The community is large, and the coin is established... however it is fragmented.
We need more combined efforts. QRK is a great coin. Is the dev familiar with POS and is it really required or not?
We need more combined efforts. QRK is a great coin. Is the dev familiar with POS and is it really required or not?
Some people on reddit talked about this:
" My naive impression is that these are achieve opposite goals: PoS causes people to horde coins even more, since those holding them get rewarded for not spending them, whereas demurrage would punish people for not spending their coins.
Right now I don't think demurrage would help anything, the recent prolonged downtrend should cause big holders to decrease their holdings.
PoS would also be a bad idea, in my opinion, since the coin was released with the implicit agreement that there would be only .5% annual interest beyond the initial mining phase. Increasing this percentage, or switching to 0% mining reward and .5% annual PoS would most likely make a lot of people unhappy."
" Definitely in favor of this.
Although, I would prefer if we could have PoS instead of PoW combined with it. Instead of rewarding miners, if we reward everyone who is staking, it would still secure the network but be more appealing to a wider base of people (anyone with a computer)."
" No distribution problem as Quark is done distributing. Current coins would earn stake in this hypothetical.
Demurrage will destroy coins and under Freicoin, the coins destroyed are replaced through POW mining to roughly fix the supply.
" For my preferred coin, demurrage which punishes you for not spending, in combination with staking which benefits those for holding (and secures the network) would be great. The reason why I think it would be great for Quark is that it would hurt the big inactive wallets on two fronts. 1) the demurrage for not spending and 2) they probably aren't leaving their wallets open and won't receive staked coins."
The 3rd quote seems like a good idea what do you think? I will pm Max on this.
I certainly don't think demurrage is a good plan. People just mentally don't like the idea of their investement decreasing. However a lot of people are claiming pos would help secure the network more than just POW now mining has dwindled due to the bulk of the minting is over.
Reddit folks should come on here. QRK is very active in other places but really new people to crytpo are here.
.
