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I have heard a lot of bad things about Bitconnect. I stayed away from it but was surprised to see it remain at the top ranks on coinmarketcap.com I hope it does not impact the entire crypto market cap as a whole. It would be a shame to see the 2017 bull run come to a slow down.

Money is key to all development and degradation

You are right.

why wouldn't it just be ignored like Mtgox??