Quebecoin
Quebecoin QBC
Québecoin is the regional coin of one of the world’s most profitable crypto mining farm lands. French language focused, community driven and available to all.
Quebecoin began in April 2014 and has earned a reputation of resilience over its 5 year legacy. The coin has beaten the odds and survived thanks to its dedicated community members that saw its potential. Quebec is known as the best place in the world to establish cryptocurrency mining farms. It’s only natural that such a place would maintain it’s own cryptocurrency and a result a new generation of community members are joining their efforts to revive and promote this coin to cryptocurrency enthusiasts
On to the Third Chain (2019) The chain of the second launch was successfully phased out. The swap to the new chain was completed on July 13, 2019.
Why swap? And a Word on YoBit The reasons for the swap are clear and straightforward. It became clear to us that the developer funds of 20.6 million from the first chain had not been fully burned. Furthermore the X11 chain was considered a security risk with known vulnerabilities – the chain was attacked at YoBit in October 2018. That is why we cannot swap YoBit holders because in fact, they were robbed. At YoBit, they are not capable of allowing you to withdraw. We have reached out to them multiple times to attempt to reopen the markets and we have offered to refund them in full from the new chain simply to open the wallets and reopen trade there. They in fact have not answered us though we have made multiple requests to complete the swap. However YoBit wants bitcoin paid to them when we are providing them a needed security update on the new chain and the old chain had obvious vulnerabilities. We cannot be expected to pay them on top of the Quebecoin they lost an additional amount of bitcoin valued at $1600 in current prices. We realize that this has upset many investors but we encourage you to sell all YoBit “QBC” as soon as possible. In the event they contact us and want to update we will do so. We urge any affected to contact YoBit and ask them to update.
Quebecoin successfully survived the crash caused by the abrupt end of the second QBC chain thanks to the intervention of a new team of volunteers led by morinpa aka Patrick Morin, and Mario Bruneau as well as several other community members. This new launch was mostly coordinated via our discord which was established by flex hit. You can frequently find him on the admin section of the discord along with other community members such as discord manager and new chain bounty recipient Sami Ahmed. He was awarded 1 million Quebecoin for supporting the creation of the new chain as a bounty and an additional 1 million Quebecoin for supporting the development of our new mobile wallet, developed by William Kibbler aka wkibbler on discord. For the development of the new chain, Sami Ahmed recruited Ahmed Bodiwala to develop the chain based on a fork of Myriad. He found Ahmed Bodiwala on Fiverr.
“We want this chain to be strong. It can take anything it throws at it. We just have to get access to enough pools to use its merge mining capabilities. It will be an unstoppable machine.” Ahmed Bodiwala aka ahmedbodi on the discord.
Sami Ahmed saw the opportunity to support Quebecoin because he realized that Québecois people would eventually want to return to Quebecoin once they saw it to actually function.
“I’ve always been passionate about certain causes, and for some reason it just seemed natural for me to want to keep Quebecoin alive because Québecois are proud people and if they saw they had a coin as a region I’m pretty sure they would embrace it once they saw it was safe and secure with reliable statistics. We had to clean up the numbers from the past chains because I had seen estimates of anywhere from 1 to 15 million circulating. People needed certainty. They needed to know what exactly were the numbers. What we did was generate 20 million coins in anticipation of the swap and we burned 12 million that went unswapped. The point was to establish finality and ensure that we knew exactly who had what and where it was. The worry was that the 20.6 million pre-mine was still floating around out there so we did the swap to ensure that those coins would not show up out of nowhere.
I have to say I feel we did a good job. It was very stressful to try to relaunch everything and to start essentially from zero but we’ve done a lot and I’m noticing more mining pools coming in lately which will raise the security level. All the new hashrate makes it safer and faster. Also it improves the reliability. The 20 second block time will be an excellent way of marketing to businesses and merchants that sell products to use Quebecoin.” – Sami Ahmed
Not long after the new chain was created, Ahmed Bodiwala created a QBC mining pool at Poolswitch.PW. In exchange he received a 1 million Quebecoin bounty from the Quebecoin foundation led by Patrick Morin. These bounties were paid out of the pre-mine created with the new chain. The remainder of the pre-mine was destroyed via OP_RETURN to a burn address. In total, the circulating supply is shown on the block explorer which you can check on the main menu.
Everything we do has been in the open. Nothing is hidden. We are happy to answer any questions. Feel free to contact us at any of the platforms linked on this website. Quebecoin’s team checks it all. We’re happy to hear from you. Especially if you’re in Québec we need you. Please help. We want this project to be a collaboration between all the people of the world but we recognize the importance of this project being led by Quebecers and French Canadians in general. We’re not purposefully ignoring French, much of our team is international and they are eager to support but we recognize the original purpose of this coin and we would love it if you would participate. We’re happy to talk to anyone who has new ideas that may be of interest to Quebecoin.
Mario Bruneau, a humble webmaster and musician from Magog, Québec very generously volunteered to create our website. As you can see it is very beautiful. For this he received a bounty of 250,000 Quebecoin. He very kindly hosts the website as well. Mario also frequently translates to French the contributions from international members of the Quebecoin community.
Québecoin’s Future The community working on the development of Quebecoin is currently involved with a multitude of projects such as mining pool development and expansion in order to secure the network and raise hashrate, a transactional API, a QBC based exchange and a mobile wallet for Android and iOS, the “Quebecoin Wallet”.
All these efforts demonstrate a certain willingness of the new team to restore credibility to Quebecoin as a cryptocurrency and bring it to the next level.
External links
Source
» Le Devoir: Québecoin: une monnaie numérique pour le Québec
» Marie-Lynn Richard: Marie-Lynn.ca