We had a decision to make when applying the first patch to Worldcoin. One of the items discussed was to correct the inflation model, the rate of coins produced. We were interested in halving the coins each month or so at first, resulting in the majority of the coins to be mined early on, but received an outcry from the community that this would be very bad for Worldcoin once that time was over. So we opted against it for this very reason.
The problem is, people will buy into QRK due to marketing, but most have no idea the amount of dumping that will take place. Makes for a dangerous investment. I think Quark was a great idea, but the 6 month instamine situation is going to be a serious thorn in their side for a very long time.
A prime example of fair coin disbursement.
Note: from May to August (week 1 on the chart) the reward was 60.
This is totally incorrect. Mining is not distribution. QRK is probably just as well distributed as WDC infact probably more so due to such massive volume lately. Quark was mined by fewwer than WDC however was dumped hard on exchanges for months until the price was nothing. It was distributed then and on the way up it has had huge distribution.
Mining means nothing. You could have one person pre mine the entire coin, if they give it out for free on the exchanges for months it is distributed by the market.
People mention about the 6 month mining dont seem to mention other coins that employ the same process.
WDC is a good coin and i hope it reaches BTC however it is not as good as quark nor as widely distributed.
The release of WDC was shouted for being instamined. I was there, the blocks came in so fast nobody but those with huge miner on low latency got all the easy blocks. This agian doesn't matter all that much since it generated so many coins and the value was so low people just bought up bits of it here and there whilst it was worth nothing.
The strangest thing is how DGC has lost it's shine??? what happened to that coin and that dev?
