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Author Topic: [ANN] (QTUM) - A Scalable Smart Contract Platform w/ Proof of Stake  (Read 523438 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (5 posts by 2 users deleted.)
MysterE
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March 09, 2017, 01:13:58 AM
 #2381

Having not a Qtum website available for investing says it all, I'm not going to invest
through some hardly known Chinese exchanges. If you want to look respectable then
you need to provide a better form of investing. I think I'll wait until the release and
when then the dust settles then decide whether to invest or not.

'because of legal restrictions' sounds like a cope out.

Your comments?

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March 09, 2017, 01:32:50 AM
 #2382

Devs, Does the fact that Yunbi has restricted Bitcoin withdrawals effective Today, and with no end date, have an impact on whether you will still use that exchange?

Address the following as well, for you keep skipping over it:

September 9, 2016: https://www.cryptocoinsnews.com/ethereum-based-identity-project-uport-wins-the-blockchain-competition/

Quote
“Qtum will become the first UTXO model based smart contract platform. Different from Rootstock, Qtum is using the Incentive proof of stake as the consensus protocol,also Qtum support EVM. We also divide the blockchain contract to Smart Contract and Master Contract. Through real world data feeds, you can build the Master Contract on QtumChain. We also offer identity on Qtum Blockchain. Qtum add value both to Bitcoin ecosystem and Ethereum ecosystem.”

They have signed a strategic partnership with PwC China, and recently signed a service contract with the world’s largest freight company for the use of VeChain, another project by the team, to better manage supply chains by adding blockchain capabilities to minimize fraud and theft.

February 22, 2017: Qtum's Slack channel before it gets deleted: https://qtumnexus.slack.com/archives/general/p1487836173003937



February 23, 2017: Qtum's Slack channel: https://qtumnexus.slack.com/archives/general/p1487836173003937



That's means somebody was in PwC's office on a Sunday morning at ~9:43 AM China/Singapore time to process a payment of ~$13,623 USD worth of bitcoins according to Brett. VVV

https://www.walletexplorer.com/txid/89b3e53a83d16d132200b96892dcf98c77ad3506866ff4e63a8105eb6337bc4f



It also means that somebody was in PwC's office at 2-3 AM (again, local time) to process the following bitcoin payments. VVV

https://www.walletexplorer.com/wallet/d38da05c72761402



But the bigger question is who was at PwC's office on January 2, 2017, at ~1:28 AM (again, local time) to process the following 500 BTC valued at over $491K at the time of the transaction? AND to who, since Qtum is a non-profit and ICO investors have a right to know according to the law in Singapore where their charter is registered?

https://www.walletexplorer.com/txid/51f9c3a755299425a38e119c068f3997f08fe3c60caab53cfbbea7b9dfd8c66a



it seems they raised more than 1000BTC from angel investors and sell 500BTC for cash to pay people's salary, what's wrong with this...?  Cry

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March 09, 2017, 01:33:31 AM
 #2383

Having not a Qtum website available for investing says it all, I'm not going to invest
through some hardly known Chinese exchanges. If you want to look respectable then
you need to provide a better form of investing. I think I'll wait until the release and
when then the dust settles then decide whether to invest or not.

'because of legal restrictions' sounds like a cope out.

Your comments?



yunbi is good. do not worry.

get your account ready at yunbi.com


running farm worldwide
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March 09, 2017, 01:41:13 AM
 #2384


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March 09, 2017, 01:57:54 AM
 #2385

Escrow information? Without escrow, at least I dare not invest money, since one of your co-founder is dishonest person, AFAIK, Neil is not a professional poker player, more info? Why only invest in exchanges? You can't develop a crowdfunding website by yourself?
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March 09, 2017, 02:57:30 AM
 #2386

Escrow information? Without escrow, at least I dare not invest money, since one of your co-founder is dishonest person, AFAIK, Neil is not a professional poker player, more info? Why only invest in exchanges? You can't develop a crowdfunding website by yourself?

Don't forget the 49% premine. Even if I didn't believe some of the dirt on Dai and other team members, the coin distribution and the manner in which this ICO is being held (without escrow, only on Chinese exchanges, no source code provided yet) is worrisome enough for me.

Also, maybe I missed it, but in the updated whitepaper I still don't see where it says what the PoS inflation rate will be which is definitely something that should be disclosed before people invest... 49% premine means they could forge 49% of the coins generated by PoS.
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March 09, 2017, 03:05:54 AM
 #2387

Escrow information? Without escrow, at least I dare not invest money, since one of your co-founder is dishonest person, AFAIK, Neil is not a professional poker player, more info? Why only invest in exchanges? You can't develop a crowdfunding website by yourself?

do not invest.

running farm worldwide
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March 09, 2017, 03:06:29 AM
 #2388

Escrow information? Without escrow, at least I dare not invest money, since one of your co-founder is dishonest person, AFAIK, Neil is not a professional poker player, more info? Why only invest in exchanges? You can't develop a crowdfunding website by yourself?

Don't forget the 49% premine. Even if I didn't believe some of the dirt on Dai and other team members, the coin distribution and the manner in which this ICO is being held (without escrow, only on Chinese exchanges, no source code provided yet) is worrisome enough for me.

Also, maybe I missed it, but in the updated whitepaper I still don't see where it says what the PoS inflation rate will be which is definitely something that should be disclosed before people invest... 49% premine means they could forge 49% of the coins generated by PoS.
yes, 49% premine, no need to invest.
better keep your BTC for some better project.  Smiley

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March 09, 2017, 03:10:04 AM
Last edit: March 09, 2017, 03:34:26 AM by stormia
 #2389

Escrow information? Without escrow, at least I dare not invest money, since one of your co-founder is dishonest person, AFAIK, Neil is not a professional poker player, more info? Why only invest in exchanges? You can't develop a crowdfunding website by yourself?

Don't forget the 49% premine. Even if I didn't believe some of the dirt on Dai and other team members, the coin distribution and the manner in which this ICO is being held (without escrow, only on Chinese exchanges, no source code provided yet) is worrisome enough for me.

Also, maybe I missed it, but in the updated whitepaper I still don't see where it says what the PoS inflation rate will be which is definitely something that should be disclosed before people invest... 49% premine means they could forge 49% of the coins generated by PoS.
yes, 49% premine, no need to invest.
better keep your BTC for some better project.  Smiley

Don't need to tell me that, but ty for reminding everybody that the team doesn't give a shit about concerns a majority of people have expressed here.

Any word on that PoS inflation rate yet? Seriously, I've read the new whitepaper over once and gone back and searched through it with keywords and either I still missed it or they still haven't disclosed it. I honestly just want to know. Are you not interested? Are you just planning to invest without even knowing the rate of inflation? I believe it is of particular importance here since they will initially be in control of 49% of the coin supply, i.e. they will be in control of 49% of potential PoS stake. Which raises another question, are they going to be staking the premine and if so how much of it?

Both the PoS inflation rate and how much of the premine the team will stake seem like things an auditing firm would be required to know, right? So shouldn't they know the answer if PwC is already on board?
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March 09, 2017, 03:33:23 AM
Last edit: March 09, 2017, 04:07:06 AM by Qtum
 #2390

Do you have any questions about the Qtum project?  Check out our new FAQ section of the website:  






"What is Qtum?

Qtum is an open source Blockchain project that is developed by the Singapore-based Qtum Foundation. Qtum is a hybrid blockchain application platform. Qtum’s core technology combines a fork of bitcoin core, an Account Abstraction Layer allowing for multiple Virtual Machines including the Ethereum Virtual Machine (EVM) and Proof-of-Stake consensus aimed at tackling industry use cases. We believe this will allow Smart Contracts and Decentralized Applications to run on a familiar foundation, while offering a robust environment for developers. The underlying technology uses an “Account Abstract Layer”, which acts as a bridge between the EVM and the Unspent Transaction Output model of Bitcoin Core.  There will be Oracles and Datafeed functionality, allowing developers to create Smart Contracts built around trusted sources of information.

The Qtum Foundation plans to be the public blockchain for business. Development efforts will allow us to market this platform to various industries, such as: Mobile Telecommunications, Counterfeit Protection, Finance, Industrial Logistics (shipping, warranty, etc), and Manufacturing."








What makes this different than other blockchain projects?

The Qtum project offers many advantages to the Smart Contract development community. This project is designed to implement the best parts of the Bitcoin and Ethereum projects, into a business-friendly blockchain. By implementing the Bitcoin Improvement Protocols, and making use of the Ethereum Virtual Machine, digital currency enthusiasts can finally agree on one platform that will offer stability and direction.







What is the benefit of the UTXO Model over the Account Model?

The account model is similar to a bank account. Each party has a balance and can subtract a portion of their balance to increase the balance of another party in order to send money. This model is conceptually very simple to understand. However, to make this work in a blockchain environment many pieces of logic must be added to avoid “double spending”, spending the same funds twice. This logic makes the account model less simple internally, and adds a number of restrictions.

The UTXO model on the other hand is similar to having an ecosystem built on bank checks (without an actual bank account, the check itself is the money). There is a “pay to” field which in our example provides instructions to how the money must be spent, and each check has an amount. You can not go to cash the check and say “cash half the check and give me half back”. Your “balance” per-se is the sum of the checks which you are capable of spending. This model is more difficult to explain, but because every is either “spent” or “unspent” and there is no in-between, it is much easier to secure in a blockchain environment with less logic required to maintain that security.

Each model has it’s own pros and cons. Accounts are conceptually simpler and thus smart contracts written on an account system tend to be much clearer and easy to understand. With UTXOs however it is simpler to validate a transaction, which can be done simply by verifying that the transaction has been confirmed by the blockchain, in the case of the SPV protocol. The UTXO model also has been tested and proven to be secure by Bitcoin, which has operated for over 7 years with no significant changes to its core model. It has also been proven to be more scalable, and transactions can easily be processed in parallel (which can be more difficult in the account model).

With all of this in mind, we at Qtum felt that building on the UTXO model best aligned with our goals and that adding the Account Abstraction Layer brought us the best of both worlds. Now we gain all of the security and interoperability benefits of the UTXO model, while smart contracts are written as if they were based on the conceptually simpler account model.






When Will The Crowdsale Start?

The sale will start 12pm GMT, March 16th, 2017. Please view our crowdsale page for more details: https://qtum.org/en/crowdsale





 

How Long Will The Token Sale Last?


The Crowd Sale will last for 30 days. It starts March 16th 2017 at 12PM GMT, and ends April 15th 2017 12PM GMT. https://qtum.org/en/blog/qtum-crowdsale-update-timeline






What is the Token distribution?

There will be 100 million total coins, 51% of the tokens available for sale to the public.  The other 49% is broken down as per the Economy Whitepaper, found at https://qtum.org/whitepaper






https://qtum.org/en/learn-more-about-qtum/general-faq

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ Qtum █▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
●▬●▬●▬● First UTXO Based PoS Smart Contract and DAPP Platform ●▬●▬●▬●
▃▃▃▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▃▃▃
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March 09, 2017, 03:35:20 AM
 #2391

Escrow information? Without escrow, at least I dare not invest money, since one of your co-founder is dishonest person, AFAIK, Neil is not a professional poker player, more info? Why only invest in exchanges? You can't develop a crowdfunding website by yourself?

Don't forget the 49% premine. Even if I didn't believe some of the dirt on Dai and other team members, the coin distribution and the manner in which this ICO is being held (without escrow, only on Chinese exchanges, no source code provided yet) is worrisome enough for me.

Also, maybe I missed it, but in the updated whitepaper I still don't see where it says what the PoS inflation rate will be which is definitely something that should be disclosed before people invest... 49% premine means they could forge 49% of the coins generated by PoS.


Patrick will announce the specifications soon.  The Inflation will be low, right now the developers are testing Proof-of-Stake, and we believe it will be 1% (but this could change)

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ Qtum █▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
●▬●▬●▬● First UTXO Based PoS Smart Contract and DAPP Platform ●▬●▬●▬●
▃▃▃▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▃▃▃
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March 09, 2017, 03:40:22 AM
Last edit: March 09, 2017, 03:53:26 AM by stormia
 #2392

Escrow information? Without escrow, at least I dare not invest money, since one of your co-founder is dishonest person, AFAIK, Neil is not a professional poker player, more info? Why only invest in exchanges? You can't develop a crowdfunding website by yourself?

Don't forget the 49% premine. Even if I didn't believe some of the dirt on Dai and other team members, the coin distribution and the manner in which this ICO is being held (without escrow, only on Chinese exchanges, no source code provided yet) is worrisome enough for me.

Also, maybe I missed it, but in the updated whitepaper I still don't see where it says what the PoS inflation rate will be which is definitely something that should be disclosed before people invest... 49% premine means they could forge 49% of the coins generated by PoS.


Patrick will announce the specifications soon.  The Inflation will be low, right now the developers are testing Proof-of-Stake, and we believe it will be 1% (but this could change)

Thank you for the answer.

Do you know if the team plans to stake the premine? And if so, how much? Is it different/same for the angel investors' 20% and the 29% dedicated to development etc?
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March 09, 2017, 03:50:06 AM
 #2393

Escrow information? Without escrow, at least I dare not invest money, since one of your co-founder is dishonest person, AFAIK, Neil is not a professional poker player, more info? Why only invest in exchanges? You can't develop a crowdfunding website by yourself?

Don't forget the 49% premine. Even if I didn't believe some of the dirt on Dai and other team members, the coin distribution and the manner in which this ICO is being held (without escrow, only on Chinese exchanges, no source code provided yet) is worrisome enough for me.

Also, maybe I missed it, but in the updated whitepaper I still don't see where it says what the PoS inflation rate will be which is definitely something that should be disclosed before people invest... 49% premine means they could forge 49% of the coins generated by PoS.


Patrick will announce the specifications soon.  The Inflation will be low, right now the developers are testing Proof-of-Stake, and we believe it will be 1% (but this could change)

Thank you for the answer.

Do you know if the team plans to stake the premined coins? And if so, how much? Is it different/same for the angel investors' 20% and the 29% dedicated to development etc?

That is a really good question.

We will most likely stake to secure the network. These addresses will be transparent.

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ Qtum █▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
●▬●▬●▬● First UTXO Based PoS Smart Contract and DAPP Platform ●▬●▬●▬●
▃▃▃▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▃▃▃
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March 09, 2017, 04:01:11 AM
Last edit: March 09, 2017, 04:14:27 AM by cybterpunk
 #2394

Escrow information? Without escrow, at least I dare not invest money, since one of your co-founder is dishonest person, AFAIK, Neil is not a professional poker player, more info? Why only invest in exchanges? You can't develop a crowdfunding website by yourself?

Don't forget the 49% premine. Even if I didn't believe some of the dirt on Dai and other team members, the coin distribution and the manner in which this ICO is being held (without escrow, only on Chinese exchanges, no source code provided yet) is worrisome enough for me.

Also, maybe I missed it, but in the updated whitepaper I still don't see where it says what the PoS inflation rate will be which is definitely something that should be disclosed before people invest... 49% premine means they could forge 49% of the coins generated by PoS.

+1, if you think this project is a scam or short term project, do not risk your money, better hold btc and wait for btc price going up to 2000$.

but i invested 20BTC into Eth, and i made about 20 times profit.. and i got 400BTC back.


at highest price, Ethereum investors almost have 80 times profit..  Smiley
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March 09, 2017, 04:13:41 AM
 #2395



what's the price of 1 Qtum token?

any comparison with Ethereum platform?
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March 09, 2017, 04:14:53 AM
 #2396

Escrow information? Without escrow, at least I dare not invest money, since one of your co-founder is dishonest person, AFAIK, Neil is not a professional poker player, more info? Why only invest in exchanges? You can't develop a crowdfunding website by yourself?

Don't forget the 49% premine. Even if I didn't believe some of the dirt on Dai and other team members, the coin distribution and the manner in which this ICO is being held (without escrow, only on Chinese exchanges, no source code provided yet) is worrisome enough for me.

Also, maybe I missed it, but in the updated whitepaper I still don't see where it says what the PoS inflation rate will be which is definitely something that should be disclosed before people invest... 49% premine means they could forge 49% of the coins generated by PoS.

+1, if you think this project is a scam or short term project, do not risk your money, better hold btc and wait for btc price going up to 2000$.

but i invested 20BTC into Eth, and i made about 20 times profit.. and i got 400BTC back.


at highest price, Ethereum investors almost have 80 times profit..  Smiley

Proof? LOL, you are new account, and you claimed to invest in ETH with 20BTC and returned 400 BTC? Who believes you? You are paid shill of Qtum, everyone can see this. I can say I invest in bitcoin in 30 usd. And i have made millions of usd.
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March 09, 2017, 04:23:06 AM
 #2397

Escrow information? Without escrow, at least I dare not invest money, since one of your co-founder is dishonest person, AFAIK, Neil is not a professional poker player, more info? Why only invest in exchanges? You can't develop a crowdfunding website by yourself?

Don't forget the 49% premine. Even if I didn't believe some of the dirt on Dai and other team members, the coin distribution and the manner in which this ICO is being held (without escrow, only on Chinese exchanges, no source code provided yet) is worrisome enough for me.

Also, maybe I missed it, but in the updated whitepaper I still don't see where it says what the PoS inflation rate will be which is definitely something that should be disclosed before people invest... 49% premine means they could forge 49% of the coins generated by PoS.

+1, if you think this project is a scam or short term project, do not risk your money, better hold btc and wait for btc price going up to 2000$.

but i invested 20BTC into Eth, and i made about 20 times profit.. and i got 400BTC back.


at highest price, Ethereum investors almost have 80 times profit..  Smiley

Proof? LOL, you are new account, and you claimed to invest in ETH with 20BTC and returned 400 BTC? Who believes you? You are paid shill of Qtum, everyone can see this. I can say I invest in bitcoin in 30 usd. And i have made millions of usd.

some people like this project.. some people dislike the project..

but always invest with you can afford to lose..

i am watching to make the decision..

waiting for the price details....then i will check if it deserve to invest or not.

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March 09, 2017, 04:23:47 AM
 #2398

6 years ago.. 80% people think bitcoin is a big scam. Cool

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March 09, 2017, 05:02:02 AM
 #2399

Update:  Smith + Crown has updated their analysis of the Qtum Project:











▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ Qtum █▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
●▬●▬●▬● First UTXO Based PoS Smart Contract and DAPP Platform ●▬●▬●▬●
▃▃▃▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▃▃▃
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March 09, 2017, 08:14:16 AM
 #2400

Don't fall for the comparisons to Ethereum guys.  That was a legit project that had a 17% premine and a highly respected founder.

This on the other hand....



#Rektum

MoveCrypto for Komodo Notary
https://komodoplatform.com/
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