I'm going to ask a favor and for all the well known core investors to keep comments on Qtum slack to a minimum. I'm going to do the same no matter what. The Bitcoin community will take it from there. They don't forget. Except fake profiles. I've left a long winded summary on their bitcointalk with links summarizing what happened.  It's not our problem if they ignore it. We have said our peace.

Every comment spent against Qtum is a comment spent not promoting the software we have here that you have all invested in. Its time we could spend marketing and showing new people how to do smart contracts and use the decentralized markets and search for bugs.

It's sad to say but I cannot change the evil in the hearts of men. I can only destroy the evil in my own heart. And as I said on slack we will make this little "scamcoin" BitBay blow everything else out of the fucking water. We don't need to ask for new investment. We won't ask for angels. We will just show them the power of decentralized pegging and increase the community size. As we have been doing so positively this year. Lets keep it up.

Let me be very specific here. And you investors make up your mind from there. This will elaborate on my somewhat emotional conversation on Slack. My hands were literally shaking from emotion as it brings back very painful memories. I'm not afraid to confront it again though.

The point being he got 10% of BitBay for free that was sold on us. He got 191 BTC minus the 20 he put in the dev fund.

The dev fund was 100 btc. There was 5 members so you divide that by 5. Thats 20 each.

This deducts it to 171.

Steven did release the 2nd key to that multisig. It was a dev fund it wasn't Stevens money other than 20 btc.
https://blockchain.info/tx/7b1c9d0e062bdb61dd0565a98a1136c028c2b5bc05a0fa859aac2dde3d22d6ce?show_adv=false

Bob and Gekko stole some of it so that lowered it down from 100 to roughly 50-60. I would have to check year old Skype logs to know exactly what Steven said they took.

Steven told me via Skype that him and Lin from BTER would raise it to over 100 but they never did. Instead he just gives me the 2nd key
to the multisig (you know its multisig BitHalo because it starts with a "3").

So if Steven/Lin added anything to that it was less than 16 btc. Since Bob and Gekko got 1/2 of the dev fund.

So that means Steven got 155-171 BTC and 10% of BitBay which he got for free. Steven Dai will not be wise to deny those numbers.
Then he admits much later that him and Lin bought some at the bottom so potentially Steven had 20%.

Dai will not deny this as he knows we can produce more chat logs and he himself can probably give you txids of his wallets. Ask him yourself.

He then proceeded to sell all of that on BitBays head while I stayed and built this project. He got free coins and didn't stay to help build this. Him leaving in 2015 is immediate. He started BitBay in November 11th 2014 so thats only a couple months. Our statement stands. By his own admission, he did in fact abandon this project with investors money and did no work in return for it.

If anyone thinks that is okay then that is very sad indeed.

If Dai wants to say he and Lin did not sell all their BitBay all he has to do is send .001 BitBay from each account he holds to prove how much he has left. Of course that will never happen. He rambled on slack about "Giving it to BTER" whatever that means. It went to the inky void I guess.

Why did I say "Steven is a nice guy" after the ICO went south? I was not happy with him at all. Lets make this clear. But I do try to be professional. Because everyone in BitBay was told by Steven himself he would not leave the project which turned out to be a lie. I have skype logs of me trying to contact him for years. Google voice logs of me trying to call him to no avail. After repeatedly pestering him he gave 500 dollars. He said he would do so every month. That also turned out to be a lie. I sent him messages monthly and private emails and phone calls which all got ignored after that. Dai may also claim he paid for a website and this is true as well. Our team did try to get him to participate it was extremely hard and was more work than its worth.

Dai raised the point that Elmer asked for a settlement. That is Elmers business, not ours. He got seriously effected since he flew to China and met Gekko and Dai and Lin in person and lost over 100 bitcoins. I personally have no interest in Dai's money. All I wanted was his time and energy to honor his word to investors.

Most importantly, this is the skype log where Dai pumps the coin with his own money
https://pbs.twimg.com/media/C5PCSNkWcAIrAay.jpg:large

Then he gets it all back with a refund from Lin(BTER). Lins exchange later gets "hacked" for millions of dollars in their cold wallet. They gave Bobsurplus 500 BTC before the project even finished funding which is extremely crazy. There is a txid for that. Bob claims he "did marketing" for that. Instead he FUDs his own project from Bays launch since it was a character assassination. The project was set up to crush me, it was a hit job. They chose the "Baywest" toilet paper logo for the BitBay logo. Something Gekko and Bob were proud of. None of their financials were made aware to me until I saw the ICO funding. I was the one to blow the lid open on it. Bob/Robert Duskes/International Rob was counting on that, used fake profiles to shill me the second the ICO started, Barabbas is Iconicexpert and Bobs shill profile(tons of evidence they use this to shill on the internet on reddit and other forums this was already exposed), and you can get clear evidence of shilling by looking up "Diabolic" for example on bitcointalk which Gekko/Ryan Wright created for the sole purpose of attacking me.

Bob starts a "Zimbeck is a scammer" thread to divert attention. No actual accusation was made by the way, its just a dump of chat logs proving i knew him. Guilty by association. And to be honest gets me upset that Bitcointalk mods did nothing about it. Mprep seemed to be partial to Bob in private convos which makes me lose a lot of respect for this forum. Theymos never even responded to a single message despite me trying at his emails, reddit and BCT. Because of the chat log spam it ranked high on Google. Bitcointalk lets anyone post an accusation and these propagandists counted on it.

To make matters worse they had been using me as a fall guy from the day the ICO ended and you can see evidence of this. Kronengburg broke under pressure and admitted to being paid to harm my rep. You can look at his comment history if you like.
https://bitcointalk.org/index.php?action=profile;u=377396;sa=showPosts

Steven was just a liaison for Bobsurplus and Gekko. I didn't know who Bob was until a few days before ICO. They needed my name for the destruction of my reputation and profit off the years of hard work I put into Halo.

They all worked together on BitSwift as Paul from BitSwift will confirm. Its really old news. I made the mistake of claiming Steven was involved in Ghostcoin and that was a rumor I had heard a long time ago which i realize can't be backed up. However I do think Steven will even admit himself working on BitSwift and Paul can back up my claims and I doubt Steve will deny this. BitSwift was a Bobsurplus thing and that is not good news. Paul tried to warn me after ICO but by that time it was too late.

A bit of info on bobsurplus and what he did to BitBay:
https://bitcointalk.org/index.php?topic=891356.0

We don't want to relive the past. Just be aware this is the guy running Qtum. It saddens us that Qtum is going forward with an ICO despite all this. We won't "fud" Qtum. We simply tried to prevent further damage Dai might cause by enriching himself with investors funds as he did with us. Anything beyond this you should direct your questions to Patrick Dai.

We will issue our condolences to the Qtum team as well and any conflict of interest developers may face working for him. Just take a very long pause to think about what is being said here and decide if you are okay with taking investors money and letting Dai manage it knowing what you know now. We personally think ICO is a bad idea. If Dai already got a million, why not prove his concept first and not even hold an ICO? If he releases a working project then move forward. Just run it on testnet until its done? But thats probably wishful thinking... there is no justice in crypto it seems. Can you prove he will not get free coins in Qtum? Can you prove he doesn't have a deal with private investors for them to get free stake or refunds from the ICO funding? The same modus operandi was used on us in BitBay and that you can prove beyond the shadow of any doubt.

BitBay has moved beyond what they have done, through all the adversity. I'm going to finish this project even if it kills me. Even if i don't make a dime off it. I've worked 2 years since ICO and will work 10 more for free if I have to. We don't want your money, angel investment, nothing. We are not interested in riding your marketing. This will be my last comment on the subject. My full time job is coding, not social media management.

Do as you wish with what you know now.

Thanks for the info, however we should probably keep Qtum discussion off the Bitbay thread. Just please PM me or post in Qtum. If that is Dai it is a much younger Dai... I don't like to make those types of assumptions, the ears don't seem to match. I made my final post on the matter in their main thread. I've got a build to do now. Thanks by the way for hearing us out.

I think he is simply saying it makes sense for Xuguang to go by Patrick/Steven/Andy etc. It's fashionable. Regardless, myself and many others positively identify him since we know him in person. He can call himself Bigfoot he would still be the same guy who never lifted a finger for us while we shed blood sweat and tears to build this software. Scammer doesn't even do it justice. What he did to us was so bad there isn't a word in the dictionary worth using to describe it. It was legendary everyone in Bitcoin knew about it. As for evidence well, there is more chat logs on BCT for that one than any other project. We only defended Dai for a small time with the hopes that he would do the right thing and support the project he started. I would spam him with Skype messages emails and phone calls to get a very rare response once every few months. Unfortunately the 2 years we left the door open he was expending his energy in Qtum instead of the project that netted him 200BTC and more than 10% of free BitBay (20% if you count what he got when it dumped). Then him and Lin sell on our heads while we sacrifice years of our lives to build BitBay. It wasn't the only time he had been involved in a scandal either. He was a serial scammer with Bob going from project to project. It's a joke for them to defend him. There is nothing to defend. Calling it "paid fud" is not a wise decision either considering this is definitely not "fud" and we would never have the money to pay for it lol... hell everyone knows how we spend here. Just recent PR with Bitcoinbuzz, small things. Sometimes people do fud. This ain't one of those times.  

Most the people commenting there are from other coins and bitcoin and investors and such. Very few people known as regulars here in our main thread. I did notice a couple and of course their voices should be heard. We were all seriously effected they have every right to speak out. Of course we have asked that most of core leave the issue alone so we don't relive the past.

There is nothing in it for us to "fud" anyone, of course we have never done that before. We don't "fud" Ethereum or anyone not even our competitors SYS and SDC. We speak nicely of them. This is different of course, we hope that they stop their ico completely. Dai already has tons of money he doesn't need more and he can burn his bitcoins for all we care. Anyone thinking of investing in that is probably better off sending their BTC to "6a" lol.

We are busy doing good PR, publishing articles and I've got an update coming out this week and have no time for it. It is a circus to watch it though. Can't help but feel bad for everyone else involved.

We did pay for PR, it was public knowledge. There is nothing wrong with that. I have shed blood sweat and tears for two years. So has the community. The entire community testing 1000s of contracts up late nights teamviewer sessions working on bugs. We hired bitcoinbuzz and honestly i think they did a great job and would work with them again.

As it stands the software works extremely well, runs what was the worlds first decentralized markets with trustless smart contracts, and has been nothing but 4 years of hard work. And it will just keep being worked on.

One last note, speaking of stats... if you like we can give you txids of a typical contract and you can look at those being done on the blockchain. People do buy things on the markets beyond testing. It's not a race its a marathon.

Thanks, appreciate it.

Yeah it is what it is, their investors are aware apparently on the thread.

We have too many good things going on to distract ourselves, although it is good to warn them. Some of the people on the team are legit which has me concerned they don't realize who they are working with. I'm good friends with one of their devs Ibai and met him in person so hopefully there is upper management that will consider the implications of working with Dai and how it effects their team and credibility as a whole.

As for everything else, I will have a build with staking and voting, aiming for March 1st release. The slack core will go ahead and decide how long they want to test it. You guys will be able to see what the major changes were in the changelog that is always packaged with the release.

Such empathy, very fashion, so crypto... yeah you start a new ICO get some Bitcoins and then let them burn their coins from the project that you walked out on(giving them no chance to sell said tokens on vidz) which also raised Bitcoins which went to you not including any vidz you held.

But sure, its easy to be empathetic when it pays the bills. How about starting a new project and give the coins out for free to anyone holding an address in vidz? Not raising funds with a new ICO and not asking them to burn another coin? Hell you could even give yourself 5% of the staked coins.

Oh yeah thats right because doing that doesn't get you more Bitcoins.

A real man would not charge investors that just got burned. But thats just a subjective opinion, carry on.

I can't believe mods don't allow password reset by email. Bitcointalk mods are like anti-mods.

Thanks for the update. Yeah I would recommend against antivirus. It slows down the computer, and honestly I think most of them run spyware. There might be a couple open source ones though.

The thing is, a well coded virus will bypass all antivirus

Blackhalo has the "cash for coins" template. This is perfect for the Chinese! The initial inspiration for double deposit was to help the Chinese get money in and out of Bitcoin without any risk and no arbiters and no fees.

Good timing but do they know it exists?

Hi so the big difference is removing of all coinage and making the stake reward constant instead of based on coinage. This forces people to stay connected. Also there was several security fixes. I wrote a short paper on it but never published it.

Lastly, POS 3 allows for custom staking by putting the data in 6a. So it allows multisignature staking which is used for Halos coldstake. Also this makes it easy to add voting which will be in my next update.

Blackcoin is one of the most forked coins. However the people who do it will still have to code something useful out of it and most projects never move beyond the ANN

Right there is definitely no governance. The mod key exists so we can grow the market. Flagging and moderation is decentralized so people can keep content relevant to the markets they subscribe to.

The responsility falls on the users. The creator of uTorrent isn't responsible for how people use it. I want people to have as much freedom as possible. This just helps us keep the markets we are aware of clean so we can reach a larger audience.

It should be mentioned that the moderation itself is decentralized. Since mod keys have been given to multiple people in the community.

We can't stop private escrow. Only listings. If a buyer and seller are in escrow they control their funds, banning a user cannot ban them from contracts, only posting illegal things in the main market. Contracts cannot be interfered with, its impossible because its peer to peer.

Also things that are illegal in one country but not another are probably going to be allowed. So if a person sells Hemp or Raw Milk which is illegal in USA but legal in South America, then they are responsible for their own order. We won't moderate Mein Kampf for example.
However if someone offering out something like a hitman contract obviously that has to be removed.

I'm pretty sure thats a fair moderation policy for the main markets.

Also, I'm not responsible for the contents of the markets. This project is open source. If someone thinks I'm responsible I will gladly give them the moderation key they can then accept the responsibility. I'm not interested in babysitting the markets. It is impossible to "control the entire internet". That is a fruitless way to spend my time. How can you moderate what you can't see? If someone encrypts porn to the Bitcoin blockchain is everyone in the world committing a crime by downloading it?

Each country is going to police their citizens and generally try to rob them of as much freedom as possible before they realize it(so they have the illusion of freedom). However, these markets are obviously international. BitBay was started in China by Steven Dai. So is America
going to interfere because the dev is american?? That doesn't make sense. I don't even get paid in USD. Heck I don't even get paid.

Thats the same as throwing Satoshi in jail for making Bitcoin (even though Satoshi is just a pseudonym for a large group). It might happen but it is a violation of all that is good in the world a price I would gladly pay. If it really boils down to that. The creator of reddit unfortunately met a similar fare. Sadly he took his own life before the "stupidest trial in the world" took place. It happens. A life lost in pursuit of all that is good. Source: http://edition.cnn.com/2013/01/12/us/new-york-reddit-founder-suicide/

So it is what it is. We will do the best we can to moderate what we see, I'm not legally responsible for it but we do it out of goodwill. We want the masses to take an interest in their own freedom and start looking at distributed networks and decentralized markets. For their own benefit. Its a much, much larger picture.

^ Exactly! Great explanation munti, couldn't have said it better. I'm not anonymous and getting myself into trouble prevents any future projects I'm working on. In order to get the masses to take an interest in decentralization, we need stuff like this.

There was an article on BitBay and BitHalo markets a ways back and it covered the exact same subject.

https://motherboard.vice.com/en_us/article/this-decentralized-bitcoin-market-is-for-legal-stuff-only

You know BlackHalo translates to Chinese right? It's one of the only clients that even features a chinese version.

And yeah for NightTrader it doesn't have to be BLK exclusive. Obviously the world needs a real decentralized exchange. I've thought about AT and Microtrade as a backup. However one needs to be built before the other.

We shall see, I'm finishing up all the templates as of right now. The next version will have time locks supported in the user interface and voting as well. So I'm going to finish all the features and then see if we can get enough active users.

Thats an awesome story, so cool. Honestly, I need to get away from the computer once in a while, I would have much preferred physical labor like you had. Thats why I will probably move into farming or construction when finished here. Its just that the tools we have here in BitBay are too tempting to finish. I forsee my involvement in crypto beyond this more at the business end, like crypto replacing stocks that sort of thing. I think I mentioned that in my interview. A company paying percentage of profits to investors automated on the blockchain publishing everything to be completely transparent.

Anyways, by the way I sent the first draft of our article out to the core slack team and my friend Johanna at Bitcoinbuzz. So just so you know that will be published soon when thats all edited. Not sure if we will time it with an update or not (probably not) since we may as well get an article out the door.

Thanks a lot, that's a nice thing to say.

As for the wife please do, I've been looking for one of those for years and found nothing yet. I've heard good women are hard to come by nowadays

Yeah I hold my license in California, did several deals during the collapse. It taught me a lot about how almost nothing I read in my books applied to reality. I think the best business model for real estate brokers is "find and assign" although I never tried it, it's very similar to being a lead aggrigator but you get a higher cut and no liability. It's basically referrals but better. But honestly there is way more potential in building homes in 3rd world countries. The USA is a tight margin with limited options unless you are a millionaire.

Also did work for Dakota Land Services as a landsmen. I did easements and charting out fiber optic and oil lines. The job was amazing, it paid like 350 a day. I only held that job for a few months though. It was the exact same time I got into crypto and bought Litecoin. I got fired because I made my female managers jealous by coding a program to type the easements using winautomation and other programs. It was my first time ever trying to code anything. I made something to parse addresses in Python and that's how I picked up coding. It was funny because with that software I finished a job that normally takes weeks in one day and got fired for it.

I guess that's office politics for you. You see even though it saves the company millions, the employees get paid more the longer they procrastinate. So doing the job too fast is bad for business even though the boss can make the difference in his cut.

When I saw the Litecoin market crash after going from 2 dollars to 50 I had the idea for Halo because the Chinese were complaining that there was no way to buy Bitcoin. So I realized double deposit could solve their problems.

Unfortunately, I should have sold the Litecoin and just bought whatever random altcoins i could find since everything was pumping no matter how random the coin was. But I was new to trading, I was such a n00b I thought the order book was the history of buys and sales. But eventually I figured it out and started coding Halo. Actually I had the idea for Halo the same day I got fired and my friend was talking to me over the phone and was like "you should quit your job and do that". Go figure.