Hi niothor,
Are you a quark holder at this time. I'm not sure if you are pro qrk or not. Anyway, what do you think about the creation of a 30M super block to be held by escrows or foundation and released only for completed projects? Do you think it could work out or would you consider this a bad idea?
It seems only coins that have large development pots or have developers that devised ways to retain a lot of coins have active development and active communities.
Some people seem to think it's a good idea, i personally think if we could guarantee all the coins were put to great use for qrks benefit it would be great and get a lot more conversations going about how they could be best used.
I guess there would be some negatives to doing this but it could be worth investigating?
Hi cryptohunter
I am no quark holder but I can't say that i'm pro or against quark (the coin) , if we take the whole community yeah I dislike it.
I believed the coin had a few flaws from the start.
The biggest is the distribution model... you can see its effects right now with a block reward worth 2 cents.
What i disliked were the obvious pumps by the mk guy who then switched to maxcoin and now to startcoin and the obvious lies of the wow kid digitalindustry.
One example... he bragged 1 months about quarkpaymnets , we had a website with a timer , timer went to 0 and after 6 months we have still no service. This and much more.
About the 30m block. It's the nail in the coffin.
When a country is in debt , they don't have money to pay wages ,what does the central bank do? It prints money. Out of thin air. That's why they call them fake money , fiat money.
And this is what you are going to create. Value out of thin air.
Who will hold quark when maybe tomorrow you will decide to print another 500 millions?
Hi, thanks for reply Niothor
I do take your point with this never ending printing devaluing a currency eventually to zero. I do agree with the points you have made. However let me just explore this avenue a little more and discuss some of the details which i believe make your example less appropriate that it may seem at first glance.
1/ I do not think we can compare QRK to a country. We should compare QRK to other crypto currencies. They are very different. The biggest difference is that QRK will only ever decide as a community to expand their minting, and indeed unless people want to expand they will not use the new fork and the extra 30M would never exist. This guarantee's that QRK can never just add another 500M without favour from the majority of QRK holders. Country governments just do this on a whim and the people really have no say with it. Crypto is really like a true democracy with how it works. Also yes sometimes when governments print money out of this air it has negative effects on the currency value but very positive long term effects on the industry and wider economy of a country. Things like this are very complex and hard to really know fit they work well or not. In QRKS case it is different because unlike when countries print money they can not be can not be sure they will get positive growth in return. However with QRK we will only release the funds AFTER we see projects and services completed that will increase the price and interest in qrk.
2/ QRKs main issue there is no clear leadership and no funding to put full time leadership in place. Other successful coins have either a developer that took a large chunk of coins via premine, instamine or gets it from tax. MAX got next to nothing. Because if you look at the start, there were the usual linux whales like lamb that grabbed it all up. I do not know who max is but he is probably a talented coder with a good job. He has not the time nor the inclination to be a full time leader since he has probably no large stake here. He mostly vanished from launch day. However he did create an amazing coin that has worked perfectly up to now.
3/ We need full time leadership, we need people with coding skill and marketing skills brought on, but since there was no premine, no instamine that went to anyone still involved with quark at the foundation there is no funds for further developement. QRK is kind of different to 99% of crypto in that a LOT of the coins held are held by people that found out about QRK through bill and have just locked their qrk in wallets dreaming of the days it will magically become worth a fortune. Most crypto (perhaps aside from BTC) is held by miners, investors that are heavily involved with crypto and active in the community. This is why QRK appears and actually is less active that in should be. We don't know how much Bills investors have locked away, but looking at the wallets that never move it is a huge amount.
Most other successful crypto currencies have a driving force behind them either the dev with lots of coins to support his development or lots of miners and investors here that help push the developments on to enhance the value of their holdings.
The 30M superblock will never happen again, indeed no superblock or extra coins can be created without the majority of qrk holders being onboard.
This 30M (10%) is not going to flood the market in one hit and take prices down 10%. These coins will never even be released from escrow holders wallets until projects are completed and the price rises to a level that some can be released. The 30M for all intense purposes will not exist.
I hold still a big chunk of QRK and yes i will hold 10% less share in quark. However, the value of your QRK is the main concern not the % of QRK you own.
It should be handled a bit like this. Consultation of the qrk community and if in agreement.
1. / 30M super block mined and entire amount handed to a few escrow level members.
2./ community discusses important services and features it wants to see QRK have, be it poker rooms, some form of anon, QRK business and qrk shop set up, community manager and marketing manager elected and projects and goals set up for them with rewards set out for completion. ROI projects manager set up - this person should be in direct contact with bill to enable investment from large holders outside of the qrk community.
3./ Funds are only ever released from escrows on completion of tasks to the satisfaction of the community. Everything it fully transparent and open to inspection at all times.
The transition from the development pot to ROI projects should be the main goal here. However many things need to be in place before ROI projects are going to be attractive to outside investment.
This will also bring a lot more conversation and involvement from the community. I would like to see via bill and ROI projects a lot more active qrk holders involved with the planning and projects surrounding qrk rather than they have a few 100 bucks invested and have forgotten qrk exists. Yes it is in one way good they have absorbed a lot of qrk and so the price is easy to boost but they add nothing in terms of ideas and support. Having most of your coins holders outside of the usual crypto community makes it appear dead to this board. This board like it or not is still the main driving force behind the success or failure of a coin (not btc )
The end FACT is this, something big needs to change and change now with QRK it has put itself in a very vulnerable position. We have a dev that has no great financial interest or motivation, most qrk holders have invested and forgotten about qrk maybe even viewing it as a long term hold for years on end, and block rewards that make it of no interest to miners. This is a death spiral right there. The super block if handled correctly can change this all around. If i had my way i would make the superblock 100M. We need QRK in the hands of active and skilled people. There are plenty of skilled webservices developers and teams out there with no work. We need to get them into qrk and bring these teams on with goals they can achieve and will be rewarded for their work.
We need a skilled PR person. PR is the key to success of all business. Look at all these shitcoins with their whitepapers sucking BTC into them like there is no tomorrow. QRK's needs to bring on some talented people who have an array of skills. This combined with some purchasing of QRK induced by announcements and lots of active projects will turn this death spiral upside down.
I hope the QRK community will realise
NOBODY is going to donate anything ever. EVEN if a few did donate you have a few interested people. The 30M superblock is like a 10% donation from EVERYONE in QRK. That is why EVERYONE needs to be consulted and get back here and have their say on future projects/services and features.
I know people in the community have differences of opinion here, but let's put those old disagreements behind us know and just concentrate on QRK.
I would like to get a really good debate on the positives and negatives of this idea by known quark holders. We don't want a bunch of shills for other coins clouding it all up. A vote should then take place and we should press ahead with it. I can't take looking at C M C another day and seeing a bunch of shitcoins rising and QRK falling every single day.
We need some funds and some new blood, without it (in my opinion), kiss QRK goodbye unless something huge comes out of the blue. I don't like resting my future on lucky chances though, nice to take control and ensure QRK has some chance.
