When the tides pull out is when we are able to see all the garbage on the shore. So it's no surprise BitConnect, the most popular blockchain ponzi scheme, met its ignominious end in the midst of a pretty gnarly correction.
Now I don't approve of using this technology for running Ponzi schemes, and so I want to emphasize that the world is better off without BitConnect.
That said, I have been following the news and the fallout and I'm perplexed as to why their coin still has any value whatsoever. A coin with zero value, is currently trading at around $30 at the writing of this post. Can someone explain this to me? Shouldn't it be zero?
