One of the most vocal local critics of a Bitcoin project which was originally slated to take place in Dominica in March is expressing delight that the matter has been scrapped.
The event, Let the Bit Drop, was expected to introduce Bitcoin to the entire citizenry but it was cancelled after organizers said they were not receiving support from the government of Dominica.
“I am happy that they have decided, in all honesty, to keep this fraud away from Dominica,” talk show host, Angelo Allen, told Dominica News Online.
For months Allen had railed against the project on his show hosted on privately-owned Q95.
“I suspected from the beginning that the Bitcoin event was not a legitimate developmental event for Dominica,” he said. “And of course from my international connections, I was also briefed about some of the people involved in the whole Bitcoin operation and I have some information about some of the offices that they operated from and some of their associates, which were in some cases according to the information I had were rather unsavory.”
The project was made public in 2014 amidst great fanfare by admirers of the digital currency and the event was expected to take place in March 2015.
But mere weeks before it was to take place, organizers announced that it was cancelled due to “recent reversal of country-specific logistical decisions.”
The organizers also said Dominica did not provide promised support and never met certain project deliverables, such as issuing a press release for the event.
Allen, said he decided to disseminate information to the people on the project, “particularly when I noticed the government of Dominica were highly involved in terms of allowing the logistics to be put in place, to change the name of Dominica’s Stadium to Bit Drop Stadium and also to have an international launching of Bitcoin in Dominica.”
He mentioned that his investigations brought up many things about Bitcoin.
“Putting it all together, quite frankly, I recognize that was a fraud in the making against the people of Dominica and as a result of that I reported on it,” Allen said.
Bitcoin is a digital currency, which according to CNN Money, was created in 2009 by an unknown person using the alias Satoshi Nakamoto.