Is blockchain a trap or a pie

1.

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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precautions

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

2. It can't be said that all of them are deceitful, but there are some

3. Regardless of any form, as long as it is a token, it cannot be traded in China, because according to the relevant provisions of the Internet security management measures, digital currency trading is not allowed in China.

4.

1. Most people don't know what a blockchain is

compared with traditional stocks, real estate, bonds, gold, etc., blockchain assets are a very abstract and virtual form of assets. Blockchain assets represented by bitcoin are a very specialized computer language and program running mode, There is no credit endorsement from any country behind it, nor does any enterprise give it securitization income, which completely depends on the mutual consensus trust between strangers. In this case, although the operation logic of decentralization has been completed, its experiment is only in the initial stage and development stage, and participating in relevant investment is actually a kind of brave adventurer behavior

2. The price of blockchain assets fluctuates violently

because there is not much support from the use level of entities, many blockchain projects are completely dependent on community operation and market speculation, so it is difficult for investors to hold blockchain assets from the perspective of value investment, which leads to frequent capital flow, and the situation of price fluctuations has become a normal. A blockchain related token can soar by 500% in a day, or fall by 90% in a few hours. This kind of drastic price fluctuation is not affordable to ordinary investors

3. The uncertainty of national policies is too great

as an underlying technology, blockchain has basically accepted its value all over the world. However, as the "companion proct" of blockchain, there are still great disputes on national policies, and with the continuous increase of digital currency trading volume, the impact on the global financial market is also increasing. At present, the daily trading volume of the whole digital currency field exceeds US $60 billion, which is comparable to the trading volume of China's Shanghai and Shenzhen stock exchanges, or the average daily trading volume of the New York Stock Exchange. It is impossible to continue to operate outside the supervision. There is a very large regulatory game cycle, and the policies of various countries in this regard may be introced one after another, The impact on the market cannot be ignored

4. All kinds of blockchain projects are good and bad

blockchain technology is originally a very basic architecture technology. At present, e to the global pursuit of funds, many project parties who have nothing to do with blockchain begin to use the concept of blockchain to design procts, And can complete the writing of the white paper of blockchain in a very short time, and then raise market funds. In this case, the technical threshold of the whole blockchain has been lowered. Many companies without the strength and willingness of blockchain development have developed the concept of blockchain purely to obtain financial support, resulting in the flooding of projects. The gap between projects is widening, but ordinary investors are difficult to identify and easy to fall into the trap

5. Currency speculation is not equal to blockchain investment

at present, there are many views that blockchain and digital currency are a whole. You can't develop blockchain technology while suppressing digital currency. I agree with this logic, but currency speculation is not the same as blockchain investment in the real sense. The thing with real investment value must be the thing with scarce supply. If any digital currency is issued, it can represent the application value of the blockchain and bring some innovation to the society. Then any blockchain technology team that can issue digital currency can issue dozens of digital currencies and change its name in a very short time. Therefore, digital currency itself has little logical relationship with blockchain assets. Blockchain projects must be a market with obvious scarcity, but digital currency does not have great scarcity. This is like saying that any Internet company can develop a chat software similar to wechat, but the chat software itself does not have much value. The real value lies in how many people participate in the chat software. Digital money is just a chat software. The current situation is that everyone is frying the software, and few people are concerned about what is on the software. p>

6. Short term overheating, easy to be used by lawless elements

the particularity of the blockchain instry is that many of the ecology has become very financial, in the whole process of operation, capital will be very concentrated, and most of the links are related to capital. From raising funds by ICO to sending tokens to investors, to online trading of exchanges, and trading of tokens by users in exchanges, the whole process is almost full of financialization. If the practitioners are not professional enough, have no self-discipline ability, and lack of supervision, then every link may be used by criminals to manipulate the market, Obtain all kinds of illegal income

In order to catch up with the next round of financial technology and digital revolution, Japan holds a very open attitude towards bitcoin and other transactions. Digital currency transactions denominated in Japanese yen occupy half of the whole legal currency trading area in the world, Japan hopes to use digital currency to revive its financial competitiveness. The United States hopes to use mainstream financial markets, such as futures and options derivatives market, to tame bitcoin and make it another powerful tool for us dollar hegemony. And China is also trying to promote sovereign cryptocurrency, one of the important purposes is to promote the internationalization of RMB. The field of digital currency and blockchain assets is likely to become the next big country's game and contention point, which will virtually increase the systematic risk to investors. It's hard to know what unexpected policies appear behind this big country's game and what impact they will bring to the whole market

8. The threat of quantum computer

blockchain generates a set of self-motivated system to ensure that it can run on its own under decentralized conditions. Most of them use asymmetric encryption, and use the corresponding public key to verify the transactions signed by the private key, so as to ensure that bitcoin and other blockchain assets can only be used by legitimate owners. But quantum computer can solve the problem of asymmetric encryption. Quantum computer can calculate the private key from the public key in a few minutes. After knowing all the private keys, people with quantum computer can spend bitcoin and other digital currency at will. Of course, when the quantum computer will come out is also a problem. The digital currency protocol is constantly adding new encryption standards, but the potential threat brought by the quantum computer has to attract the attention of investors

9. There is a possibility of a big reversal in the supply and demand level

the market value of the blockchain token market has hovered around us $trillion. Although OTC funds are still pouring in, the stability and growth rate of the capital inflow are questionable. The supply of encrypted digital currency is a very embarrassing thing. From the perspective of a single digital currency, the total amount is strictly limited. For example, there are only 21 million bitcoins, but the threshold of issuing encrypted digital currency is getting lower and lower. Anyone and any organization can issue encrypted digital currency anytime and anywhere, and the supply is almost unlimited. On the other hand, the increasing transaction cost is restraining the demand side. At present, investors in the transaction link need to pay the transaction fees in the exchange, and also pay the miners' fees when transferring money. If countries begin to tax digital currency transactions in the future, it means that this market will have to bear more operating costs without generating its own profitability, If coupled with the increasing supply level, the overall market supply and demand expectations may reverse in a moment

10. Lack of legal protection for blockchain assets

it is not uncommon that global digital currency exchanges have been "hacked", and in the process of all kinds of over-the-counter and on-the-spot transactions, fraud also occurs from time to time, and the legal protection for investors is very limited. Especially for domestic investors, once they are stolen or cheated because of trading digital currency, it is almost difficult to recover effectively. Due to the lack of intermediary guarantee from banks and other levels, the security of digital currency is entirely under their own responsibility. Although this is in line with the logic of self preservation of private property, it also brings greater uncertainty to the storage and transaction of digital currency assets. Before there is no complete legal system to protect the rights and interests of personal digital currency assets, the legal security of investment in blockchain related assets is a very serious problem

5. Behind the myth of ICO's sudden wealth: Financing Game of licking blood with knife edge. Unless the Internet is cut off, the booming ICO cannot be isolated. The first batch of "water testers" have already made a lot of money, while the successors are just like passing the river“ A young man selling mobile phones in Shanghai invested 200000 yuan from his parents in a blockchain ICO project two years ago. In the first half of this year, he found that the account assets had soared to 6 million yuan; There is also a small private equity partner who has invested 30 million or 40 million yuan in several ICO projects in the past two years, and now the assets have reached 3 billion yuan. " On August 29, Sun Jie, a senior ICO player in Shanghai, revealed that a similar legend of sudden wealth is on the market every day. The reporter learned that when the hot degree of ICO has far exceeded the market imagination and caused the close attention of the regulatory authorities, the debate on the crime and punishment of ICO is also rampant. However, investors in the market turn a deaf ear to these voices, because in their view, if they don't really participate, they can't realize the stimulation and risk of ICO. How does ICO play“ Different from the fraud in which virtual tokens are issued indiscriminately and suspected of illegally absorbing public deposits in the market, ICO is the abbreviation of the first public offering of digital tokens. At present, the domestic projects that have completed financing and are about to ICO are basically related to the blockchain technology. These project issuing teams complete the first round of financing by issuing their own designed digital tokens. However, these digital tokens are not subscribed by investors in cash. Instead, they need to subscribe for general digital currencies such as bitcoin or ethereal currency, and then use the digital currency they hold to subscribe for ICO project tokens. This makes the ICO project avoid the suspicion of illegal absorption of public deposits. Many outsiders think that investors directly use cash to subscribe, but it is not. " On August 30, Liang Ming (pseudonym), founder of a blockchain technology company in Shanghai, told this reporter. According to Liang Ming's statement, reporters also tried to register an ID number on a domestic digital currency trading platform, and found that ring the verification of identity, they must also input the ID card number by real name system, upload the positive and negative photos of identity cards, and upload photos of personal handheld identity cards. After such steps, you can become a digital token investor to participate in ICO“ Every investor must have a real name system. If he doesn't subscribe for bitcoin or ether coin, he can't trade. This also explains why since this year, despite the repeated rectification orders issued by the regulatory authorities, the rise of bitcoin and other prices can't be stopped at all, because the trading medium of ICO is general token. " Liang Ming said. What is the probability of ICO's sudden wealth? Take a look at the small ant coin ICO completed by Shanghai small ant technology. According to the search, as of August 25, Neo (prototermite stock) has increased as much as 282 times since it completed the ICO and went online in September last year, and this rate of return far lags behind the success rate of IPO; The second ranked Shanghai quantum chain (qtum) launched its ICO on cloud coin in March this year. The issue price was 2 yuan. On the day of issue, the opening price was 66.66 yuan, up 33 times a day. After that, the price dropped all the way to more than 20 yuan, and then soared to about 57 yuan. Such a sharp rise and fall of ICO makes countless investors become excited, desperate to rush in. According to the report on the development of domestic ICO in the first half of 2017 recently released by the national Internet financial risk analysis technology platform, in the first half of this year, 65 domestic ICO projects have been completed, with a total financing scale of 2.616 billion yuan and 105000 participants. According to the analysis of instry insiders, the number of people participating in ICO is definitely more than 105000, conservatively estimated to be more than one million.