M-chain of digital currency

1.

It is illegal to invest in the digital currency mchain

the central bank has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. At present, the so-called "digital currency" in the market is not legal digital currency

In addition, the so-called "digital currency" launched by some institutions and enterprises in the market and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud

the official website of the monetary Bureau of the people's Bank of China issued the risk warning on issuing or promoting digital currency in the name of the people's Bank of China. The central bank pointed out that recently, indivial enterprises falsely used the name of the central bank to label relevant digital procts as "authorized issuance by the people's Bank of China", or falsely claimed that the central bank's digital currency promotion team, in an attempt to deceive the public and take the opportunity to make huge profits

extended data

1. The law on the supervision of digital currency is still blank. Digital currency is in a gray area in China, which can be done if it is not prohibited by law. However, there are still some normative provisions on digital currency in China

2. At the end of 2013, the central bank and other five ministries and commissions jointly issued the bitcoin risk notice, which clearly defined bitcoin as a special Internet commodity, and people can buy and sell it freely at their own risk. But it denies its monetary attribute. At this stage, bitcoin cannot and should not be used as currency

3. Mchain, Ruitai, Qianjin, Laite and other digital currencies are all applicable to the definition of bitcoin. Digital currency can exist as a commodity

2. Yes, mchain is a digital currency, similar to the popular bitcoin. At present, mchain is still in the stage of R & D and promotion. In the future, it will realize the general settlement of the whole network. It is a promising virtual currency.

3. Digital currency is a kind of Internet electronic currency with payment and circulation. Mchain is also a digital currency, but it is developed on the basis of blockchain technology and has the characteristics of decentralized and distributed accounting.

4. Digital currency includes legal digital currency, digital currency on the public chain, and electronic currency issued by institutions or alliances. Mchain is the digital currency on the public blockchain for the game instry.

5. Deceiving, only BTC is truly decentralized digital currency, known as digital gold! I haven't heard of mchain. There are a lot of air coins. Be careful of being cheated!

6.

Basic routine: the "trading market" of MLM digital currency is basically controlled by specific institutions. In order to attract investors' investment in the early stage, the currency price may be very high. Once the time is ripe, it will be sold intensively, and the price will plummet, and the investors will lose all their money

There are three characteristics of digital money MLM:

1. Digital money is a real proct, and it is highly packaged

2. The participants can get a head pulling reward, and the prize is the digital currency itself

3. Digital currency will appreciate with the increase of participants in the scam. In the cycle of digital currency appreciation, the number of participants who can obtain digital currency will also increase, and the participants, including the lowest level participants, will also gain, but in the cycle of devaluation, the bottom level participants often lose a lot

in 2017, the Internet Finance Association of Jiangsu Province issued the "internet pyramid selling identification guide", which named 26 so-called digital currencies as illegal pyramid selling projects covered or suspected to be covered with digital currency. They are: treasure money, Baichuan money, SMI, MBI, mark money, Diablo money, mmm, Fuda compound wealth management, carat money, V treasure, Vicat money, petroleum money, Huaqiang money, CB aiib Hong Kong Group, Yuansheng, Morgan money, beta money, WorldCom, u money, Jubao, 21st century fox, Wanxi wealth management, Wanfu money, Wuxing money, Yi money, Zhonghua money, etc

extended materials:

five ways to distinguish whether digital currency is pyramid selling currency:

1. Issuance mode

virtual currency does not rely on specific monetary institutions. It is proced by a large number of calculations according to specific algorithms, and is a decentralized issuance mode. 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 spontaneously formed in the market, which is graally completed by a third party establishing an exchange after the scale is formed. The MLM currency is issued by an institution and traded on its own platform

3. Implementation method

virtual currency itself is an open source program, which is maintained in 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

4, whether to give the source code link

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. The MLM currency focuses on the transaction process of recharge purchase, but does not mention its operation mechanism. Even the website does not have the link address of the source code

5, whether the official website starts with HTTPS

generally, the addresses of the official website and trading website of decentralized digital currency start with HTTPS, and the purpose is that this kind of website can well protect the user's data from illegal theft. But the official website of MLM currency, trading website and other related websites do not start with HTTPS

7. As long as you take good care of your bitcoin wallet, you can prove that this bitcoin is yours.
to ensure the safety of your wallet, you can go to bitcoin channel to read the corresponding articles

8. Looking for agents and customers is mainly about sales

9. At present, digital currency has not been applied, and this problem does not exist for the time being. It is natural to repay debts when there are debts.