I'm going to put an end to this Ponzi scheme bullshit once and for all! Everyone who says its a Ponzi scheme says that it is because BCC offers a 1% guarantee on returns per day THIS IS FALSE. No where is it guaranteed 1% a day!! Now here are some facts to help people out. they performed a pre-mine to generate at least 4.8 million coins they adopted a Proof of Stake / Proof of Work system. Proof of Stake essentially means, that anyone holding BitConnect Coin in their wallet will receive interest on their balance in return for helping maintain security of the network. Now, what do you get, when you mix these two facts together? Proof of Stake allows them to accumulate interest on their pre-mined coins! Lets assume they kept only 2,000,000 BCC from their pre-mine. Their current holdings would look like this: 1,543,122 BCC (interest since Jan 2017 till June 2017) + 160,000 (interest since July 2017 till August 2017) = 1,703,122 BCC accumulated in interest since Jan 2017 till today. In USD, at the current USD/BCC rate, this would be $102,187,320. Remember, this is from the interest alone! So everyone saying they dont know where the money comes from well this right here explains it. Now, lets quickly recall the basics of how BitConnect service works. You give them Bitcoin, take in exchange BCC (their own token), which eventually you give them back again (lend). So who in fact holds most of the BCC tokens?;> And who takes profit from the Proof of Stake?:> Yup, you got it. They have a virtually infinite supply of them due to the fact that they have staked millions of BCC, which they are accumulating interest on. So in essence, the interest they are paying you, does not have to be their returns from trading, but simply just the interest they get from their Proof of Stake system! Just for fun, lets see what fraction of their BCC holdings they need to redistribute to their users to keep them happy. First we need to make some assumptions, because I am unaware of how many users they have and what average amount of Bitcoin their users send them. I think the following assumptions might be reasonable:
10,000 users, with an average BTC deposit of 0.1 (~$220 at the time of writing this). This means that they have approximately 1,000 BTC in holdings. For an average user of 0.1 BTC, in 1 month they should expect around 0.035 BTC in interest, if theyre getting 1% per day. Multiply this by 10,000 users and you get 350 BTC per month, that they need to pay their users But they dont pay them BTC, they pay them BCC! So in 1 month they are expected to pay their users approximately 350 BTC * (40 BCC / 1 BTC) = 14,000 BCC per month. Earlier in this article, I calculated the approximate amount they made in interest due to the fact, they are staking their pre-mined coins. In this month alone, assuming they staked around 2,000,000 coins, they have accrued about 160,000 coins. That 14,000 BCC they need to pay their users is a mere afterthought. Having a look at the richest BCC address, which I think is more than reasonably assumed to be owned by BitConnect, they can easily sustain 100,000 users just on the interest accrued from this address alone! So you see everyone who screams Ponzi is either a TROLL or a HATER or even a DUMBASS. if anyone is interested then join on my link i am making very good returns on BCC even during the crash i was paid what i was owed.