Yes exactly, it works because they are in control of their own coins. They can create however many they need to keep the scam going. Even though I'm not sure how it works exactly it is obviously quite a clever system. It's already been going for over 6 months and shows no sign that it's about to come to an end imminently. Also you aren't totally right about your investment being locked up for 1 year because it only takes about 100 days to earn enough interest to cover what you put in. For example. If you put in $100 and earned 1% per day after 100 days you would have earned your $100 back. That then keeps going for 300 days by which point you would have earned $300 and also received your $100 initial capital back giving you a total return after 300 days of $400 for every $100 you put in. Of course this is high risk, that's why I will be pleased if it just lasts 100 days so that I can get the $1100 i put in back, anything else will be a bonus but if I'm wrong about BitConnect and it lasts another 300 days I will have earned around $4500 in that time. That's a very good risk/reward ratio in my opinion.