Post
Topic
Board Announcements (Altcoins)
Re: [ANN][Qtum]UTXO based POS Smart Contract Platform |10 Million USD in 90 minutes
by
testerx
on 17/03/2017, 03:35:52 UTC
Wow amazing $10m raised in just 90 minutes so it looking this will be finished in next few hours as like people are investing into this project.

Just so you know when Patrick did Bitbay he bought almost 50% of it and gave himself a refund with free coins. So in this case the majority of this was bought by him and the others Patrick works with. If he holds close to 100% then he will try to dump them for the highest price. The chat log of Patrick/Steven Dai doing this is all over Bitcointalk. However I have tons more chat logs from Bay of him doing that to us. I've had to endure him dumping his Bay while I developed for 2 years. Don't ever trust this soulless theif. So no Qtum didn't raise 10 million in a few minutes. Investors beware.
Even if what you say is true, having been to China and seeing the stuff people will invest hundreds of thousands of dollars in, I honestly think there was more than enough demand to have sold this out in only a couple hours.  I know people there who've spent hundreds of thousands of dollars on rock collections and jade and other similar nonsense just because there aren't sufficient investment options in China.  And since all the other developers know about this guy's history I'm sure they're watching him more closely than they otherwise would, so presumably he wouldn't be able to pull anything like that unless he has everyone colluding on it-given the supposed investors involved I would seriously doubt that he could pull this off unless he wants to end up in a Chinese gulag.  It's one thing to rip off random people on the internet, but if you rip off a founder of Kuaidi you'll end up in a bad place real quick.

Anyways, the ICO is over anyways so it is what it is.  At this point let's just see if Qtum actually develops into something interesting or if I just wasted a few thousand bucks.