So I went to a onecoin meetup.
Yes i know, It was advertised as an ICO group. (Probably to avoid tripping fca alerts ) So I expected groups who were developing coin/tokens launching or had launched ico or were just generally interested.
Instead I got onecoin (I think I put them off when my answer to what else do we know who is behind it Was etherum foundation in zig,switzerland. ) I was avoided while they worked the room.
What I can't figure out though is how they are able to troy out so many merchants who are willing to take payment in onecoin given how it is worthless. Sure I can figure 50/50 just raise your prices by 50% then take half onecoin and half fiat. But 100% onecoin. That makes no sense unless there is value to the coin (which there is not) so do they hire actors or something? Or do they pay merchants at a different rate? Or is there some other trick.
Yes i know, It was advertised as an ICO group. (Probably to avoid tripping fca alerts ) So I expected groups who were developing coin/tokens launching or had launched ico or were just generally interested.
Instead I got onecoin (I think I put them off when my answer to what else do we know who is behind it Was etherum foundation in zig,switzerland. ) I was avoided while they worked the room.
What I can't figure out though is how they are able to troy out so many merchants who are willing to take payment in onecoin given how it is worthless. Sure I can figure 50/50 just raise your prices by 50% then take half onecoin and half fiat. But 100% onecoin. That makes no sense unless there is value to the coin (which there is not) so do they hire actors or something? Or do they pay merchants at a different rate? Or is there some other trick.
Move this on scam accussation this not has to be put in here
What I can't figure out is why merchants are willing to accept payment in a scam coin.
