This is a newsletter that seems to have just started, written only by whales (pros, hedge fund managers, all personal holders of >100 BTC essentially)

This article on bitcoins use in portfolio positioning of other assets I thought people may enjoy here: https://bitzur.substack.com/p/how-to-build-a-portfolio-that-moons

(Not spamming/selling anything so sorry if I'm wrong ...purely informational)

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So Qubit and DOGE are finished, fine. Where does that leave us? We have BTC and ETH on SHA-256, but BTC is done by the looks of things because the mining hardware can't profit at scale, right? (Only Antminer 19s Pro and they can't mass-produce those things fast enough to service the market overall.) ETH keeps banging on about POS transition but Casper went down the toilet and they don't have a viable solution. And yet, here we are, simultaneously transitioning into a new era of Green Blockchain tech ...

... is it plausible that QRK is the next BTC and ZUR, once we complete the POS hybrid fork with BLN, which has integrated smart contract software installed on the second layer, is the new de-facto ETH? Maybe. Just maybe.

Jesus - how many pools are up-and-running now? Can we put them in a list here so they can all be added to the website?

I am only familiar with finexbox exchange though. This is a very old project, why not try to list this old coin to more familiar exchanges? With this revival again, what are the targets to achieve this time? Because if nothing solid is planned, it will be the same again.

To replace Bitcoin as the #1 crypto is the aim, just like it says on the first page of the website. On the second page of the website we say why.

And no, I doubt it will fall flat with Zurcoin now dominating in nicehash and other mining circles - by dominating I mean, completely flattening Qubit and Quark and soon, DOGE.

Haha - yah I agree.

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Damn, at 330 GH/s we are now thrashing every single other protocol on Quark algo in terms of total mining power ....miners ... it may be an opportune time to take a much closer look!! ^^

[moderator's note: consecutive posts merged]

Do you mean the little hatching animal? It's a Z right now but I am thinking of changing it to the little dinosaur. What do you think?

The next iteration of BTC for sure ...

Hi Zurcoin community! I am really pleased to let you know that Zurcoin has a new listing, new wallets, a new second layer protocol installed on it as well as a a brand new mining pool, a new website and Telegram and is coming along really well now overall. It would probably be a sensible time to start mining Zurcoin!

To find out more visit the website at https://zurcoin.com. All the links / downloads / info are right there!

Wow. https://bitcointalk.org/index.php?topic=5261812.0

These guys are so behind it's a joke.

About $15 million by 2028. I explain why in detail here: go to www.zurcoin.com/resources and download WP#2. All the math is in there.

Both you and the U.S. Treasury Dept.

Well, wouldn't you know it ... I was right and that is exactly where we are headed now! Not, as one OP here put it, to $45k in 18 months, but rather, $45k took a mere 6 months!

If you want to meet more old-time Bitcoiners you can come join our Telegram at https://t.me/zurbank and/or check out Zurcoin, our project at www.zurcoin.com, a more than 7 year old project.

Time in the market matters when it comes to making predictions of this kind.

This is exactly right. Bitcoin is only correlated to human need for it. That is its purpose and has been since the early days.

I cannot believe the garbage I hear these days that is written in the Blockchain press, e.g. "Bitcoin rose 4% as the Fed stimulus bill began to kick in and COVID-19 fears abated in parts of Europe". If you are new to Bitcoin, all I can suggest is that you study some history of it, and in particular of its community focus, original utility as the unit of payment to fund Julian Assange's legal campaign, use in Afghanistan, Iraq and even Greece as those countries' national currencies became eaten up daily by inflation. Are we - any of us - really above these events now? We have people rioting on the streets about human breeds (race)? We believe in biologically impossibly rapid-spreading deadly viruses that kill millions in a fell swoop without evidence. We believe and trust our mainstream media executives and place our trust in the incompetence of politicians who apparently are 'democratically elected'. We are one away from self-destruction today, and all there will be left in the clean-up for the ones who are strong enough to see it through is really that which is immutable to control, that which represents true value storage, practical, digitally-enabled utility, and which is already by far the most decentralized we can find.

Since we are not halting our belief in mythical deaths and since we have no courage to stand up to the blatant corruption that has been caused, cross-party, trans-nationally, in our own names, it's only a matter of a relatively short period of time until something gives.

Human need for Bitcoin will surge when this house of cards goes up in flames and when the most ignorant of society are condemned to the heat of its embers on the barn floorboards: at that point, Bitcoin will end up a lot bigger than most people imagine.

It won't be long, so watch closely. The first world is sinking into a new version of the third world, one we may call the fourth world. Bitcoin will be one of the lifelines out of that fourth world except that on it will come millions of zombiefied humans stuck on the internet news sites still believing while being presented with the exact opposite in evidence every time, but at least a few enlightened humans will make it across the conceptual archway that now stands before us and our future. For this to happen, we are probably only talking 2-3 years there on the clock for that to transpire. Tick, tock.

 

I keep saying it, but this is because it feels like no one really understands what this means - a currency is only a reflection of the value that it is able to and which it does actually purchase. Let's say I move to an island and I start a village. I bring 2500 men and 2500 women and each man and woman makes approximately $10,000 of goods of which half of that they sell to each other. I make money so the men and women don't have to actually trade their apples for oranges and cow's milk for veal etc, but instead can use a medium of exchange. Assume that I do it as a one-time thing, and don't bother increasing units, and that I base my currency units on the amount of Year 1 trade undertaken - so $25 million of trade ($5000 per capital x 5000 people, half of which is men and half of which is women); thus, 25,000,000 Island Coins.

Now, at the start of Year 2 everyone has approximately 5,000 Island Coins worth a dollar each, but by the end of Year 2, everyone roughly tripled production per capita, and around a quarter of my islanders managed to save. Furthermore, everyone actually managed to fulfil 80% of their production quotas in Year 2 with sales! This is what this looks like:

Actualized Production: $75,000,000 (80% of which resulted in transacted value in the form of coins thus:)
($60,000,000 Island Domestic Product Sales) / (25,000,000 Island Coins) = $2.40 per Island Coin
+ 5,000,000 Island Coins Saved (25%) = $3 per Island Coin

This is a very very basic guide - but still a very very valid guide - to how currency values are formed (all the best answers are simple). But my point is, unit value against USD is irrelevant in terms of what you imagine is appropriate if you are not doing these calculations first. If I had issued only 25,000 Island Coins originally, each Island Coin would now be worth $3,000 - it is here nor there what the price per coin is. Simply, the coin reaches the value of goods produced (interpret that here to mean made and sold) divided by the issued units plus any trade surplus capital (interpret that to mean saving).

Now, we must first therefore understand WHAT BTC is purchasing in the next 12-18 months that it is not already purchasing today. Plus, do we have less supply? Plus, what's the cost of production of the currency and the anticipated savings rate? All these questions point towards the answers I have given earlier in this thread as OP.

It doesn't matter whether $250k seems like a lot of money to you. That is irrelevant. BTC's unit value is a very specific calculation based only on the stuff above that I have been explaining throughout this thread If the banks are able to custody the asset as was announced and as you correctly point out here, then a 5% share of global currency value gross is hardly over-ambitious. That's around $250,000 / BTC.

Agreed. $400k is about where the next top is, yes.

What I find so notable is that no one who says it's a fanciful notion that Bitcoin will reach $250,000 in the specified time range says much else other than "I think it is too high a price ... no one can predict the price of BTC."

Well, here are some more grounded reasons for why this is possible:

1. The recentralization of Bitcoin as per the original message in this post
2. The increase in value mining (aka yield farming) which will tie exponentially higher sums of BTC up (just look at the increase in market cap of WBTC lately) and the BTC re-buying effect that such assets, where the relative per unit value with strengthen enormously over a very short space of time
3. Let's consider 18m supply @ $250,000 per BTC for a minute in real terms - that is 4.5 Trillion market cap. The highest the crypto market ever got was about $800b - near enough $1T (remember that? and Vitalik was banging on about how we hadn't really earned a trillion of value, about which he was dead right.- that was in 2018.) Now, that is about 4%-5% of the official market cap for all fiat currency worldwide. For the unofficial market cap - derived from adding in off balance sheet holdings from firms like Google etc. - that is about 2.5% of the global sovereign currency value market cap (gross value is a better term).
4. We need to be able to assume that Bitcoin can easily buy over $250,000 of assets daily. Is this realistic. To do this equation let's go back to DeFi. Now, Let's consider on their own, SNX MKR and COMP. That's about $1.2 billion of value there that has materialized in the past year (roughly) or about 0.5% of the entire market. This value stores on top of it roughly the same amount over the long term, say another half percent. We would expect to see such assets increase by about approximately 100x in value if a $250k value was justified for BTC. Given these assets almost like-for-like mimic ETH in the early stages in terms of price performance, and given that, well, these assets STORE those assets inside them further compounding such gains (hence shortening the timeline of price ascension) the rationale seems perfectly logical here.

Just my two cents of course - and everyone is entitled to their own opinion, but the financial case (if not so much the technological case, although that one is not too bad either) for at least $250k BTC appears perfectly sound.

Why is it unrealistic? See, the BTC price is as realistic as the amount of value it is purchasing and the value that is purchasing it. That is it. Now, at the moment, billions in additional value is being created by this phenomenon they call yield farming. This value will have to purchase something to have measurable liquid value. What will that be? Bitcoin.

Yes - if you see the presentation I have back in 2015 it pointed to a $10k avg price which indicates a $400k top, a sudden fall as you identify, and a gradual coming off to about $2k after that over about 10-12 years.

Yes, shocking, I agree. It is becoming apparent that all humans may not be from the same source, and that source is nothing to do with race (which is really just a stupid word for 'breed') but something else. Sure. As more people get comparably around the same socio-economic divide, we begin to see our vast, vast differences as a number of species rather than one. Especially intelligence differences between people of the same race even have what appear to be a number of different scales that are so vast in their gaps apart from one another that it is hard to think we are just simply one hominoid type.