Virtual currency and Ponzi scheme

1.

virtual currency is not MLM

virtual currency refers to non real currency. Well known virtual currencies, such as online currency of Internet company, QQ currency of Tencent company, q-point, voucher of Shanda company, micro currency launched by Sina, chivalrous Yuanbao, silver pattern. Digital currencies include bitcoin, Wright coin, infinite coin, quark coin, zeta coin, barbecue coin, penny coin, invisible gold bar, red coin and prime currency. At present, hundreds of digital currencies are issued all over the world

< H2 > development materials:

network virtual currency can be roughly divided into

the first category is the familiar game currency. In the era of stand-alone games, the protagonist accumulates money by knocking down the enemy, entering the gambling house to win money, and using these to buy Herbs and equipment, but it can only be used in his own game console. At that time, there was no "market" between players. Since the establishment of Internet portal and community, the realization of game networking, virtual currency has a "financial market", players can trade game currency

the second type is the special currency issued by the portal website or instant messaging service provider, which is used to purchase the services in the website. The most widely used is Tencent's q-coin, which can be used to purchase membership, QQ show and other value-added services

the third kind of virtual currency on the Internet, such as bitcoin and Wright currency. Bitcoin is an electronic currency proced by open-source P2P software. Some people also translate bitcoin as "bitcoin", which is a kind of network virtual currency. It is mainly used for Internet financial investment, and can also be directly used in daily life as a new currency

< H2 > reference: virtual currency network

2. Identifying whether virtual currency is a pyramid scheme is a bit of a bluff
the purpose of offline development and the t of high return is MLM
for MLM, you can refuse to join.

3.

Virtual currency fraud calls 110 directly

many departments, such as the China Banking and Insurance Regulatory Commission, the central office of information technology, the Ministry of public security and so on, issued risk tips, saying that some criminals, under the banner of "financial innovation" and "blockchain", absorbed funds by issuing the so-called "virtual currency", "virtual assets" and "digital assets", thus infringing the legitimate rights and interests of the public

this kind of activity is not really based on blockchain technology, but on the hype of blockchain concept, illegal fund-raising, pyramid selling and fraud. In essence, it is a Ponzi scheme of "repaying the old by borrowing the new", which is difficult to maintain the long-term operation of funds

the public should treat the blockchain rationally, not blindly believe the promises, establish a correct monetary concept and investment concept, and effectively improve the risk awareness. Report to the public security organ in time after being cheated

extended data:

the first is the obvious networking and cross-border of virtual currency. Relying on the Internet and chat tools for transactions, and using online payment tools to balance funds, the risks spread widely and spread quickly. Some lawless elements set up websites by renting overseas servers to carry out activities for domestic residents and control illegal activities remotely

some indivials claim that they have obtained the investment quota of overseas high-quality blockchain projects in the chat tool group and can invest on their behalf, which is most likely fraud. Most of these illegal funds flow overseas, which makes it very difficult to supervise and trace

followed by deception, temptation and concealment. They use hot concepts to hype, fabricate various "tall and tall" theories, and some also use celebrity "big V" platforms to publicize. They use airdrop "candy" as temptation to claim that "currency value only rises but not falls", "investment cycle is short, income is high, and risk is low", which has strong bewitching

in practice, criminals illegally make huge profits by manipulating the price trend of the so-called virtual currency, setting profit and withdrawal threshold. In addition, some criminals also issue tokens under the guise of ICO, IFO, IEO, etc., or hype virtual currency in the way of IMO under the banner of sharing economy, which has strong concealment and confusion

finally, there are many kinds of illegal risks in this kind of behavior. Through public publicity, the illegal elements attract the public to invest funds, lure investors and development personnel to join, and constantly expand the fund pool with the t of currency appreciation and development offline profits, which has the characteristics of illegal fund-raising, pyramid selling, fraud and other illegal acts

4.

Now the most popular is the blockchain. Now people continue to join the blockchain instry. Even some giant enterprises are also studying the blockchain. Some people say that the blockchain is a fraud, and others say that the blockchain is the hope of the future. Let's explain it

1. Is blockchain a Ponzi scheme

No, blockchain is a technology. Technology itself can't commit a crime without self-consciousness

blockchain is essentially a decentralized accounting system

What is decentralization? Take chestnuts for example:

in Guaizi village, Cuihua has an affair with Lao Wang next door and is seen by Li Si. After that, Li Si told everyone in the village about it. As a result, Cuihua and Lao Wang Dao are well-known about the affair. For more details, please click

5. This is about whether bitcoin is a Ponzi scheme
Ponzi scheme is a kind of fraulent investment operation. It uses investors' own money to pay investors in return, or new investors' money to pay old investors, rather than the company's own money. When there are not enough new investors to join, the Ponzi scheme will collapse, and the final investors will suffer
bitcoin is a free software project without a central management organization, so no one can make a false statement about the return on investment. Just like other major currencies, such as gold, US dollar, euro, Japanese yen, etc., bitcoin can not guarantee purchasing power and the exchange rate is free floating. The resulting volatility makes it impossible for bitcoin holders to predict profits or losses. The fact is that bitcoin is being used by thousands of users and businesses because of its useful and competitive features.

6. Blockchain is the underlying technology of bitcoin, like a database ledger, recording all transaction records. Because of its safety and convenience, this technology has graally attracted the attention of the banking and financial instry
blockchain is an important concept of bitcoin. Blockchain is a series of data blocks generated by cryptography. Each data block contains the information of all bitcoin network transactions in the past ten minutes, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block. The concept was put forward in the white paper of Nakamoto, which holds the first block, namely & quot; Chuangshi Block & quot
the latest technology application of blockchain: bitcoin technology emerged in 2008, which provides a decentralized credit establishment paradigm without trust accumulation. The essence of blockchain technology is a decentralized and distributed data storage, transmission and proof method. It replaces the dependence of the Internet on the central server with data block, so that all data changes or transactions are recorded on a cloud system. In theory, it realizes the self proof of data in data transmission, This goes beyond the traditional and conventional information verification paradigm which needs to rely on the center, and reces the global & quot; Credit & quot; This kind of peer-to-peer verification will proce a kind of & quot; Basic protocol;, It is a new form of distributed artificial intelligence, which will establish a new interface and sharing interface between human brain intelligence and machine intelligence
the function of bitcoin wallet depends on the confirmation with the blockchain, and an effective inspection is called a confirmation. Usually, a transaction needs to obtain several confirmations. The lightweight (SPV) bitcoin wallet, whose client only needs to store the data related to the user's disposable transactions locally, does not store the complete blockchain
blockchain technology is the core of many encrypted digital currencies, including bitcoin, Ethereum, lightcoin, dogcoin, etc. The ways to maintain blockchain include proof of work (proof of work), proof of stake (POS), authorized proof of stake (dpos), pool verification pool, ripple consensus mechanism, etc. At present, people are exploring a more decentralized rotating witness mechanism.

7.

On Friday (February 2) Beijing time, Dr. doomsday Roubini said that the fundamental value of bitcoin is zero, and bitcoin is more serious than tulip mania“ The cost of bitcoin trading is $50 at a time, bitcoin is the biggest Ponzi scheme in history, and the bubble of encrypted money is breaking up. He said

according to gdax's quotation, bitcoin fell below the $8000 mark, a new low since November last year. Bitcoin prices have fallen 30% this week, and are now down nearly 60% from their all-time highs

Analysts said that the disappearance of the "kimchi premium" was partly e to the selling pressure of arbitragers, but it was also reflected in the sharp reversal of investors' buying in one of the world's craziest markets

South Korea's deputy prime minister and Finance Minister Kim Dong Yuan said on Wednesday that the South Korean government has no plan to shut down digital currency trading“ There is no intention to ban or suppress the digital money market, and the most urgent task is to supervise the exchanges. "

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9. Bitcoin and other virtual currencies are difficult to identify or have no authoritative conclusion according to the information published at present. If you need to know more, you can call 110 and ask the public security organ for screening or verification
the investigation conclusions of public security organs are the most authoritative.