so is QRK a direct competitor to the securecoin, released Aug? They advertise some 6 hashing dealio like quark does. I dont see them listed on coinmarketcap though. Their price on cryptsy seems to be orders of magnitude greater though
ETA: seems to be from the creator of digitalcoin, released in May, nowhere near market cap of quark
Securecoin has deflation model, it has limited coins, so it's susceptible to 51% attacks like Bitcoin.
Apart from this, wallets get lost; people loose coins. Quarks make 1,000,000 coins a year which protects against 51% attacks & replenish lost coins.
So if someone loses a wallet, and then 10 years later remembers their password, will all their coins be gone because they've been replenished?