ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Ley Your Dreams Come Alive – With FCMB Loans
Home Opinion

Wealth creation through cryptocurrency 

31st October 2016
in Opinion
0
Wealth creation through cryptocurrency 
52
SHARES
169
VIEWS
Share on FacebookShare on Twitter

By Cosmas Odoemena

Cryptocurrency is a medium of exchange that uses what is called cryptography to execute. Cryptocurrencies are classed as alternative currencies, or digital monies compared to fiat money or paper money.

In 2008, in a landmark paper, a Japanese, Satoshi Nakamoto, said he could make secure transactions or send money across to someone without a bank as an intermediary. That bank charges were often too high. People thought it was not possible. So, in 2009 he developed Bitcoin. It was the first decentralized  cryptocurrency. Skeptics called it a scam. But it was working. Those skeptics watched Bitcoin rise in value from 0.1 cents to more than 1000 dollars in two years. Bitcoin was a success to say the least. Today there are more than 600 cryptocurrencies, or altcoins as an alternative to Bitcoin. Cryptocurrencies use blockchains or distributed ledgers to do transactions. The blockchain is like the internet for cryptocurrency.

Are you a Man 40 yrs and above? Do not miss the Vital Information, it goes off in 2 days! CLICH HERE to READ .

The coins are created through a process called mining, just like mining gold. There is a mathematical algorithm involved. But Bitcoin had some problems. It was like a cult thing. Since it was born in 2009 there are just 250,000 people. It was not accessible to everyone.  Also, it required sophisticated software to mine and you had to be technologically savvy. Bitcoin transactions were anonymous, which means you don’t know who is doing the transactions. So, it can be used to finance terrorism. So, it could not be integrated into today’s financial system.

Dr Ruja Ignatova, a Bulgarian, was a consultant to many cryptocurrency companies and one of those who advised Bitcoin. She suggested a change in all these things. But Bitcoin would not change. Dr Ignatova also realized that not only were the cryptocurrencies too complicated, they were not easily accessible to everyone, especially the unbanked.

So, to bring about these things in cryptocurrency, Dr Ignatova, developed the OneCoin concept, and in October 2014 founded OneCoin with a vision to make it the preferred cryptocurrency, and the future of payments. The value of the coin depends on factors such as usability, demand and supply. OneCoin will be widely used worldwide in online transactions, e-Wallet payment and MasterCard debit cards. Members who mine tokens are licensed to operate as merchants.

Earn in US Dollars weekly by trading in US Stock options from companies like Apple, Facebook, Twitter, Amazon, Tesla, etc. Weekly earnings paid directly to your bank account. Click here to learn more .

Dr Ignatova holds a Ph.D. in Law, as well as M. Jur, which she got from the University of Oxford and a Masters Degree in Law and Economics from the University of Konstanz. She is a former associate partner with McKinsey & Company. Her statement that Bitcoin will soon be history did not go down with them. So, somehow there has been smear campaign against her even calling her a witch and a scammer. But, to her advantage, the vision is even bigger than her, and bigger than any detractor.

With OneCoin, investors buy into a package that teaches them about cryptocurrency, gold and investment of the future. Each package gives you  tokens or shares which are used to mine coins in the OneCoin exchange. Coins can be sold when you think your investment has appreciated.

Premature Ejaculation & "Small Joystick" Resolved in 7Days... Click Here For Details .

OneCoin caters to every level. You can come in as an individual or a corporate entity. Many merchants are now part of OneCoin.

It has a social media site already and it is being planned to give Facebook and the rest a good run for their money. It also sells tablets, and has a Mobile App Builder M.A.B, so anyone can develop their apps, especially for Small and Medium Scale Enterprises, SMEs.  OneCoin is now the fastest growing network found in the world, as well as the fastest growing brand.

100% Natural Herbs to Finally End Premature Ejaculation, Weak Erection and Small Manhood. >>>Click Here for Details<<< .

OneCoin is the investment aspect, and has now been separated from the network marketing aspect, which is now called OneLife. The network aspect is optional, in form of a referral bonus, mainly done to drive the market, and it is paying off. OneCoin has 2.5 million people and still counting, even very fast. People join per seconds. No serious business will joke with that potential market.

In 2018, OneCoin will go public in the New York Stock Exchange, I believe, and it may be difficult to get in. Now it is like a penny stock.

More information can be gotten from these sites. https://www.onecoin.eu/en/ https://www.onelife.eu/signup/mediatrix

Incidentally, the person who taught me the business was taught at Masters level by Dr Ignatova at the London Business School. He said she is a brilliant woman who can hold her own anywhere. He said even if you were the CEO of Microsoft, if you were late to her lecture, you either stand up or stay outside.

And he told us: “I am yet to see a legitimate business in my 13 years as a Business Development Consultant that pays me £1500 weekly,” under 5 months, and the earning still rising.

With unemployment on the rise in Nigeria, jobless people and the youth can get involved in it and earn referral bonus at the least, as there is a free rookie account. Time spent online discussing non-beneficial things can be used to make business connections. To learn the business is easy.

Dr Odoemena writes via [email protected]

 

sunnews

sunnews

Related Posts

Opinion

Sokoto and the siege of stones

20th May 2022
The economy and social investment programme
Columns

2023 and quality of aspirants

20th May 2022
Opinion

From chibok girls to deborah samuel: any lessons learnt?

19th May 2022
Next Post
Rumble in the president’s house

Aso House of Demons

NOC’s sports management course kicks off

NOC’s sports management course kicks off

I was never involved in any miracle scam, Bishop Esezebor reiterated

I was never involved in any miracle scam, Bishop Esezebor reiterated

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Highlights

PDP primaries: Peter Obi under pressure to step down- Doyin Okupe

Breaking: IPOB blows hot,ask Ohanaeze,Iwuanyanwu, Archbishop Obinna to intervene in Imo insecurity 

Ekiti hands over Ire clay products factory to core investor

Nigerian Navy Warship NNS KADA arrives Luanda

With Juice and Vibe, the wait is over for my fans – Skinny South Boy

I’ve divine call to be a voice for kids –Bigger Ibekwe, gospel singer

Trending

Armed Banditry: N’East, N’Central govs agree on joint security measures to tackle armed bandits
National

Focus on securing S’East, Northern Elders tell Ohanaeze Ndigbo

20th May 2022
0

From Okwe Obi, Abuja Northern Elders Forum (NEF), has advised Igbo socio-cultural group, Ohanaeze Ndigbo to channel...

PDP candidate wins Delta Assembly by-election

2023: Kogi PDP stalwart, Idris urges delegates on rancour-free primaries 

20th May 2022
Auto Draft

2023: I have no political rift with Lalong-Plateau South Senator, Prof Dadu’ut

20th May 2022
Insecurity getting worse, very worrisome – Obi

PDP primaries: Peter Obi under pressure to step down- Doyin Okupe

20th May 2022
Biafra Day: 88 countries, territories to partake in rallies, prayers worldwide – Powerful 

Breaking: IPOB blows hot,ask Ohanaeze,Iwuanyanwu, Archbishop Obinna to intervene in Imo insecurity 

20th May 2022

Follow us on social media:

Latest News

  • Focus on securing S’East, Northern Elders tell Ohanaeze Ndigbo
  • 2023: Kogi PDP stalwart, Idris urges delegates on rancour-free primaries 
  • 2023: I have no political rift with Lalong-Plateau South Senator, Prof Dadu’ut
  • PDP primaries: Peter Obi under pressure to step down- Doyin Okupe
  • Breaking: IPOB blows hot,ask Ohanaeze,Iwuanyanwu, Archbishop Obinna to intervene in Imo insecurity 
  • Ekiti hands over Ire clay products factory to core investor
  • Nigerian Navy Warship NNS KADA arrives Luanda
  • With Juice and Vibe, the wait is over for my fans – Skinny South Boy
  • I’ve divine call to be a voice for kids –Bigger Ibekwe, gospel singer
  • Mobo Game Jam’s winners get cash, laptops
  • KekeAds ’ll play vital role in 2023 election -Esona
  • Arik Air, Aero Contractors battle for survival
  • $200bn investments needed to access clean cooking gas by 2030 –Sylva
  • Customs remodels VIN valuation system to capture accidented vehicles, depreciation in value
  • Seplat shareholders celebrate retiring ABC Orjiako after 13-year tenure
  • West Africa automative show delights organisers 
  • BPE, Correctional Service to develop ranches in Imo, Kano, Sokoto
  • NGX capitalisation, ASI rebound 1.05%
  • Actionaid proffers solutions to Nigeria’s food crisis
  • Polaris Bank, LSETF launch N1bn fund to empower artisans in Lagos

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Posting....