Even if it's not a ponzi (and I hope it's not), if they keep on at this rate, the US gov is going to go after them. Of course the Bitconnect folks expect that and that is why the people behind it are going out of their way to stay anonymous. But it will get harder and harder for them to do that. This is a dangerous game for them. For investors too. Be careful, man.
You are viewing a single comment's thread from:
Gov is going for all Crypto eventually :)
Yes, of course, but the bigger the target, the more risk. They need someone to make an example of and use it as an excuse to erect strict laws against all crypto.
Can you imagine what will happen if they will take one and make an example out of it ? People will react to it, and for gov it will make more harm than good, regulations will come first from china probably and other world will implement those for all crypto. That's just my opinion :)
The people involved will react badly, but everyone else will forget about it days after getting mad. Just look at Bernie Madoff. That was huge! Much bigger than Bitconnect. But everyone not involved just forgot about it after being mad as hell only days before. Peoples' attention span is rarely longer than a few days. So, I think the gov could get away with it easily, and they think so too and will try. I mean, I hope you're right, but I also think we should be cautious.