The whole quark thingy

[viridisk]

I post this here in hope to get more objective opinion

Can anyone please explain to me what's the deal behind current quark hype? It is growing reasonably fast and could be used for some nice speculative profits, but some guys in altcoin forums view it like second coming of all deities combined and have some weird siege mentality.

From what I see, quark isn't more exceptional than any of other coins, plus it have that built-in inflation that I don't like and kind of breaks the whole point.

Again, I post here rather than in altcoin forums, as there I kind of feel like a black communist guy that accidentally dropped to GOP meeting.

[Rannasha]

It got pumped by Max Keiser, but that's about it.

It offers nothing substantial over Bitcoin. It just has a good number of zealots promoting it.

[hilariousandco]

I post this here in hope to get more objective opinion

Can anyone please explain to me what's the deal behind current quark hype? It is growing reasonably fast and could be used for some nice speculative profits, but some guys in altcoin forums view it like second coming of all deities combined and have some weird siege mentality.

From what I see, quark isn't more exceptional than any of other coins, plus it have that built-in inflation that I don't like and kind of breaks the whole point.

Again, I post here rather than in altcoin forums, as there I kind of feel like a black communist guy that accidentally dropped to GOP meeting.

This happens with every alt coin. The people who hype it up and pimp it out only do so because they hold large amounts of it and just want to pump and dump it as quickly as they can.

[Meebo]

Quark is as well distributed (if not more) as Bitcoin. Also, unlike BitCoin, Quark was not premined.

Quark benefits over Bitcoin:

1) More secure
2) Faster transactions
3) Small inflation coded in (this is huge plus and adds to stability of the currency)
4) ASIC farms were not able to steal all Quarks (it was mined by people not corporations)
5) It is just starting to take off and being noticed as one of the "big players" (BitCoin and LiteCoin people really hate this)

[GröBkAz]

What value could QuarkCoin achieve in the next 14 days? What do you think is realistic? now it is at 0.18$. time to sell now?

[Meebo]

Who knows... It is so new coin (I have to say, that it is more risky investment than PPC or WDC for example).

I hope ~0.30-0.40. That is optimistic of course

[LiteCoinGuy]

It got pumped by Max Keiser, but that's about it.

It offers nothing substantial over Bitcoin. It just has a good number of zealots promoting it.

thats it. this is pump and dumb. take a look at the stats of the coin... 

[cosmowright]

It got pumped by Max Keiser, but that's about it.

It offers nothing substantial over Bitcoin. It just has a good number of zealots promoting it.

thats it. this is pump and dumb. take a look at the stats of the coin... 

Where can we see stats of coins, where are you looking exactly? I got websites like coinmarketcap, cryptsy, bter. Is it the only thing you're looking at? Are you saying this because of the volatility?

[PinkPotatos]

Quark is as well distributed (if not more) as Bitcoin. Also, unlike BitCoin, Quark was not premined.

Quark benefits over Bitcoin:

1) More secure
2) Faster transactions
3) Small inflation coded in (this is huge plus and adds to stability of the currency)
4) ASIC farms were not able to steal all Quarks (it was mined by people not corporations)
5) It is just starting to take off and being noticed as one of the "big players" (BitCoin and LiteCoin people really hate this)

1) bullshit
2) ok lol
3) small inflation? wtf there is 245 million coins in the first 6 months..
4) no only a few people raped it with botnets
5) its being promoted by paid shills and sock puppets. Check the usernames of the pepple on your free forums.

[Netnox]

It got pumped by Max Keiser, but that's about it.

It offers nothing substantial over Bitcoin. It just has a good number of zealots promoting it.

thats it. this is pump and dumb. take a look at the stats of the coin... 

argh just stfu you hating noob. BTC and LTC are a pump and dump also but on a bigger scale you idiot. People said this whole bs about LTC the whole damn time. You guys feel threatened by Quark. Just fuck of will ya, you have your own agenda to pump LTC, I have BTC/LTC/QRK. Get of this controlling mentality to try to keep everyone in BTC and LTC. You guys are really making a bad name for BTC.

[Netnox]

Quark is as well distributed (if not more) as Bitcoin. Also, unlike BitCoin, Quark was not premined.

Quark benefits over Bitcoin:

1) More secure
2) Faster transactions
3) Small inflation coded in (this is huge plus and adds to stability of the currency)
4) ASIC farms were not able to steal all Quarks (it was mined by people not corporations)
5) It is just starting to take off and being noticed as one of the "big players" (BitCoin and LiteCoin people really hate this)

1) bullshit
2) ok lol
3) small inflation? wtf there is 245 million coins in the first 6 months..
4) no only a few people raped it with botnets
5) its being promoted by paid shills and sock puppets. Check the usernames of the pepple on your free forums.

Keep hating, it only will make Quark more popular because people see how desperately some are trying bash it. You just don't want competition to your own investment. Quark is legit, stop whining. Their have been enough counter arguments to each point you are making. When BTC-e/BTC38 adds it you all will suddenly change your mind. LTC best example

[GigaCoin]

Quark will be #3 Coin v soon don't miss the train 

[Mvann]

Quark is as well distributed (if not more) as Bitcoin. Also, unlike BitCoin, Quark was not premined.

Quark benefits over Bitcoin:

1) More secure
2) Faster transactions
3) Small inflation coded in (this is huge plus and adds to stability of the currency)
4) ASIC farms were not able to steal all Quarks (it was mined by people not corporations)
5) It is just starting to take off and being noticed as one of the "big players" (BitCoin and LiteCoin people really hate this)

What the actual fuck.. "more distributed" are you high?

The coin was made so that a few people could mine 98% of the total coins ever within the first months. The majority of those are owned by less than 10 people. Look it up. (They are even trying to hide the coins the last few days by splitting them up into different addresses)

And about the marketcap, its misleading and artificially kept that high because the actual volume of coins available is a fraction of those 2%.

If you made a blueprint on how to create a coin scam, it would be exactly like this. By the book exactly like this.

[paratox]

Quarkcoin labels itself as "fair" mining coin, cause of "CPU only", but the distribution doesn't seem fair at all.

Did the developers mention somewhere why they decided to give most of the coins to the first miners? It seems like a way to give the developers the advantage of a premine without it being technically premined.

Would really appreciate if someone could explain the reason of the devs for this decision

[viridisk]

I love the strange zeal tho.

[Mvann]

Quarkcoin labels itself as "fair" mining coin, cause of "CPU only", but the distribution doesn't seem fair at all.

Did the developers mention somewhere why they decided to give most of the coins to the first miners? It seems like a way to give the developers the advantage of a premine without it being technically premined.

Would really appreciate if someone could point me to the reason for this decision

You are exactly correct and they did this for two reasons:

1. They own almost all the coins which they hope will become valuable.

2. By only having a small fraction of the coin available for other traders the value and marketcap is kept artificially high, making the coin appear popular, it also enables them to cheaply inflate the price themselves.

[Netnox]

Quark is as well distributed (if not more) as Bitcoin. Also, unlike BitCoin, Quark was not premined.

Quark benefits over Bitcoin:

1) More secure
2) Faster transactions
3) Small inflation coded in (this is huge plus and adds to stability of the currency)
4) ASIC farms were not able to steal all Quarks (it was mined by people not corporations)
5) It is just starting to take off and being noticed as one of the "big players" (BitCoin and LiteCoin people really hate this)

What the actual fuck.. "more distributed" are you high?

The coin was made so that a few people could mine 98% of the total coins ever within the first months. The majority of those are owned by less than 10 people. Look it up.

More than half off them have already been traded, yesterday another 1 million was unleashed to the market stupid. The rest of the BTC will be mined by ASIC cartels or who can afford a lot of money. Thats what i call poor distribution. All Quarks will be distributed in a short period. You guys are so hypocrite i remember the day when some had hundred of thousands LTC mined, stop whining

[Meebo]

1) bullshit
2) ok lol
3) small inflation? wtf there is 245 million coins in the first 6 months..
4) no only a few people raped it with botnets
5) its being promoted by paid shills and sock puppets. Check the usernames of the pepple on your free forums.

It would take me 1-2 hours to write a script that mimics LTC/BTC fanboy forum behavior so well, that no-one would understand that it is actually a bot.

Main characteristics would be:

1) Disregarding facts
2) No counterarguments what so ever
3) Shouting "pumb ad tump" when possible
3) ... and of course, bad grammar

What the actual fuck.. "more distributed" are you high?

The coin was made so that a few people could mine 98% of the total coins ever within the first months. The majority of those are owned by less than 10 people. Look it up.

And about the marketcap, its misleading and artificially kept that high because the actual volume of coins available is a fraction of those 2%.

If you made a blueprint on how to create a coin scam, it would be exactly like this. By the book exactly like this.

Check Quark blockchain audit thread... http://forum.qrk.cc/thread/368/auditing-block-chain?page=6
It is so much more distributed than BitCoin or LiteCoin after 6 months of their release. HUUUGE difference! Even now, Quark distribution is better than LTC's.

[paratox]

Quarkcoin labels itself as "fair" mining coin, cause of "CPU only", but the distribution doesn't seem fair at all.

Did the developers mention somewhere why they decided to give most of the coins to the first miners? It seems like a way to give the developers the advantage of a premine without it being technically premined.

Would really appreciate if someone could point me to the reason for this decision

You are exactly correct and they did this for two reasons:

1. They own almost all the coins which they hope will become valuable.

2. By only having a small fraction of the coin available for other traders the value and marketcap is kept artificially high, making the coin appear popular, it also enables them to cheaply inflate the price themselves.

And what is the reasoning of the developers?

The only possible fair explanation that would make some sense to me is, that the devs are for the most part politically motivated and don't intend to pump and dump, but want to help the market grow in a healthy way. In this case they would take the position of guardians (see https://bitcointalk.org/index.php?topic=363559.0)

But since we can't be sure only people with good intentions in mind have mined in the first 6 month, I am a bit skeptical about this scenario...


EDIT:

Check Quark blockchain audit thread... http://forum.qrk.cc/thread/368/auditing-block-chain?page=6
It is so much more distributed than BitCoin or LiteCoin after 6 months of their release. HUUUGE difference! Even now, Quark distribution is better than LTC's.

Thank you for the link. That really looks like a good distribution, but how do you know that each wallet represents only 1 holder? Couldn't it be possible, that for example 1 holder has the top 10 wallets?

[cudjex]

thats it. this is pump and dumb. take a look at the stats of the coin... 

Interesting. Didn't max keiser pump litecoin ? So S.T.F.U.

https://twitter.com/maxkeiser/status/405083488291803136