Topic: [ANN] [QRK] Quark | Core 0.10 upgrade - page 150. (Read 1031025 times)

https://bitcointalksearch.org/topic/quark-investors-quark-information-on-cycles-and-the-push-to-move-towards-pos-627038

give feedback on the topic please-  Regards.

As long as Quark remains Quark when you use it, this would be the best solution and it would make the combination of Bitcoin/Quark tough to beat... Bitcoin is the original innovator with the brand recognition and Quark is the new blood that actually makes Point of Sale transactions practical, quick and secure... This could change everything, if it can be done...  

Regarding merge mining with Bitcoin

Just want to add that I think no.2 is a great initiative. I have been multipool mining on hashco.ws and paying out in Quark but would prefer to support the network as well. The thing I like about the hashco.ws pool is the ability to keep certain coins, for example, I set it so I get payouts for Potcoin, Isracoin, Auroracoin and Dogecoin, while everything else is converted to Quark. So a multipool that gives me coin control AND donates mining power to the Quark network would be only pool I would ever need.

Regarding merge mining, it only makes sense to me if Quark becomes more established and another coin launches that merge mines with Quark. I thought coins could only be merge mined if they share the same algo? It would of made both Dogecoin and Litecoin stronger if they merged but evidently they didn't want to take the risk and now it looks a little uncertain for both. There doesn't appear to be a natural fit for Quark to merge with except maybe for Bitcoin (because Quark covers the biggest weakness of Bitcoin as far as I'm concerned, and this would be big news) or maybe Zetacoin (another quick confirming, fast mined coin) but again these are two SHA-256 coins and I don't know enough about the technical aspects of this.

This is cross-posted from reddit:
http://www.reddit.com/r/QuarkCoin/comments/26lj2g/hashrate_non_pos_supporting_measures/

Guys, I appreciate the discussion and voting on POS, but do realize that this is not the only way to do things, it does come with its own set of issues, and it is NOT a trivial undertaking. I have multiple times posted the list below with the intention of sparking discussion on alternative measures to implement to ensure blockchain security. Please join me in discussing these and other alternatives that you can think of as well.

1. Jackpot related mining rewards - if we can get the Grotto Lotto jackpots raised then we can produce mining incentive by paying people indirectly through grotto lotto. This is a stop gap solution until our valuation is high enough.
Proposed Goal - 20K starting point for jackpots each month going forward. We need help funding this.

2. Mining software that allows easy access to GPU mining on multipools that pay out in Quark and that also donate 10-20% of mining power to the Quark network. There is a practical means of implementation of this - I may have found someone to code this for us now.
We have a community member now actively looking at doing this for us

3. ? Merge mined coin. Lots of issues including constant dumping, the fact that its value is tied to investment,which would be hard to obtain if all it is is a mining token for Quark.
I don't think this option is likely viable currently but would appreciate suggestions on implementation

Vic

Been a long term holder of Quark and I commend the community for all the fantastic accomplishments and projects. In the past, Quark's pricing has been tied to BTC as a lot of other alts. Currently, even with the rise in BTC, Quark continues to remain stagnant or fall in price. I am not a miner, but I assume the profitability to mine is not there and the increase in price is affected by that. Quark is attempting to get main stream consumers / investors, but it seems to be a larger path and technology is continuing to change and evolve. Can anyone shed some light on this?

Thanks as always,
YC

this

i suggest fund set up held by escrow, investors in this project get the fee's from the exchange. Run by the qrk foundation.

The POS part i am not sure if it is even possible with qrk algo?

Also we need to think up other features/services we need for the coin, get a pot of QRK set up for it. Then again investors get % of service charges.

I would say we need to raise 100K qrk at least. How much you put in determines the % you get back.

We need more marketing too.

Right now the main problem for Quark is completely hoppible situation in mining. Pool coinmine.pl generate from 60% to 70% of blocks and we have roughly 500 i7-class CPUs hashing ATM. So, we could experience a 51% attack virtually at any moment. And even assuming pool operator completely honest it’s very easy for someone to DDOS the location of major hashrate and attack Quark with no more than half a thousand CPUs. It’s a small botnet or a not very large corporate network -- e.g. Microsoft has 1200 000 server nodes, Google -- 800 000. The reason for such a pathetic situation is generally the initial coin distribution model, which generate very few Quarks, not enough to feed profit-seeking commercial miners. Just an other side of one of the greatest advantage of Quark.

Considering this we can conclude that right now Quark is unsecure at all and it would be highly unreasonable to use it for large transactions.

To fight this we of course could use new pools, donation mining, but these are half-measures. We can’t gather more computing power than a large corporate network on a donation basis.

The problem is fundamental and will stay long-term, so the solution must be fundamental. I think the only viable option is Proof-of-Stake (PoS), the form of mining when a probability of block generation increases dramatically with increase of coins in the wallet of miner. TO day this technology has already proven itself with a several years of operating in probably a hundred of coins. I know no serious issues reported or acknowledged security concerns.

Moreover, PoS is viable economically, as it reward long-term coin supportes and provide income on capital. Also PoS stimulate people to maintain full nodes which favorably affects network integrity and security.

Still, PoS is not ideal because it give a significant share of block and coin generation to coin bags with large wallets. But it could be adjusted to reduce such factor. For example the network could provide even tiny amount of coins generated this way and the process will be still continuing since the costs is almost zero. Or amount of PoS generated coins and/or probability of block finding may be depend nonlinear from wallet. Anyway we could find some intelligent and economically justified solution.

I believe the community must reach a consensus on this matter. We can’t build a succesful coin without an appropriate security basis. And we need to prove the world that we are able to handle such security problems.

As of now Quark gets more secure if more people mine, but there is almost nothing to mine with a 1 quark reward. It has a fundamental flaw. Quarks developer made a mistake to fasten the block halving to 1 per block in 6 months. Thats when the majority of the supporters left. Would those 6 months be 50-100 years then quark would have been top 3 in market cap.

You may not agree, but would be better if you would gave a suggestion also.

As long as it can bring us income, characteristic becomes less important!

Yes.
Only more attention and advertising   will make it rapid price rises!
 

Quark needs:

- Anonimity, like darkcoin
- PoS
- Create its own exchange and pays interest. See in this exchange the intelligent relation between sharecoin and feeshare: https://sharexcoin.com/interests/about I think this system could rise quark prices again. Please, comment.

I've had contact with them for the last several weeks, and this sort of setup is on its way for several more coins within the next couple of weeks.

Vic

Give me any single reason why PoS is good, and I'll prove it's wrong.

yes that is how the exchange should work i think.

However this is whales dumping the price down i see one person unloaded 250k today all in a few mins and mostly just on cryptsy.

We also could do with qrk being on mintpal.

Quark-centric should be:
-buy QRK with USD
-buy other coins using QRK


otherwise nothing new.

Price falls lower and lower.

It just needs to go pos

quark needs more attention and advertising 

Looks great, will sign up

Well guys, as an aside to the anonymity discussion here, I wanted to let everyone know that the new Quark - centric exchange, QEX is now online. I've been beta testing it over the last week, and the team has worked very hard to get everything finished up!

Check it out here:

https://qex.la/

http://www.qrk.cc/press/

Ignoring all the militia wannabes, go-directly-to-jail pervos and Silk Road babies -- that topic has been discussed to hell and back -- the primary issue concerning "anonymity" in cryptocurrencies is not that a transaction leads to a person's offline identity, but that it can potentially be traced back to that person's full stash of coins. It's one thing to have $10K in your pocket while walking down an empty street, but it's a different matter altogether when everyone in the world knows that you do.