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Author Topic: ZURCOIN - POS/POW Hybrid? 14000%++ Rise in 2017  (Read 1527 times)
bitdigger2013
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December 04, 2017, 07:34:20 AM
Last edit: December 04, 2017, 07:46:38 AM by bitdigger2013
 #1

Contents of an internal memo from an investor in ZURCOIN (he works with the dev of ZURCOIN) - read into it what you like Smiley 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=391806.0

Highlights                  
*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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December 04, 2017, 07:51:55 AM
 #2

If this is actually going ahead, this is easily going to be one of the best performing coins next year. There aren't many of these around from the same time, and certainly not with POW devs who are doing hybrid converts (which do very well).

The fundamentals are rock solid.

Who's M0NKEY?
bitdigger2013
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December 04, 2017, 07:56:04 AM
 #3

If this is actually going ahead, this is easily going to be one of the best performing coins next year. There aren't many of these around from the same time, and certainly not with POW devs who are doing hybrid converts (which do very well).

The fundamentals are rock solid.

Who's M0NKEY?
Agree - would be massive. Especially with the plans to use the coin in ICOs. In my view there will be a lot more of these coming up too, especially with Bitcoin rising now.

M0NK3Y is the hedge fund (Crypto focused) who bought into ZUR earlier in the year. You can find the fund manager's Telegram group here: https://t.me/joinchat/GqK_0g3mN5XKm35kecAZlw
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December 04, 2017, 08:47:27 AM
 #4

The link isn’t working. New link?
bitdigger2013
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December 04, 2017, 08:48:53 AM
 #5

The link isn’t working. New link?
That may be a broken invite link. Apologies. Try this it should work fine: https://t.me/gameoftokens
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December 04, 2017, 09:32:39 AM
 #6

It seems that this coin got some attention back in August from the Crypto press:

https://coincurrencynews.com/2017/08/05/altcoins-rebound-zur-coin-leads/

Quote
The ZurCoin website offers users plenty of wallet options, and is traded on Yobit and CoinExchange. Moving from around 15-20 Satoshi last week, and now being traded at over 500 Satoshi her unit, traders are wondering how far this coin will climb!

One of the notable items regarding this coin, is the fact that the price increase is not just a drop in the buck either, since it is almost at 100,000 USD in trade volume, which is a considerable amount of money.

At over 4000% and still affordable, it may be worthwhile doubling-down on this coin before it becomes a serious contender?

In reality, we don’t really know what is going on with Zur Coin, but it sure is a large investment, and climbing quite quickly over the past couple days.

I can only guess that this is the same time when the fund was buying it up. I have heard of a few of these incidences this year where funds have literally come in and taken up to 20-25% supply mostly trying to game the BTC / ETH effect. So far, these Crypto have worked out very well I think, simply 'cause the funds are NEARLY ALWAYS long term holders and investors keep coming after a certain point, when the coin cannot go down any more.

With $25k on the buy side already and what appears to be a limited sell side this could well be one of those coins. Some of these will go on to be the next round of BTC. They have just as good, if not better a chance as ICOs to be honest.

Nice find!
bitdigger2013
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December 04, 2017, 09:47:27 AM
 #7

It seems that this coin got some attention back in August from the Crypto press:

https://coincurrencynews.com/2017/08/05/altcoins-rebound-zur-coin-leads/

Quote
The ZurCoin website offers users plenty of wallet options, and is traded on Yobit and CoinExchange. Moving from around 15-20 Satoshi last week, and now being traded at over 500 Satoshi her unit, traders are wondering how far this coin will climb!

One of the notable items regarding this coin, is the fact that the price increase is not just a drop in the buck either, since it is almost at 100,000 USD in trade volume, which is a considerable amount of money.

At over 4000% and still affordable, it may be worthwhile doubling-down on this coin before it becomes a serious contender?

In reality, we don’t really know what is going on with Zur Coin, but it sure is a large investment, and climbing quite quickly over the past couple days.

I can only guess that this is the same time when the fund was buying it up. I have heard of a few of these incidences this year where funds have literally come in and taken up to 20-25% supply mostly trying to game the BTC / ETH effect. So far, these Crypto have worked out very well I think, simply 'cause the funds are NEARLY ALWAYS long term holders and investors keep coming after a certain point, when the coin cannot go down any more.

With $25k on the buy side already and what appears to be a limited sell side this could well be one of those coins. Some of these will go on to be the next round of BTC. They have just as good, if not better a chance as ICOs to be honest.

Nice find!
That's right. They bought it up to 2000 sats. If you want to buy any substantial amount of a coin that is sitting on exchange for 4 years it's probably min. $1,000,000 these days with BTC prices where they are now, so the purported $100k-$250k buy up was clearly a shrewd move. The intention is explicitly stated in the info on the post: now the focus is on to updating the Blockchain with POS and Master Nodes I assume, which will give it more mining utility via the POS extension. Then promote it as a sort of alternate possible BTC to the ICO community. That makes a lot of sense. In fact it is not impossible that it may well turn out to be one of the most profitable trades in Crypto!
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December 08, 2017, 12:25:36 AM
 #8

It seems that this coin got some attention back in August from the Crypto press:

https://coincurrencynews.com/2017/08/05/altcoins-rebound-zur-coin-leads/

Quote
The ZurCoin website offers users plenty of wallet options, and is traded on Yobit and CoinExchange. Moving from around 15-20 Satoshi last week, and now being traded at over 500 Satoshi her unit, traders are wondering how far this coin will climb!

One of the notable items regarding this coin, is the fact that the price increase is not just a drop in the buck either, since it is almost at 100,000 USD in trade volume, which is a considerable amount of money.

At over 4000% and still affordable, it may be worthwhile doubling-down on this coin before it becomes a serious contender?

In reality, we don’t really know what is going on with Zur Coin, but it sure is a large investment, and climbing quite quickly over the past couple days.

I can only guess that this is the same time when the fund was buying it up. I have heard of a few of these incidences this year where funds have literally come in and taken up to 20-25% supply mostly trying to game the BTC / ETH effect. So far, these Crypto have worked out very well I think, simply 'cause the funds are NEARLY ALWAYS long term holders and investors keep coming after a certain point, when the coin cannot go down any more.

With $25k on the buy side already and what appears to be a limited sell side this could well be one of those coins. Some of these will go on to be the next round of BTC. They have just as good, if not better a chance as ICOs to be honest.

Nice find!
That's right. They bought it up to 2000 sats. If you want to buy any substantial amount of a coin that is sitting on exchange for 4 years it's probably min. $1,000,000 these days with BTC prices where they are now, so the purported $100k-$250k buy up was clearly a shrewd move. The intention is explicitly stated in the info on the post: now the focus is on to updating the Blockchain with POS and Master Nodes I assume, which will give it more mining utility via the POS extension. Then promote it as a sort of alternate possible BTC to the ICO community. That makes a lot of sense. In fact it is not impossible that it may well turn out to be one of the most profitable trades in Crypto!
Certainly looks like the media is picking up on this now: https://coincurrencynews.com/2017/12/07/zurcoin-and-monkey-team-up/ and up 60% today! So this is a new Bitcoin, basically. Just wait for BTC FOMO to kick in lol
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December 08, 2017, 12:26:18 AM
 #9

It seems that this coin got some attention back in August from the Crypto press:

https://coincurrencynews.com/2017/08/05/altcoins-rebound-zur-coin-leads/

Quote
The ZurCoin website offers users plenty of wallet options, and is traded on Yobit and CoinExchange. Moving from around 15-20 Satoshi last week, and now being traded at over 500 Satoshi her unit, traders are wondering how far this coin will climb!

One of the notable items regarding this coin, is the fact that the price increase is not just a drop in the buck either, since it is almost at 100,000 USD in trade volume, which is a considerable amount of money.

At over 4000% and still affordable, it may be worthwhile doubling-down on this coin before it becomes a serious contender?

In reality, we don’t really know what is going on with Zur Coin, but it sure is a large investment, and climbing quite quickly over the past couple days.

I can only guess that this is the same time when the fund was buying it up. I have heard of a few of these incidences this year where funds have literally come in and taken up to 20-25% supply mostly trying to game the BTC / ETH effect. So far, these Crypto have worked out very well I think, simply 'cause the funds are NEARLY ALWAYS long term holders and investors keep coming after a certain point, when the coin cannot go down any more.

With $25k on the buy side already and what appears to be a limited sell side this could well be one of those coins. Some of these will go on to be the next round of BTC. They have just as good, if not better a chance as ICOs to be honest.

Nice find!
That's right. They bought it up to 2000 sats. If you want to buy any substantial amount of a coin that is sitting on exchange for 4 years it's probably min. $1,000,000 these days with BTC prices where they are now, so the purported $100k-$250k buy up was clearly a shrewd move. The intention is explicitly stated in the info on the post: now the focus is on to updating the Blockchain with POS and Master Nodes I assume, which will give it more mining utility via the POS extension. Then promote it as a sort of alternate possible BTC to the ICO community. That makes a lot of sense. In fact it is not impossible that it may well turn out to be one of the most profitable trades in Crypto!
Certainly looks like the media is picking up on this now: https://coincurrencynews.com/2017/12/07/zurcoin-and-monkey-team-up/ and up 60% today! So this is a new Bitcoin, basically. Just wait for BTC FOMO to kick in lol
It's the same mafia as the Bitcoin mafia behind this.
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December 08, 2017, 12:27:31 AM
 #10

From: https://coincurrencynews.com/2017/12/07/zurcoin-and-monkey-team-up/

Highlights
*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

Seems like the same crew. Interesting. So what, they are trying to make a new BTC?
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December 08, 2017, 12:29:43 AM
 #11

From: https://coincurrencynews.com/2017/12/07/zurcoin-and-monkey-team-up/

Highlights
*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

Seems like the same crew. Interesting. So what, they are trying to make a new BTC?
Yeah, because Bitcoin is getting much higher and they have all this excess cash. But also they wanna do one with a POS-function on it, but not so dillutive you get all this shitcoin mining bashing the price, basically. ZURCOIN is an obvious one for this.
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December 08, 2017, 01:40:30 AM
 #12

From: https://coincurrencynews.com/2017/12/07/zurcoin-and-monkey-team-up/

Highlights
*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

Seems like the same crew. Interesting. So what, they are trying to make a new BTC?
Yeah, because Bitcoin is getting much higher and they have all this excess cash. But also they wanna do one with a POS-function on it, but not so dillutive you get all this shitcoin mining bashing the price, basically. ZURCOIN is an obvious one for this.
Yes that makes total sense now.
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December 08, 2017, 04:01:53 PM
 #13

Could be good alt play.  More info?  Dev link?
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December 08, 2017, 04:07:21 PM
 #14

Could be good alt play.  More info?  Dev link?
ANN: https://bitcointalk.org/index.php?topic=391806.0 and you can try the guy's telegram (one who did the WP): https://t.me/gameoftokens

The WP is available in that room I think or you can try here: https://t.me/danielmarkharrison in the channel.
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December 08, 2017, 04:47:08 PM
 #15

From the WP:

It is clearly established that bitcoin is exporting massive price deflation across the Crypto landscape. At the same time, few digital assets have laid uninterfered-with for sufficient time to build a deep and wide network without being overly-centralised in the way that Kolin Evans pointed out had happened in the case of Bitcoin (indeed this is a major part of the reason for the Bitcoin price deflation effects now). Zurcoin offers the Crypto world not just a second chance at an uninterrupted Bitcoin-type price escalation, but a clear and profound opportunity at the same time for the market to recorrect back to one whereby altcoins are fluidly traded against inflationary assets that simulate the overall price direction of the market.  Bitcoin’s underpinning of the market will enable the somewhat higher degree of flexibility that Zurcoin will require as it improves and continued to expand among increasing numbers of alternate pair exchanges across the trading landscape.

About says it all.

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December 08, 2017, 04:50:20 PM
 #16

Agree completely with you. It is one of the most interesting WPs I've read in a long long time to be honest. Wonder how many other late-starters there are now coming up? May be an idea to revisit Quark too.
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December 08, 2017, 05:06:17 PM
 #17

Can provide more info on revisit Quark in current crypto context?  What relevancy?
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December 08, 2017, 05:31:06 PM
 #18

And where can we buy this coin? The only two exchanges are yobit and novaexchange and both are scams probably.
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December 08, 2017, 05:41:43 PM
 #19

And where can we buy this coin? The only two exchanges are yobit and novaexchange and both are scams probably.
Yah, Yobit ain't the best solution in the world. The Crypto is shortly moving to Cryptopia but at that point it's probably already double the price. It's one of those classic "do I do it now or wait till later with a better exchange?" scenarios. I bought about 1 btc worth off Yobit and transferred out to cold storage without a problem, though.
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December 08, 2017, 05:43:43 PM
 #20

And where can we buy this coin? The only two exchanges are yobit and novaexchange and both are scams probably.
Yah, Yobit ain't the best solution in the world. The Crypto is shortly moving to Cryptopia but at that point it's probably already double the price. It's one of those classic "do I do it now or wait till later with a better exchange?" scenarios. I bought about 1 btc worth off Yobit and transferred out to cold storage without a problem, though.
The primary effect that Yobit seems to be having on this coin is selling a ton load of it that they don't actually have meaning they are constantly rebuying it. This will fly when it is on Cryptopia since there simply isn't the kind of supply for sale at this price that Yobit would have you believe.
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