The future of this project is very dim.
YET AGAIN (for the 4th or 5th time now?) John Gotts changed plans after Stan Larimer (the Godfather of Bitshares himself) called him out for token theft on Bitshares. He has decided to halt all trading and is “promising” to do a 1:1 token swap once the EOS chain is launched. Until then no one is allowed to trade the BCL tokens...
He has done everything in his power to control absolutely everything about BCL down to pulling funds out of other’s wallets because he feels entitled to ALL BCL TOKENS! Yes... John Gotts believes BCL is his gift to the world and also believes he can take them away from you if he deems it so. He’s judge, jury and executioner of this platform. In his view, THE BCL YOU HOLD IS NOT YOUR PROPERTY!
It also seems a lot of the miners were left out in the cold and weren’t provided the tokens on Bitsharesas promised after the “final swap” he promised last week. Sadly... mined coins not on Bitshares cannot be traded at the moment and unfortunately have no value (unless John almighty reopens trading again and decides to provide you the tokens on Bitshares which I highly doubt considering he’s an easily offended bloke).
The point here is... this project is dead. It has lost all credibility at this point because of its totalitarian leadership (aka John Gotts... and ONLY John Gotts).
To enumerate:
- The project has NO CTO AT THE MOMENT. He was fired and blamed for the Ethereum chain fiasco (which was totally and easily fixable I might add).
- All differing views or unsavory inquiries are actively repressed on the open channels of communication with the team by John Gotts and his team has been instructed to do the same. If you visit the Telegram to ask about anything happening here in BCT you will be immediately banned...
- Stan Larimer, once an advisor to the project, reported team members aren’t even allowed to raise questions about John’s decisions and are often fired on that basis alone!
- Promises by the team are often broken. From Airdrops, atomic swaps of mined coins to mined coins swaps to make up for it... it is constant and moreover: EXPECTED at this point.
-So far BITCOIN Latina (never had any relationship to Bitcoin tech BTW) has ABANDONED 2 incarnations already: The original Ethereum based blockchain (which is still running but has been abandoned by the BCL team) and Bitshares.
- John Gotts has blocked all trading of BCL on Bitshares after the falling out with Stan Larimer (again... more pettiness).
- John Gotts personally STOLE MILLIONS OF TOKENS from many of his adviser’s wallets including Stan Larimer and Jared Rice all because he wasn’t happy with how some of them were selling those tokens on Bitshares after expressly giving some of them coins with the expectation that they would be sold!
Here is Stan Larimer of Bitshares speaking about his experience with the project and the entire mess. The BCL conversation begins around 37:30:
https://youtu.be/TdV23-10ZKE- John has openly attempted to manipulate the coin in every way imaginable. Believe me... if there’s a way to screw over the project supporters John Gotts has done it!!!! This is exhaustively documented (he’s ballsy enough to do all this in the open and admits to it).
- Jared Rice’s Bitshares wallet is actively monitored by the SEC and it is unclear if this will cause deep scrutiny of the Project... hence it is highly doubtful this project will ever be compliant due to the blatant and well documented improprieties committed by this man!
- The EOS team is aware of all these events and does not plan to actively support Bitcoin Latina once it develops its project based on the platform (if it ever does...).
Do you need any more red flags?
STEER AWAY FROM THIS TOXIC MADNESS! DO NOT INVEST ANYMORE TIME OR HARD EARNED FUNDS IN THIS PROJECT.
I do not believe this is a scam... however, this project has been run to the ground by the same person who created it. NOBODY has benefited from this project in any way shape or form but John and whoever he has given the blessing to do so.
Again... STAY AWAY!!!!!
