ETSC digital currency Villa

1.

First of all, we need to understand what is MLM:

MLM refers to the illegal behavior of organizers and development personnel to obtain wealth by calculating and paying remuneration to the developed personnel based on the number or performance of the personnel directly or indirectly developed, or requiring the developed personnel to pay certain fees to obtain the qualification to join. The essence of MLM is "Ponzi scheme", that is to say, the money of later comers is distributed to the income of former comers

However, the new type of MLM does not restrict personal freedom, does not accept ID cards and mobile phones, and does not take classes collectively. Instead, it uses capital operation as a banner to pull people to cheat money, drives luxury cars, wears gold and silver, and uses money to attract your relatives and friends to join in, and finally makes you lose all your money

then judge whether the ether coin is a kind of MLM, whether you need membership fee, whether you need to ask your relatives and friends to join

extended materials:

Ethereum is an underlying technology platform on which developers can create distributed applications. With the application, there will be transactions. With a transaction, you need money to complete the transaction. In this way, money has value, and investors' investment has a return. If the transaction volume on the platform is larger and larger, the demand for money will be higher and higher, and the money will be more and more valuable

from the perspective of image, bitcoin creates a kind of digital gold, while Ethereum creates a country, and Ethereum is the credit currency of the country

after bitcoin, there are thousands of digital virtual currencies in the world, many of which are completely deceptive in the guise of "digital currency". Previously, Haikou Municipal Public Security cracked down on a pyramid selling organization called "Eurasian currency", which operated on the internet pyramid selling platform, making more than 40000 investors cheated, involving 4.06 billion yuan. The field of virtual currency has just started, so we need to be cautious

resources : Ethernet money network

2. From the network
blockchain technology hotspots all over the world think that it is a subversive innovation of computing mode following the mainframe, personal computer and Internet; It is also seen as a monster, requiring strict regulation and even prohibition. Many people can't help asking: does the new trust mechanism of block link need to trust another old legal mechanism to supplement it
the vigorous development of the block chain behind is really a mixture of good and bad. For this reason, how to stop the chain, so that this new technology can be used in the legal framework of the people, the correct understanding of the benefit of the people is an urgent important topic. Recently, Lin Shaowei, associate professor and director of the Institute of artificial intelligence of Southwest University, will appear in Shanghai to study and read, "the theme of artificial intelligence in May is" the second activity. The relationship between block and chain is what the website tells readers
as a "chain to law": is block chain trustworthy“ Lin Shaowei, the translator of this book, believes that if the law does not have effective intervention measures, it may become "lawless elements" in another chain, so it can not prevent "lawlessness" in the legal chain. Based on the introction of the book published by Shanghai People's publishing house, the well-designed legal vacuum has a negative impact on the block chain. Kevin woba, a professor at the Wharton School of business at the University of Pennsylvania, explores new ideas for the future development of blockchain.