Biiiiiitconnneeeeeeeeeeeeeeeect Australian promoter pleads guilty, gets 3yr good behaviour bond

https://www.financemagnates.com/cryptocurrency/bitconnects-australian-frontman-has-been-convicted-but-released/

63 points · 6 comments · view on lemmy.world

6 Comments

Alphane_Moon@lemmy.world · 13 pts · 2y

With such rates of return; it's clear they are targeting the greedy and the desperate.

If they have a magical investment strategy that can guarantee 0.25% per day, why would they share money with random idiots? Wouldn't it be easier to get a bank loan and keep all the profits from this magical investment scheme to yourself?

carlitoscohones@awful.systems · 8 pts · 2y

I think that people have a really hard time conceptualizing compound interest rates. $10,010 invested with bit connect at their claimed rates would be $3.1 million after 12 months. But you get your "capital back" after 4 months?

runjun@lemmy.world · 6 pts · 2y

I’m currently playing an awful mobile game that has a reconnect button for when you navigate away from the app. Every time I click I say to myself ‘Reecoonneeeeeeect!’

kwomp2@sh.itjust.works · 4 pts · 2y

Each time I'm thinking about speaking to any kind of audience I consider if this might be the time I open with "Hey Hey Heeeeeey"

o7___o7@awful.systems · 3 pts · 2y

Little Bunny Foo Foo

I don't wanna see you

Scooping up the field mice

and tryna sell yer bags

snake@lemmy.world · 2 pts · 2y

Carlos Matos is a legend