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RE: I just reported Bitconnect to The UK company Investigation service let's see what happens.

in #bitcoin7 years ago

Yeah i igree but the things with pyramid schemes is that the tend to work as long as the account balances grow of the Pyramid owners when its starts to balance out they exit.
You get money out untill you dont.
Yes this is probably a shell company i think there is i reason why most promotions is in Asia.
The little UK law i know, you have to report any income/holdings after a year.
Uk Crypto tax seems to be like every normal currancy there.
Take a look at these made them some time ago.
https://steemit.com/cryptocurrency/@debugger/why-bitconnect-is-a-scam
https://steemit.com/cryptocurrency/@debugger/who-is-the-real-owner-of-bitconnect

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Btw, I actually pulled a credit report on them not even a phone number registered anywhere

I actually don't even care if they aren't in compliance with tax laws. The only reason it matters to me is because so many other things about them seem sketchy. But the greedy deep state tax system siphons so much money from businesses for their wars I actually applaud them for operating outside the system. I hope they are legitimate and really do have software that is so accurate. Because I'm sick of traders telling me they don't provide service to my state because it's too costly. This government has an endless appetite. So fuck em. I did notice two days ago that an error message popped up stating that loans were not being allowed for X amount of time (timer countdown) because Volatility was outside of 10% perimeters. This actually makes sense because at that time the BTC was dropping and volatility really was over 10%. So that was something I didn't expect.
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