Quote from: suchmoon on January 24, 2018, 03:46:50 PM

Quote from: AGM76 on January 24, 2018, 08:39:46 AM

It's funny...coins like DASH are allowed to go up in price and not be called a Ponzi (masternodes sure helped DASH - the promise of free coins forever for holding enough of them and not selling- sounds a bit like lending doesn't it? It basically works exactly the same way - PoS mining/staking isn't much different either except the yearly interest they give you is a fixed percentage instead of variable although the more often you stake, the more it compounds and higher staking amounts tend to pay more often)

DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).

Increasing your font size doesn't make you smarter.

Quote

Ponzi
[pon-zee]
noun
1. a swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks.

It's possible that someone may conduct a ponzi scheme using Dash or Bitcoin or US dollar (and in fact there have been many such schemes) but these currencies by themselves are not ponzi schemes and don't promise unrealistic exponential returns.

Bitconnect however was propped up entirely by its lending "business", which was a textbook ponzi.

Now try to stay on topic, which is Bitconnect.

Trevon and Carlos are changing the world as we know it...it just takes faith :-D weee