Topic: [ANN] [QRK] Quark | Core 0.10 upgrade - page 132. (Read 1031025 times)

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...

Good points Hilux. The more I think about the companion coin idea the more I become unsure whether it is a good strategy, because as you mention it will be hard to understand why there is a second coin and it certainly needs a purpose. Earlier I recommended to make this an "experiment" coin but even that doesn´t convince me any more because if it is "too" experimental people will wonder why they should mine it at all and if it is really good then people will ask "why Quark"

I think that the current situation brought up a lot of good discussions that are valuable even if we don´t go one or the other way. Is your suggestion to turn Quark into a POW+POS coin or are you reffering to the companion coin? (I guess the latter) Also, would PoW+PoS lower the "issue" of a low hashrate?

Good points as well

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.

What is your opinion about actually join with an algorithm that IS ASIC mine able? Like Bitcoins algorithm. I'm against ASICs in general, but they do serve to lock people in and that means tying a certain amount of capital to the network.

I believe cryptos are the future, but GPU mining is not. It is a crude backyard-engineering method of confirming coin trades. The reality is ASICs are what is needed for coins to be successful long term. And wouldn't ASICS make quarks network even more stronger since it's merge mined with a coin that can be mined with ASICS?

This is not decided. If you followed this thread you will see that are diffrrent opinion in the community and we should prepare well if we decide to go this way. Just my opinion.

No that's not the goal of the new coin, as far as i know a new coin will be made where quark is going to be merge mined with. One of the goals is to make the quark network stronger and more secure, people are free to buy the coin. See this reply for more details https://bitcointalksearch.org/topic/m.7672737 Some things can be changed though don't know if it's the final, but this is the basic idea for the plan as far as i'm informed

So essentially the companion coin is a way for Quark holders to convert and hold those coins? How do you envision this to work when a large QRK holder converts to a coin with much lower supply?

YC

Yes, anyone or any new team could come forward for the creation and management of the new companion coin. I think VIC would be a good choice, but it could be done as you say.

Bill can contact those investors outside of this board.

I just mean a QRK shop. Fiat to QRK for simple purchase of QRK.


The companion coin will solve a lot of the issues qrk has as i explained. If you take time to consider the IPO available to qrk holders only and run through it you will see it solves a lot of issues qrk has. I still say the superblock is a much better solution, but since people have issue with it then the companion coin if handled correctly will do a lot of good. Look at QRK it is sinking like a stone. No sign of MAX there is no real leadership or community. Things can not get any worse  qrk will be worth zero in another few months.

I would do the companion coin like this.

36million - coin must have everything people want and lots of active development on the coin itself......anon, pos, sms wallets, bla bla everything people want, no point saying it's all junk and hype whilst they sit in the top 5 market cap and qrk sinks to 50th place. You must give the market what it wants or die.

cost of the new coin is 10 quark each if you want the new coin you will need to purchase qrk first. So if the coin looks desirable people will need to purchase qrks to get some. But wait, there are no qrks for sale, most are held by investors who have forgotten they own qrk or waiting for it to magically go to 100 bucks per qrk.  Price of qrk will rise. Giving the pot of qrks even greater purchasing power for development.

The foundation will have a large pot of qrks coming their way in return for the companion coin. These can be held in transparent pubic wallets, there is no trust needed. These can be used to fund projects, services, and developments for both coins. The 6 million remaing companion coins  will be held in public transparent wallets too so no trust required there either. These coins and the big pot of qrks can be used as the community sees fit.

We need to bring in a totally new development team governed by the qrk foundation. These teams development/marketing community managers etc will be part of the qrk team essentially since their cut of qrks and the new companion coins will be linked to the successful completion of tasks set.

I see zero negatives of this companion coin. Let's stop sitting here wasting time and do something. The question here is who can actually get this done? I say VIC should do this and get paid well for doing it. He has worked his ass of for essentially nothing for months. Imagine he had some funding behind him to pay to bring on other developers, project managers etc.

Once this is rollling and we have the interest of qrk holders again we need ROI projects ready to roll.

A QRK store - fiat to qrk is essential. No other crypto involved even btc.

check this out:

http://www.reddit.com/r/QuarkCoin/comments/2a4pnz/earning_quarks_for_contributing_to_the_community/


we searching for any helpers in our new project!

great job quarkfx!

Gut gemacht weiter so!

Looks sweet quarkfx

Quark has some features that no other coin offers and you managed to explain them so cool in 30 seconds, good job you're awesome!

we can also have multi sig integration with the new wallet if there is enough support, so please make a pledge http://www.reddit.com/r/QuarkCoin/comments/29pigg/testing_testingnew_quark_wallet_gui_in_the_works/ciqzp3g

The Quark mobile Wallet went from Beta to Stable on Play Store. With the app is simply awesome and you can use it to pass Quarks within seconds. Wait for the ka-ching

This is the announcement on Youtube, feel free to upvote if you like it.

yea seems now we back there! nice!

we're in top 20, however since most QRK trades are done via Cryptsy, when their service is down they can't get the data and we appear 1st place in the "Low Volume" list. Whenever they can get the Cryptsy data we go back into #19. We should make some efforts for switching to an USD-QRK market like on QEX so we are not dependent on BTC price. If quark traders switch for QEX we'll have a more stable exchange rate.

we are not on coinmarketcap ? what happend? any ideas?

This should be retweeted and promoted hardly in different ways too. It has lot of marketing potential.

Great !

So Hash E is a C++ and Java coder?