1 year ago
Let’s perceive to “The Missing Cryptoqueen” podcast unneurotic from the precise beginning, arsenic the caller episodes arrive. This 2nd 1 presents caller facets of Dr. Ruja’s communicative and amplifies the scope of the podcast. Good news, “The Missing Cryptoqueen” mightiness beryllium adjacent much absorbing than we antecedently believed. As BBC presenter Jamie Bartlett puts it, “we thought we were looking for a missing billionaire, but present we look to beryllium entering a satellite that’s acold murkier than we thought.”
NewsBTC’s “The Missing Cryptoqueen’s” listening radical is present successful session. In the archetypal fewer minutes of this episode, Dr. Ruja Ignatova says: “In 2 years, cipher volition speech astir bitcoin anymore.” A enactment retired of the publication of each crypto scammer retired there.
Remember, you tin download episodes directly from the BBC, oregon perceive to “The Missing Cryptoqueen” done Apple, Spotify, oregon iVoox.
https://www.youtube.com/watch?v=DqmE3tTJmd4
About “The Missing Cryptoqueen ’s” Episode Two, “Bitcoin Killer”
This podcast moves fast. It’s lone “The Missing Cryptoqueen ’s” 2nd occurrence and the full OneCoin fiasco is already breaking apart. The shaper and the presenter determination betwixt telling the communicative of what happened and the existent hunt for Dr. Ruja. The squad went to Bulgaria and asks astir astir the arguable character. Every clip they notation her, Bulgarians commencement to talk loudly among themselves.
They are going to places that she frequented, sure, but everyone seems to cognize astir Ruja Ignatova.
In immoderate case, “The Missing Cryptoqueen’s” assemblage is not precisely a cryptocurrency-savvy one. The occurrence starts with a unspeakable explanation of what wealth is, and a shaky mentation of however blockchain exertion works. It’s necessary, due to the fact that we volition soon find retired that OneCoin didn’t adjacent tally connected a blockchain. This was a scam done and done from the precise beginning.
The podcast/ vigor documentary besides serves arsenic a surviving and breathing mentation of however a Ponzi strategy works. And the story’s protagonists archer you precisely what happened successful their ain words. One of the victims, Jane, a developer turned OneCoin whistleblower, and Timothy Curry predominate “The Missing Cryptoqueen’s” 2nd episode. In the episode’s 4th quarter, the squad goes to the marina wherever the vessel Dr. Ruja’s disappeared from was located. The Bulgarians determination notation the mafia. And the developer turned whistleblower besides alludes to it.
An Almost-Always-Present Characteristic Of A Scam Or Ponzi
Besides the deficiency of a blockchain, “The Missing Cryptoqueen” points retired an almost-always-present diagnostic of a scam oregon Ponzi:
- People couldn’t retreat oregon walk the tokens they bought.
In this case, OneCoin lone lived successful a SQL Database successful Bulgaria. The naive investors saw the terms pumping and believed they were making a killing, but their tokens were conscionable numbers connected a screen. They couldn’t speech them for different cryptocurrencies due to the fact that OneCoin was not a cryptocurrency. It didn’t tally connected a blockchain.
At the time, the squad reached retired to OneCoin with these allegations and they denied everything and blamed the authorities and regulations for their token’s deficiency of usability. Classic
Quotes From “The Missing Cryptoqueen ’s” Episode Two – “Bitcoin Killer”
- “The €10,000 that Jen invested which she thought was present worthy implicit €100,000 successful 1 coin was conscionable a fig that idiosyncratic successful an bureau successful Bulgaria had made up and could delete conscionable arsenic easily. OneCoin is not a existent cryptocurrency, it’s conscionable pretending to beryllium one. It’s fake, it’s a scam, and it could beryllium the scam of the century.”
- “OneCoin was lone imaginable due to the fact that of Dr. Ruja. Whenever we spot analyzable exertion that we don’t understand, we marque a judgement astir it based connected things we bash understand. Like the information that the brag was an inspirational, palmy businesswoman. Dr. Ruja’s magic instrumentality was to usage the hype and terminology of morganatic cryptocurrencies. So mean radical similar Jen couldn’t archer the quality betwixt the existent and the fake.”
Extra Material And Episode Credits
This week’s other worldly comes courtesy of Investopedia, which summarizes “The Missing Cryptoqueen ’s” crippled as:
“OneCoin was a cryptocurrency-based Ponzi scheme. The companies down the strategy were OneCoin Ltd. and OneLife Network Ltd., founded by Bulgarian nationalist Ruja Ignatova, who disappeared successful 2017. However, not earlier the strategy raised $4 billion.”
And finally, the episode’s credits:
Presenter: Jamie Bartlett
Producer: Georgia Catt
Story consultant: Chris Berube
Editor: Philip Sellars
Original euphony and dependable design: Phil Channell
Original euphony and vocals: Dessislava Stefanova and the London Bulgarian Choir
English (US) 