what is Bitconnect
well honestly i feel its a perfect money laundering tool. it has a 6sided triangle structer to it haha yea a pyramid but thats the referral part with in it.
lets dissect my view of this buisness
lets say i had some money ill-gotten by-gotten means. well i cant go buy Lamborghinis, i mean i could but people are quick to call attention to people they know their approximate Finances. so nogo
building a laundrymat? not that either.
but electronic money laundering is perfect no brick no mortarno extra traffic no exorbantant electric bills no eybrows raised noone is the wiser.
Surely encrypted Does all of your contacts exist inside your electronic device youll have thousands upon thousands of people putting in $100 to $10,000 waiting nearly a year or more to receive that hundred dollar initial investment back. From what I understand you earn daily interest on some percentage of what you put in now here's where I go off the rails and go X-Files speculative. If the mob owned this ... any mob im EEOC in my mob Theory long as you pay/feed the investors whos going to complain whistle blow or even be discontented.
no one. The nosey old folks across the street still see you in your yugo with a spare. riding around town in non flashy clothes.
really thats probabaly what bitconnect really is. I mean really where can you find a business model that nobody really can understand nobody, can really pin down a developer a business blueprint in cryptocurrency we call this a white paper ,how can one replicate? nobody can really confirm or deny it's like the area 51 of cryptocurrency they have a coin it's on an Exchange it stays pretty stable matter a fact just like lite coin. But when it comes down to it you just can't reverse engineer it to crack it and it can't be called a Ponzi scheme because they haven't ran off with your money so what is it ,what does one do I guess we'll all have to stay around and wait.This by far is the most polarizing coin in cryptocurrency!Kenn Bosak invested 200 bucks in it and for. sure he ua a harsh skeptic but last report he did earn some intrest off his initial investment. Ozzythe Bs filter another harsh critic of bitconnect with much due dilligence couldnt really come up with difinitave proof.
find out will this be another one of the great Ponzi schemes to go down and crypto history. we all Know. the two gentlemen who are the face of bitconnect are making money hand over fist or so they insinuate anyway.
me personally I don't think so, what I do think is those two gentlemen are very very intelligent and I think they are very very clever with their smoke & mirrors
I think it's a money-laundering tool and It best use cases point to mobs drug lords, drug dealers, Bernie Madoff and other nefarious perpetrators and organizations . Before I go I will address the reason why I think it's like the Republicans and Democrats it's because people will literally get into heated arguments and being salty with each other for weeks over this it really doesn't matter what the hell it is. it just matters that it is here and if we can't reverse-engineer it to figure out where the bait and switch is . My advice would be to stay out of it stay away from it until we learn more which could be never
this is your country gal asking what's your risk tolerance
K. Archie you have a great crypto currency day bye y'all