The whole quark thingy - page 2. | Bitcointalksearch.org

paratox

full member

Activity: 124

Merit: 100

Quote from: cryptohunter on December 09, 2013, 09:54:00 AM

THERE IS MORE TO FAIR DISTRIBUTION THAN MINING. Do some homework then come back to discuss. You are crying because you did not mine and worse still you did not by at 37 lol. Stop spreading misinformation and buy some before you cry harder.

Care to explain?

I am genuinely interested in quarkcoin, but first I wanna understand the concept before I buy in on the hype.

cryptohunter

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Activity: 2100

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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: Mvann on December 09, 2013, 08:14:58 AM

Quote from: Meebo on December 09, 2013, 07:42:10 AM

Quark is as well distributed (if not more) as Bitcoin. Also, unlike BitCoin, Quark was not premined.

Quark benefits over Bitcoin:

1) More secure
2) Faster transactions
3) Small inflation coded in (this is huge plus and adds to stability of the currency)
4) ASIC farms were not able to steal all Quarks (it was mined by people not corporations)
5) It is just starting to take off and being noticed as one of the "big players" (BitCoin and LiteCoin people really hate this)

What the actual fuck.. "more distributed" are you high?

The coin was made so that a few people could mine 98% of the total coins ever within the first months. The majority of those are owned by less than 10 people. Look it up. (They are even trying to hide the coins the last few days by splitting them up into different addresses)

And about the marketcap, its misleading and artificially kept that high because the actual volume of coins available is a fraction of those 2%.

If you made a blueprint on how to create a coin scam, it would be exactly like this. By the book exactly like this.

He is not high, you are just unable to understand how he is correct.

THERE IS MORE TO FAIR DISTRIBUTION THAN MINING. Do some homework then come back to discuss. You are crying because you did not mine and worse still you did not by at 37 lol. Stop spreading misinformation and buy some before you cry harder.

Netnox

legendary

Activity: 2044

Merit: 1008

Quote from: Yurizhai on December 09, 2013, 09:08:58 AM

It's basically going to go down as one of the greatest scamcoins of all time.

Someone escaped from btc-e trollbox

indiemax

hero member

Activity: 722

Merit: 500

Quote from: Yurizhai on December 09, 2013, 09:08:58 AM

It's basically going to go down as one of the greatest scamcoins of all time.

Go ahead and tell us how it pans out?

then go buy yourself a lottery ticket

Yurizhai

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Activity: 764

Merit: 500

It's basically going to go down as one of the greatest scamcoins of all time.

MisO69

legendary

Activity: 1946

Merit: 1005

My mule don't like people laughing

Okay let me get this straight.

You guys claim that quark was insta-mined by 10 people.. well then post the addresses. All I read is some guy said this and that. No one has proof. Not that I have seen anyways.

Here is my take on the whole quark is spread evenly..

When it was released it was worthless. Who the fuck in their right mind would point a botnet at it to mine millions of coins when they could have been mining something that was actually profitable. When Quark was released I pointed 3 or 4 of my computers at it and let them go. I don't recall seeing huge botnets mining it. There were a handful of miners with low hashrates like me. Right up until Digital Industry started making noise about the coin. Thats when people started to jump on it. Before there were about 50 workers on qrk.coinmine.pl now there are over 2000. I do believe that the coin was evenly distributed.

ya ya I know they could have used their botnet to solo it but is someone actually going to go to the trouble to setup a private pool to mine a worthless coin?

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

1. try using the search function because this gets asked daily

2. the only people that have negative things to say about qrk are those that have none.

go ahead and read other quark threads.

rix5

sr. member

Activity: 271

Merit: 250

qrk is just working like a clockwork. It is reliable. All the haters hate cuz they missed the train cuz of their ignorance. xpm and qrk gonna be both big because of cpu-only-mining that is. Anybody being able to mine without much extra hardware means lots of nodes in the network. That means: healthy network -> even more secure.
You can not save up money in a coin where you have to be affraid the network dies down any moment. Qrk and xpm could be suitable for real money-saving.

Meebo

newbie

Activity: 56

Merit: 0

Quote from: paratox on December 09, 2013, 08:32:45 AM

Thank you for the link. That really looks like a good distribution, but how do you know that each wallet represents only 1 holder? Couldn't it be possible, that for example 1 holder has the top 10 wallets?

There is always possibility for this and sadly it can never be answered, but it is not Quark specific issue. This can happen with every coin Sad

cudjex

sr. member

Activity: 507

Merit: 252

Quote from: LiteCoinGuy on December 09, 2013, 07:53:15 AM

thats it. this is pump and dumb. take a look at the stats of the coin... Roll Eyes

Interesting. Didn't max keiser pump litecoin ? So S.T.F.U.

https://twitter.com/maxkeiser/status/405083488291803136

paratox

full member

Activity: 124

Merit: 100

Quote from: Mvann on December 09, 2013, 08:22:34 AM

Quote from: paratox on December 09, 2013, 08:18:22 AM

Quarkcoin labels itself as "fair" mining coin, cause of "CPU only", but the distribution doesn't seem fair at all.

Did the developers mention somewhere why they decided to give most of the coins to the first miners? It seems like a way to give the developers the advantage of a premine without it being technically premined.

Would really appreciate if someone could point me to the reason for this decision

You are exactly correct and they did this for two reasons:

1. They own almost all the coins which they hope will become valuable.

2. By only having a small fraction of the coin available for other traders the value and marketcap is kept artificially high, making the coin appear popular, it also enables them to cheaply inflate the price themselves.

And what is the reasoning of the developers?

The only possible fair explanation that would make some sense to me is, that the devs are for the most part politically motivated and don't intend to pump and dump, but want to help the market grow in a healthy way. In this case they would take the position of guardians (see https://bitcointalksearch.org/topic/if-i-was-a-whale-or-do-guardian-whales-exist-363559)

But since we can't be sure only people with good intentions in mind have mined in the first 6 month, I am a bit skeptical about this scenario...

EDIT:

Quote from: Meebo on December 09, 2013, 08:29:33 AM

Check Quark blockchain audit thread... http://forum.qrk.cc/thread/368/auditing-block-chain?page=6
It is so much more distributed than BitCoin or LiteCoin after 6 months of their release. HUUUGE difference! Even now, Quark distribution is better than LTC's.

Thank you for the link. That really looks like a good distribution, but how do you know that each wallet represents only 1 holder? Couldn't it be possible, that for example 1 holder has the top 10 wallets?

Meebo

newbie

Activity: 56

Merit: 0

Quote from: PinkPotatos on December 09, 2013, 08:02:07 AM

1) bullshit
2) ok lol
3) small inflation? wtf there is 245 million coins in the first 6 months..
4) no only a few people raped it with botnets
5) its being promoted by paid shills and sock puppets. Check the usernames of the pepple on your free forums.

It would take me 1-2 hours to write a script that mimics LTC/BTC fanboy forum behavior so well, that no-one would understand that it is actually a bot.

Main characteristics would be:

1) Disregarding facts
2) No counterarguments what so ever
3) Shouting "pumb ad tump" when possible
3) ... and of course, bad grammar

Quote from: Mvann on December 09, 2013, 08:14:58 AM

What the actual fuck.. "more distributed" are you high?

The coin was made so that a few people could mine 98% of the total coins ever within the first months. The majority of those are owned by less than 10 people. Look it up.

And about the marketcap, its misleading and artificially kept that high because the actual volume of coins available is a fraction of those 2%.

If you made a blueprint on how to create a coin scam, it would be exactly like this. By the book exactly like this.

Check Quark blockchain audit thread... http://forum.qrk.cc/thread/368/auditing-block-chain?page=6
It is so much more distributed than BitCoin or LiteCoin after 6 months of their release. HUUUGE difference! Even now, Quark distribution is better than LTC's.

Netnox

legendary

Activity: 2044

Merit: 1008

Quote from: Mvann on December 09, 2013, 08:14:58 AM

Quote from: Meebo on December 09, 2013, 07:42:10 AM

Quark is as well distributed (if not more) as Bitcoin. Also, unlike BitCoin, Quark was not premined.

Quark benefits over Bitcoin:

1) More secure
2) Faster transactions
3) Small inflation coded in (this is huge plus and adds to stability of the currency)
4) ASIC farms were not able to steal all Quarks (it was mined by people not corporations)
5) It is just starting to take off and being noticed as one of the "big players" (BitCoin and LiteCoin people really hate this)

What the actual fuck.. "more distributed" are you high?

The coin was made so that a few people could mine 98% of the total coins ever within the first months. The majority of those are owned by less than 10 people. Look it up.

More than half off them have already been traded, yesterday another 1 million was unleashed to the market stupid. The rest of the BTC will be mined by ASIC cartels or who can afford a lot of money. Thats what i call poor distribution. All Quarks will be distributed in a short period. You guys are so hypocrite i remember the day when some had hundred of thousands LTC mined, stop whining

Mvann

member

Activity: 68

Merit: 10

Quote from: paratox on December 09, 2013, 08:18:22 AM

Quarkcoin labels itself as "fair" mining coin, cause of "CPU only", but the distribution doesn't seem fair at all.

Did the developers mention somewhere why they decided to give most of the coins to the first miners? It seems like a way to give the developers the advantage of a premine without it being technically premined.

Would really appreciate if someone could point me to the reason for this decision

You are exactly correct and they did this for two reasons:

1. They own almost all the coins which they hope will become valuable.

2. By only having a small fraction of the coin available for other traders the value and marketcap is kept artificially high, making the coin appear popular, it also enables them to cheaply inflate the price themselves.

viridisk

member

Activity: 70

Merit: 10

18cchz74xD2rusZ6dgio73opk6biwzVxKu

I love the strange zeal tho.

paratox

full member

Activity: 124

Merit: 100

Quarkcoin labels itself as "fair" mining coin, cause of "CPU only", but the distribution doesn't seem fair at all.

Did the developers mention somewhere why they decided to give most of the coins to the first miners? It seems like a way to give the developers the advantage of a premine without it being technically premined.

Would really appreciate if someone could explain the reason of the devs for this decision

Mvann

member

Activity: 68

Merit: 10

Quote from: Meebo on December 09, 2013, 07:42:10 AM

Quark is as well distributed (if not more) as Bitcoin. Also, unlike BitCoin, Quark was not premined.

Quark benefits over Bitcoin:

1) More secure
2) Faster transactions
3) Small inflation coded in (this is huge plus and adds to stability of the currency)
4) ASIC farms were not able to steal all Quarks (it was mined by people not corporations)
5) It is just starting to take off and being noticed as one of the "big players" (BitCoin and LiteCoin people really hate this)

What the actual fuck.. "more distributed" are you high?

The coin was made so that a few people could mine 98% of the total coins ever within the first months. The majority of those are owned by less than 10 people. Look it up. (They are even trying to hide the coins the last few days by splitting them up into different addresses)

And about the marketcap, its misleading and artificially kept that high because the actual volume of coins available is a fraction of those 2%.

If you made a blueprint on how to create a coin scam, it would be exactly like this. By the book exactly like this.

GigaCoin

sr. member

Activity: 308

Merit: 251

Giga

Quark will be #3 Coin v soon don't miss the train

Netnox

legendary

Activity: 2044

Merit: 1008

Quote from: PinkPotatos on December 09, 2013, 08:02:07 AM

Quote from: Meebo on December 09, 2013, 07:42:10 AM

Quark is as well distributed (if not more) as Bitcoin. Also, unlike BitCoin, Quark was not premined.

Quark benefits over Bitcoin:

1) More secure
2) Faster transactions
3) Small inflation coded in (this is huge plus and adds to stability of the currency)
4) ASIC farms were not able to steal all Quarks (it was mined by people not corporations)
5) It is just starting to take off and being noticed as one of the "big players" (BitCoin and LiteCoin people really hate this)

1) bullshit
2) ok lol
3) small inflation? wtf there is 245 million coins in the first 6 months..
4) no only a few people raped it with botnets
5) its being promoted by paid shills and sock puppets. Check the usernames of the pepple on your free forums.

Keep hating, it only will make Quark more popular because people see how desperately some are trying bash it. You just don't want competition to your own investment. Quark is legit, stop whining. Their have been enough counter arguments to each point you are making. When BTC-e/BTC38 adds it you all will suddenly change your mind. LTC best example

Netnox

legendary

Activity: 2044

Merit: 1008

Quote from: LiteCoinGuy on December 09, 2013, 07:53:15 AM

Quote from: Rannasha on December 09, 2013, 05:40:44 AM

It got pumped by Max Keiser, but that's about it.

It offers nothing substantial over Bitcoin. It just has a good number of zealots promoting it.

thats it. this is pump and dumb. take a look at the stats of the coin... Roll Eyes

argh just stfu you hating noob. BTC and LTC are a pump and dump also but on a bigger scale you idiot. People said this whole bs about LTC the whole damn time. You guys feel threatened by Quark. Just fuck of will ya, you have your own agenda to pump LTC, I have BTC/LTC/QRK. Get of this controlling mentality to try to keep everyone in BTC and LTC. You guys are really making a bad name for BTC.

Topic: The whole quark thingy - page 2. (Read 2996 times)