I agree with most of points #2 and #3. On point one I have looked partially into is bitcoin transactions. They batch the transactions, (one transaction has 10 to 40 transactions in it) this cuts down transaction costs, on the other hand they actually wash or churn the money multiple (say 5 to 10) times (needless) (well not really needlessly, -it is a way to hide the truth about what they are doing) (and it works because i gave up, no one cares and I am not getting enough payout on these posts to put in the time to prove the fraud they are doing) . So all that bitcoin churning is happening, but the fees are a minor cost of doing business in a ponzi scheme.

Yeah Bitconnect is getting so big it could take over bitcoin. I think it will pop soon; but we will see.