Digital currency ether currency scam

1. A number of victims of virtual currency fraud cases distributed all over the country said that they were refused to file a case when reporting to the local police because virtual currency could not be valued and could not reach the starting loss amount of theft or fraud. This situation may be affected by the announcement on preventing the financing risk of token issuance issued by seven ministries and commissions on September 4, 2017 (hereinafter referred to as the announcement). Generally speaking, fraud and other crimes of infringing property rights have the starting point of "large amount" According to the interpretation of the Supreme People's Court on Several Issues concerning the specific application of law in the trial of fraud cases, indivials who defraud public or private property of more than 2000 yuan belong to "large amount". However, the announcement clearly pointed out that "any so-called token financing trading platform shall not provide pricing, information intermediary and other services for token or virtual currency." Therefore, it is difficult for the public security organs to recognize the price of virtual currency displayed on the trading platform, and to estimate the value of virtual currency when the victims encounter virtual currency fraud, so as to determine whether the case meets the filing standard.

2.

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%

extended data

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

3. Eth currency is a fraud. It is specially issued by swindlers to leeks who think they can make a lot of money by buying the digital currency issued by swindlers. Eth currency should be purchased in the exchange opened by swindlers!

4.

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 money

then 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

extended materials:

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

5.

Foreword: e to the hot investment in blockchain projects, many cheaters smell the opportunity, which will make many new participants suffer great losses. The author of this paper, febin John James, shared how to identify fraud, hoping to help everyone protect themselves. Before making any investment decision, we need to do a careful investigation. This article is from hackernoon.com and translated by Guo Zhixing, a blue fox note taking community

I don't know how many people like me have received fraulent text messages like "congratulations on winning a $500 computer...", and "congratulations on winning...", but in the end, they are all scams, without exception

all these years. Internet scams will never die out, they just keep changing their forms. In fact, every new technology is accompanied by new scams. Technological innovation makes fraud easier and easier, because under the protection of new technology, it is more and more difficult to track down cheaters

in the digital currency world, there are three common scams that you need to be alert to:

1. False ICO

ICO, also known as "initial public offering of token", refers to the behavior of blockchain project issuing token for the first time to raise general cryptocurrency such as bitcoin and Ethernet coin. Often through ean's mail, they enter into all kinds of I c o telegram groups. Many projects attract investors' attention by way of free token. If I enter the telegraph group of a project, the first sentence of the project side is "how much do you want to invest?", I'll pull it black right away. Maybe they are not cheaters, but they should talk more about their project vision and procts before they let me invest

before you decide to invest in a project, ask the project owner what problems they want to solve. If they are confused by your technical terms, it's better to leave. Search engines can be used to search whether the project party has ever published content related to digital currency and blockchain. I often judge the quality of the project based on their previous words

cheaters either don't have content, or spend money to write for others, and the quality is usually very low. But also remember, the project team has "big guy", does not mean that the project quality is good. First of all, we need to confirm whether the "big guy" is real or not. Forgery is too simple. V-god, the founder of Ethereum, has been involved in projects he has never heard of

2. Fake information

forgery is a common trick of swindlers, such as pretending to be someone else. It's too easy to open an account on public media. It only takes a few minutes. For example, on twitter, there are many fake accounts disguised as the founder of Ethereum

example: git account with high reputation ((metamask team)

risk warning: all articles of blue fox do not constitute investment recommendation and investment is risky. It is suggested to conct in-depth investigation on the project and carefully make their own investment decisions

wants to get a deeper understanding of the block chain, and pay attention to the official account of "blue fox note" block chain: lanhubiji

6. If bitcoin and Ethernet have different rules, do they have different ways of trading and investment

for a long time, Ethernet has been regarded as a strong competitor of bitcoin. It wasn't until Andreas antonopoulos claimed that Ethernet was no longer a competitor of bitcoin, which triggered a heated discussion on social networks

people begin to compare the two and discuss the differences in investment and transaction between the two digital currencies< According to Chris burniske, analyst and blockchain proct director of ark investment management company, bitcoin is more used for hedging, while Ethereum, which relies on Ethereum to execute smart contracts, is more seen as a trading tool

bitcoin and Ethereum systems are built on the basis of blockchain, in which transactions will be recorded publicly, making currency and asset transactions more convenient and preferential, eliminating the cumbersome middleman
in December 2015, the price of Ethernet currency was less than US $1, but now it has risen to US $15, nearly 15 times in just six months. This achievement is attributed to Ethereum, whose financial contracts are completely executed by software, which has attracted a large number of users to invest

with the previous example of Ethereum, the success of Dao (decentralized autonomous organization) is nothing to make a fuss about. The crowdfunding platform supported by Ethereum raised nearly $150 million from more than 10000 anonymous users. Each participant is given the right to vote, they can allocate funds, choose projects, once the investment project is successful, they can also get a certain degree of dividend reward< At present, there are 670 bitcoin ATMs in the world, and thousands of outlets support bitcoin payment. Unlike bitcoin, Ethereum has not yet emerged in the field of electronic payment. At present, the main purpose of Ethereum is to support Ethereum network (such as Dao) to run programs<

David ccini, executive director of the strength in numbers foundation, said:

users have different expectations for Ethernet and bitcoin. Both cryptocurrencies can be used for speculation, but the original function of Ethernet currency is to support the operation of applications. Therefore, users need enough Ethernet coins to run their own app. This is also the problem faced by Dao - unless Dao can continuously generate new Ethernet coins, the payment platform will be in danger of outage.

7. Ethereum is not a scam, but there are countless scams designed by criminals around Ethereum. The best way to avoid Ethereum scams is not to trust the guaranteed return on investment and manage your own money bag. Choose a formal digital currency exchange to invest. At present, the mainstream digital currency transactions in the market are all coin security, fire coin network, bitnet, etc.

8.

It can not be said to be a fraud, but there are certain risks, because digital gold currency is a form of physical currency, and its deposits are measured in gold rather than legal currency. Therefore, the purchasing power fluctuation of digital gold currency is related to the gold price. If the price of gold goes up, it becomes more valuable. If the price of gold goes down, it loses value

since there is no specific financial regulation to regulate digital gold money suppliers, they operate in a self-regulation way. Digital gold money suppliers are not banks, so banking regulations are not applicable

extended data

to explore the connotation of digital currency, we must clarify some concepts of model lake. For example, is it legal digital currency dominated by the central bank or illegal private fixed digital currency; Encryption of digital currency or electronic currency; Is it "selling dog meat with sheep's head"; "Bad money"

new technology does make the conceptual boundary of money more blurred. Theoretically speaking, the new monetary economics points out the possibility of the disappearance of money, that is, legal paper money is no longer the only medium of transaction, and is eventually replaced by financial assets issued by the private sector that generate monetary income

in reality, although the status of fiat money is still unshakable, there have been various local scenes of private money in history, such as the universal warra system in Germany in the 1920s. Now the digital currency with the characteristics of decentralization makes the challenge of private currency increasingly prominent< br />