Hi, Gleb! Whilst both projects are totally different, where Qvolta is aiming to provide p2p crypto exchange platform, the Tracor is aiming to solve various logistic problems around the world. As for style of presentation they used in whitepaper, one can clearly see some similarities. However, we are in no way connected and we have nothing in common Thank you for your time and attention! What you consider some similarities, others see two white papers with both having over 30% the exact same content with some aspects changed only to reflect their respective brands. Here's a question for you: Wouldn't a non-nefarious actor (you) distance themselves from a nefarious actor (them) who copied their white paper, going as far as to publicly avow that they'd have legal immediately look into the issue? Since that's not what you penned, let alone even remotely allude to, it's safe to assume that either both entities have the same master, or it's Qvolta who copied Tracor's content. Bruno Ok, let me explain that. First of all, we have absolutely nothing in common with Tracor project. Thank you for pointing this out. We will start investigating why their whitepaper written in a very similar way. Style of presentation is the only thing that looks alike. Our project already has MVP during pre-ico. Our pre-ICO started earlier than Tracor's. They are not listed much on ico-trackers. If you go to Tracor webpage, there are no names, no team. And whilst you can see names in whitepaper, those are just names without links to actual profiles. Seems like that is clearly a plagiarism from their side. Thank you for letting us know. We will solve that issue. Okay, bud, I did some more homework and concede that it's most likely Tracor stole from you folks. Please consider your legal options in this regard, for you've already witness how such could put a damper on your brand. I'm now gonna read some more about your venture and see how it would be beneficial to my venture, in turn, to Qvolta. Bruno 702-981-5600 (operators are standing by  ) |
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Hi, Gleb! Whilst both projects are totally different, where Qvolta is aiming to provide p2p crypto exchange platform, the Tracor is aiming to solve various logistic problems around the world. As for style of presentation they used in whitepaper, one can clearly see some similarities. However, we are in no way connected and we have nothing in common Thank you for your time and attention! What you consider some similarities, others see two white papers with both having over 30% the exact same content with some aspects changed only to reflect their respective brands. Here's a question for you: Wouldn't a non-nefarious actor (you) distance themselves from a nefarious actor (them) who copied their white paper, going as far as to publicly avow that they'd have legal immediately look into the issue? Since that's not what you penned, let alone even remotely allude to, it's safe to assume that either both entities have the same master, or it's Qvolta who copied Tracor's content. Bruno |
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On August 26, they didn't seem to have a problem accepting bitcoin deposits: https://www.walletexplorer.com/wallet/000005a97313225a?page=10And from all the transfers out of BitConnect, I've yet to uncover a single double spend via BTC leading up to the 25th, inclusive.  "Goddamn, BitConnect! Now we can no longer access their Feature Building." |
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big fucking ponzi scam
That Craig Grant isn't looking good lol https://www.youtube.com/watch?v=rzkuJi4FNJsWell bitconnect is making loads of profit and it would be quite easy to work out when they might get in trouble because their coin value would plummet and that would be the real test (if they do it properly then the lenders would be safe). That would be their real test. Actually, disabling BTC withdrawels means people can't take advantage of higher prices of their coin on their exchange by buying it on other exchanges and selling it on bitconnect (they can do but the BTC is stuck there). People would not be buying BCC on their exchange either as there is no way of getting BTC there, so basically the price is stuck at the moment... but obviously people can sell their BCC there for more BTC as the price is about 10% higher. So I'm surprised the coin hasn't gone down while they fix their BTC wallet. Bitconnect Dashboard is down now....can log in but HTTP 500 error on the dashboard and doesn't load....other people reporting it.
 "Say it ain't so, BitConnect. Say it ain't so!"  Bonus link NSFW: https://www.pinterest.pt/source/julieestiva.tumblr.com/ |
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OK I need your help guys, if we couldn't mine this with CPU then why the hell did you put a CPU miner on your site? my Intel 3.7GHZ CPU could only hash 5 KH/s and I get work restart every 10 seconds, you are making a joke out of people by creating this coin, tell me the truth what kind of covert software are you using that only you and your friends mine all the blocks?
Curiosity got the cat, so I had to see for myself re your CPU claim, and sure enough it's there on this page: https://bitconnect.co/bitcoin-information/21/earn-from-bitconnect-coin-mining. What else are on that recourse page, you axe? Once you are ready to mine BitConnect Coin, then it is recommended to join a mining pool. A mining pool are a large group of users who ‘pool’ their recourses together to solve the mathematical solution (finding a block) and the rewards are distributed proportional to work sent to the pool. Amazing on how so many brainiacs is espousing the cred of BitConnect, handing over there money like theirs no tomorrow to so some unknown person who doesn't even have a rudimentary command of the King's English in spite of supposedly residing literally down the road from the Queen of English. |
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There still sadly is people who "invest" in BCC.
Sadly, there's still kids masturbating at the risk of going blind. See what I did there? If not, you've gone blind.  |
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Well that's another thing I completely forgot to mention. As I assumed when people buy BCC from their BTC deposits that the BTC sort of just *poof* disappears but obviously bitconnect not only hold the BCC that customers buy and then lend (for the loan periods at least) but bitconnect also keep most of the BTC (assuming other customers aren't buying it much on the exchange). If they don't use it in the exchange, which I think they should then not sure what they do with it. The simple rise in the BTC makes them even more profit than I thought. Anyway, I don't think the wallet you show even had 10K bitcoin and that is less than $50million. I think people must have been depositing more than that. I've seen some of Trevor's videos and other and each have a few million $ in deposits each from just their own referrals. It's true that maybe bitconnect are the ones who mostly buy the BTC on the exchange. Most people just buy BCC with their BTC by selling the BTC on the exchange (so you'd assume that most buyers of BTC are actually bitconnect). The thing is that even though bitconnect (or rather the exchange users) sell the BCC to the customers, bitconnect still hold onto the BCC until they want to withdraw. They basically have both almost all the BTC and all the BCC most of the time that the customers supposedly buy if they just then loan it. They could be trading with either, as it doesn't really matter which or even switching between them or buy one with the other etc. I don't know, maybe I'm confusing myself now.
  "Please, prey tell, explain to me as if I'm a young child or a Golden Retriever how our magic trading bot trades a newly created cryptocurrency - BCC - so to guarantee our Investards at least a 30% ROI per month while the bitcoins they sent to us sit idle?" |
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For those playing at home, follow the money --> https://www.walletexplorer.com/wallet/07d4964e704c33dcFor those new to the game, simply click the links and follow BitConnect's BTC and see for yourselves how the coins loaned to them are working hard earning even more value, in turn making money for their Investards as the coins sit in a Magic Bot Mayonnaise ® jar atop a shelf collecting dust.  "Joey, what we're witnessing is truly remarkable! For over a month, Benny, to your left, has been trying to convince his cousin, Scott, to your right, to add a hundred dollars to the big pile of money belonging to BitConnect as seen in the center of the table. Scott is convinced that it's a scam because he has seen very little money leave the pile as it continues to grow bigger. Benny, on the other hand, explains away his cousin Scott's concerned by expressing that those who invested are reinvesting their money, hence the big pile of cash in the center of the table which most likely is BitConnect's profit not utilized via their magic trading bot.
Looks like Scott is about to give in to the logic, asking Benny to prove that he can indeed withdraw his funds from BitConnect's platform. Benny's taking a long time to respond to cousin Scott's request. Oh my fuckin god! Joey, did the studio catch that move? Benny just said that he can't comply to Scott's request because for reasons outta his control, BitConnect has locked down his and hundreds of other users accounts.
Looks like Investards have lost another bout to the Great Ponzi,
the record now standing at 50-0."Here is the richlist of bitconnect https://chainz.cryptoid.info/bcc/#!rich https://chainz.cryptoid.info/bcc/#!overview ONLY a total of 6,065 Investards invested in BitConnect. My bad! Less, given that some Investards maintain more than one wallet address because they once read somewhere (perhaps some Flat-earth forum) that it's best to not put all your brown eggs in a white egg carton - diversify! |
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For those playing at home, follow the money --> https://www.walletexplorer.com/wallet/07d4964e704c33dcFor those new to the game, simply click the links and follow BitConnect's BTC and see for yourselves how the coins loaned to them are working hard earning even more value, in turn making money for their Investards as the coins sit in a Magic Bot Mayonnaise ® jar atop a shelf collecting dust. "Joey, what we're witnessing is truly remarkable! For over a month, Benny, to your left, has been trying to convince his cousin, Scott, to your right, to add a hundred dollars to the big pile of money belonging to BitConnect as seen in the center of the table. Scott is convinced that it's a scam because he has seen very little money leave the pile as it continues to grow bigger. Benny, on the other hand, explains away his cousin Scott's concerned by expressing that those who invested are reinvesting their money, hence the big pile of cash in the center of the table which most likely is BitConnect's profit not utilized via their magic trading bot.
Looks like Scott is about to give in to the logic, asking Benny to prove that he can indeed withdraw his funds from BitConnect's platform. Benny's taking a long time to respond to cousin Scott's request. Oh my fuckin god! Joey, did the studio catch that move? Benny just said that he can't comply to Scott's request because for reasons outta his control, BitConnect has locked down his and hundreds of other users accounts.
Looks like Investards have lost another bout to the Great Ponzi,
the record now standing at 50-0." |
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Guys, Craig Grant just posted a vid titled "I sold 1600 BCC for Bitcoin". It was up for a minute without a thumbnail and immediately disappeared. He and his ponzi scammer bro Trevon Lames have both jumped ship. Watch Mr. Lames latest vid: " I SOLD ALL MY BITCONNECT TEEOKENS"   PonziGirl and other minor scammers are thinking about pulling the plug and run at this very moment, please when it happens remember them all. Don't let them get anywhere near anything related with crypto ever again. <In the voice of red-arrow cow re the pink-arrow cow.>  "Great, another BitConnecter returning to the womb of whence it came!" |
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IMO, everyone using Bitcoins is Satoshi, I would never trust anyone coming up and saying that they are "Satoshi Nakamoto" because Satoshi would never show his face publicly as the concept behind the invention of Bitcoins is anonymity, and if the maker themselves break the rules, how could he expect his innovation to keep their words?
That makes some great sense and I appreciate your articulation. We should just quit trying to find satoshi because if he existed or perhaps wants to be known he would have shown himself a long time ago. He is defending his concept of anonymity and leading by example.
The reason why don't espose their identity is that they never want to be known by the governments not to get killed. And this ensured people to use bitcoin to stay anonymus. Firstly, there are many people in Japan and elsewhere named Satoshi. Secondly, how was it that SN had the foresight in opting to remain anonymous when his worked was based on KNOWN giants before him having all their research readily available, Satoshi only solving one aspect of the problem? |
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IT's THE FINAL COUNTDOWN!!
Insiders tell me that Garbanzo goes straight to the PEN after sentencing in January.  Welcome Wagon is Waiting!  Welcome wagon hell! He'll be deemed the new conductor for the soon-to-go-viral Radio Garza video: https://www.youtube.com/watch?v=lAVVVMcTShQ "I had my time, I had the power
And you saw my finest hour
Radio, Garza
All you heard was Radio gar gar
Radio za za
Radio, Garza" |
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@spamsucks I agree with what you saying as you come to me a grown man unlike some here who keep coming here saying I told you so when I never heard of them before this thread.
But I like to be positive I know my coins are likely won't come back "notice I didn't say never" because I am a man who believes in miracles, yes I know that the lawyers could not recover much, I know they also sold our own coins without asking us, I even agree with what everyone here is telling us.
However, if there is a way then there is hope. A federal judge has ordered the 11,000 Bitcoins to be returned to their owners by U.S. District Judge Kenneth Marra of the U.S ;The court declared that just over 11,325 bitcoins were stolen from Cryptsy customers in July 2014.
Now I know the $1.4 million mansion, a $100,000 diamond ring and a luxury car is what the people are getting hopefully at the Q1 2018 is not much but it is better than nothing. The lawyers are getting 3rd of that but at least they are working on the 11K BTC's. Whenever there is a new disease researchers work sometimes decades until they find the cure which is ALRDY in existence! Who knows we might not be able to crack that wallet in 2017 but what if we can crack it in 2030? or perhaps never!?
This is my opinion I know your words are gonna be the same
I told you so
lawyers are getting richer while the people that we WARNED are getting pennies and so on, hopefully people here understand what some of us who lost their money think and I really hope you all get whatever you owned there.
Have a nice a year
The day that that wallet is cracked is the day it will be worth nothing because all wallets will be able to be cracked. |
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<snip>
I love how everyone pretty much ignored my post, finally made an account to actually do a post and it gets Ignored :p
I hear you, even if they were just living of their 0.25% trading fee, seeing 90% of 4.1m dollars is being traded on their own platform every 24 hours, if i worked on/at Bitconnect i would be very happy with those daily wages that it provides at the point they are at, if they can expand on all this in the future with their own debit card charging transaction fees, they should be able to make a living of it without touching the platform on itself.
Dude, I solved your ignored problem: https://bitcointalk.org/index.php?topic=2130241.0 |
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As I demonstrated, the freaky thing is they don't even need any of this staking interest or buffer of millions of coins. Their lending is generally profitable in itself as long as the total BCC the customer gets back from the imaginary dollars capital and interest, is less than the amount of BCC the customer paid in for and this IS ALWAYS TRUE if the coin goes up at a greater rate than the interest they provide (which they can easily predict and adjust rates to compensate). Bitconnect are not giving people free BCC with the lending system done properly, they are accumulating more and more (I think they should take these BCC profits into USD or BTC at least to act as a buffer for when things go wrong for the coin). If they do keep the profit in BCC it also reduces the supply for everyone else with the obvious consequences of that. I don't see any downside of their system and they have ridiculous reserves. The thing about Bitconnect vs things like Ambis is with Ambis, Bitcoin goes in, more Bitcoins come out...with nothing in-between as a buffer other than a supposed "trading bot".
But Bitconnect owns 4.8m of its own coins out of 7m or so that exist that stake another 384.000 coins into existence every period, that is not including the coins that are in the system, locked down for 299 days at a time, these are also staking out for that 299 days turning into more coins for them.
So basically they are at this time of me typing this staking coins into existence coins that are worth 122$ without the required need to supply power and computer rigs to dig them out of the network.
In current numbers they would have 585.600.000$ in coins and 46.848.000$ get staked into their own BCC wallet every period of staking, without any expenses that they need to pay to farm them.
Now the way people get in is that they use Bitcoins to buy up those BCC from people exciting Bitconnect, let's say i had a good day, i pull 100$ out of Bitconnects butt and a new guy buys my BCC and enters the platform. More and more coins enter the platform, get locked up into it, for us they turn into a % gain each day, for bitconnect they turn into additional stake coins, making them the biggest claimers of staked coins out there. Supply and Demand take care of the rest, as more coins get locked up, price of the coin goes up and at the end of the day they pay us back an imaginary $ value in their system, that then gets transfered to a BCC that has such a value and then we cash out by someone entering the system again through a bitcoin or if they need to have funds sell their own coins onto the market.
Sites like Ambis have like what to work with, if they are a ponzi scheme? their own start capital to pay the first few days ?, or just the money coming in, until money starts rolling in vs Bitconnects 585.000.000$ of assets. Now i am not a math wizard, but if i were to do a ponzi (and i am not) and i am sitting on 585.600.000$ worth of coins, I would have been out of this game 500.000.000m ago, maybe this a long con and they need to sell the coins discreetly as not to crash the market but that would hinder their staking at some point, forcing their hand to excit devalue the coin while doing it.
I also doubt that the BCC they get each day from staking are all used up in paying out people, the volume in the last 24h is only 4.1m$ and 90% was on their own exchange, that you know they control, so in need to stay liquid they had to sell 410.000$ out of 1.500.000$ coins that they staked that day from their 4.8m coins, so not counting coins from people in their system. More than likely that amount is double and most of it is reinvested so they get more stakes for it. Oh and around a 1-2m $ in profits each day.
I honestly don't know if they have a bot, but at this point it's not really needed because the eco system keeps itself in check, coins are locked and a 10% circuit breaker prevents panic sales and they take a cut from the exchanges on their own platform. Its Genius really, the only way this ends if it's a scam when they don't have a trading bot is when the Staking time is over, which is going to be until Dec 2019 or when people lose faith in it.
But if say by then the coin is worth as much as a bitcoin and they still control 90% of the coins, their last month December 2019 they stake the last few coins that are on their platform, then the coins for that stake would be worth 1.411.200.000$. (I know speculation but the BCC did go from 8$ to 130$ in 3 months)
So however you turn it, Bitconnect pretty much prints money until Dec 2019.
:p I hear you, even if they were just living of their 0.25% trading fee, seeing 90% of 4.1m dollars is being traded on their own platform every 24 hours, if i worked on/at Bitconnect i would be very happy with those daily wages that it provides at the point they are at, if they can expand on all this in the future with their own debit card charging transaction fees, they should be able to make a living of it without touching the platform on itself. |
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This guy has understood too so look at his explanation at this time (he shows how they make money from the lending here I think): https://youtu.be/wFJYlhDlJ6Y?t=418So how come if it's not only me who understands how they are making a ton of money, people are still not getting it on this thread that it's not currently being a Ponzi ? Dude.. you posted 1 million posts today, all of them saying that bitconnect is not a ponzi and how good they are... STOP BULSHITTING ! Good call, bud. That dude's as bad as the dude posting a million times that BitConnect is a Ponzi. I'd say them two need to get a room. |
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