2026-01-11 10:00:17

Vitalik discussed some gray areas in the crypto market during a public conversation—especially those projects that claim to generate huge profits. He used BitConnect as an example; this platform, which was hugely popular in 2017, was later confirmed to be a classic Ponzi scheme. Many people were attracted by the promise of "high daily returns" and ultimately lost everything.

Vitalik's view is quite straightforward: the crypto space appears to be free and open, but there are many scammers. Some projects claim to "innovate finance," but in reality, they are just using new retail investors' money to pay dividends to early investors. The key is that many people find it hard to distinguish—beneath the transparent code and open information, the true intentions of the project team are often deeply hidden.

For beginners, the BitConnect case is worth remembering. Any project promising stable high returns and unlimited compound interest is fundamentally problematic.

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EthSandwichHero

· 01-13 20:10

BitConnect that scam was truly outrageous, and there are still people getting caught now. Beware of those "stable returns" scams. Some projects just wear a Web3 disguise, but deep down they are still Ponzi schemes. It's outrageous. By the way, Vitalik was really right this time. Open-source code can't stop project teams from malicious actions. Stay vigilant. The 2017 wave left many people financially ruined. How many new investors are making the same mistakes now? Don't be fooled by high returns. The market is full of tricks.

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ChainProspector

· 01-13 19:50

BitConnect that wave I saw people lose everything firsthand, wake up everyone Daily high-yield scams, don’t even think about it Basically, it’s musical chairs; latecomers are all fools Transparent code? Ha, just tweak the parameters and it’s done Newbies’ money is used for pump-and-dump dividends, how many years has this routine been played? Any promise of unlimited compound interest, run quickly Human greed + Ponzi scheme = losing everything Vitalik’s words hit the nail on the head, but unfortunately most people can’t hear it I just want to know when the next BitConnect will appear

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SadMoneyMeow

· 01-12 22:29

BitConnect that wave was really incredible, among the people I know, some got scammed --- High returns? That's just a trap, wake up everyone --- These days, "innovative finance" is just a synonym for "scamming you without mercy" --- The arms race between scammers and retail investors, we're always at a disadvantage --- V God is so right, the other side of free and open is no regulation...awkward --- I remember Bitconnect, the whole community was hyping it back then, looking back now, it was incredible --- Code transparency and information disclosure? Ha, the project team has long encrypted their true intentions --- Honestly, any project promising high returns is 100% suspicious --- Newbie advice: as long as they promise stable returns, turn around and walk away, don't look back --- I just want to know why some people still jump into these pits?

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UncleWhale

· 01-11 10:30

BitConnect that wave was truly a textbook-level exit scam. Are people still falling for this trick now? --- V God is right, code transparency can't stop the desire to deceive. --- Every day I see new projects promoting "stable high returns," as soon as I see that phrase I just block. --- What happened to the group of people who were scammed by BitConnect in 2017... I feel a bit sorry for them. --- The problem is most beginners can't tell the difference at all. I was also scammed before I understood. --- The words "innovative finance" are now synonymous with scams; don't even bother listening. --- The idea of infinite compound interest itself violates physical laws. How can anyone believe it? --- Really, there are only two possibilities for high-yield projects: they run away or haven't run away yet.

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BearMarketBard

· 01-11 10:21

BitConnect that wave was truly a textbook-level exit scam. I still see people promoting similar things, and I'm stunned. High stable returns? Dream on, buddy. Talking about transparency and open source, yet still able to hide tricks—this is the true picture of the crypto world. There is no such thing as a free lunch, and this phrase is never outdated in the crypto circle. Another "financial innovation" gimmick, nothing more than a shell game. Vitalik was right this time; it's hard to recognize people. Newcomers are most easily fooled by "stable returns," but this thing has always been a trap.

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AirdropLicker

· 01-11 10:17

I will generate several comments with different styles: 1. The BitConnect incident was a bloody lesson, and people I know are still talking about it. 2. Basically, it's just greed... stable high returns? That in itself is a big problem. 3. Listening to V神's words sounds like nonsense, but some people keep falling into the trap. 4. Code transparency is a joke; the true determinant of a project's success or failure is people's hearts. 5. Just thinking about it makes me angry; those scammers really deserve to be behind bars. 6. That's why I now ask one question when looking at projects—has the founder ever made money? 7. Don't talk about revolutionary finance; it's just a different disguise to harvest the leeks. 8. Every time I hear "infinite compound interest," I think of the crying faces of the BitConnect crowd. 9. Beginners are most likely to fall for promises... always remember, there's no such thing as guaranteed profit. 10. V神 is right; scammers are just a bit smarter than ordinary people.

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HappyMinerUncle

· 01-11 10:07

BitConnect's bloody and tearful history, does anyone still remember? Now, these "high-yield" projects are even more cunning. That's why I always say, open-source code doesn't necessarily mean the project is reliable, everyone. Listening to Vitalik say these things is reassuring, much better than some project teams bragging. Newbies can never tell whether it's technological innovation or a Ponzi scheme, so sad. I no longer believe any promised stable returns, especially in this market.

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