Quote from: Qtum on February 25, 2017, 06:19:20 AM

Personal statement from Patrick Dai:

"Dear Qtum community,

Lately some concerns have been raised regarding my past involvement with the BitBay project.

Firstly, Id 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 BitBays 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 BitBays 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.

Thank you Patrick for the response Mr. Dia. Qtum still looks like the top project of 2017 to me. I expect every potential major project to have a team with past involvement in the industry. Most projects have not turned out the way we would have hoped.