With the authorities around the globe cracking down on scams like this and USI-tech, all promoters better watch out! The authorities will come after you and take all of your ill-gotten gains! This industry (scam ICO's) will be hit really hard soon enough and I can't wait to see it!
Lots of people say Bitconnect is a scam, but nobody has proven it. What evidence do you have to support your belief that Bitconnect is scamming people?
Just like every other Ponzi in history, its not proven until everyone loses their money. You are the same as all the victims of past Ponzi's. "it works for me so cant be a scam". How many times in history does it have to happen before your realise you've been scammed?
Here's just a few reasons why you should be sh*t scared of losing your money.
- Anonymous owners - Yes Bitcoin has Satoshi Nakamoto (anon) but he doesn't have your bitcoins does he?!? Bitconnect DO have your bitcoins so they SHOULD NOT be anonymous. Why are you giving your money to people who wont show their identity!!?
- High emphasis on recruitment - All ponzi's require new people to survive. Hence the % referrals for existing member recruiting new member who bring more BTC into the wallets of the mystery BCC owners.
- Centralised - 100% centralised, unless you are one of the very minority who keep coins offline. 99% of BCC and BTC invested in Bitconnect is controlled and in possession of the Bitconnect owners. Ask yourself, if that website didnt load today, could I get my coins? No, you cant.
- Targeting the poor and inexperienced - Look around you. Anyone you see that has invested in BCC is brand new to crypto and does not fully understand what they are doing. Promoters are targeting poor countries to recruit uneducated victims. Look at google analytics and see the the top countries for yourself:
https://trends.google.co.nz/trends/explore?q=bitconnect.
- Crypto geniuses call it a scam - How many blockchain prefessionals do you need to tell you its a scam? 1? 3? 10?? How many?
Vitalik Buterin, Michael Novogratz, Charlie Lee, Jameson Lopp, Erik Vorhees, Jackson Palmer. And thats just a few who have taken time out of their day to call out this centralised shitcoin.
I guess what I'm trying to say is that the EVIDENCE is common sense, along with the historic indicators of a ponzi scam. Charles Ponzi and Bernie Madoff would be proud of this one, thats for sure.