[ANN] [QRK] Quark | Core 0.10 upgrade

[reRaise]

we raise a substantial development pot

This won't work trust me, people are not so keen on donating to devs and we are talking about a pretty decent amount. Quark hashing problem needs to be solved, you can't have a successful Crypto without the needed security and merge mining seems to help with that. Premine with reliable core members as explained by quarkfx is going to be this development pot where technology such as for example sidechains or other features can be implemented.

Like quarkfx said: "We set up a pool with a fee of 1% that will be dedicated to the developers. Those of us who want to fund the developer agree on a mining plan that will give back to the developer. This way we actually pay for their work and give them shares of the currency at the same time, which will foster self-interest. We can also agree what their "base" work is and then pay them share of the bounties where every bounty needs to be democratically blessed by the Foundation."

[stompix]

we raise a substantial development pot

This won't work trust me, people are not so keen on donating to devs and we are talking about a pretty decent amount. Quark hashing problem needs to be solved, you can't have a successful Crypto without the needed security and merge mining seems to help with that. Premine with reliable core members as explained by quarkfx is going to be this development pot where technology such as for example sidechains or other features can be implemented.

Like quarkfx said: "We set up a pool with a fee of 1% that will be dedicated to the developers. Those of us who want to fund the developer agree on a mining plan that will give back to the developer. This way we actually pay for their work and give them shares of the currency at the same time, which will foster self-interest. We can also agree what their "base" work is and then pay them share of the bounties where every bounty needs to be democratically blessed by the Foundation."

People aren't donating 1 quark but do you expect them to mine (sorry what to mine) with an extra fee?
I hope you're not talking about quark mining here as there is no such thing.

[Coinmama2014]

we raise a substantial development pot

This won't work trust me, people are not so keen on donating to devs and we are talking about a pretty decent amount. Quark hashing problem needs to be solved, you can't have a successful Crypto without the needed security and merge mining seems to help with that. Premine with reliable core members as explained by quarkfx is going to be this development pot where technology such as for example sidechains or other features can be implemented.

Like quarkfx said: "We set up a pool with a fee of 1% that will be dedicated to the developers. Those of us who want to fund the developer agree on a mining plan that will give back to the developer. This way we actually pay for their work and give them shares of the currency at the same time, which will foster self-interest. We can also agree what their "base" work is and then pay them share of the bounties where every bounty needs to be democratically blessed by the Foundation."

+1 to everything above!

• Merge mine with new coin(with longer term distribution/value, and some new features)---> some method (community pre-mine or some version thereof to be decided upon) creates transparent infrastructure bounty pot,  while mining increases hashrate for Quark--->Foundation votes democratically on projects for spending on Quark development.
  
  
• Devs get paid through some separate mining pool percentage arrangement...maybe some larger amount for initial payment, and then continued %age, for as long as they stay involved (I suggest needing to demonstrate some involvement)
  

[maok]

we raise a substantial development pot

This won't work trust me, people are not so keen on donating to devs and we are talking about a pretty decent amount. Quark hashing problem needs to be solved, you can't have a successful Crypto without the needed security and merge mining seems to help with that. Premine with reliable core members as explained by quarkfx is going to be this development pot where technology such as for example sidechains or other features can be implemented.

Like quarkfx said: "We set up a pool with a fee of 1% that will be dedicated to the developers. Those of us who want to fund the developer agree on a mining plan that will give back to the developer. This way we actually pay for their work and give them shares of the currency at the same time, which will foster self-interest. We can also agree what their "base" work is and then pay them share of the bounties where every bounty needs to be democratically blessed by the Foundation."

Yes but that plan is very complicated. I think we just need some trusty quarkers from the community to create a Bitcoin multi sig address with 2/3 signatures and if people want to see Quark make a leap forward they'll donate and when a minimum amount will be raised that needs to be talked with the dev team they'll release it and funding continues. If that minimum amount is not raised through public funding of Quark related projects then those 2/3 trusted assigned community members will make the refunds back to those who donated. Much more simple plan and will show the support behind Quark.

The dev team could then work on implementing side chain technology and even create a side chain called QuarkDev on which miners will be able to support the dev team by different methods(% from block found goes to dev, or 1000 QuarkDev would be translated to 1 Quark using side chain technology, etc)

[quarkfx]

@stompix

When I was talking about a certain percentage on a pool I was talking about mining of the companion coin. Also I don´t know why people believe that there won´t be any donations to developers. I am 100% sure that there will be but until very recently there were a lot of doubts if we would be able to get in touch with Max Guevara and thanks to the dedicated work of people like Victor we did it and he even agreed to cooperate with others (which was in doubt before as well). So, I believe if there are donations needed (the developers never asked for donations) we will be able to raise them.

@maok

Multisig is a good idea. Basically what you propose sounds like a kind of Kickstarter for Quark. I know there are actors like Headfunder who may be usable for us in the future if its about collecting money and paying it back if the target isnt reached.

[silvermetal]

- How can the merged mining coin get value (will it be present at exchanges)?

I believe i have solutions here and yes it should be exchangeable.

- How will it attract miners to mine for the merged mining coin?

again sorry for being light on but i have a solution here,\i want to get into contact with Max first.

- Do you want merchants to accept the merged mining coin?

not specifically, but i think it will be inevitable.

- How will it be visible that Quark has a merged mining coin (possibility to hold both coins in one wallet?)

this is a great idea it is some work - but it would be great !

1+2. What are the solutions? Please let me know if you have spoken with Max
3. What is than the mission/vision of the merged mining coin? Or is it only some kind of reward for the miners, which they can exchange for other coins (most preferable Quark of course ;-) )
4. I guess Max has the skills to do that :-)

[cryptohunter]

Thanks quarkfx's proposal, coinmama and others(DI,VIC,reRaise etc) involved in this topic. Especially thanks cryptohunter for brought up the companion coin proposals etc
 
Yeah agree with silvermetal we still have a lot of things need to be ironed out, a lot of possible solutions need to be openly discussed.

I really like quarkfx's "Community Premine" + merge mine(other members proposals) + a companion coin  with  continuous innovation features  idea, you could sort of  think it as a way of crowd funding for Quark Project.

But since this will not be a quick nor easy answer we need more community members to actively involved and discuses it as well as general consensus!

So my proposal is why don't we, reverse the order,  do the Democratical Foundation part first?  If we can get enough interests and community collective intellectual brain power we sure can come up solutions for those difficult questions above..

My two Quarks

 

Thanks  Yes, it's great to see some new ideas getting discussed here now. I think together we can come up with something to turn this around. Yes with organic growth perhaps we should only be at the price we are now. However there is NO reason not to improve our situation. The end game i think is ROI projects which we all get involved in, discuss and get rewarded from. That should be the final goal.

Getting to that will require quite a bit of work. We need to bring back to the community investors that have just bought and forgotten they owned qrk. They think it is like stocks in a company where you buy them and other people will work hard to make you rich because they are getting paid a salary by the company you own stocks in. This is NOT the case with crypto like QRK. Yes, it may be the case with coins like drk or others where the devs are very hands on and motivated by the large stash of coins the instamine or premine provided them. I mean reaching MAX or hearing from him is like contacting TOAA in the marvel universe there are rumours that people speak with him and discuss things but really that could be myth and legend. There is actually NO single person leading QRK right now that has any contact with the community. Hence a ship with no captain.

So anyway, i see we need to solve these issues.


1. Elect a true community manager/s that have time/energy to unite the qrk community. VIC. DI ....some not scared to give things a try.
2. Bring back the investors holding qrk to discuss the future projects/services.
3. Solve the chain security issue.
4. Get some projects/services going. (funded by ROI or other ways)
5. Stop missing out on the hype trains that bring in new BTC and community members.
6. Start reaching out once more beyond the crypto communities
7. QRk exchange for fiat only.  No other crypto. No point reaching out and finding people that have not heard of crypto only to introduce them to 400 other coins.



Let's look at all options and see which one solves most of these whilst having the least negatives.


I say the superblock is still the best way i see it as a time machine only. All coins with active development have a development fund. This is like a premine of 10% but released only gradually in return for work completed. However i hear people saying it has will be seen as negative so let's skip the superblock idea even though i am yet to hear specific negatives. I am certain if announced with the work or projects ahead of time that it will go to fund. The price of quark will rise far more than 10% and way more than 1000% as the projects get completed.

Anyway since it just seems people are against it out of principle let's forget that for now although it would solve all issues except the chain security, even though over time if the projects cause a steep rise in price it could solve the chain security issue too.


Okay, the companion coin. Let's discuss the best way to bring this in. Premined and ipo sold only for qrk only. Sidechain claimable only over time by active qrk holders, combination of the two?, if it was not premined then some premine some merge mined? although i see not how merge mining benefits current qrk holders only other than to add security to the chain. However may be i am wrong and there are other benefits i'm not seeing. Hence let's discuss it. Would be great for someone to list down the pro/cons of each method.

The companion coin i see has zero negatives at all. All services, features etc that were ever developed for it could be applied to qrk and qrk be accepted as payment also on all services catering to the companion coin. I don't see that as competition... the companion coin could provide  - funding for features to be developed, services to be developed, create a dev pot, bring back disinterested qrk holders, bring in people that love hype and features with their btc and input, lead to much more interest in ROI projects, more activity = more back links more buzz. I see 0 negs if implemented correctly.

Max if he does not wish, needs to have nothing to do with the companion coin. We can bring in a totally new development/services/project management team. The premined companion coins and ipo qrk payments can be held by foundation in transparent wallets and used to pay off developers as they complete work.

First we need a leader. I say VIC or DI. If neither of those want to step up or think they are stepping on MAX's toes. Then MAX needs to just give them the Okay or get back here and take charge. Every ship needs a captain really, even though this should be a full community effort and if run correctly would certainly be one.

Let's just get on with something though. I mean let's thrash out the manner we implement the companion coin and go for it. There is nothing to lose, 400 coins and rising, 10 new shitcoins daily most are scams.

[silvermetal]

Now let me answer @silvermetal

How can the merged mining coin get value (will it be present at exchanges)?

Needs to be on exchanges, sure. Bittrex could be a good point to start. It is also possible that we woud need to create giveaways to get it on other mayor exchanges.

How will it attract miners to mine for the merged mining coin?

Well, why is it attractive to mine at all? We need to offer something, most important: a perspective. If the coin is good and we build a solid framework then people will jump on board.

Do you want merchants to accept the merged mining coin?

From my perspective on cryptocurrencies in the future people won´t accept one coin but rather whole sets like Moolah, so it would be rather the question if we should push it onto those services and I think we should do that. Or else: why not?

How will it be visible that Quark has a merged mining coin (possibility to hold both coins in one wallet?)

One wallet is a good idea. Beside this we can promote it on every channel we have in control (Facebook, Twitter, Homepage, Reddit, etc. pp.)

1. If it is at Bittrex, will miners not use it to just dump quickly for example btc? Shouldn't we use some more "Quark friendly" exchanges like QEX? The more exchanges the merged mining coin is present, the more places you have for miners "to dump" the coins.
It will only get value if alt coin traders will invest in the coin. Why would an alt coin trader invest in a merged mining coin?
I have had millions of pennies and had once millions of moon, which I could flush through the toilet, though it was present at many exchanges.

2. Well I am interested in the perspective, has anybody an idea for a good perspective?

3. Hm, I agree to a certain degree. Merchants who wants to accept cryptocurrencies has the most trust in btc, and do not accept other cryptocurrencies.  Just thinking loud...Quark doesn't have a transaction fee. Is there a possibility that Quark use the merged mining coin for transaction fees? Just an example: something cost 1000 QRK. Then you have to pay eg 10% merged mining coins (=10 merged mine coins). Then you force to a certain degree that Quark holders also hold the merged mining coins to perform payments.

4. :-)

One more question, how will the merged mine coin be distributed? In your proposal it is mostly distributed within the Quark community. Is the community large enough for this distribution or has it to go bigger than that.

By the way.. silvermetal (= aka as Orm).

[digitalindustry]

Just want to state here incase i haven't.


For me "pre mining" or any other "quasi scams" or anything that moves into the "trust us" system is out for my vote.


Alternative Crypto has descended a long way and the bar is very low this however doesn't mean we lower with it.

[quarkfx]

Just shortly because I lack time (traveling this weekend, weehee)

@cryptohunter

Okay, the companion coin. Let's discuss the best way to bring this in. Premined and ipo sold only for qrk only.

I didn´t think of IPO or sold for Quark only. Imho that´s not necessary. If the coin is premined it shouldn´t be given out just like that but dedicated to specific activities. This is the only valid and acceptable way to do premine. It would finally be a reward not only for keeping the network up but also for keeping the community developing. Both are important and I don´t see that even one coin did this kind of "premine".

With regard to the superblocks, please comment on the idea I am going to write down below.

@orm

Ah, damn, yeah, forgot it is you
@1 I mentioned Bittrex because it will be easy to get there and many traders use it. No matter where the coin is: people will dump. I see that happen on every exchange. We should be agnostic here. Would people invest? I don´t see why they won´t if both are distinguishable and if it is not necessary forver.

Also, we could integrate the superblock idea with the companion coin: The coin could run for 3 years and then the "experimental coins" are integrated in the Quark blockchain as superblock (or differently: people who hold the experimental coin will receive shares of the superblock. Idk...maybe just a thought. Need to think about it again.

@2 The perspective is a growing community and a stable hashrate imho. This is more valuable than anything else.

@3 Not sure if that would be too complicated?

@Distribution

Basically my idea was that it is distributed via mining but that you can ALSO receive coin for being an active member of the community. I believe the problem with premine is, that there is huge part of the whole amount that can be dumped at any time. If we distributed the community premine like a faucet we would have one motor to keep community activities up.  10% was only a number. It could be anything. It could 2 or even 50%.

[maok]

1. Elect a true community manager/s that have time/energy to unite the qrk community. VIC. DI ....some not scared to give things a try.
2. Bring back the investors holding qrk to discuss the future projects/services.
3. Solve the chain security issue.
4. Get some projects/services going. (funded by ROI or other ways)
5. Stop missing out on the hype trains that bring in new BTC and community members.
6. Start reaching out once more beyond the crypto communities
7. QRk exchange for fiat only.  No other crypto. No point reaching out and finding people that have not heard of crypto only to introduce them to 400 other coins.

1. Only 2 persons you qualify as being dedicated managers for Quark ? Its ok but can you ask them come forward and create a poll where we can vote based on their plan and maybe we can vote for both of them or others who come forward ?
2. Does anyone know who those investors are ? How to establish communication channel with them ?
7. You mean something like bitstamp for bitcoin, only qrk usd/eur ? QEX are not serious at all, they have alot of problems and even now I'm waiting for an quark withdrawal for more than 10 hours, website down last days, we need something trouble-free I agree.

the companion coin could provide  - funding for features to be developed, services to be developed, create a dev pot, bring back disinterested qrk holders, bring in people that love hype and features with their btc and input, lead to much more interest in ROI projects, more activity = more back links more buzz.

....

trash out the manner we implement the companion coin and go for it. There is nothing to lose, 400 coins and rising

The way I see it you want to create a new coin on top of those 400 and you think that will create interest & activity from old & new quarkers, but if its just another coin I don't see anything of substance there. However if the devs can create a sidechain technology then those companion coin would become a sidechain coin which will be linked directly with quark and will also help the network security. Think of it this way: on top of sidechain technology anyone can come and create their coin which they can mine helping the Quark network with their hashrate but without the ability of attacking the network, thus a sidechain coin called QuarkASIC could be created and asic miners can mine on that sidechain and 100 QAsic will translate to 1 Quark. I know the technicalities of creating such feature are very time consuming and hard to implement but then all the activity&interest will be based on something with substance which will attract new investors not on some other coin on top of those 400 which will offer no guarantees to those potential investors...

[Netnox]

First we need a leader. I say VIC or DI. If neither of those want to step up or think they are stepping on MAX's toes. Then MAX needs to just give them the Okay or get back here and take charge. Every ship needs a captain really, even though this should be a full community effort and if run correctly would certainly be one.

I definitely vote for Vic, he has proven himself to be a dedicated and respectful person. He had a major role in ShaqFu and knows how to steer things, after him i would say quarkfx, a talented, ambitious and also respectful guy.

[silvermetal]

@quarkfx, apologies for my identity confusion


2) I agree, without a community a coin is worthless.

3) I think it can be as both coins can be hold in the same wallet. Then it is just a way of coding, and with Max, one of the best (technical) coin developers, it is not difficult to implement. In this way you add some value to a coin, and correlate it to Quark (besides the hashing).

distribution:
I really like your idea. But to my opinion, at launch there should already some distribution to all quark holders (big and small). Just a small percentage, but that is the way quark holders will be engaged with the new coin. Thereafter they can earn more as indicated with you model.
When it is combined with the transaction fee, then people will not dump it directly at exchanges (without the merged mining coin they can't spend any Quark).

EDIT: I can imagine that it will be frustrating that you can only pay when you have merged mining coin available.
Maybe some other suggestions:
- if you haven't any merged mining coin available, than you pay a transaction fee in Quark
- or Quark is only transaction fee free if you hold xx merged mining coin

Or the other way around, to demotivate people from dumping the merged mining coin at exchanges:
- If you want to transfer out the merged mining coin from your wallet, you have to pay a Quark penalty.

Just throwing up some balls.

[Coinmama2014]

QUARK WALLET GUI WITH SOCIAL & MINING FEATURES UPDATE
Hello everyone- not to interrupt this discussion on a Merge-mine project at all, but I just wanted to announce that we have received another 10K pledge from QMAK(aka Maok here ) over on the Reddit for the Quark GUI wallet with social and mining features!! Please check out the link here, and think of how this wallet would play a significant role in any merge-mine companion coin projects we undertake. Thanks, and keep it going...and please pledge if you think this project is worthwhile- This is the type of infrastructure project that we need
http://www.reddit.com/r/QuarkCoin/comments/29pigg/testing_testingnew_quark_wallet_gui_in_the_works/

[digitalindustry]

First we need a leader. I say VIC or DI. If neither of those want to step up or think they are stepping on MAX's toes. Then MAX needs to just give them the Okay or get back here and take charge. Every ship needs a captain really, even though this should be a full community effort and if run correctly would certainly be one.

I definitely vote for Vic, he has proven himself to be a dedicated and respectful person. He had a major role in ShaqFu and knows how to steer things, after him i would say quarkfx, a talented, ambitious and also respectful guy.

i don't know what we are voting on but i agree with that - Vic is a great leader of the community .

he is a bit time starved but.

[Q7]

All of these are getting way too complicated...

Anyway here's my idea... if u guys really bent on companion coin it has to be something like this.

The coin has to have a fixed exchange rate to quark. It means 'pegging' according to economic terms. I will call the coin "quill" if this idea goes through... so 1 quark is always equivalent to 10 quill no matter where u go. The exchange rate to other alt coin can free float but to quark it remains the same.

To implement this fixed exchange rate idea, the quill has to integrate some codes to tie to quark without altering quark. Else if can't be done, another option is we have to create a centralized exchange rate at quark.cc meaning that in open market you can exchange quark to quill vice versa at any rate but over at central. It is tied to 1 quark to 10 quill.

To preserve quill value we need to consider the distribution time frame to stretch longer. 10 times than quark 6 months. So if quill  value goes up, so does quark because it is pegged at fixed exchange rate.

Hey guys, anyway if u like the idea can donate some quarks. Thx

[silvermetal]

All of these are getting way too complicated...

Anyway here's my idea... if u guys really bent on companion coin it has to be something like this.

The coin has to have a fixed exchange rate to quark. It means 'pegging' according to economic terms. I will call the coin "quill" if this idea goes through... so 1 quark is always equivalent to 10 quill no matter where u go. The exchange rate to other alt coin can free float but to quark it remains the same.

To implement this fixed exchange rate idea, the quill has to integrate some codes to tie to quark without altering quark. Else if can't be done, another option is we have to create a centralized exchange rate at quark.cc meaning that in open market you can exchange quark to quill vice versa at any rate but over at central. It is tied to 1 quark to 10 quill.

To preserve quill value we need to consider the distribution time frame to stretch longer. 10 times than quark 6 months. So if quill  value goes up, so does quark because it is pegged at fixed exchange rate.

Hey guys, anyway if u like the idea can donate some quarks. Thx

Agree to keep it simple, and I like your idea about a fixed price.

How will qrk.cc be able to exchange quill for quark to miners? I expect (especially in the beginning) that miners want to exchange quill for quark more often than the other way around. So you need some kind of a Quark buffer? Any ideas about that?

[maok]

All of these are getting way too complicated...

Anyway here's my idea... if u guys really bent on companion coin it has to be something like this.

The coin has to have a fixed exchange rate to quark. It means 'pegging' according to economic terms. I will call the coin "quill" if this idea goes through... so 1 quark is always equivalent to 10 quill no matter where u go. The exchange rate to other alt coin can free float but to quark it remains the same.

To implement this fixed exchange rate idea, the quill has to integrate some codes to tie to quark without altering quark. Else if can't be done we have to create a centralized exchange rate at quark.cc meaning that in open market you can exchange quark to quill vice versa at any rate but over at central. It is tied to 1 quark to 10 quill.

To preserve its value we need to consider the distribution time frame to stretch longer. 10 times than quark 6 months. So if quill  value goes up, so does quark because it is pegged at fixed exchange rate.

I agree, however no one will be able to control the economic aspect of that new coin in relation with quark even if you'll create a centralized exchange rate. If you want that new coin to be pegged at quark value with 10:1 ratio you need something build-in like the sidechains technology which won't be subjective to economic manipulation and will always translate 10 quill to 1 quark. You can then allow asic miners on that coin, gpu miners, etc because even if they control 100% of the hashrate power of that sidechain they won't be able to attack the quark network.

Instead of pools we'll be able to have lots of sidechains on which different quarkers will mine the one that gives them the best value, for example there could be the official quark sidechains released by the foundation with a 10:1 ratio with a percentage going to developers, and on top of that anyone could build a sidechain coin but will have the standard ratio of 100:1. That way people have options and will be attracted by the new technology with all sort of miners joining the most profitable sidechain based on their mining equipment. To implement this would be a big challenge but without a protocol controlled ratio you rely on free market and you would go in a funny situation when that companion coin will surpass Quark and instead of saving Quark you'll bring quarkers into a dust storm.

[Q7]

The centralized exchange center has to be managed by some one. Perhaps quill developer. Quark.cc is just a random example. If quill one day becomes a reality, she should have her own developer site and the exchange center that manage the fixed exchange rate.

All of these are getting way too complicated...

Anyway here's my idea... if u guys really bent on companion coin it has to be something like this.

The coin has to have a fixed exchange rate to quark. It means 'pegging' according to economic terms. I will call the coin "quill" if this idea goes through... so 1 quark is always equivalent to 10 quill no matter where u go. The exchange rate to other alt coin can free float but to quark it remains the same.

To implement this fixed exchange rate idea, the quill has to integrate some codes to tie to quark without altering quark. Else if can't be done, another option is we have to create a centralized exchange rate at quark.cc meaning that in open market you can exchange quark to quill vice versa at any rate but over at central. It is tied to 1 quark to 10 quill.

To preserve quill value we need to consider the distribution time frame to stretch longer. 10 times than quark 6 months. So if quill  value goes up, so does quark because it is pegged at fixed exchange rate.

Hey guys, anyway if u like the idea can donate some quarks. Thx

Agree to keep it simple, and I like your idea about a fixed price.

How will qrk.cc be able to exchange quill for quark to miners? I expect that miners want to exchange quill for quark more often than the other way around. So you need some kind of a Quark buffer? Any ideas about that?

[Q7]

I understand your concern but what I'm throwing to the community is something simple. Quark will always be quark, quill is quill. Even the codes are not linked up by sidechain nor requiring quill to be tied up when paying with quark.

they will be separate but only thing different is the exchange to connect both together.

If quill one day becomes so attractive people will acquire quark to get it. And since quill developers manage the fixed exchange rate we have some form of control

also to fix the economic model, quill max quantity has to be capped. If it is capped, value will change due to supply issue. However quark is adjusted based on inflation. When quill supply decreases it will impact quark demand. And dont forget quill exchange rate is fixed to quark

All of these are getting way too complicated...

Anyway here's my idea... if u guys really bent on companion coin it has to be something like this.

The coin has to have a fixed exchange rate to quark. It means 'pegging' according to economic terms. I will call the coin "quill" if this idea goes through... so 1 quark is always equivalent to 10 quill no matter where u go. The exchange rate to other alt coin can free float but to quark it remains the same.

To implement this fixed exchange rate idea, the quill has to integrate some codes to tie to quark without altering quark. Else if can't be done we have to create a centralized exchange rate at quark.cc meaning that in open market you can exchange quark to quill vice versa at any rate but over at central. It is tied to 1 quark to 10 quill.

To preserve its value we need to consider the distribution time frame to stretch longer. 10 times than quark 6 months. So if quill  value goes up, so does quark because it is pegged at fixed exchange rate.

I agree, however no one will be able to control the economic aspect of that new coin in relation with quark even if you'll create a centralized exchange rate. If you want that new coin to be pegged at quark value with 10:1 ratio you need something build-in like the sidechains technology which won't be subjective to economic manipulation and will always translate 10 quill to 1 quark. You can then allow asic miners on that coin, gpu miners, etc because even if they control 100% of the hashrate power of that sidechain they won't be able to attack the quark network.

Instead of pools we'll be able to have lots of sidechains on which different quarkers will mine the one that gives them the best value, for example there could be the official quark sidechains released by the foundation with a 10:1 ratio with a percentage going to developers, and on top of that anyone could build a sidechain coin but will have the standard ratio of 100:1. That way people have options and will be attracted by the new technology with all sort of miners joining the most profitable sidechain based on their mining equipment. To implement this would be a big challenge but without a protocol controlled ratio you rely on free market and you would go in a funny situation when that companion coin will surpass Quark and instead of saving Quark you'll bring quarkers into a dust storm.