7 months ago, i made a calculation public, proving that bitconnect was a scam.
The calculation is based on a Hypothesis.:
what would happen if you invested $10.000, and compounded every day for 10 years.
Well this would happen.:
As you see, the first month you make 35%, sounds good, and 3495% a year, thats the dream.. But if you calculate i little bit furter, you will see that 1% a day is astronomical and unsustainable, because the growth is exponential.
In 10 years you would had made more money than there exist in the world.
If a lending platform is promising 1% a day, its a scam, simple as that, and math proves it.
The answer was always there.
You can download my excel sheet down below, and play around with the numbers yourself..
https://drive.google.com/file/d/1PZseH_kQCtdZ7xwg1dyHwRsoNrFp_mRb/view?usp=sharing
Have a nice day, and steem on..
