Many of the same arguments which are 'favorites' against Bitconnect also can apply to Bitcoin. In Bitcoin early miners had to lend their computation resources in exchange for these tokens which somehow kept increasing in value. In the beginning you could barely buy Bitcoin, only on mysterious exchanges, and only one anonymous developer started it.

This is not to say that Bitconnect will last for years and years like Bitcoin but only to say we cannot immediately look at a project and be quick to label it a Ponzi or Pyramid Scheme unless we don't mind when people do the same to Bitcoin. A lot of people will lose money in Bitcoin because the market eventually will crash, but then some people at the top of the Bitcoin pyramid will have lots of money. Then you have ICOs some of which have actual 'pre-mine' which if we compare it to Bitconnect would be like a group of people who have been given credit for having given a loan. If we merely look at percentage return on investment well look at Ethereum which went up probably 2000%. If Ethereum is up 2000% couldn't people say that it has to be a Ponzi, Pyramid, or a bubble? 


https://steemit.com/freedom/@godcomplex/if-bitconnect-is-a-ponzi-scheme-why-isn-t-bitcoin-also

If @vitalik uses twitter instead of Steemit, he is already behind... yes he made Ethereum, that in many ways are outdated... I don't care what @vitalik says about Bitconnect, the fact is that it has changed my life dramatically and I believe it will not go anywhere in the coming years...

### ![VitalikButerin](https://pbs.twimg.com/profile_images/421617820644810752/rncc5OWi_normal.jpeg) **[Vitalik Buterin](https://twitter.com/@VitalikButerin/status/926236948238360576)** tweeted @ 02 Nov 2017 - 23:57 UTC

> @bccponzi @CapitanEvropa @chrisachilli @SatoshiLite Yeah, if 1%/day is what they offer then that's a ponzi.


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