http://www.reddit.com/r/Bitcoin/comments/1su2aj/the_scam_behind_quarkcoin/http://forum.qrk.cc/user/617https://twitter.com/EntropyExtropyentropyofdays
I'm hijacking the top thread just give my 2 cents. I became a dev of Quark two weeks ago because I wanted to help turn that ship around. A lot of honest people put their money into Quark at Bill Still's direction and I thought that it could be saved.
I pushed for an audit of the blockchain (
http://forum.qrk.cc/thread/368/auditing-block-chain), and what we've found (
http://forum.qrk.cc/thread/568/quark-faqs-compiling-fact-sheet) is incredibly disheartening. We lost a very dedicated member, who also happens to be a professional Forex investment manager, because he became convinced, like I have, that, not only are the fundamentals flawed, but the development, or lack thereof, of the project has been carried out in a very, very shady way.
I went to bat for the Quark project not because I believed that what Kolin was saying was true, but because I was willing to give the project the benefit of the doubt. Unfortunately, all of the quantifiable metrics have proven it to be just as it is. And it saddens me to say that, but it also bolsters my resolve because the community came together to, a) fix what could be fixed, b) prove what should be proved regardless of project allegiance.
Unfortunately, there is no 'fixing' the Quark project. Both Kolin and Max have disappeared again.
I want to point out that there's no problem with having alternate cryptocurrencies. If anything, the crypto-development community must mirror the Linux development community; forks and small projects experiment with features that the mainstays (in this case, Bitcoin) can't because of their industrial adoption. Cryptos are a good thing; scams and pump-and-dumps are not.
edit: I'm willing to talk more in depth to people about these issues should they want.
edit edit: I also want to say that the community came together in an astounding way to kickstart development, only to be, if not in word than in action, rebuffed by kolin and Max. The folks over at the quark forum have dedicated an inordinate amount of time on a volunteer basis doing what should otherwise be paid development (in PR/Branding/Graphics/Bug fixing) and it's an absolute shame that none of the 'large holders' of quark came out of the woodwork to support them. That says something.
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