[ANN] QIBUCK COIN - X13 - POS/POBH - 1st Proof of Baghold and asset backed.

[macorcina]

maybe they considered to cancel all trade. ?
and refund all ?
[/quote]

LOL why would they issue a refund? Polo and Qibuck team can't control dumpers. If people want to sell below ICO , for a loss, how is that their fault? All buyers took a risk, either hold for better times, or sell and STFU and go to your next PnD and cry in that thread. 
[/quote]
Yes
it's true

[macorcina]

Macorcina,please wait till we are able to confirm when new Linux wallet is ready.

i have workig linux wallet. plese conntact me.
thanks

>Linux wallet - 0.2 btc Shane paid in btc<

[chilly2k]

maybe they considered to cancel all trade. ?
and refund all ?

LOL why would they issue a refund? Polo and Qibuck team can't control dumpers. If people want to sell below ICO , for a loss, how is that their fault? All buyers took a risk, either hold for better times, or sell and STFU and go to your next PnD and cry in that thread. 

   I love the dumpers and Haters and Trolls.  Makes for cheap coins.  Maybe I can become a super mega level bagholder.....  

You have to love the folks that have no idea what QBK is or what the concept is, behind it.  They all saw ICO and $$$$ filled their heads.  After the anticipated pump before the dump didn't occur, they looked into it, and realized, hey this isn't the normal P&D coin we're used to, it must "Be a scam"....  

I think they all lost money on facebook stock....  

  Whatever happened to do your own research before investing in anything.....

[qiwoman2]

maybe they considered to cancel all trade. ?
and refund all ?
[/quote]

LOL why would they issue a refund? Polo and Qibuck team can't control dumpers. If people want to sell below ICO , for a loss, how is that their fault? All buyers took a risk, either hold for better times, or sell and STFU and go to your next PnD and cry in that thread. 
[/quote]

1. I just woke up and I can see this is exactly the same Issue XBC coin had. The punters were crying out for XBC to burn the coins an what did that do the value? It dropped.

2. This was never meant to be a quick pump and dump coin. Unfortunately once the ICO ended from that very moment a relentless FUD campaign was started on the Poloniex Trollbox and social media out to harm both our personal reputations and the price of the coin. The FUDSTERS were even bragging openly on POLO how they were going to crash the price. The SHEEP and FOLLOWERS of this MOBSTER GANG, because in my eyes they are nothing more but a Crypto Gangster Mob just wanting to fleece money from every coin and noob traders, Just bailed out on the coin within minutes and hours, even selling at a loss. Either most of those people were just hoping for a 1000% roi in a few hours to make quick profits, or didn't read the ANN to make a valid choice.We will NOT take responsibility for the cruel actions of the MOB Neither we will take responsibility for the 'investors' who cut their losses and ran because they just followed the FUD campaign.

3. Our responsibility is to have fully functional wallets, a functioning coin and do do our best generating revenues, which in turn would help to increase demand in our coin, then the price would naturally rise. For those that can't wait for us to DO OUR JOB and want instant massive profits YESTERDAY, i am terribly sorry THIS COIN ISN'T FOR YOU. I would suggest you try your luck either in a Casino or another fast pump and dump coin.

4. We will discuss with out Team the best route to take to create a healthy and stable coin, other than that you will all have to be patient for further announcements as they come in in real time.

5. I personally will not waste a second of my precious time, which I could spend doing something positive for the coin, pandering and bowing to the FUDSTERS and Trolls on this thread or anywhere else.

6. I have just woken up so will find out form POLONEX when they will unfreeze withdraws so we can issue bounties and get on with urgent business at hand. This is all I have to say in this matter. Whatever actions we take to try and remedy the current situation we will report once we decide. I personally believe burning the coins is absurd as that didn't work for many other coins but only served a few greedy individuals. The whole point of this coin is to try to generate maximum profits. Sync coin also has a stabilization fund, did they burn their stabilization fund coins? Answer is No and also one more thing, we are three days old only and we are expected to have a fully fledged income producing coin which is preposterous. If Investors cannot wait then my simple answer to that is cut your losses and move on. If you have the patience to wait while we try to do our job without constantly being hounded and pounded then your patience will bear dividends. Thank you for reading.

[Youghoor]

maybe they considered to cancel all trade. ?
and refund all ?

LOL why would they issue a refund? Polo and Qibuck team can't control dumpers. If people want to sell below ICO , for a loss, how is that their fault? All buyers took a risk, either hold for better times, or sell and STFU and go to your next PnD and cry in that thread. 
[/quote]

1. I just woke up and I can see this is exactly the same Issue XBC coin had. The punters were crying out for XBC to burn the coins an what did that do the value? It dropped.

2. This was never meant to be a quick pump and dump coin. Unfortunately once the ICO ended from that very moment a relentless FUD campaign was started on the Poloniex Trollbox and social media out to harm both our personal reputations and the price of the coin. The FUDSTERS were even bragging openly on POLO how they were going to crash the price. The SHEEP and FOLLOWERS of this MOBSTER GANG, because in my eyes they are nothing more but a Crypto Gangster Mob just wanting to fleece money from every coin and noob traders, Just bailed out on the coin within minutes and hours, even selling at a loss. Either most of those people were just hoping for a 1000% roi in a few hours to make quick profits, or didn't read the ANN to make a valid choice.We will NOT take responsibility for the cruel actions of the MOB Neither we will take responsibility for the 'investors' who cut their losses and ran because they just followed the FUD campaign.

3. Our responsibility is to have fully functional wallets, a functioning coin and do do our best generating revenues, which in turn would help to increase demand in our coin, then the price would naturally rise. For those that can't wait for us to DO OUR JOB and want instant massive profits YESTERDAY, i am terribly sorry THIS COIN ISN'T FOR YOU. I would suggest you try your luck either in a Casino or another fast pump and dump coin.

4. We will discuss with out Team the best route to take to create a healthy and stable coin, other than that you will all have to be patient for further announcements as they come in in real time.

5. I personally will not waste a second of my precious time, which I could spend doing something positive for the coin, pandering and bowing to the FUDSTERS and Trolls on this thread or anywhere else.

6. I have just woken up so will find out form POLONEX when they will unfreeze withdraws so we can issue bounties and get on with urgent business at hand. This is all I have to say in this matter. Whatever actions we take to try and remedy the current situation we will report once we decide. I personally believe burning the coins is absurd as that didn't work for many other coins but only served a few greedy individuals. The whole point of this coin is to try to generate maximum profits. Sync coin also has a stabilization fund, did they burn their stabilization fund coins? Answer is No and also one more thing, we are three days old only and we are expected to have a fully fledged income producing coin which is preposterous. If Investors cannot wait then my simple answer to that is cut your losses and move on. If you have the patience to wait while we try to do our job without constantly being hounded and pounded then your patience will bear dividends. Thank you for reading.


[/quote]

[macorcina]

. Sync coin also has a stabilization fund, did they burn their stabilization fund coins? Answer is No and also one more thing, we are three days old only and we are expected to have a fully fledged income producing coin which is preposterous. If Investors cannot wait then my simple answer to that is cut your losses and move on. If you have the patience to wait while we try to do our job without constantly being hounded and pounded then your patience will bear dividends. Thank you for reading.

[/quote]
SYNC coin is a great example,
you have my support ...

[poornamelessme]

?

If we bought 250,000 coins for 25 BTC, we would have 75 BTC left over and only 250,000 coins would be left.

If we bought 499,999 coins for 49.9999 BTC, we would have 1 coin with 50 BTC left over, meaning that one coin would technically be worth 50 BTC.

I don't understand why you guys are getting this.  Buying up and burning coins might not work if the price is over the IPO, but when it's below, it makes perfect sense.

You keep repeating these same arguments as if people can't understand the math. We do. The problem is, it's not assured that the math will equate to actual exchange prices in the end.

In your example above, you bought all of the coins except for 1, and that one coin would technically would be worth 50 BTC. But it wouldn't. Nobody would buy 1 coin for 50 BTC.

Remember that these are all made up values to begin with. Simply saying if we destroy a certain percentage of coins, the value of the coins as a whole will go up by the same percentage, is just a guess. It's wishful thinking and no guarantee it would occur.

There is also the little problem of 25 btc being taken away from the asset fund, so even if there are less coins about, so a greater percentage of a payout per coin, it's negated by less funds to pay for assets to begin with.

And a vote would be meaningless. Every coin that runs a poll to destroy coins always votes to destroy. That's because people have a short term view and want immediate profits.

[MadGhost]

?

If we bought 250,000 coins for 25 BTC, we would have 75 BTC left over and only 250,000 coins would be left.

If we bought 499,999 coins for 49.9999 BTC, we would have 1 coin with 50 BTC left over, meaning that one coin would technically be worth 50 BTC.

I don't understand why you guys are getting this.  Buying up and burning coins might not work if the price is over the IPO, but when it's below, it makes perfect sense.

You keep repeating these same arguments as if people can't understand the math. We do. The problem is, it's not assured that the math will equate to actual exchange prices in the end.

In your example above, you bought all of the coins except for 1, and that one coin would technically would be worth 50 BTC. But it wouldn't. Nobody would buy 1 coin for 50 BTC.

Remember that these are all made up values to begin with. Simply saying if we destroy a certain percentage of coins, the value of the coins as a whole will go up by the same percentage, is just a guess. It's wishful thinking and no guarantee it would occur.

There is also the little problem of 25 btc being taken away from the asset fund, so even if there are less coins about, so a greater percentage of a payout per coin, it's negated by less funds to pay for assets to begin with.

And a vote would be meaningless. Every coin that runs a poll to destroying coins always votes to destroy. That's because people have a short term view and want immediate profits.

it doesn't make any sense if the price is below IPO

[pseudonymdude]

?

If we bought 250,000 coins for 25 BTC, we would have 75 BTC left over and only 250,000 coins would be left.

If we bought 499,999 coins for 49.9999 BTC, we would have 1 coin with 50 BTC left over, meaning that one coin would technically be worth 50 BTC.

I don't understand why you guys are getting this.  Buying up and burning coins might not work if the price is over the IPO, but when it's below, it makes perfect sense.

You keep repeating these same arguments as if people can't understand the math. We do. The problem is, it's not assured that the math will equate to actual exchange prices in the end.

In your example above, you bought all of the coins except for 1, and that one coin would technically would be worth 50 BTC. But it wouldn't. Nobody would buy 1 coin for 50 BTC.

Remember that these are all made up values to begin with. Simply saying if we destroy a certain percentage of coins, the value of the coins as a whole will go up by the same percentage, is just a guess. It's wishful thinking and no guarantee it would occur.

There is also the little problem of 25 btc being taken away from the asset fund, so even if there are less coins about, so a greater percentage of a payout per coin, it's negated by less funds to pay for assets to begin with.

And a vote would be meaningless. Every coin that runs a poll to destroying coins always votes to destroy. That's because people have a short term view and want immediate profits.

IMO, you aren't understanding this word problem.

If BTC held per coin increases, then the dividend potential increases.  If 49.999 is used to buy up every coin but one.  Then you have 50 BTC behind 1 coin getting that dividend.  If you can double that 50 BTC and pay out a 50 BTC dividend, that one coin would receive it.  I'm not sure what is hard to understand about this.

Maybe you just don't understand what I'm communicating.  Is this any better?

Any coins they burned would not receive a dividend.  Any non-burned coins would have their dividend increased by the previous dividends of the burned coins.

For instance, if the dividend was 100 BTC a year (100% profit), each coin would receive (100/500,000 =) 0.0002 BTC a year.

If 25 BTC went into burning half the coins and the dividend was only 75 BTC (100% profit), each coin would receive (75/250,000 =) 0.0003 BTC a year.

If 49.999 BTC went into burning all but one of the coins and the dividend was only 50 BTC (100% profit), each coin would receive (50/1 =) 50 BTC a year.

[chilly2k]

3. Our responsibility is to have fully functional wallets, a functioning coin and do do our best generating revenues

, which in turn would help to increase demand in our coin, then the price would naturally rise. For those that can't wait for us to DO OUR JOB and want instant massive profits YESTERDAY, i am terribly sorry THIS COIN ISN'T FOR YOU. I would suggest you try your luck either in a Casino or another fast pump and dump coin.


6. I have just woken up so will find out form POLONEX when they will unfreeze withdraws so we can issue bounties and get on with urgent business at hand. This is all I have to say in this matter. Whatever actions we take to try and remedy the current situation we will report once we decide. I personally believe burning the coins is absurd as that didn't work for many other coins but only served a few greedy individuals. The whole point of this coin is to try to generate maximum profits. Sync coin also has a stabilization fund, did they burn their stabilization fund coins? Answer is No and also one more thing, we are three days old only and we are expected to have a fully fledged income producing coin which is preposterous. If Investors cannot wait then my simple answer to that is cut your losses and move on. If you have the patience to wait while we try to do our job without constantly being hounded and pounded then your patience will bear dividends. Thank you for reading.

Forget everything and everyone else.  STICK with your plan.  I'm sure there are a lot of people that understood this plan before investing.  Weigh all of your options and try to make a good decision, but don't let anyone pressure you into doing something you do not feel is right.   see statement 3.... 

as for #6.  Check with Poloniex please, but  you should not be worried about the "current situation".  You didn't create it, and it's not your problem to fix.  The free market will take care of it.  I love getting QBK for a 50% discount.     

[candlesticks]

Thanks for the update Qiwoman. Just keep working as if the Sh!ttalkers never showed up, it's really all you can do. If you start scrambling to get the price to rise, it will come back to bite you. Hopefully this drop in price will attract some people who will sort through the BS, and see that this is a dedicated team who wants to build a successful long term coin. Not sure how I feel about the stabilization fund, never seems to work for very long....anybody remember AIRcoin, or NAUT? The team has a substantial amount of BTC that can be used to build a solid foundation of assets, manipulating the market may just fuel another dump. How about a reward at the end of this month for ICO buyers that never sold . lol sort of kidding on that last one. Don't panic team, only so much you can do.

[macorcina]

3. Our responsibility is to have fully functional wallets,

Youghoor,
i have workig linux wallet. plese contact me.
thanks

[poornamelessme]

IMO, you aren't understanding this word problem.

If BTC held per coin increases, then the dividend potential increases.  If 49.999 is used to buy up every coin but one.  Then you have 50 BTC behind 1 coin getting that dividend.  If you can double that 50 BTC and pay out a 50 BTC dividend, that one coin would receive it.  I'm not sure what is hard to understand about this.

Maybe you just don't understand what I'm communicating.  Is this any better?

Any coins they burned would not receive a dividend.  Any non-burned coins would have their dividend increased by the previous dividends of the burned coins.

For instance, if the dividend was 100 BTC a year (100% profit), each coin would receive (100/500,000 =) 0.0002 BTC a year.

If 25 BTC went into burning half the coins and the dividend was only 75 BTC (100% profit), each coin would receive (75/250,000 =) 0.0003 BTC a year.

If 49.999 BTC went into burning all but one of the coins and the dividend was only 50 BTC (100% profit), each coin would receive (50/1 =) 50 BTC a year.

Okay, I'm going to drop it. I understand the premise. I disagree with the idea it'd work out as you plan. Or maybe we are looking at things in a different way. I think we are using the word 'valuation' differently.

The point to buying/burning coins would to increase the coin valuation. When I say valuation, I mean what it goes for on an exchange, not the dividend.

Yes, in theory by burning coins, it increases the dividend per user. Personally I'd think 25 btc being basically thrown away is too great an amount of the total asset fund to do this with. Too risky, and even if the end result is a somewhat higher dividend, it's not worth it. Remember the dividend thing is just a tiny bonus, sort of like POS, but in btc instead of coin.

25 btc could instead buy new coin features, anonymity, decentralized marketplace, veribit systems, fancy wallets... lot of stuff. To me, that would increase valuation more than burning coins would. Again, valuation = what the coin sells for on the exchange, not the dividend.

[pseudonymdude]

IMO, you aren't understanding this word problem.

If BTC held per coin increases, then the dividend potential increases.  If 49.999 is used to buy up every coin but one.  Then you have 50 BTC behind 1 coin getting that dividend.  If you can double that 50 BTC and pay out a 50 BTC dividend, that one coin would receive it.  I'm not sure what is hard to understand about this.

Maybe you just don't understand what I'm communicating.  Is this any better?

Any coins they burned would not receive a dividend.  Any non-burned coins would have their dividend increased by the previous dividends of the burned coins.

For instance, if the dividend was 100 BTC a year (100% profit), each coin would receive (100/500,000 =) 0.0002 BTC a year.

If 25 BTC went into burning half the coins and the dividend was only 75 BTC (100% profit), each coin would receive (75/250,000 =) 0.0003 BTC a year.

If 49.999 BTC went into burning all but one of the coins and the dividend was only 50 BTC (100% profit), each coin would receive (50/1 =) 50 BTC a year.

Okay, I'm going to drop it. I understand the premise. I disagree with the idea it'd work out as you plan. Or maybe we are looking at things in a different way. I think we are using the word 'valuation' differently.

The point to buying/burning coins would to increase the coin valuation. When I say valuation, I mean what it goes for on an exchange, not the dividend.

Yes, in theory by burning coins, it increases the dividend per user. Personally I'd think 25 btc being basically thrown away is too great an amount of the total asset fund to do this with. Too risky, and even if the end result is a somewhat higher dividend, it's not worth it. Remember the dividend thing is just a tiny bonus, sort of like POS, but in btc instead of coin.

Yes.  My point was that it would increase the dividend, not necessarily the value of the coin, but if the dividend potential increases, so should the value of the coin.  Why else are you buying it?  Why does it matter if 25 BTC is thrown away when the BTC per coin rises?  That's all that matters.  Your coin previously was backed by .0002 BTC.  Now, it's backed by .0003 BTC.

Anyway, that was the word problem.  That burning coins increases the BTC each coin is backed with and therefore the dividend, not necessarily the price on exchanges; although, that would logically follow.

[macorcina]

Withdrawal Confirmed.
Withdrawal from polo work. i recive coins in 5 second in my wallet

Who said it does not work ?

[qiwoman2]

Withdrawal Confirmed.
Withdrawal from polo work. i recive coins in 5 second in my wallet

Who said it does not work ?

Correct, WD is working and wallets are staking. Also LINUX wallet is up.

We are later going to be paying outstanding bounties. I am sending a list to Busoni for Him to pay out via our bounty Fund in Escrow and also purchasing 2 more assets and trading to help build volume and buy pressure. There will be no burning of coins or phat walls going up. We wish to help foster a healthy trading and organic environment as opposed to just whacking up a wall for a mass dump. .

[poornamelessme]

Yes.  My point was that it would increase the dividend, not necessarily the value of the coin, but if the dividend potential increases, so should the value of the coin.  Why else are you buying it?  Why does it matter if 25 BTC is thrown away when the BTC per coin rises?  That's all that matters.  Your coin previously was backed by .0002 BTC.  Now, it's backed by .0003 BTC.

Anyway, that was the word problem.  That burning coins increases the BTC each coin is backed with and therefore the dividend, not necessarily the price on exchanges; although, that would logically follow.

Well, I view the dividend as a bonus. Not the main reason to buy the coin. The main reason to me is the devs have 100 btc to play with, and if we just said they'd use 20-30 btc on new coin features, that's probably more than any dev in the past has ever spent. Remember almost all previous ICOs involved devs who ran away with the funds or never spent much of the ICO money on the coin itself. Here they are mandated by Poloniex to do so, or they won't get the btc at all.

And yes, the prices on the exchanges would logically follow. But since when do people in crypto behave in a logical manner? Sometimes coins are burned, and the price of a coin actually decreases. That was my point.

What I'd expect to happen if they did buy half the coins and burned them is ... valuation would go up, but only a smallish amount, not by the same percentage we'd expect. Folks would rush to sell at this minor bump. And shortly thereafter the price would be exactly the same or less than it was when the burning occurred.

[macorcina]

Withdrawal Confirmed.
Withdrawal from polo work. i recive coins in 5 second in my wallet

Who said it does not work ?

Correct, WD is working and wallets are staking. Also LINUX wallet is up.

We are later going to be paying outstanding bounties. I am sending a list to Busoni for Him to pay out via our bounty Fund in Escrow and also purchasing 2 more assets and trading to help build volume and buy pressure. There will be no burning of coins or phat walls going up. We wish to help foster a healthy trading and organic environment as opposed to just whacking up a wall for a mass dump. .

i im withdrawal coins from polo to wallet. what then with outstanding bounties ?

[Conurtrol]

I support the dev team and their plans to use the ICO funds for investing in alt coins and projects. My only concern is the idea of taking a poll and deciding to implement "anon". It's not an easy undertaking and I don't think this coin needs it right now. Some brilliant people are working on it and will eventually open source it. Then it can be implemented easily into QBK.

[pseudonymdude]

Yes.  My point was that it would increase the dividend, not necessarily the value of the coin, but if the dividend potential increases, so should the value of the coin.  Why else are you buying it?  Why does it matter if 25 BTC is thrown away when the BTC per coin rises?  That's all that matters.  Your coin previously was backed by .0002 BTC.  Now, it's backed by .0003 BTC.

Anyway, that was the word problem.  That burning coins increases the BTC each coin is backed with and therefore the dividend, not necessarily the price on exchanges; although, that would logically follow.

Well, I view the dividend as a bonus. Not the main reason to buy the coin. The main reason to me is the devs have 100 btc to play with, and if we just said they'd use 20-30 btc on new coin features, that's probably more than any dev in the past has ever spent. Remember almost all previous ICOs involved devs who ran away with the funds or never spent much of the ICO money on the coin itself. Here they are mandated by Poloniex to do so, or they won't get the btc at all.

And yes, the prices on the exchanges would logically follow. But since when do people in crypto behave in a logical manner? Sometimes coins are burned, and the price of a coin actually decreases. That was my point.

What I'd expect to happen if they did buy half the coins and burned them is ... valuation would go up, but only a smallish amount, not by the same percentage we'd expect. Folks would rush to sell at this minor bump. And shortly thereafter the price would be exactly the same or less than it was when the burning occurred.

You didn't mention that before.  My understanding was that this was primarily a dividend coin to reward bagholders.  Finding someone who's creative enough to innovate well and competent enough to execute who would work for a low wage wouldn't be that easy, but maybe they could hire a mid-20s programmer who's between jobs or something.  I'm not sure that's the direction they're taking the coin though.

There are definitely coins that have had well over 100 BTC worth of work put into them, such as Blackcoin, especially if you include Blackhalo, possibly Reddcoin, and a number of the 1M+ marketcap coins.