Brian Paige sues Bitconnect
A new lawsuit has been filed against Bitconnect. This time it's from Brian Paige. Is this the same Brian Paige who was the marketing director for Bitshares back in the day? In any case, there is a lot of lawsuits going on against promoters of Bitconnect. If you were a promoter of Bitconnect it might be a good time to contact your lawyer.
The lesson learned
The lesson from this is a common lesson but is important for it to be reiterated. It's not how much money you can earn but how much you can keep in the long term. Earning a lot of money in way which produces a very high risk of losing the money in the future is not the smart way to earn in my opinion. Promoting lending platforms is in my opinion not a smart way to earn considering the risk of acquiring a lawsuit is very high. Low risk high reward is better than high risk high reward and there are many ways to earn similar income with less risk than by being a lending platform promoter. Finally I think this is an opportunity for more legitimate services to offer referral programs so people in high risk lending platforms or who are considering promoting these platforms can have a more legitimate service to apply their skills.
I would much rather see these promoters promoting SMTs, Steem, etc, than lending platforms.