Seeking clarity on TBC’s legitimacy? Rest assured, this article will provide comprehensive insights.
I first learned about TBC about two months after its launch in 2016. Since then I have reviewed and followed it to this recent 2020 update
The truth is that The Billion Coin (TBC) is a scam. Sorry if I hurt your feelings in the beginning by being so blunt. However, I will present all the facts so that you can judge for yourself.
Let’s Dive right in.
How I Learnt about TBC
I heard about The Billion Coin (TBC) in 2016 when a friend of mine who went for a seminar (here in Nigeria) told me about it.
I lent him N10,000 to buy 3 TBC. The price of 1 TBC then was about N3,000 ~ $8.
I did not buy it because I could not understand how this Cryptocurrency could continuously increase in price for no reason. Unlike other currencies, its value is not determined by supply and demand.
Back to my friend,
It’s about 4 years now and he is still stuck with the coin. Even though it’s stated on the official TBC website that 1TBC = 105BTC, my friend has not found a way to exchange it for any other crypto coin, fiat money, goods, or service.
He is a millionaire but only on the TBC website.
The above should be enough info on the legitimacy of the TBC. However, I want to dig deeper… in this order.
- What is TBC?
- TBC official websites
- How does it work?
- The Billion Coin Exchanges
- TBC Admin Fee Scam
- The Billion Coin in Uganda
- FAQ
- Conclusion
You can click on any of the subjects above to go straight to the section
1. What is TBC?
This is a cryptocurrency that was created to allegedly end poverty globally and bring a sort of balance between the poor and the rich.
It was launched with an initial price of 0.001 Euros per TBC in March 2016.
The Creators are not known, the only name tagged to it is an unknown Kris Kringle who is the admin.
“Kringle” is the smallest Unit of TBC such as the cent is to dollar and Satoshi to Bitcoin.
The coin is said to be decentralized, but it has been reported that members’ accounts have been indiscriminately suspended.
2. What are the official websites of The Billion Coin?
The Billion Coin has about six official websites.
- thebillioncoin.org
- thebillioncoin.INFO
- thebilliocoin.ph
- thebillioncoin.trade
- kringle.cash
- TBC004.net
Note that these sites are not secure while some no longer work.
3. How Does it Work (Principle of The Billion Coin)
The Billion coin uses a software formula that measures the growth of its verified members and hence compensates the growth adequately.
What this simply does is multiply the total number of verified users by 1 Euro.
let’s say the number of verified users = 1 million.
Thus, the price of 1 TBC = 1 million X 1 Euro = 1 million Euros
It is also stated that the price of TBC grows by 1% – 5% daily.
The logic above is clearly devoid of market forces and defies any financial logic.
The question is who formulated it and why are people buying into the idea?
4.The Billion Coin Exchanges
None
Yeah, None…
There is no exchange anywhere for TBC. Even though TBC is alleged to be worth 105BTC, if you have it, you are stuck with it. Which logically places the true value at zero.
It is not listed on Coin Market Cap or the world Coin Index.
The only way to exchange your TBC is to lure someone else to the scam and directly sell the coin to him/her.
5.The Billion Coin Admin Fee Scam
One of TBC’s claims is to make a billion people millionaires but it seems, in reality, its mission is to scam a billion people.
Besides selling worthless coins to unsuspecting individuals, especially in developing countries. The TBC admin devised more ways to cash in on members.
One of the ways is the locking of members’ coins. They promised members that TBC will soon hit the exchange. Thus $10 admin fee in BTC is required to unlock the coins.
Your guess is correct… lots of people paid the fee…. Yes, their coins were unlocked… Yes, the exchange promises were lies.
The question is; why did these persons pay? Why didn’t they ask why they have to pay in BTC and not TBC?
6. The Billion Coin in Uganda
The Billion coin in its inception was popular in Nigeria and the Philippines majorly because of its population and recession at the time. Its next big market was Uganda.
In Uganda,
- They claimed to have an investment scheme where members can get a monthly return. Then encourage members to invite their friends to earn more.
- To receive your return on investment, you will have to create a TBC wallet and Pay admin fees. Member did this but did not get paid
- …But they were not done scamming members… they told members that they have started a new project in Gold mining…. That members have to pay for the project to recover all their fund.
The truth is that if you don’t count your losses and walk away, TBC Admins will find more ways to scam you.
They often cite Nigeria as a success case. That there are stores that accept TBC in Nigeria for the exchange of goods and services.
I am in Nigeria, and I can tell you that it is a big lie. Nigerians that fell for TBC scammed have counted their losses and moved on.
7. Frequently Asked Question (FAQ)
The true current Price of TBC is $0. It is worthless
No store accepts TBC. Those who claim to have spent TBC in stores are lying, they cannot provide proof.
I believe that you know the answer to this question by Now.
TBC – The Billion Coin is a scam keep off, if you are already involved, do not pay more money to the admin.
I believe you know the principle of demand and supply, i.e when the demand for a commodity goes high it is only natural that its price goes high too.
TBC goes high irrespective of the demand. It only cares about people registering and tries to enforce its membership agreement on people. That is extortion. Please be guided, do not fall a victim to this.
Also, the admin is in charge of your worthless TBC, they can take it away from you at any time. At the end of this whole thing, Kringle (the admins) is the only one in profit.
I believe most people that hold TBC know deep down inside know that TBC is one big scam although they pray and hope it magically becomes valuable.
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8. My Conclusion on The Billion Coin
That brings us to the end of the review,
What’s your thought on TBC,
Did you fall prey or do you intend to buy it?
Maybe you have a question or contribution.
Let me know right away in the comment section.
Cheers.
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To start with Tbc is a new Idea created it might and might not work. We are all taking a risk I invested close to a million naira in Tbc am not regretting it. I did that to other coins they all falls in price I still don’t regret it. I have more than 3.000,000 naira in crypto which falls to about 300,000 naira . I invested more than 5,000,000 naira in Stock which falls to about 250,000. Take a risk you can bear …also take a calculated risk, As long as I can buy liquor worth of 1,000,000 naira a year which does not have anything good for the body than to destroy it. Please let think and be wise. Invest token in lies cos you will gain it later. Thanks
Please share the current status of TBC
What is the current status?
Where to cash out the TBC?
I wanted to respond to those castigating TBC one after the other but let me leave a word for you all.
TBC is a non government driven decentralized digital currency own by a community ( group of people ) They accepted to trade with TB Coins backed up by a private Agreement that they will never let the price of the coin go down in value and for every new person’s that joins the community adds value to ( TBCOIN ). It’s simply related to demand and supply and I know you would ask How? The reason why other coins falls and raises up its when people buys much into them and when demands reduces it strength the coins loses it’s value as well. They are driven by the government ( CMC Coin Market Cap ) under the elites, and of course nothing good comes from the elites because their plans is to chipped human with RFID. Anyone that doesn’t have the RFID CHIP will not be allowed to buy and sell, including medical aspect.
TBC happened to be the first ABUNDANCE based Currency that gains more value as it extends globally to enables Abundance reach everyone.
TBC was never created to have an exchanger because it’s a peer to peer currency. It was when some lazy members find it difficult to trade the coins amongs themselves that was why Admin accepted to bring an exchanger to fasten the growth of the community.
The $10 requested is not for the Fiat Exchange but for your wallet fee and every single member has to pay to have their send buttons turned on. TBC don’t collect Transaction Fee unlike Bitcoin and other Crypto Currencies. BITCOIN sometimes charges more than $10 for sending just $5 to someone Lol “what a shame”
Well, it’s never a new thing to have the opposite people around TBC Community because bitcoin was once upon a time called Scam and even till date not everyone has a clue about BITCOIN OR CRYPTO CURRENCY.
Lets Sit Back Relax And Wait For Tomorrow Those Who Already Own TBCoin Don’t Ask Where To Sell Or Spend It. Just Start Communicating !
Join The What’sapp Group For More Info
https://chat.whatsapp.com/BTFWF7MhhdI5uYDGUPwwzm
I did not approve the rest of your comment because you use foul languages in them. If you have a point to make about TBC. Please do so in a clear language without using an abusive word.
You are free to prove me wrong by stating your points and point out where you think I am wrong and the corrections to it. I am willing to learn from anyone and also experienced enough not to spot deceit. Thank you.
That is interesting. TBC is a currency, right?
If I am to pay $10, why can’t I pay it in TBC? Why do I have to pay it in BTC?
Don’t you think its because TBC is worthless?
Why is it that it is only TBC that requires activation for a send button.
Who did you pay your $10 to? Who did they really use it for?
I ask the question too, why pay in bitcoin
Thief like you, you still want to scam people right? God will catch you someday.
OMG… what the hell you talking about, you got a cheek to call TBC a scam alert, just so you can scam others yourself…Your no better than them, if your trying to sell Bitcoin…why don’t you take this crap off line and let people make their own decisions and judgement on whom they want to sign up to… then we learn from our own mistakes…not some bull shit story coming from you..I am a TBC registered member and your a fake…get lost
Some TBC seller are collecting amount from and promised me to send TBC coin.
So far i have not received. Just they are cheating . We must know some thing about tbc . Its Nigerian ( A poor country) website and its a master plan to grab money from online users . They are all thieves and its a 100% scam
I bought some the very year it was launched. Their scamming drama became clear to me when they started asking for ten dollars with no good explanation of what they would use it for and when they introduce networking into the thing 2017, which is actually the year they promised us the membership will reach 1billion and the coin will stop growing and owners of it will start enjoying the fruit of their investment. Tbc is a big scam. Am sorry to say this, those who still believe in Tbc are just gullible optimists who follow only their wishes and fantasies without the consideration to facts.
Please is there any bitcoin company that collect people’s money and give them 30 percent profit at the end of a week
They have a payroll to meet just like all other organizations. They asked for a measly $10, NOT $100, $500 or $5000. Nothing if free, and $10 is CHEAP any way you look at it. It’s so cheap that losing it will not hurt my finances. Furthermore, people waste hundreds and thousands of dollars each and every year on the USA state lotteries, with odds that are obviously stacked against the public, yet nobody cares. Again, this is only $10, a modest amount of money. We are adults of sound mind!!!!! Anyone wanting to purchase TBC, or any other crypto, should do so wisely. Spend only as much as you can afford to lose. If you cannot afford any loss, then don’t make the purchase, plain and simple. .As with all purchases of cryptos, there is risk. I, personally, chose to buy a modest amount. It’s was my choice as a FREE THINKER, just as it was others choice to purchase some of the other cryptos that are now failing. TBC is a different concept. TBC is working hard to eliminate scammers. I hope it works out.
True TBC stopped being real to me the day they asked us to pay $10 for our wallet activation because am still sure they will ask for another payment. lol i have a neighbor at home who is always praising TBC online while he is hungry and begging me for money.
Wow, I knew it was a scam when they started asking for Ten dollars
I know that not far from now, some of you doubters of TBCs will sing a song of regret of not buying and discard the coins
youre still dreaming
From the begining, I knew TBC as a scam, no coin grow by people joining its community, it only grows by supply and demand, This coin does not have PoW neither does it have PoS. The coin claim in its website to be up to 3.4million USD but when I asked one of the biggest promoter in my region to buy the 100TBC at 500$ each he began to give excuses. As it stands now you cannot sell it anywhere even for 100$ anywhere. How is a product real when it can only be traded in NYC but when you get to LA you see no one to buy/sell it? At least I know about crypto and how it works. TBC is 100% SCAM
I will like to buy your whole wallet my dear. At least you recover some of the money wasted on TBC scam. I like to be scammed if you call the TBC a scam. get in touch please
I will gladly sell you my wallet for the price it is worth
945.42 usd. 25000 kringles
Gladly sell u mine for the price it’s worth 945.42 usd. 25000 kringles
If you have not gotten TBC till now please don’t get it, no need again, you should be able to work for those that got it ?
Scam scam scam…. Tbc is definitely a scam although I bought some but till date the admin keep giving excuses to convince people to keep buying the useless coin.
Thanks for your enlightenment
TBC has always been scam since I knew it. I never saw it as a legitimate currency right since I started hearing about it
Well Felix, it’s your opinion because all cryptos must follow a known patern. Since tbc does not follow your set of rules, it must be a scam. Thank you.
But consider this. By your name, you are a Nigerian. When Buhari came to power, the naira had a free fall. Left to the forces of demand and supply, it should be #1000/$ today. Cbn now intervenes, and stabilizes it at 360/$. Right?
Why did the government put that wedge? You must answer.
Wake up. Tbc is an idea that is developing. You did not buy when it was #3000. Now it’s worth #1b. It sounds a joke right? You can’t even afford 1 coin today. I will like to hear your comments in 2019 on tbc.
You will beg to buy a few kringles.
Tell them bro.they’ll beg with hot tears v.soon
hahahahahahahahahahahah some pple are really funny my brother allow them to make excusses this is a free world. freedom of entry and exit
Did anyone put a knife on your neck to join? It’s voluntary. Even the entire banking system and determination of international oil price is a scam.
Looking for people to join our TBC scam room, once we reach 1000 members (Need 770 more persons) and then we will expose everything about TBC and its crooked Admin, one person in particular we are hunting down to bring to justice. TheBillionCoinRevealed
I spent 20k in naira to buy this useless thing called tbc, I taught it was legit but as time passed, I discovered it was a scam, even now many nigerians are still ignorant of this fact, please send me the link to your group, I can do anything to expose those idiots behind this obvious scam called tbc
When bitcoin was launched in 2008/2009,people like you did not believe in it and you call it a scam. Even after three years when it gradually found its feet, it was still a scam. In 2013 , it was a scam, in 2014, it was a scam, 2015, it was a scam, 2016 it was a scam and in 2017 it is still a scam. People always criticize and call names what they do not know.
We dont believe in change, forgetting that change is the most constant thing on the planet earth. Think aright my friend and appreciate people with noble ideas that can change the world.
It isn’t criticism.. It’s called analysis. Give reasons why you think his analysis of TBC is wrong. I bought TBC based of recommendations as well. But it’s very clear lately it’s all a big scam. You will never get to to see a chance to exchange it for anything valuable. If you know those you got yours from, go get it now before they disappear
please take several sits. Oga…it is a scam. have you been able to withdraw your money since 2014?
It’s shows you don’t know anything about TBC it was launched 2016 not 2014 Oga…. And can you use BTC to trade in 2010?
Think before you text
yeah though I bought it too but it’s getting clear to me that it’s just a scam targeting countries with bad economy
Hello Friend, what would you say about Sizawe?
I have not heard of it, it is a coin?
there are general rules you could follow to
differentiate a scam from a genuine platform
I requested for it . Thanks for the always down to heart analysis .