A red herring is something, especially a clue, that is intended to be misleading or distracting.
Lately there has been an explosion of new lending platforms that in many cases are just copying and pasting the Bitconnect model of success, and make no mistakes BCC definitely is a success story. So we shouldn't be surprised that there are pretenders that are following along their foot steps today, or that more will come tomorrow.
But what does a red herring have to do with all the new Bitconnect copy cats? I think quite a lot, and here is why.
I think Bitconnect's creators were brilliant. In their genius they recognized that their system would be relatively easy to duplicate unless it had some proprietary technology that was pivotal to the system's success. And I think they also knew that getting a first mover advantage was imperative if they were going to entrench themselves in what they knew would be a massive industry. And I believe the "Volatility Software" is that proprietary technology which for all of 2017 has set their lending platform apart.
At the same time, I suspect the Volatility Software is a red herring. I suspect the software was imagined to misdirect any would be copy cats, and extend the first mover advantage of BCC.
This would make the volatility software something they designed alright, but not a real software which was programmed, nope. It is simply an idea, they came up with, to explain their profitability without admitting the true manner of profiting. The true money maker, as I've explained before, is the BCC token; it appreciates as a result of its built in use case: the lending platform. The platform entices continual token purchase, and allows Bitconnect to claim and resell each token at the end of a lending period for massive profits. If I'm right they do not need some lending bot to ensure our interest payouts or their success.
So what I am saying is that they did design the lending bot, but they didn't code it's software, they just imagined the idea of such a robot. They then presented the concept to the public to explain their profits, to dissuade copy cats. The copy cats were dissuaded till recently on the basis of the difficulty in creating such software, but that's the thing, it was never real. See?
It is a red herring, to distract from the real reason for profits, the lending platform's coin exchange, and principle pay out processes.
Genius.
I should say, I recently received some criticism from a reader, who in part complained that I need to create unique content, not copy and paste old posts. I understand and agree. However, I'd like to say with this post in particular, its kind of like others I've done but its so important to understanding how BCC could work and succeed forever that I felt going deeper was needed.
This issue is so important to me because it explains away one of the critic's main complaints about BCC. Critics complain that the software doesn't exist, and they use that as justification to call BCC a scam coin. But what if the software is fake, and was always a lie, but rather than being some malicious means to conceal an exit scam, or ponzi scheme, the software lie was really just a brilliant misdirection, what if?
I think if more people knew this, BCC would grow even faster. I think BCC could reach even higher highs. So I hope you will agree, and I hope you will share, and post in new ways similar content. Because I really want to see BCC reach $1,000 a token, and I think we can make it there. :)
I really believe in this token now, but I didn't always, and criticism over this alleged software was a major hang up at first for me, and probably is for others.
All that said, I hope this was helpful, and you enjoyed this.
If you did, up-vote, comment, follow and stay tuned.
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