Ninjastic
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Re: [ANN] QBIC [QBIC] - Masternodes, PoW, Secure, ASIC Resistance
by
Dr.eW1
on 13/03/2018, 14:24:07 UTC
Quote from: RivAngE on March 13, 2018, 02:04:23 PM
Quote from: Dr.eW1 on March 13, 2018, 01:55:04 PM
Quote from: RivAngE on March 13, 2018, 12:22:26 PM
How comes the market cap increased from 222.500 to 1.000.000 in an instant even though the price fell? (https://coinmarketcap.com/currencies/qbic/)
Since MARKET CAP = PRICE x SUPPLY, the obvious answer is that extra supply was generated, but how? Out of thin air?

It's a legitimate question... the answer is that the statistics on CMC had not been updating, so the total supply and the circulating supply were not accurate. We partnered with CMC to resolve the discrepancy, and they made the change a day or so ago. We hope that this time around it updates as coins are generated organically.

Thanks for inquiring vs. spreading FUD. Smiley Very much appreciated, friend
Also thank you for your reply. Now if you don't mind me, I'd like to ask one more thing.

I was an early adopter of QBIC, I started mining it and holding it while also sponsoring the signature. However after 2 or 3 weeks with no signature payment and little communication from the dev team with bad engrish, I decide to sell at 10€ (lucky me!). Also this: https://altmix.org/coins/42-QBIC/explorer/address/GMcez4BAxUbFYTAyesVQccVXzJpxWH9skJ seemed a bit fishy to me but maybe I don't understand something right.

Because of all of the above I've stopped following the project and this thread, but you seem to be someone new to the team? I also noticed talks about a new roadmap. Since the main thread is not updated I don't know where else to look for updates, can you please brief me in what's changed since ~3 weeks ago?

Sure! So, a new Management Team, including myself, came on board at the end of February/early March to help the project recover and prosper. Our mission has been to reestablish trust within the community through transparent and consistent communication. On the backend, we've focused on establishing and legitimate use-case for Qbic. In the ~3 weeks, we've already completed: Meet the Team (https://www.qbic.io/qbicteam.pdf), Qbic White Paper (https://www.qbic.io/manifesto.pdf), and Roadmap (https://www.qbic.io/roadmap.pdf).. among various other assignments which may not be as apparent to the naked eye. The new website and logo are very close to being completed and we should have a new campaign rolled out within a week or so, if all continues to go as planned. So, to summarize, we've been working to reverse the exact reasons why you discontinued your following and support of Qbic. We're optimistic that we'll continue to do so and turn this ship around...

Thanks again for your engagement,

Dr.eW