They are not offering ~1% daily returns on your USD or Bitcoins, they are ONLY offering ~1% daily returns on your BitConnect tokens paid in BitConnect tokens, there are a handful of other altcoins that offer returns for holding the coin like Dash and ALL proof of stake altcoins including Ethereum within a year according to Vitalik Buterin the creator of Ethereum.
BitConnect token is a terrible altcoin that will become worthless extremely fast after they stop growing exponentially so I don't understand why anyone in their right would buy BitConnect tokens unless they have some kind of gambling problem and love betting their money with terrible odds. But this does not mean it is a scam or a ponzi, it just mean people are stupid.
I would sell you my poop for 100 million dollars if you wanted to buy it and I could offer you to get 1 free poop from me every month(over 3% daily returns paid once per month) aslong as you have the poop and I am still competent to take shits, this does not mean I am a scammer if you actually bought it even if I think you overpaid, it only mean you are stupid.
Are we talking about the same BitConnect that has ads plastered all over Coindesk and some other shitcoining sites?
I have a feeling that probably not. Because THAT BitConnect is clearly offering 1%+ daily returns on USD:
https://bitconnect.co/bitcoin-information/19/investing-in-bitconnect-lendinghttps://i.snag.gy/hrLztX.jpghttps://bitconnect.co/bitconnect-learning/41/after-completion-of-my-lending-contract-would-i-get-back-usd-or-bcchttps://i.snag.gy/PWEbyo.jpgAnyways, they actually quite plainly state it's a fucking ponzi, case closed:
https://bitconnect.co/bitconnect-learning/1/what-is-bitconnectThe coin supply channel has fixed steady supply of new coins, where coin demand channel is more strong and will take over the supply channel with more community members join in Bitconnect ecosystem and lend or stake their BCC.
The missing part is - what happens when everyone on the planet Earth has joined the "ecosystem" and there is no more growth in the "demand channel"? Do they have a plan to build spaceships to scam remote galaxies?
Yes we are talkin about the same BitConnect. You can't deposit or withdraw USD on BitConnect so we could just aswell call it dogshit instead of USD. They are offering 1%+ daily returns on USD that you are forced to buy BitConnect coins with because there is nothing else you can do with the USD on BitConnect, so it is the same as getting paid in BitConnect coins.
