Re: [ANN] FairQuark | FRQ | CPU Mining | 4% Fair Pre-mine

Quote from: altsay on January 22, 2014, 02:05:03 PM

Quote from: BulletCoin on January 21, 2014, 09:12:03 AM

Want facts? Quarkcoin developers and friends own 42% of the coins based on these numbers: http://bitinfocharts.com/top-100-richest-quarkcoin-addresses.html

I think 4% premine is pretty fair

PS. Quarkcoin developers seem to have started dumping the coins to hidden addresses because these numbers were much more radical when this link was tweeted few days ago.. I think Quarkcoin devs are afraid of FairQuark Wink

That does not mean QRK was premined and it's not. Very few people participated in mining of quark at first couple of weeks. Public spotlights were much more thin on altcoins than it is today which ultimately means that those very few people had the chance to mine a considerable amount and they did.

But this situaiton has nothing to do with "premining".

I believe it has everything to do with the narrow mindset and or greed of the creators of these coins.
There is for sure a way to distribute PoS coins more evenly. Or to do it in a way that doesnt waste resources (proof of burn).
A lot of these guys are programmers and not marketing people, but it really only takes some common sense and some compassion to find solutions to these problems. No one seems interested in changing things for the better, everyone just wants more of the same.