Topic: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency - page 256. (Read 384600 times)

Gleb, bitconnect doesn't require people to use their real names according to their faq section... the section you quoted contradicts that. But also what private information do you mean, because someone's username is the same as their referral link name so it's hardly private.

The bitconnect and bitcoin addresses on the platform when logging in are not shown on the account pages and are not the same each time. You literally have to press the deposit button for the address to come up (and sometimes it says the address is unavailable as I've shown before when they've had problems creating addresses). So the address for deposits probably change regularly and are not the same each time. They are never shown on the account pages except when someone clicks the deposit buttons. That is when an address is shown but I don't know how permanent they are.




UPDATE: Just saw someone post this in the comments to the 'glitch' fiasco on their site

Am I required to reveal my identity?

No. Bitconnect members can choose whether to specify their real name on public profile or remain known as a pseudonym.  If you wish to use your authentic name and verify your identity with bitconnect system, that would be more desirable. When you stand behind your Bitconnect activity with an authentic name, our community is more accountable overall.

Brent Edward  usopen65667268 • 3 days ago
They are not using the blockchain to actually store people's accounts. This is similar to the way many exchanges currently work. They give you a deposit address, but once your funds hit that address, it is swept back out and into their own pool, with an entry made into their database. Likewise, when you make a withdrawal, they have to pull the funds from one or more addresses before they can actually send it to you. Unfortunately, this is also similar to the way a bank works, i.e. called fractional reserve banking. So while blockchain assets are being accounted for coming in and going out. Internally, it's more likely some SQL database keeping track of everything.

No it's not, man!

Asshole Bruno checking in to once again prove that BitConnect is a 100% scam using their own words.

https://bitconnect.co/terms-of-use/


For the retards in the audience slower than the normal retards, allow me to read the highlighted part slowly to you. Please pay attention else there'll be no cookies and milk for you later.


Can one of you special retards tells me what that means? ... Don't raise all your hands at once now. ... Nobody? ... Okay, I'll tell, and afterwards cookies and milk.

It means that a person can't be 17 years plus 364 days old. Nor can they be 17 years plus one day old. And definitely NOT 16 years old. Why? Because 16 year old people are younger than 18 year old people. To put it another way, 18 year old people are older than 16 year old people.

Any questions? Yes, Jimmy. ... Jimmy asked what kind of cookies you all are being treated to. The answer is peanut butter and strawberry cookies with mercury frosting, served with imported milk from Fukushima, Japan, because the establishment wants to see all of you glow ... I mean grow.

https://youtu.be/gD0ut74tYgs?t=35


At the 35 second mark (linked above), CryptoNick clearly states that he is ONLY 16 years old. From today's lesson, is 16 years old older or younger than 18 years old? If you answered younger, then you, too, can have some of them delicious cookies and milk. How many referrals does CryptoNick have, you ask? ONLY 1,700+.

Now, if BitConnect wants to prove that they are operating on the up-and-up, then they'll do the most logical thing - suspend CryptoNick's account and clawback his referral bonuses and all the interest on his investment paid out since it's 100% evident he lied about his age when he agreed to their ToS when joining the program.

Feel free to refute the above, S2B, whereupon I'd gladly stick your fifth post - like your other four - back up your moronic asshole, you fuckin snowflake who can't handle adult language.

This thread is starting to become nonsensical. Every member has bitconnect addresses and bitcoin addresses to send BTC and BCC to. It may be that the coins are quickly moved out into storage wallets so remain empty most of the time.

Anyway the end is nigh....just saw this video lol https://www.youtube.com/watch?v=6m3Fks8liUw


Don't join control-finance though that is obviously some scam.....they could be gambling with the money to try and double it themselves (50% chance lol). Their Benjamin is obviously some actor too (great british accent there)  https://www.youtube.com/watch?v=Kev6On0qs0M

Why would upwards to 500,000 people become members of BitConnect, yet have no intention of participating in their wonderful program?

That 6,156 figure reflects exactly how many wallets there are to date, with a given that many folks maintain more than one wallet, it's safe to assume that there's less than 6,000 people invested in BitConnect, a majority of those investing the bear minimum - U$100.


This dude is going all in with showcasing his retardness. Sadly, this guy is in either the conservation for libertarian camp since he just dissed liberals which I'm not one. Please welcome your newest member, Retard S2B.

hello dev,

is it the bounty sig and tweet still available?

thanks and regards

Okane Satoshi

I'm not promoting this shitcoin, I hate it. I've been blasting Bitconnect for months now.

I don't know how Bitconnect manages their platform wallets, but I assume the "wallet" they give you isn't a separate address that shows up on the blockchain, it's just a number on a spreadsheet. All that being said, Bitconnect must have more than one user for each of their addresses, hence 100,000s of users for just a handful of addresses with coins in them.

Why would upwards to 500,000 people become members of BitConnect, yet have no intention of participating in their wonderful program?

That 6,156 figure reflects exactly how many wallets there are to date, with a given that many folks maintain more than one wallet, it's safe to assume that there's less than 6,000 people invested in BitConnect, a majority of those investing the bear minimum - U$100.


This dude is going all in with showcasing his retardness. Sadly, this guy is in either the conservation for libertarian camp since he just dissed liberals which I'm not one. Please welcome your newest member, Retard S2B.

I think Bitconnect has a lot more than 6,000 victims. They had a Facebook account, which now no longer exists, that had over 120,000 likes on it. I wonder what happened to it, even the Facebook link on their website is now dead.

Here's Alexa rankings:

https://www.alexa.com/siteinfo/bitconnect.co

It's hard to say how many site views that they have, but it's clear they have a high user base to rank at that level. Bitcointalk.org is in the 4000s and according to this site's statistics, there were already over 5,000,000 page views for the first day of September and there are over 1,000,000 members here. My guess is Bitconnect has somewhere between 250,000 and 500,000 members. Most of them probably don't even have a BCC wallet, why bother to withdrawal when it's a useless coin anywhere else. Deposit BTC, buy BCC, lend BCC, repeat. Bitconnect must hold the majority of BCC themselves.

you sound like a bunch of liberal retards. ponzi ponzi ponzi  hitler hitler  why is it a ponzi and why am i hitler. make an argument stop accusing.

So you see everyone who screams Ponzi is either a TROLL or a HATER or even a DUMBASS.

I'm going to put an end to this Ponzi scheme bullshit once and for all! Everyone who says its a Ponzi scheme says that it is because BCC offers a 1% guarantee on returns per day THIS IS FALSE. No where is it guaranteed 1% a day!!

Now here are some facts to help people out.

they performed a pre-mine to generate at least 4.8 million coins
they adopted a Proof of Stake / Proof of Work system. Proof of Stake essentially means, that anyone holding BitConnect Coin in their wallet will receive interest on their balance in return for helping maintain security of the network.

Now, what do you get, when you mix these two facts together?
Proof of Stake allows them to accumulate interest on their pre-mined coins! Let’s assume they kept only 2,000,000 BCC from their pre-mine. Their current holdings would look like this: 1,543,122 BCC (interest since Jan 2017 till June 2017) + 160,000 (interest since July 2017 till August 2017) = 1,703,122 BCC accumulated in interest since Jan 2017 till today. In USD, at the current USD/BCC rate, this would be $102,187,320. Remember, this is from the interest alone!

So everyone saying they dont know where the money comes from well this right here explains it.

Now, let’s quickly recall the basics of how BitConnect service works. You give them Bitcoin, take in exchange BCC (their own token), which eventually… you give them back again (lend). So… who in fact holds most of the BCC tokens?;> And who takes profit from the Proof of Stake?:> Yup, you got it. They have a virtually infinite supply of them due to the fact that they have staked millions of BCC, which they are accumulating interest on.

So in essence, the interest they are paying you, does not have to be their returns from trading, but simply just the interest they get from their Proof of Stake system!

Just for fun, let’s see what fraction of their BCC holdings they need to redistribute to their users to keep them happy. First we need to make some assumptions, because I am unaware of how many users they have and what average amount of Bitcoin their users send them. I think the following assumptions might be reasonable:
10,000 users, with an average BTC deposit of 0.1 (~$220 at the time of writing this). This means that they have approximately 1,000 BTC in holdings. For an average user of 0.1 BTC, in 1 month they should expect around 0.035 BTC in interest, if they’re getting 1% per day. Multiply this by 10,000 users and you get 350 BTC per month, that they need to pay their users… But they don’t pay them BTC, they pay them BCC!
So in 1 month they are expected to pay their users approximately 350 BTC * (40 BCC / 1 BTC) = 14,000 BCC per month. Earlier in this article, I calculated the approximate amount they made in interest due to the fact, they are staking their pre-mined coins. In this month alone, assuming they staked around 2,000,000 coins, they have accrued about 160,000 coins. That 14,000 BCC they need to pay their users is a mere afterthought.
Having a look at the richest BCC address, which I think is more than reasonably assumed to be owned by BitConnect, they can easily sustain 100,000 users just on the interest accrued from this address alone!

So you see everyone who screams Ponzi is either a TROLL or a HATER or even a DUMBASS.

if anyone is interested then join on my link i am making very good returns on BCC even during the crash i was paid what i was owed.