Topic: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency - page 37. (Read 384600 times)

Absolutely correct except for points 1 through 7 and this small addition:

0. Bitconnect is a ponzi scam and it has collapsed.

This was in youtube comments.
https://youtu.be/6PqBEmanFZU

Whiskey Leaks
3 days ago
Your list should look more like this:

1, The united states government finds out that a private company is using the same type of lending program as big banks but ACTUALLY pays its lenders a fair share of profit

2. Big banks realizes if it persists everyone will eventually be debt free and no longer need their services

3. Action suit ensues from USA

4. DDOS attack launched by FBI

5. Bitconnect releases lending funds

6. Bitconnect narative is changed with the help of NSA in social media and the sheep all agree

7. Everyone goes back to work like good little peasants for the Israeli ran United states banking machine

Personally, I would drop the 13, but besides that I simply love what they're lending.

The Sky is falling.   

You do understand that the whole concept of Crypto is DECENTRALIZATION and it will always be that way, if anything the more the Government's push, the stronger Crypto will grow.

Yes the lending platform scams have cost a lot of people money and there are retards who still invest in them, but I think by now after Bitconnect, Davor, Homeblock, etc people have woken up to the lending scams and they no longer suck the money they used to be able to do, greed will see that there are some fools investing in new/current ones but they will slowly become the minority rather than the 20-60% of people who invested previously. 

If anyone invests in ANY lending platform now then they either have too much money or they have too much greed and are lacking in Brain Cells.

The Governments CANNOT stop Crypto, it is Worldwide, so no matter what the U.S does, there is always VPN's off-shore exchanges, localbitcoins, etc.

Is there any update now?

BTW, have you watched this BCC comeback theory? https://www.youtube.com/watch?v=6PqBEmanFZU <- ROFL
[/quote]


Haha laugh now! This guy will be POTUS in 2024!

I think history would prove that you're an idiot. If it remembered who you were, that is.

Glad that BCC was delisted on livecoin and will be delisted on coinexchange this coming March 19.
Also, I doubt that tradesatoshi will still keep this coin on the market. I expect that there'll be an announcement from them very soon. No more exchanges , a complete shut off for the toxic bitconnnneeeecccttt.

BTW, have you watched this BCC comeback theory? https://www.youtube.com/watch?v=6PqBEmanFZU <- ROFL

If this is the wurst of times, then I'm goin' all in ...

I think history will prove that this coin was the single biggest factor in the success of crypto. If this coin had never existed, the seeming success of ponzis would have never been so widely copied. So many people would not have fallen victim to FOMO.

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It was not wall street involvement, it was projects like this that rolled out the red carpet for government intervention. The real enemy came for your money through a list of ponzis, HYIPs, and other scam alts. Governments and financial institutions no longer had to run to get on-board the crypto train and seek any relevance - they received an invitation to help stop the crime.

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We all could have made incredible amounts of money through crypto and left much on the table for the next generation(s) but I fear it is all over now. You can add this to the list of BTC demise predictions but never has the door been left this wide open to regulate and regain control over so much fraud. This is no longer a market of pioneers and innovators but thieves and charlatans.

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Welcome in regulation now or it will get worse.

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Thanks to all the mentally defected who think it is ok to steal from other people versus help. Regulation prices out true philanthropy of the masses. Remember when they said banking would be available to every part of the world? We have had regulated banks for a century so why hasn't that happened yet? It won't because there is a purpose for everything.

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Crypto was going to level this power out by creating new paradigms and give the wealth back to the people. Crypto project frauds are far worse than the system we have in place now. At least you can work and save your money without the worry of having someone hire you with a fraudulent contract or take your money with intentional failed stewardship.

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It only took 1 year to unravel. It was the best of times it was the worst of times...

They are probably having a lot of trouble sleeping at night.

Good point.

I would be really worried if I was one of those top promoters, its open season for scammers and fraud in crypto, there has been so much light shed on crypto in the last 6 months in terms of cracking down on fraudulent ICOs and scammers....it wouldn't surprise me if some of these people are made an example out of.

In Garza's case the SEC (and the FBI and other alphabet agencies) went through all the online shit - yes, including Bitcointalk posts - trying to figure out who's involved. If some of those Bitconnect shills on youtube can be found in violation of securities laws - that would be a good outcome.

They can go after the U.S based promoters though if they want.

And I would say that if the SEC or FBI wanted to find out about the initial set up including over seas based servers, providers, ISP'S, Domain Registrars, IP addresses etc, 99% of the time they will cooperate unless they are a totally hostile Nation. 

https://www.coindesk.com/us-securities-regulator-rejects-bitconnect-records-request/

The U.S. Securities and Exchange Commission (SEC) has denied a Freedom of Information Request (FOIA) on the BitConnect cryptocurrency investment scheme, citing an exemption usually applied to records tied to law enforcement.

The FOIA was sent by Florida lawyer David Silver, who though the law firm Silver Miller is representing clients in one of a number of lawsuits filed against BitConnect in recent weeks. Silver had previously sought a FOIA in relation to the controversial blockchain project Tezos, only to receive an identical rejection letter on Feb. 6.

As is the case with such letters, the SEC did not confirm or deny the existence of an investigation, and the letter itself is not proof that an active investigation is taking place. That said, Silver - who provided a copy of the newest letter to CoinDesk - said that he had been contacted by investigators from the Commodity Futures Trading Commission (CFTC) regarding BitConnect, interpreting that as evidence that an inquiry is underway at the U.S. commodities trade regulator.

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Doubt much will come out of this investigation? What can the SEC do to assist global investors on a ghost company not registered in the USA?

Everything is wrong with bitconnect from the profit pay out to when it is declared a scam project, what lesson can people learn so far ? I am not going to say anything about the lessons but everybody should look through and think to avoid future pitfall.

I would invite you to our new Signature Campaign but according to your post history, you may be unable to reach the self-imposed minimum 200 character count per post.

As a service to Investards, this ...

https://primelend.io/

It's normal to have more than one year's ICO running, so we should be more careful with ICO.

Danger, Will Robinson! A prospective Investard is thinking.