Topic: CLOSED..... - page 37. (Read 123130 times)

Quote from: derrend on May 28, 2014, 08:27:41 AM

Regarding PoS...I'm not a fan of it

Jonesd said something similar...

Just out of interest Jonesd and Obfuscode, in your professional opinions Wink

what feature would you suggest for the coin at this stage?

We're basically looking for a way to have the network continue to support transactions once all coins are mined. POS is a way to do this, but it stimulates people to not spend their coins.

Proof of Take (POT)
I personally was thinking of doing the opposite of POS, where coins deteriorate over time if they are stored and not used. Part of the stored unused coins will be redistributed over the miners in this case. When a wallet has been offline for a long time and comes online again it can be punished with a certain deterioration of funds (1% / week up to maximum of 10% or something). In this scenario, people can also prevent deterioration by synching the wallet at least once a week.

This has the following benefits:
- Transactions can be free: This would make it possible to replace the fee on transactions with a fee on keeping the coins offline.
- Decrease only for not-contributing part: Active people are in the clear, but stored funds will decrease over time.
- No inflation: The coins get redistributed, but the total amount does not have to increase.

I would be more motivated to be part of the network in such a case!

Probably a lot of things to say against it, but idea is still in early stage.

I like thinking out of the box. However I do not like this idea. I think it would crash the price. I know I for one would dump all of my coins if this was implemented. Not using that as a threat just saying what I would do so I am guessing there will at least be a portion that does the same.

shursight

hero member

Activity: 728

Merit: 500

Quote from: derrend on May 28, 2014, 08:27:41 AM

I actually voted to keep quarkbar as it is for now.

Innovation in my opinion is the first priority in any space, especially in one as competitive as this.
If the above quoted statement had been posed to either Steve Jobs, Bill Gates or Mark Zuckerberg you would have you fired on the spot.

well its a good thing I dont work for apple or facebook then. Lol Grin

.

I am in marketing, at some point, quarkbar will need to be sold as a viable currency that people use to buy things. It is great to be an innovative coin, yes, but the whole point of a currency is finding a way to use it. I feel that is the next step needed.

Most people want money so they can spend it. In the end, quarkbar will be strong and valuable because people use it as money.

We have almost 70% of the coins mined. This is the perfect time to focus on turning it into money.

I am actually working on an idea that could raise global awareness about quarkbar and possibly gaine some mainsream media attention.

Plus I would be interested in hearing any ideas that anybody else has also. If anyone wants to PM me maybe we can exchange some ideas.

SaintFrantic

sr. member

Activity: 280

Merit: 250

I actually voted to keep quarkbar as it is for now.

Innovation in my opinion is the first priority in any space, especially in one as competitive as this.
If the above quoted statement had been posed to either Steve Jobs, Bill Gates or Mark Zuckerberg you would have you fired on the spot.

Can someone explain how is the POS actually working? It's quite random, isn't? Is it not better to have fixed interest rate?

derrend

hero member

Activity: 707

Merit: 505

Quote from: Obfuscode on May 28, 2014, 06:35:21 AM

I actually voted to keep quarkbar as it is for now.

Innovation in my opinion is the first priority in any space, especially in one as competitive as this.
If the above quoted statement had been posed to either Steve Jobs, Bill Gates or Mark Zuckerberg you would have you fired on the spot.

BitQuark

hero member

Activity: 716

Merit: 501

POT sounds good to me.

Also I'd be for adding GPU-resistant algorithms (I know, this is just a race condition where we as dev have to keep changing the algorithms as soon as somebody managed to code a GPU-miner for it...) because it will increase the investment made into the coin and thus raise it's value on the longterm.

I talked with JoesD about an idea that I had to make quark algo coins GPU-resistant. I want to see if it's possible to integrate something like N-factor into the quark algo. This way it would limit the amount of GPU hashing power on the coin.

SaintFrantic

sr. member

Activity: 280

Merit: 250

Quote from: Jonesd on May 28, 2014, 07:12:30 AM

Quote from: SaintFrantic on May 28, 2014, 06:44:00 AM

Quote from: Jonesd on May 28, 2014, 07:12:30 AM

Regarding PoS...I'm not a fan of it

Jonesd said something similar...

Just out of interest Jonesd and Obfuscode, in your professional opinions Wink

what feature would you suggest for the coin at this stage?

We're basically looking for a way to have the network continue to support transactions once all coins are mined. POS is a way to do this, but it stimulates people to not spend their coins.

Proof of Take (POT)
I personally was thinking of doing the opposite of POS, where coins deteriorate over time if they are stored and not used. Part of the stored unused coins will be redistributed over the miners in this case. When a wallet has been offline for a long time and comes online again it can be punished with a certain deterioration of funds (1% / week up to maximum of 10% or something). In this scenario, people can also prevent deterioration by synching the wallet at least once a week.

This has the following benefits:
- Transactions can be free: This would make it possible to replace the fee on transactions with a fee on keeping the coins offline.
- Decrease only for not-contributing part: Active people are in the clear, but stored funds will decrease over time.
- No inflation: The coins get redistributed, but the total amount does not have to increase.

I would be more motivated to be part of the network in such a case!

Probably a lot of things to say against it, but idea is still in early stage.

I personally don't agree with this. Why? First you need to be able to spend your coins on something and If you don't have that will crash the price down. Who really wants to put money in something and 5 days later to be loosing already. We need to think about something else even If its not POS. But destroy coin because I don't have what to buy with, waiting for price to rise or not wanting to spending them is not a good idea. I hope we could find some ways to invent something else.

I did vote for Something Experimental just to be noted!

I have no intend to destroy coins, but partly redistribute them if the wallet rarely gets synched. This enables us to have the benefit that POS offers without creating new coins.

We're into this as a community so I believe this will spur the need for innovation, because it's in all our benefit to use the coins as money.

I believe the value lies in the practical use. Not in just storing it somewhere.

I would have to agree with saintfrantic on this one. Although I agree we are in this as a community we need to make sure we stay a strong community and grow. What we need to be doing is figuring out a way to get global awareness and credibility. I actually voted to keep quarkbar as it is for now. It has very strong charactoristics and now has a super Dev team that can keep things running smooth. To an investor, the idea that if I invest in a coin and then open my wallet one day to find that some of my coins were taken, I would not be a very happy man and would probly get out of that market. Imagine if you opened your bitcoin wallet to find that you lost a bunch, just because you didn't sync your wallet.

Instead, We should start focusing on creating a good use for quarkbar. Turn it into a recognized useful currency.

Lets do something as a community to get people talking about quarkbar.

Quarkbar is a strong coin now. I think its community work that is going to make quarkbar stronger now.

Absolutely my point. We need some brainstorming.

shursight

hero member

Activity: 728

Merit: 500

Quote from: SaintFrantic on May 28, 2014, 06:44:00 AM

Quote from: derrend on May 28, 2014, 08:02:34 AM

Regarding PoS...I'm not a fan of it

Jonesd said something similar...

Just out of interest Jonesd and Obfuscode, in your professional opinions Wink

what feature would you suggest for the coin at this stage?

We're basically looking for a way to have the network continue to support transactions once all coins are mined. POS is a way to do this, but it stimulates people to not spend their coins.

Proof of Take (POT)
I personally was thinking of doing the opposite of POS, where coins deteriorate over time if they are stored and not used. Part of the stored unused coins will be redistributed over the miners in this case. When a wallet has been offline for a long time and comes online again it can be punished with a certain deterioration of funds (1% / week up to maximum of 10% or something). In this scenario, people can also prevent deterioration by synching the wallet at least once a week.

This has the following benefits:
- Transactions can be free: This would make it possible to replace the fee on transactions with a fee on keeping the coins offline.
- Decrease only for not-contributing part: Active people are in the clear, but stored funds will decrease over time.
- No inflation: The coins get redistributed, but the total amount does not have to increase.

I would be more motivated to be part of the network in such a case!

Probably a lot of things to say against it, but idea is still in early stage.

I personally don't agree with this. Why? First you need to be able to spend your coins on something and If you don't have that will crash the price down. Who really wants to put money in something and 5 days later to be loosing already. We need to think about something else even If its not POS. But destroy coin because I don't have what to buy with, waiting for price to rise or not wanting to spending them is not a good idea. I hope we could find some ways to invent something else.

I did vote for Something Experimental just to be noted!

I have no intend to destroy coins, but partly redistribute them if the wallet rarely gets synched. This enables us to have the benefit that POS offers without creating new coins.

We're into this as a community so I believe this will spur the need for innovation, because it's in all our benefit to use the coins as money.

I believe the value lies in the practical use. Not in just storing it somewhere.

I would have to agree with saintfrantic on this one. Although I agree we are in this as a community we need to make sure we stay a strong community and grow. What we need to be doing is figuring out a way to get global awareness and credibility. I actually voted to keep quarkbar as it is for now. It has very strong charactoristics and now has a super Dev team that can keep things running smooth. To an investor, the idea that if I invest in a coin and then open my wallet one day to find that some of my coins were taken, I would not be a very happy man and would probly get out of that market. Imagine if you opened your bitcoin wallet to find that you lost a bunch, just because you didn't sync your wallet.

Instead, We should start focusing on creating a good use for quarkbar. Turn it into a recognized useful currency.

Lets do something as a community to get people talking about quarkbar.

Quarkbar is a strong coin now. I think its community work that is going to make quarkbar stronger now.

Obfuscode

sr. member

Activity: 294

Merit: 250

I noticed that too, dropped a message to support on the qex homepage in the chat box.

Thanks mate!

SaintFrantic

sr. member

Activity: 280

Merit: 250

Quote from: Jonesd on May 28, 2014, 07:12:30 AM

Quote from: SaintFrantic on May 28, 2014, 06:44:00 AM

Quote from: Obfuscode on May 28, 2014, 07:53:02 AM

Regarding PoS...I'm not a fan of it

Jonesd said something similar...

Just out of interest Jonesd and Obfuscode, in your professional opinions Wink

what feature would you suggest for the coin at this stage?

We're basically looking for a way to have the network continue to support transactions once all coins are mined. POS is a way to do this, but it stimulates people to not spend their coins.

Proof of Take (POT)
I personally was thinking of doing the opposite of POS, where coins deteriorate over time if they are stored and not used. Part of the stored unused coins will be redistributed over the miners in this case. When a wallet has been offline for a long time and comes online again it can be punished with a certain deterioration of funds (1% / week up to maximum of 10% or something). In this scenario, people can also prevent deterioration by synching the wallet at least once a week.

This has the following benefits:
- Transactions can be free: This would make it possible to replace the fee on transactions with a fee on keeping the coins offline.
- Decrease only for not-contributing part: Active people are in the clear, but stored funds will decrease over time.
- No inflation: The coins get redistributed, but the total amount does not have to increase.

I would be more motivated to be part of the network in such a case!

Probably a lot of things to say against it, but idea is still in early stage.

I personally don't agree with this. Why? First you need to be able to spend your coins on something and If you don't have that will crash the price down. Who really wants to put money in something and 5 days later to be loosing already. We need to think about something else even If its not POS. But destroy coin because I don't have what to buy with, waiting for price to rise or not wanting to spending them is not a good idea. I hope we could find some ways to invent something else.

I did vote for Something Experimental just to be noted!

I have no intend to destroy coins, but partly redistribute them if the wallet rarely gets synched. This enables us to have the benefit that POS offers without creating new coins.

We're into this as a community so I believe this will spur the need for innovation, because it's in all our benefit to use the coins as money.

I believe the value lies in the practical use. Not in just storing it somewhere.

What will stop someone to create numerous wallet address and transfer from one to the other?

derrend

hero member

Activity: 707

Merit: 505

Wow their thread is terribly outdated!!!

I noticed that too, dropped a message to support on the qex homepage in the chat box.

Obfuscode

sr. member

Activity: 294

Merit: 250

Quote from: derrend on May 28, 2014, 07:20:26 AM

dont forget to vote for Quarkbar on Qex here,
it's only 1 vote per user and bitquark is winning at the moment with just 4 votes Sad

Some fella in our qex thread even commented for qb but didn't vote!

It's the button above the comment box that says 'like' Wink

'kvd', if you're reading this... get your ass back there! Grin

Wow their thread is terribly outdated!!!

Look at all that wrong info there... Nodes are wrong, Wallets are wrong, Pools are wrong, Explorer is wrong, Twitter is wrong...

Essentially everything but the name and logo is wrong :|

derrend

hero member

Activity: 707

Merit: 505

dont forget to vote for Quarkbar on Qex here,
it's only 1 vote per user and bitquark is winning at the moment with just 4 votes Sad

Some fella in our qex thread even commented for qb but didn't vote!

It's the button above the comment box that says 'like' Wink

'kvd', if you're reading this... get your ass back there! Grin

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: derrend on May 28, 2014, 06:38:49 AM

Quote from: Obfuscode on May 28, 2014, 06:35:21 AM

Also I'd be for adding GPU-resistant algorithms (I know, this is just a race condition where we as dev have to keep changing the algorithms as soon as somebody managed to code a GPU-miner for it...) because it will increase the investment made into the coin and thus raise it's value on the longterm.

+1

+1 as well:-)

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: SaintFrantic on May 28, 2014, 06:44:00 AM

Regarding PoS...I'm not a fan of it

Jonesd said something similar...

Just out of interest Jonesd and Obfuscode, in your professional opinions Wink

what feature would you suggest for the coin at this stage?

We're basically looking for a way to have the network continue to support transactions once all coins are mined. POS is a way to do this, but it stimulates people to not spend their coins.

Proof of Take (POT)
I personally was thinking of doing the opposite of POS, where coins deteriorate over time if they are stored and not used. Part of the stored unused coins will be redistributed over the miners in this case. When a wallet has been offline for a long time and comes online again it can be punished with a certain deterioration of funds (1% / week up to maximum of 10% or something). In this scenario, people can also prevent deterioration by synching the wallet at least once a week.

This has the following benefits:
- Transactions can be free: This would make it possible to replace the fee on transactions with a fee on keeping the coins offline.
- Decrease only for not-contributing part: Active people are in the clear, but stored funds will decrease over time.
- No inflation: The coins get redistributed, but the total amount does not have to increase.

I would be more motivated to be part of the network in such a case!

Probably a lot of things to say against it, but idea is still in early stage.

I personally don't agree with this. Why? First you need to be able to spend your coins on something and If you don't have that will crash the price down. Who really wants to put money in something and 5 days later to be loosing already. We need to think about something else even If its not POS. But destroy coin because I don't have what to buy with, waiting for price to rise or not wanting to spending them is not a good idea. I hope we could find some ways to invent something else.

I did vote for Something Experimental just to be noted!

I have no intend to destroy coins, but partly redistribute them if the wallet rarely gets synched. This enables us to have the benefit that POS offers without creating new coins.

We're into this as a community so I believe this will spur the need for innovation, because it's in all our benefit to use the coins as money.

I believe the value lies in the practical use. Not in just storing it somewhere.

SaintFrantic

sr. member

Activity: 280

Merit: 250

Quote from: Obfuscode on May 28, 2014, 06:35:21 AM

Regarding PoS...I'm not a fan of it

Jonesd said something similar...

Just out of interest Jonesd and Obfuscode, in your professional opinions Wink

what feature would you suggest for the coin at this stage?

We're basically looking for a way to have the network continue to support transactions once all coins are mined. POS is a way to do this, but it stimulates people to not spend their coins.

Proof of Take (POT)
I personally was thinking of doing the opposite of POS, where coins deteriorate over time if they are stored and not used. Part of the stored unused coins will be redistributed over the miners in this case. When a wallet has been offline for a long time and comes online again it can be punished with a certain deterioration of funds (1% / week up to maximum of 10% or something). In this scenario, people can also prevent deterioration by synching the wallet at least once a week.

This has the following benefits:
- Transactions can be free: This would make it possible to replace the fee on transactions with a fee on keeping the coins offline.
- Decrease only for not-contributing part: Active people are in the clear, but stored funds will decrease over time.
- No inflation: The coins get redistributed, but the total amount does not have to increase.

I would be more motivated to be part of the network in such a case!

Probably a lot of things to say against it, but idea is still in early stage.

I personally don't agree with this. Why? First you need to be able to spend your coins on something and If you don't have that will crash the price down. Who really wants to put money in something and 5 days later to be loosing already. We need to think about something else even If its not POS. But destroy coin because I don't have what to buy with, waiting for price to rise or not wanting to spending them is not a good idea. I hope we could find some ways to invent something else.

I did vote for Something Experimental just to be noted!

derrend

hero member

Activity: 707

Merit: 505

Also I'd be for adding GPU-resistant algorithms (I know, this is just a race condition where we as dev have to keep changing the algorithms as soon as somebody managed to code a GPU-miner for it...) because it will increase the investment made into the coin and thus raise it's value on the longterm.

+1

derrend

hero member

Activity: 707

Merit: 505