Quote from: scambust on September 28, 2019, 05:24:15 PM

I like to say that QTUM turned out to be not a scam. Why? After suffering a very long price decline along with other coins and tokens, the QTUM dev team is still here updating the wallet and the network protocols. I guess Patrick Dai is exonerated from the Bitbay fiasco.

Except for the fact that Patrick and his friends got almost 100% of the coins, lied about how much Qtum funded and spent a couple years dumping the coins and wash trading. When he started BAY he lied about 50% of the funding and got free coins and assisted Bobsurplus and his group who simply stole from the project and when I exposed it the others left the project and Patrick said he would stay but he left with Bitcoins he didn't work for. Even when I gave him a chance to redeem himself, he pretended to be part of the project while he was dumping his coins while we were working. I stayed for 5 years and coded everything promised including completing the dynamic peg. Even when Bob and the others came by our thread to kick us when we were down(and Bob bragged about stealing from the project). Despite that I worked and BitBay went to .5 billion marketcap from a few hundred grand. Then things crashed however the peg will change that. My friend Ibai worked at Qtum and also confirmed they would fake funding. Then they fired him simply because they found out he was my friend.

You see, if Qtum says it raises X million dollars but didn't really raise that much they get free coins. Then when they wash trade they dump it on the market. They get very, very rich off that and they had not done any work to deserve that. Even if they work after the fact it does not change how they stabbed people in the back to get it.

So even if they are doing coding, promoting and going to events, that does not change the fact that this project didn't raise what was claimed and wash traded to lure in naive traders. And add to that coinmarketcap posts a -73% ROI since project launch and down almost a hundred times from it's peak. That is simply because they dumped coins they got for free. They didn't pay to get a majority portion of their own ICO and gave you all a false impression of marketcap. This effects you all as investors. So if that's who you want to invest in go ahead but don't say you weren't warned.

It doesn't matter what Earlz or the team codes because they are enriching a guy who is dishonest. It's precisely altcoins that get dumped because they didn't work for the money that is the cause of the bear market. I am glad that Dai is committed at least to the project but until he shows remorse and acknowledges this then the project will not be able to move past it.

My number one reason for the altcoin crash is that there are projects that are secretly premines and the founders get rewarded for not working and more importantly, investors are lied to because they think more funds were raised that actually were. And checking the blockchain won't help because they have the Bitcoins available to do it and give themselves the free coins at your expense.