BANGLADESH arrests case debunked

Here we will post all original accusations and arguments people who hate onecoin wrote all over blogs and comments. We will deeply analyze, dissect and answer everything with objective arguments. People will be left to decide which arguments are more logical and true to them
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Igorkrnic
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BANGLADESH arrests case debunked

Post by Igorkrnic » Sat Jul 08, 2017 12:01 pm

I was motivated to make this topic in the middle of debate by one user who tries to imply that Onecoin iz a ponzi yet he does not give any valid official statements other than his opinions that he labels as facts and when he runs out of responds to my answers he just moves to even dummer arguments that are even further from the official truth.

In lack of official proofs that some government ruled Onecoin as ponzi he wrote this:
EagleOne wrote:
Sat Jul 08, 2017 2:50 am
You keep claiming that OneCoin is not a Ponzi and no regulatory or law enforcement agency has stated that OneCoin is a Ponzi. Well, here's what the Bangladesh authorities had to say about OneCoin when they arrested two promoters of OneCoin and I quote:

"Following an investigation by the Dhaka Metropolitan Police (DMP) Counter Terrorism Unit, two OneCoin investors have been arrested in Bangladesh. Officers of the DMP’s Counter Terrorism Unit, Cyber Security and Cyber Crime Intelligence agencies had been monitoring what they refer to as an “MLM fraud gang” for some time. On Wednesday June 15th at approximately 10pm, DMP officers arrested Nazrul Islam Mamun and Zahirul Islam Zahir. The suspects stand accused of promoting the OneCoin, Ilgamos and ImpaxGold PONZI schemes."

I capitalized the word Ponzi so you wouldn't miss it.
So he quoted some text stating that is Bangladesh official verdict that Onecoin is ponzi.

What he quoted there is mixed and made up part od behindMLM news, not an official Bangladesh government statement.

In fact, the last sentence where he capitalized word PONZI was written by Oz, the owner, and author of behindMLM, original source is here. That is not Bangladesh official verdict. That is Oz's opinion.
Image

Now let's take a look on what the actual Bangladesh article says, original link here and I took it from behindMLM news post.
In the initial interrogation, the arrested persons said, along with Amin, Mohsin and Salam, the foreign website http://impaxgold.com, https://www.facebook.com/ilgamosbd, http://ilgamos.com Mahtab Farahi and Sajid Afrin Arman Https://www.facebook.com/ilgamosbd, http://ilgamos.com and Yusuf Didar have grabbed huge amounts of money by tricking the general public to get a lot of money by cheating people at https: //www.onecoin.com.
So, the first thing that comes to my attention is that behindMLM relayed this news as titled:
"OneCoin investors arrested in Bangladesh". This is what I am talking about. Most of anti onecoin "news" are twisted and misleading.

First of all, there are no investors in Onecoin/Onelife. People buy an education that you are so free not to like and deny, but it is a legal product. If someone is promoting Onecoin as investment please report him to legal@onelife.eu cause he is doing it unlawfully.
This original article is not about Onecoin at all as behingMLM implies. The original article is about arresting those people who used multiple ways to con people online.
They first mention "http://impaxgold.com" it is offline, then "http://ilgamos.com", it seems to be some digital currency, I will not go into it cause I don't know it, but since Oz wrote about it already they are probably some honest project slandered by dogs of the internet too.

And at the end they mention onecoin.com. So haters manipulated this news into "all about Onecoin" where onecoin was only mentioned as one of the ways those guys used to lie to people and take their money.

But seems like only one guy Yusuf Didar used onecoin.com to fraud people. He probably made huge promises and took money from people.
It is unclear if buyers got their education and onecoins. If they did, they can find out they are on a good path. But if they were lured to pay something that they don't understand, and they think they will get rich in 2018 then they were conned.
Although he needs to be arrested for this, I blame those stupid people that believe in lies and guaranteed profits. Onecoin as a company makes no guarantees, promises and they forbid it. So this case happens to be isolated case of people working against company's rules.
He was probably not even Onelife IMA, just some independent fraudster.

So looks like the same case as former arrests in China that some people were arrested for fraud investments collecting but happen to work with onecoin too and thus onecoin was mentioned and behindMLM made news all about onecoin ;)
In the interrogation, they said, Many of their gangs are 'illegal destony' former MLM member Their inspiration started with the launch of this digital MLM and Bitcoin. They make IDs for a specific dollar in exchange by making them members of the general members. Later they were asked to collect their members. By making them a subordinate right and left member, money is taken from them at a fixed rate. Thus, in the form of top down chain digital MLM system, it is spread through cryptocurrency (Bitcoin)
Here we can clearly see they were taking people's money via various scam or pyramid models using Bitcoin too. This is not only happening in Bangladesh. Also Bolivia arrested Bitcoiner scammers.

There is Bangladesh "conviction". Some fraudsters that worked many fraud systems and happened to use onecoin in a bad forbidden way probably, and Oz makes a sentence that they were arrested for using ponzi and all of the sudden that is a "FACT". Oh boy.

CryptoXpose
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Re: Bangladesh arrests case debunked

Post by CryptoXpose » Sat Jul 08, 2017 12:58 pm

First of all, there are no investors in Onecoin/Onelife. People buy an education that you are so free not to like and deny, but it is a legal product. If someone is promoting Onecoin as investment please report him to legal@onelife.eu cause he is doing it unlawfully.
Lol.. Then all leaders should be reported. But that's just it, the company claims to "only sell education", but all its representatives, including Ruja herself act differently. This is so fricking old, and nobody believes this "we only sell education" BS, because nobody would buy that education with that price. Many people can't even read the education due to language barrier.

The difference with Bitcoin scams is, that Bitcoin has real value, so the scamming aspects are different.
OneCoin itself has no real value, but it's decided by career scammers and criminals, then implied you will get coins with huge discount by "mining" coins, when you buy packages compared to this announced price. There's absolutely no need for this kind of mining anyway, as the company could create as a centralized entity all coins immediately if it wanted, just as it did with the 1986580000 coins it "mined" in Bangkok in 1 minute. Then implying you could get up to 300-times immediate "value increase" due to "mining", is absolutely ridiculous.

Igorkrnic
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Re: Bangladesh arrests case debunked

Post by Igorkrnic » Sat Jul 08, 2017 4:37 pm

CryptoXpose wrote:
Sat Jul 08, 2017 12:58 pm
Lol.. Then all leaders should be reported. But that's just it, the company claims to "only sell education", but all its representatives, including Ruja herself act differently. This is so fricking old, and nobody believes this "we only sell education" BS, because nobody would buy that education with that price. Many people can't even read the education due to language barrier.
Sorry but this is not true and the only thing that's old is haters "educations is fake" argument. When in fact, the rest of people who follow what Onelife is doing actually hear and see pretty different story. Everybody is putting focus on education. But also since we do all this because of Onecoin it is natural that it will be also a pretty big part of talk. Cause at the end, most people buy education because they want to get to Onecoins. The same people who buy education just to get to Onecoins would pay whatever way the fundraiser would go if it wasn't education.
CryptoXpose wrote:
Sat Jul 08, 2017 12:58 pm
The difference with Bitcoin scams is, that Bitcoin has real value, so the scamming aspects are different.
OneCoin itself has no real value, but it's decided by career scammers and criminals, then implied you will get coins with huge discount by "mining" coins, when you buy packages compared to this announced price. There's absolutely no need for this kind of mining anyway, as the company could create as a centralized entity all coins immediately if it wanted, just as it did with the 1986580000 coins it "mined" in Bangkok in 1 minute. Then implying you could get up to 300-times immediate "value increase" due to "mining", is absolutely ridiculous
This topic was not about values. It was about arrests. When someone is arrested because it promised profit out of Onecoins, news all over the blogs. If people are arrested for promising profit out of Bitcoin, little or no news. In fact, those events are being described to defend Bitcoin.

People believe in Bitcoin value and they pay for it. People believe in Euro value and they pay for it. The same is for Onecoin, people and merchants accept its current internal value so it has some credibility. Value is internal and is driven by demand.
Your assumption is that it is created by Ruja. Well someone can assume that coinmarketcap.com and exchanges also create themselves the value of Bitcoin and other. Just see this topic with just a part of speculation.
Need I to remember that Nikola Korbar is currently on vacation in Montenegro and he paid half board 100% with Onecoins. This hotel is just one of them. And this is just a beginning. Pe

I will wait for alleged July webinar to collect some more info and make topic about Onecoin internal value but that one is not a topic here.

CryptoXpose
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Re: Bangladesh arrests case debunked

Post by CryptoXpose » Sat Jul 08, 2017 11:07 pm

People believe in Bitcoin value and they pay for it. People believe in Euro value and they pay for it. The same is for Onecoin, people and merchants accept its current internal value so it has some credibility. Value is internal and is driven by demand.
FFS, it's not the same. What are you talking about? OneCoin is not exchangable currency. It's internal play money for members only. Some members are actually stupid enough to value it close to Ruja's announced value on DealShaker. Majority don't. And Ruja's announced value is certainly not driven by demand.

Igorkrnic
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Re: Bangladesh arrests case debunked

Post by Igorkrnic » Sun Jul 09, 2017 2:07 am

CryptoXpose wrote:
Sat Jul 08, 2017 11:07 pm
People believe in Bitcoin value and they pay for it. People believe in Euro value and they pay for it. The same is for Onecoin, people and merchants accept its current internal value so it has some credibility. Value is internal and is driven by demand.
FFS, it's not the same. What are you talking about? OneCoin is not exchangable currency. It's internal play money for members only. Some members are actually stupid enough to value it close to Ruja's announced value on DealShaker. Majority don't. And Ruja's announced value is certainly not driven by demand.
You are correct but you did not understand what I wrote there.
You might notice that I also state that current value of Onecoin is driven by token demand solely and it is internal, so you can not compare Onecon and Bitcoin on value side yet. And also Onecoin value might go down and up when hit public trading. That depends on a number of users and merchants in 2nd quarter of 2018.

What I wanted to say is that Bitcoin and Euro have a value that is fixed by few people. Euro is fixed by central banks, Bitcoin is fixed by speculators, exchanges, and miners. Of course not 100% if it but a large part. And if people accept that value and are willing to pay it, then hell, the value is credible.

Onecoin value is actually tied to difficulty now. Maybe that is the main point why people do not believe in it. Difficulty goes up by token demand.
When Onecoin starts public trading, value will no longer be tied to difficulty, market will determine it. But at least we know there is a company with most of the coins owned to protect value from big volatility

CryptoXpose
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Re: Bangladesh arrests case debunked

Post by CryptoXpose » Sun Jul 09, 2017 6:18 pm

The difficulty and token demand is total BS artificial substance. There's no need for any tokens to create Onecoins. Instead of 1.98 bilion created on October 1st 2016, they could have just as easily create all 120 billion coins at once. This whole OneCoin token and 'token demand' is totally artificial thing created for the scamming purposes only. Token in real cryptocurrency means the actual coin (or part of it).

'Spin the wonder wheel and you will get either +50% more tokens or one more split!!!. But that' s not all! If you buy now the Galactic Universum Dominator -package, you will get 100 million tokens and 8 splits!! Buy now!! '

CryptoXpose
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Re: Bangladesh arrests case debunked

Post by CryptoXpose » Sun Jul 09, 2017 7:03 pm

One important question regarding OneCoin is: What is the point of mining in OneCoin? Espacially knowing that OneCoins can be created without much effort, like the 19865800000 coins created in Bangkok.

In Bitcoin for example coins are not mined. Coins are given as a prize for a miner for finding the correct block hash solution.
But what is the *point* of OneCoin mining, when we know the "difficulty" etc in OneCoin is totally artifical thing.

Igorkrnic
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Re: Bangladesh arrests case debunked

Post by Igorkrnic » Sun Jul 09, 2017 11:22 pm

CryptoXpose wrote:
Sun Jul 09, 2017 6:18 pm
The difficulty and token demand is total BS artificial substance. There's no need for any tokens to create Onecoins. Instead of 1.98 bilion created on October 1st 2016, they could have just as easily create all 120 billion coins at once. This whole OneCoin token and 'token demand' is totally artificial thing created for the scamming purposes only. Token in real cryptocurrency means the actual coin (or part of it).

'Spin the wonder wheel and you will get either +50% more tokens or one more split!!!. But that' s not all! If you buy now the Galactic Universum Dominator -package, you will get 100 million tokens and 8 splits!! Buy now!! '
Look, this is you guys making critics about the concept that some company has made. Let's leave to authorities to decide if that is for "scam" purposes. So far no one but decentralized enthusiasts is putting One tokens in question and are making conspiracy theories.
That is just an opinion and I don't like that I have to waste time answering to opinions whether tokens are needed or not.
Since tokens are promotional, they can do whatever promotions they like, but you will get fixed amount of Onecoins based on difficulty.

Igorkrnic
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Re: Bangladesh arrests case debunked

Post by Igorkrnic » Sun Jul 09, 2017 11:30 pm

CryptoXpose wrote:
Sun Jul 09, 2017 7:03 pm
One important question regarding OneCoin is: What is the point of mining in OneCoin? Espacially knowing that OneCoins can be created without much effort, like the 19865800000 coins created in Bangkok.

In Bitcoin for example coins are not mined. Coins are given as a prize for a miner for finding the correct block hash solution.
But what is the *point* of OneCoin mining, when we know the "difficulty" etc in OneCoin is totally artifical thing.
1.9B coins were premined in predetermined Genesis Block #0. That is how it's done in other blockchains too. From block#1 and on fixed number of Onecoins were mined per block. Onecoin uses a different method for mining than Bitcoin and we can not compare them. I can not describe it cause I have no access to blockchain source. I believe in the company, you don't.

We do not know that token and difficulty is an artificial thing, you guys assume that. Your problem.

Sure bitcoin mines, the point of mining is finding a solution for a "problem" and each block gives X amount of bitcoins and those are spread to miners and nodes based on the power they deliver to the blockchain. Bitcoin is decentralized, you give them hash power, they reward you Bitcoins, Onecoin is centralized they own all the hash power they need, you buy education, they give you Onetokens, they grant you Onecoins.
They certainly do not use the same blockchain so mining is done differently. For example, Ripple is centralized and they premined all the tokens. They decide how much to put for open trading.

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