Topic: Here is why QUARK is so hot, so expensive? Read it and think? - page 3. (Read 7495 times)

OMG - I have a ton of quark sitting around from a couple months ago. I'm stunned... in a very happy way. I had a feeling this would be a good long-term investment . 

I love to aggressively protect peoples freedom .

We are helping people,

these fat girlfriendless fucks are playing WOW and getting horny about the possibility that the NSA might recruit them .

Then they come here an tell me they are going to attack this community that is trying to free itself from corporate communist slavery .

What do you expect ?

I am just being honest .

Let's see your rebuttal then, or are you afraid what I am saying is the truth? And what's this about dogecoins, do you guys find it threatening or something a silly coin such as that? You must have taken a lot of time to look through my posts and see where I posted, because that's my only association to dogecoins, posting in one of their threads, I haven't mined or plan on mining/buying any dogecoins.

And I'm sure that I'm not the only to notice the blatant bribery of shill Bill Still.

Yes I think that QRK is overvalued vs. WDC. Exactly a month ago QRK had a market cap of $35k while WDC had a Cap of $950k. Currently QRK is worth double WDC. Does that make any sense? Based on What? Hype created by Bill Still and Max Keiser?

It gets even more ridiculous when you compare Quark with Namecoin which had a Cap of $4.3 million on November 10th. Now Quark is worth more then NMC? Get real.

With a Cap of $35 thousand anyone with 10 thousand cash, a botnet or willing to rent massive computing power from a place like Digital Ocean for a few months could control a huge portion of the coin. The majority of the coins were mined before the crazy price spike we have seen so it is quite possible for a few people to own (or did own) the majority of QRK.

 Also just because QRK changes wallets doesn't mean it has changed owners. I have heard rumors that at one point the majority of QRK was held in the 10 largest wallets, they could have easily just distributed their holdings among more wallets to deflect suspicion.

I think the OP makes a good point that if a few people hold all the supply and don't sell then it gives the illusion that QRK is valuable but if they did sell the price would drop massively.

The reason why QRK is attacked more then other coins is because it has leaped over all the others into the 4th spot of course people are going to turn their attention to it. It deserves it.

If Bill and Max Promoted any other coin that coin would also see large gains. I don't think that makes Quark special.

The reason why it concerns me is that if QRK implodes at some point and I think it will, it is going to do a lot of damage to the crypto community.

This is why I don't get along with some hot blooded supporters.
You, just like so many people in bitcoin , litecoin or whatevercoin think that price is a measure of success.
You don't see the true potential in crytos beyond market speculation and instant gain.

This is the difference that I'm talking about , and at least BTC has some poeple and actual devs (no copypaste kids) that think beyond price for the future.

Sorry, I meant fast as in "fast trading" not fast transaction times. Quark volumes are huge... my bad.

Botnet botnet, let me know when you find someone that operates one of any size worth talking about. These earn millions of dollars per month, you think they will mess around trying to 51% QRK. The pos would solve this anyway.

Botnet is one of those words everyone says now but in reality nobody has one at their disposal.

The mistake actually will turn out not to be a mistake. You are hung up on mining because you don't get market distribution. It causes mass dumping on to the market so people could buy for less than electricity to mine it. It also offered it to people who did not know how to mine or did not want to mine and ruin their laptop or pc.  As i say people will never mass dump coins again after this...especially ones that have huge instamine appeal. QRK will be the last of the instamine coins that get dumped to nothing. There are too many buyers now and the lesson has been learned. Instamining in this case helped the fair distribution of qrk.

Say what you want about it , come back next year and see what has happened with it. My guess is that now it has reaches fair market value it will rise inline with other coins if not faster due to all the attention it is getting.

I like dgc and cgb more, but QRK is not over valued and will continue to rise strongly. Those other two have not risen as fast as they should have done. If you missed stablecoin you missed another rocket like QRK, but you can't win them all.  Stop wasting time and get mining and trading else you will always be here moaning and groaning rather than enjoying being early in one of the most exciting things in years.  You missed the very start as i did, but we are still in before 99.99% of the population.

Nope , this is not a problem related to fast coins.
The blockchain grows if the blocks are full of transactions.
You can see that even at a rate of two per minute , the blockchain grows just by 10 kb/10 minutes opposed to bitcoin who is doing around 300kb in the same time.

It's the number of transactions that bloat the blockchain not the speed of the blocks so quak is at no disadvantage here.

Quark was never meant as investment that people hold on to. Quark is meant to be used as real currency when it matures.

I have to agree, that there are some concerns about Quark, but they are with every coin.

In my mind, negative sides of Quark:

* Blockchain is growing very fast (problem with every fast transaction coin) - All coins are thinking of ways to fix it and it will be done before this becomes a problem (probably some kind of blockchain checkpoints)
* Period where Quark mining gets very difficult, but price is not very high to promote mining yet - time will tell what happens. This is main issue (but again, this will happen to all coins eventually. Quark just tries to get over this hump as early as possible).

Other than these 2, Quark is golden.

Based on fact again , there will be a minimum of 1 million quaks mined every year. Am I right?
Regarding bitcoin , there will be another million mined this year too.and in 2015

This makes the reward at least 4000 times smaller.
And the problem is that the cost for a botnet are (electricity 0 , hardware 0).

The mistake of cutting the reward so step after only a few months will come to haunt the quak devs, or copycats.

Should be worth much more soon. 

It is impossible to mine quadrillions of Quarks if it is capped to 1mil per year from January. Huge bot-net calculating transactions would actually benefit Quark and keep the network and transfers fast.

Also, I think they are adding proof-of-stake to Quark (like many other coins) after main junk is mined.

I'm sure you mean the second thousand:
http://en.wikipedia.org/wiki/List_of_messiah_claimants

Thanks for another noob critique that means nothing. Back to your doge coins.  

With regard the 51% attack. As with all coins.. Disruption only.

What happens the when same BTC guy gives a chunk to some scrypt asic development and 51% ltc? or any other of the older pow scrypt coins that could be 51% attacked  far easier. Why do i not see millions of threads asking this FUD scenario regarding their future and their current price.

There is whispering of pos in the works along with a lot more other features.

That is a valid question, but it will be addressed as it needs to be i'm sure. You can set up FUD for most coins really. Many coins gets attacked and broken for a time only to come back stronger. Even small coins with hardly any market interest. You can be sure QRK will come back should it need to do so.

I don't see BTC and QRK as opposition in the future. There is room for alts that differentiate themselves. Sure there are other multi algos but this has caught on and has been very fairly distributed over an extended period. It may not happen again.

There's barely any real demand for this coin at the time. As OP said, only real reason price is rising is due to the Oligopoly not supplying any coins or the bare minimum. And the "media" attention they claim comes from them bribing Bill Still. Probably telling him, "Hey, we got a great plan, see how bitcoin took off, we can do the same, we'll send you X amount of QRKs, just make us look like the second coming of Christ".

I made the mistake of saying "minned" , sorry i was only thinking of mining power and hashrates and got carried away mumbling those while I typed.
But there is not a term for coins created by double spending , I would assume , forged?

Much more likely would by a 51% attack to cripple the network. There are no coins left to mine to profit from. With no mining power to salvage the network the coin dies.

I think that is a valid concern.

I like how you talk about facts:
Lets't talk about facts:
http://www.coindesk.com/zeroaccess-botnet-stopped-bitcoin-mining/

At one point the zeroacces bot was able to deliver around 2.85TH of hahsrate.
Due to gpu mining and asic coming to play it wasn't any real threat.

With declining incentive to mine for the average user how can the network protect himself from a 51% attack?

Lets assume a FUD scenario:
Somebody having bitcoins feels threaten by quaks , in order to safeguard his investment of 100milions he gives 10% to an underground groups who owns such a botnet.
Next step is quadrilions of quaks being minned every block , thus killing the value of the coin.

Some facts please?

I am refering to anyone that shouts the same misinformation over and over again. First find out the facts about QRK compared to other coins. Next learn fair distribution is probably nothing to do with mining and much more to do with the free market.

The board is getting riddled with the same junk spurted out over and over again.

Use logic, anyone taking time to talk down a coin has an agenda. If they are asking real questions fine, if they are shouting scam , premine, instamine etc be clear on what you mean and how relevant it actually is to your position. Use the search function, any question you could probably ever think of regarding QRK has been answered 10-50 times in the last few days.

I don't see many pump threads, it is all scam, instamine, poor distribution, i didn't get any qrk.  QRK is not over valued. If it is ,...then tell me why you think this. Compared to what other coin and why?

I am holding some QRK but like i said it is only a part of my holding, anyone smart will hold a big spread of coins right now, since there are many great coins with great communities. MEC is another labelled scam for the same reason....it has gone up past what people want to pay for it. Well too bad don't buy any, that is another coin going much higher. A few look undervalued, DGC and CGB right now, but all will rise as more investors poor in.

This.

There are at least 3-4 new threads a day that try to show Quark in bad light without any real or reasonable arguments nor facts. It is getting old

All the questions about distribution and mining of the Quark have been answered thousands of times. Besides, when you have to read next "Quark is a devil" thread that raises questions that were answered in previous threads with the same name, it takes away the willpower to be courteous.

Just some facts again:

* It was mined in 6 months
* It is well distributed (go check blockchain audit thread in Quark forum)
* It has better speed and security that most other coins
* It has support of Bill and Kreiser
* It goes to China's market 13th

Just read about Quark before you make these silly threads. Please!

Edit side-note: Average Quark defender is actually quite polite compared to acusators.