The manufacturing workforce flew to Uganda for what was speculated to be “The Lacking Cryptoqueen’s” final episode. They needed to indicate how far the OneCoin rip-off traveled and what it did to its victims. The outcomes are devastating. Because it occurred all around the world, individuals in Uganda couldn’t afford to lose one greenback and ended up falling for OneCoin and shedding all of it. Dr. Ruja Ignatova is a legend over there. And on this episode, we additionally get to satisfy individuals who nonetheless consider in her and the OneCoin undertaking.
Anyway, let’s get into the episode titled “The Know-how and the Dream.”
Bear in mind, you’ll be able to obtain episodes directly from the BBC, or hearken to “The Lacking Cryptoqueen” via Apple, Spotify, or iVoox.
About “The Lacking Cryptoqueen,” Episode Eight- “The Know-how And The Dream”
On this interview-heavy episode, the manufacturing workforce 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 precipitated in Uganda, the place individuals offered every little thing to get in on the early flooring and a few of them even received loans. We additionally study that on the time of recording, because it occurred in Bulgaria, OneCoin was nonetheless operational in Uganda. The group was nonetheless working, individuals had been nonetheless investing, and entrepreneurs had been nonetheless recruiting.
We get to satisfy 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 every little thing. That’s till the producers inform us that their “cellphone rang yet another time.” An nameless contributor known as the present’s helpline and advised them that they had been too near discovering Dr. Ruja to stop. He confirmed that she’s in Frankfurt, appears to be like like a German woman, 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 greater than what individuals thought. So when different individuals received 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 residing in:
“Possibly above all, Dr. Ruja understood an much more tough fact. That the distinction between a simple rip-off and the sophisticated however authorized world of finance and cash isn’t as clear lower as we predict. OneCoin wouldn’t be potential until we lived at a time when individuals actually do make tens of millions just by betting on cryptocurrencies, sophisticated derivatives, and high-frequency forex 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, nevertheless it doesn’t matter as a result of the thought Satoshi unleashed of monetary freedom via expertise is greater than one particular person. Dr. Ruja is the inverse Satoshi.
She stands for one thing too, one thing that’s extra vital than the place she is. She represents the darkish facet of speedy technological change. Each new expertise creates wonderful alternatives and prospects for individuals who perceive it, but in addition the prospect to use the individuals who don’t.”
BTC value chart for 12/20/2022 on Coinbase | Supply: BTC/USD on TradingView.com
Further Materials about Uganda:
Six years in the past, our sister website Bitcoinist mentioned Uganda in relation to OneCoin whereas denouncing the undertaking as a rip-off:
“OneCoin in the meantime continues to make alarm bells ring all through the world. Most just 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.”
Afterward, Bitcoinist pulled no punches whereas discussing the DealShaker marketplace:
“Just lately, a web based “market” appeared providing services and products in trade for OneCoins, which Bitcoinist advises readers to not use beneath 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.”
Episode Credit
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. 07 – https://newsbtc.com/crypto/ep07-moneyland-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/
Featured Picture: The Lacking Cryptoqueen's logo by the BBC | Charts by TradingView
