Post
Topic
Re: [ANN][Qtum] A Scalable POS Smart Contract Platform| 11156BTC+77081 ETH raised
by
sangwoo
on 13/05/2017, 15:32:59 UTC
hi zimbeck, not too much really care about your posting. Smiley

also if you want to argue, you can ask that skycoin dev.

also from your earlier post, i know you also get a lot of free bitbay and you pumped bitbay price.

Skycoin dev doesn't know anything about Bitbay hahaha wtf. I'm the dev they hired to work on it and we are all saying Patrick is a theif. He got paid, he left and dumped his Bay. Period. If you guys don't care, fine but that doesn't change who he is.

And no, I did not "pump" Bitbay that is retarded. I spent two years coding it and improving the decentralized markets and unbreakable contracts. I've got no time for that bullshit. My code is 50,000 lines. I've got better things to do. I won't even bother selling until maybe long after the peg is done.

Yes I did get free Bitbay and it's very lucky that I did because had I had to work the past 2 years for free without any vested interest after Dai and Bob tried to harm my rep, it would have been a lot more difficult. And just so you know I still would have done it. Actually I would have simply bought BitBay.

Also speaking of "free" Bitbay. I was the only one who didn't buy on BTER. Steven and Lin and Bob bought and gave themselves kickbacks and reimbursed themselves BTC that should have gone into the project. Once I saw them do that I explained it to investors within a couple weeks after a long, long amount of thought (realizing the blowback).

I realize the only people supporting this project are either fake, or don't care if Patrick/Steven stole Bitcoins. But he did and there is proof and it is obvious he and his friends got free Qtum too by faking volume. You guys might be chasing a pump but just be aware of who you are giving money to. Its been at least a few months since I've posted here but consider this a friendly reminder and a big warning to people who are new to this thread and don't know. Too bad this can't be translated to chinese? Someone should do that.

No point in arguing with him man, his mind is made up as he is set on protecting his little 900 qtum investment and is ignorant of anything else.  It's obvious to anyone with a brain that you're more knowledgeable in this space than he will ever be.  I bought some tokens in the qtum ICO on a whim, without looking too deep in the Bitbay thing.  Had I known, I probably would have reconsidered.  

Would you say that Dai created the Bitpay project originally with the intention to scam though? It seems to me that this was a case of an arrangement gone bad, and Dai grabbing whatever he could get his hands on (regardless of whether he was entitled to it) and running for the door when he realized that the building was on fire.  Pumping the ICO reimbursing himself is shady as hell, but with the lack of regulation in the crypto market was it legally wrong?  Technically ICO funds are supposed to be at the disposal of the founding team, and he is apart of that team.  In any case i'm not sure that Qtum was even pumped.  The speed at which they raised the funds looked shady at first, but when you consider that TKN ICOd after and raised the same amount of money in under 30 minutes, then they could have easily reached 15m without any pump.  I think it's more of a sign that we're entering a bubble and people are eager to throw $ around.

I feel for what happened to you man.  You got put in a crappy situation by some shitty individuals who took advantage of your good nature and talent.  It looks like you've put in an incredible amount of work as the solo developer and I hope your project pans out to be a great success.  It sucks though if Dai still holds 10% of all bay like you say then him profiting off your blood & sweat is definitely a double edge sword.  

Yes he did, he partnered with Bobsurplus secretly and they even used the "Bay west toilet paper logo" from day one to mock me and they used fake profiles to discredit and harm my rep. I got sent pdfs in secret(they had a mole in the group), was shown fake profiles that got hacked by some people proving the propaganda campaign. It was seriously a rabbit hole. To this day, it still kind of humbles me. Their modus operandi was similar to JTRIG. Man, to be honest I don't mean to bring up the past but its true(I don't live in the past, every once in a while I'm candid). I don't think buying into your ICO is illegal per se but the website they set up was wrong because they lied about the funds release schedule and mocked me knowing that when I said something the project would crash. So that would constitute as fraud but extremely hard to prosecute. To add insult to injury, Bob would come by every few months to make fun of the investors he stole from. So Dai is lower than dirt to me. I tried to pursuade him to help and he was very blahzay and eventually just ignored me even when I tried to be NICE when it was eating me inside. I'm certain Qtum was pumped. Knowing that last time Dai partnered with Chinese exchanges like BTER who stole funds from users on so many occasions(millions they still owe me almost 3 btc). Qtum funded in "90 minutes" what does that tell you? Lol... and that was while Gleb was bombarding this thread. No way they funded what they claimed unless his rich chinese friends wanted free coins or something. Same Modus Operandi with just bigger numbers.

We all think Dai sold his Bitbay because he admitted it on the slack when I confronted him saying it "wasn't worth anything". But it was worth something to investors who didn't want to be dumped on. It shows how much contempt this dude had for us(he certainly didn't tell me while he was dumping). If you ask Dai directly I doubt he will give you a straight answer that is cogent.


Ironically, I'm not saying Qtum won't be a success. They very well may put contracts in UTXO which is in fact a better way to do it. I've often chastised Ethereum for bloating up the blockchain and it is true in fact, I think I might have even talked to Dai about this idea in the past that it is cleaner to do it that way. You just pay a hash, send a payload and sandbox it. It's not actually that hard. Ethereum is over-engineered in my opinion and will have 10x the scaling issue as Bitcoin or even Qtum and to be honest Ethereum is much more greedy and potentially have back door deals that would shock us.

I'm not here to take away from anyone's efforts, I've got better things to do like CODE. But let investors never forget this guy did leave with investors funds that he didn't work for, dumped his coins etc. There is NO FREE LUNCH in life. God knows how many times some CEO bankrupts his own business keeps investors funds and never sees bars (possibly Trump for example? haha). White collar crime isn't taken seriously which is why everyone wants to destroy wall street. Sadly, if investors don't get smarter, the process will repeat itself. So take this text for what its worth. BitBay has made tremendous progress and of course the peg will finish.

But maybe the guy is right, investors don't care who this guy is, they just want to make money. Still, I would never invest regardless even if they crapped gold bars. But thats my personal opinion perhaps many investors simply don't care. The ones that do, will listen carefully.

I know what you're talking about. It is the end that you want say? or what is you want? I think you don't have anything else to say here.