Virtual Currency - Alt Coin Discussion Thread - Page 5 - Business, Finances and Investing Forum

Quark is trash, yet more and more people are drawn in every day. This is turning into the biggest scamcoin in history. Bill Still is nothing more than a snake oil salesman. I have nothing against the technology (its great having 30 second blocks and an ultra secure hashing algorithm), I just can't stand the idea of making Bill Still and his cronies rich. Don't be fooled by Quark's apparent valuation. After taking into account a premium for liquidity, the fact that early adopters of Quark have huge holdings and that no one of any intelligence will ever accept this in exchange for anything of substantial value, the currency is garbage.

Who am I?
-Recent MBA grad (finance specialization) from a top tier Canadian school
- ~100K total in BTC and LTC holdings
-going to be selling 2 of my rental properties this spring and accepting BTC and maybe LTC
-done hundreds of hours of research on cryptocurrencies
-In the process of purchasing a $1M+ business and I will likely adopt BTC or LTC as a payment option

Talking about Quark's http://coinmarketcap.com/ rise to fame is also a joke. A market cap of a currency should not be valued based on only on the last trade. It should use some sort of a weighted average price approach that takes into account the entire # of coins outstanding. This way people will not fall victim to low volume and high price movements caused by shameless promoters like Bill Still. Valuing a cryptocurrency market cap based on the last trade (especially when there is market manipulation going on.. quarkcoin) only makes sense if there is a never ending supply of greater fools than the last.

Please do not fall victim a 98% pre-mined scam coin. There are not enough fools to bail you out. There is only enough to make Bill Still rich.

Put it this way... I'll NEVER accept quark and neither should you.

+1

Agree with everything here. When it comes out that it was a complete scam it's going to be bad for all alt-coins.

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12-11-2013 , 07:28 PM

#102

PrimordialAA

Carpal \'Tunnel

Join Date: May 2007 Posts: 11,673

What are the best coins to mine atm? Don't know if there is just a clear/easy answer on that, but I have a nice mining setup for LTC, I know BTC is getting much harder in difficulty (and cost of entry) are there any other ones that are considered good for mining currently?

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12-12-2013 , 04:35 PM

#103

onemoretimes

Pooh-Bah

Join Date: Sep 2012 Posts: 3,535

Quote:

Originally Posted by PrimordialAA

coinwarz.com

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12-13-2013 , 11:15 AM

#104

noname6520

veteran

Join Date: Feb 2008 Posts: 3,414

Quote:

Originally Posted by ScreaminAsian

i think silver is used in industrial chemical manufacturing. idk how much, but there are people that use silver to help make stuff.

correct. many of the metals have use in the chemical manufacturing industry. They are used as catalysts.

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12-13-2013 , 12:29 PM

#105

Gullanian

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Join Date: Dec 2006 Posts: 14,014

Silver is also the most conductive metal afaik

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12-13-2013 , 02:19 PM

#106

TomCollins

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Join Date: Jul 2003 Posts: 43,058

Quote:

Originally Posted by Gullanian

Silver is also the most conductive metal afaik

Copper is really close and doesn't corrode like Silver.

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12-13-2013 , 03:14 PM

#107

maxtower

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Join Date: Sep 2005 Posts: 7,996

Quote:

Originally Posted by TomCollins

Copper is really close and doesn't corrode like Silver.

So you're saying we need a copper to Litecoin's silver?

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12-13-2013 , 03:16 PM

#108

TomCollins

Carpal \'Tunnel

Join Date: Jul 2003 Posts: 43,058

Quote:

Originally Posted by maxtower

So you're saying we need a copper to Litecoin's silver?

Quarkcoin IMO! Or Feathercoin or Sexcoin or BBQCoin. I'm rooting for BBQCoin.

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12-13-2013 , 03:41 PM

#109

fnx99

G2p2 HU Champion

Join Date: Sep 2007 Posts: 5,259

Quote:

Originally Posted by TomCollins

Quarkcoin IMO! Or Feathercoin or Sexcoin or BBQCoin. I'm rooting for BBQCoin.

if somebody is interested i can put up a tutorial how to mine quarks in the cloud

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12-13-2013 , 04:26 PM

#110

TomCollins

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Join Date: Jul 2003 Posts: 43,058

Quote:

Originally Posted by fnx99

if somebody is interested i can put up a tutorial how to mine quarks in the cloud

I'm hungry, would rather have BBQCoin. Any guides on that? Looking for maybe some brisket with a side of potato salad.

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12-14-2013 , 04:26 PM

#111

vento

journeyman

Join Date: Mar 2009 Posts: 326

Regardless whether you are going to mine or buy some virtual currency, what would you purchase if you had to or would get them for free ( worth $1000 for example)

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12-14-2013 , 04:51 PM

#112

TomCollins

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Join Date: Jul 2003 Posts: 43,058

BBQCoin or Hobonickels

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12-14-2013 , 11:22 PM

#113

equity_pls

centurion

Join Date: Mar 2013 Posts: 156

Quote:

Originally Posted by PrimordialAA

https://www.multipool.us/

you just configure the miner and it automatically
chooses the most profitable altcoin to mine

very easy to use and if you have a good setup
(AMD graphic card is essential, don´t bother with Nvidia)
you are good to go...

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12-15-2013 , 12:01 AM

#114

SuperWhale

adept

Join Date: Feb 2007 Posts: 1,075

Quote:

Originally Posted by equity_pls

https://www.multipool.us/

you just configure the miner and it automatically
chooses the most profitable altcoin to mine

very easy to use and if you have a good setup
(AMD graphic card is essential, don´t bother with Nvidia)
you are good to go...

Do you just trade them for BTC then?

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12-16-2013 , 02:15 PM

#115

maxtower

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Join Date: Sep 2005 Posts: 7,996

Quote:

Originally Posted by TomCollins

BBQCoin or Hobonickels

Hobonickels are clearly superior.

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12-16-2013 , 05:56 PM

#116

TomCollins

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Join Date: Jul 2003 Posts: 43,058

Quote:

Originally Posted by maxtower

Hobonickels are clearly superior.

I dunno, Dogecoin making a strong run.

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12-16-2013 , 11:28 PM

#117

2+2=5

Pooh-Bah

Join Date: Sep 2008 Posts: 3,539

lol

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12-16-2013 , 11:30 PM

#118

2+2=5

Pooh-Bah

Join Date: Sep 2008 Posts: 3,539

dayum. it's actually real

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12-17-2013 , 09:37 AM

#119

Iamcloud

grinder

Join Date: Sep 2011 Posts: 645

Quote:

Originally Posted by TomCollins

I dunno, Dogecoin making a strong run.

sold 1 million dogecoins for 15 ltc. Pretty sick considering I only mined them in 1 day with 1 mh.

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12-17-2013 , 12:22 PM

#120

motherknowsbest

grinder

Join Date: Nov 2012 Posts: 444

unfortunatelly I am too stupid for mining :/

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12-17-2013 , 12:27 PM

#121

TomCollins

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Join Date: Jul 2003 Posts: 43,058

Quote:

Originally Posted by Iamcloud

Brag sold 1 million dogecoins
Beat for 15 ltc.
Variance Pretty sick considering I only mined them in 1 day with 1 mh.

FYP

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12-17-2013 , 06:11 PM

#122

Calpeman

centurion

Join Date: Aug 2004 Posts: 132

Such serious thoughts:

The guy who runs just-dice just set up doge-dice for Dogecoin. It looks like 1Billion Dogecoin (400BTC) might get wagered in the first 24hours of this site. This is about 10% of the volume just-dice has been doing lately. Based on this Id say dogecoin market cap should be 10% of BTC so about $800M. With current doge market cap at around $3M, Id say this is very much buy! So wow!

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12-17-2013 , 06:25 PM

#123

Jonathan Wu

grinder

Join Date: Dec 2008 Posts: 410

The amazing thing about dogecoin is that, people that were never into cryptocurrencies are now intrigued and participating in it.

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12-19-2013 , 11:26 AM

#124

SmokeyQ123

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Join Date: Nov 2007 Posts: 6,583

Quote:

Originally Posted by equity_pls

https://www.multipool.us/

you just configure the miner and it automatically
chooses the most profitable altcoin to mine

very easy to use and if you have a good setup
(AMD graphic card is essential, don´t bother with Nvidia)
you are good to go...

Aaaahaha, I started mining some dogecoin today for fun as I've never mined before and wanted to see the coins roll in (only using a hd 6850, not expecting profits). Went to multipool and see they're mining doge