Currently we have used the announcement thread for further discussion. We would be more than happy to continue the discussion about QRL in another thread if that is preferred.
The tokens are expected to be launched in August. In regards to escrow, the funds are being held in multisignature wallets which requires signatures from the founders. They have also made their information and contact available. If there are any other questions, we look forward to replying.
Topic: [ANN] QRL - Announcing the Quantum Resistant Ledger - page 82. (Read 186383 times)
It is interesting to hear the answer about the upcoming ICO. Why is there no normal topic on the forum? When is the output of tokens expected after ICO? What about escrow, which will return money to investors, if you still decide to cheat them? There are only 4 days to ICO. But no one heard the answers. 
The coins will be released in august according to the roadmap. But yes it would be nice to see some more activity and also a post in the altcoin announcement section. 
It is interesting to hear the answer about the upcoming ICO. Why is there no normal topic on the forum? When is the output of tokens expected after ICO? What about escrow, which will return money to investors, if you still decide to cheat them? There are only 4 days to ICO. But no one heard the answers.
There is no escrow right?
This is from their Presale terms, so I believe there is a sort of it (even though all the keys are held by the founding members..):
Quote
Bitcoin and Ethereum multi-signature addresses to be accepted for pre-sale funding deposits (2-of-3 m-of-n multisig with keys held separately by 3 different founding members of the QRL).
There is no escrow right?
Edit: No worries, I managed to find a link.
What are you expecting in terms of TPS and scalability for QRL?
The pre-sale has been running for 12 days now and we have reached $1.1M which is absolutely fantastic - congratulations to everyone who has taken part thus far. I think there is a good chance we will reach $2M by the end of the pre-sale/ICO period.
What has been interesting in actually using the bitcoin network for something other than simple cold storage is how user unfriendly it actually is. Numerous participants have dropped tx's due to inadequate fees related to maxed out blocks and the ludicrous 'fee market'. Either bitcoin developers wake up or it will continue to lose market share to other chains not deliberately hamstrung in this manner.
UPDATE:
We have let the testnet run a while longer but we have a major codebase upgrade for next week to alter transaction structure in such a manner that we can begin to build our Ephemeral messaging layer. It will also allow us to fix an extremely annoying bug where nodes which are sync'ing but send a stake tx are then unable to stake in the current epoch once fully sync'd because when they get there the hash terminator doesn't match the current epoch. Other changes include managing incoming transactions using a validation queue which is only processed at particular points in the POS cycle. The reason for this is that with our python test node during tx spam testing it was possible to spam nodes out of synchrony with other stake validators and potentially fork the network. Once we move to golang and out of an async implementation confined to a single thread this won't be a problem. I have also decided to strip out all the legacy MSS/OTS/LAMPORT signature code and keep just XMSS signatures for the securing the address space of the ledger. This allows our validation / statedb and wallet code to be simplified and optimised.
What is disappointing is that once we move to this latest branch it will require a complete chain reset as the changes are not backwards compatible. Hopefully one of the last.
I noticed
Typing my name into google reveals my identity in the first 2 results. Alternatively https://theqrl.org/presale and our team page lists all members of the team from a keybase ID. We are completely open about our identities and I certainly wouldn't participate in any form of crowdsale without access to that information.
Finally if you want an invite to the slack then PM with your email and I will drop you in.
Inca
What has been interesting in actually using the bitcoin network for something other than simple cold storage is how user unfriendly it actually is. Numerous participants have dropped tx's due to inadequate fees related to maxed out blocks and the ludicrous 'fee market'. Either bitcoin developers wake up or it will continue to lose market share to other chains not deliberately hamstrung in this manner.
UPDATE:
We have let the testnet run a while longer but we have a major codebase upgrade for next week to alter transaction structure in such a manner that we can begin to build our Ephemeral messaging layer. It will also allow us to fix an extremely annoying bug where nodes which are sync'ing but send a stake tx are then unable to stake in the current epoch once fully sync'd because when they get there the hash terminator doesn't match the current epoch. Other changes include managing incoming transactions using a validation queue which is only processed at particular points in the POS cycle. The reason for this is that with our python test node during tx spam testing it was possible to spam nodes out of synchrony with other stake validators and potentially fork the network. Once we move to golang and out of an async implementation confined to a single thread this won't be a problem. I have also decided to strip out all the legacy MSS/OTS/LAMPORT signature code and keep just XMSS signatures for the securing the address space of the ledger. This allows our validation / statedb and wallet code to be simplified and optimised.
What is disappointing is that once we move to this latest branch it will require a complete chain reset as the changes are not backwards compatible. Hopefully one of the last.
I noticed
Anybody know anything about the background of this lead dev "Peter Waterland"?
You'd think that with such a big innovation there'd be something, but there's absolutely nothing - not even a LinkedIn.
You'd think that with such a big innovation there'd be something, but there's absolutely nothing - not even a LinkedIn.
Typing my name into google reveals my identity in the first 2 results. Alternatively https://theqrl.org/presale and our team page lists all members of the team from a keybase ID. We are completely open about our identities and I certainly wouldn't participate in any form of crowdsale without access to that information.
Finally if you want an invite to the slack then PM with your email and I will drop you in.
Inca
30% bonus for the presale contributors is confirmed
Can the team confirm the 30% bonus for anyone investing before May 24th?
Please be aware that you'll only be getting 30% if the cap isn't reached before the 24th of may.
If for example a cap of 2 mil is reached, those investors will get 30% extra in comparison to the ones buying in after the 24th of may.
If 3.9 mil is reached, only the last 0.1 mil investors will get less. So basicly presale participants should hope on not reaching the cap of 4 mil before the 24th of may.
In my opinion it should be considered to close the sale if the 24th of may is reached and the Tier 2 cap of 2 mil is reached. This would mean not only presale investors will get double the amount of coins, but also the foundation. If the cap of 4 mil is reached, I can see this project start with a marketcap at coinmarketcap around 4 or 5 mil. If the cap of 2 mil is reached and there won't be an additional ico, I think the project will still start with a marketcap at coinmarketcap around 4 mil. This would mean the foundation will hold the same value ad they would when the ico continues till a 4 mil cap, but makes the coin/token much more scarce and I think it can grow much faster. As someone who missed the presale or ico, I'd rather step in a project with a llow cap set for primairy funding than a project with a high cap.
I'm having trouble understanding this ^^^
where do we get 'double the amount of coins'? I thought it was 30% extra
Can the team confirm the 30% bonus for anyone investing before May 24th?
Please be aware that you'll only be getting 30% if the cap isn't reached before the 24th of may.
If for example a cap of 2 mil is reached, those investors will get 30% extra in comparison to the ones buying in after the 24th of may.
If 3.9 mil is reached, only the last 0.1 mil investors will get less. So basicly presale participants should hope on not reaching the cap of 4 mil before the 24th of may.
In my opinion it should be considered to close the sale if the 24th of may is reached and the Tier 2 cap of 2 mil is reached. This would mean not only presale investors will get double the amount of coins, but also the foundation. If the cap of 4 mil is reached, I can see this project start with a marketcap at coinmarketcap around 4 or 5 mil. If the cap of 2 mil is reached and there won't be an additional ico, I think the project will still start with a marketcap at coinmarketcap around 4 mil. This would mean the foundation will hold the same value ad they would when the ico continues till a 4 mil cap, but makes the coin/token much more scarce and I think it can grow much faster. As someone who missed the presale or ico, I'd rather step in a project with a llow cap set for primairy funding than a project with a high cap.
Can the team confirm the 30% bonus for anyone investing before May 24th?
Hi guys.
Update:
- blockchain explorer API complete.
- units now accurate down to smallest denomination
- block reward implemented and accurate down to smallest denomination (tricky with python, floating point math inaccurate across OSes, had to use decimal.Decimal)
- started to implement some network latency measurements.
- begun packaging the node as separate binaries in preparation for a testnet release.
Upcoming:
- blockchain explorer to be made public shortly.
- Transition to alpha POS block selection algorithm over next month.
I will be looking for one or more early alpha testers of the test node in the next week or so. Anyone interested in being a Hal Finney please pm me (you will receive a % of the ICO as a reward).
Update:
- blockchain explorer API complete.
- units now accurate down to smallest denomination
- block reward implemented and accurate down to smallest denomination (tricky with python, floating point math inaccurate across OSes, had to use decimal.Decimal)
- started to implement some network latency measurements.
- begun packaging the node as separate binaries in preparation for a testnet release.
Upcoming:
- blockchain explorer to be made public shortly.
- Transition to alpha POS block selection algorithm over next month.
I will be looking for one or more early alpha testers of the test node in the next week or so. Anyone interested in being a Hal Finney please pm me (you will receive a % of the ICO as a reward).
So to elaborate, there's no way to test the resistance against anything quantum computing capable, due to technology not being there yet? So as of right now, this quantum resistance is theoretical if I read that correctly?
can we get a bit more info on the presale? I got the email but am not quite sure. how will coins be distributed and how many qrl you get for 1 btc? is it fixed?
Quote
Initial distribution will be 65 million coins (quanta).
From this it doesnt look fixed, but it includes the presale and the (possibly) following ICO, so I dont think you will know the price untill the ICO ends. dev, is there an auto slack invite available? I participated in the pre sale.
Thanks for taking part! :-)
PM me your email and I will invite you to the slack today.
Kindest regards,
Inca
EDIT:
We are tantalisingly close to raising $1M USD in our seed funding round. Thanks to the nearly 300 people who have participated.
To those who wish to join in the pre sale which runs until 24th of May simply register on the site (https://theqrl.org) and you will be invited to join us.
you will clearly need some more marketing. are you planning a bounty program?
I'll add more questions ..
When will the tokens be distributed among investors and when QRL tokens will go to exchanges after pre-sale?
When will the tokens be distributed among investors and when QRL tokens will go to exchanges after pre-sale?
can we get a bit more info on the presale? I got the email but am not quite sure. how will coins be distributed and how many qrl you get for 1 btc? is it fixed?
Anybody know anything about the background of this lead dev "Peter Waterland"?
You'd think that with such a big innovation there'd be something, but there's absolutely nothing - not even a LinkedIn.
You'd think that with such a big innovation there'd be something, but there's absolutely nothing - not even a LinkedIn.
Typing my name into google reveals my identity in the first 2 results. Alternatively https://theqrl.org/presale and our team page lists all members of the team from a keybase ID. We are completely open about our identities and I certainly wouldn't participate in any form of crowdsale without access to that information.
Finally if you want an invite to the slack then PM with your email and I will drop you in.
Inca
lol I found this project just through some semi-deep searching and I immediately felt the gut feeling that has gotten me and friends so many successful picks in terms of alt-coins. That, coupled with the transparency and quick reply from Peter makes me 100% certain I'm gonna bet on this one. This particular concept for blockchain application seems to have no competition currently and therefore first to market (which judging by presale it will successfully hit market).
Just because a dev is transparent does not mean a project will be financially successful (which denotes success of the project ideally, because in capitalism the value will increase with its utility) but you add everything up, most important of all that feeling in your gut, and I really think we have a winner here. one of the next to be 'known' by the bigger community like ether and bitcoin.
eth after all was just another stupid alt coin to many people...many fools I should say!
I'm getting the same vibe with QRL that I had when I first bought ETH at like $6....now if I had only put all my money into ETH
Jump to: