[ANN] [QRK] Quark | Core 0.10 upgrade - page 342.

porcupine87

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hm

Quote from: dE_logics on November 30, 2013, 11:35:59 PM

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I am trying to understand the description of quark. I particularly unsure about how many coins is really available. From this statement "Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)", what does it mean? What does the abbreviation "p.a. inflation" mean?

per annum

Thanks, so let me understand this. After the first 6 months there are a total of 247million quarks, 1 year after that, there will be 248million total, or 247 + 248 = 495millions total? my guess is 248millions, but I am not clear about the language.

247+1 = 248 Million

thanks

Doesn't that seem like a HUGGGE mistake for Quarkcoin? The few people that came on board to tinker with it at the start will literally already have about 99% of the coins that will be mined for years to come. How many miners of Quarkcoin are there?

The developer of Quarkcoin wasn't Satoshi - that's for sure.

Satoshi was not a trustable guy. He premined millions of Bitcoins, Quark devs didn't mine any.

This's not a mistake. This's an advantage.

It's designed to be a true cryptocurrency -- no mining @ speed of light; only the existing is circulated.

Almost all coins have already been mined. Most miners sold it cheap, so that helped with fair distribution.

what is with securing the network?

cryptohunter

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possible whispers are pos being added, who knows if true...

also on shoutbox a few were saying max was doing a piece on quark on the 12th.

I see he already tipped it as the 3rd crypto after btc and ltc on his twitter.

Lauda

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Terminated.

Any upcoming features?

coinerer

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Vave.com - Crypto Casino

Do you buy or do you sell Quark?

cryptohunter

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Quote from: Netnox on December 03, 2013, 10:01:16 AM

Quote from: cryptohunter on December 03, 2013, 09:48:09 AM

Quote from: Netnox on December 03, 2013, 09:36:09 AM

Quote from: EntropyExtropy on December 03, 2013, 09:04:32 AM

To clarify on the 'fork' issue. Those of us considering developing a quark-based coin are still discussing whether or not to keep the existing blockchain. If we do, the existing public ledger will be adopted at the time of the release of the first Quark-derivitive release, and any transactions/account balances from that point backwards will be adopted into the new coin, meaning that individuals with a stake in Quark won't lose their efforts.

I've been advocating using an engineered 'exodus block' that will effectively execute a reverse stock split between the old block and the new block at some ratio (which I believe should be 10:1); meaning that the circulation of Quark would be reduced to 25.7 million. A mining schedule could then be effected that produced the same benefits of Quark (high-circulation, high-fungibility, low incentive to hoard), but made it much more fair to those only getting involved now.

The 'pre-mining' issue, though it was never an actual pre-mine, is the reason for the backlash against Quark. I believe it can be, and needs to be, fixed otherwise Quark is likely to fade into obscurity.

So any progress or opinions from the devs on this matter? I'm a trader so don't know much about it.

there is no backlash against quark it will continue to rise wait and see. it will never happen that is the progress, 50% of the coins released have a rapidly shrinking block reward. Quark is here to stay, it is now a purely speculative commodity/ useful currency so for mining get looking to other coins.

Shall we recode infinite coin, tix, and all other coins that have block reward halving?? when they start to shoot up in value?? millions of people will poor into crypto, so all coins will rise in value over the long term. If you want qrk now, get buying mining is still profitable but buying is better. You could buy at 37 last week , millions were dumped at that value, this is why max and bill are saying it already has a very wide base. Mining means nothing in terms of distribution because in proportion most dont mine.

Big changes to any coin after release is a very bad idea. If pos were added that could be a positive thing but again only if really essential.

qrk was a special coin that was way way undervalued for months and now it will reach its fair price and hold. I wish i did not sell out early but still made a bit and if you make something whilst supporting crypto currency that is the way to go.

You indeed have a point here. I bought at 19 hopefully it will rise to $1+

Of that there is no doubt, when max and bill are taking about it in the media, you only need a small proportion of people to come in and buy some. There are not billions of these coins to go around you know, even the coins with billions upon billions are sky rocketing in value. QRK was undervalued massively for months upon months howver this actually was good for the coin because everyone had a chance to get some and a few did. I hope it smacks back to about 8 cents for even wider distribution because it will be all the better for the coin, but long term it is head to new highs.

What you are seeing in all coins right now is some profit taking from early adopters, they cant believe they mined 20k worth of a coin in a few days or weeks, however once they have all dumped their load then it is only going up. Even now though with the dumping most coins are in the green every day, most days their value is increasing even with the dumping phase. When that is over that will be the end of cheap coins.

NUFCrichard

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Quote from: EntropyExtropy on December 03, 2013, 09:43:07 AM

Attempts to talk to the 'dev' have been... unfruitful.

Because you are suggesting that they completely change the concept of their coin!
Speak to someone about getting rid of the 21 million bitcoin limit...

professorY

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Quote from: EntropyExtropy on December 03, 2013, 09:04:32 AM

I've been advocating using an engineered 'exodus block' that will effectively execute a reverse stock split between the old block and the new block at some ratio (which I believe should be 10:1); meaning that the circulation of Quark would be reduced to 25.7 million.

If that happened, wouldn't that then by definition make everyone's current QRK holdings 10x more valuable (as in 10x more of the total available coins)??

If not, then the only alternative is that everyone's QRK is split by a factor of 10, which no one will ever go for.

Am I missing your point here?

Netnox

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Quote from: cryptohunter on December 03, 2013, 09:48:09 AM

Quote from: Netnox on December 03, 2013, 09:36:09 AM

Quote from: EntropyExtropy on December 03, 2013, 09:04:32 AM

To clarify on the 'fork' issue. Those of us considering developing a quark-based coin are still discussing whether or not to keep the existing blockchain. If we do, the existing public ledger will be adopted at the time of the release of the first Quark-derivitive release, and any transactions/account balances from that point backwards will be adopted into the new coin, meaning that individuals with a stake in Quark won't lose their efforts.

I've been advocating using an engineered 'exodus block' that will effectively execute a reverse stock split between the old block and the new block at some ratio (which I believe should be 10:1); meaning that the circulation of Quark would be reduced to 25.7 million. A mining schedule could then be effected that produced the same benefits of Quark (high-circulation, high-fungibility, low incentive to hoard), but made it much more fair to those only getting involved now.

The 'pre-mining' issue, though it was never an actual pre-mine, is the reason for the backlash against Quark. I believe it can be, and needs to be, fixed otherwise Quark is likely to fade into obscurity.

So any progress or opinions from the devs on this matter? I'm a trader so don't know much about it.

there is no backlash against quark it will continue to rise wait and see. it will never happen that is the progress, 50% of the coins released have a rapidly shrinking block reward. Quark is here to stay, it is now a purely speculative commodity/ useful currency so for mining get looking to other coins.

Shall we recode infinite coin, tix, and all other coins that have block reward halving?? when they start to shoot up in value?? millions of people will poor into crypto, so all coins will rise in value over the long term. If you want qrk now, get buying mining is still profitable but buying is better. You could buy at 37 last week , millions were dumped at that value, this is why max and bill are saying it already has a very wide base. Mining means nothing in terms of distribution because in proportion most dont mine.

Big changes to any coin after release is a very bad idea. If pos were added that could be a positive thing but again only if really essential.

qrk was a special coin that was way way undervalued for months and now it will reach its fair price and hold. I wish i did not sell out early but still made a bit and if you make something whilst supporting crypto currency that is the way to go.

You indeed have a point here. I bought at 19 hopefully it will rise to $1+

cryptohunter

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Quote from: Netnox on December 03, 2013, 09:36:09 AM

Quote from: EntropyExtropy on December 03, 2013, 09:04:32 AM

To clarify on the 'fork' issue. Those of us considering developing a quark-based coin are still discussing whether or not to keep the existing blockchain. If we do, the existing public ledger will be adopted at the time of the release of the first Quark-derivitive release, and any transactions/account balances from that point backwards will be adopted into the new coin, meaning that individuals with a stake in Quark won't lose their efforts.

I've been advocating using an engineered 'exodus block' that will effectively execute a reverse stock split between the old block and the new block at some ratio (which I believe should be 10:1); meaning that the circulation of Quark would be reduced to 25.7 million. A mining schedule could then be effected that produced the same benefits of Quark (high-circulation, high-fungibility, low incentive to hoard), but made it much more fair to those only getting involved now.

The 'pre-mining' issue, though it was never an actual pre-mine, is the reason for the backlash against Quark. I believe it can be, and needs to be, fixed otherwise Quark is likely to fade into obscurity.

So any progress or opinions from the devs on this matter? I'm a trader so don't know much about it.

there is no backlash against quark it will continue to rise wait and see. it will never happen that is the progress, 50% of the coins released have a rapidly shrinking block reward. Quark is here to stay, it is now a purely speculative commodity/ useful currency so for mining get looking to other coins.

Shall we recode infinite coin, tix, and all other coins that have block reward halving?? when they start to shoot up in value?? millions of people will poor into crypto, so all coins will rise in value over the long term. If you want qrk now, get buying mining is still profitable but buying is better. You could buy at 37 last week , millions were dumped at that value, this is why max and bill are saying it already has a very wide base. Mining means nothing in terms of distribution because in proportion most dont mine.

Big changes to any coin after release is a very bad idea. If pos were added that could be a positive thing but again only if really essential.

qrk was a special coin that was way way undervalued for months and now it will reach its fair price and hold. I wish i did not sell out early but still made a bit and if you make something whilst supporting crypto currency that is the way to go.

EntropyExtropy

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Attempts to talk to the 'dev' have been... unfruitful.

Netnox

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Quote from: EntropyExtropy on December 03, 2013, 09:04:32 AM

To clarify on the 'fork' issue. Those of us considering developing a quark-based coin are still discussing whether or not to keep the existing blockchain. If we do, the existing public ledger will be adopted at the time of the release of the first Quark-derivitive release, and any transactions/account balances from that point backwards will be adopted into the new coin, meaning that individuals with a stake in Quark won't lose their efforts.

I've been advocating using an engineered 'exodus block' that will effectively execute a reverse stock split between the old block and the new block at some ratio (which I believe should be 10:1); meaning that the circulation of Quark would be reduced to 25.7 million. A mining schedule could then be effected that produced the same benefits of Quark (high-circulation, high-fungibility, low incentive to hoard), but made it much more fair to those only getting involved now.

The 'pre-mining' issue, though it was never an actual pre-mine, is the reason for the backlash against Quark. I believe it can be, and needs to be, fixed otherwise Quark is likely to fade into obscurity.

So any progress or opinions from the devs on this matter? I'm a trader so don't know much about it.

zvs

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LoL @ the Value: 32000.000000000004 QRK

how bizarre.

zvs

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Quote from: Netnox on December 03, 2013, 08:40:11 AM

Quote from: NUFCrichard on December 03, 2013, 08:18:10 AM

if this fork happened, it wouldn't be quark anymore. You are arguing against the whole concept of quark, it won't happen.

Quark has serious drawback in mining issue. This has to be solved imho. If solved it will make huge gains

lol, the 'mining issue' is one of the main 'points' of the coin.. if you solve the 'mining issue' then it isn't quark anymore... i mean, seriously?

and it sure wasn't premined, I was there with the 2048 size blocks too

EntropyExtropy

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To clarify on the 'fork' issue. Those of us considering developing a quark-based coin are still discussing whether or not to keep the existing blockchain. If we do, the existing public ledger will be adopted at the time of the release of the first Quark-derivitive release, and any transactions/account balances from that point backwards will be adopted into the new coin, meaning that individuals with a stake in Quark won't lose their efforts.

I've been advocating using an engineered 'exodus block' that will effectively execute a reverse stock split between the old block and the new block at some ratio (which I believe should be 10:1); meaning that the circulation of Quark would be reduced to 25.7 million. A mining schedule could then be effected that produced the same benefits of Quark (high-circulation, high-fungibility, low incentive to hoard), but made it much more fair to those only getting involved now.

The 'pre-mining' issue, though it was never an actual pre-mine, is the reason for the backlash against Quark. I believe it can be, and needs to be, fixed otherwise Quark is likely to fade into obscurity.

pabloangello

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Quote from: Netnox on December 03, 2013, 08:58:51 AM

Quote from: RenegadeMind on December 03, 2013, 08:47:23 AM

Isn't the "OMG all the coins are mined" issue already solved by Securecoin? Why not just use that? (If you can get the client to work... doesn't seem to want to connect for me... But neither does the Quarkcoin client either...)

Marketings wise Quark is far ahead of Securecoin. It only has to solve the mining issue imo

I don't mine quarks so I dont know what is going on with that lately. Could you explain me what is going on with that case last days?

Netnox

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Quote from: RenegadeMind on December 03, 2013, 08:47:23 AM

Isn't the "OMG all the coins are mined" issue already solved by Securecoin? Why not just use that? (If you can get the client to work... doesn't seem to want to connect for me... But neither does the Quarkcoin client either...)

Marketings wise Quark is far ahead of Securecoin. It only has to solve the mining issue imo

RenegadeMind

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Isn't the "OMG all the coins are mined" issue already solved by Securecoin? Why not just use that? (If you can get the client to work... doesn't seem to want to connect for me... But neither does the Quarkcoin client either...)

Netnox

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Quote from: NUFCrichard on December 03, 2013, 08:18:10 AM

if this fork happened, it wouldn't be quark anymore. You are arguing against the whole concept of quark, it won't happen.

Quark has serious drawback in mining issue. This has to be solved imho. If solved it will make huge gains

pabloangello

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Quote from: everythingis19 on December 03, 2013, 08:16:12 AM

Not sure of the technicalities of this "forking"
So long as I don't lose any of the QRK I purchased already a week ago?

They are just considering creating new coin based on quark. Quark will be still there :p

NUFCrichard

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if this fork happened, it wouldn't be quark anymore. You are arguing against the whole concept of quark, it won't happen.

Topic: [ANN] [QRK] Quark | Core 0.10 upgrade - page 342. (Read 1031025 times)