Blockchain scam

blockchain is not deceiving, but deceiving people under the guise of blockchain. In fact, blockchain scam is to make use of people's ignorance of the technology, and then fraudsters rely on various and fancy means to set up scams. Many people only look at the surface when making investments, and finally fall into the trap of high profits

in the current society, more and more people are willing to take this risk to make investment in order to get rich returns, but not all of them can make profits. After all, where there are interests, there are many people waiting, and they will set traps for people to take the t

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blockchain is a technology. In short, this technology is a new way of data management based on cryptography. Blockchain technology has broad application prospects because it has the advantages of decentralization, non tampering, tracing and so on. And issuing currency is a kind of behavior derived from blockchain technology. At present, the vast majority of blockchain applications which mainly focus on currency issuance and speculation are suspected of illegal fund-raising

blockchain technology is still in early development, and it is difficult to apply it. If you only rely on a white paper to claim that there is an application, it is a deception in itself

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

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Some time ago, a picture of Chinese aunts appearing on the scene of the blockchain conference became popular on the Internet. For a while, it caused a heated discussion. Netizens said one after another: "aunts have been targeted by the blockchain." In fact, since a few years ago, when the concept of blockchain came out, there have been some illegal elements carrying out pyramid selling activities in the name of blockchain, which has become one of the latest varieties of pyramid selling. In fact, with the development of blockchain, all kinds of virtual currencies emerge as the times require. Most of them are scams. In the name of "virtual currency" and "blockchain", swindlers carry out scams. This is mainly to make use of the psychology that investors do not understand virtual currency and blockchain, but want to catch up with the upsurge of virtual currency investment. This kind of scam seems complicated, but it is also very simple. However, once it is cheated, it is difficult to recover the investment

in a word, blockchain technology is not a fraud, but is used by swindlers to cheat investors by using information asymmetry

A few days ago, the person in charge of ant financial services said that we should be alert to all kinds of deceptions in the name of blockchain, and let this technology that should have proced greater value become a victim. He said that the next year's block chain is likely to usher in the collapse of the bubble, but this also means that the real value of the block chain is beginning to emerge. p> The four challenges are security, information protection, transaction performance and incentive mechanism. For example, in the aspect of information protection, effective technical solutions need to be found between the information protection demands of sensitive information and trade secrets (not let others know) and the consensus of multi-party participation (let more people know), etc

experts said that we should be alert to all kinds of deceptions in the name of blockchain, and let the technology itself, which should have proced greater value, become victims. In the coming year, the block chain will probably usher in the burst of bubbles and the emergence of real value, and will also usher in scale applications in the commercial field within 2-3 years. p>

Article source: bit110 network