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RE: Actual Bitconnect trading bot discovered.
Returns are not calculated in btc but in dollars. You then convert to BCC, then to btc, losing value all the time. I think it's perfectly possible to run a loan with these guys, get paid every penny and never get back the original amount of btc you invested!!
Prob better to just hold btc!
The payout currency is irrelevant. If you developed trading software, which they claim they did, that earned over 1% return per day, or a minimum of 365% per year, why would you share it?
I agree why share it. But payout currency is not irrelevant. You missed my point.
If you have a boy that trades in btc and investors who deposit btc, why not accept btc and pay interest in btc. The answer is because they can't.
They convert to BCC, to dollars. Then back again. They control BCC so they control the interest. It's all smoke and mirrors.
I have explained this until I am blue in the face.
Most of the "investors" are not willing to acknowledge that the valuable asset, Bitcoin, is siphoned away, and like the U.S. dollar with out silver backing, they are only left with a promise.