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Author Topic: [ANN] (QTUM) - A Scalable Smart Contract Platform w/ Proof of Stake  (Read 429615 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. (2 posts by 2 users deleted.)
cerejobastos
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March 10, 2017, 08:59:06 PM
 #2461

wish I had never commented in this thread.
put your money on decred or Iconomi (not only good ones ofc) if you want a valid risk with possible huge rewards, if you want long term profit go for bitcoin.
avoid qtum, just my opinion.
good luck cryptofellows.

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March 10, 2017, 09:59:28 PM
 #2462

... and stackoverflow you will also notice those accounts were actually created right after the release of qtum ...

Looks like you're paranoid now  Grin

stackoverflow: Date Registered: April 14, 2015
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March 10, 2017, 10:58:32 PM
 #2463

Press Update:


FinanceMagnates.com discusses the March 16th Qtum Crowd Sale. 


The price has been released at: https://qtum.org/en/crowdsale















 Avi Mizrahi | News (CryptoCurrency) | Thursday, 09/03/2017|10:34 GMT


The Qtum Foundation, developer of the recently revealed Qtum smart contracts blockchain, today announced plans to hold its upcoming QTUM token crowdsale to raise over 13,000 BTC (over $15 million) on six exchanges at once. The 30-day token crowdsale will begin March 16, offering 51 million QTUM for either Bitcoin or Ethereum.

QTUM are the cryptographic software tokens used to engage with distributed applications and smart contracts on the Qtum platform, and will serve as the staking currency of the Qtum blockchain, as well as fuel for computational operations performed by the Qtum network.

“This crowdsale will accelerate the development of the Qtum Project and assure that we will have a stable blockchain platform for industry and consumer smart contracts. Given the commercial interest for making IoT, financial, and supply chain applications on blockchain, we imagine Qtum can be the robust infrastructure these applications are built on,” said Patrick Dai, co-founder of the Qtum Project

The crowdsale will be at these mostly Chinese cryptocurrency exchanges and crowdfunding portals: Bizhongchou, Yunbi, ICOAGE, Allcoin, ICO365, and BTC9.

Qtum recently announced a partnership with PwC China, which will support Qtum’s efforts to help fuel blockchain adoption across global business sectors. Qtum has raised $1 million from investors including Chen Weixing (Kuaidi), Star Xu (OkCoin), Anthony Di Iorio (Ethereum, Jaxx Blockchain Interface), Jeremy Gardner (Augur), Fenbushi Capital’s Managing Partner Bo Shen, and angel investor Xiaolai Li.








Why so many Chinese Exchanges? How about the none Chinese investors? Why can't you add Bittrex, or Liqui.io, CoinExchange, or CCex?
Why make it so hard for the none Chinese  community?

      Cry  Cry  Cry  Cry  Cry
Mr.Pro
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March 10, 2017, 11:00:23 PM
 #2464

Why so many Chinese Exchanges? How about the none Chinese investors? Why can't you add Bittrex, or Liqui.io, CoinExchange, or CCex?
Why make it so hard for the none Chinese  community?

      Cry  Cry  Cry  Cry  Cry

Cos this scam is baked but someone noticed how dirty the way they bake this scam. Sorry for them people don't want to have another big crypto scam.
stormia
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March 10, 2017, 11:15:10 PM
 #2465

... and stackoverflow you will also notice those accounts were actually created right after the release of qtum ...

Looks like you're paranoid now  Grin

stackoverflow: Date Registered: April 14, 2015

Oh sorry I made a mistake and confused you with another sockpuppet, thanks for correcting it. It's still clear as day you are a shill and I implore anybody who doubts that to simply look through your posts. I love how you don't even try to refute/challenge any of the other things I said in my post lol you just cut it out of the quote in hopes less people will see it.

Well, too bad because here it is again:

Let's just pretend for a moment there is nothing to worry about here in terms of the project being a scam:

Even if this didn't reek of scam they want to raise 15 million dollars in the ICO for only 51% of the supply. That's an initial market capitalization of 30 million. Based on what? What justifies the biggest initial market capitalization in the history of crypto ICOs? There isn't even a github yet. It's ridiculous. What sane investor would invest in this? There is little room to grow and tons of room for the price to fall. With an initial market cap of 30 mil how could anybody expect to make a profit by investing in the ICO, even if this isn't a scam?
Factor in the additional fact the team is also going to have 29% of the supply that they will be selling to further fund the project (as if 15 million isn't enough?) and the fact the angel backers invested only ~1 million and got 20% of the supply meaning they paid 1/6th what ICO investors will have to pay and they can dump their coins all the way down to 1/6 the ICO price and still sell for a profit. How the hell are you going to support an initial market cap of 30 mil when you also have that type of sell pressure coming from the 49% premine? Even if the team were clean as a whistle how is anybody dumb enough to think this is a sound investment?


Why wouldn't somebody just wait until after the ICO to buy on the inevitable dump below ICO price? That way you could also wait and see for certain whether or not it is a scam.
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March 11, 2017, 02:14:19 AM
Last edit: March 11, 2017, 02:25:16 AM by dzimbeck
 #2466

... and stackoverflow you will also notice those accounts were actually created right after the release of qtum ...

Looks like you're paranoid now  Grin

stackoverflow: Date Registered: April 14, 2015

Oh sorry I made a mistake and confused you with another sockpuppet, thanks for correcting it. It's still clear as day you are a shill and I implore anybody who doubts that to simply look through your posts. I love how you don't even try to refute/challenge any of the other things I said in my post lol you just cut it out of the quote in hopes less people will see it.

Well, too bad because here it is again:

Let's just pretend for a moment there is nothing to worry about here in terms of the project being a scam:

Even if this didn't reek of scam they want to raise 15 million dollars in the ICO for only 51% of the supply. That's an initial market capitalization of 30 million. Based on what? What justifies the biggest initial market capitalization in the history of crypto ICOs? There isn't even a github yet. It's ridiculous. What sane investor would invest in this? There is little room to grow and tons of room for the price to fall. With an initial market cap of 30 mil how could anybody expect to make a profit by investing in the ICO, even if this isn't a scam?
Factor in the additional fact the team is also going to have 29% of the supply that they will be selling to further fund the project (as if 15 million isn't enough?) and the fact the angel backers invested only ~1 million and got 20% of the supply meaning they paid 1/6th what ICO investors will have to pay and they can dump their coins all the way down to 1/6 the ICO price and still sell for a profit. How the hell are you going to support an initial market cap of 30 mil when you also have that type of sell pressure coming from the 49% premine? Even if the team were clean as a whistle how is anybody dumb enough to think this is a sound investment?


Why wouldn't somebody just wait until after the ICO to buy on the inevitable dump below ICO price? That way you could also wait and see for certain whether or not it is a scam.


I was waiting for someone to point this out. Thanks.

I promised BitBay I would stay out of it and gently encouraged them to do the same, but if you don't mind there is one thing I would like to comment. This will most likely be my last comment on this thread. Investors are already aware so they know the risks moving forward.

Even if the price of Qtum goes up, the reality is that Dai walked from our project with a huge fortune that he didn't work for. As stated before we didn't condemn him at first because he agreed to stay. That was not honored and if anyone checks they will notice interviews and news articles after the first year I was condemning Dai (way before I was aware of Qtum). And that is not even mentioning that he pumped the ICO with his own funds and got a refund (free coins). Something I was made aware of a bit too late. There is tons of chat logs plastered all over BCT about that. Some were already posted here. Despite that, I still tried to contact him in a diplomatic manner. Obviously, I got tired of doing that.

So if investors don't mind Dai potentially pumping his own ICO and getting free coins rebated to him & his partners or if you don't mind a 49% premine on top of what they intend to raise go right ahead. Or if you don't mind that Dai has not worked hard in the past beyond an ICO then go ahead.

Or better yet, just invest in projects with honorable teams.

Although it is true I went to the slack and tried to warn the team of the guy they were dealing with. My warnings were ignored by the Qtum team. So although nobody here was calling Qtum a "scam" we were simply pointing out that the founder is sitting on stolen funds and breaks promises.

Considering Qtum moves forward with this anyway is sad indeed and whatever blowback they get is deserved. And to the devs who still have a chance to drop off the project despite the big paycheck. I can see money has blinded you guys (Earlz, Brett, etc). I'm very sorry to hear that and just realize you are placing the value of money over your own reputations. And more critically, you guys are at peace risking the funds of investors in the hands of a known theif. (Regardless of the supposed financial "oversight" it doesn't change who you work for)

When will people learn to start supporting honorable people as opposed to supporting dishonorable ones? Trust should be the FIRST thing an investor considers when advancing.

Okay well... adios.
altcoinrich
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March 11, 2017, 02:30:33 AM
 #2467

... and stackoverflow you will also notice those accounts were actually created right after the release of qtum ...

Looks like you're paranoid now  Grin

stackoverflow: Date Registered: April 14, 2015

Oh sorry I made a mistake and confused you with another sockpuppet, thanks for correcting it. It's still clear as day you are a shill and I implore anybody who doubts that to simply look through your posts. I love how you don't even try to refute/challenge any of the other things I said in my post lol you just cut it out of the quote in hopes less people will see it.

Well, too bad because here it is again:

Let's just pretend for a moment there is nothing to worry about here in terms of the project being a scam:

Even if this didn't reek of scam they want to raise 15 million dollars in the ICO for only 51% of the supply. That's an initial market capitalization of 30 million. Based on what? What justifies the biggest initial market capitalization in the history of crypto ICOs? There isn't even a github yet. It's ridiculous. What sane investor would invest in this? There is little room to grow and tons of room for the price to fall. With an initial market cap of 30 mil how could anybody expect to make a profit by investing in the ICO, even if this isn't a scam?
Factor in the additional fact the team is also going to have 29% of the supply that they will be selling to further fund the project (as if 15 million isn't enough?) and the fact the angel backers invested only ~1 million and got 20% of the supply meaning they paid 1/6th what ICO investors will have to pay and they can dump their coins all the way down to 1/6 the ICO price and still sell for a profit. How the hell are you going to support an initial market cap of 30 mil when you also have that type of sell pressure coming from the 49% premine? Even if the team were clean as a whistle how is anybody dumb enough to think this is a sound investment?


Why wouldn't somebody just wait until after the ICO to buy on the inevitable dump below ICO price? That way you could also wait and see for certain whether or not it is a scam.


I was waiting for someone to point this out. Thanks.

I promised BitBay I would stay out of it and gently encouraged them to do the same, but if you don't mind there is one thing I would like to comment. This will most likely be my last comment on this thread. Investors are already aware so they know the risks moving forward.

Even if the price of Qtum goes up, the reality is that Dai walked from our project with a huge fortune that he didn't work for. As stated before we didn't condemn him at first because he agreed to stay. That was not honored and if anyone checks they will notice interviews and news articles after the first year I was condemning Dai (way before I was aware of Qtum). And that is not even mentioning that he pumped the ICO with his own funds and got a refund (free coins). Something I was made aware of a bit too late. There is tons of chat logs plastered all over BCT about that. Some were already posted here. Despite that, I still tried to contact him in a diplomatic manner. Obviously, I got tired of doing that.

So if investors don't mind Dai potentially pumping his own ICO and getting free coins rebated to him & his partners or if you don't mind a 49% premine on top of what they intend to raise go right ahead. Or if you don't mind that Dai has not worked hard in the past beyond an ICO then go ahead.

Or better yet, just invest in projects with honorable teams.

Although it is true I went to the slack and tried to warn the team of the guy they were dealing with. My warnings were ignored by the Qtum team. So although nobody here was calling Qtum a "scam" we were simply pointing out that the founder is sitting on stolen funds and breaks promises.

Considering Qtum moves forward with this anyway is sad indeed and whatever blowback they get is deserved. And to the devs who still have a chance to drop off the project despite the big paycheck. I can see money has blinded you guys (Earlz, Brett, etc). I'm very sorry to hear that and just realize you are placing the value of money over your own reputations. And more critically, you guys are at peace risking the funds of investors in the hands of a known theif. (Regardless of the supposed financial "oversight" it doesn't change who you work for)

When will people learn to start supporting honorable people as opposed to supporting dishonorable ones? Trust should be the FIRST thing an investor considers when advancing.

Okay well... adios.

Did he return the fund to you? If no, I think you should keep asking him to return the money, you know they don't care in this forum. They promoted heavily in China mainland, there will be most Chinese investors like Antshares, you know ANS price is less than half of ICO price, I think Qtum will break ICO price too, if those Chinese noobs still invest in Qtum.
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March 11, 2017, 03:01:30 AM
 #2468

... and stackoverflow you will also notice those accounts were actually created right after the release of qtum ...

Looks like you're paranoid now  Grin

stackoverflow: Date Registered: April 14, 2015

Oh sorry I made a mistake and confused you with another sockpuppet, thanks for correcting it. It's still clear as day you are a shill and I implore anybody who doubts that to simply look through your posts. I love how you don't even try to refute/challenge any of the other things I said in my post lol you just cut it out of the quote in hopes less people will see it.

Well, too bad because here it is again:

Let's just pretend for a moment there is nothing to worry about here in terms of the project being a scam:

Even if this didn't reek of scam they want to raise 15 million dollars in the ICO for only 51% of the supply. That's an initial market capitalization of 30 million. Based on what? What justifies the biggest initial market capitalization in the history of crypto ICOs? There isn't even a github yet. It's ridiculous. What sane investor would invest in this? There is little room to grow and tons of room for the price to fall. With an initial market cap of 30 mil how could anybody expect to make a profit by investing in the ICO, even if this isn't a scam?
Factor in the additional fact the team is also going to have 29% of the supply that they will be selling to further fund the project (as if 15 million isn't enough?) and the fact the angel backers invested only ~1 million and got 20% of the supply meaning they paid 1/6th what ICO investors will have to pay and they can dump their coins all the way down to 1/6 the ICO price and still sell for a profit. How the hell are you going to support an initial market cap of 30 mil when you also have that type of sell pressure coming from the 49% premine? Even if the team were clean as a whistle how is anybody dumb enough to think this is a sound investment?


Why wouldn't somebody just wait until after the ICO to buy on the inevitable dump below ICO price? That way you could also wait and see for certain whether or not it is a scam.


I was waiting for someone to point this out. Thanks.

I promised BitBay I would stay out of it and gently encouraged them to do the same, but if you don't mind there is one thing I would like to comment. This will most likely be my last comment on this thread. Investors are already aware so they know the risks moving forward.

Even if the price of Qtum goes up, the reality is that Dai walked from our project with a huge fortune that he didn't work for. As stated before we didn't condemn him at first because he agreed to stay. That was not honored and if anyone checks they will notice interviews and news articles after the first year I was condemning Dai (way before I was aware of Qtum). And that is not even mentioning that he pumped the ICO with his own funds and got a refund (free coins). Something I was made aware of a bit too late. There is tons of chat logs plastered all over BCT about that. Some were already posted here. Despite that, I still tried to contact him in a diplomatic manner. Obviously, I got tired of doing that.

So if investors don't mind Dai potentially pumping his own ICO and getting free coins rebated to him & his partners or if you don't mind a 49% premine on top of what they intend to raise go right ahead. Or if you don't mind that Dai has not worked hard in the past beyond an ICO then go ahead.

Or better yet, just invest in projects with honorable teams.

Although it is true I went to the slack and tried to warn the team of the guy they were dealing with. My warnings were ignored by the Qtum team. So although nobody here was calling Qtum a "scam" we were simply pointing out that the founder is sitting on stolen funds and breaks promises.

Considering Qtum moves forward with this anyway is sad indeed and whatever blowback they get is deserved. And to the devs who still have a chance to drop off the project despite the big paycheck. I can see money has blinded you guys (Earlz, Brett, etc). I'm very sorry to hear that and just realize you are placing the value of money over your own reputations. And more critically, you guys are at peace risking the funds of investors in the hands of a known theif. (Regardless of the supposed financial "oversight" it doesn't change who you work for)

When will people learn to start supporting honorable people as opposed to supporting dishonorable ones? Trust should be the FIRST thing an investor considers when advancing.

Okay well... adios.

Did he return the fund to you? If no, I think you should keep asking him to return the money, you know they don't care in this forum. They promoted heavily in China mainland, there will be most Chinese investors like Antshares, you know ANS price is less than half of ICO price, I think Qtum will break ICO price too, if those Chinese noobs still invest in Qtum.

The fact that they are not informing the Chinese is wrong. Hopefully someone informed them to be aware of this. They deserve to know what is going on here.

And no of course he did not refund it to me nor did he invest time or money into the project. The dev fund was never his and meant for development. 20 btc from each of the 5 people involved (including myself). So as stated fairly detailed in an earlier post with screenshots and links he got 151-170+ BTC and 10-20% of Bay which he sold and didn't work for. Not a bad payday for simply riding my reputation.

Realize, with BitHalo they already had a prototype to promote so he and the others profited off of two years of my hard work. Obviously I made the mistake of not valuing what I had accomplished up to that point and felt like I was able to license the technology as part of my business model sort of forgetting the value in my own name.

That makes him no better than Bobsurplus, potentially just as bad because he tried to mislead us into thinking he would stay when by his own admission he didn't.

I persisted for 2 years contacting him and got a measly 500 dollars. So I've given up trying to get funds from him. He said he would contribute every month and didn't even do that.

I've learned to value my time now more than ever. So to waste even a moment on him or his friends is a moment not spent on myself, my family or BitBay and Halo.
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March 11, 2017, 03:11:37 AM
 #2469

-

You're portraying yourself as completely innocent, and Dai as the only bad guy in the story. I bet there's more to it than that.
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March 11, 2017, 03:33:50 AM
 #2470

Press Update:


FinanceMagnates.com discusses the March 16th Qtum Crowd Sale. 


The price has been released at: https://qtum.org/en/crowdsale















 Avi Mizrahi | News (CryptoCurrency) | Thursday, 09/03/2017|10:34 GMT


The Qtum Foundation, developer of the recently revealed Qtum smart contracts blockchain, today announced plans to hold its upcoming QTUM token crowdsale to raise over 13,000 BTC (over $15 million) on six exchanges at once. The 30-day token crowdsale will begin March 16, offering 51 million QTUM for either Bitcoin or Ethereum.

QTUM are the cryptographic software tokens used to engage with distributed applications and smart contracts on the Qtum platform, and will serve as the staking currency of the Qtum blockchain, as well as fuel for computational operations performed by the Qtum network.

“This crowdsale will accelerate the development of the Qtum Project and assure that we will have a stable blockchain platform for industry and consumer smart contracts. Given the commercial interest for making IoT, financial, and supply chain applications on blockchain, we imagine Qtum can be the robust infrastructure these applications are built on,” said Patrick Dai, co-founder of the Qtum Project

The crowdsale will be at these mostly Chinese cryptocurrency exchanges and crowdfunding portals: Bizhongchou, Yunbi, ICOAGE, Allcoin, ICO365, and BTC9.

Qtum recently announced a partnership with PwC China, which will support Qtum’s efforts to help fuel blockchain adoption across global business sectors. Qtum has raised $1 million from investors including Chen Weixing (Kuaidi), Star Xu (OkCoin), Anthony Di Iorio (Ethereum, Jaxx Blockchain Interface), Jeremy Gardner (Augur), Fenbushi Capital’s Managing Partner Bo Shen, and angel investor Xiaolai Li.








Why so many Chinese Exchanges? How about the none Chinese investors? Why can't you add Bittrex, or Liqui.io, CoinExchange, or CCex?
Why make it so hard for the none Chinese  community?

      Cry  Cry  Cry  Cry  Cry

Allcoin.com was added to the list, it's a Canadian exchange.

We reached out to Poloniex and they told us they don't host Crowd Sales anymore, so we have to respect their rules.


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prix
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March 11, 2017, 04:07:05 AM
 #2471

Early investors will have 6x from start. 6x and 20%.

Vitalik Buterin got another approach and decline bitcoin code with UTXO.
And now the Qtum team want to mix EVM from Etherium, code from Bitcoin and POS from Blackcoin?
For 30 millon dollars?

Qtum want to get a piece of Etherium & Bitcoin popularity. What the problems they will solve?

I'm not even talking about all these accusations in the scam and the change of the names of the co-founder.

It's crazy.

Well, too bad because here it is again:

Let's just pretend for a moment there is nothing to worry about here in terms of the project being a scam:

Even if this didn't reek of scam they want to raise 15 million dollars in the ICO for only 51% of the supply. That's an initial market capitalization of 30 million. Based on what? What justifies the biggest initial market capitalization in the history of crypto ICOs? There isn't even a github yet. It's ridiculous. What sane investor would invest in this? There is little room to grow and tons of room for the price to fall. With an initial market cap of 30 mil how could anybody expect to make a profit by investing in the ICO, even if this isn't a scam?
Factor in the additional fact the team is also going to have 29% of the supply that they will be selling to further fund the project (as if 15 million isn't enough?) and the fact the angel backers invested only ~1 million and got 20% of the supply meaning they paid 1/6th what ICO investors will have to pay and they can dump their coins all the way down to 1/6 the ICO price and still sell for a profit. How the hell are you going to support an initial market cap of 30 mil when you also have that type of sell pressure coming from the 49% premine? Even if the team were clean as a whistle how is anybody dumb enough to think this is a sound investment?


Why wouldn't somebody just wait until after the ICO to buy on the inevitable dump below ICO price? That way you could also wait and see for certain whether or not it is a scam.

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March 11, 2017, 04:54:19 AM
 #2472

-

You're portraying yourself as completely innocent, and Dai as the only bad guy in the story. I bet there's more to it than that.

Regardless of my innocence, consider I've been working for 2 years after BitBay started and coding 8+ hour days to fulfill the promises made. Unlike other vaporware the software does exactly what it says it does. So unlike Dai I work for my money. Actions speak louder than words. And on that note, I will take my leave.
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March 11, 2017, 05:28:03 AM
 #2473

bitbay is a good Project. Let's buy some.

running farm worldwide
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March 11, 2017, 05:30:46 AM
 #2474

why is "Patrick" Dai still in this project?

as long as he's in, it'll be known as a scam.

It's a damn shame that many Chinese people who frequent the websites where this ico is offered probably don't follow bitcointalk, smithandcrown, or icocountdown.

Probably the only money they will be able to scam will come from China

#Rektum

+1.. but seems Qtum is not a scam.. i think their angel investors are not stupid..

also check this post.. seems people also call vitalik a scammer..

also people call jack ma a scammer earlier.

http://www.newsbtc.com/2016/08/17/gregory-maxwell-vitalik-buterin-ran-quantum-computer-scam/
Gregory Maxwell: “Vitalik Buterin Ran A Quantum Computer Scam”
Being a public figure in the cryptocurrency world comes with prestige and personal attacks. Vitalik Buterin, the visionary of Ethereum development and coding genius, has been active in the world of technology for quite some time now. Before he even created Ethereum, however, he was working on building a computer program to solve NP-complete problems. Or as some people would like to call it, vaporware.

NP-complete problems are decision problems revolving around computational complexity theory. While the entire explanation of this concept can be found on Wikipedia, it is safe to assume this will one of those concepts that is always subject to substantial debate.

Vitalik Buterin And The Quantum Computer Scam
Interestingly enough, Vitalik Buterin used to be involved in this particular field of expertise before he started working on Ethereum. In fact, he was working on a software tool to address these NP-complete problems in polynomial time. Building such a solution from scratch is both time-consuming and costly, though.

According to an archived post from Gregory Maxwell, Buterin was collecting investments from people to fund the creation of this computer program. However, Maxwell strongly feels this was nothing more than an attempt to fund vaporware. In fact, a post on Qntra refers to his idea for this computer program as “a quantum computer simulation scam”.

Gregory Maxwell explained this vaporware scam as follows:

“Vitalik’s project immediately before Ethereum is that he was collecting investments from people to fund building a computer program to solve NP-complete problems in polynomial time, supposedly by simulating a quantum computer. (Never mind that even real QC aren’t conjectured to be able to do that, nor does ‘simulation’ make any sense; unless BPP == BQP that’s not even possible, and virtually all experts agree the complexity classes are probably not equivalent). He built up a reputation for himself writing tech explainers of other people’s ideas usually without any attribution (until someone complains), making him look like the author.”
And Then Ethereum Was Born
That is a rather interesting take on things. Complex ideas and concepts are difficult to explain, let alone making anyone see the need to address them. Yet for some reason, Buterin felt he had the tools at his disposal to convince people to give him money for this project. It remains unclear as to why he failed in doing so, though.

Regardless of the reasoning, it didn’t take Vitalik Buterin long to come up with a new idea. Ethereum, before it was even released to the public, raised several millions of dollars in investments. To some people, the whole concept of Ethereum is still hit-and-miss, as the code can be exploited in multiple ways. The DAO attack and replay attacks are just two of the examples.

That being said, no one is saying Ethereum is vaporware. Interesting concepts can be built on top of this source code that will change our society as a whole. But this whole ordeal goes to show there is a difference between creating concepts and stealing other’s ideas.

Vitalik is a scammer.
But smart contract is good.

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March 11, 2017, 05:32:07 AM
 #2475

Just wonder how many BTC and bitbay zimbeck get from bitbay?

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March 11, 2017, 05:36:03 AM
 #2476

Any comments on their new version white paper? Shit paper or good paper?

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March 11, 2017, 05:58:33 AM
 #2477

Press Update:

Great article from CoinGecko!  

For example:

"For example, if a payment gateway accepts bitcoin today, it already holds the potential to support Qtum transactions without any significant modifications. This would allow Qtum smart contracts to interface with the two largest existing decentralized environments, making the lives of developers and entrepreneurs in this industry much easier."

Excellent research by the author.















"Asia’s Qtum Project Aims to Revamp Smart Contracts

CoinGecko March 07, 2017 - Posted by CoinGecko on Coverage

Last year had its ups and downs for the crypto community. Bitcoin surprised skeptics and alarmists, approaching some all time highs towards Q4. However, many in the smart contracts camp were left heartbroken. It began with a sense of optimism with Ethereum’s long anticipated Homestead release, which was soon depressed by the infamous DAO hack.

The immaturity of blockchain smart contracts seemed to be uncovered by this incident, leaving many investors and developers with the bitter impression that smart contracts are still very far away from causing any significant industry adoption.  

While the gap between promises and reality left the Western market in a state of sensation-fatigue, China seems to be picking up the pace. Backed by heavy government endorsement, the emerging Asian blockchain industry might just turn the tables on the state of decentralized computation in 2017.

One especially interesting initiative is the “Qtum Foundation” - a Singaporean entity overseeing the development of a business oriented blockchain stack to promote the broad adoption of dApp technology. The Qtum blockchain, developed by the Qtum Foundation, is a Turing-complete smart contracting platform, stacked upon a modified version of the Bitcoin blockchain.

Qtum claims that this architecture should solve many instability issues and allow smart contracts to be executed in business-crucial environments that were until now out of reach for Ethereum-powered applications - including mobile devices like smartphones and tablets.

The project is backed by an extensive list of impressive investors and advisors, including Anthony Di Iorio, Ethereum Co-Founder and CEO of JaxxWallet, Chen Weixing, founder of Kuaidi, the Chinese version of Uber, Jeremy Gardner, co-founder of Augur and EIR at Blockchain Capital, David Lee Kuo Chuen, founder of LeftCoast & Advisor at Libra, as well as Bo Shen, Managing Partner at Fenbushi Capital to name a few.

Corresponding with China’s ambition to create a standardized blockchain environment for legacy business use cases, Qtum aims to bridge the existing gap between blockchains and the business world by allowing smart contracts to consistently adhere to changing commercial rules and regulations.

With Qtum, DApps can trigger real-world, off-chain data inputs, auditable by a verified Oracle or trusted mediator - while the contract’s essential elements, such as participants and authorization structures, are secured on the blockchain itself. With this, an authorized party is able to audit certain aspects of a contract, while its elemental properties remain protected by the decentralized environment.

Since Qtum employs Ethereum’s Virtual Machine (EVM) for the execution of smart contracts, the system is compatible with existing Ethereum applications. Qtum’s Bitcoin-based blockchain, nonetheless, also allows the stack to be mostly consistent with the Bitcoin ecosystem, which is especially interesting due to the millions of dollars already invested in this space.

For example, if a payment gateway accepts bitcoin today, it already holds the potential to support Qtum transactions without any significant modifications. This would allow Qtum smart contracts to interface with the two largest existing decentralized environments, making the lives of developers and entrepreneurs in this industry much easier.

The team seems to just use the EVM as a starting ground for more ambitious plans. In Qtum’s recently published technical whitepaper, the team gives details about smart contract lifecycle management which could make smart contract negotiation more akin to traditional contracts. The team also wants to embrace a new smart contracts language that will be more expressive and have “pattern-based design, process awareness, matching of processes.”

The 17th five-year plan, recently published by the Chinese government, lists blockchain technologies among the main development directions in the PRC’s information planning document. China’s Central Bank, the PBOC, has also signaled support for blockchain, with the bank's chief, Xiaochuan, stating to the press that it had spent "significant resources" researching the technology.

With a large part of Qtum’s team based in China, Qtum could capture the demand for local blockchain solutions. Qtum would be the first major blockchain project coming out of Asia. The team is also being supported with its project management by PwC, something no other blockchain project can claim.

With the kind of institutional backing and the investor interest that Qtum has, it seems that 2017 holds loads of potential for blockchain enthusiasts. CoinGecko looks forward to seeing what the Qtum team produces."








Where is the dev, do not hide, please speak something? other wise, I will use all my money to buy bitbay!

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March 11, 2017, 07:00:25 AM
 #2478

Just wonder how many BTC and bitbay zimbeck get from bitbay?

Please direct any questions about BitBay to our thread or slack as this is Qtum thread and it may go unnoticed (I did say I'm not commenting here anymore and plan on trying my best to do that). A quick answer to that though; as for BTC I got 191 BTC and 10% of Bay which has not been sold since launch (i can spend from those accounts proving that fact). I'm waiting to finish the pegging before even considering it. That was all explained 2 years ago on reddit. All things considered, I'm going on my 3rd year of work on it. And I do it as my full time job (BitBay and BitHalo/BlackHalo).

Please understand I'm not fudding you guys, have no interest in pumping Bay (thats why we are doing decentralized pegging) and excuse me for answering this here.

At this point investors know the risks here and the devs are aware as well of the risk and of the moral compromise.

Adios
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March 11, 2017, 07:03:08 AM
 #2479

... and stackoverflow you will also notice those accounts were actually created right after the release of qtum ...

Looks like you're paranoid now  Grin

stackoverflow: Date Registered: April 14, 2015

Oh sorry I made a mistake and confused you with another sockpuppet, thanks for correcting it. It's still clear as day you are a shill and I implore anybody who doubts that to simply look through your posts. I love how you don't even try to refute/challenge any of the other things I said in my post lol you just cut it out of the quote in hopes less people will see it.

Well, too bad because here it is again:

Let's just pretend for a moment there is nothing to worry about here in terms of the project being a scam:

Even if this didn't reek of scam they want to raise 15 million dollars in the ICO for only 51% of the supply. That's an initial market capitalization of 30 million. Based on what? What justifies the biggest initial market capitalization in the history of crypto ICOs? There isn't even a github yet. It's ridiculous. What sane investor would invest in this? There is little room to grow and tons of room for the price to fall. With an initial market cap of 30 mil how could anybody expect to make a profit by investing in the ICO, even if this isn't a scam?
Factor in the additional fact the team is also going to have 29% of the supply that they will be selling to further fund the project (as if 15 million isn't enough?) and the fact the angel backers invested only ~1 million and got 20% of the supply meaning they paid 1/6th what ICO investors will have to pay and they can dump their coins all the way down to 1/6 the ICO price and still sell for a profit. How the hell are you going to support an initial market cap of 30 mil when you also have that type of sell pressure coming from the 49% premine? Even if the team were clean as a whistle how is anybody dumb enough to think this is a sound investment?


Why wouldn't somebody just wait until after the ICO to buy on the inevitable dump below ICO price? That way you could also wait and see for certain whether or not it is a scam.


I was waiting for someone to point this out. Thanks.

I promised BitBay I would stay out of it and gently encouraged them to do the same, but if you don't mind there is one thing I would like to comment. This will most likely be my last comment on this thread. Investors are already aware so they know the risks moving forward.

Even if the price of Qtum goes up, the reality is that Dai walked from our project with a huge fortune that he didn't work for. As stated before we didn't condemn him at first because he agreed to stay. That was not honored and if anyone checks they will notice interviews and news articles after the first year I was condemning Dai (way before I was aware of Qtum). And that is not even mentioning that he pumped the ICO with his own funds and got a refund (free coins). Something I was made aware of a bit too late. There is tons of chat logs plastered all over BCT about that. Some were already posted here. Despite that, I still tried to contact him in a diplomatic manner. Obviously, I got tired of doing that.

So if investors don't mind Dai potentially pumping his own ICO and getting free coins rebated to him & his partners or if you don't mind a 49% premine on top of what they intend to raise go right ahead. Or if you don't mind that Dai has not worked hard in the past beyond an ICO then go ahead.

Or better yet, just invest in projects with honorable teams.

Although it is true I went to the slack and tried to warn the team of the guy they were dealing with. My warnings were ignored by the Qtum team. So although nobody here was calling Qtum a "scam" we were simply pointing out that the founder is sitting on stolen funds and breaks promises.

Considering Qtum moves forward with this anyway is sad indeed and whatever blowback they get is deserved. And to the devs who still have a chance to drop off the project despite the big paycheck. I can see money has blinded you guys (Earlz, Brett, etc). I'm very sorry to hear that and just realize you are placing the value of money over your own reputations. And more critically, you guys are at peace risking the funds of investors in the hands of a known theif. (Regardless of the supposed financial "oversight" it doesn't change who you work for)

When will people learn to start supporting honorable people as opposed to supporting dishonorable ones? Trust should be the FIRST thing an investor considers when advancing.

Okay well... adios.

Did he return the fund to you? If no, I think you should keep asking him to return the money, you know they don't care in this forum. They promoted heavily in China mainland, there will be most Chinese investors like Antshares, you know ANS price is less than half of ICO price, I think Qtum will break ICO price too, if those Chinese noobs still invest in Qtum.
Antshares is the big shit by the Chinese project, That's the biggest fail with thousands btc got stolen by the project. What's their result? nothing.



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March 11, 2017, 07:15:46 AM
 #2480

Read your articles and have no doubts,you want my btc.
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