There has been a lot of talk about various Ponzi schemes active in the world of Bitcoin and digital currency, and how some of these projects seem to target novice users individually. Recruiting new members by hosting a fancy seminar or meeting is a great way to keep up the illusion of legitimacy, and seems to be what OneCoin has been doing for quite some time now. But as most people are well aware of, this program is nothing more than a scam waiting to collapse at any moment. OneCoin Seminars Keep Luring In People
For some of the more prominent scams and Ponzi schemes in the Bitcoin game, establishing an online presence alone is no longer sufficient. As the customer base grows, more money has to keep flowing in to keep early investors happy, otherwise the pyramid will collapse at any moment. What better way to find new members then by using part of company profits to hold seminars and meetings, in the hopes of luring in new people?
Attending these events may give companies like OneCoin some sense of credibility, as they can hold these seminars at prominent locations while having people walk around in suits and ties. Novice digital currency users seem to trust such as approach immediately, as people in suits and ties would never lie to anyone, right?
Investing in digital currency and Bitcoin has a particular appeal to a variety of people. Companies like OneCoin can promise impossible returns on investment in a short timespan for anyone willing to take the plunge, but it is very doubtful anyone will ever see their original investment back, let alone make a profit. That is, unless these people start referring their friends and family to become a part of the MLM structure.
What is of particular worry is […]
