Yes but 1% daily, almost everyday is unrealistic imho. We still recive "interest" on holding SP 2% yearly.
I wouldn't invest a cent in a system with no proven bussines model or disclosure on how they manage investments.
Just because they pay out now isn't proving that it's not a scam.
The beauty of a ponzi scheme is that you cant know 100% it's a scam unless it all comes crashing down and everyones money dissapears.
Investigate Bernie Madof and what he did and the people he scammed.
He was paying 10% yearly to all investors for 50 years and people were crying and begging to get in his fund.
Also the type of people he scammed were much smarter than the type of people bitconnect is scamming now and because of that the system will be sustainable for much longer. I can see bitconnect staying for another couople of years for sure. Because if everyone just reinvests their earnings and bring more people, they have $$ to pay the old investors and as long as everyone doesn't want their money in the same time or the influx of new cash doesn't decrease. It will work. But for how long?
No one can say for sure.