They can pay to investors from profit of the rise of BCC and BTC and that is without profit from a trading bot. Ponzi scheme works that you pay older investors with fresh investors, so no it's not a ponzi scheme...
And what if BCC and BTC fall in price? How do they pay the over 100% return per year that they are committed to paying, on arbitrarily large investments?
Also they do not guarantee anything
They guarantee 0.25% per day interest on any sufficiently large loan. Gains from the "trading bot" are on top of that guaranteed 0.25%.
And since they got 300k% profit from BCC and 10k% from BTC they can pay to investors for a long long time.
So you're saying they are dependent on BCC and BTC maintaining their high price? What if they both drop close to zero?
This is entirely new. So you can't compare this to past schemes as it is not the same... Money is there and payments are legit. The only thing that is enigma is the trading bot.
It's nothing new. It's an unrealistic unsustainable promise of outrageous returns.
Please research what a Ponzi scheme really is. Start with how Wall Street works or what Social Security is. Banks giving less than 1% interest on checking/savings accounts while charging 3% to over 30% interest for loans is okay and how life should be? Btw, your Ad hominem attack shows you lost the discussion. Happy New Year.
I know what a Ponzi scheme is. I'm not arguing that social security isn't a Ponzi. I'm arguing that BitConnect's lending platform is one.
I don't see how banks offering a bad deal makes them a Ponzi scheme.
You don't seem to be able to answer any of the points that I made. "yeah well look at wall st and the banks and anyway you called me stupid so you lose" isn't an argument.