Topic: [ANN] [QRK] Quark | Core 0.10 upgrade - page 155. (Read 1031025 times)

I don't see Bitcoin taking off unless there is a consensus on what it actually does. Everyday articles talk about bitcoin as a revolutionary idea, an amazing investment, a payment system, and on and on it goes. But sometimes when you mention it to someone, the first thing they'll think of is Mt Gox or some other scandal. Because of this baggage, and some other shortcomings (like transaction speed) Bitcoin has to find it's niche like every other coin out there, or it will collapse. There are plenty of people that won't ever want to use Bitcoin, but another coin might appeal to them. Maybe finding that niche for Bitcoin means shoring up its investment status and paying for big ticket items like cars, real estate and so on.

But something like Quark is better for buying coffee, and small businesses shouldn't need big payment processor gateways to start using digital currencies. In short, if we don't start recognizing what needs different coins address then none of these things will take off. But as for Quark, I can just say I intuitively KNOW it will be big, and it will be everywhere. I don't know when, but I'm prepared to wait.

I kind of agree in part. QRK should have added POS a while ago to give more security to the blockchain. However i still like qrk and i really like the ideas from the qrk foundation. The coin tech is very important but the vision for the coins usage is also very important ... i think qrk has some good people at the core. I am not 100% sure but i hear the QRK algo is rather more asic resistant than many others.

Although asic is good for some reasons stated and also i think money spent on asics is money into crypto that will not leave so i like that idea. However you will always have the gpu owners that want to mine and want to have a fair go at a coin during it's pow phase.

The POW mining stage of qrk was also angelic compared to a lot of new coins.

I sold a lot of QRK in the 20k range out of need more than anything else. I have since bought a quite a bit back since i think it could be a good bet. To be fair a lot of the last wave have been crushed in price even the darlings are way down. I guess i'm more of a collector rather than investor. I could have been rich by now had i sold even half my coins at their peak or near peak. Perhaps there will be collectors for rare shitcoins in the future   i hope so.

I think all coins are waiting for the next big wave. Let's hope there is one.

If Bitcoin really takes off and is accepted mainstream (which it seems its going that way) than no doubt it could reach $10k. At 10k quark would be around $.40 at its current price. If quark keeps the momentum and discipline with it's projects i could see it breaking ath if Bitcoin starts to move up into the k's, which for quark its around 0.0003 giving it a value of $3 each (btc at $10k) with a market cap of around 750m while Bitcoins market cap would be 130B, so it's pretty realistic to me. Quark just needs to stay in the game.

Now quark will be implemented in ShaqFu which is a pretty big game in the making and will be available for consoles going live in 2015 which i'm personally looking forward too and a pretty convincing factor that quark will be around for a long while + bitcoins possible break out in 2015 makes me believe that the alts will boom even more.

You just posted in the Isracoin forum that no crypto-currencies will survive other than Bitcoin, 'except maybe Namecoin', and I'm a zealot?? I'm posting here because I own Quark and want to follow the progress of this coin, that's all.

But you just want to derail any productive conversation and start fights for no reason - I'm pressing ignore and I won't respond to your posts again, nothing can be gained from indulging 'your pleasure' with pointless arguments.

I am not an early adopter , I haven't quit my job and It's my pleasure to remind quark fanatics that their coin is 1/10 of the value they bought in December.

Also , unlike you zealots I had a bet with cryptohunter and I admitted in this board and pm'd him that I lost it and for the the 7 days trading time quark was a better choice than btc.

But , you're the type of blinkered commie zealot "who's not with us" is an enemy! Stone him to death!

Competition? If bitcoin needs trolls to protect it from qrk , then bitcoin deserves to die.

How nice of you to tell us all what you don't like. Constantly.

Let me guess, you were an early adopter of Bitcoin and did well enough to quit your job, and now, you spending your time 'protecting your investment' by trolling messageboards and posting FUD about the competition. How sad.

I'm well aware that double spend attacks are not the only attacks that can be executed with a 51% attack. The point is that we are relatively secured against that particular one. I started off the post saying that I recognize that it is not a substitute - ie. I'm aware there are other problems. We are looking into a variety of options to combat this, and frankly this is still very early in the game. Additionally, the point stands - we are not the only coin that could be attacked, especially with the advent of scrypt asics.

I'm not going to argue with someone that admits to being closed minded on alternative distribution patterns and different hashing algorithms. Not everything has to be a carbon copy of bitcoin.

I was a critic of quark long before you made your account;).
I didn't like the distribution curve nor it's so called cpu friendly algorithm.

Right now ,I couldn't care less about the premine if it was any or it's projects or future
It just shows me how weak a coin with practical no rewards and no transaction fees is

Do you have a clue how to use emoticons? Have a look at passive aggressive communication, and think about how you come across - unless you like being a psychopath that disrupts every thread you post in

Do you have a clue what a 51% or a 90 % attack can do?
Do a bit of research , you're getting the wrong idea .

Good read

While it is not a substitute for a strong network, Quark is protected by its checkpointing. Every 12 blocks, the blockchain is signed by the checkpoint - meaning that every 12 blocks, the blockchain becomes hard-coded. Therefore, if a person wanted to double spend, all the accepting party would have to do to prevent that from occurring and seeing that they in fact did not send payment and are trying to commit fraud is to wait for 6 minutes or 12 blocks, at which time they would see that the transaction that they are accepting in fact has been removed from the blockchain. At that time the accepting party would simply have to not send the purchased material since there was non-payment.

The Foundation would not allow a "10 y/o with $1000" to successfully attack the network - we have a lot more devoted resources than that. Many other coins could be attacked by someone with enough means - that is not isolated to Quark. Theoretically one of the ASIC manufacturers for sha256 or scrypt could simply run a large proportion of their production line of ASICs themselves and play the same sort of havoc you're describing. The whole system is based on some element of trust - which will be reduced as the whole landscape evolves. Quark is less than 1 year old - we are at the start of our life-cycle, not the end.

Vic

You are trying too hard, quark just starts to get used in consoles in 2015, if anything it's more alive than ever, you are just a darkcoin shill trying to badmouth another coin to get them to dark, now that is backfiring. Also i would like to see an asic for quark if there is one not like i'm against it, i don't even mine

Nothing is preventing Quark from that kind of attack, hence the reason why it is dying/dead. This coin's only purpose was to be ASIC resistant, and that is backfiring on it, hard.

Wasn't quark's prime in december 2013 already? Seems to follow the trend of every other altcoin, first slow and steady for a while, then astronomical growth, then dumps and slow decline no matter how hard the devs or community works.

Yes they do .
Those asic farms make sure no 10 yo with 1000$ on this father cc can buy a botnet and play with the chain as he wants .
So , what is protecting quark against this kind of attack?

What a joke. The message of Quark is simple - fast and secure for everyday transactions, this is its strength and it's an easy sell. For all the press about Bitcoin everyone skates around the issue that it is too slow for point of sale transactions. As for ASIC's, it is another rat race with no benefit for people using the currency, and it makes the whole crypto community look stupid and wasteful from the outside. Do the ASIC farms mining Bitcoin make the network perform faster, or more securely? No, they don't.

Dude darkcoin is a quark copy dafuq you talking about, it has the 5 hashing fuctions of qubitcoin and the 6 of quark and added them together. Quark made multiple hashing big, without it darks x11 wouldn't even exist. qrk adds 3 more rounds of hashing randomly: so the computer doesn't know whether it will be lets say Keccak or Grøstl or Blake, but with x11 the computer remains certain about which hashing function will be used.

Also since its block generation is 30 seconds, which means that qrk's algorithm with an element of randomness (unpredictability) will have to be cracked in 30 seconds to create a double-spend fork, and for dark the time window is 150 seconds. Atleast quark has done something even Bitcoin hasn't done yet http://www.coindesk.com/all-things-alt-quarks-shaq-cess-blackcoins-pr-pivot-and-dogecoins-victory-lap/ and http://www.reddit.com/r/gaming/comments/24jnci/shaq_fu_a_legend_reborn_picture_of_the_first/.

dark added anonymity wow other coins can add it too, but i'm not sure if it will pay off if it wants to go mainstream.

Dogecoin doesn't have anything to offer does it? It doesn't even need it because the default Bitcoin feature is already an innovation, it's all pr and marketing from here. Stop making a fool out of yourself ranting on other coins, you are making a bad name on dark community.

No...I survery all coins equally, there is no bias.

Quark truly has Nothing to offer...I'm being 100% true and up front with this. It's extremely low price and huge sell orders, and huge lack of buy orders show that....ASIC's are healthy for a coin after a while.
Quark can/will never get far, Because it lacks the ability to be used by ASIC's.

Also, as the difficulty in Quark progresses, it will/already is extremely unprofitable to mine it..