Dongfang Tong also has blockchain

2.

Blockchain is a new technology, not a disguised form of MLM. It is just claimed by many MLM organizations as "blockchain". In fact, there is no technology. It's just a practice of MLM under the name of "blockchain". The state has issued several announcements to crack down on this kind of MLM. The following is the Xinhua news report on MLM of blockchain:

blockchain is not equal to virtual currency, but also has security risks. Behind the popularity, there is exaggeration with "ulterior motives". Only by removing the flashiness, can the blockchain return to its real application value

invest 80000 yuan, change to 800000 yuan after three months? Shenzhen police cracked a huge fund-raising fraud. Under the guise of blockchain concept and 10 times income, thousands of investors were deeply involved in the case, involving up to 307 million yuan. Under the "veil of mystery" of the blockchain, the illegal elements have taken advantage of their own tricks, and the blockchain has become a "signboard" of economic crimes such as fraud and pyramid selling

why is the blockchain repeatedly "misused" by illegal activities such as pyramid selling fraud? In addition to "unknown", what is the "function" of blockchain technology itself? Since the beginning of this year, with the increase of supervision and the cooling of currency speculation, new opportunities have been brought to the development of blockchain. How about the implementation of blockchain commercial "application" The reporter of outlook news weekly recently concted an investigation

when the three-month "capital release period" promised by the trading platform expired and the staff began to "kick" in the QQ group, Tang Haiyan, who lives in Bao'an District of Shenzhen City, realized that she might have been cheated

previously, Tang Haiyan invested 80000 yuan to buy a virtual currency called "ordinary silver coin" under the introction of her classmates“ The other side said that this currency is the most advanced blockchain technology at present, with Tibetan tea as collateral. He also showed me the "technical white paper". I didn't understand blockchain, so I didn't read it carefully. "

although she doesn't know about blockchain and virtual currency, the high investment income makes Tang Haiyan full of expectations. She told reporters that companies issuing "ordinary silver coins" will regularly split the virtual currency according to the ratio of 1:10, which means that each split will make the value of "ordinary silver coins" in the hands of investors expand 10 times. As long as after a split, her investment of 80000 yuan is equivalent to the purchase of 800000 yuan worth of "ordinary silver coins", which can be sold on the trading platform to obtain huge profits

according to the rules of the trading platform, the newly purchased "ordinary silver coin" cannot be traded immediately, and it must be frozen on the platform for three months before it can enter the "release period". However, after three months, not only did Tang Haiyan not wait for the assets to double, but the 80000 yuan frozen on the platform could not be used for trading

"other investors began to question the authenticity of this investment in QQ group. As a result, the staff of the company kicked these investors out one by one, which made me feel bad." She said

The fact also proves Tang HaiYan's intuition. At the end of March 2018, Shenzhen police detected a huge fund-raising fraud, with the amount of fraud funds as high as 307 million yuan. In this case, Shenzhen Puyin blockchain Group Co., Ltd. involved in the case issued virtual currency in the mode of "blockchain + Tibetan tea" to obtain public deposits. Tang Haiyan was one of the thousands of victims

Shenzhen police investigation found that the company claimed that investors could buy and sell "ordinary silver coins" on the virtual trading platform "jucoin net" to earn a price difference

. In fact, the change of its trading price is that the company used investors' investment funds for behind the scenes operation, and once raised the price of "ordinary silver coin" from 0.5 yuan to 10 yuan, so that investors can taste some sweetness. When a large number of investors entered the market, the company continued to cash out through malicious manipulation of the price trend of "ordinary silver coin", which eventually led to the worthlessness of "ordinary silver coin" in the hands of investors

since 2018, engaging in fraud and pyramid selling under the banner of blockchain has become a common "routine" in new criminal tactics. In April 2018, Jinan police dropped a pyramid selling Gang under the guise of "western development", "national poverty alleviation", "original stocks", "blockchain" and "e-commerce", arrested more than 10 major suspects, frozen more than 100 accounts involved, and seized more than 300 million yuan of funds involved

according to Jinan police, huileyi e-commerce company designed a fake virtual disk on the Internet on the ground that the country is vigorously developing the big data instry, and released a variety of virtual currencies such as "precious currency" and "precious currency"

under the guise of giving away, they presented a certain amount of virtual currency to the New MLM staff, with the price of tens of yuan each. Then, through artificial manipulation, they appreciated the virtual currency all the way to more than 100 yuan or even hundreds of yuan, attracting people who did not know the truth to join. Finally, they "cut leeks" through the periodic fluctuation of the so-called "devaluation" of virtual currency, Finally, the purpose of seeking illegal interests is achieved

in Xi'an, a few days ago, the local police successfully cracked a huge network pyramid selling case under the banner of blockchain. According to the police, the suspect, Zheng Mou, has paid a high salary to the 9 network members, such as Zhang and Lee. Since March 28, 2018, he has gathered pyramid selling and network pyramid selling as a means to sell the virtual Datang coins at the consumption era network platform at the price of 3 yuan each, and manipulate the appreciation rate; p>

at the same time, promotion meetings were held in many cities at home and abroad to attract members. According to the development of members, 28 level agents were set up. In just 18 days, the gang developed more than 13000 registered members. At present, it has been found that the case involves 31 provinces, cities and autonomous regions in China, and the fund involved is as high as 86 million yuan

according to Tencent's 2017 pyramid selling situation awareness white paper released by Tencent security joint laboratory, in recent years, all kinds of overseas capital disk, virtual currency and ICO (initial public offering token financing of blockchain project) projects have emerged in an endless stream, which hide many risks such as illegal issuance, untrue projects, cross-border money laundering, fraud and pyramid selling, As a result, a large number of funds flow overseas. Once the market collapses, runs away or loses contact, investors often have no way to complain and the losses are difficult to recover. For example, Baichuan coin, mark coin, beta coin, dark coin, etc

the reporter of lookout Newsweek interviewed in Guangdong, Shandong, Shanghai and other places and learned that most people know that the concept of blockchain is very popular, but they "don't know where it is", and there are different opinions on the specific functions of blockchain: some people think it is used for "investment and financing", "buying and selling currency", while others think it is "a major invention of the same magnitude as the steam engine", Some entrepreneurs are even more eager to seize this "once-in-a-lifetime opportunity to get rich."

many people in the instry said that it is precisely because people have many misunderstandings about blockchain that criminals have opportunities to fish in troubled waters and mislead investors

First, blockchain is not equal to virtual currency. By the end of last year, the number of domestic ICO participants and the total volume of transactions have doubled, a large number of digital currency exchanges have fled overseas, and the agent investment mode has involved more ordinary people in high-risk investment

in many instries, we media and celebrities form interest alliances with issuers and digital exchanges to endorse and create public opinion for the "air currency" project. In December last year, nine departments including the people's Bank of China identified ICO as "suspected of illegal fund-raising, financial fraud, pyramid selling and other illegal and criminal activities"

in the interview, many people told our reporter that the existence of token has built a set of rights and interests mechanism for the development of blockchain technology, which is indispensable for stimulating the prosperity of blockchain applications“ The market practice in the past five years has proved that blockchain applications without equity mechanism are just like market economy without computers connected to the Internet and money, with greatly reced application scenarios and development speed. " An investor in Shanghai said

in fact, the token represented by bitcoin is only one of the earliest procts to verify the blockchain technology, and the two can not be equated, and the existence of token has obviously negative effects on the development of blockchain

Xiao Wei, chief engineer of network blockchain, told this reporter that the myth of ICO's sudden wealth shakes the R & D concentration of blockchain technical talents, and the myth of "sudden wealth" with hundreds of times of return tests the patience of blockchain technical R & D talents“ Many of the "comrades in arms" in the circle who used to do research and development of blockchain technology have gone to issue coins, and now few of them can insist on doing research and development and application of technology. "

Xu zewei, Secretary of the Party committee of Beijing Internet Finance Instry Association, said that under the background of China's ban on ICO, many domestic start-ups promoting blockchain applications are "selling dog meat with sheep's pawn" and financing through concept packaging of worthless tokens“ ICO has polluted the good atmosphere of innovation and entrepreneurship, and created a kind of speculative proct. Many young people are not thinking about entrepreneurship, but are thinking about issuing money, which makes us have the illusion of getting rich overnight. "

at present, more and more people in the instry begin to think about whether the development of blockchain must rely on the issuance of tokens to achieve incentives. Guo Dagang, Secretary General of Beijing Internet Finance Instry Association, told this reporter that the so-called incentive mechanism is only the theoretical basis for the project party to issue tokens for itself. Huo Xuewen, director of Beijing Municipal Bureau of financial work, also believes that if blockchain does not get rid of the dilemma of issuing currency, it will never find a legal landing mechanism

secondly, blockchain is not omnipotent and its security is at risk. Blockchain is generally considered to achieve three functions:

first, the data stored on the blockchain can not be tampered or forged, and the data has high credibility and credibility; Second, the whole process of the transaction can be traced, which can achieve accurate responsibility tracking; Third, the embedded smart contract in the blockchain can be executed automatically based on the contract, so as to improve work efficiency and rece the risk of default. It is generally believed that blockchain has broad application prospects in finance, logistics, trade and other fields

in fact, blockchain is not omnipotent, and its function has many limitations. It is generally believed that, according to the characteristics of cryptography, in order to tamper or falsify in the blockchain, more than 51% of the nodes need to be controlled in theory. When there are enough nodes in the blockchain, it is difficult to tamper with the trust creation mechanism widely participated by the public

However, in reality, digital currency exchanges are frequently attacked or even stolen. On June 20, 2018, bithumb exchange of South Korea announced on its official website that the exchange had been attacked by hackers and stolen 35 billion won, about 32 million US dollars of cryptocurrency

Ji Xinhua, known as the first generation of "hackers" in China, said that the blockchain will continue to face attacks, and the process of uploading data to the blockchain is prone to information leakage. Some people in the instry worry that once the super computing power of quantum computing is realized, it will also have a direct impact on the blockchain

Zhao Yao, a special researcher of the Institute of finance of the Chinese Academy of Social Sciences, told this reporter that the academic community has confirmed as early as 2013 that the blockchain is not perfect and there are many "cheating" strategies. As long as there are enough economic incentives, controlling attacks of more than 51% nodes does not only exist in theory

Zeng Guang, Secretary General of Shenzhen Internet Finance Association, said that the blockchain technology itself does not have the ability to do so

3.

Blockchain concept stocks revealed: only 58 of 197 companies have real business landing, and 37 of them are just hot

since October 28, blockchain concept stocks have performed well, with daily trading limit. According to zinc link, these & quot; Blockchain & quot; The main business of listed companies is not blockchain, and only a few of them have real application, most of them are still in the exploration stage

according to Dongfang fortune choice, on October 28, there were 153 companies in the A-share blockchain concept sector, and as of November 20, the number had increased to 197

through sorting out the public data such as interactive trading platform, announcement and relevant news, zinc link found that only 58 of 197 A-share blockchain listed companies have real business landing, and 37 companies said that they are not involved in any blockchain business at present

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4. First of all, we must understand why blockchain issues currency. Generally speaking, blockchain issues currency for two purposes.
first, there is only one purpose for issuing digital currency, which is illegal fund-raising. Using the so-called digital currency is to go to the stock exchange and wait until the price is smashed to make money, The purpose of issuing digital currency is to use it for the later operation of the team, or it is too large-scale. However, the digital currency issued by the company is directly related to the prospect of the project, and the price is unstable
MLM refers to the illegal act of the organizer's 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 by them, or requiring the developed personnel to obtain the qualification to join in on the condition of paying a certain fee. The essence of MLM is "Ponzi scheme", that is to say, the money of later comers is distributed to the income of former comers
new type of MLM: no restrictions on personal freedom, no ID cards and mobile phones, no collective classes, but to use capital operation as a banner to pull people to cheat money, drive luxury cars, wear gold and silver, etc., attract your relatives and friends with money, and finally make you lose your money
in a word, the best way for us to avoid losing everything is not to touch things we don't know!!!

5.

Recently, a photo of Chinese aunts posing at the blockchain conference became popular in the circle of friends, and netizens commented that aunts have been targeted by blockchain. Since the beginning of this year, some illegal elements have carried out pyramid selling activities under the banner of blockchain finance, becoming one of the latest varieties of pyramid selling. Recently, Xi'an City cracked a block chain pyramid selling case

Zhang Yangqiu said that virtual currency, as a new thing, is often used to engage in illegal and criminal activities. It usually controls a small number of indivial or company accounts to absorb and transfer funds, and establishes a pyramid selling network through the Internet to expand the scale of fund-raising. It is difficult for ordinary investors to see the operation rules behind it. She reminded that various virtual currency platforms generally publicize technologies such as "blockchain" and "decentralization", and some of them are also named after international organizations and multinational financial groups, which is extremely confusing. Middle aged and old people must be cautious in investment, and it is better not to set foot in unfamiliar investment fields

content source: Xinhuanet

6.

The five functions of money are as follows:

1, the function of value scale

specific performance: to price and price all kinds of goods in life to measure the value of goods, and the money to measure the value of goods itself is also a commodity with value

2. The function of circulation means: in the process of commodity exchange, commodity sellers convert commodities into money, and then use money to buy commodities. Here, money plays the role of medium of exchange and performs the function of means of circulation. Popular will be the act of buying and selling, hand in money, hand delivery

3. Storage function

specific performance: money withdraws from the circulation field and acts as an independent form of value and the general representative of social wealth, such as the first, second and third generation of RMB, or other commemorative coins

4, the function of means of payment

specific performance: as an independent form of value, currency performs the functions of unilateral movement (such as debt repayment, tax payment, wage and rent payment, etc.), such as interest payment, wage payment, rent payment, tax payment, etc

The function of world currency is embodied in the following aspects: currency performs the function of general equivalent in the world market. Due to the occurrence and development of international trade, the currency circulation goes beyond the scope of a country and plays a role in the world market, so the currency has the function of world currency. For example, the US dollar is the world currency

7.

1、 There are mainly the following definitions of currency:

1. Generally accepted goods used to pay goods and services and pay off debts

2. Goods that act as the medium of exchange, value, storage, price standard and deferred payment standard

3. Excess supply or demand will lead to excess demand or supply of other assets

4

5. No interest is needed to be paid as the current assets of public net wealth

6, the most liquid assets related to national income, etc

In terms of form, money can be divided into physical money and formal money according to the commodity value of money. Physical money itself is a kind of special commodity, including the amount of value, such as sheep, precious metals, etc; However, formal money itself has no value quantity, value is contracted, only contractual value

extended data:

the generation of money:

the function of money as a means of payment is generated to meet the needs of the development of commodity proction and commodity exchange. Because merchandise transactions were initially paid for in cash. However, because the proction time of various commodities is different, the sales time is also different

e to the difference in proction and sales time, some commodity procers need to buy some goods on credit from other commodity procers before their own goods are proced or sold. The transfer of goods is separated from the realization of price in time, that is, the phenomenon of buying on credit. When the debt is paid off on the agreed date after the credit purchase, the currency performs the function of payment means

As a means of payment, money was first caused by the purchase of goods on credit and prepayment, and then graally extended to the field of commodity circulation. In the capitalist society with developed commodity exchange and credit, it has increasingly become a common way of transaction

8. Coin circle must read
1: coin circle has risks
it is well known that everyone's opinions can only be used as your reference. The coin circle is different from the story. It's a matter of minutes; Coin circle is also a place where leek dog farm is unruly. There are not too many legal restrictions, so we need not only to understand information, but also to see luck (focus on the short-term)! Buy their own money, fell into a dog to hold or out of tears, no one will be responsible for your gains and losses. Therefore, the currency market should bear in mind more than the stock market: there are risks in entering the market, and investment should be cautious
2: there is a serious survivor deviation in the coin circle
that is to say, the survivors are basically legends and become the objects of worship and worship! It is similar to that a few of the more than one billion people who have dropped out of school or even don't know Chinese characters have become legends because of their successful entrepreneurship. On the contrary, they are misunderstood by the public as "reading is useless", and Ma Yun, Bill Gates and Warren Buffett, who are all over the Internet, say it. Before speculation, please have a correct understanding of this point of view, otherwise the ups and downs are easy to get sick
3: digging new currency is digging air
this is a little small, absolutely, not completely correct. After all, some projects are recognized by everyone. But most of them are waves of air, the wind blowing eggshell, a wave of flow without a trace! So before you dig the coin, please make sure of your position, how many machines you have, how much computing power you have, your electricity charges, venues and other expenses, whether you want to recover the short-term capital or stabilize the long-term income, all these are the factors you need to consider when choosing the new coin
4: those who hold money to make a fortune are abnormal
this is also a little absolute, but most people can't hold it. After all, money is in it! A lot of sudden wealth is often because of "forget"! Yes, it was fresh at that time, bought some, and then really forgot. Suddenly a few years later, I found that this thing was so valuable, so I found that I had bought a little, so I became rich overnight! Few people hold money with faith. Well, very few. Those who can hold on for several years are either true beliefs or abnormal ones
5: there is no "early know" or "regret medicine" in the coin circle.
if you had known that you bought this and that, you would have been a billionaire for a long time. This can only be used as a usual joke, and can not become your tangled heart. If you had known earlier, bitcoin would not be so scarce, and the whole people would have bought it! Well, maybe buying lottery tickets will make you rich
6: the coin circle has no "obligation"
the word "obligation" is generally reflected in the promised services or goods provided by one party after the establishment of paid contracts such as payment and purchase. Most of the coin circles are freely formed groups. If there is no interest exchange between the two sides, no one is "obliged" to provide help or services for you. Most of the information and sources in the currency circle are analyzed and searched by themselves, and then they judge the authenticity and value by themselves. Don't expect to "have the obligation" to help you make money with others
7: the coin circle will be addicted
in fact, this is a gambling game, and we all know it. And people have the nature of gambling, combined with the above "survivor bias", it is easy to become addicted. So please grasp your own mentality, coordinate your work and life, and so on, whether it is full-time or part-time, mining and hoarding money or trading money, choose a good direction to do it. Don't divide the primary and secondary. It's OK to make a profit, but nothing to lose
8: the difference between coin circle and "MLM"
MLM needs to attract people and make money by charging people's fees! Must pay attention to this point: promise high return, the next charge can join, the superior will charge the lower head fee! The coin circle also needs more people to join, but there is no capitation fee here. It's a game of "take over gambling" created by everyone
both of them need to rely on circles, but one is purely relying on deception, and the other is purely relying on deception! But money circle people should be distinguished from MLM people
the coin circle needs to invest, buy or mine by itself. Everything is open and transparent, and it can deceive others to participate. The more people there are, the higher the value will be. However, I will not promise to return, I will not necessarily sell, and I may even fall
however, MLM uses high returns to deceive the lower family to invest money, and everything is hidden. The upper family's income depends on the Commission, and the lower family is fooled to pay more, and the upper family is fooled to get more commission, until the final fund fails
one is the promised pyramid structure of the air circle, without offline, the overall collapse of the capital market
one is a smooth voluntary gambling circle without commitment, in which no one joins and the circle can circulate by itself
in addition, how many gamblers have participated in MLM
therefore, under the guise of blockchain cryptocurrency, all kinds of organizations and app promotion that need to pay first-class fees, whether it's 5 yuan, 10 yuan or tens of thousands of yuan, are pyramid schemes
9: don't be impetuous in the coin circle
too many myths about making money make many people have great expectations of the coin circle. They enter with a kind of impetuous attitude, and they don't take time to understand what it is. One is to ask which will be a hundredfold coin and which will soar tomorrow? For this kind of problem, the answer given by uni president is that there is no "surge", only too many "mental retardation"! This kind of impetuous mentality has also spawned a lot of "experts" and "analysts". It is accurate to predict when there is a bull market, but no one can see when there is a bear market, and all of them are quiet and don't know where to hide
10: please don't trust "experts and professors" in the coin circle.
as mentioned above, ring the bull market in 2017, all kinds of charge groups, all kinds of indicators, all kinds of line analysis, all kinds of magic dances. Without it, at that time a coin was rising! Looking at 2018, do you still see these people? Ghost shadow can't be found!!! There are also those who analyze all kinds of "pressure lines". This is a psychological game. If you have seen "Oriental Wall Street", you will know that in the first episode, there are manipulators joking, to let those "experts in line analysis" have a bite to eat! Many people think that a certain integer will be a pressure point, so we all think that it will rise or fall at this point! Come on, the stock market is full of fun. There is no restriction at all. There are lots of dog farms. It's like a playful coin ring to smash and pull the market. You should believe these people's lies...

9. It's a money making app, but it needs to be treated with caution.