Ethereum Creator Vitalik Buterin Calls Bitconnect A Ponzi Scheme...

File this article nether "stating the obvious" exactly unfortunately, BitConnect's user base of operations somehow keeps growing.

Ethereum's creator Vitalik Buterin responded to a tweet today from a Twitter user goes past times the advert "Ponzi crypto coins" who appearently prides himself inwards calling out scam coins, tweeted at him:

I genuinely bring no visit 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 system (AKA pyramid scheme).

Yeah, if 1%/day is what they offering together with then that's a ponzi.

— Vitalik Buterin (@VitalikButerin) November 2, 2017

The collapse is coming, eventually.

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Author: Oliver Redding
Seattle News Desk