Unless the people behind Bitconnect make everything transparent(how their lending bot works etc), we won't know if it is for sure. It is all speculation now, and probably should assume it is not decentralized(to be on the safe side).
RE: Are Bitcoiners using their "free fork money" to pour into Bitconnect?
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Are Bitcoiners using their "free fork money" to pour into Bitconnect?
Ive been involved with program like bitconnect claiming to use lending bots or trading bots etc.. Its the same model; except this time, crypto is involved.
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Oh dear.. what is it? It's probably a scam. You say "except this time, crypto is involved"... Bitconnect is ALL crypto. There is nothing else involved.
People say Bitconnect is a danger to crypto because puts peoples money at risk when the real danger to crypto are those who are so irrationally biased against it that they convince people through their intentional ignorance or emotional blindness by misrepresenting it that it convinces people that actual scams are of equal risk.
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Oh dear.. what is it? It's probably a scam. You say "except this time, crypto is involved"... Bitconnect is ALL crypto. There is nothing else involved.
May be a scam under the disguise of a cryptocurrency. Many red flags, you can't just ignore it, not when money is involved.
Yea people do say that but it is not my opinion though. The problem isn't about crypto. They could use fiat gold etc. The problem is that the model being used resembles closely that of a ponzi scheme and should not be taken for granted.
I agree. Very well put.
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