There have been so many discussions about Bitconnect that if it is a scam. Some people try to prove that it is indeed a scam by using simple scenarios such as if we invest $100 this year, then in 5 or 10 years it will grow to whatever million or billion dollars, using weekly or daily compounding interest!! On the other hand, there are people who try to prove it otherwise. They argue that if it was a scam they would have already run away with our money, or if it was a scam "how come" they did not confiscate customer's Bitcoin Cash after "forking" while the could easily claim it for themselves like most other exchanges.
I don't want to debate whether Bitconnect is a scam or not...rather I would want to look at a simple economic impact of BCC and what the repercussion (or maybe the benefit to the crypto world) will be in the long run.
Just imagine for a second that, hypothetically, EVERYONE start using Bitconnect and instead of putting their money in the bank they actually lend their money out to Bitconnect, and upon each day, they cash out and spend it!
What do you think will happen gradually? The prices of products & services will start to sky-rocket. It may be overstating but in couple of years you may be buying a loaf of bread for $10,000!!
In one sentence, we can say that Bitconnect slowly "stealing" the value of fiat currencies and add it to the value of crypto-currencies.
Please feel free share your thoughts on this subject.