Ecoer Logo
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
4.570USD
HIVE
0.000HIVE
HBD
0.971HBD
Own HP
8.997HP

Detailed Balance

HIVE
balance
0.000HIVE
market_balance
0.000HIVE
savings_balance
0.000HIVE
reward_hive_balance
0.000HIVE
HIVE POWER
Own HP
8.997HP
Delegated Out
0.000HP
Delegation In
0.000HP
Effective Power
8.997HP
Reward HP (pending)
0.000HP
HBD
hbd_balance
0.971HBD
hbd_conversions
0.000HBD
hbd_market_balance
0.000HBD
savings_hbd_balance
0.000HBD
reward_hbd_balance
0.000HBD
{
  "balance": "0.000 HIVE",
  "savings_balance": "0.000 HIVE",
  "reward_hive_balance": "0.000 HIVE",
  "vesting_shares": "14604.846278 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "0.000000 VESTS",
  "hbd_balance": "0.971 HBD",
  "savings_hbd_balance": "0.000 HBD",
  "reward_hbd_balance": "0.000 HBD"
}

Account Info

namesuperliina
id44769
rank0
reputation0
created2016-08-03T08:23:57
recovery_accountsteem
proxyNone
invited_bynull
post_count2
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2016-08-03T11:16:51
last_root_post2016-08-03T11:05:48
last_vote_time2016-08-10T13:18:54
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power9,910
delayed_votesNone
governance_vote_expiration_ts1969-12-31T23:59:59
balance0.000 HIVE
savings_balance0.000 HIVE
hbd_balance0.971 HBD
savings_hbd_balance0.000 HBD
vesting_shares14604.846278 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares0.000000 VESTS
reward_vesting_balance0.000000 VESTS
vesting_balance0.000 HIVE
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update1970-01-01T00:00:00
last_account_update1970-01-01T00:00:00
minedNo
hbd_seconds0
hbd_last_interest_payment2016-09-03T00:16:24
savings_hbd_last_interest_payment1970-01-01T00:00:00
{
  "id": 44769,
  "name": "superliina",
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM6cB5U9eJaHssdZCWa95hBZdJKN8K5Pe52W5kDG48rMcgtCXyZ3",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM542dVuDCm8FB26fBm4udQBudzs54jdLTJfH8QX9XPBdQxi8iKH",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM6FEz8NZzeNxnQAGScCq8Gn2k58E3ph9eLtUNp6jfTx9YPRoFE7",
        1
      ]
    ]
  },
  "memo_key": "STM5LNZfoPT9DDkSiUmVVMnyye8suNC4Nev8My96HaPeApFFA31Pi",
  "json_metadata": "",
  "posting_json_metadata": "",
  "proxy": "",
  "previous_owner_update": "1970-01-01T00:00:00",
  "last_owner_update": "1970-01-01T00:00:00",
  "last_account_update": "1970-01-01T00:00:00",
  "created": "2016-08-03T08:23:57",
  "mined": false,
  "recovery_account": "steem",
  "last_account_recovery": "1970-01-01T00:00:00",
  "reset_account": "null",
  "comment_count": 0,
  "lifetime_vote_count": 0,
  "post_count": 2,
  "can_vote": true,
  "voting_manabar": {
    "current_mana": 9910,
    "last_update_time": 1470835134
  },
  "downvote_manabar": {
    "current_mana": 0,
    "last_update_time": 1470212634
  },
  "voting_power": 9910,
  "balance": "0.000 HIVE",
  "savings_balance": "0.000 HIVE",
  "hbd_balance": "0.971 HBD",
  "hbd_seconds": "0",
  "hbd_seconds_last_update": "2016-09-03T00:16:24",
  "hbd_last_interest_payment": "2016-09-03T00:16:24",
  "savings_hbd_balance": "0.000 HBD",
  "savings_hbd_seconds": "0",
  "savings_hbd_seconds_last_update": "1970-01-01T00:00:00",
  "savings_hbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_withdraw_requests": 0,
  "reward_hbd_balance": "0.000 HBD",
  "reward_hive_balance": "0.000 HIVE",
  "reward_vesting_balance": "0.000000 VESTS",
  "reward_vesting_hive": "0.000 HIVE",
  "vesting_shares": "14604.846278 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "0.000000 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "post_voting_power": "14604.846278 VESTS",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "withdrawn": 0,
  "to_withdraw": 0,
  "withdraw_routes": 0,
  "pending_transfers": 0,
  "curation_rewards": 0,
  "posting_rewards": 1754,
  "proxied_vsf_votes": [
    0,
    0,
    0,
    0
  ],
  "witnesses_voted_for": 0,
  "last_post": "2016-08-03T11:16:51",
  "last_root_post": "2016-08-03T11:05:48",
  "last_vote_time": "2016-08-10T13:18:54",
  "post_bandwidth": 10000,
  "pending_claimed_accounts": 0,
  "governance_vote_expiration_ts": "1969-12-31T23:59:59",
  "delayed_votes": [],
  "open_recurrent_transfers": 0,
  "vesting_balance": "0.000 HIVE",
  "reputation": 0,
  "transfer_history": [],
  "market_history": [],
  "post_history": [],
  "vote_history": [],
  "other_history": [],
  "witness_votes": [],
  "tags_usage": [],
  "guest_bloggers": [],
  "rank": 0
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
2019/08/03 09:28:39
bodyCongratulations @superliina! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@superliina/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@superliina) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=superliina)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
title
authorsteemitboard
permlinksteemitboard-notify-superliina-20190803t092835000z
json metadata{"image":["https://steemitboard.com/img/notify.png"]}
parent authorsuperliina
parent permlinkonecoin-a-financial-miracle-or-a-ponzi
Transaction InfoBlock #35226038/Trx 5564ee470979f234c560ea3e4183fc955247fee0
View Raw JSON Data
{
  "op": [
    "comment",
    {
      "body": "Congratulations @superliina! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@superliina/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@superliina) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=superliina)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "title": "",
      "author": "steemitboard",
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2018/08/03 09:19:51
bodyCongratulations @superliina! You have received a personal award! [![](https://steemitimages.com/70x70/http://steemitboard.com/@superliina/birthday2.png)](http://steemitboard.com/@superliina) 2 Years on Steemit <sub>_Click on the badge to view your Board of Honor._</sub> > Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
title
authorsteemitboard
permlinksteemitboard-notify-superliina-20180803t091950000z
json metadata{"image":["https://steemitboard.com/img/notify.png"]}
parent authorsuperliina
parent permlinkonecoin-a-financial-miracle-or-a-ponzi
Transaction InfoBlock #24739832/Trx 8bd5f52c43d94daef4e8199b4c4257d835328806
View Raw JSON Data
{
  "op": [
    "comment",
    {
      "body": "Congratulations @superliina! You have received a personal award!\n\n[![](https://steemitimages.com/70x70/http://steemitboard.com/@superliina/birthday2.png)](http://steemitboard.com/@superliina)  2 Years on Steemit\n<sub>_Click on the badge to view your Board of Honor._</sub>\n\n\n> Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
      "title": "",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-superliina-20180803t091950000z",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}",
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  "op_in_trx": 0,
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  "virtual_op": false,
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}
2018/07/25 02:12:09
voterlamzpq
authorsuperliina
weight10000 (100.00%)
permlinkonecoin-a-financial-miracle-or-a-ponzi
Transaction InfoBlock #24472669/Trx d220a41455dfd67e9c9e2a0b202b9292511be5b7
View Raw JSON Data
{
  "op": [
    "vote",
    {
      "voter": "lamzpq",
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  "op_in_trx": 0,
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}
2018/06/15 11:56:51
voteraqreal
authorsuperliina
weight10000 (100.00%)
permlinkonecoin-a-financial-miracle-or-a-ponzi
Transaction InfoBlock #23342697/Trx 4a39f12f6c84dd4a296a84bbf1d4341591d9078b
View Raw JSON Data
{
  "op": [
    "vote",
    {
      "voter": "aqreal",
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}
2018/02/13 13:13:54
voterdanimay
authorsuperliina
weight10000 (100.00%)
permlinkonecoin-a-financial-miracle-or-a-ponzi
Transaction InfoBlock #19834458/Trx 4f72775d35a620792f24001930ec5c9209f18a35
View Raw JSON Data
{
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2018/01/14 10:35:48
voterginafraser
authorsuperliina
weight10000 (100.00%)
permlinkonecoin-a-financial-miracle-or-a-ponzi
Transaction InfoBlock #18968182/Trx f98a37135f8d510e51bfd0dffa9a27d707f75095
View Raw JSON Data
{
  "op": [
    "vote",
    {
      "voter": "ginafraser",
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  ],
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  "op_in_trx": 0,
  "timestamp": "2018-01-14T10:35:48",
  "virtual_op": false,
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}
2017/11/19 17:41:42
voterrajkinkhabwala
authorsuperliina
weight10000 (100.00%)
permlinkonecoin-a-financial-miracle-or-a-ponzi
Transaction InfoBlock #17364935/Trx 62ada3253adc6055c9da81b9297d2a2eca9e787f
View Raw JSON Data
{
  "op": [
    "vote",
    {
      "voter": "rajkinkhabwala",
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  ],
  "block": 17364935,
  "trx_id": "62ada3253adc6055c9da81b9297d2a2eca9e787f",
  "op_in_trx": 0,
  "timestamp": "2017-11-19T17:41:42",
  "virtual_op": false,
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2017/11/18 18:23:45
voterelabaidi
authorsuperliina
weight10000 (100.00%)
permlinkonecoin-a-financial-miracle-or-a-ponzi
Transaction InfoBlock #17336993/Trx 1329ea187ad42a94d99e23b910e8a74d1d4bd56b
View Raw JSON Data
{
  "op": [
    "vote",
    {
      "voter": "elabaidi",
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  ],
  "block": 17336993,
  "trx_id": "1329ea187ad42a94d99e23b910e8a74d1d4bd56b",
  "op_in_trx": 0,
  "timestamp": "2017-11-18T18:23:45",
  "virtual_op": false,
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2017/09/14 04:45:15
votermoeki
authorsuperliina
weight10000 (100.00%)
permlinkonecoin-a-financial-miracle-or-a-ponzi
Transaction InfoBlock #15449922/Trx ecaab3c1fc2f13fcbcb732606a7957c7d116b09d
View Raw JSON Data
{
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2017/08/03 09:53:57
bodyCongratulations @superliina! You have received a personal award! [![](https://steemitimages.com/70x70/http://steemitboard.com/@superliina/birthday1.png)](http://steemitboard.com/@superliina) Happy Birthday - 1 Year on Steemit Happy Birthday - 1 Year on Steemit Click on the badge to view your own Board of Honor on SteemitBoard. For more information about this award, click [here](https://steemit.com/steemitboard/@steemitboard/steemitboard-update-8-happy-birthday) > By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!
title
authorsteemitboard
permlinksteemitboard-notify-superliina-20170803t095356000z
json metadata{"image":["https://steemitboard.com/img/notifications.png"]}
parent authorsuperliina
parent permlinkonecoin-a-financial-miracle-or-a-ponzi
Transaction InfoBlock #14248171/Trx a3ffd975199e07fdfbe11126197390bff0035748
View Raw JSON Data
{
  "op": [
    "comment",
    {
      "body": "Congratulations @superliina! You have received a personal award!\n\n[![](https://steemitimages.com/70x70/http://steemitboard.com/@superliina/birthday1.png)](http://steemitboard.com/@superliina)  Happy Birthday - 1 Year on Steemit Happy Birthday - 1 Year on Steemit\nClick on the badge to view your own Board of Honor on SteemitBoard.\n\nFor more information about this award, click [here](https://steemit.com/steemitboard/@steemitboard/steemitboard-update-8-happy-birthday)\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
      "title": "",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-superliina-20170803t095356000z",
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  "timestamp": "2017-08-03T09:53:57",
  "virtual_op": false,
  "trx_in_block": 12
}
2017/08/02 04:31:45
votervelocity007
authorsuperliina
weight10000 (100.00%)
permlinkonecoin-a-financial-miracle-or-a-ponzi
Transaction InfoBlock #14212947/Trx c1a4a4ff636319ea253f0fb0b74c368a79d8aa03
View Raw JSON Data
{
  "op": [
    "vote",
    {
      "voter": "velocity007",
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  "block": 14212947,
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  "timestamp": "2017-08-02T04:31:45",
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2017/06/25 12:16:24
voteraffltr
authorsuperliina
weight10000 (100.00%)
permlinkonecoin-a-financial-miracle-or-a-ponzi
Transaction InfoBlock #13129419/Trx 6fce026d12e1243ffe4e434380857e154cfacd8b
View Raw JSON Data
{
  "op": [
    "vote",
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      "voter": "affltr",
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2017/06/25 12:16:15
bodyFriend of mine has invested big money into it. He says it was a good investment. I havent't invested yet.
title
authoraffltr
permlinkre-superliina-onecoin-a-financial-miracle-or-a-ponzi-20170625t121611262z
json metadata{"tags":["onecoin"],"app":"steemit/0.1"}
parent authorsuperliina
parent permlinkonecoin-a-financial-miracle-or-a-ponzi
Transaction InfoBlock #13129416/Trx eb66b648051ca98e9ad92936cb7dc1f3dc7c7709
View Raw JSON Data
{
  "op": [
    "comment",
    {
      "body": "Friend of mine has invested big money into it. He says it was a good investment. I havent't invested yet.",
      "title": "",
      "author": "affltr",
      "permlink": "re-superliina-onecoin-a-financial-miracle-or-a-ponzi-20170625t121611262z",
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2017/06/13 02:53:00
bodyWho told you that one coin is a scam?
title
authorsiju
permlinkre-superliina-re-cheetah-re-onecoin-a-financial-miracle-or-a-ponzi-20160803t110638-20170613t025255531z
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parent authorsuperliina
parent permlinkre-cheetah-re-onecoin-a-financial-miracle-or-a-ponzi-20160803t110638-20160803t111647085z
Transaction InfoBlock #12773020/Trx 3db1dd2acdf2e4da900b6731bea194d8b54cbcf2
View Raw JSON Data
{
  "op": [
    "comment",
    {
      "body": "Who told you that one coin is a scam?",
      "title": "",
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2017/06/11 09:03:18
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2017/03/26 12:40:45
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2017/03/26 12:40:30
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2016/10/04 06:34:27
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2016/09/03 00:16:24
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2016/09/03 00:16:24
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2016/09/03 00:16:24
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2016/09/03 00:16:24
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2016/09/03 00:16:24
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2016/08/28 08:42:24
bodyI upvoted You
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2016/08/28 08:40:36
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2016/08/28 08:40:36
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2016/08/20 19:57:18
bodyRead this if you want to know the truth about Onecoin with documented proof of lies and deceit. https://steemit.com/onecoin/@wpalczynski/truth-about-the-onecoin-scam-exposed-with-supporting-documents-please-read-and-share-this-information-too-many-people-have-been
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2016/08/10 13:18:57
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2016/08/10 13:18:57
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2016/08/10 13:11:00
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2016/08/10 13:11:00
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2016/08/07 20:31:33
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2016/08/07 20:31:33
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2016/08/06 13:45:48
bodyDefinitely a scam. For some reason Onecoin is quite popular here in Finland. They have managed to attract quite a lot "investors" who have put huge sums in it.
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2016/08/06 13:35:18
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2016/08/06 13:35:18
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2016/08/04 20:11:33
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2016/08/04 20:11:33
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2016/08/04 00:42:15
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2016/08/04 00:42:15
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2016/08/04 00:16:24
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2016/08/04 00:16:24
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2016/08/03 17:28:51
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2016/08/03 17:28:51
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2016/08/03 12:19:00
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2016/08/03 12:19:00
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2016/08/03 12:18:15
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2016/08/03 12:18:15
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2016/08/03 11:55:30
voterkirreall
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2016/08/03 11:55:30
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2016/08/03 11:55:27
votersuperliina
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2016/08/03 11:55:27
votersuperliina
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2016/08/03 11:25:42
bodyNice post Liina i think you must start this journey with a introduceyourself post that will give strenght to your voice and identity.
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authorsitaru
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2016/08/03 11:23:18
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2016/08/03 11:23:18
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2016/08/03 11:16:54
bodyHello robot! This is my original article. But as Onecoin is still sailing strong I felt it needed an update. So the original article was written almost 2 years ago but people are still falling for the OneCoin scam.
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authorsuperliina
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2016/08/03 11:06:42
bodyHi! I am a content-detection robot. This post is to help manual curators; I have NOT flagged you. Here is similar content: http://www.estoniantrader.com/onecoin-scam/
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2016/08/03 11:06:33
votersteemlove
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2016/08/03 11:06:33
votersteemlove
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2016/08/03 11:06:30
bodyKeep up the great work @superliina Upvoted
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2016/08/03 11:06:30
bodyHi! This post has a <a href="https://en.wikipedia.org/wiki/Flesch%E2%80%93Kincaid_readability_tests">Flesch-Kincaid</a> grade level of 9.1 and reading ease of 64%. This puts the writing level on par with Michael Crichton and Mitt Romney.
titleFlesch Kincaid Grade Level
authorisaac.asimov
permlinkre-onecoin-a-financial-miracle-or-a-ponzi-20160803t110625
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2016/08/03 11:06:06
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2016/08/03 11:05:51
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2016/08/03 11:05:51
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2016/08/03 11:05:51
body# We need to talk about Onecoin. http://makecash123.com/images/images-onecoin.jpg Onecoin has been around for some time now. My question is - if it’s a scam, why is it still going on? Onecoin first arrived in 2014. It promised to be something super awesome, make its followers super rich and revolutionize everything and anything. This is what they promise: “OneCoin empowers millions of people by providing borderless, low-cost financial transactions and connecting them to the financial world. OneCoin has developed a loyal, global customer base of millions of people in over 195 countries and six continents and is independent of governments” Sounds cool? Revolutionary? Reminds you of something? ## I have been asked this question a lot recently - Should I invest in Onecoin? I've done some research into it and my honest opinion is no and here's why: Onecoin appears to be counter to what a cryptocurrency is - decentralized and open-source. Onecoin appears to have barriers to entry, either in the form of a financial transaction or handing over of personal information, which wouldn’t make it open source in the strictest sense. Also, I would not classify 3 or 4 servers as decentralized, most traditional banks and payment method operators run some form of fail safe system which would consist of multiple server locations, this would not make them “decentralized”. The sheer lack of information on their website is troubling - nothing regarding the nature of the algorithm and nothing regarding the people behind onecoin.After doing some research, it would appear that the people involved have been accused of fraudulent activity in the past.Other things ring alarm bells: the WHOIS registration details are set to private, with the website itself based out of Sofia, Bulgaria. If any company, especially one that is focusing on finance (and what appears to be multi-level marketing), is not completely upfront about the identity of those in charge, I would walk away. The “Aurum” coins aspect of OneCoin looks like such BS - they claim it’s backed by 1mg of gold, stored in a vault in Dubai. But then there’s nothing to back those claims up. It’s like me walking into a shop, going to the counter to pay and handing them a piece of paper, with “There’s €50 worth of gold in a vault in Dubai that is now linked to this piece of paper” scrawled on it in crayon.Personally, this whole thing looks like nothing more than a ponzi scheme and it’s a shame that people are using the “cryptocurrency” name as a buzzword to generate interest, when in the end, it’ll serve to dirty that name. https://media.licdn.com/mpr/mpr/shrinknp_800_800/AAEAAQAAAAAAAAH_AAAAJDllOGEyOWVhLWNjODgtNDQ3Yy1iY2Y2LTUxNzk1ZjcxMmYxNA.jpg ## Onecoin has since changed **They’ve rolled out a lot of new products for example:** OneAcademy OneLifeNetwork OnePay OneExchange OneForex CoinCloud OneWorld Foundation CoinVegas So… This is a bit more advanced from where it started back in 2014. They then promised to make you very rich, if you give them some money first of course. These new products and the marketing behind them does sort of look like something legit. But is it? ## Let’s see how this Onecoin thing actually works: IA’s earn 10% commission on anyone they sign up, but with the caveat that only 6% goes into their cash account (assumption is you can then withdraw this amount) while 4% goes into a mandatory account. The cash account is semi-liquid but expensive to withdraw from - the fees are around 15€; and the mandatory account, as the name implies, only allows you to either buy more tokens (or coins) or to use towards upgrading your packages towards the Infinity Package. So essentially you are not earning on traditional trading (price goes up…) but you get affiliate commission on new victims you lure in. If people are offered cash for new registrations, it incentivises them to invite more people. Seems like easy cash. Also the t&c actually states that you are not even buying a cryptocurrency but instead “educational materials”. Seems pretty much the essence of a ponzi to me. ## OneCoin Success Stories I have personally had a lot of people asking me whether they should invest in OneCoin and my suggestion is always no. People that have actually gone ahead and invested in this nothing-to-do-with-crypto phenomenon have also told me about their experience. Some said they had made an awesome profit, but had to wait like another year to be able to withdraw. Hang on… That doesn’t sound too good. When I later on linked up with them to ask how it went they briefly said that they invested only a small amount and weren’t too sad about the loss. Another thing that rang alarm bells. When I was first contacted about OneCoin by a fellow trader I heard some interesting stories. At the time I was the member of the board of the Estonian Cryptocurrency Association. He was not aware of that. He stated that one of the ECA board members Hasso (dear friend of mine, true, also on the board, actually called Asse) had invested 20k into this. And I am retarded not to join now there on the spot, immediately! I didn’t invest. Neither did Asse. ## The Interview http://lilyharvey.com/wp-content/uploads/2015/02/Dr-Ruja-on-Forbes.jpg **As we kept getting questions about OneCoin we decided to get the answers straight from the horse’s mouth. We asked Ruja Ignatova (the super awesome businesswoman behind Onecoin) some questions. Turns out this was the first and last interview with her:** ### So as I understand, Onecoin is mainly centralised cryptocurrency? Centralised mining, centralised blockchain and centralised public exchange? Which components of the Onecoin system are decentralised? OneCoin will have two phases in development. One is “centralized” while we mine. As we sell the mining rights we have to make sure that everyone who pays let us say 100 EUR also receives the same amount of coins as someone who pays 100 EUR too. So in the beginning we will mine for the network. Once we reach a good development and number of coins, we will open the exchange for other people. The end goal is to make the whole coin public so people can trade on all exchanges, but it has to be fair to the network. We are discussing now with some of the big names if they can audit the blockchain – so that the members and people outside have trust in it ### This is more philosophical question maybe but you are saying that one of the main reasons why Bitcoin is bad, is its decentralised form, it's on many exchanges and because of that volatility and lack of liquidity? In my opinion, volatility is very normal in small mass of usage like Bitcoin today is, compared with fiat currencies. But it has already improved as the usage and trading numbers getting bigger. You think, that you solve liquidity and volatility with a centralised exchange? So basically you’ll make another central bank which has theoretical possibilities to control or even change the price, limit transaction or other kind of activities? If so, then how are those possibilities avoided? Now one of the big issues in my opinion is that Bitcoin’s target group is an elite. This are either people who are very sophisticated (IT knowledge) or people who have enough money to diversify in other assets. It is not a coin for “small” people. So in my opinion targeting this target group and making the coin useable can create liquidity to the market. In the beginning we need the central exchange, as we cannot reach the numbers of bitcoin within a short time if we do not do any central planning, marketing and education of people ### How you are doing KYC? This is the benefit of the centralized approach we choose in the beginning. KYC is done on our website. Whoever takes out more than 2.500 EUR of the system needs to upload the needed documents ### Who holds the private keys of the Onecoin? Onecoin company, or user itself? Currently the company ### What consensus methods are used to process the transactions? Is it POW, POS, POB or something else or is it any? If not, is a mining somehow related with consensus algorithm at all? POW ### About mining difficulty. In the Onecoin presentation it has been said that mining difficulty depends on the amount of the onecoins already mined. So it doesn’t depend on the amount of mining computation resource? How is variable computation resource and algorithm difficulty regulated then? I mean, how is the calculation time of the mining problem regulated? I am not sure I understand the question here correctly. We definitely try to explain the topics as simple as we can for the network as most people do not understand the technical background – can we specify the question ### How long will be transaction time of the Onecoin transactions? Confirmation time? 10 min ### How open sourced is the whole project? I haven’t see any github, codes or any other technical materials. One of the main Bitcoin success reasons was its open source form and the big community behind that. If you are closed then how do you plan to get together the critical coin usage mass? see answer on point 1 ### Why don’t you accept Bitcoins or any other cryptocurrencies as a payment method? They are not supported by KYC is the wrong answer :) We are thinking about this actually – but until now there has been no demand for this from the members ### Regarding the MLM system, as I understand, the main product what you are actually selling is the educational materials? yes ## How About Nope! So this is why I have no faith in Onecoin and I do not suggest anyone investing in it. We posted our opinion on the Estonian Cryptocurrency Association website and received an angry letter from them shortly after publishing it. So if this really is a legit money making machine that will solve all of the problems of society then why do they need to make things up, I wonder... If you are interested in cryptocurrencies - read about the [real thing](http://www.estoniantrader.com/bitcoin-get-amongst/)! Why don't you get yourself the real thing instead - [Coinbase]( http://www.estoniantrader.com/coinbasesteem)will give you a tenner when buying some coins here! If into trading my favourite platform for Bitcoin is [SimpleFX](http://www.estoniantrader.com/simplesteem). **Liina Laas - A crypto enthusiast, currency trader, entrepreneur, mum of two and one of the founders of the Estonian Cryptocurrency Association.**
titleOneCoin - A Financial Miracle or a Ponzi?
authorsuperliina
permlinkonecoin-a-financial-miracle-or-a-ponzi
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      "body": "# We need to talk about Onecoin. \nhttp://makecash123.com/images/images-onecoin.jpg\n\nOnecoin has been around for some time now. My question is - if it’s a scam, why is it still going on? Onecoin first arrived in 2014. It promised to be something super awesome, make its followers super rich and revolutionize everything and anything. This is what they promise:\n“OneCoin empowers millions of people by providing borderless, low-cost financial transactions and connecting them to the financial world. OneCoin has developed a loyal, global customer base of millions of people in over 195 countries and six continents and is independent of governments”\n\nSounds cool? Revolutionary? Reminds you of something?\n\n## I have been asked this question a lot recently - Should I invest in Onecoin?  I've done some research into it and my honest opinion is no and here's why:\n\nOnecoin appears to be counter to what a cryptocurrency is - decentralized and open-source.  Onecoin appears to have barriers to entry, either in the form of a financial transaction or handing over of personal information, which wouldn’t make it open source in the strictest sense.  Also, I would not classify 3 or 4 servers as decentralized, most traditional banks and payment method operators run some form of fail safe system which would consist of multiple server locations, this would not make them “decentralized”.\n\nThe sheer lack of information on their website is troubling - nothing regarding the nature of the algorithm and nothing regarding the people behind onecoin.After doing some research, it would appear that the people involved have been accused of fraudulent activity in the past.Other things ring alarm bells: the WHOIS registration details are set to private, with the website itself based out of Sofia, Bulgaria.  \nIf any company, especially one that is focusing on finance (and what appears to be multi-level marketing), is not completely upfront about the identity of those in charge, I would walk away.\n\nThe “Aurum” coins aspect of OneCoin looks like such BS - they claim it’s backed by 1mg of gold, stored in a vault in Dubai.  But then there’s nothing to back those claims up.  It’s like me walking into a shop, going to the counter to pay and handing them a piece of paper, with “There’s €50 worth of gold in a vault in Dubai that is now linked to this piece of paper” scrawled on it in crayon.Personally, this whole thing looks like nothing more than a ponzi scheme and it’s a shame that people are using the “cryptocurrency” name as a buzzword to generate interest, when in the end, it’ll serve to dirty that name.\nhttps://media.licdn.com/mpr/mpr/shrinknp_800_800/AAEAAQAAAAAAAAH_AAAAJDllOGEyOWVhLWNjODgtNDQ3Yy1iY2Y2LTUxNzk1ZjcxMmYxNA.jpg\n\n## Onecoin has since changed\n\n**They’ve rolled out a lot of new products for example:**\nOneAcademy\nOneLifeNetwork\nOnePay\nOneExchange\nOneForex\nCoinCloud\nOneWorld Foundation\nCoinVegas\n\nSo… This is a bit more advanced from where it started back in 2014. They then promised to make you very rich, if you give them some money first of course. These new products and the marketing behind them does sort of look like something legit. But is it? \n\n## Let’s see how this Onecoin thing actually works:\n\nIA’s earn 10% commission on anyone they sign up, but with the caveat that only 6% goes into their cash account (assumption is you can then withdraw this amount) while 4% goes into a mandatory account. The cash account is semi-liquid but expensive to withdraw from - the fees are around 15€; and the mandatory account, as the name implies, only allows you to either buy more tokens (or coins) or to use towards upgrading your packages towards the Infinity Package.\n\nSo essentially you are not earning on traditional trading (price goes up…) but you get affiliate commission on new victims you lure in. If people are offered cash for new registrations, it incentivises them to invite more people. Seems like easy cash.\nAlso the t&c actually states that you are not even buying a cryptocurrency but instead “educational materials”. Seems pretty much the essence of a ponzi to me.\n\n## OneCoin Success Stories\n\nI have personally had a lot of people asking me whether they should invest in OneCoin and my suggestion is always no. People that have actually gone ahead and invested in this nothing-to-do-with-crypto phenomenon have also told me about their experience.\nSome said they had made an awesome profit, but had to wait like another year to be able to withdraw. Hang on… That doesn’t sound too good. When I later on linked up with them to ask how it went they briefly said that they invested only a small amount and weren’t too sad about the loss. \n\nAnother thing that rang alarm bells. When I was first contacted about OneCoin by a fellow trader I heard some interesting stories. At the time I was the member of the board of the Estonian Cryptocurrency Association. He was not aware of that. He stated that one of the ECA board members Hasso (dear friend of mine, true, also on the board, actually called Asse) had invested 20k into this. And I am retarded not to join now there on the spot, immediately! I didn’t invest. Neither did Asse.\n\n## The Interview\nhttp://lilyharvey.com/wp-content/uploads/2015/02/Dr-Ruja-on-Forbes.jpg\n\n**As we kept getting questions about OneCoin we decided to get the answers straight from the horse’s mouth. We asked Ruja Ignatova (the super awesome businesswoman behind Onecoin) some questions. Turns out this was the first and last interview with her:**\n\n### So as I understand, Onecoin is mainly centralised cryptocurrency? Centralised mining, centralised blockchain and centralised public exchange? Which components of the Onecoin system are decentralised?\n\nOneCoin will have two phases in development. One is “centralized” while we mine. As we sell the mining rights we have to make sure that everyone who pays let us say 100 EUR also receives the same amount of coins as someone who pays 100 EUR too. So in the beginning we will mine for the network. Once we reach a good development and number of coins, we will open the exchange for other people. The end goal is to make the whole coin public so people can trade on all exchanges, but it has to be fair to the network. We are discussing now with some of the big names if they can audit the blockchain – so that the members and people outside have trust in it\n\n### This is more philosophical question maybe but you are saying that one of the main reasons why Bitcoin is bad, is its decentralised form, it's on many exchanges and because of that volatility and lack of liquidity? In my opinion, volatility is very normal in small mass of usage like Bitcoin today is, compared with fiat currencies. But it has already improved as the usage and trading numbers getting bigger. You think, that you solve liquidity and volatility with a centralised exchange? So basically you’ll make another central bank which has theoretical possibilities to control or even change the price, limit transaction or other kind of activities? If so, then how are those possibilities avoided?\n \nNow one of the big issues in my opinion is that Bitcoin’s target group is an elite. This are either people who are very sophisticated (IT knowledge) or people who have enough money to diversify in other assets. It is not a coin for “small” people. So in my opinion targeting this target group and making the coin useable can create liquidity to the market. In the beginning we need the central exchange, as we cannot reach the numbers of bitcoin within a short time if we do not do any central planning, marketing and education of people\n\n### How you are doing KYC?\n\nThis is the benefit of the centralized approach we choose in the beginning. KYC is done on our website. Whoever takes out more than 2.500 EUR of the system needs to upload the needed documents\n\n### Who holds the private keys of the Onecoin? Onecoin company, or user itself?\n\nCurrently the company\n\n### What consensus methods are used to process the transactions? Is it POW, POS, POB or something else or is it any? If not, is a mining somehow related with consensus algorithm at all?\n\nPOW\n\n### About mining difficulty. In the Onecoin presentation it has been said that mining difficulty depends on the amount of the onecoins already mined. So it doesn’t depend on the amount of mining computation resource? How is variable computation resource and algorithm difficulty regulated then? I mean, how is the calculation time of the mining problem regulated?\n\nI am not sure I understand the question here correctly. We definitely try to explain the topics as simple as we can for the network as most people do not understand the technical background – can we specify the question\n\n### How long will be transaction time of the Onecoin transactions? Confirmation time?\n\n10 min\n\n### How open sourced is the whole project? I haven’t see any github, codes or any other technical materials. One of the main Bitcoin success reasons was its open source form and the big community behind that. If you are closed then how do you plan to get together the critical coin usage mass?\n\nsee answer on point 1\n\n### Why don’t you accept Bitcoins or any other cryptocurrencies as a payment method? They are not supported by KYC is the wrong answer :)\n\nWe are thinking about this actually – but until now there has been no demand for this from the members\n\n### Regarding the MLM system, as I understand, the main product what you are actually selling is the educational materials?\n\nyes\n\n## How About Nope!\n\nSo this is why I have no faith in Onecoin and I do not suggest anyone investing in it. We posted our opinion on the Estonian Cryptocurrency Association website and received an angry letter from them shortly after publishing it.  So if this really is a legit money making machine that will solve all of the problems of society then why do they need to make things up, I wonder...\n\nIf you are interested in cryptocurrencies - read about the [real thing](http://www.estoniantrader.com/bitcoin-get-amongst/)!\nWhy don't you get yourself the real thing instead - [Coinbase]( http://www.estoniantrader.com/coinbasesteem)will give you a tenner when buying some coins here! If into trading my favourite platform for Bitcoin is [SimpleFX](http://www.estoniantrader.com/simplesteem).\n\n**Liina Laas - A crypto enthusiast, currency trader, entrepreneur, mum of two and one of the founders of the Estonian Cryptocurrency Association.**",
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            "STM6cB5U9eJaHssdZCWa95hBZdJKN8K5Pe52W5kDG48rMcgtCXyZ3",
            1
          ]
        ],
        "account_auths": [],
        "weight_threshold": 1
      },
      "active": {
        "key_auths": [
          [
            "STM542dVuDCm8FB26fBm4udQBudzs54jdLTJfH8QX9XPBdQxi8iKH",
            1
          ]
        ],
        "account_auths": [],
        "weight_threshold": 1
      },
      "creator": "steem",
      "posting": {
        "key_auths": [
          [
            "STM6FEz8NZzeNxnQAGScCq8Gn2k58E3ph9eLtUNp6jfTx9YPRoFE7",
            1
          ]
        ],
        "account_auths": [],
        "weight_threshold": 1
      },
      "memo_key": "STM5LNZfoPT9DDkSiUmVVMnyye8suNC4Nev8My96HaPeApFFA31Pi",
      "json_metadata": "",
      "new_account_name": "superliina"
    }
  ],
  "block": 3754704,
  "trx_id": "342e7cfe2203b205de9e17e36ae651250218d365",
  "op_in_trx": 0,
  "timestamp": "2016-08-03T08:23:57",
  "virtual_op": false,
  "trx_in_block": 2
}

Account Metadata

POSTING JSON METADATA
None
JSON METADATA
None
{
  "posting_json_metadata": {},
  "json_metadata": {}
}

Auth Keys

Owner
Single Signature
Public Keys
STM6cB5U9eJaHssdZCWa95hBZdJKN8K5Pe52W5kDG48rMcgtCXyZ31/1
Active
Single Signature
Public Keys
STM542dVuDCm8FB26fBm4udQBudzs54jdLTJfH8QX9XPBdQxi8iKH1/1
Posting
Single Signature
Public Keys
STM6FEz8NZzeNxnQAGScCq8Gn2k58E3ph9eLtUNp6jfTx9YPRoFE71/1
Memo
STM5LNZfoPT9DDkSiUmVVMnyye8suNC4Nev8My96HaPeApFFA31Pi
{
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM6cB5U9eJaHssdZCWa95hBZdJKN8K5Pe52W5kDG48rMcgtCXyZ3",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM542dVuDCm8FB26fBm4udQBudzs54jdLTJfH8QX9XPBdQxi8iKH",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM6FEz8NZzeNxnQAGScCq8Gn2k58E3ph9eLtUNp6jfTx9YPRoFE7",
        1
      ]
    ]
  },
  "memo": "STM5LNZfoPT9DDkSiUmVVMnyye8suNC4Nev8My96HaPeApFFA31Pi"
}

Witness Votes

0 / 30
No active witness votes.
[]