Interview with digital currency

1. There is no digital currency. First of all, the one in your hand is not called digital currency. You can define the network digital currency by yourself. In a word, currency is compulsory recognized by the state, and digital currency can only be recognized by the state. China's currency is only RMB, and digital currency is only digital RMB

2.

1. The concept range is different. bitcoin is a kind of digital currency, and the concept of digital currency covers bitcoin

However, some digital currencies have independent issuers

The biggest difference between bitcoin and other virtual currencies is that the total quantity of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million

digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy. Bitcoin is a digital currency

digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold

today's digital currencies, such as bitcoin, lettercoin and ppcoin, are electronic currencies created, issued and circulated by means of check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency

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illegal digital currency

in recent years, "virtual currency" represented by bitcoin, Ethernet currency and Leyte currency has been traded centrally on some Internet platforms. With the help of financial technology, the price of these "currencies" has graally spread to investment, financing and other financial fields, which has aroused wide attention from all walks of life

not long ago, the people's Bank of China and other seven ministries and commissions jointly issued the announcement on preventing the financing risk of token issuance, which clearly regulated the relevant behaviors. Experts pointed out that "virtual currency" is not legal tender (legal currency) issued by monetary authorities, but a specific virtual commodity in essence

therefore, it is undoubtedly a great legal and economic risk to think that "virtual currency" has or will have the nature of legal tender and to carry out speculation, network fund-raising, lending and financing

3.

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

4. Generally, the ranking is not reliable for two reasons:

1. Trading volume. Bitwise and Bti reports show that most of the trading volume of the head exchanges is water injection or "washing volume". Domestic exchanges are more serious, and even some exchanges have washing volume as high as 90%. Specifically, I don't guide public opinion and have no interests. You can search by yourself according to the above keywords. There are a lot of news< 2. Advertising strategy of ranking platform. At first glance, you may feel fair and beautiful, but where you don't easily pay attention, the operation of these platforms is very sneaky. For example, if you look at the second page of some ranking platforms (because you only pay attention to the first page, and the second page will not turn), all kinds of ghosts and ghosts are on it, and the weak trading volume is also on it. It's a shop bully. So we still have to clean our eyes

how to choose? Move back the priority of trading volume in your mind, and see what negative comments the exchange has, what controversial currencies are on it, and what functions you want to try. Just sort them out by yourself.

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. Mobile phone numbers, ID number, bank card number, name, phone number, and so on. I don't feel very clear about the truth. I always think it's pyramid selling. I remember an old man who came to take the 99 low end intelligent machine and then said it. She wants to buy Apple 6 7, should be recommended to her that can make a lot of money

7. It's no use suing the recommender. They just recommend it, and they don't have to let you invest. You can only sue the investment company.

8. It's sad that I didn't even know when I committed a crime. Voluntariness is the most unreliable evidence to overturn a case.

9. It's not your problem. It's automatically thawed in six months
if you give someone else's ID card or apply for someone else's card, you need to cooperate with the local public security bureau to cooperate with the investigation. No problem will be solved

10. What does it mean to set the entered market value of currency? Just like a stock, digital currency can be traded in the whole network exchange in the form of stock