Quote from: Pursuer on May 09, 2018, 06:38:54 AM

Quote from: Zin-Zang on May 09, 2018, 06:26:23 AM

Quote from: Pursuer on May 09, 2018, 06:20:00 AM

Quote from: qiwoman2 on May 09, 2018, 06:14:47 AM

I wish all Bitcoin h0lders could earn from network transactions and fees to be honest. Miners and big whales are the ones that benefit most from holding Bitcoin. Can you imagine if there was this idea that if we held Bitcoin we would earn a portion of the network transactions we would all benefit from the fees. So many new holders would invest in Bitcoin, but of course Bitcoin now has lost it's currency for the people feel.

it already exists and it is called Proof of Stake and it is a flawed way of distributing coins in my opinion because it is basically saying the rich should get richer and do that by performing nothing. basically sitting around and increasing their wealth.
with bitcoin and it s Proof of Work they have to invest and work to get paid! that is a much better design.

Proof of Stake Flaw was fixed by zeitcoin, by moving to an Ultra Low Inflation rate of .0005% per year.
This removed your rich getting richer flaw.

All Proof of Stake Coins, act as Full Nodes distributing the ledger and processing transactions by staking.

Bitcoin has yet to fix the ever increasing Proof of Work input costs require to run the network.
At some point, if the price of the coin decreases below production cost, the miners shut down and the network freezes.

Proof of Stake Energy Efficiently protects it from that scenario.

if I were creating grains of sand but 1 grain per year that can not be called "low inflation" your beloved useless coin has already billions of coins in circulation and then "slowed down" the creation of it. it is already inflated.
not to mention that it used to (to use your own words) waste energy and be mined using PoW when that billions of coins were being mined in a very short period of time (3-4 months).
your coin is screaming flawed and its price of 2 satoshi is proving that!

My coin price has been more stable than your coin , and your ignorance won't change that.
Also my coin has a large enough quantity to be used globally and not be priced out of normal people usage.
My coin still has a utility for micro payments, you know the utility your coin lost.

Proof of Work is a failed design, as many communities are starting to ban it because of it's insane energy drain.

Believe what you want, but if bitcoin core falls below $2000 at last count , it will be below production costs and then let's see what happens.

In 2020 , your PoW Miners take a massive hit, Half of their profits out the door.
But their input costs are only increasing.
http://www.bitcoinblockhalf.com/

Quote

Reward-Drop ETA date: 29 May 2020 04:14:03

The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 12.5 to 6.25 coins.

FYI: My so-called flawed Coin has Outperformed your coin as an investment during the same time period. Cheesy

Quote from: Zin-Zang on May 10, 2018, 09:32:21 PM

Price has grown verses the US $.
Sept 2014, 1 zeitcoin = $.000001
May 2018, 1 zeitcoin = $.000122

So in comparison to the US $, (which to be honest, does anyone really care about anything else, because people cash out to fiat not bitcoin)

Zeitcoin's Price has increased 122X verses the US $, it has been an outstanding investment.

* If someone brought at the lows and sold at the highs, their rate of return was much higher than 122X. *

FYI:
During the exact same time period
Bitcoin only increased 18.86X verses the US $ and ZEITCOIN increased 122X verses the US $.

ZEITCOIN OUTPERFORMED BITCOIN by a factor of over 6X.

* Here is a little brain teaser for you , if ZEITCOIN increases at the same speed as the last time period. *
1 zeitcoin = $0.014884 in May 2022 (That is ~1½ US penny)
1 zeitcoin = $1.815848 in May 2026 (~ $2 dollars)
1 zeitcoin = $221.5334 in May 2030 (over $200 dollars)