The Missing Crypto Queen - Jamie Bartlett
ISBN: 978-0753559581
This is an overwhelming story of an ex-McKinsey Consultant who
executed, what could have been biggest scam ever, selling the concept of
getting in early and becoming rich to a product that just didn’t exist - a block
chain is miles away from a centralised SQL Database
As someone who has a genuine interest in distributed ledger technology,
cryptocurrency and the hype around the narrative which promotes a replacement
of traditional currency to a single independent global digital currency.
In my opinion it
would have been great to move the first paragraph on p148 to earlier in the
book i.e.,’’ One -Coin was technically three different scams rolled into
one.” A Ponzi Scheme, Pyramid Scheme, and a fake cryptocurrency
Page 35 for me highlighted a key aspect in that “Ruja
instead contracted a Bulgarian IT firm, who in turn outsourced some of the work
to some Indian developers, who ’forked’ the original Bitcoin Blockchain (in
other words) copied it and added a few tweaks to make it their own)”.
It was interesting to read in chapter 8 that OneCoin had a
‘trio of Christian promoters’ and ‘OneCoin’s Sharia -compliant certificate’ –
how is was that even possible for what in essence was a promotion of a get rich
scheme? maybe it was that constant thread of the fear of missing out (FOMO) or
just pure greed that sucked people into the scam
I found chapter 33/4 a bit disappointing where the author presents
a few guesses to where Ruja could be - using “It’s possible “and “One
tantalising possibility” which were annoying (Hence 2 thumbs)
I would recommend reading this book as it tells a great
story which is not yet over.
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