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Philosophically, Onecoin plagiarized so much from early bitcoin (ie., "bank the unbanked," "take money away from the banking structures & Govt.'s," etc). Victi
by TimTayshun 7y ago
Philosophically, Onecoin plagiarized so much from early bitcoin (ie., "bank the unbanked," "take money away from the banking structures & Govt.'s," etc).
Victims had mostly no tech background, whatsoever, and had been told that "decentralized" meant crime and anonymity, which they perceived as a bad thing which Onecoin's "centralized model" prevented.
They didn't know the usefulness or cruciality of even a block explorer.
So, for some, there were "fundamental reasons" for a cryptocurrency (sic) like Onecoin, in addition to the speculative nature of (real) cryptos, in general.