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

[qiwoman2]

BAGHOLDER BONUS VOTE IS UP..PLEASE PARTICIPATE..   

[AdamWhite]

BAGHOLDER BONUS VOTE IS UP..PLEASE PARTICIPATE..   

Trying to vote, it's not allowing me.. possibly because i voted in the previous poll?

[poornamelessme]

BAGHOLDER BONUS VOTE IS UP..PLEASE PARTICIPATE..   

Suggest clarifying the poll a little bit, so folks know the 3rd option still has payouts in btc/qbk. And first option has no cap at all on megawhales.

[poornamelessme]

Good idea.. Well whales will have to register in Bagholder area with only one address to be paid and yes exchanges earn from the trades so makes sense. Let's put the vote up and see what happens..

Yeah, but what I was saying is... say MegaWhale has 15% of the entire supply... he's a big fat whale.

He then breaks up that 15% into three wallets of 5% each. He registers on your dividend signup page as three different people, at 5% each, and wants payment to three different btc wallets.

What's to stop him or an exchange from doing so?

[qiwoman2]

Good idea.. Well whales will have to register in Bagholder area with only one address to be paid and yes exchanges earn from the trades so makes sense. Let's put the vote up and see what happens..

Yeah, but what I was saying is... say MegaWhale has 15% of the entire supply... he's a big fat whale.

He then breaks up that 15% into three wallets of 5% each. He registers on your dividend signup page as three different people, at 5% each, and wants payment to three different btc wallets.

What's to stop him or an exchange from doing so?

Whales will have to be verified at least..we will sort something out for the bigger holders..

[AdamWhite]

Good idea.. Well whales will have to register in Bagholder area with only one address to be paid and yes exchanges earn from the trades so makes sense. Let's put the vote up and see what happens..

Yeah, but what I was saying is... say MegaWhale has 15% of the entire supply... he's a big fat whale.

He then breaks up that 15% into three wallets of 5% each. He registers on your dividend signup page as three different people, at 5% each, and wants payment to three different btc wallets.

What's to stop him or an exchange from doing so?

I don't see why we should discriminate against mega whales. If someone wants that many coins why should they be penalised? They had to buy them, right? So mega whales should also get the fair reward..

[Checkpoints]

QBK is looking really good good job with the coin everyone in the team!

P.S: I can't figure out how to vote :p

[poornamelessme]

I don't see why we should discriminate against mega whales. If someone wants that many coins why should they be penalised? They had to buy them, right? So mega whales should also get the fair reward..

Well... on one hand, you are right. They bought the coins, so they should get a fair reward.

But, how do we differentiate between an exchange or megawhale? An exchange could just break off a chunk of their holdings and claim they are a regular investor, wanting their 15% of total rewards.

It'd also benefit the coin more if there were less megawhales too, as generally you don't want one person holding too many coins. They become a sword hanging over everyone's heads.

[armin22]

It'd also benefit the coin more if there were less megawhales too, as generally you don't want one person holding too many coins. They become a sword hanging over everyone's heads.

+1

[qiwoman2]

Good idea.. Well whales will have to register in Bagholder area with only one address to be paid and yes exchanges earn from the trades so makes sense. Let's put the vote up and see what happens..

Yeah, but what I was saying is... say MegaWhale has 15% of the entire supply... he's a big fat whale.

He then breaks up that 15% into three wallets of 5% each. He registers on your dividend signup page as three different people, at 5% each, and wants payment to three different btc wallets.

What's to stop him or an exchange from doing so?

I don't see why we should discriminate against mega whales. If someone wants that many coins why should they be penalised? They had to buy them, right? So mega whales should also get the fair reward..

We have a founders club opening for founder members with 10k and above coins to get extra perks so they can benefit that way also. This is why we have 3 types of options..Trying to please everyone with a choice from the feed back we have. I also purchased 26k coins so I would also be in that whale group but I voted to give bit more distribution to those with less coins.

POLL IS OPEN FOR ONE WEEK WHILE WE GET THE MEMBERS AREAS OPEN.

[AdamWhite]

I don't see why we should discriminate against mega whales. If someone wants that many coins why should they be penalised? They had to buy them, right? So mega whales should also get the fair reward..

Well... on one hand, you are right. They bought the coins, so they should get a fair reward.

But, how do we differentiate between an exchange or megawhale? An exchange could just break off a chunk of their holdings and claim they are a regular investor, wanting their 15% of total rewards.

It'd also benefit the coin more if there were less megawhales too, as generally you don't want one person holding too many coins. They become a sword hanging over everyone's heads.

You are absolutely right on both points.. however as you say there's no real way to stop anyone from splitting up the coins. So may as well keep it percentage based across the board.

[qiwoman2]

I don't see why we should discriminate against mega whales. If someone wants that many coins why should they be penalised? They had to buy them, right? So mega whales should also get the fair reward..

Well... on one hand, you are right. They bought the coins, so they should get a fair reward.

But, how do we differentiate between an exchange or megawhale? An exchange could just break off a chunk of their holdings and claim they are a regular investor, wanting their 15% of total rewards.

It'd also benefit the coin more if there were less megawhales too, as generally you don't want one person holding too many coins. They become a sword hanging over everyone's heads.

You are absolutely right on both points.. however as you say there's no real way to stop anyone from splitting up the coins. So may as well keep it percentage based across the board.

Logistically it's so much easier for us to do it percentage based but that is just my point of view as a Team member, our time would be better spent on growing the coin and making revenues.

[poornamelessme]

You are absolutely right on both points.. however as you say there's no real way to stop anyone from splitting up the coins. So may as well keep it percentage based across the board.

As a general policy though, I think it's a good idea for the cap. Not everyone is evil, so many may stick to the rules. The devs can also use blockchain analysis and other things to sort of semi-enforce the cap, or at least do so as best they can.

So long as the cap is announced once the dividend thing is set up, it's also not unfair to anyone. There are no huge megawhales right now besides Poloniex (at least based on looking at the rich list currently), so if anyone out there decided to buy up 10-20% of the coins, they'd know the rule beforehand. It'd only be unfair if someone bought up a huge amount of coins expecting full payments.

I'll also add, under the initial ICO rules, a megawhale would only get 1 max share, regardless of number of coins held. So I can't see anyone complaining about a cap, as it's still more than they would have gotten using the old rules.

[qiwoman2]

RANDOM POLO TROLLBOX GIVEAWAY AT DIFFERENT TIMES OF THE DAY..
I am off for couple hours so if you are on later and see me.You might just get a little bag..

[qiwoman2]

You are absolutely right on both points.. however as you say there's no real way to stop anyone from splitting up the coins. So may as well keep it percentage based across the board.

As a general policy though, I think it's a good idea for the cap. Not everyone is evil, so many may stick to the rules. The devs can also use blockchain analysis and other things to sort of semi-enforce the cap, or at least do so as best they can.

So long as the cap is announced once the dividend thing is set up, it's also not unfair to anyone. There are no huge megawhales right now besides Poloniex (at least based on looking at the rich list currently), so if anyone out there decided to buy up 10-20% of the coins, they'd know the rule beforehand. It'd only be unfair if someone bought up a huge amount of coins expecting full payments.

I'll also add, under the initial ICO rules, a megawhale would only get 1 max share, regardless of number of coins held. So I can't see anyone complaining about a cap, as it's still more than they would have gotten using the old rules.

Nice input and ideas, thank you..This is what e encourage in our Community..

[rokkyroad]

Our rich list is looking interesting..  

http://crypto2.net/qibuck/wealthiest.php

  The #1 address has got to be Poloniex.    

Yeah, it must be.

I'm more interested in that top 12 list. No wonder that idea of a founder's club was thrown out there. I do agree that the dev team should really look to create an incentive for those coin holders to, well... hold. It's like the top 12 addresses own 40% of the coin. And I'm not including Poloniex. That top 12 may not even be 12 people, as I expect some have split their wallets.

A couple of payout/dividend questions:

How will confirming coins be determined? By the blockchain, or wallet when signing up? Do people need to hold for that entire month to get payouts, or just own those coins when actually signing up?

FOUNDER MEMBERS will need to have 10k staking in their wallets all the time in order to receive the EXTRA PERKS and remain founders..This way it means we are rewarding those who are helping us stabilize the price and take off more QBK from the exchanges.

Normal Bagholding members will need to have as much as they can in their wallets on MONTHLY AUDIT DATE once we announce in advance the AUDIT DATE and have it there for 7 days as payouts will be done within a 7 day period. After that they have more liquidity to trade again.

As the block explorer shows wallets split up although some wallets hold all the coin, for example I have all of mine in one wallet but on the rich list it shows it split up, we will just ask members to send us their wallet addies in member's area and do a little thing in the debug window, very easy just to check if they have their monies split in more than one wallet on blockchain. We are thinking of adopting the percentage based payouts in a choice of QBK OR BTC as it will be a fairer system and a payment cap on the Exchange so that more is payed out to Bagholder populations. As most members despise the verification process, paying via the percentage system for Bagholders with 100 QBK or over is the fairest way to distribute the revenues. We will from the bounties and giveaways funds have incentives also for EVERYONE, small holders and large so everyone will benefit form even more goodies than just their monthly dividends and staking income. Naturally the FOUNDERS eill get their extra freebie perks every 90 days they remain a FOUNDER for helping QBK grow in stability and price because this in turn BENEFITS ALL HOLDERS, These extra gifts will NOT BE TAKEN FORM THE 50% BAGHOLDER POOL but form the BOUNTIES and GIVESAWAY pool. We will have both QIBUCK BAHOLDER AND QIBUCK FOUNDER membership areas open within the next few days. We will still have the card later down the line as an extra option but because we would have to order 500 upfront at a small discount we will just hold that off for now till we have more demand for it, say at least 200 Bagholders wanting it. , Otherwise we may just pay the full price for a card but we won't be generating extra revenues for that if we don't order 500 in one scoop. At the moment our time is better spent developing the coin, JV ventures, mining, trading and Investing to kickstart revenues.   Today one of our Team Members has already made a request to rent rigs to mine a very stable coin.

Please give us any decent feedback on this thank you.  
PLEASE LET US KNOW IF YOU STILL PREFER POOL BASED OR PERCENTAGE BASE SO WE CAN REFLECT THIS ON THE OP..

What do we have here?  This is new. The FOUNDER'S Club.

One for me .... one for you. Two for me .... one for you. Three for me .... one for you...

This keeps getting better and better. I have to give credit for the transparency though.

[naidledoes]

I can ever figure out how to vote...

[poornamelessme]

What do we have here?  This is new. The FOUNDER'S Club.

One for me .... one for you. Two for me .... one for you. Three for me .... one for you...

This keeps getting better and better. I have to give credit for the transparency though.

The founder's club benefits will come out of the bounties/giveaway pool, not payouts. Although the name sort of implies it's special goodies for the developers, it's  meant for those who hold 10K or more coin... so regular investors are included too.

It's not a bad idea really. Besides the fact we'd want big holders to hold, it may help get around the issue of some folks selling after signing up for payouts and doing the wallet check ... and buying back in right before. Keeps things more stable.

And smaller investors should get some goodies too, at least based on what was stated:

We will from the bounties and giveaways funds have incentives also for EVERYONE, small holders and large so everyone will benefit form even more goodies than just their monthly dividends and staking income.

[BITDV]

cant vote for some reason here!!

[qiwoman2]

What do we have here?  This is new. The FOUNDER'S Club.

One for me .... one for you. Two for me .... one for you. Three for me .... one for you...

This keeps getting better and better. I have to give credit for the transparency though.

The founder's club benefits will come out of the bounties/giveaway pool, not payouts. Although the name sort of implies it's special goodies for the developers, it's  meant for those who hold 10K or more coin... so regular investors are included too.

It's not a bad idea really. Besides the fact we'd want big holders to hold, it may help get around the issue of some folks selling after signing up for payouts and doing the wallet check ... and buying back in right before. Keeps things more stable.

And smaller investors should get some goodies too, at least based on what was stated:

We will from the bounties and giveaways funds have incentives also for EVERYONE, small holders and large so everyone will benefit form even more goodies than just their monthly dividends and staking income.

Just to make a point here not all the QBK Team own 10k or more coins at present. We all had to purchase coins in the ICO or after with our own funds, save for the 0.5 btc we earned given to us by the 2 Angels for one months prep work. Other than that we have had to use our own personal savings to buy up our own coins. We didn't use any of the ICO fund or the 500k Premine for ourselves. Just want to make that point for new comers in case they never read the ANN correctly.  

Oh just say say from my trading to grow our stable fund we are up 40% also so there is some profit already being generated for our Bagholders.