[ANN] [QRK] Quark | Core 0.10 upgrade

[silvermetal]

Sounds logic what you tell. Why do you think that btc38 needs such a large cold storage? Is that normal for an exchange? and do you think they have that large cold storage for every coin they trade? And how did btc38 obtain those coins?

What are conglomerates? I missed that story...

we can't tell for sure if its btc38, but its an exchange or a mixing service. The educated guess tells me it could be btc38 but why would they buy so much Quark ? Well lets say you want to provide liquidity to your markets so that you attract a large portion of traders of that currency, how would you do that if not by using your own resources(look at VOS, coins-e, etc little liquidity => few customers). There are lots of linked addresses with that one from 1-5 December so most likely they bought the quarks back then until opening their service(Qrk was #3 back then if i;m not mistaken)

mining conglomerates are those powerful miners which have contracts for selling their mined coins off-exchanges at premium cost and also doing lots of shady activities(mainly manipulating price). This can be seen perfectly in Bitcoin in recent months when good news after good news and still the price was under control by these forces which can profit from weak hands in the market. In Quark we don't have this kind of problem so we're one step ahead, however our network effect is so small that it doesn't matter that we offer an improvement version of Bitcoin because the train has already left the station so we have lots of catching up to do, especially since Quark hoarders are doing nothing to support the coin even from the background, even a small contribution, they just sit on their quarks without promoting it, without getting 1 finger involved in any activity..

Have been thinking about your explanation..

If it is indeed btc38, how do you think about this exchange? Is this exchange good for Quark? And has this exchange (in potential) not too much influence on the Quark price?

When I summarize it: (correct me if I interpret you wrong)
- btc38 has been buying Quark till begin of december (resulting in a huge increase of the QRK price)
- btc38 held before QRK was listed 33M of Quark (which was approximately (at that time)  about 20% of the total amount of Quark.
- After Quark was listed at least 11M Quark seems disappeared from their cold storage (at the same time there was a continous decrease in Quark price since listed at btc38.)

What has happened according to you with the 11M Quark past 9 months? Why did btc38 need to lower that?

[digitalindustry]

mprep deleting two relevant responses re Frozenbit:



post was on topic regarding FrozenBit - what is it about FrozenBit specifically that scares you guys?

Should Frozen Bit move into selling novelty night-lights?

[maok]

Have been thinking about your explanation..

If it is indeed btc38, how do you think about this exchange? Is this exchange good for Quark? And has this exchange (in potential) not too much influence on the Quark price?

When I summarize it: (correct me if I interpret you wrong)
- btc38 has been buying Quark till begin of december (resulting in a huge increase of the QRK price)
- btc38 held before QRK was listed 33M of Quark (which was approximately (at that time)  about 20% of the total amount of Quark.
- After Quark was listed at least 11M Quark seems disappeared from their cold storage (resulting in a continous decrease in Quark price since listed at btc38.)

What has happened according to you with the 11M Quark past 9 months? Why did btc38 need to lower that?

I have already made lots of assumptions so I'll leave it there. What is certain about that address is that 1. is not a simply moving 100K here and there: if you take a closer look you'll find those are composed by multiple txes in and out, 2. This behaviour resembles one of an exchange.. or a mixing service which we don't have in quark so it has the be the former option.

Why are you so afraid of this address ? I'm sure that if you dedicate a lot of time and you contact bronevik you'll find out more answers than I can give you. You remind me of some bitcoin naysayers who had an argument that "why would I get involved in bitcoin when Satoshi can dump his million whenever he wants". well the price is irrelevant, only the technology is what matters and if nothing happened with the protocol the price will slowly recover to where it was before the massive dump.

Quark has the best properties as a daily currency out of any other crypto coin so if a big investor/service picks it up we shouldn't be afraid of their large stash, hoarders are essential, but we should be afraid of their lack of involvement in anything related with the coin.

[silvermetal]

Have been thinking about your explanation..

If it is indeed btc38, how do you think about this exchange? Is this exchange good for Quark? And has this exchange (in potential) not too much influence on the Quark price?

When I summarize it: (correct me if I interpret you wrong)
- btc38 has been buying Quark till begin of december (resulting in a huge increase of the QRK price)
- btc38 held before QRK was listed 33M of Quark (which was approximately (at that time)  about 20% of the total amount of Quark.
- After Quark was listed at least 11M Quark seems disappeared from their cold storage (resulting in a continous decrease in Quark price since listed at btc38.)

What has happened according to you with the 11M Quark past 9 months? Why did btc38 need to lower that?

I have already made lots of assumptions so I'll leave it there. What is certain about that address is that 1. is not a simply moving 100K here and there: if you take a closer look you'll find those are composed by multiple txes in and out, 2. This behaviour resembles one of an exchange.. or a mixing service which we don't have in quark so it has the be the former option.

Why are you so afraid of this address ? I'm sure that if you dedicate a lot of time and you contact bronevik you'll find out more answers than I can give you. You remind me of some bitcoin naysayers who had an argument that "why would I get involved in bitcoin when Satoshi can dump his million whenever he wants". well the price is irrelevant, only the technology is what matters and if nothing happened with the protocol the price will slowly recover to where it was before the massive dump.

Quark has the best properties as a daily currency out of any other crypto coin so if a big investor/service picks it up we shouldn't be afraid of their large stash, hoarders are essential, but we should be afraid of their lack of involvement in anything related with the coin.

That's your interpretation that I am afraid of the address. I am not afraid, but fascinated. Because Quark can't be used much more at the moment than only trading, I wondered why this adress is so active. It is more curiousity.
Your answer sounds very logical, but also raise more questions from my side.
I have no contact with bronevic, but I can ask if he can provide me some answers, or maybe someone else here has an idea or opinion?

Agree that the technology of Quark is strong and more relevant than the price.

[coinerer]

...1 finger involved in any activity..

My 1 small finger made compiling quark wallets using the newest libraries:

   http://quarkcoin.orgfree.com

Last time nobody visited that website! My small finger is angry

[cryptohunter]

Have been thinking about your explanation..

If it is indeed btc38, how do you think about this exchange? Is this exchange good for Quark? And has this exchange (in potential) not too much influence on the Quark price?

When I summarize it: (correct me if I interpret you wrong)
- btc38 has been buying Quark till begin of december (resulting in a huge increase of the QRK price)
- btc38 held before QRK was listed 33M of Quark (which was approximately (at that time)  about 20% of the total amount of Quark.
- After Quark was listed at least 11M Quark seems disappeared from their cold storage (resulting in a continous decrease in Quark price since listed at btc38.)

What has happened according to you with the 11M Quark past 9 months? Why did btc38 need to lower that?

I have already made lots of assumptions so I'll leave it there. What is certain about that address is that 1. is not a simply moving 100K here and there: if you take a closer look you'll find those are composed by multiple txes in and out, 2. This behaviour resembles one of an exchange.. or a mixing service which we don't have in quark so it has the be the former option.

Why are you so afraid of this address ? I'm sure that if you dedicate a lot of time and you contact bronevik you'll find out more answers than I can give you. You remind me of some bitcoin naysayers who had an argument that "why would I get involved in bitcoin when Satoshi can dump his million whenever he wants". well the price is irrelevant, only the technology is what matters and if nothing happened with the protocol the price will slowly recover to where it was before the massive dump.

Quark has the best properties as a daily currency out of any other crypto coin so if a big investor/service picks it up we shouldn't be afraid of their large stash, hoarders are essential, but we should be afraid of their lack of involvement in anything related with the coin.

I think this is true, but these hoarders provide some price stability too. Those hoarders/investors from bill are good since they took a lot of qrk from the market at 20k sats and won't sell until they make a decent profit. We need though to get the rest of the quark into hands of those that are active and motivated to do something for the currency. Even those long term investors could be interested in some good ROI projects.

[Hilux74]

...1 finger involved in any activity..

My 1 small finger made compiling quark wallets using the newest libraries:

   http://quarkcoin.orgfree.com

Last time nobody visited that website! My small finger is angry

Sorry but I think nobody should use non official wallets.

[coinerer]

...1 finger involved in any activity..

My 1 small finger made compiling quark wallets using the newest libraries:

   http://quarkcoin.orgfree.com

Last time nobody visited that website! My small finger is angry

Sorry but I think nobody should use non official wallets.

I don't press anybody.

Some quarkers should try to do what I did and report if the results are good or bad. I think the wallet made using the newest libraries works good.

[silvermetal]

Digged a little bit more.
Somebody reminded me that the Chinese exchanges had to publish their cold wallets.

On the chinese exchanges the Quark wallets are mentioned:
Bter: https://bter.com/article/968
Btc38: http://www.btc38.com/trade/reserves.html

What surprised me is that both exchanges almost emptied these addresses in August 2014.

The published wallet of bter has a balance of....0 QRK.
When I checked where it was send to , I ended at the 18M address Maok mentioned earlier.
So the 18M address is not connected to btc38 but bter?

BTC38 send last month 7 Million to another address, and the balance of that cold wallet address decreased to 3.5M Quark (was at highest about 13M Quark).

My questions:
Why did those chinese exchanges send away the Quarks to another wallet last month? Do they not want to be too open about their cold wallets?
Why is the cold wallet storage so high? The Quarks at the exchanges for sale at bter are not more than 400k , and at btc38 1.6M.
What do they do with that large amount of Quark in their cold storages?
How did they obtain those large amounts of Quark
How many cold wallets does one exchange have?
Can we still assume that this address: QRHb2CTvGnwwrf6GHrxgQcH2tTAUoGhnC2 still belongs to an exchange because it is not published by bter/btc38?

[coinerer]

I noticed big discrepancy between the size of the wallet folders of QRK and DRK.

QRK is 14 months old and folder size is 2.14 GB
DRK is  8  months old and folder size is  0.4  GB

I think we should reduce the speed of folder growth.

We should do both (not the only one):
   -reducing time between generating blocks
   -rising the size of the block proportionally to the reducing block time generation

For example,
      -instead of having 1 QRK/block we should have 10QRK/block.
      -instead of time between blocks 30s we should have 300s

Time for confirming transaction has to stay as it is now.

This way Quark parameters such as volume of Quarks, the new Quarks generation per year and the transaction confirmation time stays the same, while the growth of wallet folder will be significantly reduced (approximately 10x).

Is my suggestion or reasoning valid?

Is this idea good?

[maok]

On the chinese exchanges the Quark wallets are mentioned:
Bter: https://bter.com/article/968
Btc38: http://www.btc38.com/trade/reserves.html

Good work, so now we know that on top of those 4 millions bter also owns those 18 millions, almost 9% of quark. Plus we now know that btc38 have about 7,8 millions in cold storage separated by 3 address each with 2 millions and another one with ~1,8 million, and their daily address has another ~3,5 million that makes it another ~5% of total. We don't know how much cryptsy has in reality, bronevik only discovered ~200K but there may have alot more in cold storage. I would say in total the exchanges hold about 10%-15% of total quark. I don't know how it compares to Bitcoin but just as a reminder mtgox had stolen/lost more than 800K from their cold storage..

"Why did those chinese exchanges send away the Quarks to another wallet last month? Do they not want to be too open about their cold wallets?"
"How many cold wallets does one exchange have?"
You must imagine the security measures employed at these exchanges will be most severe, and the fact they haven't yet updated their addresses is their business.

"The Quarks at the exchanges for sale at bter are not more than 400k , and at btc38 1.6M." Its easy, if you put them all for sale you will crash the market,
and because this isn't in anyone's intention(unless they want to commit financial suicide) then they will only put for sale a portion.

"Can we still assume that this address: QRHb2CTvGnwwrf6GHrxgQcH2tTAUoGhnC2 still belongs to an exchange because it is not published by bter/btc38?" They won't publish every single address of different levels of security, they most likely publish the main cold storage one to prove to potential traders that they have plenty resources to provide liquidity.

[maok]

For example,
      -instead of having 1 QRK/block we should have 10QRK/block.
      -instead of time between blocks 30s we should have 300s

Time for confirming transaction has to stay as it is now.

This way Quark parameters such as volume of Quarks, the new Quarks generation per year and the transaction confirmation time stays the same, while the growth of wallet folder will be significantly reduced (approximately 10x).

I don't get it, you want to have the same time for confirming transactions but raise the time between blocks 300s 
If you want to help in development you can find Max Guevara here: http://quarktalk.org/forums/technical-support.41/ or maybe at github: https://github.com/MaxGuevara/quark

[Hilux74]

I noticed big discrepancy between the size of the wallet folders of QRK and DRK.

QRK is 14 months old and folder size is 2.14 GB
DRK is  8  months old and folder size is  0.4  GB

I think we should reduce the speed of folder growth.

We should do both (not the only one):
   -reducing time between generating blocks
   -rising the size of the block proportionally to the reducing block time generation

For example,
      -instead of having 1 QRK/block we should have 10QRK/block.
      -instead of time between blocks 30s we should have 300s

Time for confirming transaction has to stay as it is now.

This way Quark parameters such as volume of Quarks, the new Quarks generation per year and the transaction confirmation time stays the same, while the growth of wallet folder will be significantly reduced (approximately 10x).

Is my suggestion or reasoning valid?

Is this idea good?

Interesting.

Are you looking at the wallet.dat files or the block databases as the source of the size difference?  (The wallet sizes can vary widely depending on the number of transactions and has nothing to do with the block time.  For example my original Quark wallet was ~1GB!! after 6 months of mining on the P2Pool and after cleaning it up by sending in progressively larger chunks to a new wallet it is only a few hundred KB.

Also regardless, I prefer the short block time of Quark as it is.  Speed of confirmations is one of Quarks features along with the most secure and asic resistant algo.  A longer block time could allow things like the transaction malleability problem bitcoin faced earlier.  With 30 second block times you do not have much time to screw around.

[Netnox]

The official Shaq Fu: A Legend Reborn website is now live and online! Join the members area, give suggestions for the game and spread the word on Quark amongst ShaqFu fans/gamers.

www.alegendreborn.com

The members area is available exclusively to members and grants access to exclusive content and the members only discussion board. We want to hear your ideas and suggestions so get on board and tell us watcha got!

I think this is a good way to get Quark some new fans as it is the official Shaq Fu in game currency.
We can give more Quark related suggestions like scenarios where players can win Quarks etc. make sure not to spam
Also check out Arizona Ice Tea launching their new Shaq Fu juice power up to celebrate the new Shaq Fu: A Legend Reborn game

https://www.facebook.com/AriZonaIcedTea/photos/a.70673796304.71922.37089401304/10152332410671305/?type=1&theater

[Netnox]

The official Shaq Fu: A Legend Reborn website is now live and online! Join the members area, give suggestions for the game and support Quark

www.alegendreborn.com

The members area is available exclusively to members and grants access to exclusive content and the members only discussion board. We want to hear your ideas and suggestions so get on board and tell us watcha got!

I think this is a good way to get Quark some new fans as it is the official Shaq Fu in game currency.
We can give more Quark related suggestions like scenarios where players can win Quarks etc. make sure not to spam
Also check out Arizona Ice Tea launching their new Shaq Fu juice power up to celebrate the new Shaq Fu: A Legend Reborn game

https://www.facebook.com/AriZonaIcedTea/photos/a.70673796304.71922.37089401304/10152332410671305/?type=1&theater

looks good.

Considering ShaqFu will be a huge game with tons of gamers playing it is pretty cool. These gamers (thousands) will get to know Quark. I think we should spread the word amongst them. Signing up to the members area on their website is a good start.

[Netnox]

A chance to make Quark a huge success, includes price increase and user base. Here is how..

With ShaqFu coming in 2015 it needs a payment processor. Now there is Moolah, but it's not certain how they will operate since there has been some criticism.

As of now the leading payment gateway is GoCoin http://gocoin.com/ (accepting Bitcoin, Litecoin, Dogecoin) and has recently managed to partner with Paypal which is pretty huge.

Most popular companies GoCoin is working with as of now are Bitcoinshop, eGifter, KnCMiner and CoinMine.
Now i think they would glad to add Big Deez Productions to their list, a team of video game industry professionals that comes from legendary projects like HALO, Street Fighter, Final Fantasy, Alan Wake, Spec Ops: The Line, Battlefield, Killzone, Max Payne, Duke Nukem, and many other huge franchises and right now working on ShaqFu where Quark is the in game currency. They are also partnered with Shaquille O'neal, a multi millionair basketball celebrity.

This will benefit GoCoin since it will get them more exposure and more transactions will go through them.
If GoCoin wants to add Big Deez Productions to their list they have to add Quark as well and since they are partnered with Paypal this will be a huge milestone for Quark. The tools are here it's up to us to make it happen.

[Rusty_1993]

A chance to make Quark a huge success, includes price increase and user base. Here is how..

With ShaqFu coming in 2015 it needs a payment processor. Now there is Moolah, but it's not certain how they will operate since there has been some criticism.

As of now the leading payment gateway is GoCoin http://gocoin.com/ (accepting Bitcoin, Litecoin, Dogecoin) and has recently managed to partner with Paypal which is pretty huge.

Most popular companies GoCoin is working with as of now are Bitcoinshop, eGifter, KnCMiner and CoinMine.
Now i think they would glad to add Big Deez Productions to their list, a team of video game industry professionals that comes from legendary projects like HALO, Street Fighter, Final Fantasy, Alan Wake, Spec Ops: The Line, Battlefield, Killzone, Max Payne, Duke Nukem, and many other huge franchises and right now working on ShaqFu where Quark is the in game currency. They are also partnered with Shaquille O'neal, a multi millionair basketball celebrity.

This will benefit GoCoin since it will get them more exposure and more transactions will go through them.
If GoCoin wants to add Big Deez Productions to their list they have to add Quark as well and since they are partnered with Paypal this will be a huge milestone for Quark. The tools are here it's up to us to make it happen.

Fantastic Idea!    Should we work on a presentation for GoCoin?

[digitalindustry]

A chance to make Quark a huge success, includes price increase and user base. Here is how..

With ShaqFu coming in 2015 it needs a payment processor. Now there is Moolah, but it's not certain how they will operate since there has been some criticism.

As of now the leading payment gateway is GoCoin http://gocoin.com/ (accepting Bitcoin, Litecoin, Dogecoin) and has recently managed to partner with Paypal which is pretty huge.

Most popular companies GoCoin is working with as of now are Bitcoinshop, eGifter, KnCMiner and CoinMine.
Now i think they would glad to add Big Deez Productions to their list, a team of video game industry professionals that comes from legendary projects like HALO, Street Fighter, Final Fantasy, Alan Wake, Spec Ops: The Line, Battlefield, Killzone, Max Payne, Duke Nukem, and many other huge franchises and right now working on ShaqFu where Quark is the in game currency. They are also partnered with Shaquille O'neal, a multi millionair basketball celebrity.

This will benefit GoCoin since it will get them more exposure and more transactions will go through them.
If GoCoin wants to add Big Deez Productions to their list they have to add Quark as well and since they are partnered with Paypal this will be a huge milestone for Quark. The tools are here it's up to us to make it happen.

Fantastic Idea!    Should we work on a presentation for GoCoin?

sounds like a good idea any eventual exposure to paypal would be good for merchant expansion but as we have seen from the Bitcoin news that fundamentals are key, however anything that would simplify the method in which key investors could get exposure would be a positive.

I speak about these interesting partnership with FI and Ripple etc, that could provide structural opportunity, and scare our ultimate benefactors even more than say, Frozen Bit ?

[MacDuro]

The first game giveaway hosted by Vayaansias to promote Quark between Steam users has started :

https://www.facebook.com/pages/Vaya-Ansias/667081866669860?fref=nf

http://www.vayaansias.com/2014/09/sorteo-especial-quark-3-juegos-para.html?showComment=1411673186886

[silvermetal]

On the chinese exchanges the Quark wallets are mentioned:
Bter: https://bter.com/article/968
Btc38: http://www.btc38.com/trade/reserves.html

Good work, so now we know that on top of those 4 millions bter also owns those 18 millions, almost 9% of quark. Plus we now know that btc38 have about 7,8 millions in cold storage separated by 3 address each with 2 millions and another one with ~1,8 million, and their daily address has another ~3,5 million that makes it another ~5% of total. We don't know how much cryptsy has in reality, bronevik only discovered ~200K but there may have alot more in cold storage. I would say in total the exchanges hold about 10%-15% of total quark. I don't know how it compares to Bitcoin but just as a reminder mtgox had stolen/lost more than 800K from their cold storage..

"Why did those chinese exchanges send away the Quarks to another wallet last month? Do they not want to be too open about their cold wallets?"
"How many cold wallets does one exchange have?"
You must imagine the security measures employed at these exchanges will be most severe, and the fact they haven't yet updated their addresses is their business.

"The Quarks at the exchanges for sale at bter are not more than 400k , and at btc38 1.6M." Its easy, if you put them all for sale you will crash the market,
and because this isn't in anyone's intention(unless they want to commit financial suicide) then they will only put for sale a portion.

"Can we still assume that this address: QRHb2CTvGnwwrf6GHrxgQcH2tTAUoGhnC2 still belongs to an exchange because it is not published by bter/btc38?" They won't publish every single address of different levels of security, they most likely publish the main cold storage one to prove to potential traders that they have plenty resources to provide liquidity.

@ Maok. Can you help me understand the balances in cold wallet storage at exchanges a little bit better.
As you explained it, I assumed that bter and btc38 own the Quark in the cold storages (and do not belong to the individual traders at their exchange). And I assumed that my balance of my wallet at the exchange was visible in the block explorer. Therefore I checked whether my assumptions were correct.

I have an account at bter with some Quark on it:Qd8aiHVNUwqTvasfKJNHrNgBatnJYjE53Q

When I check my balance at bter: 399,5696 QRK (it is just in my wallet at the exchange not in a sell order).
When I check my balance at the block explorer: 0 QRK

It seems that my  balance was once send away (to a cold wallet storage??). And as long as I am trading within bter, nobody can see my true balance at bter in the explorer?

Is it correct that the 18M address at bter also express the balances of the individual traders (and that my 400 Quark is stored there)?
And that my assumption was wrong that the 18M Quark is owned by the exchange?