I have been dealing with the folks over at Liion Wholesale, who have done some testing on the Efest 38A Battery. Results so far are that it is very similar to the Sony VTC4. He's also said that in recent testing of the Efest 30A 18650 which was once a rewrapped VTC4, Efest is no longer using the VTC4 cell for this battery.
I went ahead and ordered 4 of the Efest 38A 18650's... If they are comparable to a VTC4, I'm quite alright with that, especially at their price point. I don't realistically imagine they have a 38A continuous discharge rating... But I would believe a 30A continuous discharge with a 60A pulse.
They are claiming 38A Continuous with 60A pulse...
Either way, it looks like a more honest marking than only stating the pulse rating, which seems to be the popular thing to do these days. That said, I think we all would have called their bluff if they had said this was a 60A battery...