Bitcoin Forum

Hi today my friend invite me to join E-dinar. I'm still confused with its system but it looks like a pyramid scheme.
4-5% for every 7days and a lot of intensive for referral program. So is it what I think?

Ponzi.

Also sign up there two months ago when I was invited by my close friend I cannot say no,and judging from the system and their features it's an mlm but pretty much like a ponzi scheme where the funds stopped when people stop coming..

Stay away !

no honest venture can produce that type of return and they certainly wouldn't make you hustle it even further. that's all classic Ponzi behaviour. is this a good friend of yours? if they are then they need some basic education.

Imagine reading this if someone else wrote it, I dont even know the coin , ive never even heard of it but your explanation of how it works shouts out ponzi right away. Its not to say theres no money to be made in it but like all these things unless your one of the earlier adopters then chances are your going to go down with the ship.

FYI

http://behindmlm.com/mlm-reviews/e-dinar-review-edr-unit-ponzi-points-cryptocurrency

4% to 5% interest every week and a multilevel referral programme are clear signs of a fraud.

It's 100% mlm and investment program no doubt about it if you know how crypto currency works this kind of program is not for you,this people from mlm are now  invading the crypto currency industry because they knew there is a lot of money to be made here..

"people from mlm are now  invading the crypto currency industry because they knew there is a lot of money"

in general most of these mlm types get no access to the crypto space
E-dinar appears to be one that has gained some access to multiple exchanges
this coin runs crazy trade volume, and helps keep the lights ON for the 2nd tier exchanges
but anyone with IQ above room temp knows this coin is crap (and faked volume)
also note the insane spread, given the high trade volume

the red flags are all flying

my read is that the 'con' is with the highest buy bid exchanges;
which likely have measures to prevent actual withdraw (via GOX playbook)
and the other exchanges are allowing freemarket discovery,
but there is a ton of BTC backing the hustle, hence the wild prices/vol.

oddly enough this 'show' might eventually launch a fair POS coin/network
if and only if some market bottom holds after the rug gets pulled

EDR & E-DINAR COIN, (which was EDR before) is a fraudulent crypto scheme. DO NOT TOUCH IT!

I know many people, also myself, that lost $1000s as the company delivered 0.65% per day for 3 months on the EDR but they recently changed everything (August) to EDC which they say is registered to various crypto exchanges - which show very little volume of trade (exrates & alcurex) - the total volume dropped 98% since it was trading with EDR. Price was artificially high as they released the EDC. This is easy to see in hindsight now but not at the time.

They converted everyones EDR to EDC giving the EDR a value of 1/1000 of EDC. So if you invested $1000, then your EDR would be worth only 1 EDC. No one informed participants of the change and their website said 2 years to 22 Million mining and then changed to 22 Billion.

There are no head of company you can contact and you solely rely on the person who introduced you the EDR/EDC coin.

Do not touch E-Dinar coin at all. I know several people now have contacted the authorities but I doubt there will be any recourse as the head of the companies are hidden.

Please pass this message around as people are right this is a MLM type setup and the people involved are all from that industry trying to cash in and target newbie people in the cryptocurrency market.

yes! this is exactly what it is... i also lost on EDR scam almost 1300 USD.


STAY AWAY! here is another topic in russian from the biggest fintech forum in ru-net: http://mmgp.ru/showthread.php?t=470963

E-Dinar, Leocoin, Onecoin === SCAM! STAY AWAY!

Cryptocurrencies are not supposed to be a MLM business, the ones promoting this kind of scam are the only one gaining money using the same old schemes

Crypto is supposed to liberate us, not to enslave us in a Multi Level chain of scammers

I've been staking EDR for quite some times and so far so good. This is my finding:

1. Very low risk, the coin stays in your wallet and you can sell it whenever you like
2. The volume is good: Easily 1000 btc daily http://coinmarketcap.com/currencies/e-dinar-coin/#BTC
3. Staking return is reasonable : 0.65% daily or about 20% monthly
4. Listed on several exchanger, the biggest volume on yobit
5. Xtra income for those who like to promote the coin

To me this is a lot safer than the so called cloud mining since the coin is in your wallet and you can even sell it 5 minutes after you bought it

For those who say they have been scammed, please share with proof.

Thanks

its a pure scam,be smart where you invest money!

pure SCAM i confirm:

1. establishing EDR was made using E-DINAR HYPE that has stolen money and now built next HYPE called EDR coin
2. EDR coin isn't crypto currency at all: it doesn't have any params of cryptocurrency


Stay away either totally recon this is HYPE that can SCAM at any moment...

I also believe that they are a scam site the first time I saw it,but afte a few weeks of watching their volume I have second thought,I'm wondering how many whales are now playing with this coin,
They had a very huge volume https://yobit.net/en/trade/EDR/BTC (https://yobit.net/en/trade/EDR/BTC)

i think i can not believe that we can get 4-5% for every 7 days and maybe its like the other of MLM programs that scammed many people so i think you should be careful when you decide to join with their programs. you need to learn about their programs with details before you join and you need to read the reviews from other people so you can know how good the programs. but for me, i think i don't want to join any programs that looks suspicious for me and better i played safe for my bitcoin.

After reading reviews of forum user about EDR its taking me to conclude EDR is ponzi. As per my acknowledgement no altcoin can sustain with mlm or network marketing. In such ways of promotion certain users only get higher share and revenue but the last person who gets involved in such schemes get lost their equity.

So my honest suggestion is think twice before making any financia transactions for such mlm based cryptocurrencies.

If we talk about ponzi, then the rules of this forum will obviously say no. And if we use behindmlm.com as a primary source of news, it is clear they also would say no. Behindmlm hate the whole business is included in the HYIP category, because they paid for it.

Although not all of their opinion is wrong. But many of their analysis to embarrass themselves. Examples of their discussion about Herbalife, Onelife /onecoin, and Futurenet, 3 types of businesses grow stronger until now.

As a trader, we thought it was quite simple, hundreds of kinds altcoin affect the value of bitcoin. and we can see Edr traded in yobit market, and are on the list of coinmarketcap. We could have traded there, and a lot of profits to be gained, and it was better than we were busy screaming about scam and so on.

Indeed EDR system using the binary/ponzi for passive income. But one of the profit earned comes from mining invest (0.65%/day). It wasn't wrong in the world of marketing. I'm not defending either side, but I want you to be smarter and maximizing the potential of all existing altcoin.

Actually, all altcoins even bitcoin itself if we are going to look at it, well literally all of it they are pyramid scheme. But no need to be confuse about it, as long as you see that there are investors continually investing or rolling up to that things just go with the flow in trading. And referring to our friends is just a part of their program project. Besides E-dinar has been build for a couple of months, which means anyhow it is one that can be consider as good to invest in.

edinar it total scam. it has no any property of real crypto currency? open code? white paper of tech stuff? dev team is open for discussion?

well... edinar started as PONZI that i personally lost 1300 USD. moreover, they silently converted my 1300 EDR to 1.27 EDC abd when i asked support WTF they just shut me down :))))))))

moreover, check their site... there is only one exchange that works with edinar, the rest on yobit where everyone can present its currency (this is russian trading platform and they don't care what and who are trading there). moreover, edinar except yobit and their own edinar market aren't traded NOWHERE!

is this not enough... then here are some links in russian where people are screaming about scamming and put their real cases when they lost money. is that not enough for u? :))))))))

keep watching and u shall see how this scheme will ruin one day as OneCoin and lot other hype... edinar, so far, the most successfull.

also, here is some good research of what is edinar is:

http://behindmlm.com/mlm-reviews/e-dinar-review-edr-unit-ponzi-points-cryptocurrency/

check these links:

http://mmgp.ru/showthread.php?t=470963&referrerid=377231
https://gain-profit.com/obzor-i-otzyvy-o-e-dinar-e-dinar-io/

nobody, who is more or less reckon cryptocurrency don't see anything related to real crypto in edinar. SCAM SCAM SCAM!

i am really eager to get into some edinar big event, and when they will advertise their scam i want to ask all these questions.... just waiting for right moment.

also... u know, when robert fletcher eagerly advertise some financial scheme :)))))))))))) well........... give me a break!

https://www.youtube.com/watch?v=mgODay-yyfs

People her eon Bitcointalk really knows a scam mlm coin when they see one,this is a good reference for those who will ask if e-dinar is a legit coin or not,many facebook users are deceived because of the fake value and volume of this coin and the other mlm coin as well.

I'm not sure if it is a scam, but the gains seem unrealistic. In any market it is very difficult to obtain between 4% and 5% per week. In most markets this is difficult even within a month. Generally a gain of 1.5% to 3% a month is what very experienced traders are able to get.

https://bitcointalk.org/index.php?topic=1376040.0

here is another topic about edinar where all experienced users are warns again unrealistic statements that edinar promises!

if profit same stake in pos coin
but in reward and commision referal is big
and total suply edinar coin is veri big 999 billion coin, so is some time, not new member join, is dev and founder can dump coin

yes! this is what i want to do... i am sure when someone will search the internet when researching for EDR/EDINAR/EDC he willl find this lead and will make weighted conclusion to INVEST or NO INVEST.

BTW, the most respected exchangers index/monitoring service bestchange didn't add edinar neither other scam coin into his listings. though, i am sure  EDINAR proposed him several times sums to be added into lists.... but F*** OFF!


DEV and FOUNDERS are already did it in august... when they dumped their users when EDINAR was transformed by 1000 EDR -> 1 EDC. when EDR had value 1 USD and it was even non possible to sell it cheaper since P2P EDINAR platform never allowed prices less then 0.9 USD.

I am the one that lost almost 1300 USD because of this dump and u can understand my rage when those bastards continue to cheat more and more people.

i have talked with some exchangers owners and they told, that all exchanges were compensated by 1:1, so, only those lesser users that holded 1-5K by in those bastard's dinars was dumped :(

u are lucky one that u didn't lost so far with them... but again, it just a matter of dump. when those scammers will decide that there is the time. since most ponzi takes year... more or less, so, all gains better withdraw and keep in something else... either be ready to lost everything when u won't be able to sell your coins nowhere.... here u can see how mine 1300 USD was "converted" into 0.5 USD :)))))))

https://s24.postimg.org/3xa4jr1px/Screen_Shot_2017_01_19_at_08_23_57.png

isn't that beautiful? -1313 USD converted into 1.01 EDC :) coooollll... what is the price of EDC? also, the most interesting stuff... when u contact their support they so gladly start chatting with u, but when u ask about this interesting conversion, they just SHUT chat and disconnect u :))))))) isn't that beautiful? (https://postimg.org/image/wmx0ge5pt/)

If E-dinar was designed for the referral programmed, well I guess it is more likely that there scheme was totally called a ponzi scheme. Together at touch with the MLM it means there is also a registration program, correct me if I'm wrong.

Well it is same with my friend had invited me to make investment into edinar and i have rejected it,
I am doubt about this coin will be survive for long time and edinar has a lot of amount of coin.
Also edinar can not be mined, can not be arbitased between markets, it is more good be called centralization of digital coins
that is why i don't make investment into it.

all conclusions are right! EDINAR is total scam and fake!

I agree with you guys, once it's expressing the character traits of a pyramid investment then it's a Ponzi scheme, I fell victim a few times to such schemes growing up so I'm particularly concerned about them so it's better you stay away because nothing comes easy, 4-5% every week makes it 20% a month and 240% annually: that's too good to be true so be careful.

edinar is coin use ponzy site system
if you want join you can get return 0.65%/day
and every user join with you can get commision refereral 7 level system, and every omset youre refereal investment is big can incraese too comision referel

and standard stake coin only 20-50%/in yearly is very big is POS coin

yes EDR is a Scam!

Whenever you look at a shit sorry, altcoin, there's a number of check points that you can tick.
Is there a roadmap, a white paper, a pre-mine?
But in anonymous crypto, it's even more important to know the people behind the scheme and try and assess their character, find out about their track record.
They may be geek devs, honest but unworldly. They may be hustlers in search of the Big One, not necessarily liars but maybe a bit economical with the truth.
Or they may be serial scammers, deeply previously involved in one of the biggest Ponzi schemes ever, having done jail time for it and come back and reinvented themselves on the back of the Big New Thing, crypto.....

If you read a bit about E-Dinar, a strange organization keeps cropping up.
It's called "Change the World Together", CWT for short.

It's registered as a charity in Moscow, to an apartment address.

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

At the moment, CWT and E Dinar are on an Indonesian roadshow. The presentations are the usual type of glitzy hard sell, common to Onecoin and others. They even got a hand gesture to signify their allegiance, like Onecoin and Leocoin.
This promo tour is being led by the guy in the Moscow document, described (http://waspada.co.id/warta/pemain-baru-cryptocurrency-dunia-kini-hadir-di-medan/) as the "Chairman of E-Dinar", Alexei Muratov.

https://i.imgur.com/RVAl0Lf.jpg

The last picture I saw of Muratov was back in 2013.

https://i.imgur.com/3NMWyen.jpg

On the banner behind, you can see our old friend Sergei Mavrodi's face. For those of you who live under rocks, Mavrodi is up there among the great scammers of all time with his much imitated gifting scam called Mavrodi Mondial Moneybox, commonly known as MMM.
Mavrodi is big on the idea of "Change the World Together".
His version of it involves putting money into his pyramid in vast amounts and then having it frozen by the admin and stolen.
He "Changed the World" for many poor, desperate people, by driving them to suicide.

The reason Muratov is sitting in front of an MMM banner is because he was Mr. Big regionally for Indonesia, where he made "networking" relationships with the scum who are now conspiring with him to steal more of their countrymen's hard earned money thru E-Dinar.

 https://i.imgur.com/DjprUFC.jpg

Not only rep for Indonesia, but also India.
That didn't go well for our scammer friend Alexei....

https://i.imgur.com/MabtwHD.png



Rs 2,000 crore was about $40 million at the time....

https://i.imgur.com/YS4WSL4.jpg

this sistem still a live untill this very moment, my friend ask me to join e-dinar by offering 21% fixed profit in 30days, so this is a ponzy?

still doubt to join because a lot of people here say its a ponzi scheme

this mean alexei muratov
if big leader and top leader MMM site(founder sergio mavrodi)
is true or not is mu statement if murator before founder and chariman edinar if only member in MMM

TMGP! Your post-review is kickass! thanks, man!

The early crypto currency are not referral based and there are no guaranteed percentage of profit daily,the price depend in law of supply and demand e-dinar is a pure mlm based coin and should not be trusted by crypto currency enthusiast.

before I was interested to participate in the E-DINAR coin, but the system is less obviously make me afraid to invest in E-DINAR

Yobit news

https://twitter.com/YobitExchange/status/839146224372576260

OP was a great predictor :D hopefully he not fall for it.

i wonder how people don't see the scam behind this kind of "coin"!

E-dinar, LEOcoin, Onecoin = ponzi MLM scam: do not invest! be careful with your money!


https://github.com/EDINARCOIN-Affected/edinarcoin-return-all-the-money (https://github.com/EDINARCOIN-Affected/edinarcoin-return-all-the-money)

I agree with your opinion,That coin beneficial owner of the coin
And NO Definitely the number of coins suply

Edinar is centralization coin it is depend on the developers of edinar,
the coin can not be mined, it has much amount of supply will be dangerous
investments into edinar. Right now edinar is still survive because of still
there are people who put their money in edinar, but sometime it will be scam.

Isn't this coin had been classified as MLM ponzi scheme that will turn to be a scam once the next enrollment cannot support the network of members?  The first time I had a glimpse of this scheme, I move away from people who are aggressively marketing this coin.  We cannot blame people who fall for this due to their lack of knowledge about how a cryptocurrency should work of function.

Is a really SCAM coin?

Well I don't blame the people who made investments into edinar because I could not stop them,
they have right for choose the best coin in their opinions,
I just try explaining about the edinar coin it is centralization coin supply be managed by developers,
it is not coin due to could not be mined.

In my opinions yes it is scam coin, you can learn about this coin on official announcement thread here https://bitcointalk.org/index.php?topic=1586602.0 

Main information on E-Dinar Coin
                   
Brand: E-Dinar Coin (or EDC)
Fee for transfers between wallets: 0,1 EDC
Block Time: ~ 5 sec
Number of coins (max.): 999.000.000.000.000 (999 trillion)
Premining total number of coins: 2.500.000.000 (2.5 billion)
Hashing Type: X11 - more resistant to cracking, compared to sha256, which is used by Bitcoin.
The simplicity of the promotion to cryptocurrency exchange markets  - virtually all exchange markets support Bitcoin API.
Please you compare with other coins at least with bitcoin and you can check updating from Dev team.

My friend is always keep on inviting me to join E-dinar coin. She keeps sending message that E-dinar coin is a good to invest that your money will have a return of investment daily. That is 4-5% earn on maturity date, so Im really hesistant to join because I guess theres a need to invite people like MlM or ponzi scheme.

E-dinar was a ponzi/ hyip its not a good to invest in. More on pump and dump, don't follow your friend to invest in this type of coins. This is only my assessment but still the decision is yours.

I think you are right, I saw a coin e-dinar like seeing trash on the banks of the river, because the e-dinar coins see the number of coins supply is very high and I do not believe he will grow in the future, I suggest you do not follow the conversation your friend to invest by e-dinar coins because they are poisonous.

It is not pyramid scheme but it is really have something like it. But now I work with it more than 3 monthes and everything ok!

Daily bonuses are a reality ::). Money can be withdrawn at any time, I withdrew already about 200 $ :o

For the last 4 months of working with cryptocurrency, I get the daily bonus. Problems with the exchange and the terminal is not experienced.

Been working with the e-dinair currency for  few months now, haven't been a single hiccup with the withdrawals. Just this week have withdrawn 160$.

Hahahaha credibility huge

E-Dinar Coin is not a scam coin. In fact, it's one of the best coin that can fully fit into the smart world. Consider the 2-5secs transaction time (Block Time). Very strong Network and wallet, good roadmap. good whitepaper, fully decentralized, very low transaction fee (0.001edc/edr), committed management and developer. More works on-going to make EDR more acceptable acceptable worldwide. It's more advisable to take the advantage of current low price to buy more of it. It's better than bitcoin, especially with the transaction time. Bitcoin will soon be abandoned due to this. People won't have that kind of 30 mins patience to get payment for goods and services in future. Why some people tick e-dinar coin as scam was because back in 2016, their funds were turned to coin. They didn't have coin before, they only had e-dinar dollar. It's like ICO then. So when edinar became listed, the price for edr was $1530.15, so to offer each people coin based on their investment fund, we got fractions. Check coinmarketcap.com, you and check the chart. So the disappointment which was not well understood by investors, arose from there. So, they started dumping. But e-dinar coin is bouncing back already, gradually. The 20% is from mining. Every coin is mined. Some can't be mined by investors. Why people think 20% is too much is because e-dinar coin was the first to introduce DPOS algorithm for mining. What many crypto people understand is POW as used by bitcoin and others. Now, they use DPOS and POW algorithm for mining. E-Dinar Coin enjoys creating wonderful surprises. Many coins share network with bitcoin, ethereum, etc. But e-dinar coin has it's own separate. I prefere e-dinar coin to bitcoin, if not for bitcoin's current price which is due to it's poineer nature. But bitcoin can't be forgotten cos it's appearance gave birth for several altcoins, among which fully decentralized e-dinar coin is. Watch out for e-dinar coin price appreciation soon.

Very cute little words, but until now i haven´t seen any descentralization at all.

The wallet is a web wallet, and the application wallets, are just front ends or webservices of the web wallet, so where is the descentralization? how can WE become part of the nodes?

I contact support and they told me just the same rubbish about how descentraliced they are, but how is this possible if all we see is a webpage?

that´s weird.

i am not saying they are a scam, but they need to clarify this.

E dinar scam but they are promoting the new EDC BLOCKCHAIN ​​projectu https://youtu.be/BDsPO4EoWiU

Well, it's a waste of effort because it's almost like bitconnect that made their garbage project with 2.0, I'm sure the victims of the previous e-dinar project were smart enough not to be involved with the edc blockchain project, btw good info

Yes, you need to avoid any project that offers a quick profit.There are no super profits and easy money.This is only possible in fantasy films.

You know, in fact, all people are adequate and it is unlikely that they will invest in such projects. But the situation is that there will still be people, I assure you, who will transfer money to this explicit Ponzi scheme.There are really many naive and honest people among us ....