Post
Topic
Board Altcoin Discussion
Re: Quark investors - Quark information on cycles and the push to move towards PoS.
by
victzhang
on 31/05/2014, 15:47:03 UTC
Quote
PoW coins with low/no block reward have been shown to not work. A recent failure is Coin2, which was under massive attack and had to implement PoS after that. The attacker even posted in the ANN thread and claimed that he earned 20+BTC by 51% attacks. Considering Coin2 only has a very small market cap, 20BTC is a huge number. Quark could be the next Coin2 if we blindly believe Quark is unique and shouldn't be changed in anyways, and don't take any measure to increase network security.

Not the best example.  Coin2 PoS was 51% attacked.

ha ha..

That simply shows the fact that implementing PoS and not asking people to open their wallets do not work.
However, it is WAY easier to encourage people to open their wallet than to mine. For Quark I don't think it's a problem because there is a strong community behind it.