RE: "Bitconnect is just like Bitcoin" Really???

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"Bitconnect is just like Bitcoin" Really???

in vincentb •  7 years ago 

Great article! I completely agree. I have individuals trying to argue with me all the time by lumping every cryptocurrency together and telling me their all scams, etc. There are 1200+ cryptocurrencies now, but they all represent something completely different. And, though they all utilize a blockchain, their missions are all very much unique.

You really nailed it on the head. Bitcoin, LTC, BCH, etc., were all created to contend with our current fiat system. But, Ethereum, Tron, ADA, for example, were never meant to be a contender of our current fiat system. And, Bitconnect falls into another category entirely, as well. We have so many technologies utilizing the blockchain, all doing their own thing. Just because they have cryptocurrency associated with them, doesn't mean they're the same.

Again, great post!

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Bitconnect falls under the category of "blinded by greed". I'm glad that scam came crumbling down, but to this day I'm wondering whatever happened to this guy. Capture.PNG