Quote from: carlo.p on November 13, 2017, 07:15:58 PM

isnt it obvious? bitconnect is pyramid ponzi scheme but still it has supporters who always keeps on inviting anyone with their ref links, crypto world should be free of scams such as bitconnect so please kindly stop it

What a lot of people fail to realize is that the pyramid scheme has been designed to reduce layers after several stages

First it was 10
then it was 7
Then 4

Same with the interest rate. First it was an average of 1%, now it's 0.9%

It's an adoption mechanism for crypto currencies.

The only people that get "scammed" are people who are so greedy, that they wait until the end of the reserve to cash out. But even then they still get 100% of the initial loaning-crypto they put in.

This is why wikileaks supports Bitconnect. because it's an incentive structure that gouges fiat currency.