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

[BTCspace]

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.

https://www.coingecko.com/buzz/qtum-aims-to-revamp-smart-contracts

"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!

[dzimbeck]

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

[JeffBrad12]

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

Looks like you're paranoid now  

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.

[sxafir]

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

[jacaf01]

My doubt about this project just keeps getting darker, Qtum have no western exchange listed among the exchanges for their ICO, I could remember what happened during the firstblood ICO when exchanges bought the tokens and started selling them at 2x the second day

[BTCspace]

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

please do not invest.

this project has a high risk.

better buy some bitbay man.

[cybterpunk]

after invest， when can i trade and when can i get the Qtum token?

thank you very much.

no one answer this question?

what's going on

do you still want my money?

[onetwo12]

i do not like Chinese exchange platforms....

can i buy somewhere else?

 

[bitcoinnee]

Be alert !!!!!!!
This Chinese scam dev may be arrested by China's goverment on any day!!!!!!!

[nelson4lov]

I still wonder why Qtum is going ahead with their ICO despite the Scandal involving their Co-founder, Mr dai. If investors were willing to invest then, I'm not sure they'll still go ahead to invest Knowing what they already know now. It's like knowing about a pit & still moving on to fall into it.


Kinda absurd if you ask me

[scambust]

And another new issue... Apparently Chinese exchanges can't let you withdraw your bitcoins. Such a big risk when one day, you'll be denied access to your coins in an exchange.

[thepo1m]

And another new issue... Apparently Chinese exchanges can't let you withdraw your bitcoins. Such a big risk when one day, you'll be denied access to your coins in an exchange.

That is the dillema here, it is possible investors won't be able to withdraw their tokens. I was surprice not to see any western exchanges on the list, I think something is wrong undergreound here, maybe the team want to buy into their own ICO to create attention and lure investors

[scambust]

And another new issue... Apparently Chinese exchanges can't let you withdraw your bitcoins. Such a big risk when one day, you'll be denied access to your coins in an exchange.

That is the dillema here, it is possible investors won't be able to withdraw their tokens. I was surprice not to see any western exchanges on the list, I think something is wrong undergreound here, maybe the team want to buy into their own ICO to create attention and lure investors

I think you still can with Yunbi but definitely not bitcoin. However, you're courting disaster when one day PBoC says to stop all crypto withdrawals. 

[favdesu]

And another new issue... Apparently Chinese exchanges can't let you withdraw your bitcoins. Such a big risk when one day, you'll be denied access to your coins in an exchange.

That is the dillema here, it is possible investors won't be able to withdraw their tokens. I was surprice not to see any western exchanges on the list, I think something is wrong undergreound here, maybe the team want to buy into their own ICO to create attention and lure investors

just think about all the "big" names who lent their name and blew money in this one... schadenfreude 

[Raz AND Otis]

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.

Is James Feng of AllCoin related to Kevin Feng?

Why Kevin change email address name?

http://www.prnewswire.com/news-releases/the-qtum-blockchain-project-announces-support-from-pwc-300418319.html

MEDIA CONTACT:

John Scianna
PR Manager
john@qtum.org

Kevin Feng
Senior Manager, Cybersecurity & Fintech at PwC
kevin.y.feng@cn.pwc.com

http://read.pwc.com/i/394321-cyber-brochure-cn/13

https://i.imgur.com/Z0HO7yV.png

https://www.linkedin.com/in/yikai-kevin-feng-cissp-ccsp-ba932b30/

https://i.imgur.com/qOpzGw7.png

Why my images no work?

[CjMapope]

And another new issue... Apparently Chinese exchanges can't let you withdraw your bitcoins. Such a big risk when one day, you'll be denied access to your coins in an exchange.

That is the dillema here, it is possible investors won't be able to withdraw their tokens. I was surprice not to see any western exchanges on the list, I think something is wrong undergreound here, maybe the team want to buy into their own ICO to create attention and lure investors

just think about all the "big" names who lent their name and blew money in this one... schadenfreude  

shit ya eh? :/

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.

Is James Feng of AllCoin related to Kevin Feng?

Why Kevin change email address name?

http://www.prnewswire.com/news-releases/the-qtum-blockchain-project-announces-support-from-pwc-300418319.html

MEDIA CONTACT:

John Scianna
PR Manager
john@qtum.org

Kevin Feng
Senior Manager, Cybersecurity & Fintech at PwC
kevin.y.feng@cn.pwc.com

http://read.pwc.com/i/394321-cyber-brochure-cn/13



https://www.linkedin.com/in/yikai-kevin-feng-cissp-ccsp-ba932b30/



Why my images no work?

your images dont work due to your forum status as "newbie" (it worked for me notice)
it works like this:
Newbie: No styling (including links) allowed. Max 50 characters.

[Mr.Pro]

And another new issue... Apparently Chinese exchanges can't let you withdraw your bitcoins. Such a big risk when one day, you'll be denied access to your coins in an exchange.

That is the dillema here, it is possible investors won't be able to withdraw their tokens. I was surprice not to see any western exchanges on the list, I think something is wrong undergreound here, maybe the team want to buy into their own ICO to create attention and lure investors

Western exchanges would get sued if they are involve in something that would likely get manipulated which i can pretty much see in here. Qtum would get 49% tokens hahahaha

[cybterpunk]

I still wonder why Qtum is going ahead with their ICO despite the Scandal involving their Co-founder, Mr dai. If investors were willing to invest then, I'm not sure they'll still go ahead to invest Knowing what they already know now. It's like knowing about a pit & still moving on to fall into it.


Kinda absurd if you ask me

no one force you to invest anything into this project.

[Mr.Charlie]

And another new issue... Apparently Chinese exchanges can't let you withdraw your bitcoins. Such a big risk when one day, you'll be denied access to your coins in an exchange.

That is the dillema here, it is possible investors won't be able to withdraw their tokens. I was surprice not to see any western exchanges on the list, I think something is wrong undergreound here, maybe the team want to buy into their own ICO to create attention and lure investors

just think about all the "big" names who lent their name and blew money in this one... schadenfreude  

shit ya eh? :/

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.

Is James Feng of AllCoin related to Kevin Feng?

Why Kevin change email address name?

http://www.prnewswire.com/news-releases/the-qtum-blockchain-project-announces-support-from-pwc-300418319.html

MEDIA CONTACT:

John Scianna
PR Manager
john@qtum.org

Kevin Feng
Senior Manager, Cybersecurity & Fintech at PwC
kevin.y.feng@cn.pwc.com

http://read.pwc.com/i/394321-cyber-brochure-cn/13



https://www.linkedin.com/in/yikai-kevin-feng-cissp-ccsp-ba932b30/



Why my images no work?

your images dont work due to your forum status as "newbie" (it worked for me notice)
it works like this:
Newbie: No styling (including links) allowed. Max 50 characters.

eye chink eye no u. eye eweckted u

[Qtum]

Press Update:


BTCmanager.com discusses the March 16th Crowdsale, the Qtum whitepaper, and other aspects of the project:



https://btcmanager.com/qtum-a-hybrid-of-bitcoin-and-ethereum-set-to-launch-crowdsale/