Topic: Altcoin with lending program - page 2. (Read 674 times)
I'm still in half-half mind about lending programs. If you recall, crowdlending was the hip thing to do and P2P lending sites like BTCJam recently had to close after years of mismanagement and just plain bad loans all defaulting. Maybe people also forgot that P2P crowdlending including with Bitcoin was banned by China long before they banned ICOs. Even with so-called guarantees of loaned amounts, it was found out that the majority of these companies were just HYIPs or ponzi scams.
Butconnect is a lending site and running from longtime because they have good system but now many ico coming with copy of bitconnect system, we don't know how they run in long-run.
I don't think so, they use the blockchain for their platform because they can run their business the way they expected, even if anywhere in the world lending is one of the most profitable business because people will borrow money in the event they are on desperate need or even to have funds for business expansion. Borrowers have different reason so lending business will progress, the competition is big in the real world therefore they are starting a more revolutionary changes which is using the blockchain.
but i think your explanation is about are peer to peer lending, not a platform with lending bot, that use HYIP marketing plan,
in this case i just want share my opinion about altcoin with lending program thats use refferal program just like a HYIP or ponzi scheme
not a platform with peer to peer lending platform
thanks in advance for your respond
regards
Maybe people will not thinking about that,,
because they only want to make money on it, and mostly people like some kind of program with high return in short periode time,
because they only want to make money on it, and mostly people like some kind of program with high return in short periode time,
I agree it sounds like a Hyip.. But it looks like that's what's in vogue now
I don't think so, they use the blockchain for their platform because they can run their business the way they expected, even if anywhere in the world lending is one of the most profitable business because people will borrow money in the event they are on desperate need or even to have funds for business expansion. Borrowers have different reason so lending business will progress, the competition is big in the real world therefore they are starting a more revolutionary changes which is using the blockchain.
I was just talking about this in the DeepOnion community. Just off the top of my head I noticed the following new ICO's: Ethconnect, Hextra, Regal, and Elektra. There's a few others I can't remember off the top of my head as well. I suspect this is because of Bitconnect breaking the top-10 in MarketCap. What's crazy is that Ethconnect is an EXACT copy of Bitconnect, right down to the website.
I think all altcoin with lending program is bad for cryptoworld
especially because they make this token just like a HYIP(High yield investments program)
in online industry HYIP is known as Ponzi scheme, and people who start learn about cryptocurrency will think,
crypto investments is not good because of that alt
what do you think about this guys ?
especially because they make this token just like a HYIP(High yield investments program)
in online industry HYIP is known as Ponzi scheme, and people who start learn about cryptocurrency will think,
crypto investments is not good because of that alt
what do you think about this guys ?
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