OneCoin Review: 100-5000 EUR Ponzi point “cryptocurrency”
There is no information on the OneCoin website indicating who owns or runs the business.
The OneCoin website does have an “about” section, however no information about the company’s ownership structure is revealed.
The company does state however that it
is headquartered in Europe with worldwide operations. We focus on core markets such as South East Asian countries, Europe, India and Africa.
Conspicuously absent is the US.
The OneCoin Terms and Conditions suggests that the company is based out of Bulgaria:
Onecoin follows strictly the regulations of the Electronic Commerce Act of the state of Bulgaria.
We are not in the business of selling your personal information to third parties. Where permitted by the provisions of applicable law, Onecoin may though share such information from time to time with the following third parties:
Any government agency or other appropriate governmental, police, or regulatory authority in state of Bulgaria or elsewhere in order to meet legal security and regulatory requirements.
The OneCoin website domain (“onecoin.eu”) was registered on June 23rd 2014, however the domain registration is set to private. OneCoin’s website itself is hosted out of Bulgaria.
As always, if a MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
The OneCoin Product Line
OneCoin has no retailable products or services.
OneCoin affiliate are only able to market affiliate membership to the site itself.
The OneCoin Compensation Plan
The OneCoin compensation plan revolves around affiliates joining and then investing in OneCoin “tokens”.
There are five packages on offer:
- Starter – 100 EUR
- Trader – 500 EUR
- Pro Trader – 1000 EUR
- Executive Trader – 3000 EUR
- Tycoon Trader – 5000 EUR
Commissions are paid out split 60/40, with only 60% of commissions paid out being able to be withdrawn at any given time.
Recruitment Commissions
A 10% commission is paid on the packages purchased by personally recruited OneCoin affiliates.
When a OneCoin affiliate joins the company, for their first 30 days they are paid an additional 10% recruitment commission on any packages purchased by newly recruited affiliates.
This commission is paid out after the thirty-day period, on the condition that the cumulatively, the affiliates recruited spent over 5,500 EUR on packages.
After this period, the regular 10% recruitment commission applies.
Residual Recruitment Commissions
Residual recruitment commissions in OneCoin are paid out using a binary compensation structure.
A binary compensation structure places an affiliate at the top of a two binary teams, left and right:
Positions in the binary represent affiliates who have purchased a package.
Commissions are paid out on the volume generated by affiliates purchasing packages, with 10% of the weaker side paid out.
The OneCoin compensation plan does not mention whether this is a daily, weekly or monthly payout.
Matching Bonus
A Matching Bonus is available on the binary earnings of recruited affiliates, payable down four levels of recruitment.
How many levels a OneCoin affiliate qualifies to receive the Matching Bonus on depends on how much they spent on a package:
- Starter – no bonus available
- Trader – 10% on level 1
- Pro Trader – 10 on levels 1 and 2
- Executive Trader – 10% on levels 1 and 2 and 20% on level 3
- Tycoon Trader – 10% on levels 1 and 2, 20% on level 3 and 25% on level 4
OneLife Point Bonus
OneLife Points are accumulated by OneLife affiliates based on how much they spent on their own package, how many affiliates they’ve personally recruited and how many affiliates joined OneCoin after them (globally).
Points are awarded daily, with the OneCoin compensation plan stating that points can be exchanged ‘for attractive items – as unique holidays, luxury watches and other amazing and exclusive rewards‘.
No further specific information is provided.
Aurum Gold Coins
Bundled with OneCoin packages are “Aurum Gold Coins”.
Aurum Gold Coin is a hybrid currency, based in Dubai and a pioneer in the world of virtual currency.
OneCoin claim that
every Aurum Gold Coin is backed up with 1mg of solid gold.
This gold is physically stored in the gold vault in Dubai.
The amounts of Aurum Gold Coins alloted to each OneCoin package is as follows:
- Starter – 50 coins
- Trader – 250 coins
- Pro Trader – 500 coins
- Executive Trader – 1500 coins
- Tycoon Trader – 2500 coins
I tried to independently verify this but nothing in particular came up for “Aurum Gold Coin”. As such, it appears to be a virtual currency exchange scheme within the OneCoin compensation plan.
The notion that there is a third-party company out there backing a virtual currency that OneCoin are literally giving away with actual gold is rather ridiculous.
Joining OneCoin
Affiliate membership to OneCoin is $30.
Affiliates must purchase a package however if they wish to participate in the MLM side of OneCoin.
This adds an additional 100 to 5000 EUR cost to affiliate membership, depending on which package is purchased:
- Starter – 100 EUR
- Trader – 500 EUR
- Pro Trader – 1000 EUR
- Executive Trader – 3000 EUR
- Tycoon Trader – 5000 EUR
The primary difference between the packages is commission percentages paid out and tokens assigned to an affiliate (see conclusion of this review).
Conclusion
There are three primary component to the OneCoin MLM business opportunity.
The first is a simple recruitment-driven pyramid scheme, backed with a residual binary compensation structure.
Affiliates join OneCoin and are then directly compensated on the recruitment of new affiliates, who must spend money on packages to participate in the MLM opportunity.
The second is the whole Aurum Gold Coins schtick, which appears to be an alternative virtual currency to the OneTokens, and are backed by baloney.
The third and most secretive component is the OneCoin token share scheme.
OneCoin is a new cryptocurrency that can be traded on the OneExchange.
Details of the OneCoin token exchange are kept off the OneCoin website, with even the compensation plan only lightly going into details.
In a nutshell, based on how much an affiliate spends on a package, they are awarded a specific number of OneTokens.
- Starter – 1000 tokens
- Trader – 5000 tokens
- Pro Trader – 10,000 tokens
- Executive Trader – 30,000 tokens
- Tycoon Trader – 60,000 tokens
These tokens are “traded” on what OneCoin refer to as the “OneExchange”.
Masquerading as a crypto-currency, OneCoin’s OneTokens are nothing more than Ponzi points, pegged to nothing more than the rate of new money flowing into the company via affiliates:
The more people join the OneCoin concept, the higher the popularity and value of the currency.
The more popular OneCoin is, the higher the value of the cryptocurrency.
As long as nobody exchanges their OneTokens for cash, OneCoin hold everybody’s money. If money flowing in slows down however, OneCoin implement what they refer to as “splits”.
Basically, everybody’s tokens multiply, which drives down the value of an individual token.
OneCoin are quite secretive about their OneExchange virtual currency trading platform, however one can safely assume ther’re withdrawal limits and restrictions on the amount of tokens an affiliate can “sell” over set periods of time.
In this sense OneCoin functions no differently to any other Ponzi points-based scheme, only they pretend to be involved in crypto-currencies.
In the US at least, OneCoin would easily fall foul of SEC regulation concerning the offering of unregistered securities. This is why the company purportedly does not operate there.
Not that Europe is any more welcoming of such scams, only that the anonymous owners are obviously hedging their bets against getting away with it by registering the company in Bulgaria.
Once new investment in packages stops and the completely arbitrary value assigned OneTokens goes into an irreversible spiral, those running the scheme will simply disappear.
Along with what’s left of everybody’s money.
Sep 23rd, 2014 at 8:18 pm scammerssuk(Q)
All you need to know about this one is that Rune Fjororft (sp?) is pimping this scam!
Sep 23rd, 2014 at 9:43 pm M_Norway(Q)
It’s probably Rune Fjortoft (Rune Fjørtoft), a small fish pretending to be a bigger one. A small “serial fish” with 12-13 followers. A.k.a. “mlmpro”, “mlmpronews”.
“Rune Fjørtoft is pimping this” should normally be interpreted as “not very successful program” (I have only seen him in unsuccessful, relatively short lived programs).
Sep 25th, 2014 at 6:24 pm Albert(Q)
There is a lot of information already about the owners online about the Onecoin scam. They are already well known more for launching scams one after another – change the team and relaunch:
– Master Distributor: Sebastian Greenwood (Unaico and Loopium),
– President: Nigel Allan (Brilliant Carbon)
Here are some links for further research: sebastiangreenwoodscam.wordpress.com
They create a company every year and close it after 6 months, spend the money and then move onto the next scam.
Other names connected with this, include Bjorn Thomas, John Ng, Dr Lieven and many more.
This is basically – Scammers United.
Best of luck if you want join Onecoin scam.
Dec 18th, 2014 at 8:53 am Bjorn Thomas(Q)
Thank you, and very useful, However I like to bring light to tunnel, The Actual Owner Whom are a.k.a representing themselves as Marketers, and lawyer and Distributors ,,,,they actually are the owners, and the financial supporter of ONE COIN is a very famous man,,,, here they are ladies and Gentleman;
A) Mr. Sebastian Greenwood from Sweden a.k.a ( Master Distributor)
B) Dr. Ruja Ignatova a.k.a Legal Adviser ,She actually is the one who dose all the company setup, Bank Accounts, Contract, Money Movement Between BG, Dubai, HK, Malaysia, Indonesia and she actually lives resides in Bulgaria for the past 10 years.
C) John NG the famous financier and the previous owner of BIGCOIN HK, whom Ramped up 150,000,000 USD within 2 years in HK for BIGCOIN.
D) Nigel Allan, wow this one is the pure Scum bag 🙂
Dec 22nd, 2014 at 1:38 pm mike donia(Q)
I have worked fraud for 30 years, smelled this from first sniff.
Have a chance to put some keyplayers in the soup with some serious charges, limit their international travel and place them on the hustle for legal representation to keep their asses out of jail.
give me a shout we can chat.
Feb 27th, 2015 at 1:33 am Frank(Q)
It looks like this Ponzi scheme is already falling apart. Internal fight between the management has left Nigel Allan without a position.
Allan from his reputation is much smarter than that. He would have been the brains behind the outfit; It looks like he made his money and has left the ship before it sinks. This now leaves the problems in the hands of Greenwood and Ruja.
Included below is the email the company just sent out in the last 24 hours. It makes it sound like Ruja is in control.
Feb 28th, 2015 at 10:23 am Terry(Q)
So do you have any knowledge of Ruja as well? Any idea if her and Allen worked together in the past?
Feb 28th, 2015 at 10:30 am littleroundman(Q)
Nah,
being sneaky, disloyal and underhanded are seen as positive attributes in the scam business.
Nigel will have a new job before you can say “normal behaviour”
Feb 28th, 2015 at 5:14 pm Frank(Q)
You are right littleroundman, Nigel Allan will find another scam soon. Anyone that works with Nigel Allan should know the future outcome.
A youtube video predicted the fall of Onecoin and team within six months.
If you check out the comments on there, you will find that Nigel Allan has a history of scamming his business partners.
Venzcel Gabor looks like a former victim of Nigel Allan’s scam.
Mar 10th, 2015 at 6:15 pm ComputerGuy(Q)
I did some investigations and got this info from one of the company’s marketing materials. Thought I would contribute to the discussion:
Dr. Ruja Ignatova is the Founder, Owner and Chief Operating Officer of OneCoin
Dr. Ruja’s Biography:
Note that I am not a OneCoin affiliate, nor am I promoting it.
I was investigating the claim by a friend of mine that it was backed by Gold. Further to my checks, I found out that OneCoin is in fact NOT backed by gold, but they do have a partner program called the Aurum Gold coin, which you included in the research above.
Although the coin is ‘backed’ by 1mg of gold, in Dubai’s vaults. There is no information about the quality nor certification of the Dubai gold.
Was it mined in an LBMA certified mine? If so, which one? Is it 24K 999.9 currency grade bullion? I am still researching.
Thanks again for your article.
Mar 10th, 2015 at 7:20 pm Oz(Q)
Thanks for the additional information CG.
Ignatova sounds like he knows exactly what he’s doing, which makes a scheme like this all the more dangerous.
Mar 10th, 2015 at 8:19 pm M_Norway(Q)
What SHE is doing. But I found another list of names on WorlLawdirect.com.
Mar 10th, 2015 at 10:14 pm Oz(Q)
Women can be the head of multi-million dollar crypto-currency Ponzi schemes?!
What a world we live in!
Mar 10th, 2015 at 11:02 pm anjali(Q)
i am unable to understand your shock and awe.
if mary jo white can head the organization that ‘stops the running’ of ponzi schemes, why can’t a woman head an organization ‘that runs’ a ponzi scheme. strong management skills are required for both jobs, only the mindset is different.
mindset is a result of nature [genes] and nurture [social environment], it’s the same for all human beings. women just get lesser opportunity to ‘act’ on their ideas, and when a few manage, it’s like, ‘how can women do this! let’s go into shock and awe!’
Mar 10th, 2015 at 11:23 pm littleroundman(Q)
Don’t they do “irony” in India ???
Mar 11th, 2015 at 7:40 pm Frank(Q)
The reason Dr Ruja Ignatova was heading up the company and not Sebastian Greenwood and Nigel Allan is that Dr Ruja Ignatova had a clean name. Regardless of what is being published outside, they are all involved.
Not having official shareholding or having his name on paper allowed Nigel Allan to get out without being prosecuted.
I can understand that Dr Ruja Ignatova is a better name to use than well known con-artists like Nigel Allan and Sebastian Greenwood.
Next time Nigel Allan and Sebastian Greenwood do a scam they will again use a different name to front the business. They will be “Employed” or “Distributors”. This seems to be their Modus Operandi.
Mar 15th, 2015 at 12:10 pm BitcoinNut(Q)
I painstakingly watched Dr. Ruja’s presentation on OneCoin… absolutely flawed.
The thing that struck me the most, is that this woman’s fascination of bitcoin and crypto currency in general stems from the fact that had she bought Bitcoin for $27 in 2010 instead a pair of shoes, she would be a millionaire now!
This is repeated several times, including with the infamous “1000 bitcoin pizza” story, that she tells in horrible detail, saying that the person who made that purchase is kicking himself now…
This is not true, as we know that “Laszlo” has said: “I was learning OpenCL programming and mining bitcoins with a video card so the pizza was a good deal for me.” – bitcointalk.org/index.php?topic=109.msg5143603#msg5143603
Dr. Ruja is absolutely incompetent in her presentation of cryptocurrencies, and I imagine she has been fooled by the people running this scam! — or she is in on it, and trying to make a quick buck.
Either way, she is digging herself deeper and deeper everyday that passes with her at the helm of OneCoin.
Mar 16th, 2015 at 6:32 pm Frank(Q)
QUOTE: “I painstakingly watched Dr. Ruja’s presentation on OneCoin… absolutely flawed.” from BitcoinNut
BitcoinNut, it is good to read your feedback.
Listen to the end of the presentation (52 minutes in). This is what they say:
Anyone who promises 80x return on investment in 12 months, does not intend to be around when the time comes to collect. How do you think they will give these kinds of returns.
Based on inside information from the top leaders in the company; the company has done more than €50 million in business turnover. This is based on the number of points that they had accumulated in the Binary.
12 months is approaching fast and that is why key people behind the investment scam like Nigel Allan have already left.
I think it is time to contact the authorities and let them deal with this.
Mar 18th, 2015 at 12:56 am Chrille(Q)
hahaha
You do understand that the example with 80x return, is not payment from the company? it’s based on sell/buy with other people on crypto-exchanges. Not a payment from Onecoin them-self. For this to happen, then coin have to be used.
It’s not like buy upgrade, wait 1 year, get 80x back!
Mar 18th, 2015 at 9:12 am Oz(Q)
You mean the “OneExchange”, which is owned and operated by…. OneCoin.
Basically OneCoin affiliates invest in tokens on the promise of an implied greater ROI than what they deposited. The tokens are Ponzi points, tacked onto a recruitment-driven scheme to market them.
Mar 18th, 2015 at 10:00 am K Chang(Q)
Money doesn’t multiply merely by getting exchanged.
Mar 18th, 2015 at 5:44 pm Terry(Q)
So again I can see where the histories of allan and greenwood are out there. But does anyone have anything specific on Dr. Ruja?
So far it seems like a no. And so far no one has said they worked together in the past.
As was stated could she have been fooled by allan and greenwood? Is that not a possibility if they have not worked together in the past?
I dont see anyone guaranteeing a 80x times payment. Bitcoin is brought up as the prime example. I would think anyone trying to get a CC off the ground would do this.
The criticisms are fair though. Until they open up the mining for third parties to look at and take part in it cant be seen as a cryptocurrency.
Mar 18th, 2015 at 5:58 pm Chrille(Q)
No I was talking about exchanges like cryptsy, btc38, kraken etc. Not the One exchange.
And my next question is, if this is a scam, why have the opened big mining farms and 3 offices? Wouldn’t that be stupid to waste the scammed money on that then?
I have close friends that was on site at the farm launch and start, so they have seen it with there own eyes.
Mar 18th, 2015 at 5:59 pm Chrille(Q)
No but the value of a thing is calculated after the demand of it.
Mar 18th, 2015 at 6:29 pm Martin(Q)
Will OneCoin be released for public exchange? I agree, it has to be opened up for third parties.
Mar 18th, 2015 at 6:44 pm Boris(Q)
Comedic evidence in its purest form. Have your friends degrees in Information science or mathematics? Did they know what real mining farm looks like?
It is easy to pull wool over your eyes with tech stuff, if you have no idea what real thing looks like.
And do not get started on offices. You can rent office for few days, put your company name over receptionist’s desk and be gone by the end of weekend. It not like it did not happen before in ponziland.
Mar 18th, 2015 at 7:07 pm Chrille(Q)
haha maby not degree in science or mathematics, but I trust their judgement. And of course if you want to do a real big scam you have to go all the way,
Mar 18th, 2015 at 8:12 pm M_Norway(Q)
That will need to be about “demand in a normal market“, and it can’t be used on any type of product. You can’t use that idea on currencies.
Demand in a market will only affect the price. It won’t affect the value. People can accept highly inflated prices, but that doesn’t mean the product has become more valuable.
A gold coin will not be worth twice as much if people pay twice the price for it. It will still be worth exactly one gold coin. So the value of a gold coin will not be affected by the price.
INTRINSIC VALUE
Gold coins have an intrinsic value, e.g. the cost of mining gold, refining it into high grade quality, minting it as coins, sales and distribution costs. Gold has also been recognized as valuable for more than 5,000 years.
A gold coin will not rise in value if you add additional costs to it, e.g. if you recycle it as scrap metal and mint a new coin out of it. Only the necessary initial costs will add any value. Unnecessary costs will not add anything to the intrinsic value.
That’s where Bitcoin will fail. Mining costs are not really necessary for the function of a currency. The value of a currency can be found in its function rather than in the currency itself, e.g. the function as a legal tender.
Intrinsic value isn’t really necessary for a currency. A $100 note will not be “worth” more if they make it twice as costly to produce, it will still be worth its face value.
Mar 18th, 2015 at 9:06 pm M_Norway(Q)
You have relatively poor understanding of the relationship between price and value. They are not directly related. The price can be heavily inflated or deflated while the value may remain unchanged.
Mining costs will not add any value to a currency. The value of a currency can be found in its exchange rate in a normal market, that you can exchange it for goods or services or other things of value.
The currency itself will normally not hold any intrinsic value, e.g. a $100 bill will only cost a few cents to produce. It won’t be worth more if you increase the production costs either.
Mar 18th, 2015 at 9:30 pm Chrille(Q)
correct me if I’m wrong, but I still think you are wrong. The more demand of a currency will make the price rise as a lesser demand will make it go down.
If you take BTC value as a example, when the world started to find out about it’s existens and people wanted BTC, it went up the roof in price.
Equals the more demand the higher value. It’s the exact thing with gold.
But as I said, correct me if I’m wrong. It’s just my thoughts about it.
Mar 18th, 2015 at 9:33 pm Chrille(Q)
But of course the whole deflate and inflate of the currency depends of it’s number in existens. It’s like Germany when the d-mark was high but worth almost nothing.
Mar 18th, 2015 at 9:54 pm Oz(Q)
@Chrille
Your friends took the bait. If enough people take the bait it’s clearly not a waste of money.
I do agree with the stupid sentiment though, as applied to both OneCoin and your friends.
This is quite obviously a Ponzi scheme pegged to points that have no inherent value outside of OneCoin. The only artificial value pegged to the points is the investor funds OneCoin choose to pay out.
Mar 18th, 2015 at 11:48 pm M_Norway(Q)
That idea is a commercial idea. It can work for some products, e.g. people can be willing to pay a higher price for a “highly sought after product”. People may line up in queue to buy Apple’s new iPhone model.
It can work for some investments too, e.g. people were more eager to buy gold when the prices were rising. But that’s a change in price rather than a change in value.
Investments are typically based on expectations, e.g. people were typically more willing to pay a higher price for gold when they expected the prices to continue to rise.
Mar 19th, 2015 at 12:05 am Chrille(Q)
But if you look at it this way instead, hypothetically speaking, if this isn’t a scam and there will be a Onecoin, a real cryptocurrency to useA coin with many of the advantages that bitcoin is missing.
Like its traceability, safety, non open source until all coins are made etc. This in turn can possibly makes the world bank system to recognizes this as a legal currency in which they are willing to use.
From that perspective, the idea of Onecoin brilliant, if it is legit!
The earth will have one cryptocurrency in the future, that are accepted by all the systems, the only question is which and what is required. Bitcoin has too many drawbacks, that makes that it will never be 100% accepted, it will probably never die out either, but I don’t think it’s going to be the big one.
That is possible?
Mar 19th, 2015 at 8:05 am Oz(Q)
@Chrille
When you establish a business on Ponzi point fraud, whatever you develop is always going to be bogged down with Ponzi ROI liabilities.
You can’t just “look at it this way” and ignore that foundation.
Mar 19th, 2015 at 1:02 pm Terry(Q)
If Bitcoin worked (and no one seems to have a problem with it) then a variation of it will work as well.
Time will tell with OneCoin. If not OneCoin then I will look for the next currency.
Yes the sword is double-edged. The argument is solid. You keep the mining closed so you can control the growth but then others will say that it is just the excuse to conceal the fact that no mining is being done.
At some point the doors have to be opened and that cant be after all the coins are mined.
Mar 19th, 2015 at 1:03 pm Terry(Q)
@Chrille. Have your friends seen the mining operation itself? The servers if I can ask? Have they met the tech guys and programmers?
Mar 19th, 2015 at 1:03 pm Oz(Q)
Not one attached to a Ponzi scheme.
No, the business model will. And it’s rotten.
Anyone who tells you otherwise has already invested and wants your money.
Mar 21st, 2015 at 3:39 am hoss(Q)
What if a 350 ton, easily recoverable pure gold meteorite landed in Nevada. What would that do to the intrinsic value of every other gold coin and bullion bar in existence?
Mar 21st, 2015 at 5:05 am M_Norway(Q)
It wouldn’t have much effect, neither on the price of gold nor on the value. 350 ton is less than 1/10 of the yearly demand, and about 0.2% of the total over-the-ground supply of gold.
It could potentially have brought the prices down 10% for a short period of time, but the long term effect would have been de minimis.
Mar 21st, 2015 at 5:37 am hoss(Q)
How about a 350,000,000,000,000 ton pure gold meteorite that landed in Nevada. What effect would that have on the “intrinsic value” of gold.
Mar 21st, 2015 at 5:48 am hoss(Q)
You are talking about price, Before you were talking about something you called intrinsic value. So are you now saying that price and intrinsic value are the same?
Mar 21st, 2015 at 5:54 am hoss(Q)
Read more: businessdictionary.com/definition/intrinsic-value.html#ixzz3UxrYuNpy
Mar 21st, 2015 at 6:59 am Boris(Q)
No big ideas that were attached to pyramid/ponzi financing model ever succeed. Not a one.
Also, if idea is great, it would make returns from its implementation in long time, not a short one. So expecting immediate reliable returns from any good investment is ridiculous.
And even best idea made reality would never be able to cover financing cost from ponzi/pyramid attached to it. It does not need to be attached to ponzi/pyramid.
You will always find investors willing to take reasonable high risk on expected high return without going overboard. That why we have established private investment system. And it works great.
Mar 21st, 2015 at 7:50 am M_Norway(Q)
That’s more than 200 million times the current over-the-ground supply of gold, a 26.2 km cube. It would have affected both the intrinsic value and the price of gold.
350,000 billion ton / 7 billion people = 50,000 ton gold per person.
I used value and price to show two different aspects.
You can increase the value of something by adding more value to it, e.g. you can upgrade an old house and make it become more valuable. But the price doesn’t need to follow the value, it can be affected by the demand in the market.
Mar 21st, 2015 at 8:28 am hoss(Q)
How could the gold meteorite have changed the intrinsic value of a gold coin that had already been minted? It couldn’t. Why? Because value is not intrinsic to begin with.
What IS intrinsic to gold is its material properties. Its value is always subjective, just like every other commodity, or currency… bit coins included.
Mar 21st, 2015 at 10:36 am anjali(Q)
what hoss! are you trying to kill the world this weekend! 🙂
Mar 21st, 2015 at 1:02 pm Joseph(Q)
OneCoin is the best opportunity. All current investors will become millionaires in 3 years.
Owner is the business women of the year. She is guiding us forward.
Why you all jealous? Come and visit our mining site in Hong Kong.
Don’t think everything is US is not the only legit companies. It’s poor thinking mentality.
Mar 21st, 2015 at 3:15 pm K Chang(Q)
One would think that mining site would locate the hardware where energy and bandwidth is cheap, rather than Hong Kong where it’s neither. Heck, it’s probably cheaper to run it out of Bulgaria than Hong Kong.
So clearly you’re not worried about your admin wasting your money, not to mention a coin nobody gives a heck (except you).
But it’s your money. You decide where you want to flush it.
Mar 21st, 2015 at 3:18 pm K Chang(Q)
And nobody would demand it because nobody would use it. The only way you’ll generate demand is by lying about its “potential”, and the potential doesn’t exist without demand. It’s bootstrap at best, fraud at worst.
Mar 21st, 2015 at 5:19 pm M_Norway(Q)
It isn’t about the value of one coin, but about the average value of over-the-ground supply of gold. 350 ton wouldn’t have affected the average value much, but it could have affected the price short term.
One gold coin will not rise in value if you add unnecessary costs to it. It will be affected by the average value of all the other over-the-ground supply of gold.
Bitcoin will fail there. Mining of Bitcoins isn’t a necessary cost that will add any value to the currency itself.
Mar 21st, 2015 at 6:12 pm Boris(Q)
They are in Honk Kong because it is relatively out of reach from US regulators.
I read recently that even people who were at the heart of Bitcoin rise believe that almost all current Bitcoin mining operations are becoming ponzis. It is also true about other “coin” mining.
And nobody jealous. And definitely nobody is going to become millionaire from your scam except from its owner.
Mar 21st, 2015 at 7:31 pm M_Norway(Q)
I don’t think we were talking about gold coins as “consumables” (goods or services)?
Gold in the form of bars and coins will normally be seen as an “assets class” more than a “consumable”.
You have derailed from the initial comments (e.g. post #28) about price versus value. I pointed out that value and price could be unrelated to each other, and used gold coins and $100 notes as examples.
Mar 21st, 2015 at 8:22 pm hoss(Q)
Your initial comment deserved to be “derailed” from. You attributed “intrinsic value” to gold coins because there is a cost to produce them, while ignoring the fact that there is also cost to produce bit coins.
In actual fact neither can properly be said to have “intrinsic value.”
Mar 21st, 2015 at 11:23 pm Joseph(Q)
Do you know anything about OneCoin before commenting about it?
You all have a feeling that you people in the west are the most genius people alive on this planet. Asian are better than you all.
Mar 21st, 2015 at 11:25 pm M_Norway(Q)
You can’t use “it deserved to be derailed from” as an excuse.
The initial discussion was about whether the demand for OneCoin would determine its value as an investment object. I pointed out that price and value can be relatively unrelated factors.
The fact that he’s paying something for OneCoin doesn’t mean the coins are worth something. People can be willing to pay for completely worthless items if they believe they can make a profit on the purchase.
Mar 21st, 2015 at 11:36 pm anjali(Q)
well this is a fresh ponzi argument! somebody please update the ponzi excuses handbook 101!
Mar 22nd, 2015 at 1:22 am Joseph(Q)
Time will prove you all wrong. OneCoin is the next BitCoin. Our owners are the best.
Mar 22nd, 2015 at 1:36 am Oz(Q)
Time doesn’t negate a business model.
The only effect time has on a Ponzi scheme is to bring on the inevitable collapse.
Mar 22nd, 2015 at 1:52 am anjali(Q)
are you innocent or dumb?
read through all the comments, to get an idea about ‘your’ owners.
tell us, Why your owners are the ‘Best’. c’mon, you can do it!
don’t make Empty Statements.
Mar 22nd, 2015 at 3:00 am hoss(Q)
Whatever it is, if it can be bought and sold for a profit then the item is not worthless.
Mar 22nd, 2015 at 3:32 am Joseph(Q)
Do you know what a Ponzi scheme is? You only know to call everything Ponzi scheme Ponzi scheme. That too by using a fake name. your writing is nothing for us. don’t think you decide the fate of every companies in this world. onecoin company will take legal action against you. Asia will beat America soon.
Mar 22nd, 2015 at 4:01 am K Chang(Q)
Lot of speculations there. But if that’s what OneCoin had taught you, it is doomed. After all, OneCoin is not HQ’ed in Asia… but Bulgaria.
Mar 22nd, 2015 at 4:09 am M_Norway(Q)
I was talking about “believing in a profit”.
A virtual currency will be worthless in itself in a normal market. But that doesn’t prevent it from having a function as an internal currency in a business opportunity, where people can invest in it with the expectation that it eventually will become a new Bitcoin and rise in value from a few cents up to thousands of dollars.
In ZeekRewards, people invested up to $10,000 per affiliate in worthless sample bids. The fact that people could make a profit didn’t make those sample bids become “valuable”.
Value can be completely unrelated to the price people pay for something. It can be completely unrelated to profit too.
Mar 22nd, 2015 at 5:48 am Whip(Q)
lol. scammer meltdowns when exposed = always funny.
Mar 22nd, 2015 at 5:52 am hoss(Q)
Huh? Wha? Bit Coin is a virtual currency and its convertible and trading under normal market conditions at $256 fiat. By comparison the Euro is trading at $1.06 fiat.
1 Bitcoin equals
2093.59 Norwegian Krone
So send me all your worthless bit coins, Euros, Dollars and Krone.
Jeeeeeeeeez and you wonder why you need to be derailed?
Mar 22nd, 2015 at 8:50 am Oz(Q)
@Joseph
Do you?
Claiming OneCoin isn’t a Ponzi scheme because “Asia will beat America soon” is cute, but your nationalism is wasted here.
Try addressing OneCoin’s Ponzi scheme business model chief.
Mar 22nd, 2015 at 9:02 am M_Norway(Q)
I was still talking about the OneCoin currency. It’s traded inside a network, and it doesn’t have any real value outside that network.
Bitcoin has a relatively low activity as a currency, or at least it had low activity when I asked people about it in 2014 in another thread. Wikipedia estimated daily retail transactions to be about 5,000 bitcoins per day (January 2015). That’s appr. $1.3 million per day.
Bitcoin will probably not have any long term value. A currency will get its value from being commonly accepted and being used as a transaction method by a huge number of people. Bitcoin isn’t there yet, and it probably won’t get there either in its current version.
Mar 22nd, 2015 at 4:31 pm Joseph(Q)
If Global Coin Reserve is not a scam, why do you say OneCoin is a scam? please explain if you can.
Mar 22nd, 2015 at 4:41 pm Oz(Q)
Sorry who said anything about GCR?
This article is about OneCoin. Any further attempts to derail will be marked as spam.
Mar 22nd, 2015 at 11:28 pm Joseph(Q)
Okay sir. I’m sorry.
can you tell me when I will lose my money in OneCoin?
Mar 22nd, 2015 at 11:39 pm anjali(Q)
when [or if] you will lose money and how much you will lose, depends on two factors:
– how long the scam lasts
– how many people you recruit under yourself
if you recruit enough people, and the scam runs long enough to pay you, hey! you may be a net winner.
but some of the people you recruit under you [family/friends/coworkers] may lose money TO YOU.
if this is acceptable to you, you may continue with your cavalier attitude.
Mar 22nd, 2015 at 11:57 pm Oz(Q)
When new investors stop investing and the invested funds run out.
Mar 23rd, 2015 at 12:18 am Joseph(Q)
But sir, there are billions of people in this world right? Company is bringing in more and more people day by day.
And even existing people are investing more. Like, I invested 3 times. So how will it end?
Mar 23rd, 2015 at 12:20 am Oz(Q)
This is a common Ponzi fallacy, as not everyone on the planet is interested in participating in Ponzi scams.
Like I said, when new investor funds slow down and the funds in reserve run out. The same as any other Ponzi scheme.
Mar 23rd, 2015 at 12:36 am Joseph(Q)
But sir, we don’t know if it’s ponzi scheme or not.
They say it’s big company and in dubai gold reserve will come and all. Owners are big people.
How can they cheat us? I don’t think it will happen.
Mar 23rd, 2015 at 12:39 am hoss(Q)
Great. Now try to get your money back. Throwing your money away is the easy part.
Mar 23rd, 2015 at 12:40 am Oz(Q)
It’s the Ponzi points model, as used by Zeek Rewards, attached to a cryptocurrency. Of course it’s a Ponzi scheme.
Affiliates invest in points (tokens), and according to how many points they have are then paid out a ROI if they cash out.
This ROI is funded by newly invested affiliate funds, making OneCoin a Ponzi scheme.
What they say is irrelevant. They’ll say anything to get your money.
Look at the business model, that’s all that matters here. New affiliate funds flow in and are used to pay off existing investors.
Mar 23rd, 2015 at 12:47 am Joseph(Q)
I buy a dozen soups from a whole seller. If I have to get money, someone should buy from me right? At a higher rate.
If that’s a ponzi scheme, everything in this world is a ponzi scheme right?
Mar 23rd, 2015 at 12:48 am Oz(Q)
It isn’t, and you’re wasting my time.
If OneCoin start selling soup from wholesalers, your derail attempt might be relevant. Seeing as they don’t, it’s not.
Mar 23rd, 2015 at 12:54 am Joseph(Q)
No sir, I’m just saying.
I’m buying something and selling it to someone else. That’s simple business right. That’s what happening in this world. People buy and sell, sometimes makes profits, not loss.
OnCoin is a revolution in the global market. People will come and buy it because it will be good for the future. Who knew in 2009 that BitCoin would be so successful?
Mar 23rd, 2015 at 12:55 am Oz(Q)
That’s all very well, but has nothing to do with investing in Ponzi points and getting a ROI on those points, paid out of newly invested affiliate funds.
As per its business model, OneCoin is a Ponzi scam. Period.
Mar 23rd, 2015 at 3:42 am K Chang(Q)
Not in OneCoin you’re not. You buy something, then if someone else (recruited by you) buy something you get “commission”. You don’t sell him anything.
At least get your own story straight before you attempt to use it as “rebuttal”, else you end up looking scatter-brained.
Mar 23rd, 2015 at 4:21 am Joseph(Q)
You all are very knowledgeable people. Why government taking no action then?
Will we all lose our money? what should we do now? Please tell.
Mar 23rd, 2015 at 10:20 am Oz(Q)
You’d have to ask the government of… Bulgaria is it? Not exactly known for tackling Ponzi fraud.
Of course OneCoin being registered there (even if in name only) is no co-incidence.
Do whatever you want. BehindMLM isn’t here for personal investment advice.
Mar 23rd, 2015 at 10:47 am anjali(Q)
what is the refund policy of onecoin? try asking for a refund.
since the ‘owners’ are such ‘big people’, you refund should not hurt them.
Mar 23rd, 2015 at 11:04 am LB(Q)
Then why am I paying $9.99 for my behindmlm gold membership?
Mar 23rd, 2015 at 11:19 am Oz(Q)
Shhhhhhhhh. The first rule of BehindMLM gold membership is that you…
Mar 23rd, 2015 at 3:25 pm Terry(Q)
OneCoin said from the beginning that the coins were worth nothing just like any cryptocurrency.
No you do not have to bring in any members actually. In terms of the leaders nigel allen was let go and so far on this board no one has connected ruja to anyone in terms of a sorted past.
Even the link on youtube that was referenced has been taken down.
Money can be made with the MLM structure and I have no problem with that.
OneCoin talks about short and long term strategy. Many act as if this has not been discussed with the company.
Other CCs start because they want to be just like Bitcoin so what is wrong with OneCoin saying the same thing.
Mar 23rd, 2015 at 3:32 pm Terry(Q)
@Joseph That being said OneCoin needs to open up its mining to outside verification and soon or it will crash and be seen as a ponzi scheme.
Mar 23rd, 2015 at 3:36 pm Terry(Q)
@Boris “Also, if idea is great, it would make returns from its implementation in long time, not a short one.” OneCoin talks about a 1-3 year plan.
Mar 23rd, 2015 at 5:36 pm K Chang(Q)
By convincing people they’re buying something that’s currently worth nothing, and will likely to continue worth nothing… or it may go up a little in value… or a lot.
But who buys into a cryptocoin that nobody uses? At least some merchants take Bitcoin, and exchanges take Dogecoin… and maybe Litecoin. But anything else? Meh.
Mar 23rd, 2015 at 8:36 pm Boris(Q)
One to three years is really short-term implementation.
Most startups are hoping just to develop idea to sell it to larger company in three to five years. And this is not even startup.
Mar 23rd, 2015 at 8:43 pm Boris(Q)
Even at best, onecoin, is a speculative investment. And in US you can not have MLM with any kind of investment. So money can not be made legally with MLM structure here at all.
Mar 23rd, 2015 at 9:26 pm Joseph(Q)
(Ozedit: Any further non-MLM related derail attempts will be marked as spam.)
Mar 23rd, 2015 at 9:34 pm Boris(Q)
I smell fake Dr. ( Dr. Ruja Ignatova). For somebody who has Dr. degree from Oxford she has almost zero Internet presence other than this “MLM”. How likely is that?
And if you check her G+ page it said she “attended Oxford University”. This is not the same at all with all claims of Dr. degree.
You can take one year undergraduate study at Oxford and legally claim “attended Oxford University”.
If you check her guest German LinkedIn page you will see sligtly more. “Independent Coursework Harvard Negotiation Course at Harvard University”.
Again, possible one course in top University. How to check its validity? Unknown.
Should be she listing her top degree over one independent study course on LinkedIn? Definitely. Could she just taken it online? Somebody with better knowledge should answer.
———————————–
Now I had to seat through her Interview to 34th minute to get the some info.
They are not selling cryprocoins, just the right to mine one coin. So this is “MLM” that has zero product and they are selling speculation that they may once have a product that will have speculative value. So they are selling speculation of speculative investment.
I have zero confidence that her degree is real or she just did not assumed identity of real Ruja Ignatova who has some papers back in 2005, but I have 100% confidence that this is not going to fly with US regulators.
She also have book on personal development. But it is conveniently available in Chinese only.
Mar 23rd, 2015 at 10:14 pm anjali(Q)
totally. this woman has too impressive a biography to be true.
she finished her law education in 2 years instead of 5. then she went and got a doctorate [subject not revealed]. then she has studied at oxford. and to keep it fair, she studied at harvard also.
she worked for mckinsey&company, and they fell so hard for her, they offered her a partnership!
moreover she ‘agrees’ with ‘bill gates’, y’know, like how peers agree with each other ! 🙂
and her book! did you say it is in ‘chinese’ boris? i didn’t find that. but if it is true, then a bulgarian/german lady writing a chinese book while agreeing with bill gates, suggests her gene’s are of an alien variety.
there is lot of info on this FB page, along with photos, gushy mushy boggle eyed reportage from her fans:
facebook.com/766500173402431/photos/a.836258183093296.1073741828.766500173402431/905216542864126/
Mar 23rd, 2015 at 11:00 pm M_Norway(Q)
She’s extremely vague about her education and work.
Mar 23rd, 2015 at 11:21 pm M_Norway(Q)
If a part of her story is correct, she may have passed the first “Staatsexamen”.
Mar 23rd, 2015 at 11:40 pm hoss(Q)
If part of her story is correct she may have failed her first Staatsexamen…or never have taken it at all.
Mar 24th, 2015 at 12:19 am M_Norway(Q)
From the tumblr page:
She never finished her law education. “She quickly realized that she didn’t like laws”, after 2.5 year university education, teaching law, etc. 🙂
Her book?
Mar 24th, 2015 at 3:08 am Glenn(Q)
At least she worked for McKinsey.
mckinsey.com/insights/financial_services/at_a_crossroads_corporate_banking_in_eastern_europe
Mar 24th, 2015 at 8:48 am Boris(Q)
Basically during her interview, interviewer showed her “book”. It looked Chinese and he said it was in Chinese. But since I do not read Chinese, it may as well being some random book in Chinese language.
Mar 24th, 2015 at 9:09 am Boris(Q)
rujaignatova.tumblr.com
I am not the one to call for orthographic mistakes, but come on. When you have worked for McKinsey & Company and are a graduate of Oxford, you do not “work for” the banks while you are consulting them, you “work with” the banks. The same way you can not sit in two chairs at the same time.
———————————————————-
Also you want me to believe
cryptoreal.com
This off the shelf script website that was registered less than a year ago belongs to the fund with 100 million dollars?
Or as website explains it is not Investment Trust/Trusts at all. It just represent some Honk Kong cryptocurrency called BigCoin which supposed get to 100 million dollars “capitalization”.
This lady does not know how to stop bullshitting.
Mar 24th, 2015 at 9:32 am Oz(Q)
@Glenn
Consultant = employee?
Apr 1st, 2015 at 8:34 pm Sebastian GreenWood(Q)
Please read the latest on onecoin.eu which in reality owned by Sebastian Greenwood, and John NG, in Fact Dr. Ruja Ignatova is Sebastian lover 🙂
Dubai event is goign to be hosted by our Guest Speaker:
Staffan Liback, Welcome
Fabrice Kerhervè OneCoin comp plan
Steinkeller brothers Vision
Read more at:
(Ozedit: Link to affiliate marketing blog removed) Link to webinar: onecoin.enterthemeeting.com/m/H4BY4CFA Time: 11pm Hong Kong time
Apr 1st, 2015 at 8:40 pm Oz(Q)
So they began to run out of ROI funds, and now are looking to milk Conligus affiliates.
Conligus is a Ponzi/pyramid hybrid in and of itself, and wasn’t it only a short time ago another scheme attached itself to it?
Guess there’s a bunch of Ponzi admins working in cahoots here.
Apr 1st, 2015 at 9:38 pm M_Norway(Q)
That’s my impression too, but from the MCoin thread (ByXpress MCoin Coinsrace AdOnXpress), and from the LEOcoin post there.
You will probably find a lot of people with positions in multiple crypto currency schemes at the same time, e.g. as “leaders” in one scheme and as “members” in other schemes.
It can be compared to Carlos Costa having a position or an “investment” in BBOM. It doesn’t need to be as an “ordinary member / investor”, but he could still have some type of “position”.
Apr 1st, 2015 at 9:53 pm anjali(Q)
i think it’s high time, that a list of perpetual ponzi players, be made available on the internet, and sites such as behindmlm, patrickpretty.com, realscam.com and a host of other similar sites.
we see some top players going from scheme to scheme shamelessly, like faith sloan, sann rodriques, hitesh juneja, and hundreds of others.
when the public sees these names, in the scheme they are about to join, it will be like a prewarning system – oh sloan is here! surely a ponzi!
we can beat fantano mafioso at this ‘blacklist’ game!
Apr 1st, 2015 at 10:32 pm Boris(Q)
Exactly, Dr. Ruja Ignatova (fake doctor) is leader here, and member of BigCoin scheme that have to caught on yet.
Apr 1st, 2015 at 10:37 pm Boris(Q)
This is a very dangerous game. You can not imagine number of lawsuits, google delist requests and so on against blog that will post such list.
Ponzi players are like snakes. So far they are biting mad when you just point to them. Imagine what they would do if you actually step on them, all of them?
Apr 4th, 2015 at 4:04 am BIGCOIN(Q)
For All of you, I like to share some information with you:
Dr. Ruja and Sebastian Greenwood met up in Indonesia, while Sebastian was COO of Bigcoin that was ran by John NG, former Global Director of Sitealk.
Dr.Ruja was the Master Mind behind helping to hide over 280 Million USD for John NG, in countries like Indonesia, Thailand, Cambodia, and few other one that If I mention, They would know my Identity.
She also did loads of legal work for John NG, but it get sweeter, Sebastian Greenwood and Dr. Ruja are lovers and that is the reason his wife from Sweden divorced her.
And he actually with John NG are behind the whole operation of ONECOIN, it is a exact copy of BIGCOIN in HK.
Nigel is Sebastian Best friend, and based on my knowledge they have so far gathered over 120 Million Euro from ONECOIN operation and at the present time.
Dr. Ruja and Sebastian live in Bulgaria. this will continue. I will add more post in a very near future, Stand by guys.
Apr 4th, 2015 at 9:45 am Boris(Q)
In which countries is she allowed to practice law, if any?
Personally from what we saw so far, I highly doubt that she has law degree (maybe in Bulgaria) or any high degree.
More believable is that she made up schemes and used local shady lawyers to cover her illegal activity.
Apr 4th, 2015 at 9:50 am Boris(Q)
Serial schemers rarely innovate. They just reload the same scam over and over or move it from one country to another under different name.
From what little can be found on Bigcoin, I have to doubt that this statement can be true.
Apr 5th, 2015 at 7:26 pm Jax(Q)
To me it looks like Nigel is still involved in the company…
at least he still is promoting it.
Apr 7th, 2015 at 9:16 pm mari123(Q)
Recently I have found myself researching the legitimacy of Onecoin as my husband and I were contacted by an affiliate via social media and I would like some insite on a few things.
Onecoin claims to be the future of crypto currency because it will be placed on a visa/master card and the simplicity of needing to carry around cash and tons of cards in your wallets will no longer be an issue.
Technology is on the rise and so it would make sense to create something as such.
Is this crypto currency really the future if a group of people truly have perfected the “bitcoin” idea in a way that would not only be successful but sustainable long term as well?
Claims that they are in the process of doing business with well known fortune 500 companies are being made.
Apps like Snapchat have recently added a feature where money is easily transferable from user to user- using card information. Is crypto currency similar to this idea??
Apr 7th, 2015 at 9:22 pm Oz(Q)
@mari123
The concept of a cryptocurrency might work, but not when it’s attached to a Ponzi points business model.
Anything OneCoin tell you serves no other purpose to get you to invest funds, so that an earlier investor can withdraw it.
That’s what separates them fromn otherwise legitimate cryptocurrencies (within the confines of existing laws).
Apr 7th, 2015 at 9:29 pm mari123(Q)
Also, Onecoin claims that within months the value per coin has gone from $.10 to $.50 and is continuing to rise.
I would just like an explanation of what this really means if schemes only increase price rather than value of products.
Apr 7th, 2015 at 10:13 pm Oz(Q)
It means people are still investing in the scheme, and withdrawals haven’t exhausted their reserve yet.
The Ponzi points model encourages re-investment and issuing of monopoly money, this prolongs the inevitable collapse but eventually it will happen.
Apr 8th, 2015 at 12:39 am M_Norway(Q)
Commercial value / investment value can be about what you reasonably can expect to sell something for in a normal market.
Liquidity will be about how easy it will be to sell or to “convert to cash” in other ways.
They all claim to be the future of something. They will most likely fail.
The claim about being placed on a VISA / MasterCard is most likely false and misleading. VISA and MasterCard can only handle real currencies, and none of the crypto currencies have been recognized as that.
The part about “normal market” is important.
Your investment will be rather illiquid if you only can sell it to other members of a network marketing opportunity. The investment will be worthless if the recruitment of new investors slows down.
Bitcoin managed to get accepted by multiple merchants because of lower costs and no chargeback options. But it has failed to be accepted by users in general.
Apr 8th, 2015 at 2:41 am mari123(Q)
Thank you for your valid points and insite @Oz and M_Norway.
Apr 8th, 2015 at 5:36 am M_Norway(Q)
@mari123
We have reviewed several MLM crypto currency opportunities. None of them have been about long term investment.
The investment component will simply make it easier to recruit people, i.e. recruiters can use the argument “You don’t need to recruit anyone or sell anything” or arguments about “Watch your money grow”.
UFUN UToken promised 10,000% ROI to early investors over 4 years.
NOLINK://behindmlm.com/mlm-reviews/ufunclub-review-utoken-digital-currency-investment/
LEOcoin used photos of Danny Alexander MP in marketing.
I tried to use the “Search” function on this website, searching for “Bitcoin mining”. I found at least 2 other virtual currencies.
Apr 8th, 2015 at 6:48 am hoss(Q)
en.wikipedia.org/wiki/List_of_cryptocurrencies
Anyone with the right skills can issue a digital currency.
It can be compared to issuing bonds with zero interest rate, no real security behind them and thus no real obligation for the issuer to pay back the amount.
This means that the issuer who succeeds in selling his currency to other users, can earn a great deal of actual money at the expense of his users.
Apr 8th, 2015 at 9:16 am santa(Q)
Those crypto currencies are a hype. Look at Bitcoin: wealthy one moment, wealth gone within minutes, because of the insane price fluctuations.
Let’s keep telling each other that it will save you from the downfall of Euro and Dollar and the sheep believe it.
The newest one has just surfaced, Crypto888, online casino with….yea right, their very own crypto currency..
Apr 8th, 2015 at 6:46 pm M_Norway(Q)
When you’re looking at investments, it can be wise to separate between PRICE and VALUE, and try to identify some “real world value factors” you can identify clearly.
PRICES can more easily be affected or “manipulated” in the short term, e.g. “pump and dump” in the stock market, financial bubbles, the price of products (some products may sell better if the price is high enough to make the product feel more “exclusive” and “less affordable”).
VALUE is the long term factor, e.g. a house can rise in value because of many factors. You can upgrade the house itself. The neighborhood can be upgraded and affect the overall value. The infrastructure in that area can be upgraded.
A house can also decrease in value, e.g. because of lack of jobs in the whole district.
VIRTUAL CURRENCIES
A currency will get its value from being commonly accepted as a medium of exchange and as a method to temporarily store value, and that it has a relatively stable exchange rate towards other commonly accepted currencies.
The “commonly accepted medium of exchange” should preferrably be about normal trade in a normal market. The more limited uses the currency has the lower the “real world value” will be.
BITCOIN
Bitcoin has mostly attracted miners and “speculants”, people hoping to profit from the currency itself. It hasn’t been commonly accepted in trade by ordinary consumers. It has been accepted by some merchants, but not as a primary currency. It has primarily been accepted in “black markets”.
All in all, the “real world value” is currently low. The users themselves have actually lowered the “real world value”, but the price is currently high.
VIRTUAL CURRENCY + NETWORK MARKETING
Virtual currency + network marketing should automatically translate to be a type of fraud. The primary function of network marketing is to pay participants for the recruitment of other participants.
The currency itself won’t hold any “real world value”, its value will be about how attractive it can be to investors on a temporary basis. People can make real money on the currency itself if they can sell it at a higher price to other investors. They can also earn recruitment based commissions if they recruit other investors.
A virtual currency can be sold if you can get people to believe it will rise in price and value, e.g. that it eventually will become a commonly accepted medium of exchange outside the network itself.
“SOCIAL PROOFS”
“Social proof” is about arguments used to mislead people, e.g. people may look at how “successful” something has been in the past and accept it as a “proof” that it also will be successful in the future.
“Social proofs” will mostly affect the short term PRICE, e.g. people can be willing to pay a high price because they expect that others will pay an even higher price when new functions are added in the future.
People can pay a higher price if it looks like the project is being organized by qualified people. Sometimes that idea is correct, but most often it isn’t.
If you can detect many “social proofs” but the “real world value” seems to be low, then you should probably stay away from the investment or product (as an investor or consumer).
But it will be different if you know that you’re joining a recruitment based opportunity and your intention is to recruit other investors or consumers. Those “social proofs” may actually be needed to make other people believe in the investment or product.
Apr 8th, 2015 at 7:48 pm M_Norway(Q)
The primary function of the OneCoin network seems to be about “operating a network marketing system, where investors can be paid for the recruitment of other investors”.
Virtual currencies can be created out of thin air. It will only require an initial investment in some software to manage some virtual balances and to gradually increase the price.
It means that more money can be invested in marketing efforts and recruitment rewards, efforts to make the scheme grow.
Apr 8th, 2015 at 8:53 pm hoss(Q)
It seems to me that the primary function of the network is to sell cheaply “minted” Onecoins at many multiples of what it cost to “produce” them and it is so profitable that mega incentives can be paid to anyone who brings in new buyers.
Apr 8th, 2015 at 9:11 pm M_Norway(Q)
Most financial institutions do not classify Bitcoin or other digital currencies as “currencies”.
Money has 3 primary functions:
1. Medium of exchange (in trade).
2. Store of value.
3. Units of accounting.
A company cannot mix virtual currencies with real currencies in financial statements. Any amount stored as bitcoin must be listed as “goods” or “commodities” or other relevant unit, as something that can be sold in the future in exchange for money.
NOLINK://en.wikipedia.org/wiki/Bitcoin#Classification
Bank of China:
“Not a currency, but a target for investments”.
Financial institutions like VISA / MasterCard or banks cannot mix virtual currencies with real currencies either, so bitcoins or other virtual currencies will need to be traded through “other channels” than financial institutions.
Many of the claims made by companies selling virtual currencies can simply be ignored. It’s highly unlikely that VISA or MasterCard will accept payments in OneCoin or any other virtual currency. It’s highly unlikely that normal merchants will accept it as a primary currency.
PONZI SCHEME DISPUTE
Bitcoin is not considered to be a Ponzi or pyramid scheme, but that doesn’t mean all the other virtual currencies will go clear.
NOLINK://en.wikipedia.org/wiki/Bitcoin#Ponzi_scheme_dispute
All the network marketing currencies I have looked at have clear signatures of being schemes.
Apr 8th, 2015 at 10:04 pm anjali(Q)
the world bank has opined that bitcoin is not a ponzi, so has the mecca of banking, switzerland. several leading world economists however, hold the view that bitcoin is a ponzi which will collapse to a zero value.
bitcoin is not catching on in the ‘retail segment’, it’s acceptability is still quite marginalized. i think, if it does not ‘take off’ as a popularly used cryptocurrency, it may fade away in value and die?
it’s clear the world needs a strong internationally accepted cryptocurrency, bitcoin may go down in history as ‘the one which almost got there’.
but, onecoin etc are like cheap chinese replicas of the ‘real thing’, and merely an excuse for a ponzi scheme. every second ponzi wants a ride on the crypto currency fad train!
there’s no way such a currency will have any value outside of the participants of the scheme. such currencies need to be filed away, in the round file at the bottom of your desk.
Apr 9th, 2015 at 12:07 am M_Norway(Q)
The primary function is to attract money from passive investors and income opportunity seekers.
The cryptocurrency itself doesn’t really have any “real world function” or any “real world value”, but investors can be tricked to believe it will get those functions in the future.
Since the crypto currency only is traded inside a closed network, the PRICE can easily be manipulated to look like an increased value of the investment.
Apr 10th, 2015 at 12:14 am Blue(Q)
Dr Ruja Ignatova was and may still be affiliated with Kristian Helgesen and Jarl Moe (aka Jarl Adelsten) , two notorious con artists on the run and believed to be in SE Asia.
Anyone want to try and verify her “doctorate?” I tried seeing if we could verify it, but the universities seem to require a form and that the person you are requesting information on will be informed with permission being required.
It’s ridiculous that the universities make it so difficult for people to verify credentials. There should be a roster.
Apr 10th, 2015 at 1:48 am M_Norway(Q)
I was unable to find that affiliation?
Jarl Moe and Kristian Helgesen can be involved in many different things, but the information I found was too vague to connect them to Ruja Ignatova.
Apr 14th, 2015 at 2:37 am Blue(Q)
Sebastian Greenwood was involved in Loopium which recruited Jarl Moe and Kristian Helgesen to be investors, except those two instead of shoring up funds for Loopium, redirected investments into their shell company accounts. During this time, Ruja Ignatova was legal council to Loopium up until the point of liquidation.
Apr 14th, 2015 at 2:45 am technut(Q)
The connection is Sebastian Greenwood and Loopium
jarlmoescam.com/jarl-moe-in-the-newspapers/
facebook.com/OneCoin1/posts/555297707937675
Apr 14th, 2015 at 3:48 am M_Norway(Q)
@Blue
The information is too thin.
I tried to google “Ruja Ignatova Loopium”. I can find the World Law Direct thread (3 posts), the 3 LinkedIn profiles, this thread, and a Chinese blog. All in all 6 search hits.
Apr 14th, 2015 at 4:10 am K Chang(Q)
The Chinese blog cites WorldLawDirect, so it’s at best a secondary source. Meh. Not much here.
Apr 14th, 2015 at 4:17 am K Chang(Q)
Bloomberg don’t know anything about OneCoin. Must be irrelevant. 🙂
NOLINK://www.bloomberg.com/research/stocks/private/relationship.asp?personId=98233704&privcapId=42159034&previousCapId=42159034&previousTitle=Clever%20Synergies%20Investment%20Fund
Apr 14th, 2015 at 4:24 am K Chang(Q)
In 2009 Ruja’s merely a “local business consultant”… Wrote an article that doesn’t say much.
NOLINK://www.mckinsey.com/insights/financial_services/at_a_crossroads_corporate_banking_in_eastern_europe
Apr 14th, 2015 at 5:19 am M_Norway(Q)
She was a co-author, IIRC.
Jarl Moe and Kristian Helgesen have probably been involved in many things. One of them seems to have been involved in T5PC “The 5 Percent Community” in the early 2000’s, a Norwegian pyramid or Ponzi scheme.
Other than that, they seem to have been involved in investment scams (but not MLM or NWM), “tax advisors”, Forex trading and potentially gambling. I’m not sure about the last one, the term “involved in” isn’t very accurate.
Apr 14th, 2015 at 5:45 pm Blue(Q)
You may not find a quick Google search on the association of Ruja and Loopium, but there are legal documents with her name and business activity.
You need to pull real files, not just do a quick search.
She assisted in the liquidation process of Loopium through Cyprus, possibly WaveCrest (Financial platform), and the registration of an extremely short lived limited liability company called “Zooperium” (Fees paid by her) which was an attempt at a Loopium rebirth.
Plus, Ruja and Sebastian are linked at the hip anyway. With Sebastian being “CEO” of Loopium, of course Ruja will be around to weasel in some “legal expertise.”
Apr 14th, 2015 at 5:52 pm Blue(Q)
The LLC was out of Gibraltar.
Apr 17th, 2015 at 11:51 pm onecoiner(Q)
There will come a big cover on Dr. Ruja in Forbes Magazine any time soon
Apr 18th, 2015 at 4:25 pm Terry(Q)
onecoiner When will the article come out? Forbes magazine – I am assuming not in the USA. Is there a Euro based Forbes?
Apr 21st, 2015 at 5:59 pm Boris(Q)
You can not trust everything that her Facebook page says. She is a habitual liar.
Apr 24th, 2015 at 5:52 am T Rafter(Q)
Is Forbes really doing a cover story on Dr. Ruja?
Has anyone seen this or know when it may come out?
Apr 24th, 2015 at 8:58 am Whip(Q)
or if they can fake it on a website that has templates to do that sort of thing?
funny.pho.to/forbes/
Apr 25th, 2015 at 2:21 am Blue(Q)
I highly doubt Forbes is doing an article (and a cover feature at that).
Did you see those facebook photoshoot pictures? Amateur hour. It would be done in a controlled studio. Think of the humilation Forbes would get if they find out they featured a Ponzi scammer.
She is not revolutionary and every website that exists about her was made by her on free sites with no content; except the same recycled lies about her education and doctorate.
Until someone shows us proof that she did in fact receive a PhD through Oxford that passed the bar (which bar?) and has a legal right to call herself Doctor, then she is just a scamming thief in my book.
May 7th, 2015 at 7:30 am Jodi Dojnia(Q)
I am not one to jump to conclusions or even bash an mlm company. I am involved in some that others may also consider to be scams but for me they are working.
So we can agree to disagree. But I have also been scammed and have had to learn the hard way to make sure to do a better job with my due diligence.
When looking into a company and deciding whether it has potential or not I believe all of the information should be disclosed…good or bad. People then know up front what they are dealing with.
I have been approached with the Onecoin opportunity. Im not here to bash but to reveal what I have found out during the course of my due diligence.
I was also given the Forbes Magazine cover that is being pushed as proof that this is a great company. And Im not hear to say whether it is or isnt… just to reveal what I have found.
I called Forbes and was told that there has only been 3 woman featured on the international Forbes covers. I then specified that I was inquiring about the May 2015 Bulgarian cover. And the Onecoin owner Ruja Ignatova.
The woman at Forbes insisted that she was not on the cover. She then asked me to email the cover so they could verify if it was infact real. here is the response from Forbes:
As you can see from my correspondence with Forbes… Onecoin paid them to write about the company by taking out and purchasing ad space.
Now what Im having a hard time understanding is why they would do that if they were not trying to hype this up. But like I said, I am not here to pass judgement …just to inform others.
May 7th, 2015 at 9:23 am Oz(Q)
Thank you very much for forwarding that correspondence along Jodi, much appreciated.
May 7th, 2015 at 3:21 pm Raj(Q)
ONECOIN IS A SCAMMM.. I WAS USING MY ACCOUNT FOR 2 MONTHS AND NOW I’M NOT ABLE TO OPEN IT.
WHEN CONTACTED THEY SAID, IT’S BECAUSE OF TECHNICAL ERROR. 4 DAYS NOW, THEY HAVE SCAMMED ME. SPREAD THE WORD.
May 7th, 2015 at 4:33 pm Blue(Q)
Here is the cover for May. It’s Notch (Markus Persson) from Minecraft! Not Ruja.
forbesbulgaria.bg/wp-content/uploads/2015/05/Cover_49.jpg
Did you see the cover they posted on the onecoin facebook page? Such a bad photoshop and negative space.
facebook.com/OneCoin1/photos/a.518173371650109.1073741827.500131093454337/649451415188970/?type=1&theater
See it before they take it down!
May 9th, 2015 at 1:15 am Silvia(Q)
Hi all, I am Bulgarian and I was approached to join One coin about a month ago.
Well, I didn’t. But I did a research and it did not sound serious to me at all.
I want to tell you that on the 11.04.2015 appeared in the news that Ruja bought a house in Sofia for 4.2 million euros. It is in the news only because the house used to be a very famous restaurant.
Also this “business lady” of the year thing is not serious at all. There is such an event but it is just a PR thing.
May 15th, 2015 at 3:40 am Justin(Q)
how is this different then buying a stock that gains or loses value?
in other words a stock (which is legal to trade) gains value only because people are buying it and loses value when they sell.
May 15th, 2015 at 9:07 am Oz(Q)
@Justin
Stocks don’t take newly invested funds and use it to pay out >100% ROIs, whilst simultaneously claiming not to do that.
Ponzi schemes are illegal the world over for a reason.
May 16th, 2015 at 6:44 pm Blue(Q)
So what happened at the super exciting May 15th Dubai Event?
Their facebook hasn’t been updated since the 13th and people are now complaining that the credit card processor on the site isn’t working for about a week now.
The sheeps are now asking when they are going to be able to sell their positions.
I’m going to start making popcorn.
May 16th, 2015 at 6:57 pm anjali(Q)
this is what was posted on the official onecoin FB page on may 12th, 2015 :
the beginning of the end , Begins!
May 16th, 2015 at 7:52 pm Jerin(Q)
Nothing is going to end. Dubai Event marked the beginning of the new phase of OneCoin.
3000 members celebrated with OneCoin success and the birth of the AGC Gold Coin.
OneCoin will be more popular than BitCoin in the coming years.
If BitCoin can be successful, OneCoin can also be. No point in being jealous folks.
May 16th, 2015 at 8:22 pm anjali(Q)
yes yes why not.
meanwhile is the payment system upgraded and working again?
just saw the photos on the onecoin FB page. what’s with the shiny suits and golden gowns, i had to put on a pair of safety goggles!
May 16th, 2015 at 10:13 pm M_Norway(Q)
How do you know that?
OneCoin is currently only traded among members inside a network. That makes it similar to monopoly money, a currency that only can be used inside a game.
There’s no significant difference between OneCoin and monopoly money. The only difference is that some people seem to believe that OneCoin has some value, or that it eventually will get some value from something.
We can probably live with it. 🙂
May 16th, 2015 at 10:52 pm Jerin(Q)
More and more merchants will come soon who will be accepting OneCoin as payment mode. We all will be given Cards to carry our OneCoin and make payments easier.
Ruja is a lady with vision. Scammers don’t have visions. OneCoin will be traded to public also.
You can already see OneCoin is 3rd Position in the crypto world (Ozedit: link to bogus affiliate site removed, do not repost)
May 16th, 2015 at 11:26 pm M_Norway(Q)
Bitcoin isn’t very successful. To be successful, a currency must be commonly accepted by ordinary people as a payment method for goods or services. But that part has mostly failed.
Estimated daily commercial transactions in January 2015 was $1.2 million per day. There’s simply too little normal use of it.
It was “successful” as an investment for a short period of time, some months. But after that it has mostly been unsuccessful even as an investment (the price has dropped 75% from ATH).
May 16th, 2015 at 11:30 pm Oz(Q)
Like the other MLM crypto-Ponzies, the only merchants who will use OneCoin will be a token amount owned by affiliates.
Thanks for the laugh.
May 16th, 2015 at 11:53 pm Blue(Q)
That’s a Eastern European thing. Big gowns. “Dr.” Ruja has been into that in the many pictures I have seen of her.
Though, the first thing I noticed is no crowd shots of attendees. Also, the shots of Ruja and the other spokesman looks like they held still for a photo rather than a moving shot.
If this was in fact held in Dubai, it looks like a rented meeting room at a hotel.
May 17th, 2015 at 12:10 am Jerin(Q)
Haha.. rented room? More than 3000 attendees were there in Dubai. People form all parts of the world.
One World – One Currency
OneCoin will be a revolution. Bitcoin may not have been successful. But Bitcoin is not a Ponzi point. So what’s the point in calling OneCoin a Ponzi?
May 17th, 2015 at 12:12 am K Chang(Q)
Whether she has vision or not is not important. What’s important is that she has your money, and you’re unlikely to get it back.
May 17th, 2015 at 12:13 am Oz(Q)
Because, by virtue of its business model, it is one.
As such all you’re going to get are never-ending “will be” hypothesis. None of which will ever eventuate.
May 17th, 2015 at 12:14 am Oz(Q)
Confirmed: 9 out of 10 optometrists agree, Ruja Ignatova has vision.
May 17th, 2015 at 12:17 am anjali(Q)
yeah right, every ponzi thinks it’s gonna change the world.
…and then the ‘management’ takes everybody’s money and runs.
each time, every time.
so, is the payment system working Or Not?
answer the question, and save us the blather.
May 17th, 2015 at 12:19 am anjali(Q)
what! all that Gold didn’t Blind her??
May 17th, 2015 at 12:25 am Jerin(Q)
It will be working next week, it’s just a technical glitch. nothing serious. They took our money and gave us OneCoins. So we don’t lose.
And we all are sure that Ruja won’t run away. No way. She is a business women of the year. She have spent years studying about crypto currencies. And she has with her Mr. Sebastian who is a pro in networking.
And for your information – Forbes will not interview a scammer. You people will understand you are wrong in the coming months.
ONECoin is the BEST!
May 17th, 2015 at 12:29 am Oz(Q)
They took your money and gave you Ponzi points. Then the big investors withdrew your money, leaving you and the majority of later investors with nothing.
Dollar for dollar if everyone wanted to convert their Ponzi points into real money, OneCoin would collapse (funds invested not enough to cover Ponzi ROI liability).
They didn’t. Forbes confirmed it was a paid advertisement.
Ruja wrote up some PR friendly questions in MSWord, answered them and then paid Forbes Bulgaria to publish the doc in their classifieds section.
If you’re just going to keep spewing baseless marketing rhetoric, I think we’re done here.
May 17th, 2015 at 1:05 am Blue(Q)
“Business woman of the year” is rather generic. There are many higher quality candidates than Ruja to receive such a grand title.
Let’s just say the reason I am following this is because I had the opportunity for Ruja to grace my path. She wasted my time and my colleagues time while getting free work out of us attempting to figure out fast money. (Payment processing and gateway industry) In the conversations I had with her, she had no clue about Cryptocurrency or anything that wasn’t kangaroo-court MSWord legal documents littered with typos and errors. She only understands talking points and ways to avoid paying people.
What I want to figure out is her PhD and where she passed the bar. There must be some consequence in saying you received a PhD from Oxford when you didn’t. Or calling yourself a Lawyer if you are not. Of course she said she “attended Oxford” and received your PhD. Meaning she could have attended Oxford and bought her PhD online. She’s not wrong! You just didn’t read between the lines! Just like that paid fake Forbes interview. It’s in Forbes! It was an Interview.
Half truths are still lies.
May 17th, 2015 at 1:12 am Blue(Q)
Also Mr Sebastian Greenwood is a relatively known scammer who’s name is getting muddier more and more each day. Look up his affiliations: Unaico, Sitetalk, Prosper, Big Coin, and Loopium.
Why do you think Ruja keeps him hidden since the debut?
May 17th, 2015 at 1:25 am Jerin(Q)
LOLOL..He is in front of everything, True leader. He was the main host for Dubai Event. So you are totally wrong.
May 17th, 2015 at 1:38 am Blue(Q)
So it looks like they posted a video of the event. I’m rather impressed if the focus was 100% on OneCoin.
Can anyone else watch that and put in their two cents?
Was this a dedicated event or was it an event on various money making opportunities with OneCoin having a time slot in that presentation?
May 17th, 2015 at 1:54 am Onescamcoin(Q)
I did not see all the 3000 people of the Dubai-event on the youtube video Blue linked to?
May 17th, 2015 at 2:43 am anjali(Q)
firstly, i think the applause and laughter was ‘canned’. the shots of the audience did not show any ‘joie de vivre’.
secondly all the talk about ‘private’ one coin exchanges is just baloney, it doesn’t make the scheme any less ponzi.
ruja did not address the question of the stalled ‘payment system’. this is a signature tune of deadend.
onecoin is currently speeding into a deadend.
deadend deadend deadenddeadenddeadend….just like the pink panther signature tune 🙂
youtube.com/watch?v=D1tYijCe6tk
May 17th, 2015 at 3:02 am M_Norway(Q)
-270,000 members (expects 1.5 million members at the end of 2015)
-140 million OneCoins produced
June 1st:
-XCoinx exhange, limited volume, start price €1.05 per OneCoin
-Internal trade between members
-OneCoin can be used to buy “packages” (upgrade membership)
I don’t believe in the number of members. I believe the 270,000 members can be divided by 10 or 20 = between 13,500 and 27,000 members (I don’t know anything about the “splits”).
May 17th, 2015 at 4:16 am Ruja(Q)
On the video from the event in Dubai, i cant see the crowd of 3000 people that was supposed to be there?
May 17th, 2015 at 4:47 am George(Q)
I’ve been following this conversation for several hours now and all I can say is that I’m glad that I came across this thread.
Just a small info to my person: I’ve also been involved in this fraud organization by joining Conligus.
At least I was wise enough that I started with a basic package (50€) that I’d have had multiplied by approximately 420 times which makes 21.000€ in just (now hold on) 8 weeks.
I was all hyped up and in the meantime brainwashed that I eventually walked to my friends, relatives and even to my family members and told them full of excitement about this ‘amazing opportunity’ that would have changed my life 4eva.
In fact I could at least enroll 17 people in let’s say about 4 months being in Conligus (applause for this achievement ladies and gentlemen). Time passed by and day by day I lost my motivation and the outcome… (guess what) NOTHING. Not even a penny.
Then Conligus went down or how they tend to call it, they had to freeze all the commissions for a while which would’ve been paid out till the last penny to all the sincered Conligus members. BULLSHIT!!!
I still haven’t received any shit from them (not that I am still believing that I’d receive anything when the time pasts by).
Now all of a sudden the cooperation with OneCoin, which is supposed to be on top 3 cryptocurrencies by the end of this year. What I can say is that I made a mistake but I also gained an experience with this type of scam that probably everyone is being confronted with once in a lifetime.
For a moment I even was thinking about investing in OneCoin and waiting for one or two years until the price per coin raises about 50-100 euros.
But hey it’d have been even dumber if I’d have repeated the same mistake again. Once again my props to you guys for finally opening my eyes 🙂
Cheers
George
May 17th, 2015 at 10:00 am akshay(Q)
if they want to keep the Mining to themselves, why are they mining in the first place then.
Coming up with a complex algorithm with “N” number of solutions (2.1b in case of onecoin) and then spending money/time/manpower/infrastructure on finding those “N” solutions (mining coins) does nt make any sense.
I mean why not write a code that would simply give you solutions at a specific rate or in simple terms generate virtual coins at a certain rate which ofcourse you can control by factors/ parameters (eg. numer of members, ravenue earned etc).
Mining coins themselves and then trading them within their members internally does not make sense. ponzi or not , just not logical to me..
May 17th, 2015 at 10:39 am Oz(Q)
So basically nobody except OneCoin affiliates are interested in their Ponzi points.
Legit exchanges don’t want to get involved in Ponzi points so now they’re launching their own exchange.
As investors rush to cash out their accumulated points the schemes invested funds will deplete and then watch it collapse.
May 17th, 2015 at 11:33 am ed(Q)
WARNING WARNING WARNING !!! for the sheeple!! (this is the new UFUN)
Being closed source and having a hush-hush member-only distribution is the opposite of what crypto stands for. (red-flags all over – real crypto currency’s are open source)
THE WERE PART OF SCI (NOW KNOW AS saveway.de) AND SINCE SCI IS ABOUT TO DIE, THEY MAKE THIS NEW “COIN” (ITS NOT GOING TO BE A COIN, BUT INSTEAD YOU JUST BUY POSITION IN THERE PONZI SCHEME).
THE COMPANY BEHIND THE COIN IS OPENED IN BULGARIA (BULSTAT 201531600) WHIT 1 EURO AS THERE MAIN CAPITAL.
There is a listing of the 3 highest count token accounts on the OneCoin dashboard landing page. The top account had, as of Feb 1, over 185,000,000 tokens, which would yield over 46,000,000 tokens to just one account.
At the rate that tokens have been adding to that account, the account holder will have over 250,000,000 tokens very soon, and continue to add tokens progressively.
Here is my epiphany:
185,000,000 tokens would cost in excess of 23,000,000 euros.
There is not billionaire investing tens of millions of euros in OneCoin. So, who is this account holder then?
How about the owner of OneCoin herself, Ruja Ignatova. This makes perfect sense and also reveals a potential scam of all scams.
She has over 58,000 paying customers now, who have spent between 130 and 5000 euros for packages in OneCoin. That yields tens of millions of euros into her bank account from all those purchases.
Now the scam part. She is buying from HERSELF tokens and tokens and more tokens out of those funds. She is simply transferring her own money onto her own bank account and claiming ownership of OneCoin tokens. Are you getting this?
Think about this again:
People buy OneCoin tokens with real money.
The funds from those purchases with real money goes to Ruja’s bank account.
She then takes that real money and tells the OneCoin system that she is buying tokens.
She uses funds in her bank account to buy tokens which puts that money right back into her bank account…………
She will end up owning 25% minimum, to an even larger percentage that is truly unlimited, of the 1.2 billion OneCoins to be mined.
Can you say MONOPOLIZE?
Oh, and don’t forget that 100% of OneCoins are to be self mined. There will be no public mining. No open source.
And I highly doubt these coins will ever go to a public exchange – only OneCoin’s internal network exchange, where Ruja, and the other principals in the OneCoin organization, will pump and dump their coins on unsuspecting dupes who will buy into the hype and horseshit the marketing gurus in OneCoin are going to conjure up.
This is going to be an epic scam……………
By the way, they already have over 60,000 paid memberships. Their income from this scam could already exceed 40,000,000 euros.
By the time they cash out on the coins, they might clear 100,000,000……….. Talk about scammmmmmm.
May 17th, 2015 at 6:31 pm Blue(Q)
OneCoin’s facebook just referenced xcoinx as their exchange which is already known to be a fraud site. Half the website is in “coming soon” mode.
They claim to be above LiteCoin at position 3.
May 17th, 2015 at 6:33 pm Oz(Q)
I took xCoinx to just be a dummy exchange OneCoin set up after no real one would exchange their OneCoin Ponzi points.
I think the plan is to create the illusion of legitimate trading, with the hope that will convince other exchanges to start trading OneCoin.
May 17th, 2015 at 6:34 pm Blue(Q)
Look at the 7:10 mark.
May 17th, 2015 at 6:44 pm Blue(Q)
Well in the video he was talking from the side lines, he didn’t show his face.
Ruja seemed to be the host of that event clearly and the spokesperson for OneCoin. Sebastian’s name is used sparingly in texts. This is because of his bad affiliations.
May 17th, 2015 at 8:07 pm Jerin(Q)
Why? It’s a fact man. Just because you don’t believe it, doesn’t mean it is not true.
May 17th, 2015 at 9:31 pm Onescamcoin(Q)
If i look att the 7:10 mark i see at the most 200 people….NOT 3000 people…
May 18th, 2015 at 4:22 pm Blue(Q)
Yeah, you are right about there not being 3000 people.
I am also trying to determine if this was strictly a OneCoin event or if this was a shared time presentation with other opportunities.
The footage also seem to be coming from the “investors” and only stills being made by onecoin.
May 18th, 2015 at 4:32 pm K Chang(Q)
Doesn’t mean it’s true either.
May 19th, 2015 at 4:14 am Jerin(Q)
What will you guys say when OneCoin becomes successful and the best digital currency in the world? I’ll wait for that day.
Chinese government and UAEGovernment will be using OneCoin officially very soon. Agreement is already done.
May 19th, 2015 at 6:56 am Oz(Q)
That it’s a Ponzi scheme, same as it is now.
Lololol. That first surfaced 6 months, you’re a bit late on the regurgitation of whatever whoever convinced you to invest told you.
May 19th, 2015 at 8:25 am Whip(Q)
you’ll be waiting a long f’ing time. hold your breath while you do since you’re so confident. It’s going to be any second right?
May 19th, 2015 at 9:20 am M_Norway(Q)
“Shit! We missed that opportunity too. Why didn’t we listen to Jerin? He was right all the time”. 🙂
That was one possibility. Another one is five or ten years from now, “Have anyone heard anything from Jerin? He should return the day OneCoin had become the most successful and best digital currency in the world. Is he still waiting?”. 🙂
May 19th, 2015 at 1:46 pm K Chang(Q)
Don’t hold your breath.
China hates Bitcoin and any Cryptocurrency because it can’t be controlled by the central bank.
China banned any financial institutions and payment processors from processing Bitcoin. OneCoin or any other cryptomoney has NO CHANCE in China.
Read some REAL news rather than press release fiction, for once.
newsbtc.com/2015/03/06/bitcoin-chinese-law/
And this is considerably loosened from 2013 when China banned ALL cryptocurrencies. MyCoin collapse in Hong Kong 2014/2015 affected a lot of people and there was another wave of call for regulations.
You’ve been inhaling too much of Ruja’s helium. You’re starting to sound funny. Read some REAL NEWS instead of that fiction they’ve been putting out.
May 19th, 2015 at 5:04 pm George(Q)
Yeah, exactly like Conligus did become a revolutionary corporation. That’s their means to brainwash you, try to be objective, make your own research and don’t rely on that what you’re being told by their affiliates.
Now when I looked closer at Ruja I realized what kind of a bitch she is and all the workmanship behind OneCoin.
Better don’t waste your time that day will never come and OneCoin will never go to Public Exchange!!!
May 19th, 2015 at 5:20 pm anjali(Q)
agreement is already DONE?? did you see it? can you share it with us? please?
also, let us know when the payment processor starts up this week OK?
May 19th, 2015 at 10:54 pm Blue(Q)
Jerin seems to be a shill for OneCoin. He spews a lot of garbage that no common victim would have knowledge of.
“Chinese government already has an agreement in place to start using OneCoin” Yeah right. Give me a reputable source on that.
The is no reason the “Chinese” government needs to use virtual currencies at this stage, especially the obscure and sketchy OneCoin.
May 20th, 2015 at 4:26 am Jerin(Q)
Payment Processor is working as normal now for your information.
All you people have closed minds. Why can’t you accept something new? There are so many decentralised digital currencies in this world? Are all of them scams?
Dr. Ruja have spent years developing OneCoin. Why should she scam people when she can be the market leader in this industry in the coming years?
We have out mining pool in Hong Kong and new office opened in Dubai. Our Aurum Gold Coin is backed by REAL Gold. What is backing BitCoin? NOTHING! Still you all trust BitCoin.
I have done my research. So many people are joining One Network now. And we are officially launching in the US on July 4. You sit back and watch the rise of OneCoin.
May 20th, 2015 at 7:39 am Oz(Q)
@Jerin
There is nothing new about Ponzi schemes. The Ponzi points model OneCoin are using was pioneered by Zeek Rewards in 2012.
Only the ones attached to Ponzi schemes.
She didn’t develop anything. Paul Burks and friends came up with the Ponzi points model, Ignatova and friends just whacked a cryptocoin script on top of it.
So OneCoin will likely be shut down in the second half of 2015 then. We’ll be sure to provide full coverage of it.
May 20th, 2015 at 8:03 am M_Norway(Q)
You haven’t provided anything new. The fact that network marketing based on virtual investments might be new to you doesn’t mean it’s new to us.
You should have said “All you people have closed minds, you’re not open to slightly new variations of old BS”.
You will find several other Ponzi schemes reviewed here. Many of them have been shut down by authorities. Others have collapsed by themselves. OneCoin will most likely be added to one of those groups (and you will probably be added to the group “true believers, promised to come back”).
May 20th, 2015 at 8:21 am littleroundman(Q)
To be completely accurate, your statement should read:
May 20th, 2015 at 9:13 am M_Norway(Q)
I thought they had dropped that Aurum Gold Coin long time ago? It hasn’t been mentioned in a very long time. It didn’t fool anyone, so people stopped mentioning it.
May 20th, 2015 at 10:00 pm Blue(Q)
To be even considered a cryptocurrency, you need the following:
1. The algorithm (algo) must be known and the method reproducible (open source)
2. CPU Processing power. Since OneCoin doesn’t require you to have a computer to mine, how are they mining the OneCoins? Do they have huge mining clusters in massive data centers? If so where are they?
3. Critical Mass, you need enough people to use it in normal everyday transactions or at the very least exchangeable. Thus, requiring a registration at an exchange. (xcoinx doesn’t count as it is fake)
They claim they have nearly 300,000 members, yet only have 6000 likes on their Facebook and only a couple hundred views on their official videos on Youtube.
The numbers are inflated and there is nothing revolutionary nor innovative about what they do.
May 21st, 2015 at 4:45 am Jerin(Q)
OneCoin mining pool is in Hong Kong. Why are you asking this kind of difficult questions to normal people?
Dr. Ruja is doing everything for everyone to make money from this. So we don’t have to know the inner things about this, which is complicated.
Dr. Ruja haven’t scammed anyone before. So why do you say she’s a scammer? She is not going to run away with anyone’s money.
May 21st, 2015 at 7:01 am Oz(Q)
@Jerin
Because ignorance is not an excuse.
is the head of a global Ponzi scheme, by virtue of OneCoin’s business model. Whether you want to marry her or not is neither here nor there.
Ponzi admins do nothing but scam people, and in launching OnceCoin that’s exactly what Ignatova is doing.
May 21st, 2015 at 12:25 pm BEN(Q)
xcoinx.com sold for $2295 at crypto domains
a funny thing about this exchange, the volume so far:0….but market cap 165.000.000€.
you wanna hear som “trading limits” whe trading onecoin in it’s own network oneexchange??
open 15.6
max 50 coins a day
and 1.5% of the coin account can by sold daily
mo-fri —– I say happy trading!!
a have mad a review about OneCoin, it will be released this week. (a presentetion to present the company in real fact, not to sell it).
May 21st, 2015 at 12:35 pm BEN(Q)
1) Have you heard about Ignatovas IT team?? never!
2) Mining pools is total scam. People really think the are mining.
3) I have real numbers . There is 130.000 members in china, 65000 outside the world.
The number 280.000 is so fake.. The conligus team is a big reason to this. And over 100.000 members joined for free “reserving their places”.
May 21st, 2015 at 12:40 pm Oz(Q)
Ugh, not again.
May 21st, 2015 at 1:00 pm K Chang(Q)
Already asked you: WHY would it be in HK, one of the most expensive places in the world to live?
Latest TIME survey found Hong Kong to be the 9th MOST expensive city in the world to live.
So do you trust me, since I haven’t scammed any one before? Are you willing to give me money if I promise to make everybody money?
If you don’t trust me, why do you trust Ignatova?
May 21st, 2015 at 1:04 pm M_Norway(Q)
That means that many of them simply are email addresses? “Reserve your free spot in the network” won’t need any personal data. It may require a username and a password in some opportunities, but others will simply accept an email address.
Other opportunities like e.g. Unaico / Sitetalk used that method to blow up the member base, to pretend that it had much more members than it really had. OneCoin’s organizers are familiar with that method.
In Rippln, only 6,000 out of 1.3 million “secure your free spot” members converted to become real paying members. People will typically generate hundreds of positions, positions they later can sell to people they recruit if the opportunity becomes popular and successful.
1,300,000 / 6 = 217 = only 1:200 members in Rippln was a real member, the others were either fake members or they had lost interest completely.
May 21st, 2015 at 1:47 pm M_Norway(Q)
Then it doesn’t have any measurable market cap?
Market cap will need to be calculated from trade in a normal market, without any volume restrictions. The price will need to be decided by the market rather than the management.
Trade among insiders at a fixed price will normally not count as a part of the trade. Restricted trade will normally not count. If people can’t buy or sell freely without restrictions then it will be meaningless to try to calculate any market cap.
Volume 0 = no measurable market cap. It doesn’t have any market price yet to be calculated.
It looks like they will try to prevent people from selling OneCoins. Low volume means it will be less costly to manipulate the price (if the intention is to do that).
There isn’t many buyers outside the network. The ones interested in cryptocurrencies will usually avoid MLM based ones.
May 22nd, 2015 at 2:45 am BEN(Q)
The “tycoons” get their codes “cheaply” – lot of them
then they give away 20-50 130€ packages for free to people they know.
Then after 3-4 weeks when they think he makes fortune and upgrade..(the hardest to persuade get good discounts of course)
the tycoons say they will make fortune as he does…but they must upgrade first….
May 22nd, 2015 at 2:57 am Jerin(Q)
Please post the link here. Thank you.
May 23rd, 2015 at 3:51 pm BEN(Q)
nolink: youtube.com/channel/UCAo7jAnXUNYKvdpx69B9kMw/
Of course.
I’m really busy right now,and try my best.
Chapter 1 is here. On sunday evening there should be chapters 2 3 4
Chapter 5 is almost done and will be published next week.
May 23rd, 2015 at 5:15 pm Blue(Q)
Hi Ben, Thanks for the research. Putting it on a static website instead of a video will gain more viewers through search engines and be a bit easier to navigate and read. Really appreciate the hardwork though.
Also, I really hope that Ruja and Sebastian can’t escape justice through loopholes.
It’s still a Ponzi no matter how they deceived users. When has a EULA been considered legally binding? I doubt she can say it was all “legal” (especially with the number of countries they run this through) by saying “I was only selling education packages. It’s not my fault they misunderstood!”
Hopefully they will catch her in Malaysia or some other SE country that has a no bullshit justice system with harsh conditions.
May 24th, 2015 at 4:54 am BEN(Q)
i don’t have any web adress. I have chapters 1-4 as PDF.
Ruja will not be popular but rich. i think she has made 40.000.000€ already. (it can be much more)
She sold Pdf:s for 120-160 M€ and as unlimited token holder and noone else who can sell tokens, she get 40-50% of the bonuses that people make.
by the way the tokens can’t be sold anymore 15.6
– the short time target was FAKE -for 80 days the tokens couldn’t be sold, then 1,5% day, but now it’s over)
nolinkp:// tinypic.com/r/25ftxf8/8
May 24th, 2015 at 12:07 pm K. Chang(Q)
@BEN, upload it to Scribd or such where it can be more easily shared.
May 24th, 2015 at 3:41 pm BEN(Q)
I have a pdf but this is a kind of Beta. I want first see how people are understanding the document and then improve it to be understood correctly and easily. The videos will be always the latest version. I don’t want to several different pdf to be shared.
I found so far a couple of things that I will soon change.
(no big deal…I have some pages that comes directly from their webpages but people thought I was claiming that)
I improved the youtube. Now you can see the latest videos from this link.
NOLINK:/
youtube.com/playlist?list=PLwAe1uM8jRyVGY6cIMw5vdVmR8Mkv4t5e
May 24th, 2015 at 4:20 pm MD NUR HUSSAIN(Q)
Hope that it will long run without sceam
May 24th, 2015 at 7:26 pm Blue(Q)
Ben, Don’t forget “Fake Charities” in your blacklist such as their “One World Foundation”
May 24th, 2015 at 7:46 pm Ben(Q)
maybe it is fake but i pass “charity” for now 🙂
I only know that she gave away profit from selling her books to this charity. 500 books! I haven’t read much about it but it’s kind of funny to build such a charity but making lot of asians only poorer.
————————————————–
Some time ago Dr. Ignatova published a book about finance and personal development – “Learning for Profit”, which is a part of the virtual university for e-currency “Crypto Real University”.
The book was officially presented by Ruja Ignatova during a conference in Hong Kong on 06.06.2014.
All 478 copies of the book were sold during the first two hours. 22 copies from the first edition were given to business partners of Dr. Ignatova from China and Dubai.
May 24th, 2015 at 9:01 pm M_Norway(Q)
It has already started as a scam, as a Ponzi pyramid scheme (recruitment and investment). You can’t expect it to become legitimate.
You can probably expect to learn something from it, e.g. how a fraud works.
One major difference between Bitcoin and OneCoin is how they have been organized. OneCoin has a centralized organization, indirectly printing up the digital coins and selling them to investors as investments / targets for participation fee. It doesn’t have any function as a currency (in a normal market).
May 24th, 2015 at 9:46 pm BEN(Q)
that’s so correct M_Norway!!! and yet they are claiming to be better than bitcoin 🙂
———————————-
a nice fact: they claim onecoin is at the same point as bitcoin in 2011 when it hit 1$ for the forst time
1) then: 5M of Bitcoins mined – now 1coins mined: 160M
2) first 1,5 years the capitalazation was 50.000-1.000.000$ -now 1coin (their exchange xcoinx.com) 187M$ /1.05€
3) the price could easily rise because of new buyers who wanted the currency -1coin: at the start 15.6 200.000 sellers with 160M coins who invested a lot already and want some money back
4) then 7000-8000 bitcoins mined daily — / now 1.440.000 new 1COINS EVERY SINGLE DAY!!!
and the waiting time for new onecoins is currently 35 days. 35×1,44M =50.000.000 1coins on the waiting list to come!!
nolink// bitcoinhelp.net/know/more/price-chart-history
(logarytmic scale is better)
May 25th, 2015 at 3:26 am M_Norway(Q)
Bitcoin has its own problems …
99% of the bitcoins seem to be owned by 1% of the investors
Very low activity / very little circulation
I only checked the first 1000 BTC owners. 38.5% of all bitcoins are owned by those 1000 investors.
I also checked #19,901 → 20,000 on that list.
There’s a few thousand investors hoarding bitcoins, but a low number of real commercial transactions. So bitcoin isn’t being circulated among consumers as it normally should have been.
May 25th, 2015 at 11:11 am BEN(Q)
interesting facts i will check them out.
And i bet 98% of the onecoin “users” won’t circulate the currency either.
they just want to cash out and say goodbye
May 25th, 2015 at 7:18 pm George(Q)
Folks isn’t there any opportunity to investigate this fraud organization and forward all these proofs to Federal Agencies before it becomes too late.
I mean there must be an end to all this scammers, who take people’s money and disappear all of a sudden without being responsible for their actions to law.
May 25th, 2015 at 9:01 pm Blue(Q)
The charity fraud might just be the push needed to get the investigation ball rolling.
Their One World Foundation website is shady. None of the social media icons work, the login is a fake button and the donation link is a direct Bulgarian bank account number. No post transaction confirmation, receipts, or additional information.
They link to “Ceva Canada” who does not mention them or offer a reciprocal link.
Just like the xcoinx site. Everything is in a state of “coming soon” or a placeholder. No reputable company rolls out websites that are only half functional.
I hope their assets get seized soon including “Dr” Ruja’s new 4.2m euro house in Sofia.
The following should be looked into closer:
1. Find out if Dr. Ruja has a real doctorate. She plays with semantics and tells half truths (such as the Forbes paid ad). Though she tries to pass it off as if she graduated from Oxford with said doctorate in law. There are many areas in law, but that is vague. If this can be deemed fake, then people will start questioning the rest of it.
2. Confirm the legitimacy of “One World Foundation” by contacting Ceva Canada and confirming if they actually donated large sums to them or not. There already is a different “One World Foundation” (India) They likely named it the same thing to generate confusion. Same reason they chose “OneCoin” which already exists as an AltCoin.
3. The legality of their OneCoin Vegas online gambing (based out of Malta) in areas where it is banned or requires additional oversight and licensing.
May 25th, 2015 at 10:05 pm BEN(Q)
could somebody explain why USA can’t join OneCoin??
we hear all the the time that USA=PRELAUNCH and when Us will open then ONECOIN will become as big there as in China.
in april Ruja said 4.5. then in dubai the launch was set to 7.4
by the way Credit card payments DO NOT WORK for now in Onecoin… for several weeks ahead…. they “update” the system to a better one the “official explanation”
May 25th, 2015 at 10:12 pm Blue(Q)
The reason they are not in the USA is because they cannot pass SEC regulatory scrutiny. The US is harsh on Ponzi schemes.
If they actually had a legitimate product or service, it wouldn’t be a problem. They cannot prove their legitimacy because it’s a scam and therefore cannot enter the US market. It’s another one of their “Coming Soons”.
Yeah the credit card processor had been broken for weeks. Then Jerin came by and said it works now. Looks like it never came back up or it went down again.
May 25th, 2015 at 10:37 pm BEN(Q)
I think the “charity fraud” is not the most important right now. She can donate 100.000€ and it will be good?
I was trying hard to find out the history of Dr Ruja. he has truly had some jobs but lost them all??
b4bschwaben.de/nachrichten/kempten-oberallgaeu_artikel,-Gusswerk-Waltenhofen-ist-verkauft-_arid,48338.html
then 2012 she joined the dirty mlm world. 2014 she was in “real estate business”?? or trying to get good pr?, looks so fake to me!!!
first four links:
google.fi/search?q=real+estate+ignatova+ruja&ie=utf-8&oe=utf-8&gws_rd=cr&ei=HzBjVZ2GL4ivsQHaiIHwBw
the most fake can actually be her book. Why only chinese???
tinypic.com/r/2uoj9zk/8
rujaignatova.tumblr.com/
a review of that book would be nice
Has anybody seen Nigel Allan lately?
May 25th, 2015 at 10:44 pm BEN(Q)
by the way I have a copy of bulgarian FORBES.
The cover is black with Markus Persson. Then you turn the page and IT IS A HARD COVER AGAIN! guess who 😉
May 25th, 2015 at 10:46 pm anjali(Q)
i think when ponzi schemes start making excuses for payment processors, it is evident the End Is Near.
jerin hasn’t reported back on the ‘agreements’ with china and UAE to use the onecoin officially as a crpto currency either, we may not hear from him any further, methinks.
do you think ruja will go the way of DFRF and utoken and start converting everybody’s investments to shares, at some point? ponzi scammers DO tend to think conversion to ‘shares’ is an escape route!
May 26th, 2015 at 12:16 am Blue(Q)
Yeah, the Forbes confusion was cleared up once someone actually contacted Forbes, and they confirmed it was a paid advertisement.
She interviewed herself in that 3 page ad and then again on oneworldfoundation.eu website. Both have unnamed interviewers since it was PR friendly fluff piece written by her.
She even thanked herself for the great interview.
May 26th, 2015 at 12:35 am Rockfish(Q)
I also emailed Forbes… Their official reply follows:
May 26th, 2015 at 2:02 am Blue(Q)
I doubt she donated anything. The problem is she accepts donations from normal people through the “Donate” link which goes directly into a bank account in Bulgaria.
That’s the mystery. There isn’t a whole lot of background on her.
Most of the websites you find are sites she created on free websites. You can tell because they all say “Business Woman of the Year” and Law and economics degree.
The thing is no one has confirmed her education, if she has the credentials, she would be proud to put that forward.
Probably lost all her jobs to being a pathological liar and back stabbing people. Maybe her education and previous employment credentials didn’t add up when they checked.
I think it was written in Bulgarian and translated to Chinese. Probably because the contents are such a crock she would be called out by Western economists.
He was fired some time back. Ruja said something about him “Betraying her trust.” Nigel has been quiet though, so probably got some hush money.
May 26th, 2015 at 2:07 am Blue(Q)
I suspect that the Chinese and Indian markets are not using the credit card processor directly.
China won’t let them use CUPS (China Union Pay) so they probably accept through Alipay, direct bank transfers, and various forms of wires. Europe is used to using Bank transfer, so having the CC down may not be of concern.
But I do agree that when the processors go, it probably means they got wise. Probably lots of chargebacks happening.
May 26th, 2015 at 2:20 am Glend(Q)
In a discussion in Nigel Allans facebook feed he mentioned that OneCoin is a major fraud.
Now, the post was set to public earlier but now it has disappeared. He probably got too many questions?
May 26th, 2015 at 2:23 am Glend(Q)
It’s still there: “there’s lots wrong with that company and the owners…massive fraud”.
May 26th, 2015 at 2:38 am ?(Q)
While all these posts make One Coin look bad, it’s too late for me, as I’ve already gone in as Trader, and upgraded to Tycoon.
I didn’t want to find out that it is indeed better than Bitcoin, and overcomes the doubts, and regret not having joined it.
I might look foolish right now, due to all this negative feedback about One Coin, but, if you’re all wrong, I’ll have the last laugh.
It’s disheartening to read all this, yet nothing less was expected, given all the other fraud that has existed so far — am glad I didn’t invest in U-Token, which, with a company name of “Fun”, I didn’t trust, especially since it was wire-transfer only to Thailand, and investors could go as high as $50k.
A few weeks later, those guys all were arrested (thank goodness).
If One Coin is a scam — it’s the most elaborate scam I’ve ever seen!
While it’s true that the members mine the coins, they will be on public exchange – and launch in the US on July 4th.
Casino: Members can play there — only US members cannot play for real money, but can for free. (We can’t hurt the profits of our greedy casinos in the US, now, can we — thus, it’s illegal for offshore casinos to allow US citizens to play online for real cash).
Regarding Dubai: some members actually were in attendance there.
Facebook: not everyone is into Facebook. Just because a Facebook page has only 6000 “Likes”, and even more members, doesn’t mean that they have only as many investors as shown on Facebook.
Nobody is required to “Like” a page.
Finally, when One Coin rises above all of the doubts, we can then say it’s for real — and the doubters can have their regrets. TIME WILL TELL.
May 26th, 2015 at 2:42 am Oz(Q)
^^^ OneCoin’s business model and compensation plan are not unknowns.
The only thing you’re waiting for is regulatory intervention or the inevitable collapse.
Right now a bunch of money has been invested and people are hoarding the coins in the hope of indefinite rises in the perceived value of the coins (Ponzi points).
Quite obviously this is pegged to nothing and if everyone went to withdraw their points right now most would receive less than they initially invested (funds have already been withdrawn by the top investors).
May 26th, 2015 at 2:47 am M_Norway(Q)
Most of those bitcoin investors probably invested in 2013 (they’re not “hoarding” anything now).
There isn’t much activity among the investors now, they neither buy nor sell any huge quantities of coins. The investment has become rather illiquid for most investors.
DISTRIBUTION OF BITCOINS
– – – – – – Top level investors 50,000+ BTC – – – – – –
3 investors own > 100,000 BTC (avg. 146,927 BTC)
15 investors own 50,000 → 100,000 BTC (avg. 67,419 BTC)
– – – – – –
= 18 top level investors (1,452,070 BTC) 10.32% of total BTC
– – – – – –
– – – – – – second level 10,000 → 50,000 BTC – – – – – –
20 investors own 20,000 → 50,000 BTC (avg. 29,255 BTC)
64 investors own 10,000 → 20,000 BTC (avg. 13,130 BTC)
– – – – – –
= 84 second level investors (1,425,450 BTC) 10.13% of total BTC
– – – – – –
– – – – – – third level 1,000 → 10,000 BTC – – – – – –
117 investors own 5,000 → 10,000 BTC
158 investors own 3,000 → 5,000 BTC
342 investors own 2,000 → 3,000 BTC
964 investors own 1,000 → 2,000 BTC
– – – – – –
= 1581 third level investors
= 1683 investors total (3 top levels)
May 26th, 2015 at 3:42 am George(Q)
Fun fact: A friend of mine, who became an Conligus affiliate a couple of months ago eventually did try to refund his money.
We spoke to our up line regarding this concern, he suggested to address this issue to onecoin support as he claimed not to be responsible for it.
Then we wrote the support team asking them to refund his money and guess what they repplied:
May 26th, 2015 at 3:55 am George(Q)
It’s never too late. Try to refund your hard-earned money (if possible) otherwise you’ll contribute to make the rich Ruja slut for another 5000 euros richer!
May 26th, 2015 at 4:02 am Jerin(Q)
It clearly tell about Dr. Ruja’s qualifications even in 2010. She have not even thought about OneCoin at that time.
b4bschwaben.de/nachrichten/kempten-oberallgaeu_artikel,-Gusswerk-Waltenhofen-ist-verkauft-_arid,48338.html
So your whole question on this is answered now. It’s not made up – it’s REAL!
May 26th, 2015 at 4:16 am BEN(Q)
is thit the page? or another one?
facebook.com/NigelSAllan/timeline
i would really like to see it thanks.
May 26th, 2015 at 4:17 am BEN(Q)
a little test video. check out 7 – “THE FORBES MIX” 😉
youtube.com/playlist?list=PLwAe1uM8jRyVGY6cIMw5vdVmR8Mkv4t5e
May 26th, 2015 at 4:55 am M_Norway(Q)
The members don’t mine any coins themselves?
They pay for tokens, and then they spend those tokens on buying coins via a “virtual mining process” = someone pretending there are some real mining activities going on while releasing OneCoins at a certain rate to the ones who have paid for the coins.
The only realistic way to make money there is to recruit other people and convince them to invest in membership packages (just like someone did when you were introduced to the opportunity).
May 26th, 2015 at 6:18 am George(Q)
and ‘earned’ his 10% commission.
May 26th, 2015 at 7:17 pm BEN(Q)
nolink:planetpyjama.com.au
the same picture as onefoundedion
May 26th, 2015 at 8:27 pm anjali(Q)
@ben
what is the website domain of ruja’s ‘one world foundation’?
May 26th, 2015 at 9:03 pm Blue(Q)
One World Foundation is a sham charity. The images are just stock pictures stolen from random websites.
There are no regulatory, tax information, registration numbers or anything else located on the website. Yet on the Facebook page today they say “They are quite transparent” when someone challenged them on this.
It’s not transparent when you are forced to believe what they tell you. They give you no information to research beyond what they tell you. It’s all just “Believe us! We are giving the money to needy children.”
Just put your money in the following bank account numbers that don’t even reference “One World Foundation”. No, you will not get a tax exemption receipt because it’s fake and not registered.
There is already a “One World Foundation” that works in India primarily. They used the same name to confuse and add credibility if you saw it listed on some other charity site!
They are extremely scummy if they stoop that low in reeling in the gullible. No Honor Among Thieves.
May 26th, 2015 at 9:36 pm anjali(Q)
back in august, 2014, when nigel allan was president of onecoin, this is the response he posted in the moneymakersgroup [MMG] forum, about why onecoin was not doing business in the USA:
ha, i thought companies could get registered in the US in a couple of hours! and why did allan have a problem with strictly following KYC norms?
someone has said onecoin will launch in USA in july, 2015, but i don’t see that happening because no public exchange has accepted them or will ever accept onecoin.
on the other hand we may see the decline of onecoin and subsequent crash a few months from now.
May 26th, 2015 at 9:57 pm BEN(Q)
if this fake so ******* **** ** ********* !!!
HOW THE H… SHE CAN DO THAT WITH BLIND CHILDREN? Now i’m really angry.
another chapter.(?)..bigger list again…this is crazy.
my intention was to put my blacklist already 1.5. but new facts every day…then the fake cover 7.5 (then I was sure it’s going to be a scam)
– i have a new really cool video.. will be avaible in some hours
– i have a blog now. i will put there ALL LINKS ALL INFO ALL FACTS I will find about OneCoin, Ignatova, Parhiainen, Greenwood.
It will help people share info and make own conclusions. and now it will be easier to contact me too. You have new links or something just “ask” me on the blog
Tomorrow I will put an updated 1-4 “pdf” there… I put pictures of the fake cover there. should come in blacklist but this is SO FAKE!
benzmith.tumblr.com
May 26th, 2015 at 10:18 pm Blue(Q)
She uses the One World Foundation website to advertise OneCoin and steal more of your money. Read the interview section, it’s just full of the same self-interview as Forbes plus something about her caring.
They say they “support” OLPC (One Laptop Per Child) but every stock image is not even a picture of an actual OLPC computer.
Support doesn’t mean donate. It just means you like it and anyone can say that.
Remember, Ruja chooses her words carefully. She probably made a 10 euro donation to CEVA just so she can say they donate to CEVA.
If they donated large amounts, they would list how much they donated and CEVA would likely have said something in their news releases.
OLPC I believe only costs 100 euro. They probably just bought 1 and now make a big announcement about how “they donated”
No tax identifiers or registration codes on the website, no social media links, non-functioning login.
May 26th, 2015 at 10:54 pm Blue(Q)
Just a correction. It’s SEVA Canada not CEVA.
Also I found another one of her word plays. This was on the website “One World Foundation will work closely with SEVA Canada Society”
“WILL” as in the possible future.
She also repeats the words “The Foundation” not SEVA. Donations will be made to the foundation. We will work closely with the foundation.
I’m not saying they didn’t donate. But it is shady when there are no actual donation numbers ,registration numbers, or company trademarks to verify.
Here are the other “OneWorld Foundations”:
oneworld-foundation.org
oneworld.net.in
1worldfoundation.org
There are so many of them. This is why they chose that name.
May 26th, 2015 at 11:53 pm ?(Q)
THIS is ALL a bunch of LIES about One Coin. The Foundation helps restore sight to children around the world. Also, Bitcoin (Ozedit: is not an MLM opportunity and is therefore irrelevant.)
I’m so GLAD I am “Tycoon” — and can’t wait ’til July 4th, when One Coin launches in the US!
I personally know members who attended the Dubai conference, and here is what one told me: (Ozedit: Offtopic waffle that does not address the fact OneCoin is operating as a Ponzi scheme removed.)
I was in Dubai, I was at the office, I met people who were making real money. I had lunch and dinner with Juha and Pehr.
If this were a Ponzi scheme, they would all be going down and potentially facing a lot of jail time….. these are very generous and giving people who want everyone to succeed.
Dr. Ruja is not the type of woman who would be running a ponzi scheme. no way.” BY THE WAY: ONE WORLD FOUNDATION IS: ONEWORLDFOUNDATION.EU
May 27th, 2015 at 12:00 am Oz(Q)
Ring-a-ding-ding.
Based on what exactly? Your man-crush on her? Her shoe size? The alignment of the stars?
A business model defines whether or not an opportunity is a Ponzi scheme. Not you gushing about its staff and repeatedly trying to introduce offtopic comparisons to BitCoin into the conversation.
May 27th, 2015 at 12:06 am BEN(Q)
? did you see that forbes cover?? So maybe she gave you a signed copy?
I’ll publish the real one today. -> benzmith.tumblr.com/
facebook.com/Forbes.Bulgaria
by the way. the everywhere try to avoid her real birthday. is this maybe why it should be easier to confirm her studies and so on?
the real one should be this: 17.7.1980 Ruse
May 27th, 2015 at 12:07 am Blue(Q)
No kidding. We already know that. I listed various other ones that exist to show the name is not unique.
If One World Foundation is in fact helping blind children around the world, give me the registration number for this charity and where they run their operations from.
Where did you get your evidence? The website? Who is the team behind One World Foundation?
It surely can’t be run by one person. No names, no positions. The only thing we know about this is that the bank is out of Bulgaria. They don’t even use the name One World Foundation for the deposit name.
That will be interesting. OneCoin will not pass the SEC sniff test.
May 27th, 2015 at 12:09 am BEN(Q)
this is a educated woman??? watch this!
39.00 —>
41.25 —>
->/www.youtube.com/watch?v=qxHPGmycmhg
May 27th, 2015 at 12:18 am Blue(Q)
Selling something for less than you bought it for is called selling short. You do it to mitigate further loses and is common in any form of financial speculation and trading.
Amazing she can stand there and talk like she understands economics. This is why I questioned if she even has a doctorate or a degree in economics.
May 27th, 2015 at 1:20 am hoss(Q)
Selling something for less than you bought it is called selling at a loss…not selling short.
Amazon shows one book for sale by a person named ruja ignatova. Its a legal treatment of some obscure EU legal code Article 5 (?) written in German.
There is no listing of a book named “Learning for Profits” (mentioned on the One World Foundation website and Barnes and Nobel booksellers does not have anything by a ruja ignatova at all, and yet it is claimed that she is contributing profits from this book to the One World Foundation. Perhaps.
According to the short bio on Amazon.com, ruja ignatova has been working as a business consultant for the last 11 years. A girl’s gotta make a living.
May 27th, 2015 at 1:31 am Blue(Q)
You’re right. I should have said “Selling at a loss”
May 27th, 2015 at 1:34 am K Chang(Q)
It’s easy to setup a “foundation”. Any one remember the Wazzub Charity Foundation? 😀 Did they ever donate a penny despite the Wazzub song? Doubt it!
May 27th, 2015 at 3:58 am M_Norway(Q)
The “mining” of OneCoin is a completely unnecessary part, so it probably doesn’t exist in reality (as she describes it).
Normally people won’t use hypothetical examples like “If it cost you 50c to mine a coin” when they’re talking about their own businesses. The normal way is to recall the information from memory.
Circulating currencies should normally have a low “self-cost”. Bitcoin’s “mining costs” is one of its weaknesses. It doesn’t add more value to the coins, it only adds some unnecessary costs.
Currencies will get value from the fact that they can be exchanged for goods, services or other types of value. Bitcoin currently has the function of a currency (some of them). OneCoin doesn’t have that.
May 27th, 2015 at 4:14 am BEN(Q)
Norway: i’m myself thinking that way. that the mining do not exist.
But currently i think if there is a currency it is a cheap bitcoin copy. Toy can make your own cryptocurrency in 1 day. (there are programs for free on internet)
does anyone know this:
if bitcoin (or whatever cryptocurrency) would be mined by a single person from the beginning how much computer power do you need?
i know that if more people mine bitcoin it’s getting harder to find coins. but if a single person would mine? what about then?
but ignatova has som token difficulty. i doubt it is coded with tokens included. she can increase/decrease the token difficulty whenever she feels for it.
you are mining “automatically” you mine for 6 tokens 4 months ahead, you are not so you can mine some coins for 1 more but then the difficulty can jump up suddenly (so fa 4-6-10 5-7-11)
May 27th, 2015 at 4:49 am M_Norway(Q)
It doesn’t cost anything to produce the tokens either, so it doesn’t really matter whether people pay 4 tokens or 7 tokens.
People pay money IN
→ money ends up in a bank account
→ money from bank account can be used to pay withdrawals
The monetary value ends there in a bank account. The rest of the system won’t need to involve any money or any value.
→ People get tokens in “membership packs”
→ people use tokens to pay for mining
→ the mining generates OneCoins
→ OneCoins can be reinvested in more tokens
→ people can use tokens to pay for mining
→ mining will generate OneCoins
→ (repeat over and over again)
There’s no monetary value involved in that process. The VALUE is still in the bank account.
May 27th, 2015 at 5:47 am RockFish(Q)
I think I am ruffling a few feathers on OneCoin Face book page. I have added a copy of my post & thier reply below:
Me:
OneCoin:
Me:
OneCoin:
they say they do not mention God, but check out this link:
scontent-iad3-1.xx.fbcdn.net/hphotos-xaf1/v/t1.0-9/13402_10203634060686540_7807199628912742962_n.jpg?oh=699f9c727c097f8c46888fc699cbcdca&oe=55F8C3DE
May 27th, 2015 at 9:49 am BEN(Q)
666 – ONECOIN TRUE INFO – IGNATOVA COVER (hot) MIX: http://www.youtube.com/watch?v=QUjJ-QJ4kFM&list=PLwAe1uM8jRyVGY6cIMw5vdVmR8Mkv4t5e&index=6
May 27th, 2015 at 4:16 pm Alex(Q)
Information about the audit of system blockchain:
youtube.com/watch?v=WAIKyBF4GuE
May 27th, 2015 at 4:50 pm Blue(Q)
Hey Ben, It seems OneCoin banned you and removed all your posts on their Facebook.
They don’t like being challenged. Including you calling them out on the One World Foundation picture being from a Children’s Pajama webshop.
@Rockfish, I saw your posts on FB. Why not ask them what their registration number is and who the altruistic team behind the foundation are?
Ask them if you will get a tax exemption receipt and donation confirmation (besides the bank statement saying you made a deposit into a Bulgarian bank account) Such an important organization must have a management structure.
They will probably say no as it leaves a paper trail that can implicate them. Especially tax exemption and charity fraud.
What percentage goes to the charity vs administrative overhead? Usually a legitimate site will list the breakdown.
Here are all the red flags of that charity: No registration information, no tax status info, no names, no donation numbers, non-functional web elements such as social media and login links.
Stolen art assets from random websites, Stock images unrelated to the project such as the OLPC not being OLPC computers (One Laptop Per Child).
Direct bank account wires with no confirmation or address requirement from you.
The Interview section is a OneCoin advertisement. No credit card or various other payment options besides OneCoin. and SEVA Canada doesn’t care enough to mention them with them being one of their “top” donators. hmmm.
Lastly, read between the lines. Ruja tiptoes around words using terms like “The Foundation” to confuse who is getting the money.
Which Foundation? Seva? or One World Foundation? Likely the donation is going to “their” foundation.
Ruja and occassionaly Sebastian seem to be the only two names you see. All their correspondence ends with “The OneCoin Team.”
As for the “GOD” reference, I don’t know how important of a role that plays.
Though her bio does state she was a youth leader for the Christian Democratic Party in either Bulgaria or Germany. So a slip up like that is plausible.
May 27th, 2015 at 5:18 pm Blue(Q)
Think of the humiliation and reputation hit that will occur when this thing collapses:
Dian Dimitrov from Semper Fortis (Bulgarian firm) blockchain audit. (Doubt he even knows what a blockchain even is)
Breidenbach Rechtsanwälte (German law firm) deems OneCoin legal. (Though Ruja may have deceived them by not supplying all the information for them to make an accurate claim)
She will likely escape to Bulgaria before it hits the fan and cozy up in her 4.2m euro home.
Bulgaria has low bribery and corruption enforcement and corruption is at a 15-year high according to transparency dot org. You can bribe your way out of things.
Here is a game, what are the likely outcomes? Choose one number and one letter.:
1. Ruja escapes and throws Sebastian under the bus. Pictures of his Tux with his bow-tie half hanging. Yelling “It’s all Ruja, I Swear!”
2. Sebastian escapes and throws Ruja under the bus. Pictures of Ruja crying in her “Fairy gown” now that she is caught. Saying she didn’t know and was a victim herself.
3. Both are apprehended in SE Asia and forced to do the perp walk in front of the media. UFUN style. shirts over heads.
4. Both are apprehended eventually in various parts of the world.
5. Both escape into hiding. Sebastian staying in SE Asia while Ruja keeps a low profile in Bulgaria.
6. Other (Choose your own adventure)
A. All assets are ceased and Ruja gets her 4.2m euro in Sofia revoked.
B. Some assets recovered, but not all can be accounted for.
C. No Assets are ceased.
D. Bribes are paid and they keep some of their proceeds.
E. Other (Choose your own adventure)
May 27th, 2015 at 7:33 pm RockFish(Q)
Mr. Blue…. Here is my reply to them. Let see what happens:
May 27th, 2015 at 8:08 pm anjali(Q)
very impressive, intellectually riveting stuff!
i’m so impressed i did some intellectual research myself and found this!
a poetic overview of rujamama’s life & times:
plumply she swayed, in her golden ball gown
said nothing about the processor being down!
just asked everybody, to invest and invest
cause rujamama’s onecoin, is bester than the rest!
she studied at harvard and uh, oxford too
studied law in Not five years, But only just two!
has a doctorate in ‘something’, that is never revealed
cause rujamama keeps her hot red lips sealed!!
she’s buying a mansion, with all your money she stole
and forbes fake covers, her own genius to extol!
this Ruja Hot Mama’s really having a ball !!
shake it like rujamama, or don’t shake it at all !!
May 27th, 2015 at 10:39 pm Blue(Q)
Looks like they removed the SEVA Canada logo from their oneworldfoundation site.
I just emailed Seva Canada for verification. I’ll let you know what they say.
May 27th, 2015 at 10:52 pm anjali(Q)
if you scroll down to the bottom of the home page, the seva canada logo is still there.
May 27th, 2015 at 11:17 pm Blue(Q)
Okay, maybe just a caching issue with the browser. Anyway I contacted them to see if they are in fact a major donor or a donor at all.
May 27th, 2015 at 11:27 pm Blue(Q)
I just checked the physical location of One World Foundation. It is SG Expressbank (Sofia).
They just listed the Bank address as their physical location. “Our office is closed on bank holidays.”
May 28th, 2015 at 1:29 am M_Norway(Q)
Then I hope you identified the foundation correctly. There are probably tens of “One World Foundation”. 🙂
It may help them identify it more clearly if we use information from One World Foundation’s own website, e.g. how OWF itself identifies its relation to SEVA.
“Helping 1000 blind children in 2015”?
“Some type of ‘partnership’ with SEVA”?
“Among the major donors of SEVA”?
“Work closely with SEVA on projects in multiple countries”?
VAGUE INFO
Additional explanation for why we ask questions.
Its website only contains rather vague info. No legal info, no registration details, no financial info, no detailed project info.
No country of registration, no entity number, no founding document, no CEO or contact person, no board members, no financial reports.
It does have some vague contact info, but registration details are missing.
It has close connections to a network marketing company “OneCoin”. They seem to be organized by the same person or people, and “OneCoin” is actually indirectly promoted on the website.
This was just an example. I can probably identify some more relevant questions than the current ones.
May 28th, 2015 at 7:13 am BEN(Q)
yes i was kicked out from FB. I could make another one but i don’t really have time for those on facebook.
this is worse than a religion. you have to believe and the others are evil.
I was thinking of making such a “game” my favourite would be to lock ruja sebastian and juha in jail around the world.
every 2 months change jail to another one. in all coutries where they sold 500+ “education” packages.
May 28th, 2015 at 8:31 am BEN(Q)
—>foundry-planet.com/ru/oborudovanie/detail-view/11535/?cHash=447805701fd756a6b93843d72973e16d
—>kreisbote.de/lokales/kempten/gusswerk-will-geld-zurueck-2582232.html
what igntova did 2012….
investigate people!!! soon this scum is over!
May 28th, 2015 at 12:01 pm RockFish(Q)
Get a load of the BS post:
May 28th, 2015 at 12:04 pm Oz(Q)
Response: Name the attorney or GTFO Ponzi lies.
Lololol. Creditibility++
May 28th, 2015 at 12:13 pm BEN(Q)
May 28th, 2015 at 12:19 pm BEN(Q)
a few months ago Ignatova said that the audition would do a very known company like “Ernst & Young”. now the audition was made by a local firm from bulgaria.
they state proudly: we are the only one cryptocurrency who is doing such a audition to show the credibility.
and you probably know why they are the only one to AUDIT BLOCKCHAINS ;))))
May 28th, 2015 at 3:51 pm Blue(Q)
@M_Norway
I did receive a response, but I think they misunderstood my request. I’ll have to ask them again.
Here was the email I sent to them:
The Response I received from SEVA Canada:
How should I modify my request. Say that I am a concerned citizen that works with outing scams?
May 28th, 2015 at 4:30 pm anjali(Q)
something was being planned by onecoin, for the US market earlier this year.
an FB page belonging to glenn smith of the US, posted on feb 23, 2015:
uh, kevin thompson!!!!
0n april 1, 2015, glenn smith of ‘one coin USA 1’ posted:
in early april, 2015, glenn smith went to bulgaria to meet ruja ignatova
the last post on this USA onecoin FB page was on april 10th. i think as the tie with mastercard and union pay card, didn’t happen as expected, the US onecoin push may have run out of gas?
May 28th, 2015 at 4:38 pm anjali(Q)
your email was informative enough, so the response from SEVA canada is befuddling.
yes, try telling them you are a concerned citizen trying to expose the onecoin ponzi, and you could give a link to this article here on behindmlm, so that they understand better?
May 28th, 2015 at 8:22 pm BEN(Q)
sabway.biz/
this is so ridicolous
May 29th, 2015 at 12:30 am M_Norway(Q)
Respond with the information they ask for?
“I’m not representing an agency or a firm. I’m a concerned citizen having a discussion on the internet with other concerned citizens. Relevant parts of your answer will be posted in a forum thread or similar places”.
That last part was about “Only share the information you openly can share, don’t share any sensitive information or secrets”.
They are clearly willing to give you some information, but they will need to know which types of information they can give you. Just make it easier for them to understand your own role (“not an agent or an attorney”).
They haven’t misunderstood your request, but they will need to adjust the answer so they don’t share any sensitive information to the wrong person.
GIVE THEM ACCESS TO INFORMATION?
Refer to or copy details from my post #281, where I quoted directly from relevant parts of the website and provided the address (disabled links) to each source.
“Let them SEE what you SEE” for the parts relevant to them, the parts you’re asking questions about. It will usually result in more meaningful answers if you’re both talking about the same thing.
May 29th, 2015 at 12:42 am anjali(Q)
why? do they have something to hide?
either they are receiving money from ruja’s one world foundation or they are not!
where is the problem??
May 29th, 2015 at 3:19 am M_Norway(Q)
The answer was a correct response if the intention is to give meaningful answers.
A “concerned citizen” will need a different type of information than an agency or a firm (e.g. lawfirm, bank, etc., or a PI checking something on behalf of a client).
[My guess]
* The facts of the case is probably that Ruja Ignatova donated some money some time ago, e.g. the profits from the sale of 478 copies of her book “Learning for profit”.
* She has probably promised to continue to donate the profit. In return for those promised donations, she has probably been allowed to use some SEVA material on One World Foundation’s website (photos, etc.).
* But I don’t believe it has resulted in more donations to SEVA.
The questions from the concerned citizen probably triggered some alarm bells, e.g. the use of the term “Ponzi scheme” will normally cause some reactions from charities. They should normally try to get more info.
The next step here will probably be to offer more information (relevant to SEVA’s situation).
1. We don’t see it as a SEVA specific problem. SEVA simply popped up because of some marketing statements, e.g. in post #258.
We’re simply trying to clarify OneCoin’s indirect role as a “major charity donator”.
2. The Ponzi scheme logic is that onecoin crypto currency is a type of investment more than a type of product or service. MLM and network marketing should be about commercial activity, not about financial ones.
* Combine that investment with misleading marketing to attract investors (consumers), e.g. simulated profit presented as real profit.
* Combine it with a closed market where the price of the investment units easily can be manipulated to reflect a false profit.
* Combine it with no underlying value in the investment itself, and no legitimate business activity that will be able to generate a profit.
The “profit generating mechanism” is a closed circuit with no money involved. The number of onecoins will grow through splits and reinvestments. The virtual “value” of onecoins will seem to be growing because the price can be controlled to reflect a growing value.
Note that we don’t see all crypto currencies in a similar way. The Ponzi scheme issue is specific to OneCoin and most other MLM based virtual investments.
May 29th, 2015 at 5:13 am M_Norway(Q)
He didn’t identify clearly why he was asking, e.g. he could have been a PI investigating something on behalf of a client.
The correct response should simply be to clarify his own role. They asked specifically about that.
May 31st, 2015 at 5:28 am BEN(Q)
Blacklist first video
ONE ACADEMY
->youtube.com/watch?v=vTuSLivBo-o
my pdf chapters 1-4
->drive.google.com/file/d/0B4CyzrtK43UvVEVTWlVkZ05HNG8/view?usp=sharing
May 31st, 2015 at 8:57 am BEN(Q)
working links
Blacklist first video
ONE ACADEMY
->www.youtube.com/watch?v=nyk8Xvux08E&list=PLwAe1uM8jRyVGY6cIMw5vdVmR8Mkv4t5e&index=7
my pdf chapters 1-4
->drive.google.com/file/d/0B4CyzrtK43UvVEVTWlVkZ05HNG8/view?usp=sharing
May 31st, 2015 at 3:14 pm anjali(Q)
the local firm is sempre fortis and it’s managing partner, Dian Dimitrov, presented an audit report during the may 15th dubai convention.
the audit is available to affiliates who have signed up for the onecoin newsletter and also available in their account backend.
here’s hoping someone will mail a copy of this newsletter to oz.
meanwhile the video of the audit report of may 15th, was released a couple of days ago and i don’t know what sense it makes!
something about onecoin being in the clear, because there are no coins outside the ‘blockchain’. duh who cares.
what they should audit is how onecoin is generating revenue, but of course not, lets just waste everybody’s time with some crap about blockchains.
anyways here’s lookin’ at rujamama swaying once again :
youtube.com/watch?v=UOSStXW9YbY&feature=youtu.be
question : how much investor money did ruja ignatova pay the managing partner of a ‘top ten’ accountancy firm of bulgaria, to travel to dubai for a 10 minute presentation?
May 31st, 2015 at 4:13 pm Blue(Q)
@Ben
Maybe the authors should be contacted about her stealing there copyrighted content and reselling it for exorbitant prices.
May 31st, 2015 at 7:30 pm BEN(Q)
the audition CAN BE REAL.
why? because she has to deliver it or get to jail in the future.
most probable is that she made a cheapest altcoin that could be made in the end 2014. Anyone can nowadays do an own currency, there are apps for this for free around.
everything you see in the mining (exchange) is for visual convincing that there are happening transactions all the time. best comedy is the blockchain section when there are transactions happening every minute.
this is so stupid. you can google whatever text from the one academy levels and you can get the rest.
try to google “An enduring mystery of market history is that big, key reversal points seem to come out of the blue.”
L1 L2 L3 L4 L5 …oooooooooops Ruja did it again. you can add “level” to the search if you want to
when you have the content (no copyrights there, you know why)
then you can search all the text from there and find the original content. the authors won’t be happy if they get to know it.
May 31st, 2015 at 9:36 pm Blue(Q)
That audit is likely not real. If it was real, they wouldn’t have a problem revealing the algorithm or allow exploration of the blockchain by its users.
I don’t know the qualifications of the auditor to fully understand what a blockchain even is. But what I see, is a sleazy looking dude that was probably paid huge sums for the use of the firms name.
May 31st, 2015 at 10:59 pm BEN(Q)
the auditor is probably the best blockchain auditor of bulgaria 2014 2012 a new title arranged by Evgeni Minchev von Bul
minchev.com/en/index.html
Jun 1st, 2015 at 12:29 am BEN(Q)
donwload level 1-5 for free (i guess the lnks won’t work forever)
benzmith.tumblr.com
Jun 1st, 2015 at 2:17 am Rockfish(Q)
According to their Facebook page…. The great & powerful & most ittelligent woman ever born Dr. Ruja just celebrated her birthday with a grand party for select friends….
Must be nice to throw a party where price is no object because your cult of followers are the ones paying for it.
The replies and wishes they have posted for her are sickening…. These people are brain washed.
Jun 1st, 2015 at 4:08 am BEN(Q)
rujaignatova.snimka.bg/
fake birthday??
Jun 1st, 2015 at 6:53 am Rockfish(Q)
Ben …. Just watched the video of the fake birthday you posted… Now I am nausated…
She is such a piece of crap…. I hope her next birthday is behind bars, where she belongs.
I feel bad for some of the people, but others, if they are that dumb… Maybe they need a lesson. A very expensive lesson.
Jun 1st, 2015 at 7:30 am BEN(Q)
She is fake. Summar 2014 she made 10-20 free web pages about her just to convince people she is real good with good CV.
Despite her good studies nobody wanted her after 2012. Here is the reason:
There was a withdraw of Christmas and vacation money and 14,5 more hours of work per month without pay.
->foundry-planet.com/ru/oborudovanie/detail-view/11535/?cHash=447805701fd756a6b93843d72973e16d
->foundry-planet.com/tr/news/kurumsal-haberler/kurumsal-haberler/11768/?cHash=a7405643b0169d41f52afcfe04610af1
my next blacklist is about Ruja.
Jun 1st, 2015 at 1:21 pm anjali(Q)
yeah, she was popping out of her dress.
nice to see she knows how to enjoy her investors money!
a little birdie tells me that one’s rujamama’s ponzi scheme Crashes, she wont be posting videos of her burrday pardy’s anymore. she may shift her partying to a basement somewhere!
Jun 1st, 2015 at 2:48 pm Rockfish(Q)
I just can not beleive no-one can get the real background on this bitch.
She openly brags about being the smartest female ever and how she is single handily will created more millionaires that any company ever….
Why no legal authority has taken it upon theirselves to investigate this bull shit is totally beyond me….
Jun 1st, 2015 at 3:32 pm littleroundman(Q)
Simple.
In the grand scale of things it’s nothing but a small time pissant penny ante fraud among hundreds of thousands of similar operations and won’t last long enough to make it practical or viable for law enforcement agencies to redirect any of their already limited resources.
Throw in the fact it appears to be based in Bulgaria, a country not known for either its’ enforcement,asset recovery or co operative capabilities, and one has to ask who would benefit from a full scale investigative or asset recovery operation ???
Jun 1st, 2015 at 11:00 pm Rockfish(Q)
Well…. Guess OneCoin did not like my honest comments on their Facebook page.
All my comment have been removed and I can no longer post…. I tried to open some eyes… But, that cult is too far gone.
Jun 2nd, 2015 at 1:08 am RockFish(Q)
WTF… look at what these people are posting about ” Their Company”:
Jun 2nd, 2015 at 2:29 am BEN(Q)
what about this:
registerd members
gibraltar 0 =the company is operating from there
bulgaria 550 = Ruja was born there
uk 300 = she should have hundred of friends there? or maybe they are not stupid in Oxford 😉
germany=1080 she lived there from being 10 and owned Gusswerks Waltenhofen 2010-12
Jun 2nd, 2015 at 2:49 am Rockfish(Q)
So where do all the other members come from? Or are they just inflating her numbers?
Are the Chinese that stupid? I listened in on their pep call… They are planning on conquering the United States.
I am forwarding information to the security and exchange commission they have really been hard on Ponzi schemes here.
Dr. Ruja plans on coming next month… Maybe they will be there to greet her
Jun 2nd, 2015 at 4:57 am BEN(Q)
the fovourite quote in webinars: USA is “prelaunch” (as always) .
the launch was set to 4.5 but did not happen AND I DOUBT IT WILL HAPPEN 4.7.
this is from terms&conditions. They put USA there in May.
LOL THEY CHANGED IT LAST WEEK:
maybe it looks better now? 😉
“Iran, Iraq, Nigeria, USA” was not so impressive looking.
onecoin.eu/page/details/terms_and_conditions
Jun 2nd, 2015 at 10:54 am BEN(Q)
I did some calculations and here are my predictions:
1) Below 500.000 members
2) Onecoin won’t open in USA
3) Key reversal = 15.7-15.8
4) No more big event like Dubai 15.5
1) This is my weakest prediction. Why? Because you can’t trust the numbers.You don’t even know what the number is telling you. Dr Ruja can make new promotions or a new alliance like with Conligus when we saw a big increase of the members.
2) This is my best prediction. Dr Ruja puts no resources on fighting US Laws.
3) “An enduring mystery of market history is that big, key reversal points seem to come out of the blue” – This is the google search that I made and found Levels 1-5 of One Academy.
A critical event will happen and Dr Ruja and Sebastian decide to cash out. It could be earlier. Difficult to know when you can’t see all the numbers or what the new rules will be. Dr Ruja is the dictator of the company and can do whatever she wants.
4) If This will happen then I’ll admit I was wrong.
Jun 2nd, 2015 at 11:26 am Rockfish(Q)
There are small groups of investors already here in the USA… I am sure illigally.
They have power calls every night & I have listened into a few… They are basically telling them to go out and recurit like crazy…
They said they did 50-60 million in sales last week, according to some guy named Pher from Sweeden …. All sounds like BS to me.
Jun 2nd, 2015 at 11:45 am anjali(Q)
onecoin does seem to have been doing some groundwork in the US.
they have tied up with ‘MLM leaders’ and prepped them on onecoin, and these guys are recruiting already as mentioned by rockfish too.
onecoin has ‘consulted’ with MLM attorney kevin thompson, probably about getting around USA compliance issues.
as ben has noted in post #315, the onecoin’s T&C has been changed recently to exclude USA from the list of restricted countries.
so, somethings in the air, and ruja ignatova wants to play with US fire.
yesterday they have launched their coinvegas, online gambling casino, where participants can pay using onecoins. can someone explain how this works? where does the money come from to pay the winner?
Jun 2nd, 2015 at 12:34 pm BEN(Q)
to me it looks like US is still restricted. the list is the same but written in different style
Jun 2nd, 2015 at 12:34 pm rockfish(Q)
Coinvegas , if real, is a brilligent idea. It enables onecoin to keep all profits in house.
First they make money signing up members and give their members a few coins. They then offer a chance to play their coins in their very honest casino and end up loosing their coons back to one coin ….
BooHoo member you have to buy more coins from us and start the process all over again.
Jun 2nd, 2015 at 12:40 pm Oz(Q)
FAQ is down, but I wouldn’t be surprised if prizes were only paid out in OneCoins…
Also the games they have look like cheap script games downloaded from somewhere… “Santa Spin”, really?
Jun 3rd, 2015 at 3:49 am BEN(Q)
impressive?? NOT! 😉
casinowebscripts.com/cheapest-bitcoin-casino-starting-solution.html
casino-del-mundo.com/
Jun 4th, 2015 at 5:04 am Rockfish(Q)
Here you go Ben… one of the leadership calls here in the United States.
youtube.com/watch?v=4eOjkfreFgE&feature=youtu.be
Jun 4th, 2015 at 5:06 am Rockfish(Q)
Here is some more OneCoin propaganda:
Jun 4th, 2015 at 5:13 am Rockfish(Q)
More USA propaganda:
(sorry could not post the picture, but he said his last weeks earnings were…..DRUM-ROLL….$7148.34
Jun 4th, 2015 at 6:59 am BEN(Q)
1 billion?? LOL
maybe 250.000.000 but not even close 1.000.000.000!
and they buy the cheapest Crypto Casino they can find for 100.000€?
Jun 4th, 2015 at 9:17 am M_Norway(Q)
Don’t over-estimate it. 🙂
It will primarily be used by a very few OneCoin investors, playing video slot machines.
I checked all jackpots >100 CR to find some games that actually had been used by someone, and then I checked “Top 3 winners” for each of those games. I found 3 different user names = 3 people had been active in 4 days (not counting “random activity”)
TOP 3 Winners / jackpots (75 slot games total)
3 * bcool2 “The Great Escape” jackpot 1,012.50 CR
3 * bcool2 “Cool Treasuries” jackpot 2,087.50 CR
3 * bcool2 “The Reel Mob” jackpot 1,657.50 CR
3 * jamte7 “Cleopatra Ancient Treasures” jackpot 376.25 CR
3 * jamte7 “Safari Reels” jackpot 770.50 CR
3 * shaheagle2 “Super Soccer Star 2” jackpot 134.45 CR
3 people have been active in a total of 6 games. Some unknown people have tried a few of those other slot games there too (it may be the same 3 people, but I didn’t bother to check).
Jun 4th, 2015 at 10:33 am M_Norway(Q)
Those “online casinos” are not very expensive to buy. I2G Infinity 2 Global had one, but I believe it was from a different “casino software provider”.
License № LGA/CL4/599/2009
Vuetec Gaming Limited
Jun 4th, 2015 at 12:11 pm Rockfish(Q)
According to their own figures. 350,000 members in 9 months, works out to be approximately 1300 new members a day.
Pretty impressive numbers for only getting a couple hundred likes on their Facebook page. If, they keep growing at the same rate, Walmart should start fearing their ranking as a top income company.
Jun 4th, 2015 at 1:19 pm M_Norway(Q)
And 3 out of 350,000 members seem to be interested in online casino. 🙂
The real number of members is probably a few thousand, if we ignore people “reserving their places in the network”. Members like that are usually fake ones.
Jun 5th, 2015 at 1:16 am Rockfish(Q)
Serbastian Greenwood just did a webnar ( I will post a link later for anyone wanting to listen to their bull shit ) but here is one amazing fact he threw out.
They have 285 members who are making the maximum on commissions.
They are each making 35,000 euro a week. So top 285 combined are takin out 9,975,000 euro a week, and since everyone is makin money they still have 385,000 more members to pay…. So they must be paying out 20-50 million euro a week just in commissions plus they are splitting & doubling everyone’s investment every 90 days….
All this without a single coin being sold on the open market…. They have one hell of a accounting system, but it must be all on the up & up …. Because they have been audited.
Jun 5th, 2015 at 1:23 am Rockfish(Q)
How stupid can their people be…. At this rate the top earning 285 will take out over 1/2 billion euro this year in commissions alone…
Jun 5th, 2015 at 3:16 am scammerssuk(Q)
I really hope the authorities step in quick before too many get burned – and they will get burned.
Too many snakes out there conning people to join this now “to double their money!”. This is how some of these scamming pimps are advertising now, like Rune F on the MMG forum.
Jun 5th, 2015 at 3:21 am Blue(Q)
That’s 35,000 Euro in Ponzi points right? Are they actually transferring cash yet?
Their eWallet is in a sad state of affairs. wallet.onepay dot eu Checkout the about section!
Jun 5th, 2015 at 3:32 am Rockfish(Q)
I am not sure… People here in U.S.A. posting they are getting paid every Monday…
Being points or money…who knows, but who the hell would want points???
Jun 5th, 2015 at 5:30 am LOL(Q)
hahaha funny joke there is NO about section, you are not doubling your money you are doubling your points.
Anybody with any knowledge of crypto currencies will tell you in 10 seconds this is a scam unless they are trying to sell you in.
They keep comparing this to Bitcoin but the two are completely different in so many ways.
Its sucha scam and most of them know it just wont admit it like most ponzi hahahaha
Jun 5th, 2015 at 5:44 am M_Norway(Q)
Why do you focus on their figures? 🙂
The number of members have been explained by “the Conligus team”. Conligus collapsed in February 2015. It probably didn’t generate many new members to OneCoin.
Conligus.org was most active in Italy and Spain. It reached a peak in early December 2014 (active from August 2014 to late March 2015). It didn’t have many real members, it only reached a 20,000 position on the Alexa ranking ( = few active members). It didn’t have any measureable visitors from China, Hong Kong or other Asian countries.
Conligus.com was active (primarily in Germany) from late September 2014 to early November 2014. It reached a 45,000 rank in Alexa = few active members. It didn’t have any measureable visitors from Asian countries.
Conligus collapsed in February 2015. People are usually not very eager to follow an upline into a new opportunity when the old one has collapsed. OneCoin has probably bought a member list with mostly fake members, “to be able to look more successful than it really is”.
OneCoin probably has a few thousand members.
OneCoin.eu was active from late November 2014 and started to collapse in late December 2014. It reached a peak in late December 2014, with an Alexa rank of 35,000 = not very active. In mid January 2015 the Alexa rank was close to 100,000, before it started to grow again.
Current peak in global ranking seems to be appr. 9,000 = relatively active (but not very impressive for an income opportunity).
As a comparison, yr.no (weather forecast) has a current peak in global rank of appr. 1,300 = thousands of daily visitors from multiple countries (e.g. farmers in Sweden, South Africa, Czech Repubic, Poland).
My guess is that the real number of members in OneCoin may be 1 or 2% of their figures = 3,500 – 7,000 real members.
My guess is supported by the fact that they had to fake the number of attendees to the Dubai meeting, showing a photo or a footage of a “huge audience” on the screen, carefully avoiding to show the real audience most of the time.
It’s supported by the low number of casino users, by Alexa ranking and by general online activity and “footprint” of the OneCoin members.
Jun 5th, 2015 at 6:16 am scammerssuk(Q)
This is a copy of a SPAM email I received just minutes ago. These are the types of people the authorities need to go after ASAP!
Jun 5th, 2015 at 6:18 am K Chang(Q)
@Rockfish — you have to remember, in MLM “fake it till you make it” is treated as the truth, not a saying.
They treat it as self-fulfilling prophecy. Thus, analyzing what they claim to be the truth is often waste of time… it’s what they WANTED to be true.
Jun 5th, 2015 at 6:31 am Rockfish(Q)
I post their numbers for one reason & one reason only…. To show how stupid anyone would have to be to beleive them…
Anyone with common sense could look at the figures and realize no business could afford to payout the commissions they say they do, and still guarantee a doubling, not once, but twice of your invesentment.
My post are sarcastic to show their stupidly.
Jun 5th, 2015 at 6:47 am MLM Broken Model(Q)
How about starting a list of OneCoin promoters here on this site so there is a record of them for future reference.
It’s time these serial ponzi scheme pimps get the attention and scrutiny they deserve.
Jun 5th, 2015 at 7:02 am M_Norway(Q)
In Ponzi schemes, the income claims will usually be about “points” (onecoins).
I can take a look at those posts if you tell me where to find them?
The brain doesn’t know the difference between a back office and a bank, unless people specifically have trained it to detect the difference. So people will tell about what they SEE. In Ponzi schemes, that will typically be about virtual payouts.
The brain can’t see the difference between crypto currencies and real money either. And “get paid” can be about mining, it doesn’t need to be about commissions.
The brain can’t see the difference between “now” and “maybe in the future” either. The expected profit will look just as real as a real profit.
Most investors will mentally “cash in the profit” from the moment they decide to invest, and they will see the profit as already earned.
That’s why you have posts here where people feel they have “seen the light” (that we eventually will realize that they were right all the time).
Jun 5th, 2015 at 7:47 am M_Norway(Q)
The OneCoin thread in the MMG forum has 94 posts since August 2014. The low number of posts may be related to that it was posted in the wrong forum cathegory (in “MLM and network marketing”).
OneCoin simply hasn’t been easy to sell. I have seen people trying to market OneCoin in cryptocurrency forums. That didn’t work. People interested in cryptocurrencies will usually avoid MLM versions.
Normally it shouldn’t have been very active here either. This thread was almost dead between September 2014 and February / March 2015.
Summary:
* MMG didn’t work.
* Cryptocurrency forums didn’t work.
* “Fake it till you make it” seems to have worked on some people. People generally seem to have accepted some parts of it.
Jun 5th, 2015 at 7:49 am RockFish(Q)
Jun 5th, 2015 at 7:58 am RockFish(Q)
M_Norway .. this is a facebook post where they claim 285 people making $40,000.00 per week. I think Joe Piper is a USA team leader??
Jun 5th, 2015 at 8:27 am BEN(Q)
joseph W piper needs more updated info AND FAST 😉
-She bought her titles: bulgarian bw of the year
-She bought an ad- second cover?? I was on third cover yesterday 😉
-She stole text from other books in her second book.
-the education content is crap. Why not mention it?
-“Launch of the First online CryptoCurrency Casino”??
HAHAHA there are already 50 of them.. AND BETTER!
and the audition is fake. Have you seen the report?
Joseph W Piper = a bad fake seller of shit. or are americans THAT STUPID?
Jun 5th, 2015 at 9:09 am M_Norway(Q)
“Lock your position” is the same as “Activation Kit”, containing a free ebook “The Richest Man In Babylon”. People signing up for that will be registered as active members for 6 months.
I’m pretty sure we will find many members in that group. 🙂
I tried to google “Onecoin Compensation Plan”, and found a “Millionaire Club Asia Team” blogspot blog with a visitor counter. OneCoin isn’t very active in Asia.
Jun 5th, 2015 at 10:00 am M_Norway(Q)
I tried to listen to him for almost 10 minutes, while I had some other useful things to do. He’s really annoying and “pushing”. I lost interest very quickly.
I don’t believe he’s very successful in marketing, but he may attract some people believing in the same “push the opportunity” ideas he believe in himself.
His idea of sales methods seems to be that he will need to convince someone, that he actively will need to convince other people. The only person he will convince with that method will be himself. So he’s probably a wannabe.
He has 4 followers on Youtube. His 3 OneCoin videos have 36 – 36 – 39 views. His other identifiable videos are “Five dollar funnel” and “$20 once can change lives”.
He seems to have been active for 6 months or less in marketing, and active (as a marketer) in OneCoin for 2 weeks. He mentioned something about OneCoin Academy, so he has probably been active for more than those 2 weeks.
Jun 5th, 2015 at 11:48 am Rockfish(Q)
Link below is a treat for every thing you want to know about OneCoin. It was a Webnar from the Great Serbastin Greenwood – self titled “Master Distributor” of OneCoin.
They call it “State of the Nation” live call.
youtube.com/watch?feature=youtu.be&v=GFkxswTLTeI
Jun 5th, 2015 at 7:19 pm M_Norway(Q)
It has 42 views, some of them probably from this website. 🙂
Finnish “OneCoin 2015” from Tommi Haapalainen has 4,759 views.
Swedish OneCoin videos have around 1,500 views
Official channel “One Coin” has 1,621 followers.
* “OneCoin and Conligus. When two Giants join forces” 1 month ago 4,894 views
* “Coin Vegas” 2 weeks ago 2,699 views
* “Audit Presentation. Dubai Event” 1 week ago 1,945 views
– – – – –
The number of views and followers reflect a few thousand paying members. Finland seems to be the number 1 country, with Sweden as a runner up. Many of the original organizers lives in Sweden.
I believe we should look at the numbers (followers, views, Alexa ranking, etc.) rather than on how “noisy” people are in marketing. “Empty barrels can make a lot of noise, etc.”. Most OneCoin promoters will try to make it look much larger than it really is, and we shouldn’t reflect the same type of view.
Jun 5th, 2015 at 7:25 pm scammerssuk(Q)
I can’t wait for this scam to collapse! I am fed up with seeing the same scamming dirtbags (ie Rune F) stealing from people and getting away with it!
Jun 5th, 2015 at 8:11 pm M_Norway(Q)
Rune F is noisy but not very successful. Look at post #2. He’s an “MLM junkie”, but he’s not very skilled. You will find 2 programs here started by him. They managed to recruit appr. 15 members each before they collapsed after 1 or 2 months.
He’s sometimes the reason for why programs fail. For OneCoin, he started a recruitment thread in the wrong forum cathegory in the MMG forum, under “MLM and network marketing” instead of “Hybrid programs”.
That last cathegory is where most passive investors will look for new opportunites, where Ponzi schemes usually will be marketed. So he will sometimes ruin the market for more experienced ones, because they won’t be allowed to start new competing threads about the same company.
Jun 6th, 2015 at 8:11 am BEN(Q)
credit cards still not working:
youtube.com/watch?v=E8axRNj1YFc
Jun 7th, 2015 at 8:03 am Rockfish(Q)
Now I see, how nice of Mr. Greenwood to point out that the credit card processors don’t like the way people use credit cards, so that is why they can not use them to pay for OneCoin….
And I thought all along they just did not want part of this Ponzi Scheme…. How silly of me. Serbastin & Dr. Ruja are always right.
Jun 7th, 2015 at 5:43 pm Blue(Q)
What he mean is they got too many chargebacks from customers who suddenly figured out it was a scam or affiliates were using stolen credit cards).
Credit cards offer refund protection for 30-60 days. Bank wires do not.
Either they don’t want to accept cards anymore due to the high volume of chargebacks or their merchant account was revoked due to the chargebacks/suspicious business model and can’t get another merchant account.
Jun 7th, 2015 at 7:16 pm M_Norway(Q)
What I meant was that Rune F doesn’t personally produce much results.
He may indirectly achieve some results if he manages to recruit other people that are more skilled than himself, e.g. if he “accidentally” have joined a program other people can be interested in.
For OneCoin, he was TS in the forum thread in the MMG forum from August 2014. It means that the moderators there will delete other direct recruitment attempts from others as “hijacking”, making it more difficult for others to use MMG as a recruitment tool.
The thread will become less useful to others, and they will not be very eager to join him either. So he will actually slow down the recruitment if he’s placed in a position like that.
I have classified him as “a small fish, pretending to be a bigger one”, i.e. I don’t really believe he deserves to be classified as a bigger fish.
I don’t believe Joe Piper deserves to be classified as a “big fish” either.
Jun 8th, 2015 at 12:56 am Rockfish(Q)
It is so bizarre to just watch & listen to some if their webinars or YouTube videos.
They have them every night and it is always the same thing…. Push, push, push now is the time. Get rid of your friends who don’t think the way you do…. Recurit new friends and and surround yourself with them.
They are still insisting Forbes magazine is real & since so many are questioning it… All forbes editions are going to do a cover story on Dr. ruja because she is becoming so famous….
Jun 8th, 2015 at 2:53 am M_Norway(Q)
Forbes Magazine IS real. 🙂
The cover page is real too. The only problem is that it’s not the front cover, but a paid advertisement styled as an inside cover.
Jun 8th, 2015 at 3:25 am BEN(Q)
I owe one, THE REAL ONE. (how often do you have to point that?)
Any ideas what to do with it? 😉
Jun 8th, 2015 at 3:56 am yo(Q)
All they have to do is a search on Forbes site search and see nothing shows up.
Jun 8th, 2015 at 8:42 am Rockfish(Q)
So, Ben has a copy…. Maybe a secret admirer of the Great Dr. Ruja
Jun 8th, 2015 at 8:00 pm BEN(Q)
and if I had the false one (could get it from Ruja in Dubai), what would I be then?
Jun 8th, 2015 at 9:16 pm Rockfish(Q)
Well, if it was autographed, it would make a nice fire starter. But, if you pledged your alligence and promised to worship her…. You may be able to replace Sebastian Greenwood as her lover & master distributior ( whatever the hell that is )
Jun 8th, 2015 at 11:14 pm BEN(Q)
I wouldn’t do that for all the money (and Onecoins + Tokens) in the world >:o
Jun 9th, 2015 at 12:11 am S.G.(Q)
4th of juli is a holiday in the US. I doubt they’ll launch anything in the US.
Jun 9th, 2015 at 1:46 am Rockfish(Q)
Ben…. OneCoins are as good as gold… Accounting to them they are backed up by gold stored in a vault in Dubai.
Jun 9th, 2015 at 1:50 am Rockfish(Q)
How can you pass this up??? They are going to show how to turn 5000 Euro into 1.5 million Euro in 90 days….
Jun 9th, 2015 at 9:38 am BEN(Q)
Haha I saw it today On Fb yes. Mynet.
Maybe you have seen this scum earlier?? China members are manipulated strongly. 176.000 of 358.000 should be from China. I’ve seen hardly anyone from China on FB or Yt. The first page over new members show a lot of Chinese new members. But their names are… FAKE?
here are some examples:
yyh7733 xc119 XC110 hl4308 wxz1681122 xxw6666 zgx4085 ll6129 agh3996 lly11188 th790 wangcm678 CYQ18887 gyh7187 xxww vkblj368 rwd5588 tll206265 WJJ333 zfz9533 lj51888 sm83 CJXZJYZZH xxw9999 trz77768 wlq271436 zyx8883 trz77767 zjr1688 gry6661 lp6129 wgl86253 wcy88888 hl1319 ysp7778 zsh67892
tinypic.com/r/359zfrm/8
tinypic.com/r/ir2nmr/8
i62.tinypic.com/k1qj4z.png
Jun 9th, 2015 at 9:44 am BEN(Q)
Ruja! What the hell do they smoke during your education???
Jun 9th, 2015 at 9:56 am Whip(Q)
lol. that is some serious scammage going on there.
Jun 10th, 2015 at 4:19 am Rockfish(Q)
I have noticed they are now quickly removing any negative posts from their Facebook page.
Jun 10th, 2015 at 5:43 am Rockfish(Q)
More BREAKING NEWS…. I just found out by listening to a USA webinar for OneCoin ( on my way home from work ), that just when I thought nothing more could be revealed about the Great Dr. Ruja, today they announced that she is now a member of MENSA, putting her in the top 2% of IQ Worldwide.
They said this will prove that the company has great leadership at top.
Jun 10th, 2015 at 5:45 am BEN(Q)
best time to write should be now. 0.44 now in bulgaria
Jun 10th, 2015 at 5:48 am BEN(Q)
Well, I plan a new video .. Best of Dr Ruja (from the webinars) I will name the video after mensa. I don’t think they will be happy to hear how stupid she really is.
Jun 10th, 2015 at 5:59 am BEN(Q)
by the way, Juha Parviala said that the founder of the Bitcoin is now working with Dr Ruja.
He joined OneCoin because he saw how great Onecoin is coming to be. Maybe that’s why Sweden is hot right now.
Jun 10th, 2015 at 6:35 am Rockfish(Q)
I have been banned from posting on OneCoin Facebook page. I did just message the JackAss ( who ever he is ) that is making the USA hangout videos that they put out every night…
He is so sure forbes scam is legit, that he challenges anyone to 10,000.00 USD to prove him wrong. He has a copy right in front of him.
Jun 10th, 2015 at 6:51 am K Chang(Q)
I hope you’re being sarcastic, as taking that as “serious” would have sunk OneCoin for sure.
NOBODY knows who is the founder of BitCoin, who went by online handle “Satoshi Takamoto”. NO ONE has seen him (or if they did, knew him to be Satoshi Takamoto). Thus, it’s be IMPOSSIBLE to verify if he joined ANYTHING.
Any one who more than superficial crap about Bitcoin would have known that. And only scammers would pass that on with a straight face.
Jun 10th, 2015 at 9:09 am M_Norway(Q)
“The brain will easily get confused”.
A description like that can probably be used to identify WHERE people are misleading themselves, and WHY they are misled.
People will be confused because they SEE it as money. The reasoning LOOKS rather meaningful, e.g. it won’t trigger any reactions “It doesn’t work that way!”.
There’s probably possible to find a few places there where the right question or comment will trigger some reactions, where people will be forced to THINK “Is it really so?”.
Jun 10th, 2015 at 9:43 am BEN(Q)
I know that. But he claimed he was from Sweden and he knew him. 1-2 months ago that was mentioned on meetings in Sweden several times.
Juha drinks too much 😉
Jun 10th, 2015 at 4:08 pm Blue(Q)
Do you have a source I can listen to for this? Was it a OneCoin insider who stated that or just some random affiliate trying to gain signups?
Jun 10th, 2015 at 7:15 pm Rockfish(Q)
Blue,
Try this… I think it is the one, but please do not watch it alone, as I do not want you to fall under his power and then run out and invest your life savings into OneCoin.
youtube.com/watch?v=cqffdAM0_JY
Jun 10th, 2015 at 7:51 pm Rockfish(Q)
Blue, If you don’t have time to listen to all the hilarious bullshit… He starts talking about “The Great Ruja” about 26 minutes into his video …. Everyone enjoy.
Jun 10th, 2015 at 9:14 pm M_Norway(Q)
One main reason for why people can fall for a scam like Onecoin is that they already believe in certain ideas about money, value, investment, currencies, Bitcoin, Bitcoin mining.
Many of those ideas are half truths, e.g. the Forbes Magazine story is a half truth. It’s not really an interview but a paid advertising campaign. It’s not really the front cover but an inside cover. It’s a country specific version rather than the international version of Forbes. It’s not what people believe it is but most people can still be fooled by the story.
All the MLM cryptocurrencies seem to rely heavily on comparisons to Bitcoin, e.g. “The next Bitcoin”, “better than Bitcoin”, bitcoin exchange rate graphs, the bitcoin mining idea.
“Better than Bitcoin” is usually about “backed by real gold”, “backed by a reserve fund”, “centralized”.
Investment ideas are usually about how much the value will grow in the future, e.g. when the coins will be publicly offered. “Get in early while the price still is low”. “No risk, the currency can only increase in value”.
HOW TO AFFECT THOSE IDEAS
“If you wish to change how people see something, then you must first identify how they see it”.
That’s plain and simple communication logic, you must communicate their ideas rather than your own.
New ideas will need to be close to the ideas they already have.
Conflicting ideas should preferrably be some ideas they already have, but haven’t combined correctly yet.
EXAMPLE
I used some of those methods in the thread BLGM Better Living Global Marketing (penny auction Ponzi scheme). I used “John’s” own ideas about the transactions. His money ended up in his sponsor’s bank account, while he got some “Hong Kong dollars” in a back office he could use to buy “investment units” with 2000 “bids” in each unit.
Investors like John will usually change their mind if you introduce other ideas they already have accepted as true, their own ideas about truth. So I compared his idea of the value of those “investment units” with other types of investment units, e.g. “units of gold”, “units of orange juice”.
Units of gold (e.g. coins) can easily be sold in a normal market. The market value will not be affected if one investor pay a very high price for a few units of gold.
Units of bids will have a very limited market. It’s only people like himself (members of an opportunity) that realisticly can be interested in buying those units. The market value outside the network will not be affected by the price the investors pay for it inside that network.
Units of orange juice usually have relatively low market value as an investment. That value won’t be affected even if the investors pay a very high price.
Most normal investors will not be very interested if they’re offered an investment of $1,160 per unit of orange juice. Investors simply won’t believe in claims about “imagine the raising value of your orange juice investment, when the orange juice will be offered publicly”.
– – – – –
John already had some ideas about the value of gold, so he quickly disappeared from the thread when I mentioned that, and used the term “market value” rather than “value of investment”.
The orange juice was used to create some “contrast” to the idea of value.
Jun 10th, 2015 at 9:23 pm Blue(Q)
“Entrepreneur of the year in Europe” He is just making things up as he talks. It was “Business Woman of the Year in Bulgaria” and was probably a sham award.
Because Europe is a country, We all speak French here and Paris is our capital.
Yeah that Mensa line. I don’t know where he sourced that. It wasn’t on the powerpoint.
Jun 10th, 2015 at 9:41 pm Rockfish(Q)
Blue, Their hangout videos are the same thing… Night after night, just made up shit to brainwash their 330,000 made up followers…. Sell,sell,sell we will all be rich.
Their open trading is to begin on the 15th… That will be interesting, as will July 4th opening here in the USA
Jun 10th, 2015 at 10:55 pm M_Norway(Q)
My previous post was extremely long.
It had 3 elements:
1. Identify the problem (from one specific perspective)
2. Put up some basic solutions to it.
3. Identify some methods.
ONECOIN INVESTORS
To change the mind of some potential or current OneCoin investors, the methods will need to be different.
People generally have very vague ideas about value, what value really is and the different types of value. Usually many different types can be mixed together in one big group called “VALUE”.
People can be willing to pay for something that doesn’t really have any monetary value or value as an investment, but still can feel like “the right type of value” because of their own expectations or ideas.
OneCoin investors pay for those tokens because they believe it has some type of value (as a digital currency), a value that will rise from 100 euro to 396 euro within few months, before they can use it to buy another type of digital currency via mining, and that the other digital currency will rise in value from 0.60 euro to 50 or 100 euro within 3 years, reaching a value of 33,000 euro or 66,000 euro.
The value of the tokens?
The tokens can be used to pay for onecoin mining. It doesn’t have any value other than that, e.g. the investors can’t reasonably expect to sell tokens to people outside the network. The market value will be zero.
Price?
The fact that people pay 100 euro for 1000 token (or 5,000 euro for 60,000 tokens) will not affect the market value. The market value will be zero anyway, unaffected by the price they have paid.
Here’s one of the confusions. People often confuse PRICE and VALUE, they see it as the same factor. They don’t separate between price and value.
Monetary value?
The monetary value of the tokens will be zero. Tokens don’t have any monetary function outside the network. If they use tokens to pay for mining, then the exhange of value will be zero for zero.
One of the confusions is here. The vague ideas people have about value will make them accept ideas that simply are untrue.
“Growth and splits”?
The purchasing power of the tokens will grow, but since they only can be used to purchase mining services then the monetary value will be zero.
Here’s one of the confusions. People confuse that internal growth of purchasing power inside the network with purchasing power in the real world.
Jun 10th, 2015 at 11:20 pm M_Norway(Q)
One way to attack that idea is to focus on the end result, when all those onecoins have grown in value.
The only investors here are the members of the network. They probably plan to sell the onecoins to each others for that price, so everyone can make a profit on the investment.
“Jerin” in post #246 plans to buy onecoins from “?” in post #258.
“?” in post #258 plans to buy onecoins from “Jerin” in post #246
Then they will both have made a profit on the investment. They will also have the same number of onecoins as they initially had. The profit can be used to pay off the loan they took to buy onecoins from the other, so they will also become debt free.
Jun 11th, 2015 at 3:55 am Bitminer(Q)
Today the Hungarian National Bank issued a warning to potential investors regarding OneCoin!
english.mnb.hu/Root/MNB/Sajtoszoba/mnbhu_pressreleases/mnbhu_pressreleases_2015/mnbhu_sajtokozlemeny_20150610
The article is hungarian only, correctly pointing on the fact, that onecoin is centralized and don’t have any real market value, tagging the whole thing as a ponzi.
Jun 11th, 2015 at 9:11 am Oz(Q)
Thanks for the heads up Bitminer – https://behindmlm.com/companies/onecoin-investment-warning-issued-by-bank-of-hungary/
Jun 11th, 2015 at 3:07 pm Blue(Q)
Finally governments take notice.
Looking at Alexa onecoin site shows early signs of leveling off.
Jun 12th, 2015 at 12:18 pm BEN(Q)
check out my 3 latest videos… a new bullshitting show, starring OneCoins stars Dr Ruja and Mr Greenwood.
youtube.com/channel/UCAo7jAnXUNYKvdpx69B9kMw/videos
Jun 12th, 2015 at 2:16 pm BEN(Q)
i think i never laughed so loud over a youtube video.
turn the sound up and watch it with the autogenerated subtitles.
“that’s why it’s so bad at bowling at cloyne bed”
Her Oxford english is outstanding!
youtube.com/watch?v=1kYAMG6tvI4
Jun 13th, 2015 at 2:28 am Loni(Q)
Chatter is going around that OneCoin is suppose to split today, 6/12/15. Do you know anything about it splitting today, or in the future?
Jun 13th, 2015 at 3:18 am M Norway(Q)
Nope. But it will only be the tokens that will split. The money is still deposited in Ruja’s bank account, except for all the money she has already used. 🙂
For some reason, the experienced ones like Ruja and Nigel seem to be more interested in money than in tokens. They will gladly give people tokens if people give them money.
The investors on the other hand seem to be more interested in tokens than in money. They like something that can “split” and “grow”, and money doesn’t work that way.
Jun 13th, 2015 at 3:47 am Whip(Q)
how does one split ‘0’?
Jun 13th, 2015 at 4:11 am Rockfish(Q)
Basic math …. Any thing times zero = zero..
They never really had anything…. Ruja got their money & all they have are memories of their money.
Does anyone really know the educational background of the so ( or self ) called Dr. ruja ?
Jun 13th, 2015 at 4:18 am M Norway(Q)
That’s WHY you can split them. Digital currencies cost nothing to produce, so they can easily double the number of tokens whenever they want.
Money doesn’t work that way. To double the amount of money, you will need some people bringing in more money.
That’s why Ruja tries to attract people willing to pay for tokens. It’s the only way for her to multiply her money.
Jun 13th, 2015 at 4:50 am Loni(Q)
I thought Ruja terminated Nigel, a falling out?
Jun 13th, 2015 at 5:19 am M Norway(Q)
It’s possible, I’m not updated on that topic. I assumed that he was still a part of the team, but working in the background.
He was “officially” terminated on February 24 2015, according to Facebook, “because he lived up to his online reputation”.
That’s one of the reasons for why people didn’t really believe in it. It seemed too naive to believe that he wouldn’t live up to his reputation. 🙂
facebook.com/permalink.php?id=1474707356148392&story_fbid=1556911947927932
Jun 13th, 2015 at 5:55 am Loni(Q)
So she gets rid of him for betrayal of trust and says it will be hard for him to find another project, but what about her?
From the things I have read about her, if true, she doesn’t have any room to talk!
Some are saying that this could be a bigger scam than Zeek. I guess time will tell…
Why hasn’t someone gone after her? It’s not like she is hiding.
Jun 13th, 2015 at 6:24 am M Norway(Q)
That was another reason for why we didn’t believe her. She tried to tell people that “you won’t need to search for him on the internet”.
That last piece of information wasn’t really necessary. It would make some sense if she already knew that he had planned a less visible role.
Jun 13th, 2015 at 6:33 am Loni(Q)
Got it! Amazing! I just found a YouTube video that an investor did yesterday.
He was saying, they are all looking forward to the “split” tomorrow (Fri. 12th).
I haven’t found anything yet, that says it has. Do you know?
It may not even be real, maybe just a marketing tactic to have gotten more people in before today, just a thought?
Jun 13th, 2015 at 7:07 am M Norway(Q)
1.
According to Alexa rankings (visits to websites), it is much smaller than it pretends to be. There’s a lot of fake members mixed in. I analysed Alexa rank in post #337.
Current peak (Global rank) is around 9,000 = “decent enough, many members”. Many members can be anything from 2,000 members to 20,000 members, it depends on what people do when they visit the website.
2.
In 4 days, only 3 of the so called 350,000 members had been interested in the online casino CoinVegas.eu. I analysed it in post #327.
People had only tried about 12 of the 75 slot machine games, 4 days after the casino had opened. It was unchanged the 5th day.
Jun 13th, 2015 at 7:12 am M Norway(Q)
A split in tokens will probably be real.
It doesn’t cost anything to give people more tokens, and it will make some people become more interested (they will feel their money is growing).
Jun 13th, 2015 at 9:25 am Rockfish(Q)
Monday (June 15) will be a telling day. This is their announced day for open trading & selling of their Onecoins.
Jun 13th, 2015 at 9:40 am Oz(Q)
If it’s through that exchange website they set up then it’s not really open. They obviously control that and nobody but OneCoin affiliates are going to use it.
In effect all they’ve done is put the internal exchange OneCoin controlled onto a separate website.
Jun 13th, 2015 at 2:46 pm BEN(Q)
Greenwood – We will create thousands of millionaires in 2015
youtu.be/i6ZfmyvnQP0
Greenwood – Oneacademy future plans
youtu.be/D7Ake4obAEs
Jun 14th, 2015 at 4:57 pm Blue(Q)
I don’t think they are going to be trading on xcoinx. It will probably all be done on the dashboard. The xcoinx site is just for referencing and used for deceit.
They are now claiming to be #2, right under Bitcoin. They were #3 a week ago. (on their sham xcoinx site that is)
They haven’t made any public announcement in 11 days. Also Alexa shows onecoin eu site leveling and dipping. Ripe time for a split.
Jun 14th, 2015 at 7:31 pm Rockfish(Q)
Does Serbastian EVEN thinks before he talks????
They are going to create thousands & thousands & thousands of millionaires in 2015. Does he know that adds up to billions & billions & billions of dollars?
Jun 14th, 2015 at 8:03 pm Blue(Q)
It’s not supposed to make sense. They are targeting the gullible that will not research or are incapable of doing the math.
They know how to trigger brain chemicals to part you from your cash.
Jun 14th, 2015 at 8:09 pm BEN(Q)
lol did you see my next video in your dreams??
“Sebastian triggering brain chemicals to buy tycoons” Lol but i have a better name already.
Tycoon – the sexiest package we sell.
Jun 14th, 2015 at 10:56 pm Rockfish(Q)
Heck with forbes ….. I hear Ruja is in Bulgarian Playboy next month
Jun 15th, 2015 at 4:40 am George(Q)
ahahaha 😀 maybe she’s already in contract with Brazzers xD
Jun 15th, 2015 at 4:40 am Loni(Q)
Someone said Monday the (15th) is when the split is to happen. It was suppose to have happened last Friday the (12th).
Was that all a lie to get more people in? Who owns the xcoinx site?
Jun 15th, 2015 at 6:27 am BEN(Q)
So……Tragical??? How low IQ you might have if you join after listening to this bullshit? And I mean not only bullshit..
youtube.com/watch?v=J71h3ejng3k
Trere is a lot of and a lot of and a LOT of bullshit in the speach.
Jun 15th, 2015 at 9:01 am RockFish(Q)
look at what the USA facebook minions are posting:
Jun 15th, 2015 at 10:44 am Rockfish(Q)
Now…. If it was a VERY, VERY, VERY, VERY, VERY, VERY good source, then I could beleive it.
Jun 15th, 2015 at 4:22 pm Blue(Q)
Splits occur when signups slow down. The higher the split barometer goes, the slower the money is coming in.
They are giving affiliates an opportunity to get more signups before the split, making people work double time.
Once the split happens, affiliates don’t go into a rush to sign people up as they would have just before a big split. They are prolonging it for this reason.
xcoinx is owned by OneCoin. That is all you need to know. They moved themselves up to #2 now. They are the second best cryptocurrency in the world!
Their demographic are the type to never question anything, they already paid a lot of money to join, so emotions are tied to the program.
They don’t want to believe it is all a lie.
Jun 16th, 2015 at 1:39 am Loni(Q)
Xcoinx owned by OneCoin, wow. OneCoiners aren’t going to believe that, and will want proof? Where is your proof of that?
A friend of a friend bought a small pkg. believes in it 100%, and said it is trading now, and the split is happening on Tuesday (16th), go checkout xcoinx.com.
Interesting, how I hadn’t heard of xcoinx until reading it from someone’s post here, and then I asked what it was, and now I know.
I don’t think anyone is going to believe what you said, “xcoinx is owned by OneCoin. That is all you need to know.”
Do you think having solid proof would lend some credibility to you saying that, or credibility period, and would maybe get some attention, maybe some hope of waking up some people, just a thought?
Heck, I know it would be for me! This is very sad to me, for all involved, but especially for many that don’t have money, and have sacrificed something for this. Soooo sad….!
Jun 16th, 2015 at 2:00 am Blue(Q)
NOLINK://onecoin.com and NOLINK://xcoinx.com were both purchased from SEDO back-to-back on March 26, 2015. Like immediately after one another.
NOLINK://cryptodomains.com/onecoin-com-sold-for-11000-at-sedo-dnjournal/
Look at the next sold link.
It is the only “exchange” that even lists OneCoin. It is also the only exchange OneCoin ever advertises.
I’m sure more evidence can be drummed up. Unrelated to the sale, The FAQ section was stolen from Bitstamp and not even changed. Everything about xcoinx is in a port state of development and “coming soon”
Jun 16th, 2015 at 2:40 am Loni(Q)
Oh, wow! Yes, I see that on xcoinx, “coming soon.” What’s coming soon?
This is just awful! Do you think they will open in the US, even though they announced at the end of May they did, but now it’s July 4th. officially? I thought May was official?
Someone said, maybe in this post, they were cleared with the SEC issue, whatever that was all about?
Do you think any of them will set foot in the US? There seems to be a lot of characters (shady) on stag with Ruja, of course, if all true?
Jun 16th, 2015 at 3:29 am Rockfish(Q)
Have have not seen nor heard any chatter of trading… But, if they want to buy and sell worthless coins amongst themselves… So be it.
Why would anyone else want them… You can’t use them anywhere, except their childish casino.
Jun 16th, 2015 at 4:07 am Loni(Q)
Well, that’s true. So with the casino, if the affiliates use their coins or tokens and they lose, then that gets funneled back into the company, right?
Is the One World Foundation set up the same way, donate and it goes right back to the company, or I should say, Ruja?
It will be interesting to see if there is a split on Tuesday now, (16th). It was suppose to on Friday (12th), that’s come and gone, and today, Monday (15th), soon to come and go too.
You would think this would throw Red Flags, doubts to the affiliates, but I guess not, must be some good kool-aid they are drinking or smokin’ some good stuff.
Jun 16th, 2015 at 5:48 pm BEN(Q)
I try to find a way when people could edit 1 cell (50000). Anybody knows?
docs.google.com/spreadsheets/d/1dyS9hzrZ0TWqH-tL1-FKWx-JHlSW8OZFmadIKsmfezI/edit?usp=sharing
docs.google.com/spreadsheets/d/1-yF5RYYjCnOsfm_aMAz0sP1qFi9jQpRh5yq5gqWo0Dg/edit?usp=sharing
docs.google.com/spreadsheets/d/1_7c_Nm3Ys9NpHPExsSLh-zmZPDsreGMwNRJblKwDyZU/edit?usp=sharing
Jun 17th, 2015 at 3:20 am Loni(Q)
Ben, I looked at your links, and you have invested time in all you have presented on your sites. I like the $100 bill!
I wonder if the split happened today, as projected, and everybody feels rich having doubled their tokens? So now they can go mining for coins? Still not fully understanding all this, maybe best I don’t.
Does anyone have any updates?
Jun 17th, 2015 at 3:30 am Blue(Q)
For being such a “successful” program, they sure don’t interact with their Facebook much.
Their last post was like 2 weeks ago. Do they communicate more often through the dashboard?
Jun 18th, 2015 at 3:45 am Loni(Q)
Does anyone know if the split happened with OneCoin on Tuesday?
Jun 18th, 2015 at 4:34 am M Norway(Q)
I have no idea. We don’t see it as important. It can be compared to the VIP Profit Points in ZeekRewards. I didn’t focus on the “daily profit share” there.
“Something” is growing, but it surely isn’t money. People only believe it’s a type of money.
From the MMG forum post #112:
Jun 18th, 2015 at 4:53 am M Norway(Q)
Menu “File” → “Download as”
They can’t edit it online, so the only option is to download a copy of it. I actually tried to edit it online, but it didn’t work.
If your intention was to post an “Online OneCoin Calculator” then you will need a different solution (not upload a file, but upload a solution).
One example:
ablebits.com/office-addins-blog/2014/03/28/excel-online-create-web-based-spreadsheets/
It has the following articles:
Note:
I didn’t CHECK anything there, I only looked for the right TYPE of material.
Jun 18th, 2015 at 10:14 am BEN(Q)
the split happened yesterday.
postimg.org/image/c6t5gefpj/
50% you mine at once
50% blocked for 30 days
postimg.org/image/h1f4q67ff/
1.05 1.1 The Circus is rolling again 😉
I wanted to see the splitbarometer but it is “for maintaince”
Jun 18th, 2015 at 10:36 pm Rockfish(Q)
These people here really believe the are the next Bill Gates. They are yakking how they are all becoming Multi-millioniars and are planing on buying yachts, islands, and retiring just by their one single investment.
There are going to be a lot of long faces in a few months.
Jun 18th, 2015 at 11:04 pm Ross(Q)
i m from china and my best friend joined this fu*king game! go to the hell Onecoin!
Jun 19th, 2015 at 1:30 am Rockfish(Q)
OneCoin will make thousands & thousands & thousands of millionaires in 2015
Jun 19th, 2015 at 2:10 am K Chang(Q)
A million in OneCoins that won’t be worth anything in real life is the most likely result.
Jun 19th, 2015 at 2:28 am Loni(Q)
Ross, is it true that 80% of Chinese in China are in OneCoin? I find that hard to believe and really don’t.
Jun 19th, 2015 at 3:36 am Rockfish(Q)
Loni… Another new math invented by onecoin. 1 billion people in China, so 80% of that is 800 million, yet membership is only 400,000 ???
Also, if all 400,000 bought the biggest package it would equal 2 billion in assets, yet onecoin is able to create 3000 millionaires equaling 3 billion and still have the funds to triple the investment of the remaining 397,000 members. I have to learn their math.
Jun 19th, 2015 at 7:19 am BEN(Q)
Ross!
Now 218,000 of 417,000 members are suposed to be from China.
I haven’t seen any single event from China.
I’ve noticed also strange names from new China members. Any reason to such names??
xxw6666 zgx4085 ll6129 agh3996
lly11188 th790 wangcm678 CYQ18887
gyh7187 xxww vkblj368 rwd5588
tll206265 WJJ333 zfz9533lj51888
sm83 CJXZJYZZH xxw9999 trz77768
wlq271436 zyx8883 trz77767 zjr1688
gry6661 lp6129 wgl86253 wcy88888
hl1319 ysp7778 zsh67892
Jun 19th, 2015 at 4:47 pm Blue(Q)
Ben, it could be that they do not understand the Latin alphabet and select random set of letters and numbers, although there is a pattern in some of the naming.
The Chinese signup page could have a built in username generator as well. Just speculating.
Also found more ebook stealing.
The Collapse of the Dollar and How to Profit from It By James Turk, John Rubino €10 (Level 1 Package, Page 7)
NOLINK://books.google.se/books?id=zQxJEJNQXfIC&pg=PA4&lpg=PA4#v=onepage&q&f=false
Add to your tumbler.
Jun 19th, 2015 at 7:54 pm Blue(Q)
Another one:
Rich Dad’s Guide to Investing in Gold and Silver by Michael Maloney (Level 1 package).
Jun 19th, 2015 at 11:13 pm BEN(Q)
the level 3 is also found for free on the web.
dummies.com/how-to/content/why-chart-securities-price-trends.html
funny to see this list growing 🙂
Jun 20th, 2015 at 12:41 am Loni(Q)
Are you all talking about Ruja’s book “Learning for Profit” or the levels you get when you buy a package, I assume the latter?
The info. is stolen from other books? If I have this right, the levels are based on the package you come in with, and then you get access to an ebook, and some of the material is stolen?
How does one know what is in the levels if you haven’t joined to get access to the ebook to know some of the info is stolen?
Wonder if the authors know, and if they do, is there anything they can do to Ruja? Blue’s link produced only one website on the first page. I will try again.
Jun 20th, 2015 at 12:47 am Blue(Q)
Loni, the PDFs are accessible directly, they are not locked behind a paywall. We are talking about the education packages you are technically buying when you give them money.
NOLINK://onecoinscam.com/#plagiarism
See the list and comparisons yourself.
Jun 20th, 2015 at 12:50 am Blue(Q)
Also look at ben’s compilation:
NOLINK://drive.google.com/file/d/0B4CyzrtK43UvY09KY19XeXBQMG8/view
I wouldn’t be surprised if her “Learning for Profit” was full of stolen content. We can’t tell for sure as it’s not in English. Only Bulgarian and Chinese I think.
Jun 20th, 2015 at 1:06 am Loni(Q)
Ok, thank you Blue! Learning….!
Jun 20th, 2015 at 5:07 am M Norway(Q)
You can buy almost anything on the internet, from fake members to fake Facebook “Likes” to fake Alexa ranking to fake followers on Facebook, Youtube or Twitter.
Donald Trump has a huge number of followers and likes from the Phillippines, Indonesia, Mexico, Malaysia, etc., from people who don’t really care who he is as long as they get paid to “like” him.
It’s not very expensive either. 5,000 “Likes” on Facebook can be bought for $1.80 USD ($0.36 per 1,000 “Likes”), according to one of the sources I checked.
Jun 20th, 2015 at 9:16 am Misty(Q)
I am just getting ready to start this business but am still a tad hesitant.
The person I am signing up with is someone I trust but he has more money to waste.
He is a very well off, He placed me first beneath him and already placed a millionaire below me and several 5k packages (I know we get paid off the weaker leg so having a power leg doesnt help much in this comp plan) BUT I am still leaning toward this MAYBE a scam, but if that is true why have a few people well known in the bitcoin world just joined with 5k packages.
Is everyone stupid to join this, or is their hope in the numbers and the 500,000 people who have joined are making a new currency?
Thank you for any input. I truly want an honest answer as I am not well versed in cryptocurrency but am well versed in MLM.
Jun 20th, 2015 at 9:18 am Oz(Q)
For the same reason you’re considering it.
The promise of Ponzi riches makes otherwise intelligent people ignore the obvious and do very stupid things.
Jun 20th, 2015 at 9:28 am Misty(Q)
OZ.. thank you, that is what I was thinking and if they have one million dollars, 5k is nothing, compared to $500.00 being half of my paycheck.
One other thing– The split did happen and they are doing business in the USA (does this mean anything?).
The ONLY reason I am leaning towards being foolish and doing this is because I do believe the world will move away from cash. and no one thought myspace could be replaced and then came along facebook.
There is a chance a new cyber coin will surpass bitcoin and the power in numbers from a MLM is huge. When there are two million people in this will that matter yes or no?
Thank you OZ for being helpful to a dork (me).
Jun 20th, 2015 at 9:49 am Oz(Q)
Only that EU recruitment has probably slowed down, and now they’re going after the big Ponzi $$$ in the US.
There’s enough suckers there that probably think OneCoin being based in EU means a regulator won’t eventually shut them down. So it’ll probably work out for them initially.
Then again, given the size of OneCoin and response we’ve seen over the last 12 months, maybe not.
I’m personally in wait and see mode on this one. We know enough about the business model to confirm OneCoin is a scam, this is now the quiet time before the avalanche of regulatory warnings hit (Hungary has kick-started things off but nothing too detailed).
Different motives though. The investment mindset and lack of outside participation in an MLM cryptocurrency will always stall them.
As such the cryptocurrency just winds up being worthless Ponzi points, with talk about getting the public to use the coins only after funds have been invested.
That doesn’t work because nobody’s going to use coins backed by Ponzi investors, who only “believe” in the coin because they think new suckers buying into the coins (Ponzi points) are going to make them rich.
If anything these frauds are damaging otherwise legitimate cryptocurrency ventures, as they’re likely going to be responsible for increased regulation being implemented at some point. All it will take is a major cryptocurrency MLM Ponzi bust in the US for that to happen.
And OneCoin are seemingly positioning themselves to be that catalyst.
Jun 20th, 2015 at 10:00 am Misty(Q)
OZ< GOD bless you, I will hold off.
Jun 20th, 2015 at 10:01 am Oz(Q)
By all means don’t just take my word for it. Do your own research, starting with OneCoin’s business model.
Work out where the revenue is coming from and that should be where your due diligence begins and ends, at least as far as investing goes.
Blog coverage will typically extend deeper than that (reader comments are worth reading on our OneCoin articles), but that’s above and beyond what you need to work out as an investor.
Jun 20th, 2015 at 10:08 am M Norway(Q)
If you give your money to someone in exchange for something that doesn’t have any real world value, then you will most likely end up as a victim of a fraud.
Your money ends up either in your friends bank account, in his upline’s bank account or in Ruja’s bank account. The monetary value ends up there in a bank account that belongs to someone else.
You will get a code or a membership package in exchange. It doesn’t mean that the code or membership package have any monetary value. The content of the membership package can be completely worthless.
You will have much better chances if you realize that tokens or onecoins don’t have any monetary value.
The best way to make money is to do like your sponsor does = try to sell the codes or membership packages to other people. If you can’t make money on recruitment then you shouldn’t join either.
Jun 20th, 2015 at 10:50 am Misty(Q)
Thanks OZ and M NORWAY for your input.. my gut is yelling NO, but my Head is yelling YES 🙂 I am so conflicted lol.
Have you seen this nolinkhttp://b4bschwaben.de/nachrichten/kempten-oberallgaeu_artikel,-Gusswerk-Waltenhofen-ist-verkauft-_arid,48338.html
IT is from 2010 and says Dr. Ignatova bailed out a company by buying it and she is very well respected in the article and all her credentials match (law degree/Havard/etc):
nolinkhttp://www.b4bschwaben.de/nachrichten/kempten-oberallgaeu_artikel,-Gusswerk-Waltenhofen-positives-Fazit-nach-Insolvenz-_arid,109222.html
Jun 20th, 2015 at 10:57 am Oz(Q)
I haven’t, but I’m also ignoring most of the marketing rhetoric surrounding OneCoin.
Marketing crap doesn’t override a business model. Iganatova could be Mother Teresa reincarnate for all it matters, OneCoin is still just a fraudulent Ponzi scheme.
Jun 20th, 2015 at 11:06 am M Norway(Q)
It’s possible but not very likely.
The value of bitcoin is based on that it can be used in transactions in a normal market, i.e. that you have merchants accepting it as a payment method for real world goods or services.
If people stop using bitcoin as a payment method, it won’t have any value as an investment either.
OneCoin is based on a different idea, on the idea of investors joining an opportunity because they believe onecoin eventually will get some real world value.
It won’t really matter if they are the only ones accepting it.
The value of onecoin will be determined by its value as a currency = what you can buy for it in a normal market. And currently you can’t even buy a cup of coffee for 100 onecoins.
So it doesn’t really matter if there’s 2 million people that can’t buy a cup of coffee for their 100 onecoins.
Jun 20th, 2015 at 11:44 am Misty(Q)
Oz and M.Norway.. Thank you both so much. I really appreciate your words of wisdom.
Jun 20th, 2015 at 1:05 pm viribusunitis(Q)
@Misty… Do some more research regarding that factory purchase.
The good doctor and a friend/relative BANKRUPTED the company AFTER bleeding it dry and are being sued by the employees for fraud.
Jun 20th, 2015 at 1:39 pm viribusunitis(Q)
Below is the relevant article about the latest developments at the Gusswerk. Basically bankruptcy fraud by the good doctor.
nolinkhttp://www.dkp-muenchen.de/index.php?option=com_content&view=article&id=623:allgaeu-krimi-um-das-gusswerk-waltenhofen&catid=35:kategorie-dkp-allgaeu&Itemid=44
Jun 21st, 2015 at 1:24 am Loni(Q)
What language is your link in? Don’t know how to translate on my computer and not asking you to give me computer lessons here, but I only know English.
I saw under “latest” Finland is now being investigated? Isn’t Juha from Finland? yelp.com/biz/juha-parhiala-kokkola
He’s being living in Thailand for many years now? businessforhome.org/2015/05/juha-parhiala-onecoin-hits-625000-per-month/
Isn’t he the master distributor of OneCoin. Whew, he makes a lot of money from OneCoin!
I think I read somewhere, if true, he approached Ruja with the mlm arm of OneCoin and so it was born? She said she didn’t know anything about mlm/network marketing. I do find that hard to believe, don’t you all?
Someone needs to comply all this info being found, with proof and all the characters involved, been involved and write a book!
If OneCoin is going to open July 4th in the US, doesn’t that mean they have been approved by the SEC? Is there going to be an office or offices in the US? IF the SEC knows already, which I can’t imagine they don’t, why can’t it be stopped before they enter the US.
People have been signing up in the US for quite sometime now.
Is there anyway to check with the SEC to see if they were issued a license and/or document to come into the US?
Does GCR, Global Currency Reserve fall into the same category? It’s an mlm too? They are in the US operating, aren’t they? They haven’t been stopped…yet.
Jun 21st, 2015 at 2:12 am Oz(Q)
Language of the article is Finnish. Chrome can auto-translate.
The SEC don’t approve MLM opportunities.
If anything happens on July 4th then it will probably be a meaningless token event.
There’s definitely unregistered securities at play with the OneCoin comp plan, so they’ll need to register themselves with the SEC (which doesn’t equate to approval).
That’ll trigger an investigation so they probably won’t do that, leaving the question of what exactly are they launching in the US up in the air.
At the moment OneCoin isn’t really being promoted in the US, but if they start spamming in earnest it shouldn’t take long for somebody to notice.
Jun 21st, 2015 at 5:05 am Blue(Q)
Here you go Loni. The pertinent paragraphs have been translated to English here:
nolink://onecoinscam.com/who-is-dr-ruja-ignatova/#igmetall
Check under IG Metal scandal.
Jun 21st, 2015 at 6:28 am Loni(Q)
Got it. Thanks! Has anyone found proof on whether she got a degree from Oxford or bought it online? I think I read that somewhere in this post that she may have done that, but not seen any updates.
Do you think she will come to the US or any of her cohorts? I guess they’d be wise not to, huh?
Has anyone tried to find out if they are registered with the SEC?
Jun 21st, 2015 at 7:29 am Loni(Q)
Regarding the plagiarism with the educational packages OneCoiners buy at the different levels, does Ruya give any credit/references/footnotes to the author/s of where she stole the info from?
Is OneCoin allowed in China, especially with an mlm attachment?
Jun 21st, 2015 at 8:48 am George(Q)
I wonder if your friend has already received any commissions.. if I am not mistaken according to the comp plan he should have received 10% commission bonus?
Jun 21st, 2015 at 1:59 pm Misty(Q)
Viribusunitis- Thank you, I used google translate, Thank you for bringing that to my attention.
Jun 21st, 2015 at 10:47 pm Rockfish(Q)
I have heard from a very reliable source that the United States Government is going to vote on a resolution to change the name of the National Holiday on July 4th from “Independence Day” to ” OneCoin” day.
Jun 22nd, 2015 at 11:19 am Misty(Q)
George. Yes he has gotten commissions.
Jun 23rd, 2015 at 3:37 am Loni(Q)
Does Ruju give credit to any of the authors of the material someone said she stole? Is OneCoin in China?
Jun 23rd, 2015 at 6:14 am cryptoexpert(Q)
Hi Misty, 2 million people joining is marketing BS.
In ponzi talk they say lots of people are going to join and you are at the beginning so you have time to cash out before it collapses.
Onecoin has ZERO real world value, thats why they want to exchange real cash for onecoin. Onecoin is NOT a cryptocurrency, yes cryptocurrencies are a huge trend but they all have cryptographic models of encryption and mining –> onecoin is a digital token, NOT a cryptocurrency.
Misty you will be exchanging real cash for worthless token/codes that you wont be able to do anything with.
Bitcoin is so popular because it is a decentralized peer to peer currency, onecoin is a centralized currency with no peer to peer trading or even real mining! look on coinmarketcap where you can see real cryptocurrencies.
Misty you want to make money thats good, you see the power of cryptocurrencies thats good also! but onecoin = SCAM.
Jun 23rd, 2015 at 2:09 pm BEN(Q)
youtu.be/Sb9H_W4UUV0
More Cover Fun 😉
Jun 23rd, 2015 at 2:16 pm BEN(Q)
youtu.be/Sb9H_W4UUV0
“Dr Ruja Paid Forbes to publish her 4xJPG… Stupid people got fooled (thinking it was an interview)… SHOW YOUR PAGES AND COVER NOW?”
Let’s see what he’ll show us 😉
Jun 23rd, 2015 at 3:29 pm Blue(Q)
Loni, why would they give credit to stolen material? The point behind those packages was for “economist genius Ruja” to teach you very high-level trading jargon which is unorganized, meangless when out of context, and waaaay over the heads of most of the affiliates.
It’s just filler garbage she sells you in exchange for money as a way of saying she sold you a product and a service, “NOT cryptocurrency.”
She is on the line for multiple counts of copyright infringement with financial gain, which is a huge crime.
Yes, this is common knowledge. They function out of Hong Kong however, a special administrative region that allows them to circumvent certain financial regulations. They even use CUPS (China Union Pay) a local payment form/credit card for the Chinese market.
You asked previously if 80% of China is in OneCoin? Perhaps you misunderstood and they said 80% of OneCoin is Chinese affiliates.
That is certainly possible, but not verifiable. The number of affiliates they claim currently is 422,000. 80% of China would make Ruja the richest most powerful person in the world. So no.
Jun 23rd, 2015 at 5:17 pm Jay(Q)
I think something very telling about OneCoin, is that people involved keep claiming they are making so much money from it already, yet if you ask them where this money is, it is in their OneCoin accounts.
So it is a number on the OneCoin singup, and no one has actually seen this money yet!
Jun 24th, 2015 at 12:05 am Jodi Dojina(Q)
A big thank you to Ken Labine for getting the word out that Onecoin is making the same empty promises and telling the same lies that utoken did!!!
Backed by gold…double your money with splits….value only goes up..only difference is that when Onecoin fails Ruja will run with everyone’s money and hide behind the fact that she did nothing wrong…she was only selling an education product…. (Ozedit: Link to affiliate site removed)
Utoken failed and I among thousands of others were hurt. …with so many of the same promises do you really think onecoin will be any different????
This loud mouth is so threatened by the truth that he will use any tactic to fool people and build his downline! He is upset and accusing me of being the cause for so many losing millions of dollars because when they see how I contacted Forbes and brought this lie out they stay far away from Onecoin.
This man blames me for doing my due diligence about Onecoin when I was asked to look at this company to join and exposing the lies they were telling about being featured on the Forbes Magazine cover in Bulgaria for May.
He said that I didnt ask about the right magazine, that it was actually Brandvoice… what this fool keeps forgetting is that I was the one who found out it was Brandvoice when I contacted Forbes!!!!!!!!!! I EXPOSED THE ONECOIN LIE!!!!!
They then had no choice but to then change their story and let people know it was actually Brandvoice and not the actual Forbes cover…But they worded it to cover up what they did… still leaving new people who had no idea about the lie to believe they were interviewed!!!
KEN Labine has been harassing me for trying to warn others about this lie… trying to call me out as the liar! What a desperate man!
Has even accused me of being a blogger, having a fake facebook profile and asking if I was given a cut from behindmlm for trying to warn others.
Amazing how some people will never learn from their mistakes… first Utoken.. .next Onecoin…. and Ken Labine..y ou wanted a war.. You got one.
You have harassed me, called me a liar, tried to discredit me with your annoying youtube videos, have twisted my words, and disrespected me all because you have a problem with the truth … all in an effort to build your downline.
Folks… when a man goes on the attack as this one has and presents himself as this desperate… a big red flag should go up. He is an unprofessional newbie trying to make a name for himself and he doesnt care who he drags down in the process.
I continue to stand by what Forbes magazine told me when I approached them… that Onecoin was NOT featured in their Bulgarian Forbes Magazine… that Ruja wrote the so called interview herself and PAID to have it placed in their Brandvoice as an advertisement… sorry if the truth hurts you Ken labine!
Yes…I exposed the Onecoin Forbes LIE….I was the one who forced them to admit it was in Brandvoice and NOT the cover of Forbes magazine…And I have no reason to lie.
You can see the original announcement on my page and see for yourself how they tried to fool people!
facebook.com/permalink.php?story_fbid=947626258636807&id=751450324921069
Jun 24th, 2015 at 7:45 am George(Q)
in his backoffice or paid out in real cash?
Jun 24th, 2015 at 8:01 am Oz(Q)
I wouldn’t worry about it Jodi. All the major Ponzi schemes have their vocal shills who take to YouTube.
Zeek Rewards – David Boozer, T LeMont Silver
TelexFree – Ken Love, that annoying Castilho Brazilian guy
Achieve Community – Rodney Blackburn
They never actually address the business model, so just put them into the ignore bin. That and once the scheme is shutdown or collapses, they disappear pretty quick.
Jun 24th, 2015 at 10:24 am Loni(Q)
Jodi, are you in the US or overseas? I’ve never heard of Utoken and Ken Labine.
Is he in OneCoin in the US? I’m so behind on all this stuff.
Do you know whose group he is in so I can keep him on the radar and maybe prevent others from associating with him, if all this stuff is true?
What a world and times we are living in now, just keeps getting worse.
So OneCoin is like Utoken or enough similarities to be careful with getting involved in OneCoin?
Jun 24th, 2015 at 10:26 am Oz(Q)
Both are modeled on the Zeek Rewards Ponzi points business model. All they’ve done is replace Zeek’s penny auction facade with a pseudo-cryptocurrency (VIP points = Onecoins = uTokens).
Jun 24th, 2015 at 12:45 pm Jodi Dojnia(Q)
Hi Loni… I am in the US hun… Let me catch you up what what I’m talking about.
I joined utoken probably about a year ago… after all the same things were being promised that onecoin now promises.. backed by gold… get rich off the splits… value can never go down…
But after being involved for awhile… well we all know what has happened to utoken.
Some utoken members were jumping into this new ONECOIN venture and approached me with it. When I watched the videos I was shocked at all the same promises and comp plan this company was also making.
I just laughed. But then I was sent a picture of a FORBES MAGAZINE COVER… immediately a big red flag went up because it was such poor quality.
ONECOIN was pushing this cover as Ruja and onecoin being interviewed by Forbes and being featured on the cover of the FORBES BULGARIAN MAGAZINE FOR THE MAY ISSUE.
I then decided to do my due diligence and check out this story. I didnt want to see others hurt with all the hype that goes along with this industry… like what this Ken Labine is doing to build his downline.
When I contacted Forbes they replied to me saying that RUJA and her company WAS NOT interviewed by them or featured on the Forbes Magazine… that she was in the Brandvoice that Forbes uses to let businesses pay for advertising space.
So in reality Ruja paid big money to have her ad that she wrote herself placed in this brandvoice. I could not believe how they were using this Forbes Magazine lie to deceive people.
I had been reading other concerns here on behindmlm… so that is where I decided to let everyone know about what I had been told by Forbes.
It was me who disclosed the BIG ONECOIN LIE… after people started seeing what I had found out they began asking questions… it wasnt until then that Onecoin figured that they better admit that it was in Brandvoice…
The thing is they are still calling it an interview… which is so laughable! Because it was nothing more than Ruja writing the questions and answering them…
Since all of this broke right here on behindmlm people are now on the attack. This Ken Labine that I am referring to is so threatened by the truth that he has foolishly accused me of being the sole responsible person for thousands of people not joining and because of that he insists I am the reason they will not become millionaires…
Its really quite laughable because the man thinks that by trying to discredit me he will convince others that I am some blogger or someone who was paid to expose Forbes here on behindmlm… but all he has done is bring attention to the BIG ONECOIN FORBES MAGAZINE LIE… all over again… he’s not very bright.
He seems to be a little wet behind the ears and from what I gather is new to the industry… so right now fellow marketers who are pushing onecoin are probably furious with him…because if that one thing you dont do in this field is get caught out in something like what he is doing….but eventually he will learn the hard way… lol…
He has about 3 youtube videos trying to twist my words and insist Im the blogger and being paid by behindmlm… or at least saying that behindmlm should have given me a cut of whatever money they made because of my disclosure of Onecoins lie…
He has asked me to call Forbes back and to now ask them about onecoin being in Brandvoice… but I really dont understand what difference he believes that will make since I have already made people aware that onecoin was in brandvoice and NOT on the Forbes cover… at this point he will try to grasp at anything to grow his downline…
also.. what the idiot is really doing is trying to get me to argue and engage with him… then twisting my words around… he’s that desperate for youtube views…
from now on I’ll just handle the issue right here and let him fall on his face instead of engaging him… ultimately people are going to make their own decision about Onecoin…
my only concern was that before they do they need to see through the hype and realize whats been found out and said… good or bad… then at least they are fully aware and better informed to make a choice they can live with about onecoin…
I just didnt want to see people hurt… In my case, after finding out about onecoins effort to deceive with Forbes… I decided to stay far away.
Jun 24th, 2015 at 1:41 pm ed(Q)
People wake-up..
This system is not about dr.Ruja/Sebastian/Juha/Pehr, it’s one big wash machine for the wrong kind of money to be a bit cleaner, mixed by the money of the sheep!
they get paid to facilitate this feature big time and hope. they can keep the money, but if it goes wrong they may hope to go to jail, the Russian’s will find them with a few
phone calls away around the globe to get their assets back.
Nobody wants to be in the current shoes of this people! Call it the “Russian Roulette currency” instead of mlm.
Jun 24th, 2015 at 3:07 pm M Norway(Q)
UToken / UFun Club is/was a digital currency based Ponzi scheme that was shut down by Thai police on April 10th 2015, some type of “OneCoin on steroids”. The case is still ongoing, and investors are probably still trying to make it work in multiple countries.
“On steroids”?
* Where OneCoin has one or two “1:2 splits”, UToken promised four “1:10 splits” to early investors (e.g. 6,000 Utoken → 60,000 UToken → 600,000 UToken → 6,000,000 UToken → 60,000,000 UToken).
* Where OneCoin has “Business woman of the year” and “Forbes Magazine interview”, UToken usually used multiple internal or external celebrities (“General Soonpan of the Thai Royal Army”, Malaysian Prime Minister’s son, members of the Thai Royal Family, etc. etc.).
* Where OneCoin has “Audited block chain” and “Aurum Gold Coin, backed by 1mg of real gold”, UToken escalated the backing from gold to 22% backing in “UToken Reserve Fund” (backed by 2 banks, 1 financial institution, “Grade A insurance company”, “World Bank”).
* Where OneCoin had the “Dubai 2015 Event”, UFun / UToken had “Miss Wilayah Kebaya 2013”, plus multiple “signing ceremonies” with real construction companies, mining projects, other types of companies, all worth multiple millions or billions of expected profit.
But UFun Club and UToken never really made it work outside the Asian region (Hong Kong, Malaysia, Thailand, etc.). The style was probably too exaggerated / too unfamiliar for western-minded investors.
Jun 24th, 2015 at 5:51 pm M Norway(Q)
“On steroids”
* “Miss Wilayah Kebaya 2013” main sponsor
→ Prime Minister’s son as VVIP guest
youtube.com/watch?v=JngIMmFDp0w
– – – – – –
* “Bina Puri signing ceremony”
→ ordered 300 luxury condos in “Bangkok Marina & Spa Resort”
– – – – – –
* “UToken Reserve signing ceremony”
– – – – – –
* “UFun Tower, Bangkok”
youtube.com/watch?v=S1a0bt4Hlbs
– – – – – –
* Some “Marble Mining signing ceremony”, RM 19.2 billion
– – – – – –
* “Gateway Klang signing ceremony”
→ claimed to have a 30% partnership
youtube.com/watch?v=XpW02iPxeQw
– – – – – –
* “Nickel mine project” in Indonesia.
– – – – – –
Another word for it is “excitement driven”.
Inexperienced investors may be more willing to invest if they feel excited about something, e.g. if they see that others are getting big rewards from the investment.
OneCoin is using the same idea, but without that extra supply of steroids.
Jun 24th, 2015 at 8:51 pm S.G.(Q)
True! My wife is from the region and told me that if they scammed the wrong bulgarian or russian or ukranian, they’ll end up wishing for jail time or some other sort of governement protection.
Jun 24th, 2015 at 10:17 pm Ricky(Q)
Has anyone done any background checks on the security of their website?
My browser is warning me that their site is considered unsecured. it is primarily a HTTP version and no padlock sign is seen.
Upon further inspection it came out to be semi secured with a gray colored lock icon.
Jun 25th, 2015 at 7:44 am Loni(Q)
Thanks Jodi! I guess July 4th is still the US opening date, but I thought Memorial Day was the opening date, so kinda don’t get that?
Be safe!
Jun 26th, 2015 at 9:01 am Misty(Q)
George–yes they are paid in cash (actually a visa card that is provided by Onecoin). the person who wants to sponsor me is making 40k a week (yes a week). I have two friends that are both making 5k a week.
As for Ken Labine he is with nitro (an auto poster program for face book groups, he can easily be found on Facebook. I think this may be his first MLM.
(Ozedit: link to affiliate recruitment site removed)
Jun 26th, 2015 at 9:11 am Misty(Q)
I did not post the link to recruit anyone but to show who Ken Labine is 🙁 sorry If I violated an rule.
Jun 26th, 2015 at 9:39 am Oz(Q)
No problems. Know the link wasn’t yours but I remove links to affiliate recruitment sites regardless (unless it’s absolutely vital to the discussion).
Jun 26th, 2015 at 1:57 pm BEN(Q)
Usa going strong!
docs.google.com/spreadsheets/d/1Ckapn_uXikMHCt2hhX9bDFrn1XPuoUCd02SOhYAvLMA/edit?pli=1#gid=0
Jun 26th, 2015 at 11:25 pm anjali(Q)
in a hilarious video published by ken labine blasting oz for ‘something’ [which is not clear], he lets out the important information that he has signed up his kids to the onecoin program.
his kids look pretty young, so why do they need ruja’s high brow ‘training/educational packages’?
“children your bedtime story today is about japanese candlestick trading patterns!’
the SEC and FTC will really love the way rujamama is educating american kids.
sorry for mentioning anyone’s kids, but ken labine brought it up himself and i’m just sharing his information to show that there’s some heavy duty ‘stacking’ going on in onecoin. why will one family need multiple training packages?
Jun 27th, 2015 at 7:32 am Loni(Q)
Does he say what package he signed them up with? What age do you have to be to sign someone up with OneCoin?
Jun 27th, 2015 at 10:29 am anjali(Q)
he doesn’t mention that.
this is what the terms and condition of the onecoin website say:
Jun 27th, 2015 at 10:35 am anjali(Q)
actually, he says they are on ‘starter packs’.
Jun 27th, 2015 at 11:25 am Rockfish(Q)
OK… I have listened and viewed a lot of OneCoin USA bullshit they are posting.
Every night they have these web hangouts and team leadership calls. They are always the same, never really say anything except how well they are doing & how they are breaking records for any company ever created.
What I don’t understand is…. Are the people ( USA Team Leaders ) acually stupid enough to beleive all this, or are they part of the scam?
Jun 27th, 2015 at 11:48 am K Chang(Q)
Does it matter? The net result is the same: co-conspirator.
There are three relevant states of mind here:
ignorance — I didn’t know it was a scam (stupid me)
willful blindness — I didn’t want to know if it was a scam. Never asked.
lying through teeth — Yeah, I knew it was a scam, I don’t give a ****
Some of those promoters are probably at 2. They suspect it’s a scam, but they are perfectly willing to IGNORE any such signs as acknowledging them leads to “inconvenient truth” and cognitive dissonance.
Instead, it’s “ask me no questions and I will tell you no lies” followed by “why are you so negative, asking so many questions?”
Jun 27th, 2015 at 3:22 pm M Norway(Q)
People are generally not stupid.
Or actually they ARE stupid if you use the right type of “average person” reasoning, e.g. if you look at how stupid the average person in a population can be, and use statistics to find out that 50% of people must be more stupid than him or her. That’s a huge number of stupid people. 🙂
I have analysed several “business mistakes” and “investment mistakes” for more than 20 years. Most mistakes seem to be related to “wrong types of ideas”, plus failing to realize it soon enough to make corrections.
For OneCoin, that “wrong type of idea” might be about believing in that the tokens are growing in value, or that external investors will come rushing in and buy onecoins in 2017 or 2018 (like it was presented in post #369). Tokens don’t have any monetary value, and the only investors so far are the members of the network.
So there’s 2 factors that are relevant.
1. “Wrong type of idea” initially.
2. Failing to realize it.
Smart people also have wrong types of ideas from time to time, but they will usually try to correct those ideas.
Jun 28th, 2015 at 3:10 pm BEN(Q)
seva.ca/
seva.ca/supporters.htm
Please note: Seva Canada has no current relationship with One World Foundation or OneCoin.
youtu.be/pR59jTbPK-o
wow..SO FAKE!
Jun 28th, 2015 at 3:31 pm K Chang(Q)
Your PR spamming is really lame. She’s doing “good things” in her name, using everybody’s money, just so you don’t ask inconvenient questions. it’s basically “hey look, puppies!” tactic and you’re parroting it.
Jun 28th, 2015 at 5:16 pm Blue(Q)
The URL is actually: http://www.seva.ca/supporters.htm
(www required) scroll to the very bottom.
Busted! One World Foundation lied about SEVA Canada.
Jun 28th, 2015 at 7:35 pm M Norway(Q)
It actually responded with “complete transparency, all relevant parts” (complete list of institutional sponsors, complete list of partners, complete list of supporting brands, main photo artist, complete list of other photographers, etc.).
Seva was discussed around May 28.
Seva responded to your email in post #288.
I recommended to give them the information they asked for, plus access to additional information (post #292 → #281).
I tried to offer “complete transparency, the most relevant parts” (what the discussion was about, why we were asking questions, the source we were looking at, the context for the discussion, etc.).
Jun 28th, 2015 at 8:22 pm M Norway(Q)
“No current relationship” probably means they had some type of relationship, e.g. one donation from One World Foundation in early 2015, plus an agreement where OWF has been allowed to use some photos for the purpose of future donations.
There’s nothing wrong with that. That’s how charitable organizations work.
It means Seva can’t use legal threats like a “DMCA takedown notification” to have the material removed. They must treat OWF as a real sponsor, but they can point out concerns about the specific use of the material (and the fact that they receive critical questions about it from concerned citizens).
Oneworldfoundation.eu hasn’t really changed anything on its website.
I identified some elements in post #281, and those elements are still there.
Jun 28th, 2015 at 11:30 pm BEN(Q)
lets assume it helped 73 children…. 73×50= 3600$
500.000 ONECOINS = 10.000 children who could see soon if they got the money from Onecoin donations…
Jun 29th, 2015 at 12:39 am Blue(Q)
Ben, Seva says $100 CAD per child. The $50 CAD figure is for Adults. It comes out to $6000 or 1.6 Tycoon packages. It comes out to $7300 CAD, $6000 USD, or 5300€.
Jun 29th, 2015 at 3:24 am M Norway(Q)
She can’t donate anything from OneCoin?
Profit from the sale of 478 copies of the ebook “Learning for profit” will be a legitimate source of income (acceptable to a charity). It would be different if she had promised “1% donations from the sale of OneCoin membership packages”.
“Charity is about doing the right thing”. Donating money from a Ponzi scheme doesn’t qualify as “the right thing to do”. The eyesight of a child isn’t that important, it’s not important enough to accept stealing from consumers as a solution.
Jun 29th, 2015 at 5:32 am jodi dojnia(Q)
Absolutely right anjali…during Labine’s ranting to me he told me this..: that on April 3, too busy watched video April 30, came in trader may 1, tycoon may 14 another trader account may 18ish oh and all 3 of my kids i got starter accounts for.
When I asked him if he has been able to purchase a mansion with his earnings like Ruja has done from her’s and how much money he has made so far this is what he told me:
“530 euro came out, 1500ish went in, plus i have about 6000 onecoins accumulated from this account…”
This Labine guy is completely brainwashed! What really gets me though is this… he bashes me for being involved in utoken and promoting that company, calling it a scam.
Well duh! Why does he think I’m now trying to warn others about onecoin!!!
He is only proving my point!…. That if all of us that were involved in utoken were promised and told the same exact things that onecoin people are being told and it failed… should that not be a warning to those thinking of getting involved with onecoin??? BIG RED FLAG!!!..
Utoken members were introduced to utoken the same exact way people are being introduced to onecoin…” onecoin is doing something that no one else is doing, they are improving on bitcoin, finding bitcoins flaws and improving on them”…thats exactly what we were told with utoken!..
People…do your homework!!! …use your heads!…Think!…All of these warning signs staring you right in the face!…
Don’t get caught up in something the way I did. Look through the hype!
Jun 29th, 2015 at 6:22 am jodi dojnia(Q)
Would just like to get this out here as there has been much talk about Ruja’s charity.
I have a friend who has also been approached with the onecoin opportunity. He has been involved in cryptocurrencies (bitcoin) for awhile and was very concerned when he was approached by onecoin.
So during his due diligence he decided to call Seva… this is what he found out.
I will also be postings any other findings he may come across. I’m just glad that like myself who called Forbes to find out about onecoins claims of being featured on the May cover, that people are actually checking into things better and doing their own research….and thats all I have ever really wanted…
people need to stop listening to the hype and find out things for themselves.
Jun 29th, 2015 at 7:23 pm anjali(Q)
glen smith of the US, further attended ruja’s birthday bash in bulgaria in late may/early june.
he has been promoting onecoin ‘on the road’ in the US and may easily be one of the earliest/topmost promoters of onecoin in the US.
i hope he knows that even if US regulators cannot pick up ruja from her safehouse in bulgaria, they can definitely gun for him, like they did with top promoters of emgoldex.
glen smith has set up a website and an FB page to promote his onecoin activities, dangling ‘yachts’ and ‘high living’ and ‘make money while you sleep’ marketing spiels.
glen smith at rujamama’s birthday bash:
facebook.com/photo.php?fbid=989965377704270&set=a.452398624794284.107131.100000724504823&type=1&theater
Jun 29th, 2015 at 9:54 pm M Norway(Q)
That didn’t surprise me. I have checked a few cryptocurrency forums, and most regular users won’t believe in the OneCoin idea. They simply refuse to accept it as a “real crypto currency”.
OneCoin promoters generally don’t speak the right “language” (“BitCoin language”). “Language” isn’t about words but about how people communicate ideas, e.g. “precise factual descriptions” versus “vague promises, mostly based on irrelevant factors”.
You can see one specific type of “language” in the replies from Seva Canada (it’s two of them). It’s a “keep it short and factual” communication method.
* It only gives the necessary information in a very few sentences (2 sentences).
* It doesn’t try to stimulate any new ideas and it doesn’t invite to further questions.
A lengthy explanation would most likely have stimulated some new ideas and would have invited to more questions.
Jun 30th, 2015 at 4:24 am Loni(Q)
July 4th is approaching for the big day for OneCoin’s opening, correct? But I thought it opened Memorial Day, an early surprise?
If Ruja doesn’t step foot in the US, can anything be done with her for the sake of investors? Has anyone found out whether she has a law degree or is that fake too?
Did Ruja give credit to the authors of the books she stole content from? I saw the comparisons that someone did, but I didn’t see any credits given?
Jun 30th, 2015 at 8:07 am BEN(Q)
I think most of you are from US? I’m myself from Sweden/Finland/ so I will write a post about the situation here in Scandinavia.
My intention was to make the true facts be more vieved in Sweden and Finland. In Finland it was so easy because I knew an influential person who has been writing about this already in February.
I admire him because he posted his posts under his real name (Petteri Järvinen), and I can tell you that it is not a correct way to make new friends 😉 There are hundreds of negative comments following his articles but ha was sure for 100%! Onecoin is a fake cryptocurrency!
See his blog in Finnish:
translate.google.com/translate?u=http%3A//pjarvinen.blogspot.fi/%23uds-search-results&hl=en&langpair=auto|en&tbb=1&ie=UTF-8
You can search “onecoin” to the right and you should get all 5 results.
———————————————–
In Sweden it has been more difficult. I send my chapters 1-4 to all the blogs and newspapers in Sweden.
Got answer from a blogger who admitted it was a Ponzi but he had no time for this right now. I tried to warn people on Facebook but I was kicked out from FB very quickly.
One dictator in Sweden who has made most money there is
Stefan Sjödin
blogger.com/profile/06653085001529768135
facebook.com/stefan.sjodin.7
coinnewsasia.com/stefan-sjodin-onecoin-will-be-the-big-money-in-trading/
He has currently a full control of the Sweden community and succeed well after Dubai. (May 17-June29)
SWEDEN 3039-5252
FINLAND 4000-5239
NORWAY 503-863
DANMARK 35-48
ISLAND 0-0 🙂
Yesterday(today in US) Sweden surpassed Finland for the first time. Very strange because Sweden and Finland are very similar countries but people in Finland has by far more knowledge than people in Sweden.
You can’t find any article about Onecoin in Swedish, but Onecoin in Finland was on TV, radio, several newspapers and so on. Ruja was also 2 times in Finland. But I knew Sweden would surpass Finland in June.
Stefan Sjödin deletes every negative post on FB in his closed group and he kicks out members who “share some negative info about OneCoin”. He won’t answer any good questions on FB and that’s why it was so easy to get new members there.
Juha Parhiala did help too, by visiting Stockholm and Guthenburg 2 weeks ago. And Juha said: SWEDEN IS HOT NOW.
I try to concentrate my work in Sweden to this “free word site”:
flashback.org/t2546019
You can find my posts on page 6+. I’m Swedish speaking so if you want some help in “sharing true info” about Onecoin i’m here to help. You can contact me on by blog or my Youtube channel.
benzmith.tumblr.com/
———————————————–
Norway. I think it is very similar situation as in Sweden. Juha had a plan to visit Norway which he abandoned very shortly before the tour.
———————————————–
Very strange is Denmark! So few members in the country who has by far the highest salaries in Europe!! 1 salary in Damnark=7-10 salaries in Bulgaria, Rumania.
docs.google.com/spreadsheets/d/1Ckapn_uXikMHCt2hhX9bDFrn1XPuoUCd02SOhYAvLMA/edit?usp=sharing
———————————————–
United States Minor Outlying Islands – Check this… Do US citizens use this country to register (legally) from??
Jun 30th, 2015 at 8:12 am BEN(Q)
photos of Juha’s “US teams” or whatever it is
facebook.com/permalink.php?story_fbid=852530748174080&id=822713397822482
facebook.com/permalink.php?story_fbid=851547718272383&id=822713397822482
postimg.org/gallery/1d13hwwee/
Jun 30th, 2015 at 8:27 am Loni(Q)
Is Finland still being investigated? Some in US have been told that they didn’t do anything or found anything on OneCoin so the investigation didn’t go anywhere.
Didn’t the bank in Hungry send out a warning? Any updates on that?
Is Juha part of this scam too, or he is an innocent victim? I read somewhere of a Glen Smith, maybe somewhere in this post, not sure, but is he a heavy promoter in the US? Never heard of him.
Does China really have 80% of their citizens in OneCoin, and was Ruja on Chinese TV? I find that to be farfetched?
Thanks
Jun 30th, 2015 at 10:38 am BEN(Q)
Studying the material, which for us is the Police Board delivered and we acquired more material. We ask about the matter will also be (of the company) from responsible people, if such ones can be found.
And when the material is held together, the investigating officer will conduct an evaluation with from talking to a prosecutor, ie above a certain threshold for pre-trial proceedings or not, Karvonen says.
————————————
Maybe I should go to the police and give them Information I have 😉 I think the more info they will get the more clear it will turn out to be. If you are new and will get the information it takes several days/weeks to put the pieces together.
A university of Onecoin was planned in Helsinki but it has been cancelled due to “negative media status” here in Finland.
————————————
Hungary is not Finland, maybe the languages are from the same family but Hungary is not even close to Finland 🙂
And it was a warning. Very good indeed. If difficult to find a crime with so little info, more countries should warn about Ponzies like this.
————————————
Juha Parhiala is the biggest scammer of them all. Hi is on the top of the pyramid, has got free codes from Ruja and he sells them at wholesale prices (-20%-50% depending on how many Tycoons you buy). I would actually call him as Vice President or a big shareholder(or the biggest scammer ;))
Dr Ruja had a vision which she told to Juha when the Bitcoin was as highest. Juha planned ad showed her the MLM plan and here we are!
————————————
My file is dated 13 May.
To OneCoin Members!
This a an official announcement that a Mr Glenn Smith IS in no way related to OneCoin corporate or in anwvay appointed the title ot Operation Manager or Master Distributor USA.
Please be aware that false pretentions ot taking titles that relate to the corporate can bring reputation damage to OneCoin and lead to a closure of the distributor position
With best regards
Dr: Rula Ignatova
Founder and Owner
s10.postimg.org/btis3gend/13may.jpg
This post is gone now?
I have seen pictures of him in Sofia with Dr Ruja. (her birthday party)
youtu.be/KWNiIP45fbk?t=730
12.20-> SEE RUJA DANCING DRUNK! Ruja dances with her husband. (there are other nice looking girls dancing too 😉
13.00-13.15 Our “President of Onecoin Finland”
13.22-13.38 Glen Smith
How much does Glen Smith do for Onecoin in US? I actually don’t know.
————————————
it was mentioned once on TV, but what? I Can’t Chinese 😉 It would be nice to know what they say about it.
80% is 1200 milions people so this is an easy answer 😉
But I can say what Juha is telling to people when promoting Onecoin.
“The Chinese Goverment predicts that 1.1.2016 there will be 1.000.000 Onecoin users in China”
(I have to remind you that Juha said several months ago that the inventor of Bitcoin is now a member of Onecoin, so you know how much is truth when you hear Juha saying something ;))
I think the Chinese numbers are very fake.
China 228321 of 320.000 members are Chinese (counting flags), so 7 of 10 are from China.
And 92.000 members outside China is low? The true numbers we will perhaps never get to know…
Jun 30th, 2015 at 10:57 am BEN(Q)
more by Glen Smith (NOT BEN Smith 😉 1.59-2.42 (he talks 2times)
youtu.be/KWNiIP45fbk?t=118
Jun 30th, 2015 at 11:10 am anjali(Q)
well whatever problem glen smith had with ruja, seems to be resolved because he is currently in chinatown posting videos about helping people make 40,000$ a week.
Jun 30th, 2015 at 1:10 pm BEN(Q)
:O
WE WANT NIGEL ALLAN BACK!!! 😉
———————————
“helping people make 40,000$ a week”
Yeah…10 will make some money…1000 will lose it….So much for helping 😀
Jun 30th, 2015 at 1:18 pm M Norway(Q)
I’m of course from Norway. 🙂
But I don’t specifically cover that country or region, I only do it when it’s relevant. A few other people cover that region.
Is that the total number of OneCoin investors in each country, or is it his personal downline?
As a total number, the figures for Norway seem to be relatively correct. OneCoin isn’t very big there, but I have seen some failed promotion attempts on the internet. The total number can be anything from 100 to 1000 local members.
Please note that OneCoin is much smaller than it pretends to be, i.e. many fake members. So the numbers can be grossly exaggerated.
Jun 30th, 2015 at 1:29 pm BEN(Q)
Posted by Golden Lion Invest on 14 mars 2015
facebook.com/GoldenLionInv/posts/881097648598611
Jun 30th, 2015 at 3:23 pm BEN(Q)
“I’m of course from Norway”
I haven’t felt so stupid for years 😉
Those numbers should be for the whole countries. But it could be his downline too. I’m not sure what Master distributor 001 means, Both Juha and Sebastian use that.
And yes, the front ticker which is showing currently 429.000 is showing at least 110.000 to many. Counting the flags from the bonus page shows only 320.000.
Last 10 days has been worst for a long time. When the split happened 18.6 the ticker showed 417.000. That is 900 new members per day…before the split it was 5000-15000 new members per day.
I will publish more daily/weekly stats later this week, and which countries are hottest after the split
Jun 30th, 2015 at 3:25 pm M Norway(Q)
I have checked that list. Many of those coutries are obviously false. OneCoin has probably bought a member list from Conligus and added all of them as real members. But most of them were probably fake right from the beginning.
OneCoin hasn’t “gone viral” like ZeekRewards and TelexFree did, at least not yet.
Here’s some Alexa statistics for ONECOIN.EU, ONEPAY.EU and COINVEGAS.EU.
The logic goes like this …
Since ONECOIN.EU and ONEPAY:EU are closely related, their Country statistics should normally reflect each other. At least for SOME countries, but the same payment processor may not be available in every country.
27.6% of the upstream traffic to OnePay comes directly from OneCoin = people accessing their ewallets directly from the back office.
17.4% of the upstream traffic to CoinVegas comes directly from onecoin.eu = people looking at or trying the casino directly from the back office. Or it may be a robot (a script) trying to generate better traffic rank.
Compare those Global ranks / Local ranks to behindmlm.com:
* Both Global and Local rank will be affected by “Which program is currently hot in which country” factors. And people don’t need to log in each day here, like they do if they’re active participants in a Ponzi scheme.
** Country statistics will often depend on “Which program is currently hot” factors.
*** Upstream is probably related to people returning from those websites. People here are referring to external sources, and other people are checking the same sources (and then returning to this website).
Jun 30th, 2015 at 5:06 pm M Norway(Q)
People here are generally from many different countries. But a majority usually come from the U.S., due to factors like “English speaking country”, “many programs originates from that country”, etc., plus that many users come from other websites where the majority of users come from the U.S. (they visit many similar websites regularily).
“Many different countries” means that you can get a better overview, “see more of it than your own local view”. It also means that you can communicate a local situation to a wider range of people, e.g. “fill in some missing parts of the picture”.
It was particularily useful when we reviewed TelexFree, a $1,8 billion MLM Ponzi scheme from USA / Brazil. We had 5 or 6 users from Brazil posting regular updates for several months. TelexFree is only one example, “local knowledge” will generally be useful in most cases.
ONECOIN, NORWAY
My local knowledge for Norway is that OneCoin isn’t very visible on the internet, but experienced local Ponzi scheme promoters have tried to promote it on cryptocurrency forums. That didn’t work well.
Experienced people will generally not be very visible on the internet. It simply means that they’re contacting people directly (offline or via email). But it also means that they’re contacting the same people each time for each new program.
Since OneCoin doesn’t seem to be a big problem locally, it’s not necessary for me to make it become more visible either. I’m not “campaigning against it” locally.
Norway and Sweden can be seen as “one market” for certain types of pyramid schemes. People usually have connections in both directions there.
Sweden and Finland can probably be seen in a similar way.
Sweden generally have more “local organizers” / more connections to other countries (e.g. Eastern Europe).
Denmark has more connections to Germany and Western European countries. I have seen very few Danish pyramid schemes being marketed in Norway, but I have seen many Swedish ones.
Jun 30th, 2015 at 7:49 pm Rockfish(Q)
I have asked this simple question to a lot of their members & nobody answers me, so can someone here answer this simple question.
We start a simple cybercurrency company. We have no outside investors so no one beside us members who wants the coins and can drive the price up. All 10 of is lay 100.00 on the table to invest in out coin.
I announce our coin is popular and split & double everyone’s investment. I am also so happy I announce I am paying super commissions to everyone.
Monday is payday, so we all go the the table to take our gains that are now 200.00 plus commissions…. But when we look at our pile there is still only 100.00 each, because there is no outside investment.
In reality there is really a lot less, because I bought a 4.2 million dollar house & my co-Horts bought boats & cars.
So can someone show me how this math works? Can I just say my dollars are now worth 20 dollars?!! Wait till the real world hears of this simple trick to get outta debt… They are going to give me the title of Dr. For being so smart 🙂
Jun 30th, 2015 at 8:00 pm Rockfish(Q)
Or here is another senerio… I announce PAYDAY.. And the first 4 of my group runs to the table and grabs the 250.00 I said they now have.
When the last 6 of us get there the money wa all taken by the first 4 and we get nothing… WTH?
Jul 1st, 2015 at 1:41 am K Chang(Q)
Math doesn’t work. It only works if people BELIEVE your currency rose, making them put in more money.
FWIW, the MMM pyramid in Russia worked the same way. Mavrodi bought prime time TV ads claiming his stocks are rising fast, 10% or more per month.
And since he’s OTC (not on any exchange) he basically set his own stock prices (i.e. just need some shills buying the stock at inflated prices) and some people were able to ‘cash out’ because other people believed the stock will keep rising and bought them. So from there it just snowballed.
Jul 1st, 2015 at 1:44 am BEN(Q)
youtube.com/watch?v=7TiRAPxJVKM
Ignatova shaking body…. 😉
Jul 1st, 2015 at 1:52 am Rockfish(Q)
Wow Ben…. I heard that Ruja stuffs her bra with money…. Now I can see where all the millions went 🙂
Jul 1st, 2015 at 3:59 am Loni(Q)
Regarding post #514 Juha Parhiala is the biggest scammer of them all. Hi is on the top of the pyramid, has got free codes from Ruja and he sells them at wholesale prices (-20%-50% depending on how many Tycoons you buy). I would actually call him as Vice President or a big shareholder(or the biggest scammer ;))
My questions:
What are free codes? First I’ve heard of this. Why is that method being done verses just sending someone to your website to sign up? How does that involve the money transaction and to whom? How does that work? Is that just on the Tycoons that you mention, or is that for all the packages? 20-50% is high. Where did you get those percentages from?
Jul 1st, 2015 at 5:51 am Loni(Q)
From above post:
onecoin: This a an official announcement that a Mr Glenn Smith IS in no way related to OneCoin corporate or in anwvay appointed the title ot Operation Manager or Master Distributor USA.
well whatever problem glen smith had with ruja, seems to be resolved because he is currently in chinatown posting videos about helping people make 40,000$ a week.
My questions:
Glen Smith is or isn’t in OneCoin? He just isn’t in corporate, as Ruja says? What problem, if any did he and Ruja have? What Chinatown?
Jul 1st, 2015 at 6:52 am M Norway(Q)
It’s probably a recruitment method, e.g. “Use this free code and save $30 registration fee”.
It’s much easier to get people to sign up if you can offer it for free, “Let them SEE IT and TRY IT themselves first before they have to make a decision”.
From this review …
Free Members will receive an ebook or something.
Most of the members are probably Free Members. Many of them are probably fake members, “bought” by the affiliates themselves for “free codes”.
It’s easier to sell a position if you can say “I have a few TOP POSITIONS available, you can buy one of them”. Or at least some people will fall for ideas like that.
I’m not sure my answer is 100% correct.
Jul 1st, 2015 at 8:47 am M Norway(Q)
I have checked some Youtube videos from OneCoin-USA.com.
1. HOW TO BUY A ONECOIN GIFT CODE
Gift Codes can be bought using back office funds (“Cash Account”) or real monetary transactions (OnePay, bank wire, Perfect Money, Credit card, China Union Pay).
Prices:
€130 Starter
€530 Trader
€1,030 Pro Trader
€3,030 Executive Trader
€5,030 Tycoon
They can be SOLD to new members for full price (or slightly reduced price if people feel for it).
Source:
How To Buy A OneCoin Gift Code – OneCoin USA
youtube.com/watch?v=y83LBSVG3JI
2. FREE MEMBERS
Joining for free can be done by simply registering a new membership profile (they won’t need to pay anything).
The status of the membership will be PENDING. They must pay €30 to activate it, but they will be registered as members anyway.
Source:
How to sign up to onecoin FREE account
youtube.com/watch?v=Qpf2_rQR-AI
3. UPGRADE WITH A GIFT CODE
It’s about how to use the Gift Code purchased under point #1 to buy a membership package.
Source:
Upgrade Package With A Gift Code – OneCoin USA
youtube.com/watch?v=CcpRd31_yM4
Jul 1st, 2015 at 9:26 am Loni(Q)
So these gift codes Ruja just makes up, not costing her anything, gives them free to Juha, and he wholesales them out to distributors to give to people, when they buy a package, so it saves the newbie from paying the fee for signing up on the website, which my understanding is/has been a problem with their credit card processor?
I am taking bits and pieces of things I have read and trying to make sense of all this.
Has Ruja been declined from getting a merchant’s license or is it broke, like I have heard?
I recall reading something a while back that she was having problems with getting a license to be legal in the US?
Do you know what that was about, and whatever it was, she must’ve gotten cleared up, because they are doing there launch July 4th? Was that issue with the SEC?
Jul 1st, 2015 at 9:38 am M Norway(Q)
I checked Alexa rankings for perfectmoney.com, perfectmoney.is and chinaunionpay.com to look for OneCoin members in China.
It didn’t really tell anything, but at least OneCoin doesn’t have tens of thousands of members in China that use China Union Pay or Perfect Money.
Note that OneCoin isn’t visible as “Upstream sites” for any of those payment processors. I checked all the relevant links.
Jul 1st, 2015 at 10:21 am M Norway(Q)
Gift codes will reduce the number of bank transactions to and from OneCoin. That may be important if you want to avoid too much attention from authorities.
* New affiliates will pay directly to the recruiting sponsor (or his upline), a monetary transaction between bank accounts. The recruiting sponsor will then pay OneCoin from his “Cash Account”, a non-monetary transaction between internal accounts.
The reduced prices are used as incentives for people to buy gift codes for upgrades, reinvestments or sale to others.
Example 1:
€5,030 – 20% = €4,024 (for a Tycoon package)
→ Can be sold for €5,030 to new members (profit €1,006), or
→ Can be invested in one additional Tycoon package
Example 2:
€530 – 20% = €424 (one Trader package)
→ Sold to new member for €530 = €106 profit (in addition to other commissions)
Jul 1st, 2015 at 11:02 am anjali(Q)
glen smith is very much a onecoin investor and promoter.he has been on the road over the last several days travelling from city to city recruiting investors into onecoin.
currently he is in chinatown, manhattan, holding meetings in seedy looking restaurants, trying to rope the local population in.
going by the communication of onecoin, it appears they had a problem with glenn smith/his downlines saying that he was master distributor/operations manager for onecoin, USA. his FB page does not imply any such designation.
the problem seems to have been resolved between ruja and smith, because we can clearly see he is peddling onecoin all over the place.
Jul 1st, 2015 at 11:27 am M Norway(Q)
Those “Gift Codes” are not mentioned in the review here (from September 23 2014), so they are probably a relatively new method.
OneCoin more or less “collapsed” in January 2015. “Gift Codes” have probably been added after that, “to fix a problem”.
Note that I haven’t seen those videos before now. My guess is that they tried to add recruitment incentives and reinvestment incentives to make the scheme look more attractive to investors and recruiters.
“Discounted gift codes” is simply a type of “high octane fuel” for a recruitment driven Ponzi scheme. 🙂
Jul 1st, 2015 at 9:06 pm M Norway(Q)
That was a very long sentence with multiple elements. 🙂
* Problem with credit card processor? They most like have multiple problems with transactions. Gift Codes can be about that too.
* so it saves the newbie from paying the fee for signing up on the website? That was a guess from my side, before I checked those videos. The videos corrected that guess.
* Juha wholesales them out to distributors to give to people? Juha probably buy them himself, with even more discount. He makes a profit from it in one way or another.
* So these gift codes Ruja just makes up, not costing? Correct. But it’s the system that generates those codes, the MLM Ponzi scheme software. It’s probably a type of “electronic voucher / coupon”.
I tried to find an example for “electronic voucher / coupon”, but I didn’t find exactly the right type. Here’s one type from RetailMeNot.com:
OneCoins gift codes probably look more like this: y83LBSVG3JI
GIFT CODES, FUNCTIONS
Gift Codes will reduce the number of transactions from members’ bank accounts → OneCoin’s bank accounts when they’re paying for new packages.
It will also reduce the number of withdrawal transactions OneCoin → members.
Without gift codes:
* New members paid directly to OneCoin’s merchant accounts (OnePay, PerfectMoney, China Union Pay), member → OneCoin.
* Old members withdrew money from the system directly from OneCoin’s merchants account each week, OneCoin → member.
With gift codes:
* New members pay directly to old member when they wish to buy a new membeship package, member → member.
* Instead of withdrawals from “Cash Account” → ewallet → bank account or debit card, members can use “Cash Account” to buy gift codes for investment or sale. No monetary transaction.
CASH ACCOUNT
The “Cash Account” works just like money inside the system. That’s how monopoly money works too, you can use it inside a game but it doesn’t work in the real economy.
Cash in the “Cash Account” cost nothing to produce and has no real value. It’s simply some “numbers on a screen”, but they use currency symbols to make it look like real money.
Jul 2nd, 2015 at 2:35 am BEN(Q)
If you buy codes you don’t need to pay in/out through banks. Somebody buys a package, he pays you , you buy a gift code and give him that. For the seller it is the easiest way to get paycheck. OneCoin promoted this way of cashing out in webinars.
I was waiting for the option to buy with onecoins. They made it possible last week and set the exchange rate to over 2:1
youtu.be/39v7xYwAFI4?t=701
to->17.30
If you have a pro trader package (1000€) you can use 1000 Onecoins per week (500€ of packages)
start trader =100€=200coins
trader =500€=1000coins
protrader =1000€=2000 coins
start trader + activation=130€=260coins
trader + activation=530€=1060coins
protrader + activation =1030€=2060coins
and so on? or not on….that means you can’t buy exc-tycoons with onecoins? (limit 5000coins/week)
I was warning already for several weeks ago that if people could buy packages with onecoins they could go broke. If every package was bought with onecoins they had still to pay out bonus in cash anyway.
That would be also be a fast way to cash out from Onecoins and THEN we would see heavy discounts for the packages. The market price for the onecoin would be basically how much people would pay for a tycoon.
My guess would be 3500-4000€ very soon…But they realized that it won’t work this way.
A very interesting thing would be to know the stats how many % of the packages people buy nowadays using onecoins.
My friend who has a trader account (500€) after the split he will get 916 coins.
5000/10=500
5000/12=416
If he will sell packages for 430€ (230+200€/week) he pays 860 coins for 460€ he need 920coins (4 short) . But I maybe would buy 4 coins.. why? You can’t sell any coins below 67. But you will get 10% for the direct sells if the buyer puts you as a sponsor. So there is A LOT OF CALCULATING going on at Onecoins “camps”
postimg.org/gallery/2sa2y9dtu/
(don’t forget to check out the pictures below, I set Onecoin pics as adult content for sure ;))
More about Juhas “discounts” next week. I will get new info on friday. But it is not allowed to sell with discounts. (For all but Juha and his friends ;))
Maybe you want to know what happens if you choose the credit card option??? White page. They are still making “improvements” :O
Jul 2nd, 2015 at 5:49 am BEN(Q)
have you seen this?
sec.gov/investor/alerts/ia_virtualcurrencies.pdf
Jul 2nd, 2015 at 7:02 am Oz(Q)
I hadn’t, but that’s all the way back from 2013.
investor.gov/news-alerts/investor-alerts/investor-alert-ponzi-schemes-using-virtual-currencies
I’m confident we’re going to see a major MLM crypto-currency bust sometime over the next twelve months. It’s gotten to Zeek-level now with how the MLM penny auctions clones were.
Jul 3rd, 2015 at 3:18 am BEN(Q)
youtube.com/watch?v=PMjp67w4ckg
Jul 3rd, 2015 at 4:55 am Loni(Q)
Whoa, seriously, busted within the next twelve months? What do you base that on? Anyone OneCoin distributor reading this, it would seem to give them more fuel to get more people in to make more money, you think?
Does anyone know if it is true of a OneCoin party in Vegas for the US grand opening July 4th?
Jul 3rd, 2015 at 5:59 am Oz(Q)
Who didn’t see OneCoin not holding an event on a national holiday?
Noone…
Jul 4th, 2015 at 5:16 am mervfromoakland(Q)
what happened to onecoinscam.com ? account suspended.
Jul 4th, 2015 at 7:24 am Oz(Q)
It’s up now, but probably this:
Jul 4th, 2015 at 8:48 am Loni(Q)
Still suspended.
Jul 4th, 2015 at 11:36 am anjali(Q)
this is sad. onecoinscam.com had collected a vast body of material on the onecoin ponzi.
whats with web hosts and registrars doing business freely with ponzi/pyramid schemes but clamping down on free speech/citizen journalism?
as far as i know onecoinscam.com had collected it’s information from the internet, from the company’s website and social media and some pdf documents and press reports. how is this ‘doxxing’?
it’s not like onecoinscam.com followed ruja ignatova to her home, and made a note of her address, and released it online!
patrick pretty, asd updates, changs hub pages, behindmlm,ethan valderbuilt, eagle associates etc etc, have all been reporting on ponzi schemes day in and day out, and the ponzi threats never amount to much legally.
however we have to respect onecoinscam.com’s decision to either stay up or wind down, because we do not know what is going on in their lives.
anyway, job well done onecoinscam.com!
Jul 4th, 2015 at 1:00 pm M Norway(Q)
It was up for me. Try to “update” the webpage (F5 in Windows)?
Jul 5th, 2015 at 12:27 am BEN(Q)
ALL FILES FROM onecoinscam.com
drive.google.com/file/d/0B4CyzrtK43UvS0RrclJZeWphRHc/view?usp=sharing
Jul 5th, 2015 at 12:44 am anjali(Q)
somehow, i’ve had the feeling that the person participating here as ‘blue’ is the person behind onecoinscam.com. i’m not sure at all, just a feeling.
all i’m saying is that this blog is as good for sharing information/opinions about onecoin, as any other individual site.
Jul 5th, 2015 at 4:05 am BEN(Q)
somehow? you are welcome.
My intention was to start making chapter 5 based on this blog. Have to see what he says first.
Jul 5th, 2015 at 5:11 am cryptoexpert(Q)
WAAAIT!!
So i can buy giftcodes at say 70% rrp then resell them to suckers for full price?
even if i buy them at 100% rrp (represented retail price) then sell them to suckers but get 30% commission is similar to above!
under UK Law, please correct me if i am wrong;
If you are receiving direct payment for the gift code (one coin) into your bank account or with cash, then that puts the onus on you when sh*t hits the fan.
A lot of ppl gonna be getting sued when this goes tits up cos u r to blame for accepting the direct payment, by receiving direct payment for the one coin/gift code the blame is on you and lots of people will be arrested and in serious trouble about this.
By receiving direct payment definately puts you in trouble rather than just being an “innocent ponzi pimp who didnt know it was a ponzi” and sending to pay somewhere else.
Let me know thoughts on above.
Jul 5th, 2015 at 7:30 am Oz(Q)
Not sure about the UK, but of late we’ve seen several top investors listed as defendants in various SEC Ponzi case busts (TelexFree, DFRF).
Jul 5th, 2015 at 8:51 am BEN(Q)
That’s why we have Thailand Malaysia, Vietnam in the top? but not Germany, Uk, France and so on?
If you try to pay with credit card, the page will turn 100% white, no info or something….the credit cards are not working at all. And I don’t think it will ever work anymore 😉 (to buy onecoin education)
You can download whole site
—————————————————————————————————
………….ONECOINSCAM.COM – BENZMITH.TUMBLR.COM…………..
—————————————————————————————————
I try to make a list what is worse with ONECOIN than BITCOIN. Just shout out anything!! We’ll make a long list 😉
Jul 5th, 2015 at 9:00 am BEN(Q)
Nothing changed here by the way…
Jul 5th, 2015 at 10:41 am Loni(Q)
Did OneCoin launch July 4th?
Jul 5th, 2015 at 10:42 am Oz(Q)
Last I heard launch had been delayed till July 6th…
Jul 5th, 2015 at 10:52 am Loni(Q)
I tried onecoinscam.com site again, and it still says, account suspended. I did F5 as someone suggested, but didn’t work.
In regards to # 551 post, distributors or whomever are making money getting gift codes for people and they can get in trouble? Do you have proof of that?
Jul 5th, 2015 at 10:55 am Oz(Q)
It’s now down on my end too. Looks like DNS propagation has caught up.
I thought you might be behind but turns out your end updated earlier.
Jul 5th, 2015 at 10:59 am BEN(Q)
In the webinars and presentations, they will show you this list:
——-————————————————————————————–
Top 7 reasons Why Onecoin is Better than Bitcoin
——1————————————————————————————–
More advanced and more secured algorithm (SCRIPT)
3.bp.blogspot.com/-UEXH6vKWYFM/VOXrlomgGhI/AAAAAAAADJc/lllk95YQEDg/s1600/oc%2Bblockchain.jpg
-“OneCoin is not an ALTCOIN? This means we do NOT use the Bitcoin algorithm with small changes. We decided to use a custom made solution, which has elements of script and x11”
-“It was 5 programmers from India who did the coding”
We can’t answer this, when we can’t see it. But to develop such “better” algorithm, the costs are also higher. Why did Ruja choose almost the same looking?? (2,1B vs 21M and both 8 digits???) It looks like 100% altcoin.
——2————————————————————————————–
Smaller denomination makes coin more usable, 2100M vs 21M
-“Bitcoin reached up to 1200 USD, which made it inaccessible for many people and not practical as a currency”
No one thought it could value of ten billions of $. If it had the same amount like Onecoin it would start like… 0.0001. In both of them there are 8 digits so there are no problems using them. You buy always stuff in local currency anyway.
——3————————————————————————————–
Onecoin exchange provides due to its centralization higher liquidity and less volatility
-“Unlike multiple bitcoin exchanges all selling at different rates…”
mlmsites.s3.amazonaws.com/images/hash/06/8c/14/5020365ffa80e340a9c068a1ef.jpg
So a 100% manipulated market and price are better?? No way! This is only visual with heavy limitations to pretend it’s working. This will 100% not work for long.
——4————————————————————————————–
Dedicated management team responsible for strategy, attracting merchants and building
Dr Ruja Ignatova, Sebastian Greenwood , Juha Parhiala. No more comments! 😉
——5————————————————————————————–
Onecoin is mined in mining pools
-“Keeping individual investments in hardware.. etc , minimal”
First, you can’t call it for mining if you mine alone. Secondly, You can’t call it for mining pools. In mining pools you share computer power, electricity bills etc. If you are mining alone YOU DON’T NEED ANY MINING POOLS.
——6————————————————————————————–
Onecoin uses KYC procedures and can not be abused for illegal purposes like Bitcoin
-“Bitcoin was used for buying drugs and weapon on the internet KYC procedures = KNOW YOUR CUSTOMERS procedures”
Onecoin=The first currency which is controlled what you are allowed to buy – Is that better? KYC=more costs. To have KYC means=Go through OneCoin. A new customer have to register at Onecoin, which takes a few days to get KYC?
——7————————————————————————————–
Onecoin is still in an early stage and therefore interesting for investors, while Bitcoin is already very mature
http://www.passing.info/assets/images/Prognose_drei_Jahre.JPG
Current price is 1,15/1,25€ – The starting price for Bitcoin would have been 100€/Bitcoin if it was set so high… But it was 0.1$ in the beginning. That means that ONECOINs starting price is 1000x starting price of Bitcoin. So the price is “manipulated” to 1,15/1,25 and it has 1000x more difficult to rise than Bitcoin.
***************************************************************
Let the list continue, but now why Onecoin is worse 😉
***************************************************************
Jul 6th, 2015 at 5:23 am Loni(Q)
I and others still can’t access onecoinscam.com site, account suspended. So I’m not the only one.
Since the launch didn’t happen July 4th, curious, was Ruja suppose to be in the US for the launch somewhere? Is she registered with the SEC?
Jul 6th, 2015 at 8:10 am Oz(Q)
The launch is supposed to happen on Monday, via webinar.
It’s not important enough for them to hold an actual shindig (ala Iganatova’s birthday).
Either that or… y’know, regulators.
Jul 6th, 2015 at 9:31 pm Rockfish(Q)
I did not even celebrate the 4th….
Today is the day…. OneCoin saves the United States Currency system.