Quote from: suchmoon on January 28, 2018, 12:28:14 AM

Quote from: AGM76 on January 28, 2018, 12:22:02 AM

Quote from: suchmoon on January 28, 2018, 12:17:50 AM

And just in case you missed those questions from earlier:

Quote from: suchmoon on January 27, 2018, 02:02:07 AM

I'm not asking about any other sites. Bitconnect - why didn't they refund their users in full? If they can't deal in USD I'm sure users would have been happy to receive BTC or ETH instead. According to you they were in great financial shape but they paid out in worthless tokens. Sounds a lot like a scam.

Furthermore, why did they shut off lending for EVERYONE if they had legal issues only in a couple of US states? And how exactly are they going to avoid those problems with their new scam - Bitconnect X?

Those are very simple questions based on your own statements. Do you have answers or not?

I keep trying to explain they didn't run out of anything and had made lots of profits by sharing the growth of the coin with the lenders (who didn't mind because they also made money). They only paid in BCC tokens and had loads of them. They only accepted BCC tokens too. They didn't need to have a BTC wallet on the site as people could even buy BCC with ETH on another exchange and send them BCC to the BCC web-wallet. I think these sites need to start using external exchanges and also only accept their own coin as this will stop people thinking they are stealing BTC (how is it possible they stole BTC if they didn't use it for anything or accept it as payment??).

About cryptos, I'm sure there are some that do buy-backs when they profit etc as that would make them not a Ponzi but all others would be just a bubble as nothing really is backing up the price. Also, they can usually be cloned if they are open source so they aren't unique either. They just depend on a community to support them etc.

You keep trying to muddy the waters with other coins and tokens. Completely irrelevant. Let's try one at a time:

Based on your claim that Bitconnect was financially solvent (even "had made lots of profits"), why didn't they refund their users in full? If they can't deal in USD I'm sure users would have been happy to receive BTC or ETH instead.

Please just stick to answering that. No need to waste your time with some stories about unrelated coins etc.

You have to understand many people made a lot of money with bitconnect while the lending was operational. I think bitconnect was supposed to do something about the people who only joined in the last couple of months but again this assumes the BCC coin won't go back up. Some people have even suggested (and got hated for it) that people buy back more BCC at the lower price as the averaging down will be immense. So if they were owed $10k at BCC=$363 (and got about 30 tokens) but bought another 100 at $10 now, the BCC price would only need to reach about $80 for them to get all their money back etc.