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Author Topic: [ANN] bitqy (BQ) now listed on C-CEX  (Read 1119 times)
rizzn
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September 01, 2017, 03:50:23 AM
 #21

Hello, all.

It's been a busy week. I heard that my name was mentioned on this thread, but I hadn't had a chance to respond to it in a timely fashion.

To clarify my involvement, everything I wrote in my blog post was true, at least to the extent that I understood things from the perspective of a vendor with a severed relationship and limited insight into bitqyck's inner workings without me.

About two months ago, one of the founders of bitqyck reached out to me on a technical matter (unrelated to cryptocurrency) and expressed a desire to address several of the issues I raised in my blog post as well as other technical questions that are starting to arise during the day-to-day operations of the company.

About a month into periodic discussions, we engaged in a contractual relationship in which I've served as a technical consultant (via my agency) on several initiatives, including interacting with public exchanges, helping craft technically accurate sales verbiage, and general matchmaking between other clients of mine in the local startup community.

When we engaged, I told them I'd be happy to lend a hand and work in the background. I'd even be happy to act once again as a spokesperson of the token again if they'd agree to an independent legal and technical review of the solidity code for the ERC-20 token. This is a process that is still underway. I don't have any doubt, given my ongoing interactions with the founders and the new management team, that their intentions are to build a sustainable company and to break new technical boundaries in the process.

As I talked about in my blog post, what drew me to this project was their willingness to apply theoretical concepts of the Digital Autonomous Organization as a practical matter. Given the state of blockchain right now, it's not something that could (or should) be done in one leap. The original architecture and token roadmap I worked with the founding team is still the current roadmap. One of my goals in working with them over the next few weeks and months is to help them document and share that roadmap publicly.

I hope this clarifies things. I understand the reticence of the geek community to embrace anything that remotely sounds like network marketing, but for what it's worth, to me the core team involved with the bitqy token have demonstrated an earnest desire to do things the right way.

By way of disclosure: I still own no bitqy, and my company is paid in plain ol' US fiat for my work with bitqyck. I told them I'd accept Bitcoin, but given the bull run it's on this month, I'm guessing they're wanting to HODL.

founder of Roger Wilco
venture partner with Barista Ventures
IBM futurist
formerly, the founding editor for the SiliconANGLE network.
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NewWorldCoiner
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Saved you from a scam? Send me some BTC!


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September 02, 2017, 04:24:33 PM
 #22

Good one Dr Bitcoin. Still not learned to google then?

Apparently Bitqyck is partnered with Potentl, whose CEO is Mike Magolnick.

https://twitter.com/magolnick?lang=en

https://twitter.com/POTENTL/status/891703291020795905

Do a google search for Mike Magolnick SEC, guess what you find? He's a pump and dumper.

https://www.sec.gov/litigation/litreleases/2010/lr21565.htm

https://www.law360.com/articles/143016/sec-mobile-ready-ceo-reach-insider-trading-deal

Bitqyck is also promoted by Jason Guck.

https://www.facebook.com/mybitqyck/posts/1329661600416850

https://www.jason-guck.com/

https://www.youtube.com/watch?v=qASQ4tf4Ngo

Do a google search for Jason Guck, guess what you find? He's been indicted by the Fed's on charges of defrauding investors of millions of dollars.

https://www.justice.gov/usao-wdny/pr/three-men-arrested-wire-fraud-scheme-involving-multilevel-marketing-company

https://www.usatoday.com/story/news/2017/06/23/raig-jerabeck-jason-guck-and-jeb-tyler-5-linx-fraud-grand-jurt/423597001/#

http://www.whec.com/news/feds-may-seize-two-canandaigua-lakefront-homes/4538860/

This is why we're reticent Dr Bitcoin. Leopards never change their spots. Enjoy your 30 pieces of silver.
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September 02, 2017, 06:20:22 PM
 #23

Good one Dr Bitcoin. Still not learned to google then?

Apparently Bitqyck is partnered with Potentl, whose CEO is Mike Magolnick.

https://twitter.com/magolnick?lang=en

https://twitter.com/POTENTL/status/891703291020795905

Do a google search for Mike Magolnick SEC, guess what you find? He's a pump and dumper.

https://www.sec.gov/litigation/litreleases/2010/lr21565.htm

https://www.law360.com/articles/143016/sec-mobile-ready-ceo-reach-insider-trading-deal

Bitqyck is also promoted by Jason Guck.

https://www.facebook.com/mybitqyck/posts/1329661600416850

https://www.jason-guck.com/

https://www.youtube.com/watch?v=qASQ4tf4Ngo

Do a google search for Jason Guck, guess what you find? He's been indicted by the Fed's on charges of defrauding investors of millions of dollars.

https://www.justice.gov/usao-wdny/pr/three-men-arrested-wire-fraud-scheme-involving-multilevel-marketing-company

https://www.usatoday.com/story/news/2017/06/23/raig-jerabeck-jason-guck-and-jeb-tyler-5-linx-fraud-grand-jurt/423597001/#

http://www.whec.com/news/feds-may-seize-two-canandaigua-lakefront-homes/4538860/

This is why we're reticent Dr Bitcoin. Leopards never change their spots. Enjoy your 30 pieces of silver.

Ok Pinocchio. Good one pulling half stories from 10 years ago. You are looking more stupid and childish every time you comment. Walk away puppet, walk away.

Mike Magolnick's case was a big nothing burger from 2007.  Great reporting on your part dipshit.

Jason Guck is an Affiliate and too bad on you but we don't judge people or discriminate because of alleged actions.

You = Pinocchio the judgmental puppet.
Find something better to do.
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September 02, 2017, 08:25:56 PM
 #24


Apparently Bitqyck is partnered with Potentl, whose CEO is Mike Magolnick.

https://twitter.com/magolnick?lang=en

https://twitter.com/POTENTL/status/891703291020795905

Do a google search for Mike Magolnick SEC, guess what you find? He's a pump and dumper.


Following this post and must say that we are disappointed in the tone of this. @NewWorldCoiner - we would expect a lot more from you with your "Senior" level here.

To clarify:

1) POTENTL allows customers to use bitqy in payment for a few services and would welcome a deeper partnership with bitqyck
2) We believe whole heartedly in their business model and business plan as well as their leadership
3) Thank you for promoting Mike Magolnick's Twitter account
4) Mike Magolnick is NOT and NEVER WAS involved in a pump and dump nor was he found to ever be part of a pump and dump. He was named in a 2010 investigation from a situation that happened in 2007. The big "to do" about the whole thing ended up being nothing. The only issue that the SEC finalized was whether certain legal opinions issued to the company had the correct restrictive period dates on it. Not only was there nothing criminal about the situation, but there was nothing found that there was any wrong doing at all. Mike doesn't hide from any of this and his background, reputation, and long list of references is stellar.
5) Mike does contract work for bitqyck helping with the company's brand strategy as well as cryptocurrency operations. He has a strong background in compliance and social media and is working very close with the company to ensure things done are executed the right way.

Here is the bottom line. Outside of Mike, which was probably a mistake for you to mention him negatively, this is a company that acknowledges things weren't always great in the past. We are ones who believe that the past is the past. You give people a chance like we gave bitqyck a chance. This is no joke that they are running a tight ship. We read your posts and in restrospect it is clear that you are very aggressive and not very professional in your delivery.

If you want to reach out to Mike directly to talk to him about these comments, email him at mike@potentl.com.

Peter Miller, Exec Asst to MM
Pete@potentl.com
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September 02, 2017, 08:49:18 PM
 #25


Apparently Bitqyck is partnered with Potentl, whose CEO is Mike Magolnick.

https://twitter.com/magolnick?lang=en

https://twitter.com/POTENTL/status/891703291020795905

Do a google search for Mike Magolnick SEC, guess what you find? He's a pump and dumper.


Following this post and must say that we are disappointed in the tone of this. @NewWorldCoiner - we would expect a lot more from you with your "Senior" level here.

To clarify:

1) POTENTL allows customers to use bitqy in payment for a few services and would welcome a deeper partnership with bitqyck
2) We believe whole heartedly in their business model and business plan as well as their leadership
3) Thank you for promoting Mike Magolnick's Twitter account
4) Mike Magolnick is NOT and NEVER WAS involved in a pump and dump nor was he found to ever be part of a pump and dump. He was named in a 2010 investigation from a situation that happened in 2007. The big "to do" about the whole thing ended up being nothing. The only issue that the SEC finalized was whether certain legal opinions issued to the company had the correct restrictive period dates on it. Not only was there nothing criminal about the situation, but there was nothing found that there was any wrong doing at all. Mike doesn't hide from any of this and his background, reputation, and long list of references is stellar.
5) Mike does contract work for bitqyck helping with the company's brand strategy as well as cryptocurrency operations. He has a strong background in compliance and social media and is working very close with the company to ensure things done are executed the right way.

Here is the bottom line. Outside of Mike, which was probably a mistake for you to mention him negatively, this is a company that acknowledges things weren't always great in the past. We are ones who believe that the past is the past. You give people a chance like we gave bitqyck a chance. This is no joke that they are running a tight ship. We read your posts and in restrospect it is clear that you are very aggressive and not very professional in your delivery.

If you want to reach out to Mike directly to talk to him about these comments, email him at mike@potentl.com.

Thanks Pete. Sorry for Mike being dragged into this. Enjoy the game today!
mmagolnick
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September 02, 2017, 09:01:01 PM
 #26


Thanks Pete. Sorry for Mike being dragged into this. Enjoy the game today!

We are! Gators beating up on Michigan nicely.

I'm not a fan of this bitcoin forum stuff. People don't seem to want to find out the truth. They just want to attack people for no reason.

By the way, Mike is going to do some social promotions for these new services this week. We are going to probably start on Monday. Nice job on the bitqyck corporate governance / voting event going on. Very exciting! Mike said this is something never done before in cryptocurrency.

Game is back on so I'm going offline. Have a good day.

Peter Miller, Exec Asst to MM
Pete@potentl.com
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September 10, 2017, 10:09:46 AM
 #27


NewWorldCoiner, thanks for pointing out all these obvious truth. I will not invest a sat in that scam. I hope all those scammer get karma back to them some day.
rizzn
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September 14, 2017, 08:35:57 PM
 #28

Good one Dr Bitcoin. Still not learned to google then?

I'm not sure how you expect me to respond to this.

I continue to work with bitqyck because I make recommendations, and they have established a pattern in the last couple of months of following them. I don't know what's in their heart, but I know what my intentions are. As I said, I'm not invested in bitqy, not because I don't think it has no potential, but because I want to avoid any appearance of impropriety.

We're in a phase of blockchain development where, yes, there is still fertile ground for innovation, but there has been paved a way for application and distribution of existing refined technologies. Bitqyck largely falls into that latter category. Creating a rewards token isn't hugely innovative, and neither is using a blockchain to secure ownership in a corporation, but it is a smart application of the technology, and it introduces a layer of transparency to corporate governance that (and the bitqyck guys may not like me saying this publicly) has historically been lacking in many network marketing organizations through modern history.

I see a proper application of blockchain technology to this effort as a (yes, lucrative) path to algorithmically enforcing business ethics. This is a vision the founders of bitqyck have, at least to me, have expressed strong agreement with.

founder of Roger Wilco
venture partner with Barista Ventures
IBM futurist
formerly, the founding editor for the SiliconANGLE network.
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