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RE: Alot of friends are asking me if Bitconnect is a scam, here are my thoughts.
Very well researched article! I raised some similar concerns in a recent article after a couple of their more successful promoters had their third party wallets compromised. There are some promising projects in this space, there are also some questionable ones. I'd rather not see crypto regulated into the ground, but I don't know what else would eliminate the scams.