the fact that the team keeps posting here but ignores everyones questions is by itself explanatory of what they intend. scam allover the place. I just saw an elephant entering the kitchen while posting this
I wouldn't call it "SCAM"... impressive team behind this project. They just seem to be more (if not only) focused on Chinese market and community.
I still didn't 100% got what is the reason behind that strange strategy though It's like the founder of Bitland using all its marketing money to inform US citizens that he's only accepting moneys from residences of Antarctica to fund Bitland.
http://www.pennyauctionwatch.com/2011/02/reviewapenny-com-foopile-penny-auction/Nadine Zachary
FEBRUARY 14, 2011, 3:03 AM
…and your point is??? IF foopile is putting out ReviewaPenny, I guess I’d say they are advertising, hardly a crime. Not the first to say they are the best. What could be worse than the fake news articles used by some of the larger well-known auctions? foopile used to be slow shipping, don’t know right now, I haven’t bid there recently. Besides that, I’d give them A+. I think they are one of the most honest sites, bids are very reasonable, the site is user friendly and I’ ve never seen or even heard of timer issues. I only have one questions, is SwipeAuctions kin to or part of Swipebids because it sure looks like it. If so, then the only crime I see hear is giving SwipeAuctions B+.
Paul Vernon owned both Foopile and ReviewaPenny. Paul Vernon's now in China after he ripped off Cryptsy's investors.
Revisiting the following:
On ground of regulatory requirements, our legal terms excludes US citizen from participating.Two questions come to mind:
1. Since when did it become illegal to invest in a non-profit entity registered in Singapore? If I remember my Maps 101 class lessons, Singapore is not in China. Correct me if I'm
wong. Also, correct me if I'm
wong in stating that Qtum's main reason for having it's charter in Singapore was so that it didn't have to contend with Chinese regulators, but now is seems we've come full circle in that US citizens are excluded from participating unless, that is, you follow the advice offered up by principals and devs of Qtum on exactly how to circumnavigate the KYC guidelines. Translated: We at Qtum aren't doing anything illegal, but we'll take the time to show you how to take advantage of our ICO via doing something illegal.
2. When did the paradigm shift to being acceptable to solicit investments from investors totalling
$10M ... strike that, now $15M (also read a $30M figure in re Qtum) for a non-profit entity regardless where based in hopes of earning an ROI off said investments? I don't think the likes of a Bob and Alice Smith can sell a million dollars worth of shares promising an ROI for their non-profit Food Bank endeavor designed to feed masses of people in some region of the world. Again, correct me if I'm
wong. Translated: Nobody invests in a non-profit for an ROI because ... wait for it ... there's no profit.
Qtum has yet to address how they're able to amass
$10M $15M in revenue when their Singapore non-profit charter specifically states that they're ONLY able to garner $5M max over the lifetime of their charter. One more time, correct me if I'm
wong, but if I remember correctly from my Math 101 class lessons, $15M is morer biggerer than $5M.
Bruno (Chinese name: Luŏ Xióng; 裸熊)
One more thought and I'm done for the day:
First and foremost, this is a global initiative, but we anticipate most of the token sales to come from the Eastern market.
http://www.alexa.com/siteinfo/qtum.orgCorrect me if I'm
wong, but I don't see any Asian countries on the list above, including CHINA, albeit I will admit that all the countries not the US are east of the US if you read from left to right.
Further ...
Qtum gets most of its traffic from BitcoinTalk, which is pretty amazing considering that there's no Chinese translation thread for Qtum on this forum if spite of Qtum being on record in stating that they have a greater following in the Eastern market than us yokels here in the Western market. Again, correct me if I'm
wong.
Bruno (Chinese name: Luŏ Xióng; 裸熊)