filipe3x
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December 07, 2013, 11:36:57 PM |
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Assuming that the mixing service is implemented, SBC will be very appealing for those concerned about privacy. Whereas I don't particularly see the practical advantage of QRK's different hashing approach, and extreme concentration of QRK holdings is concerning.
This.
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KeyserSozeMC
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December 07, 2013, 11:40:45 PM |
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I'll be honest. I invested 2BTC in QRK. I'm in a kinda ''big'' loss atm. I voted for QRK of course, because I see the effort they've been putting in the coin's progress.
So, my vote goes to : QRK
If I wasn't in the situation I'm in right now, I'd say StableCoin, because of some interesting things I found.
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Hey, smexy. Don't waste your time. Time's precious.
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coinerer
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December 07, 2013, 11:41:09 PM |
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my order is 1.Quark, 2. Stablecoin, 3. Megacoin, 4.Digitalcoin, 5.Worldcoin
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Coinsy
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December 07, 2013, 11:43:52 PM |
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Does everyone ignore the fact that Stablecoin has 1.2 million premined?
StableCoin is destroying its premine. I believe this addresses your question: DESTRUCTION OF THE PREMINE
As some of you may remember, as part of the old mixing service, there were 1.2 million coins premined to act as the basis of the mixing pool. Of course, this caused much anger within the community, with accusations that the money would be used improperly, among other things. 5 months later, these funds have yet to be touched, so I'm happy to have proved those people wrong on those front.
However, under the new mixing system, these coins are no longer necessary. Accordingly, these coins will be publicly destroyed, as they were never intended to be used for anything other than mixing.
In this case, the 1.2 million coins were created in the genesis block. You might notice this is different than most coins that do their premine in block 1 and onward. This is because there is a well documented quirk within bitcoin that makes the genesis block unspendable. This is because when Satoshi designed the client, he decided not to add the coinbase transaction from the genesis block to the global transaction database.
To make these funds spendable, I added a simple bit of code during the initialization of the client (init.cpp). This code adds the genesis transaction to the global transaction database, making it spendable.
By removing this code, the genesis block becomes unspendable, and the coins are essentially destroyed. This is the most eloquent way to accomplish the goal. Version 1.3 of StableCoin has this bit of code removed. I urge everyone to update immediately. https://bitcointalk.org/index.php?topic=349198.0
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zavtra
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December 07, 2013, 11:47:42 PM |
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Does everyone ignore the fact that Stablecoin has 1.2 million premined?
The premine was removed from circulation by making the genesis block unspendable after the developer came up with a new way to create anonymity without using a laundry system.
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Netnox
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December 08, 2013, 12:13:57 AM |
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Assuming that the mixing service is implemented, SBC will be very appealing for those concerned about privacy. Whereas I don't particularly see the practical advantage of QRK's different hashing approach, and extreme concentration of QRK holdings is concerning.
This. More than 120 millions quarks have already been traded. This gives you a better insight that it's not really how some think it is http://www.youtube.com/watch?v=CONBPWh2sPohttp://www.youtube.com/watch?v=PF_FgTV80Ic
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kernels10
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ded
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December 08, 2013, 12:14:39 AM |
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I'm voting StableCoin because it actually brings something unique to the table. Quarkcoin pragmatically brings nothing new to the table other than some security features, but cryptocurrencies are already really secure so it's more or less a clone coin. And it being mentioned on a T.V. show does not give it any better fundamentals for it to be a currency. Stablecoin will offer anonymity with mixed transactions, and will have a very steady supply because its difficulty adjusts rapidly, every 90 blocks. Also, in reference to the recent bitcoin crash, StableCoin has performed incredibly well: On Tuesday, December 3rd 2013, the price of Bitcoin was around 1,100 dollars. The price of StableCoin was around 12 - 13 cents.
Today, on Saturday, December 7th 2013, the price of Bitcoin, after ENORMOUS fluctuations and instability, has now settled at around 750-775. About a 30% decrease.
While almost every other altcoin's value has plummeted, what is StableCoin's value at? About 16 cents. This is at least a 25% increase. If this isn't a sign of StableCoin's future and stability, I don't know what is.
So my vote's all for StableCoin. This.
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GBattaglia
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December 08, 2013, 12:19:57 AM |
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Gotta love this polls that ultimately have no connection to BTC-e and are constantly repeated.
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cfrm
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December 08, 2013, 01:29:40 AM Last edit: December 08, 2013, 02:07:32 AM by cfrm |
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Close race. Anyone know why Stablecoin isn't listed here http://coinmarketcap.com/?
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FuckTheDollar
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December 08, 2013, 01:50:41 AM |
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I see a lot of people holding a lot of big bags of QRK lol
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clint25n
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December 08, 2013, 02:00:59 AM |
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We had a decision to make when applying the first patch to Worldcoin. One of the items discussed was to correct the inflation model, the rate of coins produced. We were interested in halving the coins each month or so at first, resulting in the majority of the coins to be mined early on, but received an outcry from the community that this would be very bad for Worldcoin once that time was over. So we opted against it for this very reason. The problem is, people will buy into QRK due to marketing, but most have no idea the amount of dumping that will take place. Makes for a dangerous investment. I think Quark was a great idea, but the 6 month instamine situation is going to be a serious thorn in their side for a very long time. A prime example of fair coin disbursement. Note: from May to August (week 1 on the chart) the reward was 60. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FsUkY4gN.png&t=665&c=9OIoOchhZZvbRA)
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Robert Lewandowski
Sr. Member
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Bayern
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December 08, 2013, 02:17:51 AM |
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Does everyone ignore the fact that Stablecoin has 1.2 million premined?
Those have been destroyed
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cdtc
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December 08, 2013, 02:25:00 AM |
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I voted for stable it looks like it could get big and I like its mixing service .
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A L I E N
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December 08, 2013, 03:07:11 AM |
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LOL stablecoin is the most obvious scam. It is the most centralized coin, with a couple nodes performing the so called "mixing". These could easily go down for various reasons and the whole thing would fall apart, however, there is no proof that these nodes are actually anonymizing anything which is the crux of the scam . Don't say you weren't warned.
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CoinGeneral
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The General
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December 08, 2013, 03:11:11 AM |
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Does everyone ignore the fact that Stablecoin has 1.2 million premined?
Yeah I complained in the main thread about that here, and so did a few other people: https://bitcointalk.org/index.php?topic=349198.msg3853325#msg3853325To which I got attacked by Hazard. Then the developer replied with this: https://bitcointalk.org/index.php?topic=349198.msg3854945#msg3854945Yes the 1.2 million coins were premined, but it's up to us whether or not to put our trust in the developer that he doesn't do something malicious with those coins. Not as many people are concerned anymore as they were before, as they felt like now they could trust him. I don't think he will do anything malicious with those coins but who knows for sure except someone in the future.
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SonofPegasus
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December 08, 2013, 04:04:52 AM |
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This should be WDC.
Best community, fast coin, great vision.
This isn't even close IMO.
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defaced
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Franko is Freedom
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December 08, 2013, 04:53:55 AM |
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Id rather have more services accepting frk to be honest.
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cryptohunter
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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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December 08, 2013, 05:00:59 AM |
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We had a decision to make when applying the first patch to Worldcoin. One of the items discussed was to correct the inflation model, the rate of coins produced. We were interested in halving the coins each month or so at first, resulting in the majority of the coins to be mined early on, but received an outcry from the community that this would be very bad for Worldcoin once that time was over. So we opted against it for this very reason. The problem is, people will buy into QRK due to marketing, but most have no idea the amount of dumping that will take place. Makes for a dangerous investment. I think Quark was a great idea, but the 6 month instamine situation is going to be a serious thorn in their side for a very long time. A prime example of fair coin disbursement. Note: from May to August (week 1 on the chart) the reward was 60. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FsUkY4gN.png&t=665&c=9OIoOchhZZvbRA) This is totally incorrect. Mining is not distribution. QRK is probably just as well distributed as WDC infact probably more so due to such massive volume lately. Quark was mined by fewwer than WDC however was dumped hard on exchanges for months until the price was nothing. It was distributed then and on the way up it has had huge distribution. Mining means nothing. You could have one person pre mine the entire coin, if they give it out for free on the exchanges for months it is distributed by the market. People mention about the 6 month mining dont seem to mention other coins that employ the same process. WDC is a good coin and i hope it reaches BTC however it is not as good as quark nor as widely distributed. The release of WDC was shouted for being instamined. I was there, the blocks came in so fast nobody but those with huge miner on low latency got all the easy blocks. This agian doesn't matter all that much since it generated so many coins and the value was so low people just bought up bits of it here and there whilst it was worth nothing. The strangest thing is how DGC has lost it's shine??? what happened to that coin and that dev?
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pand70
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December 08, 2013, 05:13:35 AM |
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Based on the results of this poll @ 484 votes: https://bitcointalk.org/index.php?topic=359521.0The top 5 alt coins with the most potential besides LTC are: 1) Quark 69 (14.2%) 2) Stablecoin 59 (12.2%) 3) Worldcoin 41 (8.5%) 4) Megacoin 31 (6.4%) 5) Digitalcoin 24 (4.9%) Which one would you like to see next on BTC-E? You mean the top 5 alt coins with the most fanboys that voted on the poll ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) While it might be an indication of popularity it is far from an index for potential
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Coinsy
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December 08, 2013, 05:14:03 AM |
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Does everyone ignore the fact that Stablecoin has 1.2 million premined?
Yeah I complained in the main thread about that here, and so did a few other people: https://bitcointalk.org/index.php?topic=349198.msg3853325#msg3853325To which I got attacked by Hazard. Then the developer replied with this: https://bitcointalk.org/index.php?topic=349198.msg3854945#msg3854945Yes the 1.2 million coins were premined, but it's up to us whether or not to put our trust in the developer that he doesn't do something malicious with those coins. Not as many people are concerned anymore as they were before, as they felt like now they could trust him. I don't think he will do anything malicious with those coins but who knows for sure except someone in the future. This is not a good argument. Everything is visible. It can't happen for the coin to live. From the developer himself: What everyone seems to be worried about is the rogue developer situation, wherein the developer pushes out code that the community would deem to be malicious in nature. I'm a huge fan of game theory, so let's go through some possible things a rogue developer could do in a situation like this.
1) Push out a client that contains a keylogger / wallet stealer / other malicious code. 2) Push out a client that has a backdoor in the transaction verification system, allowing the creation and spending of an unlimited amount of coins. 3) Push out a client that makes the genesis block spendable again.
Scenario 3 is the most noticeable and least profitable of the three. It is a wholly worse variation of scenario 2. It would make no sense for a malicious actor to engage in scenario 3, when superior options are at his disposal. So, we can rule scenario 3 out of the equation. That leaves scenarios 1 and 2, which can be done on any coin, not just StableCoin. If you are worried about this sort of thing happening, your worry should extend to all coins, not just StableCoin.
This is why all code is open source and available for peer review. If someone attempted to launch such an attack, it would be in plain sight for everyone to see, and would get called out very quickly.
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