Topic: Quark is instamined and now coin #4 (Read 2992 times)

You are joking right? Every alt coin out there waits for bitcoin and its developers to solve any possible and impossible issue that has to do with scalability, bugs or whatever.
Also they expect from the community to open the road in terms of mainstream acceptance, regulation etc.

If bitcoin somehow shuts down then there will be no alt coin whatsoever.

Look, just because something is first does NOT make it better, or stops it having to compete with later editions. A ferrari engine of today doesn't care that it could be called a clone of the first combustion engine.  It is a better machine, it has improved upon the original.  It is therefore more desirable, if it is more desirable then more demand for it right.

First is alway better because it was first is not correct.

That argument has not failed it is still going. I think it is bad that now unless you get the lastest asic with monster power you have no chance at mining a block. I mined 4 blocks of quark today on 2x i5 3570.

Quark is not over valued. Work it out against any other coin. Also factor in if you are using coinmarketcap that most of them have millions more coins to enter circulation.

Distribution has been done by the market and you cant get fairer than that. BTC is without question one of the least fairly distributed coin.

Yes having different algos is a very good thing, anyone who tries to down play this is talking rubbish.

Quark is it the best coin out there??? who can say, i like prime coin and i like the community behind ltc and a few others.

If you missed out on quark i'm sorry, however this is still the start lots of great ideas for coins are talked about everyday so keep reading and find the next coin that will catch people attention.

Ask yourself rather what bitcoin brings over quark and you will answer NOTHING. It is slow, it is mostly held in the hands of a few, it is only respected since it was first. Release it today and nobody would bother mining it, infact it could not even be released today without adjustment. An average person can not mine it on their computer.  BTC is top and will be for sometime, but not forever. Can quark exceed Bitcoins market cap? who knows but it would not shock me at all if quark and many others eventually dethrone BTC.  It will be sad in kind of a sentimental way but myspace was exceed by facebook.

The stir and backlash from quark is bigger than i have seen before, this shows it has some big players worried. I can see qrk being number 3 rather soon actually.

You're asking yourself what the original brings over the clone. Rather unfair right?

The fact that the average person can't mine it on the computer argument.
It has failed on LTC. It will fail on quark also.

I'm not against the coin itself. I'm warning newbies against a getting rich scheme. Oh no shit! This is all that's fueling quak at this moment.

So if this coin is premined by %90 already, how are the transactions processed?  Is it each wallet acting as a node? 

Ask yourself rather what bitcoin brings over quark and you will answer NOTHING. It is slow, it is mostly held in the hands of a few, it is only respected since it was first. Release it today and nobody would bother mining it, infact it could not even be released today without adjustment. An average person can not mine it on their computer.  BTC is top and will be for sometime, but not forever. Can quark exceed Bitcoins market cap? who knows but it would not shock me at all if quark and many others eventually dethrone BTC.  It will be sad in kind of a sentimental way but myspace was exceed by facebook.

The stir and backlash from quark is bigger than i have seen before, this shows it has some big players worried. I can see qrk being number 3 rather soon actually.

They buy bitcoins because it is the real thing. What quark or whatever it is called brings on top of bitcoin except some questionable speculation opportunity?

They buy bitcoins because it is the real thing. What quark or whatever it is called brings on top of bitcoin except some questionable speculation opportunity?

Well tell me first -- why people buy Bitcoins?

The dpr episode , bitcoin was back on track and ltc didn't move for almost an hour.
Guessing that's a clone will do what a clone should do , I bought some.
Well , the clone did just like it's master , but with a delay.

That's what I mostly thought, but you surprised me with those 5% LTCs.

Depends of what you refer that 100%
If it's about my cryptos it's about 95%. I do have some ltc I haven't withdraw/sold  from btc-e

let me guess, you're 100% in bitcoins, correct? )

Well at least it's 6 now and going quaking...
Another heavily  marketed clone with no purpose.

Man, by your definition BTC would be the worst scamcoin of all. I have a ROI on Bitcoin of nearly %10000 and it has a distribution similar to the US Dollar. ^.^

In the other thread digitalindustry argues that the coin can't be unfairly distributed due to it's economy. I'm sorry but I don't see his hypothetical reasoning that in the early days of Quark lots of the coins were distributed among many. We have seen too many people hoarding large amounts of their own coins in the past.


Yes, I'm aware of that. I mentioned Max and Bill Still in my OP.


I meant the unequal distribution of the coins mined in the early days. I didn't say that the developer was the only miner and I don't believe that is the case. This scheme was applied way earlier in SolidCoin and Tenebrix and the likes.

Quark also doesn't seem like the P&D coins we have seen back in April. Quark was developed later and the price seemingly never went up very far. I fail to see how the coin can provably be fairly distributed without early people hoarding large amounts.

Even some now very popular coins have a questionable debut like MinCoin which initially had a 500 coin block reward and is now down to 2 coins per block. At one point there was a huge 400k selloff, so it seems some early miner got out. Even the very popular FeatherCoin had 3 million coins mined in the first 24h due to the low difficulty and the limit on the difficulty adjustment. Sure QuarkCoin might take off, but how can you prove that it or one of the other coins is fairly distributed? (I disregard Satoshi's 980k coins as he deserves it )