Quote from: MJMJ on August 27, 2017, 09:50:18 PM

Quote from: ChromaticStar on August 27, 2017, 09:31:28 PM

Your reasoning is still flawed. It implies that the only way for Bitconnect to profit is through speculating on the price of their own coin and this is highly risky. Their ads clearly state there is "NO RISK" so if this was a legit company, this is not how they would operate. You are making this way too complicated and risky to operate and ignoring all the obvious signs of fraud. There's no way this can function unless they have an outside source of income, coming from a volatility bot, which they most definitely do not have.

There are more than one registered Bitconnect companies located in the world. I do not know who this UK Fitzsimmons guy is, but he is probably not part of this Bitconnect.

Seeing the angry people on Bitconnect's website isn't helping them right now.

The UK company is actually them.

This is from the bitconnect website:

Thank you for your interest in BitConnect.

Please use contact form if you have any questions or requests, concerning our services. We would be happy to answer your questions. Enter your details and we'll get back to you shortly.

BITCONNECT LTD

THE PANORAMA PARK STREET ASHFORD ENGLAND TN24 8EZ.

Company Number :10278342.

And this is from companies house in the UK:

BITCONNECT LTD

Company number 10278342

Follow this company
File for this company
Company Overview for BITCONNECT LTD (10278342)
Filing history for BITCONNECT LTD (10278342)
People for BITCONNECT LTD (10278342)
Registered office address
The Panorama, Park Street, Ashford, England, TN24 8EZ
Company status
Active
Company type
Private limited Company
Incorporated on
14 July 2016
Accounts

First accounts made up to 31 July 2017
due by 14 April 2018

Confirmation statement overdue

First statement date 13 July 2017
due by 27 July 2017

Nature of business (SIC)

82990 - Other business support service activities not elsewhere classified

Filter officers
Filter officersCurrent officers
1 officer / 0 resignations

FITZSIMMONS, Ken

Correspondence address
The Panorama, Park Street, Ashford, England, TN24 8EZ
Role ACTIVE
Director
Date of birth
June 1978
Appointed on
14 July 2016
Nationality
British
Country of residence
United Kingdom
Occupation
Business Owner

And therein lies the rub. From the get-go, clearly BitConnect wanted its marks assured that they're dealing with a "real" company, hence depicting their charter.

When it became evident that no such person could be sourced at the given address, the marks then resorted to claiming that's a non-issue with Ken F. being Satoshi-esque. So what if the folks behind BitConnect lied when filling out their charter. Besides, we were all able to register on their platform anonymously thanks to the way they structured their company. It's not like tomorrow they're going to change that aspect and register again under the auspices of a for-real company where they'll have to comply with KYC et al. laws. WAIT, BREAKING NEWS !!!

Give an Investard a rope, and hell hang himself. Give an Investard a bunch of rope, and he'll help onboard other Investards so to hang themselves, some even their own German grandmother .