[ANN] QRL - Announcing the Quantum Resistant Ledger

[BlockHedge]

Weird that the devs are not posting here, and seems impossible to get a link to slack.

Devs are quite busy, and are active on the Slack.  It is hard to be active everywhere and continue to develop the project.

Slack invite here: http://slack.theqrl.org

[BlockHedge]

If the team are interested I am happy to share the work on this I did for XBY.  May help point them in the right direction depending on where they got to with it.  I understand this isn't simple stuff and the right advisers, legal and financial setup are crucial.


However, I am surprised that people are buying that >$1m worth of QRL needed to be cashed out to support the project for 3 months.  It doesn't add up in the slightest.  We also still have very limited details on the type of company or foundation setup.   The best way to handle internal accusations like this is to come clean on all the accusations, the good and the bad.  Leaving it to fester will be an open sore that could get infected.

CCNCCN thanks for the offer.  I let the dev team know and if you are serious about your offer to share some of that work, the team email address is: info@theqrl.org

They are open to helpful assistance.  We all want the project to succeed.

There will be a follow-up statement from the team within about 24 hours or so as well, likely through a Medium post.

[Bitcoin Explorer]

Sounds interesting. Im not sure how it will pan out though.

[aBitcoiner]

Inca, if you are doing it all alone (as it is stated in thread), it may be a work of your life soon enough and bring you a lot of money!

[CCNCCN]

If the team are interested I am happy to share the work on this I did for XBY.  May help point them in the right direction depending on where they got to with it.  I understand this isn't simple stuff and the right advisers, legal and financial setup are crucial.


However, I am surprised that people are buying that >$1m worth of QRL needed to be cashed out to support the project for 3 months.  It doesn't add up in the slightest.  We also still have very limited details on the type of company or foundation setup.   The best way to handle internal accusations like this is to come clean on all the accusations, the good and the bad.  Leaving it to fester will be an open sore that could get infected.

CCNCCN thanks for the offer.  I let the dev team know and if you are serious about your offer to share some of that work, the team email address is: info@theqrl.org

They are open to helpful assistance.  We all want the project to succeed.

There will be a follow-up statement from the team within about 24 hours or so as well, likely through a Medium post.

I'll send them a message.   

May want to watch the timing of your statement to avoid the hard fork of BTL though!

[solid12345]

Someone said on twitter that public testnet would be released today? Any truth to this?

Edit: looks like it

https://twitter.com/QRLedger/status/892483479576989696

Public test net goes live soon™...oops. I mean it goes live at 0000 GMT+1 (6 pm CST)! Stay tuned! More comments and updates to come!

[mtx_demon]

Someone said on twitter that public testnet would be released today? Any truth to this?

Edit: looks like it

https://twitter.com/QRLedger/status/892483479576989696

Public test net goes live soon™...oops. I mean it goes live at 0000 GMT+1 (6 pm CST)! Stay tuned! More comments and updates to come!

Yeah in couple hours the testnet should be release

From Slack

peterwaterland [1:44 PM]
Testnet is going live @0000 GMT+1

[Siralistair]

Someone said on twitter that public testnet would be released today? Any truth to this?

Edit: looks like it

https://twitter.com/QRLedger/status/892483479576989696

Public test net goes live soon™...oops. I mean it goes live at 0000 GMT+1 (6 pm CST)! Stay tuned! More comments and updates to come!

Yeah in couple hours the testnet should be release

From Slack

peterwaterland [1:44 PM]
Testnet is going live @0000 GMT+1

Good stuff!!

[BlockHedge]

However, I am surprised that people are buying that >$1m worth of QRL needed to be cashed out to support the project for 3 months.  It doesn't add up in the slightest.  We also still have very limited details on the type of company or foundation setup.   The best way to handle internal accusations like this is to come clean on all the accusations, the good and the bad.  Leaving it to fester will be an open sore that could get infected.

Here is a piece from the just released statement ( here: https://medium.com/@theQRL/qrl-testnet-a412ea34135d ) that I think gets to the heart of this issue:

I will briefly touch upon one point which the community has raised, namely trading of QRL by team members. We obtained our pre-sale Bitcoin and Ethereum in a private raise using very clear terms just two months ago. Our mainnet launch is penciled just two/three months away. Since our pre-sale we have in just ~60 days had to professionalize the team, look for additional talent in a crowded space, personally deploy ERC20 tokens to hundreds of people (with associated tech support) and continue to develop our codebase at breakneck speed to hit our targets.
Our roadmap offers no margin for delay whatsoever because we want the QRL to be the first truly post-quantum secure blockchain in the world. But we have to do it properly. Up to now the entire project from inception (hosting, VPS, AWS, salaries, travel costs, legal, licensing, third party services etc) have been covered entirely by myself. Our plan remains to set up a legal Foundation entity and use the funds from the pre-sale to facilitate the project but securing the optimum jurisdiction and form for this body is complex and time-consuming. Our roadmap does now allow for such delays and so I have paid for everything myself on an interim basis. After the pre-sale participants petitioned us to issue ERC20 tokens I made the decision to sell a portion of my own personal coins to cover costs, especially as these will grow with every new team member recruited going forward.
I recognize that selling these coins could be interpreted as ‘lead dev doesn’t have confidence in the project’ but that is categorically not the case. I would like to offer my apology to those who feel we should have gone about this differently and give my word that no further coins will be sold before the vesting period ends.
No other core team members have received their allocation. Transparency and openness is very important and we will therefore publish the addresses of all core team members when they receive their Quanta at mainnet launch. Additionally, the Foundation address is custodian to the 65% of team funds allocated for ongoing development.

[z0n0]

However, I am surprised that people are buying that >$1m worth of QRL needed to be cashed out to support the project for 3 months.  It doesn't add up in the slightest.  We also still have very limited details on the type of company or foundation setup.   The best way to handle internal accusations like this is to come clean on all the accusations, the good and the bad.  Leaving it to fester will be an open sore that could get infected.

Here is a piece from the just released statement ( here: https://medium.com/@theQRL/qrl-testnet-a412ea34135d ) that I think gets to the heart of this issue:

I will briefly touch upon one point which the community has raised, namely trading of QRL by team members. We obtained our pre-sale Bitcoin and Ethereum in a private raise using very clear terms just two months ago. Our mainnet launch is penciled just two/three months away. Since our pre-sale we have in just ~60 days had to professionalize the team, look for additional talent in a crowded space, personally deploy ERC20 tokens to hundreds of people (with associated tech support) and continue to develop our codebase at breakneck speed to hit our targets.
Our roadmap offers no margin for delay whatsoever because we want the QRL to be the first truly post-quantum secure blockchain in the world. But we have to do it properly. Up to now the entire project from inception (hosting, VPS, AWS, salaries, travel costs, legal, licensing, third party services etc) have been covered entirely by myself. Our plan remains to set up a legal Foundation entity and use the funds from the pre-sale to facilitate the project but securing the optimum jurisdiction and form for this body is complex and time-consuming. Our roadmap does now allow for such delays and so I have paid for everything myself on an interim basis. After the pre-sale participants petitioned us to issue ERC20 tokens I made the decision to sell a portion of my own personal coins to cover costs, especially as these will grow with every new team member recruited going forward.
I recognize that selling these coins could be interpreted as ‘lead dev doesn’t have confidence in the project’ but that is categorically not the case. I would like to offer my apology to those who feel we should have gone about this differently and give my word that no further coins will be sold before the vesting period ends.
No other core team members have received their allocation. Transparency and openness is very important and we will therefore publish the addresses of all core team members when they receive their Quanta at mainnet launch. Additionally, the Foundation address is custodian to the 65% of team funds allocated for ongoing development.

Finaly some good news, lets hope they deliver.

[fedmahnkassad]

I've been in and out of QRL quite a few times. R/R looks favorable again, so I bought it again. It will be interesting to see how things pan out after main net is launched. It's extremely doubtful the coin will never pass ATH, which is like 3x from here.

Apologies to the devs if this post sounds too price oriented, but a lot of us are traders and not hodlers.

[Elkmar]

Well, in time of troubles, opportunities arise. So I'm in 

[kalisto]

What doesn't kill you makes you stronger 

[mangrooooo]

I've been in and out of QRL quite a few times. R/R looks favorable again, so I bought it again. It will be interesting to see how things pan out after main net is launched. It's extremely doubtful the coin will never pass ATH, which is like 3x from here.

Apologies to the devs if this post sounds too price oriented, but a lot of us are traders and not hodlers.

Sorry, but you are completely wrong. There is more hodlers than traders.

[Elkmar]

I hope the problems inbetween the co-founders will be resolved, after this, we should see a nice uptrend and support coming back for the project 

[naska21]

I hope the problems inbetween the co-founders will be resolved, after this, we should see a nice uptrend and support coming back for the project  

Their problems do prevent the real investors into going into project right now. So we need to wait some time while all the dust will go down.

[Johnny00]

I hope the problems inbetween the co-founders will be resolved, after this, we should see a nice uptrend and support coming back for the project 

Jomari was not a co-founder. He joined one month before the pre sale.

[fedmahnkassad]

QRL just keeps going lower and lower and I keep adding to my bag, I guess this qualifies me as a hodler now as well.

[z0n0]

In last 3 months I bought a few coins/tokens.
Honestly, from all, I expected the most from QRL - today, not so much.
I'm still gonna hold and hope for better days.

[the-doctor]

It is seems like very good opportunity to buy, cause despite the problem which is already resolving, the project itself promises alot and I can see it going strong after. Lets see