There are, my friend was one. They did very big events that appeared very serious in my city. If nobody taught you about MLM, and you don't have any knowledge about cryptocurrency but you definitely don't want to miss out on the next Bitcoin, I can see how you would fall for it.

So many people have said to me "you're into computers" how do they get into this Bitcoin thing. I said there's a lot too it and explain any of it their eyes glaze over. They just want to put down $100 and make millions in a week with no effort.

I remember when Bitcoin was cheap as hell I think it was $1 bought you 1,000 Bitcoins so I am no Bitcoin expert or I would be a billionaire. Yes I dream of having some on an old hard drive (I'm sure we all do).

Philosophically, Onecoin plagiarized so much from early bitcoin (ie., "bank the unbanked," "take money away from the banking structures & Govt.'s," etc).

Victims had mostly no tech background, whatsoever, and had been told that "decentralized" meant crime and anonymity, which they perceived as a bad thing which Onecoin's "centralized model" prevented.

They didn't know the usefulness or cruciality of even a block explorer.

So, for some, there were "fundamental reasons" for a cryptocurrency (sic) like Onecoin, in addition to the speculative nature of (real) cryptos, in general.