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I first heard about Onecoin shortly after closely following the infamous Paycoin (XPY), GAW, Josh “Homero” Garza, “$20 Floor,” Merchants “Coming Sooooon!™” debacle and watching that train-wreck unwind. I remember thinking how absolutely crazy it was seeing their PayBase Logo flashed across the Miami Beach Hotel after-party and pool-side Paycoin HD commercials looped on every TV at TNABC 2015 (Onecoin tried demonstrating credibility by pulling a similarly expensive and 100% paid sponsorship stunt 9 months later by purchasing the 4th Annual EU – South East Europe Summit, held by The Economist)!
So, around March of last year someone hit me up asking me if I wanted to join Onecoin. Onecoin is purported to be the “most transparent” cryptocurrency company (their *blockchain is “audited” – **read ridiculousness). However, they are both Centralized and Closed Source. Their claim is that they have “fixed” all of Bitcoin’s “flaws” and are “better than Bitcoin!” Ummmm… “Odd” – I thought. And about ten sec. after pulling up their embarrassingly novice looking website (perhaps speaking to their technical abilities to even make an alt-coin) and catching glaring spelling and grammatical errors, I realized that this was the first “cryptocurrency company” in the world, which did not even accept cryptocurrency!
For entertainment purposes, I decided to watch one of their terrible videos HERE: (Ruja describes “switching on” the blockchain), and explains Onecoin “mining.” Here I learned something about cryptocurrency “value,” which contradicted all previously known laws of supply & demand, which simply was that “the higher the mining difficulty, the higher the value of the coin!“
So, around March of last year someone hit me up asking me if I wanted to join Onecoin. Onecoin is purported to be the “most transparent” cryptocurrency company (their *blockchain is “audited” – **read ridiculousness). However, they are both Centralized and Closed Source. Their claim is that they have “fixed” all of Bitcoin’s “flaws” and are “better than Bitcoin!” Ummmm… “Odd” – I thought. And about ten sec. after pulling up their embarrassingly novice looking website (perhaps speaking to their technical abilities to even make an alt-coin) and catching glaring spelling and grammatical errors, I realized that this was the first “cryptocurrency company” in the world, which did not even accept cryptocurrency!
For entertainment purposes, I decided to watch one of their terrible videos HERE: (Ruja describes “switching on” the blockchain), and explains Onecoin “mining.” Here I learned something about cryptocurrency “value,” which contradicted all previously known laws of supply & demand, which simply was that “the higher the mining difficulty, the higher the value of the coin!“
hahaha haha
a few days ago i saw a alt-coin in yobit, its value was 800-3300 satoshi and three hours later, dropped down to 20 satoshi and died.
