What are your point,why are you keep insisting that this project is going to run,the dev have proven all your accusation wrong,now that you cannot prove anything you have become a fortune teller accusing this venture of what it is going to do in the future..
Why not go to the street carry a staff and preach the end of the world,now you are resorting to fortune telling..
If you have a valid proofs bring it on we like to see and disscuss it..
HAHAHAHAHAHHAHAHA. Jesus. Now I can see why the haters get so abusive.
Updated Jan 12th :-
The below are the points raised by either one or multiple members / investors
(Full disclaimer : I am an investor in their lending platform)1) No escrow account for their claimed 1500 BTC Investment. : Dev's Official Answer : No answer or Escrow is not required. (Read however you like)
2) Earnings from their Bitconnect Lending Platform has been auto converted to BCC coins without consent or option to withdraw from original deal (Used to be BTC withdrawals) : Dev's Official Answer : No Answer. Requests for refunds denied.
3) Address / Company Proof of existence : Dev's official answer : No answer.
4) Exchange Listing of BCC Coin :
Will be in place by Jan 10th.* Deadline Missed. Is not being listed in any exchange but their own.
5) ICO was extended by 10 days (Dec 31st - Jan 10th). Reason quoted officially was "Due to christmas and new year holidays".
Those are the 5 points that I could pick up.
The way I look at it, they are using some of their earnings from members lending platform account and terming those as "investments" which is a part of the 1400 BTC that is claimed (I am speculating). Hence no requirement for escrow.
*Original exchange List date was supposed to be in Dec, however, Bittrex pulled out. No comment from BitTrex on the "Why's".
Some of the ones that are defending BCC, are being paid to do it, via campaign managers as part of their ongoing promotion. Other supporters include investors and onlookers.
Those that have invested stand to gain by increasing the hype around it so they can sell the hype, increase demand and make a quick buck.
Those that are claiming this ICO / BCC is a Scam are onlookers, investors, doomsayers.
Mislead investors by stating both before and during ICO that coin will be listed on not one but multiple exchanges, took funds, and did the opposite, once again without consent or approval or indication that this was to happen.
Last response from Dev was a day back. Addressing none of the above concerns. But merely a "We have an exchange now, our own exchange".
All earnings from their lending platform is now effectively worthless as the exchange to the Bitconnect Coin is below average as they aren't listed in any exchange.
Based on the above points :
SCAM ALERT! STAY AWAY!Electronicash : As per what I understand and the model, this is a ponzi scheme where the original investors will have to wait a very very very long time to get their money back. The longer they are made to wait, the more new funds come in, so it will crash [ICO prevented crash] but take a very very very long time. The coin, mining, exchange, and everything else is just a gimmick / a mask that a Ponzi scheme is wearing. As is, the value of BCC (1 BCC can be had for 0.005 vs 0.01 when launched) is at half of what it was pegged at (Pegged to value of BTC at that time), with staking coins you get some 2.3% Returns per week if value stays the same. So all in all, you need to wait a minimum of 25 weeks to first recover the devaluation of BCC of 50%, and another 25 weeks to make any money from it, if at all it does. The value of BTC in the background is questionable at best. Didnt do the whole math, just at the surface this is whats going on here.
Ultimately, weather a investor makes money or not depends on value of BCC which is now pegged at $0.7 (value of BTC, but cannot be sold at said rate) and Bids at $0.35 (Which is what it gets sold at depending on interest in the community). With little to no value in the coin apart from "Staking" => Read: Buying and Holding the said currency. You create an artificial demand of a currency that has no value apart from a proclaimed "Buy me and get rich quick scheme".
So the hypsters apart from being paid to hype, will also eventually loose if they have actually bought any of BCC. Which none will show screenshots of or any proof of. And ofcourse they will continue to say BCC coin is going to skyrocket to $5. However, As the currency is pegged to BTC, if an investor needs to change his currency, he can just buy it directly from Bitconnect platform, circumventing the need for the Local exchange, else the BCC being pegged to BTC, there is no use for that mechanism. If I dig more, I should be able to uncover more, but rather focus my energy on something else that will disrupt this scheme. If this is not a ponzi scheme, and has actual value, the just ignore what I said, afterall you have nothing to fear, right? The above is based on what is in effect right now.