Quote from: AGM76 on March 03, 2018, 12:07:14 PM

Falcon still doing good and $1.50 last I looked and the transaction volume reaching the millions whereas before it was only about $50k a day.

This thread has nothing to do with Falcon, which is a scam in its own right.

Quote from: AGM76 on March 03, 2018, 12:07:14 PM

I understand how people who tell the truth get hated on and it seems like you will never be able to see the truth as you have been manipulated to hate on bitconnect etc. What boggles the mind for me is your last statement. Crypto in general is all a Ponzi as nothing is backing the price (the only time it's not is when profits of the company actually REALLY affect the price with buy backs or they use profits to market the coins as in bitconnect's case - they could have done buy backs too but the lending was deflationary anyway throughout bitconnect's life so was obviously not a Ponzi and to buy back would be the same as them not selling all the extra BCC from the lending as profit). Where company profits are not directly affecting the price, all investors for most cryptos who win are taking it from others who lose or are left bag holding coins nobody else buys so are basically ponzis or bubbles (AKA greater fool theory) since NO MONEY IS GENERATED and often the devs hold free coins so they are NEGATIVE EXPECTATION FOR INVESTORS. Lending is obviously a better system than staking and nobody complains about PoS being a Ponzi even though it promises a percentage for holding the coins in the wallet which just inflates the supply. Lending produces profits for the company when it is deflationary (i.e. when they pay less interest than the growth of the coin) and even when it is inflationary it is no different to PoS staking*. Everyone else on this thread who doesn't agree is deluded.

* Although when it is inflationary, the company wouldn't be able to take profits without stealing from investors who are not in the lending or staking at the same rate, PoS in the same way favours holders of higher amounts of coins as they stake more often and compound their stakes more, so even PoS is unfair to small holders versus holders of higher amounts who will stake more often and get a higher effective interest rate when compounded.

And yet Bitconnect scammers ran away at its peak, despite this being such a brilliant business model according to you.

It was a ponzi and it has collapsed.