[2016-8-7] How not to blockchain - a look at OneCoin

[newsatbravenewcoin]

There has been a resurgence of news about OneCoin in recent weeks, in what appears to be a high-profile multi-level marketing ponzi scheme disguised as an altcoin.

http://bravenewcoin.com/news/how-not-to-blockchain-a-look-at-onecoin/

[TimTayshun]

https://news.bitcoin.com/beware-definitive-onecoin-ponzi/

Onecoin is vapor-ware, centralized, run by career scammers who have ALL been involved in other failed ponzi scams which have cost victims over $100,00,000. Onecoin says it is "The Bitcoin Killer," but it does not even have a blockchain.

The crooks pushing it (and others who may not yet know it is a scam) have brought in over A BILLION DOLLARS to the company via its MLM Pyramid model! THIS WILL NOT END WELL.

As a community, we should destroy it before it claims more victims and further damages the regulatory environment surrounding legitimate crypto's.

[btcbug]

Wow, I hadn't even heard of Onecoin until somebody attempted to friend me on FB. I checked their profile and they are a Onecoin promoter. Needless to say I won't be friending them.

I checked out Coinmarketcap.com and it's not listed. Good for them for not giving this coin any legitimacy!