The Billion Coin (TBC) is an old scam. It was launched a year and a half ago (on Dec 5th 2015) and it represents a classic Ponzi scheme. Internet is full of explanations how TBC works and some blog posts are also published on @steemit.

In summary, these are some of the reasons why TheBillionCoin (TBC) is a SCAM:

1. There is no whitepaper nor the source code. Is this a cryptocurrency at all?

2. It is not listed on coinmarketcap.com and there is no open market. That means you can only buy coins from their (private) exchange, but you cannot use or sell them.

3. Prices always go up and you can double your money in a two weeks. (Their promise: if you invest a penny today you will have a $670 thousand in a year.) Have you ever heard about any coin or product that have that big return on investment?

4. They are doing a Multi-Level Marketing (with a lot of testimonials on YT and other sites). Also, they are organizing events (in Philippines, Indonesia, Nigeria, Malaysia etc.) where they promote TBC to new members. Better to say they are using all sorts of promotion to get a new victim!

And do you know what channel they also use to promote this scam?

STEEMIT

Yes, right. Steemit. Our community. Community based on sharing and helping.
I suppose they want to catch crypto newbies who came here to learn, who came here to contribute! They are publishing posts about TBC and calling Steemit members to join this scheme. Look at these posts:

https://steemit.com/blockchain/@ndubisi/differences-between-bitcoin-and-the-billion-coin
https://steemit.com/life/@richintucson/the-billion-coin-will-be-exchanging-tbc-for-usdusd-s-get-some-for-free-here
https://steemit.com/crypto/@zimway/the-billion-coin-tbc-investors

Our answer

If we do not oppose it, some of our members can be caught in a trap!

If we do not spread information, we will not put an end to promoting scams!

It is your turn - do something!

RESTEEM, RESTEEM, RESTEEM!

UPVOTE AND COMMENT!

MAKE THIS POST VIRAL!