[ANN] (QTUM) - A Scalable Smart Contract Platform w/ Proof of Stake

[pugman]

Maybe the paid trolls have went to sleep. A very good point from above. If your not interested in the project stay away. I am in and this nonsense FUD maybe is coming from some competitors?

I can assure you it's true and I'm not a scammer or a fudder. Your founder stole 200btc from the Bitbay's ICO and ran away with it never to be heard of again. Until someone recognised his picture on your website. You should be thankful his has happened now and not on 2 months time

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[pugman]

Typical of Bitcointalk I see a lot of accusations. By looking into this I see one accusation.

"Steven Dai walked away from BitBay with publicly invested Bitcoin & millions of BAY from the initial offering which has never been returned."

https://www.reddit.com/r/BitBay/comments/5vlick/bitbay_response_to_association_with_qtum/

I have not seen how much or any details beyond this.

It looks like 1 Million Bay= 1 bitcoin so if he took 2 Million or 5 Million it also appears he worked for the project. If he was a backer of the project is this not normal?

Can someone show evidence of wrong doing and not just making up accusation and accusing.

He stole 200btc from Bitbay's ICO

[stormia]

why people can not realize this is a FUD?

because people do not want other people invest into Qtum?

if you do not want invest, just go away. i think Qtum already get enough investor in china right now.


from what i hear in Chinese community, even some big Venture Capital may invest too.

Also technically speaking, Qtum is one of the best innovations in the last 1 year in crypto world.

why you trust some anoymity people on the Internet, rather than someone go the the EDCON and made a good speech to a lot of developers?

have you ever think why people create these FUD, just before the ICO ?  

Also from what i know, patrick is a great guy in china, he wrote a lot of technical articles and translated some good technical books too. that's what i know. and i do trust him and trust his company.  he is also the CTO of BitSE, one of the best blockchain company in the world, who control 2.5% of bitcoin network and 8% of zcash network (mining). and also patrick helped to develop one of the best blockchain products, vechain. which has more than 10 big clients all over the world.

why you trust some people you never met before on the internet?

Also any investment has risk. even hold bitcoin has risk too. Do your own homework and find the good project and  become a real investor.

Right... there is undeniable evidence that Patrick Dai, one of the co-founders of this project, previously stole funds from another project. But yeah, we should totally take your anecdotal opinion of Dai over that.

Even before the history of Dai came to light, this project had some shady aspects to its fundamentals. The token distribution is ridiculous. After the ICO 49% of the coins would be controlled by the small group of people comprising the team + angel investors, in addition to all the BTC they would get from selling off the other 51%. And that 51% that is being sold to the public is being sold predominately through exchanges nobody on here had ever heard of before this project. Exchanges which very easily could also be controlled by members of the team+angel investors. On top of this, the coin is PoS but there is no mention of the PoS inflation rate in either of the whitepapers. A PoS coin with a small group in control of 49% of the supply LOL, so they would also be generating 49% of the the coins generated through PoS. Not to mention all they would have to do is somehow get their hands on another 2% of the supply (through buying into their own ICO, for example) to be able to abuse the network.

[Gleb Gamow]

Maybe the paid trolls have went to sleep. A very good point from above. If your not interested in the project stay away. I am in and this nonsense FUD maybe is coming from some competitors?

Hey, Ethertrader1, care to weigh in as to why ethtrade's website went dark? Maybe it's just in maintenance mode while the FUD within is being expunged.

[MyIdeas]

I came to this thread after a longer period and do not know that what is happening with that project. I wish that the developer do not scam and they remain sincere with this project because if this project came legit then I can earn some profit.
I will come to this thread more often to study more that what is right at here (to invest or not)

[andreibi]

The token distribution is ridiculous. After the ICO 49% of the coins would be controlled by the small group of people comprising the team + angel investors, in addition to all the BTC they would get from selling off the other 51%.

And that 51% that is being sold to the public is being sold predominately through exchanges nobody on here had ever heard of before this project. Exchanges which very easily could also be controlled by members of the team+angel investors.

On top of this, the coin is PoS but there is no mention of the PoS inflation rate in either of the whitepapers. A PoS coin with a small group in control of 49% of the supply LOL, so they would also be generating 49% of the the coins generated through PoS. Not to mention all they would have to do is somehow get their hands on another 2% of the supply (through buying into their own ICO, for example) to be able to abuse the network.

Definitely a dealbreaker. Plus the fact this Mr. Xuguang Dai has a bad history already. Investing with this knowledge is like investing in Bryce Weiner coins. 

[muleroaa]

And still not one comment from Qtum on all this.

Already asked about the 51% distribution 2 weeks ago and they said they would comment on it within 24 hours. Since then I've asked 2 more times but still no reply.

Only 51% of tokens get distributed in the crowdsale?

I get that 20% is reserved for early backers and foundation initiators, but why is there an additional 20% reserved for business development and another 9% reserved for academic research, education and market expansion? Shouldn't those funds be allocated from the proceeds of the crowdsale? For example 80% crowdsale and 20% for early backers?

Just going to quote myself (above), since this gets burried so quickly with all the Qtum paid promoters.

This question can't be answered with a few sentences and then shelved, let me respond to this properly within 24 hours, these are the types of discussions that matter right now.

[MysterE]

I was looking forward to investing but now I think I'll stay on the sidelines and
monitor the developments for now.

[moxl]

why people can not realize this is a FUD?

because people do not want other people invest into Qtum?

if you do not want invest, just go away. i think Qtum already get enough investor in china right now.


from what i hear in Chinese community, even some big Venture Capital may invest too.

Also technically speaking, Qtum is one of the best innovations in the last 1 year in crypto world.

why you trust some anoymity people on the Internet, rather than someone go the the EDCON and made a good speech to a lot of developers?

have you ever think why people create these FUD, just before the ICO ?  

Also from what i know, patrick is a great guy in china, he wrote a lot of technical articles and translated some good technical books too. that's what i know. and i do trust him and trust his company.  he is also the CTO of BitSE, one of the best blockchain company in the world, who control 2.5% of bitcoin network and 8% of zcash network (mining). and also patrick helped to develop one of the best blockchain products, vechain. which has more than 10 big clients all over the world.

why you trust some people you never met before on the internet?

Also any investment has risk. even hold bitcoin has risk too. Do your own homework and find the good project and  become a real investor.

Right... there is undeniable evidence that Patrick Dai, one of the co-founders of this project, previously stole funds from another project. But yeah, we should totally take your anecdotal opinion of Dai over that.

Even before the history of Dai came to light, this project had some shady aspects to its fundamentals. The token distribution is ridiculous. After the ICO 49% of the coins would be controlled by the small group of people comprising the team + angel investors, in addition to all the BTC they would get from selling off the other 51%. And that 51% that is being sold to the public is being sold predominately through exchanges nobody on here had ever heard of before this project. Exchanges which very easily could also be controlled by members of the team+angel investors. On top of this, the coin is PoS but there is no mention of the PoS inflation rate in either of the whitepapers. A PoS coin with a small group in control of 49% of the supply LOL, so they would also be generating 49% of the the coins generated through PoS. Not to mention all they would have to do is somehow get their hands on another 2% of the supply (through buying into their own ICO, for example) to be able to abuse the network.

If you want to give money to a once a scamer, we are very happy

[shinratensei_]

why people can not realize this is a FUD?

because people do not want other people invest into Qtum?

if you do not want invest, just go away. i think Qtum already get enough investor in china right now.


from what i hear in Chinese community, even some big Venture Capital may invest too.

Also technically speaking, Qtum is one of the best innovations in the last 1 year in crypto world.

why you trust some anoymity people on the Internet, rather than someone go the the EDCON and made a good speech to a lot of developers?

have you ever think why people create these FUD, just before the ICO ?  

Also from what i know, patrick is a great guy in china, he wrote a lot of technical articles and translated some good technical books too. that's what i know. and i do trust him and trust his company.  he is also the CTO of BitSE, one of the best blockchain company in the world, who control 2.5% of bitcoin network and 8% of zcash network (mining). and also patrick helped to develop one of the best blockchain products, vechain. which has more than 10 big clients all over the world.

why you trust some people you never met before on the internet?

Also any investment has risk. even hold bitcoin has risk too. Do your own homework and find the good project and  become a real investor.

Right... there is undeniable evidence that Patrick Dai, one of the co-founders of this project, previously stole funds from another project. But yeah, we should totally take your anecdotal opinion of Dai over that.

Even before the history of Dai came to light, this project had some shady aspects to its fundamentals. The token distribution is ridiculous. After the ICO 49% of the coins would be controlled by the small group of people comprising the team + angel investors, in addition to all the BTC they would get from selling off the other 51%. And that 51% that is being sold to the public is being sold predominately through exchanges nobody on here had ever heard of before this project. Exchanges which very easily could also be controlled by members of the team+angel investors. On top of this, the coin is PoS but there is no mention of the PoS inflation rate in either of the whitepapers. A PoS coin with a small group in control of 49% of the supply LOL, so they would also be generating 49% of the the coins generated through PoS. Not to mention all they would have to do is somehow get their hands on another 2% of the supply (through buying into their own ICO, for example) to be able to abuse the network.

If you want to give money to a once a scamer, we are very happy

Just give advice for the fanatics to give his money to the scammer. Xunguang Dai is real. I never wanna give a cent of my money to the scammer to this day. and according to the market movement of bitcoin still on the bullish stage.

[Gleb Gamow]

The token distribution is ridiculous. After the ICO 49% of the coins would be controlled by the small group of people comprising the team + angel investors, in addition to all the BTC they would get from selling off the other 51%.

And that 51% that is being sold to the public is being sold predominately through exchanges nobody on here had ever heard of before this project. Exchanges which very easily could also be controlled by members of the team+angel investors.

On top of this, the coin is PoS but there is no mention of the PoS inflation rate in either of the whitepapers. A PoS coin with a small group in control of 49% of the supply LOL, so they would also be generating 49% of the the coins generated through PoS. Not to mention all they would have to do is somehow get their hands on another 2% of the supply (through buying into their own ICO, for example) to be able to abuse the network.

Definitely a dealbreaker. Plus the fact this Mr. Xuguang Dai has a bad history already. Investing with this knowledge is like investing in Bryce Weiner coins. 

Xuguang Dai: http://beijing2016.thegmic.com/speakers/



Patrick Dai:

His name was already made public, his name is Steven Dai from China. Hes a really good guy in my opinon.

I didnt know who Bob and Gekko were before this. I learned quick that they are just a couple of sleazy extortionists. After they were asked to leave for extorting they acted like a bunch of pussies and started making threats.

If anything this has proven to only be entertaining.

It doesnt stop me from developing either so in effect the only ones they are incriminating is themselves.

Although they do seem to like abusing fake accounts.

I don't know why Roger Ver invested in Qtum: https://news.bitcoin.com/smart-contracts-bitcoin-security-interview-qtums-patrick-dai/

[CryptoBjorn]

I was on their slack and I think they are preparing a statement.

Having lost with Bitbay this comes close.
Although the conditions of this project are not good (49% for the team) the innovation can be something good. However which such a man who scammed so many users for 200 BTC this project can't take place.

Either he is kicked out (which is odd, him being the co founder) or the project is stopped or...
The project will be harrased by a lot of unhappy investors.

[Gleb Gamow]

I was on their slack and I think they are preparing a statement.

Having lost with Bitbay this comes close.
Although the conditions of this project are not good (49% for the team) the innovation can be something good. However which such a man who scammed so many users for 200 BTC this project can't take place.

Either he is kicked out (which is odd, him being the co founder) or the project is stopped or...
The project will be harrased by a lot of unhappy investors.

Not to mention unhappy investors: https://news.bitcoin.com/smart-contracts-bitcoin-security-interview-qtums-patrick-dai/

Qtum received backing from Roger Ver, the first investor in blockchain startups. Roger is a visionary, he saw the potential of Bitcoin before almost everyone, and he bet big on it. This gives us a lot of validation for our project. We believe our contributions will benefit the blockchain community as a whole and illustrate that innovation is the key to growing.

[Ethertrader1]

why people can not realize this is a FUD?

because people do not want other people invest into Qtum?

if you do not want invest, just go away. i think Qtum already get enough investor in china right now.


from what i hear in Chinese community, even some big Venture Capital may invest too.

Also technically speaking, Qtum is one of the best innovations in the last 1 year in crypto world.

why you trust some anoymity people on the Internet, rather than someone go the the EDCON and made a good speech to a lot of developers?

have you ever think why people create these FUD, just before the ICO ?  

Also from what i know, patrick is a great guy in china, he wrote a lot of technical articles and translated some good technical books too. that's what i know. and i do trust him and trust his company.  he is also the CTO of BitSE, one of the best blockchain company in the world, who control 2.5% of bitcoin network and 8% of zcash network (mining). and also patrick helped to develop one of the best blockchain products, vechain. which has more than 10 big clients all over the world.

why you trust some people you never met before on the internet?

Also any investment has risk. even hold bitcoin has risk too. Do your own homework and find the good project and  become a real investor.

Right... there is undeniable evidence that Patrick Dai, one of the co-founders of this project, previously stole funds from another project. But yeah, we should totally take your anecdotal opinion of Dai over that.

Even before the history of Dai came to light, this project had some shady aspects to its fundamentals. The token distribution is ridiculous. After the ICO 49% of the coins would be controlled by the small group of people comprising the team + angel investors, in addition to all the BTC they would get from selling off the other 51%. And that 51% that is being sold to the public is being sold predominately through exchanges nobody on here had ever heard of before this project. Exchanges which very easily could also be controlled by members of the team+angel investors. On top of this, the coin is PoS but there is no mention of the PoS inflation rate in either of the whitepapers. A PoS coin with a small group in control of 49% of the supply LOL, so they would also be generating 49% of the the coins generated through PoS. Not to mention all they would have to do is somehow get their hands on another 2% of the supply (through buying into their own ICO, for example) to be able to abuse the network.

"Right... there is undeniable evidence that Patrick Dai, one of the co-founders of this project previously stole funds from another project."
Could you show this evidence please. So far I have seen nothing more than a FUD campaign.

[vivinamie]

scam alert
The team is made up of several of China's most famous crooks, investors suffered huge losses from previous projects

[mummybtc]

Interesting how FUDsters always wait in the wing for negative news to take a project down. I know some of these people would have called Bitcoin a scam before. Wait for Qtum team to address this issue before forming concrete opinion on this

[Ethertrader1]

Interesting how FUDsters always wait in the wing for negative news to take a project down. I know some of these people would have called Bitcoin a scam before. Wait for Qtum team to address this issue before forming concrete opinion on this

This is entertaining to see the paid trolls come out and not a single one has provided any proof. Looks like Mr. Dia was once part of BitBay but moved on. Even from the BitBay founders comments from 2 years ago it all looked good. Now why the sudden change of events?

[Gleb Gamow]

Interesting how FUDsters always wait in the wing for negative news to take a project down. I know some of these people would have called Bitcoin a scam before. Wait for Qtum team to address this issue before forming concrete opinion on this

This is entertaining to see the paid trolls come out and not a single one has provided any proof. Looks like Mr. Dia was once part of BitBay but moved on. Even from the BitBay founders comments from 2 years ago it all looked good. Now why the sudden change of events?

Yea! Patrick Dai didn't steal 200 BTC because there's no proof. Just a bunch of trustworthy Bitcoiners making bogus claims. Fake news! If real, Gavin Andresen would've said so.

Meanwhile, ethtrades' website is still down. Make that all three of their websites. Damn you, CNN!

[CyanFox]

scam alert
The team is made up of several of China's most famous crooks, investors suffered huge losses from previous projects

It is becoming a mess, qtum. If Patrick Dai won't refund scammed 200 BTC to the bitbay's dev team, and never make the promises of the other project he scammed(forgot the name). They won't get more money, angry.

[xtyling]

Where is the proof that he scammed 200 btc ? Give address and proof that he holds the address