Re: [ANN] (QTUM) - A Scalable PoS Smart Contract Platform - TestNet Live!
QTUM Team - on Slack and WeChat there has been information shared by your team (on SLACK - johnscianna) that QTUM will release an ERC20 token to allow trading of QTUM as soon as this week - please comment.
C'mon man... Why would Qtum, a coin that wants to compete with Ethereum with it's own blockchain, use Ethereum's blockchain?
On a completely different note, I am your third cousin, and my father is a rich prince in Nigeria. He wants to come to America, but needs $5,000 USD (he only owns Nigerian currency, and there is no bank or airport in Nigeria that will do the exchange). I don't have the money, but if you wire him that money, he will repay you 400X that when he gets to America.
They are creating an ERC20 token. It's a placeholder IOU token but will probably allow qtum to be listed on exchanges that didn't participate in the ICO. They're doing this to allow people to trade their tokens earlier. It's listed on their official Slack....
not sure this is wise, going to confuse people
Here's a business model. Create another ERC20 token whose sole utility is to facilitate trade of Qtum's ERC20 token. Offer it only in South America and on the African continent - AND the island of Yap when exchanging Rai Stones.
"Genius, this ERC20 token used to acquire another ERC20 token used to acquire another ERC20 token whose purpose is to acquire yet another ERC20 token, then we give our investors of Quark's Bar vouchers sometime in September. Tell me more about this ICO where we'll garner ten thousand bars of pure gold-pressed latinum, hopefully enough money to build this program, else we'll have to do another ICO. You say you got some guy named Steven onboard to help build this bitch? Patrick? Whatever! Nobody in this quadrant cares about names."