OneCoin recruitment gig in Australia disrupted (awkward)
On July 29th an optimistic Ed Ludbrook announced on Facebook:
Australia is launched! Perth rocked. Melbourne tomorrow, then Sydney, Gold Coast and Cairns!
See – OneLife-OneCoin Australia/New Zealand for booking.
Unfortunately for Ludbrook, his Melbourne event didn’t go quite as planned…
After stumbling for a few minutes on explaining blockchain technology trouble for Ludbrook began when a member of the audience questioned the value of OneCoin.
[0:47] Man: Can you mine anything with OneCoin?
Ludbrook: Uh at the moment, no because we’re still private.
Man: So it’s not a cryptocurrency yet.
Ludbrook: Well it’s an unused currency… so yeah, is that a currency?
Man: So the only value it has is what you say it has basically.
Ludbrook: Absolutely. As I said the internal price that we have is what it is. Make sense?
The man thanks Ludbrook for his time and then identifies himself as someone who “works in the bitcoin industry”. The man also claims to have “studied cryptocurrency for the last two years”.
The man then further pushes Ludbrook on the legitimacy of OneCoin as a cryptocurrency, at which point Ludbrook loses control of the event.
[1:35] Man: Bitcoin is the only proven cryptocurrency to date. All the rest of them are test beds of innovation.
To call OneCoin a cryptocurrency is not really true, and that’s because I understand how the technology works.
Ludbrook: But you’re making assump.. I don’t want to continue this conversation. I appreciate the speech.
Man: No, I appreciate your time.
Ludbrook: But, but… it’s… it’s… what you’re saying, you have your opinion…
Man: The fact is this is not cryptocurrency. This is a centralized Ponzi scheme.
If you look up the Daily Mirror…
Ludbrook: Mate, you think I don’t know that?
Man: I’m warning you because I don’t want to see people lose money investing in something that’s a scam. And this is a scam.
Ludbrook: Because.. No, no, because why?
Man: Check out Daily Mirror, OneCoin. Check it out, Google it, Daily Mirror, OneCoin…
*Ludbrook laughs again*
Ludbrook: He was there, he was there he’s from the UK man. You don’t know the full story.
Man: Ok cool. Just Google “Daily Mirror OneCoin”.
Ludbrook: You don’t know the full story. Aye, you trust The Mirror? You trust The Mirror?
Man: Well their journalism isn’t great, but in this instance they were actually very…
Ludbrook: You trust the Mirror?
Man: Yeah. This is not a cryptocurrency.
Man: This is a centralized… because…
Ludbrook: It’s a centralized mining pool.
Man: Well then it isn’t a cryptocurrency. You’re basing it on a centralized system… you’re basically making up numbers on a spreadsheet, saying they’re tokens.
You can do whatever you want with your blockchain, it’s not a blockchain.
You can’t retire a blockchain and start a new one.
Ludbrook: How do you know?
Man: Well because I understand how the technology works.
In response to other audience members attempting to join in the conversation over the past few minutes, the man then apologizes.
[3:08] Man: It’s OK, no problem. Listen I don’t mean to cause a scene, I’m sorry.
I run the Melbourne bitcoin technology center. We’re an actual registered not-for-profit working space…
You can get bitcoin for free, totally for free…
Ludbrook: Can I ask you a question?
Man: I’ve been doing workshops for the past 18 months…
Ludbrook: I know you’re making a speech to everyone. You do realize that you had the arrogance, the arrogance, to come in here and voice your opinion…
Man: Because when people lose all their money, it’s going to give cryptocurrency a bad name…
Ludbrook: What happens, aye aye aye…
Man: And this is not a cryptocurrency
Ludbrook: That’s your opinion mate.
Man: It’s not an opinion, it’s a fact.
Where is the whitepaper explaining how the cryptocurrency works?
Who are the software developers behind the system?
Ludbrook has no answers for the man (and the rest of the audience).
[4:00] Ludbrook: Why are you saying this man? Why are you saying this?
What give you the right…
Man: Because it’s a scam and people are going to lose all their money.
Ludbrook: No. How do you know?
What happens if you’re wrong? What will you give me if you’re wrong?
Another audience member: Ha ha ha, rubbish.
Ludbrook: What will you give me if you’re wrong?
Cause if you’re wrong, what you are doing is you are misleading everyone in the room.
Man: How about we get in touch with ASIC, the Australian Securities and Investment Commission?
We can get them down here and we can sort of go over the information you’re giving to people.
I’ve recorded you giving misinformation about blockchain and cryptocurrency. It’s been shared on social media already.
When all of this blows up, obviously people are going to lose a lot of money.
Ludbrook: Because… how do you know this? How do you know that?
Man: Like you said earlier on, Doctor Ruja Ignatova in Bulgaria… hang on a second, she’s in charge of this system.
Man: There’s no academic proof behind how this system works.
Cryptocurrencies have their value in cryptography, computer science…
Man: And the fact that they’re decentralized using computational codes. Trust the system, this…
Ludbrook: Can I ask you a question? Can I ask you a question?
Where does it say that a cryptocurrency has to be decentralized?
Man: Well how about you look it up on Wikipedia and you can learn a little bit about it.
I’ve said what I wanted to say, good luck to you and I hope you don’t invest in this.
Ludbrook stands gobsmacked in silence.
Awkward seconds pass, after which another audience member, a woman, asks “are you sure?”
[5:23] Man: Yeah. You can do your own research…
Ludbrook: No, no, no, no. It’s very important…
There’s about four different people talking at this point and the audience appears restless.
The man holding the camera speaks…
[5:28] The thing that concerns me, is you’ve said that the technology isn’t important in this presentation.
And you’ve also said that you don’t know all the technology.
Ludbrook: Of course I don’t.
Camera man: And it’s the technology that underpins the whole thing.
Ludbrook: Can I ask you a question?
Camera man: I think we’re probably done.
Ludbrook: Can I ask you a question?
Camera man: I don’t think there’s much more we can ans…
Ludbrook: No, it’s very important.
Camera man: Let’s talk about cryptography and all that kind of shit…
Ludbrook: I did not say the technology is not important. I said you don’t have the most… you don’t need… like most things, you don’t need the most advanced technology on the planet.
Camera man: But you couldn’t explain… you don’t know how it’s going to work.
When they create the new one (blockchain), there’s no documentation, no one’s going to know how this thing works.
It could just be that somebody in a spreadsheet is deciding stuff, and then the company goes bust in a years time…
Ludbrook: It could be…
Camera man: Well, yeah. And that’s the whole reason why cryptography is valuable. Because it’s trusted… and this isn’t trusted.
When this goes out in the open market, nobody’s going to buy it.
Ludbrook: How do you know?
Man: Because it’s not based on any … designs.
Ludbrook: How do you know?
Camera man: We don’t know, we don’t know. I think we should leave it like that.
If anyone’s having any questions, they can talk to him (the original man) about cryptography or whatever. I just think you should look into it, that’s all.
Ludbrook: You don’t know.
Camera man: No, I don’t know. I don’t know… I just think you should be informed, that’s all.
Man: Because nobody’s going to invest in a cryptocurrency that doesn’t have any verifiable academic research or development team behind it.
Camera Man: It won’t be trusted. That’s the thing.
Man: That’s the whole point of cryptocurrency, you don’t have to trust any one person.
You’re creating this centralized system where you’re just making up these tokens on a spreadsheet.
I’ve seen the dashboard, the back of house and your little mining graphic there and stuff.
I mean it’s just… if you understand how cryptography works and how cryptocurrency works, you will know this is a scam.
You can do your own research… and it’s really… it’s really not good what they’re doing.
Ludbrook: The only difference is you have every right to your opinion.
Man: But it’s an opinion based in fact, and you’re opinion…
Ludbrook: It’s not, dude…
Man: This is not cryptocurrency. It’s not cryptocurrency and you’re saying it is, but you don’t even understand how cryptocurrency works!
After an audience member declares they are confused, the two men leave and the video cuts out.
What should strike anyone about the conversation is the lack of answers Ludbrook had for the questions and accusations thrown at him.
All he could do was parrot “how do you know?” over and over again.
That’s not an answer, it’s a throwback question used to dodge giving an answer.
Strange behavior from a member of OneCoin’s corporate team (Ludbrook was appointed Chief Leading Officer of OneCoin back in March).
Video footage of Ludbrook’s Melbourne event reveals about ten people were in attendance.
Something tells me it probably didn’t go as well as he’d hoped…
I guess that’s what you get when you piss off an entire community that uses a cryptocurrency which can actually be used to buy things.
Screen Capture of Ed Ludbrook’s FB Page touting Ruja’s new 118,000EURO scam package with 14,000% ROI:
Hahahaha!!! (now showing it was removed from YouTube) 🙂
…and then, lo and behold, ANOTHER of Ludbroock’s posts leading to a now “dead” link!
Renee McCormick (a Onecoin Ponzi Pimptress whom I have confronted multiple times before she removed all comments and blocked me out of frustration) asking, “Where is the article??”
So, thank you for this, Oz, as it is an embarrassing 3 strikes for Ludbrook!
It’s very simple: your cryptocurrency is only as legitimate as your cryptographic algorithm. And anyone who knows the first thing about cryptography, and I do: I have a CS degree from a top ten program and took cryptography as an undergrad and use it daily, knows that there are very suspicious red flags with one coin.
In cryptography you have accepted truisms that include relying on the fewest possible secrets (eg: keys) and requiring the least possible trust outside of your algorithm.
It’s a bald face scam. And anyone at high levels in that company would almost certainly be aware of that.
I lost 10.000 euro. They are cheaters. I hate onecoin.
“Turn $170 into $6,800 without any work….” by Onecoin Team Leader (on FB)
Wonder how well that will work after October 1st?
This guy is walking a thin line from getting his account frozen doesn’t he know that?
I guess whatever it takes to get those nice commission bonuses coming in!
So does it still count when you “like” your own posts?
@Tim just an editorial note, try putting a description of what you’re linking to before the link.
this is great. kudos to these ‘disruptors’ for taking the time to attend the event, and for exposing onecoin and that bumbling idiot ed ludbrook.
in a training seminar in london around the time of the onecoin london event in june, 2016, ed ludbrook told his audience that there was no need to know about the ‘technological’ side of onecoin.
this was probably to discourage people from asking tough questions about onecoin. his attitude is really strange since onecoin is supposedly all about ‘cryptocurrency education’, and a great part of this education should be about what cryptocurrency is and how it works.
wonder what education ruja ignatova is providing in her expensive packages which do not even provide basic information about cryptocurrency!
so, will ed ludbrook have the guts to continue his tour of australia, now that the possible threat of the ASIC has been invoked?
i mean, is ludbrook SURE these disruptors have not mailed this video to the ASIC? should ludbrook take the risk of recruiting for onecoin in australia?
run ludbrook run, go home to mama.
ED LUDBROOK started a new Domain: onelifemastermind.com
It seems OneCoiners managed to get the Youtube video offline. Please put it online again.
ed ludbrook has decided to brazen it out, by posting this message on his FB page 20 hrs ago:
that’s okay, ed ludbrook, you can celebrate anything you like, but how come you haven’t posted any photos and updates about your australian tour, after you got ‘disrupted’ in melbourne?
after melbourne, you went [or were supposed to go] to Sydney, the Gold Coast and Cairns, but you haven’t shared any information or photos about those recruitment events on your FB page, as you usually do?
while outwardly ‘celebrating’ your ‘haters’, are you secretly running ‘scared’ ed ludbrook?
He also posted two other videos, titled “Ed Ludbrook explains Onecoin’s new amazing blockchain” and “Onecoins challenge with its internal price”
I fortunately downloaded all three.
The third one is the most interesting, because Ludbrook admits that the price of OneCoin is not credible:
No wonder they wanted these videos removed, lol.
Received this Message from Xxxxx today. Thought it was an interesting, albeit small piece of the bigger puzzle.
That one is still up, it’s laughable.
Ludbrook comes across as someone going thru the motions. If he really was an “investment banker”, then the Global Crash of 2007 becomes more understandable.
When he admits that the timing behind his scrawled mess of a white board presentation is purely dependent on Ignatova’s decision and then lapses into an uncomfortable pause, you almost feel him thinking “I wonder what’s for lunch”.
Video has been removed by user.
tom mcmurrain is a top onecoin recruiter from the US, where onecoin does not operate officially because they’re shit scared of US regulators.
after exposure on forums such as behindmlm, mcmurrain and several other US onecoiners stopped promoting onecoin openly on social media like facebook.
now it seems, mcmurrain is pissed with tim tayshun [bitcoin enthusiast who has been exposing onecoin as a fake cryptocurrency], and in his ‘rage’ is back to promoting oneoin openly under the garb of his ‘new currency university’.
mcmurrain has spent 63 months in federal prison for a ponzi scheme in his past. he ran away to panama from where he was extradited back to the US and thrown in prison. in his own words prison apparently taught him a lot and changed him:
now, why would a ‘better more principle centered man’ join and promote a ponzi/pyramid scam like onecoin which is operating Illegally in the US?
mcmurrain claims he read 400 books in prison. did he bother to read up on what constitutes ponzi/pyramid fraud for which he was in jail?
it does not take a great deal of time or intelligence to understand ponzi/pyramid schemes.
instead of raging against tayshun and other ‘haters’, mcmurrain should introspect and realize for himself that he learned nothing at all from his time in prison, as he is back to his scammy cheating ways.
this time around he wont get away with 63 months in prison, and he’s either very brave or very stupid to risk his freedom for a few bucks.
so, ludbrook has risen to the challenge and posted photos and updates of his completed australian tour:
good job ludbrook, continue to incriminate yourself man!
here’s a new challenge! take your Rocket Ship to the US! let’s see you make a Full Momentum launch there! since your’e so damn sure onecoin is fully legit, i expect you to rise to this challenge too.
@anjali – I contacted Grant Cardone TV in hopes of discussing the evidence proving Onecoin to be an obvious Ponzi Scam and the fact that such affiliation would reflect poorly on Cardone’s network and himself.
Anyone may do the same, as follows, as this is public information:
Attn. Mr. Grant Cardone
VIP Executive Assistant (to Grant Cardone)
Cardone Training Technologies, Inc.
300 71st Street, Suite 620
Miami Beach, FL 33141 (map)
(Ozedit: email removed)
Tom McMurrain, who hosts a show on the network, “The Coin Profit,” grantcardonetv.com/thecoinprofit/ is utilizing the power of the media and the nascent field of cryptocurrency to mix in SOME truths about the technology along with his blatant push to grow his own OC network.
McMurrain is no dummy and HAS been actually studying cryptocurrency for a bit now, and understands the basics of blockchain technology even. THEREFORE, there can be NO DOUBT that he absolutely recognizes OC for the scam it is.
THIS is exactly why he is so dangerous. People believe him!
I believe his “strategy” is to promote “cryptocurrency” overall, and to plead ignorance to the product he is most pushing, when it comes to Onecoin. After all, as far as he “knew,” Onecoin was just another of many cc’s.
When I spoke with Tom, personally, back in March, he acknowledged the points I made to be valid questions. Many points are covered, herein in these threads, but one that stands out is bitcoin’s and Onecoin’s (alleged) divisibility (to 1/100mmth) and the lack of need for billions of coins when a soft-fork/ consensus could move that decimal 1 place to the right (or more) without devaluing the currency/ shares.
He stated that he believed I had many valid questions, which he was looking forward to addressing in London, to Ruja directly.
It was not until he returned from London AND BLOCKED ME on every social media channel (for which I was very anxious to follow-up with him about) that I began exposing him further.
On NUMEROUS occasions I had requested he either call me or Skype me to follow-up, but he refused. Meanwhile, as demonstrated in THIS video:
…he opens the video claiming that “This Event ‘way exceeded’ my expectations (and that) ‘Doctor'(sic) Ruja delivered on EVERYTHING…”
He goes on to state that, “after hearing Dr. Ruja speak, I have conviction that this woman knows what she is doing…”
The laughable economic magic which she introduced via “doubling tokens/coins” while in the same breath diluting the (alleged) currency by 57x without affecting price, would be enough for McMurrain, if he were now an honest man, to recognize this catastrophe, immediately.
THIS, and the fact that McMurrain was unwilling to follow-up, was what lead to my own conviction of his culpability in perpetuating the scam, and which was later reflected in my comments on his videos, and elsewhere.
…and, anjali is right! He did not like that one bit, and here is what he broadcast to the rest of the Onecoin Cult Family: pinterest.com/pin/184506915963545234/
That was in regards to this letter to Cardone TV: pinterest.com/pin/184506915963545594/
In another Ed Ludbrook video the day after the London Event: youtube.com/watch?v=mCXdQVyAcCU
…After 40:50 he hints that the idea of the new blockchain was his. “I remember sitting with Dr. Ruja a few months ago:
CREDIT TO: Ari Widell (it is worth seeing more below).
So, add this to the info we know from Ed’s other video, and what we see is that rather than utilizing the (alleged) cryptocurrency’s divisibility, Ruja has pretty much given away nearly all previous coins, nearing the 2.1 billion count! So, they were in a Catch-22!
NOW, since Onecoin’s OLD “finite” AND “FIXED” blockchain was a failure, by their own account, why not RELEASE IT so the public can use the block-explorer to search all transactions?
1.) Because it doesn’t exist
2.) Because if it did, we would see that all ownership is in Ruja’s hands, exclusively
3.) Because if it did, we would see that Ruja can issue coins to ANYONE SHE WANTS, ANYTIME SHE WANTS, as “bargaining chips.”
There should be a campaign for Onecoin to release access to this to prove it is not vapor-ware, and so the public (or at least members) can track transactions going back to the Genesis Block.
…unfortunately, that will NEVER happen.
I am from Panama and an onecoiner have reached me. I almost joined them but It seems there are many red flags.
I think most people who joined them are people like me who does not know much about cryptocurrency and want invest in it. The system they show makes people think that mining is very simple, that it is about clicking here and there and suddenly magic happens.
Very clever from their part. The less complicated it is, the easier is to lure people in.
Can someone upload the video again where Ed Ludbrook is confronted? Thanks in advance.
I am with them and I am very happy. It is learning pacakages and you get rewarded with tokens which then turn to coins.
It is a work in progress. I am very happy.
Still very happy 2 years later Michelle?
Michelle Levick still believes in the incredible wealth of OneCoin. Six months ago she wrote:
Her facebook account: NOLINK://facebook.com/michelle.s.levick
In Germany there is a saying: “Every morning a fool wakes up.” 😀