Except he pays out to each pool member. You can see that in the transaction history.
I think you didn't understand what i meant he holds them ALL:
He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)
He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".
What you say could only be true if he never paid out to the pool members. He has paid so he has very few coins.
You still don't get it.
Please google (Bitcoin) 51% attack. For Bitcoin this imho never happened, but it hink FTC was one of the coins who already had one
No I don't think you understand the 51% attack. Feeleep doesn't control all the coins, once he pays them for example to me and I put them in my wallet he can't do anything with those coins.
He can block them from ever be spend for example:)
No he can't! You are really out in left field on how transactions and the block chain work.
An attacker that controls more than 50% of the network's computing power can, for the time that he is in control, exclude and modify the ordering of transactions. This allows him to:
Reverse transactions that he sends while he's in control. This has the potential to double-spend transactions that previously had already been seen in the block chain.
Prevent some or all transactions from gaining any confirmations
Prevent some or all other miners from mining any valid blocks
And yes, some of my points which i marked as where i am unsure above are not possible:
The attacker can't:
Reverse other people's transactions
Prevent transactions from being sent at all (they'll show as 0/unconfirmed)
Change the number of coins generated per block
Create coins out of thin air
Send coins that never belonged to him
So, he can prevent your coins from being spent.