Of course the scammers profited, that's the point of the scam. But they didn't pay everyone back. Worthless made-up tokens are worthless. They should have paid back those dollars that they promised - should be easy since they were not in financial trouble? But they didn't. Therefore scam. Authorities tend to be interested in large scams. Just throw him on ignore like I did, problem solved. Kinda stupid to keep on defending it after it's collapsed with all the lawsuits going on. Im not sure he understands how bad it is to accrue a ton of neg trust, especially now that it's so much harder to rank up. |
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In the other hand the Bitconnect creators and biggest promoters will be hunted down like animals and put hopefully in jail where they belong!! All evidence is there on that site, public records, names, faces, videos and more! Interesting! Arrest them all where their only way for a reduced sentence is to spill the beans on all they know as to who's truly behind BitConnect, their respective sentences staying on record. Looking at you, too, Jrevon Tames. I had found a video where he started with $110 dollars, had amassed $528,000 through the affiliate program was locking in $10,100 as BCC was hitting $400 and BTC was at $18,000. https://www.youtube.com/watch?v=Y1ND0mu-6-wThat would be worth like 17k now Curious to know if he has anything left after all of that or how much he actually made cause I think a lot of his was probably stuck in the platform. Although, he was recently pushing a new Ponzi scheme called DavorCoin. I think it's reckless and he should get stung big time. |
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What kind of work is there that I can help with? Slack or Discord?
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I think the new system of merit is fine, i like it. on the other hand I was very close to Hero's rank, now I'm screwed  lol, I was hero rank a year ago and just came back, now all the people I knew are legendary, and will take me 500 merit. Considering that there is something like 3800 merit created a month, it might take me a very long time to gain legendary  |
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lol, go away for a year and now stuck at a Hero rank until I can accumulate another 500 merit.
Decent system, will it be standard to get neg trust by mods when people try to sell merit?
I think negative merit would be a bad decision if ever implemented, I could see SuchMoon's merit hitting 0 from farmed accounts, lol
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Can I offer an IOU that will compound by 1% every day? Guaranteed?
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 1st place $720,000, 2nd place $384,000 |
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Hi guys. Is CryptoBridge on the swapped chain? And CMC is updating? Also, the MN ranking sites are showing incorrect information. I am thinking of purchasing, but want to make sure beforehand. Thanks in advance. Edit: nvm 5000 for the new wallet / blockchain, yes (if you swapped, or bought from CryptoBridge). You are still able to buy 500 from the old blockchain (Cryptopia), then go through the procedure to swap, as long as it is before February 12. CryptoBridge and TradeSatoshi are on the new chain, it's a few pages back. Can OP be updated to show new markets? |
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Masternode amount should be 500-1000?
You'll get something like 60-70% swap at most, pretty sure Crave was listed on Cryptsy?
You want to have a lot of masternodes for transaction mixing
Correct, and some wallets are inactive since cryptsy failed. They are prolly lost. So should be around 60-70% at most. Let's say swap is 3 mil, that would allow for 600 masternodes if the whole supply was being used. I think PivX has a few thousand possible masternodes from entire supply. Possible change? Not FUD, I really like this project and have been diving through the pivx code the past few weeks and just came across the crave revamp today. Swap is close to 5 mil already, should be around 8 mil at the end I think. Yes the maximum amount of mn is lower than most of other mn coins, this is the case since the very beginning. This can be modified, it will be if we want to but that's not planned yet. Crave mn are still affordable considering the current price. haha, not if broke like me. I'll just stake for now. Well PIVX is quite expensive right now  You can also mix the other way by minting coins. I like Pivx but it's too expensive for me but Craves got a 1 mil marketcap(ish) and github being upkept, plus longevity. Lots worth more but like 2 commits. |
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Seems like people are unable to hand them more of their money through BCC.
I hear they are still accepting LTC and BTC for the promise of ICO tokens.
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Masternode amount should be 500-1000?
You'll get something like 60-70% swap at most, pretty sure Crave was listed on Cryptsy?
You want to have a lot of masternodes for transaction mixing
Correct, and some wallets are inactive since cryptsy failed. They are prolly lost. So should be around 60-70% at most. Let's say swap is 3 mil, that would allow for 600 masternodes if the whole supply was being used. I think PivX has a few thousand possible masternodes from entire supply. Possible change? Not FUD, I really like this project and have been diving through the pivx code the past few weeks and just came across the crave revamp today. Swap is close to 5 mil already, should be around 8 mil at the end I think. Yes the maximum amount of mn is lower than most of other mn coins, this is the case since the very beginning. This can be modified, it will be if we want to but that's not planned yet. Crave mn are still affordable considering the current price. haha, not if broke like me. I'll just stake for now. |
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Masternode amount should be 500-1000?
You'll get something like 60-70% swap at most, pretty sure Crave was listed on Cryptsy?
You want to have a lot of masternodes for transaction mixing
Correct, and some wallets are inactive since cryptsy failed. They are prolly lost. So should be around 60-70% at most. Let's say swap is 3 mil, that would allow for 600 masternodes if the whole supply was being used. I think PivX has a few thousand possible masternodes from entire supply. Possible change? Not FUD, I really like this project and have been diving through the pivx code the past few weeks and just came across the crave revamp today. |
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Masternode amount should be 500-1000?
You'll get something like 60-70% swap at most, pretty sure Crave was listed on Cryptsy?
You want to have a lot of masternodes for transaction mixing
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It's funny...coins like DASH are allowed to go up in price and not be called a Ponzi (masternodes sure helped DASH - the promise of free coins forever for holding enough of them and not selling- sounds a bit like lending doesn't it? It basically works exactly the same way - PoS mining/staking isn't much different either except the yearly interest they give you is a fixed percentage instead of variable although the more often you stake, the more it compounds and higher staking amounts tend to pay more often)
DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
Staking is no ponzi. When you stake you are rewarded by the fees payed for transactions. LOL you are not rewarded by the fees. A coin can choose any random staking reward they want in the code. Some like BuzzCoin pay 160% per month compounded (100% per month if you only get one reward a month but as long as you get it every few days it will compound to 160%). It hasn't done too bad. I actually sold too early or would have made about 10 more BTC. Obviously, BuzzCoin is more of a Ponzi than bitconnect as it didn't really have the value of guaranteeing the investment amount when you lend (as long as it was allowed to continue without being a Ponzi - remember the interest and capital release was always less BCC than was lent so it was never operating as a ponzi). Thing with Dash is that you always have control over your Coins and the rewards for staking are always the same. The developers cant arbitrarily decide to change the rewards without consensus from all the miners and stakers. Main point with ponzis is that you give your Coins over to someone else, and they hold your capital and just pay you the interest (or not). When the price tanks, you can do nothing because they hold your money (and usually never get your initial investment back) A coin like BuzzCoin is not a full ponzi because you keep control over your money. Coins like that will tend to go to 0 over a long period of time unless there is a hardfork to change the rewards. As price goes down, you always have the option to sell your initial investment plus the interest you've accumulated from staking. I am probably not following you correctly but did you really mean that it's a Ponzi if you don't have control of the money and they don't pay it back? Bitconnect gave everyone their investments back (at the 15 day average value) and the value only went down because many sold them at the same time. The same would happen with any coin if a lot was dumped in one day. Like I said before, bitcoin has almost double the supply so should be half the value of bitconnect, all other things being equal. So a valuation of a few hundred dollars for bitconnect wasn't excessive. Everyone who spread the misinformation are more to blame for the current value than the investors of the coin. The site is still up and running, so the coin should increase again once they figure out what to do next. Remember the BitconnectX ICO sells out every day almost immediately and takes in $13million worth of funds each time (although they value BCC at $150 since bitconnect closed the lending). How are so many people investing in it still if everyone thinks it's a scam??? All the people saying it's a scam are probably in the minority. I don't think you are following anything people are saying in this thread. Bitconnect was built as a lending platform, classic ponzi. Why don't you take some time, research how ponzi schemes work, and go through some of the scams that have happened on these forums throughout the years? Still believing text on the screen? That bitconnectx ico is a black hole and a scam. Here, why don't you check out how a REAL ico is done with legit people https://bitcointalk.org/index.php?topic=2353775Actually had talked to Ronny Boesling years ago through skype when his exchange was just starting out, before he partnered up with the bitshares asset exchange. I had a look at the ICO. You are saying these people are more legit than people in the Far East for what reasons? I noticed some very non-legit marketing methods. Firstly, you must know that the value of the any token (unless somehow linked to the profitability of the business) has no relation to how well a company does. The main factor in the price is the starting price in the ICO (simply because investors prefer not to sell at a loss). Now you understand that, do you not think offering a FIFTY PERCENT (50%) discount for early investors is a bit of a red flag? They will be encouraged by this 50% potential gain in the price. There are no promises, but bitconnect didn't promise anything either for most loan amounts. The lending had the desired effect, though, and the coin increased enough that bitconnect could share the gains in this way without ever being a Ponzi scheme. Now that you understand that your tokens are not linked to the profitability of the company in any real way, you should also understand if the coin appreciates in value not everyone can win. Try getting everyone to cash out at the value they want. It will never happen in the markets. It's a zero sum game as it is not backed by any company profits (remember, bitconnect's lending generated profits for the company and also its users - just at a lower rate of profit than if users simply held the coin instead). Are you sure this ICO is not a Ponzi? It can't be a security, remember, like normal stocks (or they lose the USA market). Their claims that they will bring cryptos to a billion people from a measly 5 million is a bit overblown too. Look at how their legal team tries to wriggle out of saying it could be classed as a security and thus not authorised in the USA (granted there have been no court cases to date so that could mean no ICO token is a security, but the SEC doesn't stop warning people about it - TokenPay had to refund Americans half way through their ICO): "However, the Platform is designed in a manner that would fail if SCR tokens are simply held with the intention of reselling at an appreciated value. To clarify, the Platform is an interactive mediadriven platform. SCR tokens are held and used to interact on the Platform. No other tokens or currency may be used therefore, and non-use of the Platform will drive down the market price of the Tokens. Thus, if the general public’s primary objective is to hold an SCR token for investment (I focus on SCR tokens, because SP may not be traded on the secondary market), then the entire Platform will lose value due to non-use. This will render the Tokens worthless. Thus, any primary intent in holding the Tokens solely for investment purposes makes no sense." I hope you are not invested in it to make money (or hope that most other 'investors' aren't trying to make money), going by the above. At least bitconnect's model had no problems with price appreciation! Lol, first person to hit my ignore list ever. You truly are an idiot |
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It's funny...coins like DASH are allowed to go up in price and not be called a Ponzi (masternodes sure helped DASH - the promise of free coins forever for holding enough of them and not selling- sounds a bit like lending doesn't it? It basically works exactly the same way - PoS mining/staking isn't much different either except the yearly interest they give you is a fixed percentage instead of variable although the more often you stake, the more it compounds and higher staking amounts tend to pay more often)
DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
Staking is no ponzi. When you stake you are rewarded by the fees payed for transactions. LOL you are not rewarded by the fees. A coin can choose any random staking reward they want in the code. Some like BuzzCoin pay 160% per month compounded (100% per month if you only get one reward a month but as long as you get it every few days it will compound to 160%). It hasn't done too bad. I actually sold too early or would have made about 10 more BTC. Obviously, BuzzCoin is more of a Ponzi than bitconnect as it didn't really have the value of guaranteeing the investment amount when you lend (as long as it was allowed to continue without being a Ponzi - remember the interest and capital release was always less BCC than was lent so it was never operating as a ponzi). Thing with Dash is that you always have control over your Coins and the rewards for staking are always the same. The developers cant arbitrarily decide to change the rewards without consensus from all the miners and stakers. Main point with ponzis is that you give your Coins over to someone else, and they hold your capital and just pay you the interest (or not). When the price tanks, you can do nothing because they hold your money (and usually never get your initial investment back) A coin like BuzzCoin is not a full ponzi because you keep control over your money. Coins like that will tend to go to 0 over a long period of time unless there is a hardfork to change the rewards. As price goes down, you always have the option to sell your initial investment plus the interest you've accumulated from staking. I am probably not following you correctly but did you really mean that it's a Ponzi if you don't have control of the money and they don't pay it back? Bitconnect gave everyone their investments back (at the 15 day average value) and the value only went down because many sold them at the same time. The same would happen with any coin if a lot was dumped in one day. Like I said before, bitcoin has almost double the supply so should be half the value of bitconnect, all other things being equal. So a valuation of a few hundred dollars for bitconnect wasn't excessive. Everyone who spread the misinformation are more to blame for the current value than the investors of the coin. The site is still up and running, so the coin should increase again once they figure out what to do next. Remember the BitconnectX ICO sells out every day almost immediately and takes in $13million worth of funds each time (although they value BCC at $150 since bitconnect closed the lending). How are so many people investing in it still if everyone thinks it's a scam??? All the people saying it's a scam are probably in the minority. I don't think you are following anything people are saying in this thread. Bitconnect was built as a lending platform, classic ponzi. Why don't you take some time, research how ponzi schemes work, and go through some of the scams that have happened on these forums throughout the years? Still believing text on the screen? That bitconnectx ico is a black hole and a scam. Here, why don't you check out how a REAL ico is done with legit people https://bitcointalk.org/index.php?topic=2353775Actually had talked to Ronny Boesling years ago through skype when his exchange was just starting out, before he partnered up with the bitshares asset exchange. |
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It's funny...coins like DASH are allowed to go up in price and not be called a Ponzi (masternodes sure helped DASH - the promise of free coins forever for holding enough of them and not selling- sounds a bit like lending doesn't it? It basically works exactly the same way - PoS mining/staking isn't much different either except the yearly interest they give you is a fixed percentage instead of variable although the more often you stake, the more it compounds and higher staking amounts tend to pay more often)
DASH was even moaning about Bitconnect to coinmarketcap's Twitter (calling it a Ponzi, no less) when it was rivalling it's billion dollar marketcap and overtaking them. The same day coinmarketcap revised the circulating supply of Bitconnect and it fell from around 6th place to 16th (I can't actually remember the positions but something along those lines).
Staking is no ponzi. When you stake you are rewarded by the fees payed for transactions. LOL you are not rewarded by the fees. A coin can choose any random staking reward they want in the code. Some like BuzzCoin pay 160% per month compounded (100% per month if you only get one reward a month but as long as you get it every few days it will compound to 160%). It hasn't done too bad. I actually sold too early or would have made about 10 more BTC. Obviously, BuzzCoin is more of a Ponzi than bitconnect as it didn't really have the value of guaranteeing the investment amount when you lend (as long as it was allowed to continue without being a Ponzi - remember the interest and capital release was always less BCC than was lent so it was never operating as a ponzi). Thing with Dash is that you always have control over your Coins and the rewards for staking are always the same. The developers cant arbitrarily decide to change the rewards without consensus from all the miners and stakers. Main point with ponzis is that you give your Coins over to someone else, and they hold your capital and just pay you the interest (or not). When the price tanks, you can do nothing because they hold your money (and usually never get your initial investment back) A coin like BuzzCoin is not a full ponzi because you keep control over your money. Coins like that will tend to go to 0 over a long period of time unless there is a hardfork to change the rewards. As price goes down, you always have the option to sell your initial investment plus the interest you've accumulated from staking. |
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Ooh, managed to get in but only got the 10% discount.
Looks like a great project, I remember talking to Ronny a few times ages ago, great guy.
Go Scorum!
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So who actually ran this thing? That Glen guy?
I suppose if authorities find the person the guy that he'll be in some deep shit.
Don't invest in ponzi schemes people, you are harming the whole crypto ecosystem by doing so, and no better than the operator himself.
Should listen if people like suchmoon, Gelb glamow, dooglus, cryptodevil etc. are all pointing out holes.
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If you do not believe deposit BTC or LTC coins into your bitconnectX account and you will be able to buy the BCCX coin at $50, test it and see what happens. That would be a very nice decision  The same situation as when you want to break up with the girl, but you still want to fuck her for the last one more time. We all know fucking is good. Here is the same. They've been fucking you for a year and now it's time to say goodbay. But they would like to give you the last one unforgettable fuck. So day say: send us some BTC or LTC and you will get BCCX in return. Of course you are going to be happy, because the price of BCCX will be 450$, but unfortunately only on their platform. After that you will lend them some USD to their magic trading bot. But at the and those who are doing the fucking will feel themselves much better than those being fucked (by the way this fuck is more like a rape; only one side will enjoy). But nevertheless, at the and of this story all investards will at least have an unforgettable experience to remember. You sir, just became my personal hero. |
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Let me see if I have this correct. Myriad of people are sending BitConnect tokens attached to publicly available TxIDs for another token consisting of an IOU (read: no TxIDs) which may or may not include a thank you for their support.
Dude, I want in on some of this action. In fact, I'm willing to team up with Suchmoon and you'll be our chief spokesperson. So to prove that we're viable, we'll even provide TxIDs for each and every transaction.
For every 1 BCC that the Investards send us, we'll sent them 150 200 300 500 (coin name/ticket symbol TBD; suggestions?); double the amount if the Investard posts a YouTube video depicting them performing the live-duck-on-head challenge - doubled again if two ducks.
Let's call it The Bullshit Dollar *. The ticker could be... wait for it... TBD!
* Not available to residents of Texas. They don't understand bullshit ICOs. OMG my Netflix just stopped working, please please take back what you said, I'm only half way through Orange is the New Black.
Sorry, I'm just getting my bearings with my newfound superpower. I'm trying really hard to not say anything negative about Bitcointalk or intertubes in general.Does that mean that talk 'bout Leroy Fodor is off the table? @Crestington: Hey, bud, welcome [back] to the thread. Good to be back, been out of Crypto for about a year and a half and missed all the action Heh, Leroy So much drama over his stakeminers thing and still don't really know what to make of it cause I could see his Coins staking on the Blockchain. I sent $20 worth of Coins to test his service and got payouts for more than a year (might be more but my old BTC wallet no longer works). The thing that really annoyed me was that he kept trying to drag me in to defend him, to which I ended up just ignoring him. If we want to deviate a bit and put Leroy on the table, I'm happy to discuss it. |
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