IMPORTANT NOTE:



I've been asked what I think about BitConnect. From the surface, seems like a classic ponzi scheme. I wouldn't invest in it and wouldn't recommend anyone else to.



I follow this rule of thumb:



"If it looks like a 🦆, walks like a 🦆, and quacks like a 🦆, then it's a ponzi." 😂 — Charlie Lee [LTC] (@SatoshiLite) November 30, 2017

Yeah, if 1%/day is what they offer then that's a ponzi. — Vitalik Buterin (@VitalikButerin) November 2, 2017

We will be following Bitconnects case with the UK government over the next several weeks. We will be following Bitconnects case with the UK government over the next several weeks.

Bitconnect is already under official investigation in the UK, and soon may have their operations in that country shut down, and assets seized.Just in from our Silicon Valley team covering the Blockchain Expo North America today.My phone chimed with a text message from one of our staff at the event - only reading "check the company dropbox" and behold, this amazing video!Ross Davis, seen in this video confronting Bitconnect staff about their impossible to sustain business model at their booth is our Editor In Chief, and heads up our Silicon Valley news desk.The question is simple:They make people believe it's possible because the value of their coin is going up 'just like bitcoin' but what they don't tell you is,I gave Ross a quick call for some background story, he said:I asked, why not just let it go?In closing:Bitconnect has been called a ponzi scheme by virtually every respectable person in the cryptocurrency industry. From Ethereum creater Vitalik Buterin, to Litecoin creator Charlie Lee.