What are you idiots talking about? That's 5 million dollars volume trading PER DAY before release! Its not even live for another four months and it's already one of the highest traded coins in all of China.

Buy up.

Dude, I drank the Kool-Aid (mango), thus here to assure you that Steven Dai - I mean Patrick Dai - would not do such a thing.

So you know for a fact no early backers, advisors or any core people associated with the project have sold Qtum?  You're absolutely sure that nobody over there looked at their coin raise $15 million and now it's suddenly $450 million...and nobody over there has sold anything- they're holding on to it all...no one cashed out even a dollar...and you're absolutely sure of this because...

I know you're trying to compete with ETH... but this is not how ETH started or succeeded.  You should be concerned and actually fearful for the long term when you haven't even built a testnet and the coin is valued at half a billion.  That would make me want to sell some if I was holding it because there will be huge volatility and a correction.  No coin has a smooth release, and we don't even have a testnet up and there's a half a billion valuation for a coin that's just on paper.

Dude, it's not FUD....it's legitimate.  You have a price of $4.50/coin with 100 million coins that implies the coin is worth $450million with nothing released...With testnet planned for June.  That's not FUD...that's a real risk the price will crash once the hype subsides.  You don't think founders or early investors aren't selling a portion of that $450 million to idiots like you?

You can't compare BTC and other coins that exist to a coin that's just a concept.

I'd argue the opposite actually, the testnet isn't even proven to be functional at all but it's already worth $450 million because of demand in the Chinese market, once they release an actual functional project the value would be much, much, higher.
And sure, the creators can dump a lot of coins except they'll make a lot more money actually putting out a real product because the Chinese market is that hungry for their own Ethereum.

Either way, all the crap posters dumping on the ICO honestly cost a lot of bitcointalk members a huge opportunity here.  If you sold your ICO Qtums the other day you would have had a 28,000% return, and even with the drop to ~$4.50 we're looking at 15,000% gains.  You can sell a tiny fraction of your holdings and have all the money you put into the ICO back and a free ride to wherever. Luckily I didn't let you guys talk me out of investing in the ICO entirely, but I probably would have invested double what I did if it weren't for all the FUD here.

Of all the ICOs this year this was probably the best investment out of any of them but you guys just want to believe your own FUD, lol.  Keep posting nonsense though, we'll see who's right once the testnet and mainnet go live.  With the huge returns from my Qtum buy it's skyrocketed up to being almost 15% of my crypto holdings even though I put maybe 2% of my holdings into the ICO (the other holdings went up as well so the ratio did not grow by 15x).  But hey, without all the FUD here the ICO might have sold out before I could get in.

Quote from: skycoin on March 16, 2017, 04:54:31 PM

- https://qtum.org

Qtum, will probably replace ethereum because it is simpler and has fewer problems. The UXTO model is much cleaner. They have a lot of previous developers and have already done two previous coins and are the best team I have seen so far.


I won't trust dev that promoting qtum-SCAM.....

I have not looked at qtum's code.

We know the qtum founder and he is one of the largest investors in Skycoin from four years ago, before qtum or any of this. Some of the people around him are legendary scammers, but he is not a scammer.

I think Patricks role in the bitbay situation is exaggerated. I read through the arguments and it just sounds like drama.

Many of the people in the Bitcoin community are sociopaths. They often steal things or cause drama, then immediately blame it or scapegoat it on someone else. They are not even done stealing the money, before they go on campaign of moral indignation against the fall person.

I think Patrick was blamed for Bitbay because his personality makes him an easy victim for sociopaths and the human predators in the bitcoin community. There are people walking around, sizing people up and trying to determine whether they can manipulate someone, setup a scam, steal things and who is going to be gullible or a fall person.

If you knew the people involved, you would understand what the social dynamic is.

>Also how can you be so confident qtum is going to replace ETH based on it's tech when they haven't released code yet?

Ethereum is using an accounts model, like Ripple. Which is anti-blockchain and anti-privacy and very traceable. It is against the philosophy of Bitcoin.

All coins going forward will be on the UXTO model and it is best practice for blockchain. Moving turing complete smart contracts off of accounts model and onto UXTO is extremely important and that is what qtum appears to be doing.

We need to figure out how to do general computation on a UXTO model. Instead of being restrained to the Ripple/Ethereum accounts model.

I think they will get closer to the goal, but only get there part way
- thin client for smart contracts (major limitation for existing system)
- moving smart contracts onto UXTO (major milestone)

I do not know if qtum has succeeded, but they seem to be going in right direction. I talked to one of their technical leads and they were focused on "Getting it working with something we can do now" and then incremental improvement over time. So first implementing the Ethereum virtual machine on top of UXTO, then working out the research problems for a native turing complete UXTO language later.

I do not know if there is a way to full UXTO while still having "gas". I think you will need to get rid of the "gas". In the ethereum model to take full advantage. I do not know if qtum will be able to go far enough in doing that, but is heading in the correct direction.

Ethereum tries to be both a token and a computer.
- we started with pure tokens (Bitcoin)
- then we added a computer to the tokens (Ethereum)
- now we just trying to figure out how to build  pure computer on UXTO
- Then once we have the computer, the tokens or coins just become a program or entity running on this "distributed computer"

Bitcoin, Ethereum, qtum, byteballs, etc are just stepping stones. Towards a final solution. None of these will exist or be relevant in ten years. We are in an age of transition and I am looking at the projects that are getting closer to the goal, in a pure mathematical sense.

Even Skycoin is being ripped up and its foundations constantly rewritten when it is advantageous to do so. Bitcoin is static and relatively unchanging, while Ethereum has been able to get the community to accept constant small changes.

Skycoin is on a punctuated equilibrium model, where we do bug fixes and polishing, then completely rip up and rebuild the foundation as needed, then go back to bug fixes and polishing.

Right now, we are exploring new networking primitives and the advantage of immutable data structures, but are still on blockchain. Putting EVM on UXTO is heading towards immutable data structures from the perspective of computation, while we are heading towards immutable data structures from the path of consensus, networking and simplifying object synchronization protocols.

One of the pilots that is being spun out of that project is the distibuted, peer-to-peer social media platform built upon immutable data structures and peer-to-peer object replication. For this Skycoin chose a public key, cryptographic publisher/subscriber model and DAG immutable object tree. While Ethereum's project chose a Kadmelia DHT block storage model.

Ignoring the individuals and the drama, I am just looking at the "future direction" and who is heading in that direction.

>Also how can you be so confident qtum is going to replace ETH based on it's tech when they haven't released code yet?

I am not confident it will replace Ethereum. At the start, it will be equivalent to ethereum in terms of being able to run the Ethereum Virtual Machine (EVM) on top of qtum with UXTO. Then they will do a native language.

It will depend on the implementation. I do not know if qtum has succeeded, but they seem to be going in right direction.

Similarly, Byteballs may fail or may not exist in ten years, but they are pioneering the first experiments into replacing the Blockchain with a DAG. Which we have been considering for several years now.

Similarly, Bitcoin was the first but people are getting used to the idea that it will not be the final or best cryptocurrency. That it was just the first generation and that we can build better and improve it substantially.



thank you skycoin dev, because of you, i brought into qtum and made some money.

thanks for the updates.