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?

in bitcoin •  7 years ago  (edited)

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.

People say Bitconnect is a danger to crypto because puts peoples money at risk....

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.

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.

I agree. Very well put.