOIN (WALLET) & THE HEARTBLEED BUG

As far as we can be certain, there are NO issues with the default wallet -

(as is the case with most other alt-coins)

The problem is with the (system installed) SSL library, so if you update your system you should be safe from HeartBleed.

You SHOULD have version 1.0.1g of the SSL library after the update.

If you find the installed file is called libssl.so.1.0.0 you may need to check the package manager of your O.S./distro.

You could of course use a custom build of openssl-1.0.1g & link against that library, especially those using any versions of the Linux OS.

I repeat - these is NO specific issue with the default Zeit wallet that needs fixed or patched or anything else. Just practice good general computer security & there's nothing to worry about.

Thanks to the technical team at the community forum for this information Grin

kuloch

member

Activity: 70

Merit: 10

Quote from: Matni on April 05, 2014, 03:22:22 AM

Quote from: gazzamc on April 04, 2014, 10:45:27 PM

Any plans on making a Zeitcoin Multipool? It seems to be the in thing Cheesy

It would also eat up all those sell walls and make the coin actually worth something, After it hits 1 Zeit per block no one will mine anymore, why will they when they can just buy at 2 - 3 sat (or not since it's not worth holding right now).

Mulitpools have been mentioned about a dozen times in the last 100 pages. The general thinking is they help destroy smaller coins so if you want one, build it, if you can't build it, find someone who can. Some of us who have been very active on this thread and are now very active on the Zeit forums (link in my sig) don't think a mulitpool is a good idea. If you want Zeit, buy it and POS it.

Great coin
Worthy of more people to have
It believed its future

thsminer

sr. member

Activity: 332

Merit: 250

Quote from: benedictlol on April 10, 2014, 08:55:35 AM

Quote from: thsminer on April 10, 2014, 08:44:52 AM

Quote from: benedictlol on April 10, 2014, 08:38:21 AM

Quote from: podizzle on April 10, 2014, 08:01:51 AM

big sell wall at 1685 satoshis! Cheesy

sadly the wall at 3 will never disappear. I think I may be getting rid of my Zeit today, just don't see it ever going anywhere. :/

Great! I love all those positive minds... Relax, if it doesn't happen today it will tomorrow or next week. Zeit is manipulated, and that can only mean two things - someone wants this coin off the market - someone wants to make a huge profit. The latter is more likely.

it's not a matter of being positive or negative. this is about making/losing money Tongue

In what way is it being manipulated bro, all I can see is a 20 BTC wall that nobody wants to, or even can break - is it one person, or multiple people, we don't know. If one, then yeah this is being manipulated, it multiple, maybe not so much. If that wall at 2 goes, it'll be back within 24 hours I'm sure of it.

edit: I mined from launch believing that this coin would be involved in some way to the Zeitgeist Movement - pretty sure that didn't happen, does this coin have anything else going for it? :/ I can hold a little while longer but if it doesn't move, what's the point?

I agree completely about the involvement, but there are a dozen coins out there with less involvement and at least some price movement. I've scraped a quarter billion Zeit together in the past weeks and just gona sit and wait to see what happens. If it doesn't move, I'll wait. If it rises, I'll wait till it drops and if it starts to shows severe signs of fatigue I get the hell outoff here. So for the moment that 3 sat wall doesn't bother me.

{you know what really annoys me is editing the header every time beause it's over 80 chars} Roll Eyes

benedictlol

full member

Activity: 147

Merit: 100

Quote from: thsminer on April 10, 2014, 08:44:52 AM

Quote from: benedictlol on April 10, 2014, 08:38:21 AM

Quote from: podizzle on April 10, 2014, 08:01:51 AM

big sell wall at 1685 satoshis! Cheesy

sadly the wall at 3 will never disappear. I think I may be getting rid of my Zeit today, just don't see it ever going anywhere. :/

Great! I love all those positive minds... Relax, if it doesn't happen today it will tomorrow or next week. Zeit is manipulated, and that can only mean two things - someone wants this coin off the market - someone wants to make a huge profit. The latter is more likely.

it's not a matter of being positive or negative. this is about making/losing money Tongue

In what way is it being manipulated bro, all I can see is a 20 BTC wall that nobody wants to, or even can break - is it one person, or multiple people, we don't know. If one, then yeah this is being manipulated, it multiple, maybe not so much. If that wall at 2 goes, it'll be back within 24 hours I'm sure of it.

edit: I mined from launch believing that this coin would be involved in some way to the Zeitgeist Movement - pretty sure that didn't happen, does this coin have anything else going for it? :/ I can hold a little while longer but if it doesn't move, what's the point?

thsminer

sr. member

Activity: 332

Merit: 250

Quote from: benedictlol on April 10, 2014, 08:38:21 AM

Quote from: podizzle on April 10, 2014, 08:01:51 AM

big sell wall at 1685 satoshis! Cheesy

sadly the wall at 3 will never disappear. I think I may be getting rid of my Zeit today, just don't see it ever going anywhere. :/

Great! I love all those positive minds... Relax, if it doesn't happen today it will tomorrow or next week. Zeit is manipulated, and that can only mean two things - someone wants this coin off the market - someone wants to make a huge profit. The latter is more likely.

benedictlol

full member

Activity: 147

Merit: 100

Quote from: podizzle on April 10, 2014, 08:01:51 AM

big sell wall at 1685 satoshis! Cheesy

sadly the wall at 3 will never disappear. I think I may be getting rid of my Zeit today, just don't see it ever going anywhere. :/

thsminer

sr. member

Activity: 332

Merit: 250

Quote from: podizzle on April 10, 2014, 08:01:51 AM

big sell wall at 1685 satoshis! Cheesy

are we talking about the same coin...

podizzle

hero member

Activity: 535

Merit: 500

big sell wall at 1685 satoshis! Cheesy

podizzle

hero member

Activity: 535

Merit: 500

Quote from: solarion on April 10, 2014, 01:42:19 AM

Quote from: bumblebee33 on April 10, 2014, 01:35:38 AM

Any update on the heartbleed bug fix for the wallet?

Said they were looking into it a couple pages back. There may be more info on their progress at the zeitcoin forums. I haven't checked there for updates yet.

its relatively safe for coin wallets. if youre feeling paranoid just keep the wallet off for a week

solarion

hero member

Activity: 966

Merit: 513

Quote from: bumblebee33 on April 10, 2014, 01:35:38 AM

Any update on the heartbleed bug fix for the wallet?

Said they were looking into it a couple pages back. There may be more info on their progress at the zeitcoin forums. I haven't checked there for updates yet.

bumblebee33

full member

Activity: 168

Merit: 100

Any update on the heartbleed bug fix for the wallet?

ydrogios

sr. member

Activity: 434

Merit: 250

A multipool soon i think it will start

Bluemustang

member

Activity: 147

Merit: 10

Quote from: ydrogios on April 10, 2014, 12:52:50 AM

Many people in here want a quick up of the price for our coin and is obvious why.Dump the coins.Ok you don`t have faith for the coin why don`t you sell them and leave us to do what`s the best for coin????This coin needs support and the dev crew and supporters do whatever they can to make Zeitcoin a great coin.

Right because doing nothing (planning pumps, starting multipool etc) and letting the coin drop to 1sat or even remove the 1sat buy wall will really let the coin flourish Roll Eyes

ydrogios

sr. member

Activity: 434

Merit: 250

Many people in here want a quick up of the price for our coin and is obvious why.Dump the coins.Ok you don`t have faith for the coin why don`t you sell them and leave us to do what`s the best for coin????This coin needs support and the dev crew and supporters do whatever they can to make Zeitcoin a great coin.

Aosilu Houdali

newbie

Activity: 28

Merit: 0

Anyone else following the Zeitcoin twitter looks like we have some whales ready to do a pump on cryptsy could be good lets all support him.

Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 463. (Read 1009352 times)