[ANN] [QRK] Quark | Core 0.10 upgrade - page 106.

georgem

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Quote from: Vlad2Vlad on August 10, 2014, 07:45:18 PM

I agree with you in part but I think there's more going on. Miners are having a hard time so they have to sell more and more of the coins they're mining which creates a selling begets selling environment.

Then Bitcoin looks like it's about to take off so more and more people are dumping alts to get on that train ride.

All of this, plus the impatience you mention, adds massive sell pressure. This is why it's a good idea to drop the subsidy and max coin supply if it's possible - it will minimize the selling pressure.

I also agree this is the time you stack as many quark and alts that you can afford. I think one can easily make 10-100 fold more off the right alts than if they bought straight BTC.

Cheers!

If you are a miner and somehow believe in the LIE that you have to sell all mined coins IMMEDIATELY then you will not be in the mining business for a long time anyway.

Imagine a world where every miner kept their coins for atleast a month before selling, and they would always ONLY sell at slightly higher prices than what the market says,... well we would see a completely different price picture.

I mine all the coins that I own, not because mining is profitable (hasn't been in a long time)... but because this is the reason why my wallets have value IN THE FIRST PLACE!

Vlad2Vlad

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Quote from: georgem on August 10, 2014, 07:41:52 PM

Quote from: Vlad2Vlad on August 10, 2014, 07:38:13 PM

Quote from: georgem on August 10, 2014, 07:35:23 PM

If it happens this september or 2016... I don't care. Because I am patient.

I hear ya, but I'm hoping for this year simply cause until Bitcoin pops all alts will continue to go much lower. I like the idea of buying lower but I said that last month and now I'm down another 75% nearly across the board which is a massive loss.

One more month or two of being able to buy this low would be great, though.

So obviously the reason why all altcoins continue to go lower is because of impatient people who are in it for the quick buck and are now continuously selling and selling, and therefor creating a negative feedback loop.
But cryptocurrencies are here to stay, and even with a reduced hashrate and not so big community a coin can survive and succeed in the end.

So, I look at low prices as some form of punishment for the impatient people and reward for the patient ones.

Keep stacking quarkcoins.

I agree with you in part but I think there's more going on. Miners are having a hard time so they have to sell more and more of the coins they're mining which creates a selling begets selling environment.

Then Bitcoin looks like it's about to take off so more and more people are dumping alts to get on that train ride.

All of this, plus the impatience you mention, adds massive sell pressure. This is why it's a good idea to drop the subsidy and max coin supply if it's possible - it will minimize the selling pressure.

I also agree this is the time you stack as many quark and alts that you can afford. I think one can easily make 10-100 fold more off the right alts than if they bought straight BTC.

Cheers!

georgem

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Quote from: Vlad2Vlad on August 10, 2014, 07:38:13 PM

Quote from: georgem on August 10, 2014, 07:35:23 PM

If it happens this september or 2016... I don't care. Because I am patient.

I hear ya, but I'm hoping for this year simply cause until Bitcoin pops all alts will continue to go much lower. I like the idea of buying lower but I said that last month and now I'm down another 75% nearly across the board which is a massive loss.

One more month or two of being able to buy this low would be great, though.

So obviously the reason why all altcoins continue to go lower is because of impatient people who are in it for the quick buck and are now continuously selling and selling, and therefor creating a negative feedback loop.
But cryptocurrencies are here to stay, and even with a reduced hashrate and not so big community a coin can survive and succeed in the end.

So, I look at low prices as some form of punishment for the impatient people and reward for the patient ones.

Keep stacking quarkcoins.

Vlad2Vlad

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www.ixcoin.net

Quote from: georgem on August 10, 2014, 07:35:23 PM

If it happens this september or 2016... I don't care. Because I am patient.

I hear ya, but I'm hoping for this year simply cause until Bitcoin pops all alts will continue to go much lower. I like the idea of buying lower but I said that last month and now I'm down another 75% nearly across the board which is a massive loss.

One more month or two of being able to buy this low would be great, though.

georgem

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Quote from: Vlad2Vlad on August 10, 2014, 07:30:57 PM

Quote from: georgem on August 10, 2014, 07:28:03 PM

Quote from: coinerer on August 10, 2014, 07:22:01 PM

mistake, 30 ksat

I agree with you.

Quark will go to 1$ soon. (next few years, I am patient)

If quark hits $1 it's gonna be in the next few months not next few years. The next crypto boom should start by the latest September and if not, then nov should see a massive ETF fueled run for Bitcoin which should drive all alts.

Cheers!

If it happens this september or 2016... I don't care. Because I am patient.

Netnox

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Quote from: Y3llowb1ackbird on August 10, 2014, 06:21:59 PM

Quote from: Netnox on August 10, 2014, 01:10:57 PM

Quote from: quarkfx on August 10, 2014, 01:07:13 PM

Quote from: Netnox on August 10, 2014, 12:32:14 PM

Quote from: quarkfx on August 10, 2014, 07:32:05 AM

For those who are interested in the Proof of Burn proposal that I made: You can find the Alpha Draft of the concept on Reddit.

http://www.reddit.com/r/QuarkCoin/comments/2d5521/proof_of_burn_concept_alpha_draft/

I'm impressed with the draft, what i like about Peter is that he as an ambitious dev (or one of the devs) of this coin who is connected to the community and is a strong favour of transparency, this alone build trust.

About the slowly maturing coins aka initial phase, if i understood right 50% will be paid back monthly spread into 5 years. Lets say someone needs his 50% or a major part of it, is it possible to request? Adding community fund of 20% makes 70% of the fund stored away. Wouldn't this 70% hold some off from investing/burning despite the issues it can solve?

Well yes, this is a deterrent to speculants and that is fully intended because while it reduces liquidity for a certain period it allows long term planning: as i wrote in the draft, this has zo be understood like a contract between all participants to not dump their holdings. If it could be hedged as proposed by Josh the sense would be undermined in a way and give way to speculation. Just my opinion on it.

I see, fair explanation. Overal looking forward to this

I could imagine those who burn would want to know if their investment is safe hands. I know this is legit but would appreciate if you could explain on that? and also if someone would want to request funds for personal reasons how would that go?

Yeah, I am by no means advocating the hedge...I was just exploring the implications. QuarkFx is correct it will cause way too much volatility compared to the benefits.

Basically, burners just have to trust the reputation of the people creating the new coin...same as any other coin that does PoB or IPO. Hopefully, with Quark veterans behind the project, people will trust us. After the Genesis block is mined, it will all be transparent because all the new coins will show up in your wallet, although some of them will be immature until predetermined block numbers in the future.

What do you mean by your statement "if someone would want to request funds for personal reasons how would that go?"

By the new coins showing in the wallet you mean both the slowly maturing coins of 50% + the 30%? Will the slow maturing coin be in my wallet or hold elsewhere?

By the last statement i mean, lets say i would like to have my slowly maturing coins back all at once because of personal reasons, is this possible?

Vlad2Vlad

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Quote from: georgem on August 10, 2014, 07:28:03 PM

Quote from: coinerer on August 10, 2014, 07:22:01 PM

mistake, 30 ksat

I agree with you.

Quark will go to 1$ soon. (next few years, I am patient)

If quark hits $1 it's gonna be in the next few months not next few years. The next crypto boom should start by the latest September and if not, then nov should see a massive ETF fueled run for Bitcoin which should drive all alts.

Cheers!

Vlad2Vlad

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Activity: 3052

Merit: 1534

www.ixcoin.net

Anybody know if Max Keiser sold his entire quark position? Would be good to know cause I heard last year that he owned quite a good chunk.

Guess the next alt Max pumps and become a millionaire. Or perhaps we'll get a quark 2.0. Quark is worth a buy just for that chance.

georgem

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Quote from: coinerer on August 10, 2014, 07:22:01 PM

mistake, 30 ksat

I agree with you.

Oh, you mean the all time high? lol

It really depends, but I think we will see Quark go to 1$ soon.

(next few years, I am patient)

coinerer

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mistake, 30 ksat

I agree with you.

georgem

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Quote from: coinerer on August 10, 2014, 07:08:45 PM

Investors are already "rewarded" buying up to 3000 sat.

+1

Exactly.

I am happy about the low price now, and I know that this opportunity will soon disappear, and prices will soon rise again.

Why are some crypto people so impatient? And make all kinds of strange manipulative plans and intrusive demands?

This baby is about a year old, for crying out loud!!!

Let it grow!

There is no better indicator of a coins value than the free market.
Quark has a low value because it deserves it.
That's what you call price discovery, that is the exact price that quark deserves now.
Quark's price will grow when people use it for serious business. (I have some plans myself)
And only then.

So help create serious business, NOT this kind of shady protocol manipulation that would make the FED proud of you.

Quote from: Netnox on August 10, 2014, 12:32:14 PM

I'm impressed with the draft, what i like about Peter is that he as an ambitious dev (or one of the devs) of this coin who is connected to the community and is a strong favour of transparency, this alone build trust.

I invest in cryptocurrencies so I DON'T NEED to trust other people IN THE FIRST PLACE.
Seriously, can someone summarize in a few words or sentences what this whole Proof of Burn is all about?
And why we should need it, instead of just building serious business around quark?

coinerer

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What does it mean rewarding investors:

4 Rewarding network maintenance on every level

Investors: people who provide funds and support the value by holding to it

Do you plan to reward biggest investors? Huh

Why? For what? For this dumping?

AGAINST!

It looks good this big font size.

Investors are already "rewarded" buying up to 30000 sat.

You have my wallet address from earlier, so you can reward me in front of this PoB.

georgem

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And another one for today, since I am in a good mood:

If you like this GIF, please donate any amount of QRK you like and I will create more:
http://qrk.blockr.io/address/info/QSWH2gfjBhvKiasJXxudHLR2JDD8Y1zTPw

Y3llowb1ackbird

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Quote from: Netnox on August 10, 2014, 01:10:57 PM

Quote from: quarkfx on August 10, 2014, 01:07:13 PM

Quote from: Netnox on August 10, 2014, 12:32:14 PM

Quote from: quarkfx on August 10, 2014, 07:32:05 AM

For those who are interested in the Proof of Burn proposal that I made: You can find the Alpha Draft of the concept on Reddit.

http://www.reddit.com/r/QuarkCoin/comments/2d5521/proof_of_burn_concept_alpha_draft/

I'm impressed with the draft, what i like about Peter is that he as an ambitious dev (or one of the devs) of this coin who is connected to the community and is a strong favour of transparency, this alone build trust.

About the slowly maturing coins aka initial phase, if i understood right 50% will be paid back monthly spread into 5 years. Lets say someone needs his 50% or a major part of it, is it possible to request? Adding community fund of 20% makes 70% of the fund stored away. Wouldn't this 70% hold some off from investing/burning despite the issues it can solve?

Well yes, this is a deterrent to speculants and that is fully intended because while it reduces liquidity for a certain period it allows long term planning: as i wrote in the draft, this has zo be understood like a contract between all participants to not dump their holdings. If it could be hedged as proposed by Josh the sense would be undermined in a way and give way to speculation. Just my opinion on it.

I see, fair explanation. Overal looking forward to this

I could imagine those who burn would want to know if their investment is safe hands. I know this is legit but would appreciate if you could explain on that? and also if someone would want to request funds for personal reasons how would that go?

Yeah, I am by no means advocating the hedge...I was just exploring the implications. QuarkFx is correct it will cause way too much volatility compared to the benefits.

Basically, burners just have to trust the reputation of the people creating the new coin...same as any other coin that does PoB or IPO. Hopefully, with Quark veterans behind the project, people will trust us. After the Genesis block is mined, it will all be transparent because all the new coins will show up in your wallet, although some of them will be immature until predetermined block numbers in the future.

What do you mean by your statement "if someone would want to request funds for personal reasons how would that go?"

georgem

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Thanks to everybody who donated.

Today's GIF is a little bit speeded up:

If you like this GIF, please donate any amount of QRK you like and I will create more:
http://qrk.blockr.io/address/info/QSWH2gfjBhvKiasJXxudHLR2JDD8Y1zTPw

Netnox

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Quote from: quarkfx on August 10, 2014, 01:07:13 PM

Quote from: Netnox on August 10, 2014, 12:32:14 PM

Quote from: quarkfx on August 10, 2014, 07:32:05 AM

For those who are interested in the Proof of Burn proposal that I made: You can find the Alpha Draft of the concept on Reddit.

http://www.reddit.com/r/QuarkCoin/comments/2d5521/proof_of_burn_concept_alpha_draft/

I'm impressed with the draft, what i like about Peter is that he as an ambitious dev (or one of the devs) of this coin who is connected to the community and is a strong favour of transparency, this alone build trust.

About the slowly maturing coins aka initial phase, if i understood right 50% will be paid back monthly spread into 5 years. Lets say someone needs his 50% or a major part of it, is it possible to request? Adding community fund of 20% makes 70% of the fund stored away. Wouldn't this 70% hold some off from investing/burning despite the issues it can solve?

Well yes, this is a deterrent to speculants and that is fully intended because while it reduces liquidity for a certain period it allows long term planning: as i wrote in the draft, this has zo be understood like a contract between all participants to not dump their holdings. If it could be hedged as proposed by Josh the sense would be undermined in a way and give way to speculation. Just my opinion on it.

I see, fair explanation. Overal looking forward to this

I could imagine those who burn would want to know if their investment is safe hands. I know this is legit but would appreciate if you could explain on that? and also if someone would want to request funds for personal reasons how would that go?

quarkfx

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Activity: 396

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Quote from: Netnox on August 10, 2014, 12:32:14 PM

Quote from: quarkfx on August 10, 2014, 07:32:05 AM

For those who are interested in the Proof of Burn proposal that I made: You can find the Alpha Draft of the concept on Reddit.

http://www.reddit.com/r/QuarkCoin/comments/2d5521/proof_of_burn_concept_alpha_draft/

I'm impressed with the draft, what i like about Peter is that he as an ambitious dev (or one of the devs) of this coin who is connected to the community and is a strong favour of transparency, this alone build trust.

About the slowly maturing coins aka initial phase, if i understood right 50% will be paid back monthly spread into 5 years. Lets say someone needs his 50% or a major part of it, is it possible to request? Adding community fund of 20% makes 70% of the fund stored away. Wouldn't this 70% hold some off from investing/burning despite the issues it can solve?

Well yes, this is a deterrent to speculants and that is fully intended because while it reduces liquidity for a certain period it allows long term planning: as i wrote in the draft, this has zo be understood like a contract between all participants to not dump their holdings. If it could be hedged as proposed by Josh the sense would be undermined in a way and give way to speculation. Just my opinion on it.

Netnox

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Activity: 2044

Merit: 1008

Quote from: quarkfx on August 10, 2014, 07:32:05 AM

For those who are interested in the Proof of Burn proposal that I made: You can find the Alpha Draft of the concept on Reddit.

http://www.reddit.com/r/QuarkCoin/comments/2d5521/proof_of_burn_concept_alpha_draft/

I'm impressed with the draft, what i like about Peter is that he as an ambitious dev (or one of the devs) of this coin who is connected to the community and is a strong favour of transparency, this alone build trust.

About the slowly maturing coins aka initial phase, if i understood right 50% will be paid back monthly spread into 5 years. Lets say someone needs his 50% or a major part of it, is it possible to request? Adding community fund of 20% makes 70% of the fund stored away. Wouldn't this 70% hold some off from investing/burning despite the issues it can solve?

digitalindustry

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‘Try to be nice’

Quote from: quarkfx on August 10, 2014, 07:32:05 AM

For those who are interested in the Proof of Burn proposal that I made: You can find the Alpha Draft of the concept on Reddit.

http://www.reddit.com/r/QuarkCoin/comments/2d5521/proof_of_burn_concept_alpha_draft/

so far it looks good - i might "burn" some quark over this train wreck.

I'm sorry democracy is why i only vote for :

Vermin supreme

https://www.youtube.com/watch?v=4d_FvgQ1csE

Crypto has a fully functioning vote system. its called the "client" and the "Free market" i.e selling and buying.

so far when you take the scams out -and all other crypto that can't be priced Quark is the leader in Crypto even at this now temporary price depression, it's still by far the leader.

^^
I have proof to back that comment up if anyone wants to challenge it?

the reason I have proof is because i understand the crypto market, and decentralized economics its really not that difficulty, so i welcome the discussion.

------------------

I don't want you to take that as non endorsement the concept is nice it will just fail because of a number of technical reason that's all.

you can not fake PoW and you can not fake a decentralized effect.

so i support its existence in the same way i support other non relevant "Crypto."

quarkfx

sr. member

Activity: 396

Merit: 250

For those who are interested in the Proof of Burn proposal that I made: You can find the Alpha Draft of the concept on Reddit.

http://www.reddit.com/r/QuarkCoin/comments/2d5521/proof_of_burn_concept_alpha_draft/

Topic: [ANN] [QRK] Quark | Core 0.10 upgrade - page 106. (Read 1031025 times)