#Blocktalk - Onecoin/OneLife w Tim Tayshun and Chris Derose

## #Blocktalk - Onecoin/OneLife (2016-08-28) Summary

This episode of #Blocktalk features a deep dive into the fraudulent cryptocurrency OneCoin/OneLife, with panelists Chris Derose and Tim Tayshun sharing their experience infiltrating a OneCoin event.

Main Topics:

• Sponsor shout-outs (Coin-a-G, Block Market, Point.me)
• Undercover observation of a OneCoin event and presentation tactics
• Analysis of the OneCoin attendee demographic (primarily elderly and financially vulnerable)
• OneCoin's suspicious practices and potential Ponzi scheme structure
• Discussion of key promoters in the US and Canada
• Examination of OneCoin's founder, Ruja Ignatova ("Big Mama"), and the scheme's inconsistencies

Key Quotes:

• (Not provided in the extracts)
• (Not provided in the extracts)
• (Not provided in the extracts)

People Mentioned:

• Tim Tayshun
• Chris Derose
• Ruja Ignatova ("Big Mama")
• Tom McMurrayn
• Ken LeBean
• Carl Wilts
• Dante
• Art

Bitcoin Price: Not mentioned.

The hosts observed manipulative tactics, including religious references and planted audience members, to encourage investment. They noted a demographic shift from typical Bitcoin meetups, with a higher proportion of minorities and individuals facing financial hardship. Tim Tayshun's research revealed OneCoin initially rejected cryptocurrency, later accepting Bitcoin after facing financial difficulties and asset seizures in China ($45.7 million). Promoters like Tom McMurrayn and Ken LeBean are accused of violating SEC laws. The episode concludes with a discussion of OneCoin's founder and the scheme's illogical aspects, including a fabricated coin supply and a downline recruitment focus. A video documenting the hosts' questioning at the event is available on YouTube.