Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 68. (Read 1009280 times)

Sounds to me , like you already made your mind up.
The Community and Traders control the price variations by their choices to buy , sell or hold.

Right now its seems that the traders that purchased Zeit up to 6 sat , are dumping at 1 and possibility lower.
So most buyers are waiting for them to drop the price even lower before they buy in or waiting for a price crash in BTC, so a buy in would be cheaper in fiat.

Look , I assume you are a grown up and are old enough to make your own decisions.
So it is simple.
Sell and get what you can.
or
Hold and wait for the price to increase.

It really is not that hard, personally I am a ZEIT Knight and I will be holding my 248 Million ZEIT coins come Hell or High Water, and you can monitor my holdings at McTB1Hv4FMsuvUAnmjcdPbXta51qJ7wSWD to see for yourself, my faith in the future of ZEIT is unyielding.

I see a bright future for ZEIT, if you don't , well your choice on what you do,
We may drop lower , we may not, there is a massive amount of manipulation in the markets pretty much all of this year.

ZEIT is not like other coins, no one is going to break our spirit / will by any price manipulation shenanigans.
Make your choice, but ZEIT will continue, either way until we reach our goals.


 

FYI:


FYI2:
And just to put something into perspective for you, when we started the ZEIT Knights,
the price to attain 100 Million coin requirement was only ~$75 US.
Now the price to attain 100 million coin requirement is ~$5753 US
So saying our price has not changed verses fiat is incorrect on your part.  

Zeit seems a waste of time and money to me, For months they have shown no progress, the price is always dumping like golem. I don not find a real life use case for zeit. Zeit community please respond.

Bittrex , the next cryptsy ??   

https://cointelegraph.com/news/bitcoin-altcoin-exchange-bittrex-eyed-with-suspicion-due-to-thousands-of-mysterious-account-closings


FYI:
I talked to a couple of US users , they are also locked out of their bittrex accounts.


 

Excellent point,
The fact is all PoW coins, no matter how successful at the moment are all fated to the same dead end.
At some point the monetary and environmental costs will outweigh their network and they are destined to either die or switch to PoS.
Many areas are already banning PoW mining warehouses due to their increasing strain on the electric grid, which in some areas was raising the electric rates for all people.
ZEIT is energy efficient and cost effective to maintain, we are the future of crypto.

 Recent Article on https://cointelegraph.com/news/the-history-and-evolution-of-proof-of-stake
 

How ZEIT handles the so called challenges.  

1. Distribution. Since block rewards go to stakers, how do you distribute coins initially?
Initial Coins were generated thru Proof of Work, and later our high inflation rates (for 3 years) kept the price low enough that anyone could afford to own a large amount of ZEIT, if they saw fit.

2. Monopolization. Those with a significant amount of coins reap a majority of all future coins.
Our Ultra Low Inflation Rate put an end to this concern. As you can earn free dogecoins or sell your stake from other coins and buy more coins per day than our ULI of .0005% per year can generate.

3. 51% attack. Just like how Proof of Work (PoW) has to be wary of a 51% attack from a miner, so too does PoS have to be wary of a staker who has a 51% stake weight.
ZEIT uses Coin Age, to make sure the % is always in flux, plus as an attacker earns stake , he automatically decreases his % for a set time, making 51% attacks against our coin extremely difficult and extremely short in their duration (compared to a PoW coin where a 51% attacker can keep control of the network indefinitely . Also the cost to becomes a 51% stake holder drives up the price and would make the attacker lose all of his investment. Chinese have an a constant over 60% control of bitcoin for over 2 years, funny no one worries about them,

4. Nothing at Stake (NoS).
This was a manufactured lie made up by Bitcoin's Satan G. Maxwell,
as a propaganda tool to discredit Proof of stake.

For it to even be attempted requires that all Clients perform a process called multistaking.
None of the PoS wallets in release today allow multistaking.
And in truth , if studied, multistaking is an idiotic waste of resources which can make PoS burn more CPU & memory resources than even PoW, wasteful and stupid is the best description of multistaking.
For more detailed explanations are  
https://bitcointalksearch.org/topic/m.17135430
&
https://bitcointalksearch.org/topic/m.17136990


 

In regards of fiat Zeitcoin was worth 0.000001$ in September 10th 2014 now its worth 0.000058$ So its a pretty good return in 2 years cant see any bank doying those rates, peopple really dont know that fiat is worth crap and bitcoin is proving that!
And one more thing many coins are switching to pos zeitcoin is one of the oldest ones out there, When peopple realize that, oh boy!

So you have no Faith in ZEIT.

My questions to you, are this.
What have you personally done to make it worth something?

You need to decide what you are?

Are you a Long Term Holder that is waiting for a specific price to sell?
or
Are you merely a trader just trying to gleam a profit in fiat?

If you are a long term holder, temporary price fluctuations mean little to you ,
because you know over time the price per coin will increase.

If you are a trader, you fucked up and missed the opportunity to sell ZEIT
at ~ 6 satoshi a few months ago.

So which are you Holder or Trader?

Holders have lost nothing , even if the price drops to 1 dogeshi , as long as they wait for the price to return stronger before selling.

Traders sell as soon as they can make a profit, or they cash out to place their fiat in another coin that they think will earn them more fiat.

Whining because you have yet to make a decision , is really complaining about your own indecisiveness.
Pick one and trade according.


 

So many years and still it is worth nothing 

You can expect the price to go up and down but the code is solid and no hard forks/ updates planned.
Everyday that passes the ULI has a greater effect on the price, so that is occurring without anything else needing to be done.
As the price becomes more stable it's practical value for real world trading increases, it is nothing but a matter of time now. 
Current ZEIT Marketcap bouncing between 2 & 4 million on the high end.

As they say , if it ain't broke don't fix it.   


 

No news is good news.
Carry on.

We have had this conversation before,
ZEIT requires patience and strength of will.

We don't do pump and dump and we don't spread useless hype.
If you want constant news updates , this is not the coin for you.

There are no planned code updates for at least a year or more.

The ULI is performing it's job and the price per coin is holding better verses Bitcoin than many of the other alts.
That is the only current news and expect it to be the only news for the foreseeable future.


 

Thanks for the info. Is there any fresh news on the coin ?? I want good news!
------------

Current Exchange status Updates

Exchanges working normally are :
Alcurex
Cryptopia
NovaExchange  :  Trading has been reactivated.    
SouthXchange
Trade Satoshi




Exchanges with issues
CoinXchange  : Wallet is offline , No deposits or withdrawals at the moment
Yobit            : Wallets do not accept deposits or withdrawals for over a year
(Do Not Use Yobit)

 

Thanks CoinQuest, good to know that I have that correct because I have watched the video you posted a number of times, along with many others around the subject of money, it is a good presentation, well put together, easy to understand and I really like elements of the sound track.

A single block chain driven coin is far less vulnerable than all the coins where all the fiat seems to gather, are we really that stupid or am I missing something?

That's not really meant to be a question, just a loud thought.

Thanks again.

You are correct.

https://hooktube.com/watch?v=4AC6RSau7r8

Hi Kiklo, although the information you have presented above is detailed and probably comprehensive I have to admit that it does not mean anything to me hardly because I do not understand it I don't think. I take responsibility for not understanding it and in no way am I trying to undermine or discredit you in anyway. I accept that you probably do understand it clearly and that I am not able to make any of confirmation because I don't. I am hoping that you might help me to create a simpler explanation that I can understood more easily, please, if you do I thank you for your time and understanding.

My thinking on this subject is that the BTC block chain was a continual and unbroken ledger of transactions that could not be externally changed without that change also being recorded onto it. The introduction of Segwit allows changes to be made to the BTC block chain by locking coins onto it and then making the changes on an external block chain using the coins already locked on the BTC block chain as collateral . Transactions and changes are made on the external block chain but those actions are not recorded on the main BTC block chain because those coins never left the BTC block chain.

If what I am saying is correct then I can make as many changes off the BTC block chain as I like so long as I can confirm those original coins on the BTC block chain can be accounted for. 

If what I am saying here is correct then these external chains can use the same coins over and over again with no actual bitcoin being used at all in any of the transactions which also means that I can pretend to have a 100 coins but only really have 50 and so long as I can account for those 50 coins at the end of the day it does not matter because the main BTC block chain has not changed.

It also means that the so called decentralized Bitcoin and attending block chain are now a centralizing feature and the solution has become the problem.

Thank you again.

Has anyone looked into making a Zeit presence on Investfeed?  It's a brand new site dealing mostly on crypto information.

 

Option 2:
Secondary Way Segwit allows Counterfeiting is thru creation of a Fractional Reserve System
At any point they deem fit, the LN programmers can modify their code so that multiple LN Notes represent more than 1 onchain BTC.  It is the history of the goldsmiths all over again.


Option 3 for Hackers
Is exploiting the Time lock , so that the other party is blocked from the internet or collusion with a Bitcoin Miner to include your transaction stealing your coins back before the other user can retrieve it onchain.


 

Generally i think that 3 Months is a good Time Frame.

But Im not sure,
Yobit case seems extreme for me.
For Comparison with yobit i think 6 Months.

Big volume today in zeitcoin we need a bit of marketing, im doying my part at twitter @blbtheman anyone care to join?

I got some info from NovaeExchange, I hope they will fix it soon:
"We had to freeze some markets, and one of the markets was this. IT should all be alright by now, but if not please wait until the developers fix it. "