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RE: BitConnect Scam: Inside the Facebook Profile of a Scammer Part 5
I did watch a vlog of someone whom apparently went to one of these conferences and seemed legit.
However there is one fundemental that keeps BCC running. It's a PoS coin at the end of the day. BCC owners hold a bunch. You get paid out in BCC. Trading crap aside, they could payout in their BCC stakings and never go broke because they just own that much.
Either way, it's your money use it how you guys want.
Yeah, Having your own coin greatly complicates the math of figuring it out. At the end of the day I think we can ignore the coin. Whenever the inflow of funds dries up, and reserves/savings are gone. It will fail real fast. There is no way of knowing if they are keeping money in USD or bitcoin. Bitcoin has been going up so much they could be doing really well. Because they only give you back the Dollar value you invested in the first place.