People only criticise the governments and the banks for raising the warning over the cryptos and then when it crashes I hear only - scammers, Ponzi , fraudsters etc..
Guys, once and for all, we don't live in jungle and Bitconnnect did not corrupt half of the police . We have financial criminality police and FBI and all we the financial police and checks we have now is way more than back in 1980s or even 1990s. We have load of orgs monitoring many of the activities accross the cryptomarket. Don't you really that the authorities would have done something about masternodes and lending activities bynow ? I don't think really we can tag Bitconnect as ponzy no matter how many people will write that. It's just the market remember - INVEST ONLY IF YOU ARE READY TO LOOSE ALL . How many times you heard this on the radion , on the news about BTC and altcoins, . How many times you read that? Well this is the moment to experience it and learn once again the lesson - diversify , be careful and prepared for crash. Nothing stops BTC to be branded globally as ponzy and suddenly everything is over. Even the dollar can be dumped nowadays . Just don't put all your eggs in one basket , that's all i can say, after do what you want.
Topic: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency - page 85. (Read 384600 times)
It's funny...coins like DASH are allowed to go up in price and not be called a Ponzi (masternodes sure helped DASH - the promise of free coins forever for holding enough of them and not selling- sounds a bit like lending doesn't it? It basically works exactly the same way - PoS mining/staking isn't much different either except the yearly interest they give you is a fixed percentage instead of variable although the more often you stake, the more it compounds and higher staking amounts tend to pay more often)
DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
Increasing your font size doesn't make you smarter.
Quote
Ponzi
[pon-zee]
noun
1. a swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks.
[pon-zee]
noun
1. a swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks.
It's possible that someone may conduct a ponzi scheme using Dash or Bitcoin or US dollar (and in fact there have been many such schemes) but these currencies by themselves are not ponzi schemes and don't promise unrealistic exponential returns.
Bitconnect however was propped up entirely by its lending "business", which was a textbook ponzi.
Now try to stay on topic, which is Bitconnect.
Trevon and Carlos are changing the world as we know it...it just takes faith :-D weee
It's funny...coins like DASH are allowed to go up in price and not be called a Ponzi (masternodes sure helped DASH - the promise of free coins forever for holding enough of them and not selling- sounds a bit like lending doesn't it? It basically works exactly the same way - PoS mining/staking isn't much different either except the yearly interest they give you is a fixed percentage instead of variable although the more often you stake, the more it compounds and higher staking amounts tend to pay more often)
DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
Increasing your font size doesn't make you smarter.
Quote
Ponzi
[pon-zee]
noun
1. a swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks.
[pon-zee]
noun
1. a swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks.
It's possible that someone may conduct a ponzi scheme using Dash or Bitcoin or US dollar (and in fact there have been many such schemes) but these currencies by themselves are not ponzi schemes and don't promise unrealistic exponential returns.
Bitconnect however was propped up entirely by its lending "business", which was a textbook ponzi.
Now try to stay on topic, which is Bitconnect.
Hi. Here answers questions support bitconnect?
I wonder how many people made a lot of money on this and how many actually lost money
There must be a lot of people had dumped thier BCC, those traders who took advantage of its pump and have bought BCC at exchanges must have made a lot of money. I was thinking of buying when I saw the price keeps going up and I thought $200 is just too much this time, this pump must come down so I waited but it didn't drop instead go up to almost $400.
I wonder how many people made a lot of money on this and how many actually lost money
Anyone seen this @bccponzi twitter guy (if you think I have a lot of free time, then he is on another level talking about scams and ponzis haha):
It's funny...coins like DASH are allowed to go up in price and not be called a Ponzi (masternodes sure helped DASH - the promise of free coins forever for holding enough of them and not selling- sounds a bit like lending doesn't it? It basically works exactly the same way - PoS mining/staking isn't much different either except the yearly interest they give you is a fixed percentage instead of variable although the more often you stake, the more it compounds and higher staking amounts tend to pay more often)
DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
DASH is a different story than crappy BCC look at its markets to learn more about the different , many dash investors waiting for 10k $ not like the way here waiting for 10 cents DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
Quote
All the people saying it's a scam are probably in the minority.
Just count the posts on this forum and you will see who is in the minority
It's all because bitconnect made a lot of noise. But because of this he did not become a strong coin. This rapid decline indicates a weak ability to resist negative news on the market! Now I see that there are practically no sales volumes and the price has fallen to $ 14.4 ... Sad finish though I would not be surprised if the price rises again to 100+ dollars. True, the team will have to work hard and again to dial conferences where people will shout "BITCONNECT"!
Quote
All the people saying it's a scam are probably in the minority.
Just count the posts on this forum and you will see who is in the minority
It's funny...coins like DASH are allowed to go up in price and not be called a Ponzi (masternodes sure helped DASH - the promise of free coins forever for holding enough of them and not selling- sounds a bit like lending doesn't it? It basically works exactly the same way - PoS mining/staking isn't much different either except the yearly interest they give you is a fixed percentage instead of variable although the more often you stake, the more it compounds and higher staking amounts tend to pay more often)
DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
Staking is no ponzi. When you stake you are rewarded by the fees payed for transactions.DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
LOL you are not rewarded by the fees. A coin can choose any random staking reward they want in the code. Some like BuzzCoin pay 160% per month compounded (100% per month if you only get one reward a month but as long as you get it every few days it will compound to 160%). It hasn't done too bad. I actually sold too early or would have made about 10 more BTC. Obviously, BuzzCoin is more of a Ponzi than bitconnect as it didn't really have the value of guaranteeing the investment amount when you lend (as long as it was allowed to continue without being a Ponzi - remember the interest and capital release was always less BCC than was lent so it was never operating as a ponzi).
Thing with Dash is that you always have control over your Coins and the rewards for staking are always the same. The developers cant arbitrarily decide to change the rewards without consensus from all the miners and stakers. Main point with ponzis is that you give your Coins over to someone else, and they hold your capital and just pay you the interest (or not). When the price tanks, you can do nothing because they hold your money (and usually never get your initial investment back)
A coin like BuzzCoin is not a full ponzi because you keep control over your money. Coins like that will tend to go to 0 over a long period of time unless there is a hardfork to change the rewards. As price goes down, you always have the option to sell your initial investment plus the interest you've accumulated from staking.
I am probably not following you correctly but did you really mean that it's a Ponzi if you don't have control of the money and they don't pay it back? Bitconnect gave everyone their investments back (at the 15 day average value) and the value only went down because many sold them at the same time. The same would happen with any coin if a lot was dumped in one day. Like I said before, bitcoin has almost double the supply so should be half the value of bitconnect, all other things being equal. So a valuation of a few hundred dollars for bitconnect wasn't excessive. Everyone who spread the misinformation are more to blame for the current value than the investors of the coin. The site is still up and running, so the coin should increase again once they figure out what to do next.
Remember the BitconnectX ICO sells out every day almost immediately and takes in $13million worth of funds each time (although they value BCC at $150 since bitconnect closed the lending). How are so many people investing in it still if everyone thinks it's a scam??? All the people saying it's a scam are probably in the minority.
To AGM76
Man you should expose yourself publicly, with your real name and picture. I think there will be a lot of people who will gladly speak with you in private You should introduce them your wonderful ideas
Man you should expose yourself publicly, with your real name and picture. I think there will be a lot of people who will gladly speak with you in private
You should introduce them your wonderful ideas 
It's funny...coins like DASH are allowed to go up in price and not be called a Ponzi (masternodes sure helped DASH - the promise of free coins forever for holding enough of them and not selling- sounds a bit like lending doesn't it? It basically works exactly the same way - PoS mining/staking isn't much different either except the yearly interest they give you is a fixed percentage instead of variable although the more often you stake, the more it compounds and higher staking amounts tend to pay more often)
DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
Staking is no ponzi. When you stake you are rewarded by the fees payed for transactions.DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
LOL you are not rewarded by the fees. A coin can choose any random staking reward they want in the code. Some like BuzzCoin pay 160% per month compounded (100% per month if you only get one reward a month but as long as you get it every few days it will compound to 160%). It hasn't done too bad. I actually sold too early or would have made about 10 more BTC. Obviously, BuzzCoin is more of a Ponzi than bitconnect as it didn't really have the value of guaranteeing the investment amount when you lend (as long as it was allowed to continue without being a Ponzi - remember the interest and capital release was always less BCC than was lent so it was never operating as a ponzi).
Thing with Dash is that you always have control over your Coins and the rewards for staking are always the same. The developers cant arbitrarily decide to change the rewards without consensus from all the miners and stakers. Main point with ponzis is that you give your Coins over to someone else, and they hold your capital and just pay you the interest (or not). When the price tanks, you can do nothing because they hold your money (and usually never get your initial investment back)
A coin like BuzzCoin is not a full ponzi because you keep control over your money. Coins like that will tend to go to 0 over a long period of time unless there is a hardfork to change the rewards. As price goes down, you always have the option to sell your initial investment plus the interest you've accumulated from staking.
The world is so small...
https://www.youtube.com/watch?v=y2ttuaAk9VE&t=1s
https://www.youtube.com/watch?v=y2ttuaAk9VE&t=1s
Its a Ponzi Scheme haha, If you don't lend any Bcc that's okay, now its valueless coin no one will buy
It's funny...coins like DASH are allowed to go up in price and not be called a Ponzi (masternodes sure helped DASH - the promise of free coins forever for holding enough of them and not selling- sounds a bit like lending doesn't it? It basically works exactly the same way - PoS mining/staking isn't much different either except the yearly interest they give you is a fixed percentage instead of variable although the more often you stake, the more it compounds and higher staking amounts tend to pay more often)
DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
Staking is no ponzi. When you stake you are rewarded by the fees payed for transactions.DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
LOL you are not rewarded by the fees. A coin can choose any random staking reward they want in the code. Some like BuzzCoin pay 160% per month compounded (100% per month if you only get one reward a month but as long as you get it every few days it will compound to 160%). It hasn't done too bad. I actually sold too early or would have made about 10 more BTC. Obviously, BuzzCoin is more of a Ponzi than bitconnect as it didn't really have the value of guaranteeing the investment amount when you lend (as long as it was allowed to continue without being a Ponzi - remember the interest and capital release was always less BCC than was lent so it was never operating as a Ponzi or inflating the amount of BCC in circulation like staking does, it was actually deflating the supply and allowing the coin to grow faster).
It's funny...coins like DASH are allowed to go up in price and not be called a Ponzi (masternodes sure helped DASH - the promise of free coins forever for holding enough of them and not selling- sounds a bit like lending doesn't it? It basically works exactly the same way - PoS mining/staking isn't much different either except the yearly interest they give you is a fixed percentage instead of variable although the more often you stake, the more it compounds and higher staking amounts tend to pay more often)
DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
Staking is no ponzi. When you stake you are rewarded by the fees payed for transactions. DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
SysCoin DimeCoin .. what else is it ? 
Even TrumpCoin is better than this shitCoin .
Why are peeps investing 90%-100% in one coin .
Take a bow grasshoppers .. take a bow.
https://yobit.io/en/coinsinfo/?bonus=mTUoC
Even TrumpCoin is better than this shitCoin .
Why are peeps investing 90%-100% in one coin .
Take a bow grasshoppers .. take a bow.
https://yobit.io/en/coinsinfo/?bonus=mTUoC
It's funny...coins like DASH are allowed to go up in price and not be called a Ponzi (masternodes sure helped DASH - the promise of free coins forever for holding enough of them and not selling- sounds a bit like lending doesn't it? It basically works exactly the same way - PoS mining/staking isn't much different either except the yearly interest they give you is a fixed percentage instead of variable although the more often you stake, the more it compounds and higher staking amounts tend to pay more often)
DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
Interesting how much profit was raised by Bitconnect founders fro this "project". I could not imagine, taken into account that cryptocurrencies have made great profit in few last months. Anyway this money will be enough for establishing of new project. Don't trust to advertisement on trusted website...
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