The easiest ICO scam is to raise funds and then disappear with the funds. Nico did not do this.
I disagree.
Based on your reason and logic in this, then Bitconnect would not be a scam.
If Bitconnect is a scam, it would have been gone months before the court order when almost everyone was shouting SCAM at Youtube.
If Bitconnect is a scam, it would not have given back all the money invested to the participants (yes, that's what happened; money returned back).
The price of BCC at such low level is because of everyone panic selling at the same time; such situation can happen to any legit company.
Thus Bitconnect is not a scam.
Clif High would ask: "Makes sense?"
Um, I said it was the
easiest scam. I probably should have said "one of the easiest" because I'm sure there are easier scams, but the ICO scam is pretty simple... setup a website conduct an ICO, get people to send crypto in.
Bitconnect was NOT easy but it made a lot more than an ICO. After all, they not only had an ICO, they followed through with developing a ponzi platform, marketing, promotions, etc. and ran it for over a year.
You're going to lose the argument all day long that an ICO scam like Facecoin is easier to pull off than a ponzi scam like Bitconnect, the level of effort cannot be compared.