Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [QRK] Quark | cPoW | PC mining | Stability | Hashcows - QRK Payouts
by
quarkfx
on 04/07/2014, 20:29:38 UTC
Just shortly because I lack time (traveling this weekend, weehee)

@cryptohunter

Okay, the companion coin. Let's discuss the best way to bring this in. Premined and ipo sold only for qrk only.

I didn´t think of IPO or sold for Quark only. Imho that´s not necessary. If the coin is premined it shouldn´t be given out just like that but dedicated to specific activities. This is the only valid and acceptable way to do premine. It would finally be a reward not only for keeping the network up but also for keeping the community developing. Both are important and I don´t see that even one coin did this kind of "premine".

With regard to the superblocks, please comment on the idea I am going to write down below.

@orm

Ah, damn, yeah, forgot it is you Wink
@1 I mentioned Bittrex because it will be easy to get there and many traders use it. No matter where the coin is: people will dump. I see that happen on every exchange. We should be agnostic here. Would people invest? I don´t see why they won´t if both are distinguishable and if it is not necessary forver.

Also, we could integrate the superblock idea with the companion coin: The coin could run for 3 years and then the "experimental coins" are integrated in the Quark blockchain as superblock (or differently: people who hold the experimental coin will receive shares of the superblock. Idk...maybe just a thought. Need to think about it again.

@2 The perspective is a growing community and a stable hashrate imho. This is more valuable than anything else.

@3 Not sure if that would be too complicated?

@Distribution

Basically my idea was that it is distributed via mining but that you can ALSO receive coin for being an active member of the community. I believe the problem with premine is, that there is huge part of the whole amount that can be dumped at any time. If we distributed the community premine like a faucet we would have one motor to keep community activities up.  10% was only a number. It could be anything. It could 2 or even 50%.