Last week, we described the OneCoin concept. This week we will compare BitCoin and One Coin…
In marketing brochure, a group of OneCoin members wrote that they came out from their comfort zone, they saw the vision”. They spoke of the number of people they’ve recruited – 20… 100… even 1,000 in one case. If those 1,000 match this by getting 1,000 recruits each, that would need a million people. And if that million want 1,000 recruits each, that means getting 1,000 million people to “see the vision”. Big payouts are promised for enlisting more recruits. “Every person you introduce, you make 10% of whatever they put into the company.” “You get an investor on 5,000 euros, you get 500 euros.”
Which brings us to BitCoin, the so-called “inferior currency to OneCoin”, according to some of the platform’s investors. In fact, one can argue BitCoin is everything OneCoin is not and vice versa. Unlike OneCoin, BitCoin is an actual currency that can be used around the world without requiring approval from a centralised company. It is rather interesting the OneLife network does not accept BitCoin payments, nor does any other merchant around the world accept OneCoin payments.
Moreover, BitCoin is a digital currency, as it does not merely exist in one website’s database. The entire world can see BitCoin transactions take place in real-time without having to install special software to do so. OneCoin transactions, on the other hand, have never been publicly documented. This begs the question whether or not there is any value to the OneCoin “currency” in the first place, considering it has no use cases.
Speaking of use cases, thousands of merchants and retailers around the world are accepted BitCoin payments as of right now. Both online and offline purchases can be completed with BitCoin. Additionally, there are also BitCoin debit cards, whereas OneCoin has no debit card whatsoever. That is quite surprising, considering the value of OneCoin seems to increase every so often. Striking a deal with a credit card issuer would not be all that hard in this regard. Then again, BitCoin has a value, and OneCoin does not, which explains why no card issuer wants to deal with OneCoin right now.
All of these warnings signs can only lead to one conclusion. OneCoin is a big scam, and should be avoided at all costs.
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