Bitcoin Forum
June 17, 2024, 10:18:20 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency on: January 24, 2018, 10:59:23 PM
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).




Proof of stake coins reward you with additional coins for validating transactions on the network and having the network/coins best interests at heart. You don't make additional coins for absolutely nothing and none of these coins guaranteed any type of return on your investment.

Any coin or ICO offering guaranteed returns or playing on the ridiculous price increases of Bitcoin and saying "don't miss out on the next bitcoin" (PlexCoin anyone?) should be kept well clear of.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency on: January 18, 2018, 05:43:13 AM
I'm sure they still have millions of BCC.

Along with a few thousand BTC.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!