I resent the implication that I would tank my reputation and steal from people over a pump and dump for a few BTC. Polo has control of the ICO funds and will CONTINUE to have control over those funds. I know there have been many PnD and ICO scams before, but you don't know either one of us.
There is a big difference between needing money and being willing to steal it from people.
I bought my coins just like everyone else and ONLY get what I bought. Same goes for everyone else on the team.
Until you have proof to back up your accusations (which you don't and WON'T), keep your misinformation to yourself please.
I made no accusations. I voiced my opinion. I certainly have NOT accused anyone of thievery. Both of you are well known in the community as coin promoters. Yours and qiwoman's personal stories and problems; you both made public via Poloniex trollbox. So don't blame me for making up "find money for sons" when hundreds of people were reading along. Donations happened as a result. You made it clear you would sell qicoin to cover personal investment. Again public knowledge in trollbox. Investors did dump "like there's no tomorrow" even for a loss. You read too much into what I said - intentionally, I suspect. When you outright accused QiBuck of being a 'quick buck' scheme, you inferred that we were out to fleece the people who invested in the coin. That amounts to an accusation of thievery. Yes, Ellie and I have promoted coins in the past. Since when is that a crime? Oh my God... I *gasp* give people free coins. Well dang...better just crucify me for that one. If you think Ellie and I were trolling for donations, that is more a reflection on you than on us. At most I was hoping for advice on trading since I was such a newbie at it. Yes, I said I would sell *some* of my coins to recoup my investment. There is nothing wrong with that, and I'd wager a great many other investors had / have the same plan. Recoup the initial investment, stake the rest for POS and future profit. Oh, and for the record, I have not yet sold a single coin.
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i think the skype verification idea came up because of the issue raised regarding how you could cheat the system by having multiple addresses by one bagholder
personally, i dont mind the skype verification but im sure others do not like the idea and i suspect that is one factor which caused some ICO buyers to immediately sell their coins
id like to point out that many are confusing the bagholder payout if you have 1000 coins and decide to split into 10 Mini bags... that is not equal to 200% rather what you have is 10 shares from the MINI pool
you are still better of just going for the MIDI pool, remember you also get a share from the MINI pool
1 share of MIDI pool + 1 share of MINI pool > 10 shares of the MINI pool
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still if i have 2000 coins, why should i be restricted from having 2 shares of the MIDI pool? naturally, i would want the maximum profit. If i will be restricted to just 1 share, then id rather have only 1000 coins
shouldnt it be just automatic, like for example if an address has 6789 coins then that is 6 shares MIDI and 6 shares MINI? that would actually save in logistics cost since it would be only 1 card to print and deliver
There is still only 1 card regardless.
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Well I hope this works out for the people that have invested in it.
Thanks. I know we are off to a bit of a bumpy start, but we're pulling it together and we aren't going anywhere - that's the important part. So trolls and detractors be damned...we're here to stay
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Another ICO on Poloniex?
Looks like Millionaire coin all over again.
Ugh. Don't lump QBK in wilth MIL. I lost a bit of BTC on MIL b/c the dev took the money and ran after the ICO. That was under Poloniex's old way of handling ICOs. After the MIL fiasco, they completely revamped how they run ICOs to make sure that history couldn't repeat itself. If we planned on running off with the money, we could have held the ICO on an exchange that would have let US be in control of the funds.
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My wallet is still trying to catch up with respect to the number of blocks being downloaded. Right now the latest is 428 blocks and still trying to catch up, has anyone of you already has the updated number of blocks?
According to our dev: "Give it time. Coins have to be moving in order to fully sync." Also: "The problem is unlike more PoS coins, this doesn't have a lot of people in it because they all had to buy in and are shifting coins. PoS blocks in 16 hours where a [typical] coin would have 100 - 500 PoS blocks if not more" He will be going back in and adding checkpoints to help it sync faster. Best, Cynthia
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Why is this coin advertised as x13 when you can't even mine it? The ICO coins had to be mined by us, and it was done using the X13 algo. Apologies if that is misleading to people. I'll try to clean up the OP within the next day or so to make things more legible and coherent.
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Any FIX for this? I am using Windows 7 64 bit I needed to restart the wallet a couple of times in order to make it work. I have that problem w/ every X13 and X11 wallet I try to run on Windows when they are first installed. It's a Windows glitch ... ahem ... FEATURE.
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Yes it was bought with your own money and who is that money going to now? Back to your group so you can make your own investments while keeping the coin. Polo struggles to get 150BTC volume a day yet this ICO comes and manages to get 100BTC in 4 hours, then can hardly get 10BTC in volume over the next 12 hours after its finished. Seems legit.
How do you think you can value the coin at $60 000 when you do not even have $6000 in assets? ($6000 plus your outstanding BANK coin investment) If the entire purpose of the coin is for people to make money from your investments, why do you even need the coin? The coin serves literally no purpose (besides free money for you) and you didn't even know how you were going to verify people until a few hours ago ROFL.
So we shouldn't have bought any coins at all? Is that what you are saying? Jeez, there is no pleasing people. If part of the premine had been set aside for our dev team, you'd be squawking about that too. Don't ever buy stock in a company you work for, people. According to MINEMEPLS here, that would make your company a scam or a ponzi scheme. As far as the initial BTC value of the ICO, like it or don't but don't read something nefarious into it when there is nothing nefarious to be found. Every coin spent will be documented and made publicly viewable.
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I like the idea behind this coin... i have some questions:
Why implement anonymity?? Why does this coin even need anon? Seems like funds and time could be better managed doing something other than anon for the community.
If an atm is purchased, where will it be located?
Will all actions regarding investments be transparent?
Those are all good questions and I'll answer them the best that I can. a. Anonymity - actually I agree with you there. Other features would serve the coin better IMO but QiBuck is not a one-woman team, nor does any one person hold sway over the direction of the coin. Majority rules, and in this case, anon was decided upon. b. ATM location - I will get the answer to this question from Ellie as soon as she is online c. Transparency - absolutely. All income and expenses, all profit and loss, will be recorded in publicly viewable ledgers Hope that helps! Cheers, Cynthia
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You have 10 BTC. You buy 10 BTC worth of your coins from your own ICO. The 10 BTC goes back to your group. Now you also have the coins. You don't see a problem with this? Your plan hasn't changed? Where is the skype verification in the OP? Why are you now covering the costs for the cards?
This is like a very poor attempt at a ponzie scheme. By the looks of the volume you guys probably have around 70-80% of your own coins (which you got for free). Sell them at any price for 100% profit > use a small percentage of that profit to pay people for bag holding > this creates hype > repeat. Wow you didn't even need an explorer to do the ICO? lmao
Except that we don't own 70 - 80% of QiBuck. I have exactly 2711 QBK and change. Other members of the team have more (but not the amounts that you are suggesting), but that was bought with their OWN money and not investor funds. Since it's all going to be public record anyway, each member of the team was paid 0.5 BTC for their work. That's not enough to by up the lion's share of QiBuck.
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Good morning guys - here's the node for you: qibuck.confPlease let me know if it works for you. Cheers! Cynthia
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I do. But a coin with a horrible plan that they change AFTER the ICO, and where the devs openly admit that they bought their own coin for free != FUD. Good luck with your investment though I'm not going to try to reason with the troll box cult obsessed with some gurl. Nobody on the dev team bought their coins for free. We got compensated for our work on the coin (I received 0.5 BTC in case you are wondering) which we were free to do with as we chose. Real world scenario: if you work for company XYZ and they pay you for your work, then you turn around and buy stock in their company with the money you were paid, does that mean you got that stock for free? NO. Our plan has never changed. It has always been exactly what we said it was.
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Those are assets? OMG... I'm definitely staying away from this one.
That's your perogative, of course. Look folks, Ellie and I are just two moms who saw a lot that was wrong w/ recent altcoins and had an idea that wouldn't leave anyone who bought QBK out in the cold. We aren't experienced coindevs, which is why we brought people much more knowledgeable than ourselves onto the team. It will be a learning process, but it will be an honest learning process. If we step wrong, we'll own it. When we do right, it will benefit everyone who bought QBK. We wanted Poloniex for the ICO because of how stringent their new rules are and how it forces transparency and accountability. Neither Ellie nor myself are going anywhere, nor is anyone else involved in this project. We've all worked too hard to get to this point to jeopardize it now.
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go go go: my rigs are waiting Rigs are waiting for what?? The multipool?? All coins were mined and sold and is now pos / proof of baghold only if im not mistaken So PoW since when? Launch date is 10-Aug, so PoW is lesser than 24 hours ?? No POW. Only POS / POBH
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What are those assets?
They are listed in the ANN, but for your convenience I will post them here as well At the moment our assets are: a. shares in a SwiftBlitz Bitcoin ATM (value approx 1100 UK sterling) b. grand founder position in Adsactly (value approx 3000 USD) c. 1000 shares in HydroInfra (value approx 1000 EURO) Total value = $6185.84 USD We will also be purchasing (not buying shares in) a Bitcoin ATM. It has already been ordered and we should have ETA in a few days. All TX fees from the machine go directly into QBK coffers. We also have several experienced and successful traders on board who will be trading on behalf of QBK. Those profits will also be going into the QBK coffers. We are looking at other ventures as well.
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Too good to be true. I'm worried. I don't see anything innovating about this coin? Maybe I'm wrong, but getting acceptance for real world transactions is even tough for BTC. I'm going to pass, this is probably another one of those pump and dump coins.
The innovation is proof of baghold. Folks keeping a minimum of 100 QBK in their wallet will get monthly 'dividends' paid out to them in Bitcoin. QBK is asset based and those dividends come from the profit those assets generate each month.
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go go go: my rigs are waiting Rigs are waiting for what?? The multipool?? All coins were mined and sold and is now pos / proof of baghold only if im not mistaken Correct.
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so when we start?
Well...damn. I thought we would have until tomorrow at least to get the members area up and wallets out. Looks like I better get my ass in gear
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Aaaaaaaaaaaaand it's gone!
Wow... 500k coins in 5.25 hours. Unreal!
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When does ICO end? Thx
When the coins are gone At the rate they are going (75% gone in approx 5 hours), the ICO could end sometime late tonight / early tomorrow.
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