March 5, 2014 at 5:37pm
PUBLIC ANNOUNCEMENT:
Many have been emailing TZM Global about a cryptocurrency called ZEIT-COIN which has been spreading mild propaganda online that TZM is "in support" of their initiative.
http://www.followthecoin.com/interview-zeitcoin-team/
https://www.facebook.com/Zeitcoin
TZM global is only in support of actions that can technical transcend the monetary/market system and help assure true environmental and social stability.
Cryptocurrencies, while they may have some advantages in the context of moving away from centralized monetary structures, have no recipe for such true resolution as they are a mere variant of the same basic flaws inherent in any 'medium of exchange', in the context of the market sickness/disorder. Hence - just another waste of time.
We are not sure if the "anonymous" people behind this are in it as a scam or if they mean well. We are not judging them, even though they are being extremely misleading.
Either way, TZM Global does not sanction this type of effort (and was never asked) as it has a very strong possibility of turning into a liability/misleading intent and create a condition for abuse/fraud.
Here is an example of their fraudulent statements.
"We are in talks to have a booth set up for us at Zday March 15th 2014 in Toronto where we will be handing out 50 million ZEIT in total in denominations based on the number of registered attendees. They have already started to send out information about the coin to their movement however we will be working in tandem with them to spread the word through their movement as well also we will be donating 100 Million coins to them to disperse to either causes or their members “this has not yet been discussed but will be shortly its just a matter of scheduling a time to meet”. However they are very excited and open to the idea we just haven’t had time to sit down with them yet and make everything formal."
http://www.followthecoin.com/interview-zeitcoin-team/
Please make some noise so they know TZM will not be abused due to its global popularity for such purposes, well intended or not.
TZM
Seems pretty clear they don't agree. While it's possible for them to change their mind, even if they don't support the coin, there's no reason for us to stop.
47 people do not represent the zeit movement haha I think we should get in contact with this person and make intentions clear before it gets to out of hand.