I know Bitconnect will be on the top of CMC within 1-2 years... Craig I told you about this thing... why you didnt put me as sponsor or correct it now??? Come on MAN!!!...
Anyway love your job no matter what...
Steem on!
Lasse
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Vitalik Buterins opinion about Bitconnect: ~~~ embed:926236948238360576?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fthenextweb.com%2Finsider%2F2017%2F11%2F03%2Fethereum-buterin-bitcoin-bitconnect%2F twitter metadata:Vml0YWxpa0J1dGVyaW58fGh0dHBzOi8vdHdpdHRlci5jb20vVml0YWxpa0J1dGVyaW4vc3RhdHVzLzkyNjIzNjk0ODIzODM2MDU3Nnw= ~~~
Good luck to you mate, but to everyone else, don't put your money down on this, if you have, get it out.
Disclaimer: I am just a bot trying to be helpful.
That argument could be used against Bitcoin or Ethereum or any ICO which grows 500% in a year.
Many of the same arguments which are 'favorites' against Bitconnect also can apply to Bitcoin. In Bitcoin early miners had to lend their computation resources in exchange for these tokens which somehow kept increasing in value. In the beginning you could barely buy Bitcoin, only on mysterious exchanges, and only one anonymous developer started it.
This is not to say that Bitconnect will last for years and years like Bitcoin but only to say we cannot immediately look at a project and be quick to label it a Ponzi or Pyramid Scheme unless we don't mind when people do the same to Bitcoin. A lot of people will lose money in Bitcoin because the market eventually will crash, but then some people at the top of the Bitcoin pyramid will have lots of money. Then you have ICOs some of which have actual 'pre-mine' which if we compare it to Bitconnect would be like a group of people who have been given credit for having given a loan. If we merely look at percentage return on investment well look at Ethereum which went up probably 2000%. If Ethereum is up 2000% couldn't people say that it has to be a Ponzi, Pyramid, or a bubble?
https://steemit.com/freedom/@godcomplex/if-bitconnect-is-a-ponzi-scheme-why-isn-t-bitcoin-also
I hope everyone else is wrong then and those who have money in BitConnect are right.
" I don't care what @vitalik says about Bitconnect" - I hope others want to hear what one of the smartest minds in crypto has to say about a project before putting money into it. That would only be wise. And being wise with money means you are less likely to lose them. So, follow lasseehlers who doesn't care and craig-grant who says things like
"Currently, the value of a BCC token is $280.82. If we multiply $280.82 by the total supply of 8,392,580 BCC, we get $2,356,804,315.60. That is how much Bitconnect could pay out at one time if necessary"
or listen to the man who has been in crypto for years and has created #2 cryptoproject in the world and is looked up to.
Just a warning to those who are still not hooked into this
All ponzis do, until they do not. Stay safe and good luck.
If we can keep calling Bitconnect a Ponzi then why not call Bitcoin one too? Why use the phrase of the government regulator to determine the worth of a decentralized technology?
It is risky, I even must admit, but so is Bitcoin, these ICOs, and practically everything else in this space. The same risk you take when you put $10,000 into some ICO, you are taking a risk putting it into some Bitconnect loan, or holding the Bitconnect token, it is opportunity cost.
But if you've got so much money that you don't care if you lose 10k, or if you are betting on crypto for fun or just because you don't know what to do with the money, well then it becomes different.
The issue is, no one should be betting their rent money or their last dollar on any of these tokens, not even Steem.
Are you seriously comparing Bitconnect with Bitcoin? Wow. There is a difference between putting money into obvious ponzi and investing in a risky ICO. To anyone not yet invested into this scheme, there are many other ways to take high risks to gain high rewards.
https://steemit.com/bitconnect/@vlemon/warning-do-not-invest-in-bitconnect-it-is-a-ponzi-scam-read-these-10-reasons-why
Go over the points in that post. Take your money out while you can, don't be daft.
So you are a true believer indeed. But these true believers also gave initial value to Bitcoin.
I did however see that Bitconnect development has stopped for the coin. They have so much money but so little development on the technology to make the platform uncensorable? Yet the focus is so much on starting up anonymous companies and so on?
Why not just hire some programmers to truly build it out so it does sustain?