This coin is maybe the worst thing I've seen outside of outright ponzi scams like bitconnect.  Ask yourself the following questions and see if you can come up with a good answer:

What is the point of the current mineable blockchain?

It isn't there to be used.  No one transacts business on the BCL chain.  It is intended to be ended in June.  So with all of that said, what exactly is the point? 

Why did the Bitcoin Latina Foundation have all of its assets drained and transferred to John Gotts personal account?

This is maybe the most important point.  When the original BCL was sold to investors for 70 BTS per, the proceeds went to an account for Bitcoin Latina Trust.  At some point all of the BTS and BCL that was in that account was transferred to John Gotts personal account.  Which he then used to cash out via Blocktrades and Binance as well as to buy the BCL in a desperate attempt to push the price up.  He bought it all the way up to 20 BTS.  The market has since dropped back to 3 BTS.  He claims this represents his personal funds, but there is no explanation as to why the Trust would just send all those funds to John. 

Why did BCL distribute 200 million tokens to their staff already?

Even at current prices that is almost $100 mill USD for 3 months of work.  3 months that has produced no useable technology and no visible latin american community.

Why are all the political "advisors" in the announcement message anti-immigrant build-a-wall republicans?

I mean... seriously?  You think the people of latin america are going to rally around a bunch of people that want to kick their relatives out of the U.S.  These are the people John Gotts has worked for and supported in the past.  I doubt his views differ from theirs much at all.

Why is John Gotts giving 2 million BCL to Jared Rice from Arisebank?

Arise bank was shutdown by the SEC.  BCL claims to want to be the "first" (they're not) SEC compliant crypto. Does anyone believe that the SEC is going to support a coin that is literally funding the defense of someone they are prosecuting?

Where is the transparency?

John Gotts promised that the issuance of the 1 billion tokens they control would be completely transparent.  He said there would be a spreadsheet detailing who got what and what work they did for those coins.  As he tries to sell people coins for $17 a piece and people send him 100's of thousands of dollars.  He is giving away 100's of thousands of BCL to people like his cousin, Jared Rice and Crypto Connie for minimal to no effort at all.

Why have some large early investors gotten 5x bonuses on their coins while small early investors have gotten nothing?

Some of the biggest investors at 70 BTS have received up to 5x their holds as a bonus from Gotts.  He has done this secretly (though the blockchain knows all), and has not offered to do this for the many small investors who have been just as damaged by the price falling through the floor from the initial 70 BTS price to 3 BTS

This is really just the tip of the iceberg.  There is so much more that is wrong with this coin and I encourage anyone that is thinking of investing to do a ton of research before putting any of their hard earned money into it.

Or better yet, do yourself a favor and just stay far far away from this one.

Suaza, there are a few inaccuracies in your post. First of all, the CTO did not quit and is still actively working on the project. Secondly, John is manually working to get miners their coins inside BitShares so that they can exchange them until the gateway is complete or an exchange comes online. Your assumption about him wanting control is simply incorrect.

Did the release of the coin have been made 10 days ago ?