a lot of people here sure seem to have a lot of hate forquark, I dont get that really, I am not a big fan of Quark, because of the instamining thing, but heey, why hate ?
Notice they generally have low activity levels and other alt coins in their sigs. Quite simply there is money to be made from doing what they are doing, no matter how ingenuous they may be.
For example, look at what adolf said regarding the early mine. That is/was a concern to me but I think it is a viable alternative, an experiment and we should look further at it, discuss it, don't just knock it.
Make the talk a conversation, 2 ways, not just bashing. Using an early mine has some potential advantages (and note, even with BTC there are very few holders having VERY large amounts). I wish I could have
gotten into quark sooner, but anyway I see how the distribution model in an early mine coin (that is ASIC resistance for a bit longer than most coins due to the multiple algorithms it uses) has certain benefits.
For example, the arms race to mine is now not quite as much on the forefront. Perhaps this can be both a good and a bad thing, but look at it, investigate it. Enjoy another experiment here. Also, the low price
as many coins were already mined are going to be VERY attractive for people wanting to get into something "cheaper" and "early", etc. People with many coins will sell some for sure and distribution will take place.
We'll see how that goes.
Somewhat related, the high reliance on the SHA256 hardware coupled with new hardware making the old hardware mostly obsolete means newer SHA256 coins are gonna get attention, clearly. (Kolin mentioned this.)
So, we are probably going to see a trickle from these SHA256 coins (and soon to be ASIC LTC's and other SCRYPT coins) into Quark imo. Due to most of it's mining already having been done (relatively speaking), I think it might be seen eventually as a store of value as it relates to the centralization of the ASIC miners. This in an unknown though, and it is all unfolding just beyond our view currently.
Some concerns - for sure - how will the network be secured relative to the lower (?) demand with mining? We will see. As Cryptos become more popular and more money flows in, you will see networks attacked, 51% attacks, DDOS, etc. happen and that will be needed and weed out the weak ones. How strong is our network? Bots a problem?
So, instead of bashing, I'll take some of my chances here and try to look deeper into something it sounds like, quite a few people don't understand, but seem hell bent on bashing. That pulls me closer...
And I get the feeling 2014 is really going to be an interesting year with the Cryptos.
Its about sharing
Well thought out ideas, I generally agree here .
