Topic: [ANN] (QTUM) - A Scalable Smart Contract Platform w/ Proof of Stake - page 208. (Read 525530 times)

Jesus fuckin Christ! Speakin' of circle jerking, we've cum full circle.

Translating btc-mark's post: It was difficult to get over the emotional loss.  My life was ruined.   My life continued and I started to look for a new project to begin again.  A fresh start.  I'm on a good track now, trying to put the past behind me.


btc-mark: Edinarcoin is on a good track now, trying to put the past behind them.




Yes, even the US citizens ones, of which Qtum has expressed endlessly that US citizens can not legally partake in Qtum's ICO scheme (emphasis on 'scheme').

So angel investors will get automatic 2,4x ROI

So how much did the team pay for 12% of the supply? Or is that where your salary solely comes from? Because you already plan on raising 15 million USD, why do you need 12% of supply as well? 12% of the supply would be valued at over 3.5 million if you end up raising 15 mil during the sale of 51% of the supply in the ICO.

And yeah I can read all about how you plan to use the 29% but that still doesn't justify why you need to withhold 29% of the supply for promotions etc in the first place when you are planning on raising 15 million USD from ICO investors (and already have raised 1 million from angel investors, right?). Why can't you use some of that 16 million instead of screwing ICO investors over by taking away a huge chunk (more than 1/4th) of the supply available to them during the ICO? How hard of a idea is it for you to grasp that a 49% premine + 15 million USD ICO is an unprecedented and unjustified funding structure? I know you aren't going to budge, but if you think people are going to stop criticizing this aspect of the ICO you are dead wrong. And it will have an effect on how many people participate and how much money they are willing to risk. I guess we will just have to wait and see how the ICO turns out, but if it is a flop I would guess that has more to do with the ICO structure and logistics than it does with the scam accusations.

Hi Stomia,

The Angel Backers are not getting 20%, they are getting around 8%, the other 12% is to be delivered to the development team over the next few years.

Take a look at how we distribute the other 29%:

29% of Qtum tokens (29,000,000 QTUM) will be allocated to community initiatives concerning business development, as well as academic research, education, and market expansion

During the next four years, the Qtum foundation will allocate 29% of the initial QTUM supply to third parties promoting the application and growth of the Qtum ecosystem. This budget will be held in publically viewable wallets and subjected to community scrutiny. Potential surpluses arising from this activity will be redistributed among Qtum token and stakeholders.

We go into detail about this here:

https://qtum.org/en/crowdsale

They want to raise 15 million USD during the ICO. Aaaand they are only selling 51% of the supply. So they hope to reach an initial market capitalization of around 30 million. Lol.

Here's my take on the ICO, without even having to consider the very real possibility of this being an outright scam:

They want to raise 15 million dollars in the ICO for only 51% of the supply. That's an initial market capitalization of 30 million. Based on what? What justifies the biggest initial market capitalization in the history of crypto ICOs? How is this supposed to look appealing to an ICO investor? There is little room to grow and tons of room for the price to fall.
Now factor in the additional fact the team is also going to have 29% of the supply that they will be selling to further fund the project (as if 15 million isn't enough?) and the fact the angel backers invested only ~1 million and got 20% of the supply meaning they paid 1/6th what ICO investors will have to pay and they can dump their coins all the way down to 1/6 the ICO price and sell for a profit all the way down. Now how does this look for ICO investors? Like a total ripoff? Looks like a one stage pyramid scheme to benefit the angel investors and team only. How the hell are you going to support an initial market cap of 30 mil when you also have that sell pressure coming from the 49% premine?

Why wouldn't somebody just wait until after the ICO to buy on the inevitable dump below ICO price? That way you could also wait and see for certain whether or not it is a scam.

Press Update:




FinanceMagnates discusses our mobile Smart Contract platform, and they make reference to our Mobile Wallet and iMessage Demo video:















 Avi Mizrahi | Innovation (CryptoCurrency) | Tuesday, 14/03/2017|19:00 GMT




Ahead of its planned $15 million crowdsale, Qtum revealed today that its platform will allow smart contracts and decentralized applications to function on mobile phones, tablets and Internet-of-Things (IoT) appliances.

The developers explain that in contrast to existing smart contract platforms, which require a full node and blockchain copy to be present on a client app to execute decentralized applications, Qtum allows smart contract usage without having to install heavy, specialized software. With this, smart contracts can be used in low data storage environments, such as smartphones and IoT devices.

This is done by stacking the Ethereum Virtual Machine (EVM) on top of Bitcoin’s unspent transaction output (UTXO) architecture. With this, the EVM is accessible with lite wallets. Lite wallets, utilizing the SPV protocol, allow users to interact with the bitcoin network and validate their own transactions, without having to download and sync with the entire blockchain.


Patrick Dai, CEO and co-founder of Qtum, commented: “Making smart contracts work on smartphones and tablets heralds a new age in the field of decentralized computation. With about half of all internet traffic being generated by mobile devices, every real-world use case for decentralized applications would massively benefit from mobile support – especially if we’re taking the tendencies of developing markets into account.”
Get smart

In addition to mobile support for decentralized applications, Qtum describes its platform as suited for business automation and the development of a blockchain-secured IoT, allowing existing “non-smart” hardware to be controlled and operated with smart contracts, without having to be augmented with specialized proprietary systems. Jordan Earlz, co-founder explains:

“Relying on existing Raspberry Pi-like devices already present in most standard appliances, Qtum smart contracts can potentially control any device with an accessible API. This way the interaction of “things” in a given business could be programmed and orchestrated with very little investment in specialized hardware.” Jordan Earlz, co-founder of the Qtum Project

Qtum Releases First Source Code Snapshot, Announces Blockchain Platform for Mobile Smart Contracts and IoT
Qtum co-founder Patrick Dai stated:
“Making smart contracts work on smartphones and tablets heralds a new age in the field of decentralized computation. With about half of all internet traffic being generated by mobile devices, every real-world use case for decentralized applications would massively benefit from mobile support – especially if we’re taking the tendencies of developing markets into account.” Read more

You are right, the Chinese exchange really can not extract your own coins

So, what is your final target price to scam?

Yes, it's a snapshot of the code, you can find it on the OP.

In your site, you claimed you are public company, lol, but what the hell do you list Edinarcoin? The proven ponzi scam coin.

if you want to really look at it just look at eth github, it won't have any difference. there is nothing there to find out. this is a scam of old people in the bitcoin community but acts like newbies. roger ver got involve to this what is there to expect?
 

Where is the source code on github 

There is a snapshot thing on their github

The previous Allcoin.com has been taken-over. If you still have any assets in your previous account, please contact: [email protected]

We are new Allcoin now .

Well sort of to be fair...
https://bitcointalksearch.org/topic/m.18188281
"Today we released a snapshot of the Qtum source code. It is already out of date and has several known bugs, but should work for evaluation and demonstration purposes.
You can setup a functioning mainnet or testnet network, but this version has several known bugs, and we do not recommend making it public, and only using it for evaluation."

Earl released the code for

"evaluation".

Facebook users in Indonesia is not interested in the project Qtum and not knowing about Qtum, I happen to live in Indonesia and often went to Singapore
Tread Qtum in the local board in the lock by the OP

www.ico365.com is support QTUM crowdsale, if you have any problem when using ico365, please leave me message or send me email to [email protected]

So the team said they were going to release code on github two days before the ICO. That would be today, has the code been released?

will have a watch when start