Re: [ANN] [QRK] Quark | Super secure hashing

I am trying to understand the description of quark. I particularly unsure about how many coins is really available. From this statement "Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)", what does it mean? What does the abbreviation "p.a. inflation" mean?

per annum

Thanks, so let me understand this. After the first 6 months there are a total of 247million quarks, 1 year after that, there will be 248million total, or 247 + 248 = 495millions total? my guess is 248millions, but I am not clear about the language.

247+1 = 248 Million

thanks

Doesn't that seem like a HUGGGE mistake for Quarkcoin? The few people that came on board to tinker with it at the start will literally already have about 99% of the coins that will be mined for years to come. How many miners of Quarkcoin are there?

The developer of Quarkcoin wasn't Satoshi - that's for sure.

+1

So the vast majority of the 247 million quarks out there are in the hands of a few people who mined within the first 6 months?