Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 501. (Read 1009280 times)

welcome - it's nantucket time.. let's stop the troll-whales...

PS: Zeitcoin is ready to enter the zeitelvoss index....

;-)

Greets,
Ray

very well explained, thanks 

PoW isnt suppose to end, but i suspect it will be impossible to mine PoW blocks

A counter would not be very usefull since the block rate is far from being exactly 1 every 30 seconds


In 32 hours week 5 will end, based on the block count. expect it to end in 20-32hours due to higher block rate

week 5 took 3days and 17hours

assuming week 6 takes the same amount of time

we will be at 1ZEIT/block on april 3rd

  Excellent!

Thanks for the update too, glad to see it's coming along.
It'll be a great tool for the Zeitcoin community think tank.

Your 'stake' (2,638,157) will generate 25% (659,539.25) OVER THE COURSE OF THE 1st YEAR.

It does this in 20-day chunks.

365/20 = 18.25

659,539.25 / 18.25 = (TAH DAH!) 35,650

So you can expect the same every 20 days for a year (roughly)

It comes in as 'mined' because your 'stake' acts like a miner to generate coins.

Note the occasional Minting will initially NOT be accepted by the blockchain, don't panic, it'll all come good in the end.

Note that if you don't spend anything, in year 2 you will get 20% on 2,638,157 + 659,539.25 so this time next year you wallet will hold 3,297,696.25 & you can expect 659,539.25 in Minting @ 35,650 every 20 days.

In 2 years your 2.6 Mill will have grown to 3,957,235.5

NOW do you get it?

E2A - Double-posting so soon will not win you friends.

I just got a payout from a purchase 20+ days ago

I bought 2,638,157, and transferred it to my wallet immediately.

My payout today was 36,326

However, I expected 527,631 (assuming 20%)


BUT --- I am confused, because it came through as MINING  ... yet I am not mining, I just have my wallet open.



Anyway, what POS am I due from 2,638,157 (2.6 million)?

Some news about the Zeitcoin forum:
* Server issues fixed.
* Mintpal & Cryptsy values/markets are showing in Header
* Open Beta now... (for Moderators, Admins)



Have a nice day/night,
Ray

I just got a payout from a purchase 20+ days ago

I bought 2,638,157, and transferred it to my wallet immediately.

My payout today was 36,326

However, I expected 527,631 (assuming 20%)


BUT --- I am confused, because it came through as MINING  ... yet I am not mining, I just have my wallet open.



Anyway, what POS am I due from 2,638,157 (2.6 million)?

How many days until pure PoS? Is there a countdown counter?

+ 1

Forum will be there soon, just hope it's designed to have a private place for strategy & tactics to be discussed away from those who do not truly share the vision.

I hear many talking about 'the end of PoS' but as I understand it, it does not end it just gets less rewarding (in terms of Zeit/Block).

As I've said many times, my belief is, for this coin to 'succeed', it's price MUST rise so that it's still (roughly) as profitable in terms of Fiat/hashpower as any other coin. Maybe a little less (15%?) so it's less attractive to the inevitable 'invasion of the ASICS' which is already starting.

WHAT I'D LIKE is a definitive statement about this by the Devs.

Dunno if it's scam, but tried it some hour and no one mining there
find an active pool, no point to start a new one when pos will end soon

This is a great topic to have in the new forum. I was thinking the same.
There are many in TZM threads that agree with crypto but hardly know enough to get into it or support it.
That's untapped potential, and if integrated correctly, this could take off faster than we know it.
It's one of the many things we can put our heads together on in our own space, I'm done with bitcointalk.
Presenting a better explanation of cryptocurrency and this communities intentions will surely attract more from all around.
They'll see that the TZM movement has fallen short of action and crypto can take steps to making that dream a reality.

But of course we still need to prove ourselves, and the sooner the better I say.
Don't know how much longer this game will go on before governments/banks start to work their tentacles into the equation, which I see happening more and more everyday.
I see other coins/communities taking steps that will ultimately lead them right back into the hands of corporations/banks/govs.
They're willingly inviting the very filth that got us to where we are currently, just for personal gain.
Is this what this community is about? Hope not.

I think we need more activists, thinkers, revolutionary thoughts, and less coin collectors/speculators.
There are some here don't care about TZM or helping anyone but themselves.
They still think money is their salvation.
But they too may just need the veil lifted from their eyes.

I still admire the saying "Crypto was created to free the people and unite the world", because that's what it can be.

So I suggest to write down all your great thoughts/ideas and bring them to our round table Zeitcoin discussions heh.
Because here, you may get a few responses, but in our own forum, we could hash out details on projects for hours without being interrupted by "cryptorush stole me zeit " lol.

One member here called it out as a scam last week but nothing has been heard since.

Seems interesting!

Can you say anything about it's security?
Is it very safe to use?

Iv been thinking (brace yourselves), and I think we need to try the TZM angle again! because thats one way we can attract some serious investment for this coin! if they start investing and starting seeing if they have businesses that they can get to accept the coin etc then we will start to get somewhere! I really think we should start reaching out to them again

Everybody has to start from something

Rush didn't steal anyone's coins, their stupid coding with the wallets meant some people had more coins than they had deposited and they did what people do and withdrew them all. By the time they realised, they were massively in debt so they pulled the plug and blamed the Zeit dev [ZEITCOIN]. It's the exact same thing they have since done with Black Coin. It's what is known as a "Charlie Foxtrot" or Cluster Fuck.

HOWEVER, since coming clean about the BC debacle, they have since admitted their responsibility for the Zeit loss and have said they WILL reimburse. Check their Twitter

https://twitter.com/TheCryptoRush

Here's a handy tool for working out where to buy...

http://www.cryptonator.com/

An online, index-linked conversion tool for about 200 cryptos - including ZEIT

For example, right now 2 sats = 72 lit, 3 sats = 109 lit  -  so where should we be buying?