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Author Topic: [ANN] (QTUM) - A Scalable Smart Contract Platform w/ Proof of Stake  (Read 525231 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. (36 posts by 25+ users deleted.)
Gleb Gamow
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February 25, 2017, 04:02:57 AM
 #1661

this is just fudder attack or scam detected?

To be fair, folks are just getting at the truth. Personally, I'm being kind, else Full Gleb would be in play. Can't speak for others posting about Mr. Dai et al. I didn't like posting about RV's involvement, even requested some other via PM to post, but during the interim the time came for me to act.

Hope that helps in your assessment, bud.

Oh, and Team Qtum has been cool about not deleting posts in this self-moderated thread (as far as I know).
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February 25, 2017, 04:18:44 AM
 #1662

Ico specific time out?
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February 25, 2017, 06:19:20 AM
 #1663

Personal statement from Patrick Dai:





"Dear Qtum community,

Lately some concerns have been raised regarding my past involvement with the BitBay project.

Firstly, I’d like to confirm that I was indeed involved in the project, going under the name of Steven Dai. I, Xuguang Dai by birth, have been using the western nicknames Patrick and Steven interchangingly in order to engage smoothly with western partners. This is a commonplace practice in Asia, and in fact, I still use Steven from time to time.

As it is clear by now, the BitBay project was indeed highly problematic, with many goodwilling investors and entrepreneurs, including myself, losing some money and time invested in the project due to malevolent activity of some individuals.

My involvement in the project began in 2014, with the intent to support the development of decentralized commerce and the blockchain space in general. However, I soon found out the hard way that not all involved in BitBay’s operations shared these goals.

With questionable ends and actions surfacing, I decided to leave the project in 2015, after doing my best to support the remaining developers and handing them all BitBay related holdings under my control. These assets included about 70 BTC, which were transferred to BitBay’s developers before my departure from the project.

I want to assure you that I regard integrity and rightful conduct as my main priorities in all my business activities, past, present and future. I am confident that my performance in cooperation with the rest of the Qtum team will assert itself very soon.

Sincerely,

Patrick Dai"






Thank you for your patience.


▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ Qtum █▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
●▬●▬●▬● First UTXO Based PoS Smart Contract and DAPP Platform ●▬●▬●▬●
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February 25, 2017, 06:24:33 AM
 #1664

Personal statement from Patrick Dai:





"Dear Qtum community,

Lately some concerns have been raised regarding my past involvement with the BitBay project.

Firstly, I’d like to confirm that I was indeed involved in the project, going under the name of Steven Dai. I, Xuguang Dai by birth, have been using the western nicknames Patrick and Steven interchangingly in order to engage smoothly with western partners. This is a commonplace practice in Asia, and in fact, I still use Steven from time to time.

As it is clear by now, the BitBay project was indeed highly problematic, with many goodwilling investors and entrepreneurs, including myself, losing some money and time invested in the project due to malevolent activity of some individuals.

My involvement in the project began in 2014, with the intent to support the development of decentralized commerce and the blockchain space in general. However, I soon found out the hard way that not all involved in BitBay’s operations shared these goals.

With questionable ends and actions surfacing, I decided to leave the project in 2015, after doing my best to support the remaining developers and handing them all BitBay related holdings under my control. These assets included about 70 BTC, which were transferred to BitBay’s developers before my departure from the project.

I want to assure you that I regard integrity and rightful conduct as my main priorities in all my business activities, past, present and future. I am confident that my performance in cooperation with the rest of the Qtum team will assert itself very soon.

Sincerely,

Patrick Dai"






Thank you for your patience.



Thank you Patrick for the response Mr. Dia. Qtum still looks like the top project of 2017 to me. I expect every potential major project to have a team with past involvement in the industry. Most projects have not turned out the way we would have hoped.
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February 25, 2017, 06:26:56 AM
 #1665

Personal statement from Patrick Dai:





"Dear Qtum community,

Lately some concerns have been raised regarding my past involvement with the BitBay project.

Firstly, I’d like to confirm that I was indeed involved in the project, going under the name of Steven Dai. I, Xuguang Dai by birth, have been using the western nicknames Patrick and Steven interchangingly in order to engage smoothly with western partners. This is a commonplace practice in Asia, and in fact, I still use Steven from time to time.

As it is clear by now, the BitBay project was indeed highly problematic, with many goodwilling investors and entrepreneurs, including myself, losing some money and time invested in the project due to malevolent activity of some individuals.

My involvement in the project began in 2014, with the intent to support the development of decentralized commerce and the blockchain space in general. However, I soon found out the hard way that not all involved in BitBay’s operations shared these goals.

With questionable ends and actions surfacing, I decided to leave the project in 2015, after doing my best to support the remaining developers and handing them all BitBay related holdings under my control. These assets included about 70 BTC, which were transferred to BitBay’s developers before my departure from the project.

I want to assure you that I regard integrity and rightful conduct as my main priorities in all my business activities, past, present and future. I am confident that my performance in cooperation with the rest of the Qtum team will assert itself very soon.

Sincerely,

Patrick Dai"






Thank you for your patience.



Did you forget to mention the names Shu Qiu and Shuai Shu (Shuai early)?

Patrick's on Slack right now

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ Qtum █▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
●▬●▬●▬● First UTXO Based PoS Smart Contract and DAPP Platform ●▬●▬●▬●
▃▃▃▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▃▃▃
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February 25, 2017, 06:37:11 AM
 #1666

Personal statement from Patrick Dai:





"Dear Qtum community,

Lately some concerns have been raised regarding my past involvement with the BitBay project.

Firstly, I’d like to confirm that I was indeed involved in the project, going under the name of Steven Dai. I, Xuguang Dai by birth, have been using the western nicknames Patrick and Steven interchangingly in order to engage smoothly with western partners. This is a commonplace practice in Asia, and in fact, I still use Steven from time to time.

As it is clear by now, the BitBay project was indeed highly problematic, with many goodwilling investors and entrepreneurs, including myself, losing some money and time invested in the project due to malevolent activity of some individuals.

My involvement in the project began in 2014, with the intent to support the development of decentralized commerce and the blockchain space in general. However, I soon found out the hard way that not all involved in BitBay’s operations shared these goals.

With questionable ends and actions surfacing, I decided to leave the project in 2015, after doing my best to support the remaining developers and handing them all BitBay related holdings under my control. These assets included about 70 BTC, which were transferred to BitBay’s developers before my departure from the project.

I want to assure you that I regard integrity and rightful conduct as my main priorities in all my business activities, past, present and future. I am confident that my performance in cooperation with the rest of the Qtum team will assert itself very soon.

Sincerely,

Patrick Dai"






Thank you for your patience.



Did you forget to mention the names Shu Qiu and Shuai Shu (Shuai early)?

Patrick's on Slack right now

Excellent! https://qtumslack.herokuapp.com/



Would two tins cans attach to a string suffice?
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February 25, 2017, 06:43:57 AM
 #1667

Personal statement from Patrick Dai:





"Dear Qtum community,

Lately some concerns have been raised regarding my past involvement with the BitBay project.

Firstly, I’d like to confirm that I was indeed involved in the project, going under the name of Steven Dai. I, Xuguang Dai by birth, have been using the western nicknames Patrick and Steven interchangingly in order to engage smoothly with western partners. This is a commonplace practice in Asia, and in fact, I still use Steven from time to time.

As it is clear by now, the BitBay project was indeed highly problematic, with many goodwilling investors and entrepreneurs, including myself, losing some money and time invested in the project due to malevolent activity of some individuals.

My involvement in the project began in 2014, with the intent to support the development of decentralized commerce and the blockchain space in general. However, I soon found out the hard way that not all involved in BitBay’s operations shared these goals.

With questionable ends and actions surfacing, I decided to leave the project in 2015, after doing my best to support the remaining developers and handing them all BitBay related holdings under my control. These assets included about 70 BTC, which were transferred to BitBay’s developers before my departure from the project.

I want to assure you that I regard integrity and rightful conduct as my main priorities in all my business activities, past, present and future. I am confident that my performance in cooperation with the rest of the Qtum team will assert itself very soon.

Sincerely,

Patrick Dai"






Thank you for your patience.



Did you forget to mention the names Shu Qiu and Shuai Shu (Shuai early)?

Patrick's on Slack right now

Excellent! https://qtumslack.herokuapp.com/



Would two tins cans attach to a string suffice?

Yes, I see this.  Let us look into this.

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ Qtum █▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
●▬●▬●▬● First UTXO Based PoS Smart Contract and DAPP Platform ●▬●▬●▬●
▃▃▃▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▃▃▃
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February 25, 2017, 07:52:35 AM
 #1668

Excellent! https://qtumslack.herokuapp.com/



Please say that I'm not the only idiot pressing F5 like a retarded monkey waiting for Qtum's Slack to start working! How retarded, you ask? I gave up my 11pm MFC session where a new girl was going to perform so that I can talk to Patrick-cum-Steve-cum-whatever (cums not intended).
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February 25, 2017, 08:58:57 AM
 #1669

http://web.archive.org/web/20110202023938/http://vechain.com/



http://eng.machine365.com/supplier/free/yungao6656/contact.html



torunzone.com is offline, but here's one archive (wanna guess what it does prior to clicking?; no, it's not porn, but you're close - go ahead and click it! I'll wait; try not to piss your pants):

http://web.archive.org/web/20140209013221/http://www.torunzone.com/

The following is humor relief at Roger Ver's expense:

Quote
I'm Roger Ver, long time Bitcoin advocate and investor.
Today I'm at the Qtum world headquarters somewhere in China.
I had a nice chat with Patrick Dai, or whatever his name is, about their current situation.
He showed me multiple stuff.
I'm sure that the current situation at Qtum is being caused by something.
The people at Qtum are hard at work establishing themselves.
For now,  I hope that everyone will continue working on Bitcoin projects that will help make the world a better place.

WOW, another name: Johnson Dai? ROFLMAO, so we can dig more about this Johnson Dai's dirty history now? Ironically, Roger Ver seems nothing loss because he owns more than 100k btc.
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February 25, 2017, 11:14:44 AM
 #1670

On behalf of the Qtum Foundation:










▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ Qtum █▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
●▬●▬●▬● First UTXO Based PoS Smart Contract and DAPP Platform ●▬●▬●▬●
▃▃▃▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▃▃▃
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February 25, 2017, 11:31:45 AM
 #1671

On behalf of the Qtum Foundation:











Thanks Qtum Foundation. I still believe this should be the top project of 2017. Glad to see there is a good governance plan in place. I wish other projects would adopt a similar governance model.
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February 25, 2017, 11:34:40 AM
 #1672

Please see our Economy Whitepaper here:

https://qtum.org/wp-content/uploads/2017/02/Qtum_blockchain_economy_whitepaper_20170217_EN.pdf

This covers the governance model of the Qtum Foundation

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●▬●▬●▬● First UTXO Based PoS Smart Contract and DAPP Platform ●▬●▬●▬●
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February 25, 2017, 12:01:08 PM
Last edit: February 25, 2017, 12:21:32 PM by dzimbeck
 #1673

Let me be very specific here. And you investors make up your mind from there. This will elaborate on my somewhat emotional conversation on Slack. My hands were literally shaking from emotion as it brings back very painful memories. I'm not afraid to confront it again though.

The point being he got 10% of BitBay for free that was sold on us. He got 191 BTC minus the 20 he put in the dev fund.

The dev fund was 100 btc. There was 5 members so you divide that by 5. Thats 20 each.

This deducts it to 171.

Steven did release the 2nd key to that multisig. It was a dev fund it wasn't Stevens money other than 20 btc.
https://blockchain.info/tx/7b1c9d0e062bdb61dd0565a98a1136c028c2b5bc05a0fa859aac2dde3d22d6ce?show_adv=false

Bob and Gekko stole some of it so that lowered it down from 100 to roughly 50-60. I would have to check year old Skype logs to know exactly what Steven said they took.

Steven told me via Skype that him and Lin from BTER would raise it to over 100 but they never did. Instead he just gives me the 2nd key
to the multisig (you know its multisig BitHalo because it starts with a "3").

So if Steven/Lin added anything to that it was less than 16 btc. Since Bob and Gekko got 1/2 of the dev fund.

So that means Steven got 155-171 BTC and 10% of BitBay which he got for free. Steven Dai will not be wise to deny those numbers.
Then he admits much later that him and Lin bought some at the bottom so potentially Steven had 20%.

Dai will not deny this as he knows we can produce more chat logs and he himself can probably give you txids of his wallets. Ask him yourself.

He then proceeded to sell all of that on BitBays head while I stayed and built this project. He got free coins and didn't stay to help build this. Him leaving in 2015 is immediate. He started BitBay in November 11th 2014 so thats only a couple months. Our statement stands. By his own admission, he did in fact abandon this project with investors money and did no work in return for it.

If anyone thinks that is okay then that is very sad indeed.

If Dai wants to say he and Lin did not sell all their BitBay all he has to do is send .001 BitBay from each account he holds to prove how much he has left. Of course that will never happen. He rambled on slack about "Giving it to BTER" whatever that means. It went to the inky void I guess.

Why did I say "Steven is a nice guy" after the ICO went south? I was not happy with him at all. Lets make this clear. But I do try to be professional. Because everyone in BitBay was told by Steven himself he would not leave the project which turned out to be a lie. I have skype logs of me trying to contact him for years. Google voice logs of me trying to call him to no avail. After repeatedly pestering him he gave 500 dollars. He said he would do so every month. That also turned out to be a lie. I sent him messages monthly and private emails and phone calls which all got ignored after that. Dai may also claim he paid for a website and this is true as well. Our team did try to get him to participate it was extremely hard and was more work than its worth.

Dai raised the point that Elmer asked for a settlement. That is Elmers business, not ours. He got seriously effected since he flew to China and met Gekko and Dai and Lin in person and lost over 100 bitcoins. I personally have no interest in Dai's money. All I wanted was his time and energy to honor his word to investors.

Most importantly, this is the skype log where Dai pumps the coin with his own money
https://pbs.twimg.com/media/C5PCSNkWcAIrAay.jpg:large

Then he gets it all back with a refund from Lin(BTER). Lins exchange later gets "hacked" for millions of dollars in their cold wallet. They gave Bobsurplus 500 BTC before the project even finished funding which is extremely crazy. There is a txid for that. Bob claims he "did marketing" for that. Instead he FUDs his own project from Bays launch since it was a character assassination. The project was set up to crush me, it was a hit job. They chose the "Baywest" toilet paper logo for the BitBay logo. Something Gekko and Bob were proud of. None of their financials were made aware to me until I saw the ICO funding. I was the one to blow the lid open on it. Bob/Robert Duskes/International Rob was counting on that, used fake profiles to shill me the second the ICO started, Barabbas is Iconicexpert and Bobs shill profile(tons of evidence they use this to shill on the internet on reddit and other forums this was already exposed), and you can get clear evidence of shilling by looking up "Diabolic" for example on bitcointalk which Gekko/Ryan Wright created for the sole purpose of attacking me.

Bob starts a "Zimbeck is a scammer" thread to divert attention. No actual accusation was made by the way, its just a dump of chat logs proving i knew him. Guilty by association. And to be honest gets me upset that Bitcointalk mods did nothing about it. Mprep seemed to be partial to Bob in private convos which makes me lose a lot of respect for this forum. Theymos never even responded to a single message despite me trying at his emails, reddit and BCT. Because of the chat log spam it ranked high on Google. Bitcointalk lets anyone post an accusation and these propagandists counted on it.

To make matters worse they had been using me as a fall guy from the day the ICO ended and you can see evidence of this. Kronengburg broke under pressure and admitted to being paid to harm my rep. You can look at his comment history if you like.
https://bitcointalk.org/index.php?action=profile;u=377396;sa=showPosts

Steven was just a liaison for Bobsurplus and Gekko. I didn't know who Bob was until a few days before ICO. They needed my name for the destruction of my reputation and profit off the years of hard work I put into Halo.

They all worked together on BitSwift as Paul from BitSwift will confirm. Its really old news. I made the mistake of claiming Steven was involved in Ghostcoin and that was a rumor I had heard a long time ago which i realize can't be backed up. However I do think Steven will even admit himself working on BitSwift and Paul can back up my claims and I doubt Steve will deny this. BitSwift was a Bobsurplus thing and that is not good news. Paul tried to warn me after ICO but by that time it was too late.

A bit of info on bobsurplus and what he did to BitBay:
https://bitcointalk.org/index.php?topic=891356.0

We don't want to relive the past. Just be aware this is the guy running Qtum. It saddens us that Qtum is going forward with an ICO despite all this. We won't "fud" Qtum. We simply tried to prevent further damage Dai might cause by enriching himself with investors funds as he did with us. Anything beyond this you should direct your questions to Patrick Dai.

We will issue our condolences to the Qtum team as well and any conflict of interest developers may face working for him. Just take a very long pause to think about what is being said here and decide if you are okay with taking investors money and letting Dai manage it knowing what you know now. We personally think ICO is a bad idea. If Dai already got a million, why not prove his concept first and not even hold an ICO? If he releases a working project then move forward. Just run it on testnet until its done? But thats probably wishful thinking... there is no justice in crypto it seems. Can you prove he will not get free coins in Qtum? Can you prove he doesn't have a deal with private investors for them to get free stake or refunds from the ICO funding? The same modus operandi was used on us in BitBay and that you can prove beyond the shadow of any doubt.

BitBay has moved beyond what they have done, through all the adversity. I'm going to finish this project even if it kills me. Even if i don't make a dime off it. I've worked 2 years since ICO and will work 10 more for free if I have to. We don't want your money, angel investment, nothing. We are not interested in riding your marketing. This will be my last comment on the subject. My full time job is coding, not social media management.

Do as you wish with what you know now.
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February 25, 2017, 12:20:33 PM
 #1674

I think Qtum must ask some third party to investigate in Dai's matter instead of themselves conducting investigation and giving him clean chit.
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February 25, 2017, 12:24:26 PM
 #1675

It's ok, guys. Past is past. Past behavior does not guarantee future behavior. Besides, (Insert Name) Dai is just a co-founder. He's not "the founder". I'm sure the whole team will monitor his actions and it seems they are in control.

They need your money to build "the coin of the future." Please donate all you can to realize this utopian dream.  Grin


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February 25, 2017, 01:11:51 PM
 #1676

There has been a lot of drama lately here. I just read a long accusation but didn't seem to amount to anything but noise. Crypto keeps things interesting thats for sure.
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February 25, 2017, 01:18:35 PM
 #1677

It's ok, guys. Past is past. Past behavior does not guarantee future behavior. Besides, (Insert Name) Dai is just a co-founder. He's not "the founder". I'm sure the whole team will monitor his actions and it seems they are in control.

They need your money to build "the coin of the future." Please donate all you can to realize this utopian dream.  Grin



I will not invest a penny in this project, because I am afraid the dishonest Patrick Dai will dump Qtum to investors, and run away with ICO fund, it is dangerous and red alert now, if some naive investors still invest it, losing money is your fault.
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February 25, 2017, 02:03:23 PM
 #1678

This project is shady as hell! The only people who are defending it are so involved they can't get out of it! Invest in the ICO & watch your founders dump their free QTUM on you.

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February 25, 2017, 02:49:10 PM
 #1679

...

Thanks for sharing that David and sorry you had to go through that. I definitely will not be investing in Qtum anymore.

Also, it's weird enough that people from Asia think that Western names are easier for people to communicate with, it's about as disingenuous as you can get, but next to that, why would you have a reason to use multiple different Western names? That makes it even more fishy imo.

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cerejobastos
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February 25, 2017, 02:58:32 PM
 #1680

I believe qtum team should clarify this situation before anything. Also the fact that all this drama has shown up in such a critical moment is very relevant and will make lots of investors to abandon their idea of investing in the project.
Taking together the facts that Dai is being accused of various past scams and that the only 51% of coins are being sold in the ICO, the team should either remove him from the equation or lower founders coin% by not giving any to Dai.
And those who support this project as it is right now, despite being an innovative one, are either lunatic or know more than the average investor.
Not to mention that I read most of slacks chat today and Pateick was just really really bad at argumenting and defending himself. David Zimbeck was also not very clear and his speech was confusing me. Nevertheless Dai does not seem free of guilt at all.
Just my opinion.

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