Thanks for the help. I'm actually not getting any error message. I've tried two different qt addresses and lots of different amounts, but nothing happens. No error. It just continues to show my balance unchanged.

Yeah, if the deal is with FrontlineSMS, it will be very cool and POTENTIALLY revolutionary with lots of luck and rapid growth. Would still be a reason to hold zeta and work to promote it. I think people would see it as a mixed disappointment though, if it's anything less than a direct deal with safaricom. It would be smart for devs to set expectations carefully so their greatest triumph to date doesn't end up looking like a defeat. I will be happy with anything that moves this crypto closer to real world use and expands access for the unbanked, but only a big, direct MPesa deal would be earth shattering in most peoples eyes.

Also, the last tweets said he wouldn't tweet again until the big news and that the next tweet would be at the end of the "holy week," so I'm thinking Monday at the earliest maybe even the end of next week (I'm not clear on the holiness of my weeks - is the week before Easter holy or the week after?).

Likewise. I bought my Doge a little late, but still ended up with a decent pile. I'm waiting for Cryptsy to post my latest deposit so I can trade it all for Zeta and I'm holding what I already got even though I think Doge and Fluttercoin are both looking promising over the coming weeks.

I just think that this has reached the point where pump and dump is a less and less plausible explanation. It's hard to imagine a guy patiently working on developing a coin for a year so he can destroy it with a pump and dump. If he was going to dump, my guess is that he already would have, in tiny bits, over the time since the rumor started. And yet he is still sticking with his story. At this point, Konen has well and truly staked his credibility on this. If it doesn't pan out, he is destroyed. Plus (not that I know, but ...) are people in cryptocurrency somehow immune from lawsuits? Why would he take that risk? Why wouldn't he be trying to hedge his statements a bit so that he has wiggle room to back out of the lie later? Why is there no denial from M-Pesa?

I was a complete skeptic three days ago, but I've been reading up on it and it makes sense to me that crypto would be attractive to M-Pesa as a way to reduce their administrative costs and increase security, while allowing transfers of larger amounts (their current system caps out at 500 USD equivalent). Recent Zetacoin additions like Android app and vanity addresses also appear to address key needs of M-Pesa (a big problem for them with the SMS transfers is apparently funds sent to the wrong account by mistake, and then them getting into fights with merchants - Android wallets with easy-to-remember vanity addresses would help resove this). The fact that zetachain.cc has been down for two days makes me wonder if perhaps M-Pesa is making some big moves to secure the blockchain and the site is down to keep people from seeing for sure what is going on.

If it is a hoax, the steps he is apparently taking - faking tweets and IP in Kenya, taking down zetachain, developing apps that would work for M-Pesa, continuing to insist that something is happening to the point where his entire reputation rests on this happening or not - are increasingly elaborate. For me, it is beyond the point where I find hoax to be a plausible explanation. 75% of my crypto value is now in Zeta and the rest is going in as soon as this frickin deposit clears Cryptsy ...

Actually, I think this link from Googling "mpesa security" begins to answer my question. It looks like the administrative costs, customer service issues, and liability for funds, is indeed a major headache for mobile operators. Perhaps crypto simply let's them continue to rake in usage fees while offloading liability and management costs - let's them reap the fees while retaining focus on their core business.

http://www.kictanet.or.ke/?p=713

Still, they have a system that is working, although apparently not always smoothly. I would guess any zetacoin integration would be on some kind limited, pilot basis initially. But I agree the details and practical challenges of actually doing this would no doubt be momentous, and it won't happen overnight.

I will. It seems like a very promising possibility.

I do have nagging doubts though. M-pesa could pretty much dictate the terms of any deal, so what they would want is the key, and I can't exactly figure that out. Why link up with an existing coin instead of simply paying a developer to create a Vodafone or m-pesa branded coin? It seems like that would meet their needs as well or better than simply adopting zeta as a medium of exchange. Maybe this reduces risk of storing value for them - their model would be simply charging for exchange and transfer fees, but crypto removes their costs for banking and securing the money? I dont know. I'd be interested to hear what people think about that. But basically, I'm prepared to set that aside and hold while we all wait find out.

If only your philosophy were more broadly shared. I don't do shit except surf the internet all day long and the only thing my boss has ever given me is attitude.

However, I wouldn't ask for coins. What I'd ask for is information - does anyone know when we find out this big news for sure? I was a serious skeptic and I came here to be a smartass last night but someone in this thread explained the m-pesa rumors to me and I bought 100k. I've done a lot of work in developing countries and I absolutely believe that integrating crypto into worker remittances and transfers in the developing world would be THE killer app for digital currency. But it's been 24 hours already and the suspense is killing me. Is this happening or isn't it?

What you're saying makes sense. I think one answer is that both activities - saving and transacting - secure the block chain. So part of the benefit to the coin has to do with security, not necessarily the incentives for what coinholders will do with the coins.

But as far as the cross-incentives, I think it's possible to view both spending and saving as complementary activities that create value for the coin in different ways. What hurts the value is when the only way to "spend" the coins is to toss them into the latest pump and dump. But as more real-world opportunities for purchasing goods and services arise, PoT incentivizes using the coin as an actual currency, which is good for value. Essentially, I think you're right to say the coin incentivizes apparently contradictory activities - it's just that a healthy economy needs both savers and spenders. Fiat money doesn't simply multiply itself (PoS) unless you specifically put it into some kind of interest-bearing account, nor does it offer you any particular reward for spending (PoT) unless merchants do it through offering giveaways or prize promotions or whatever. But there are people who invest fiat in interest-bearing accounts and there are people who spend money whenever the local department store is holding a raffle. Building PoS and PoT into the coin simply takes these things that people already do with fiat money and makes it automatic. These are things that paper money can't do, so time will tell if it's just a gimmick, but again, I think the way to think of it is that these activities are complementary rather than canceling each other out.

to be honest, I had only heard the phrase big news. I just googled m-pesa and you're right, that would be an amazing usage of crypto and a major improvement in peoples lives. People in developing countries spend a lot of fees wiring money to relatives since they cant usually access normal checking accounts. This could be a game changer for crypto and people in the developing world. I hope this happens, seriously ... when will we know for sure?

to get the stake, do you have to have held the coins in your wallet for a certain length of time (I thought I read 30 days)?

why dont the coin market sites show the full amount. When you say you have the coins on lockdown, is there some way of designating them as not being in circulation or something. It seems like the market cap sites are greatly understating our market cap if there are actually 157 mill in circulation and not 98.

Wow, that is a very cool tool. I actually rank pretty high myself on that list - JUST shy of top 20 - and I also have no interest in selling at this point. I'm a noob, so I haven't developed any deep loyalty yet, but there is definitely lots to like and I lack the nerves to be a day trader anyway. I'd say I have a serious crush but am not sure Im ready to settle down and be exclusive with FLT at this point.

wait, now I'm confused. Coin market cap says there are 98 million coins in available supply right now, not 156 or 256. Is that not right?

It's not like there is a choice. The market will drive up prices if the market likes the coin. And as noted, the market has lots of reasons to like this coin right now. And anyway, the coin has traded everywhere between 700 and 3000 satoshis in the last 24 hours, so it's pretty hard to argue that 1600 in the next two weeks is inconceivable. The fact that its been trading between 1100 and 1400 for the last four hours doesn't meant its going to stay within that band forever.

I don't want to be a shill, but I don't get it. It just seems like people keep repeating the phrase " big news" over and over. The more this big news is hyped the bigger it better actually be when it comes out. Because at this point, anything less than Jesus Christ returning to earth and treating everyone to a weekend of gambling, coke and whores in Las Vegas - paid for entirely with zetacoins, obvs - is going to feel a little anticlimactic. Maybe it's some kind of super-meta performance art and they are going to say "the big news is you, zetacoin community, you guys are super swell, let's all share a wank."

I just don't understand.

Yeah, personally I'm holding, and my plan is to hold for at least 4-8 weeks. My thinking is that in the same way that Litecoin emerged as the leading Scrypt coin, there is now a movement towards PoS coins and I think that Fluttercoin, with PoS and PoT, may hit the sweet spot. PoW in the interim, with short halvenings, should help stoke interest, and PoT is a nice little innovation to help distinguish the coin from the PoS field. It would be REALLY nice if every day was like yesterday, but obviously that can't happen. But there are some strong fundamentals here. Value spikes will come and go in the short term, but I'm confident the medium-term trajectory will be good. Sittin' tight ...

Seriously. Mad props to a guy who made a coin with genuinely superior features to set it apart in a very crowded field.

Yes, please!

Wow, that's encouraging. And just think ... right now, Americans are waking up, yawning and stretching their arms, firing up their laptops, checking coinmarketcap then doing a double-take and going "FLT WTF!?? - where do I buy some of that?"

I know ... if you can't beat em, right?

I know the ASICs are still a ways off, but it is something that at least some people are seriously freaking out about. My own technical understanding is too weak for me to really get if this is a serious concern or not. But what I do know is that enough people think it's serious enough to move markets.

The amazing movement in FLT over the last 24 hours is also going to drive interest on its own. People are scrolling down the list of coins on coinmarketcap and going, holy crap, this one just jumped 500% in one day. Then you look at the specs of the coin and you realize that it's really got some bright ideas relevant to this whole ASIC issue, and the overall professionalism of the web site and presentation, plus a bit of lightheartedness with the butterfly thing (coming from the Doge community, I definitely prefer a more casual approach from a branding perspective). And of course the other factor is that it still looks early enough in the coin's life cycle that you can buy a bunch cheap and hopefully ride the lightning.

At least ... that's what I'm thinking.