Certainly sounds like a Ponzi scheme, now that it takes so much computing power to create one bitcoin there's no way they could mine for it. It also peers that they couldn't charge enough commissions on transactions to make that happen either. Maybe they're causing the increase in between prices by trying to buy bitcoin to cover their next pay out before the whole thing crashes.
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Steemit grows as users post articles, yes, soon people will be lucky if the get $5 for a great article.
Youre mistaken, why would users be lucky to only get $5? U think steem becomes scarce as users jpin? No thats not how it works, as users join the price of steem goes up because people save their steem and end up buying more, its not like when we double our users theyll be fighting over a maler and smaller rewards pool, no man
u think peopel were all getting paid thousands opf dollars for their posts in tghe opast or somethiong??!?!
the onloy reason YOU probobly experience low payouts, is because you may not have many followers! (u dont even hve a prpfile pic and thathurts you u shoudl add a profile pic, it shows u care about uir profile)
Anyway i thinku should rethink ur viw of steemit! maybe use it a lil moe and learn how to get followers by posting god content which u cant just do overnight u have to learn how to be intertesting and or find whats succesful on reddit or instagram to get ideas for posting on steemit
And also I dont knwow hat u think ui mean by "Steemit grows as users post articles" are u under the impression that posting artciles is equivalent to "Mining" like with bitcoin. because oiur DPOS delegates proof of serrvice system is actualy very different
ALSO to @briandenver what do u think u meant by "now that it takes so much computing power to create one bitcoin theres no way they could mine for it" but you were just talking about Bitconnect coin NOT bitcoin,a d bitconnect coin can still be mind, much easier than bitcoin, but so what do u man then? You mean u thought they coudl be usingtheir profit to mine BTC???
man cant u see that they could also be mining bitconnect coin??? OR they can just INVST in thir own Bitconnct coin WHICH SI WHAT thy do! they reinvest money into thir own cpin lik companies liek aple or facebook reinvst company profits into the company Stock making their own stock price go up, "Buying Back Shares" And bitconnetc is doing the same thing....Its just a crypto currency and its price IS gioingup which is more or less explains HOW they are getting thir money! Peopel would hav made even more money just investing in the bitconnect coin rather than actually doing the bitconnect loans and getting $10 per month for 299 days, from a $100 investment which they also gfet back at end of 299 days, so u basically triple ur money, but the price oif bitconnect has gone iup from $1 to $100 this year, so u see where the money is coming from? the daily percetage is just a way to garunte oprifut and the risk is that biotconnetc coin doesnt contineu going up, but it is m and peopel are getting oaid, they cant just counterfeit bitcoin to make payouts....abd the bitconnect cin they purchase has to show up in the blokchain, which anyone can moniter.....it would just be too much work to be a ponzi scheme because there would be no way to run away with the money AT ALL without causing bitconnect coin to looe all of iuts value, making it pointless to even try to steal themoney!
But i could be wrong! I acept that it COULD be a scam and it could STOP but they wont STEAL any money, they will simply stop the loans , maybe hange the rules, but on is going to loose their money like Mt Gox....has anyoen even gotten thir money back from mt gox? See Mt Gox is where people got ripped off, big exchanges is where people get riped off....i doubt bitconnect will ripp people off because of all the attention on them and all the opeople tracking them down to make sure they cant run off with any stolen coins.
Hey I hope I am not wrong but i could be wrong! I doubt that bitconnect is sojething to worry about...it is only doing a great job or actually promoting bitcoin to more and more people...by offering a turn key program to make money with.
sorry for my harsh commet im just very caffeinated today!
You can lead the horses to water but can't force them to drink. Then they die of thirst. You are right on every point! Love Bitconnect and making $$$ on all fronts. Thanks!