I ironically commented previous post.  Ah ok, sorry... My mistake...  So we agree! |
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So, nothing will be changed, we will have 2 coins with mostly the same relations, % of supply, between owners. And we have to prevent dumping. We can't prevent dumping of one coin. We will have another chance to fulfill our holy duty. Fun is here. Why? Why for crying out loud do you have to prevent dumping? Let the dumpers dump, let the fools give their coins away for basically nothing. The thing is, dumping can't go on forever, because the coin supply is pretty limited, so this will go away naturally. Just wait. It just boggles my mind that I hear people here talk about new features they want to implement to "PREVENT PEOPLE" from doing whatever the hell they want.You don't prevent people from doing ANYTHING in a decentralized economic system. That goes against EVERYTHING satoshi ever dreamed about. Don't mess with freedom. If you think that dumping is stupid, do the following: 1)Buy those coins for cheap. Sell them only at a much higher price. 2)Mine coins yourself, to limit the amount of coins away from dumping miners. Sell those coins only at a much higher price. It's THAT simple... no restrictive coding required. (Again... this notion of "restrictive coding" inside of decentralized cryptocurrencies... it baffles me... it totally baffles me) |
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No, it would be written into the code and unalterable except by a developer fork. The reason they mature slowly is to stabilize the coin supply and prevent massive dumping. Additionally, slow coin maturation encourages investors to stay involved with the coin for the long haul, rather than just looking for a quick pump & dump. However, you should also remember that your percentage of total coin supply will not change during the initial phase of coin distribution, so your relative Core wealth remains the same no matter how many coins have matured.
But why would you want to prevent people from doing whatever the hell they want to do with their money? This is already where you lose me. Let the people dump, they can't dump forever... let the coins go from weak hands to strong hands. Again: why should anyone want to prevent people from doing with THEIR money what THEY choose to do, voluntarily. It's everybodies "god given" right to dump their money or throw it out of the window or give it away for free. a)Why do you have a problem with this? b)Why do you want to implement solutions that will restrict voluntary actions of people? Seriously, from a free market perspective, this whole maneuver is horrible. It's also not the protocols job to "encourage investors" to do anything. This should be outside of the coin protocol NOT inside. (Meaning: you can encourage investors anyway you like, as long as its on your free time and effort, and not some new feature of the protocol that forces us to participate if we want to or not) Also this here... ...so your relative Core wealth remains the same no matter how many coins have matured....
... sounds like protectionism. Again... WHY should your relative core wealth stay the same... That's NOT natural. Your wealth should be exposed to market forces and not "protected" by anybody. Seriously, stop thinking in this statist government way. |
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Seriously, can someone summarize in a few words or sentences what this whole Proof of Burn is all about?
And why we should need it, instead of just building serious business around quark?
It's a new coin allowing Quarkers to leave the community without losing their share. Parts of the community have no interest on working on quark anymore due to issues with lack of dev support, lack of professionalism from kolin and some quark flaws which are hard to fix. I myself will lose $140k on quark if i would sell now and the mentality of "don't worry guys price will go up next Bitcoin bubble" is just wrong and not guaranteed at all. It could happen but it goes for all alts including the coin these guys working on. I think max is now much more active than before, so "lack of dev support" shouldn't be a problem anymore, yes? Lack of professionalism from kolin? Who cares about his antics. Last time I checked the quarkcoin logo, his face isn't on it. What are those "quark flaws" you are talking about? Can you be more specific. Low hashrate is NOT a problem of the protocol. Low price isn't either. Other than that, I agree with you... just hoping that QRK will rise in an eventual next bitcoin boom is wrong. It is possible that we have no boom at all, it is also possible we have a boom without positive effect for quark too... there are many possibilites. Ofcourse, people have to get active themselves and stop believing that they will become rich without reason. They must create a reason. (e.g. I am working on an idea to use quark as a means of funding for software creation (I am a programmer that would take QRK)... will tell more soon, in the meantime enjoy my GIFS) |
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I agree with you in part but I think there's more going on. Miners are having a hard time so they have to sell more and more of the coins they're mining which creates a selling begets selling environment.
Then Bitcoin looks like it's about to take off so more and more people are dumping alts to get on that train ride.
All of this, plus the impatience you mention, adds massive sell pressure. This is why it's a good idea to drop the subsidy and max coin supply if it's possible - it will minimize the selling pressure.
I also agree this is the time you stack as many quark and alts that you can afford. I think one can easily make 10-100 fold more off the right alts than if they bought straight BTC.
Cheers!
If you are a miner and somehow believe in the LIE that you have to sell all mined coins IMMEDIATELY then you will not be in the mining business for a long time anyway. Imagine a world where every miner kept their coins for atleast a month before selling, and they would always ONLY sell at slightly higher prices than what the market says,... well we would see a completely different price picture. I mine all the coins that I own, not because mining is profitable (hasn't been in a long time)... but because this is the reason why my wallets have value IN THE FIRST PLACE! |
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If it happens this september or 2016... I don't care. Because I am patient.
I hear ya, but I'm hoping for this year simply cause until Bitcoin pops all alts will continue to go much lower. I like the idea of buying lower but I said that last month and now I'm down another 75% nearly across the board which is a massive loss. One more month or two of being able to buy this low would be great, though. So obviously the reason why all altcoins continue to go lower is because of impatient people who are in it for the quick buck and are now continuously selling and selling, and therefor creating a negative feedback loop. But cryptocurrencies are here to stay, and even with a reduced hashrate and not so big community a coin can survive and succeed in the end. So, I look at low prices as some form of punishment for the impatient people and reward for the patient ones. Keep stacking quarkcoins. |
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mistake, 30 ksat I agree with you. Quark will go to 1$ soon. (next few years, I am patient) If quark hits $1 it's gonna be in the next few months not next few years. The next crypto boom should start by the latest September and if not, then nov should see a massive ETF fueled run for Bitcoin which should drive all alts. Cheers! If it happens this september or 2016... I don't care. Because I am patient. |
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mistake, 30 ksat I agree with you. Oh, you mean the all time high? lol It really depends, but I think we will see Quark go to 1$ soon. (next few years, I am patient) |
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Investors are already "rewarded" buying up to 3000 sat.
+1 Exactly. I am happy about the low price now, and I know that this opportunity will soon disappear, and prices will soon rise again. Why are some crypto people so impatient? And make all kinds of strange manipulative plans and intrusive demands? This baby is about a year old, for crying out loud!!! Let it grow! There is no better indicator of a coins value than the free market. Quark has a low value because it deserves it. That's what you call price discovery, that is the exact price that quark deserves now. Quark's price will grow when people use it for serious business. (I have some plans myself) And only then. So help create serious business, NOT this kind of shady protocol manipulation that would make the FED proud of you.
I'm impressed with the draft, what i like about Peter is that he as an ambitious dev (or one of the devs) of this coin who is connected to the community and is a strong favour of transparency, this alone build trust.
I invest in cryptocurrencies so I DON'T NEED to trust other people IN THE FIRST PLACE. Seriously, can someone summarize in a few words or sentences what this whole Proof of Burn is all about? And why we should need it, instead of just building serious business around quark? |
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What tools do you use for creating your pictures and animations? Flash, Actionscript for animation + FFMPEG (thru commandline) for good GIF compression. Though I might use GIFs someone else created on the internet, and reuse them (apply QRK logo on it, etc...) as I have done for darkcoin and mazacoin, etc... Also as someone else here suggested I might use battlestar galactica or star trek snippets and playfully jam with the QRK logo, lol. Possibilities are endless. |
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Anybody think Quark is gonna pull another 2,000 fold jump this next boom? Lol
If quark survives and keeps on growing, it will reach 1$ per QRK eventually. That I am sure of. |
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Thanks for everybody who donated.
I will continue experimenting, to find out what stylistic elements (and memes) go well with quark.
(I think certainly science fiction and space in general will go well with quark)
If anyone has serious suggestions and feedback, I welcome it.
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How deep is this deep? All asking for donations See me 1 posts before I don't care how deep... Should Quark go to 1 satoshi I will simply buy all available coins for 2 BTC... (if people are willing to sell ofcourse).... |
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I made a Mooncoin chart some time ago.
...
Essentially, we are still in the hyperinflationary phase at the beginning of the chart. With some 137 billion Moons issued, about 1/3rd of the total Mooncoins have been issued with a steep issue continuing until we reach 200 billion Moons. After that, the rate of issue declines significantly.
Please note that you are looking at a chart for 21.7 years. Reaching the first 200 billion Mooncoins takes about 1 year. The time of investing is NOW.
Thank you, that's exactly what I was looking for. |
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Does anyone have an approximate date when all the mooncoins will be mined?
In what year will we have mined the 384 Billion coins, and since this is not a fix limit but blocks will continue to be generated later on.... how much will the yearly inflation be after 384 billion coins have been reached?
Thanks.
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The sell depth is pretty low so it could easy be pushed up again with a small amount of btc
You are right.... such illiquid markets are very easy to manipulate. |
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