Quote from: donacid on July 07, 2016, 08:03:34 PM

Quote from: britcoin3 on July 07, 2016, 07:37:29 PM

Dear Britcoin community,

Hello and thanks for your patience with this project so far.

We have an multi-millionaire investor who is ready to invest at least GBP 12K into Britcoin development over the next six months, but he wants a substantial portion of the coin supply, like 10 million BRIT. Wed increase the coin supply limit by about that amount too, to keep people staking. Hell invest more in the future, if he sees his BRIT holdings increase in value.

There don't seem to be many BRIT available for sale, so we'd have to mint new ones by hard-forking the coin to have those extra coins in a certain address, for instance.

Our thoughts are that this is not quite as bad as the government printing extra money to bail out the banks, as you can fork the code and blockchain if you really don't like it.

We think that BRIT can do really well with some funds behind it. The coin's not really suitable for its intended purpose without decent mobile wallets, ongoing development, a smooth and easy-to-use UI, anon features (coin mixing), and places to spend it. Britcoin needs more than bug fixes and security updates to reach its full, world-changing potential.

I will also say that this investor has so far ponied up the dosh to get us on C-Cex and to get us onto the vote list on Cryptopia.

We haven't heard from any other potential investors, but if they are out there then do let us know ASAP.

The investor would be most pleased if we could fork another 10M coins, and we want him to be happy so that he becomes involved with the coin and wants to see it succeed. Its not only money He has development, marketing, legal people too, who can help out if need be. Though there would be more BRIT in circulation, with money funnelled into the project and access to more expertise, we all could see our coins increase in value.

Thoughts?

I'm all in for bringing momentum in this project. Sure, a hardfork is a drastic measure but Britcoin in its current state needs a bold plan to get back on track. I'd say do it. Any action is still better than no action and it looks like the people who want to resurrect this coin are really dedicated.
Good job lads

Thanks mate, I've always liked and believed in the concept of a British crypto, I think with some financial clout Brit could do well, it's either we fork it or brit will die a slow painful death without any funds, as no one is willing to pay the amount of money needed to get this coin where it needs to be. I'm hoping we can get a 90% consensus from the current holders, of course there will be the purists who will be be against the fork, I hope they will come round in time. I know we will be watering down the supply, personally I'd rather have half of something that has potential than the whole of something that isn't going to go anywhere.