Mining; Monaco; MonaCoin. SCAM ALERT THE BILLION COINS SCAM-PONZI SCHEME. Even though The Exchange also does not qualify as a ponzi scheme by definition.

I've not heard of anyone taking out a loan from Bitconnect. Is it Bitconnect taking the loan?

How would they make money if their own bot is doing all the trading with all the loans on their own exchange? Things don't add up. People can potentially get their capital back in a ponzi before it falls apart. Of course, as far as I hear, they won't get the same amount of bitcoin back. Just the USD equivalent. So when BTC moons (as it has already for many Bitconnect victims), you get less BTC back.

And if BTC tanks, they'll probably be insolvent and not bother securing more BTC to pay back their 'investors.' That's all assuming the scheme doesn't collapse beforehand. Promotion of the ponzi will only make it bigger, and increase the damage not only to the numbers of people involved but to the reputation of blockchain/smart money networks and tokens in the public eye. A successful ponzi can get quite big and go on for a long time if it keeps suckering in people with promises of easy money by magic. Just look at the Madoff scam.

Ask yourself, how is this sustainable? Lending, trading bots, attempting to legitimize themselves by commissioning freelancers to write articles on the domain, it's all smoke and mirrors to obfuscate the ponzi scheme. I explain in the that promoting and attempting to profit from promoting a scam is participation in a scam. The risk of ruin calculator does not apply to the trading bots trading the market? No bot or human trader is immune from it. I've not entered any loan on there but I have happily mined and minted it. Only time will tell if the Bitconnect tokens are returned after the 299 days of bot lending.

It may implode tomorrow. I'm happy to play around the edges of it without risk, and I do share all of your sentiments. Perhaps I'll shift my graphics card back to Zcash tomorrow. Who knows??;). Craig had me sold on BCC. I signed up and did a $340 loan.

Glad I did since it's working fine. I was going to sign my girlfriend up under Craig's link and he would accept no less than a 100,000 USD loan in order to let me in his super cool FB marketing group.

I thought he was messing around. But he wasn't. He blocked me. Credit where it's due, Craig Grant DID give me a 1/2 a BCC token for answering a trivia question. That was nice of him. Not sure what happened with the greed, there. Craig aside though, ya gotta love the people who just post a picture of a pyramid and say 'SEE!

PYRAMID SCHEME RIGHT HERE'.

Rate this post An investment objective on ubiq a great crypto currency. I go over the pros of investing in ubiq and how it is an offshoot from ethereum and will dominate the crypo asset space.

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