This is my entry to @trumpman's My Most Shitty Investments Challenge
Onecoin!
There you go! I named it, boo!
Oh, the founder of onecoin, Ruja Ignatova just vanished with all the money last year. (people call her Dr. Ruja, I don't have enough respect for her to call her Dr. I'd much rather call the B word, and I'm generally a very nice person)!
So how this worked was, you buy a package from them, and according to the level of the package they will "mine" specific amount of coins for you on their Imaginary Blockchain, the existence of which will not be discovered by Historians of the 22nd century!
So why was I this stupid? Well, lack of knowledge! Soon after I had already invested in it, I found out about the Steem blockchain and the steemit platform, where there were actual crypto enthusiasts with proper knowledge of how this space works. I kept talking to a lot of them on their posts, on discord. And the more I learned about crypto, the more I began to realize what a big Ponzi Scheme I had stepped into with Onecoin. Yeah, it was textbook Ponzi scheme, something I wasn't too aware of in my younger years.
I don't consider this to be my shittiest investment because of the amount of money I lost. I've lost more on other projects, which at least had a project. People always loose a lot more money that what I did on onecoin. I consider this the shittiest because the I failed to see through the sheer amount of bullshit they used to say to their customers. Even at an imaginary level, the only use of their coin they could tell us was, It will replace Bitcoin. LMAO! I wasn't knowledgeable enough to look for value of the coin in terms of what usage it provides, what problem it solves.
The only problem Onecoin seemed to solve was.....nothing!
Well, lessons learned from mistakes! Moving on!
BDCommunity Witness
@zaku and
@reazuliqbal has been the mind and soul behind the BDVoter project and many of you have received some great support for good content from BDV. The bros have been working tirelessly to make onboarding new users onto the HIVE platform by curating from all over the platform! And now they have set up the BDCommunity Witness.
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Until Next Time!
Peace!