Actually Bitcoin Foundation is funding all that, not sure how much Bjorn and Tim contributed there. But I have no proof for that. They are too smart to hide their ass cause they could get summoned to prove claims on the court.
Um, Onecoin uses cryptography and a blockchain, making it a CRYPTOcurrency. Bitcoin is not the definition of cryptocurrency so it does not need to be decentralized. Ripple is a centralized company it did not have any decentralization during ICO, later, when it went public some decentralized nodes are appearing, to 55 total if I recall. Let's wait for Onecoin to go public and see if they will also have decentralized nodes.Wikipedia wrote:A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger.
Actually, Bitcoin people are knowledgeable about Bitcoin, they do not understand Onecoin ICO cause:CryptoXpose wrote: ↑Mon Aug 07, 2017 12:31 amI don't know for how many cases that is true, but in general "bitcoin people" are knowledgeable about real cryptocurrency and also the numerous scams with ICOs etc. For people knowledgeable about cryptocurrencies, OneCoin doesn't seem like real cryptocurrency. It is a members club virtual currency with no real exchangeability and crazy tens of thousands of percent "profits" from mining.
1) It uses MLM to distribute and tokens are not exchanged for ETH or BTC(paid by cash) but rather Education (paid by cash)
2) Blockchain is not fully transparent, yet no ICO has fully operational blockchain during ICO
3) It is not publicly traded, yet some coins wait months after ICO to become tradable
4) Is not listed on coinmarketcap.com, but it is normal cause you need to be listed on some exchange to be listed there too, so we wait OC to go public
5) It is not anonymous cause it stores KYC and is centralized and that does not suite anarchists