Topic: The whole quark thingy (Read 2996 times)

I don't want to answer for him but this is my understanding.

Bitch #1
Hur dur people premined all the quarks.

Retort:
Quark was set up to mine the majority of the coins in the first 6 months. A small number of people were on that bus because... who gives a fuck about a new coin? This makes it no less fair that someone missed out. You had the same opportunities to join as anyone else. You are responsible for your interests and the repercussions of your actions. Blame is indivisible and fuck you if you think someone else is responsible for your misfortune.

Bitch #2
::mouth breathing:: A small number of people are getting rich

Retort:
Maybe, likely false. If all those original miners held their coins there would be nothing to trade. Supply & Demand. After 6 months 95% of the coins are mined. Demand has to go up for them to have any value. If a large holder starts to dump quarks then the price will plummet. Either big holders have to hold a really long time, sell in small batches, or it becomes a prisoner's dilemma of who can cash out first and then the quarks are just distributed more.

Bitch #3
No one will mine it after the majority of coins are minted.

Retort:
That's unlikely. I can't speak to the resilience of quark against 51% attacks but I don't think Quark needs even a small fraction of the bitcoin network power to stay afloat.


Keiser made a good pick with Quark. In the sense that it is unique. If you notice Max picks are like such:

Long game: Bitcoin
Mid Game: Litecoin
Short game: Quark

Can I get a few votes on this POLL you guys?  I'm almost done... not quite there yet though

https://bitcointalksearch.org/topic/poll-bosscoins-future-365734

I feel sorry for everyone buying into quark now. It will crash. 

What are the chances that Quark will have crippled itself once the reward plummets come january? i can't see it being profitable to mine after 98% of the supply is out, no matter how 'spread' it is

frankly SRC is quark done right and i'm sorry to see all this hype get rerouted into QRK when there's a much fairer alternative for it

That is a pretty easy illusion to manufacture. All it takes is multiple sockpuppet accounts.

Yup. A ton of IT companies in the 80's and 90's were successful, but today are either dead or a shadow of their former self. So the Apple example is not a very good one. :/

Also you don't know for sure if it's a bubble or not until the bubble popped. I won't grudge towards people who profit from a successful altcoin. While jumping on early might be profitable, it's also risky as hell so "Caveat Emptor".

Some alts will likely be hits and rise in value. But there are so many of them, why quark is special? Except it's flavor of the day (don't get me wrong, I've bought few short-term prospect looks interesting).

But not all alts will make it big. Like thousands of IT companies disappeared for Apple to rise, many alts will go under for one to hit big. But which one? You can't really follow "it's undervalued now it will be big one day because of that" logic.

One thing that puts me off from investing big in any alts is that none of them is really independent. All heavily depend on BTC/fiat ratio.

Regarding buying BTC for 12$, you should buy it now before it hit few thousands

LOL the thing you are missing is. That there is no bubble, it was just super undervalued. It is still worth no more than most coins and is in fact rather cheap still based on coin minting alone. Let's be honest you didn't mine any did you and you also neglected to buy it from people that were giving it away for months on end.

Just because it was the cheapest coin on the btc market for months does not mean it should have been.

Now, even now it is still cheap. Get a couple of 1000 at least so you won't mind when it breaks through the $1 and beyond.

It is people like this who had put me off buying BTC at $12 if i had just bought a few then i would not be crying everytime it rises now. Just because something was for sale for nothing once does not mean it is worth zero. Apple shares were nothing once, now try and buy a few 1000 of them. Bitcoin was worth nothing once....

People are flooding to crypto and most coins will just rise.  Quark will rise long term because people will want some in they crypto portfolio and there are some way more influential people that like quark that exist on this board.

The biggest threat to alts ....is the new wave of shit coins. They make alts look a laughing stock. Hopefully exchanges will never list them.

You warn people of quark but holding 1000 or 2 of quark is a lOT less risky than holding BTC with a lot larger potential upside.

Not only quantum computing can threaten sha256.

The same users that causes the price to rise can also cause the price to quickly drop again. Just like BTC in some ways admittedly, but the smaller marketshare of altcoins makes them more vulnerable to drastic swings.

But really, the more I look at it, the more I get a feeling the most fanatic people are ones that wish they were early with BTC but missed the boat and then this coin arrives that really rewards early adopters rather drastically. So they invest into Quark, then hope that more people do the same so that their investment pays off more.  I'm not too bothered if people manage to get profit from this, but I still express concern that it might end badly if people aren't careful. Even if I was interested in buying, I'd rather wait until the coin has temporarily stabilized (like when BTC was hovering around 110 USD for several months) then buy.

Even though I kinda like the name Quark I have a hard time believing the general public is not going to find the name a bit off-putting.

The one thing Quark has going for it is that the community seems to really be rallying behind it.  Hopefully that is sustainable.

One thing I was wondering about is how the math works for the 247million mined coins + 1% inflation.  The max coins in the code is set to 500,000,000.  Is the inflation based on the halving of the reward and the other parameters, so that it just works out that way?  How was the max coins of 500M determined?

...as skeptical as I am, I do have some QRK because who knows

edit:By community I mean the quark community, not the community at large...they seem to really have a lot of "true believers" - a little concerning on the flip side because it also seems like a fair number of non-technical/non-savvy investors plopped a bunch of money into it.

You know, I'm getting a deja vu from the bitcoin bubbles here.

Everyone who speaks in doubts gets quickly labeled as a hater to a almost zealotish extent, while everyone else tries to hype up the price. Eventually it ends with a pop as large jumps in value tend to be unsustainable, and people who held onto their coins loses a lot of money and there is a lot of told you so from people. It's kinda pisses me off, as naive people get caught in the hype but since they jumped on the train late they wind up losing money. Of course we all knew that BTC eventually recovered each and every time so far.

And to be honest, Quarkcoin value is going to "crash" just like BTC bubbles of the past, it's a bit naive to think that it's current price trend is gonna keep up forever. It's not a matter of if, but a matter of when. And also a matter if it would keep going like BTC is at the moment, or never really recovers from it's crash.

I'm so glad that Quark is surviving and thriving even after all the scrutiny and hate

Everywhere you turn there is a Quark hater trying to bring down the coin.. They read about two lines regarding Quark saying it's a "scamcoin" "instamined" and automatically make their minds up on the spot, without looking into anything else further, and confirmation bias comes along whenever they hear somebody scream shit about Quark (i.e. btc-e trollbox, posted comments)

So when they all see Quark's price steadily increase, a wave of envy runs through their body and the only way to escape some of the pain, is by following around Quark threads and media- and posting shit about it - in hopes to discourage new investors and bring down the price - so ultimately, they can selfishly feel a small sense of relief from a lower opportunity cost of not buying some Quark in the first place.

Quark has been addressing every single issue that has been brought to their attention since all the hate.. Just read through the Quark forums.. The haters keep posting the same fucking questions and criticisms over and over again - despite them already being addressed - and some scream that "quark creators and devs aren't responding to my questions etc. - Yeah maybe because they've been asked that question 100 times already and addressed it 100 times - it gets extremely tedious and annoying to have to regurgitate the same answers over and over again - if you really cared about answers and were interested - then browse for 2 minutes and you'll find your answers - if you don't want Quark then just don't buy and shutup

Question for you anti-quark trolls:

Have you noticed that there are significantly less trolls talking smack about Quark in the past few days?

(Have you thought maybe it's because they've all jumped on the train? and left the dumbest, most ignorant, close-minded ones behind (you) )

i for one bought a few for the long term (months) and who knows. i didnt put all my money on it. But quark looks better than 50 other altcoins there...

is there proof that this was pre-mined, I managed to get a fair share of them for a month or so with my intel i5. I solo mined over a million of them till the difficulty went too high, gutted I sold them all for peanuts.

+1. They just whine why another guy was smarter and noticed Quark earlier than they did and made a decent profit. I mean 6 months is a pretty long time. It's not Quarks fault some are inactive in the forums or too busy with their own investment. Altough it's far from too late, it's still very cheap you could be early adopters.

Lets say it is a pre-mined coin, the coin is slowly released into the market at different values. In terms of the creators become rich (which.. in all honesty i cant blame them if they hold some for $ they created the damn thing so stfu with your crying). 

So now the coins are in the market, value is high, HUGE public interest and media coverage and the "pump and dump" of the creators is over, but value is still high as the masses has adopted the coin and is still being traded in good volumes.  Well then is it still a scam coin as it is evenly distributed now?

I guess my point is if the coin survives the pump and dump section of its existence, then who cares.  I think if a few people hold the coin, and release it properly then is stands a much better chance at becoming a good coin than a coin who dumps 75% of its whole coins a few days after it hits exchanges to a handful of people.

BTC is pretty secure as it is. Unless quantum computing is making major leaps or there is a weakness found in SHA, it's secure enough. And to be honest, if something was threatening the security of BTC such as quantum computing... it would pretty much affect all current cryptocurrencies save for the first quantum-crypto based coins.
Blockchain bloat have been a concern for BTC lately (although probably wouldn't turn out to be a problem for a bit longer). Wouldn't the shorter target time of Quark make this a possible bigger issue if quark got big?
Doubt it have any real effect on stability due to the power that is speculation. Plus the sudden decrease in reward seems certainly more unfair towards late adopters than the bitcoin reward halving (reward difficulty aside mind you), almost like it was made to make the coin suddenly rise up in value artificially.
Isn't this the said advantage for pretty much all non-SHA256 coins so far? Plus it's arguable much easier to mine with large botnets making it more unfair towards those who prefer legal ways.
Altcoins in general tend to be discussed and traded between people who already are into cryptocurrencies, and to be frank probably mostly people who wants to mine without competing with the SHA256 asic miners, especially since there been a explosion of altcoins ever since ASIC miners obsoloted GPU mining. Even litecoin that is currently the second biggest cryptocurrency have a tendency to follow BTC's value. I'm doubting that over longterm, Quark would be different in this department.

Distribution dosen't really tell much IMO as it's really easy to spread coins over a huge amount of different addresses.

Yes of course this is a possibility with all coins. But with the amount of mined coins in such a short time, it would have more of an impact, than with a coin, were even after 1 year  an average guy could mine a fair amount of coins compared to the guy who mined at the beginning

With quarkcoin it seems like the guy who mined in the first half year will get on average around  ~240x more coins for the same work than the one who mine after 1 year.

Don't get me wrong, I do like the security concept and the CPU only mining. But I still can't wrap my head around the stated argument, that this distribution is fair.

its not inflation its  equilibrium its a fixed  to slightly deflationary money supply  .