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      "body": "As BTC surges in recent months and passes the remarkable $1 trillion market cap it certainly leaves one to wonder how high the value of one coin can actually go.\n\nFirst it is important to consider that market cap itself is a misleading number.  As it stands there are only about 18 million bitcoins in circulation and furthermore 15-20% have been lost from the early days in lost wallets or wallets with lost passwords.\n\nThus in reality there are maybe 15 million bitcoins in circulation.\n\nIf we look at the $1,000,000 valuation that Binance CEO CZ has thrown out as possible it would set the true market cap at 1 million x 15 million, or $15 trillion.  At the high end he guessed a BTC could be worth 10 million, and thus the market cap would be $150 trillion.\n\nThis number is the same as total US  wealth in 2020!  How can that be possible?  That all the bitcoins could have the same value as all the collective wealth in the US?\n\n Even the market cap of all US stocks combined is only $50 trillion.  Could BTC be worth more than that?\n\nPerhaps a better way to consider the value is the total number of BTC that are actually liquid. Since the majority of BTC are in storage by HODLers the supply that is begin exchanged is the only real money.\n\nAs of last year it was estimated that only 3.5 million BTC are actually exchanged.\n\nAt $1 million per coin the market cap would then be $3.5 trillion.  This is reasonable.  Even $10 million per coin could occur with a resultant true cap of $35 trillion or about 10% of total global wealth.\n\nThe major issue for growth however is that as bitcoin gets more expensive less and less people/entities will be able to afford it and prices will eventually stabilize.  This could even occur prior to the $1 million mark.  The risk at that time of course is a flood of BTC into the market as all the HODLers decide to sell en masse which would drive the price down parabolically.",
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      "body": "As BTC surges in recent months and passes the remarkable $1 trillion market cap it certainly leaves one to wonder how high the value of one coin can actually go.\n\nFirst it is important to consider that market cap itself is a misleading number.  As it stands there are only about 18 million bitcoins in circulation and furthermore 15-20% have been lost from the early days in lost wallets or wallets with lost passwords.\n\nThus in reality there are maybe 15 million bitcoins in circulation.\n\nIf we look at the $1,000,000 valuation that Binance CEO CZ has thrown out as possible it would set the true market cap at 1 million x 15 million, or $15 trillion.  At the high end he guessed a BTC could be worth 10 million, and thus the market cap would be $150 trillion.\n\nThis number is the same as total US  wealth in 2020!  How can that be possible?  That all the bitcoins could have the same value as all the collective wealth in the US?\n\n Even the market cap of all US stocks combined is only $50 trillion.  Could BTC be worth more than that?\n\nPerhaps a better way to consider the value is the total number of BTC that are actually liquid. Since the majority of BTC are in storage by HODLers the supply that is begin exchanged is the only real money.\n\nAs of last year it was estimated that only 3.5 million BTC are actually exchanged.\n\nAt $1 million per coin the market cap would then be $3.5 trillion.  This is reasonable.  Even $10 million per coin could occur with a resultant true cap of $35 trillion or about 10% of total global wealth.\n\nThe major issue for growth however is that as bitcoin gets more expensive less and less people/entities will be able to afford it and prices will eventually stabilize.  This could even occur prior to the $1 million mark.  The risk at that time of course is a flood of BTC into the market as all the HODLers decide to sell en masse which would drive the price down parabolically.",
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      "body": "For the past two or more years the running world has seen the advent of a running shoe revolution.\n\nNike began this epoch with its Nike Vaporfly 4% a shoe designed to increase running efficiency by 4%.  Anecdotal analyses have shown the shoe indeed improve performance for runners across all ranges of fitness ad genetic capability and has led to multiple new world records.\n\nFrom there Nike surged forward with its next gen Vaporfly Next % and most recently Alpha Next%.\n\n\n![vfn.jpg](https://cdn.steemitimages.com/DQmPxXY1PUBpTn9BhQsMavjRrf9yngTuqDvtjqXX2LaM7Jz/vfn.jpg)\n\n\nSince Nike's first move, many shoe vendors have followed suit with super shoes of their own\n\nFor the most part these shoes incorporate three engineering advances into their design.  The presence of a stiff carbon plate embedded in the sole to returns energy in the forward stride, a thick bouncy light foam sole to minimize fatigue in the muscles, and a super light weight to reduce energy demand.\n\nOf all the vendors Adidas has put forth an excellent alternative in its new Adios Pro which has itself led to multiple new running records even against runners using the Nike shoes.\n\n\n![Adidas_Adizero_Adios_Pro.jpg](https://cdn.steemitimages.com/DQmedpzwfZxTSLEgB6ipQkUWEy4Jaokg1NXFa54ptw9wG8a/Adidas_Adizero_Adios_Pro.jpg)\n\n\nI am an average 52 year old male runner running for the past 20 years, including 15 consecutive NYC marathons. In this report I compared the Nike Vaporfly Fly Next% to the Adidas Adios Pro.  I ran exactly the same track 5K one week apart and kept all conditions the same as possible.  I also used the Stryd power foot pod to enable multiple metrics and a chest strap for maximal heart rate accuracy.\n\nBefore looking at the metrics it is important to discuss feel.  I have always found the Vaporlfy to be ill fitting.  It is awkwardly tall with diagonal lacing and a tapered pointy toe box that causes pain in my toes.  It feels super bouncy but a bit unstable.  The Adios Pro however has a very comfortable cushiony smooth feel with no pain a large toe box and a very stable feel on the ground.  If the metrics were exactly the same, I'd choose the Adidas.\n\nNow for the metrics:\n\n\n![Screen Shot 2020-12-09 at 10.53.51 AM.png](https://cdn.steemitimages.com/DQmSLe8Z4nzDSWJJRA7Pg7NqNn18iQfXBhYXGPzgjgdFs6J/Screen%20Shot%202020-12-09%20at%2010.53.51%20AM.png)\n\nThe critical metrics are really pace and power.  I was able to run the 5K distance 4 seconds per mile faster and with 2 watts more average power using the Adios Pros. This was achieved with the exact same average heart rate those proving the shoes to be more efficient.  The aerobic efficiency (Metric) which can be calculated for HR/power and HR/pace revealed an increased efficiency of 1.7% for pace and 0.7% for power.\n\nIn conclusion, the Adios Pro is a more efficient thus faster and more comfortable shoe than the Nike Vaporfly Next% at the 5 K distance for this runner.\n\nIn a future report I will compare the two at the longer 10 mile distance.",
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      "body": "Congratulations @ljdmd! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@ljdmd/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@ljdmd) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=ljdmd)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemitboard/@steemitboard/use-your-witness-votes-and-get-the-community-badge\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmTugCUsoXX762vg1CuHRrpnPbfnjPogp8iCGv7F2kSVuj/image.png\"></a></td><td><a href=\"https://steemit.com/steemitboard/@steemitboard/use-your-witness-votes-and-get-the-community-badge\">Use your witness votes and get the Community Badge</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "Bitcoin is a fascinating phenomenon. It was first launched in 2009 as an alternative to government- issued currency. Like most groundbreaking technologies it took quite a while to become recognized and utilized. Over the ensuing 10 years the term has become mainstream though often not well understood.\n\nThe concept is straightforward. Bitcoins are digital tokens that a gradually released by mining. The mining process also powers transactions over a network of independent nodes. The nodes are decentralized and therefore not owned or operated by any one person, entity, or government. They are international.\n\nThe network registers the ownership of some number or fraction of bitcoins to the owner's wallet which is an anonymous string of characters referring to a digital destination. The owner may send an amount of bitcoin to another wallet and that transaction is recorded transparently for all to see.\n\nWhat is very interesting is that the founders of Bitcoin, so-called Satoshi Nakamoto, only generated 21 million bitcoins of which so far 17 million have been mined.\n\nThe value of bitcoin fluctuates in this system by he law of supply and demand - the more people who want to own bitcoin the greater it's value becomes. This marketplace has led the value of a bitcoin to go from around $1 when it was first launched to at one point at its peak in 2018 to nearly $20,000 and currently $5500.\n\nIn addition to being used as a currency for transactions bitcoin has also become used as a store of value and/or investment similar to gold bullion.\n\nAt the time of this there are only 725,368 bitcoin wallets with at least one bitcoin, out of about 32 million total wallets. These aren't necessarily unique users either, the same person could own several of these wallets.  So for such a surprisingly small number of one bitcoin or more holders the value of $5500 is very remarkable.\n\nIf we look at wealth in the world we can consider the top 1%. The amount off assets a person must possess to be in the global 1% is ~ $770,000. Considering a population of 7 billion people that amounts to 70 million people. This is roughly 100 times the number of current one or more bitcoin owners.\n\nLet's next imagine that as bitcoin knowledge penetrates, in particular its role as a store of value, more and if more people may want to own one. Further the advancement of tools to procure bitcoin are becoming simpler.\n\nIt is thus not inconceivable that the richest 1% of people in the world want to won at least one bitcoin.\nThis will happen gradually, but as more and more try to buy that bitcoin, the value will continue to climb asymptotically. \n\nThe problem is there are only now and forever 21 million bitcoins. It is physically thus impossible for 70 million people to each own one. \n\nWe are proposing a 100 fold growth in users wanting to own one bitcoin, which would mean at least 100 fold growth in value or 500,000 per coin. Further this growth increase could be considerably steeper if a large percentage of bitcoin holders choose not to part with their coins, constraining the available supply further.\n\nThus calls for $1 million valuation for the price of one bitcoin are not out of range of possibilities.",
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      "body": "Hello all.  \n\nThis is my first post on Steem.it and it is a pleasure to be here.\n\nI recently learned about Steem.it as I was researching possible use cases of blockchain in publishing.  I had actually conceived of the idea of an altcoin to be used in publishing transactions and to reward publishers.  Low and behold such was Steem.it.\n\nActually I had seen articles from Steem.it previously via Google searches but just assumed it was a clone of Medium.\n\nGood to see what it going on here and I'm sure the future is very bright for this platform.\n\nI am a physician with a strong interest in the use of technology to extend health human lifespan.  Previously I authored a blog called Extremelongevity.net but didn't really have enough time to keep up with it.\n\nObviously we still have much to learn about human physiology and diseases.  Aging itself remains one of the most mysterious processes of all.\n\nThere are many voices and researchers out there hoping to learn to reduce or reverse aging, though there is much work to be done.\n\nIt seems likely the confluence of AI and blockchain may accelerate this process.\n\nI hope to contribute to Steem.it with research and discussion about the extension of human lifespan",
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      "body": "Hello all.  \n\nThis is my first post on Steem.it and it is a pleasure to be here.\n\nI recently learned about Steem.it as I was researching possible use cases of blockchain in publishing.  I had actually conceived of the idea of an altcoin to be used in publishing transactions and to reward publishers.  Low and behold such was Steem.it.\n\nActually I had seen articles from Steem.it previously via Google searches but just assumed it was a clone of Medium.\n\nGood to see what it going on here and I'm sure the future is very bright for this platform.\n\nI am a physician with a strong interest in the use of technology to extend health human lifespan.  Previously I authored a blog called Extremelongevity.net but didn't really have enough time to keep up with it.\n\nObviously we still have much to learn about human physiology and diseases.  Aging itself remains one of the most mysterious processes of all.\n\nThere are many voices and researchers out there hoping to learn to reduce or reverse aging, though there is much work to be done.\n\nIt seems likely the confluence of AI and blockchain may accelerate this process.\n\nI hope to contribute to Steem.it with research and discussion about the extension of human lifespan",
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