Is Ethereum OTC pyramid selling
Ethereum energy coin is not MLM
Ethereum is an open source public blockchain platform with smart contract function. Ethereum provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum
in 2013, vitalik buterin, 19, first mentioned the idea of Ethereum in a book entitled "Ethereum white paper: next generation intelligent connection and decentralized application platform". Then, in 2014, the algorithm and protocol of Ethernet coin were officially implemented, and $150 million was raised. The system itself was finally completed on July 30, 2015
as the representative of blockchain 2.0, the mainstream currency Ethernet is regarded as the wind vane of crypto digital currency market. However, over the past week, the price of ether currency has continued to fall. On August 14, 2018, the ethereal currency plummeted by 20%, reaching a record low of $257 this year. Compared with this year's peak of $1295, the price of Ethernet currency has shrunk by more than 80%. Affected by this, on August 15, 2018, none of the top ten mainstream currencies in the digital money market was spared, falling across the board, with a number of single day declines exceeding 10%
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Ethereum started planning almost in 2013, and started to implement the project in 2015. Before that, there were many digital currencies imitating bitcoin in the market, and they made various modifications on the basis of bitcoin code. In this way, it is very difficult to develop a new blockchain application, to re deploy a new chain, and then to develop an application on this chain. Using a consensus mechanism of pow alone is a huge maintenance workload. It's like developing an app on a mobile phone and developing the Android system together
after Ethereum comes out, it is equivalent to the underlying operating system of the blockchain. On Ethereum, it is very convenient to develop various dapps without considering the underlying development, and it can also share the computing power and storage of Ethereum. For programmers, the threshold of blockchain development is lowered instantly. The emergence of Ethereum has played a very important role in the development and popularization of blockchain applications. That's why Ethereum is called blockchain 2.0
The monetary gold and silver Bureau of the people's Bank of China issued the "risk warning on issuing or promoting digital currency in the name of the people's Bank of China". In the risk warning, the central bank stressed: our bank has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. At present, the so-called "digital currency" in the market is not legal digital currency. The central bank stressed that the so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud
if you are interested in more anti fraud information, you can pay attention to my "Laohan anti pyramid scheme", which will continue to update the inside routines and reveal the secrets of pyramid scheme. I hope you can be more vigilant and stay away from the pyramid scheme
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 moneythen 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
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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
It does not belong to MLM
Ethereum is an open source public blockchain platform with smart contract function, which provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum
the concept of Ethereum was first proposed by vitalik buterin, a programmer, from 2013 to 2014, inspired by bitcoin, to the effect of "next generation cryptocurrency and decentralized application platform", and began to develop through crowdfunding in 2014. The market value of Ethernet currency is second only to bitcoin, and it is the second largest encrypted digital currency in the world
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bitcoin has created the first decentralized cryptocurrency, and has fully tested the feasibility and security of blockchain technology in more than five years. In fact, bitcoin's blockchain is a set of distributed database. If a symbol bitcoin is added into it and a set of protocol is specified, the symbol can be transferred safely on the database without trusting a third party. The combination of these features perfectly constructs a currency transmission system bitcoin network
however, bitcoin is not perfect, and the scalability of the protocol is a deficiency. For example, there is only one symbol in the bitcoin Network - bitcoin, and users can't customize other symbols. These symbols can represent the company's stocks or debt certificates, which will lose some functions
In addition, a stack based scripting language is used in bitcoin protocol. Although this language has some flexibility to realize functions such as multi signature, it is not enough to build more advanced applications, such as decentralized exchanges. Ethereum is designed to solve the problem of insufficient scalability of bitcoinIt is not illegal, but the legal risk can not be ignored
in September 2017, after the central bank and seven ministries and commissions jointly issued the "notice on the risk of token financing", which explicitly prohibited the trading of RMB and digital currency and the issuance of ICO (abbreviation of initial coin offering, which means the initial public offering of digital currency), the heat of hyping digital currency is still hard to rece
the current situation is that although the official ban, but in reality the transaction is still in progress, which will also lead to a series of legal problems. High return is accompanied by high investment risk, as well as legal risk that can not be ignored. After the central bank stopped the digital currency exchange in September 2017, some exchanges went overseas, and investors also went to overseas markets to invest and trade, or to find counterparties through Internet instant messaging software
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related risks:
1. The so-called credit risk is e to the lack of reliable third party participation, and the transaction between the two sides completely depends on the integrity. Once there is a breach of contract, it is difficult to protect the rights and interests
2. The so-called policy risk is that the attitude of various countries towards the special currency will lead to sharp fluctuations in the price of the currency, which will have a certain impact on the OTC trading; The so-called relief vacancy risk refers to the dispute caused by OTC transactions, which makes it difficult for all parties to obtain evidence and provide evidence
3. The public security organs often encounter the problem that there is no professional institution to price bitcoin in case filing or legal review, and our criminal law stipulates that the criminal object of theft is someone else's finance with economic value, because the economic value of bitcoin can only be proved by the trading platform according to the price displayed on the trading platform software, This kind of pricing is sometimes not recognized by public security organs and courts< br />
(2) understand the properties of metal materials, the basic concepts and knowledge related to metal science, understand the application of iron carbon alloy state diagram, and master the common heat treatment methods and application scope of metal materials< (3) understand the classification and characteristics of instrial steel and engineering cast iron, and master the brand expression of instrial steel and engineering cast iron< (4) understand the classification, characteristics and application of non-ferrous and powder metallurgy metal materials
(5) master the basic concepts and axioms of statics, as well as the force analysis and force diagram drawing of objects
(6) master the synthesis and balance of plane confluence force system, plane couple system and plane arbitrary force system, establish the balance conditions and equations of plane force system, and solve plane force system. Master the synthesis and balance of plane force system, and solve the balance problem of material system
(7) master the solution of centroid coordinates and moment of inertia of plane graphics< (8) understand the concepts of tension and compression, master the section method of internal force and the normal stress on the cross section; Axial and transverse deformation, strain and Hooke's law; Mechanical properties of materials in tension and compression, strength calculation in axial tension and compression< (9) concept of shear and extrusion, shear force and shear stress, practical calculation of shear, determination of shear area; Extrusion force and stress, practical calculation of extrusion, determination of extrusion area< (10) the concept of circular shaft torsion; Calculation of external force couple moment, drawing of internal force torque and torque diagram of cross section when the circular shaft is twisted; The stress on the cross section, the deformation, the torsion angle, the torsion angle per unit length and the torsional rigidity of the circular shaft in torsion; The strength condition, the stiffness condition, the strength condition and the application of the stiffness condition of the circular shaft torsion
(11) understand the concept of plane bending and the distribution law of section stress, master the internal force calculation of straight beam bending, the drawing method of shear diagram and bending moment diagram, the stress and calculation of beam cross section ring bending, and the strength condition of beam bending< (12) understand the concept and examples of combined deformation; Master the stress distribution and strength calculation of the combined deformation of tension (compression) and bending, torsion and bending
(13) understand the kinematic pairs of planar mechanism, the classification of kinematic pairs, master the drawing of kinematic diagram of planar mechanism, the calculation of degree of freedom of planar mechanism and the treatment of several special cases
(14) understand the types and motion characteristics of planar four-bar mechanisms; Master the main working characteristics of the planar four-bar mechanism (including the existing conditions of the integral rotation pair, the angle between the quick return characteristic and the extreme position and its value range, the pressure angle and the transmission angle, and the dead center position), and master the motion characteristics of the crank rocker mechanism and the position where the minimum transmission angle appears; Master the graphic design of planar four-bar mechanism (only required: a) realize the motion design of connecting rod position; b) For the design of crank rocker mechanism with known travel speed variation coefficient, the additional condition is one of the known lengths of crank, connecting rod or frame, or the ratio of the length of two members)< (15) understand the composition, characteristics, types and applications of cam mechanism; Master the characteristics and impact phenomenon of the two basic motion laws of the follower (constant velocity motion law, constant acceleration and deceleration motion law), and be able to draw its displacement line diagram; Master the concepts of cam mechanism base circle, push motion angle, far repose angle, return motion angle, near repose angle, theoretical contour and actual contour, follower stroke and mechanism pressure angle, and be able to mark them in the drawing; Master the geometric method of cam profile design of disk cam mechanism with straight moving follower
(16) general understanding of ratchet mechanism, Geneva mechanism, incomplete gear mechanism, cam intermittent motion mechanism and other intermittent motion mechanism working principle, basic types, motion characteristics, application occasions< (17) understand the type and application of screw mechanism; The formation, classification and parameters of thread; Screw mechanism and motion analysis
(18) understand the types, characteristics and applications of belt drives; Familiar with the structure and standard of common V-belt, the tensioning method and device of V-belt drive; Master the basic theory of belt drive, such as working principle, stress, elastic sliding and slipping; Master the failure forms and design criteria of V-belt drive, the correct selection method of V-belt drive parameters, and understand the design methods and steps of V-belt drive< (19) understand the characteristics, application and types of gear transmission mechanism; Understand the basic law of tooth profile meshing, the formation and properties of involute tooth profile; Master the basic parameters and geometric dimension calculation of involute standard spur gear (it is required to remember the calculation formulas of indexing circle, base circle, addenm circle, dedenm circle, addenm height, dedenm height, full tooth height, top clearance, pitch of indexing circle, tooth thickness, slot width, pitch of base circle, transmission ratio and center distance), and understand the meshing line, meshing angle, pitch circle, standard gear The concept of standard installation and standard center distance; Master the principle of generating method for cutting teeth; In depth understanding of involute spur gear transmission meshing characteristics (constant transmission ratio transmission, center distance separability) and correct meshing conditions, continuous transmission conditions (coincidence degree); Understand the types and characteristics of gear transmission. Understand the basic parameters of helical gear and the concept of equivalent gear
understand the selection basis of gear accuracy, the characteristics of five failure forms of gear transmission, and the measures to prevent or rece damage; Understand the concepts of hard tooth surface, soft tooth surface, open drive and closed drive; Master the force analysis of gear transmission, especially the determination of helical gear, bevel gear axial force and worm transmission; Understand the significance and influencing factors of load factor; Master the basic theory of tooth surface contact fatigue strength calculation and tooth root bending fatigue strength calculation of spur gear transmission, the significance and determination method of parameters and coefficients in the formula, master the design criteria and steps of gear transmission; Understand the significance of straight bevel gear back bevel and equivalent gear
(20) master the calculation of transmission ratio of fixed axle gear train and epicyclic gear train and the determination of steering relationship between driving and driven wheels; Understand the composition, motion characteristics and application of various gear trains< (21) understand the types and characteristics of key connection, pin connection and threaded connection; Master the selection and calculation of ordinary flat key, pre tightening and anti loosening of thread connection
(22) master the shaft type, failure mode and design requirements; Understand the common materials of the shaft, the problems that should be considered in the structural design and the measures to improve the strength of the shaft; Understand the stress analysis of shaft and the applicability of three strength design calculation methods< (23) understand the types and properties of friction; Understand the type and structure characteristics of sliding bearing; Understand the conditional calculation of non liquid friction sliding bearing, understand the type, structure, characteristics, accuracy, code and selection principle of rolling bearing; Master the failure forms of rolling bearings and the concepts of basic rated life, basic rated dynamic load and basic rated static load; Able to design rolling bearing combination structure
(24) understand the working principle, main types, structural characteristics and selection and application principles of coupling, clutch and brake.
now, the more famous OTC trading platform is localbitcoin. Of course, there are also some small third-party OTC platforms with low safety factor, and domestic OTC platforms are basically shut down. It is suggested that you go to OK and fire currency international stations to buy and sell digital currencies such as BCC and eth, and do not conct private secured transactions. The risk is very high.