OneCoin Isn’t Blockchain Based and Uses SQL for Coins, Says Skeptic

OneCoin Isn’t Blockchain Based and Uses SQL for Coins, Says Skeptic

Bjorn Bjercke, a cryptocurrency enthusiast and blockchain developer, recently revealed that when OneCoin approached him in an effort to recruit him as Chief Technology Officer (with a supposed pay of $2.5M per year), OneCoin had no blockchain at all. The murky altcoin which has mostly become known as a serious scam has no public-facing blockchain nor software wallets that users can access offline. Its current iteration is much more like a Federal Reserve style system where all trust must be placed in the issuer. And according to Bjercke, who could not talk to us for this article due to his....


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