Quote from: BugSpirit on May 23, 2014, 07:45:56 AM

Quote from: jboyce92 on May 23, 2014, 02:34:18 AM

Quark is super undervalued.. the haters are the ones who began chasing it when it got hot and then try and shit on it saying it was "PRE MINED BRO!!!" which is total bullshit, it was mined over a short time but wasn't pre-mined at all.

And the same people will chase and praise it when it become hot again.

Kolin, I'm actually a supporter of Quark. But right now we are quite a weak and anyone could easily destroy Quark both with market manipulations and 51% mining attack and it will be cheap for them. Let's admit it and work this out. On the other hand Quark is the only coin I know made with use of market and macroeconomic theory and human experience in this field of knowledge. Quark is a quality work on the mistakes which appeared in bitcoin protocol and economics in recent 5 years. Since that, Quark has the best fundaentals among cryptocurrencies to day. Moreover, developers and community know that the way to success don't lay through painting doggies on cars but through real work like seeking pertnership with game developers. Only a few people in whole crypto world understand it (Charlie Shrem, Tony Gallippi to name a few).
What we see now is a wild market, when a really large money belong to those who just was in the right place in the right time. From time to time it happens in the real world, the great example is a 90s market reforms in Eastern Europe or Latin America. Huge fortunes fell into hands of yesterdays ordinary engineers and workers and many of them don't know what to do with them. Look at the hundreds of jackpot winners who lost everything in months and returned to their few-dollar-work. Money leave the hands of those who dont deserve them. We can see it in cryptos and Quark right now. People with millions of Quarks just see a decline in price and Doge or Dark hype and pump and decide to quit the market. They just don't understand what fell in their hands and don't know how to grow their fortune. Yeah better to join some hype sit and wait when someone took you to the moon where you will be R.I.C.H. For a pity on their way they are able to do much harm to efforts of those who actually trying to do something usefull.
Microeconomic theory proves that free-market equilibrium is Pareto-optimal (1st Welfare Theorem) but don't say when the equilibrium is reached. I believe that no faster than inflation hits 1-2% range what happens for bitcoin and similar coins in 10 years since the first block. Quark could do it much faster maybe in a year or two, when big wallets either lost their coins or prove they deserve them. All the mining issues will be solved in prices 20-50 times more than present which I consider not only possible but inevitable.

To sum up, Quark is not for those who seek a coin which allow looting itself by mining and ineffective distribution model, and not for those who scour a quick buck in a matter of weeks. These kind of people will try to crap it, cause they just don't see a sence in its existence. Quark is for those who are willing and able to work and understand how to move the community forward or at least trying to become such. For these folks Quark is the best platform for now.
That's what me, Kolin and others are trying to say, despite some controversions on a few technical issues. Roll Eyes

Good point, I am also a Quark supporter and to me it´s refreshing to discuss issues rather than pretending that everything fine. It is neither with Quark nor with any other coin. This is still an evolving market and things are in experimental status. Having said this I personally believe that PoW will face some real issue as long as there are multipools. To make PoW work properly the coin needs to be valuable for the miners. But even if the value will rise which I expect to happen for many coins this won´t automatically lead to a stronger network as Multipools will constantly seek the strongest coins and dump them to pump another coin.

However, I don´t believe that multipools will eventually be the end of PoW, I rather believe that they exist at the current moment because there is a lot of competition about who will be number 2 in the crypto market. In my opinion it is very likely that the gap between frontrunners and copycoins will grow and with it the interest in multipools will be lower than now.

I think we should be open to discussions about how the Quark protocol can be changed to make it stronger and more efficient and we shouldn´t exclude major changes like switching over to PoS. However, if it is done it should be a decision of the community as a whole to make it transparent and fair for all stakeholders. This would be the demontration of a real community.