Topic: [ANN] (QTUM) - A Scalable Smart Contract Platform w/ Proof of Stake - page 140. (Read 525459 times)
June 06, 2017, 08:02:11 PM
How is Qtum selling for $11.50 a piece? They raised around $40-$50 mil from the total btc and ether. With a total supply of 100mil tokens, that would mean a marketcap of 1.15 billion... Am I not seeing something?
June 05, 2017, 04:11:38 PM
Just to let you guys know, I read this thread at least once a day in keeping up with the latest. Please PM me if there's something nefarious afoot that I should be made aware of.
Thanks, guys.
Thanks, guys.
June 05, 2017, 09:21:04 AM
Qtum, will probably replace ethereum because it is simpler and has fewer problems.
The UXTO model is much cleaner. They have a lot of previous developers and have already
done two previous coins and are the best team I have seen so far.
...
All coins going forward will be on the UXTO model and it is best practice for blockchain.
Moving turing complete smart contracts off of accounts model
and onto UXTO is extremely important and that is what qtum appears to be doing.
...
At the start, it will be equivalent to ethereum in terms of being
able to run the Ethereum Virtual Machine (EVM) on top of qtum with UXTO.
Then they will do a native language.
...
Jaxx and Agrello ...They have already understood it
Ethererum will be drained into qtum
For this qtum to 12$ is still undervalued and very cheap
The UXTO model is much cleaner. They have a lot of previous developers and have already
done two previous coins and are the best team I have seen so far.
...
All coins going forward will be on the UXTO model and it is best practice for blockchain.
Moving turing complete smart contracts off of accounts model
and onto UXTO is extremely important and that is what qtum appears to be doing.
...
At the start, it will be equivalent to ethereum in terms of being
able to run the Ethereum Virtual Machine (EVM) on top of qtum with UXTO.
Then they will do a native language.
...
Jaxx and Agrello ...They have already understood it
Ethererum will be drained into qtum
For this qtum to 12$ is still undervalued and very cheap
June 05, 2017, 06:18:52 AM
June 05, 2017, 06:17:34 AM
The announcement doesn't mean anything. All it says is the foundation side of the business is hiring accountants and lawyers to pretend they are a clean business.
Most of the people on this thread are too stupid to distinguish between the foundation side and the business side of crypto projects. YOU NOTICE HOW THEY ONLY MENTIONED THAT THE "QTUM FOUNDATION" will do these great transparency things. Well, that doesn't mean anything- the "foundation" is always a separate entity. Most crypto projects today have a foundation structure and a separate corporate structure.
And it doesn't give me faith that they'll hire auditors- if Enron could hire auditors...it's much easier to hire crooked auditors and lawyers in China- but that doesn't even matter- since they're only going to be transparent with their "foundation" and not the corporation.
This is most likely another tactic designed to pump the price a little longer on their crooked Chinese exchanges. FACTS Remain:
-Founder is a crook
-This is their first major project- no track record of success
-No working product, not even an alpha on a testnet
-$1.5 billion valuation on vaperware cuz "China is a huge market"...lolol...lots of huge markets and countries out there...China is the easiest buzzword to use to rip people off and pump the price.
Just look at all the other good crypto projects out there with much better teams and track records with good product actually released with lots of users worth <$250 million and this crap is worth $1.5 billion with no product, no reputable team?
? Looks like a Chinese scam with his buddies on the exchanges involved in pumping the price.
Most of the people on this thread are too stupid to distinguish between the foundation side and the business side of crypto projects. YOU NOTICE HOW THEY ONLY MENTIONED THAT THE "QTUM FOUNDATION" will do these great transparency things. Well, that doesn't mean anything- the "foundation" is always a separate entity. Most crypto projects today have a foundation structure and a separate corporate structure.
And it doesn't give me faith that they'll hire auditors- if Enron could hire auditors...it's much easier to hire crooked auditors and lawyers in China- but that doesn't even matter- since they're only going to be transparent with their "foundation" and not the corporation.
This is most likely another tactic designed to pump the price a little longer on their crooked Chinese exchanges. FACTS Remain:
-Founder is a crook
-This is their first major project- no track record of success
-No working product, not even an alpha on a testnet
-$1.5 billion valuation on vaperware cuz "China is a huge market"...lolol...lots of huge markets and countries out there...China is the easiest buzzword to use to rip people off and pump the price.
Just look at all the other good crypto projects out there with much better teams and track records with good product actually released with lots of users worth <$250 million and this crap is worth $1.5 billion with no product, no reputable team?
? Looks like a Chinese scam with his buddies on the exchanges involved in pumping the price.also no one care about your fuds here.
people brought Ethereum and Qtum because they believe in the Value.
please do more research， and come back again.
you have no idea what Ethereum is doing
and what Qtum is doing...
June 05, 2017, 06:15:54 AM
Qtum will find it's unique Value later.
June 05, 2017, 06:15:31 AM
The announcement doesn't mean anything. All it says is the foundation side of the business is hiring accountants and lawyers to pretend they are a clean business.
Most of the people on this thread are too stupid to distinguish between the foundation side and the business side of crypto projects. YOU NOTICE HOW THEY ONLY MENTIONED THAT THE "QTUM FOUNDATION" will do these great transparency things. Well, that doesn't mean anything- the "foundation" is always a separate entity. Most crypto projects today have a foundation structure and a separate corporate structure.
And it doesn't give me faith that they'll hire auditors- if Enron could hire auditors...it's much easier to hire crooked auditors and lawyers in China- but that doesn't even matter- since they're only going to be transparent with their "foundation" and not the corporation.
This is most likely another tactic designed to pump the price a little longer on their crooked Chinese exchanges. FACTS Remain:
-Founder is a crook
-This is their first major project- no track record of success
-No working product, not even an alpha on a testnet
-$1.5 billion valuation on vaperware cuz "China is a huge market"...lolol...lots of huge markets and countries out there...China is the easiest buzzword to use to rip people off and pump the price.
Just look at all the other good crypto projects out there with much better teams and track records with good product actually released with lots of users worth <$250 million and this crap is worth $1.5 billion with no product, no reputable team?? Looks like a Chinese scam with his buddies on the exchanges involved in pumping the price.
Most of the people on this thread are too stupid to distinguish between the foundation side and the business side of crypto projects. YOU NOTICE HOW THEY ONLY MENTIONED THAT THE "QTUM FOUNDATION" will do these great transparency things. Well, that doesn't mean anything- the "foundation" is always a separate entity. Most crypto projects today have a foundation structure and a separate corporate structure.
And it doesn't give me faith that they'll hire auditors- if Enron could hire auditors...it's much easier to hire crooked auditors and lawyers in China- but that doesn't even matter- since they're only going to be transparent with their "foundation" and not the corporation.
This is most likely another tactic designed to pump the price a little longer on their crooked Chinese exchanges. FACTS Remain:
-Founder is a crook
-This is their first major project- no track record of success
-No working product, not even an alpha on a testnet
-$1.5 billion valuation on vaperware cuz "China is a huge market"...lolol...lots of huge markets and countries out there...China is the easiest buzzword to use to rip people off and pump the price.
Just look at all the other good crypto projects out there with much better teams and track records with good product actually released with lots of users worth <$250 million and this crap is worth $1.5 billion with no product, no reputable team?
? Looks like a Chinese scam with his buddies on the exchanges involved in pumping the price.you will realize you are wrong later.
June 05, 2017, 05:52:58 AM
The announcement doesn't mean anything. All it says is the foundation side of the business is hiring accountants and lawyers to pretend they are a clean business.
Most of the people on this thread are too stupid to distinguish between the foundation side and the business side of crypto projects. YOU NOTICE HOW THEY ONLY MENTIONED THAT THE "QTUM FOUNDATION" will do these great transparency things. Well, that doesn't mean anything- the "foundation" is always a separate entity. Most crypto projects today have a foundation structure and a separate corporate structure.
And it doesn't give me faith that they'll hire auditors- if Enron could hire auditors...it's much easier to hire crooked auditors and lawyers in China- but that doesn't even matter- since they're only going to be transparent with their "foundation" and not the corporation.
This is most likely another tactic designed to pump the price a little longer on their crooked Chinese exchanges. FACTS Remain:
-Founder is a crook
-This is their first major project- no track record of success
-No working product, not even an alpha on a testnet
-$1.5 billion valuation on vaperware cuz "China is a huge market"...lolol...lots of huge markets and countries out there...China is the easiest buzzword to use to rip people off and pump the price.
Just look at all the other good crypto projects out there with much better teams and track records with good product actually released with lots of users worth <$250 million and this crap is worth $1.5 billion with no product, no reputable team?? Looks like a Chinese scam with his buddies on the exchanges involved in pumping the price.
Most of the people on this thread are too stupid to distinguish between the foundation side and the business side of crypto projects. YOU NOTICE HOW THEY ONLY MENTIONED THAT THE "QTUM FOUNDATION" will do these great transparency things. Well, that doesn't mean anything- the "foundation" is always a separate entity. Most crypto projects today have a foundation structure and a separate corporate structure.
And it doesn't give me faith that they'll hire auditors- if Enron could hire auditors...it's much easier to hire crooked auditors and lawyers in China- but that doesn't even matter- since they're only going to be transparent with their "foundation" and not the corporation.
This is most likely another tactic designed to pump the price a little longer on their crooked Chinese exchanges. FACTS Remain:
-Founder is a crook
-This is their first major project- no track record of success
-No working product, not even an alpha on a testnet
-$1.5 billion valuation on vaperware cuz "China is a huge market"...lolol...lots of huge markets and countries out there...China is the easiest buzzword to use to rip people off and pump the price.
Just look at all the other good crypto projects out there with much better teams and track records with good product actually released with lots of users worth <$250 million and this crap is worth $1.5 billion with no product, no reputable team?
? Looks like a Chinese scam with his buddies on the exchanges involved in pumping the price. June 05, 2017, 05:11:49 AM
Update:
To increase the transparency of the Qtum Foundation, we will release monthly expenditure reports containing the total for staff salaries, operational expenses, marketing expenses and other costs. Additionally, the Foundation will list the total assets that it holds including Bitcoin, Ethereum, Fiat, and Qtum Tokens.
The Qtum Foundation will also seek complementary services to aid our efforts in transparency and professionalism with a professional auditing firm, legal team and a professional digital asset management solution for the Foundation. We hope this will help promote the healthy development of the Qtum Project and serve as a model for other projects.
The content that will be made public to the community:
Qtum Foundation obtains digital and traditional assets, which include: bitcoins, ethereum, and other digital assets such as Qtum tokens, as well as, legal tender in the form of USD and RMB.
Qtum will release monthly spending reports, including employee compensation, operating costs, marketing costs and other expenses
The way the Foundation will govern:
Qtum will make this information public on the Qtum website www.qtum.org, and the reports will later be verified by a third party.
The release date of this information:
Qtum will release this information on the first working day of each month
Qtum digital asset security management plan:
Qtum will hire a professional digital asset management service provider to provide financial management services. (Multi-Signature Wallet's private key which is controlled by multiple parties, which will likely include but isn’t limited to Qtum co-founders, Qtum community member representative, professional hardware wallet service provider, professional digital asset management services company, professional trust company, professional law firm, and an auditing firm)
Professional auditors will provide auditing and reporting services at a later date
Regulatory advice will be provided by a professional law firm(s)
-Qtum Foundation
June 1, 2017
To increase the transparency of the Qtum Foundation, we will release monthly expenditure reports containing the total for staff salaries, operational expenses, marketing expenses and other costs. Additionally, the Foundation will list the total assets that it holds including Bitcoin, Ethereum, Fiat, and Qtum Tokens.
The Qtum Foundation will also seek complementary services to aid our efforts in transparency and professionalism with a professional auditing firm, legal team and a professional digital asset management solution for the Foundation. We hope this will help promote the healthy development of the Qtum Project and serve as a model for other projects.
The content that will be made public to the community:
Qtum Foundation obtains digital and traditional assets, which include: bitcoins, ethereum, and other digital assets such as Qtum tokens, as well as, legal tender in the form of USD and RMB.
Qtum will release monthly spending reports, including employee compensation, operating costs, marketing costs and other expenses
The way the Foundation will govern:
Qtum will make this information public on the Qtum website www.qtum.org, and the reports will later be verified by a third party.
The release date of this information:
Qtum will release this information on the first working day of each month
Qtum digital asset security management plan:
Qtum will hire a professional digital asset management service provider to provide financial management services. (Multi-Signature Wallet's private key which is controlled by multiple parties, which will likely include but isn’t limited to Qtum co-founders, Qtum community member representative, professional hardware wallet service provider, professional digital asset management services company, professional trust company, professional law firm, and an auditing firm)
Professional auditors will provide auditing and reporting services at a later date
Regulatory advice will be provided by a professional law firm(s)
-Qtum Foundation
June 1, 2017
This really fuckin sucks! If only half of the above was presented at the onset or sometime thereafter I wouldn't have been such a pompous ass on this thread. Hey, maybe that was the plan all along - Qtum ruining my cred.
Seriously, guys, applauds for the above (quote). This is not satire!
Bruno
Wow. Patrick Dai must have sent Gleb a nice Cache of Qtum for hush money.
Or maybe he realised he was being an idiot and that qtum is a huge, legit project! I really hope that the Chinese embrace it and it becomes the eth of Asia. I'm an ICO investor and I won't be selling until the price hits $150. This is the most promising project out.
June 05, 2017, 01:30:03 AM
Ouch that hurt, but still Qtum investors will have to wait for the main net to launch and trade, if Dai really throws some hash on Gleb better share the hash. kidding aside it wont go to the moon and beyond instantly.
How long to wait for that to happen, it's been a long time to wait for that to happen, to make it look fun at launch on the exchange ... June 05, 2017, 01:28:18 AM
interesting project. watching...
June 05, 2017, 01:21:15 AM
Ouch that hurt, but still Qtum investors will have to wait for the main net to launch and trade, if Dai really throws some hash on Gleb better share the hash. kidding aside it wont go to the moon and beyond instantly.
June 05, 2017, 12:47:56 AM
This really fuckin sucks! If only half of the above was presented at the onset or sometime thereafter I wouldn't have been such a pompous ass on this thread. Hey, maybe that was the plan all along - Qtum ruining my cred.
Seriously, guys, applauds for the above (quote). This is not satire!
Bruno
You didn't have any credibility to begin with anyway so you don't have to worry about that.
June 04, 2017, 11:50:36 PM
Update:
To increase the transparency of the Qtum Foundation, we will release monthly expenditure reports containing the total for staff salaries, operational expenses, marketing expenses and other costs. Additionally, the Foundation will list the total assets that it holds including Bitcoin, Ethereum, Fiat, and Qtum Tokens.
The Qtum Foundation will also seek complementary services to aid our efforts in transparency and professionalism with a professional auditing firm, legal team and a professional digital asset management solution for the Foundation. We hope this will help promote the healthy development of the Qtum Project and serve as a model for other projects.
The content that will be made public to the community:
Qtum Foundation obtains digital and traditional assets, which include: bitcoins, ethereum, and other digital assets such as Qtum tokens, as well as, legal tender in the form of USD and RMB.
Qtum will release monthly spending reports, including employee compensation, operating costs, marketing costs and other expenses
The way the Foundation will govern:
Qtum will make this information public on the Qtum website www.qtum.org, and the reports will later be verified by a third party.
The release date of this information:
Qtum will release this information on the first working day of each month
Qtum digital asset security management plan:
Qtum will hire a professional digital asset management service provider to provide financial management services. (Multi-Signature Wallet's private key which is controlled by multiple parties, which will likely include but isn’t limited to Qtum co-founders, Qtum community member representative, professional hardware wallet service provider, professional digital asset management services company, professional trust company, professional law firm, and an auditing firm)
Professional auditors will provide auditing and reporting services at a later date
Regulatory advice will be provided by a professional law firm(s)
-Qtum Foundation
June 1, 2017
To increase the transparency of the Qtum Foundation, we will release monthly expenditure reports containing the total for staff salaries, operational expenses, marketing expenses and other costs. Additionally, the Foundation will list the total assets that it holds including Bitcoin, Ethereum, Fiat, and Qtum Tokens.
The Qtum Foundation will also seek complementary services to aid our efforts in transparency and professionalism with a professional auditing firm, legal team and a professional digital asset management solution for the Foundation. We hope this will help promote the healthy development of the Qtum Project and serve as a model for other projects.
The content that will be made public to the community:
Qtum Foundation obtains digital and traditional assets, which include: bitcoins, ethereum, and other digital assets such as Qtum tokens, as well as, legal tender in the form of USD and RMB.
Qtum will release monthly spending reports, including employee compensation, operating costs, marketing costs and other expenses
The way the Foundation will govern:
Qtum will make this information public on the Qtum website www.qtum.org, and the reports will later be verified by a third party.
The release date of this information:
Qtum will release this information on the first working day of each month
Qtum digital asset security management plan:
Qtum will hire a professional digital asset management service provider to provide financial management services. (Multi-Signature Wallet's private key which is controlled by multiple parties, which will likely include but isn’t limited to Qtum co-founders, Qtum community member representative, professional hardware wallet service provider, professional digital asset management services company, professional trust company, professional law firm, and an auditing firm)
Professional auditors will provide auditing and reporting services at a later date
Regulatory advice will be provided by a professional law firm(s)
-Qtum Foundation
June 1, 2017
This really fuckin sucks! If only half of the above was presented at the onset or sometime thereafter I wouldn't have been such a pompous ass on this thread. Hey, maybe that was the plan all along - Qtum ruining my cred.
Seriously, guys, applauds for the above (quote). This is not satire!
Bruno
Wow. Patrick Dai must have sent Gleb a nice Cache of Qtum for hush money.
June 04, 2017, 09:53:19 PM
Update:
To increase the transparency of the Qtum Foundation, we will release monthly expenditure reports containing the total for staff salaries, operational expenses, marketing expenses and other costs. Additionally, the Foundation will list the total assets that it holds including Bitcoin, Ethereum, Fiat, and Qtum Tokens.
The Qtum Foundation will also seek complementary services to aid our efforts in transparency and professionalism with a professional auditing firm, legal team and a professional digital asset management solution for the Foundation. We hope this will help promote the healthy development of the Qtum Project and serve as a model for other projects.
The content that will be made public to the community:
Qtum Foundation obtains digital and traditional assets, which include: bitcoins, ethereum, and other digital assets such as Qtum tokens, as well as, legal tender in the form of USD and RMB.
Qtum will release monthly spending reports, including employee compensation, operating costs, marketing costs and other expenses
The way the Foundation will govern:
Qtum will make this information public on the Qtum website www.qtum.org, and the reports will later be verified by a third party.
The release date of this information:
Qtum will release this information on the first working day of each month
Qtum digital asset security management plan:
Qtum will hire a professional digital asset management service provider to provide financial management services. (Multi-Signature Wallet's private key which is controlled by multiple parties, which will likely include but isn’t limited to Qtum co-founders, Qtum community member representative, professional hardware wallet service provider, professional digital asset management services company, professional trust company, professional law firm, and an auditing firm)
Professional auditors will provide auditing and reporting services at a later date
Regulatory advice will be provided by a professional law firm(s)
-Qtum Foundation
June 1, 2017
To increase the transparency of the Qtum Foundation, we will release monthly expenditure reports containing the total for staff salaries, operational expenses, marketing expenses and other costs. Additionally, the Foundation will list the total assets that it holds including Bitcoin, Ethereum, Fiat, and Qtum Tokens.
The Qtum Foundation will also seek complementary services to aid our efforts in transparency and professionalism with a professional auditing firm, legal team and a professional digital asset management solution for the Foundation. We hope this will help promote the healthy development of the Qtum Project and serve as a model for other projects.
The content that will be made public to the community:
Qtum Foundation obtains digital and traditional assets, which include: bitcoins, ethereum, and other digital assets such as Qtum tokens, as well as, legal tender in the form of USD and RMB.
Qtum will release monthly spending reports, including employee compensation, operating costs, marketing costs and other expenses
The way the Foundation will govern:
Qtum will make this information public on the Qtum website www.qtum.org, and the reports will later be verified by a third party.
The release date of this information:
Qtum will release this information on the first working day of each month
Qtum digital asset security management plan:
Qtum will hire a professional digital asset management service provider to provide financial management services. (Multi-Signature Wallet's private key which is controlled by multiple parties, which will likely include but isn’t limited to Qtum co-founders, Qtum community member representative, professional hardware wallet service provider, professional digital asset management services company, professional trust company, professional law firm, and an auditing firm)
Professional auditors will provide auditing and reporting services at a later date
Regulatory advice will be provided by a professional law firm(s)
-Qtum Foundation
June 1, 2017
This really fuckin sucks! If only half of the above was presented at the onset or sometime thereafter I wouldn't have been such a pompous ass on this thread. Hey, maybe that was the plan all along - Qtum ruining my cred.
Seriously, guys, applauds for the above (quote). This is not satire!
Bruno
Yeah, thanks for the team. That would be great if they did this right before the ICO. At least they shows the awareness of investor concern and takes responsibility for that. Nice!
June 04, 2017, 03:24:38 PM
This is great update I hope Qtum will touch $10 on launch of big exchanges so I will hold my coins.
... Is at 12$ right now
https://yunbi.com/markets/qtumcny
June 04, 2017, 02:53:30 PM
This is great update I hope Qtum will touch $10 on launch of big exchanges so I will hold my coins.
June 04, 2017, 02:40:04 PM
Development Updates - Week of May 29th:
Changes made through this week to the core wallet:
Bugs fixed:
* [Consensus/PoS] Fixed a PoS difficulty bug
* [Node] Fixed a bug that caused a reindex to fail due to checking block timestamp drift
* [Consensus/EVM] Fixed a bug where gas refunds were not properly validated in PoS blocks
* [Wallet] Fixed a bug where the wallet would try to spendcoinstake coins before maturity
* [Consensus/AAL] Fixed a bug where contract transactions would fail validation after numerous sends from a contract
* [Consensus/EVM] Fixed a bug where contract suicides would create new state in the RLP
Work completed:
* [Consensus/PoS] Properly populate the PoS fields in the block header with data and validate that data
* [Node] Removed the need to fully validate the index for PoS blocks (this relies on transaction data and is not practical at reindex stage)
* [Consensus/PoS] Allow staking to happen before the last PoW block
* [Consensus/PoS] Removed two unneeded fields in the block header, fStake (can be deduced from other logic), and nStakeTime (always the same as block time now)
* [Consensus/PoS] Add rule that PoS data in the block header must exactly match the corresponding transaction data
In-progress work and soon to be fixed bugs:
* [Staking] Various bugs for the RPC interface for PoS staking
* [Staking] Staker should not be executed if there are no coins for staking
Community Updates
Qtum core developer, Xiaolong "Stephen" Xu, spoke in a roundtable discussion about open source and commercial blockchain software at the China International Big Data Industry Expo (Big Data Expo) this past Saturday in Guiyang. The discussion included individuals from IBM, PwC, Consensus, Hyperledger and more.
Changes made through this week to the core wallet:
Bugs fixed:
* [Consensus/PoS] Fixed a PoS difficulty bug
* [Node] Fixed a bug that caused a reindex to fail due to checking block timestamp drift
* [Consensus/EVM] Fixed a bug where gas refunds were not properly validated in PoS blocks
* [Wallet] Fixed a bug where the wallet would try to spendcoinstake coins before maturity
* [Consensus/AAL] Fixed a bug where contract transactions would fail validation after numerous sends from a contract
* [Consensus/EVM] Fixed a bug where contract suicides would create new state in the RLP
Work completed:
* [Consensus/PoS] Properly populate the PoS fields in the block header with data and validate that data
* [Node] Removed the need to fully validate the index for PoS blocks (this relies on transaction data and is not practical at reindex stage)
* [Consensus/PoS] Allow staking to happen before the last PoW block
* [Consensus/PoS] Removed two unneeded fields in the block header, fStake (can be deduced from other logic), and nStakeTime (always the same as block time now)
* [Consensus/PoS] Add rule that PoS data in the block header must exactly match the corresponding transaction data
In-progress work and soon to be fixed bugs:
* [Staking] Various bugs for the RPC interface for PoS staking
* [Staking] Staker should not be executed if there are no coins for staking
Community Updates
Qtum core developer, Xiaolong "Stephen" Xu, spoke in a roundtable discussion about open source and commercial blockchain software at the China International Big Data Industry Expo (Big Data Expo) this past Saturday in Guiyang. The discussion included individuals from IBM, PwC, Consensus, Hyperledger and more.
June 04, 2017, 09:54:34 AM
looking forward the testnet.
June 04, 2017, 09:53:15 AM
Update:
To increase the transparency of the Qtum Foundation, we will release monthly expenditure reports containing the total for staff salaries, operational expenses, marketing expenses and other costs. Additionally, the Foundation will list the total assets that it holds including Bitcoin, Ethereum, Fiat, and Qtum Tokens.
The Qtum Foundation will also seek complementary services to aid our efforts in transparency and professionalism with a professional auditing firm, legal team and a professional digital asset management solution for the Foundation. We hope this will help promote the healthy development of the Qtum Project and serve as a model for other projects.
The content that will be made public to the community:
Qtum Foundation obtains digital and traditional assets, which include: bitcoins, ethereum, and other digital assets such as Qtum tokens, as well as, legal tender in the form of USD and RMB.
Qtum will release monthly spending reports, including employee compensation, operating costs, marketing costs and other expenses
The way the Foundation will govern:
Qtum will make this information public on the Qtum website www.qtum.org, and the reports will later be verified by a third party.
The release date of this information:
Qtum will release this information on the first working day of each month
Qtum digital asset security management plan:
Qtum will hire a professional digital asset management service provider to provide financial management services. (Multi-Signature Wallet's private key which is controlled by multiple parties, which will likely include but isn’t limited to Qtum co-founders, Qtum community member representative, professional hardware wallet service provider, professional digital asset management services company, professional trust company, professional law firm, and an auditing firm)
Professional auditors will provide auditing and reporting services at a later date
Regulatory advice will be provided by a professional law firm(s)
-Qtum Foundation
June 1, 2017
To increase the transparency of the Qtum Foundation, we will release monthly expenditure reports containing the total for staff salaries, operational expenses, marketing expenses and other costs. Additionally, the Foundation will list the total assets that it holds including Bitcoin, Ethereum, Fiat, and Qtum Tokens.
The Qtum Foundation will also seek complementary services to aid our efforts in transparency and professionalism with a professional auditing firm, legal team and a professional digital asset management solution for the Foundation. We hope this will help promote the healthy development of the Qtum Project and serve as a model for other projects.
The content that will be made public to the community:
Qtum Foundation obtains digital and traditional assets, which include: bitcoins, ethereum, and other digital assets such as Qtum tokens, as well as, legal tender in the form of USD and RMB.
Qtum will release monthly spending reports, including employee compensation, operating costs, marketing costs and other expenses
The way the Foundation will govern:
Qtum will make this information public on the Qtum website www.qtum.org, and the reports will later be verified by a third party.
The release date of this information:
Qtum will release this information on the first working day of each month
Qtum digital asset security management plan:
Qtum will hire a professional digital asset management service provider to provide financial management services. (Multi-Signature Wallet's private key which is controlled by multiple parties, which will likely include but isn’t limited to Qtum co-founders, Qtum community member representative, professional hardware wallet service provider, professional digital asset management services company, professional trust company, professional law firm, and an auditing firm)
Professional auditors will provide auditing and reporting services at a later date
Regulatory advice will be provided by a professional law firm(s)
-Qtum Foundation
June 1, 2017
This really fuckin sucks! If only half of the above was presented at the onset or sometime thereafter I wouldn't have been such a pompous ass on this thread. Hey, maybe that was the plan all along - Qtum ruining my cred.
Seriously, guys, applauds for the above (quote). This is not satire!
Bruno
now you think Qtum is not a scam?
I'll be keeping an eye on Steven/Patrick Dai and am not afraid to stick it up Team Qtum's ass if the need arises.
seems some big whales are pumping the price.
good for the ico people.
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