All the following was gleaned from Qtum's Slack channel (unless stipulated/obvious elsewise):
Personal statement from Patrick Dai:
"Dear Qtum community,
Lately some concerns have been raised regarding my past involvement with the BitBay project.
Firstly, I’d like to confirm that I was indeed involved in the project, going under the name of Steven Dai. I, Xuguang Dai by birth, have been using the western nicknames Patrick and Steven interchangingly in order to engage smoothly with western partners. This is a commonplace practice in Asia, and in fact, I still use Steven from time to time.
As it is clear by now, the BitBay project was indeed highly problematic, with many goodwilling investors and entrepreneurs, including myself, losing some money and time invested in the project due to malevolent activity of some individuals.
My involvement in the project began in 2014, with the intent to support the development of decentralized commerce and the blockchain space in general. However, I soon found out the hard way that not all involved in BitBay’s operations shared these goals.
With questionable ends and actions surfacing, I decided to leave the project in 2015, after doing my best to support the remaining developers and handing them all BitBay related holdings under my control. These assets included about 70 BTC, which were transferred to BitBay’s developers before my departure from the project.
I want to assure you that I regard integrity and rightful conduct as my main priorities in all my business activities, past, present and future. I am confident that my performance in cooperation with the rest of the Qtum team will assert itself very soon.
Sincerely,
Patrick Dai"
Thank you for your patience.
Brett Fincaryk has been working alongside Patrick Dai for over two years over at Bitse but didn't know that his Chinese name is Xuguang Dai. Further, Jordan Earls didn't know that Patrick Dai goes by Steven Dai on occations according to ... wait for it ... Patrick Dai.*Patrick on wechat:* 1 we released the project last year march 2016 , and won best blockchain innovations award by IBM in August 2016(video link),we went to EDCON in Paris and made a good speech there, got a lot good feedback from bitcoin and ethereum developers. (Video link and ppt link) 2 we got 1M dollars investment from Roger Ver and Anthoney and Bo Shen and a billionaire and Okcoin's CEO and some senior manager from HuaWei and more, all these investors are not stupid and they made Due diligence on team members' background and Project background before they invest. 3 some team member's told us, they got paid to creat the FUD on Qtum before the ICO, because one month ago there is a group ask some so called cooperations with Qtum ( to do promotions for Qtum and ask for money) *but Patrick say No.*
[5:47]
Why was Patrick talking about himself in the 3rd person if he was the one doing hte posting???
[5:49]
Regardless - it is seeming rather scammy that suddenly there is so much silence, and PWC is "unreferenced". My urgency level to get involved in this just dropped off a cliff.
yan7181 [6:14 PM]
joined #general. Also, @frank6 joined.
qtum-earlz [6:41 PM]
His English isn't perfect? Idk I was beside him in the taxi when he typed it though
Taxi Driver: Where to, Steven?
Jordan Earls: He called you Steven.
Patrick Dai: In China, everybody Steven. It like hookers call mans John. You want hooker, Jordi?
Jordan Earls: No thank you. I just fucked the elephant in the office an hour ago. Pissed me off that Brett didn't clean up after himself prior to it being my turn.
Patrick Dai: No worry. I see us get more elephants very, very soon. I buy with TileCoin.ONLY 15 minutes later ...Totally fuckin WOW! The FUD that Jordan Earls speaketh of is that of the Steven Dai / Patrick Dai connection.To reiterate for the retards reading this, BitBay was before Bitse which Brett was part of from day one alongside Patrick Dai which Brett never knew him as Steven or Xuguang Dai.To recap the timeline:- Patrick Dai is accused of being Steven Dai.
- Jordan Earls denied it.
- Brett Fincaryk denied it. Brett never heard of Xuguang Dai.
- Jordan Earls continued to deny it shortly after being in a taxi with Patrick Dai during his problematic English post.
- Jordan and Brett announced a forthcoming Patrick Dai rebuttal.
- Patrick Dai confirms the accusations, going by Steven Dai on a many occasions, with his real name being Xuguang Dai.
- 15 minutes later, Jordan calls all the accusations FUD after Patrick Dai confirmed that he was indeed Steven Dai.
- Brett Fincaryk knew that Patrick Dai went by Steven Dai.
- Now, anybody expressing discontent are referred to as FUDsters, Sherlocks and/or paid trolls.
Meanwhile, Qtum ignores the accusation that they deposited over $490K worth of bitcoins stemming from under Patrick Dai's control into Star Xu's OKCoin prior to Star Zu funding Qtum as an Angel investor, the $490K+ worth of bitcoins being a major part of Qtum's coffer valued over $640K worth of bitcoins just hours prior to registering their non-profit in Singapore.
Further, Qtum wants you to believe that all funds going in and out of its endeavor is fully transparent under the auspices of PwC, the exact same PwC who oversaw Danny Brewster's Neo & Bee's funds, of which one would have to have their eyes covered with cocksuckeroverflow's balls to not see what happened to Neo & Bee's Investards' money.
Bruno (but in Lithuania they call me Turėti)