are people dreaming - post the problems and i will post how we have solved them : lets do this :
and then i will collaborate it into a post to put onto our forum -
you start - go grab a "problem"
ok.
one problem that I thought about before and see mentioned in this article
http://bitcoinmagazine.com/8972/quarkcoin-noble-intentions-wrong-approach/is that QRK is somehow totally ASIC proof.
I understand that ASICs are customized chips that can have
ANY conceivable algorithm embedded in their circuit.
Once an ASIC is created it can only do this one algorithm/task. ... but by no means is an ASIC limited to ONLY the sha-256 hash algorithm.
So qrk does NOT use the sha-256, so far so good, so
at this moment all worldwide available cryptocoin ASICs are NOT suitable to be used for the QRK-hashing algorithms, but there is NOTHING that can prevent an ASIC developper from designing a chip that
CAN calculate the QRK-hashing algorithms, and then go ahead and order a 100'000 of those chips at one of the big chip manufacturers.
It will cost a lot, alright. millions of dollars.
So its not worthwhile to do that,
at this moment . But what if QRK actually rises in price?
What if one QRK costs 10 dollar sometime in the future?
A smooth operator will see the chance of his life to create the QRK-ASIC, and he will probably be without competition for a year or two, mining away a big part of the million QRK that is available every year.
A good return on investment. And what if ASIC designing and creation actually drops in price even more in the future?
We see cpus and gpus drop in price all the time. ASICs will follow.
Ofcourse I am only speculating here. But I am starting to suspect that the only thing that makes QRK ASIC-proof is its low price.
AND NOTHING ELSE!PS, and ofcourse, the first QRK ASIC creator will de facto rule the network and can destroy it if he chooses to do so.
Ok so for an ASIC to be made they would need to have 6 different chips on the board - ok , that's more justifies a $100 + to $500 Per Quark price point -
so we have the EQ reward coming up right + fees (we will likely add some fees to the EQ reward as extra incentive)
so lets assume the worst OK - ASIC rush to get the whole lot of that EQ+fee reward = ok so what are they getting and what are they doing with it ?
are people suggesting that ASICs will rush to horde the EQ+fee reward , all that will do is drive the price higher ?
Quark is in the hands of investors and being spread further every day .
** of course by the time an ASIC is designed to do this at 500$ + ASICS will be in your hand watch and $2 a piece - our you will make it yourself -