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RE: Lessons Learned From The Genesis Mining Debacle

in #cloudmining7 years ago

Agreed. Bitconnect makes zero sense with how they are churning out the type of profits they do. I've been trading for 10+ years...and I am a software developer for the past 8 years...and I can still honestly say, the whole "trading volatility bot" is the most ridiculous term I've heard. I'm sure people will profit from the company as that's the way these pyramids work...but the core business makes no sense at all.

As for Genesis...I've only been in for about 2 months...probably the worst time to be in it. My issue with them is more about the operation rather than them being a total scam. They just seem to be making the worst moves they can possibly make. Their plan of action is hugely lacking a proper solution...

...and I know most of the company is operated by math geeks...but the longer they let this work out...the harder the math will be to remedy the current issues.

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