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Great, I look forward to your findings when complete.
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I wonder what Bill Still thinks about Quark these days? I remember I invested some BTC to get like 500 QRK which I still own, and im pretty sure i've lost money. I reckon he and Max Keiser were pumping this coin and there was a big price uprise expected after the Bill Still interview on Keiser's show but nothing happened, the price as done nothing but keep going low since then. I think QRK is a good coin with a good community but the instamine thing is going to keep chasing them just like it will happen whit DRK (in fact it happens now).
But from my understanding, it is a fact that DRK was instamined. |
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Kolin isn't Quark.
Kolin does make some points on his blog regarding NXT and Litecoin. Its hard for some to admit but he has been right about Litecoin. You can see it now. Even Dogecoin. Shit, after Kolin's post about NXT I went and bought some. Why? Well my rational is, if people can forget about Bitcoin's premine, accuse Quark of having one, and then forget about pre-mining again with Darkcoin, Blackcoin, and NXT, then there is money to be made. He brought a lot of heat to Quark with the way he handles himself on posts, yes. But again, Kolin isn't Quark. If you ask him, he will tell you flat out what he believes is wrong with Quark and needs work. If your like me, you can read between the 'trolling' when regarding Cryptos. Social manipulation is strong in the Crypto community. Of course it is, money is at stake.
But no OP, Quark isn't a scam.
Here, the problems with Quark has been the Dev's communication with the community. This has gotten better in the last few months since there was an outcry and IMO the biggest problem is Quark's hashrate. Though a solution is in the works right now from the development team. Time will tell.
I'm no Quark bag holder, nor a heavy crypto miner. Just a long term investor and I stick to my crypto investment plan. With that said, I've bought enough Quark at this time. There is no denying that Quark is unique still to this day and can have a great future. Buy, mine or forget about it, your choice.
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And those "obvious" reasons are what?  I believe this has everything to do with sentiment, that is how prices of crypto currencies are established, supply and demand. The demand has gone down over the past 6 months and you can't deny it as the supply stays the same.. that is the point of difficulty. Supply hasn't stayed the same (supply released into circulation). You currently have over 30% of the entire network hashrate accounted for by just FIVE wallet addresses (solo miners). Over on Coinotron there are two miners with over 6 GH/s in hashrate each, and the next two on the list each have over 3 GH/s. That has concentrated an abnormally gigantic amount of the block rewards into a very few hands and they are all making a mad dash toward ROI, before the even larger hardware starts shipping this month and next, reducing their percentage of the network to a fraction of what it is today. But it is an abnormal condition for so few miners to have so much of the new coin production...and it won't remain the case as the network is taken over by ASICs and the hashrate redistributes to something approximating normal. The only other coin to have ever gone through this transition is Bitcoin...and it did it at a time when there were a LOT fewer eyes on it and a whole hell of a lot less money involved. Realistically, no other coin in existence could hold up under these conditions...but Litecoin has not failed. It has lost some ground in price denominated in dollars, but not nearly as much as one would expect, considering the rampant dumping. whooh wait a minute i didn't know that , maybe i will have to review that previous statement. that is an appalling concentration, say what you want about Quark pools but with SOLO miners, what? I couldn't agree more. |
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Is Quark dead?  Not in the least. |
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Much love and respect. Thank you. |
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