The Billion Dollar Coin (TBC) - Caution !!

From my elementary school days, i had always believed and i still believe that money is not gotten freely. The advent of the billion-dollar coin might prove me wrong, which i strongly doubt. I heard about this cryptocurrency about 10 months ago and i showed no interest.

In country like Nigeria, a lot of people now go for the billion-dollar coin as it promises to turn each and every holder to millionaires within a short time. Now, becoming a millionaire is not a bad thing, at least, i have a project where i intend to turn $15.50 to millions! The bad thing is that you can not just keep money somewhere without using it to work and you expect huge profits like tbc promises.

For a purchase of tbc kringles worth $50, the promised increase would be close to $1500 in 5 months and it keeps going at that rate every 5 months!

Now, my fears:

1. Affiliate commission as high as 30%

2. Agents advertise that tbc could be used to make purchases of goods and products. But on getting there the tbc holders discover that would be at 70% cash down payment and only 30% would come from the tbc they hold. To worsen it, the products would be available for collection after 2 weeks.

3. Incredible fixed increase rate on a daily basis. No depreciation whatsoever unlike bitcoin which increases and decreases in value on a daily basis.

4. No local electronic money exchanger in Nigeria accepts it in exchange.

5. Holders of tbc are required to pay $1 monthly or $10 yearly as service or maintenance fee. The funny part is that the fee would not be settled with the tbc the clients already have, but via bitcoin!

6. The tbc exchangers on the internet increased my fear and confirmed my suspicion. A service fee of 0.1 bitcoin has to be paid first before tbc could be exchanged to bitcoin.

I read a lot of negative talks about tbc on the internet, but one would not conclude yet. Let us wait and see what happens in the next few months!

If you have not already purchased, be careful! Think twice!