Post
Topic
Board Altcoin Discussion
Re: Bitconnect Ponzi Investigation - Officially linking known ponzi scheme promoters
by
Yamagemazaki
on 21/10/2017, 17:55:33 UTC
These types of coins are exactly why cryptocurrencies need basic regulation. Nothing over the top or crazy but lets at least prevent the obvious ponzi schemes and scams. Having these types of coins in our markets and economy

is not good long term for the overall image of cryptocurrencies.

That's why this particular coin needs to be exposed as soon as possible because the bigger the fall the worse will be the fallout for other cryptocurrencies.  The future headline can be "$2 billion crypto ponzi falls" or "$10 billion crypto ponzi falls, governments start passing legislation to regulate, tax, and limit"