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

[Gleb Gamow]

Now this thread is trolls free that is great achievement and this project is moving towards a brighter future. This is my best investment ever I believe soon it will get more attention from big investors because it will bring revolutionary change. Good to read the latest update from dev.

Rumor has it that them trolls are still watching this thread. 

[1715452592]

1715452592

[JUSTDLISK]

what are the staking rewards like with Qtum?

[Qtum]

Now this thread is trolls free that is great achievement and this project is moving towards a brighter future. This is my best investment ever I believe soon it will get more attention from big investors because it will bring revolutionary change. Good to read the latest update from dev.

Rumor has it that them trolls are still watching this thread.  

Gleb, you are our favorite troll, stay classy, and never change please. Unless it's one of the four flat tires that needs changing.

what are the staking rewards like with Qtum?

The staking rewards will be 4 Qtum Tokens, with a block target of 2 minutes. the rewards will reduce every year, until they are 1 Qtum per block. We haven't decided yet whether we will go lower than 1 token per block, but it will take years before that comes into effect.

Inflation should effectively hover around 1% for the first year, and decrease as time goes on.

[Qtum]

Update: CHBTC to list Qtum



https://www.chbtc.com/i/blog?item=1712

(google translated text)



CHBTC Announcement On QTUM Quantum Chain Trading On Line

Published: 2017-08-07 19:00      Keywords: QTUM, Quantum Chain

Dear CHBTC customers:

CHBTC will be open QTUM quantum chain recharge business, 8 Yue 8 Ri 14:30 officially open QTUM web client transaction, APP end and then on the line.

The QTUM Quantum Chain is the first POS smart contract platform based on the UTXO model and is dedicated to the development of a third block chain ecosystem outside of the Bitcoin and the Ether Square, which is an open source block chain technology protocol designed to Internet-based value transfer protocol and future distributed application platform can be used free of charge by consumers and developers and companies around the world. Based on QTUM quantum chain intelligent contract can be seamlessly connected real life and block chain world, and can be widely used in finance, games, cloud services and other industries. Has now become China's largest and most valued block chain open source project (valuation of nearly 1 billion dollars), also attracted more than 20 countries around the world 's attention.

QTUM owns a very experienced international team, team members have many years of experience in the industry chain block, cryptography and virtual currency communities. We with the letter QTUM team will QTUM quantum chain to a new height. CHBTC is looking forward to working with the QTUM community to jointly promote the chain of open source project innovation and business floor.

[left-ca]

This was addressed in February. Some people (primarily accounts created or which have suddenly become active in the past month or two here and on reddit) continue to bring this issue up. Read the Smith and Crown article if you want a fairly unbiased account of where it stands. Nothing has changed because it's he-said vs he-said. There is no consensus to come to regarding a "solution", or anything to "clear up". We've made our statement and he disagrees with it; there's nothing else to be done. Furthermore, all of the things that Smith and Crown have said would rectify this concern in their eyes have already been accomplished, such as financial transparency and our code being released with all of the things implemented we said we would. Additionally, Qtum has 3 co-founders, it's not just one person running the entire project. We manage ourselves in a way that it's impossible, even if 1 of us became corrupt, to just up and run away with the crowdfunded money. This is common sense in any blockchain project like this. It's not 2014 anymore, where everyone naively shares a single-sig wallet. And finally, that article that "hangs over our head" is alone.. Well, I guess there's also that funny guy on youtube that said all the code me and my team had worked on (and that ~8 teams built hackathon projects on in the past 24 hours) actually doesn't exist. I literally LOL'd when I watched that just at the pure irony and timing of it.

Earlz it's not "he said she said"... Steven faked volume, bought 1/2 of BitBay, got a refund, got 150+ BTC and WALKED AWAY. Then he dumps his BitBay coins, crushing the market while I was coding. This guy has no soul. And the fact that you work for him knowing that is absolutely a joke. Ibai who used to work with Qtum(who was fired because they found out he is a friend of mine) will most likely tell any of you that Qtum did the same volume fakery.

Also no accounts were created to fud you... actually the opposite, you guys had tons of new accounts pop on to defend you. The people who comment, most of them were investors and I can personally verify most of them are valid investors. If you really want, I can ask the entire BitBay community to chime in here and you will see 100s of comments(obviously that's not necessary). Many of them don't want to spend a moment on you.

Case and point, Dai got money he did no work for. Walked away. In my book thats theft. He lied and told me he would support it, he didn't... he just kept investors money.

Here are a few more chats for you guys to look over...


I'll release more and more over the coming days and weeks and I'll save the best for last!!

[2014-11-15 7:38:30 AM] Steven Dai: yes
[2014-11-15 7:39:18 AM] Steven Dai: 20 minutes left
[2014-11-15 7:39:26 AM] Gekko: w00t!
[2014-11-15 7:39:37 AM] Steven Dai: i will buy this out
[2014-11-15 7:48:41 AM] linhan.ee: all done 2765.7221 BTC collected.
[2014-11-15 7:48:56 AM] Steven Dai: i buy this out
[2014-11-15 7:49:12 AM] Steven Dai: let me check how many bitcoins i put into this
[2014-11-15 7:49:19 AM] Gekko: ok
[2014-11-15 7:51:14 AM] Steven Dai: put 1283BTC into this  and hold 0.442 billion Bitbay
[2014-11-15 7:52:38 AM] Steven Dai: so we buy 1283BTC+500BTC=1783BTC Bay..we get about 2765BTC-1783BTC=982BTC.
[2014-11-15 7:53:24 AM] Gekko: (handshake)
[2014-11-15 7:53:47 AM] Steven Dai: me and lin advance 25BTC to David.  so we get 982-25=957BTC for us
[2014-11-15 7:53:55 AM] linhan.ee: well done
[2014-11-15 7:54:04 AM] Gekko: good work guys
[2014-11-15 7:54:30 AM] Gekko: also im aware Bob was forwarded his funds already.
[2014-11-15 7:55:00 AM] Steven Dai: yes
[2014-11-15 7:55:19 AM] Steven Dai: lin send 500BTC to bob after the first ico day
[2014-11-15 7:55:34 AM] linhan.ee: Trading open time has been published?
[2014-11-15 7:55:44 AM] linhan.ee: I will setup a trading time for it
[2014-11-15 7:55:45 AM] Gekko: yes, and you sent him today 170 i beleive.
[2014-11-15 7:56:02 AM] Steven Dai: so everybody get 957/5=191BTC
[2014-11-15 7:56:12 AM] Gekko: beautiful
[2014-11-15 7:56:26 AM] Gekko: and this is only the start
[2014-11-15 7:57:18 AM] Steven Dai: and get 356 BTC values Bitbay.
[2014-11-15 7:57:46 AM] Steven Dai: so everybody will get 191BTC+356 values Bitbay.
[2014-11-15 7:58:22 AM] Steven Dai: Also we should at least Reserve 100BTC+200BTC Bitbay for DEV Funds control by ourselves.
[2014-11-15 7:58:34 AM] Gekko: of course
[2014-11-15 7:59:38 AM] Gekko: now when market opens we will push the price to at least a triple floor.
[2014-11-15 7:59:41 AM] Steven Dai: so finally the number is: 171BTC+316BTC values BitBay  and  100BTC+200BTC values DEV funds control by our five
[2014-11-15 7:59:49 AM] Gekko: and it will never come back down. never.
[2014-11-15 7:59:57 AM] Steven Dai: that's great
[2014-11-15 8:00:18 AM] Steven Dai: bob get 170BTC and 500BTC values BitBay.
[2014-11-15 8:33:03 AM] Steven Dai: when will we release the wallet and coin to bter？
[2014-11-15 8:34:13 AM] Gekko: Lin should already have the wallet installed. Just need David to send him the coins
[2014-11-15 8:34:51 AM] Steven Dai: ok nice
[2014-11-15 8:37:10 AM] Gekko: So when Lin is ready, have him post the address to David.
[2014-11-15 8:37:15 AM] Gekko: Then everything is 100%
[2014-11-15 8:38:32 AM] Steven Dai: you mean the Total Bitcoin address?
[2014-11-15 8:38:48 AM] Gekko: I mean, the exchange bitbay address
[2014-11-15 8:38:51 AM] Steven Dai: all done 2765.7221 BTC collected.?
[2014-11-15 8:38:57 AM] Gekko: no...
[2014-11-15 8:39:01 AM] Steven Dai: oh i se
[2014-11-15 8:39:03 AM] Steven Dai: oh i see
[2014-11-15 8:39:13 AM] Steven Dai: just the BitBay address right?
[2014-11-15 8:39:15 AM] Gekko: David has all the BitBay, Lin has the exchange wallet. We just need the coins in the exchange wallet
[2014-11-15 8:39:18 AM] Gekko: yes
[2014-11-15 8:39:24 AM] Steven Dai: oh i see
[2014-11-15 8:39:29 AM] Gekko: please make sure Lin gets the coins from David ASAP.
[2014-11-15 8:39:40 AM] Steven Dai: lin is offline now
[2014-11-15 8:39:49 AM] Steven Dai: i think he will be back soon
[2014-11-15 8:40:02 AM] Gekko: Can you call him? It's important that the coins are ready before 6am our time
[2014-11-15 8:40:18 AM] Steven Dai: so people can withdrawal coin是？
[2014-11-15 8:40:20 AM] Steven Dai: coins？
[2014-11-15 8:42:18 AM] Gekko: yes indeed
[2014-11-15 8:45:17 AM] Gekko: getting coins out of the exchange helps against dumping and also for POS in peoples wallets
[2014-11-15 8:45:29 AM] Gekko: POS is what maintains the blockchain
[2014-11-15 8:45:54 AM] Steven Dai: ｙｅｓ　
[2014-11-15 8:49:21 AM] David Zimbeck: when lin gives me an address i will send
[2014-11-15 8:49:32 AM] Steven Dai: ok
[2014-11-15 9:05:33 AM] Steven Dai: we need articles on Coindesk.
[2014-11-15 9:05:52 AM] Gekko: yes, i agree will do what we can to make that happen
[2014-11-15 9:07:00 AM] Steven Dai: hi gekko
[2014-11-15 9:07:15 AM] Steven Dai: do you have a plan when market open?
[2014-11-15 9:07:22 AM] Steven Dai: we need to fake the volume on bter
[2014-11-15 9:07:28 AM] Steven Dai: and also later on Bittrex
[2014-11-15 9:07:40 AM] Steven Dai: will we release the source code later?
[2014-11-15 9:07:47 AM] Gekko: I have a good bot for Bittrex, and I can take care of that market
[2014-11-15 9:07:53 AM] Gekko: but I don't have a bot for Bter
[2014-11-15 9:08:14 AM] Gekko: we can release the core wallet source sure. I will check with Flubber when the time for that is right
[2014-11-15 9:08:54 AM] Steven Dai: yes..
[2014-11-15 9:09:10 AM] Steven Dai: do we have a plan when market open GMT 22:00?
[2014-11-15 9:09:36 AM] Gekko: yes, we will build solid support
[2014-11-15 9:09:44 AM] Gekko: we hold a major % in the currency
[2014-11-15 9:09:50 AM] Gekko: we will take steps to push the price up
[2014-11-15 9:10:08 AM] Gekko: We won't "pump" it too crazy high. We just want to put it at a good price that it deserves
[2014-11-15 9:10:10 AM] Steven Dai: how many we control this？
[2014-11-15 9:10:27 AM] Gekko: well im not the market mover, that's bob
[2014-11-15 9:10:35 AM] Steven Dai: yes..if we ever can push this over 400 satoshi..
[2014-11-15 9:10:38 AM] Gekko: but, I know we will work together to push it good
[2014-11-15 9:10:41 AM] Steven Dai: then that will helps
[2014-11-15 9:10:46 AM] Gekko: I was thinking 300 - 400
[2014-11-15 9:10:58 AM] Gekko: then 400 - 500
[2014-11-15 9:11:05 AM] Gekko: and have a good floor at 400 at least
[2014-11-15 9:11:20 AM] Gekko: possibly higher if the market works with us
[2014-11-15 9:11:30 AM] Gekko: we need to release technology to really push it
[2014-11-15 9:11:53 AM] Gekko: but we can do some good price pushing
[2014-11-15 9:12:32 AM] Steven Dai: ｎｉｃｅ
[2014-11-15 9:14:02 AM] Steven Dai: we do not want people complain the price..so better we do not broke ico price
[2014-11-15 9:15:36 AM] David Zimbeck: yeah obviousl
[2014-11-15 9:15:40 AM] David Zimbeck: but Steven
[2014-11-15 9:15:45 AM] David Zimbeck: we can break it too
[2014-11-15 9:15:56 AM] David Zimbeck: because soon we will have the peg and the price will move
[2014-11-15 9:16:07 AM] David Zimbeck: but obviously it is better we never break
[2014-11-15 9:16:19 AM] David Zimbeck: because we dont want to be less popular
[2014-11-15 9:17:46 AM] Gekko: this is a great coin sir, and very cheap
[2014-11-15 9:18:11 AM] Steven Dai: yes just tell people we will rank top 10
[2014-11-15 9:18:12 AM] Steven Dai: lol
[2014-11-15 9:18:15 AM] Gekko: price deserves to rise. but without a cool release soon it may want to slowly move back down
[2014-11-15 9:18:24 AM] Steven Dai: i see
[2014-11-15 9:18:24 AM] Gekko: yes, and we will
[2014-11-15 9:18:46 AM] Steven Dai: will ask coinmarketcap add us when wallet and trading opens
[2014-11-15 9:18:59 AM] Steven Dai: so people will see us rank top 20 first
[2014-11-15 9:19:03 AM] Steven Dai: then top10
[2014-11-15 9:19:10 AM] Gekko: yes yes
[2014-11-15 9:19:16 AM] Steven Dai: then top5//
[2014-11-15 9:19:20 AM] Gekko: w00t!!!!
[2014-11-15 9:19:30 AM] Steven Dai: i hope one day we can in top5
[2014-11-15 9:19:48 AM] Steven Dai: and we control 60% of the Total Bitbay..
[2014-11-15 9:19:52 AM] Steven Dai: that will be huge
[2014-11-15 9:21:18 AM] Gekko: how much total % we have now?
[2014-11-15 9:24:09 AM] Steven Dai: 1283BTC by myself and 500BTC by bob...i hold 0.44billion and i think that group hold about 0.19 billion..so we control about 0.63 billion together

That's Steven faking 1/2 the volume in BitBay. There really is nothing else to say on the matter. Earlz your boss is a theif. You defending him doesn't reflect well on you. Unlike you, I exposed it after only a couple weeks of sleepless nights.

I've had to shed blood sweat and tears to make the project recover, chose not to rebrand to prove the point. That we won't let a bastard like Dai and Surplus stop good software.

can you do an AMA on /r/cryptocurrency?

[hanlieuiypm9832]

I purchased some Qtum from Yunbi several weeks ago. I am located in the U.S. Should I transfer the Qtum to bittrex or is it safe if I leave them in Yunbi? Any advice on this is appreciated.

Of course you can transfer you qutm to bittrex if you want to trade them, I think yunbi is safe thounh there are many website attacks. Also you can withdraw the qutm to your wallet if you want to hold it longer.

[anahata]

I think this is a good advanced project but when doing research I found a lot of reports how QTUM founder stole money from BitBay. There is article on reddit, medium, bitcointalk. Not only this but a lot of bad practices behind this guy's (pump and dump,fake ICO, and so on). I think all this is holding this coin price so low. People learned their lesson and won't invest in projects which leaders have shady past. There are chat logs on medium from this guys when they prepare to pump a coin with thousands bitcoins. Look to this link  https://medium.com/@icocountdown/due-diligence-pack-for-qtum-7369ef48917b

People can change you know, just because he maybe did something like that once doesn't mean he'll do it again.

I'm all on-board the Qtum project, but that logic is the definition of ignorant. If Bernie Madoff opens a new investment firm, I don't think you'd be so eager to invest. The same principles apply here, if you actually believe what is being said (which I, of course, don't).

Exactly.  This has been hanging over the project for along time now.  Articles like the one above will only continue to pop up as people learn more and more about qtum.  All these bloggers will happen on this story and report on it in hopes that a juicy story will get them more steem dollars, or youtube views.  That's why I feel the matter should be settled sometime in the near future to help the project proceed forward.  If there is so much misinformation and fud out there, then whatever truth will be overtaken at some point. 

It's been a very long time since I saw it but a while back they publicly commented that while he was at Bitbay he did not participate in the scam but obviously how are you going to prove any of that besides he said / she said

Someone posted a while ago that the Qtum team had addressed the issue on Slack, but I did not see the conversation. Another person mentioned that the Qtum team posted a statement on their website regarding the matter, but if it were ever there, it doesn't appear to be there now. I really wish that they were more willing to speak out about the situation because making people guess leads to some cynical explanations on the whole ordeal.

I don't think I said they posted it to their web site. I'm pretty sure that I said he issued a statement when the alligations where first made, which did happen. The only reason it is a big deal because FUDDERS are making it a big deal. I could go the rest of my life without hearing another word of all this BS and be just fine. Don't you guys have anything better to talk about? 

I'm not making any accusations, I clearly said I think they're inaccurate. To not address them, and to pretend like they don't exist is a huge mistake if you want community trust in your project. The cryptocurrency subreddit, for example, views Qtum very badly (most users say that they think it's a scam). Again, I am completely on-board the Qtum project and the amazing work that the devs have done, but I just don't see a way that Western users get over Dai's previous work in BitBay if it's not properly addressed and explained. So far, all I can find through research is the word of David Zimbeck, which certainly is biased in his favor.

Let's not act as if it would be as hard as developing a VM that is compatible with x86 as it is to give a brief summary of Dai's involvement in BitBay. It wouldn't be hard to clear the air here.

They already addressed this a while back. It's just he said she said. QTUM said that while Patrick was at Bitbay he did not participate in the scam. It'll never die down and that Smith & Crown article is very old. People want to throw FUD because they want other projects to succeed. Every coin suffers from it.

While researching on this project, I noticed a very peculiar thing. Whenever someone is posting accusations against Qtum team, it was almost immediately followed by a long post by someone from Qtum giving some update. As if they are trying to hide the discussion, it looks perfidious to say the least.

Also the sudden rise in volume and price of this coin, when other good recent projects are faltering like status, bat or TenX, does leads to the conclusion that there is some foul play at work here. Meanwhile I will keep checking the progress and hope this coin does not dump soon.

[left-ca]

Given the chat logs posted we see now nefarious Dai is. How do we know he didnt use all his btc he SCAMMED from bitbay and purchase qtum with it -> then refund himself everything. INFACT they never released addresses to prove that they didnt just keep more coins themselves. So scummy, 0 transparency. f.u.c.k. you

[earlz]

0 transparency

Feel free to check our financial transparency report at the bottom of our community update for this week: https://medium.com/@Qtum/qtum-community-development-updates-august-7-ffd19d84e0ac

[daadog]

Can you confirm anything about bittrex participating in the swap? Or do we need to move our qtum out of bittrex for the swap?

[LookRev]

Details on how to try it out?

[ethlover1234]

I know mainnet launch date has been said a million times (Sept.). Does that mean the 1st, or potentially a later date?

[left-ca]

0 transparency

Feel free to check our financial transparency report at the bottom of our community update for this week: https://medium.com/@Qtum/qtum-community-development-updates-august-7-ffd19d84e0ac

Anyone can make that shit up and post it, and by the chat logs posted about Patrick/Steven Dai artificially pumping and running off it leaves him with 0 credibility. You guys didnt even release the wallet addresses from the crowdsales

[RavenBitcoins]

https://twitter.com/AgrelloOfficial/status/894630474668179456

[MofoMF]

Is working to withdraw Qtum Tokens from an market to my Ethereum wallet ?

[Qtum]

Qtum Update:

We met with Charles Xue in Shanghai the other day, an Angel Investor who has done well in his career, especially in the Chinese mobile telecommunications market. He has 12 million followers on social media, notably on Sino Weibo:


http://weibo.com/charlesxue?refer_flag=1001030103_&is_hot=1#_rnd1502241532738


This is what he had to say about us:


"I've met dozens of Chinese and international Blockchain projects lately, and the Quantum Blockchain is by far one of the most innovative. First off, after meeting Patrick I realized he was under 30 years old, and found him to be very intelligent. He was humble, unlike a lot of entrepreneurs that are greedy. He has done a great job dealing with large organizations.

The second part is tricky to explain, they strive to expand into different markets, there is so much opportunity for this industry.

Finally, this is the right time for Blockchain. After years of market cultivation, the role of this technology has spread. Digital currency users have greatly increased, gradually becoming more mainstream. I think we're at the phase where we can can call this phase "Blockchain Plus", where we will see the biggest portions of growth. Traditional industries like: Financial, insurance, health care, retail, and so forth will really start to utilize cryptocurrency soon. I think the best times are ahead of us, and looking forward, Quantum is going to play a part in changing the world."

[earlz]

Can you confirm anything about bittrex participating in the swap? Or do we need to move our qtum out of bittrex for the swap?

Not confirmed yet (they're still doing some testing on our testnet to make sure it all works well on their systems), but the plan is for Bittrex to help with the swap

[homnix]

I purchased some Qtum from Yunbi several weeks ago. I am located in the U.S. Should I transfer the Qtum to bittrex or is it safe if I leave them in Yunbi? Any advice on this is appreciated.

100% bittrex

[Qtum]

These next few weeks will be critical for anyone watching the Qtum project, we will be making some big announcements leading up to our Main Network release late September.

[lorylore]

These next few weeks will be critical for anyone watching the Qtum project, we will be making some big announcements leading up to our Main Network release late September.

That is great to hear that. There is exciting roadmap ahead of qtum. It is not going to be easy but i believe that the dev team will make sure that qtum will always strike ahead and take on the different challenge.