Yeah, you seem to like saying 'ponzi' a lot without acknowledging bitcoin as being the bigger Ponzi than bitconnect.
We've talked about this before. You were unable to provide any evidence for Bitcoin being a Ponzi. It's also offtopic in this thread.
I already explained how it's a better system for cryptocurrencies since it stops devs dumping their premined/free coins (which is the only way they can steal from investors) but Satoshi can dump his bitcoins I presume anytime he wants and make it worthless. The lending rates can be adjusted to the growth of the coin. The coin will usually grow as long as they can profit from the lending and use that to market the coin which is the only reason any crypto gains in value (it is only good if they use the same model as bitconnect- some other models have interest that is not really properly linked to the coin price such as falcon). Once they stop profiting from the lending and can't grow any more, they will have to maintain the coin price in some other way but at least people can't sell it all straight away with bitconnect's model if the coins are mostly locked in the lending so they just need to find more reasons for people to buy the coin when they reduce the lending interest rates, maybe for web staking or other new services or stuff like their new ICO etc. They decided to release all the funds at once instead of maintaining the coin price with other things because of all the complainers,
You have said all that many times before. People have told you why it's nonsense many times before. You can't believe it to be true. Why are you still shilling for this dead Ponzi?
I explained how bitconnect was in no financial trouble when they closed the lending. All the complainers caused everyone else to lose money.
Nobody thinks Bitconnect is in financial trouble. They made out like bandits.
By the way, who is controlling the price of BTC?
I think the market sets the price. Supply and demand. That's offtopic here.
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)
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.
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. 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 .
Yep, still no change in the top ten addresses:
Wealth Distribution
Top N addresses
Holdings
Percentage
Top 10
1,924,530 BCC
19.29 %
Top 100
3,465,824 BCC
34.74 %
Top 1000
4,613,053 BCC
46.24 %
All 180956
9,976,747 BCC
100 %
