BitConnect is a Ponzi scheme, Ethereum and Litecoin

Still, as pointed out in our previous coverage, House of Companies records indicate that BitConnect has been listed on its registrar under at least three different names bitconnect LTD, bitconnect international PLC, and bitcoin AMR limited. Ethereum allows you to create digital tokens that can be used to represent virtual shares, assets, proof of membership and more. You can either have a fixed amount of tokens in circulation or have a fluctuating amount based on predetermined rules. Ethereum is another cryptocurrency related project that has attracted a lot of hype because of its additional features and applications.

Mainstream integration on the cards for, ethereum Bitconnect

Those interested can look up BitConnects scheme in more detail on their official site, but this is basically what their offer promises (image taken from the official page As you can imagine, this cocky assurance has been greeted with a fair degree of skepticism from. As Buterin pointed out to TNW over email, it has not affected BitConnect Coins price. These smart contracts are compatible with any wallet, as well as exchanges that use a standard coin API.

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When both Vitalik Buterin ( Ethereum founder) and Charlie Lee (Litecoin founder) were asked on twitter if they believed it was a Ponzi scheme, they replied it was most likely. Ethereum and Bitcoin: Two Very Different Beasts. Market Cap: Donate Bitcoin donate Litecoin, donate Ethereum 0x donate Bitcoin Cash we use cookies to offer you a better browsing experience, analyze site traffic, personalize content, and serve targeted advertisements.

Ethereum s Vitalik Buterin: Biggest Bitcoin investment

Ethereum also protects your project from outside influences, while its decentralized network means that you won't face downtime. Another reason for concern is that the stunning popularity of BitConnect has spawned off a number of equally fishy copycat companies, seeking to mimic the business model of the Bitcoin investment platform, but with other currencies. As I recently argued in another piece, when mainstream attention is finally shifting to the cryptocurrency market, every little fail could have huge repercussions for the entire market. Seeking answers about the legitimacy of BitConnect, one concerned Twitter user under the moniker of Ponzi Crypto Coins asked Ethereum founder Vitalik Buterin and Litecoin creator Charlie Lee to chime in with their expertise.

Please spread this about BitConnect : ethereum - reddit

By using our Services or clicking I agree, you agree to our use of cookies. After its initial launch on the ethereum test network many months ago, the Microraiden payment scheme has been activated to provide a new scaling level within Ethereum much similar to BitCoins micropayment scheme Lightning. Whilst not having the over the top publicity that BitCoin is attracting, many are still seeing and believing that Ethereum has the ability to grow massively yet with the changes being put in place to improve the technology and its scalability. More than two-thirds of all available bitcoin have already been mined, with the majority going to early miners.