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RE: Zeitcoin as a high proof of stake coin.

in #cryptocurrency8 years ago (edited)

I see there are not many takers here for this coin. I think it does have some upside potential. Not sure how true it is, but I've heard the payout is to be reduced to .0005% zeit within a few months. That should put a cap on the zeitcoins outstanding. That makes me think this coin could be "in play" soon. JMHO, of course.

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Good analysis, and I hadn't heard the reduction coming in a few months. That's a game changer.

I think I have the next inflation rate correct, but I might have missed a zero, maybe. I actually just found out about this coin a couple weeks ago. A friend of mine told me about it and gave me about $25 worth. I guess it takes 20 days to stake then you start earning the present 5%.

Good information, sounds like you'll be staking soon :)

Well, since information on this coin is quite slim, I just read that the ULI (ultra low inflation) might never take effect because of a threatened fork. Guess we'll have to just wait and see.

Information really is slim, and wait and see is the best we can do. The value on this coin may have trouble rising, as the sell orders seem to grow each day as the supply does.

Just a quick update. Zeitcoin will be starting ULI August 11. If you own any Zeit, you'll need to download the latest wallet.

Appreciate it.