Actually, it is a scam. I have never used this word until now. They should have allowed everyone the opportunity, that lost so much in BitConnect, to buy with their BitConnect the coin without anyone else. Then open it up to others who want to invest. The limited the coin to very minimal and didn't give people a chance to get rid of the BitConnect at the price they were at. Actually not sure what you mean by gullible. Gullible would convey a coin you shouldn't "trust." Thus it says it's a scam. So many people lost enormous amounts of money with no way they could ever trust lending and started a decline in most of the lending programs.