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RE: Incentive trees and what we can learn from Bitconnect
every crypto doenst have to file but bitconnect had there exchange and comp[any registered there so they do
the link to U.K site is accurate bitconnect operated in the U.K since the beginning and owes taxes for trading there
I am very familar with how POS works examples you give are from legitimate cryptocurrency with vastly different workings than an ICO token
again you make illogical statements trying to say there are similarities between strong well based cryptos and bitconnect when there are none
now with regards to taxes stating government would be after citizens gains through taxes bitconnnect is a a company and was registered in the U.K to trade and give legitimacy to
Well seems like you are determined to call it a scam and yes the UK government would shut it down in 60 days....why you so negative why call it an ICO token???
Man you points are well noted, this is my final points though... cryptocurrencies are still in its embryonic stages and what is legal to illegal isn't clear cut, the concepts and codes governing the blockchain aren't well understood and clearly it can be seen from our discussion... How do we legitimize one project from the other, how do we reach consensus as a community....these are some of the challenges that are ahead, I see a lot of baseline accusation and character assassination, the ecosystem is a very toxic place filled with jealousy, if Steem were to regain momentum an enter into the TOP10 again we would see attacks calling it a scam circulating again, probably we can thank the Dollar Vilgilante for taking on some of its biggest critics.... let discussion how the concepts work and how we can use the blockchain and the code that governs it as our guide rather than trying to run with the saltiness of others
evidence shows it is a scam
it is an ICO and isn't recognized by other reputable exchanges or users experienced with
how to tell a scam from a legitimate business is easy whether crypto or not
audit-able records, transparency, security, good practices reputable development team to name a few all of which bitconnect doesn't have
again you try and liken bitconnect and steem when there is no connection or similarity to compare except a form of POS which 100's if not 1000's of other coins tokens have
Present the evidence... Ask all the crypto projects to do an audit, present it, probably that's a good consensus moving forward.... You consider it a scam, don't invest in it, that's a good deal but the arguments you are using isn't evidence
criminal tax evasion is enough solid proof to show they are scammers
evaluating an investment is the same with crypto or any business bitconnect has gained so much because of the amount of people who have high positions and reputation in community's joining the scam and pushing to all
i hope everybody involved in promoting bitconnect lose every satoshi and deserve to
Well I hope crypto makes your financially free and your prosper man....
Tax evasion though???? Have you read the Panama papers or better put have you read the recent Paradise papers???
I wish you the best, may the green pips be with you and hope that you become successful in this space.... I sense the passion probably you can tunnel that into shining light in cryptocurrency
again trying to draw similarities between something irrelevant to support your participation in a scam
people like you who care more about scraping profits and helping scammers goes against crypto and every scam is damaging for the space as a whole
Who told you I am a participant???? Have you seen me promote this here in anyway I am simply commenting on the merits as I see it.... Have you seen me drop any referral link?????
I hope these kind of thinking does not take over Steemit.... anyway I noted your points, I hope you reflect on mines
the fact you try to make illogical comparisons in defense likening bitconnect to legitimate coins and other aspects like governments with taxes shows you defend it in a underhanded manner