AGM76, you are a very dangerous person. I'll be gentle and consider you the victim of some kind of Stockholm syndrome here, you have my sympathies.
But the idea that you keep defending this, ahem, "project" (and its sister project) with inane things like "they paid 100 days of interest before shutting down" is mind-boggling.
A quick glance at the source code reveal that there was a ~5 million coin premine? The circulating supply right now is ~6.3 million.
So, AGM76, please stop advising people. All trading on the coin should stop or even more people will get hurt. What you are encouraging is dangerous.
But the idea that you keep defending this, ahem, "project" (and its sister project) with inane things like "they paid 100 days of interest before shutting down" is mind-boggling.
A quick glance at the source code reveal that there was a ~5 million coin premine? The circulating supply right now is ~6.3 million.
So, AGM76, please stop advising people. All trading on the coin should stop or even more people will get hurt. What you are encouraging is dangerous.
I missed this post before but would just like to point out that the premine is a good thing for these platforms (as obviously it is counterproductive for the coin to be dumped as it would cost them more in interest payments the less value it has). I don't recall how many were sold in the ICO but probably not too much but the other 3-4million was kept as a reserve but never put into circulating supply as far as I can tell (I think there is closer to 10million money supply now btw not 6.3). They may have had to use some of the reserve at the end as they paid everyone out at the same time, but I don't think they did (remember this reserve would have more than doubled if they staked it but not sure they staked all of it as it would have competed with the customer stakes). As a comparison, DavorCoin had a 10million premine and only offered 6million in the ICO. BTW, obviously it is not a good idea for the reserve to be put in supply as it usually would decrease the coin price from inflation but at least it is available if needed and would act as a warning sign that interest rates would need to be reduced (if the company weren't that clever about calculating things). In bitconnect's case they just kept accumulating more and more BCC as their lending was so profitable for them (so I can't see how they got anywhere near using their reserves).
Anyway I digress. For your amusement, I put together a small compilation of responses when coinexchange announced its BCC wallet was back online :
HEY HEY HEY
BTW just noticed something I forgot to take out that seemed to be from bitconnect but @teambitconnectx is a fake account