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RE: How is Bitconnect Sustainable? How is Bitconnect Not a Ponzi?
Couldn't Bitcoin crash for the same reasons? Bitcoin only has value because geeks like it.
Couldn't Bitcoin crash for the same reasons? Bitcoin only has value because geeks like it.
"Couldn't Bitcoin crash for the same reasons? Bitcoin only has value because geeks like it."
Possibly, but since you want to make that comparison, lets test your logic a little bit?
I could go on with more, such as BCC reducing its payout %s or total coin supply whenever they feel like and other shady as hell red flags but I think I got my point across already so I'll stop at 10 points. Basically when everything is said and done, your Bitcoin vs Bitconnect argument is like comparing apples and oranges. Whatever, since your defending Bitconnect, that means you are highly likely invested in the platform, but the irony is any good ponzi scheme relies on drawing people in and making those people defend the scam due to being financially/emotionally invested (like you probably are), a method which is always used by a ponzi scheme to prolong the scam for as long as possible.
"Bitcoin only has value because geeks like it."
Who do you think made the computer/phone that you are using? Well basically every single thing of value...............