File this article under "stating the obvious" but unfortunately, BitConnect's user base somehow keeps growing.
Ethereum's creator Vitalik Buterin responded to a tweet today from a Twitter user goes by the name "Ponzi crypto coins" who appearently prides himself in calling out scam coins, tweeted at him:
I actually have no idea what bitconnect is.— Vitalik Buterin (@VitalikButerin) November 2, 2017
After telling Vitalik Bitconnect's promises of 1% daily returns, Vatalik stated (the obvious) - it's a ponzi scheme (AKA pyramid scheme).
The collapse is coming, eventually.Yeah, if 1%/day is what they offer then that's a ponzi.— Vitalik Buterin (@VitalikButerin) November 2, 2017
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Author: Oliver Redding
Seattle News Desk
