As in investor of bitconnect I thank you for spending the time to put these posts together. I agree that long term stability with these numbers is not possible. You are obviously extremely knowledgeable on the subject and you seem to be fair minded so I'd like to offer you a small challenge which I think you'll easily be able to complete with your intelligence level.
If your life depended on it and you had to change the characteristics of the company in order to maintain stability, what would you do? What would need to change to keep it afloat and possible? I've seen legitimate companies come out with affiliate programs and ponzi like characteristics and then adjust the company structure to make it work once they've reached their accounts created goal. How would you do it if it were you were running the show?
I think it will blow or they'll dramatically change the payout structure. One of the two has got to happen.
I don't think it's possible. I have thought about whether they could stop the trading bot from paying the 1% daily, but if they did this, demand for the token would drop, and everybody would sell their BCC tokens when their lock-out period ended, driving down token prices for BCC. At a certain level of BCC token value dropping, they would no longer have enough BCC token to repay the lending wallet redemptions.
I imagine the bot may start paying less when they start penny pinching, but at that point what are they protecting because people will stop investing. Might as well just run with the money at that point.
Cool insight. Thanks man 👊🏼 Shared your post to some people I chat with about BCC and I'll continue to do so. I like providing information positive or negative.
what they can do other lending programs are doing this is cap the amount in the daily interest wallet lets say 80k, that would break the compound and the lender would have to start from a low number say 20k to let it build back up to 80k again.
Great point. For sustainability's sake, something will have to change as the demand grows.