Topic: [ANN] (QTUM) - A Scalable Smart Contract Platform w/ Proof of Stake - page 248. (Read 525472 times)

According to My Personal Opinion, Project Qtum  was in the area I can be categorized as "Dangerous".The absence escrow involved in fundraising ICO and not their source code Qtum in Github,,shows that the technology promises sounded vague.

There are indications of clones on one technology Qtum (crypto throught send email) with BitBay technology features.

Well, it's plain to see by everybody reading this that stackoverflow is not to be trusted, for clearly he's in bed with Team Qtum playing the hackneyed FUD card in vain tryin' to discredit those providing verifiable proof of afootness (no pun intended; think Caspal). This cocksucker conveniently forgot that an astute Bitcoiner brought to light that Patrick Dai is none other than Steven Dai of BitBay fame, verified by ... wait for it ... none other than Patrick Dai himself, ergo by extension, Patrick is part of, and perpetuating the FUD. Ironically, the FUD we've witnessed to date is Patrick Dai's recollection of the facts back in the day which cocksuckeroverflow has no qualms with, adding his FUD du jour as masala in hopes of toning down this very spicy thread.

http://coinjournal.net/ver-backed-qtum-started-bitbay-dai/


It LITERALLY took me less than two minutes to find the following of which an investigative report couldn't find:

https://www.worldcubeassociation.org/results/p.php?i=2007YUNQ01


Then again, maybe I'm just spreading more FUD because that's what makes my dick hard. Hey, I wonder if I could solve a Rubik's cube with my stiff dick. Guess not! But two stiff dicks ...  

Here's Caspal last year: https://www.youtube.com/watch?v=3E0EktbPJrw

isn;t the ICO meant to be on tomorrow?

This post wins a Tony.



Our bad! We meant Oscar.



Oopsy! Strike that too. We meant that this post wins an AAAF (Award for Academic Achievement on a Forum).

Quote from: vanarebane on February 28, 2017, 04:37:45 AM

“Some of the team behind Qtum, also seem to be working on a completely unrelated Blockchain as a Service project called Bitse. Besides Dai, there are two Qtum team members working on the Bitse project and have their last names listed: Neil Mahi and Time Markov.

What part of the Continuous-Time Markov Chains don't you understand?

When will QTUM have ICO? Will they cancel the ICO? Will you kick the scammer out of the foundation? Integrity is the key role in modern business corporation, how will the foundation dealt with this case? The drama may turn into a fiasco. TBH, when I saw the signature campaign rate, I felt suspicious about QTUM. And the signature manager always refuse to accept better posters than some ordinary level poster, I thought he definitely enrolled massive alt-accounts himself.

Good that people are starting to have zero tolerance against scammers. Ascendancy did theirs early this year now Qtum project too want to do thesame relying on marketing and no or little code from the team

Crazy.  RIP Qtum.

Amazing how this got trolled so bad, it's an obvious character assassination attempt with obvious alter-motives including possibly blackmail attempts behind the scene, it's not uncommon in crypto and some groups make a living out of it.

We all know who was the real scammer behind BitBay, and it's not that guy.

Oh and here's another Dai to add to the collection: https://en.bitcoin.it/wiki/Wei_Dai  


I would like to hear more relevant news about this project. this is obviously a failed FUD campaign, we've seen better!

What a shame i thought that qtum was a legit project.

Hi Qtum Team,

I've been impressed, as I read about your project. It looked and looks super. But when you dig, the greatness disappears. It is not obvious that this project will bring something wunderfull. Please, what do you answer to the following text (with pictures in http://coinjournal.net/ver-backed-qtum-started-bitbay-dai/)


Ver Backed Qtum Founder Ran Previous ICO Scam

By Ian Demartino -
February 27, 2017

Patrick Dai, the founder of Qtum, has admitted to using another name and running another cryptocurrency before Qtum. He left the currency after it faced controversy involving himself and did not reveal his past to potential investors. He admitted to his past after being confronted with irrefutable evidence.

Qtum claims several high profile investors, including Roger Ver, Anthony Di lorio, and OKCoin CEO Xu Star.

According to chat logs, Steven Dai was the founder of Bitbay. That coin attracted significant controversy after a convoluted scheme that netted the founders thousands of bitcoins was revealed. The chatlogs revealed that the Bitbay launch was manipulated by two notorious alt-coin market whale groups known as bobsurplus and Gekko, the BTER exchange itself, and possibly Dai.

After two years of silence, Steven Dai is back as Patrick Dai.  A photo of BitBay funder Elmer Lin standing next to Patrick Dai seemingly proves that Lin met Patrick Dai.

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Questions about Dai’s past were initially ignored by the Qtum foundation and Dai. Two days after the issue was first raised on Twitter and through Slack, Dai finally issued a statement admitting to his past persona. He has ignored requests for comment sent to his email. The Qtum foundation itself initially replied to a request for comment saying that a statement would come the next day but has since ignored requests for additional comments.

In his statement, Dai denied any wrongdoing during the BitBay Scandal. He claims that he decided to leave the community after discovering the “questionable ends and actions” in the coin.

According to Qtum’s website and an article on the Ver owned Bitcoin.com, Roger Ver is one of many high profile investors in Qtum. Others include Ethereum alum Anthony Di Lorio, Jeremy Gardner and the CEO of Chinese Exchange OKCoin, Xu Star. [Side Note: Ver is reportedly suing Star’s OKCoin in an unrelated issue.]

We contacted Ver, Di Lorio and Gardner to confirm or deny their investments. Only Gardner replied, confirming his investment. When I asked if he knew of Patrick Dai’s past as Steven Dai, he did not respond.

The Qtum foundation did release their statement, saying that they were initially unaware of Dai’s past but are standing by him.

The BitBay scheme was primarily revealed through chatlogs released by Zimbeck. After the scandal’s release, Zimbeck defended Dai as the only honest person in the group that included Dai, Bobsurplus and Gekko. Today, both Zimbeck and BitBay’s largest investor say Dai left them without support and they allege he stole funds from the BitBay Developer fund and ICO on his way out.

Dai denies that he stole money from Zimbeck or the BitBay investors.He also points to one $500 payment to Zimbeck for development after the scheme was revealed. Zimbeck contends that $500 over two years is not sufficient funding of a coin and is only a fraction of the haul he says Dai gained from the BitBay scheme.

While much of the conversation on Slack has focused on if Dai stole from the BitBay ICO or if he was an innocent victim of Bobsurplus and Gekko. That ignores the larger point: why wasn’t his past disclosed previously?

If Dai was completely innocent in the BitBay scandal, and if he had no ill-intentions with Qtum then he should have been upfront with all of his investors. If he revealed it to the high-profile VCs that have invested is also irrelevant. The fact that he was asking for ICO investment without revealing his past to the public means potential ICO investors would have invested without that information.

Besides the founder who changed his name after being involved in a scam, Qtum has some other red flags.
Besides The Founder, What is Wrong With Qtum?

Qtum does a few things right. The developers designed a competent website and wrote two interesting whitepapers. Digging a bit deeper, reveals some troubling issues.

The site includes a Team page with pictures of various team members. That would be a good thing, except for what it doesn’t include: No social media links. No last names (besides Patrick Dai) and no evidence that the team members are who they claim to be. One, “Caspal” claims to hold thirty Chinese and Asian records for Rubik’s Cube competition, as well as 21 gold medals.

According to the World Cube Association,  there is no one named Caspal in the top 100 solvers in the world. Nor is there a “Caspal” in the top 100 solvers in Asia, or even in the top 100 solvers in China. I checked the top ten solvers in China’s photographs, and none of them matched Caspal’s photograph.

While it is possible that Caspal was a Rubik’s Cube champion in Asia under a different name, without a real, full name, it is impossible to be sure. Especially since they are ignoring my interview requests. It sounds absurd slamming a coin for possibly exaggerating the Rubik’s Cube solving capabilities of their team but if they thought it important enough to mention, it must be important enough to question.

Some of the team behind Qtum, also seem to be working on a completely unrelated Blockchain as a Service project called Bitse. Besides Dai, there are two Qtum team members working on the Bitse project and have their last names listed: Neil Mahi and Time Markov.

Neil Mahi, is the second person listed on the Qtum team page after Dai. Googling his name gives no relevant results. The Bitse team page calls him “One of the most seasoned and greatest blockchain application developers” yet no one has heard of him. He is supposed to have 20 years coding experience, yet he hasn’t published anything to Github under that name, or even made a Facebook or Twitter account. What kind of coder, especially a “blockchain” developer, works for that long and has nothing public to show for it?

Time Markov is unGoogleable because his name brings up results for Markov’s Chain, a mathematical principal named in the 1900s. Searching for “Time Markov bitcoin” and “Time Markov blockchain” reveals no relevant results.

Furthermore, Qtum isn’t open source, at least not yet. Their GitHub page is empty. They won’t release the code until after the ICO. Of course investors will have committed their money by that time. They are ultimately asking investors to join in based solely on the experience of their team.

But that team only includes a few minor figures from the crypto world, a whole bunch of unknowns with no google search results, someone who probably exaggerates their Rubik’s Cube capabilities and a founder who either has a past that he seemingly hid from investors and involved the loss of hundreds of Bitcoins.
How Did Qtum Get So Much Attention?

As is so often the case in the cryptocurrency world: Shitty journalism led to its ride. The actions of the bitcoin media is almost understandable. After all, many probably assume that if the likes of Ver are involved, then it must have been vetted by someone. But the truth could be that the Angel Investors are depending on the media.

The first mention of Qtum in a semi-reputable cryptocurrency news site comes from CryptoCoinNews. Their article mentions Qtum winning a hack-a-thon prize hosted by ChainB.

Next, an article by CoinDesk founder Pete Rizzo announced that Qtum received funding by several high profile investors. There, Rizzo mistakenly called the cryptocurrency “open-source” though it’s Github page is empty.

With the credibility of CoinDesk behind it, Qtum began getting more mainstream attention.  Nasdaq.com, Siliconangle and EconoTimes all wrote articles based on the CoinDesk original.

Then, on January 24th, Bitcoin.com’s Jamie Redman wrote an article about Qtum. That article, like the ones before it, parroted the claims made by the Qtum team.

But the biggest bump to Qtum’s visibility was an article by a Forbes Contributor. Roger Aitken will seemingly write about any two-bit cryptocurrency project. Aitken wrote a poorly researched article that shows his tenuous grasp (at best) of blockchain technology. He says Qtum is attempting to be the “blockchain of China” even though regional cryptocurrencies are a long dead fad and were never workable.

Aitken’s articles take phrases straight out of the Qtum website, word for word. “[Jordan] has been developing software since he was thirteen, reviewed over 100 altcoins and identified multiple exploits in coins” appears both on the Qtum website and Aitken’s article.

After Forbes, several other media outlets covered Qtum, including Finance Magnates and the International Business Times UK. Later, Bitcoin.com released a later article with a curious note at the bottom.

    “Disclaimer: Roger Ver, CEO of Bitcoin.com, is a Qtum investor.”

With Ver’s name officially attached, Qtum seemed likely to be the first big ICO of 2017 largely due to the articles that gave it credibility.
Qtum.org's Alexa.com statistics
Qtum.org’s Alexa.com statistics

The problem with all these articles is that no one stopped to ask: who is Patrick Dai? Why does Googling his name reveal so few results? And most important: What did he actually do before Qtum?

Because what someone has done in the past is usually the best indicator of how they will behave in the future.

My initial thought was that Qtum project is going to be the best project coming out of the region but this exposure has proven that they are even worse.

It is difficult to step down Patrick Dai, from that news:  http://coinjournal.net/ver-backed-qtum-started-bitbay-dai/

You can know many devs are fake as well, the cube Asian champion "caspal" is nobody, a faked CV. So are Neil Mahi and Time Markov, they are all nobody and unknown in google, and they had the first-class CV. Hilarious.

If Qtum team are anyway serious they need to tell Patrick Dai to step down from the project, Roger Ver or no Roger, putting his face on the Qtum project is going to damage the brand of the project and everything the team stands for

Nice work Gleb Gamow and everybody else who helped to expose this scam.

Will the angel investors withdraw the fund from QTUM? This is the most sophisticated scam I have seen.    Fake cuber recorder, fake blablabla devs.

dont think this coin will  got it's purpose of ICO ,

Thanks for the article, actually the info is amazing, Patrick Dai was scammers, and Caspal faked his CV. How can these big liars make money from us? No, let us boybott them.

“Some of the team behind Qtum, also seem to be working on a completely unrelated Blockchain as a Service project called Bitse. Besides Dai, there are two Qtum team members working on the Bitse project and have their last names listed: Neil Mahi and Time Markov.

Neil Mahi, is the second person listed on the Qtum team page after Dai. Googling his name gives no relevant results. The Bitse team page calls him “One of the most seasoned and greatest blockchain application developers” yet no one has heard of him. He is supposed to have 20 years coding experience, yet he hasn’t published anything to Github under that name, or even made a Facebook or Twitter account. What kind of coder, especially a “blockchain” developer, works for that long and has nothing public to show for it?

Time Markov is unGoogleable because his name brings up results for Markov’s Chain, a mathematical principal named in the 1900s. Searching for “Time Markov bitcoin” and “Time Markov blockchain” reveals no relevant results.

Furthermore, Qtum isn’t open source, at least not yet. Their GitHub page is empty. They won’t release the code until after the ICO. Of course investors will have committed their money by that time. They are ultimately asking investors to join in based solely on the experience of their team.”

100% scam confirmed.

And the brainless herd of sheep got lucky too. 

http://coinjournal.net/ver-backed-qtum-started-bitbay-dai/

What is it? So sadly for the Roger ver.  

So PwC cant even audit two envelopes with one card in it! And BTW, Moonlight was made for $1.5M. All those people on the payroll, all those contractors, etc. and they completed the picture in 6 months. 
People still thinking of getting involved in Qtum, are putting their fingers in their ears whilst living in La La Land.