Quote from: fiftyseven on July 08, 2016, 12:06:41 AM

Quote from: leigh2k14 on July 07, 2016, 10:13:54 PM

Just wanted to let everyone know that the investor is my employer, a very successful businessman by the name of Dr Daryl Hamilton Wallis. I approached him with the idea of investing in Britcoin several months ago, he seemed keen, and after several meetings with Will, myself, MoGreen, his development and finance team, he agreed to fund Brit, the funding will be £12K for a 6 month period as a trial, it could lead to more funding depending on how successful the project is.

Here is a link to one of Dr Daryl Wallis's business sites: http://fields-group.com/

Thanks for the info.

If Mr Wallis receives his 10m coins, each of them will have cost 241 satoshis at current BTC/GBP rates, supposing the £12k is all he is putting in. Just thought I'd put that out there for price discovery.

Given you've involved his company in this deal as you outlined, is this now a company driven project? That is, are they going to actually develop or outsource the development of the coin from within the business? Does Mr Wallis want to get involved or just sit back and watch? Do they have any experience in crypto?

BTW, holding almost half of the supply instantly makes this coin insecure if he chooses to stake as the other 50% are not going to all be staking, so he will easily be over 51% of staking power and could decide to go off on his own chain if things aren't working out as he wants. I can't help feel this is slightly mad. But hey, like you say, it's dead anyway, might aswell try something. I can't help feel the finer details could be ironed out a little. One thing that seems sorely lacking is the lack of foresight for future investor confidence knowing the distribution is about as inbalanced as any crypto has ever been. Unless the 10m includes bounties, giveaways, and indeed payment for services to help the coin?

I work in construction, I have been working on Daryl's mansion for the last 18 months, I approached Daryl about Britcoin as I knew that he owns several successful IT businesses and pitched Brit to him.

His team will be made available to Brit as and when they are needed, but Will and MoGreen will be taking the lead over the next six months, Daryl's team are new to crypto and are very excited about the whole crypto sphere.

No one person would own such a large amount of coins, as it would be too much of a security risk, the coins would be shared amongst everyone involved on Daryl's side.