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Topic: Quark is instamined and now coin #4 (Read 2994 times)

member
Activity: 98
Merit: 10
December 06, 2013, 01:42:28 AM
#37

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.


Well, no.

For example, NXT has a different concept than all the other alt-coins, you don't even need a wallet with NXT, so it's much different from all other alt-coins and bitcoin.

If bitcoin shuts down, it depends what causes that shut down, there can be different scenarios.
If bitcoin shuts down due to bitcoin's specific problem, other alt-coins have a high chance to survive, and why not actually? It's all experimental now, if one experiment fails, even if it's the first and most tested one, technology will move on.

In that respect it's wise to diversify into other coins, which are different from each other, not just hold one and pray it's safe and nothing happens to it. If you just hold one and pray it's ok, that's called religion, and religion in investing is not a good thing.
hero member
Activity: 826
Merit: 501
in defi we trust
December 05, 2013, 05:21:57 PM
#36
And another thing , why did the price on quak coin go down today ?
The china news mentioned Bitcoin , no crypto , not LTC , no Quak?
Why did the clone follow it's master i ask:)
hero member
Activity: 826
Merit: 501
in defi we trust
December 05, 2013, 05:20:34 PM
#35


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.

OK.
What is improved in quak coin over bitcoin ? . Facts please.

Let me see if you have at least researched it , how does it protect itself from a botnet ?

Bitcoin hasn't yet been distributed , only 50% and you talk about fair distribution with 90% of coins gone ))) ?

sr. member
Activity: 252
Merit: 250
December 05, 2013, 05:18:56 PM
#34
The question is why people buy them since it is mined already for the most part or why people buy them anyway?

Well tell me first -- why people buy Bitcoins?

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?


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 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.

legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
December 05, 2013, 05:05:25 PM
#33
The question is why people buy them since it is mined already for the most part or why people buy them anyway?

Well tell me first -- why people buy Bitcoins?

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?


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.


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.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
December 05, 2013, 04:55:48 PM
#32
So if this coin is premined by %90 already, how are the transactions processed?  Is it each wallet acting as a node? 

It not premined. Premined means it was mined by the dev before release. Lots of people are mining it and will continue to do so as the price rises. Also they are talking about using pos like cgb and android.
hero member
Activity: 826
Merit: 501
in defi we trust
December 05, 2013, 04:55:08 PM
#31
The question is why people buy them since it is mined already for the most part or why people buy them anyway?

Well tell me first -- why people buy Bitcoins?

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?


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.
newbie
Activity: 24
Merit: 0
December 05, 2013, 04:52:16 PM
#30
So if this coin is premined by %90 already, how are the transactions processed?  Is it each wallet acting as a node? 
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
December 05, 2013, 04:50:22 PM
#29
The question is why people buy them since it is mined already for the most part or why people buy them anyway?

Well tell me first -- why people buy Bitcoins?

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?


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.


hero member
Activity: 938
Merit: 500
December 05, 2013, 04:43:59 PM
#28
my question, what do you all want, the developer to give everyone in the world a certian amount of coins in the begining, not even close to how a captalist markets work. You find and opportunity then you take advantage of it, That is business, i can see people are sad about not being on some type of magic money ride. All you do with those words is show people you are not even close to ready for trading and investing.  This was brought up before, do you think apple and google were "premined" because you didnt get some of the action. Many of these commnents are the exact same from bitcoin, and litecoin. I guess everyone saying it about quark means its has finally Arrived.
hero member
Activity: 826
Merit: 501
in defi we trust
December 05, 2013, 04:35:55 PM
#27
The question is why people buy them since it is mined already for the most part or why people buy them anyway?

Well tell me first -- why people buy Bitcoins?

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?

He's comparing kermitcoin with Bitcoin! He'a a total quako!
sr. member
Activity: 252
Merit: 250
December 05, 2013, 04:33:04 PM
#26
The question is why people buy them since it is mined already for the most part or why people buy them anyway?

Well tell me first -- why people buy Bitcoins?

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?
member
Activity: 98
Merit: 10
December 05, 2013, 12:19:08 PM
#25
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.

My surprise was premature Smiley
hero member
Activity: 826
Merit: 501
in defi we trust
December 05, 2013, 12:17:05 PM
#24

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


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

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.
member
Activity: 98
Merit: 10
December 05, 2013, 12:11:05 PM
#23

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


That's what I mostly thought, but you surprised me with those 5% LTCs.
hero member
Activity: 826
Merit: 501
in defi we trust
December 05, 2013, 12:08:58 PM
#22
Well at least it's 6 now and going quaking...
Another heavily  marketed clone with no purpose.

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

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

And , what to you expected , owning kermits?
member
Activity: 98
Merit: 10
December 05, 2013, 11:58:28 AM
#21
Well at least it's 6 now and going quaking...
Another heavily  marketed clone with no purpose.

let me guess, you're 100% in bitcoins, correct? )
hero member
Activity: 826
Merit: 501
in defi we trust
December 05, 2013, 11:50:44 AM
#20
Well at least it's 6 now and going quaking...
Another heavily  marketed clone with no purpose.
full member
Activity: 126
Merit: 100
Girls dont crypto?
December 05, 2013, 11:50:00 AM
#19
Quote
Quark is designed in the way that most of coins are mined in a short period of time. In this way, the value of this coin is going to stabilize very soon. Also, the 0.5% inflation helps the circulation (instead of hoarding) of this coin. Quark might become the first mature cryptocoin on the market. These properties make Quark the No.1 choice for merchant use.

Bitcoin and other coins with a long mining span does not has this advantage. Obviously no one is willing to spend Bitcoin since it is expected that Bitcoin's price is going to rise. Everybody wants to hold. So Bitcoin itself is more like an asset rather than a currency.

This is a nice endoctrinated way of saying alot of bullshit. Spin it how you want, this is an instamined coin in an attempt to sell to people at the high. 0.5% yearly is no where near enough to "promote circulation". Its enough to fool noobs into thinking that is how it always was. This Shit is a scamcoin by hazards definition and branded in a real nice box. Thats about it. Again, i'll say, keep pumping it. I made alot of money from QRK Cheesy

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. ^.^

Ohrlly Considering I didnt say anything about ROI. Read it slower. BTC didnt produce its entire coin supply in 6 months.
hero member
Activity: 686
Merit: 500
December 05, 2013, 11:47:42 AM
#18
FYI  http://quark.freeforums.net/thread/61/question-pre-mining

and about coinmarket not updating it yet, someone replied on this already: It is actually just because the QuarkCoin block explorer which is used for the statistics happens to be down: http://176.221.46.81/chain/Quarkcoin -- cmc will be updated shortly, don't worry =]"

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.

I believe Max Keiser from RT is driving this hype. Check his twitter.

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

the question is what do you mean by premine,  if you mean premined by the devoloper before release, then your wrong and need to do alot more research and history.

If you mean premine in the way of it got mined before you heard about then probably yes.

its easier to hate then understand.

J

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 Tongue)

I think it should be admitted by the developer that this's one of the clear disadvantages of quark -- it's initial distribution is not even as compared to coins with Bitcoin like distribution model.
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