The manufacturing staff flew to Uganda for what was purported to be “The Lacking Cryptoqueen’s” final episode. They wished to indicate how far the OneCoin rip-off traveled and what it did to its victims. The outcomes are devastating. Because it occurred everywhere in the world, individuals in Uganda couldn’t afford to lose one greenback and ended up falling for OneCoin and dropping all of it. Dr. Ruja Ignatova is a legend over there. And on this episode, we additionally get to fulfill individuals who nonetheless imagine in her and the OneCoin venture.
Anyway, let’s get into the episode titled “The Know-how and the Dream.”
Keep in mind, you’ll be able to obtain episodes instantly from the BBC, or hearken to “The Lacking Cryptoqueen” by way of Apple, Spotify, or iVoox.
About “The Lacking Cryptoqueen,” Episode Eight- “The Know-how And The Dream”
On this interview-heavy episode, the manufacturing staff exposes the embarrassment and disgrace of the victims. Their hopes, their goals, and the denial that result in this. The sheer quantity of devastation OneCoin induced in Uganda, the place individuals bought the whole lot to get in on the early flooring and a few of them even bought loans. We additionally be taught that on the time of recording, because it occurred in Bulgaria, OneCoin was nonetheless operational in Uganda. The group was nonetheless working, individuals have been nonetheless investing, and entrepreneurs have been nonetheless recruiting.
We get to fulfill many characters, however the standing out one is Saturday David. He’s a multi-level marketer who made some huge cash promoting OneCoin, but in addition purchased quite a bit himself. When Jamie Bartlett interviews him, he has stopped promoting the product however nonetheless believes in Dr. Ruja. He additionally thinks there’s an opportunity for the cash he has put in to multiply as he has promised numerous individuals. Plus, he nonetheless believes in cryptocurrencies as an idea and his goal is to construct a crypto-friendly metropolis in Uganda.
The Uganda episode was introduced because the collection’ final, and it ends with a quick abstract of the entire members’ lives and the whole lot. That’s till the producers inform us that their “cellphone rang yet one more time.” An nameless contributor referred to as the present’s helpline and informed them that they have been too near discovering Dr. Ruja to stop. He confirmed that she’s in Frankfurt, seems to be like a German girl, and was in attendance on the Miss OneLife pageant because the manufacturing crew suspected.
Quotes From The Uganda Episode of “The Lacking Cryptoqueen”:
A promoter provides an instance of what OneCoin middle-management insiders suppose occurred to Dr. Ruja:
“She went right into a safer zone as a result of OneCoin is larger than what individuals thought. So when different individuals bought to know that it’s combating the present means of banking. So our chief needed to sacrifice herself and go to a safer zone and focus on bringing the imaginative and prescient to actuality.”
Bartlett on what Dr. Ruja knew about human nature and the historic second we’re dwelling in:
“Possibly above all, Dr. Ruja understood an much more troublesome fact. That the distinction between an easy rip-off and the sophisticated however authorized world of finance and cash isn’t as clear lower as we predict. OneCoin wouldn’t be attainable except we lived at a time when individuals actually do make hundreds of thousands just by betting on cryptocurrencies, sophisticated derivatives, and high-frequency foreign money buying and selling. OneCoin sounds believable to so many individuals as a result of it’s believable.”
Bartlett on Dr. Ruja being “the inverse Satoshi:”
“Ten years in the past, Satoshi Nakamoto invented Bitcoin, the world’s first cryptocurrency. Nobody is aware of the place and even who Satoshi is, however it doesn’t matter as a result of the concept Satoshi unleashed of economic freedom by way of know-how is larger than one particular person. Dr. Ruja is the inverse Satoshi.
She stands for one thing too, one thing that’s extra essential than the place she is. She represents the darkish aspect of speedy technological change. Each new know-how creates wonderful alternatives and prospects for individuals who perceive it, but in addition the possibility to take advantage of the individuals who don’t.”
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Additional Materials about Uganda:
Six years in the past, our sister web site Bitcoinist talked about Uganda in relation to OneCoin whereas denouncing the venture as a rip-off:
“OneCoin in the meantime continues to make alarm bells ring all through the world. Most lately Uganda’s central financial institution issued a public warning on the dangers of investing in it, but drew no distinction between the scheme and bonafide cryptocurrencies reminiscent of Bitcoin.”
In a while, Bitcoinist pulled no punches whereas discussing the DealShaker market:
“Lately, a web based “market” appeared providing services in trade for OneCoins, which Bitcoinist advises readers to not use underneath any circumstances.
On the identical time, OneCoin’s on-line web site, which poses as an ‘trade,’ has lastly gone offline presumably suggesting that the rip-off is nearing its endpoint.”
Presenter: Jamie Bartlett
Producer: Georgia Catt
Story advisor: Chris Berube
Editor: Philip Sellars
Authentic music and sound design: Phil Channell
Authentic music and vocals: Dessislava Stefanova and the London Bulgarian Choir
Earlier Companion Guides For BBC’s “The Lacking Cryptoqueen” Podcast:
Ep. 01 – https://www.newsbtc.com/information/bitcoin/ep01-dr-ruja-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/
Ep. 02 – https://www.newsbtc.com/information/bitcoin/ep02-btc-killer-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/
Ep. 03 – https://www.newsbtc.com/altcoin/ep03-onecoin-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/
Ep. 04 – https://www.newsbtc.com/scams-and-fraud/ep04-onelife-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/
Ep. 05 – https://www.newsbtc.com/scams-and-fraud/ep05-mlm-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/
Ep. 06 – https://www.newsbtc.com/scams-and-fraud/ep06-dealshaker-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/
Ep. 07 – https://newsbtc.com/crypto/ep07-moneyland-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/
Featured Picture: The Lacking Cryptoqueen’s brand by the BBC | Charts by TradingView