Coin distribution is everything. These coins are not fairly distributed. Premine? No.. Instamine with megablocks to unfairly distribute the load of coins. Yes. No matter how they try to spin it, this coins sole purpose is to benefit the early adopters only. FFS they have a "how to answer the premine question" guide. If that doesnt scream scamcoin idk what does.
There is a how to answer the premine question because it is amazing how many people are as thick as yourself that cannot understand that 1. there was no premine (unlike Bitcoin, Litecoin, Feathercoin etc) and 2. Quark's formula is pretty much the same as any other coin with reward halfing over time intervals but simply over a smaller time frame.
If you cannot understand how a coin functions when mining rewards are not the only draw of a cryptocurrency then you are also saying that every other cryptocurrency is also doomed to failure, just at a different speed.
Most of the early miners dumped this the moment it hit an exchange since it was valued so low. I dought there are very many people with large holdings because even the bag holders would have dumped in the small windows a month or two ago when QRK had a tiny rise back into the z5 from z6. Anyone still holding after that is just lucky from being stuborn or stupid haha.
I CPU mined this off and on since the beginning and from day1 it was pretty much a waste of time. My CPU would generate about $0.08 of Quark a day since Quark was valued so low compared to difficulty. I likely spent more on electricity. I mined it because I liked the name, I liked how fast transactions were and it was something to do with a computer that was already on 24 hours a day. So from July until November 20 ANYONE could have bought Quark for far less than it cost to mine. And the people that rented VPS at Digital Ocean pretty much had to dump just to pay their bills...I know I tried it for a month and spent 2x more than I made even when Quark was at 0.000002 let alone when it was at 0.0000004.
Just like you could have bought Bitcoins for $1 2 years ago. If you didn't then that is too bad, if you know how to make a time machine please make a seat for me too.
Now that most of the QRK is in circulation it is set to be a currency and not an asset like Bitcoin.
QRK will increase in value from its current to a level that makes it an acceptable unit of currency. I do not think QRK will be the same as Bitcoin which I think most would agree is seen as a commodity now rather than currency. I see QRK reaching a stable value within a year around $1-5US and that will increase in relation to how much inflation there is in whatever fiat currency is dominant (right now the US$). Since inflation and printing of $ will increase at a much higher rate than the 0.5% inflation of Quark, its relative value will increase but its actual value should be quite stable (ie 2014 $1=1QRK=loaf of bread, 2016 $5=1QRK=loaf of bread).
