Quote from: FollowTheBritcoinMoney on March 04, 2018, 11:54:27 AM

Leigh Will Mo

Did you do your due dilligence when checking the claim of £50million personal fortune ?

Are you aware of how many have been defrauded by Daryl and his team ?

I was not aware of the various allegations on your blog. I think I only saw your blog towards the end of my time with Britcoin. I considered myself to be the tech guy, and trusted Will and Leigh to inform me of other relevant stuff. You can see no-one brought your blog or allegations about Fields Data Recovery up in the thread at the time either.

(I don't really feel like looking at it now, but: there are allegations, and there are things he or his company has been punished for, I guess. If there are true allegations that he hasn't been punished for, I wouldn't know that those allegations are true. I mean, there is someone shouting "SCAM!" for every crypto and every exchange, but if you listened to all of those shouts you'd invest in nothing.)

I did not check Daryl's fortune. Did I claim he had 50 million pounds? I only thought he was a multi-millionaire. Anyway, of course we didn't check his bank balance or all his investments. We did go to his large house and meet him with his advisors.

The 12K GBP went to me and Will as salary payments. Daryl gave us a choice of how to receive it, and we elected to become employees of one of his companies for that 6 months as that would be the easiest way to do things. So we each got 1K GBP a month. There was some more money too, for expenses, which I think was supposed to be up to another 3K GBP, but after the initial purchasing of servers and such, it started getting hard to get them to respond to requests for money. I ended up paying a lot of my own money as I mentioned in a previous post.

The crypto/altcoin market was in the doldrums when we initially met Daryl and his advisors, so any deal to revive it seemed good -- I would not have been able to afford to work without payment -- but given how everything crypto boomed later on, it now seems we shouldn't have bothered. Unfortunately it seemed that we talked Daryl into the whole thing too and he's not tremendously interested otherwise, so in that respect it wasn't a good idea to give him so much of the coin either. So, it was a gamble that didn't work out. I hoped that in time he would do whatever was best for the coin, even if it meant giving away his own holdings or whatever, but I guess I was just believing or hoping for whatever I wanted to be true. At the time, it seemed worth the gamble.

Re: The 10 million BRIT that got minted: I, Leigh and Will got an amount to take us each up to a million each. Will got the most as he had the least (apparently he sold his to pay for upkeep of the servers during Brit's first run). Leigh got the least as he had the most, and I got a medium amount. There was some BRIT that was used to pay for expenses, I'm not sure how much. Darryl and his people got most of it, then. I don't know in what proportions.

I consider the BRIT I got to be a kind of venture share rather than a salary payment. I haven't spent it and don't intend to, so go ahead and dump ahead of me.

If you don't like that the 10 million were minted, as I now don't, this is a permissionless technology and there are things you can do about that. It's all open-source software too. You yourself can pick it up and continue developing it, or continue it from a past point before you consider that it went bad. Daryl and his people do not own Britcoin itself, nor the Britcoin copyrights.

(You can also cause a significant percentage 'pump' on C-Cex yourself, by buying the minimum amount at the lowest available price on the order book -- As Britcoin lacks a market maker, there is a large spread.)

greenmo

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