Bill Still on Cryptocurrencies

[JohnQPublic]

http://youtu.be/nIkpZ73GMG4

[mick silver]

does this mean we will be going to war with china

[Serpo]

Crypto-Currency Market Capitalizations


http://coinmarketcap.com/ (http://coinmarketcap.com/)

[Serpo]

https://www.youtube.com/watch?v=2e8o-UcWY54https://www.youtube.com/watch?v=2e8o-UcWY54

[JohnQPublic]

Crypto-Currency Market Capitalizations




http://coinmarketcap.com/ (http://coinmarketcap.com/)

Bill and Max Keiser both endorsed the Quark




http://coinmarketcap.com/img/Quarkcoin.png QuarkCoin (http://quarkcoin.org/)
$ 55,682,331

$ 0.23 (http://www.cryptocoincharts.info#jump-qrk-btc)
245,621,697 QRK
+293.79 %

[EE_]

http://youtu.be/nIkpZ73GMG4

JohnQ, how did you make your first buy.
Did you give a checking account number to an exchange?
Can you buy Quark now?
Why so many Quark compared to bitcoin?

[JohnQPublic]

JohnQ, how did you make your first buy.
Did you give a checking account number to an exchange?
Can you buy Quark now?
Why so many Quark compared to bitcoin?

I have not bought any yet. Go to Cryptsy.com (https://www.cryptsy.com/users/register?refid=34028). You can buy them there with BTC or LTC, or do some intermediate trading to get there (no US$ yet). Visit the Virtual Coin section to learn more.

[EE_]

I have not bought any yet. Go to Cryptsy.com. You can buy them there with BTC or LTC, or do some intermediate trading to get there (no US$ yet). Visit the Virtual Coin section to learn more.

I was hoping to hear about the money transfer part. Best way to do it?

[mick silver]

can i keep my mickcoins in my biker wallet

[Ares]

I was hoping to hear about the money transfer part. Best way to do it?

The easiest solution is probably coinbase.com. If you do a wire transfer to any of the other exchanges you're going to wait weeks before you even get a confirmation that it was received.

If it were me, I'd buy a Bitcoin at coinbase and transfer it to whatever exchange you want to trade on. Or take the Bitcoin and just hold on to it in a wallet that you control. All depends on what you want to do with it.

[EE_]

The easiest solution is probably coinbase.com. If you do a wire transfer to any of the other exchanges you're going to wait weeks before you even get a confirmation that it was received.

If it were me, I'd buy a Bitcoin at coinbase and transfer it to whatever exchange you want to trade on. Or take the Bitcoin and just hold on to it in a wallet that you control. All depends on what you want to do with it.

So I need to go to the bank and do a wire transfer to coinbase, right?

[Ponce]

The fools are falling into the trap and by the time that they wake up......all will be gone.

With so many ways to know what you are doing...what makes you believe that they don't know?


V

[mick silver]

The fools are falling into the trap and by the time that they wake up......all will be gone.

With so many ways to know what you are doing...what makes you believe that they don't know?


Vponce i will sale you a mickcoin for 100 rolls of TP

[Ares]

So I need to go to the bank and do a wire transfer to coinbase, right?

Well kind of. They link up with your checking account (if you want, it's quicker). The interface and payment options remind of Paypal. They'll pull directly from your checking account to buy a coin, and deposit the money directly into your account if you sell a Bitcoin. I believe they are doing that to get around having to register in the U.S. as they technically do not hold any funds for their customers. They are based out of San Francisco and overall is a trusted platform. It's just the country they are based in that isn't trusted in the Bitcoin community.

[mick silver]

checking account ........... and no one knows who you are .

[Ares]

checking account ........... and no one knows who you are .

If he buys the Bitcoin at coinbase, creates an account at cryptsy, or btc-e and does trading on any of those websites which don't ask for identifying information. How will they know who he is again?

[Ponce]

To me even an empty cardboard roll will be more valuable because I will be holding something...

V

[mick silver]

ponce i will sale you a mickcoin for 100 rolls of TP

[Serpo]

Quarking ...................

[JohnQPublic]

Quarked...

Prices dropped today. Buy more?

[Horn]

Quarked...

Prices dropped today. Buy more?

Quark seems the best Evil money for the money,

They've managed to greatly reduce difficulty in that stupid notional mining phase, and have 98% of their coins available within 6 weeks.

A great efficiency leg up on all other E-coins, while incuding the overly unnecessary multi-layered encryption for free, as a sales point.

Best wooden nickel and E-coin by far.

[Horn]

So I need to go to the bank and do a wire transfer to coinbase, right?

Just go to Bernanke directly and tell him you'd really like to promote some high $ velocity, he'll set it all up for you.

I think Costa Rica blocks any of these coin wallets from syncing, so its either that for me, or the dark cloud option.

[Serpo]

I think Costa Rica blocks any of these coin wallets from syncing, so its either that for me, or the dark cloud option.


Why do you think that C R blocks the coin wallet

[Serpo]

Quarked...

Prices dropped today. Buy more?

2c to 27 c down to 13c atm

[Horn]

Why do you think that C R blocks the coin wallet

Well they've had trouble with cryptos being busted in the past.

But I was wrong, as EE_ stated the Quark wallet just takes about 2 hours before it even starts to show that it is syncing.

We should be on the road to E-leeching very soon here, with the Dark horse Quark out of the gates.

[JohnQPublic]

Quark took really long to sync, and never got more than 4 active connections. For several hours it limped along with 1 active connection. I think everybody and his cousin from Arkansas may have been trying to do an initial sync last night. I think it worth grabbing a bit more of, especially seeing it is on sale now.

[Horn]

I think everybody and his cousin from Arkansas may have been trying to do an initial sync last night. I think it worth grabbing a bit more of, especially seeing it is on sale now.


http://www.youtube.com/watch?v=gzdWPwVTWsI

get yourself cooler, lay yourself low
coincidental murder, with nothing to show

[Serpo]

Im working on a design for Quarks as there is a competition for this
will post it when its finished but will take a few days too complete

[Horn]

Im working on a design for Quarks as there is a competition for this
will post it when its finished but will take a few days too complete

Whatever do you mean, Petruchio?

a competition?

[Shami-Amourae]

I tried to warn you guys Quarks were a scam. They are almost all pre-mined. Even jsnip4 figured it out:

http://www.youtube.com/watch?v=vMSPTnd_vRQ
Honestly, I think Bill Still and Max Keiser were paid off a lot of Quarks to promote it. It was a literal pump/dump Ponzi scheme like all the Bitcoin critics claim Bitcoin is. Quarks were owned by only a small number of people who mined it and it's almost fully mined.

Bill Still has lost a lot of credibility with me. He's a literal sell out. He is all against cryptocurrencies, then one day wakes up and is all for Quarks (but not Bitcoin/Litecoin.) That doesn't add up.

Just earlier today Quarks were #5 on this list:
http://coinmarketcap.com/

Now they even aren't on the list!

[Serpo]

Whatever do you mean, Petruchio?

a competition?

Yea ,they want a new logo

Whether Quark survives or falls who knows but Ive got a great idea for the logo ,something I was thinking about just prior to ever hearing about quarks.

Its still secret.


http://quarktalk.com/index.php?p=/discussion/3/quark-logo-contest-120000-00-qrk-pledged#Item_39


(http://quarktalk.com/index.php?p=/discussion/3/quark-logo-contest-120000-00-qrk-pledged#Item_39)

[Serpo]

I tried to warn you guys Quarks were a scam. They are almost all pre-mined. Even jsnip4 figured it out:

http://www.youtube.com/watch?v=vMSPTnd_vRQ
Honestly, I think Bill Still and Max Keiser were paid off a lot of Quarks to promote it. It was a literal pump/dump Ponzi scheme like all the Bitcoin critics claim Bitcoin is. Quarks were owned by only a small number of people who mined it and it's almost fully mined.

Bill Still has lost a lot of credibility with me. He's a literal sell out. He is all against cryptocurrencies, then one day wakes up and is all for Quarks (but not Bitcoin/Litecoin.) That doesn't add up.

Just earlier today Quarks were #5 on this list:
http://coinmarketcap.com/

Now they even aren't on the list!

It is a new area and whether a person learns the hard way or the easy way is up to them.

Quarks got me interested in the crypto world and this week have learnt heaps.

Banks have ledgers but now with computers we can all have our own ledger.

This makes banks obsolete in the way that we need them to do transactions.

The banks money is counterfeit as they have something physical they call money but 94%of the banks money isnt printed.So its virtual basically anyway ,no better than a crypto currency.

I think they will grow and that bitcoin isnt necessarily going to make it because it was invented first.Only a few of these will make it and now there is one coming out .....e gold ....which is going to be so called gold backed,what ever that means.


Anything is better than banks and this is a good enough reason to at least try and understand crypto currencies.

Fascinating....................


Quarcks thing is that it has 5 levels of encryption where as the others have one.

Maybe important in the future and less hacking problems.






eazybrah (http://quark.freeforums.net/user/1507): #QRK block explorer severs under attack resulting in delisting from http://coinmarketcap.com & panic selling. Hold tight or buy more. #Quark
http://quark.freeforums.net/

[Horn]

Yea ,they want a new logo

Whether Quark survives or falls who knows but Ive got a great idea for the logo ,something I was thinking about just prior to ever hearing about quarks.

Its still secret.


http://quarktalk.com/index.php?p=/discussion/3/quark-logo-contest-120000-00-qrk-pledged#Item_39


(http://quarktalk.com/index.php?p=/discussion/3/quark-logo-contest-120000-00-qrk-pledged#Item_39)

Some really polished candidates there, I like this guy's.

5780

[Son-of-Liberty]

One thing that people don't realise about a coin that is easily CPU mined is it actually makes it easier, not harder for a small group to monopolize the coin.

This can be done in a number of ways.

One could create a bot-net which is a virus that infects peoples computers and makes them mine for a cryptocurrency. This is a problem for coins that are better mined by GPU as well but not everyone has a high end graphics card, and those that do tend to be more computer savy and better at detecting and eliminating viruses so bot-nets are much more effectively used on CPU biased coins. Primecoin another coin that is supposed to be CPU biased is often referred to as botnetcoin in some chat boxes.

Also if one had access to a computer lab at a university, high school or tech school it would be relatively simple for them to program them all to mine for coins using a CPU.

Lastly cloud computing is relatively cheap to rent on the internet. Places like https://www.digitalocean.com/ let you rent computing power for $5 month. For a coin like QRK this is perfect because the mining life is so short the creator of QRK could simply rent out a huge amount of CPU power for a month or two and monopolize the coins. I suspect that this is what was done with QRK. With such a short mining cycle and no need to buy hardware it is a perfect scheme.

Once the mining cycle is over there will be very little incentive to mine the coin anymore and the network will fall apart without the needed hashing power.

[Horn]

Once the mining cycle is over there will be very little incentive to mine the coin anymore and the network will fall apart without the needed hashing power.

Quarks has fairly well completed its mining cycle with only 2% left, there's no need to worry about anymore hashing power requirement for the network as its been started without the need for the variable.

All other coins have that variable as a detriment to their future.

If, and as its existing new network grows it is in prime pre-positioned to provide stability and growth through efficiency.

[Son-of-Liberty]

Maybe I am missing something. What do you mean? "started without the need for the variable?"

The miners are the ones that process the transactions and secure the network.

[Horn]

Maybe I am missing something. What do you mean? "started without the need for the variable?"

The miners are the ones that process the transactions and secure the network.

Miners have been removed from the equation with Quark, the coins are available to market and secure in their own finite right.

The 2% left to be mined have little or no effect on the bulk of the market, while most other alt. coins either greatly exaggerated their mining limits to infinite or decrease ease of mining try to gain a market, Quark was made by a group of mindful investors, In my estimation they will be stacking it to gain eventual market stability as the sale to increase the network. While also catching the falling flakes from the Big fat Bit.

Its a dark horse coin.

[Son-of-Liberty]

They will have to encourage people to mine somehow. The only way they could do this is to vastly increase transactions costs which would hurt the utility of the coin.

Without enough miners powering the network transaction times grind to a crawl. I have seen this happen personally with coins like CNC. When people realize that it takes half a day to send a quark when it should take minutes they will abandon them.

I don't think you understand how the mining works. Without enough mining the network is also susceptible to a 51% attack where a single entity could take over the network.

[Horn]

They will have to encourage people to mine somehow. The only way they could do this is to vastly increase transactions costs which would hurt the utility of the coin.

Without enough miners powering the network transaction times grind to a crawl. I have seen this happen personally with coins like CNC. When people realize that it takes half a day to send a quark when it should take minutes they will abandon them.

I don't think you understand how the mining works. Without enough mining the network is also susceptible to a 51% attack where a single entity could take over the network.

Your reasoning would put all finite coins to death at the end of their mining cycle, no miners are needed in any way shape or form. If people are waiting for coins to be mined there aren't enough coins available. Quark has all theirs available, all that will ever be, and as many as Bitcoin will ever have. No miners are needed with Quark, it is complete, the only reason miners are used is to promote the ecoin market providing support. A sales gimmick to provide the coins freely to the market, as with all things that need inflation to grow.

The 51% attack is a possibility when mining exists, in Quarks case it doesn't exist, or even if it does mine its like a guy about to mine the last ounce of silver in the world trying to claim the entire market.

[Horn]

Which one was yours Serpo?

I thought this one attractive towards the nothingness.

Maybe minus the double Q
5785

[Son-of-Liberty]

Your reasoning would put all finite coins to death at the end of their mining cycle, no miners are needed in any way shape or form. If people are waiting for coins to be mined there aren't enough coins available. Quark has all theirs available, all that will ever be, and as many as Bitcoin will ever have. No miners are needed with Quark, it is complete, the only reason miners are used is to promote the ecoin market providing support. A sales gimmick to provide the coins freely to the market, as with all things that need inflation to grow.

The 51% attack is a possibility when mining exists, in Quarks case it doesn't exist, or even if it does mine its like a guy about to mine the last ounce of silver in the world trying to claim the entire market.

My reasoning is not flawed. Coins like BTC and LTC take decades or longer to reach the 98% mined stage of their life cycle. By that time they will have established their own economies and be useful currencies with enough daily transactions to pay the miners out of the transaction fees. At this stage QRK has no use but speculation so removing the incentive to mine is a mistake as there are not enough transactions to charge fees on to pay the miners a reasonable sum so hashrate will fall off a cliff leaving the coin slow and susceptible to attack.

If hashrates fall too low a coin can actually die it has happened before.



DEAD / DYING :


-TDC TradeCoin- 100% premine LTC clone experiment. Dying.
-NUC NuCoin- premined LTC clone. officially dead.
-6CN 6coin- LTC clone. Never really picked up.
-PWC Powercoin-] LTC clone. 30 sec blocks. killed by 51%
-SRC sunrisecoin- LTC clone. 0 starting diff. Dying because of no prime node from the start.
-Icecoin- DoA, relaunched by someone else and dead again..
-HYC Hypercoin-LTC clone + premine. dying of extremely low hashrate
-ELACoin- progtresive inlfation. tripple-failed launch - DOA
-LQC Liquidcoin made to be very fast at constant difficulty, dead [pool closed, exchange closed]
-SC Solidcoin - dying (10-20% fee), designed to improove IxCoin, hard to be neutral on this one, 1.0 was a premine scam, 2.0 says BTC is pyramid scheme.
-GG Geist Geld experiment on BTC algorithm, how fast can it go? just for sience.
-TBX Tenebrix interesting idea of cpu-friendly mining with scrypt, but premined with 7.7milion coins
-FBX Fairbrix- Tenebrix without the premine, bad launch, alive but little support.
-CLC Coiledcoin- some nice ideas, but killed in 51% attack
-RUC Rucoin- copy of bitcoin, only difference is that it was developed in russian not english. Dead, than reborn much different, not confirmed if it is the same blockchain, both scrypt[like LTC] and sha256d , nice client !warning! not opensource ! dying again https://www.rucoin.org/
-TimeKoin - PHP webbased coin, alive but not used or traded. http://timekoin.org/
-Beertokens-abitious [impossible?] try to stabilize price against commodity.
-MMM MMMcoin - Dead coin by notorious scamer SPMavrodi, named "yes we can" "my mozem mnogoye" 30s between blocks, retarget every 1440 blocks. 10T premined and 0.01 reward, fees "shredder" feature, 51% protection. Abandoned by developers

https://bitcointalk.org/index.php?topic=134179.0

When someone successfully makes a 51% attack they don't just potentially get all the coins mined after that but they actually take over the network. People might not be able to send or receive their coins at all unless they are part of the attackers network. That could render all coins useless.

Stop talking out of your ass. It is obvious you have no idea about this stuff. A healthy network with a high hashrate is essential to a healthy cryptocurrency.

[Horn]

Quark is the most finite and efficient coin on the market, because it has completed its mining cycle. Of course it is relying solely on the excited transfer market itself for its wings since introduction. It is invulnerable to fluctuations in the symptom of hash rate or mining.

A dying coin has less hash rate because it is dying or the difficulty has increased over the profitability. Bitcoins themselves were increasing in difficulty to a point that individual and pooled miners were starting not to see any profitability. Until bang reinvestment in specific hardware and practices returned it to above the waterline.

If World coin takes a hit in the price book at this juncture it could be devastating if mining of it continues at the same pace not allowing the difficulty to melt away.

[JohnQPublic]

There are competing theories about how currently unknown to man until computers-got-this-powerful new currencies will work in networked markets. Theory is theory until borne out. Granted if a theory is rubbish, stay away from its product. I took a small risk and traded for some quark. I'll just watch it for a while. In the mean time the 50 free world coins ( ;) ) and the extras I bought keep my overall holding in virtual currencies quite positive!

[Son-of-Liberty]

OK whatever horn, you went from skeptic to having this all figured out. Are you Bill stills? lol

[Jewboo]

It is obvious you have no idea about this stuff. A healthy network with a high hashrate is essential to a healthy cryptocurrency.




http://www.techi.com/wp-content/uploads/2011/01/Kill-the-Internet.jpg

http://4.bp.blogspot.com/-2GJkFUWj1Qc/UkG5oCyz2MI/AAAAAAAAAVY/sJmc4L1ze3s/s200/grid+down+collapse+2013.jpg


:rolleyes:

[Horn]

OK whatever horn, you went from skeptic to having this all figured out. Are you Bill stills? lol

This man Son-of-Liberty is a worthy opponent class for any of my many pet ninja beanie babies. :)

In all seriousness, I believe it is a dark horse coin that will (if not subverted) be most accessible to the masses and designed best suited for the specific purpose of delivering to the masses of people everywhere their gift dream of crypto-decentralized nothingness.

Plus there's a logo competition going on for 120k in Quarks, who would want to miss out on one of those?

Checkout its blog's captains post...

http://quark.freeforums.net/thread/278/understand-quark-got-distributed-popular

[Horn]

http://www.youtube.com/watch?v=vMSPTnd_vRQ

This guy doesn't even know how to pronounce Quark! He calls it like it is a Cwork!

Quark currency is reverse deflationary from the get go, everybody needs a use inflationary currency.

All others will pale in comparison.

[Serpo]

https://www.youtube.com/watch?v=4dm0W6vIadU#t=17https://www.youtube.com/watch?v=4dm0W6vIadU#t=17

http://dailysilverupdate.com/blog/2013/12/chinas-central-bank-warns-about-bitcoin-crashes-market-below-1000/

[Serpo]

Which one was yours Serpo?

I thought this one attractive towards the nothingness.

Maybe minus the double Q
5785

Art is kinda my specialty and the ideas where coming too me before I even had heard of quark .

Like a week before and its going to take a bit of work and time but my logo will not be similar to anything thats been posted up there so far.

The stuff posted so far while nice and interesting in a modern sort of way and some not so good is basically still old school stuff, rehashed.


When we are talking about a logo representing some sort of money then perhaps it needs to be a little more complex and simple at the same time.


Few more days yet before mine will be ready.

That logo Horn you posted ,while not so bad to look at and pleasing on the eye ,maybe a little bit simple and the word dosnt need to be in the logo.

The Q is a little stylized , its not really enough to represent something completely new in an old way.

[Serpo]

Screw the banks ,lets start our own....................the banks maybe obsolete......I hate them ........

Bitcoin for instance and other cyptos can be used for purchase without having to worry about currency fluctuations from one country to another.

This maybe early days of something huge............who knows. its not something a person needs to spend big on as it can be done on a very small scale,investing in cryptos that is.

They fluctuate like crazy and if you are lucky enough to make some money then take out what it cost you in the first place and then its playtime.

[Horn]

https://www.youtube.com/watch?v=4dm0W6vIadU#t=17https://www.youtube.com/watch?v=4dm0W6vIadU#t=17

http://dailysilverupdate.com/blog/2013/12/chinas-central-bank-warns-about-bitcoin-crashes-market-below-1000/

Shit, I should've purchased yesterday, :)

If Quark were designed to draft towards a win, today would be the day to make a breakout move.

[JohnQPublic]

Shit, I should've purchased yesterday, :)

If Quark were designed to draft towards a win, today would be the day to make a breakout move.

Buy today: $0.10 each. $100 = 1000 Quarks

[JohnQPublic]

http://youtu.be/0ocSszoz1Zk

[Serpo]

Here we are with people telling us they are going to perhaps use bail ins and take your money you have in the bank and people are wondering what good are crypto currencies.


Gold and silver is of course the most important .

But for transactions world wide ,whats wrong with using crypto currency ........

no bank fees ,no currency fluctuations problems

screw the banks..................

[Serpo]

Buy today: $0.10 each. $100 = 1000 Quarks




i got 500 just before at that price

Thats the time to buy ,when theres blood on the cyber streets.

[Horn]

But for transactions world wide ,whats wrong with using crypto currency ........

If anything it gives Banks an excuse scapegoat out of the collapse.

The focus for now is off of them and onto Crypto isn't it?

Changing what assets you are holding does nothing in real terms.

[Horn]

Buy today: $0.10 each. $100 = 1000 Quarks

Yeah, or 5oz. of silver... you bitkin poop.