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They didn't have the technical expertise. Ignatova is a lawyer and the other guy had a business/finance degree I think. This was before the days when anyone cou
by trompetenaccoun 3y ago
They didn't have the technical expertise. Ignatova is a lawyer and the other guy had a business/finance degree I think. This was before the days when anyone could just set up a simple ERC-20 token contract with the help of tools, Ethereum didn't even exist back then.
They tried to recruit a blockchain expert to built them a chain after they'd already started the ponzi but apparently didn't find anyone who was willing to work with them (for maybe obvious reasons).
- pavlov 3y agoI guess they were being too cheap with the offers made to the prospective developers. European business people tend to assume that you can hire any kind of software developer for 3000 euros / month. The history of web3 shows that, if the money is right, competent people will put all their qualms aside and do the work to enable the blockchain rip-offs. OneCoin should have offered 10 million to the developer because they could have afforded it. Then they wouldn’t be hunted by FBI, and $ONE would be just another forgotten altcoin that gets occasionally pumped up on Telegram channels.