It is massive, kind of.
250million is actually nothing, the US government prints that much in QE in just over 2 hours!
If Quark is to take off in any way, then $1 is nothing. At the moment it seems a lot, but with China pumping in money everwhere, it actually isn't much at all.
Don't forget, litecoin doesn't need to stay at it's market cap either, we are 50% of what litecoin was 2 weeks ago, but actually we are only 6% the size of litecoin... the goal posts are moving! We could be $5 a quark and still the number 5 coin in a few months...
EDIT and in reply to the aptly named noob, Quark wasn't premined at all.
The amount of U.S. dollars being printed is only a small tiny fraction compared to the total amount of money supply. That value was built up over many decades.
On the contrary, quark has risen in 6 months with 98% mined. A fascinating story, but has many caveats on whether value can be retained or whether the price will approach zero due to large number of coins that could be sold at any moment when buying support disappears. It might not happen for a month, but when it does, it will tank faster than any of the other currencies.
When those speculating don't see returns due to older holders selling more and more coins into the market. Finally the speculators will sell and this will reveal the true value.
Well at least I'm hoping it won't collapse within a month, otherwise I would have sold or be in the processing of selling now. ^_^
