Quote from: cryptocoinmkt.com on December 02, 2013, 10:50:28 PM

Quote from: pabloangello on December 02, 2013, 10:33:53 PM

Quote from: cryptocoinmkt.com on December 02, 2013, 10:28:50 PM

Quote from: pabloangello on December 02, 2013, 09:59:56 PM

We have almost all quarks mined.
What will happen after there will be no one left to mine? What with miners and confirmation of transsactions. What with the price?

Based on the descriptions provided at the beginning of this thread.

* Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)*

So after 247 million coins get mined, then after that 1 million per annum (year), with a max inflation per annum of 0.5%.

If you know that 1 Billion = 1000 Million , then this has quite a ways to go if you compare it to the U.S dollar which has printed well over 17 Trillion dollars flooding the world with cheap, toilet paper currency.

Most people don't realize that the United States will never be able to pay back its debt, even 1 Trillion dollars is daunting.

Definition of a Trillion: https://en.wikipedia.org/wiki/Trillion

Getting back to Quark, so it will take 53 years after 247 million coins to hit 300 million coins, I think that is perfectly acceptable and enough to become a world crypto currency for the trade / transactions with a fair amount of security and stability.

My only concern right now, is that there isn't enough "Mining Pools" right now, there should be more being set up.

Thank you for this detailed answer.
But will it affect the price of quarkcoin - reaching 247mln coins?

That is a very hard question to answer. As when speaking about any markets, the price is a equilibrium of supply and demand , as well as perception and sentiment.

With all these factors, it is quite hard to predict. Generally, the more currency produced the more the supply, and hence a large supply can reduce price. However with Quark, the addition to supply is only 1 million coins per year, so it is not a huge dramatic influx of new currency. Given, that the demand for Quark coins outpaces 1 million coins per year then logic states that the demand should drive up the price....but again the world of markets, whether it be FOREX, stock market, commodities ....anything can happen.

Couse it will be harder and harder to mine more coins and the main number will be reached (247mln) then more work must be done to get some quarks, hence it should rise in price. Am I correct?
Also soon it will be added to btc38.com - http://www.btc38.com/altcoin/