OneCoin MLM network OneLife through the platform DealShaker
OneCoin is positioned by the company as a "digital currency that is based on cryptography", as an analogue of the Bitcoin system. In this case, there are significant differences from what is usually considered a crypto currency:
OneCoin lacks a peer-to-peer network;
Operations are only available through company-controlled sites (in the private office, MLM network OneLife, through the platform DealShaker);
Full control over the database is only with the issuing company One Coin Limited.
The general idea of crypto currency is based on complete decentralization and open source. The founders of OneCoin argue that decentralization has to be eliminated, since it is a problem and a shortage of crypto-currencies - it allows to engage in the shadow economy, financing of terrorism, complicates relations with legislative bodies. OneCoin was originally created as a harshly centralized system. Organizers of OneCoin do not publish the source code and do not even announce the technical details of the system (the size of the blocks in the block, the frequency of the change in complexity, how the proof of the work is done).
"Mining" deals exclusively with the company "One Coin Limited". Employees of the company argue that at first the mining is much cheaper than at later stages. At the same time, the change in the cost of mining is explained only by analogy with Bitcoin. But the complexity in Bitcoin increased with the increase in the total capacity of the miners. Here, only one company implements mining, there is only one miner and there is no need to increase capacity, and without such growth, the complexity and cost of mining should not increase.
You can get the Onecoins only by purchasing from One Coin Limited (more precisely, to buy one of the "educational packages" that contain "tokens" that can then be exchanged with the company for Onecoin) or from other participants who bought them earlier. Participants do not have the opportunity to dispose of the ONE coins without the control of the company - all operations with them are possible only through sites controlled by the company.
Declared a limited emission - in total 120 billion Onecoins will be produced (maining), 3,000,000 One coin can be generated per hour, about 72,000,000 per day. As of mid-October 2016, about 2.5 billion Onecoins were planned.
More: http://onecoinsign.com
In what way is it not a scam?
... there is no good answer for that question.
the second quarter of 2018 OneCoin will go on the open market then we can tell for sure,...😔 Is decentralized better, is anonymous better,...,people will decide, technology can solve problems for the better or not,... Who is really behind BitCoin, is Alan Greenspan Satochi Nakamoto, is BitCoin what the FED wants or is it really a gift of the universe to humanity,... Many questions with little answers, the vision of the OneLife group is something revolutionary but do they have the best technology behind their vision or is it based on false promises, it is very hard to tell. The information of the haters has been proven many times wrong and the company is still a baby, patience is for many OneCoiners the answer for now, time will tell,... But millionaires are made in the OneLife community and that is something we can not deny. ✔️
they say that onecoin is worth 12 euro, and it is not sold through any exchanges? scam. you have to buy onecoin through a "package" its a total pyramid scam, they have no proof that they have a developed blockchain. @semillabesad, so you say onecoin is "decentralized better, is anonymous better". is that what they tell you?
not really, it is just what happened to me,I got introduced in the crypto world through OneCoin. Did not do much research, I just trusted the guy who introduced me to the opportunity. I think the future will bring centralized and decentralized crypto's. I do not know what is best, time will tell... But I have to say that Steem is something that is stimulating me to be creative, what I love. Do not believe OneCoin is a scam, to many people involved will make it stay, second quarter 2018 you will see it on the open market but of course with other rules than decentralized crypto's. I'm in both now, happy I learned about it, thanks to OneCoin I have to say,... Here on Steemit I will stick to Steem and not promote or bash OneCoin!