Quote from: Vilrex on November 14, 2017, 02:40:41 AM

Quote from: longshort on November 14, 2017, 02:28:16 AM

Quote from: Vilrex on November 14, 2017, 01:48:46 AM

they have 8,392,580 bit connect coins (BCC) at 258.19$ each its 2 165 285 640$ so they have 2 billion dollars, they can pay everyone for years to come, and thats is if bcc stays at the same price, which it won't, it will keep rising due to the demand they have created of it, (you need to buy BCC to make a loan) which creates a demand and it makes the price go up, + they are staking their own coins, which means that they control all of the supply so they have 28 million coins, with that they can pay everyone for a lot of years

Nope.

Market cap does NOT indicate how much money they have. Market cap is calculated from CURRENT price times the amount of coins. NOT the amount of money invested. If they tried to sell 8 million coins there's no one to buy them!!!

The only way the price got to $250 is because of market manipulation as they own such a huge percentage of the coins.

They probably have a couple hundred million dollars worth of BTC. In their wallets. Off the BCC platform. Out of reach of investors.

Once the website closes down for "maintenance" for the last time, everyone will be locked out of their accounts and anyone who manages to get their BCC out wont be able to find anyone to buy them. What value does BCC coins have if there's n "trading bot" to lend them to? ZERO.

BCC is going to ZERO someday soon.

I don't believe there is a trading bot either, they are making money from the coin going up in value, since they own almost all of the supply they are staking their coins themselves and paying people with it, example, I make a 1000$ dollar loan today, I need to buy 3.3 BCC coins to do it, after 239 days they will give me my 1000$ dollar back but they won't give me my 3.3 BCC they will give me the equivalent of 1000$ in my lending wallet and then I need to convert it to BCC again, so if the BCC token has gone to 500$ they will only give me 2 BCC tokens and they will profit 1.3 BCC for themselves,

That's the thing I find a little sneaky and that's really how the money is made. I don't class that as a ponzi. The UK gov will probably not like the idea of how wealth is generated this way but they maybe forced to accept the concept without creating new laws which the uk gov would probably not touch with a barge pole (and even if they did would probably take the U.K. until 2048 to sort it out).
Besides all the guy has to say is that they do not guarantee profit - quite a few $0 days on the platform and the site only claims upto 40% per month. Many uk companies get away with shit business practice and even advertising jobs that pay upto £100,000 per year but in reality only 1 guy in 1987 made that much based off 1 weeks performance pro-rated. So with careful wording such as that then the site will more than likely pass the inspections.

Plus Vitalik Buterins twitter thing states BCC is a scam "if it guarantees 1% a day" - well the platform does not guarantee 1% a day. The platform seems to average around 1% per day but in no means is that a guarantee. That's a world of difference legally speaking.

The Yorkshire Pudd

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