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Is EDR digital currency deceptive

Publish: 2021-05-14 20:32:19
1.

Basic routine: the "trading market" of MLM digital currency is basically controlled by specific institutions. In order to attract investors' investment in the early stage, the currency price may be very high. Once the time is ripe, it will be sold intensively, and the price will plummet, and the investors will lose all their money

There are three characteristics of digital money MLM:

1. Digital money is a real proct, and it is highly packaged

2. The participants can get a head pulling reward, and the prize is the digital currency itself

3. Digital currency will appreciate with the increase of participants in the scam. In the cycle of digital currency appreciation, the number of participants who can obtain digital currency will also increase, and the participants, including the lowest level participants, will also gain, but in the cycle of devaluation, the bottom level participants often lose a lot

in 2017, the Internet Finance Association of Jiangsu Province issued the "internet pyramid selling identification guide", which named 26 so-called digital currencies as illegal pyramid selling projects covered or suspected to be covered with digital currency. They are: treasure money, Baichuan money, SMI, MBI, mark money, Diablo money, mmm, Fuda compound wealth management, carat money, V treasure, Vicat money, petroleum money, Huaqiang money, CB aiib Hong Kong Group, Yuansheng, Morgan money, beta money, WorldCom, u money, Jubao, 21st century fox, Wanxi wealth management, Wanfu money, Wuxing money, Yi money, Zhonghua money, etc

extended materials:

five ways to distinguish whether digital currency is pyramid selling currency:

1. Issuance mode

virtual currency does not rely on specific monetary institutions. It is proced by a large number of calculations according to specific algorithms, and is a decentralized issuance mode. Each different terminal node is responsible for maintaining the same account book, and the maintenance process is mainly to package and encrypt the transaction information by the algorithm, while the MLM currency is mainly issued by a certain organization, and the profit is made by pulling the head

2. Transaction mode

virtual currency is a kind of sporadic transaction spontaneously formed in the market, which is graally completed by a third party establishing an exchange after the scale is formed. The MLM currency is issued by an institution and traded on its own platform

3. Implementation method

virtual currency itself is an open source program, which is maintained in GitHub community. The parameters and methods of the total amount limit are shown in the open source code. The open source of MLM currency is completely ing other people's open source code, and there is no use of open source code to build programs, so its essence is controlled by the website like Q currency

4, whether to give the source code link

General decentralized digital currency will give the source code link in the prominent position of the official website, so as to show the operation mechanism of the monetary system openly and transparently. The MLM currency focuses on the transaction process of recharge purchase, but does not mention its operation mechanism. Even the website does not have the link address of the source code

5, whether the official website starts with HTTPS

generally, the addresses of the official website and trading website of decentralized digital currency start with HTTPS, and the purpose is that this kind of website can well protect the user's data from illegal theft. But the official website of MLM currency, trading website and other related websites do not start with HTTPS

2. Digital currency is the abbreviation of digital currency. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy. It can not be completely equivalent to the virtual currency in the virtual world, because it is often used for real goods and services transactions, not limited to online games and other virtual space. At present, the central bank does not recognize or issue digital currency, and digital currency does not have to have a benchmark currency. The popular digital currencies in 2015 include bitcoin, bitstocks, etc. At present, there are thousands of digital currencies issued all over the world
in February 2017, the central bank made new progress in issuing digital currency. The transaction of digital bills based on blockchain promoted by the central bank has been tested successfully, and the legal digital currency issued by the central bank has been put into trial operation in this area. After the Spring Festival, the digital currency Research Institute of the central bank will also be officially listed. This means that the people's Bank of China will be the first central bank to issue digital currency and carry out real application in the world.
3. EDR (full name e-dinar), a digital cryptocurrency + platform, was registered in the UK in February this year, with formal business license and registered capital. It entered China in April and developed a Chinese interface. Recently, the market publicity began. It is a strategic cooperative relationship with EDRC (full name edrcoin). EDR (e-dinar) is a powerful marketing export of EDRC. At present, the main traffic is from Ukraine and the United States (which started earlier than China). The platform has perfect control (HTTPS security level, IP restrictions, mobile phone binding, transaction operation all need verification code, etc.), supports more than 20 languages, and the participants are from 78 countries around the world. The number of people increases steadily and conforms to the normal market operation rules
EDRC (full name edrcoin), a rising digital cryptocurrency, ranks the 11th among nearly 700 kinds of digital cryptocurrencies in the world in terms of 24-hour transaction market value, with a single day transaction volume of more than US $800000. However, its total market value can only reach more than 500 at present, because it is only recently issued (regular cryptocurrencies are graally excavated, and the total number is fixed). We can see that its development potential is huge, and its popularity has been very high in the market. EDRC can be exchanged with bitcoin on the international trading platform.
4. It's not necessary to say that this thing is deceitful. If it is issued by the state, there must be government and full-time personnel with certificates.
5. All "good things" such as digital currency are deceiving. Remember: there will be no pie in the sky! All fall are traps!
6. It is wrong to say that China's digital currency comes from the people, because it comes from the present. Science.
7.

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8.

It can not be said to be a fraud, but there are certain risks, because digital gold currency is a form of physical currency, and its deposits are measured in gold rather than legal currency. Therefore, the purchasing power fluctuation of digital gold currency is related to the gold price. If the price of gold goes up, it becomes more valuable. If the price of gold goes down, it loses value

since there is no specific financial regulation to regulate digital gold money suppliers, they operate in a self-regulation way. Digital gold money suppliers are not banks, so banking regulations are not applicable

extended data

to explore the connotation of digital currency, we must clarify some concepts of model lake. For example, is it legal digital currency dominated by the central bank or illegal private fixed digital currency; Encryption of digital currency or electronic currency; Is it "selling dog meat with sheep's head"; "Bad money"

new technology does make the conceptual boundary of money more blurred. Theoretically speaking, the new monetary economics points out the possibility of the disappearance of money, that is, legal paper money is no longer the only medium of transaction, and is eventually replaced by financial assets issued by the private sector that generate monetary income

in reality, although the status of fiat money is still unshakable, there have been various local scenes of private money in history, such as the universal warra system in Germany in the 1920s. Now the digital currency with the characteristics of decentralization makes the challenge of private currency increasingly prominent< br />

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