Norbert on Nostr: It was 2016, and Craig Wright had just launched his scam campaign pretending to be ...
It was 2016, and Craig Wright had just launched his scam campaign pretending to be Satoshi. At the same time, Ruja Ignatova and her accomplices were ramping up their OneCoin scam. They presented it as "the Bitcoin killer", while in reality there was no cryptocurrency there at all, it was all a scam.
They targeted unsophisticated newbies wanting to get rich. Since everyone with a modicum of technical literacy and skepticism understood that this was a scam, the fake coin wasn't listed on CoinMarketCap or anywhere else.
Their way around this was to set up a CoinMarketCap-like site where OneCoin was actually listed. The fake coin wasn't traded, so the price was just whatever the scammers said it was, and the supply too.
Go there, and it might look like OneCoin was on its way to flippen Bitcoin! People lost billions to this scam and are still struggling as a result.
They targeted unsophisticated newbies wanting to get rich. Since everyone with a modicum of technical literacy and skepticism understood that this was a scam, the fake coin wasn't listed on CoinMarketCap or anywhere else.
Their way around this was to set up a CoinMarketCap-like site where OneCoin was actually listed. The fake coin wasn't traded, so the price was just whatever the scammers said it was, and the supply too.
Go there, and it might look like OneCoin was on its way to flippen Bitcoin! People lost billions to this scam and are still struggling as a result.