I m decided to make a summary post here, why John Gotts is the scammer and all, who lost money because of him
(and BCL project) can link to this post for help explain to other people who he is and read about him.
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For someone, who don t want read all of this and want a short version - here it is:
1) John start the project (BCL)
2) Sell part of it to the partners for 17$
3) Starting the trade on Bitshares exchanges, where people buying his coins
4) Price of BCL gone for pennies
5) John close the trade and announce a switch to the new coin (BCL/EOS) in 1:1 proportion
6) People left nothing to option and send all BCL to him for future switch
7) After some time, John announce that he
WILL BE NOT DOING SWITCH to the new coins and BCL project is closed.
"Thanks for you money, guys, it s not my fault".
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I can say that all that Dmitry wrote (
https://www.linkedin.com/pulse/careful-scam-dmitry-dolgolaptsev/ ) is true.
I m also was participated in Bitcoinlatina project and scammer John Gotts scam all of us and just close the project,
leaving us with worthless BCL coins on hands, which we mined or bought on exchange, believing that BCL is good
and respectable project.
For make it clear, i m try to remember step by step how BCL fraud was done:
1) John Gotts starting Bitcoinlatina project and launch mineable chain, which is just a copy of Ethereum and nobody
knows, including John, why mineable chain is needed.
2) And because this was copy of Ethereum, sure that people mining a lot of BCL coins, because of low difficulty.
3) In the same time John create another copy of BCL - this time on Bitshares exchange, which is not mineable
and you can only buy it. Let s call it BCL (bitshares).
4) John sell BCL (bitshares) to initial investors/partners for 17$ for 1 BCL (!!!).
5) After this, he realised that mineable BCL is no needed at all and suddenly announce that mining will be over in the end of the week.
6) He announce that all miners can change their BCL (eth) to BCL (bitshares) and set deadline to this change.
7) People change BCL (eth) to BCL (bitshares).
8] Price of BCL starting to fall like a stone, because it s free market and nobody wants to buy BCL for 17$
(even for 10$, and even for 1$).
9) People just selling their BCL and John goes mad, because he can t believe, his precious coin not worth
as much as he wants. John claim all who selling as traitors ant start ban and kick people from telegram group.
10) He start to understand that on free market he can t control the price and announce that all holders of BCL
coins will be switched on the new chain, based on website and system he created (and where he will have total
control of inner exchange). Let s call it "John site".
11) He announce that trading on Bitshares will be closed in a week and all BCL holders must send BCL to his wallet,
from where all users will receive new BCL coins on "John site". And after switching to "John site", all users will move
another time to the EOS chain, when it will be released in 4 month and get BCL/EOS coins.
12) After that announce price of BCL finally crashes to the pennies and some of people buying lot of BCL for pennies.
13) BUT scammer John Gotts say that all who buying BCL for pennies not be able to transfer their coins to the BCL/EOS
on the future!! Great, right? You buying coin on exchange for your money and after you bought, founder of coin say that
your coins is worthless and you just bought dust
14) All the holders of BCL make final transfer of their coins to the John wallet and trade was shutdown.
15) John receive all BCL coins on his wallet and announce of waiting transfer to the new coins (to his site; and after that -
to EOS/BCL, when EOS will released).
16) Long story short - John not give to BCL holders not the new coins, not the EOS/BCL coins, when EOS finally was released.
17) He just say - "Guys, thank you all, but because of problem with crypto in Latin America (and this is BCL project was about)
i must say i close the project. There is will be no refund for BCL coins, and it will be no switching of BCL coins to the new project.
Thanks for your money. It s not my fault, sorry."
If you think that this is not scam, i don t really know how to call it. Many people, who trading on Bitshares exchange and who
bought BCL coin, was realised that they bought something that cost nothing. Because of founder decide to close the project. Nice, heh?
And i don t know what feel like was of John initial partners, which was assured by John bought his coins for 17$ in the start.
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It s fair, that proofs is needed. You can read something here, if you like:
Here is full thread about BCL from the start:
https://bitcointalk.org/index.php?topic=3008918.0Here is what Stan Larimer, one of the most respectable mans in crypto, think about John Gotts:
https://steemit.com/bitshares/@stan/john-gotts-just-violated-the-crypto-code-of-the-hillshttps://steemit.com/bitshares/@stan/bitcoin-latina-market-manipulation-caught-in-the-act____________
It s pity that scammer John Gotts can cheat so many people for their money, and can easily start the new projects -
now it s
https://stokens.com/ and not going to jail for his actions.
