Ep08- Uganda – Companion Information For BBC’s “The Lacking Cryptoqueen” Podcast
The manufacturing staff 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 fulfill individuals who nonetheless imagine in her and the OneCoin challenge.
Anyway, let’s get into the episode titled “The Expertise and the Dream.”
Keep in mind, you’ll be able to obtain episodes straight from the BBC, or hearken to “The Lacking Cryptoqueen” by way of Apple, Spotify, or iVoox.
About “The Lacking Cryptoqueen,” Episode Eight- “The Expertise And The Dream”
On this interview-heavy episode, the manufacturing staff 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 brought on in Uganda, the place folks bought all the pieces to get in on the early flooring and a few of them even obtained 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 have been nonetheless investing, and entrepreneurs have been nonetheless recruiting.
We get to fulfill 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 short abstract of the entire contributors’ lives and all the pieces. That’s till the producers inform us that their “telephone rang another time.” An nameless contributor referred to as the present’s helpline and advised them that they have been too near discovering Dr. Ruja to give up. He confirmed that she’s in Frankfurt, appears 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 larger than what folks thought. So when different folks obtained to know that it’s preventing 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 residing in:
“Perhaps above all, Dr. Ruja understood an much more tough reality. That the distinction between an easy rip-off and the sophisticated however authorized world of finance and cash isn’t as clear lower as we expect. OneCoin wouldn’t be attainable except we lived at a time when folks actually do make thousands and thousands just by betting on cryptocurrencies, sophisticated derivatives, and high-frequency foreign money 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, nevertheless it doesn’t matter as a result of the thought Satoshi unleashed of monetary freedom by way of expertise is larger than one particular person. Dr. Ruja is the inverse Satoshi.
She stands for one thing too, one thing that’s extra essential than the place she is. She represents the darkish aspect of speedy technological change. Each new expertise creates superb alternatives and potentialities for individuals who perceive it, but in addition the prospect to take advantage of the individuals who don’t.”
BTC value chart for 12/20/2022 on Coinbase | Supply: BTC/USD on TradingView.com
Further Materials about Uganda:
Six years in the past, our sister website Bitcoinist talked about Uganda in relation to OneCoin whereas denouncing the challenge as a rip-off:
“OneCoin in the meantime continues to make alarm bells ring all through the world. Most just lately 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 similar to Bitcoin.”
In a while, Bitcoinist pulled no punches whereas discussing the DealShaker market:
“Not too long ago, a web based “market” appeared providing services and products in change for OneCoins, which Bitcoinist advises readers to not use beneath any circumstances.
On the similar time, OneCoin’s on-line web site, which poses as an ‘change,’ has lastly gone offline presumably suggesting that the rip-off is nearing its endpoint.”
Episode Credit
Presenter: Jamie Bartlett
Producer: Georgia Catt
Story advisor: 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. 07 – https://newsbtc.com/crypto/ep07-moneyland-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/
Featured Picture: The Lacking Cryptoqueen's emblem by the BBC | Charts by TradingView
