View this answer on Musing.io

I'm a little late on the Bitconnect 2.0 party. But, I am happy to say that it is being cancelled as I looked around on web for answers. In a twist of irony, I found my answer on a ``r/buttcoin`` thread. That place is amazing for those of you who want to keep your head out of cloud nine when it comes to crypto.

http://i63.tinypic.com/25gfk1e.jpg

If you have ever watched ``That Martini Guy`` on YouTube, he gave a break down of Bitconnect 2.0. This includes who, what, when, etc. of the operation.

Here is a link to that video that I mentioned:

https://www.youtube.com/watch?v=uhgPL2SgB6Y

The thing that stood out most to me was that the supposed scammer has accounts on Steem. Some of them are @nioctib (which is Bitcoin spelled backwards) and @admiral.

On the surface, the content of those accounts seem original. Well, they are heaps of misinformation and blatant nonsense. They have not been active for a long time, but it bothers me that these type of guys are on Steem.

Speaking of Bitconnect, let's not forget about @trevonjb. He actually did make a statement about the 2.0. In short, even he tells you to stay the hell away from it.

You can watch his commentary on it after a crypto weather forecast:

https://www.youtube.com/watch?v=EWg6NgH65wo

The funniest, and saddest, thing about the whole ordeal is that people would still invest in it if it took off. Whether it is to recoup the losses or doing it for the memes, there would have been money pouring in there.

In short, is it the new scam? Oh yeah. Is it going to take off? I hope not. There needs to be less scams and shady stuff if cryptocurrency is ever going to take off. Let the recent @magicdice exit scam be another warning to everyone.

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