Unveiling pyramid scheme of digital currency

1.

We need to call the police. This belongs to currency fraud. We can't blindly trust the virtual investment platform that can easily earn a lot of money. Fraud gangs often use "small investment, big income" as t to let investors taste the sweetness first and then increase investment, so as to achieve the purpose of fraud

at present, the so-called "digital currency" in the market is not legal digital currency. The so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud. It is necessary for the general public to raise their risk awareness, invest rationally and prudently, and prevent the interests from being damaged

extended information:

five ways to distinguish whether digital currency is MLM currency. virtual currency does not rely on specific monetary institutions to issue, it is based on a specific algorithm, generated through a large number of calculations, is a decentralized way of issuing. Each different terminal node is responsible for maintaining the same account book, and the maintenance process is mainly to package and encrypt the transaction information by the algorithm, while the MLM currency is mainly issued by a certain organization, and the profit is made by pulling the head

2. Transaction mode. Virtual currency is a kind of sporadic transaction formed spontaneously in the market. After the scale is formed, the third party graally establishes an exchange to complete the transaction. The MLM currency is issued by an institution and traded on its own platform

3. The virtual currency itself is an open source program, maintained in the GitHub community. The parameters and methods of the total amount limit are shown in the open source code. The open source of MLM currency is completely ing other people's open source code, and there is no use of open source code to build programs, so its essence is controlled by the website like Q currency

Whether the source code link is given. The general decentralized digital currency will give the source code link in the prominent position of the official website, so as to show the operation mechanism of the monetary system openly and transparently. What MLM currency focuses on is the transaction process of recharge purchase, not to mention its operation mechanism, and even the website does not have the link address of the source code

5. Whether the official website starts with HTTPS. In general, the addresses of the official website and trading website of decentralized digital currency begin with HTTPS. The purpose of this kind of website is to protect users' data from illegal theft. But the official website of MLM currency, trading website and other related websites do not start with HTTPS

2. The so-called digital currency is MLM empty handed set white wolf

3.

Yes

According to Article 7 of the regulations on the prohibition of pyramid selling issued by the State Council, the following acts belong to pyramid selling:

1. Organizers or business operators, through developing personnel, require other personnel developed by the developed personnel to join, and calculate and pay remuneration (including material rewards and other economic benefits, the same below) to the developed personnel based on the number of personnel developed directly or indirectly, Seeking illegal interests

The organizer or business operator, through the developer, requires the developed person to pay the fee or pay the fee in disguised form by way of subscribing for commodities, so as to obtain the qualification of joining or developing other persons to join and seek illegal interests

3. The organizer or operator, through the development personnel, requires other personnel developed by the development personnel to join in, forming the relationship between the upper and lower line, and calculates and pays the online remuneration based on the sales performance of the lower line, so as to seek illegal interests

extended information:

precautions for digital currency investment:

digital currency itself has speculative risk, lacks actual exchange value, and its own value is not based on currency anchor. It is easy to be affected by regulatory policy changes, the price of digital currency rises and falls sharply, and retail investors blindly follow suit, which is easy to suffer heavy losses

the digital currency platform lacks supervision, and the whole instry is mixed up. Although some people have bought digital currency, they do not have the characteristics of digital currency technically. It's easy to fall into the black hole of illegal fund-raising, and the money in your pocket will disappear

in the process of investment, the market changes, and many investors are often too emotional and not good at controlling the investment behavior. When the market is good, they are crazy, when the market is bad, they are not good at controlling when they need to turn to caution, they can't stop the car, and they can't control their emotions

4. It is wrong to say that China's digital currency comes from the people, because it comes from the present. Science.

5.

The popularity of digital currency is very high in recent years. People have different opinions on digital currency. Some people support it, while others think it's just another gimmick. As ordinary people, we can invest in digital currency, but at the same time, we should be alert to those who use digital currency to defraud or even pyramid schemes. GEC environmental protection currency has been popular in Hubei for a period of time. Many people have promoted this so-called new digital currency. However, after the investigation by reporters and police, it is found that this digital currency is actually a fraud{ RRRRR}

MLM organizations exist all the time, but they often change their face. They use whatever is popular to publicize . Now that digital currency is popular, they use digital currency to cheat. Here, I also hope that the police can take these groups seriously and try to bring them to the end

6.

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 />