I was thinking about BitConnect the other day and correct me if I'm wrong, but the idea is that we use bitcoin to buy bitconnect coins/tokens/whatever and then that is loaned out for others to use? It seems like a great way to extract BTC, which has unlimited potential and repay us with USD. Obviously, it could be a great way to generate passive income but if I were a scandalous Multi Level Marketer - it would also be a great way to exchange promises for potential wealth.
I hope I'm wrong in my assessment, can I use USD to purchase into bitconnect and then loan it out? Sorry for the rant - I love your work.