Still a Ponzi though.
The mechanics of BCC are amazing though,
Check this out.
A $10,000 loan would have cost you say 10,000 BCC at 1 USD a coin, now you lend 10k with BCC with the price increase of bcc to over $100 you will now get 100 BBC tokens which equals to 10k in USD.
Now you lent USD not BCC so get back your 10k plus interest but bit connect made $1,000,000 off of your 10k.
The addition of a coin made it seem more legit but it made it very very more.
Sustainable.
Yeah it was pretty scammy and ingenious at the same time. I got rumblings that Laser Online is doing the same thing.... setting up their own coin...etc.
This video is ticking me off. I had trouble uploading from my phone so I had to do a really stupid route to get it up. It still isn't up on YouTube yet. Soon though!