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

[ethlover1234]

Many here claiming Qtum is overvalued. Look at my previous post for clear advantages it will have vs LTC, ETC, and even ETH (although ETH definitely has a hype advantage). If you want to make the argument that all cryptos are extremely overvalued right now, then okay, that might work out. Your argument that Qtum alone is overvalued falls flat when compared to other cryptos.

Working off of the presumption that you agree with me that Qtum has an edge over ETC and LTC to say the least, let's compare market caps of Qtum with other cryptos.

ETC: $1,655,097,996  (92,371,204 ETC circulating at $17.92)

LTC: $1,528,475,334  (51,449,957 LTC circulating at $29.71)

Qtum: $1,137,000,000 (100,000,000 Qtum TOTAL at $11.37). Keep in mind, valuation is actually higher here than it should be considering the circulating supply is low.

Gnosis/GNO (for shits and giggles because this is overvalued): $2,666,500,000 (10,000,000 GNO TOTAL at $266.65)

You could make the argument that Qtum is overvalued because all cryptos are overvalued. Relatively speaking, however, Qtum is undervalued when you truly look into what the dev team is doing. Yes, I'm aware that Testnet hasn't launched yet, which is what I would say is the reason for the lower market cap than ETC or LTC. Obviously Mainnet is months away, but what will Qtum have in September? A better product than Ethereum has put out, minus the big support (at least so far).

[bur825143]

Why is this token only on Chinese exchanges and non popular exchanges?  The price does seem oddly high.  I wonder if it's being manipulated by those who hold the majority of the tokens. 

Because there are many Chinese people involved

[addicto]

Why is this token only on Chinese exchanges and non popular exchanges?  The price does seem oddly high.  I wonder if it's being manipulated by those who hold the majority of the tokens. 

Because there are many Chinese people involved

This is project from China after launch of mainnet it will listed on other big exchanges like poloniex and bittrex. Than price will get decided at the moment there is accumulation into this coin.

[BicolIsarog]

Why is this token only on Chinese exchanges and non popular exchanges?  The price does seem oddly high.  I wonder if it's being manipulated by those who hold the majority of the tokens. 

Because there are many Chinese people involved

This is project from China after launch of mainnet it will listed on other big exchanges like poloniex and bittrex. Than price will get decided at the moment there is accumulation into this coin.

And this will be in number 3 spot in most traded coin in the market.

[Crpto4$]

Why Qtum is so Demandable and going higher though it is still a pre launch??

I wonder what will happen when it will launch!

[Gleb Gamow]

Why Qtum is so Demandable and going higher though it is still a pre launch??

I wonder what will happen when it will launch!

When was the last time that https://coinmarketcap.com/all/views/all/ included a pre-launch token on its listing?

[cychan2]

But it still relies on when the mainnet will launch. Any info for that? I wish them success but they should communicate more and get us at least a draft plan and target dates.

Hi Cychan2,

Our Main Network launches in September, this is when Qtum Tokens will be available for withdrawal from the exchanges that hosted our Crowdsale.

We will release our Test Network this month, which will allow entities wishing to provide services or build on the Qtum Blockchain the source code required to start work.

Please see our roadmap for more information:

https://i.imgur.com/ngKLju4.jpg

Awesome! Sorry I did miss out the timeline you post.

[Qtum]

Enterprisetimes.co.uk writes about Qtum's Decentralized Governance:


"The Qtum Project has announced a Decentralized Governance Protocol (DGP). Its objective is to enable rapid modification of blockchain parameters without ecosystem disruption. Qtum will debut a beta version of the DGP later June. This will include complete source code which will be made open source."



https://www.enterprisetimes.co.uk/2017/06/07/decentralised-governance-protocol-for-blockchains/

 Charles Brett  June 7, 2017  0 Comment  Bitcoin, Blockchain, Contracts, Cryptocurrency, Decentralised Governance Protocol, DGP, Ethereum, qtum
blockchain By Davidstankiewicz (Own work) [CC BY-SA 4.0 (http://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

Jordan Earls, co founder of the QTUM project (Image credit Jordan Earls, on Twitter)

Jordan Earls, co founder of the QTUM project

The Qtum Project has announced a Decentralized Governance Protocol (DGP). Its objective is to enable rapid modification of blockchain parameters without ecosystem disruption. Qtum will debut a beta version of the DGP later June. This will include complete source code which will be made open source.

“The same way blockchain technology modernized smart contract applications, we are using smart contracts to transform the way blockchain software is maintained,” Jordan Earls, co-founder of the Qtum Project, remarked. “This technology is instrumental in Qtum being the first self-aware blockchain that can quickly adapt to a rapidly changing world,” Earls continued.

“Qtum’s Decentralized Governance Protocol will significantly reduce the effort it takes to coordinate a hard fork for these basic blockchain parameters so that the community can focus on important issues,” said Patrick Dai, co-founder of the Qtum Project. “(Nevertheless) we don’t see this as being a panacea for every issue that may arise.”

Do we need a DGP?

Since the inception of cryptocurrencies, there have been problems in almost all implementations. No project is immune. For example, Bitcoin has had many soft-forks to fix various security concerns. One of the worst was a fork which disabled exploitable script opcodes in very early versions of Bitcoin. Ethereum has also had several forks to fix security issues. The most impactful were ones to fix an exploit in the DAO smart contract, and another which changed the gas price for some opcodes.

A fork should always be treated as an unconventional approach. However, due to the theoretically infinite lifespan of a cryptocurrency, Qtum argues it is extremely improbable that a problem will not arise that necessitates a fork. The Qtum Project embraces the notion that a fork, though not desirable, will be necessary at some point.

What is the Decentralised Governance Protocol for blockchains?

DGP is built using smart contract technology. It implements a decentralized and democratic governance system. This can be replaced and upgraded as needed.

The protocol allows for automated smart contracts to be a voting party. A smart contract can monitor the status of the blockchain and automatically propose and vote upon changes to fix detected problems. With this, the Qtum blockchain becomes self-regulating, self-modifying, and self-aware.

The way DGP works is relatively straightforward. First, a governing party for the DGP makes a proposal to change a parameter. Afterward, all the governing parties for the DGP vote on the proposal. If it receives enough approval votes, the parameter change proposal becomes active. The proposal data is then placed in a standardized format and a particular storage space so that the blockchain software can easily access it without needing to execute the DGP contract directly.

What is Qtum?

The Qtum Foundation has its headquarters in Singapore. It is the decision-making body that drives the Qtum Project’s development, which include the Qtum platform.

In essence, Qtum is a blockchain application platform which combines:

the advantages of bitcoin core
an Account Abstraction Layer allowing for multiple virtual machines, including the Ethereum Virtual Machine (EVM)
a Proof-of-stake Consensus protocol, aimed at tackling industry use cases and providing strong support for decentralized mobile applications.
 

What’s it mean?

For the users of Qtum, this means no new software would need downloading, and no actions need to be taken from network stakeholders and node operators when DGP network upgrades occur. Although the DGP can support many changes to the network, Qtum will limit the protocols power to the more basic blockchain parameters, such as the network’s block size limit and gas prices for operational code running on the network. The Qtum team believes this is a major step for the blockchain industry to help remove some of the ideological politics out of development, which has impeded the implementation of significant innovations.

The ‘fork problem’ is a recurrent software challenge. Cryptocurrencies and blockchains are, if anything, the nightmare occurrence, because these incorporate value. Whether the DGP will prove useful is unclear. Nevertheless, its progress will be worth active monitoring.

Decentralised Governance Protocol for blockchains was last modified: June 7th, 2017 by Charles Brett

[testerx]

Keep calling it FUD...but ask yourself why no reputable exchange outside of a few Chinese exchanges would list this coin?  How come a coin valued at $1 billion can't get a listing on Polo? Bittrex? Liqui?  Use your brain.  I dared you to buy at $15....I dare you to buy at $9...This is no ETH...and even if it was...even ETH had hiccups/growing pains.  You think a team with no track record, alpha...is going to not have a single hiccup?  Yet people keep throwing money away cuz of "China"....why does a country need its own crypto?  Aren't successful cryptos supposed to be global/borderless and most importantly TRANSPARENT?  I actually think the "it's China" argument makes this less valuable because it tells me this coin is constraining itself to a particular region- a region known for a lack of transparency.  And everything this project has done so far follows in the Chinese tradition of poor transparency.  

They literally can't list it because there's no coin yet, what part of that is hard to understand? It's a guarantee that this will be on all the major exchanges once it's in mainnet.

As for China, the reality is that most cryptos just don't appropriately market towards the Chinese market's needs and Qtum has chosen to actually work on that.  It's an underserved niche, because Chinese folks can't access the same social networks as the rest of the world, so if you're not talking to them on Wechat then you're not there.  You don't understand that because you clearly don't know anything about the Chinese market, which is precisely the problem-most newer cryptos haven't actually worked to penetrate the Chinese market, which gives a huge opportunity for Qtum to take Ethereum's place in China.  This doesn't mean that people who buy Qtum don't believe in a borderless cryptocurrency, it means that you see an opportunity for an underserved market to be better targeted by people who actually understand that market instead of people who sit on forums posting garbage.

Either way, if you don't like Qtum that's great, nobody's asking you to put money into it and it's not even in testnet yet.  It's going to make it to testnet and mainnet long before Ethereum ever did but you're here posting gibberish about how Ethereum would never have done it like this, lol.  Ethereum took forever to make it into production, so if Qtum manages to get mainnet up by September they'll have done it well under half the time.

[cychan2]

Many here claiming Qtum is overvalued. Look at my previous post for clear advantages it will have vs LTC, ETC, and even ETH (although ETH definitely has a hype advantage). If you want to make the argument that all cryptos are extremely overvalued right now, then okay, that might work out. Your argument that Qtum alone is overvalued falls flat when compared to other cryptos.

Working off of the presumption that you agree with me that Qtum has an edge over ETC and LTC to say the least, let's compare market caps of Qtum with other cryptos.

ETC: $1,655,097,996  (92,371,204 ETC circulating at $17.92)

LTC: $1,528,475,334  (51,449,957 LTC circulating at $29.71)

Qtum: $1,137,000,000 (100,000,000 Qtum TOTAL at $11.37). Keep in mind, valuation is actually higher here than it should be considering the circulating supply is low.

Gnosis/GNO (for shits and giggles because this is overvalued): $2,666,500,000 (10,000,000 GNO TOTAL at $266.65)

You could make the argument that Qtum is overvalued because all cryptos are overvalued. Relatively speaking, however, Qtum is undervalued when you truly look into what the dev team is doing. Yes, I'm aware that Testnet hasn't launched yet, which is what I would say is the reason for the lower market cap than ETC or LTC. Obviously Mainnet is months away, but what will Qtum have in September? A better product than Ethereum has put out, minus the big support (at least so far).

I believe they can eventually pull-off but i think it is not right to compare a pre-release product to a much more established, released tokens.

[mobcoin]

Hey. I bought qtum at yunbi.com
Now I sold them but I can not get my bitcoins out with yunbi.kom
I created the warrant a few days ago, but they do not send and do not respond to my tickets.
Who faced the similar?

[dolph]

Many here claiming Qtum is overvalued. Look at my previous post for clear advantages it will have vs LTC, ETC, and even ETH (although ETH definitely has a hype advantage). If you want to make the argument that all cryptos are extremely overvalued right now, then okay, that might work out. Your argument that Qtum alone is overvalued falls flat when compared to other cryptos.

Working off of the presumption that you agree with me that Qtum has an edge over ETC and LTC to say the least, let's compare market caps of Qtum with other cryptos.

ETC: $1,655,097,996  (92,371,204 ETC circulating at $17.92)

LTC: $1,528,475,334  (51,449,957 LTC circulating at $29.71)

Qtum: $1,137,000,000 (100,000,000 Qtum TOTAL at $11.37). Keep in mind, valuation is actually higher here than it should be considering the circulating supply is low.

Gnosis/GNO (for shits and giggles because this is overvalued): $2,666,500,000 (10,000,000 GNO TOTAL at $266.65)

You could make the argument that Qtum is overvalued because all cryptos are overvalued. Relatively speaking, however, Qtum is undervalued when you truly look into what the dev team is doing. Yes, I'm aware that Testnet hasn't launched yet, which is what I would say is the reason for the lower market cap than ETC or LTC. Obviously Mainnet is months away, but what will Qtum have in September? A better product than Ethereum has put out, minus the big support (at least so far).

I believe they can eventually pull-off but i think it is not right to compare a pre-release product to a much more established, released tokens.

Exactly, might get there in a few years but to think it deserves it now due to IOU price is absurd. There is barely even a community.

[scambust]

Hey. I bought qtum at yunbi.com
Now I sold them but I can not get my bitcoins out with yunbi.kom
I created the warrant a few days ago, but they do not send and do not respond to my tickets.
Who faced the similar?

You can't withdraw bitcoin, only the other coins like ETH, BTS,  ETC, etc etc.

[Gleb Gamow]

Why Qtum is so Demandable and going higher though it is still a pre launch??

I wonder what will happen when it will launch!

When was the last time that https://coinmarketcap.com/all/views/all/ included a pre-launch token on its listing?

Bump! Waiting for an answer.

[Gss2k2]

Many here claiming Qtum is overvalued. Look at my previous post for clear advantages it will have vs LTC, ETC, and even ETH (although ETH definitely has a hype advantage). If you want to make the argument that all cryptos are extremely overvalued right now, then okay, that might work out. Your argument that Qtum alone is overvalued falls flat when compared to other cryptos.

Working off of the presumption that you agree with me that Qtum has an edge over ETC and LTC to say the least, let's compare market caps of Qtum with other cryptos.

ETC: $1,655,097,996  (92,371,204 ETC circulating at $17.92)

LTC: $1,528,475,334  (51,449,957 LTC circulating at $29.71)

Qtum: $1,137,000,000 (100,000,000 Qtum TOTAL at $11.37). Keep in mind, valuation is actually higher here than it should be considering the circulating supply is low.

Gnosis/GNO (for shits and giggles because this is overvalued): $2,666,500,000 (10,000,000 GNO TOTAL at $266.65)

You could make the argument that Qtum is overvalued because all cryptos are overvalued. Relatively speaking, however, Qtum is undervalued when you truly look into what the dev team is doing. Yes, I'm aware that Testnet hasn't launched yet, which is what I would say is the reason for the lower market cap than ETC or LTC. Obviously Mainnet is months away, but what will Qtum have in September? A better product than Ethereum has put out, minus the big support (at least so far).

I believe they can eventually pull-off but i think it is not right to compare a pre-release product to a much more established, released tokens.

Exactly, might get there in a few years but to think it deserves it now due to IOU price is absurd. There is barely even a community.

A bet on qtum is a bet on China.

China is going to regulate ico and make it legal.
http://news.8btc.com/pboc-might-implement-regulatory-sandbox-for-ico

Also, this is the best ico of the year. Did anything else even come close in the same time frame?

[testerx]

Some bad news came out, Agrello just switched to Ethereum instead of using Qtum like they had previously planned because they wanted to use a better tested platform.

I hope this doesn't mean that the Qtum testnet is behind schedule, but it's possible that Agrello just wants to be able to do an ICO while ICOs are hot lol. 

[BTCspace]

testnet will be released this month.

personally i think Qtum price is too high..

but i always think bitcoin price is too high when bitcoin is 100$ in 2013...

also since Qtum have not been released yet, that's the reason why other exchange can not list Qtum.

if you think yunbi is a scam, just remember yunbi is the first exchange list Ethereum.

also just remember Qtum is more popular than Ethereum in China.

do not post garbage in this thread.

if you do want post something, please post with some proof.

right now, i am holding Byteball Qtum XEL.

so do not believe what i post on Qtum or byteball or XEL , make your own decision.

[BTCspace]

Some bad news came out, Agrello just switched to Ethereum instead of using Qtum like they had previously planned because they wanted to use a better tested platform.
I wonder if this means the Qtum testnet is behind schedule?

i think some project just want some quick money...

also how many project you think china have?

that's Qtum's main target..

[BTCspace]

Why Qtum is so Demandable and going higher though it is still a pre launch??

I wonder what will happen when it will launch!

When was the last time that https://coinmarketcap.com/all/views/all/ included a pre-launch token on its listing?

find yourself a job man, or buy some ico man, do not waste your time here man.

you deserve a better life..

[BTCspace]

Hey. I bought qtum at yunbi.com
Now I sold them but I can not get my bitcoins out with yunbi.kom
I created the warrant a few days ago, but they do not send and do not respond to my tickets.
Who faced the similar?

You can't withdraw bitcoin, only the other coins like ETH, BTS,  ETC, etc etc.

i remember you said Qtum is scam ? 

maybe i am wrong.