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stackoverflow
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March 07, 2017, 03:49:00 AM |
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How much did they pay you to defend a shady team? I'm not defending the team, I'm exposing the truth about this paid troll! There's obviously an organized attack against this project. DYOR! If you think Gleb is a paid troll how about you stop wasting your time on him and instead address the valid concerns listed here: http://www.prnewswire.com/news-releases/the-qtum-blockchain-project-announces-support-from-pwc-300418319.htmlI've been asking you to do this for days now, but you keep reverting back to what appears to be the only thing you can do- desperately labeling people as trolls. You clearly have the time to address these issues since you have the time to respond to each and every single one of Gleb's posts with the same sorry excuse of him being a "paid troll". Or are you going to just continue to act as though personally attacking Gleb is enough to distract people from the real issues here? Because it's not. The fact you keep ignoring this and just keep deflecting the issues makes it pretty fucking obvious you are full of shit. I'll leave it to the team to address your concerns, which I think they mostly did if you care to look through their response. I'm just pointing out that glebby is a famous paid troll which have been hired to shit all around this thread with surreal BS! No, fuck that. The team did not address the concerns in any capacity aside from saying "they aren't concerns because we say they aren't". That's not good enough for anybody, except you apparently. Why can't you do it? If it so easy why can't you or ANYBODY else do it!? Maybe if you state your concerns clearly they will be answered! Uhh https://medium.com/@icocountdown/due-diligence-pack-for-qtum-7369ef48917b#.8pzf5aj9tOkay so now you will answer, right? I'm not the one who can/will answer you, I'll leave it to the team. On a side note, that article is biased, and the author is a known scammer! We already know you can attack people personally what we want to see is if you know how to use logic and evidence to defend your position, so far all signs point to "Nope". And if you can't answer that, then how can you have so much confidence in qtum?!? You aren't concerned by the fact you aren't able to refute the claims made against qtum? That NOBODY has been able to refute them? Can you list the those claims? LMAO you love going in circles, don't you? It's a great way to avoid the issues. Just keep running in circles til the other person gets tired and gives up. Classic. Again: https://medium.com/@icocountdown/due-diligence-pack-for-qtum-7369ef48917b#.8pzf5aj9tHow many more times will I have to list them for you before you are capable of reading and responding to them? You are either the dumbest person I have ever met on this website or you are a paid shill. Here's my take on this: No code on Github :’( : not uncommon in ICO projects No Escrow. : Using only exchanges, which are kind of an escrow POS 51% distribution : There is a governance plan, and PwC involvment, this is not the average shitcoin where the dev dumps the premine and disappears, too many big actors involved. Using multiple different identities and aliases.: People use aliases, it's not uncommon neither. The team is obviously not trying to hide their identity, they attend to meetups and conferences ... Connection with multiple projects one being Bitbay.: If someone invested in BitBay, does not make them scammers. Deletion of connections and associations.: Details  Previous ICO’s and a history of leaving projects. Details Maybe the team can give more info! |
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stormia
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March 07, 2017, 03:52:35 AM
Last edit: March 07, 2017, 04:08:04 AM by stormia |
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Here's my take on this: No code on Github :’( : not uncommon in ICO projects No Escrow. : Using only exchanges, which are kind of an escrow POS 51% distribution : There is a governance plan, and PwC involvment, this is not the average shitcoin where the dev dumps the premine and disappears, too many big actors involved. Using multiple different identities and aliases.: People use aliases, it's not uncommon neither. The team is obviously not trying to hide their identity, they attend to meetups and conferences ... Connection with multiple projects one being Bitbay.: If someone invested in BitBay, does not make them scammers. Deletion of connections and associations.: Details Previous ICO’s and a history of leaving projects. Details Maybe the team can give more info! Maybe they can, but they won't. How is it that you are the only person on BCT that has any (and quite excessive) faith in this project in light of everything that has been brought up? You are obviously connected to this project. Also, "No code on Github :’( : not uncommon in ICO projects" Actually that's pretty damn uncommon for a project hoping to raise 10 million without using escrow. Usually if there is no code at the start, an escrow is used so that the money isn't released until the code is released and certain benchmarks are reached. Also, "No Escrow. : Using only exchanges, which are kind of an escrow" might be true except it has been shown now that qtum team members own some of the exchanges they are using to host the ICO. Also, "Connection with multiple projects one being Bitbay.: If someone invested in BitBay, does not make them scammers." Not simply connected with BitBay, the leader of qtum- Patrick Dai- stole money from BitBay. A bit of a difference there. https://bitcointalk.org/index.php?topic=890531.msg17942817#msg17942817 |
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malcovixeffect
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March 07, 2017, 03:53:34 AM |
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How about both of you cut the long quotes that way. You wont get banned?
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sayyedraza
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March 07, 2017, 03:56:03 AM |
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Is there any bounty going one for Qtum ?
If yes kindly give me link
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stackoverflow
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March 07, 2017, 04:20:35 AM |
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Here's my take on this: No code on Github :’( : not uncommon in ICO projects No Escrow. : Using only exchanges, which are kind of an escrow POS 51% distribution : There is a governance plan, and PwC involvment, this is not the average shitcoin where the dev dumps the premine and disappears, too many big actors involved. Using multiple different identities and aliases.: People use aliases, it's not uncommon neither. The team is obviously not trying to hide their identity, they attend to meetups and conferences ... Connection with multiple projects one being Bitbay.: If someone invested in BitBay, does not make them scammers. Deletion of connections and associations.: Details Previous ICO’s and a history of leaving projects. Details Maybe the team can give more info! Maybe they can, but they won't. How is it that you are the only person on BCT that has any (and quite excessive) faith in this project in light of everything that has been brought up? You are obviously connected to this project. Also, "No code on Github :’( : not uncommon in ICO projects" Actually that's pretty damn uncommon for a project hoping to raise 10 million without using escrow. Usually if there is no code at the start, an escrow is used so that the money isn't released until the code is released and certain benchmarks are reached. Also, "No Escrow. : Using only exchanges, which are kind of an escrow" might be true except it has been shown now that qtum team members own some of the exchanges they are using to host the ICO. Also, "Connection with multiple projects one being Bitbay.: If someone invested in BitBay, does not make them scammers." Not simply connected with BitBay, the leader of qtum- Patrick Dai- stole money from BitBay. A bit of a difference there. https://bitcointalk.org/index.php?topic=890531.msg17942817#msg17942817I'm interested in this project as I come from a technical background, and I think this is really interesting technically speaking. and it seems there is concrete development going on in light of the demo videos and the published papers, I'm voiced against the trolls because it's obvious they are on a mission to discredit this project. I will probably invest in this, but I don't give investment advice, do your own research! I did not see any proof team members own exchanges, maybe some investors are related to some somehow, not sure, but there will be a public address holding the ICO funds as far as I know. Could be a good thing to release the source code before the ICO, or even some kind of PoC or demo or something concrete, but again many big ICOs did not release anything before the ICO including zcash and eth. As to the bitbay story, it seems fishy to me that the bitbay dev started blaming Dai two years later, before it was blamed on someone else. It looks like someone pushed them to do so. Anyway unless they have proof or go to court (which they had plenty of time to do) it's their word against his. |
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MoveCrypto
Sr. Member
 Offline
Activity: 364
Merit: 250
move that crypto
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March 07, 2017, 04:30:54 AM |
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Qtum (OP)
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March 07, 2017, 05:13:53 AM |
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Have the devs explained yet why only 51% gets sold in the crowdfunding and the rest gets split over themselves and angel backers?
Even if they try to dismiss everything as FUD and want the crowdsale go on, they at least should explain the reasoning of the coin distribution.
I have asked them 3 times since beginning of February, they said they would reply within 24 hours but still haven't given an explanation.
Hi, the answer to this is in the Qtum Economy Whitepaper ( https://qtum.org/en/white-papers) We will release the Crowd Sale details on the 9th of March, and then discuss them in more detail. We will also be hosting a technical Q&A session at our Slack on Tuesday, 8pm Beijing Time (7am EST) No, that is not the answer. Ofcourse I have read the white paper and in my initial 3 enquiries you said you would give a further explanation on why the funds get allocated this way. You would give an answer within 24 hours, this was on the 10th of February, 1 month ago. Now you say the 9th of March. The crowdsale is ment to fund your project. This means that there should not be separate allocations for business development and research etc etc, these allocations should be funded from the crowdsale. So, it would seem most logical to distribute 80% in the crowdsale and the remaining 20% to the initial backers. What does the money raised in the 51% crowdsale even get used for? I would assume business development and research. No need to allocate more tokens to yourselves... The 51% is the funds required to fund the Qtum Foundation over the next 4 years, this means the cost of development, salaries, rent, and so forth. We will release a snapshot of the source code 2 days before the March 16th crowd sale, which shows our progress toward a working test network. Of the other 49%, most will be held in transparent addresses, and will be used to fund the initiatives laid out in the Economy Whitepaper. |
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Gleb Gamow
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March 07, 2017, 06:13:04 AM |
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Way to go, Earlz! Now you have cocksuckeroverflow all over your ass for tryin' to pawn off a press release as actual news. Hell, dude, you even quoted the part where it declares it a paid advert. You're a fuckin' genius. I love this thread! Leroy Fodor honestly, I don't even care if the Qtum and DaiLi Quagmire Circus doesn't make it to a town near me because I can enjoy it live on the Internet DAIly, albeit I won't be able to enjoy the smell of the elephants or meet the Markov Twins in person or watch Caspal's amazing feet in action in person or play penny ante poker with a true professional in person, but that's the price I'm willing to pay for entertainment 24/7. Seriously, this is the act that folks should invest in and asking, "When the ICO?" We made some news today! http://finance.yahoo.com/news/qtum-blockchain-project-announces-support-160000010.htmlThe Qtum Blockchain Project Announces Support From PwC PR Newswire PR NewswireMarch 7, 2017 SINGAPORE, March 6, 2017 /PRNewswire/ -- The Qtum Foundation, architects of the Qtum blockchain, which execute smart contracts with a proof-of-stake consensus mechanism, today announced that one of the leading professional service providers PwC is supporting Qtum's efforts to help fuel blockchain adoption across global business sectors. This includes providing comments on a white paper to be prepared by the project team, as well as on their proposed project governance structure. PwC is a network of firms in 157 countries, who are committed to delivering quality in assurance, advisory, and tax services. "PwC sees enormous potential for blockchain to revolutionize business practices as we know them, and the firm has made great efforts in developing strategic and technical capabilities to adapt existing products and services for the new technology. We are excited to get involved in the era of innovation and help companies capture the opportunities and benefits brought by the new technology. Working with the Qtum Foundation aligns with our goal," said CY Cheung, Fintech and Cybersecurity Partner of PwC China. Qtum's governance structure, which is detailed in the Foundation's Qtum Blockchain Economy Whitepaper ( https://qtum.org/en/white-papers), illustrates the level of professionalism PwC has brought to the team. Qtum's management structure will allow the project to effectively take hold as one of the largest open-source blockchain projects that can meet the needs of financial services, Internet of Things (IoT), supply chain management, social media, gaming and other industries. "The Qtum Project is committed to becoming a smart contracts platform for business. To do this, Qtum wants to make it feasible for industries to build practical applications on top of Qtum. Qtum envisions a future where business practices are automated, and machine-to-machine communication is seamless. Having PwC, who has broad expertise across industries and a global network, support Qtum will help us fulfill our mission," added to Patrick Dai, co-founder of the Qtum Project. About Qtum: Qtum is an open source value transfer protocol and decentralized application platform. The development team hails from multiple countries around the globe and is a collection of top experts in the industry. The Qtum Foundation, headquartered in Singapore, is the decision-making body that drives the project development. The Qtum Foundation has engaged one of the world's leading professional service providers, PwC, for project management support. Learn more at https://qtum.org |
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stackoverflow
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March 07, 2017, 06:33:37 AM |
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This was the original message directed to glebby the quoted one above is falsified, no wonder glebby changes text inside quotes, he have done much, much worst  |
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MoveCrypto
Sr. Member
Offline
Activity: 364
Merit: 250
move that crypto
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March 07, 2017, 06:34:19 AM |
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Have the devs explained yet why only 51% gets sold in the crowdfunding and the rest gets split over themselves and angel backers?
Even if they try to dismiss everything as FUD and want the crowdsale go on, they at least should explain the reasoning of the coin distribution.
I have asked them 3 times since beginning of February, they said they would reply within 24 hours but still haven't given an explanation.
Hi, the answer to this is in the Qtum Economy Whitepaper ( https://qtum.org/en/white-papers) We will release the Crowd Sale details on the 9th of March, and then discuss them in more detail. We will also be hosting a technical Q&A session at our Slack on Tuesday, 8pm Beijing Time (7am EST) No, that is not the answer. Ofcourse I have read the white paper and in my initial 3 enquiries you said you would give a further explanation on why the funds get allocated this way. You would give an answer within 24 hours, this was on the 10th of February, 1 month ago. Now you say the 9th of March. The crowdsale is ment to fund your project. This means that there should not be separate allocations for business development and research etc etc, these allocations should be funded from the crowdsale. So, it would seem most logical to distribute 80% in the crowdsale and the remaining 20% to the initial backers. What does the money raised in the 51% crowdsale even get used for? I would assume business development and research. No need to allocate more tokens to yourselves... The 51% is the funds required to fund the Qtum Foundation over the next 4 years, this means the cost of development, salaries, rent, and so forth. We will release a snapshot of the source code 2 days before the March 16th crowd sale, which shows our progress toward a working test network. Of the other 49%, most will be held in transparent addresses, and will be used to fund the initiatives laid out in the Economy Whitepaper.  in b4 ico is cancelled due to "technical difficulties" after raising less than $150k |
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Gleb Gamow
In memoriam
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Activity: 1428
Merit: 1145
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March 07, 2017, 06:43:58 AM
Last edit: March 07, 2017, 07:11:26 AM by Gleb Gamow |
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Excellent find, bud, as I wet my pants, piss now running down my chair making a beeline to the Colorado River pass the other vans neatly parallel parked thanks to my Authoritah! in this here homeless community. http://www.prnewswire.com/news-releases/the-qtum-blockchain-project-announces-support-from-pwc-300418319.html  "Then we paid for an advert under the auspices of news because InvesQturds haven't a clue as to what the PR in PR News means, an advert proclaiming that we hooked up with a major scam outfit, having offices worldwide, with the intent of Qtum solidifying cred in the crypto community so to make it rain ten million dollars into our coffer controlled by The Founder, Mr. I Am Patrick Dai. Meanwhile, our unpaid sockpuppets continue to bump the tread in hopes of burying posts by unpaid Bitcoiners with accusations that they're paid trolls, offering up the exact same proof for such nonsense as Qtum does in proving that we're legit. Meanwhile, our office is being buried in elephant shit because all the shovels are being used to dig a deeper hole for ourselves." |
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Gleb Gamow
In memoriam
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Legendary
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Activity: 1428
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March 07, 2017, 07:10:19 AM |
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This was the original message directed to glebby the quoted one above is falsified, no wonder glebby changes text inside quotes, he have done much, much worst Reads to me like cocksuckeroverflow doesn't know the difference between falsification and satire, for the intent of me "falsifying" the post was to bring to light how cocksuckeroverflow dissed the fuck outta me for not knowing the difference between news and a paid advert, even citing examples, then Earlz immediately came along and presented a link and quoting a paid advert as being actual news with his intent of giving Qtum cred. Again, these fuckers are geniuses! |
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Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
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March 07, 2017, 07:25:08 AM |
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Have the devs explained yet why only 51% gets sold in the crowdfunding and the rest gets split over themselves and angel backers?
Even if they try to dismiss everything as FUD and want the crowdsale go on, they at least should explain the reasoning of the coin distribution.
I have asked them 3 times since beginning of February, they said they would reply within 24 hours but still haven't given an explanation.
Hi, the answer to this is in the Qtum Economy Whitepaper ( https://qtum.org/en/white-papers) We will release the Crowd Sale details on the 9th of March, and then discuss them in more detail. We will also be hosting a technical Q&A session at our Slack on Tuesday, 8pm Beijing Time (7am EST) No, that is not the answer. Ofcourse I have read the white paper and in my initial 3 enquiries you said you would give a further explanation on why the funds get allocated this way. You would give an answer within 24 hours, this was on the 10th of February, 1 month ago. Now you say the 9th of March. The crowdsale is ment to fund your project. This means that there should not be separate allocations for business development and research etc etc, these allocations should be funded from the crowdsale. So, it would seem most logical to distribute 80% in the crowdsale and the remaining 20% to the initial backers. What does the money raised in the 51% crowdsale even get used for? I would assume business development and research. No need to allocate more tokens to yourselves... The 51% is the funds required to fund the Qtum Foundation over the next 4 years, this means the cost of development, salaries, rent, and so forth. We will release a snapshot of the source code 2 days before the March 16th crowd sale, which shows our progress toward a working test network. Of the other 49%, most will be held in transparent addresses, and will be used to fund the initiatives laid out in the Economy Whitepaper. Qtum, you forgot to answer the simple question presented 24 hours. Why was Neil Sakr's name changed to Neil Mahi? You've changed it in the OP of this thread to Neil Mahi which was quoted in the third post of this thread depicted as Neil Sakr -> https://bitcointalk.org/index.php?topic=1720632.msg17228210#msg17228210, not to mention you, yourselves, had it as Neil Sakr on your official website (now changed), in paid adverts, and published on "actual" news outlets. The only Neil Sakr on the entire Internet is associated with Qtum. NO OTHER PLACE! |
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Qtum (OP)
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March 07, 2017, 07:28:21 AM |
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Gleb Gamow
In memoriam
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March 07, 2017, 07:32:44 AM |
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Qtum, you forgot to answer the simple question presented 24 hours. Why was Neil Sakr's name changed to Neil Mahi? You've changed it in the OP of this thread to Neil Mahi which was quoted in the third post of this thread depicted as Neil Sakr -> https://bitcointalk.org/index.php?topic=1720632.msg17228210#msg17228210, not to mention you, yourselves, had it as Neil Sakr on your official website (now changed), in paid adverts, and published on "actual" news outlets. The only Neil Sakr on the entire Internet is associated with Qtum. NO OTHER PLACE! |
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earlz
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March 07, 2017, 07:45:08 AM |
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Neil Sakr was an online name, like how if you look I'm listed as Jordan Earlz or just Earlz instead of Jordan Earls in some cases. It was a mistake so we fixed it.
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earlz
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March 07, 2017, 07:47:28 AM |
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This whitepaper is extremely good and I hope all of you read it to solidify your understanding of Qtum. Although it covers a lot of technical details, it is not what I'd call a "technical whitepaper", so even non-technical people can read it to get a better understanding of what Qtum is and how we will accomplish our goals |
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stackoverflow
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March 07, 2017, 07:49:17 AM |
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Neil Sakr was an online name, like how if you look I'm listed as Jordan Earlz or just Earlz instead of Jordan Earls in some cases. It was a mistake so we fixed it.
Don't mind that guy, he goes himself by a multitude of online names and aliases, yet he's crying why people use aliases online. If you check this video, you will probably understand what kind of person glebby is, so don't be too hard on him: |
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Gleb Gamow
In memoriam
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Legendary
Offline
Activity: 1428
Merit: 1145
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March 07, 2017, 07:54:51 AM |
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Neil Sakr was an online name, like how if you look I'm listed as Jordan Earlz or just Earlz instead of Jordan Earls in some cases. It was a mistake so we fixed it.
Don't mind that guy, he goes himself by a multitude of online names and aliases, yet he's crying why people use aliases online. If you check this video, you will probably understand what kind of person glebby is, so don't be too hard on him: Don't mind cocksuckeroverflow, for the dude's obviously suffering from brain damage due to its only two brain cells not having the capacity to communicate with each other because the path is closed between the left and right hemisphere. Don't go anywhere, for my next post is much morer deeperer cuz mes put alotsa thoughting into it. |
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Qtum (OP)
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March 07, 2017, 08:16:13 AM |
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Press Update:
Marketwatch.com discusses China's interest in Blockchain technology to deploy a 'digital renminbi'. Patrick Dai makes an appearance to give his thoughts on the matter:“The reason they’re doing this is because they want to have more transparency to regulate how money flows between banks,” said Patrick Dai, founder of the Qtum foundation, creators of the Qtum blockchain project."By Joseph Adinolfi "Chinese banks in two cities are testing a custom-built digital currency developed by the People’s Bank of China, according to information gleaned from local media reports and interviews with two individuals who are familiar with the central bank’s thinking.
The digital currency, known to the broader world as “ChinaCoin,” but officially referred to inside China as digital renminbi, or RMB, was developed by the PBOC in partnership with other private and public entities.
Eventually, Chinese authorities hope digital RMB will help the government strengthen oversight of the country’s banks, while helping to prevent financial crime.
“The reason they’re doing this is because they want to have more transparency to regulate how money flows between banks,” said Patrick Dai, founder of the Qtum foundation, creators of the Qtum blockchain project.
In recent months, certain local banks based in Shenzhen, a financial hub in southern China, and Guiyang, the capital of a province in the country’s southwest, have begun experimenting with first using the digital RMB network for settlement and clearing of transactions in the country’s interbank bond market.
China’s national media frequently cites transparency and efficiency as among the potential benefits of the digital renminbi project. However, in an interview with Caixin, a Chinese business publication, People’s Bank of China Gov. Zhou Xiaochuan said it would take China approximately 10 years to fully embrace the digital renminbi. China’s currency USDCNY, -0.0319% is interchangeably referred to as yuan and renminbi.
But once it is widely launched, digital RMB will be more convenient, protect citizens’ privacy and maintain social order, Zhou said. Eventually, the digital adoption will allow the central bank to make better-informed decisions about monetary policy by allowing it to more closely monitor the movement of capital through the Chinese economy, he said, adding the system could also make it easier to prevent financial crimes such as money laundering.
Zhou also emphasized key differences between digital RMB and bitcoin, arguably the best known cryptocurrency. While the digital renminbi will incorporate some elements of blockchain technology, like the cryptographic algorithms that help secure the bitcoin network, it will more closely resemble a “permissioned” blockchain — a type of closed system that limits who can access and change information.
Read: This bitcoin rival nearly doubled in value in one week
The Chinese system will also be centrally controlled by the government, a concept that contravenes what bitcoin enthusiasts consider to be the cryptocurrency’s most revolutionary innovation: the ability to maintain a monetary system that is resistant to centralized control.
”The elephant in the room is how much it could potentially increase [the PBOC’s] control,” said Chris Burniske, Blockchain analyst and products lead at ARK Invest.
The price of a single bitcoin US:BTCUSD was at $1,280 in recent trade, just shy of an all-time high reached late last week. Part of the rise has been attributed to anticipation of the Securities and Exchange Commission’s decision on approval of the Winklevoss Bitcoin Trust, which is expected by the end of the week.
The PBOC isn’t the only central bank that’s exploring the feasibility of its own digital currency. The Bank of England joined with researchers at University College in London to create RSCoin, a digital currency for central banks. The Bank of Canada has also said it is developing a blockchain-based digital version of the Canadian dollar. "
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