The manufacturing group flew to Uganda for what was speculated 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 all around the world, folks 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 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.”
Keep in mind, you’ll be able to obtain episodes instantly from the BBC, or hearken to “The Lacking Cryptoqueen” by Apple, Spotify, or iVoox.
About “The Lacking Cryptoqueen,” Episode Eight- “The Know-how And The Dream”
On this interview-heavy episode, the manufacturing group 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 triggered in Uganda, the place folks bought all the things to get in on the early flooring and a few of them even acquired 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, folks 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 lots 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 folks. 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 sequence’ final, and it ends with a quick abstract of all the contributors’ lives and all the things. That’s till the producers inform us that their “telephone rang another time.” An nameless contributor known as the present’s helpline and instructed them that they had been too near discovering Dr. Ruja to give up. He confirmed that she’s in Frankfurt, seems to be 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 assume occurred to Dr. Ruja:
“She went right into a safer zone as a result of OneCoin is greater than what folks thought. So when different folks acquired to know that it’s combating the present manner 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 reality. 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 expect. OneCoin wouldn’t be potential until we lived at a time when folks 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, however it doesn’t matter as a result of the concept Satoshi unleashed of economic freedom by expertise is greater than one particular person. Dr. Ruja is the inverse Satoshi.
She stands for one thing too, one thing that’s extra necessary than the place she is. She represents the darkish aspect of speedy technological change. Each new expertise creates wonderful alternatives and prospects for individuals who perceive it, but in addition the possibility to use the individuals who don’t.”
Additional Materials about Uganda:
Six years in the past, our sister website Bitcoinist talked about 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 not too long ago 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 comparable to Bitcoin.”
In a while, Bitcoinist pulled no punches whereas discussing the DealShaker market:
“Lately, a web based “market” appeared providing services and products in trade for OneCoins, which Bitcoinist advises readers to not use below any circumstances.
On the identical time, OneCoin’s on-line web site, which poses as an ‘trade,’ has lastly gone offline probably suggesting that the rip-off is nearing its endpoint.”
Presenter: Jamie Bartlett
Producer: Georgia Catt
Story guide: 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/