Quote from: AGM76 on January 18, 2018, 07:12:29 AM

Quote from: germsite on January 18, 2018, 06:59:53 AM

Hello everyone, I read some comment that Bitconnect wants to pay the money to its customers. I don't believe that but if it was true where does that money come from? I mean there can't be any debate that the coin is worthless now and won't help to recover any significant amount of funds whatsoever.

They have made a lot of profit from their lending system. It was simply a way to share the profits from their coin value. They always paid less BCC back even including all the interest as it was converted into USD but in total it was worth less BCC coins as the value of the coin went up.

By the way, Craig Grant is promoting DavorCoin now (breaking news in the last hour): https://www.youtube.com/watch?v=zm5GZDULyBI

DavorCoin is certainly the best lending platform at the moment (with a few unproven competitors) but there has probably been a loss of confidence in lending due to all the incorrect information going around about bitconnect. They were never in any financial trouble so people need to stop worrying about the lending platforms.

Most of these lending platforms advertise their project with unrealistic returns in my eyes. It's often double digits per week and that can simply not be sustainable. Lending should actually be less profitable today as there should be more people competing for lenders / borrowers. Curious what the future brings in this area.