OneCoin’s China UnionPay cards disabled, public exchange denied
Back in May OneCoin announced they were rolling out UnionPay branded cards for their Chinese investors.
Such was the misleading marketing around the cards, that UnionPay had to issue formal clarification that the cards could not be used to conduct transactions in OneCoin.
The UnionPay cards were dummy cards that OneCoin affiliates could load up with approved withdrawal requests and then spend within China.
Despite the arrest of OneCoin affiliates in China, seizure of million of dollars and regulatory confirmation that OneCoin is illegal in China, UnionPay have continued to turn a blind eye to OneCoin’s use of the cards for money laundering.
That might have now changed, following an announcement that OneCoin’s UnionPay cards have been disabled.
Whether OneCoin or UnionPay disabled the cards is unclear.
As per a message in the OneCoin backoffice;
Please be informed that the new UPI card activation, UPI card loading and UPI cards shipping are temporarily unavailable.
Soon we will give more information!
We apologize for the inconvenience and thank you for your patience!
If UnionPay disabled the cards, it is almost certainly related to ongoing regulatory investigations in China.
If OneCoin disabled the cards, it could be due to the company’s current banking crisis.
Earlier this week OneCoin lost their long-standing Bank of Africa account. Following over a dozen bank account closures in the past year or so, the Bank of Africa was OneCoin’s last-standing account.
Losing the Bank of Africa account has meant OneCoin cannot accept investment by bank wire. Bank wire is is believed to have been the primary method of deposit by OneCoin affiliates.
Top OneCoin investors had been telling their downlines to expect an update by the end of the week, but as of yet nothing has materialized.
Without bank accounts, OneCoin might not be able to transfer funds to the UnionPay cards, rendering them useless.
Meanwhile on the OneCoin Facebook pages, affiliate complaints regarding rejected and perpetually pending withdrawal requests appear as fast as the company can delete them.
OneCoin management routinely tout China as OneCoin’s biggest and most important market, so a problem with withdrawal payments in the region is significant.
Alexa currently rank China as the largest source of traffic to the OneLife website and third largest to the OneCoin website.
In related OneCoin news, OneCoin continues to be rejected outside of the income opportunity hype bubble.
RevEX is an upcoming cryptocurrency review and public exchange site.
Our goal is to help people make their decisions on where to trade and which cryptocurrencies to buy and sell by reading and writing reviews based on personal user experience with coins and exchanges.
Also, with REVEX we want to bring new users into the cryptocurrency world and help them decide on where and into which cryptocurrency to invest.
The site recently held a public vote on cryptocurrencies and exchanges its users wish to see reviewed and featured.
Both OneCoin and xCoinx (OneCoin’s internal exchange) topped the voting list, with thousands of likely manipulated votes from OneCoin affiliates.
In response to the poll results, RevEX announced a finalized list of ten exchanges and fifteen cryptocurrencies that will feature on the site.
OneCoin and xCoinx have been scrubbed from the results, with a message explaining:
OneCoin & xCoinx won’t be listed on RevEX – We only support real and transparent cryptocurrencies and exchanges!
Stay tuned for an update on OneCoin’s banking crisis and ongoing payment problems…
Is this game over for OC?
Onecoiners react to the recent news
Where some people see problems successful people see only opportunities and this is a wonderful one for OneCoin.
They can announce that from now on all affiliate sales commissions will no longer be paid in fiat currency which only loses worth but rather in the one currency that always and only appreciates in value, OneCoin.
And because the coins OneCoin pays their affiliates with will see such a reliable increase, not only in worth but also utility they can spin this as giving everyone a “raise” in pay.
All the big hitters, from Juha Parhiala to the Steinkellers all the way down to Ken Labine will tell everyone how THRILLED they would be with such a development, at least until they go find some other fiat currency transfer scheme to promote.
Here is a letter received in the mail in U.K. From London Police
Not sure how widespread or targeted this was. It appears to have been received by someone in SCoin, I believe.
More Ken Labine’s claims refuted:
Labine has claimed that Xcoinx is a public exchange, and not owned by OneCoin. Both claims are false.
Here are Labine’s false claims:
– Labine says Xcoinx is not owned by OneCoin
– Labine says Xcoinx is a public exchange
A german top Onecoin leader Florian Andris verifies in the video below that Xcoinx is owned by OneCoin.
OneCoin owns Xcoinx
This is another example how the leaders of OneCoin (like Ken Labine) don’t even know the basic things what is happening in their scam company.
It’s obvious…. Every time they change bank the volume has become less … draining the fortune by every change…
make no mistake……they certainly do know. that’s why they are lying scammers.
this is a conversation on muhammad zafar’s FB page last evening:
also, through all the problems in onecoin, from no payouts at the exchange to banks shutting down accounts, there is not a squeak from the new CEO pablo munoz.
one of the last few weekly corporate webinars mentioned he was in hongkong working with the hongkong onecoin head fernando rhys – but with anything related to onecoin, only seeing is believing!
looks like revex mailed all the voters of onecoin and xcoinx some information about how scammy they are:
aw, so someone is setting up revex just to dis onecoin and xcoinx?
So, just wanna pop in and thank you all for the work you put in, i’ve been watching this scam for quite a while.
Anyhow, after this news broke i had a look around at various onecoin facebook groups and found this (new and weird) payment method, yes its connected directly to One life/onecoin.
moonlearning.com/pay/ someone with a litle more knowhow should dig Into it.
this is the full explanation from revex about why they wont be listing onecoin/xcoinx:
As post above by Dummis….appears directly related to Onecoin.
When this SCAM is going to STOP?
Took YEARS for authorities to stop Zeek, and decades for Madoff’s ponzi. International ones are even worse.
There will be a REPORT that comes out in the next few days which is SO DAMAGING that it will go ABSOLUTELY BONKERS VIRAL!
We can thank EVERYONE here and abroad for this coming REPORT, however, NO ONE’S Individual names or affiliations are tied to it. It is coming from a TRUE THIRD PARTY which NONE OF US are either directly attached to, or not directly attached to.
This is NOT some “Angelina Lazar” like “update/ INVESTIGATIVE REPORT.”
It will be the TOTALITY of everything Oz and EVERYONE, both here and abroad have contributed to on the subject. IT WILL BE THE “DEATH KNOLL.”
Our Mission, if we are to accept it, will be to make the REPORT go “viral.”
I’m talking PUSHING IT to both Mainstream Media AND Authorities.
The TOTALITY of what I predict will come out in the coming days (2 weeks MAX) is the culmination of dozens, MAYBE HUNDREDS of hard-core journalists,dependent investigators (both known and unknown), and absolute DAMNING PROOF of what so many of us have contributed to evidencing.
Oz and BMLM were on this case SOOOO early on! There were MANY predecessors who built the foundations and SOURCE MATERIAL for what I believe is coming out sooooon (no pun intended).
There is NO SINGLE HERO in this fight, but MANY HEROES who have fought against this EVIL and have contributed significant pieces to this puzzle.
IT IS NOT OVER JUST YET, BUT THE COLLAPSE WILL BE “OBVIOUS” WITHIN A FEW DAYS OR MAXIMUM TWO WEEKS (IMHO)
ANYONE HERE who has been “gathering” information: NAMES, CONTACT INFO OF SCAMMERS, screen shots, hypothesis, facts, data, web links (imgur, Pinterest, personal files, personal downloads, documents, “inside information,” etc….) PLEASE begin to ORGANIZE (label, time stamp, etc.) and begin to have this information or data which you [or friends] have contributed….)… And make it “handy.”
IF THE GOAL IS TO STOP THIS “TREND,” than begin to “organize” those files….
…because ….#WinterIsComing and #BankAccountsHaveFrozen
All I want to say is THIS: if we can figure out how to CUMULATE the information that many of us have (of course, MUCH of it has already been shared within the threads of BMLM [thank you Oz for the invaluable and unprecedented attention and tireless reporting on this and so many other schemes] , than THIS INFORMATION OF OURS can be “DUMPED” very SOON into the information bins of those who can use it BEST
Myself and others (many) have been accumulating the “Hall of Shame.”
@Anjali & K. Chang have probably MUCH DEEPER “files” on “Criminal Culprits,” such as Tom McMurrain.
Myself and others have DEEP FILES on Ken Labine, Joby Boughey, and the other MOST PROMINENT SCAMMERS in this organization.
If YOU READING THIS can begin to (or can culminate) the “files” YOU have on others (Kevin Foster, Carl Wilt, Richard Marks, Juha Parhiala, Tommi V, Pehr Karlson, Sebastian, Igor & his hot scammer wife, Labine, Boughey, Lulian Cimbala, Mohammed Zafar, Depisch, Kari Wahlroos, the Steinkellers, Christian Goeble, PLEASE FEEL FREE TO ADD ALL NAMES KNOWN!!!
…. Than lets BEGIN getting ANYTHING AND EVERYTHING TOGETHER HERE, as it WILL become very handy in the COMING DAYS AND SHORT WEEKS!!!
the “BitcoinKiller” is going to face a #StarkTruth
If the authorities are going to act, they had better do it soon, as they are sneaking out the back door and will be gone before Christmas, if not sooner.
The believer’s are starting to drop like flies, and it won’t be long until they can’t recover. Toss in people wanting money for Christmas, and this is toast.
This is almost the last ( internal ) way to wire money to these crooks but read their Terms and condition!
(you are not allowed to mention “One Coin, Bit Coin, Digital, Crypto, Currency , Investment”
but please wire your sweet money – lol we give you worthless Tokens!!!)
regarding “a letter received in the mail in U.K. From London Police”
This letter seems to have been dated 15th of october. Is this right, or have they by mistake put october instead of november?
For the one who put this in facebook have put it on 16th of november (or at least commented about it), which would make it day later had there been error in month.
And if it have arrived on october and many letters like that have been sent, then it is strange how we havent heard about it before, for its over a month old now already.
According to a post in MuroBBS, US2moon money goes to:
New promotions..Blue Diamond Mr Faz Chawdhury
Zafar now has
1 blue diamond
and all are as crazy as he is.. Stop this crap….
Just adding a datapoint to the US2Moon angle, the name Herve Lacorne and his Trade Solutions Group, they are the registered contact for us2moon dot com.
Here is a video of Mr. Lacorne being interviewed last year in Singapore by none other than Chris Principe:
I am still unsure what to make of this other than the fact that it’s tied in, as WhistleBlowerFin pointed out, to an address with multiple MSBs registered to it and at least one of which has provided sorta white label serves to the failed ponzi scheme Integrity Assets Group.
It would seem that moonlearning and menulearning are using the same simple template, both created in the last month.
I would say these are new “distributor” sites.
@GlimDropper – interesting and makes perfect sense. Chris Principe ala “Financial IT” connections are the only MSB (Money Services Business) connections left. And they may be pretty vast. Probably why he was bribed handsomely to join.
But it’s gotta make you wonder. If Principe IS actually willfully facilitating perpetuation of fraud like this through his questionable banking networks, it’s like playing that basketball time skill game at the arcade to see how many hops you can get as the clock runs down, but instead of “points” it’s as if he’s shooting for additional months in prison with every throw. Lol
@From Finland – RE: “From London Police”
I was thinking the same thing, but I don’t have an answer.
Re Lacorne: he appears to be your common or garden sleazebag pictured here with unPrincipe on a booze cruise to “Liberland” (a wannabe libertarian scam haven in the Balkans)
and deeply involved in a Cambodian scam which has seen prison time handed down to an ex UN Ambassador and posthumously to a suicided NY Assemblyman.
People are naive and greedy.
I just ran thru the moonlearning purchase process.
Firstly another disclaimer mentioning Onecoin directly for the first time
and secondly, my wire transfer goes to ANZ Bank, Australia
to a company (real) of Forex Brokers, Compass Global Holdings, an ideal launderer.
The beneficiary account ending in GBP00001 indicates I will be the first depositor from the UK.
What is this whole Moonlearning thing aiming at? Spreading the money flow to a dozen separate bank accounts to keep those accounts below radar?
Wouldn’t this whole masterminded plan be ruined if somebody just fills in the form as many times as needed to get full list of bank accounts…
…and then wires £1 to each account with message “Onelife OneCoin Digital CryptoCurrency Investment Education Course” as description of the payment?
Unless they take the bank account info off from public web, those bank accounts are going to get frozen eventually, IMHO.
Very nice work tmfp, I wonder if COMPASS GLOBAL HOLDINGS PTY LTD, Australian Financial Services Licensee number 426810, is aware that their services are being used to route money to OneCoin in contravention of what looks very much like an international banking boycott.
And if they are, are the Australian Financial Services aware of it? Hmmm.
In addition to Herve Lacorne running Trade Solutions Group Inc., which offers a number of alternative financial services he is also a contributor to Chris Principe’s Financial IT magazine. Principe’s LinkedIn page lists his employment at Trade Solutions Group since 2014.
Now, websites registered to Mr. Lacorne are using alternative financial methods to funnel money to OneCoin.
I had previously looked at Mr. Principe’s involvement with OneCoin as an almost Ted Nuyten like shill. But the new information paints him and Mr. Lacorne in a far more facilitator type role. Finding banks for the unbankable. I can’t imagine that is a service one provides cheap.
Has anyone informed that bank yet?
I don’t think inviting the random public to spam Australian members of parliament is a good idea.
The moonlearning option has been available for at least 2 months.
I know we’ve touched on it at least once here at behindmlm.com/companies/onecoin/onecoin-serve-cease-and-desist-to-journalist-over-ponzi-claims/#comment-368290
Damn it’s hard to keep up with all this crap.
Someone in EU emailed me last week concerning the moonlearning website.
It was marketed in the US as a way to participate in OneCoin. When OneCoin lost its banking the Moonlearning website method stopped working.
No idea if it’s working now. Sounds like they’ve hitched it up to a new ANZ account in Australia?
Reverse IP, dns lookups:
All sites are moonlearning clones, same templates, same everything. .
us2moon.com registered to herve lacorne / Trade solutions group
And a bonus(?):
papa1coin.com registered to herve lacorne / Trade solutions group
This litle research took me 10min, i bet there are more of these templates out there. This is what is being being pushed by the remaining onecult recruiters.
Wow i couldnt stop and found these sites also.. They seem to belong to different upplines (seeing how they accept different currencys)
jpy.jp2one.com registered by herve lacorne (Japan)
kgstrade.com/pay/ (United kingdom,USA,Australia,Japan)
tridentsiam.com/pay/ (USA/Australia/United kingdom/Europe/Canada/Vietnam/Nigeria/israel/japan)
Oh well, theres more.. but im too tierd lol
papa1coin.com belongs to juha parhiala, the highest earner in onecoin and the site is marked ‘coming soon’.
we have heard rumors that to circumvent the problems onecoin has with banks, some top distributors will collect funds locally and route it to onecoin central accounts.
maybe this money transfer system set up by herve lacorne is going to be used for that?
i think this may have started as a payments solution for US onecoin investors, and other top affiliates worldwide started using it due to onecoin bank accounts being shut down one after the other with funds probably getting frozen in those accounts?
recently onecoin affiliates like joby boughey and others were crowing about how they had instantly transferred money internationally by a new method better than bitcoin.
the website moonlearning.com has contact email for a email@example.com. this site virchex.com is currently under ‘revision’ but appears to be an MSB offering:
an about-the-program page [ virchex.com/about-the-program/] from verchex.com says:
was boughey talking about verichex? could this be the payment solution that onecoin is planning to use?
verichex was created only recently on 09-sep-2016 :
is verichex being set up by lacorne as a payment processor for onecoin which has already been ‘tested’ by affiliates like boughey etc?
FYI Moonlearning has been receiving money from day one,
it was never ever closed,
my team has put thru millions.
(There are other ways we transfer which i notice you are not aware of) The fees is slightly higher but it goes through faster.
@Aussie – So spill it! If you have been following these threads and comments for any time recently, you may be beginning to understand how articles and information are sourced here and accurate and well referenced News pieces are finally put out.
While Oz certainly does A LOT of his own investigation, as you can see, this thread alone demonstrates how such stories and sub-stories often break.
Following the initial report Oz puts out on the Who, What, When, Why & How on the binary side of the MLM company, follow-ups and new revelations are quite regularly CROWD-SOURCED. Additionally, without being able to point to SPECIFIC DOCUMENTABLE EVIDENCE, there would be no story. Ever.
And if you have been following recently, you know that the articles are based on solid FACTS.
Considering that, We urge you to continue going back in history on this site in regards to the Onecoin subject. You (and any other Onecoin members reading this) might be surprised at the astonishing accuracy of the topics and sub-topics written!
Whether you make it that far back or not, one thing should become extremely clear: Onecoin requires constant new infusion of new recruit money to pay off existing investors and perpetuate the game.
And they have used NUMEROUS deceptive and fraudulent practices to do so: shell companies, false media, zero transparency, criminal or Ponzi history and players, bald-faced lies, collapsed Ponzi Partnership acquisitions, denial of economic axioms, further moving the goal posts, common delay tactics and down-times, the infamous “coming soooon” claims, Money Laundering …..ad nauseum; to do so. In other words, you should KNOW beyond a shadow of a doubt by now that this company does not operate like legitimate companies. As such, either collapse or prosecution is undeniably eminent.
So, help us out would yah? Elaboration of these claims, even anonymously, would go a long way to saving a few more victims from massive financial losses. Thank you.
@LB – your emails are bouncing back. Send new contact pls.
@ anjali, let’s just settle on the single spelling “virchex” eh? 😉
The rather amusing irony here is that Virchex is itself an MLM “opportunity” (maybe worthy of an Oz article in itself?).
It is marketed, rather hastily and incompletely by the looks of it, by ‘OLE123’ (aka Jonathan Sarmiento aka Jbsfiore) using Sebastian Greenwood’s favorite catchphrase “Sponsor two people and teach them to sponsor two people”.
If you drill down thru it you very quickly arrive at Genie Gateway, sleaze, Las Vegas and odious sounding people like Skala and Scamman (sic) etc. with which I am disinclined to spoil my Sunday by looking any deeper.
More from anonymous this morning:
Seems like there are more than one site that is selling those packages i previously posted you. And the money is transferring through decoy companies.
Here is five of them. All seems to be in Australia and these are taken from kgstrade.com site:
Beneficiary Bank: WELLS FARGO BANK, N.A., 420 Montgomery, San Francisco, CA 94104 USA
Beneficiary: RossCo., LLC, Union Bank Building, 17800 Castleton Street Suite 580, City of Industry, CA 91748-8603 USA
Account name: Compass Global Holdings Client Account, Macquarie Bank Limited, Level 5, 1 Martin Place, Sydney, NSW 2000
Beneficiary address: Suite 33, Level 3, 650 George Street, World Square, Sydney, NSW 2000 Australia
Beneficiary Bank: ANZ Bank, Melbourne, Australia
Beneficiary: Compass Global Holdings, Suite 33, 650 George St, Sydney NSW 2000, Australia
Intermediary Bank: Royal Bank of Canada, Toronto
Beneficiary Bank: ANZ Bank, Melbourne
Beneficiary: Compass Global Holdings, Suite 33, 650 George St, Sydney NSW 2000
Intermediary Bank: Mizuho Corporate Bank, Tokyo
Those accounts are related to the website:
TT Note: I’m not even sure what all this means if someone wants to make better sense of it?
….and there is more of them!
Packages are also on sale in tridentsiam.com
(us.tridentsiam.com, eu.tridentsiam.com, uk.tridentsiam.com)
but those accounts seems to be same as in kgstrade.com.
Posting the sites i found again, all these sells onecoin packages. Like tim said, someone should try to make some sense of it. My Take is that it belongs to different uplines.
kgstrade.com/pay/ (United kingdom,USA,Australia,Japan)
tridentsiam.com/pay/ (USA/Australia/United kingdom/Europe/Canada/Vietnam/Nigeria/israel/japan)
This is what I’m thinking.
Not so much random affiliates now as they are insiders and accomplices in financial fraud.
I’ll get back to you with another address in a bit.
Exactly. What we are seeing here is another fine example of what we were just recently hearing about in the claims denials of WCM777. Uplines and other wonderful individuals are soaking in the cash of victims in the name of the scam, who will disappear once regulators shut it down.
Hopefully there won’t be too many more people falling into the OneCoin hole at this point.
Just curious, do you think this virchex garbage could somehow be tied into GenieCashbox?
yes virchex is connected to moonlearning.com. virchex is also connected to genie cashbox which uses the genie gateway for processing payments.
genie gateway is registered with the SEC but hasn’t filed/is late to file it’s 10-Q’s, so i’m not sure if it’s still active.
genie gateway is owned by skala, newgreen and scamman. it’s all a complicated web but i think these companies are tied in to onecoin money laundering.
virchex, Virchex, VIRCHEX …got it!!!
how is it that onelife is a ponzi scam, again? onelife doesn’t buy tokens? members don’t buy tokens from other members? onecoins can’t be sold to the public?
where is the promise of coin profit from onelife? i’m thinking about joining so i’m asking.
Anyone got access to OneCoin back-end? Newsletter out with this info about payments:
Yeah, but there’s no new information. Bank Wire is not possible.
I’m aware of that. I want to know what kind of info they give in the backend. Have you seen it yet?
Oz might delete this post but i put out the OL Newsletter here:
Nothing in the backend on this indeed, I have checked all menu items. It is not clear which “upline” must be contacted either, but we’ll find out soon.
OneCoin is removing the negative comments regularly from their FB pages, so again, a screenshot from today couple of hours ago.
do you have any proof onelife is a ponzi scam? or, are you all in some kind of mystical bubble? i’m not joining if there’s proof?
It appears to be random, the deleting. This Onecoin thread, started 18th Nov 14.00, is definitely NON compliant 🙂
The business model.
You invest $ in OneCoin, OneCoin give you points (OneCoins) which they assign an arbitrary value to.
That value goes up by way of nothing more than OneCoin increasing the value of your points on their end (your ROI).
If you manage to get a withdrawal request through (pretty much impossible at this point), OneCoin pay you with subsequently invested funds.
There’s the Ponzi scheme.
They use newly invested funds to pay off existing investors.
OneCoin set the value of the OneCoin Ponzi points, which they (are supposed to) pay a ROI on.
All funds are deposited with and paid out by OneCoin, making it a Ponzi scheme (using newly invested funds to pay off existing investors).
Yeah, well now I have seen that Onecoiners simply say that you should wait until 2018 when OneCoin becomes public.
Then, according to Onecoiners you are able to sell. For some reason they think, or want to imply, that there would be a huge public demand for the coin. Until the 2018, you are just suppose to invest and watch the coin value increase.
With the current speed the coins are created and even with the current 6.95€ price, the fake market-cap will be over 300 billion after 18 months. It increases about 15.2 billion euros per month and is at the moment about 39 billion euros.
I suspect OneCoin doesn’t want to show these numbers publicly at their website anymore, because it would seem too crazy especially in the eyes of government officials and authorities.
However you can count approximately the current coin count and fake market-cap by checking which block number is going in their fake blockchain. In every block in every minute, 50 000 new coins are shown to be created. Currently we are in a block about 72252 (increasing every minute).
So we can get the coin count by doing 72252 *50 000= 3.612 billion coins. But we have to add to that the coins Ruja created in the Genesis block in Bangkok, which was 1.986 billion coins. So we get total of about 5.6 billion coins at the moment.
The fake market-cap being at the moment about 39 billion euros.
Onecoin leaders talk about being a multi-trillion dollar company in 3 years, bigger than Apple, Walmart, Alibaba… 😀
OneCoin – “way bigger than Apple, Alibaba, Walmart”
Why would the public at large buy into over-inflated Ponzi points without the attached income opportunity?
Their answer is: “Because our system is so unique, never done before”, or something similar network marketing BS.
Anyway, I found more data which implies the OneCoin blockchain is fake.
I’m analyzing the average transaction count between Sunday and Monday evening. On Monday the average transaction count should be clearly bigger. However it’s not the case.
2 hours and 120 block average taken from Sunday and Monday, shows that Sunday has more average transactions 9.9 vs 9.5, which doesn’t make any sense, because Xcoinx is closed on Sunday, and there should be clearly more coin transactions between users during the weekdays when Xcoinx is open.
I’ll increase the sample size to at least 12 hours just to be sure, but it looks clearly that the transactions are fake, and most likely there is no blockchain at all as many have suspected.
the process of paying for onecoin packages via moonlearning appears to be a cumbersome one which can take a few days.
FB, nov 18th:
so i guess investors will be wiring money to different banks according to the country they live in, and this will dilute onecoin’s money laundering footprint.
it seems this method was always in use by top distributors but will now be used more widely as onecoin does not have any banking facilities anymore.
The following Italy based website seems to be set up both to expose OneCoin (and the CoinSpace) scams, interestingly; as well as to help, data mine and provide some assistance to the victims.
Positive rumour about the site suggests that it is a loose collective of tech geeks and so-called “white hats” who are providing data information anonymously (or pseudonymously) to various Law Enforcement/ Authorities, and as yet undetermined support groups.
i don’t understand how what you say is possible with a ponzi. if the ponzi points increase, doesnt that make the onecoin worth less to almost nothing?
so like if i give you one euro and you give me a ponzi point. later you give me two. then four. then eight. when you double my ponzi points, you divide your one euro to halves?
when you quadruple my ponzi points, you divide your one euro to quarters? when you octuple my ponzi points, you divide your one euro farther? you lose and i win no?
seeing as you gave me greater power to buy stuff with my ponzi points per euro? i guess i dont get it how a ponzi works.
i dont know but it seems like onecoin is part of the losing side, no?
No, because that requires the value of OneCoins to be pegged to public supply supply and demand.
OneCoin just make up the price. That’s not a metaphor, that’s literally what the company does.
When you’re supplying OneCoin affiliates with imaginary Ponzi points that have a made-up value, you can pretty much do what you want.
Great math WBF.
To put it another way, just accepting for the moment that the OC blockchain is real, the block reward is 50,000*6.95 = 347,500 euros to process 10 transactions.
QED, each transaction costs the system 34,750 euros to process. lol.
To process one transaction per six seconds in the real world would cost about 10 cents, maybe 15 if you used pens instead of pencils.
Not quite what blockchains were designed for really.
@WBF & @tmfp
I think you are missing one crucial point here:
If we – for the sake of argument – choose to believe that OneCoin blockchain is real, then we automatically know that there are only 10 transactions per minute.
We are supposed to have (according to Kari’s latest presentation in Münich) 2.3 MILLION active OneCoin accounts. And still only 14 400 transactions take place daily? (24 hours x 60 minutes x 10 transactions)
No wonder that OneCoin FB page is full of people complaining how their transactions are not getting through – apparently only 6 OneCoin owners out of 1 000 are actually buying coins! (And they do so with equal spread over the 24 hours of a day and 7 days of a week.)
Of course we can just simply accept the fact that there is no blockchain (and never has been) to make all this more sensible.
Hi all, i am not a Onecoin client, a friend of mine is, (actually my best friend).
We were together yesterday and he told me, that he also was extremely worried from the whole thing, and that he wont be spreading the word for Onecoin to anymore people, if things dont clear up, but they wired (onecoin i mesn), 150 euros in his bank account in Greece 2 days ago.
I am asking if this is just a trick to appear that all is ok, if it bears any merit and if its happening with others as well.
i would like an explanation as i promised him i will post in the forum for advice. he said he sold some coins and there were also some bonuses that he was supposed to collect, and also that it was his 1st bank wire that he received, up till now he was just being handed cash.
I dont know from these onecoin things, so i am waiting for any direction. Sincerely, thanks.
@ Otto, sure, I think I probably speak for WBF as well when I say that I am sure there is no functional blockchain, just a refinement of the infamous Shutterstock program.
A little more detail pls….
What was the 150 euros sent for? Coin sales? Exactly 150 euros? How much did he give them originally? What is the history of his account?
What was the bank wire reference? Who handed him cash and why?
Oh Otto, it’s 2.7 million “users” today btw. 🙂
How do you know there are exactly 10 transactions per minute? Are they showing the “blockchain” somewhere in backend?
Yes there’s somekind of “blockchain”-view, been for a long time, but you can’t search it, and if you click a block number it doesn’t show the separate transactions for that block, but just “coming soon” -text etc.
Anyway, like I explained above, the average transaction count per minute (and per block) is about 10, not the exact count.
An image of a prevous calculation shows 1 hour sample from both Sunday and Monday. OneCoin block average transactions 1 hour.
So far I’ve calculated 2 hours from both Sunday and Monday at about 20:00-22:00 UTC, and the average transaction counts per block were 9.9 for Sunday and 9.5 for Monday.
If the blockchain was real, it should show clearly bigger average transaction count for Monday since the xcoinx-exchange is open and at least some coins change the ownership.
I’ll extend the calculation to at least 12 hours, but I don’t expect to see any different trend here than already calculated based on a quick glance.
Where did you get this raw data from? Can you upload it somewhere so we can check for any statistical anomalies?
I get the data from OneCoin BackOffice. I’ve collected so far 2 hours data from Sunday and 3 hours from Monday. My plan is to collect at least 12 hours from each day. But if you want to have a preliminary look I have put LibreOffice Calc file here:
There’s also some url links included directly to some of the blocks so you can verify the results (using previous/next block links in block view), but you will need BackOffice login to access those.
Here are the different blockchain views of the BackOffice:
You can use this hyperlink (no login required) to see all generated “transactions”: onelife.eu/backend/mining/getLastTransactions
The reply shows the last six transactions in JSON format like this:
Today they have introduced a new feature: all transactions are exactly 25,000 ONE. I don’t understand the idea behind this, in the past the values varied from less than zero to several hundreds ONE, which made more sense.
Tonight I will start with a systematic analysis of all data which are visible in the backend, including a check of the consistency between block info and transaction info.
Wow, this literally happened couple of hours ago. I took a screenshot which I posted above (still pending in moderation) where it was like before.
Now it’s totally screwed up. All transactions show 25 000 ONE. Lol. In every block 50 000 new coins are still “mined” though.
The “blockchain” is faker than fake..
Correction: … in the past the values varied from less than one to several hundreds ONE
Yes, I’m afraid so (well, not really). It will be quite difficult to take an objective approach during my “systematic analysis” but I will give it a try 🙂
Lol, I wouldn’t be surprised if they follow the discussion here about the average transaction count being same on weekend and weekdays, (which does not make sense since Xcoinx is closed on weekends) and some tool tweaked some wrong parameter in the fake blockchain generator, and now all transactions are 25 000. 😀
I would not be surprised at all.
So in practise no other transaction are recorded than these single 25 000 coin transactions. No coin transfers between member up/downlines or Xcoinx coin transactions are recorded, because every transaction is 25 000 coins.
This is even more proof that the blockchain is fake.
All transactions 25 000 coins.
What are you clicking in the backoffice to get this?
Exchange and then Blockchain.
wait a minute? please. blockchains just oversight between transactions. oversight means verifies transactions of transfers.
no one (not even onecoin or others coin scheming) has to fake a blockchain because it just only verifies you to me transactions, i believe.
onecoins (fake or real) or other coins (more real one of course) and blockchains not the same thing. blockchains verify exchanging coins or fake coins (like onecoins) no?
blockchains and coins not the same from what i read.
This is comedy GOLD and proof that Ruja the #KleptoQueen and Sebastian Greedwould never thought any of this through and have never had ANY idea about anything related to either cryptocurrency OR blockchain!!
So funny that even with all their claims of “you can’t see what’s in the box, it’s ‘closed source,'” this is coming back to bite them due to the company’s lack of any technical or cryptographic logic!
LOL, I was ready for a real challenge, but this is too easy!
It’s not only 25.000 OC transactions, here are some recent ones:
It’s somewhat logical the “blockchain” would be showing a lot of 25,000 transactions. Every minute a new block is “mined” and the 50,000 reward must go to some address, perhaps in two parts.
Poof, now it’s back to what it was earlier, meaning smaller transactions. I don’t know what glitch that was for couple of hours, or did they really tried to tweak the fake blockchain somehow which backfired.
i believe all currency is a made up value. so, i dont get why another system like a ponzi token making up value is different from my made up euros’ value. value is always relativity, yes?
14.28571429 is the equivalent of 1,000 tokens which have been put into mining with a Difficulty factor of 70. They’re improving 😉
To put this in its most simple form:
1.) What government on earth allows a private, unlicensed/ unregistered (as an MSB/ Money Transmitter) “COMPANY” to mint “currency” and sell it for government issued money? Seems like a conflict of interest perhaps?
2.) whereas cryptocurrency is decentralized/ distributed software run by a permissionless network of voluntary participants outside of any corporate structure, OneCon is *CENTRALIZED, which unequivocally defines itself as a “single point of failure” system and “trust network.”
*think: Napster, LimeWire, Kaaza – the Feds came in, “PULLED THE PLUG,” and those services were INSTANTLY GONE FOREVER.
The OneCULT “plug” is about to be pulled, one way or another, and …. it’s gone.
Interesting isn’t it that for a company that touts itself as being the most transparent company ever does so many things behind closed doors and not available to their members or the public. Hypocrisy at its best.
One value is based on legitimate (public) supply and demand. The other is centrally-controlled by Ponzi fraudsters.
All I know is that if I have 100 Euros…I can exchange it for the currency of my choice in minutes.
If I have 100 Euros worth of so called Onecoin…. I may never be able to exchange it for my currency and even if I could… it will and IS a very long process…. Not to mention that you cant even have Onecoin unless your a member of the fraudster group.
It is just AMAZING that Onecoin has continued on this long….. absolutely AMAZING.
lee oshea, onecoin recruiter from dubai [or thereabouts] has posted on FB that he managed to ‘buy’ a few onecoins on xcoinx:
this led to a few hapless affiliates asking about ‘selling’ coins:
the response to this was:
hello oshea, ‘selling’ is not happening so what kind of a response is that??
all in all, the conversation between top recruiting affiliates and those at the bottom went from ‘why do you want to sell coins the price is going to go boom Boom’ to ‘be patient and wait we are building a cryptocurrency’ to ‘the new exchange needs time to be functional’ to ‘get the hell off my FB page you hater’ to ‘i’m just going to delete your comments and be done with your embarrassing questions!’.
On the bright side, if he bought some, it means someone sold some, lol.
Have to wonder how much he paid for them. 🙂
I doubt it. That is how a normal exchange works. I think they need all the money they get at this point. They just gave him some OCS and kept the money. That is my guses.
I’ve recently been …counseling(?) a respected OC Team Leader who finally managed to “see the light” and psychologicaly defect, but is still pissed off as the truth continues to sink in and at this while xcoinx buffoonery.
This is a successful, well traveled and otherwise smart/ successful business man, btw! We’ve been talking for about 3 weeks (I was an obvious “hater” for the first 2).
Yesterday I began a discussion with him concerning the new payment information (ie., cash/ money laundering only) detailed in this thread; for which here are some snippets (just his side):
@Oz – a question I’ve been getting a lot lately from recent former Onecoiners is, “am I going to get in trouble if I report them considering that I’ve made some money in this already?” (BTW: Most of the ones whom have asked this HAVE brought on friends and family and seen genuinely ashamed). How does that work?
Made more than you put in? You might be subject to clawback litigation in the future (unlikely though, as this is a Euro scam).
Made some money but less than you personally invested? You’re technically a victim.
And bear in mind this is actual money invested and withdrawn. What’s in your OneCoin backoffice doesn’t exist.
@Oz – many of my contacts are EU guys. Anyway, it makes sense.
My question is that in the case of “clawback litigation” (particularly if the victim [but partial “winner”] is proactive in cooperating with authorities PRIOR to them being contacted [and has cooperative family they unwittingly brought in]), is there “considerations” for providing upline info and helping bring the case (eventuallly) to Prosecution?
If so, I want to state Case Study (ie., “incentive”) for cooperating and reporting NOW rather than when they get a knock at their door, as it were.
Prosecution is for criminal matter, clawback litigation is civil action.
Criminal prosecution is typically reserved for the operators of the schemes. Clawback litigation goes after anyone who made money (based on a determined case-by-case threshold).
Helping authorities conducting a criminal investigation isn’t going to change the fact that you made money in a Ponzi scheme.
if a participant has made a small amount of money from the scheme in question, there may be no clawback action against them at all. for instance in zeek the threshold was $1000.
even where there is clawback, the net winners are given the opportunity to ‘settle’ the matter with the receiver in charge. these settlements are usually for much lesser than the total amount ‘won’. for instance in zeek it was around 50%.
it is entirely possible that a receiver may take a sympathetic view of a net winner who has inadvertently profited from the scheme and can show that s/he has voluntarily helped the prosecution.
we have no way of knowing for sure as these settlements are private, but when receivers can cut some slack for net winners who come forward to settle without litigation, or to those who are not in a good financial position, then we can assume that net winners who help the prosecution will also get favorable settlements.
If you want to buy an complete OneCoin-Account, have a look at w.w.w.ebay.de, you will find daily more.
We went through some of this in MuroBBS discussion and even with Occam’s Razor approach it is more likely that this sorry excuse of an exchange actually DOES move coins based on buy/sell orders.
But this is the trick: In order to buy coins, you need to have euros on your cash account. And you cannot (AFAIK) just step in, create account, load euros to your account and start buying OneCoins, there are only two ways to get money to that cash account:
1) Sell coins and actually have the sell order to succeed. (Very rare occasion and I’ll get to that later.)
2) Lure someone else to your downline and get the recruitment bonus (split 60/40 between cash account and “mandatory coin-buying account”).
Well you cannot have case 1) unless you have OneCoins. And if you HAVE OneCoins, you have already either bought the – ahem – “educational package” OR then recruited someone in and bought coins with the euros you got from 2).
Which leads us to the point that purchase orders can only be paid with the recruitment bonuses (10%+10%+10% of the money invested) that are paid to next three levels of upline from new recruitees (and of that sum, 60% will be cashed out by the upline as soon as they have the possibility so we are left with 4%+4%+4%=12% of the euros put in to the system that could ever return back to “investors” through selling coins.)
Meanwhile the imaginary value of coins that the “investors” are trying to sell (i.e. the summed up value of Ponzi-points) is already some 10-100 times the amount of money they invested. (This is no joke – the Ultimate Trader Package had promised overnight ROI of 10 000% with the coin price of the time.)
Considering the “value rise” of the coin so far (0.5€ -> 6.95€) and the doubling of coins in Bangkok I say we can rather safely estimate that the total (Ponzi points) value of coins owned by OneCoin investors is currently roughly 100 times the amount of money (actual euros) they have “invested” to the pyramid.
As said, the potential amount of money (again, euros in mandatory coin buy accounts) that could be used to buy coins is 12% of the money they have put in.
Hence there are 100 / 0.12 = 833 times as many coins being offered for sale as there is money in the system to buy the coins with the price OneCoin Ltd. has defined by themselves.
Is someone surprised that the “selling orders” are pending? 😀
Assuming the recruitment bonuses are still in the system and people started to sell their coins for 1/833 of the price, i.e. 0.12 euro CENTS each, all sales would succeed.
Let me be overly specific on this: The supply/demand value for OneCoin in the closed system is currently 0.0012€ / OneCoin AT BEST.
This amount of euros that can theoretically be drawn from the system if ALL the recruitment bonuses paid so far are still on the mandatory buying accounts, which they of course are not.
As the message is that buying orders go through immediately (see Tim’s comment #104 above), the mandatory buying accounts at current are more or less depleted and therefore the price of OneCoin when based on demand and supply is effectively 0 (so close to 0 it makes no sense to print the decimals).
…which is the base reason why virtually none of the selling orders get executed in xcoinx.
Well TBH the other values:
do not multiply to even number with 70. And according to OneCoin you cannot sell, buy or transfer non-integer amount of coins. So those transactions have to be fake.
Yes, you are right.
I was in a good mood and thought that 2 out of 6 transactions which MIGHT be plausible is not such a bad score for the dropouts who have built this facade 😉
Yes, this is an important point to understand. All transactions within the up/downline or in the Xcoinx are full coins. Yet in the OneCoin’s “blockchain” view there’s extremely small amount of full coin transfers shown.
Oz and Tim:
Both of you guys have done some amazing work to expose this scam and warn people that are about to get duped.
Do you have an email or alert you send out with regular updates about one coin and it’s demise? I enjoy getting on behindmlm.com and will continue to! Wanted to see if you have other forms of updates to readers (twitter, perhaps?)
I don’t do social media for BehindMLM (no time). What you see on the site is everything I’ve published.
Tim has Twitter and he is active there pretty much every day:
Tim Tayshun @ezCoinAccess
@Apollo – Thanks, but there are many. In fact, We are Legion. We do not forgive. We do not forget. Expect us.
I’d really like to get to the bottom of where Pablo is.
#Where’S Pablo ?
There must be some “chatter.” No?
Bitcoin Association of Israel joins many others in warning against the Onecoin SCAM acusing it of not being transparent, as it claims, not being a cryptocurrency, and not having a blockchain; but using technical terminology for its vapor-ware to fool unsuspecting newbies in the space:
About the only thing you can do is check off the “notify me of followup comments via e-mail” box at the bottom of the page when you respond to a post. That will get you any new comments on that post.
Otherwise, you can subscribe to the feed via links at the top of the site.
@Apollo – firstname.lastname@example.org
Excellent New Article out of Uganda: a country (and continent [Africa]) which Onecoin Leader Tommi Vourinen and other Top Schemers have been targeting for theft:
Ari Widell is worth following
Also the German version of “War and Peace”, currently running at 3200+ posts
There’s not much interest or OC spamming on Reddit or Bitcointalk, which I patrol with a rod of iron lol.
There are other groups of “PPP haterzz”, many with back office and other access, who keep private and release findings direct to the law and relevant banks.
Try multiplying with 69. The difficulty is reduced by 1 if you take a certain combo of educational packages.
OMG! 1320.27536232 x 69 = 91099 sharp!
FWIW we did take a look at the “transactions” visible in OC Backoffice:
None of those figures multiply properly with 69 or 70. Nor can they be xcoinx market sales as fractions of a coin cannot be sold.
how can I contact you?
I’ve also verified that if a member sends another member in his up/downline for example 2 onecoins, the transaction, exactly 2 onecoins will not show up in the transaction list even after waiting.
This is something anybody who owns coins can verify.
In my opinion a coin transfer between members should be logged in the blockchain. Why it’s not, is another question for Onecoinists.
I don’t remember seeing any other full coin transactions other than 25 000 and 50 000 coin transactions. All other transactions are with fractions, even though members can only buy/sell/transfer full coins.
Shall we do some data mining?
Here is a tab-delimited file with all the transactions posted in 24h at onelife.eu/backend/mining/getLastTransactions
Link to file:
– This blockchain is not running blocks in 1 minute intervals. In 24 hours, there were 544 transactions with the amount of 50000 OC, so the algorithm is spewing out a new block every 2.64 minutes on average.
– Most transactions appear to be from tokens converted to coins.
– There are no transactions with integer amounts to be connected to OC sales on the exchange.
More to follow.
I’m pretty sure this is not the case. That 50 000 coins transaction shown is probably something else than coins created in every block.
I calculated the actual block count in 24 hours, it was 1403 blocks. Meaning 1403 blocks in 1440 minutes, which means just a bit over a minute per block.
Yeah, the “blockchain” transactions member to member transfers, or coins bought/sold in Xcoinx are NOT recorded.
I transfered 5 coins to other member, the transactions didn’t show anything even starting with 5 for many minutes until I gave up waiting.
Sounds like a huge scam to me. How can it be shut down here in the USA?
Below you can see 2 blocsk from period of 24 hour from where you can count the block amount per 24 hour:
Also I’m pretty sure that if there’s a block with only 1 transaction, that being the 50 000 coins created, it does not show in last transactions. So those what you see there are something else.
The last transactions view only covers 6 transactions which is really pathetic, and you can’t browse those.
Also when you click a block, it doesn’t show transactions for that block, only “coming soon”.
Seems everything is “coming soon” and shady what comes to OneCoin..
complain to the SEC that onecoin is selling securities without registration, in a ponzi scheme.
complain to the FTC that onecoin is an unregistered business running a pyramid scam in the USA via a fraudulent cryptocurrency.
onecoin is operating under stealth in the US, promoted by top affiliates like the convicted felon tom mcmurrain and edward hartley among others.
onecoin investments are laundered via websites like us.moonlearning.com and us2moon.com and routed to onecoin’s accounts probably held in some offshore haven.
I use this procedure for my analysis of Blockchain and Transaction info:
a. Go to the “Mining page”:onelife.eu/backend/mining
b. Open the Developer tools with the F12 function key.
c. Click > Network > XHR.
d. Rows with mining pools and transaction data will become visible and refresh automatically every 4 seconds.
e. In the bottom-left panel, left-click on a row with transaction data.
f. In the bottom-right panel details of the last 6 transactions will be visible (the same data as via hyperlink onelife.eu/backend/mining/getLastTransactions).
g. Among these data is the “hash” which is a unique Transaction ID. Put this behind “onelife.eu/backend/blockchain/tx/” and you’ll get a direct hyperlink to a Transaction,
for instance: onelife.eu/backend/blockchain/tx/05c112d851dfde3d3fbb4ded680088b45b0ab9f4885107060817202e51d5a9b8
h. The Transaction details page contains a direct hyperlink to the Block it belongs to. The Block details page contains “previous block” and “next block” hyperlinks.
i. You can save the data on the mining page as follows: right-click on a row with tranaction data in the bottom-left panel and select “Save All As HAR”. A HAR file in JSON format will be saved.
Twitter is fine.
I am not disagreeing with you, but it seems the data shown under /LastTransactions (the last 6 of them) is out of sync with the data shown under /blockchain, at least as far as the 50 000 OC generation transactions are concerned.
Every 50 000 OC transaction from /LastTransactions can be matched to a 50 000 OC generation transaction (it has no inputs) under /blockchain.
See for example the transaction with hash ae564859ddfe8407c359bf3d294c91fdffc91e9fe711ae6c3ad9812777a7fc81: imgur.com/a/1nW3a
your ideas in message #111 make much sense to me. ponzi points make illusion of greater onecoin value. so bitcoin and most other cryptocurrency far financial stronger then onecoin.
worth near zero are onecoins really, less than bitcoin starting out in first four years time. insighting, thanks.
I admire your math and your tenacity chaps, but let’s see the wood for the trees here.
This sums up the idiocy of Onecoin pretty neatly; variable difficulty of work in a centralized system?
The longer I look at those transaction hashes, the more I’m convinced they are not more than url-encrypyed Data sent to an SQL-Database…
Maybe containing User-ID, purchased packet, sent tokens to mining, mining difficulty, etc..
Like 15 years ago I programmed a simple web shop (PHP, MySQL) and did the exact same thing. Passing encrypted data (ID, product number, amount, etc) from page to page and finally to the database…
hmmm… i did some more thinking 😀
How can one pretend to have a running Blockchain that’s not searchable?
Looking at how Mining works at onecoin, it seems fairly easy…
If a Onecoinist puts Tokens into Mining he exactly knows how many Coins he will get cause of the fixed Difficulty.
He also knows when he will get those coins. Old Blockchain 2-3 Months, New Blockchain 1-2 Weeks. (They Say…)
Now all you need is a couple of Databases and some scripts.. lets call one of those Database the “CoinFactory”
Only 5 columns are needed.
Member ID, Submitted Token, Date Token Submitted, Mined Coins, Coins mined Trigger Date.
how could that work? let’s see…
Member #17623 puts 7000 Token into Mining @ 70 Difficulty = 100 Coins
A script generates an random or calculated Date for coin Payout in the given timespan and saves all the data to the “Coinfactory”
A serverside script runs every minute searching the “coinfactory” for (Date Submitted <= Today or TriggerDate <= Today) either creating a encrypted printout for Token submitted to mining or for moving coins to the Member database and delete the not needed 7th printout and mined row to save space.
This this is displayed in the "Backoffice Blockchain".
okay, maybe some fine tuning for Auto Mining, split tokens while "mining", etc.
But plausible, ain't it?
And pretty cheap on hardware an power consumption.
I guess my Pi could handle this… 😀
Because making it searchable would have given up the game too soon.
xcoinx is down! Time to panic!
You describe a possible scenario, but currently it works completely different.
I submitted Tokens for mining 10 times in a row, this process too about 2.5 minutes. All 10 Transactions were IMMEDIATELY visible, both on the Tokens account and the Onecoin account, with EXACTLY the same transaction times in both accounts.
“Pools” information was visible on the Mining page. This info was generated in three blocks of about one minute, AFTER the transactions on the Token and Onecoin account. Hard proof that there is no mining process, only a facade.
This evening (GMT/UTC) I will publish the first of a series of articles on a new blogspot page with extensive analyses, screenshots and evidence.
Well TBH it’s internal server error w/redirecting to xcoinx.com/eu still working so it could just as well be actual failure/downtime.
However this demonstrates well the disadvantages of centralized cryptocurrency (an oxymoron) and private blockchain (another oxymoron).
well, isn’t this a holiday weekend with thanksgiving etc?
better to have the exchange ‘down’ than having affiliate unrest over the exchange not paying out – it’s just a technical glitch y’all! say happy thanksgiving to rujamama and her baby!
Here in Europe we dont celebrate Thanksgiving. US and Canada (oct).
What i find strange is “Inauguration of OneCoin Offices in China” Fake? Or?
if onecoin was opening an office in china the news would be viral by now. instead, there are just a handful of posts [copy paste] by random affiliates.
at the very most, a top onecoin chinese affiliate may have opened an office.
Well, I have to say that quite a lot of local top recruiters have opened their offices around China.
Anyhow, xcoinx is down again.
How does that work? Are they like drop in centers where OCers go to compare back offices and reassure each other how rich they are going to be?
What do they do all day?
Do they combine any other “business opportunities”?
Do they sell packages conventionally, or gift codes for cash?
Any background info would be interesting, thanks.
Deleting Facebook comments may be becoming a full time job at this point 😉
xcoinx is back ^_^
Liars tell innocent people not to worry about the investments.
“All you have to do is to wait til Onecoin goes public in 2018. Then you become as rich as Jack Ma, or even richer!!!”
And the reason for the downtime?
A revaluation to 7.80 euros a pop now lol.
New OneCoin “price” 7.85 euros. New “difficulty rate” 79.
LOL Xcoinx: NOLINK://d17oy1vhnax1f7.cloudfront.net/items/3c0N1x0M2b2y2U2p2S42/xcoinxnewprice.PNG
wow how did that just go up to 7.85 euros???
Ruja mama working hard……
Now you can buy almost 13% more of…………
ah…just a sec….
As always: The OneCoin Difficulty Barometer™ for idiots, went to 100%, and Ruja pulled a new value from her handbag, which of course is not based on anything, and is not questioned by any member of the cult, because Dr. Ruja is the greatest financial genious ever!!1
And Ken Labine and other OneCoin idiots are rejoicing that they got even richer and people should join OneCoin now!!!1 😀 😀 😀
13% increase in “value” based on _________
They think coins were hard to sell now? Let’s see how many “sell orders” v. “but orders” go through asst this point.
There’s enough sceptics already whom this should drive flooding to the exchange IMHO.
That’s what I was trying to say with my little example 😉
That facade is just as convincing as it has to be for all those out there, who don’t know anything about Crypto currency nor investments. But believe it possible to get rich easy…
They don’t want anyone joining the party, who smells the rotten fish right away…
In fact they need an outside enemy to put the blame on, discredit or to look down on..
Just look at Kenny. He’s “THE Defender of the ZeroCoin” 😀
Non the less it’s important to get any information out there, that might be helpful stopping people to join and I’m looking forward to reading your article!
Top Schemer Joby Boughey in South Africa for events earlier today and tomorrow. Signing up cab drivers and other victims.
Says tomorrow “should be a packed house” and gloating about the “absolute fortune” he just made today on a €0.90 coin increase.
I have just published the first of a series of articles on a new blog “OnecoinOnelifeFacts.blogspot.com”. Objective investigations (at least I try to!), with reproducible and documented procedures.
By the way, I will never use the word “scam” on that blog, because I know the OneLife Ponzis are allergic to that term. 😉
This first article contains a thorough analysis of the “mining process” which imho does not exist: NOLINK://onecoinonelifefacts.blogspot.no/2016/11/analysis-of-onecoin-blockchain-part-1.html
NB: my apologies for the annoying adds on the mediafire website (if you want to download the HAR file). I will try to find a better one.
there seems to be some new payment method devised by onecoin in the absence of direct banking.
it is being shared only via private messaging or skype or phone etc and not publicly.
from FB, nov 24, 2016:
so, is it some ‘moonlearning’ type website or has onecoin opened some bank account which is not to be shared openly?
with so many disgruntled affiliates in it’s ranks, for how long can this information be kept secret?
Great job and analysis!
Perfect material to send to authorities,especially those with lack of knowledge in mining and blockchain…
BIG NEWS seeming to come out of Belgium this morning!
(Chrome English Translation):
TT NOTE: the FSMA has already issued warning. The attorneys representing this case seem to be exploring a Class Action Suit. I’m digging more into this now! Will report back shortly!
Standby for full coverage.
I’m genuinely surprised that they still use this nonsense statement:
That was the base of the story already with “the previous blockchain”, and the finite amount of coins (2.1 billion in the old blockchain) was explained with this – i.e. there is a limited amount of coins as the number of possible outcomes for block hashes decreases until it reaches zero. Then all coins would be mined and mining would end.
Everyone who knows anything about how blockchain works should know that the process of mining is not required for creating the coins (e.g. Storjcoin), nor will the mining end once the pre-set amount of coins is reached.
Once again this abomination of cryptocurrency terms only exists to make sure whoever invests to this “magnificent opportunity” is as clueless as possible about cryptocurrencies as a whole.
If this hilarious statement was correct, the OneCoin blockchain would actually freeze after the last coin has been mined, meaning that no transactions with the OneCoins would be possible after that.
(But I’m sure they would just launch a new blockchain and move all coins there like they already once did.)
This stands repeating. The primary purpose of mining IS NOT to “create new coins,” but to verify and confirm transactions.
The minting of new coins IS A BY-PRODUCT of this function, and the “reward” for verifying a block of transactions.
This is a very good point which Otto points out 🙂