Bitconnect has been sent a cease-and-desist letter from North Carolina Securities devision, as well as the state of TEXAS.

So the issue of this being a potential ponzi might be coming to and end rather fast.

that long term lock up will be the end of many investors of this ponzi talk is proven correct.

I found it interesting how doing a 5 min online search that parties are mixed between "ITS CLEARLY A PONZI" and "I INVESTED AND IT WORKED" .

what is troubling is the people in the second camp that assume because they were payed anything then it can't be a ponzi, but that is exactly how a ponzi works.

the payouts are the fuel for greed and word of mouth to fill the coffers of the scammers.

its sad and things like this if proven true bring a mark of shame to the cryptocurrency world, and many laypeople will just assume bitcoin is a scam because thats as far as they read on the headline.

i do feel like its will within the communities reach to shut things down like this as soon as possible - then trying to game the odds your in the first group of participance's that get paid out.

my 00.02 and this is my first steemit post I hope I am learning to use the platform correctly

thank you in advance

R