@vlemon Why don't you want to see people from poorer countries getting rich? You do know a lot of people getting rich off Bitconnect are not privileged, and are just ordinary people right?
So you are okay with programmers launching actual scams to get rich because they have so called "fancy" appearance and credentials?
So you are okay with bankers running the biggest Ponzi Scheme in history, where if you lend your hard earned money to the bank you have to pay them a fee while they take your money to make more money?
If you care so much about scams and poor people getting exploited by the rich why the hell don't you focus on the banks that get compound interest while offering no service at all? I mean you lend a bank your money, and they charge YOU to hold it, and then their pennies worth of interest is less than the $20 a month or more you pay just to pay the 'poor man's tax'?
This is about having the freedom to earn. Bitconnect is a crypto bank. It is the first crypto bank attempted. Of course you can say it is risky, it is a Ponzi Scheme, as you can say this about any bank or any crypto currency. Of course you can say if people stop lending money to the crypto bank or any bank that the bank will go out of business. THIS IS ABOUT GIVING ANYONE FREEDOM TO EARN CRYPTO and not just programmers.
What you fail to care about is the fact that the crypto bank is paying the interest for real. The crypto bank has it's promoters who bring in new lenders such as @craig-grant. The crypto bank is making the poor folks rich and the rich folks pissed.
Any opportunity which seems to be helping actual people, hard working people, to make real money, it seems to upset other people at the top of other pyramids. Sure you can say Bitconnect is a pyramid and sure you can say @craig-grant is near the top. The difference is at least we see regular people working their way to the top of these pyramids with no bias against nationality, gender, political views, etc.
If we lived in a world or even if in crypto there were so many equally good opportunities to Bitconnect then perhaps people making money from Bitconnect could care what you have to say. The problem is there aren't any better opportunities right now and you're not providing any opportunity to earn. Well okay, you do provide opportunity here on Steemit, but Bitconnect is growing faster than Steemit right now so they have to be doing something right.
The only valid argument against Bitconnect is that they are unregulated. Ponzi Scheme is not a valid argument. Making up conspiracy theories and fake news only gives credibility to Bitconnect.
What the **** are yout talking about. This is total nonsense and has nothing to do with Bank system or whatever.
This is a PONZI, PERIOD.
You are not helping poor by letting them put their 100$ savings that take longer to cash out that millionaires investments btw on your scammy platform (why such a difference if it is to help poor people...).
Anyway, Go on, Scam on and if you are convincing poor people to invest in bitconnect, I DEEPLY hope that you will lose your investment.
It has everything to do with the banking system. Do you know how the federal reserve works? Do you know how when you lend your money to the bank that it's actually not your money anymore and they use it to invest or do whatever they want? You are basically giving all your money to banks legally and getting what in return? You get fees!
Why are you okay with people paying a monthly maintenance fee of $10 to the bank?
https://money.usnews.com/money/personal-finance/articles/2012/08/10/10-annoying-bank-feesand-how-to-avoid-them
http://www.bankrate.com/banking/why-you-are-charged-hefty-bank-fees/
None of this is made up. If you were poor enough you would understand how horrible the bank fees are. Yet you trust the bank to keep your money?
So what about those bail ins?
https://www.investopedia.com/terms/b/bailin.asp
If you don't want to risk losing your money, just keep in fiat and stay out of crypto. Keep it in a bank where it's safe.
This is such another subject. I am very invested in crypto just not obvious Ponzi Schemes.
I work in finance and I understand VERY WELL how the Banking system and FED works.
So you finally admit it! You work in finance! You are a banker LOL!
So now your agenda is perfectly clear, I can end this debate.
I work in finance, I am not rich and I am super excited about cryptos. Just not Bitconnect.
I own ETH, LTC, XRP, EOS, SC, GLM, REP...
Just not your Ponzi Scheme.
You will likely never get rich and I have nothing against you personally. You work in finance though so you don't actually earn most or all of your income in crypto. Craig Grant and some of these others are more invested in crypto and more dedicated to it.
So of course you'll have the reasons to say what you say when you are paid by a competitor. There is a conflict of interest and I really think you should disclose on all future posts on this topic that you work in finance so people know.
Lol, I have a conflict of interest when this guy invested ALL HIS MONEY in Bitconnect?
I have none, I don't care about the future collapse (except it will splash on all other cryptos), I just want people to be aware that if they go for bitconnect, they are going into a ponzi!
Little off topic here.
https://sonm.io/ could become a Golem-killer. It's on Binance. I've sold my position for the time being. But I still believe in it. Also keep an eye on BAT and watch out for name calling commies!
I don't think he's a bad person marching people off a cliff for profit. He just seem like one of those innocent supporters of political candidate XYZ. He/she is delusional. The account name is probably a hint. I honesty don't think he's a bad person. But I do think he should be putting at least 90% of his liquid assets on BitConnect and keep re-investing as the pyramid grows.
@arthuradamson has written very well about this. We had a discussion and we both agreed that this ponzi could continue much longer. More suckers will be sucked into this financial blackhole.
At least there are some honest promoters/investors on steemit who outright claim it's a ponzi and they just want to make a quick buck before it ends.