So the loan experiment has been running a few days now and I wanted to answer the first of the questions I asked at the beginning of the experiment "1) Try and establish whether bitconnect is a pyramid scheme or not". The short answer is Yes, Bitconnect is undoubtedly a ponzi or pyramid scheme. That does not mean it can't be profitable if you are either an early adopter or you have a lot of referrals. I also outline how Bitconnect could be using staking and price increases of BCC to fund returns of hundreds of percent a year.
In other news the loan is running and the first few payments have been received. Check out the spreadsheet below for more details.
Google Spreadsheet for results - https://docs.google.com/spreadsheets/d/1EwUkP1U0_zBmGf2sPWxhGlqopJqxcOsyLwuUDgiWPfc/edit?usp=sharing
Buy $100 of Bitcoin, Ethereum or Litecoin on Coinbase and get $10 free:
https://www.coinbase.com/join/591341440c80e2008c65fb8f
Binance Exchange Sign-up Code: 20372183
Genesis Mining 3% Discount Code: SLmq6U
Hashflare Referral Code: 15AAFE7C
Buy anything on Amazon.co.uk: https://goo.gl/PPz7Sx
Tips are much appreciated, here's my addresses:
Bitcoin: 18ZwmG5o2yeiUW7WgLB2M8ifMK7AAmgsUs
Ethereum: 0x039D99c841fc21d8975aB8691bF6B7540c06389F
Litecoin: LiDRt5ZkNSX1kUT2SPg9hyirdFji8pkXeR
Dash: Xrk1QLtZMPN7BBQewmGHwW2e2AGraLV3Qx
Dogecoin: DKj7UeXXzQy3KwakNLfoaWm8YAQaCa8pTa
Burstcoin: BURST-CMCH-2BAS-BS5A-57T5M
Digibyte: DLmApKQjqC1tMgMKitwtFL8hubgTjfU2cR
NAV: NMgVgHgp7M7ZVSvu5yycLYocEK7rHYrwQq
