Topic: [ANN] [QRK] Quark | Core 0.10 upgrade - page 87. (Read 1031025 times)

Traders generally lose money (around 99% of them). I had a whole career in the financial industry, and saw it from the inside.

In a secular rising market (like altcoins) it is easy for a trader to believe they have the right skills.

I don't necessarily buy 'cheap', but am more interested in truly novel ideas....eg Lottoshares (slow burn distribution to 1m people), Monero (Cryptonote ring signatures), Supercoin (trustless anon sending with feeshare), Librex (Android PoS)  etc.. Also, I try to get involved with the infrastructure and daily effort (that often means writing and promotion): the interraction helps with
understanding the quality of the community and dev.

Really looking for something that catches on bigtime (ie invest 5BTC for 100BTC return: a market cap can go x20 from any level at all, really). Needs a decent dev team and promotion as well,but I find that is mostly priced-in already. Accepting mostly total losses is just the price paid for that strategy.

what were your real investments in Quark? how many services/products you bought/sold/got involved with Quark ?

OR you only bought QRK as a currency and you hoped it was going to appreciate in value? then you sold at a loss? you tried to be a trader and failed, thats what you're complaining about ?

i lost a lot of money in QRK    

Getting a massive response to "How I'm promoting a "Central Authority" and "Global ID" system to Bitcoin investors as their best alternative."

http://www.reddit.com/r/Bitcoin/comments/2eoosh/if_you_care_about_your_investment_read_why_a/


posted it on Twitter and to key peers in the Bitcoin community - :

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Cornell researchers detail why I'm correct about the Global ID and Central Auth
https://bitcointalksearch.org/topic/cornell-researchers-detail-why-im-correct-about-the-global-id-and-central-auth-758195


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First read this if you care about Bitcoin


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http://hackingdistributed.com/2014/06/16/how-a-mining-monopoly-can-attack-bitcoin/

How A Mining Monopoly Can Attack Bitcoin

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Now see the only solution:

https://bitcointalksearch.org/topic/the-free-market-has-failed-bitcoin-needs-a-central-authority-and-global-id-757027

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now if you care about your investment read this below

Sure you can try to patch the code blah blah , but how will it be achieved? 

it can't be, you would have to hard-fork Bitcoin and start again upon which its basically an Alternative fork currency in which case a move to multi PoW and other innovations would be make sense like the mini blockchain etc. 

ok that could be done, upon which what is going to happen?

- The free market will take over
- The price will collapse to its base money

if you are an investor holding BTC right now do you want that?

what is far more profitable?

the solution I provide is the only answer its actually the only chance to try to maintain monopoly.

you need to understand my mind works in game theory, you have a much better chance to convince a malleable uneducated public that a central authority is needed; hold onto monopoly and keep the valuation impressively high; because the alternative is where you are.

The Gobal ID can be called a "trust verification system" to ensure no monopolists can double spend or take these actions listed in the Cornell analysis.

I initially had the same theory last year, and had at one point bought about 2-3% of most of the 3 dozen alts on Cryptsy but sold them all and bought only IXC.  It was still a good move but I would have made way more short term on MEC and especially Quark.

It's not too late but like you said, it's much harder now given there's hundreds of alts.

Thanks for the explanation - I'm gonna try to buy a little quark and also a few dozen other way oversold alts which right now are ridiculously cheap, many at 1/100th of 1 penny ($.0001).  That's just too good to pass up.

Cheers!

*still is*, you only have to look few pages behind to see he's currently working on upgrading Quark to a new version. What devs you know nowdays who accept to work for free ? Even the main bitcoin devs are paid by the foundation, new coins are launched everyday with paid devs, how many will survive ? how many are fully decentralized like Quark? Its hard to find someone as dedicated as Max to work for free, so you could understand if he doesn't have all the time in the world to work solely on Quark and probably needs to make a living out of his real life job so I wouldn't put it even remotely that he `keeps his head below the parapet`.

The Max confusion is understandable, because Max Keiser was involved in Nov/Dec, only because Bill Still had a spot on his show, and QRK was mentioned a few times.

In August 2013, I had even more QRK (at that time I had a habit of acquiring a few % stake in all the new coins I fancied, there are of course too many to do that now) but I too sold most of it. I guess Bill Still or his backers were buying up the QRK market at the beginning of November.

You will realise that a lot of the long-time bitterness and trolling etc stemmed from the holders who sold out at tiny prices. This is the sort of thing that I have experienced in many altcoins, and I know you understand the history of some.

Max Guevarra was the lead developer: I guess he tries to keep his head below the parapet nowadays.

Yeah that coin seems pretty good and stable when you take a look to other projects , I'm really new on crypto world but this is going to be one of the cryptos that I'm going to support .

Horseshit...Quark algo is one of the lowest wattage GPU mining options making it excellent for summer.

not in my experience.

what hardware are you running and what miner?

thanks for info. Well not exactly to change it but in promos/campaigns it reflects better `the elementary currency` like in elementary particles than the generic one `money reinvented`

; D now take the scams out.

let me just check....

yep we are top 10 simple - and just wait a few months.

quark algo is a bit hot in summer for miners

quark is still the top 15 coin

@ maok, well it was not exactly a poll on reddit. BuyQuark was busy with a banner: http://forum.qrk.cc/thread/1901/thunderclap-quark-feedback-social-media?page=2
and asked the community at reddit for advice (search "revolution" at reddit and see post of buyquark "Join the revolution [what do you think]")
The final banner which was used for the thunderclap was with the "money reinvented". This to keep it simple for people who would be exposed to the banner and had never heard of cryptocurrencies before.
Since then we used for all Quark promotions "money reinvented".

It is open for change, to make a fresh start ;-). I also rather see a slogan what reflects Quark and not cryptocurrencies in general.

@Majormax, thanks but like you say I don't see Money reinvented in those pool options. It was too early days perhaps..

@silvermetal, so things were decided on reddit where there is no voting power ?  Also how many options you had to choose from in terms of slogans ?

@Vlad2Vlad, yes Max Guevara, Quark creator and main dev.

@maok, I am not from the beginning. I bought my Quark since November 2013 (few weeks before the pump) and I became active since Januari 2014?
There were many different logos and slogans as far as I can remember. During the thunderclap we all agreed to one logo at reddit. I will look it up for you after my work.

Who is this Max you guys keep talking about?  At first I thought you were talking about Max Keiser.  lol.

And what is his function?  By the sounds of it he is the lead dev, is this correct?

Sorry, there's a lot of confusion on this thread right now.  Like I said, I used to have 2 million Quark but sold it all at 200 Satoshi and now I have less than 20,000 Quarks.  

Thank you!

There was no tagline in the first months...Later there was a poll on the forum : we set up the forum in November 2013... I favored 'Money built by the people', here is the link to the poll. December 2013. I don't recall a formal adoption of Money Reinvented.
http://forum.qrk.cc/thread/702/poll-quark-slogan?page=2