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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://coinidol.com/bitconnect-market-cap-collapse-sign-of-ponzi-scheme-falling-apart/",
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      "body": "Bitconnect was founded in 2016 as a very promising project with its own cryptocurrency BCC. However, since November 1, the company’s market capitalization suddenly collapsed from $2 billion to $0.5 billion. In a Twitter post, Vitalik Buterin, the founder of Ethereum called the project a Ponzi scheme. If we look closer, his statement seems to have all chances of being truth. Is Bitconnect indeed nothing more than a pyramid and a Ponzi scheme? \n\nThe Bitconnect homepage states: \n\n\"Bitconnect is an open source, peer-to-peer, community-driven decentralized cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment. This means anyone holding BitConnect Coin in their wallet will receive interest on their balance in return for helping maintain security of the network\".\nHowever, such a bright description didn’t fool some of the experts. For example, CoinCodex decided to distance itself from this project, delist BCC from the top 100 listings and issue a warning on the coin overview page. \n\nTheir Head of the content division, Marko Štokelj, stated to Coinidol: \n\n“Bitconnect employs a number of dubious methods in order to operate and promote its business. The business model outlined by the company is economically unsustainable with the current level of returns unable to be validated by any legally known investment system. As already stated, the Bitconnect project also generates a large amount of negative feedback from within the cryptocurrency community with accusations that the project is actually a “scam” or “Ponzi scheme” being actively discussed.”\nThe discussion on Bitconnect was spurred on by the comment of Vitalik Buterin on Twitter stating “if 1%/day is what they offer then that's a ponzi.” Other cryptocurrency enthusiasts compared Bitconnect to another Bitcoin lending investment alternative, Bitpetite. Actually, it was successfully running until recently. However, the company suddenly went dark along with all the investors’ money. \n\nYeah, if 1%/day is what they offer then that's a ponzi.\n\n— Vitalik Buterin (@VitalikButerin) 2 November 2017\n\nClassical Pyramid Referral System \n\nHowever, further research into its work and promises indeed revealed Bitconnect is looking like a scam - a hybrid of a financial pyramid and a Ponzi-scheme. The most obvious thing is that it sounds too good to be true. The company offers high interests. For example, for $10,000+ of investment, you are promised to get a 0.25% daily interest, which means 91.25% of annual return. Sounds good, if not to say fantastic. Moreover, they promise to grant you a 480% bonus per year. \n\nSeems odd enough, especially considering that they have actually lost $1.5 billion of their market capitalization since November 1, 2017, although the price of their coin decreased by only 1%. Their coin has also fallen from 8th to 15th position on CoinMarketCap.\n\n37ee2fe7c59e94e861a6e8a7cf07f015. \n\nProbably, from referrals you should bring. The mere fact of a referral system should make you investigate the company very closely. That referral thing is typical of all kinds of pyramids, MLM and ponzi-schemes. Remember MMM? They promised mountains and marvels for bringing people in as well. How did it end? No need to mention. \n\nBad English - Bad Sign for Investors\n\nIf you take a closer look at the Bitconnect website, you will probably notice many language errors. Reputable and reliable companies do their best to avoid this as it may spoil the user experience. Even if the founders are not native speakers, they usually hire an employee to perform spelling checks. \n\n\nAccording to Steemit, “scammers don't want the employees to be able to identify them after they disappear with the money, and besides, they want to reduce the costs as much as possible until they shut down the site.” \n\nMeet Satao Nakamoto\n\nSatao Nakamoto is referred to as Head of Development. Seriously? Did they really think people won’t notice that obvious resemblance with the name of Satoshi Nakamoto, the father of Bitcoin? Well, it could indeed be a coincidence. Though such a coincidence is hard to believe. \n\nEspecially considering the fact that their address is a shared office space that provides virtual offices, and their website is hosted in Belize. \n\nWhen you investigate the company deeper, you will discover it is impossible to find real people working at the company. It is even unclear who that Satao Nakamoto is. Of course, it is not surprising in the crypto industry, where many people use nicknames to disguise their personalities for their own reasons. \n\nMost of them are reliable and honest people, with whom it is pleasant to do business. Unfortunately, such a practice sets ground for various kinds of scammers striving to get away with your money. Don’t let them do that. Investigate before investing.\n\nSource: https://coinidol.com/bitconnect-market-cap-collapse-sign-of-ponzi-scheme-falling-apart/ (Bitconnect Market Cap Collapse: A Sign of Ponzi Scheme Falling Apart?)",
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  "op": [
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      "author": "ahuruglica",
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{
  "block": 19150884,
  "op": [
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    {
      "author": "assimbaig",
      "body": "I agree with you",
      "json_metadata": "{\"tags\":[\"crypto\"],\"app\":\"steemit/0.1\"}",
      "parent_author": "ahuruglica",
      "parent_permlink": "re-assimbaig-my-first-crypto-investment-is-the-total-loose-20180120t183847981z",
      "permlink": "re-ahuruglica-re-assimbaig-my-first-crypto-investment-is-the-total-loose-20180120t185544650z",
      "title": ""
    }
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  "op_in_trx": 0,
  "timestamp": "2018-01-20T18:55:45",
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{
  "block": 19150554,
  "op": [
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    {
      "author": "ahuruglica",
      "body": "@@ -192,27 +192,36 @@\n ich \n-is almost worthless\n+at least has 8-10%25 value atm\n . Ot\n",
      "json_metadata": "{\"tags\":[\"crypto\"],\"app\":\"steemit/0.1\"}",
      "parent_author": "assimbaig",
      "parent_permlink": "my-first-crypto-investment-is-the-total-loose",
      "permlink": "re-assimbaig-my-first-crypto-investment-is-the-total-loose-20180120t183847981z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-01-20T18:39:15",
  "trx_id": "129b9835dce62e0eff7bbe92aa5a4e791c0f2cd1",
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{
  "block": 19150545,
  "op": [
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    {
      "author": "ahuruglica",
      "body": "That's how ponzi schemes works, my friend. They don't scam anyone to build confidence until the end, when everyone get scammed at once.\n\nYou got lucky, because at least they paid back BCC, which is almost worthless. Other ponzi they run with everything.",
      "json_metadata": "{\"tags\":[\"crypto\"],\"app\":\"steemit/0.1\"}",
      "parent_author": "assimbaig",
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      "permlink": "re-assimbaig-my-first-crypto-investment-is-the-total-loose-20180120t183847981z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-01-20T18:38:48",
  "trx_id": "f8d2f12f28862cdab4da1a16716928be89b03dac",
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{
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  "op": [
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    {
      "author": "ahuruglica",
      "body": "The problem is, what price is low. It is a coin without a future, no developement. The only reason people invested is because of lending. Since lending is gone, many investors are not selling, just like you, for the only reason, not to take a loss.\n\nBut think about it, who will invest in this coin. Not saying it won't be pumped, anything is possible in cryptoland. At the same time, it is very likely price to drop below 1$.",
      "json_metadata": "{\"tags\":[\"bitconnect\"],\"app\":\"steemit/0.1\"}",
      "parent_author": "assimbaig",
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      "permlink": "re-assimbaig-what-should-you-do-with-your-bcc-token-20180120t173611239z",
      "title": ""
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  "op_in_trx": 0,
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{
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      "voter": "assimbaig",
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  "op_in_trx": 0,
  "timestamp": "2018-01-20T17:35:21",
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{
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  "op": [
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    {
      "author": "assimbaig",
      "body": "The problem occurred when ‘Padmaavat’ announced its release on January 25 in clash with ‘Pad Man’, however Akshay Kumar amicably resolved the enigma by offering to postpone his movie till January 9.\n\n\n\nThe Pad Man hero announced this in a press conference on request of iconic Bollywood director Sanjay Leela Bhansali.\n\n“A big day can accomodate two movies, but I would personally like to see his (Bhansali’s) film being screened solo on big screen, because there’s a big thing on stake and they have gone through a lot. So, I wish him a luck,” he said.\n\nDeepika Padukone and Ranveer Singh are all praise for Akshay Kumar and the entire Pad Man team.\n\n“Big Man with a Big Heart! @akshaykumar …  Grateful to you, Sir ….❤ Mad Love and Respect,” wrote Ranveer on his microblogging account.\n\nWhile Deepika wrote quote of a Muslim sufi Rumi, “Only from the heart can you touch the sky.”\n\n“On behalf of team Padmaavat, a big big thank you to team Pad Man for your support & generosity!” she said.",
      "json_metadata": "{\"tags\":[\"india\",\"padmaavat\",\"deepika\",\"ranveer\"],\"users\":[\"akshaykumar\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
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      "parent_permlink": "india",
      "permlink": "deepika-and-ranveer-react-to-akshay-kumar-s-decision-of-delaying-padman-for-padmaavat",
      "title": "Deepika and Ranveer react to Akshay Kumar’s decision of delaying ‘Padman’ for ‘Padmaavat’"
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  ],
  "op_in_trx": 0,
  "timestamp": "2018-01-20T17:32:33",
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  "op": [
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      "permlink": "cheetah-re-assimbaigcinemas-in-saudi-arabia",
      "voter": "assimbaig",
      "weight": 10000
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{
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  "op": [
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    {
      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.blueabaya.com/2010/09/saudi-nightlife.html",
      "json_metadata": "",
      "parent_author": "assimbaig",
      "parent_permlink": "saudi-nightlife",
      "permlink": "cheetah-re-assimbaigsaudi-nightlife",
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      "permlink": "saudi-nightlife",
      "voter": "assimbaig",
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{
  "block": 19149032,
  "op": [
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    {
      "author": "assimbaig",
      "body": "Nightlife in Saudi? Yes it does exist and I am not talking about the nocturnal road hooligans on Tahlia street!\nI’m talking about what goes on behind closed doors every weekend. Westerners that are planning a move here often ask me questions about the social scene and nightlife. Above all things some people seem to be most concerned about is how they’re going to be able to get drunk in Saudi-Arabia! In fact if you type alcohol and Saudi into Google the results will mostly be of westerners asking these questions.\nMany expats are in for a surprise when they realise the amount of parties there are, that alcohol is available and that they can mingle with the opposite gender, but only behind closed doors. Westerners tend to come to the Kingdom thinking they are facing a years compulsory rehab therapy, but they soon realise they are actually looking at more parties and drinking than they did back home if they choose to get into that scene! For many KSA is certainly not a place to detox.\n\nSo what is the nightlife like in Saudi? Well due to the circumstances it’s very\ndifferent than outside of the Kingdom. For every restriction there are ways around them. People of all ages from different nationalities and backgrounds dealing with various stages of culture shock gathering and drinking way too much alcohol can result in some pretty interesting parties.\nWhat’s the venue?\nThe parties will mostly be held on the largest western compounds, embassies, rarely private villas and even the desert. Some compounds have amenities centers or halls turned into nightclubs and bars. The embassy parties might be in bomb shelters. The Brits couldn’t survive without their neighbourhood pubs in compounds.\nA few times a year during the cooler months huge rave parties are held in the middle of the desert.\nHow to get invited?\nA western woman will have no trouble entering any venues as long as she knows someone who has signed her on the gate-list. The story is different for the western and especially Arab nationality males though. This is because the residents of the compounds arranging the parties or the embassy people are mostly single males. They have the power to choose who to let in. Naturally men don’t like too much competition over the women, especially from those ‘ladies favorites’ Arab men! So to get invited, men need to get seriously connected. For example the US embassy guys (marines and other military personnel) will allow a male on the list only if he is signed in with two females. Many compounds have a policy not to let any Arabs in.\nSaudi nationals are not allowed into most western compounds. Now in my opinion this rule is ridiculous and racist since we are in their country this kind of disrespect is just incomprehensible to me. This could be a chance to meet and make friends with locals, if even just allowing them in to have dinner together with a family for example. Some westerners like to keep to their small circles and stick to their prejudices as firmly as they hold on to their wine glasses. Anyways being invited would mean knowing someone and having to go through the same security checks as everyone else.\nSocially well connected Saudi men, the rare Saudi Prince and Saudis that have a foreign passport do rarely attend parties though.\nWhat’s served?\n\nHome-brewed wine, beer and ‘sid’, the saudi “national” drink. Sid is short for siddiqi which means my friend. It’s a very potent (around 90%) and potentially dangerous foul tasting clear alcohol made from dates. Sometimes it has impurities in it which may result in memory loss and other neurological disturbances, visual problems, alcohol poisoning and diarrhea among other things.\n\nThe embassies and military compounds have real alcohol, shipped into the Kingdom by the truckload in diplomat cars. Especially military personnel have access to a large variety because their shipments are not subject to inspection and this applies to the royals and the diplomats too. Drugs are widely on offer especially marihuana and amphetamine. Bottles of Black Label sell for around 1000-1800SAR on the black market depending on availability. Needless to say smuggling and trading alcohol on the black market seem to be a very lucrative (and dangerous) “profession” in Saudi-Arabia. Every once in a while there are news headlines about alcohol or drug traffickers getting caught and the punishments are severe.\nWhat’s the dress code?\nWomen tend to dress like they would in western nightclubs, and because the weather is so hot almost all year, more often than not they will have little clothing on (which explains the popularity of the parties among men). There are some more official parties which require cocktail dresses or even long ball gowns and a suits from the gents. Parties are often themed and the dress code is accordingly. I heard of “come dressed as a Saudi” parties where expats get drunk in thobes, abayas and niqabs..Which reflects the bad attitude towards locals pretty well.\nIs it safe?\nCompounds in general have strict security checks, entering is by invite only. The US military compounds and the British aerospace have security checks that take at least an hour to get through during rush hours or in other words, before parties. They will check the vehicles, bags and sometimes even the visitor will be x-rayed. Muttawa are not allowed inside compounds however they might be outside at the gates but I guess that would only happen if someone tipped them off.\nThe security issue to be concerned about is the impure alcohol, harassment, getting stopped by police and drunken drivers offering the girls rides home. Since places like these are the only outlets for women and men to interact freely, some men (and women?) can get a bit carried away. If a woman gets harassed or even in the rare case raped, because of the sensitive situations and all the illegalities going on there’s not much that can be done about it.\nI know one nurse that got raped and many others that were harassed at parties and after parties.  Coincidence or not, but most of these men were of Lebanese nationality.\nBeware of alcoholism. Many expats start drinking so much that it becomes their only hobby. They drink home brew like it’s mountain dew! I feel sorry for people who come here only to try and live exactly as they did back home, never leaving their compounds and passing their every weekend and sometimes weekday drinking in the same small circle of people.\nFor example what happened to a British guy; shortly after he arrived in KSA and started attending party after another, he slowly became an alcoholic. After just two years in Saudi the drinking problem got him fired from his job, robbed of all his belongings, money and passport and thrown into jail after drunk driving. He naturally got deported from the Kingdom and went to rehab in Britain.\nSo if you are planning a move here, you have been warned! There are so many dangerous aspects to these parties, it’s worth contemplating is it worth the risk. I honestly can’t recommend for newcomers to start getting too involved in the Saudi nightlife scene. I would suggest finding something more meaningful to do instead, get to know some locals and explore your surroundings for example :)",
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      "title": "SAUDI NIGHTLIFE"
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  "op": [
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      "author": "rabeel",
      "permlink": "enjoying-soup-and-yakhni-with-eggs",
      "voter": "assimbaig",
      "weight": 10000
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{
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  "op": [
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    {
      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttp://www.arabnews.com/node/1207261/saudi-arabia",
      "json_metadata": "",
      "parent_author": "assimbaig",
      "parent_permlink": "cinemas-in-saudi-arabia",
      "permlink": "cheetah-re-assimbaigcinemas-in-saudi-arabia",
      "title": ""
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  "op_in_trx": 0,
  "timestamp": "2018-01-20T17:19:24",
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      "permlink": "my-first-crypto-investment-is-the-total-loose",
      "voter": "assimbaig",
      "weight": 10000
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  "op": [
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      "author": "assimbaig",
      "permlink": "cinemas-in-saudi-arabia",
      "voter": "assimbaig",
      "weight": 10000
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  "op_in_trx": 0,
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  "op": [
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      "voter": "assimbaig",
      "weight": 10000
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{
  "block": 19148930,
  "op": [
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    {
      "author": "assimbaig",
      "body": "Saudi Arabia’s Ministry of Culture and Information has announced that commercial cinemas will be allowed to operate in the Kingdom as of early 2018.\nThe announcement marks the first time in 35 years that cinema theaters will be allowed to operate in the country.\nMeanwhile, the Board of the General Commission for Audiovisual Media (GCAM), which is chaired by the Minister of Culture and Information Awwad Alawwad, passed a resolution on Monday allowing the authority to grant licenses to cinemas.\nIn a released statement, Alawwad said: “As the industry regulator, the General Commission for Audiovisual Media has started the process for licensing cinemas in the Kingdom. We expect the first cinemas to open in March 2018.”\nThe announcement comes as part of the Vision 2030 social and economic reform program in the Kingdom and follows the announcement that women in the Kingdom will be allowed to drive come June 2018.\nThe move marks the first time that cinemas have been licensed in the country since the early 1980s.\n“This marks a watershed moment in the development of the cultural economy in the Kingdom,” Alawwad added in the statement.\n“Opening cinemas will act as a catalyst for economic growth and diversification; by developing the broader cultural sector we will create new employment and training opportunities, as well as enriching the Kingdom’s entertainment options.”\nAccording to authorities, Vision 2030 aims to increase Saudi household spending on cultural and entertainment activities from 2.9 percent currently to six percent by 2030.\nThe announcement opens up a domestic market of more than 32 million people and it is forecast that, by 2030, Saudi Arabia will be home to more than 300 cinemas, according to the Board of the General Commission for Audiovisual Media.",
      "json_metadata": "{\"tags\":[\"culture\",\"cinema\",\"opening\",\"saudiarabia\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "culture",
      "permlink": "cinemas-in-saudi-arabia",
      "title": "Cinemas in Saudi Arabia"
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  "timestamp": "2018-01-20T17:18:03",
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  "op": [
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      "permlink": "what-should-you-do-with-your-bcc-token",
      "voter": "smarthamster72",
      "weight": 100
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  "op_in_trx": 0,
  "timestamp": "2018-01-20T17:16:06",
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  "op": [
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      "author": "assimbaig",
      "permlink": "what-should-you-do-with-your-bcc-token",
      "voter": "huskyt",
      "weight": 10000
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  ],
  "op_in_trx": 0,
  "timestamp": "2018-01-20T17:12:39",
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  "op": [
    "comment",
    {
      "author": "assimbaig",
      "body": "Hi,\n\nAs per my opinion where I had put a lot of money on the bitconnect platform, I would never like to sell them at a very low price. I would simply hold them & stake them to earn coins on it. By this way, i can keep my tokens secure &  earn a profit on it.\n\nIf you like this way to please let me know or if you have another  option i am open to hear about it.\n\nthanks",
      "json_metadata": "{\"tags\":[\"bitconnect\",\"crypto\",\"wallet\",\"stake\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "bitconnect",
      "permlink": "what-should-you-do-with-your-bcc-token",
      "title": "What should  you do with your BCC Token"
    }
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  "op_in_trx": 0,
  "timestamp": "2018-01-20T17:12:18",
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  "op": [
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      "permlink": "my-first-topic-on-steam",
      "voter": "assimbaig",
      "weight": 10000
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  ],
  "op_in_trx": 0,
  "timestamp": "2018-01-20T16:36:33",
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{
  "block": 19148083,
  "op": [
    "comment",
    {
      "author": "assimbaig",
      "body": "Hi,\n\nI had made my first crypto investment in But connect which went into to about 90% loss.  I had done the long research before going for investment in it. I was not able to trace a single person who was scammed by Bitconnect or lost their money. \n\nIt was really shocking & surprising for me when logged in to my bitconnect account the very time when they closed & announced the closer of Leanding platform.  I was shocked & surprised that every  one wants to sell their  coin on as soon as possible which crashed the whole market of BCC. It is completely understood If i will sale my coins to it would be total loose for me. So I prefered to hold my coins until the coin gain its value & sell it later to recover my loss.\n\nI had now started the detailed study of cryptocurreny behaivor in the excahnges & i hope that i will recover  my loss in near future.",
      "json_metadata": "{\"tags\":[\"crypto\",\"bitconnect\",\"loss\",\"money\",\"profit\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "crypto",
      "permlink": "my-first-crypto-investment-is-the-total-loose",
      "title": "My First Crypto Investment is the total loose"
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  "op_in_trx": 0,
  "timestamp": "2018-01-20T16:35:33",
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{
  "block": 19147922,
  "op": [
    "comment",
    {
      "author": "assimbaig",
      "body": "Hi,\n\nI am new to this application. I still wanna make it useful & beneficial for others. I am an Engineer & Crypto-currency Investor. Before getting into the  further detail just want the community opnions what is the best to do on steamit.",
      "json_metadata": "{\"tags\":[\"advise\",\"solution\",\"expert\",\"cryptocurrency\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "advise",
      "permlink": "my-first-topic-on-steam",
      "title": "My First Topic on Steam"
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  "op_in_trx": 0,
  "timestamp": "2018-01-20T16:27:30",
  "trx_id": "6a4ca1e68ebfdc94b62b127183c42b6860916ec2",
  "trx_in_block": 2,
  "virtual_op": 0
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  "op": [
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