The story in the video is the sad reality, people just don't understand Firstly what a crypto currency is, then they prefer to take information from those who absolutely have no idea about it and they make rash decisions.
It is irrational, funded by ignorance and greed. Those are the potential reasons for one to invest in centralized, corporation coins instead of fighting for decentralizing the financial network (for various reasons).
So coming to onecoin-much-scam I had advised people I know not to take, but their so called financial guy said it was safe and what happenes next we all know, arrest,scam and that's why I have always made it a point to tell people to come to this forum read and understand before making any stupid decisions, but fools will remain fools, can't help it.
Onecoin is similar to Jehovah witnesses. A lot of people involved directly or indirectly with it were defending it. The difference between Onecoin and ETH or DASH is that in the case of the latter, the "promises" are more realistic and an actual blockchain exists.
Ethcoin is crap, Butterin said himself that it was created to shake down sheeple...
He literally said, and I paraphrase (as I don't have the actual quote at hand): "I'd rather have consensus failures every year than constant bickering.".
I've got to be honest when I saw price increases I was intrigued. So like any investment I started doing some research. After about 5 minutes I realized that I would never be investing in a centralized currency. Why wouldn't I just keep Canadian dollars that are controlled by a government I can vote for rather than some developer from where ever that can change anything he wants at any point. That sounds awful. Smart contracts are a good idea, but he didn't get it right.
Altcoins are lucrative to speculate and trade in order to attain more Bitcoin. However, if you start "shilling" for them like a "fanboy", then you have been enveloped by greed.
