Can someone explain these 'ponzi' claims for a simple cryptocurrency? The only time it can be a Ponzi is if something is not delivered as promised. No cryptocurrency can promise increasing growth or stability, but bitconnect and others are showing how it should be done. The fact RegalCoin has no internal exchange (and the coinexchange.io one they are on has no authorisation API either so they can't trade automatically on there - i.e. no bots can trade
http://coinexchangeio.github.io/slate/ ) shows that it isn't necessary to have an internal exchange for stability of the price. Bitconnect's internal exchange allows them to halt trading when a panic occurs etc for extra protection of their coin holders.
When bitconnect do not pay out their member's USD lend amounts in BCC tokens, that is when people have a right to complain. Are they going to be short of BCC for a while? Actually, it is growing exponentially and the max supply is nowhere near reached (only 8million of 28milllion coins have been generated so far despite the good monthly staking interest).
You have to remember that people in that part of the world have significantly higher IQ's than the average in USA and Europe and there are many more geniuses (not to mention that those doing computer related work also are usually much more intelligent than average). The coin may eventually crash, as all modern economies naturally do in cycles, but they should be able to guarantee all lend amounts.
I actually find all these scam claims laughable because they have been profiting greatly from the lending in both BCC and USD terms as their coin has increased at a faster rate then the interest they pay, not to mention everything else. They could easily pay back every lend amount now in BCC tokens and not even touch their reserves as they will be paying back less than they received. Obviously, if everyone sold all this BCC at the same time, the value would plummet but that isn't what is going to happen. They are the ones in control of the price with their massive reserves that is also currently staking 8% monthly.
Just imagine if everyone tried withdrawing from their bank? Bitconnect have an advantage over commercial banks in that sense as they are able to pay everyone back immediately in their tokens and can halt their exchange if they sense the value is plummeting.