Any news coming out about this coin? Just curious.
The Dev Rent_a_Ray is working on an update to Zeitcoin's specs.
Update to a Ultra Low Inflation Coin
1. Interest rate change to 0.0005% (0.000005) per year.
2. Minimum Stake Age Changed to 1 Day, (24 Hours)
3. Blocks only Split , if they stake within 25 hours of being created, all blocks older than 25 hours would not split, just add the additional amount to the block.
* This will end the excess inflation that is keeping our price low, after it is activated,
Prices will stabilize and then begin a gradual but continuous increase in price per coin,*
Supply of new coins , at the old 5% rate was ~1 million per day , after the switch to Ultra Low Inflation less than 181,000 new coins will be created per year.
By moving to a minimum stake age of 24 hours instead of 20 days, we dramatically increase our network security.
By harnessing the law of supply & demand, it will cause the price of existing coins to increase due to the decrease in new coins created.
It also changes us to a PoST coin, as you will be able to earn more zeitcoins from processing Transactions per block than the interest earned.
Due to this ULI update , and the nature of random transactions fees, You have the highest earning potential by leaving your wallet running 24x7 after the new specs are active. In the past some users only synced and supported the network a few hours every month or so, and they can continue doing that if they wish, but it will decrease their earning potential if they don't run daily. So increased incentive for full time nodes and daily staking.
Dev is working hard to make these changes happen, and will announce more information ~June 1st as far as the scheduling of the hard fork.
I am so glad I invested into this coin. I knew this coin would go up with time. It has a large community and active developer. Good times ahead! Thanks for letting me know this information.