THELOGICALINDIAN - During the abatement months theres been a lot of allocution surrounding the declared OneCoin betray Just afresh above Bitcoin Foundation administrator Bruce Fenton wrote a letter calling for authorities to attending into this behemothic MLM cryptocurrency
Also read: Buyer Beware! The Definitive OneCoin Ponzi Exposé
Bruce Fenton: A Letter Against OneCoin’s Activities
In a accounting letter on GitHub, Bitcoin backer Bruce Fenton is calling for action. The letter states that those who assurance the address are anxious about the “illegal business practices of a business accepted as OneCoin.” Fenton capacity that, collectively, bodies accommodating in his letter of absorbed accommodate executives, developers, and investors aural the accepted cryptocurrency and blockchain community.
Fenton reveals that the undersigned participants accept OneCoin is “harmful to the accessible but additionally to this technology.” He writes that OneCoin is agreeable in “classic counterfeit behavior” but additionally uses the accomplishments of the accepted blockchain community.
After several investigations by abstruse engineers, economists, and experts aural the industry, abounding accept that OneCoin isn’t a cryptocurrency at all.
Bitcoin.com chatted with Bruce Fenton and asked him why he accomplished this letter. Fenton told us:
OneCoin Is Disappointed With the UK’s FCA & Revamped The ‘Blockchain’
Recently, we reported that London admiral were investigating the claims of artifice fabricated adjoin the OneCoin operation. However, OneCoin admiral wrote a letter adjoin the UK’s Financial Conduct Authority warning, adage they are “disappointed.” The accumulation says they accept never been contacted by the London Police and the “investigation has not been explained.”
Furthermore, OneCoin beatific out a second columnist release about its October 1 bifold bill event. OneCoin architect Ruja Ignatova says that developers accept fabricated the OneCoin blockchain more secure and scalable for its accessible massive bulk of transactions. The new revamped OneCoin blockchain is able of mining 50,000 tokens per block, and decidedly faster than before, says OneCoin.
“We do not apprehend a abrupt amount movement afterwards October 1st. Cryptocurrency amount is apprenticed by accumulation and appeal – and appeal is apprenticed by cast and usability. By acceleration the coins, we will be able to accompany the bread to added bodies and places and strengthen the brand. Also, acceleration the bill will acquiesce us to alpha including merchants to use the bread – which will booty us into a new alliance of cryptocurrency – acceptable the first-choice cryptocurrency for merchants. These developments are acutely agitative and will accomplish our bread the all-around baton in the cryptic market,” says Ruja Ignatova, OneCoin Founder.
Cryptocurrency Community Still Says OneCoin Is a Scam
Legitimate cryptocurrency innovators and developers accept best of what OneCoin purports is all bologna. As a result, about every day, blockchain proponents and agenda bill association associates column about this counterfeit behavior. This is best acceptable accident because Bitcoiners and blockchain advocates don’t appetite this activity associated with absolute cryptocurrency businesses.
OneCoin is still not listed on any acclaimed coin bazaar capitalization website or any legitimate exchange. OneCoin has created their own assets blueprint authoritative them the top crypto and action their own exchange. Meanwhile, there are actually no letters of bodies application this barter to banknote out as abounding accept it’s not alike possible. At the actual atomic Bruce Fenton hopes his letter will be accessible to those because abutting this MLM operation.
“More importantly, I achievement this can advice serve as a admonishing to those who ability be because captivation in OneCoin,” Fenton told us.
What do you anticipate about the letter adjoin OneCoin operations? Let us apperceive in the comments below.
Source: GitHub, and OneCoin Press Releases.
Images via Pixabay, and Bruce Fenton.
Did you apperceive Bitcoin.com is throwing a blockchain appointment in London this year? Our premiere event, Blockchain: Money, features the better innovators and admiral in the industry. The accident also takes place in the admirable ambience of 155 Bishopsgate, London on November 6-7, 2016. Reserve your tickets today!
