Quote from: bbc.reporter on October 05, 2016, 06:42:45 AM

I have never heard of onecoin until this recent development involving the regulators. This is bad for the cryptocoin projects that really want to create something. Now they too will also be in the radar of the regulators. Anything that they do not want to see will disrupt and halt all the work that was started in a project.

For example the regulators come after Ethereum or something like litecoin. How will that look for everyone in the cryptosphere.

Well, Onecoin is a Ponzi scam and the authorities are right to go after them if they are breaking laws in these countries jurisdictions. If Ethereum and Litecoin did the same then it would be fair game to investigate them too.

Quote from: European Central Bank on October 05, 2016, 09:14:59 AM

--cut--

I think the authorities are more interested in the fact that onecoin is relieving people of their money than anything else. it's great that they're centralized too. that'll make it easier to prosecute.

Yep, turn off their one server and Onecoin is no more.