Post
Topic
Board Announcements (Altcoins)
Re: [ANN][♔] Britcoin 3.0 [BRIT] | 5% annual PoS
by
VanityWallets2015
on 24/07/2016, 14:11:10 UTC
I have advised Mo and Wil to register (at least) a UK trademark for Britcoin. Whilst the basic build of Britcoin is based on Bitcoin, all other layers of IP are effectively open to copyright (subject to the original MIT license of the software) and trademarking.

It is highly unfortunate that the UK Government and UK Fintech (which claimn to lead the world) are several years behind the adoptive curve, myself previously writing to the UK Government and Prime Minister on a previous occasion. Playing second fiddle, unfortunately should require them to "invest" in the existing blockchain of that brand/trademark or at least merge to create a powerful blockchain solution for both private and public financial scrutiny.

They should note;

- Britcoin is a brand and intellectual property of its stakeholders (and can be legally protected as such) despite having no such centralised ownership
- Brit is slang and is a non trademarked reference to a person or object from or originating from Great Britain, or for example a term used for internationals that are birth or non birth affiliated
- The legal system protects stakeholders from losses and as such Britcoin is a tangible "business" with investors subject to losses through copyright or brand infringement
- The UK Government and Bank of England can create their own "Britcoin" however cannot use Britcoin if it is registered as a trademark, the value is in the trademarked brand
- As Britcoins are as such empty assets (blocks) in a global space of operation with no single point of ownership, as with all blockchain public ledger currencies, and are not issued via a single geographical landmass it is acceptable therefore that Britcoin can be trademarked globally, despite being created in the UK

The UK Government and Bank Of England should take this post as notice that there has been previous discussion and instruction from a stakeholder to trademark "Britcoin" on behalf of it creators and stakeholders and that any steps to advance any trademark or implementation of Britcoin without subject discussion with existing stakeholders of the "Official Britcoin Blockchain" would be deemed as anti-competitive and against the open ledger blockchain for the scrutiny of public (and indeed private) financial transactions.

I would suggest that the community establishes a fund for the implementation of at least a UK Trademark. The application can be downloaded from the UK IP Office website and you can register a Trademark for up to 10 years with annual fees somewhere between £300 and £500. I would suggest that "your investor" begins this process, in particular helping to fund the registration of this brand. I would suggest consulting a trademark lawyer for an initial consultation for verification.

Great Britain is itself a democratic brand that its people adopt of free well, and as such the UK Treasury, Government and Bank Of England do not have the authority in the digital currency sector to implement the brand, it is however important to understand that the "official crown of her Majesty the Queen" cannot be displayed on anything that does not have the official Royal seal of approval, I am sure that there are severe penalties for such practices, so please be forewarned and advised.

It is likely that only whereby the Crown issues Britcoins using HM Treasury money, can the Crown be displayed to indicate a Royal seal of approval.

Great Britain of course was established by King James VI of Scotland (i think!) merging for the first time England, Scotland, Wales and Ireland under one financial centralised rule and with Scotland with the potential of becoming independent again in the future it is perhaps best that Britcoin is independent of both current UK Treasure and Finance, and remains independent of future Scottish Treasury and Finance. It is likely also that Wales and Northern Ireland will also look to seek independence from England and financial rule, further supporting the need for a DIGITAL CURRENCY THAT REPRESENTS THOSE NATIONS COMPLETELY INDEPENDENTLY of any one centralised financial authority allowing anyone to invest or deinvest as necessary.

Independence of financial affairs of course does not mean necessarily that any nation would seek to not participate in the brand that is Great Britain, its purely of individual identity.

It's good to see some work on this blockchain and to see it on exchanges again, I am looking forward to some news of it appearing back on Bittrex!

Good luck!!!