Queen Scammed the World, THEN VANISHED

Ruja Ignatova a evil mind women was known as Cryptoqueen. She told world that she had invented a cryptocurrency to rival Bitcoin, and persuaded and asked them to invest billions In her invented cryptocurrent. Then 700days ago, she disappeared. Authorities spent weeks of investigating how she did it for the Missing Cryptoqueen and
they still searching her and trying to figure out where she's hiding.

It was June 2016 a 37yrd old businesswoman called Dr Ruja Ignatova walked on stage in front of thousands of adoring,loving,cheering fans. She was dressed in an expensive ballgown, wearing expensive diamond earrings and bright pick lipstick.

She told the hole crowd that OneCoin was going to become the worlds biggest cryptocurrency "To make payments everywhere" in the world.

Bitcoin was first cryptocurrency and still the biggest. its rise in value from a few cents to hundreds of dollars per coin in between 2016-2017 had given rise to a frenzy of excitement among investors.majority peoples looking to get involved in this strange new opportunity.
OneCoin, Dr Ruja told her audience, was the "Bitcoin Killer". "In 24months , nobody will speak about Bitcoin any more!"

And people trusted.

All around the world, peoples were investing their savings into OneCoin, and they hoping to be part of this new revolution.

Documents was leaked to the BBC that show that British people spent almost €30m on OneCoin in the first six,seven months of 2016, €2m of it in just a one week - and the rate of investment could have increased after the Wembley extravaganza.

In Between Aug2014 and March 2017 more than €4bn was invested in these countries. From Pakistan to Brazil, from Hong Kong to Norway, from Canada to Yemen turkey to palestine even.

But something was very important and these investors didn't know.

To explain this, I need first to explain briefly and accurate that how a cryptocurrency actually those works. This is quite difficult - go online and you'll find hundreds of different descriptions, some of them utterly baffling to the non-specialist and this is the first principle to grasp: money is only valuable because all people thinks it's valuable. Whether it's Bank of Spain notes and coins, shells or precious stones all of these which have historically been used as money - it works only because everyone trusts it.

From long time, peoples are trying to create a form of digital money independent of state-backed currencies. But they always faced failure because no-one could trust them.

They always needed someone in charge who could manipulate the supply, and forgery was much easy.

Main reason so many people are excited about Bitcoin is that it solve many problems. It totally depends upon a special type of database called a blockchain, web 3.0.
which is like a huge book - one that Bitcoin owners have independent but identical copies of. Every time a Bitcoin is sent from me to someone else, a record of that transaction goes into everyone's book. Nobody - not banks, not governments, or the person who invents it - is in charge or can change it.

There is some very clever maths behind all this, but this means that Bitcoins can't be faked, they can't be hacked and can't be double-spent.

Dr Ruja's the super genius was to take all of this and sell the idea to the masses.

But there was something wrong. In October 2016 - four months after Dr Ruja visited London a blockchain expert called Bjorn Bjercke was called by a recruitment agent, with a job offer. A cryptocurrency start-up from Bulgaria was looking for a chief technical officer. Bjercke would get an apartment and a car - and an attractive annual salary of about £250,000.

"I was thinking: 'What is my job going to be? What are the things that I'm going to have to do for this company?'" he recalls.

"And he said: 'Well, first of all, they need a blockchain. They don't have a blockchain today.'

"I said: 'What? You told me it was a cryptocurrency company.'"

The agent replied that this was correct. It was a cryptocurrency company, and it had been running for a while - but it didn't have a blockchain. "So we need you to build a blockchain," he went on.

"What's the name of the company?" asked Bjercke.

"It's OneCoin."

He didn't take the job.

Source BBC News link pictures & story : https://www.bbc.com/news/stories-50435014

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