Talk:OneCoin

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OneCoin is a Ponzi scheme [1] [2] promoted one coin vs bitcoin wikipedia a cryptocoin with a private blockchain. According to OneCoin, its main business is selling educational material for trading. Members are able to buy educational packages ranging from euros toeuros. OneCoin is said to be mined by servers at two sites in Bulgaria and one site in Hong Kong. Each level except six and sevenor package, gives new educational material, which is plagiarized from several sources.

However, in a typical OneCoin recruiting meeting most of the time recruiters talk one coin vs bitcoin wikipedia investing in cryptocurrency and the educational material is barely even mentioned. Currently there is no way to exchange onecoins to any other currency. Previous to January the only way to exchange onecoins to any other currency was OneCoin Exchangexcoinx, an internal market place for members who had invested more than just a starter package.

This service was shutdown without warning in January The market place had daily selling limits based on which packages the seller had invested in, which greatly limited the amount of onecoins which could be exchanged. On 1 Marchwithout a prior warning, OneCoin issued an internal notice that the market would be closed for two weeks for maintenance. The notice explained that the maintenance was necessary due to high amount of miners and for "better integration with blockchain".

German police and Europol took part in the bust and the investigation. Also 14 other companies, tied to OneCoin, were investigated and 50 witnesses were questioned. OneCoin's servers and other material evidence were seized. They stated that the document was against the MPI regulations and that the person who supposedly signed the document was not in the position claimed by the document at the time when the document was created. MPI warned individuals and enterprises to be vigilant if they encounter the document during business.

OneLife Network Ltd was directed to cease and desist from carrying on with the illegal trading business. The police attended the event undercover to judge the accusations before they decided to act. Further investigation has been started to reveal the higher levels of the pyramid.

A special investigation team was formed with four Assistant Police Inspectors and 15 personnel under Senior Police Inspector Shivaji Awate to follow the money trail for further arrests. The company and the scheme is on the observation lists of many authorities, among them are authorities in Bulgaria, Finland, [6] [32] [33] Sweden, [34] Norway [35] and Latvia.

From Wikipedia, the free encyclopedia. Not to be confused with the Onecoin issued by Chinese company Xunlei. Retrieved 5 June Malaysians Warm Up to Cryptocurrencies,".

Retrieved 25 March Retrieved 10 July Cops recover Rs 24 crore from 9 banks". Antitrust sospende la promozione della one coin vs bitcoin wikipedia OneCoin da parte di One Life".

YOU don't - here's why hyped-up web currency is virtually worthless". Archived from the original on Retrieved from " https: Pyramid and Ponzi schemes. Views Read View one coin vs bitcoin wikipedia View history.

This page was last edited on 6 One coin vs bitcoin wikipediaat By using this site, you agree to the Terms of Use and Privacy Policy.

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This is a list of cryptocurrencies. From Wikipedia, the free encyclopedia. Cryptocurrency with the most famous, popular, notable and highest market capitalization. First block chain to support currency creation by interest paid on debt. Solidus Bond proto smart-contract. One of the first digital coins patented in the US. First block chain to support encrypted mail with attachments.

Not based on bitcoin. It is commonly used to convert other cryptocurrencies to USD. Retrieved December 31, A Brief Thematic Review. Economics of Networks Journal. Date accessed August 28, Retrieved January 24, Retrieved January 14, A guide to some other crypto currencies". Association for Computing Machinery. Retrieved July 24, Accessed December 28, Retrieved December 14, Archived from the original on Retrieved November 14, Retrieved April 9, Retrieved April 11, Using the Blockchain for Good".

Retrieved January 20, Retrieved January 18, Mining Crypto currency with a Purpose". Retrieved January 15, Archived from the original on February 3, Retrieved December 21, The Wall Street Journal. Retrieved October 13, Retrieved November 13, Retrieved June 18, Retrieved November 18, Grayscale launches digital-currency fund backed by Silver Lake's co-founder Hutchins".

Retrieved April 27, Retrieved December 27, Retrieved October 20, Retrieved September 14, February 10, — via GitHub. Retrieved January 11, Retrieved January 13, Ethereum Ethereum Classic KodakCoin. Dogecoin Gulden Litecoin PotCoin. Dash Decred Primecoin Auroracoin. Proof-of-authority Proof-of-space Proof-of-stake Proof-of-work system.

Anonymous Internet banking Bitcoin network Complementary currency Crypto-anarchism Cryptocurrency exchange Digital currency Double-spending Electronic money Initial coin offering Airdrop Virtual currency. Retrieved from " https: Wikipedia indefinitely semi-protected pages Use mdy dates from January Articles containing potentially dated statements from April All articles containing potentially dated statements.

Views Read View source View history. This page was last edited on 7 May , at By using this site, you agree to the Terms of Use and Privacy Policy. Satoshi Nakamoto [nt 1]. SHA-2 56d [6] [7]. The first decentralized ledger currency. The first cryptocurrency to use Scrypt as a hashing algorithm. Vincent Durham [11] [12]. Also acts as an alternative, decentralized DNS. First digital coin with theoretical value based on the work required to produce electricity.

First cryptocurrency based on the CryptoNote algorithm. Focused on user privacy through impassive and anonymous transactions. Sunny King pseudonym [15]. Trusted storage for any small data: The first cryptocurrency linked to citizen science through the Berkeley Open Infrastructure for Network Computing [28] [29].

Uses the finding of prime chains composed of Cunningham chains and bi-twin chains for proof-of-work, which can lead to useful byproducts. Ripple [32] [33] [34]. Designed for peer to peer debt transfer. Specifically designed as a flexible platform to build applications and financial services around its protocol. Baldur Odinsson pseudonym [40]. Used American hip hop artist Kanye West as its mascot, abandoned after trademark lawsuit. A bitcoin -based currency featuring instant transactions, decentralized governance and budgeting, and private transactions.

Privacy-centric coin using the CryptoNote protocol with improvements for scalability and decentralization. Scala , Java [52]. The first cryptocurrency to be nominated for a major adult industry award. Open-source, decentralized global financial network. Supports Turing-complete smart contracts. Jan Ludovicus van der Velde [68]. Scala , JavaScript [73].

Open blockchain platform, featuring token creation, distributed exchange and fast, high volume, transactions designed for ease of use [74] and mass adoption. Feeless Smart contract platform for decentralized applications and decentralized autonomous corporations with a block time of ms. KodakCoin is a "photographer-centric" blockchain cryptocurrency used for payments for licensing photographs. First cryptocurrency backed by Venezuela 's reserves of oil.