<too much post>
Now I can hear you! I really don't have a great understanding about the inflation rate and where it should be. I will say, at current adoption, your level sounds too high.
BUT, as things pick up, I can imagine it making more sense. The match behind all this is beyond me and I'm not sure if the creator really went deep there (and Satoshi with BTC as well.)
As far as coins failing and such, I think we need to see some failures happen within the next year, as currently there is a lot of dilution going on. That said, there needs to be more
than 1 or 2 Cryptos imo. The reasons are vast but difficult to communicate for I intuitionally (not institutionally ;-) see the Cryptos organically interacting with one another in a manner not yet seen (but in years from now).
Looking forward to how this all rolls out,
IAS
The problem with a failure right now , it's how much impact will it have on the rest of the networks. Let's say a clonecoin dies. Nothing will happen , many have already died. Let's say a top 10 coin suffers a 51% attack and 18mil$ are turned to dust. All the pow coins will be doomed. There are some failures that even though you're learning something from them , are just so hard that you won't be able to recover from them. As for my inflation idea , I already stated , I have nothing better than that and I don't consider it the best around , even by far. |
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Maybe you are missing an important point. The bid size (at least on paper) on Gox is about 2.5x larger than on Bitstamp.
It's true that Gox has only 21% of the USD volume while Bitstamp and BTC-E have each 28%, according to bitcoincharts.
But Gox seems to be the only one capable to absorb a very large dump without crashing the price to double digits.
Gox is a very large dump. Can you stop trolling about a very large dump coming. You have no evidence to back this up. And besides, who would dump to Gox when you can't even get your money out of there, doh! Gox still has a large order book and bigger than most others right now. And gox is the exchange mentioned most of the times in news reports , not bitstamp.Thinking gox doesn't matter or that gox is dead is just wrong. Many have killed gox in 2012 and in 2013 and look , it's still there. That's because its the press and they are the last to know about anything. Gox is killing itself. In 2012 and early 2013 it was releasing funds to customers. Now it isn't. Order book is for show. Nobody takes it seriously. Have you got any coins at gox? Yes to the last question. I disagree with your other statements but I already said it in the previous posts , so I got nothing to add  Thinking gox doesn't matter is childish. So , how many coins you have on bitstamp or huobi? |
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Well , I support this. I clearly do. Why?
Cause the alt section is a mess.
Theymos did something for the alts , he has allowed sub forums , even though it's bitcointalk not altcointalk.
And the result :?
From one huge mess 4 new huge messes.
Mining pools , giveaways , new coins , second launch announcements in the announcement thread.
Mining pools in all the subforums.
Lots of coins have two threads in both ann and in the main subforum.
Giveaways everywhere , and as far as I've seen most of them are scams used to spam the forum to attract people to that coin.
And we should not even talk about random newbies with 1 post that infiltrate the other forums with "buy xxx " "xx coin is the solution".
I know it seems like a harsh decision but some rules need to be enforced here.
He's earning money from that.Why didn't they think about that when they ''allowed'' (rofl) alt-coins in the forum? You know , you're making some assumption here. I hope you're referring to traffic gained not to "%x , percentage of something" cause that might look like a bribery taking part. Care to clear things up? Also with an activity as big as mine (or should I say small as) you're pretty demanding. |
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Well , I support this. I clearly do. Why?
Cause the alt section is a mess.
Theymos did something for the alts , he has allowed sub forums , even though it's bitcointalk not altcointalk.
And the result :?
From one huge mess 4 new huge messes.
Mining pools , giveaways , new coins , second launch announcements in the announcement thread.
Mining pools in all the subforums.
Lots of coins have two threads in both ann and in the main subforum.
Giveaways everywhere , and as far as I've seen most of them are scams used to spam the forum to attract people to that coin.
And we should not even talk about random newbies with 1 post that infiltrate the other forums with "buy xxx " "xx coin is the solution".
I know it seems like a harsh decision but some rules need to be enforced here.
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Maybe you are missing an important point. The bid size (at least on paper) on Gox is about 2.5x larger than on Bitstamp.
It's true that Gox has only 21% of the USD volume while Bitstamp and BTC-E have each 28%, according to bitcoincharts.
But Gox seems to be the only one capable to absorb a very large dump without crashing the price to double digits.
Gox is a very large dump. Can you stop trolling about a very large dump coming. You have no evidence to back this up. And besides, who would dump to Gox when you can't even get your money out of there, doh! Gox still has a large order book and bigger than most others right now. And gox is the exchange mentioned most of the times in news reports , not bitstamp. Thinking gox doesn't matter or that gox is dead is just wrong. Many have killed gox in 2012 and in 2013 and look , it's still there. |
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why is quark dropping again?  I think quark needs more publicity cause it feels like it lives in the shadow of the new and big coins.  I can take a guess and it is bothersome. I am running an AMD FX8350 processor. Not running it real hot yet, maybe at 500khs, as I'm waiting for the CPU cooler to come. (Then it will be at 800) Anyway, I'm generating about 1 QRK a day, which is around 3 bucks a month in USD and the electricity to generate those coins, here in Germany, is probably 5-10 EUROS. Just an estimate. I think that is a problem in a few ways: 1 - Those with a free CPU to mine coins might choose one with a better return. 2 - It is expensive no matter how you look at it. If my math is off correct me. I'm long Quark and a Quark holder but we need a higher price to keep the miners going, at least in some locals. IAS It took you a while , but you finally figured out what I was telling people 20 pages ago.. With such a small reward per block nobody will mine this coin after the next two reward drops (to 1). Only the botnets. Well, it is not exactly a criticism though. The price is just too low (unfortunately). It is in a precarious place for sure. But, if the price doubles from here, roughly .20 QRK, then we are ok again. Hopefully these Cryptos start another move. But regarding your point - "With such a small reward per block nobody will mine this coin after the next two reward drops (to 1). " We will see. I still think the network will be supported, but the mining model at this price point doesn't work, for sure. Not a long term model but I will hang out and see what happens and support the network with 500kh/s. And remember, there will still be around 1,000,000 coins a year mined - so that should EASILY support the network (profit there). One more interesting thing - Mining is a hobby of sorts and done for more than money. Look at BTC, except for the first miners, buying BTC is ALWAYS better than mining it. I see that as being the same with other Cryptos most of the time. IAS At current price that's 78 000$. Hmm , even running a pool with 1% fee that's 780$/year and 65$ month and isn't quite attractive. So , how many computers can you power 24/7/ with 78 000 /year? Do the math , but the answer... you might be better not finding out. I'm in Germany, some of the highest energy costs I know of. I pay .30 kw/h. Now, there are MANY people that pay .10-.15 kw/h - that right there is break even to profit. And, as others have said, there are MUCH more efficient processors than my FX8350 (not efficient). And then there are a few with near free energy (work, certain countries, etc.) If you focus on why something won't work, that is what you will find. And vice versa.So, perhaps just open your perspective a bit, see both sides.  If you say your brakes works fine and you don't test them although lots of people tell you should. you might die in a car accident , thinking that everything is fine. It's obvious that quark dev rushed to mine all the coins too early and forgot the bitcoin principle that claimed tx fees would be able to maintain the network safe when the rewards goes to near 0. And now a solutions needs to be diged up in order not to get prisoners of a botnet and a 97% mining pool. Which is what is happening right now. Lots of people die in car accidents with brakes that are heavily tested. We are dealing with an experimental technology here - this is the testing. To talk as if we know what is best when the experiment has just started is a bit of a reach. Quark is a variation of BTC to a degree and is trying something different and in a variety of areas. Quite different actually and that is a breath of fresh air. I gave some pretty fair numbers regarding energy and mining and you skipped right over that. Now, it appears your opinion is set in stone, so I'm not sure what else I can throw your way. My opinion is open, I don't know but I'm taking part in this experiment understanding the risks. If you don't want to take part, or you do, then state your point and move on IF you don't care to discuss the alternatives. None of us know and to state that you do, at this point, is ignorance. The Botnet situation might or might not be an issue. It is certainly interesting, but not high on my list of worries. Something to keep an eye on though. But, there are many brilliant innovations and possibilities here to keep an eye on. So, I won't get lost in just the part that is unknown. I'll also venture into the positives of what this coin brings, which has been spoken about at length here and on the Quark forum. So, the difference between our viewpoints, it appears, is that "you know" and "I don't know". And I've heard it said before, by some very wise people, to be very careful of anyone who says they know... IAS How about a real solution? Instead of relying on people with high efficiency mining gear or people with "free " energy or living in qatar (? or kuweit?) - Increase the inflation rate to 1.5 % or 2% in the first year? - Impose a minimal transaction fee and enforce it? etc... cause I'm sure there are better ideas how to overcome this that I can't think about it , rather than ... hoping people will or might ? I see the cryptos as one big experiment but I don't like to see it fail , for any coin (other than pure copycats). Even if failure means we learn and might do better in the future , i don't like to see something interesting washed away. |
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Haven't we learnt from history that banning people from saying something Never ever works ? I know it's annoying but now instead of "reserved" people say "interested" or another one word like "cool"
I hated the reserved thing but really who cares, it's part of the free culture of this forum.
I just delete those too, don't bother me. People will learn once they get annoyed enough at having their posts deleted. And you guys that keep posting reserved in this thread, you really know how to run a joke into the ground. It was funny the first time, tenth time is just dumb. If you're gonna troll at least be original and creative about it. I always wondered if it's really ok to report those kind of posts. I guess you mods spot them fairly easily so would it be really helpful to report them or it will just add to the wasted time for checking my report also , for a post that might already be deleted? Also , there are people who don't learn , do you have any plans for a temp ban one guys who keep posting those undercover "reserved" posts? |
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Please , no more , please!!!
By the end of the year I bet we'll have more than 1000+ coins for singers , actors and pornstars at this rate
So what? I say go for it! Just because you're mining just one ALT-coin, doesn't mean ppl can't mine others. P.S: I'd always buy some JennaJamesonCoinWait.... nobody created it until now? This is a shame. |
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As surprising as it might sound from me, I might invest in Ethereum and get out before the pump phase is over. The basic idea is ingenious, I respect Vitalik very much. But until the role of Goldman Sachs hasn't been clarified I won't trust this project.
Have you read the terms ?? PEOPLE YOU MUST READ !! All coins will be locked for one year. You won't be able to sell anything before a year AND you won't be able to sell more 1/3 of your coins per year which mean that you will never be able to sell all your coins. In the meantime, 1000 new altcoins will be lauched. It will be a 50 years pump , don't worry |
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This is the worst piece of FUD I've seen in a while.
You didn't even bother to come up with this. Post something on reddit with a new fake account , use twitter for this or something.
And have some sockpuppets accounts confirm this or +1 for you.
Without this , it's just lame.
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Everybody will want to sell something with no risk of chargebacks.
I doubt there is a store owner of any kind that would advertise it supports chargebacks and really meaning it.
The problems is that the ones most interested in these kind of payments networks are... scammers.
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Please , no more , please!!!
By the end of the year I bet we'll have more than 1000+ coins for singers , actors and pornstars at this rate
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Sitting on 340 confirmations?? how many more do I have too wait +1 It's pot coin , one confirmation from a pot addict equals 0.0001 normal ones. |
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Still waiting for lolicoin . |
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Next is hot cocoa coin and biscuit coin.
Or are they already out in the wild?
Another clone of something with no real improvements whatsoever?
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So , another coin that died before being born?
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Noooo , one of my favorite coins died???
One I didn't mine and I didn't try to own even 1 BLO?
With both fellation coin and shitcoin dead , the end of the world is near.
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how come QRK processing of payments work if nobody mines it?
In theory you need only one miner for the blockchain to add transaction blocks. But to be sure that the miner doesn't get drunk and mess everything up Saturday night you need two. And to make sure those two don't team up you're much safer with 5. And so on... |
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why is quark dropping again? I think quark needs more publicity cause it feels like it lives in the shadow of the new and big coins. I can take a guess and it is bothersome. I am running an AMD FX8350 processor. Not running it real hot yet, maybe at 500khs, as I'm waiting for the CPU cooler to come. (Then it will be at 800) Anyway, I'm generating about 1 QRK a day, which is around 3 bucks a month in USD and the electricity to generate those coins, here in Germany, is probably 5-10 EUROS. Just an estimate. I think that is a problem in a few ways: 1 - Those with a free CPU to mine coins might choose one with a better return. 2 - It is expensive no matter how you look at it. If my math is off correct me. I'm long Quark and a Quark holder but we need a higher price to keep the miners going, at least in some locals. IAS It took you a while , but you finally figured out what I was telling people 20 pages ago.. With such a small reward per block nobody will mine this coin after the next two reward drops (to 1). Only the botnets. Well, it is not exactly a criticism though. The price is just too low (unfortunately). It is in a precarious place for sure. But, if the price doubles from here, roughly .20 QRK, then we are ok again. Hopefully these Cryptos start another move. But regarding your point - "With such a small reward per block nobody will mine this coin after the next two reward drops (to 1). " We will see. I still think the network will be supported, but the mining model at this price point doesn't work, for sure. Not a long term model but I will hang out and see what happens and support the network with 500kh/s. And remember, there will still be around 1,000,000 coins a year mined - so that should EASILY support the network (profit there). One more interesting thing - Mining is a hobby of sorts and done for more than money. Look at BTC, except for the first miners, buying BTC is ALWAYS better than mining it. I see that as being the same with other Cryptos most of the time. IAS At current price that's 78 000$. Hmm , even running a pool with 1% fee that's 780$/year and 65$ month and isn't quite attractive. So , how many computers can you power 24/7/ with 78 000 /year? Do the math , but the answer... you might be better not finding out. I'm in Germany, some of the highest energy costs I know of. I pay .30 kw/h. Now, there are MANY people that pay .10-.15 kw/h - that right there is break even to profit. And, as others have said, there are MUCH more efficient processors than my FX8350 (not efficient). And then there are a few with near free energy (work, certain countries, etc.) If you focus on why something won't work, that is what you will find. And vice versa.So, perhaps just open your perspective a bit, see both sides. If you say your brakes works fine and you don't test them although lots of people tell you should. you might die in a car accident , thinking that everything is fine. It's obvious that quark dev rushed to mine all the coins too early and forgot the bitcoin principle that claimed tx fees would be able to maintain the network safe when the rewards goes to near 0. And now a solutions needs to be diged up in order not to get prisoners of a botnet and a 97% mining pool. Which is what is happening right now. |
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why is quark dropping again? I think quark needs more publicity cause it feels like it lives in the shadow of the new and big coins. I can take a guess and it is bothersome. I am running an AMD FX8350 processor. Not running it real hot yet, maybe at 500khs, as I'm waiting for the CPU cooler to come. (Then it will be at 800) Anyway, I'm generating about 1 QRK a day, which is around 3 bucks a month in USD and the electricity to generate those coins, here in Germany, is probably 5-10 EUROS. Just an estimate. I think that is a problem in a few ways: 1 - Those with a free CPU to mine coins might choose one with a better return. 2 - It is expensive no matter how you look at it. If my math is off correct me. I'm long Quark and a Quark holder but we need a higher price to keep the miners going, at least in some locals. IAS It took you a while , but you finally figured out what I was telling people 20 pages ago.. With such a small reward per block nobody will mine this coin after the next two reward drops (to 1). Only the botnets. Well, it is not exactly a criticism though. The price is just too low (unfortunately). It is in a precarious place for sure. But, if the price doubles from here, roughly .20 QRK, then we are ok again. Hopefully these Cryptos start another move. But regarding your point - "With such a small reward per block nobody will mine this coin after the next two reward drops (to 1). " We will see. I still think the network will be supported, but the mining model at this price point doesn't work, for sure. Not a long term model but I will hang out and see what happens and support the network with 500kh/s. And remember, there will still be around 1,000,000 coins a year mined - so that should EASILY support the network (profit there). One more interesting thing - Mining is a hobby of sorts and done for more than money. Look at BTC, except for the first miners, buying BTC is ALWAYS better than mining it. I see that as being the same with other Cryptos most of the time. IAS At current price that's 78 000$. Hmm , even running a pool with 1% fee that's 780$/year and 65$ month and isn't quite attractive. So , how many computers can you power 24/7/ with 78 000 /year? Do the math , but the answer... you might be better not finding out. Quark will have enough support to be mined without miners thinking about profit for a while. We proposed a wallet that would automatically mine using a small percentage of your CPU so everyone with a wallet would be contributing to mining and thus confirmations. To use a small percentage of the cpu you still need the computer to run (24/7)...and power consumption comes not only from the cpu. An ATI 3850 consumes more power when idle than a core2duo. Intel® Atom processor C2758, SoC, FCBGA 1283, 20W 8-Core - super-saving CPU, integrated on the motherboard, consumes only 20 W.  For people who can't afford an extra 15$ per month... you offer the solution... buy a 500$ new computer. I see a problem with this , do you? |
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