Let\u2019s listen to \u201cThe Missing Cryptoqueen\u201d podcast together from the very beginning, as the new episodes arrive. This second one presents new facets of Dr. Ruja\u2019s story and amplifies the scope of the podcast. Good news, \u201cThe Missing Cryptoqueen\u201d might be even more interesting than we previously believed. As BBC presenter Jamie Bartlett puts it, \u201cwe thought we were looking for a missing billionaire, but now we seem to be entering a world that\u2019s far murkier than we thought.\u201d<\/p>\n
NewsBTC\u2019s \u201cThe Missing Cryptoqueen\u2019s\u201d listening group is now in session. In the first few minutes of this episode, Dr. Ruja Ignatova says: \u201cIn two years, nobody will talk about bitcoin anymore.\u201d A line out of the book of every crypto scammer out there.<\/p>\n
Remember, you can download episodes directly from the BBC<\/a>, or listen to \u201cThe Missing Cryptoqueen\u201d through Apple<\/a>, Spotify<\/a>, or iVoox<\/a>.<\/p>\n About \u201cThe Missing Cryptoqueen \u2019s\u201d Episode Two, \u201cThe Bitcoin Killer\u201d<\/p>\n This podcast moves fast. It\u2019s only \u201cThe Missing Cryptoqueen \u2019s\u201d second episode and the whole OneCoin fiasco is already breaking apart. The producer and the presenter move between telling the story of what happened and the actual search for Dr. Ruja. The team went to Bulgaria and asked around about the controversial character. Every time they mentioned her, Bulgarians started to speak loudly among themselves.\u00a0<\/p>\n They are going to places that she frequented, sure, but everyone seems to know about Ruja Ignatova.<\/p>\n In any case, \u201cThe Missing Cryptoqueen\u2019s\u201d audience is not exactly a cryptocurrency-savvy one. The episode starts with a terrible definition of what money is, and a shaky explanation of how blockchain technology works. It\u2019s necessary, because we will soon find out that OneCoin didn\u2019t even run on a blockchain. This was a scam through and through from the very beginning.\u00a0<\/p>\n The podcast\/ radio documentary also serves as a living and breathing explanation of how a Ponzi scheme works. And the story\u2019s protagonists tell you exactly what happened in their own words. One of the victims, Jane; a developer turned OneCoin whistleblower; and OneCoin denouncer Timothy Curry are the guests in \u201cThe Missing Cryptoqueen\u2019s\u201d second episode. <\/p>\n In the episode\u2019s fourth quarter, the team goes to the marina where the boat Dr. Ruja\u2019s disappeared from was located. The Bulgarians there mention the mafia. And the developer turned whistleblower also alludes to it.<\/p>\n\n BTC price chart for 10\/06\/2022 on Bitstamp | Source: BTC\/USD on TradingView.com<\/a> Besides the lack of a blockchain, \u201cThe Missing Cryptoqueen\u201d points out an almost-always-present characteristic of a scam or Ponzi:\u00a0<\/p>\n People couldn\u2019t withdraw or spend the tokens they bought.<\/p>\n In this case, OneCoin only lived in a SQL Database in Bulgaria. The naive investors saw the price pumping and believed they were making a killing, but their tokens were just numbers on a screen. They couldn\u2019t exchange them for other cryptocurrencies because OneCoin was not a cryptocurrency. It didn\u2019t run on a blockchain.<\/p>\n At the time, the team reached out to OneCoin with these allegations and they denied everything and blamed the authorities and regulations for their token\u2019s lack of usability. Classic scammers.\u00a0\u00a0<\/p>\n Quotes From \u201cThe Missing Cryptoqueen \u2019s\u201d Episode Two \u2013 \u201cThe Bitcoin Killer\u201d Extra Material And Episode Credits<\/p>\n This week\u2019s extra material comes courtesy of Investopedia<\/a>, which summarizes \u201cThe Missing Cryptoqueen \u2019s\u201d plot as:<\/p>\n \u201cOneCoin was a cryptocurrency-based Ponzi scheme. The companies behind the scheme were OneCoin Ltd. and OneLife Network Ltd., founded by Bulgarian national Ruja Ignatova, who disappeared in 2017. However, not before the scheme raised $4 billion.\u201d<\/p>\n And finally, the episode\u2019s credits:<\/p>\n Presenter: Jamie Bartlett Previous Companion Guides For BBC\u2019s \u201cThe Missing Cryptoqueen\u201d Podcast: Featured Image: The Missing Cryptoqueen podcast logo from the BBC<\/a> | Charts by TradingView<\/a><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Let\u2019s listen to \u201cThe Missing Cryptoqueen\u201d podcast together from the very beginning, as the new episodes arrive. This second one presents new facets of Dr. Ruja\u2019s story and amplifies the scope of the podcast. Good news, \u201cThe Missing Cryptoqueen\u201d might be even more interesting than we previously believed. As BBC presenter Jamie Bartlett puts it, \u201cwe thought we were looking for a missing billionaire, but now we seem to be entering a world that\u2019s far murkier than we thought.\u201d<\/p>\n NewsBTC\u2019s \u201cThe Missing Cryptoqueen\u2019s\u201d listening group is now in session. In the first few minutes of this episode, Dr. Ruja Ignatova says: \u201cIn two years, nobody will talk about bitcoin anymore.\u201d A line out of the book of every crypto scammer out there.<\/p>\n Remember, you can download episodes directly from the BBC<\/a>, or listen to \u201cThe Missing Cryptoqueen\u201d through Apple<\/a>, Spotify<\/a>, or iVoox<\/a>.<\/p>\n About \u201cThe Missing Cryptoqueen \u2019s\u201d Episode Two, \u201cThe Bitcoin Killer\u201d<\/p>\n This podcast moves fast. It\u2019s only \u201cThe Missing Cryptoqueen \u2019s\u201d second episode and the whole OneCoin fiasco is already breaking apart. The producer and the presenter move between telling the story of what happened and the actual search for Dr. Ruja. The team went to Bulgaria and asked around about the controversial character. Every time they mentioned her, Bulgarians started to speak loudly among themselves.\u00a0<\/p>\n They are going to places that she frequented, sure, but everyone seems to know about Ruja Ignatova.<\/p>\n In any case, \u201cThe Missing Cryptoqueen\u2019s\u201d audience is not exactly a cryptocurrency-savvy one. The episode starts with a terrible definition of what money is, and a shaky explanation of how blockchain technology works. It\u2019s necessary, because we will soon find out that OneCoin didn\u2019t even run on a blockchain. This was a scam through and through from the very beginning.\u00a0<\/p>\n The podcast\/ radio documentary also serves as a living and breathing explanation of how a Ponzi scheme works. And the story\u2019s protagonists tell you exactly what happened in their own words. One of the victims, Jane; a developer turned OneCoin whistleblower; and OneCoin denouncer Timothy Curry are the guests in \u201cThe Missing Cryptoqueen\u2019s\u201d second episode. <\/p>\n In the episode\u2019s fourth quarter, the team goes to the marina where the boat Dr. Ruja\u2019s disappeared from was located. The Bulgarians there mention the mafia. And the developer turned whistleblower also alludes to it.<\/p>\n BTC price chart for 10\/06\/2022 on Bitstamp | Source: BTC\/USD on TradingView.com<\/a> Besides the lack of a blockchain, \u201cThe Missing Cryptoqueen\u201d points out an almost-always-present characteristic of a scam or Ponzi:\u00a0<\/p>\n People couldn\u2019t withdraw or spend the tokens they bought.<\/p>\n In this case, OneCoin only lived in a SQL Database in Bulgaria. The naive investors saw the price pumping and believed they were making a killing, but their tokens were just numbers on a screen. They couldn\u2019t exchange them for other cryptocurrencies because OneCoin was not a cryptocurrency. It didn\u2019t run on a blockchain.<\/p>\n At the time, the team reached out to OneCoin with these allegations and they denied everything and blamed the authorities and regulations for their token\u2019s lack of usability. Classic scammers.\u00a0\u00a0<\/p>\n Quotes From \u201cThe Missing Cryptoqueen \u2019s\u201d Episode Two \u2013 \u201cThe Bitcoin Killer\u201d Extra Material And Episode Credits<\/p>\n This week\u2019s extra material comes courtesy of Investopedia<\/a>, which summarizes \u201cThe Missing Cryptoqueen \u2019s\u201d plot as:<\/p>\n \u201cOneCoin was a cryptocurrency-based Ponzi scheme. The companies behind the scheme were OneCoin Ltd. and OneLife Network Ltd., founded by Bulgarian national Ruja Ignatova, who disappeared in 2017. However, not before the scheme raised $4 billion.\u201d<\/p>\n And finally, the episode\u2019s credits:<\/p>\n Presenter: Jamie Bartlett Previous Companion Guides For BBC\u2019s \u201cThe Missing Cryptoqueen\u201d Podcast: Featured Image: The Missing Cryptoqueen podcast logo from the BBC<\/a> | Charts by TradingView<\/a><\/p>\n <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-9221","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=9221"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9221\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=9221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=9221"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=9221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nAn Almost-Always-Present Characteristic Of A Scam Or Ponzi<\/p>\n
\n\u201cThe \u20ac10,000 that Jen invested which she thought was now worth over \u20ac100,000 in one coin was just a number that someone in an office in Bulgaria had made up and could delete just as easily. OneCoin is not a real cryptocurrency, it\u2019s just pretending to be one. It\u2019s fake, it\u2019s a scam, and it could be the scam of the century.\u201d
\n\u201cOneCoin was only possible because of Dr. Ruja. Whenever we see complicated technology that we don\u2019t understand, we make a judgment about it based on things we do understand. Like the fact that the boss was an inspirational, successful businesswoman. Dr. Ruja\u2019s magic trick was to use the hype and terminology of legitimate cryptocurrencies. So ordinary people like Jen couldn\u2019t tell the difference between the real and the fake.\u201d<\/p>\n
\nProducer: Georgia Catt
\nStory consultant: Chris Berube
\nEditor: Philip Sellars
\nOriginal music and sound design: Phil Channell
\nOriginal music and vocals: Dessislava Stefanova and the London Bulgarian Choir<\/p>\n
\nEp. 01 \u2013 https:\/\/www.newsbtc.com\/news\/bitcoin\/ep01-dr-ruja-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast\/<\/a><\/p>\n
\nAn Almost-Always-Present Characteristic Of A Scam Or Ponzi<\/p>\n
\n\u201cThe \u20ac10,000 that Jen invested which she thought was now worth over \u20ac100,000 in one coin was just a number that someone in an office in Bulgaria had made up and could delete just as easily. OneCoin is not a real cryptocurrency, it\u2019s just pretending to be one. It\u2019s fake, it\u2019s a scam, and it could be the scam of the century.\u201d
\n\u201cOneCoin was only possible because of Dr. Ruja. Whenever we see complicated technology that we don\u2019t understand, we make a judgment about it based on things we do understand. Like the fact that the boss was an inspirational, successful businesswoman. Dr. Ruja\u2019s magic trick was to use the hype and terminology of legitimate cryptocurrencies. So ordinary people like Jen couldn\u2019t tell the difference between the real and the fake.\u201d<\/p>\n
\nProducer: Georgia Catt
\nStory consultant: Chris Berube
\nEditor: Philip Sellars
\nOriginal music and sound design: Phil Channell
\nOriginal music and vocals: Dessislava Stefanova and the London Bulgarian Choir<\/p>\n
\nEp. 01 \u2013 https:\/\/www.newsbtc.com\/news\/bitcoin\/ep01-dr-ruja-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast\/<\/a><\/p>\n