If it wasn't for government regulations in the U.S., Bitconnect lending and trading would still be active. It's just unfortunate we got screwed by refunding us BCC, which crashed overnight. It's back up to $30 now so we'll hold and see what transpires.
RE: Are all lending platforms Ponzi Schemes??? @BitConnect
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Are all lending platforms Ponzi Schemes??? @BitConnect
I think the case was bigger than just U.S. regulations. Although, I am not a big fan of big brother intervention. BitConnect was running in many parts around the world prior to the U.S.
I believe that there were internal budgeting issues that made things bad. Simply spending more than they were bringing in. A cashflow issue can destroy any business.
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