Topic: ** The REAL Reason Quark is the MOST Popular Coin now & Why it's Under Attack ** (Read 4454 times)

Have to agree that quark is doing a good job in generating demand for it, they really trying to become a currency and not just a store of value or something to speculate with

I still have faith in the little qrk. bets are it drops for a bit, but now its distribution is wide and when it drops people will forget they have it and others will think that the people that forgot about it are holding, its a coin that can be spent so it has value, if others are holding you will probably get the idea it is being held cause they deem it to be valuable, although in the most part those holding do not want to waste their time trading it, meanwhile believers continue to promote it, get merchants to accept it, etc. etc.
IMO qrk is here to stay, maybe it is the bronze beneath ltc, but it is not going anywhere, it has asserted its place among other crypto's with a likeness to ... lets say yahoo among email providers, I will throw some hashes at it when it is possible for the small guy to earn something for it.

From an economical supply point of view getting a large number of units out pretty quick and then changing to 0,5 % annual supply inflation is a good idea, much less supply inflation after 6 months then all the other coins.

However it might all fall apart when the hash rate drops after 6 months because miners not making enough money mining quark to pay for electricity, (unless the price of quark jumps high enough ofcourse.)

Either the devs made a serious mistake IMHO, or this is just an instamine scheme on purpose.

Why would miners want to secure the blockchain if its already been stripmined?

I know why the mining community dont like quark, because there is not much to mine anymore after 6 months

spinning words like usual,

QRK was infact NOT premined. However, it was instamined for the past 6 months with outrageously huge MEGABLOCKS. After the first 6 months are up the mining reward is dropped insanely low. This, says the shills, is by design for some bs reasons that I cant really remember. I'm sure digitalshill will correct me and tell me exactly why. Or get one of his sock puppet accounts to do it.

all the quark shills do this when you speak a little sense

makes me think they are all the same person haha

Is that before or after hell freezes over?

both good coins, i see quark being taken more seriously though. Doge and quark will be way above where they are now in terms of price.

Doge can still suffer from large miners dumping so will see bigger waves. Hold both , since they have way more chance than most.

Doge should die already.

Laughed so hard.

Its so funny to see Quark haters. Quark has now been more widely distributed than any other alt.

Quarks are not a scamcoin, but thanks for bumping my post. 

If you want to support Bill Still so much you might as well donate him some bitcoin instead of buying scamcoins that he is affiliated with.

Doesn't Quark use sha2 for transaction IDs? If so, doesn't that mean if sha2 which bitcoin uses is broken, then the hash quark uses for transactions will be broken as well?

There is a new interview with the creator. I'll post it here for people who have not seen it yet.

http://www.quarkcoin.cc/2013/12/17/an-interview-with-quarks-creator/

"A coin called SifCoin, released on the Russian forums, caught my attention because it used six different algorithms for hashing instead of one. All coins up to that stage (that I am aware of) used only one hashing algorithm. The obvious advantage of having multiple hashing algorithms on top of each other is to make the hash as a whole more secure. If one of the hashes is ever broken, there are five more to break. I modified this approach to interweave an additional three rounds of hashing for a total of nine rounds of hashing. These three rounds use a random hashing algorithm, making it even more difficult to break. Sifcoin used an approach where block reward increases over time, making for a very inflationary money supply. I instead attempted an approach where the coin supply would stay relatively stable over time. This is achieved in two ways, firstly by producing the coins in a relatively short period of six months, instead of years as is the case with Bitcoin, and secondly to have a constant yearly coin production of around a million coins per year.

The yearly million coin production has two purposes, the main purpose being to keep the network secure by permanently rewarding miners, and secondly to make up for coins lost through lost wallets, making for a relatively constant money supply.One economic definition of inflation is an increase in money supply. By that definition, other coins still have high inflation rates, as many new coins are still mined, while Quark is almost at the stage where the one million coins will produce around 0.5% inflation for the first year. Ever since its release Quark had good community support from various fantastic members who ran forums, developed a GPU miner and provided other services.

KJ: One of the most persistent and cliched criticisms coming from Quark-naysayers, is the accusation that ”Quark has been pre-mined.” Could you elaborate on why this statement is false, and if it’s not false, then could you explain how this is a non-issue?

MG: Generally the term “pre-mine” in the alt-coin community refers to mining a coin before releasing it to the public, or where a coin has a special block in the beginning (usually block 1) that gives a large reward to the developer. Neither of these apply to Quark. Quark was released on bitcointalk, the most active alt-coin community on the web, with only the genesis block mined. During this period on the alt-coin forum, many new coins were released, sometimes multiple coins a day." .....

Sounds solid to me, and this is also part of the reason it's being attacked so much. Quark is going to make some people very rich, because it works well, and it's secure and it can compete alongside the giants.

They may be able to trick them into mining it, but it still doesn't mean they could get everyone to use it.
Not the bitcoin crowd, for the most part.
I've been a student of freedom and it's culture since I left school many years ago.
We are all under Commercial & Admiralty Law, not the Constitution or even Martial Law

I think a bank could get the processing done on browser's, the people trust the establishment enough to entrust their hardware to them, all of the new computers could run cycle's without even feeling it.
Looks like you know something of Maritime law bitrebel 

No argument here, but a retort to your proposition that the Fed will bring out their own system. It would have to be supporting by mining efforts of those of us, who choose to support it, which would be very few of us, considering all the profits would go to them.

Please explain how any crypto coin is going to bring down the Fed, The U.S. will bring out their own system with similarity's before that ever happens,.

And as for the NWO, does anyone really think that ancient cultures are truly going to be brought together just cause a bunch of politicians want them too? I think that was a seeded idea that has grown with the growth of the U.N. and was built to increase the strength of the walls protecting freedom (haha), if anything, crypto currency has the ability to bring everyone in the world onto the same page, and is actually a threat to those people that are dead set against tearing down border walls and uniting with other people in peace.

Quark coin runs into opposition only cause if there is no fire then there is no refining, a little heat makes gold the lovely yellow color we all love, a little heat will make the quark look good too.