Topic: Why Quark is a loser in 2014, Doge is a winner, and how this relates to Vertcoin - page 3. (Read 6868 times)

Vertcoin is a smart bet.

Anytime people complain about Litecoin ASICs people will mention vertcoin, in the same way Litecoin got a boost from Bitcoin ASICs,

Crucially, Vertcoin is ASIC resistant whilst still being accessible to GPU miners. And of course it has the Kimoto gravity well difficulty adjustment.

I'm a Litecoin holder and supporter but they are too scared to make the necessary adjustments to Litecoin that the Litecoin community has voted for time and time again. This is why Vertcoin is gaining traction.

It's actually more complicated than that.  Doge was way more front loaded than most other coins, with the exception of quark (dump truck method), NXT (full premine), and Doge blocks are going to taper down faster than most other coins as well.  This means that even if you purposely designed Doge to be inflationary, it can still be less inflationary than other coins for the foreseeable future...

Heeeey is Baritus and the team making another currency in my honour ?

Digitalcoin is pretty cool, what's the new one ?

* there is no possibility that I'm reading the topic , zero .

This, these damn shibes are gettng annoying.

lol, so if I created a coin right now and used that same algorithm but added 10 rounds of hashing instead of 9, my coin would be considered unique? That's just silly.

Your article made me want to buy BTC and dump doge.  Doge may get used more, as it looks like a survivor at this point, but without the limit on the number of coins you would always be better off holding bitcoin.

The Doge developers should have done what they said they were going to do and cap it at the 100 billion.  Even that is probably too many coins.

I understand the benefits of inflation and would have had no objection to them not having a cap, but you should do what you say you are.

Lies. " Sifcoin authors did not add a copyright notice. I ADDED a copright notice for Sifcoin to acknowledge their contribution. Baritus did the opposite and removed the Quark copyright notice." This came from Quarks dev himself.

Also Quark is different than sifcoin.

1. Instead of 6 rounds of hashing, 9 rounds of hashing, with 3 of the rounds applying a random hash algorithm.
2. Different difficulty adjustment algorithm.
3. Different reward calculation algorithm.
4. Quark supports transaction comments (similar to Florin). This functionality will be exposed in the UI and RPC interface in a future release.

Go spread fud somewhere else.

Ah I stand corrected. I wouldn't say "stolen", seems Quark was leveraged from SIC(?) coin. Interestingly SIC didn't go anywhere, and died by the vine(?). This is offtopic but I'm kind of curious why SIC died. Perhaps the developers refocused their time on Quark.

Thanks for replying to my post without actually having read any of it.  I specifically stated, "Contrary to what the topic might look like, I'm not saying Doge is a good buy".

I stated that while the price of Quark is currently going up, and Doge going down, Quark is actually in a worse position than Doge is.

How many people are going to post in this thread pretending like having a PoW coin with no miners that uses central check pointing is a good thing?

Quark algorithm is not unique, it was stolen from Sif coin.

dogecoin mined 6.5% (12B) in 3 days. there is no way dogecoin should be a long-term "valid" currency. Early speculators who own millions of the coin are jumping up and down sucking in newbs. If you're a newb that bought a couple million of these... sry mate you got suckered.

as for quarkcoin, sure it also had an early high reward but this was over many weeks (if not months). It wasn't a 3-day sucker like dogecoin

lastly dogecoin = scrypt, not unique, clone, built for the gpu farms. quarkcoin = cpu, unique algorithm built for the masses.  The gpu farm guys absolutely mined the @#$ out of dogecoin in the first 3 days.

In short, the gpu guys took your dogecoin, your btc, and probably your kitty cats when you weren't looking.

No, I actually have nothing against Quark.  I investigated it in an unbiased manner to see if I should buy some just to cover all my bases.  My personal analysis of the coin's fundamentals was grim, and just about anyone I saw talking about the coin in the Quark community, even pro-Quark people, all agreed that the coin is currently not in a very good state.

http://www.reddit.com/r/QuarkCoin/comments/1wa1v3/real_problem_for_quarkcoin_future/

If you want to keep the coin forever check pointed, then sure...you can ignore those criticisms, but most people don't want centrally check pointed coins.

The Quark moderator flat out loses in technical point discussion to that guy, no name calling or anything.  And after his presentation, all they come up with is "Please don't attack our moderators and spread FUD in our community."   You got to be kidding me.  They're basically admitting the coin distribution model is broken, but it's rude to talk about it!



It might be genius if it was a proof of stake coin, but it's not.

^^ That doesn't prove anything, look at a smaller Doge timeframe then you will see what i mean. Also Quark had a huge uprise, you can compare it to Bitcoin rocketing to $266 and coming back. Quark is now rising more steadily and healthy and thats how it should be. Also that Quark graph happened to every coin it was when Bitcoin/Litecoin and many others crashed down. Doesn't only apply to Quark

What a bunch of bollocks from OP. It's clear he is trying to spread fud to promote his own coin. He probably fears Quark since it's a contender and is growing rapidly.
That's why he is desperately trying to bash it.

First of all, your doubts are pretty much debunked in this thread. Here someone has similar questions like you without being an ass. http://www.reddit.com/r/QuarkCoin/comments/1wupg6/those_of_you_who_mine_quarkcoin_why/

Second QRK is designed to give less emphasis on mining incentive due to its rat-race of over emphasis on mining (Bitcoin's mining arm-race) which is not the only main reason that a currency exist. Also it makes the constant dumping by miners less effective because of it's model.
Mining has become controversial and sensitive issue due to rat-race of rich miners (ASIC rigs cost 10-15K), environmental hazards, PnD scheme etc. Mining is just an aspect of coin's feature not a zero-sum game. That's why Doge is desperately trying to change their algorithm to scrypt-jane because of their fear for asics, guess what Quark already thought about that and didn't just blindly copy and past LTC to regret it after.

Quarks distribution model is genius, because it needs a low daily maintenance cost to keep it's current price. Even if it would hit $1 now, it would only need $11,000 to maintain it's price, even less when the block reward halves. Again this is made possible by it's well thought economic model, where doge does horribly since it needs over $1million to maintain it's price, that's why it crashed from 230 to 130 causing many naif investors to get burned, because of it's flaws. They cared more about tricking people into believing that they have many coins which is causing problems right now.

Doge is just Feathercoin 2.0 with tight spreads and big sell walls, making it very hard to bypass. Without a meme it would have been faded into obscurity. Quarks infrastructure and community is only growing. Get your flaming elsewhere shibe.

Two words: Irrational Markets

To put it simply and concisely, we all know that different markets act and function differently. There doesn't necessarily have to be a reason for something to spike, although usually those things have strong fundamentals. But you can never count out something just because it goes against the grain.

Source?

No I didn't think so! You should wait until the end and have wasted much more of peoples time before you come out with stuff that even a three year old would find hard to believe!  ROFL! 

People are going to read too much Keynesian in that statement, I should have made myself more clear.  The goal is just to keep a non-zero block reward indefinitely for block chain security that would also not negatively affect inflation in any meaningful way.  As you said, the point at which that happens is a long way off and not something anyone should be concerned about for short term, or even long term price value.


If you read what I wrote, or know anything about crypto, you would know Quark is even worse off than Doge.  Quark has checkpoints for a reason.

I didn't read his piece of shit writing, but I know about cryptos.

Quark's rise is not surprising this week. It was directly linked to China. Some of our American alt coins are dominating in China - and we can't figure out why the Chinese choose specific coins - but Quark is one of them. They are also massively trading some random coins not on our popular exchanges. Still, its interesting that the Chinese like Quark so much.

Doge has a flawed economic model (if you plan on investing) although I support it because of how great they are for the crypto community! Keep getting newbs into cryptos with Doge, and let them learn how/where to invest later.

Whahah read youre message back in a few months and you will see that youre so wrong!