It looks like OneCoin CEO Dr. Ruja is feeling the heat from law enforcement and regulators. Earlier today, she announced she steps down as the CEO of OneCoin, and wants to focus her full attention on the “new blockchain” they are developing. A new CEO has already been appointed, although all signs point towards the demise of this massive Ponzi Scheme.
The End is Nigh For OneCoin And Its Sheeple
For the longest time, Dr. Ruja has been the face of OneCoin. She has held various speeches and presentations on why this Ponzi Scheme is better than Bitcoin. Unfortunately, thousands of people fall for these empty promises, and it looks like there is no stopping the OneCoin train.
But that situation may come to change soon, as Dr. Ruja is no longer the OneCoin CEO. Effectively immediately, she has stepped down from her position of power to focus on “developing the OneCoin blockchain.” Everyone knows the team has no blockchain, and she is just doing this to cover her own behind.
Less than 48 hours ago, all OneCoin members saw their balances doubled. To this day, it remains doubtful anyone managed to withdraw those funds, as the Ponzi Scheme will run out of cash sooner rather than later. Since there is still no proof of OneCoin even making money in some capacity – other than by scamming investors – the end may be near.
The New OneCoin CEO Pablo Munoz, who is now at the helm of this massive Ponzi Scheme, will find himself in a pickle very soon. Placing Munoz in charge was a logical choice, considering he was the VP at other MLM schemes throughout his career. He even worked for both Avon and Tupperware in the past, both of which are legitimate companies.
Unfortunately for Mr. Munoz, OneCoin is being scrutinized by law enforcement and regulators. Officials will crack down on this Ponzi Scheme shortly, and it will spell all kinds of disaster for those who are in control of this program – particularly the CEO.
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Can you provide proof, Mr. Buntinx? A link? Where does it say anywhere that she stepped down? Can’t seem to find any evidence.
She announced it herself at the Bangkok event on Saturday night. They introduced the new CEO on stage in front of the 8,500 OneCULT members in attendance and 1500 following the LIVE coverage online.
The new ceo is to take care of onelife. Ruja will continue to focus on onecoin. The article is baseless. Get some knowledge before posting .
Does that mean she is gonna sit in front of her laptop watching that Shutterstock looping “mining video” and screaming “Go, Go, Go, Mine, Mine, Mine!” ? Cause that seems to be how OneCoins are mined.
Bah hahahahahahaha!!!!!!!!!! 🙂
Such a stupid miss informed post. This guy even doesnt know the difference between Onecoin and Onelife Network. She resigned as a CEO of Onelife Network which is networking side of company not from Onecoin ?. She is still Onecoin Ceo and she is focusing on creating useability of Onecoin as she is not a networker she appointed a new Ceo Mr Pablo Munoz who has all Life network marketing experience. A guy like him will never put his name on risk after such a fantastic career he knows the power of this opportunity. This world is full of online geniouses who have no life and no succesful track record like the one who posted this?.
Regards
Malik
just wait till 2018 then we can see who has the last laugh
Who is the Scammer?
The person posting this crap. Oh she gets paid for all the clicks as you come to her pages. Oh look at all the crap you can click on so she can make money. Oh and if you buy something she really scores. Wake up people Bloggers are without a doubt the real scam. Did she mention who took the position of CEO. Hell no. That would reck her post. Bloggers are scammers and that is a fact. They get the crap off the web with zero proof of truth. If you believe this crap. shame on you for being so stupid.
Oh these sad onecoin “investors”. Your money is gone. You should be lucky if you suck at mlm, it will keep you from being dragged into the courts. But stay away from tall structures and train tracks as it will be all too tempting to go the easy way out.
So is London Police investigating Onecoin or this webpage, huh?
You Onecoiners will fall so soon, and land so hard.
You Onecoiners will fall so soon, and land so hard.
This blog is just another bullshit ppc site pushing your own bitcoin mining and lottery. You have seo’ed the site well. hence the traffic. Baseless and bullshit
Your money is gone. Accept it.
Whats makes you say so?
Who are you?
What makes you an authority on this subject?
I am making money, have drawn money and so has my team. So what crap are you talking about?
Made over €7k in euro. I have millionaires in my team from Onecoin so I would like to know where you get your info from and why you are so passionate about being a Onecoin Hater?
And another thing, she must bet a dam good con artist to con 2.5 million members and the bring a top exec from Avon to join her in her “Ponzi scheme”
Do you guys throw the word “Ponzi scheme” around instead of saying MLM?
What do you think Ponzi scheme is?
Why these investigations from Police?
Why is Police such a Onecoin hater?
You know, it is all about greed.
This is why all of you, except the “heads” (many of them will be in prison in the future), are making nothing, and just a few are making the big money. And not big OC but big € or $.
Police investigate lots of things. No one has been convicted. If you not making waves in your industry it means you just not working hard enough.
Oh and by the way. read this from onecoin.
ONECOIN OFFICIAL RESPONSE TO THE RECENT STATEMENT OF THE FINANCIAL CONDUCT AUTHORITY (FCA)
OneCoin is disappointed that the FCA has issued a statement without having first contacted the company. OneCoin has not been contacted by the City of London Police. No allegations of any wrongdoing have been put to OneCoin and the basis for and scope of any investigation has not been explained.
OneCoin is a global software and technology company, with offices in Bulgaria, Hong Kong and the United Arab Emirates, which has developed a cryptocurrency. It shares some features with other digital currencies, but has a unique centralised model, which includes maintaining a database record of each transaction and client and the implementation of Know-Your-Customer (KYC) rules. These measures help protect its clients.
OneCoin is committed to following good business practices and the relevant rules and regulations in the countries in which it operates. It will co-operate fully with the authorities in pursuit of this objective.
THE INVESTIGATION IS BULLSHIT!
BUSINESS IS ABOUT GREED. WELCOME TO CAPITALISM.
What’s your point? None!
Sorry, you should take that class again. You missed alot.
I read that. You don’t know shit.
ACCEPT IT, YOU HAVE BEEN FOOLED.
Check out the FB of your OC leaders.
Check out their gold chains. Check out their new houses.
WHAT DID YOU GET? 😉
Also how about answering the rest of my questions
Whats makes you say so?
Who are you?
What makes you an authority on this subject?
1400 coins worth €7 = €9800 . I paid €580 for my package. I would say i have done well.
Oh and I have made 7k in cash bonuses.
https://uploads.disquscdn.com/images/aa667602c4df9424c1a2ad70d8cc83c197590637d655a59333974ef77d67ac83.jpg
You seem to be another ignorant outsider that has no clue how MLM or new concepts work.
That was such a profound answer. is that all you can say? OMG seriously. Rather delete your posts as you looking like a fool now!
again i ask you the same questions that you have not answered
Also how about answering the rest of my questions
Whats makes you say so?
Who are you?
What makes you an authority on this subject?
And what have their gold chains got to do with the investigation?
She is a good con artist. She already did BigCoin and Gusswerk WaltenHofen.
Of course not by herself only. There are lots of fraudsters on top line in OneCoin.
Sebastian Greenwood was in BigCoin too, which was a practise round for OneCoin. Investors lost $50 million.
Just show me that line in a book. Also, in this book, show me the line where it says “I takes your moneyz and doublez it, and itz worth the same as before. And will go to 25.”
are you paranoid yet?
Why would i be paranoid?
What are you talking about? Talk English and talk sense please
so anyone that has a business that fails is a fraudster?
Grow up mate seriously
She was sentented in German court because of multiple frauds she did in Gusswek WaltenHofen also against her workers. She avoided from jail by paying. It is all documented in German newspapers.
BigCoin was a fraud similar to OneCoin but in much smaller scale in Asia, she was involved with, but of course not appearing as the inventor as in OneCoin.
look
“[OneCoin] is a simple recruitment-driven pyramid scheme, backed with a
residual binary compensation structure. Masquerading as a
cryptocurrency, OneCoin’s OneTokens are nothing more than Ponzi points.
The more people join the OneCoin concept, the higher the popularity and
value of the currency.”
You got that one right!
It’s about ppc…
A Ponzi Pimp Coin…
Geezzz…
Look up what happens to the value if shares split in the real world…
Geezzz…
Will never go public…
No exchange will do this crappy KYC…
Geezzz…
Hi Miss SE Sher,
I have a few questions if you wouldn’t mind answering as I’m curious about onecoin:
– Have you been able to actually cash out/withdraw any of the money you’ve made?
– How does the company make so much money that it is able to give you such a high ROI?
– One coin supposedly uses a blockchain, but I can’t seem to find any way to view the blockchain transactions to verify the legitimacy of the network, is this posssible?
Thank you for your time and any answers you can provide.
Stupid you are and member of “Believers of Looping Blockchain Video” cult. Onecoin is just a ponzi because…
a) No evidence of blockchain
b) Ruja was buying more time several times from the beginning of Onecoin
c) Single cryptominer does not need to audit blockchain
d) Still 0 merchants
e) Onecoin is laundering money through companies owning bank accounts
f) OC value is invented because OC can’t be used on nowhere
The block chain is audited by an independent auditing firm company.
So what if the blockchain is looping pictures. It’s a closed Blockchain. It does not mean that the blockchain does not exist. Do you think that an auditing firm would take a chance auditing a company that is fraudulent. The auditing firm it a billion dollar auditing firm. Speculation!
Where and when and why was she buying time? for what purpose. This is just speculation
C. Considering that the Blockchain is closed, of course there needs to be an independant audit.
D. 7000 Merchants have been introduced to Onecoin excepting OC. This was launched 01 10 2016. You are speculating again and ill informed.
E. Speculative crap, with no basis or proof.
F. OC value is based on supply and demand. No matter that previously there was no where to use the coin. Most crypto currencies are not able to be used anywhere. Where can you use dark coin or light coin or ripple coin owned by Google? The only coin out there that anyone can use is Bitcoin. So your argument is ridiculous and baseless.
– Have you been able to actually cash out/withdraw any of the money you’ve made? Absolutely. Every penny of my €7k commissions I have drawn.
How does the company make so much money that it is able to give you such a high ROI? There is no high ROI. We sell financial education packages just like any other company. the MLM side of the business is based on a binary model which is a very lucrative sustainable model. When you sell IP (their education system, which is digital therefore) their profit is 100% they can afford to offer high commissions.
– One coin supposedly uses a blockchain, but I can’t seem to find any way to view the blockchain transactions to verify the legitimacy of the network, is this possible? The block chain is not open to the public but the blockchain is audited by an independent auditing firm. The auditing firm is a billion dollar auditing firm which is independent from OC. You can contact them directly to legitimize this story if you like.
Here is an audit report .
https://uploads.disquscdn.com/images/349c6785d837a2c3fb9d557d7d783c5722688ebfab19c32df6f9d422b12978fc.jpg https://uploads.disquscdn.com/images/e21f6dfc74a59b02b66842cf8a66697e161479d464105dfc218cbeac2f027c94.jpg https://uploads.disquscdn.com/images/39e9638a8ccc43f5678ad915fa7e917f8ba8535b1d0ef69033fa4adb0b80d5bb.jpg
If you like I can give you a free account in OC and you can check it out for yourself from the inside.
the coins have not split. So what is your point? Any you can not compare shares to crypto currency. And if shares do split the value does not necessarily depreciate in value. It just means that more shares have been offered to the public due to demand. which means the price increases actually.
so then you have discredited yourself and the blog, becasue the site is SEO’ed and PPC so the reason for the blog is to feed off highly searched on keywords to create revenue from sheeple that believe your baseless theories.
Look where dude! are you ill?
She is Bulgarian not German. So why would she be in a court of law in Germany when her offices are in Bulgaria?
There are many business owners that make mistakes with their staff etc. The fact is she was not convicted. Nelson Mandela was also convicted but he was a president. There are many cases of Donald trump and other CEO’s having court cases etc. It’s nonsense.
Clearly not as I am the one raking in the € ‘s and not you. Nothing to be paranoid about. I sleep very well at night thanks
The increase in the coin is speculative. just like the info on the internet saying that bitcoin will reach 500k to 1 million a coin in 10 years.
The coin is a currency based on a futures market using supply and demand which will affect the coin. Basic economics. Which you lack like your grammer
Well Donald trump lost billions and people lost their homes too. does that make him a fraudster? There are many companies that go insolvent due to the business model being flawed. It does not make the person a fraud. There have been many investments that crash and burn but they also not fraudulent.
your argument is baseless.
Honestly, look that subject up again. You are way off…
There’s no difference in spliting shares or doubling a coin…
What is your argument dude?
Just give me one example of a company which doubled their market cap by pushing a button…
Geezzz….
What about this:
http://e24.no/privat/lotteritilsynet-sjekker-pyramide-tips-tusener-av-nordmenn-investerer-i-omstridt-kryptovaluta/23807924
No response from Onecoin and that officeal response is just a bit of paper and does not proof anything. Onecoin is lying to people and stealing their money. What you think why Ruja and other toplevel men got that money? By selling coins, eh. No, from you.
Where is that money coming when you are selling coins? FROM OTHER MEMBERS.
Nelson Mandela?
OK, so your Queen is Mother Theresa of Crypto currency?
She was in court in Germany, because Gusswerk Waltenhofen is a german casting company. She pled guilty in court March 2016.
She got probation and had to pay fines. She avoided bigger consequencies because she settled and paid before the sentencing (with money she already got from OneCoin fraud most likely).
The FACT is she was convicted. German papers reported it, for example AZ Zeitung journalist Sabine Beck. You can contact and ask her if you need further verification.
https://www.pdf-archive.com/2016/06/30/report/preview/page/1/
But lets not forget BigCoin, which was OneCoin in smaller scale. What a surprise that Ruja has never mentioned it, even though there is a video of her inking her to BigCoin…
The Merkle:
Anybody here checking posts which are in “waiting approval state?”
I have 2 messages waiting approval. Really irritating to write an answer and then it doesn’t appear and nobody is checking the posts.
She went to school and grew up in Germany.
Her husband is German.
You don’t know shit.
Supply and demand?
Youre telling me you can sell your OCs today and get hard € or $ for it?
Wake up.
You are either a Troll or a very stupid person,
OR you are totally into OC and trying to fool people further.
I think the latter is true. Get a life.
You sound like the cryptoqueen (LOL) herself!
Is it you, big mama?
Well if that is the best you can do on this topic, then it goes to show that you are an ignoramus. no better than the rest of the hater bloggers out there. You just another blogger following the sheeple bloggers, baseless comments and zero research. Only research you have done is read what other PPC bloggers are posting sponging and feeding off of highly searched keyword, believing all the nonsense un-researched propaganda from MLM failures and haters.
There is no fooling here. Go open an account buy a package and test it for yourself rather than just writing rubbish. I as an open minded person did exactly that and found all this bullshit propaganda to be exactly that. BULLSHIT.
absolutely we can. Just goes to show that you have done zero research and you are talking as a non OC customer or rep. You know nothing and you are just ignorant. Why don’t you open an account buy coins and then sell them then you can have an opinion.
makes no difference what her nationality is. there is no case is there? So its just more propaganda about nothing.
The fact that you do not even know who Nelson Mandela is just goes to show the mentality I am dealing with. and if that is the best argument you have, you have embarrassed yourself
a. Of course there is evidence of a blockchain. Audited by an independent auditing firm.
b. your comment is not english so i can’t answer. What time was she buying and for what reason?
https://uploads.disquscdn.com/images/349c6785d837a2c3fb9d557d7d783c5722688ebfab19c32df6f9d422b12978fc.jpg https://uploads.disquscdn.com/images/39e9638a8ccc43f5678ad915fa7e917f8ba8535b1d0ef69033fa4adb0b80d5bb.jpg https://uploads.disquscdn.com/images/e21f6dfc74a59b02b66842cf8a66697e161479d464105dfc218cbeac2f027c94.jpg
Now it’s me who doesn’t know, aye? What does apartheid has to do business?
So due to me eating you for breakfast you get in to insults. where are your fact man!!!
Agreed
like they said about the internet. Like they said about mobile phones and whatsapp and facebook. you will get in when the coin price is €200 and we will be billionaires and you will say!@#$%^&* whay did I not listed 🙁
Agreed
And your proof of your insight in to the future Nostradamus?
*rotfl* useless.. I’m out…
Do you actually have a point to make?
Dont fight with an internet onecoin shit troll who is a lady one day and names him/her/itself Alan the next morning.
Why would I want a shitty man-made nothing coin instead of my hard Dollars I keeps earning?
S-Systems a billion dollar auditing firm?
LOL. It’s a very small bulgarian firm. Is there even any other than Atanas Lazarov working there?
There’s absolutely no reason why the OneCoin “blockhain” couldn’t be totally public and downloadable. Hell, OneCoin is supposed to go “totally public” second quarter of 2018, so what’s the reason not to make the blockchain available for all just to see it in whole.
The only coin that can be used by anyone is Bitcoin? In which universe? You know nothing about cyrptocurrencies. Coinmarketcap lists 23 markets where you can use for example Ripple. Buy/Sell it. It has a real value in real public exchanges. Unlike OneCoin which price is total fantasy decided by Ruja based on nothing.
Miss SE Sher, or “Alan”, Wallstreet is laughing about your arguments. Don’t you get it? You have been fooled.
The world will never accept a man-made “crypto”-currency.
Even when it’s billions of Dollars in “market cap” (which is useless since it is like Monopoly money and Monopoly money market cap) the big players will crush your shit sooner than you think.
Just sit back and watch. Just wait a little. I’m out now.
Still laughing about you and your stupid tries to convince more people of your worthless virtual stuff which is “audited”. Damn you missed so many classes I cant believe it.
My advice is stay away of Onecoin. One audit report does not proof anything because everybody can made up such “blockchain audit report”.
Don’t you ever think why company does not show the blockchain to the members only those “reports” or why “blockchain” is some looping video?
Ruja is buying more time changing her plan constantly. It was told that marketplaces are opened when 30% coins are mined. That milestone was last spring. Is there any marketplaces now? There is no need to create a new blockchain either. That was second “buying more time” act.
Thanks for the advise. your advise is baseless and your opinion only. That is not 1 audit, The auditing firm audits the blockchain on a monthly basis. Call the auditing form and verify the audit, come up with fact why the audit is not real or KEEP QUIET!!!!!!!
So you onecoiners tell people you want to lure in to your scam, that OneCoin is audited by a billion dollar auditing firm?
Tell me, do you really not know any better what is the situation with the “auditing”, or you know but lie anyway? Which one is it?
Now I get it.. this is satire, right?
You are just pretending to be a Onecoiner…
This is hilarious!
I can’t stop laughing..
I believe only when i see true blockchain like this one, https://blockchain.info. Onecoin has only skew video. Don’t waste your money and keep your friends away from it.
Of course there is a case. i wrote a long response but it is still in “pending status”, nobody from The Merkle check the pending messages it seems.
In short for example AZ Zeitung’s Sabine Beck wrote about the court case against Ruja. It’s not any propaganda.
The paper articles are in german language, but nothing prevents you contacting AZ’s Sabine Beck yourself, if you think this is some propaganda from “competing bitcoiners”. Contact her, ask yourself.
OMG I am at a loss for words how ignorant you all are about MLM, networking and the binary system which is such a fair system. That even you can make more money than the top income earner.
Work hard and you earn. It has nothing to do with when you got in or anything else.
Becasue you dumb and have no clue about cryptocurrency and the value of it. Are you aware that bitcoin is the fastest growing currency in the world in 2014, 15 and 16?
obviously, isn’t that how most investments increase in value. What a dumb comment!
and saying it is a pyramid is the most ignorant statement coming from an uneducated person. obviously having no intellect about netowrking or the likes
well then genius tell us about the auditing.
What you write is wrong. Think about Bitcoin 2014-2015 crisis.
Hey TROLL, I copied it from the internet.
Damn, you are so smart.
Can you send me a sample ONECOIN?
Oh wait, it’s not possible. I can even take BTC out on an USB stick.
Accept it, I win, you lose.
Can you send me a sample of Bitcoin. So such a idiot. I mean seriously what a pathetic ridiculous argument.
Oh and by the way you can save a bitcoin to usb its called cold storage. So it appears you have very limited knowledge on crypto and the tech
The so called “auditing” is done by a very small bulgarian firm called S-Systems, by a guy called Atanas Lazarov. Probably a one man company, wouldn’t be surprise if its only purpose is this fake auditing.
The actual raports are a joke, which even any teenager could write.
“In our opinion this automated auditing procedure shows that all coins are mined within the blockchain”. Fking LOL.
No you can’t sell the coins freely. There are very strict day limits for selling. Very often the sell orders fail, because only people who made networkbonuses will buy the coins, or they HAVE to buy the coins, cause they have to use 40% of the bonus for OneCoins.
Actually it is you who knows nothing and is ignorant. You only know the superficial stuff that upliners, top leaders and Ruja are telling you.
There are 2 types of onecoiners:
a) low IQ greedy retards, who believe the scammers without questioning anything
b) higher IQ greedy bastards, who want to make money with network bonuses. Many of these people believe that OneCoin really is a revolutionary cryptocurency. Some don’t care what it is as long as they make money with the bonuses. And some know exactly that it’s a scam.
It’s absolutely ridiculous that 30. september OneCoin market cap was about 6 billion euros, and 1st of october it was close to 14 billion euros.
The combined market cap of all cryptocurrencies listed on Coinmarketcap is about 10.9 billion euros.
With the speed Ruja creates coins, OneCoin will have 150 billion euros market cap in 9 months. Samsung Electronics market cap is 144 billion euros.
Only a total retard doesn’t understand that this is ridiculous.
I think you should look up “pathetic”, a word which you seem to have come across while surfing the interwebs.
and that is your response? clearly you have lost this debate. Good day
The sell limit is there to protect the value of the currency and avoid volatility, which i think is genius.
I did not see the market cap of 14 billion anywhere, please share that info.
Regarding your post about the 150 million. That is exactly what She wants. she wants onecoin to be the biggest currency out there. Hence the volume of coins still to be mined.
you can google the company and see the size and the T/O. and who there customers are. I highly doubt an auditor would put his degree on the line for a company that is bogus. and your statements are just opinion.
I own lots of hard Euros and Dollars. You own nothing but a number on your computer screen, and lots of disappointed people which you have betrayed. Get a life.
and your dollars and euros lose value every single day. Wait until Deutsche bank crashes and burns then come talk to me about how valuable your hard cash is. I own a crypto currency which increases in value every 3 months. 1st time in history that that is happening. I have appreciation where you have depreciation.
Haha, yes Alan Onecoin will be a BILLIONAIR. A ONECOIN BILLIONAIR.
This is the joke of the day, man.
Tell me, if youll be rich one day, who will give you all those riches?
I think you truly missed all economics classes in university.
Hehe, I feel sorry for you lady.
why becasue you have been beaten in this debate and you have nothing further to contribute?
Leave your money in your fiat currencies
Dang, now you really prove yourself as a tard.
You means Onecoins is no fiat currency?
JOKE OF TEH DAY. You is a good troll, coingratz.
Shut up now and go play your PS and count your worthless OC.
I win the internet today and you lose becuase you took teh wrong side.
Really, onecoin partnered Aurum Gold Coin which is backed by real gold held in Dubai.
ld Vault is providing to you Aurum Gold Coin – the first hybrid cryptocurrency backed up by real and solid gold. Gold Vault is your virtual portal where you can sell/buy your Aurum Gold Coins while, in reality, exchanging real gold. Each Aurum Gold Coin is backed up by 10 mg solid gold, which is stored in a highly secured gold vault. You can enjoy all the benefits of holding a real gold. All you need to do is to join us. Welcome to the world of hybrid cryptocurrency!
Why don’t you buy gold yourself and put it in your safe, hmm?
Oh, another question on this sensational system.
How much Onecoin I gets for an Aurum Gold coin?
Dear Alan, I checked out the AURUM GOLD COIN and it sounds STRANGE. Look, my calculation as follows, maybe you can help clarify this:
– I buy 1 ounce (31,1 g, in case you dont know) of REAL GOLD for let’s say € 1.200,- today.
According to the interwebs, 1 Aurum Gold Coin will cost me about € 0,50 – that means I will get about 2400 Aurum Gold Coins for € 1.200,-.
Each coin is backed up by 10 mg of REAL GOLD.
2400 x 10 mg = 24.000 mg = 24 g. You see I lose more than 20% in value compared to REAL GOLD. My question: why should I prefer this gold coin over REAL GOLD?
Well, yeah, you can really say that the limits protect very efficiently the fake value which ruja pulls from her handbag.
Ruja said she created stage in front of 10000 people about 2 billion coins in a bit over 1 minute (well it was 1.9x billion coins)
2B*6.95€= 13.9 billion euros. At the moment with 2.34 billion coins OneCoin has the fake market cap of 16.2 billion euros.
It’s nice that onecoiners don’t know even basic things about what is going on with their coin..
The guy (auditor) practically works for Ruja. Check for yourself: http://www.s-sys.eu/?page_id=104
The company itself says its only business is cryptocurrency auditing. And OneCoin claims to be the only audited cryptocurrency.
LOL.
I heard about the Gold Gold Coin..
Must be worth double if they call it like that..
Geezzz…
What is baseless?
Why the last audit report is from july 2016? Isn’t there any activity on blockchain after that month? And why Onecoin counter value is wrong?
It’s just some bulgarian guy who has a small most likely one man company and who is now also paid by Ruja to write these childish auditing reports. Only onecoiners take it seriously.
His degree on the line.. *facepalm*
You can’t buy real gold for resale in grams unless it has got a hologram or barcode. For this barcode and hologram you pay a premium. the reason you have the holgram is so that your gold does not have to be melted down to verify its purity when reselling it. If there was no holgram you need to melt and check purity. This costs money. also you paying for safety. the gold is kept in your name in a vault in Dubai for you. you pay for this cost
If yu do your reasearch, you will find out that every expert and knowledgeable person who knows OneCoin says it’s a scam.
If your “research” is the superficial information what the OneCoin/OneLife company, top multi-level-marketing leaders, onecoin reps and Ruja give, yes then you can fall into the scam.
Doing a real reseach there’s only one conclusion: Ruja is a convicted criminal who was already with Sebastian Greenwood doing the scam with BigCoin in Asia. Now they are doing the same thing again globally and fine tuned the scam.
Guess you never coded a single line, else you wouldnt talk about
the binary system being a “fair system”. This is so hilarious. Everybody knows youre a fool now.
wow, you have proven a total idiot now. Sure you can buy 1 g of gold. I own so much gold and no single piece of it has a hologram on it. damn what kind of stupid troll are you thinking anybody believes the shit youre talking about? This will be my last answer since I read only bullshit from you without hard facts. youre just a onecoin reseller and you live your dream, being too stupid to understand the technique behind the scam.
If you really say real gold has a hologram on it, the world laughs about you and you never owned a single gram of gold man.
Maybe you can do that in your country. Not where I come from. We need a license to buy raw gold. unless you buy Kruger rands
@Alan, the company that produced that ridiculous blockchain audit report is located in in a run down apartment block in a northern bulgarian town: http://imgur.com/a/r4wRt. Sorry, there is no blockchain, only a pathetic simulation of one.
@Alan, according to documents I have sourced from the commercial registries of Gibraltar and Bulgaria, OneCoin is actually run by Ruja’s mother Veska Ignatov.
Any comment, Alan?
@Alan, your own Chief Leadership Office Ed Ludbrook, a former investment banker, admits that the price of OneCoin is neither real nor credible at the moment: https://youtu.be/1wLNU8C-2-E
@Alan, you appear not to understand that bitcoin and other cryptocurrencies only ever exist in a blockchain, ie, you cannot “save” or store them anywhere such as a USB stick. What you are in fact saving or storing are the private keys that unlock those coins, not the coins themselves.
Actually, lets do it that way,that you list some recent wrong information from “bitcoin freaks blogs”, cause you think they are wrong.
@Alan, a search of the Bulgarian commercial registry reveals that the author of that mickey mouse blockchain audit report is a one person company located in a run down residential apartment block in northern Bulgaria. I have the evidence on my imgur page, but I am prevented from posting the link here.
Ari Widell, AKA: Scam Detector, just came out with another banger!
Apparently, Bulgarian newspaper Банкеръ / Banker published an article about OneCoin last Friday 7 October. The article goes through the latest warnings given by authorities and the earlier scams where Ruja Ignatova and Sebastian Greenwood were involved.
HERE: http://www.banker.bg/finansov-dnevnik/read/opasni-strasti-s-onecoin
They even managed to get Ruja “the Klepto Queen,” herself on the phone!!
I’ll let Ari take it from here:
http://kusetukset.blogspot.com/2016/10/onecoin-whole-attack-comes-from-bitcoin.html?m=1
It was clearly both that Ruja was not expecting such a call, nor was She prepared our happy about it! Lol.
OneCoin collapse has already begun. Grab your crash test helmet, dummy!
1. Bitcoiner are not members they have wallets.
2. + 3. Even Onecoin has to have expensive equipment to mine those coins.
4. Real Blockchain verifys it self.
5. Amount of coins not relevant.
6. Less time to verify transaction actually less secure.
7. mBTC transactions
8. stable because no real trading, market regulates it self in the real world.
9. You cannot MLM a currency, OC only MLM Edu- Packs.
10. I would let that count if OCs KYC wasn’t from the last century. Today: Skype with ID card and facial biometric recognition.
11. Onecoiner have no control over their coins. OC has it.
12. See 6.
Hi “Craig Scott”,
you forgot the most important fact:
ONECOIN: worthless on the market
BITCOIN: has a certain value
Dear visitor,
this article’s comments have been taken over by onecoin cult members (e.g. re-sellers who are making money in the scam).
Please refer to internet resources (do a google news search for “Onecoin”) to get an independent impression on this scam and the suspicious activities behind it.
Will never be traded on external exchange… No KYC…
Really? You seem not to understand Bitcoin and the security issues. The last theft of $80 million btc might jog your memory.
https://en.bitcoin.it/wiki/Cold_storage
Cold storage in the context of Bitcoin refers to keeping a reserve of Bitcoins offline.
For example, a Bitcoin exchange typically offers an instant withdrawal feature, and might be a steward over hundreds of thousands of Bitcoins. To minimize the possibility that an intruder could steal the entire reserve in a security breach, the operator of the website follows a best practice by keeping the majority of the reserve in cold storage, or in other words, not present on the web server or any other computer. The only amount kept on the server is the amount needed to cover anticipated withdrawals.
Methods of cold storage include keeping bitcoins:
On a USB drive or other data storage medium in a safe place (e.g. safe deposit box, safe)
On a paper wallet
On a bearer item such as a physical bitcoin.
Online, but on encrypted media where the encryption key is offline.
Use a offline Bitcoin Hardware wallet
Deep cold storage refers to keeping a reserve of Bitcoins offline, using a method that makes retrieving coins from storage significantly more difficult than sending them there. This could be done for safety’s sake, such as to prevent theft or robbery.
Because Bitcoins can be sent to a wallet by anyone knowing the wallet address, it is trivial to put a wallet in cold storage but to keep a copy of the addresses needed to send funds to it.
A simple example of deep cold storage is opening a safe deposit box and putting a USB stick containing an encrypted wallet file in it. The public (sending) addresses can be used any time to send additional bitcoins to the wallet, but spending the bitcoins would require physical access to the box (in addition to knowledge of the encryption password).
Deep cold storage would typically be used for holding large amounts of bitcoins, or for a trustee holding bitcoins on behalf of others. In such a case, additional precautions should be taken beyond a simple example of a single safe deposit box.
The box could be accessed by bank or maintenance personnel, so the contents of the box alone should not be sufficient to access the wallet.
The box could be stolen or destroyed in a disaster, or the media could become unreadable, so the box should not contain the only copy of the wallet.
The trustee could die or become incapacitated. If access to the wallet or knowledge of its location is lost, or encryption passwords are lost, the bitcoins are gone forever. Provisions should be made so that the box can be accessed by someone else as appropriate, including any encryption passwords.
Well that is why we are called visionaries. No one can predict the future but from an entrepreneurial point of view. If we are right. You gonna kick yourself and the blog is going to be quite an embarrassment. not to mention your ignorant statements.
Just a visionary and a optimistic entrepreneur.
“Most Likely” Speculative, unfounded and worthless comment. Who are you and why are you such a credible blogger?
Speculative, unfounded and worthless comment. Who are you and why are you such a credible blogger?
Agreed.
You know that doing what 2,5 million other people do doesn’t mean you’re an entrepreneur…?
And your amazing investigative reporting comes from which credible source?
Or is this more speculative crap?
clearly you have not bought gold or there is no legislation in your country for buying raw gold. We have legislation in our country that you can’t buy gold without a gold license.
Hence the creation of Karatbars.
So anything I say you just going to refute with no fact. I have at least given you fact here and backed up my argument with fact. You are just speculating. Where is the Onecoin counter wrong?
No external exchange has KYC…
Geezzz…
Yes, mock, be derogatory, insult and you still look like a fool. You have not backed up any of your arguments with fact. You are still speculating.
We, as visionaries, entrepreneurs and members chose to be excited and optimistic about the future of the coin and are enjoying the rewards of the product and the training. While you guys on the outside just speculate and read the bullshit of uneducated, non qualified, opinionated, ppc, 3rd party affiliated, bloggers.
Who is the joke here? if you didn’t know that question is rhetorical, so please do not embarrass yourself further by answering.
All independent, with zero investigation. It is just hearsay.
Google is graffiti with punctuation. bloggers blogging at there will with there ppc, affiliate advertising coining it off highly searched on keywords. Vultures, the lot of you.
Great post
Again… Entrepreneurs don’t do what 2.5 million others do…
Not worthless at all. you can join, buy and trade coins. So your statement is a load of rubbish from a non, uneducated member. Zero investigatory work done from your post. Just more speculation driven by the ppc vultures. How pathetic!
All comments are for @Mark
1. We have wallets.
2.+ 3What’s your point? The difference with us is that you don’t need to be a genius to mine. So we are mass market orientated. Apposed to BTC focused on small segment of the population.
4. We have that, it is just closed to the public for viewing. Which does not make it bogus!
5. Very relevant as that is what will give us a bigger market cap than Bitcoin and make us more popular than BTC. it’s called marketing strategy!.
6. Mark. that is absolute non sense. The reason we want a faster blockchain to verify transactions is becasue BTC cannot compete with Master card or visa card. Our blockchain does a transaction and verifies transactions in 1 minute. not 20 minutes. This is a very important feature that will catapult us in to being the favored crypto currency of the future. In the future we will be able to transfer coins to merchants and the time to process those transactions takes 1 minute. Now your argument will be that you can order a debit card for your BTC, yes this is true, but then you are subject to the huge bank charges on that transaction billed to both vendor and payer, also you have the currency conversion % loss as the payer. Our currency is setup to be the market leader and preferred payment method.
7. Not sure what mbtc transactions is, so I can’t comment.
8. The price is not regulated as such, the availability of coins sold per day is regulated. This is exactly what De-Beers, Anglo and all diamond and gold houses do to protect the value of that commodity. It is simple supply and demand strategy to make the value of the commodity increase. A brilliant adopted strategy that has worked.
9. The currency is not MLm’ed, we MLM the education package. You can MLM a currency on the back of another product, which is is clearly what we have done. The strategy has catapulted the Onecoin into every blog and caused so much controversy. Wow we have 2.5 million members. So clearly the business strategy to promote the currency has been extremly successful and widely adopted, more so than BTC, HOW STRANGE!
10. God forbid we should have a system where the tech is not up to your standard. Is that seriously your argument?
11. You have no control over mining or your coins either. Just like in any bank or financial institution. If your BTC wallet is hacked, what is your recourse? If the BTC wallet company closes down or the web site goes off line like so many BTC mines offering huge returns have done in the last year, what is your recourse? This is normal risk assessment. Hence my comment about cold storage of coins in another post. ( https://en.bitcoin.it/wiki/Cold_storage) We had a competition open to the public to try and hack Onecoin, offering a prize of $100,000 to any hacker successful in penetrating OneCoin Vault. The competition has and still is running for the past 2 years and no one has been successful in hacking. Just thought I would throw that point in.
12. Same as 6.
Again your argument is not very sound, it is just opinion.
What is your grudge and why are you so bent on focusing on OneCoin and saving the world and focussed on us excited, optimistic entrepreneurs?
Did you lose money with MLM?
Oh, owning my own biz, being independent, and having the potential to build a team and unlimited income in your OPINION is contrary to most business Guru’s facts from experience , namely, Banson, Kiosaki (Best financial Author of our time, owner of an MLM company ), Gates, Trump (Owner of MLM company) Buffet (most successful investor of all time, owner of 3 MLM companies), just to name a few!
But hey let me take advise from you, that would be a very wise decision right? Becasue your credentials speak volumes.
Please specify what is not based on facts!
You should know why the Onecoin counter is wrong.
You was only told what you THINK is right. You don’t know anything about cryptocurrencies if you say “cryptocyrrencies must be audited”. That’s totally wrong. Have you ever read, somewhere else than Ruja’s pdf, how cryptocurrencies works?
Technologies change and evolve. Yes I am doing crypro with many platforms, mining buying and selling so I am no expert but I am quite knowledgable on the topic.
The audit is there so that the public have satisfaction that there is an a independent audit as the BC is not open to the public.
Why is everyone so shocked about it? The technology has evoloved very simple to understand
Oh , so other entrepreneurs selling food and having food stalls shops, supermarkets all selling coke and chips are not entrepreneurs? Interesting.
So if you match and model (Basic biz principals) successful formulas, business strategies, and systems and emulate it in your own “biz” you not an entrepreneur?
What shit are you talking! Maybe you should not comment any more, you are embarrassing yourself.
Does this look like a billion dollar company to you?
http://openleis.com/legal_entities/5493005AKVSYRN3QYV16/S-Systems-Ltd-
I’m not any blogger. I’m a regular citizen/technology enthusiast fighting against OneCoin scam.
S Systems Bulgaria information:
http://openleis.com/legal_entities/5493005AKVSYRN3QYV16/S-Systems-Ltd-
I’m not a blogger. I’m a tech enthusiast against OneCoin scam.
I’m not a blogger. I’m a tech enthusiast against OneCoin scam.
As you can see, there’s almost no information about S Systems even https://uploads.disquscdn.com/images/ffd2720dfd6f7c45ee271d3cdde6c0ff21ab05fe3574db711af7cada15ebfe9f.png .
All I’m saying is that Onecoiners are not entrepreneurs. They live and work inside the box. There’s compliance to follow,OC products to sell, cross promoting is not allowed, no own strategies, discounts, whatsoever, they don’t innovate the company does that ,etc.,etc,etc. They simply have to follow the leaders. It’s all in the IMA-agreement.
By the way, if and when I embarrass myself is my own choice. I like to make people laugh about me… I hope you have a good one..
Well your statements is incorrect. being and independent representative does make you an entrepreneur. Who live and work inside a box? Have you ever done network marketing, by your above statement it is clear that you have no idea of MLM professionalism the mechanics and the work involved.
Of course their is compliance any business has compliance and an operations manual, what planet are you from? Go and read the compliance document on the dashboard.
No own strategies, You are free to market in your own way. No franchise operates and allows you to use your own strategies. MLM is like having a franchise.
We have discounts and specials all the time but you would not know that as an outsider. In fact there is a special on right now until the end of the month.
You do not have to sell OC products if you do not want to, you can just mine coins. Where did you get this info from as it is incorrect.
they don’t innovate. Really? you have no idea what you are talking about . They just launched their new BC. The reason we do not innovate is becasue all we need to do is advertise from them essentially MLM independant owners have their own expenses when they operate and claim those expense off their tax returns as a company not as private individuals.
They simply have to follow the leaders. It’s all in the IMA-agreement. Sort of exactly what a Mcdonald franchisee does. I guess they not entrepreneurs either.
and does that make the system fraudulent or Onecoin a dubious investment. Thats right you just a blogger. All your investigative work is done off of other peoples also non investigative reporting scrounging the internet, copying and pasting in other blogs and messing up our model without any consequences or thought process from your end or the repercussions .
There are many companies out there that do not have web sites and prefer it that way. It does not mean anything.
Actually I presented a lot of facts.
But the only fact I need for my opinion is:
To MLM a currency, Crypto or Fiat, is impossible.
Exactly, by definition franchisees are not entrepreneurs..
http://www.alexa.com/siteinfo/onecoin.eu
OneCoin just “switched on” a totally fake “blockchain,” which is the same old 19€ stock footage of a looped shutterstock video from “their old blockchain.” Lol.
SEE:
http://www.shutterstock.com/fi/video/clip-1089709-stock-footage-computer-program.html?src=search%2F5ZPKdzQrAiS-XDfNB9KsAA%3A1%3A90%2F3p
This is what Ruja the #KleptoQueen Ignatova very clearly pointed to and referred to as the new blockchain. On fact, all OneCoin Press Releases claim that the blockchain was revealed on stage, etc. , when all the was revealed is that they DON’T have a blockchain but a comical looping video of stock footage. THIS NEWS IS TRAVELING LIKE WILD FIRE AND NO TEAM LEADER IS WILLING TO DISPUTE THIS! Not Labine, not Boughey, not McMurrain. Each of these 3 are very good scammers with plenty of experience deceiving people and literally hiding the truth from their victims. Labine might be able to give it a shot, but I think McMurrain will be the best at convincing his victims not to believe what they see with their own eyes THAT RUJA FAKED A BLOCKCHAIN AGAIN!!! @Tom McMurrain is a well vetted expert at looking the camera directly in the eye and then proceeding to repeat whatever lie or deception he needs to, in order to make sure the victims he himself is leeching on don’t get scared our lose faith.
Its hypnotic watching how OneCULT members have completely abandoned all logic and rationale.
The reason the exchange has been down for TEN DAYS, and why only a week after the historic, “one time only” coin double that they now announce the SuperSplit! (which quadruples the ponzi tokens) is because they must buy time and new members to keep the scam afloat.
Yes, its definitely already begun.
Lol, S Systems does have a website s-sys.eu.
Tell me one thing where I have been wrong.
That’s right, you are not able to. All you onecoiners can do is talk without any substance.
I said S Systems is not a billion dollar company, and you claimed otherwise. I showed it has almost no information available on a site which shows company information and only one known person working at S System. So it is extremely likely that I am right and you are wrong.
Lol, S Systems does have a website. You can find it on Google, I can’t link to it here or this message goes to “hold on this is waiting to be approved by The Merkle.”
Tell me one thing where I have been wrong.
That’s right, you are not able to. All you onecoiners can do is talk without any substance.
I said S Systems is not a billion dollar company, and you claimed otherwise. I showed it has almost no information available on a site which shows company information and only one known person working at S Systems. So it is extremely likely that I am right and you are wrong.
You may very well be right about the size of the Auditing firm which means absolutely nothing.
And i never said they were a billion dollar firm. I said they deal and audit assets of around a billion.
I think we have a right to our opinion as you do.
I do not understand your comments. Elaborate please
By the way, because you onecoiners talk about PCP blogs this and that, can you show me some blog article which has wrong information, and provide me provable correct information instead.
I promise I will go after this kind of wrong information in a blog until it is fixed, if you can provide me enough reasons to think that the information is wrong.
Because what I see from you onecoiners, is like the Poland case, where you read one paragraph which says that OneCoin is not investigated regarding financial and bangking laws, and completely ignore the rest. Then you claim “Poland cleared OneCoin WHOOP WHOOP!”, this blogger claiming otherwise is a penny chasing parasite!!!1
Well guess what. It’s you onecoiners who were wrong, because you didn’t read to the end of the document and only picked some sentence which could be interpreted favorably to you.
I see this kind of trend over and over and over from you onecoiners.
But anyaway, maybe you can show me some thing which is clearly and provably wrong in some blog about OneCoin.
If I would be your economics teacher, I’d say: “Do your homework”
Yes, it has evolved from Bigcoin to Onecoin. What is simple? Onecoin is a complex system to lure victims in and same time to hide things from public eyes.
I do not know enough about bigcoin to comment.
What is being hidden?
I have reread your last comment. It is just your opinion. . But if you had done your homework you would know that she has not mlm’ed a cryto the product is actually financial education. and you have tokens to mine the coins.
Please elaborate where you are right and not opinion? And I assure you I will do the same. But all of you bloggers have done no investigative research.
Research is interviewing1st hand the people involved. Not copy and pasting from other bloggers that have done the same to make up your conclusion. Becasue something is written on Googles does not make it factual. I can write bla bla bla is a prostitute. Does that mean I investigated it? NO!
Do proper investigative work then comment. And give me fact from the horses mouth. Not repeat repeat from nothing
Exactly! You pay for Education! Money gone…
You get free tokens Value = Zero
Which are used to mine Coins Value = Zero cause those tokens are free.
Anything multiplied by Zero is still Zero…
If OC would sell Tokens directly it would be a completely different scenario. They’d have a value…
Bigcoin was Ruja’s first attempt to stole money from the people.
Blockchain is hidden, or you (and other believers) are totally losed your mind if you are think that some skewed stockvideo represent real blockchain.
Coin value or value of any commodity is just perception. based on supply and demand so it is just opinion. funny how there are thousands of people out there buying and selling coins at €6.95 right now but you refuse to believe or understand that. So the fact is, the coin is being bought and sold at that price so what is your point?
No money was stolen. The money was used to create the company and the concept failed. that is risk and business, which we as enthusiastic optimistic entrepreneurs understand and are willing to accept.
hidden block chain does not mean it is a fraud as the BC is being audited as we have stated in so many of the previous posts.
obviously the pictures are looped, but the addresses of the mined coins are not.
Again just more bullshit speculation from you guys and no proof that there is no BC or that there are no coins and that this is a fraud.
No investigation done on your part except more reading on Google (google the bible) what a joke!
not complex at all. it is a very simple business model. what are you not understanding?
You should look up the definition of commodity Value…
You got supply and demand right. But it’s not about believing or just opinion, it’s a lot more mathematics and even more than I’m willing to explain here..
And I’m a little confused!
Could you please explain how you can trade at the internal practice trading platform and make a real profit?
To practice usually means to use something without value to test skills so there is no real loss or profit..
Great points. I just feel pity for these OneCULT members. Imagine how devastated they are going to be when it Congress out that all coins were “mined” inn either aSQL Server database or Excel Spreadsheets.
Hey Onecoinists: if you’re willing to multi-signature escrow a wager on this allegation, let’s talk!
Since June I have posted a 100mBTC BOUNTY/ REWARD to prove ANY of my investigative findings, WHICH ARE EXTENSIVE, as being incorrect (outside of misspellings/ grammar, of course), which I’ve published, as being FACT.
So, put up Or shut up!
You and other OneCULT victims are about to get a very HARSH reality check.
Yep. It’s the very definition of a pre-mine, pump & dump; except OneCoin has a stock looping video for a blockchain 🙂 bah hahaha!!!
Except no one is paying €6.95. In fact most sell orders time out, and OneCULTofficial FB pages are filled with desperate sellers trying to dump at €2.00 a coin, more quickly than they can be deleted!
Recent announcements of”SuperSplit” and Supreme Package not even one week after “the Biggest Event in OneCon History,” in which coins magically double and are transferred into a looping shutterstock video Ruja tried to pass off as the “blockchain,” and the backfire and fake exchange xcoinx (owned by OneCoin) just illustrate how desperately close they now are to total collapse and how pathetically they are trying to squeeze new money from newer victims!
Oh, and you think it it’s a coincidence that Ruja stepped down Or got fake pregnant(?).
WAKE UP! IT’S CALLED “THE ESCAPE PLAN,” and its standard protocol in PonziWorld, suckers!
Onecoin CLAIMS to show Onecoin’s blockchain in their back office, but let’s analyze this. I will walk you through the proof that the blockchain showing in the back office is bogus, step-by-step! Take a look at this.
You all recognize this screen.
So, let’s all follow along now.
1.) Bottom Right TITLE: “Current Block is Mining From” Here is you fake “blockchain” as seen in your back office. This is simply a looped counter (banner) VIDEO pasted over a looped video source.
So, the above-looped video with the counter inserted over of it for “blocks mined” that flashes every ten minutes, which you all see, only gives the “appearance” of something technical happening, but of course, it’s all just smoke and mirrors.
BUT WAIT! THERE’S MORE!
2.) TOP LEFT, COLUMN ONE “Block Height” – nothing wrong here. This is simply the block count since the alleged Genesis block.
3.) COLUMN TWO: AGE – There is little deviation from 10 minute block times.
onecoin-monetaThis doesn’t make sense FOR TWO REASONS: a. There is zero “difficulty” within a closed loop system – REASON: a closed system does not “compete” with others. It is a self-satisfying reward EVERY TIME. b. If it were not a closed system than there WOULD be competition. As such, while the block times should AVERAGE 10 minutes, it is only an average. You would definitely see 3 minutes, as well as 15-20 minute block times occasionally because computers are literally “guessing” solutions, and USUALLY the amount of peta-hashes looking for such solutions would be similar to the amount of coin flips it would take to land on heads 10x in a row. After about ten minutes, one of the consecutive flips might do it. However, it is unlikely, but possible it could take 20 minutes or one minute. So, such little deviation is definitely “faked” and I have looked at MANY examples in the back office of block times and have never personally seen more than a minute of difference.
4.) COLUMN THREE: TRANSACTIONS – Just Lol for numerous reasons: a.) I have never seen more than one transaction posted here.
WHAT DOES THAT IMPLY? Well, as you know, there are an alleged 1.85MM people who have traded tokens for mining. The distribution of those tokens would come from the blockchain (unless they have created in Excel Spreadsheets [which they seem to be]). So, there should be NUMEROUS, MAYBE HUNDREDS of transactions per block!
b.) S-Systems (Onecoin’s fake auditor [similar to your fake exchange, xcoinx, and operated by Onecoin themselves] who has not published an audit for this “transparent” company since January) stated in their joke of an Audit (which has ZERO TECHNICAL DATA (- WHICH IS WHAT AN “AUDIT” IS!), which reads more like a Letter of Reccomendation to oneself, “There are no transactions not included in the Blockchain.” – well, as I just demonstrated, this is a lie AGAIN, FOR TWO REASONS:
#1 This is a “logical fallacy” because if a transaction occurred outside the blockchain, HOW WOULD THEY KNOW!?! ANSWER: THEY WOULDN’T.
and #2 if it were true, which it obviously is NOT, than transactions from each block solved would be registered in the blockchain as moving into your back office. Every time someone gets coins from mining they would be able to see the coin distribution from each block.
5.) COLUMN FOUR: TOTAL SENT – this is only “coins created” and it is called hyper-inflation. Other than that, nothing to point out here.
6.) COLUMN FIVE: SIZE (KB) – this is hilarious, also AGAIN, FOR A FEW REASONS! All sizes are shown as 188KB (although recently they show as 189KB).
#1 this indicates that there is only a single transaction as shown in column 3. However, the size of a single bitcoin transaction is about 1-2KB, so this makes no sense.
Furthermore, #2 if there were any “difficulty” in the mining process and if computers were batching transactions for coins created and distributed, than every single block would vary in KB greatly.
7.) BOTTOM LEFT: LATEST TRANSACTIONS – The PURPOSE of a “block explorer/ blockchain” is to be able to “FIND” transactions and transactional history. This is nothing “proprietary” that would need to be hidden. It simply does not exist with Onecon. You CANNOT “click” a transaction and find the history of it. Neither can you view any blocks or transactions over an hour and some change old.
THIS, AGAIN, PROVES THAT THIS IS NOT A BLOCKCHAIN. JUST NUMBERS ON A SCREEN TIED TO A “COUNTER” USED TO DECEIVE.
Furthermore, (technical) the alphanumeric hashes shown as “transactions” make no cryptographic sense! They are NOT math based in a cryptographic fashion, which could link any inputs and outputs together algorithmically. It is a complete farce!
If you can prove any information wrong on someone else’s blog, story, article, etc., I will personally tell them they are setting about x and why.
Guess what, lazy bones?
That’s going to be easier said than done! You OneCULT people are quick to say, “Bloggers lie! Don’t believe Bitcoiners, etc.” So, please name ONE instance where false information was published about OneCon (BTW: The false claims that OneCoin themselves have said dozens off times, myself and many others have already covered). Besides OneCoin, who else has lied about OneCoin???
Sounds legit! 120,000,000,000 coins worth $200 each with exactly 12 quintillion micro-units, ie., “Rujitas.” LMAO!!! That’s a cool $24,000,000,000,000 (TRILLION). Totally legit numbers and speculation, despite nearly a dozen criminal investigations and a quarter million or whatever queries (finds) attached to “SCAM” on Google.
Lol. Merchants will be jumping to pay €1,100 in order to “accept” OneCon as payment.
Do we live in an alternate universe here??? How spiked do they serve their punch, really!!! You can’t even make this shit up!!!
@Alan – why’d your buddy @Craig Scott delete all his comments?
Do you think he finally figured out that he is in fact a victim and that Ruja the #KleptoQueen has bamboozled and fleeced everyone?
Thanks man! But I don’t really feel anything for them. I’ve been talking to couple of Onecoiners personal and I don’t care if they loose their hard earned money. They’re old enough to to whatever they want with it. They won’t listen to common sense, believe everything because of group dynamics and don’t even stay the littlest bit sceptical to read a book about basic economic principals. What they don’t get is that there’s no difference in Crypto or Fiat currency in the basics.
But I enjoy trying to talk some sense into themselves.
So, too bad you scared Craig away.
But anyhows, love what you do. Keep it up! 🙂
Ruje?
Form day one (1.5 years ago) when I was introduced to OC, I thought this just looks like the those Matrix scrolls, only cheaper. This is just a semi professional way to make mining look better.
They have no idea how boring mining on a screen looks like…
There’s nothing really special about it.
Yawn…
I don’t even think it’s premined… they are not that smart.
Just a loop running every minute spitting out some random numbers.. Like the video. ;D
And then saving that number to a SQL database linked to some amount of coins for a random token miner…
Alan, if OneCULT is a”Technology and Software Company,” why did they even white label their Mobile App Builder from here:
http://www.siberiancms.com/app-builder-platform-edition/
So, MAB from ^^^there
And “blockchain technology” via shutterstock!!!! Bahahahahaha!
you are right
The fact that you don’t even know what mBTC transactions are, tells me that you have no idea how Crypto currencys work. You didn’t do your homework before investing in OC. OC is supposed to be the Bitcoin killer but how can you tell if you don’t know your competition.
And you don’t know what your own company is up to. The hacking challenge is about the OneCoinCloud. That overpriced onlinestorage.
So it’s useless to answer all your other nonsense arguments..
Oh, I don’t care if you guys make a lot or loose your hard earned money.
I’m just astonished that so many people out there take as a given what a company and Reps say and how they defend those misinterpretations, without researching what independent professionals say or read a book about the subject.
But I guess entrepreneurs nowadays don’t need to anymore.
You need to listen the entire video. not just a snippet. THe price is real and one can sell the coin so not quite sure what he is on about
Its just opinion. No facts found
OC is not meant to be the BTC killer at all. That is not the modus operandi. Your online professionals only have outside opinion. no facts. You did not interview anyone of the leadership or owner of Onecoin, but yet you still have opinion.
did you ask Dr Ruja?
but your stuff and all the other bloggers info is just speculative and opinion. There is no facts. You have not interviewed Ruja!
its all opinion. You have not contacted Oncecoin to clarify any of your assumptions or got clrity on their answers, have you?
Again more speculation and no fact!
No one is dumping coins as per your speculation.
Ruja did not step down. she has appointed a new CEO for the networking side of the business. She is still CEO of the company.
Any proof of your fake pregnancy there profit Tim?
Any proof of the collapse of onecoin?
No theft took place, the company folded. Again specualtive. no proof, just opinion
Unless we the people put a value on it. just like gold. we put a value on it.
more speculation. baseless assumptions
Oh boy, just go to a library and read some books about economy, economics, and currency. There you will find the facts learn the basics..
As I said I’m not your economics teacher..
@Alan, if you don’t believe me that bitcoins etc only ever exist in a blockchain and not in a wallet, perhaps you ought to ponder how it is possible to store bitcoins in a paper wallet. Once again, private keys are stored in wallets, not the coins themselves.
Then please explain how the value of a commodity can stay the same if it doubles instantly but the demand doesn’t double that same instant…
@Alan, above I have posted links to screen caps of documents sourced directly from the commercial registries of Gibraltar and Bulgaria. They show that OneCoin is just a bunch of shell companies. Please look for them and comment.
@Alan, why don’t you contact Ed Ludbrook to ask for clarification of his statements about OneCoin’s price?
I contacted Ruja #KleptoQueen Ignatova in March of this year for an interview. This was prior to my first investigative report released on June 29th, whic I told her I would be releasing and was giving her the opportunity to contribute to. She was unwilling to speak with me over email, computer (Skype, etc.) or phone.
Other than that, no. This is NOT opinion. It is technical analysis.
Additionally, we know have concrete evidence that “Dr.” ScRud’ja tried, ON-STAGE, in Bangkok, to pass off stock footage looped video from Shutterstock as their “Blockchain.”
So, please be clear. What part of this is opinion, because all of this is very much FACT.
Per my other comment, Ruja refused an interview with me.
Everything I have published is a fact.
If you disagree, I suggest you take advantage of the 100mBTC REWARD/ BOUNTY which has been offered since June to prove any of my allegations or evidence as false. Easy money by the way you make it sound, so go ahead and do it! Take my money please!
Otherwise, like everyone else who has failed to do so, specifically Ken Labine(!!!), admit that you can’t and admit that what I publish has been FACT!!!
I repeat: you stated my information was opinion. Don’t be so vague. Tell me what I have stated is opinion and I will back it up with proof or admit it is opinion. Ps. Ruja not being pregnant and just using that excuse as an “Exit Strategy” is an opinion. I admit when I make opinions. So, please accept and admit what I have proven as fact, or claim your 100mBTC reward for proving that I presented something as “fact” which isn’t.
What are you talking about when you say “it?”
As in “it” is just an opinion?
FACT: Sebastian Greenwood is a known scammer with previous scam involvement in Unaico, SiteTalk (yes, that has already failed at least twice), OPN, Prosper Club and BigCoin (with Ruja, herself), Loopium and other proven scams.
FACT: Ruja Ignatova plead guilty to and was convicted (along with her father, Plamen Ignatov) on 24 counts of FRAUD, including embezzling money from her own employees and suppliers (about $1MM), fraudulent accounting practices, bank fraud, theft, falsely bankrupting a company fraudulently for personal gain.
FACT: Ruja was the Treasurer for BigCoin and Prosper Club, another known and failed Ponzi scheme which cost investors in Singapore and Thailand over $50,000,000.
FACT: they got Ruja on the phone and she did not want, nor was she prepared to speak with them.
So, please! What part of this is opinion, because this here is all facts, and if you want me to provide you a dozen links to substantiate them, than someone pay me finally! I’m tired of doing free work for lazy people who don’t know how to do research, who act like I’m incompetent, who call me a “blogger” and PCP/ PPP or say that I’m a “bitcoin purist,” or whatever other bullshit.
I will provide you video and documents for whatever you want. Just specify what you are requesting and send 0.01BTC per document to:
19BzjB8oo5Ldn8FQZjD4YZFvTvyyH8T6FP
Ruja does not reply to my emails, FB messages/ calls, Skype or LinkedIn correspondance.
@Alan – there are several different videos of Ruja, Sebastian and Juha ALL stating, separately, that OneCoin was Ruja’s first introduction to MLM, yet CRIT, her company, was treasurer for BOTH BigCoin and Prosper Club scams.
Look up the two ponzi’s and tell me how being a ponzi that cost investors $50,000,000 is “speculation,” as you say?
Also, BigCoin slogan was: “The Future of Money”
What id’s Onecoin’s slogan again? Lol.
Of course you have a right to your “opinion.” you do not, however, have a right to make up or change FACTS
You still have yet to challenge one thing which I’ve published in my own investigations. Why is that?
So your last resort is to direct me to a library. The fact is all your banter is just opinion with no investigatory work done on your side. So thanks but I think we will continue on our journey as we are making money, drawing money and our coins are growing in value.
Becasue your investigations are based on your opinion and not fact. You did not interview Ruja or any top management in the company so there is no need to answer your “facts”
I am saying the speculative part is that they stole the money. What we do know as fact is that the company folded. as do 95% of all companies in their 1st year. There is no proof saying they stole the money. It does look bad yes but still no proof.
The company got in to cash flow issues, we do not know the inner workings of the demise so you can’t just speculate and spread rumours.
Then best you hop on a plane and go to head office so you can get clarity on your issues. Until then, until you have spoken to then your opinion is just that, an opinion
You call it scam. I call it failed companies. There is no proof that they were scams. Businesses fail. that is life. You do not know the inner workings of the demise.
You do not know that there is no blockchain. You may be proving that there is a loop of pictures etc. but that does not prove that the BC does not exist. it is just speculation.
I don’t need to as I am seeing the growth of my investment and I am happy.
Well I am earning quite well from my shell company. The greens are good.
Look. Sorry to break it to you. Here are the “partnerships” OneCon has merged databases with in order to inflate their numbers to their current member base of somewhere around 850,000 victims:
BigCoin
SiteTalk (already failed several times)
Unaico
OPN
Conligus
UniverTeam
BNG international
Bonofa
BNI (or BNA?)
…and most recently: WeShare
ALL OF THESE ARE FAILED (our successful, friending how you look at it) PONZI SCAMS.
Look then up! The leaders made $10MM’s while $100,000,000’s in losses to went to victims (like you)
Bonofa’s top 3 leaders are shown in handcuffs when you Google their $100MM scam! Similar stories with others, as you’ll see.
Sorry dude. OneCon paid for these databases in order to strike twice like an evil serpent.
IDIOT!!!!! MY INVESTIGATION WAS NOT BASED ON OPINION!!!! THEY’RE BASED ON FACT!! THAT’S WHAT AN “INVESTIGATION” IS!!! STATE EXACTLY WHAT WAS “OPINION!!!”
AND YES, I HAVE INTERVIEWED OR SPOKEN WITH A NUMBER OF TOP TEAM LEADERS AND TOP SCAMMERS!!! HOW DO YOU KNOW WHAT I HAVE AND HAVEN’T DONE!?
I HAVE SCREEN CAPTURES OF BLUE DIAMOND, MOHAMED ZAFAR, TRYING TO BRIBE ME OUTRIGHT! SAYING, “TIM, HOW MUCH YOU WANT?” AND TRYING TO PAY ME OFF TO STOP WRITING!!!!
WHAT MORE DO YOU WANT!?!?
OK on last try…
Why don’t you research about “milk overproduction” and I don’t mean hyperlactation.
Try to comprehend what’s happening and tell me again its all just opinion…
@Alan, the shell companies owned and operated by Ruja’s mother. Nothing strange about that, right? So, which company is Ruja the CEO of?
Where are those stolen Onecoins? Onelife in showing only 863540000 (~863 million coins) but there was mined a over billion coins at the Bankok event. Where are those coins now? Can you explain it? Those coins are stolen now and all members are ponzien.
When you create a business with the aim of make it fail with other peoples money (investors) is named FRAUD. So yes anyone who has a business designed to fail and make investors loose their investment is called FRAUD
That is your opinion that she started a business to defraud the public.
@Alan – It is actually a fact. Listen. Ruja, while she does NOT have a PhD (Oxford doesn’t even have a PhD program in Law, she may have a Magister Juris), it appears that she does have a law background. IF we are to believe her resume, half of which we know is NOT accurate, than we see that she allegedly has additional experience in banking (or working for some major banks).
Assuming the aforementioned, one can immediately infer that Ignatova would KNOW that a “Company” can never legally “print its own money.” Furthermore, assuming she still thought that she could somehow get away with doing so, she would know that there would be TONS of licensing and regulatory hoops to jump through in any and every jurisdiction wherein she planned on operating. She would KNOW that “One Limited” would be considered an MSB (Money Services Business) by very definition.
She would also KNOW without a doubt that the operation of exchanging “tokens” (ie., Ponzi Points) for coins (which are fake and have no blockchain) and assigning them to individuals (victims) would be defined as “Money Transmittal” (if it were real).
OneCULT/ OneLie Network is not licensed in a single country on earth. And it never could be. It never was designed to be.
Because it was designed for one thing and one thing only: To take advantage of people like you who think that a company who prints their own money is running a “legitimate gig.”
Good luck with that.
You have no idea about that, idiot!!!!
It’s easier to fool people than to convince them they’ve been fooled.
Have you thought of the possibility that the reason no one has been able to hack the “OneCoin Vault” might be because there actually is no vault? There is no evidence whatsoever that OneCoin actually has an operating blockchain. They claim they do but they say it is “closed” and they have presented no evidence it actually exists. Bitcoin on the other hand is open source and distributed. The market demand has driven Bitcoin to a very high price in large part based on the open source code, the publicly visible and distributed ledger and the limited supply. OneCoin appears to be nothing more than an MLM investment scheme and its currency has no value (at least not yet).
Ok, I’ve got some insights. She had a baby in October… I’m still unsure about Onecoin. A leader tried several time to get me in, but patience is key. I’m only trading coins!
Onecoin On exchange around March/ april 2018… Let see!!!
Onecoin 70bn mc / Bitcoin 20bn
Only IDIOTS (who have no knowledge of the concept of OneCoin) are panicking because soon their ship will sank….
Only IDIOTS (who have no knowledge of the concept of OneCoin) are panicking because soon their ship will sank….
When you CLICK Tim Tayshun #http://www.ezcoinaccess.com/ …??????
ODT & U.K. will begin collapsing this week. Pakistan next. OneCoin is on its death bed. Play stupid games, win stupid prizes.
Yeah right 😀
As long as you can’t exchange in any other currencys, there is no market capitalization….
Duh….
You are incorrect. WE have proven that you had no genesis blockchain. You people ran SQL servers for the majority of your ponzi scheme. Anyone who buys Onecoin is either a scammer themselves, or ignorant.
Don’t waste your energy trying to argue with these Onecoin spammers. They are all over the place. Their ticket will be called soon, and anyone involved with Onecoin will be marked or caught. I admire that you have taken the time to make this article and you have only stated facts. Onecoiners can’t disprove our accusations because they don’t have a leg to stand on. Soon, they won’t have a pot to piss in. They probably have never met their DR Ruja and yet they sell their souls to her. 100% FACT: Onecoin did not/does not have a blockchain and the sudo-exchange shows no proof of having one. I currently have a Onecoin account and there is no correlation between the transactions and the data on their server. It’s not a blockchain, it’s an SQL server that was used prior to blockchain tech. Anyone still promoting Onecoin are probably low level users who are invested in the project and haven’t been able to cashout.
Alan, I do hope that picture isn’t of you and your family. Because they will pay for your sins if you are really a Onecoin promoter. Do a little research and don’t invest blindly. Google isn’t the only source of information. It’s amazing you guys are still resilient when your dearest Dr Ruja jumped ship and now many are getting arrested. Have fun sleeping.
Your golden coin isn’t even considered a cryptocurrency. In fact, without a blockchain, you guys are SQL server operators and nothing more. Show us proof the chain exists, show us proof we can trade outside your self-appointed exchange, show us that the coin is legit……..oh you can’t? Or maybe you will just write some mumbo jumbo about zero investigation bla bla bla. I wonder how much “non-investigation” was done before they froze Onecoin’s german accounts, or even so when the undercover officers arrested the Onecoin promoters in India. lol no investigation my ass
Yea, and now the Bulgarian police are involved. Good for her. Also, BigJP is correct. Do a background search on Ruja. She’s been involved in plenty of MLM schemes along with the new CEO
You don’t have to go that far. You can run a simple background search on Ruja and the new CEO. You will get all the info you need from it. Both have been involved in proven MLM schemes. Ruja is also a convicted felon in Germany due to her involvement with other fraudulent schemes.