The bitconnect website is still up and running. The exchange I'm pretty sure is running as you can see here:
https://bitconnect.co/user/trade?Market=BCC (there was only a few bitcoins in 24hour volume so most people probably don't realise they can still use the exchange there - also this makes a mockery of how others thought they were inflating their volume before when now they only list $40k worth)
It costs very little to leave a website up and running, but that doesn't change anything about whether Bitconnect's lending platform was a Ponzi or not. What point are you trying to make?
The BCC token was only created for the purpose of running a Ponzi scheme. Now that the Ponzi has shut down there's no remaining use for the token. Sure you can still buy and sell it in various places. You can still trade Paycoin too if you want to.
Their roadmap is still up. Are they going to abandon it now? Not heard anything about it. They haven't updated any news on the site since January 19th, I think.
I've no idea. I suspect they will do whatever they think will net them the biggest return from new victims. If they can find some way of extracting more value from idiots then I guess they'll do so.
What I said about the devs not being able to dump their coin is true and not nonsense as they can only take profits from the lending rates as otherwise it is counterproductive to the whole system to take more profits.
They created a huge number of BCC tokens, and used them to create a Ponzi scheme. What makes you think that they didn't sell any of those tokens when the price was high? Why on earth would they create a massive Ponzi if the exit strategy was to end up with nothing but a bag of worthless BCC tokens? It makes no sense at all. Of course they sold some of their tokens.
There was no evidence they dumped coins when they cancelled the lending either and they still had over 2million coins out of 10million last time I looked .
So they only dumped 80% of them? Such saints!
It's very simple. The whole time bitconnect ran, the BCC price went up a lot faster than the interest they were paying. Including the capital releases, the lending was profitable for bitconnect as they were accumulating more and more BCC coins and paying out less BCC than the amount loaned to them. Assuming they had zero BCC reserves (although they actually had millions) they wouldn't need to use BCC from new investors to pay the interest so it wasn't a ponzi! The lending was like the reverse of staking coins in that people got back less BCC and not more for lending (including capital release) just because of the coin price growth. If they ever needed to use their reserves, it would mean that they'd be adding coins to the market and reducing the real value of BCC but this never happened! This proves all the coins they sold were legitimate profits from the lending system which they could use to market the coin (
NO DUMPING OR STEALING FROM INVESTORS). The lenders didn't mind paying this as they still made good interest on the investment. How anyone understanding this can think this was a Ponzi is beyond me. For example, if they had web staking (which they were going to have and not just in the desktop wallet), that would pay extra BCC coins and cause inflation... the lending didn't even get to that point and was the reverse of staking so was nowhere near a ponzi!
Regarding affiliates, remember the BCC loaned to bitconnect could also be staked by them (8% a month or so). Affiliates could easily be paid with this without causing damage to investors. Remember that all coins investors bought could also be staked the same way so it's not like they are being disadvantaged by the inflation as they would get the same staking rate too. This doesn't even consider all the millions of BCC reserves that bitconnect could have staked, which I don't even think they did much as it probably would have made staking more difficult for coin holders.
