Contents of an internal memo from an investor in ZURCOIN (he works with the dev of ZURCOIN) - read into it what you like
Could be interesting if this is to be a vintage POW turned into a POW-POS Blockchain with different mining consensus to the ones currently out there!
CMC entry:
https://coinmarketcap.com/currencies/zurcoin/Announcement (2013-Present):
https://bitcointalk.org/index.php?topic=391806.0Highlights
*Since the involvement of the M0NK3Y community in ZURCOIN, all indicators are up thousands of percent
*The average daily volume of the coin is up 88,648% from $37 to $33,000 average
*The average opening, high and closing price are up over 1200% and the the average low is up over 1100%
*Following the same line ZUR should hit $90.6m market cap by Dec 2018 (90c/ZUR) with volumes rising to $12m daily
White Paper Title: Making Work Fungible With Stake
Headline Points
• The best example of POW around is Bitcoin; perhaps the best example of POS is Peercoin. Both are the first-of-their-kind assets. In the past 3-year period, bitcoin has risen around 2100% while Peercoin is up about 170% by comparison. Clearly, by making increases in supply so readily available so easily to holders of the coin, POS Blockchains ultimately undermine the value exponent of the utility factor in the coin.
• ZURCOIN is a POW coin that has laid dormant for 4 years; after it was purchased in August over a period of around a week by a single purchaser with approximately $250,000 in funds, and by other buyers following suit, the coin came to be actively-traded and showed regular trading volumes
• Despite the relative value erosion that wallet mining can cost a coin, there are certain advantages to it. POS mining is more efficient and it is also cleaner and easier for the user than POW mining since it takes place while the coin is stored inside a Blockchain wallet.
• By converting ZURCOIN’s Blockchain into a combined POW/POS Blockchain the coin will achieve scale dominance at the same time as retaining its value during the second act of the coin’s growth trajectory, which is set to be very large.
• The effect of a higher probability of use cases for ZURCOIN will make it more attractive to ICOs looking for funding as well as to miners who are seeking to profit from higher prices as a result of the coin’s more widespread use
• Zucoin.org (under dev) will actively solicit and encourage ICOs to accept ZURCOIN as payment for the tokens. This will result in a positive feedback loop whereby a higher number of POS wallet miners will do so so that they can switch the currency at any of the gateways that offer ZUR-ZUS conversions (M0N3X will be the first of such gateways to offer this service, initially on a 1-for-1 basis for around 3% fees always received in ZURCOIN on the transaction regardless of the two is being bought or sold)
• Despite the huge rise in the price of Bitcoin, there are signs that it may become less appealing to investors as an asset to be held in any quantity largely because of the deflationary tendency of the coin. As Bitcoin begins to deflate in increase of supply, so its price begins to rise at an exorbitant rate. The problem with this is that it has the net effect of exporting inflation onto the rest of the Cryptocurrency landscape. This is because while a high Bitcoin price is attractive for those holding presently who wish to sell, it is significantly more expensive to buy in any whole (or even for some, standard fractional) quantity. Multi-fractional purchases are not appealing psychologically to buyers either. Thus, we believe that ZURCOINS POW-POS fungible Blockchain may be the answer to the polar opposite, but equally problematic isses that Bitcoin and Peercoin suffer from.
• In the case of ZURCOIN, following the trajectory of both Bitcoin and Peercoin would have resulted in a 1200% price rise over the last 3 years; these are standard high returns looked for by Crypto investors. Therefore we see this fungible dual-currency scenario as being a potential solution to overly-aggressive value return and overly-aggressive value erosion see in POW-POS assets.
• If ZURCOIN was to rise by the the same amount next year as for the last 6 months, we would be looking at a $400 price per ZUR.
• As with many vintage Cryptos, much of the supply is buried in long-forgotten wallets, producing an artificially lower supply quota than that advertised on Coin Market Cap. This will push the price tremendously now buyers have come to seek out the coin.
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