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RE: Bitconnect Exit Scam?

in #bitcoin7 years ago

Makes you wonder why if it is a scam and they have already made hundreds of millions, they just haven’t quit while they were ahead. To keep running the platform and introduce new tokens seems like a lot of work and effort. Is it possible their greed knows no end?
The fact is, the lending platform is unsustainable. So it is only a matter of time until it collapses or gets shut down. We are already seeing moves on the latter from various states and governments.
Bottom line, if you haven’t started yet - don’t.

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I don't agree with it being unsustainable theoretically, but it depends on if the price of bitcoin continues to increase indefinitely. In other words, I think it could potentially sustain for a very long time if they have honest intentions. My fear is that with state governments banning their lending platform, this kind of negative attention might encourage them to start packing up and get ready to disappear.

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