Re: [ANN] MANDATORY UPDATE ██ ZEITCOIN MOVEMENT [FULLY POS] ██
That site is a known scam/ponzi DO NOT USE
They have no official sanction from us.
Totally Agreed with LION on that one.
Even if cryptodouble was legit, which it is not.
A Massive influx of zeitcoins to 1 Unknown Entity could give the chance for a 51% attack and destroy zeitcoin. Not something any of us in this forum would want to see.
If anyone can't help themselves and are still in the Gambling mood with Cryptodouble, please use litecoin or some other coins as you can always sell them and buy zeitcoins later or just cash out. We still don't know who cryptodouble is , or their real motives , 1 of which could be to mount 51% attacks and destroy cryptocurrencies before they have a chance to get fully started. Because it may just be a Ponzi scheme , but there are Darker options that could be a danger to the coins & owners themselves. The Number of coins they control is increasing per hour as many are falling in line with what they are putting out, but you should ask yourself , if they are paying out currently where is all of this money really coming from and what is there real agenda. Odds are it is worse that just stealing cryptocoins, more likely getting the chance to destroy them. A Group of Bankers could easily put such a thing together to make sure that crypto is destroyed , so they never lose control of the fiat money supply.
So if you get sucked into their doubling ponzi scam, please do not send them zeitcoins directly , convert to some other coin such as lite, doge, btc, or black, that way if they do have a way to destroy the coins when they reach a high enough amount , Zeitcoins will be protected as we will have not given them any.
I disagree with your comment. Of course, http://cryptodouble.com seems to be,for sure, a ponzi scheme, but it´s the first time I saw ZEIT treated as equal with hunders of other coins, and i think that this is important.
I think http://cryptodouble.com will close in short term, but meanwhile it´s a oportunity to win some coins, and in our case it´s a oportunity to force some buying pressure to our coin. if you, now, ask for 1 million ZEIT, they would need to buy 1 million in four days, raising the price and the volume.
They need much more of 51%, and a lot of time, to make a 51% attack to a POS coin, so don´t worry about it. And in the remote case that they are a Big Group of Bankers the best we can do is try to win as much fiat money as we can, because they will win at end.
That´s my opinion, it´s a ponzi but let´s try to use it for our profit.
For a Newbie, you seem very sure of yourself.
Of Course you Disagree with it , You are Helping them.
If anyone here wants to Gamble it is up to them, just convert it to something else first ,
Never Ever Send ZeitCoins directly to CryptoDouble, you will destroy Zeitcoin by allowing a 51% attack.
Once they have 51% all they have to do is shut down the ponzi scheme and wait 20 days to kill our coin,
Not a Risk that is acceptable under any circumstances.
But we as ZeitKnights are here to Protect Zeitcoin,
CryptoDouble is a Trojan Horse that can destroy Crypto's Future before it begins.
If users must gamble use other coins, like lite or doge which are already on it.
Bankers will not win in the end, that is what Zeitcoins will prevent, and the fact you even say that proves to me who you are working for.
Firt of all, I´m not newbie, I trade with ZEIT coins prior you ever knew about them. I don´t post, just because I´m not english speaker and it´s hard to me writing here. Anyway, it´s not the first time that I give ideas for ZEIT, just look at the forum.
Second, I only recognize authority in ZEIT to NOBODY, there are some people (Lion, Ray,... ) who are working hard for the coin and I apreciate all their comments. (You are also in that group)
Third, the ZeitKnights is a "chorrada" (look for the spanish translation) if they reocognice themselves as sometingh diferent as people who work hard for the comunity. (This week the King of my country say "I have to remember always that I´m here only to serve everyone and everytime".
Fourth, I accept your point of view, I disagree but can understand that your are afraid about scam people, but I think they dont have enough power to do everyting you say. ( http://cryptodouble.com is only people trying to stole some coins, but can be usefull sometimes).
I´ve just seen the poll, and i don´t know how to vote, but I prefer not to change the interest rate scheme.
Hi ticote,
It's too late, sorry.
Interest rate will switch to 20% in January.
If you want to know 'why' we are not in time, you can PM me. It's very technically and has something to do with POW/POS Block generation. Next year will be better.
Cheers,
Ray
I don´t want to change it, what I really want is to continue with the decreasing interest as projected (25%,20%...5%) because it´s more ineresting for the future of ZEIT not to be more inflacionist. (and I undertand the difficulty of changing it).