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Author Topic: [ANN][♔] Britcoin.com | 5% annual PoS | Always on TOR [BRIT]  (Read 53708 times)
britcoin3
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July 07, 2016, 07:37:29 PM
 #121

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.  We’d increase the coin supply limit by about that amount too, to keep people staking.  He’ll 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.  It’s 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?

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donacid
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July 07, 2016, 08:03:34 PM
 #122

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.  We’d increase the coin supply limit by about that amount too, to keep people staking.  He’ll 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.  It’s 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 Smiley

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July 07, 2016, 08:43:46 PM
 #123

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.  We’d increase the coin supply limit by about that amount too, to keep people staking.  He’ll 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.  It’s 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?

If this is at all being considered, I can only presume there'll be a lot more info about who this person is and what their plans are before the fork happens? No point in double-killing the poor coin after 2 reincarnations!
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July 07, 2016, 08:46:07 PM
 #124

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.  We’d increase the coin supply limit by about that amount too, to keep people staking.  He’ll 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.  It’s 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?

If this is at all being considered, I can only presume there'll be a lot more info about who this person is and what their plans are before the fork happens? No point in double-killing the poor coin after 2 reincarnations!

More information about the investor to follow, stay tuned.

























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will7am
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July 07, 2016, 09:12:04 PM
 #125

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.  We’d increase the coin supply limit by about that amount too, to keep people staking.  He’ll 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.  It’s 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?

As someone who attended the meetings and having being the one who launched this coin orignially in 2014 I'm actually very excited about the future for Britcoin, now that we've secured funding. Smiley

The main problem we ran in to in the early days of this project was we had zero capital and as such everything was done voluntarily.  As you can imagine someone can only work on something for free (actually at a loss if you count the bills) before they have to give up and do something which earns a living.

I know some people may have issues with the way new coins will be issued, but I like to think of it as a private ICO where we're getting funding to further this project and in return the investor gets a share of the newly minted coins.  As things stand Britcoin hasn't had any major development work done for over a year and we have next to no liquidity or trading markets available.  Without our investor willing to fund things like development and marketing then it appears nothing will happen in the future with Brit.

We have some cool plans for Britcoin the coming months, which will be laid out in full soon.  This will include a much improved desktop wallet, new website and a bunch of services that will give us a good foundation to move forward..  And hopefully a bespoke mobile wallet as well. Smiley

Our goal from the start has been simple.  A p2p decentralized digital currency designed to be used within the UK and beat BTC to the post as a real alternative to traditional payment networks.  Now that we have an investor it looks like this goal is possible and we'll do everything we can to realize it.

All the best and a big thanks to mogreen and leigh for not giving up and keeping the Brit dream alive!



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July 07, 2016, 10:13:54 PM
 #126

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/


























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Token Sale Starts on [ 12 October ]
[ PRESALE IS OPEN ] ●●●






































leigh2k14
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July 07, 2016, 11:24:48 PM
 #127

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.  We’d increase the coin supply limit by about that amount too, to keep people staking.  He’ll 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.  It’s 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 Smiley


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.

























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Token Sale Starts on [ 12 October ]
[ PRESALE IS OPEN ] ●●●






































fiftyseven
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July 08, 2016, 12:06:41 AM
 #128

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?

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July 08, 2016, 02:55:47 AM
 #129

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.  We’d increase the coin supply limit by about that amount too, to keep people staking.  He’ll 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.  It’s 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?

WOW, this is an exciting news. Really nice to hear that. I guess forking 10M coins to support the involvement of this investor would be fine because it would really help Britcoin now. Does he intend to use some of the coins for marketing and promoting purposes though?
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July 08, 2016, 06:05:14 AM
 #130

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.

























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July 08, 2016, 06:06:26 AM
 #131

I will answer more questions on Sunday, I'm off to a music festival for the weekend.

Please discuss amongst yourselves until then.

Leigh.

























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July 08, 2016, 06:24:44 AM
 #132

you make signature campaign or not, or your ready faucet site distributed your founded coin,
is ready iam try collect your coin by faucet
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July 08, 2016, 09:03:45 AM
 #133

This is great news. Nice to have something to get a bit excited about. Looking forward to some updates.
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July 08, 2016, 10:17:23 AM
 #134

This is great news. Nice to have something to get a bit excited about. Looking forward to some updates.

Yea this project has been floundering for the last year or so but hopefully now we have the backing and support to get the ball rolling again.

We have a development roadmap but it's private right now and needs some work before it's released publicly.  Stay tuned! Smiley

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July 08, 2016, 10:34:23 AM
 #135

This is great news. Nice to have something to get a bit excited about. Looking forward to some updates.

Yea this project has been floundering for the last year or so but hopefully now we have the backing and support to get the ball rolling again.

We have a development roadmap but it's private right now and needs some work before it's released publicly.  Stay tuned! Smiley

How to get fast sync britcoin wallet..??do you have solution..??
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July 08, 2016, 10:41:01 AM
 #136

This is great news. Nice to have something to get a bit excited about. Looking forward to some updates.

Yea this project has been floundering for the last year or so but hopefully now we have the backing and support to get the ball rolling again.

We have a development roadmap but it's private right now and needs some work before it's released publicly.  Stay tuned! Smiley

How to get fast sync britcoin wallet..??do you have solution..??

We're going to be adding a fast sync option in the new desktop wallet, until then I'll upload a fresh copy of blk0001.dat and post a download link here.

It's uploading right now (1mbit upload speed  Cry) and I'll post it as soon as it's up.  It's just over 500mb. Smiley

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July 08, 2016, 12:40:29 PM
 #137

Ok, here's a copy of the Birtcoin blockchain data file for those who don't want to wait for the wallet to sync

https://firedrop.com/5db9cd048ca70e6f


Where to put the file:

Linux:

~/.britcoin/

MacOS:

~/Library/Application Support/Britcoin/

Windows:

%APPDATA%\Britcoin

(This defaults to C:\Documents and Settings\YourUserName\Application data\Britcoin on Windows XP and to C:\Users\YourUserName\Appdata\Roaming\Britcoin on Windows Vista, 7, 8, and 10.)


I'll try and get mogreen to add the link to the OP since it's obvious people aren't fond of waiting 24+ hours to sync their wallets.  Hopefully soon this won't be an issue once we've added a fast sync option to the new wallet. Smiley

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July 08, 2016, 03:35:12 PM
 #138

Great to see britcoin is still around.
Also Will7am is bae <3

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July 08, 2016, 04:54:07 PM
 #139

Great to see britcoin is still around.
Also Will7am is bae <3

Thanks mate, appreciate your support  Grin

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July 11, 2016, 05:30:56 PM
 #140

Any others have anything to say about the investor and the creation of more coins?

























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