Bitcoin Forum

 Hi guys! I know there is already some coin called onecoin. However I´m talking about this new, will be launched
for mining after month approximatelly, new kind of coin. This is not open source based cryptocurrency. Company seem to be
serious about this, they are having all legal documents available to see. Webinair´s are hosted twice a week about the progress.

 This is what they have told about it so far:

 - 2,1 billion coins to be found, mining has not started yet. Estimated time of when mining is starting will be in october this year.
 - not going public immediatelly, all members will be desiding it when, most likely not
   before 2015.
 - New kind of algorythm, not open source, meaning this cannot be copied like any bitcoin, and create duplicate.
 - Cannot be mined by any others than members
 - 9 different ways of rewarding builders.
 -At this very moment joined memebers 517 ( I assume this is not much)

 ..Now a short time I have been doing research about this cryptocurrency business. From my opinion this looks good.
Please tell me with a longer experience of cryptocurrencies, what do you think?

 You can check this company´s website from this link http://www.onecoin.eu/ (http://www.onecoin.eu/)

 I don´t ad my referral url on this post so you guys don´t lynch me for spamming. However if you deside to join and any referer is asked, you can use the same name I use on this forum  ;D At least it is fair to let people know about this kind of coin too, and I didnt see any previous posts about it :)

 If there is plenty of people willing to try it, we could create some kind of referring chain? Feel free e-mail me if you want more information.

scam maybe?

Wait it's legality is confirmed?!
Not opensource?!
Only avaliable to members losers
Fuck dat shit.

Try to work on some other idea its already failed because no one going with you in this coin

 Well they have legal documents from certain law firm at least.. Also persons behind this have some kind of high reputation, and backround
from finance and marketing. Previous webinar on thursday was hosting a woman called Dr. Ruja, her reputation told to be a pretty high expertise from financial backround. Also been writing two books. Unfortunatelly I can´t confirm anything else, because it is only what they have told in webinair :)

closed source defeats the point of crypto.
No one will care.

Well this was a bit too obvious! :)

Whenever someone offers you a "opportunity" to make money but requires you to pay them for it.

Yea it's a scam

Why one coin, if it's already existed, don't you be more innovative.

 No idea why they have this same name. I was wondering that same, but then again we don´t know which one was first out.
Possibly and most likely this company has been builded and developed a long time already.

 Scam? Well when I heard about Bitcoin first time, I thought it is a clear scam. This was in 2009, and I didnt partisipate
to it. I´m sure there were thousends of others thinking the same way. I´m going to see if this works :)

 Here is some youtube video about this. Make your own descissions :) http://www.youtube.com/watch?v=7_rKnuHFlSc (http://www.youtube.com/watch?v=7_rKnuHFlSc)

Fail and red flag.


Unfair distribution, red flag.

So it's a coin that has an unoriginal name, brings no real new features (closed source so I can't even verify that there is a new algo so I'll assume that there's not) and seems to completely miss the spirit of the cryptocurrency movement. Yeah I'm out.

Haha, no thanks this is ridiculous.

Being closed source and having a hush-hush member-only distribution is the opposite of what crypto stands for.

this is looking good  ;D ;D ;D ;D

The cryptocurrency OneCoin has not been officially launched and is to be presented yet here on the bitcointalk. Three things however that can be shared already today:

1. Yes, first it will be available only to a group of members in the first stage
2. It is not closed source - so maybe all the critics just wait for the proper introduction? It has a proper blockchain, algorithm etc.
3. The legal opinion presented is on the legality of cryptocurrency and OneCoin in different states

I suggest we wait for critic and comments once facts are communicated



PS: OneCoin is not connected to the old OneCoin

The point is that if this is a good thing or not, it doesn't have really anything to do with us.

It's so far from what crypto stands for, and the reason we are all here, that no one around here will get involved from a crypto standpoint at least.

It's separate from what we do as it is TOTALLY backwards.

onebullshit again

For clarification, onecoin (onecoin.eu) =/= 1coin (1coin.eu). The latter is actually a decent coin.

WARNING WARNING WARNING !!!

THIS COIN IS BULGARIAN SCAM (I AM BULGARIAN AND I AM NOT PROUD OF THIS COIN)...


THE OWNER OF THE COIN IS WELL KNOWN SCAMMER (ACTUALY ONE OF THE OWNER IS WOMEN THE OTHER I AM NOT 100% SURE).


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.

Update on real time activities:

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

closed source... lulz
closed source = not secure
good luck  ;D

Here is the real 1Coin. https://bitcointalk.org/index.php?topic=820302.0 (https://bitcointalk.org/index.php?topic=820302.0)

One account has 185 Million Tokens ?

That would cost 23 Million Euros to acquire ?

Even with the split that could be 11.5 Million euros.

Wow  ???

agree , this seems very stupid

So existenz55 Dr. Ruja is known to you?  Can you give anymore info?  They just fired the CEO nigal allen...said he had done some bad stuff. 

Nowadays everyone is trying to ride the crypto hype-train.

Why should we even consider checking this onecoin out?

Thieves calling thieves thieves!  ;)

http://behindmlm.com/mlm-reviews/onecoin-review-100-5000-eur-ponzi-point-cryptocurrency/

Please speak English in this section.

So I go to this business after hours networking thing on Monday nights and the last 2 times I was there I got these cards shown below.  And both of the people that gave them out kept going on and on about Raja and how highly rated by Forbes she is and all this fud.  I knew it was a scam from moment one and being the bitcoin expert I am I kept explaining about how bitcoin works and why its better.  They left not long after i started in on them.

The guy I talked to, Albert, was saying it doesn't matter if it becomes a real currency or not he's just concerned about being in early and cashing out which is good but was the essence of pump and dump.  This feels a lot like Paycoin and all that hoopla.  The member thing is the icing on the scam cake. 

https://i.imgur.com/M5DMrox.jpg

Im still trying to verify if Onecoin is legit or if all the negetive talk this forum and other blogs talking trash about Onecoin is a true concern. I dont know yet but im not finding any hard evidence to dought the potential of Onecoin. Just seen a video on facebook ranting about how bloggers just love to rip on MLM companies no matter what. Is quite amuzing check it out https://www.facebook.com/onecoinusa1 (https://www.facebook.com/onecoinusa1)

This is not legit and has already been established on one of the largest forum in the world, flashback.org. 65 pages long. Ruha och Luja can go and fuck them selfs. Ruja is buying people of to promote it, with HUGE amounts of PR money. Although it seems that 300 000 chinese people have bought so far. Luja holds a large amounts of tokens that he pretty much got for free. One thing Ruja has done is to invite the swedish prime minister to talk about something that not has anything to do with onecoin, just to gain attraction. When Ruja her self calls up forbes and other news papers to get attention, i mean, cmon. No one is calling up forbes and says "hey i got alot of money", can you write me up there? She is paying the fuck out of everything just to get attention to let this pyramid scheme get going. There are alot of information at flashback.org, but its in swedish. I wish i could translate it all, but i do not have the time for it.

I was watching they presentation and I can confirm Onecoin is pure pyramid scheme and nothing to do with cryptos.
Actually coin is not even exist outside the Rujas website.

But hey, They don't even sell coins or even mining "tokens" hehe funny new product.
They are selling some fancy pdf files.

Most funny part is.. if Onecoin is really exist...  
and if Onecoin will get listed somewhere outside they own manipulated marketplace...
and if Onecoin marketcap will be valued on same level with Bitcoin...
 Onecoin price should be 100 times lower than people pay now.

So, if Onecoin will have 100 times higer marketcap, investors will get money back but no profits at all.
100 times more popular than bitcoin and you are just even. hehe.

So there is no need even think about is Onecoin scam or not.
It is not investment instrument and it is not cryptocurrency.

Is it legal? Yes.
They sell pdf files.
Even "mining tokens" what ever it means.. those are just free gift.
 
How about coins?
What coins? Who sell coins? We sell instruction pdf files.  ::)

I don't usually judge or warning about scam coins but this "Onecoin" is over anything I have ever heard.

http://cointelegraph.com/news/114399/one-coin-much-scam-onecoin-exposed-as-global-mlm-ponzi-scheme

Good to hear.

hey guitarman61, have you heard anymore about onecoin since then.
I saw them in action in Malaysia. You think they are still a scam?

Cheap website, no info, closed source, stolen logo (https://www.google.com/search?tbs=simg:CAESngEamwELEKjU2AQaAggADAsQsIynCBpfCl0IAxIl6wHsAUCXBj-QGacZQeoBzAOiPbwzzS2jPb0z3zyZN-I8gDSzMBowXf-mh_1Ykp6_1mU-nNCiuFDvE4wJe5pALVFakFEnlhJRVt9C4Nc5as18Iq7hDOzWw9IAMMCxCOrv4IGgoKCAgBEgRCFC-uDAsQne3BCRoMCgoKCGdyYXBoaWNzDA&q=onecoin+eu&tbm=isch&sa=X&ved=0ahUKEwi4wpO_69zKAhVBiCwKHVDXDd8Qsw4ILQ&biw=1680&bih=820) = scam

total scam.  she was smart going after the multi-level marketing community.  they're doing all the work for her.  only problem is they're all probably going to get in deep shit when it hits the fan.