Category Archives: society

Why OneCoin? A Cryptocurrency Analysis

In March 2016 I received an invitation from my cousin Dolly in Austria introducing me to the world of cryptocurrency. Back then I merely know BitCoin (in short, I didn’t buy it in 2009). So my cousin shared some information about cryptocurrency and the product that she endorses – OneCoin.

At first, we were reluctant to buy in any cryptocurrency but then again, who knows, this industry seems to be worthwhile looking into. So, my husband Gnex and I, discussed and decided to give it a try. Few months after, I was approached by few friends to join the cryptocurrencies they endorsed. Somehow it made me realized that cryptocurrency industry seem to be gaining momentum and I only have a tad knowledge about it. So I decided to study what cryptocurrency is all about and how it can help or probably change the future of finance. I studied various cryptocurrencies in the market and that includes OneCoin. I’ve observed and studied other digital currencies and we decided to stick to OneCoin.

OneCoin is a cryptocurrency that uses blockchain technology. A blockchain technology is somewhat a digital ledger that uses hash algorithm requiring verification and recognition from the cluster of computers involved in identifying, approving and recording the transaction. Imagine yourself going to the bank and perform over the counter transactions. Before you start your banking transaction, the teller will need to verify your identification (it is called the Know Your Customer – KYC procedure) and your account number. Now, in digital cryptocurrency, you do not need the bank tellers or the bank, as long as you know your account, you can perform your financial transactions. The blockchain mechanism will perform the identification, hand-shake, approval and journal your completed financial transaction.

What are digital currencies used for?

Digital currencies or cryptocurrencies target markets are online payments, global remittances, and money transfers. Most of which deals with banking and financial services. There will be upcoming markets for cryptocurrencies, only if this method of payments will be accepted by merchants or probably banks.

                                                                            Online payments

There are ginormous digital currencies in the market. All of is which is lead by BitCoin. However, BitCoin itself still have some flaws such as anonymity. Combine with its high selling price, it’s not wise to put your money on BitCoin. In the end, consumers resorted to searching for alternatives.

I will not write about the shortcomings of other digital cryptocurrencies, this article will focus on my analysis of OneCoin using SWOT method to prove why OneCoin is worthwhile looking into. I’m not paid by OneCoin to blog, this article does not contain incites from the brand. I’m merely expressing my opinions and choose to share my understanding of the value proposition of OneCoin as a technology and OneLife as a company and why we’ve chosen OneCoin.

                                                                          Grow your coins

 

STRENGTHS

  • OneCoin creates value by educating its members. While the trading or OneCoin exchange is the buzz of the internet, OneLife’s offering is educational packages. OneLife’s goal is to educate the vast majority of humanity who have none or minimal knowledge about finance and trading. When you buy an education package, you will receive the corresponding number of tokens which you can trade or “mine” to get the cryptocurrency coin – OneCoin. I believed this is one of the company’s strengths as it gives the members the audacity to decide for themselves as to whether take higher risks or invest with a calculated risk involved.
  • OneCoin is a closed platform. Coming from an information technology (IT) background for 17 years, often dealing with projects, I often faced debates whether to choose an infrastructure of open source platform or that of the enterprise. Open platform has its own advantages I agree. However, my main concern for open platforms is that it is prone to code changes by the community. Simply put it, if it is an open platform, it is prone to abuse by the dubious folks from the web. Remember, cryptocurrency is all digital, it might be difficult to trace frauds in an open platform. You do not want the blockchain of your coins to be hacked and later find out your money has gone to waste. A closed platform indicates proprietary rights to the code involved in the blockchain. Having a closed proprietary code for blockchain protects the members from fraudulent transactions and hackers. It is easier to trace as OneCoin maintains its own codes.
  • Know Your Customer (KYC) is important. The digital currency industry still doesn’t appear to have regulatory controls. For us, know your customer (KYC) procedure is important. This is to protect the trading members from transacting with criminals, terrorists, and dark webs. If your digital currency of choice does not employ KYC procedure (completely anonymous), there’s a likelihood that you might get involved in dubious transactions. In OneCoin, you won’t be able to perform financial transactions without the company approving your KYC documents. In short, the company checks and verifies the identifications of its members. Therefore, the members’ financial transactions can be audited and regulatory compliance can be implemented.
  • Transaction Transparency. I am not sure how many cryptocurrencies do this, but OneCoin’s claim of embedding your KYC documents in the blockchain transaction is what I believed sets OneCoin above its competitors. Remember that cyber crimes keep on increasing through viruses, trojans, phishings, and malwares. Currently, another cyber crime emerged called RANSOMWARE. Ransomware happens when cyber criminals or hackers are able to access your computers and files when you click on email attachments or click on website links. When the cyber criminal or hacker is able to gain full control of your computer, tablet, or smartphone, you will receive a message asking for money or a fully anonymous cryptocurrency as a ransom. Pretty much like your computer or digital device has been kidnapped and you have to pay to ransom your critical data. This is not to smear the reputation of BitCoin but since BitCoin now have more vending machines (ATM), highly valued, and fully anonymous, it is the most wanted cryptocurrency by the cyber criminals, money launderers, and various sanctioned activities.
  • OneCoin’s promised of 120 billion coins. People would find this claim ridiculous and crazy. However, bear in the mind that the successful businesses started with ridiculous and crazy ideas. Cryptocurrencies and trading employ the law of supply and demand. Having more coins can indicate the company’s sustainability of providing more coins in the longer period of time. In this way, the value of the coins will not bubble and will not become volatile. It is still a caveat that there’s no guarantee. OneCoin’s success, in my opinion, will come from the hard work of the founder, the management, and the members.
  • OneCoin lets you build your direct selling business. The human behavior is to share what appears to be something valuable, isn’t it? If you are looking for business opportunity through direct selling (network marketing), OneLife provides bonuses through referrals. You can become OneLife’s Independent Marketing Associate (IMA). However, do note that being IMA is optional. Meaning, if you do not want to participate in the bonus schemes, you can sign up and buy the educational package excluding the IMA.
  • The Founder and CEO is visionary. The company’s strength and sustainability will come from the founder’s vision and the company’s mission. I have a little knowledge of Dr. Ruja Ignatova’s background, so I did a search of a worthy video to share in order to understand her visions of the company. Here’s her early interview from MLM News:

  • OneLife’s Corporate Social Responsibility. I believe in companies who gives back to society. OneLife has its social arm in doing charities to the needy communities.

 

WEAKNESS

  • OneCoin is accused of a SCAM and a Ponzi Scheme in the internet.  Search OneCoin over the internet (regardless of search-engine) and the first couple of result lines are headed as OneCoin is a scam. Next, it is a Ponzi scheme. Now, remember that Ponzi schemes and scams refer to the non-delivery of promised product or service(s). When you put your money in OneCoin, what you’re buying are the educational package(s) and not the tokens or coins. The IMAs are selling the said educational packages, or OneTablet (Digital device). If the IMA sells you the tokens or coins, it violates the IMA terms and conditions. If you feel that OneCoin was misrepresented, you can file your complaint by sending an email correspondence to support@onecoin.eu so an investigation can be done. OneLife as direct selling company has thousands (or probably millions) of IMAs. Therefore, it is pretty important to know your IMA before signing up. Remember, your IMA will be your future business partner should you decide to become an IMA when signing up with OneCoin.
  • OneCoin is a fairly new company. The company is less than 2 years old as of this writing. However, OneLife’s member is more than 2 million in numbers (according to OneLife’s website). Definitely, there’s a risk when you join OneLife considering the age of the company, but having more than 2 million members somehow signals guarantee that OneLife will stay in the business for a longer time. How long? No one can guarantee you that. It is of utmost important that you understand the risk when joining or supporting a business regardless of which kind.
  • OneCoin’s Main Headquarter is in Sofia, Bulgaria. Yup, it is in Europe, particularly in Russia. They are in different timezone compared to us in Asia. OneLife has 2 more offices – Hong Kong and Dubai. In my opinion, it is a good move by the company to ensure the members the company’s presence in Asia and the Middle East. You have to ask your IMA for OneLife’s countries of operations. If you belong to a country where OneLife doesn’t have operations, it is always advisable to take caution as there may not be consumer protection in my opinion.
  • OneCoin is only traded in OneCoin Exchange. In my opinion, this is a weakness but it’s also a strength. I’m guessing the reason behind OneCoin not present in the public exchanges is to avoid the bubble in the coin value. Law of supply and demand: The lesser the supply, the greater the demand. It’s pretty much what happened to BitCoin. At some point, BitCoin value reached US 1000+. It bubbled up, it also bubbled down. If you’re going to check the cryptocurrency exchanges, there’s a big gap between the price of BitCoin and the rest of the digital coins. It creates challenges to the lower valued coins. If you buy a digital coin of US 0.10 value, what’s the probability that the value will rise? And for how long? OneLife has a different vision in my opinion. A company with long term vision does not need to hurry to be traded publicly. In my opinion, OneLife as a company aims to be in the business in the longer term.

 

OPPORTUNITIES

  • More offerings from OneLife. OneLife’s offering started with educational packages. Then followed by OneTablet. The company signals more business opportunity and a larger platform. We will have to wait and see what are OneLife’s future offerings and acquisitions. It is important for the members to keep abreast with the company news and updates. You can check with your business partners for more information. You are also advised to subscribe to OneLife’s YouTube channel to listen and understand where the company is heading.

 

THREATS

  • More and more cryptocurrencies and business models.  It is definite that more and more cryptocurrencies will emerge. It’s good news for consumers, it means more choices. Different business models such as direct selling (network marketing) will also come up with efforts to boost up the revenue of the other 600+ cryptocurrencies of lower value than BitCoin. Middle companies whose aims are to sell various coins will come into play as well. If you’re a current IMA or contemplating of signing up as one, I recommend that you read the terms and conditions of OneLife. Avoid the scenario of “conflict of interest”. OneLife takes serious actions on IMAs involved in such mentioned activities.

 

LAST WORDS

Some advisory;

  1. Before joining any direct selling business, it is important that you understand the product. This is to avoid mistakes in the future when for some reason you change your mind. Check as well, if there are “cooling period”. Cooling period is the number of days that you can decide to cancel your subscription or purchase(s) without incurring penalty.

  2. It is the IMA’s responsibility to respond to your queries. If you have some questions, list it beforehand and get clarifications before signing up.

  3. When purchasing an educational package, ensure that you have made calculated risk. Meaning, only buy the educational package that you can afford to loose.

  4. Being involved in cryptocurrency business, the risk can be considered high. As always take caution in deciding the level of risk that you want to make.

  5. It is important not to join in haste. OneCoin maybe a good news but remember to evaluate whether you need cryptocurrency in your current and future affairs. If you’re spiritual type of person, I recommend that you pray about it first before giving it a yes.

     

A great news!

OneCoin is currently on bonus mode. The coins that you received including the coins that you are still waiting, will be doubled this coming October 1st 2016! Also, when you place your tokens into mining before October 1st, the expected number of coins will doubled too! We feel this is something you want to check into.

My husband is a registered IMA. You can sign up for free without obligation (no credit card information needed). You will only need to pay when you want to activate your account to receive your educational package access and its corresponding tokens.

Click here to sign up free and understand more of OneCoin before fully deciding to join.

 

Til next time. Au revoir.

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Prelude to EL Hannora Thrift Shop

Commit to the Lord whatever you do and He will establish your plans.  Proverbs 16:3 NIV

The first 2-years of marriage, me and my husband Gnex like many married couples have undergone transformations and adjustments. Meaning, we realized our differences in attitudes, way of doing things, careers, outlooks, and a long list… leading to lots of fights.

We’re grateful for our friends, family, and our brothers and sisters from Moriah AG who constantly include us in their daily prayers, being there when we needed a breather.

In the end we realized that… putting God in the center of our marriage is the only way to make things work.

One time, while I was in Kuala Lumpur for business, I’ve asked my mentor and also my business partner how he and his wife made their marriage work? They’re married for 20+ years; there are still fights yet they’re still together.

I wondered and asked myself

“Don’t they get tired?”

And so I got curious how did my mentor made things work.

And he told me this:

“In marriage, you have to accept that both of you are different. You cannot drag your husband to all the things that you want and he cannot drag you to all his ways. It’s a matter of keeping both of your identities. In time, the crazy love that both of you feel while dating leading to marriage will wear off. Both of you will need space to keep identities. You will soon realized that being married – the love and excitement will soon wear off; the gap between the two of you will grow bigger. You have to find that common ground that both of you enjoy. Nurture that common ground and it will hold your marriage. Always give respect with each other and both of you must always remember the boundaries. I believe that’s the essence of keeping the love alive in marriage. Always remember, when the boundaries are forgotten, the sense of respect will die; love will die; marriage will break, like a glass that’s very hard, close to impossible to repair.”

I was stunned.

My mentor is non-believer but at that time I felt that God himself was talking to me.

God will always be there when you need Him the most.

I reflected on what my mentor told me. I combined it with prayers until I received the message of opening a thrift shop dedicated to God. I told my husband about it. We discussed couple of times until I gained his support.

I asked my husband: “So, what would be the name of the thrift shop?”

My husband Gnex: “Since it will be dedicated to God, why not choose from this list.”

He iMessaged me the list of names God is being called. I looked at the long list of names and thought “Wow, God has tons of names – from Jewish, Greek, you name it. My eyes were growing tired.”

Until I saw the name “EL Hannora – it means awesome God.”

I told my husband, “the thrift shop will be called – EL Hannora Thrift Shop.”

Usually, in the business world, you have to first study the market and identify if there are demands. If there are no existing demand, you have to create the demand so you can create the market where you will get the competitive advantage.

In our case, we placed faith above all things. It’s when I understood what really faith is.

After we registered the business, it’s then I realized that God has guided me to use the tools and everything I learned in my study of MBA. My husband’s passion is motivations and preaching Christianity while my passion is business and arts.

EL Hannora thrift shop has become our common ground. When God provided us with our needs, we committed the thrift shop revenues to support charities across the globe.

Business startups has always been challenging. Even our faith based thrift shop were hit with challenges too. We received disheartening and unsupportive comments from fellow Christians. We came to a point that we wanted to give up.  But…

God will always be there when you need Him the most.

While we see our Christian brothers and sisters lack of belief and faith in us, we always remind ourselves that God has given His faith in us. Persevere no matter how tough it is.

We changed our business model. And business started to flow in. We bowed our heads and followed what we believe God is leading us to.

Right now, EL Hannora thrift shop is still thriving. We will continue to persevere. Last 2014, EL Hannora Thrift Shop revenues helped couple of outreach programs in Philippines.

My husband is always supportive of me. And I’m always grateful to God for him. While I searched for that common ground for me and my husband, God made it as a tool for us to discover ourselves, taught us patience, perseverance, hope, faith, and love – the tool for us to reach out to our brothers and sisters regardless of whether they’re Christian or not.

In my next articles, I will be writing The Joy of Giving which will be written in few parts. It will describe how EL Hannora Thrift Shop see the joys and smiles of different people in the times of giving.

Thank you to our resellers and buyers, who supported us all through out the journey. We will always be grateful for your support and hard work.

Til next time. Au revoir.

 

Photoblog: The bushes of God’s revelation, Dhofar Oman

Exposure: 1/500 sec. F/11. Focal 70mm. ISO 400. Title: “The bushes of God’s revelation.” Dhofar, Oman. December 2010.

While growing up back home, I always watch the Ten Commandments movie during the Lenten season whilst there’s no TV channel broadcast – no shows, except for the Ten Commandments and the Life of Jesus of Nazareth.

The story of Ten Commandments always starts with Moses and God’s revelation. In this time, God revealed and spoken to Moses through the burning bush.

“I AM THAT I AM.”

Such powerful words that have always been taught during my religion and theology classes in school – from primary school until my university days. However one thing I won’t forget is that bush – that variety of plant imprinted in my mind and prayed that one day I would see that.

Having lived in the slum of Cebu and the slum of Manila, I’d never imagined settling overseas with a wonderful Christian husband let alone travel to couple of continents including the Middle East. When I reached Oman in 2010, the first glimpse of the country made me felt I was in the movie. And the wind blows my hair and my cheeks relived my childhood days of watching the Ten Commandments, Exodus, and Jesus of Nazareth.

I never realized my prayer when I was a child would be answered. After almost 30 years it does. God, truly answers prayers.

My road trip experiences combined with watching the sunset beside the beach in Oman with my eldest brother together with friends made me appreciate to be at peace with nature, with life, and with God.

And the picture of the bushes above will keep as a reminder that the true and ever living God exists. Ask the 2 Billion Christians across the globe and you will hear different testimonies and acclamations about God and our Lord God Jesus Christ.

If you’re looking for a church in Singapore, me and husband cordially invite you to visit Moriah Assembly of God at Vivo City Cinema Hall every Sunday at 10AM. See you around brothers and sisters.

In Christ.

Photoblog: Henderson Waves

Singapore may be a small dot in globe but there are tourist attractions in this country built though the creativity of talents.

One of them is Henderson Waves.

Henderson Waves is one of the attractions that shouldn’t be missed by photo lovers. It is one of the bridges connecting Telok Blangah, Henderson Road, and Mount Faber.

When going there at night, you can capture a glimpse of Singapore city lights.

Just don’t forget your tripod!

DSC_0523Exposure: 1/8 sec. F/4.2. Focal 62mm. ISO 1600. Nikon D200. Title: Henderson Waves, Singapore. 2010.

Til next time. Au revoir.

Life Or Death Or Exodus: Christians at the Middle East

A call to public!

A benevolent tears from fellow Christians!

A call for prayers.

 

When me and my husband were on our way back to Singapore from my Penang consulting assignment, I decided to get a Time magazine for April 21, 2014 issue. In the flight I was digesting the reason why I bought the magazine:

                                                                          Credits: Time Magazine: http://www.time.com

 I immediately flicked my fingers to the article that caught my attention. And sure enough, I can’t help not to be teary when I started to read the article. Our Christian brothers and sisters in northern Syria are on utmost distress. Faith, which is supposed to give comfort to the human soul are now tormenting them. For them, being a Christian would require paying 650 Syrian pounds as protection (Baker 2014). It can only be equivalent to USD 4, but when there is no stable economic resources, even this can be tantamount to huge amount for people living in the war zone. If they cannot pay, it can only mean conversion to Islam or face the consequences through the sword (Ibid.). While a number of Christian population have fled the region, those who were left behind are facing the fear of giving their lives or an ‘exodus’ of their faith when the economic tides are low. I often ponder,

Just how deep is our Christian faith that we’re willing to give our lives and die for Christianity?

How far would you go?

photo 1                                                                      Credits: Time Magazine: http://www.time.com

Here’s a call for prayers. A call for all denominations of Christianity. Roman Catholics. Eastern and Oriental Orthodox. Protestants. Anglicans. Pentecostals. Independent Churches. And all other denominations that I haven’t name due to my limited knowledge of Christian study and history.

Let’s pray for our Syrian Christian brothers and sisters. Let’s pray for all our brothers and sisters in the Middle East facing the crossroads of retaining their lives or die in the name of our Lord Jesus Christ. That God would defend them from the hands of corrupt Muslims and Islam extremist.

Islam is a religion of peace. It’s only when human take matters into their hands through a twisted ideology and hunger for power comes the extreme group which aims to justify the use of violent Jihad. Requesting our Muslim friends to help us pray that Christian lives in Syria would be spared from monetary obligations and tyranny.

 

Reference article from Time Magazine dated April 21, 2014 – Unholy Choices by Aryn Baker.

 

Til next time.

Au revoir.

 

 

 

 

Walk by Faith. Walk by Moriah.

We often wondered the existence of God.

How spiritual are we?

How can our emotions linked to our spirituality?

Why is it that positive people have the most fruits and happiness? While the opposite lives on angst and depression?

Why does our decision and judgement affects not only our lives but also of others?

Why do our lives intertwine?

Like a child, we asked humongous questions until we see ourselves in that breaking-free ultimate question,

WHAT IS OUR PURPOSE?

At first, I thought of correlating faith with Maslow’s Hierarchy of needs. And that religion will only play role on a person’s love and belonging, self-esteem, and self-actualization phases of life. Until I proven myself wrong.

In this walk of journey I’ve seen a lot of wealthy, career, and successful business people who still feels empty. Some achieved success in their younger years; while others passed their mid-life and still on ‘catch 22’ in building their dreams. While the irony of all is that people living below the middle-class possess more happiness. They are more grateful for small gestures that they receive.

One thing we can’t deny is the linkage of spirituality to God’s existence. Happy people at most keep constantly thanking God for all the blessing He bestowed upon them. While struggling people still awaits for their experience with God. Waiting that God will awe them in wonders. While others does not believe in God’s existence.

Interestingly, Pew Research Center on Religion reported approximately 84% of the world’s population in 2010 believes in God based on their religious affiliations. The remaining population on the other hand have either neglect the idea that there is God and others have decided to abandon the notion and turn up to irreligion.

One admiration I have for Singapore is the freedom to express religion or faith due to its cultural diversity. Here in Singapore the common religions are: Christians, Muslim, Hindu, and Buddhist. On another perspective it attracts the foreigners – immigrants mentality to move to a country where their religion is openly spoken. It gives them the sense of belonging.

I started attending Moriah Assembly of God (one of the Christian churches of Singapore) early 2012 while me and husband were still dating. A small community of Christians where the walk of faith is rather intimate. The community knows each other and the essence of  caregroups give more intimacy to the faith. My husband and I believes we all belong to a church. It’s just a matter of time to find your church. And we both felt it; we both belong to Moriah.

With our busy schedules, we do our best to attend the church service; caregroup, and other means of fellowships. Needless to say, Moriah church played a big role to our marriage and now our married life. I reborn my Christian faith in Moriah; and during our wedding ceremony, our Moriah family helped us and our Pastor Simon officiated our wedding.

As we grow, age, and continue our walk of life, we need a church. We need a church family that will walk with us in growing our faith and experience God in our lives. Experience God, experience Jesus, experience the Holy Spirit.

Last June 2013 I attended my very first church camp through Moriah in Phuket Thailand. With God’s financial blessings, me and my husband able to listen and further grown our faith through the church.

Our Moriah family. Church camp 2013 in Phuket, Thailand

My husband with our youth Amanda

While the kids were busy admiring the beauty of nature..

The camp is very active.

And the kids are attentive to the game masters..

We were divided to teams where camaraderie starts to kick in!

Excellent service! Where we held our camp…

Our Moriah Youths graced us with their talents for dancing…

The fun and laughter where all generation gaps were forgotten..

And here’s another one..

Our youths happy faces..

A game is a competition regardless of age.. Uncle Alan showing off with his moves..

The church camp may have last only for few days but what we’ve learned and experienced was a leap of faith. Science cannot disprove God’s existence. The more we resist spirituality, the more unhappy we become.

Leading back to our question, What is your purpose in life? It’s simply being happy. But we dragged ourselves in societal norms and rat-race competition that we wined up living a complicated and overstretch life. We forget to appreciate the beauty of nature and the people surrounding us. We stopped growing personally and spiritually.

If you want to be happy, start putting smile in your face when you wake up each morning. Paired it up with a silent gesture of giving ‘Thanks!’. I always believe that we could have just died in our sleep but God gave us another morning to be with our loved ones. Accept that you cannot control life and you need God to be with you. If you have a Christian friend whom you have constantly rejected the invitation, why not give it a chance?

If you’re a fellow Christian and feels hungry for God’s words, you can always open your stashed and dusty Bible in your home. Alternatively, through smart phones, electronic Bible are in various digital application stores –> the word of God is always within reach.

As for me and my husband, our faith, like our lives… is a constant journey. We’re walking by faith. And we’re walking by Moriah.

As we wanted to share it to everyone, if you feel the need to be connected to a church, feel free to join us in our worship every Sunday in Golden Village Cinema, Vivo City, Harbourfront Singapore from 10AM – 12PM.

Til next time. Au revoir.