In order to answer that question, you have to understand how large scale MLM schemes work: to a certain extent they are decentraized, as strange as that may seem in an inherently pyramid structure.
Very briefly, there is a project.
The developers may be independent, may be hired to expand on a recognized opportunity (see crypto) and the word goes out amongst IMA's (Independent Marketing Associates) who have their own ad hoc marketing structures in place, a ready made sales force.
The New Big Thing: get out there and sell it. And sell it again.
These top IMA's are known by rank dependent on how big a downline they bring to the party. And they do their own thing, using the centralized admin structure, create their own websites (See BitClub Network's different versions) and take a rake of every sucker's buy in money.
Around 60% of total revenue into an MLM scheme ends up with them and their lieutenants.
They run seminars, charge for anything and everything, sell positions in the matrix for cash, anything to make hay while the sun shines.
So that of, say, $2b that went into Onecoin in one way or another, over $1b went to those "Black Diamonds" "Blue Emeralds" etc. likely never to be seen again.
These are the guys with the gold Rolls Royces and Rolexes, flying round the world staying in 5* hotels, saying "You can live like me, just give me your money."
A number of the OneCoin high rollers are still living the high life in "relaxed" financial regimes around the world. And, of course, looking over their shoulders for Interpol (not so much) and Gangstas with $5 wrenches.
And whole communities are reduced to (even more) debt because they trusted their "friends", in some cases their local religious ministers and random people on the Internet.

Here's some of the top brass of Onecoin partying at the V&A Museum in London 2016.
Most of the people in the video made millions and have since moved on to other MLM scams.  Two are in jail in the U.S.
It was Ignatova's birthday.
She paid aging pop singer Tom Jones £250k to sing for her. Knowing the way Tom is, he didn't take Onecoin.

www.youtube.com/watch?v=79d4ej3xhUk

---

The waves from Onecoin's demise are continuing to swamp various boats.
The bent money laundering lawyer Mark Scott (see previous posts) incriminated a guy called Robert Courtneidge thru emails revealed in his case. They were both partners at Locke Lord an American BigLaw firm.
They both left Locke Lord, Scott to launder Onecoin central funds (what was left after the IMA's had taken their cut) for the Ignatova's and Courtneidge to become a Director at ePayment Systems in the UK, a processor with offices in London's swanky (love that word) Mayfair and about £100m in the system when BANG...the FCA shut them down on Feb 11th.

Whether this is based solely on what came out at Scott's trial or whether there some plea bargaining and giving up going on, I don't know.

Sources:
https://ftalphaville.ft.com/2020/02/14/1581687078000/What-s-going-on-at-e-money-firm-ePayments-Systems–/
https://behindmlm.com/companies/onecoin/onecoin-at-the-heart-of-epayments-systems-shutdown/#more-54572

Good short but, as a matter of interest, what was your thinking about closing above $9000?
To me, it was the middle of nowhere, what support did you see?

I have no interest in responding to a post from the latest in a long line of alt accounts, riddled as it is with disingenuous nonsense and deliberately misleading claims to altruism.
Before I leave this toxic thread, I'll make clear that my posts and use of the forum systems are inline with the current guidelines laid down by the forum administrator.
My so called AIDS posts are meant to inform and hopefully educate, and any feedback I leave comes from the same motivation.
I don't align with any of these apparently rife? cliques which are endlessly referred to, and I have no financial incentive for posting or for the content of my posts.
I don't disagree that some abuse of forum systems exists. I disagree completely about unilateral solutions to it, especially when the main driver behind this proposed imposition is a hypocrite of the highest order.
The idea that the censorship you propose somehow supports and encourages "free speech" is beyond absurd.
You and anyone else can include or exclude me from their trust; I won't blatantly retaliate, then thrash about pulling varying justifications out of my ass, like your boss does.

Helping out with an update here, in the absence of any corporate information.


Just a quick update on this "stablcoin's" progress.
No "Supply Adjustment" information for a month.
No new whitepaper. (Still haggling on MechTurk?)
The price is languishing around 10 sats and Dangerfield's absence (nearly a month) has been explained by the death of his grandmother.
He is too grief sticken to update or post anything for his dwindling band of bagholders, but strong enough to retweet MAGA crap on his Twitter feed.
He's left our MAYA pumping YouTube "analyst" in charge of the depressed TG group, who has established that it couldn't possibly be an exit scam because bagholders still have 40% of the worthless token issue. I suppose that makes sense to somebody.
Brings to mind the old poker quote

"If you can't see who the sucker is, then it's you."

Just a quick update on this "stablcoin's" progress.
No "Supply Adjustment" information for a month.
No new whitepaper. (Still haggling on MechTurk?)
The price is languishing around 10 sats and Dangerfield's absence (nearly a month) has been explained by the death of his grandmother.
He is too grief sticken to update or post anything for his dwindling band of bagholders, but strong enough to retweet MAGA crap on his Twitter feed.
He's left our MAYA pumping YouTube "analyst" in charge of the depressed TG group, who has established that it couldn't possibly be an exit scam because bagholders still have 40% of the worthless token issue. I suppose that makes sense to somebody.
Brings to mind the old poker quote

"If you can't see who the sucker is, then it's you."

Just had a monthly look in at this, prompted by an e-mail sent by a kind reader which explains the broken link to Blonde 2.0's PR company, announced with a great fanfare and promoted for months on the Maya TG

The whole PRnewswire onslaught has also ceased. Budgetary considerations?

Token prices are dead, MAPR223 occasionally trading a few sats worth around $20.
TG is a wasteland of soonsoonsoon. Whoever controls the Onewdmoney account has put this on loop



Apparently, it's all our fault, but what do we know? Anyway, we're being "handled".....





 

Yes, I thought that reference would push your Agenda Button.
Maybe I'm a commie?

"Are you, or have you ever been, a member of Default Trust?"

---

Classy.

It really should be bigger, and in a suitable font. Look cool on your bowling shirt.


To prospective members of the anti-gang gang, this is what your anti-leader leader decrees.
Are you cool with that?

You never got round to reading the rules about consecutive posting, is my guess.
Do you have no records of your, presumably successful, four years of prior trading that you could share with us?

Juvenile strawman rhetoric.
That's precisely the reason for doing it, "a concern for innocents".
What "evidence free" suspicion?
Red trust should be reference linked to the reasoning behind it.
More flowery strawman bullshit from the king of OCD.
The whole forum watches.
Anyone who wants to object to my posts or my feedback is more than welcome to dispute them, show me where I'm wrong.
I have no interst in being a poster child in this nonsense, but it's simple: retaliation for my exclusion of him. He now wants his anti gang gang to copy it.
Pick thru his tedious narrative above for his changing "reasons" for it.

Put me on your fucking blacklist, accuse me of shit that I don't do: standard right wing American control bullshit masquerading as being "in the public interest".

I'm sure you can. 

Maybe, just maybe, you should question the whole basis of this need to "communicate" about anything and everything.
Serious investors who understand their subject don't use social media, they don't need to.
The whole space is full of scammers and liars, of misdirection, FUD and shills. The noise is deafening.
Do an experiment (if you are serious about understanding crypto in any depth): analyse exactly what you get of value during the course of say a week from these interactions.
Then spend a week without interacting in any way: instead, research in depth from credible sources, learn historically valid methods of analysis. Go for a walk.
See the difference.

Remember the old saying "If you're at a poker table and you don't see who the sucker is, then it's you.”

The Forex world is littered with scams, just like crypto.
None of these suggestions fit your need for no bank account involvment.
*unwatch*

Thanks for that link, I missed that thread.
If you look at pulbish0x's business model then the bigger situation becomes clear. This is purely a game of Whack-A-Mole.
The only way to deal with this effectively is to convince Theymos that it's in the forum's best interest to bar any and all links to publish0x.
That'll be a hard sell....



I didn't know that, thanks.
fourthfunction has just now started posting publish0x linked threads again, so it's not banned. I'm reporting them. Boring.

It hasn't posted since my report.
Logged in tonight without posting (so isn't banned), has rarely missed a day up till now. Strange.

And I didn't say that you did.
I see no conflict in my logic. Do you see the conflict in yours?
Much patronising wow. Literally everyone I know irl would piss themselves laughing at that as a description of me.
Oh please.
Your OP litany of rhetoric
followed by your "Suggested Exclusion" blacklist, paints those on that list -including me- as conspirators in those actvities, all of which are antithetical to the existing protocol regarding use of the trust system.
I don't do any of that shit.
Nope, haven't used the word.
"Retaliation" I've used, in reference to your reaction to my exclusion of you. But yeah, I'll use it if you like.
In running your own anti-gang gang (interesting concept), you'll be able to project all sorts of solutions to your personal issues.

Good that you're sure of that.
That makes your "false equivalence" point a redundant fantasy, along with your previous assumptions.


I haven't demanded, condemned or blurred anything here. You do entirely what you please, but if that includes projecting your agenda onto me, then I will respond. 
I posted here because I was told you have put me on some list, purportedly for violating existing forum trust protocol, an accusation that I completely reject.
You also imply that I am part of some sort of conspiring, power tripping forum gang.
Absolutely fuck off with that one too.

This made me LOL.
Intellectual dishonesty....talk about pot and kettle.

I see what I perceive as red flags forming around Binance's ecosystem but, fear not, no Scam Accusation on the way just yet.
It has something of Enron about it.

No, I have reported a single post before and included information in the report that has led to multiple other posts being deleted.
I can't see the logic in deleting a single post when the whole (stated) point of the report is about chronic abuse.
Surely if that one post is unacceptable then so are the identical 287?
And a 288 count shit posting account should be nuked on that basis.


You're reading the post history backwards. His last posts were yesterday: the reported one deleted, seven similar ones remain.

Checking Modlog, the individual reported post has been deleted. No other action appears to have been taken.


I shall see if it produces its customary ~10 posts later today.

 

You have absolutely no basis for the belief that that was my motivation for excluding you from my trust list. Pure assumption.
It wasn't.
(I actually know my motivation for my actions).


A completely baseless assumption, with no supporting evidence, to justify a trust or exclusion negative action: exactly what you criticize others for doing.