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.
lets address this :
sorry for the bump i know this is embarrassing for some so they'd much rather it sink to obscurity, because what this topic is effectively saying is that all of the crypto market is manipulated on the mining side to a large degree.
some people might take that for granted, some people might be fine with it, but as stated Crypto is marketing itself as the free market money option, yet there are glaring mining monopolies the only thing stopping the market from imploding and evolving on that basis is a general lack of education.
lets talk about 51% attack FUD - :
checkpoints are the bane of a monopolists existence - this is why in the early days they tried to label checkpoints as "centralization" ha ha , that's right have you ever met that one cult religious weirdo that takes all the actions he preaches against then calls others "sinners".
it kind of like that but without the religion -
Checkpoints just say what chain the community agrees is the block-chain in some far out anarchist type thinking the fake anarchist (who is really a monopoly capitalist) says that's somehow "centralizing".
if community is "centralizing" then correct.
With distributed checkpoints, at best an attacker which will likely be one of these monopolists (either government or bank agency) can disrupt our network , in the same way that a DDoS did or has not killed any company in the history of the Internet is in the same way that an attack on a chain with distributed checkpoints can not hurt a Crypto.
If your transaction is in the chain with the checkpoints, the one we all agree is the chain, then there is 0% chance of loss.
so to those concerned in the community about this fear , please run a checkpoint , there is absolute freedom to do so - we have our core checkpoints and anyone can run one.
I'd be happy to make a further appeal to any of the veterans of Check-pointing and blockchain security i.e Balthazar < (previous incarnation here) and SunnyKing < (of Prime and Peer fame) to come check out code and test our network for security.
But i can say when our Developers put in place the checkpointing ( credit to Shake on this one) they were able to contact and discuss the situation with SunnyKing.
Summary so what's the attack threat all about ?
its called :
Problem Reaction Solution
its a funny old game, create a problem that does not exist (The Attack) wait for the reaction or ask for a reaction (Fear of an Attack) present a solution that is to your benefit. (monopoly)
but we will talk about that more later.