LGC-Coin fights back against the Financial Times

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Last week, we told you about a “prestigious” cryptocurrency for the luxury sector that markets itself as an “exit coin” (we don't understand either): LGC-Coin. It claims to have a devilishly high market cap of a $6.666bn (genuinely), yet doesn't seem to be listed on any exchange.

In case you need a refresher, and just because it's such a superb picture, here is the founder, Luke Wilson (screenshot from LGC-Coin's white paper):

You would have thought they'd be pleased we told the world about them.

But it seems our coverage didn't go down too well with LGC-Coin. The company now appears to be desperately trying to get other media outlets to re-spin the press release they sent us (which was about an “inspiring deal” that saw a mansion being bought for £16m worth of LGC-Coin).

Our friends over at crypto news site The Block were kind enough to send us the email they received. Subject line: LGC-Coin — Financial Times.

We had copied and pasted the message with a view to bolding some of it to give you guys the highlights, but basically every phrase is a highlight so we decided not to bother. Here it is, unexpurgated (to shamelessly borrow a word from Alphaville founder Paul Murphy):

To whom this may concern.

After the recent article within the Financial Times May 3, 2019 which became the top cryptocurrency news story, achieving twice as many comments as any previous article, yet unfortunately focused on documenting an inaccurate story relating to a year-old ICO. The negativity even stretched to both LGC-Coins recent African charity work and the avoidance of acknowledgment relating to our recent press release confirming the single largest transaction for a property in cryptocurrency history.

We are now attempting to take the fight back to those choosing not to accept digital change and ask for consideration in publishing this momentous achievement which will change the complete cryptocurrency landscape for all.

Please find both FT article: https://ftalphaville.ft.com/2019/05/03/1556879113000/Introducing-the--exit-coin--for-the-luxury-sector-/ and attached most recent press-release for reference.

Kindest regards,

Account Team.

How the “Account Team” at LGC-Coin got access to the FT's proprietary reader data figures to conclude our piece was “the top cryptocurrency news story” is unclear. It is also unclear what they actually mean by top (top in the FT, the UK, the world or simply on the southside of Vauxhall Bridge?).

They also fail to provide any details of the alleged inaccuracies.

That said, they do kindly provide a link to Alphaville and appear to applaud us for having “achieved” so many comments (thanks guys).

Either way, our interest is now piqued. And not just because of Mr. Luke Wilson's inimitable way of achieving public relations.

Related links:
Introducing the “exit coin” for the luxury sector — FT Alphaville
ICOmedy — FT Alphaville

  1. The Woz and the crypto wonga
  2. The crypto Buffett lunch has been postponed. Lucky Warren Buffett.
  3. A $100m ICO being sued by the SEC wants more of your money
  4. A crypto Buffett lunch is on the cards. Poor Warren Buffett.
  5. Introducing the “exit coin” for the luxury sector
  6. A failed ICO is trying to flog itself on eBay
  7. Crypto-shills
  8. Parliament gets it, crypto-currency bunkum edition
  9. The ICO whose team members are literally cartoon characters
  10. The London School of Cryptonomics
  11. Intel's disruption, and the problem with every token pitch
  12. Buy SEC tokens! Now!
  13. Crypto “hedge fund” update
  14. The CryptoMillionsLotto
  15. We ran away with your bitcoins!! LOL, JK
  16. About that Petro
  17. Michelle Mone brings a touch of the avant-garde to finance
  18. Conservative peer stakes her name on a crypto offering, just as the market crashes
  19. Crypto market put on notice — yet again
  20. ICO regulator anger translator
  21. Kodak makes last desperate bid for relevance with cryptocurrency
  22. Crypto cards just suffered a major setback
  23. Bank analyst very proud of his cryptocurrency mining rig
  24. Crypto startup wants to revive the non-dollar petrocurrency idea
  25. Crypto bust alert [siren]
  26. What ICO valuations tell us about the state of modern monopolies
  27. The Hitchhiker’s Guide To Cryptocurrencies
  28. This is nuts. When’s the crypto crash?
  29. Do crypto enthusiasts fear credit?
  30. What is tokenisation really?
  31. Trouble in ICO paradise
  32. An update on Harry Redknapp’s favourite cryptocurrency
  33. Congratulations on your sudden interest in cryptocurrencies, Harry Redknapp
  34. Crypto-Apple dealer attempts to avoid US regulators — updated
  35. Lol a FoHFs ICO, srsly
  36. The FCA’s belated views on the ICOmedy
  37. The hot new thing in initial coin offerings is…
  38. Dubai or bust for Baroness Bitcoin
  39. Westworld, cryptocurrency, and the gamification of women
  40. Don’t be fooled, the authorities are coming after ICOs
  41. Paris Hilton backs an eyebrow-raising crypto project
  42. So this is what watching a bubble feels like…
  43. Crypto-bailouts for struggling startups
  44. When crypto portfolios go mainstream
  45. What is crypto’s agenda really?
  46. Of crypto-Apples and other fantastical fruit…
  47. Evolution
  48. The best Risk Factors are Crypto Risk Factors
  49. From max to minimum optionality with Dentacoin
  50. Cryptocurrency exchanges could be subject to SEC regulation, too
  51. Three reasons we believe Alphachain is exempt from SEC regulation
  52. In ICO utopia, there is no division of labour
  53. Introducing Alphachain, the Alphaville initial coin offering
  54. Meet Daniel Harrison, the man behind magic money machine Monkey Capital…
  55. ICOs now take Visa (plus other ingenious solicitation temptations!)
  56. ICOs and the money markets
  57. In the crypto world, you can get something for nothing
  58. From dot.comedy to ICOmedy…
  59. What does a crypto startup do with $230m?
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