Bitcoin Forum

edinarcoin 999 trillion dollars ponzi scheme

edinarcoin is fooling people, saying it as a cryptocurrency
infact it is not even a crypto currency
there is no public and private key

it is just website with affiliate program, a pyramid scheme
wherein you pay to join and refer other members

it is pure affiliate program website running on cloudflares cloud system

how iam surprised how it got managed to get into currency exchange

iam requesting all of you to report it to authorities or wherever you can

since such a scam at a massive level, will bring goverment regulations on cryptocurrencies and blockchain
even though edinar is not a cryptocurrency, it will bring cryptocurrency a very bad name
and invite regulations

we must self regulate and kick these ponzi masters outof the system

https://edinarcoin.com/advantages-en/
on these page they are claiming to print 999 trillion dollars
scam at such a massive scale

please report it and make it shutdown

they are not blockchain or cryptocurrency
but using the buzzword blockchain and fooling people

I don't understand why people are buying into things like onecoin and edinarcoin. Just looking at the structure of the project you will see this is a ponzi scheme but our people are looking for free money, and free money always end up been frozen

Good reminder.. never looked at that one yet.
I have seen it mentioned occasionally as super scammy.
Problem is there is a lot of them that are scammy so they fly under the radar.
Too many to point out..

If they keep it up govt authorities will catch up with them.
That is what happened with LEO Coin when govt guys seized their bank accounts and launched a PONZI MLM Pyramid Fraud investigation.

Problem is they have exchanges and volume to show potential investors,this is their biggest come on ,on Yobit alone they have one of the biggest volume and and the price keeps surging up,this make speople believe this coin is legit because it si tradeable.

I am actually just reading about this now but in my own opinion, the things you listed are among the basic things anyone who is interested in making investment and expecting some form of returns should know the availability of the items. But, I must commend your awareness because some people are not really interested in the technicalities of any coin just the face value and put their money.

I have to say that this is sleek and looks like something well prepared. I was imagining something like a Nigerian prince page, but it looks kinda professional, and for me, this is the main reason of its success with newbies.

I have to disagree completely. If you go on their website, there is a lot of dodgy English. I guess it could fool newbies, but it just isn't a cryptocurrency. They have control over basically all the coins (proportionally). They also have some ludicrously funny claims on their website, like they claim that one day they will have a billion users (in barely understandable English of course)

Their first coin scam)

Why is it that Nigeria was the first thing that comes to you mind for anything Scam or ponzi related? Well like you say It's professional and very much convincing (For Newbies though).






That's right, Ponzi Coins devs make a lot of promises to their followers about how each and every user becomes an absolute millionaire ;D ...It's pathetic

most of the altcoins with premines are the scam, and they are explicit with their specifications. thanks for the reminder, though i don't use this altcoin.

Seeing on this coin i could really say that this is just a ponzi scheme and this coin have big volume on Yobit i dont know why some people do really love to buy this coin.
It really obvious indeed but well it still okay for me since i dont invest my money on this coin.Lets wait for this coin to dump :)

Both the posts here seemed scammy, and the former website. But now they have resigned the website which looks very slick. However, the fact that they have not released the source code is suspicious.

There are some governments considering a digital currency with a similar sounding name. I think e-dinar coin has piggybacked on this to try to gain legitimacy by confusing users.

Fine by you because your getting paid to advertise it right?