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Topic: [ANN] [QRK] Quark | Core 0.10 upgrade - page 131. (Read 1031025 times)

hero member
Activity: 1470
Merit: 521
No more Rekt and Bust
"bottom is at 21 sat"

Yep, I still have a couple qrk i bought for 21 satoshi each...
hero member
Activity: 868
Merit: 1000
Someone change the OP, the quark mobile wallet is not in Beta anymore. BTW quarkbar copied quarks mobile app and even the splash screen lol
hero member
Activity: 1470
Merit: 608
Vave.com - Crypto Casino
wow down another 5% - the race to the bottom it seems for qrk.

By the time we decide to do something qrk will be 100 sats again where it started from. Good luck bringing it back from that level.



bottom is at 21 sat Grin

hero member
Activity: 1470
Merit: 608
Vave.com - Crypto Casino


This is my small step into supporting development of QuarkCoin. It is not too much maybe. Smiley


    http://quarkcoin.orgfree.com


You can download and try newest QuarkCoin Wallet at     http://quarkcoin.orgfree.com/quarkcoin-0.8.3.24.7z

Wallet is compiled with all the latest available source codes Smiley

   quark-master-0.8

   boost_1_55_0
   db-4.8.30.NC
   libpng-1.6.12
   miniupnpc-1.9
   openssl-1.0.1h
   protobuf-2.5.0
   qrencode-3.4.3
   qtbase-opensource-src-5.3.1
   qttools-opensource-src-5.3.1


Do backup of your wallet before installing newest QuarkCoin Wallet.


This is the best what I can do at this moment for Quark development (maybe more soon, I hope). Smiley

Try this wallet and post your opinions at this thread! It works for me.



You can support this small steps Smiley by sending donations at QuarkCoin Wallet:     QgTsq3KKoCRBqzY7Z9WqHiNErP6yghky1S





I updated Qtbase and Qttools to versions 5.3.1. (what was possible to compile with 5.3.0 is not possible with 5.3.1 (by changing number only), so I had to adjust my configuration)

Also, i compressed files with 7z (decompress with http://downloads.sourceforge.net/sevenzip/7z920.exe or http://rarlab.com/rar/wrar510.exe) because of better compression than zip-compression, and limited 10M filesize at orgfree.com

Who want to try and see they could. Smiley

Results of VirusTotal.com check  for updated file is at
https://www.virustotal.com/en/url/6c8d1f839bc6535d51de09074fa1acbc8c60193004bd312841fbf05c44a08363/analysis/1405012709/

Everything is clean from viruses Smiley


Do something useful for QRK Smiley

hero member
Activity: 1470
Merit: 608
Vave.com - Crypto Casino
Digi made a Quark Topic in the alternate crypto currency section where he is looking for a Quark clone to work with https://bitcointalksearch.org/topic/a-call-to-all-quark-clones-read-the-details-684733

Don't know digis Topic is part of quarkfx ideas. Just making sure

What is this? Main "independant" supporter of QRK works on clone?

hero member
Activity: 868
Merit: 1000
Digi made a Quark Topic in the alternate crypto currency section where he is looking for a Quark clone to work with https://bitcointalksearch.org/topic/a-call-to-all-quark-clones-read-the-details-684733

Don't know digis Topic is part of quarkfx ideas. Just making sure
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
wow down another 5% - the race to the bottom it seems for qrk.

By the time we decide to do something qrk will be 100 sats again where it started from. Good luck bringing it back from that level.


Maybe, but from my experience you do worst when you act quick because you start to get nervous. So lets go through the arguments and our view will be clearer afterwards (i hope Smiley

So the Quark only IPO. As I said elsewhere, i can´t see how the companion coin wouldn´t massively undermine Quark, because people would always ask why the heck they should keep Quark if they can have a "better" coin (and still the same community). I only see one way where the IPO is a good solution, that is when a Part of the community wants to move away from the developer. I can´t see this as a "companion" solution. However, if the development perspective appears to be negative , then it may be a good solution to move Quark investors to a somewhat more promising solution.

Take this scenario:

1. We look for a capable team of developers who are looking out for a capable and dedicated community Smiley (usually not the case, but as I lined out, the community is one key factor to success and we can provide that)
2. The developer create a Quark based coin (working title: core) that adopts features that are seriously promising (and not only to hype the coin, I am especially thinking of features that allow voting with your coins!) with ~ the amount of coins as Quark + a yearly inflation of say 1% (currently we have no stable inflation, that is seriously confusing)
3. We create an Quark only IPO and sell 1 Core = 1 Quark.
4. However 10% of the acquired amount are saved in a community pot which is used as "community premine" (I talked about this earlier). Unlike "normal" premine this money is administered by treasurers of an elected board (better: smart contracts). This is also the money which we can use to pay the developers on a regular basis (NOT at once).
(optionally 5. Another 40% is stored via smart contract and paid out to shareholders for the next 36 months. This could be a mechanism to reduce prisoners dilemma: People know that there are large shareholders and they might be scared (for good reason?) that those are just waiting for the right time to drop all of their holdings. By "leasing" it back to holders you "store" self-interest and by doing that support trust in the community. (I am not talking about shady concepts like e.g. ECC used [the longer you keep the more you get]. you will get back what you paid in, there is no additional inflation)

I really like this as an alternative in case that there is no development perspective AT ALL. So in my opinion we should seek a critical debate with the developer to level out what is possible and what not with him. If it turns out to be a waste of time then I think this could be our Plan D Smiley


Everything I wrote here: https://bitcointalk.org/index.php?topic=683618.new#new
can be applied


Maybe, but from my experience you do worst when you act quick because you start to get nervous. So lets go through the arguments and our view will be clearer afterwards (i hope Smiley



So the Quark only IPO. As I said elsewhere, i can´t see how the companion coin wouldn´t massively undermine Quark, because people would always ask why the heck they should keep Quark if they can have a "better" coin (and still the same community). I only see one way where the IPO is a good solution, that is when a Part of the community wants to move away from the developer. I can´t see this as a "companion" solution. However, if the development perspective appears to be negative , then it may be a good solution to move Quark investors to a somewhat more promising solution.


hi there,

the problem is here, that we have not acted or reacted to what the market wants for 6 months and the price is falling off of a cliff. Time is a real concern here.

This is not an issue for me to these reasons.

1. people are asking themselves that daily and already moving to other coins. Coins that have no possible give back to qrk.

2. half the qrk holders will not use their qrk to buy coins with POS and anon features. They seem to highly object to them being added to qrk anyway.

3. we could release this coin in batches and control the amount of QRKs that can be used to pay for the new coin.

4. the foundation will control the qrk that was used to buy the new coin they will not dump it on the market like those leaving qrk for other coins.



The other things you mentioned do sound like very good ideas. Also on the other thread you started there are some GREAT ideas.

I like the amount of coins you own giving weight to your vote on things, and i like the forum contributing people for activity, ideas and implementation.

Are you part of the QRK foundation already?



sr. member
Activity: 396
Merit: 250
EDIT: I edit terminology to be clear about the proceeding: proof-of-burn is a way to make sure that the newly started coin isn´t heavily premined.

wow down another 5% - the race to the bottom it seems for qrk.

By the time we decide to do something qrk will be 100 sats again where it started from. Good luck bringing it back from that level.


Maybe, but from my experience you do worst when you act quick because you start to get nervous. So lets go through the arguments and our view will be clearer afterwards (i hope Smiley

So the Quark only IPO (EDIT: rather Proof-of-burn). As I said elsewhere, i can´t see how the companion coin wouldn´t massively undermine Quark, because people would always ask why the heck they should keep Quark if they can have a "better" coin (and still the same community). I only see one way where proof of burn is a good solution, that is when a Part of the community wants to move away from the developer. I can´t see this as a "companion" solution. However, if the development perspective appears to be negative , then it may be a good solution to move Quark investors to a somewhat more promising solution.

Take this scenario:

1. We look for a capable team of developers who are looking out for a capable and dedicated community Smiley (usually not the case, but as I lined out, the community is one key factor to success and we can provide that)
2. The developer create a Quark based coin (working title: core) that adopts features that are seriously promising (and not only to hype the coin, I am especially thinking of features that allow voting with your coins!) with ~ the amount of coins as Quark + a yearly inflation of say 1% (currently we have no stable inflation, that is seriously confusing)
3. We create an Quark proof-of-burn protocol where every 1 destroyed Quark = 1 Core.
4. However 10% of the acquired amount are saved in a community pot which is used as "community share" (I talked about this earlier). This money is administered by treasurers of an elected board (better: smart contracts) and will be distributed in a timeframe that we expect is needed to install a solid infrastructure. This is also the money which we can use to pay the developers on a regular basis (NOT at once).
(optionally 5. Another 40% is stored via smart contract and paid out to shareholders for the next 36 months. This could be a mechanism to reduce prisoners dilemma: People know that there are large shareholders and they might be scared (for good reason?) that those are just waiting for the right time to drop all of their holdings. By "leasing" it back to holders you "store" self-interest and by doing that support trust in the community. (I am not talking about shady concepts like e.g. ECC used [the longer you keep the more you get]. you will get back what you paid in, there is no additional inflation)

I really like this as an alternative in case that there is no development perspective AT ALL. So in my opinion we should seek a critical debate with the developer to level out what is possible and what not with him. If it turns out to be a waste of time then I think this could be our Plan D Smiley


Everything I wrote here: https://bitcointalk.org/index.php?topic=683618.new#new
can be applied
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
wow down another 5% - the race to the bottom it seems for qrk.

By the time we decide to do something qrk will be 100 sats again where it started from. Good luck bringing it back from that level.

full member
Activity: 133
Merit: 100
Additionally, our C++ coder/Quark community member: Someguy1234.. will be assisting Max with updates! Cheesy

From Max Guevera.:


"Status on 0.9.2 code-base upgrade:

I've setup a github repository on:

https://github.com/MaxGuevara/quark092/

based on the latest Bitcoin 0.9.2 branch.

The following changes have been committed:

https://github.com/MaxGuevara/quark092/commits/master

* Makefiles updated
* Chain parameters
* Checkpoints
* Configuration files
* SHA2 POW hashing replaced with Quark hashing
* Some translations from "Bitcoin" to "Quark"
* Graphics
* Payment server

The following changes were applied to Quark:

https://github.com/MaxGuevara/quark/commits/master

All these commits needs to be included in the 0.9.2 branch of Quark.

In particular we still need to add dynamic checkpoints, from this commit:

https://github.com/MaxGuevara/quark/commit/79c3190f111cd97cfa653c382417499c1614948c

Other changes still to do:

* Places where UI text still says "Bitcoin"
* Chinese translations for "Quark"
* Other core differences between Quark and Bitcoin, particular those made by Sifcoin
* Lots of testing!

Someguy(NameEdited), feel free to create pull requests for any additional changes or e-mail me queries you may have.

Cheers"
hero member
Activity: 1470
Merit: 608
Vave.com - Crypto Casino


This is my small step into supporting development of QuarkCoin. It is not too much maybe. Smiley


    http://quarkcoin.orgfree.com


You can download and try newest QuarkCoin Wallet at     http://quarkcoin.orgfree.com/quarkcoin-0.8.3.24.zip

Wallet is compiled with all the latest available source codes Smiley

   quark-master-0.8

   boost_1_55_0
   db-4.8.30.NC
   libpng-1.6.12
   miniupnpc-1.9
   openssl-1.0.1h
   protobuf-2.5.0
   qrencode-3.4.3
   qtbase-opensource-src-5.3.0
   qttools-opensource-src-5.3.0


Do backup of your wallet before installing newest QuarkCoin Wallet.


This is the best what I can do at this moment for Quark development (maybe more soon, I hope). Smiley

Try this wallet and post your opinions at this thread! It works for me.



You can support this small steps Smiley by sending donations at QuarkCoin Wallet:     QgTsq3KKoCRBqzY7Z9WqHiNErP6yghky1S



I have received the following comment from our dev team regarding this post, until you can prove otherwise? Thank you- Meantime, I have contacted the moderators... If you can prove that you have good intentions and can make your changes publicly viewable, I will edit this post accordingly:
"My first reaction is to stay away!  It's a zip file containing a binary, with no source code available.  Additionally, the text of his post does not mention him adding a single feature, he just lists the libraries he has on his computer that he used when compiling (who cares?).  

Even if it's not a scam, if he wants to make changes to the wallet, he should fork the source code on github and make his changes publicly viewable.  If they are minor ones he should just submit pull requests for them to Max, or Someguy1234 if it's a quark-social specific change.

So my advise is to mark it as a scam and tell people to stay away."



I might agree there are many scams around, but this is not the case. This is my best intention to help QuarkCoin community a bit.

Results of VirusTotal.com check is no errors or suspicious behaviour (Detection ratio:    0 / 57  => all clean after this testing) :

https://www.virustotal.com/en/url/8990810617c4579a5f5fb787e3c4c1b09a19e80349dc7032120e21127eda05a9/analysis/1404954543/

Everybody can suggest other checks for the regularity of linked QuarkCoin Wallet  files at:  


                                                 http://quarkcoin.orgfree.com/quarkcoin-0.8.3.24.zip


I still have not open github account too.


P.S. we got reactions from the development team.  That was my intention too. Smiley
                            
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
Hey cryptohunter, thanks for answering, I will come back to the points later on, now I need a break from Quark Wink


This is the proposal that I announced, please check in:
https://bitcointalk.org/index.php?topic=683618.new#new

thanks i checked it out, i really like some of your ideas and implementation of them.

Please let's continue to discuss the qrk only ipo companion coin. I feel it could rescue qrk and would love to see the ball rolling with this as fast as possible.
sr. member
Activity: 396
Merit: 250
"My first reaction is to stay away!

Was my first reaction, too.
full member
Activity: 133
Merit: 100


This is my small step into supporting development of QuarkCoin. It is not too much maybe. Smiley


    http://quarkcoin.orgfree.com


You can download and try newest QuarkCoin Wallet at     http://quarkcoin.orgfree.com/quarkcoin-0.8.3.24.zip

Wallet is compiled with all the latest available source codes Smiley

   quark-master-0.8

   boost_1_55_0
   db-4.8.30.NC
   libpng-1.6.12
   miniupnpc-1.9
   openssl-1.0.1h
   protobuf-2.5.0
   qrencode-3.4.3
   qtbase-opensource-src-5.3.0
   qttools-opensource-src-5.3.0


Do backup of your wallet before installing newest QuarkCoin Wallet.


This is the best what I can do at this moment for Quark development (maybe more soon, I hope). Smiley

Try this wallet and post your opinions at this thread! It works for me.



You can support this small steps Smiley by sending donations at QuarkCoin Wallet:     QgTsq3KKoCRBqzY7Z9WqHiNErP6yghky1S



I have received the following comment from our dev team regarding this post, until you can prove otherwise? Thank you- Meantime, I have contacted the moderators... If you can prove that you have good intentions and can make your changes publicly viewable, I will edit this post accordingly:
"My first reaction is to stay away!  It's a zip file containing a binary, with no source code available.  Additionally, the text of his post does not mention him adding a single feature, he just lists the libraries he has on his computer that he used when compiling (who cares?).  

Even if it's not a scam, if he wants to make changes to the wallet, he should fork the source code on github and make his changes publicly viewable.  If they are minor ones he should just submit pull requests for them to Max, or Someguy1234 if it's a quark-social specific change.

So my advise is to mark it as a scam and tell people to stay away."
full member
Activity: 133
Merit: 100


This is my small step into supporting development of QuarkCoin. It is not too much maybe. Smiley


    http://quarkcoin.orgfree.com


You can download and try newest QuarkCoin Wallet at     http://quarkcoin.orgfree.com/quarkcoin-0.8.3.24.zip

Wallet is compiled with all the latest available source codes Smiley

   quark-master-0.8

   boost_1_55_0
   db-4.8.30.NC
   libpng-1.6.12
   miniupnpc-1.9
   openssl-1.0.1h
   protobuf-2.5.0
   qrencode-3.4.3
   qtbase-opensource-src-5.3.0
   qttools-opensource-src-5.3.0


Do backup of your wallet before installing newest QuarkCoin Wallet.


This is the best what I can do at this moment for Quark development (maybe more soon, I hope). Smiley

Try this wallet and post your opinions at this thread! It works for me.



You can support this small steps Smiley by sending donations at QuarkCoin Wallet:     QgTsq3KKoCRBqzY7Z9WqHiNErP6yghky1S



Hi there,
Can you comment a bit more on what exactly this is, for us non-techies?
And also post images of what this wallet looks like?
I am a bit confused as to why someone would download this, i.e., what is its value, and how do we know it can be trusted?
There is a concept GUI in the works from a C++ coder and another active Quark member who is a graphics designer--
The same C++ coder is now working with Max on updating the Bitcoin 0.9.x changes into the Quark wallet-
Thanks for the clarification on what you have provided here for us
- are you a C++ coder, and are you available to assist Max as well?
Please let me know and I will pass it on.
sr. member
Activity: 396
Merit: 250
Hey cryptohunter, thanks for answering, I will come back to the points later on, now I need a break from Quark Wink


This is the proposal that I announced, please check in:
https://bitcointalk.org/index.php?topic=683618.new#new
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
I agree, we should be specific. I try my best to find some flaws to get a discussion going Wink


Quote
Mining it at all is NO use to current qrk holders other than to help secure the chain if it is merge mined. To me i'd rather just see POS introduced that another merge mined coin. If we are just talking about securing the chain at least that way current qrk holders have advantage over persons not even interested in qrk

First off, I see currently only one main issue that is the hashrate, because it will become a threat of the network and scare away people. A merge mining coin can help us to increase network stability. It won´t automatically solve the other issues that you address, but it will provide the basis for other things to happen. So I´d say, yes mining is currently only for keeping the chain secure and merge mining would help here. It is not the only solution, though. Will come back to that later.

So from what you say ("To me i'd rather just see POS introduced that another merge mined coin.") it sounds as if you were just for introducing POS instead of merge mining. We had this discussion some weeks ago and I think the baseline was that POS has too many flaws. I still think that there are some promising POW+POS projects out there we should consider as an alternative solution to merge mining.

Quote
Merged mining it solves only the hash rate issue nothing else. The companion coin needs to be 100% premined by the foundation and sold for qrk through ipo.

I see no logical reasoning from people saying this is pointless and has no benefits for qrk .... i just went through the steps of how it would push a pot of QRK to the foundation at the same time causing qrk price to rise, bring back interest from qrk investors, and increase the size of the community. You  have to be a qrk holder to get the new coin. That is the entire point of it. If it is just merge mined how does that help qrk holders any more than any other miner?

The new companion coin needs to have a great dev team behind it with some specific services. Some of which will not be ideal for qrk. These coins although can fund services and projects for both , not all services will be appropriate for qrk.

You address the need for funds to get things going. I only wonder what would happen if we create one hell of a coin that can only be bought with Quark. I would expect people rather investing in this coin and not in Quark so the Quarks would loose even more value and then the whole point would be missed. Maybe I got something wrong, so maybe you can comment on that again.

Quote
What is important is that we are number 19 on cmc and falling fast. QRk can turn this around before we are number 100. We still have the wealth and means to become a large coin. Let's hurry up and use this current wealth we have to fund more development and services. That is the only important thing for the coin right now. Let's face it all alts and even btc.... whats the difference? that's right services and developments and perceived future success. Sure we want the anon, pos, sms, every single hype to propel us further by sucking in new blood and new btc to fund these services and developments.

To me the falling price is an issue but it is not really a thing we should be scared about. I agree, Quark dropped to 19 and even 20 but many of the higher rated coins are new ones that are currently hyped. I also see that this shouldn´t make us happy about the development but we need to remember one thing: Quarks value is more than the price. It is the work we have done, the work we are currently doing and the structures we managed to establish + our active community. That´s why I don´t agree that this is the "only important thing for the coin right now". Most coins didn´t manage to build up a solid taskforce - we did. However, we sucked in getting our developer to be active and up to date. This needs to be changed and if it doesn´t change we need to take measures (I will post about this in an upcoming thread).

So I agree on your point, that new things needs to be implemented and some active devs. However, I don´t see why we shouldn´t be able to do this by raising money in the community. I have no doubts that we will be able to raise larger ammounts to pay for a developer who works on Quark and I think if it was only the development issue then we should prefer this to any other solution.

As I wrote I am for a merge mining concept to get the hashrate up and I wouldn´t have a problem with premining as long as the money would be a) administered by a solid, democratic and transparent Quark Foundation b) not paid (premine) out at once but based on a quarterly (or so) basis and c) has distinguishing features to Quark. I don´t see the problems with a) and b) - we will be able to do that. But when it comes to c) I wonder if the companion coin wouldn´t become either a competitor to Quark (if its good) or very bad promo (if its bad, gets pumped, etc.).

Aside from merge-mining I would like to see again discussions about POS+POW implementation. With regard to the value this alone won´t solve any issues but if we launch a series of new technologies like the one you mentioned (plus the ones I will present in another thread) I can see how interest will come back. This is why currently I tend to prefer to focuss on active devs who can work on a complete Quark overhaul that will make it more interesting and demonstrates our will to continue working on the protocol.


Hi thanks for commenting more on specifics so we can explore things to a deeper level.

Yes i agree the merged mining could secure the chain. However i see it has not real advantage to qrk holders over any other miners. Also a lot of large qrk holders/investors do not even mine. I just think POS gives added security and benefits only qrk holders.


You address the need for funds to get things going. I only wonder what would happen if we create one hell of a coin that can only be bought with Quark. I would expect people rather investing in this coin and not in Quark so the Quarks would loose even more value and then the whole point would be missed. Maybe I got something wrong, so maybe you can comment on that again.

Yes, if the companion coin became more desirable that qrk, it would still be no more competition than cloak, xc, dark, etc. It adds little extra downward pressure to qrks market compared to all the other competing alts. However, imagine the funds in qrk the foundation would accrue because people can only obtain it with qrk, imagine the price of the new coin if it became that desirable so that the built in dev pot of the companion coin would be worth a fortune for funding developments and services that can be used for BOTH coins because it is governed by the same foundation. It will have so many possible advantages for qrk and only the same downside as every other alt out there already in competition with qrk.


To me the falling price is an issue but it is not really a thing we should be scared about. I agree, Quark dropped to 19 and even 20 but many of the higher rated coins are new ones that are currently hyped. I also see that this shouldn´t make us happy about the development but we need to remember one thing: Quarks value is more than the price. It is the work we have done, the work we are currently doing and the structures we managed to establish + our active community. That´s why I don´t agree that this is the "only important thing for the coin right now". Most coins didn´t manage to build up a solid taskforce - we did. However, we sucked in getting our developer to be active and up to date. This needs to be changed and if it doesn´t change we need to take measures (I will post about this in an upcoming thread).

To me the falling price is a big issue. The reason being the devs we need to attract and the teams we need to get involved see fiat as the end result or btc if they are really crypto enthusiasts and not in it for fiat covertion asap as most are. If qrk was still 30k sats you would have no issue getting a ton of work, developments and projects done for a million or two quark. You are now looking at millions to give developers any real world guaranteed returns. Price of your coin is KEY to attracting developers marketing teams, project managers. We are 19 right now if we are 90 then you will see turning qrk around it going to be a HUGE job. Price is more important than you think. If we could sell a few $1M of qrk to keep VIC and some teams working full time on qrk for years you would see a lot more progress, a lot more people assuming a great future for qrk and bringing their BTC and efforts to the community. All the big coins that are NEW have a lot of developers that are loaded up on the coins they are working for. We have a key dev who probably has very little financial interest in qrk hence almost zero activity.

MAX did not take hardly any qrk. He therefore has little motivation. We need a development pot for motivation. This development pot needs to have some value. So we need it now not when qrks entire minting is worth vitually nothing. I look at CMC daily. I mean if i see less than 2% loss for qrk i start thinking this is a good day lol

Let's be realistic...

No active dev
small active core with zero funding?
most qrk investors outside of the crypto community.
chain looks insecure

VS

devs with tons of coins
community very active due to holding bunches of coins and being active members of the crypto community
tons of hype trains to ride due to promising every new feature and having devs to actually make this realistic.... sucking in new btc and new blood every day.
chains secure with many miners and pos.

POS is it really as problematic as some would have you believe?

how many issues have you had with PPC ?

POS needs constant attention? well if you have full time devs even if this is true it is not essentially a big problem. This is probably outweighed by the cost in energy of POW and sizable inflation required to keep miners even interested in securing the chain. I mean opening the wallet a couple of times a week to get 0.5% per year interest is better than mining away for energy costs or less than energy costs with inflation still running at reasonably high % each year.

Let's bring some real proven coders here to discuss how bad POS really is? sunny king let's ask him how much of an issue ppc is to him to maintain.

Sure qrk went crazy price and is reverting a bit to where it should be, but seriously if nothing changes qrk will get crushed by more motivated and better funded coins. It is happening now let's turn this around before it is too late.





hero member
Activity: 1470
Merit: 608
Vave.com - Crypto Casino


This is my small step into supporting development of QuarkCoin. It is not too much maybe. Smiley


    http://quarkcoin.orgfree.com


You can download and try newest QuarkCoin Wallet at     http://quarkcoin.orgfree.com/quarkcoin-0.8.3.24.zip

Wallet is compiled with all the latest available source codes Smiley

   quark-master-0.8

   boost_1_55_0
   db-4.8.30.NC
   libpng-1.6.12
   miniupnpc-1.9
   openssl-1.0.1h
   protobuf-2.5.0
   qrencode-3.4.3
   qtbase-opensource-src-5.3.0
   qttools-opensource-src-5.3.0


Do backup of your wallet before installing newest QuarkCoin Wallet.


This is the best what I can do at this moment for Quark development (maybe more soon, I hope). Smiley

Try this wallet and post your opinions at this thread! It works for me.



You can support this small steps Smiley by sending donations at QuarkCoin Wallet:     QgTsq3KKoCRBqzY7Z9WqHiNErP6yghky1S

sr. member
Activity: 396
Merit: 250
I agree, we should be specific. I try my best to find some flaws to get a discussion going Wink


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Mining it at all is NO use to current qrk holders other than to help secure the chain if it is merge mined. To me i'd rather just see POS introduced that another merge mined coin. If we are just talking about securing the chain at least that way current qrk holders have advantage over persons not even interested in qrk

First off, I see currently only one main issue that is the hashrate, because it will become a threat of the network and scare away people. A merge mining coin can help us to increase network stability. It won´t automatically solve the other issues that you address, but it will provide the basis for other things to happen. So I´d say, yes mining is currently only for keeping the chain secure and merge mining would help here. It is not the only solution, though. Will come back to that later.

So from what you say ("To me i'd rather just see POS introduced that another merge mined coin.") it sounds as if you were just for introducing POS instead of merge mining. We had this discussion some weeks ago and I think the baseline was that POS has too many flaws. I still think that there are some promising POW+POS projects out there we should consider as an alternative solution to merge mining.

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Merged mining it solves only the hash rate issue nothing else. The companion coin needs to be 100% premined by the foundation and sold for qrk through ipo.

I see no logical reasoning from people saying this is pointless and has no benefits for qrk .... i just went through the steps of how it would push a pot of QRK to the foundation at the same time causing qrk price to rise, bring back interest from qrk investors, and increase the size of the community. You  have to be a qrk holder to get the new coin. That is the entire point of it. If it is just merge mined how does that help qrk holders any more than any other miner?

The new companion coin needs to have a great dev team behind it with some specific services. Some of which will not be ideal for qrk. These coins although can fund services and projects for both , not all services will be appropriate for qrk.

You address the need for funds to get things going. I only wonder what would happen if we create one hell of a coin that can only be bought with Quark. I would expect people rather investing in this coin and not in Quark so the Quarks would loose even more value and then the whole point would be missed. Maybe I got something wrong, so maybe you can comment on that again.

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What is important is that we are number 19 on cmc and falling fast. QRk can turn this around before we are number 100. We still have the wealth and means to become a large coin. Let's hurry up and use this current wealth we have to fund more development and services. That is the only important thing for the coin right now. Let's face it all alts and even btc.... whats the difference? that's right services and developments and perceived future success. Sure we want the anon, pos, sms, every single hype to propel us further by sucking in new blood and new btc to fund these services and developments.

To me the falling price is an issue but it is not really a thing we should be scared about. I agree, Quark dropped to 19 and even 20 but many of the higher rated coins are new ones that are currently hyped. I also see that this shouldn´t make us happy about the development but we need to remember one thing: Quarks value is more than the price. It is the work we have done, the work we are currently doing and the structures we managed to establish + our active community. That´s why I don´t agree that this is the "only important thing for the coin right now". Most coins didn´t manage to build up a solid taskforce - we did. However, we sucked in getting our developer to be active and up to date. This needs to be changed and if it doesn´t change we need to take measures (I will post about this in an upcoming thread).

So I agree on your point, that new things needs to be implemented and some active devs. However, I don´t see why we shouldn´t be able to do this by raising money in the community. I have no doubts that we will be able to raise larger ammounts to pay for a developer who works on Quark and I think if it was only the development issue then we should prefer this to any other solution.

As I wrote I am for a merge mining concept to get the hashrate up and I wouldn´t have a problem with premining as long as the money would be a) administered by a solid, democratic and transparent Quark Foundation b) not paid (premine) out at once but based on a quarterly (or so) basis and c) has distinguishing features to Quark. I don´t see the problems with a) and b) - we will be able to do that. But when it comes to c) I wonder if the companion coin wouldn´t become either a competitor to Quark (if its good) or very bad promo (if its bad, gets pumped, etc.).

Aside from merge-mining I would like to see again discussions about POS+POW implementation. With regard to the value this alone won´t solve any issues but if we launch a series of new technologies like the one you mentioned (plus the ones I will present in another thread) I can see how interest will come back. This is why currently I tend to prefer to focuss on active devs who can work on a complete Quark overhaul that will make it more interesting and demonstrates our will to continue working on the protocol.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
Unless the companion coin also uses the Quark algorithm and has some purpose that compliments Quark it is a bad idea and sends all the wrong messages.

If it uses an algo other than Quark you are saying Quark algo is not the best...that is no help to Quark.

If it serves no purpose or compliment it would just be another competitor for the same crowd...like if coke and pepsi were both from the same company spending millions on advertising campaigns against themselves.

If Quark is the fast transaction standard for business then the companion coin should either be 1) a mid to high % pos coin that people like to hold and stack like silver bars with a mid level block time and a steady pow reward...think Cthulu for reward amount and slow rate of halving, and Hobonickels for pos rate, or 2) it should be an Anonymous type coin, though I think there are already enough of those with a few clear winners in that race.  

It has been said that pow+pos coins like HBN, CAPs, TEK etc need a lot of dev maintanance but I don't see any of those Devs even mentioning that.  There are ZERO quark algo POW + POS out there now.  That would be UNIQUE.  It also doesn't interfere or compete with Quark as the strategies and mindset for holding/trading higher interest POS/POW coins is different than that of Quark.  A premine would create a nice Dev trustfund that stakes and generates more revenue. If managed well the draw vs replenishment can be balanced.  Some could also be used for social justice campaigns like HBN that donate some stake to various charities.

I think if you are going to bother with a companion coin then make it an obvious attempt at something, not just a useless clone with no vision or purpose other than a hashrate bump for a month until it is pumped on mintpal and dies like the other 75 coins released last month.

Good points as well

If the companion coin is merge-mined with Quark, it must be a quark algo in order to merge..
The tricky part is coming up with the features that will be of interest to people-
I do like the idea of a longer term distribution/higher value coin with anonymous features--The reason I like anonymous features (if done right -i.e. no chance of double spending),is because the govt is stating they are in favor of Bitcoin regulation- These words mean tracking finances to me- a Quark algo coin with anonymous features merge-mined to increase hashrate and provide some infrastructure funds would be a nice scenario... Grin


Wow it seems pretty difficult to get people to understand how the companion coin would be of help to QRK.

These are some things we need to solve right now ..... please comment on them or add more specific changes improvements - abstract analogies do not help

1. Elect a true community manager/s that have time/energy to unite the qrk community. VIC. DI ....some not scared to give things a try.
2. Bring back the investors holding qrk to discuss the future projects/services.
3. Solve the chain security issue.
4. Get some projects/services going. (funded by ROI or other ways)
5. Stop missing out on the hype trains that bring in new BTC and community members.
6. Start reaching out once more beyond the crypto communities
7. QRk exchange for fiat only.  No other crypto. No point reaching out and finding people that have not heard of crypto only to introduce them to 400 other coins.


Mining it at all is NO use to current qrk holders other than to help secure the chain if it is merge mined. To me i'd rather just see POS introduced that another merge mined coin. If we are just talking about securing the chain at least that way current qrk holders have advantage over persons not even interested in qrk

The companion coin should be a POS coin that is fully premined with a development pot there already. Otherwise it solves zero of the other problems we need to solve that qrk has. How does it create any kind of development fund for qrk? How does it bring back interest from qrk investors outside of the community that don't even mine?

Merged mining it solves only the hash rate issue nothing else. The companion coin needs to be 100% premined by the foundation and sold for qrk through ipo.

I see no logical reasoning from people saying this is pointless and has no benefits for qrk .... i just went through the steps of how it would push a pot of QRK to the foundation at the same time causing qrk price to rise, bring back interest from qrk investors, and increase the size of the community. You  have to be a qrk holder to get the new coin. That is the entire point of it. If it is just merge mined how does that help qrk holders any more than any other miner?

The new companion coin needs to have a great dev team behind it with some specific services. Some of which will not be ideal for qrk. These coins although can fund services and projects for both , not all services will be appropriate for qrk.

I mean we listed down a lot of the things we need to change with qrk. Let's start getting specific.... how does a new merged mined coin solve any of those issues.?

The algo although probably the best out there or amongst the best means nothing to me really, it is only a way to distribute the coins and keep the chain secured....they coins have been distributed already now. What algos it uses really means little. I mean i'm sure throwing in one more algo and putting that into the mix some would say that is improving it ie qrk is no longer the best. This is not important. Yes we need to secure the chain though.

What is important is that we are number 19 on cmc and falling fast. QRk can turn this around before we are number 100. We still have the wealth and means to become a large coin. Let's hurry up and use this current wealth we have to fund more development and services. That is the only important thing for the coin right now. Let's face it all alts and even btc.... whats the difference? that's right services and developments and perceived future success. Sure we want the anon, pos, sms, every single hype to propel us further by sucking in new blood and new btc to fund these services and developments.

People who seem to give strange analogies of other companies, goverments are not being specific in their arguments. Be specific, explain in detail the precise negative effects you can display the companion coin through ipo or part ipo / sidechain will have on qrk.

I still say there is zero. 10 other coins will be released today, each will promise more development and services that qrk has...... why? because this is what they will need to promise to get interest now. QRK is a dinosaur,  our multi algo pow was cool once and enough to get some interest. Those days are done, 20 other qrk based coins are already dead the algo is not the key alone to success. We are not dead already for a few reasons. 1 there is a core of development taking place by a few members who work hard for qrk, 2 a  lot of stubborn investors outside of crypto that will never sell until they are in profit, 3 the qrk name is still quite well known and there is a little bit of hope left for it. Make no mistake though qrk will continue on it's path down whilst more active communities are out there.

I have listed the benefits of the companion coin for qrk itself. It would be good to hear why exactly each of those benefits will not take place not just that it is a bit like the government or like coke and pepsi. Go through the benefits the companion coin can bring that i have listed and tell me why those will not happen. We need specific reasoned answers not just analogies that i don't think apply at all.

Also the negatives of introducing a companion coin through qrk ipo? what are they?

People are selling qrk for btc and other alts daily right now... that's right qrk will never see those btc again. Let's get them to give their qrk to the foundation in return for the new coin.



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