Can Ethereum be banned

1.

It is illegal to issue virtual currency privately

According to Article 29 of the regulations of the people's Republic of China on the administration of RMB, no unit or indivial is allowed to print or sell token tickets to replace RMB in circulation on the market

In addition, the "emergency notice of the State Council Office for rectifying unhealthy tendencies in the instry, the State Economic and Trade Commission and the people's Bank of China on prohibiting the issuance and use of various token certificates (cards)" also strictly prohibited similar issues

extended data

virtual currency refers to non real currency. Well known virtual currencies, such as online currency of Internet company, q-coin of Tencent company, q-point and voucher of Shanda company, micro currency launched by Sina (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), silver grain (used for bixue Qingtian game), and popular digital currencies in 2013 include bitcoin, Laite coin, infinite coin, quark coin, zeta coin, etc Barbecue coins, pennies (Internet), invisible gold bars, red coins, prime coins. At present, hundreds of digital currencies are issued all over the world. Popular in the circle & quot; The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum"

market formation

the Internet has led to the emergence of a new market, which is a virtual market based on cyberspace. The Internet provides a lot of communication places for consumers, and also provides business market for enterprises. Enterprises must change from proct centered to service centered to customer centered. With the development of computer artificial intelligence technology and database technology, enterprises can conveniently collect customers' information, understand customers' needs in time, change business strategies and grasp economic arteries in real time

With the rapid development of computer and network communication technology, the application of Internet technology has graally penetrated into various fields of human activities, and the unlimited business opportunities that it contains make businesses turn their eyes to e-commerce. E-commerce is penetrating into all aspects of social and economic life at a speed that people can hardly imagine

the traditional finance is also closely watching this irresistible trend of global economic integration and networking. As a result, value-added services take art as the selling point and can be regarded as commodities; The sword in the game is not a brand-new financial services business philosophy - e-finance came into being

from the historical development process, to understand e-finance, we must start from the electronic finance and e-commerce. The so-called e-financialization means that financial enterprises adopt modern communication, computer, network and other information technology means in addition to Internet technology to improve the work efficiency of traditional financial service business, rece operating costs, realize the automation of financial business processing, informatization of financial enterprise management and scientific decision-making, and provide customers with faster and more convenient services, And then enhance the financial enterprise is the behavior of market competitive advantage

e-finance is a transcendence of financial electronization. Different from the electronic finance, the main technical basis of e-finance operation is the increasingly perfect Internet technology. Due to the characteristics of global connectivity, openness, quickness and low marginal cost of Internet technology, e-finance strengthens the restructuring and innovation of financial services business based on Internet technology, so that customers are free from the restrictions of business hours and places, and enjoy all kinds of high-quality and low-cost services provided by financial enterprises anytime and anywhere

with the development of Internet, the form of money is becoming more virtual, and there is an electronic money that only exists in the form of electronic signal

reference source: Network: virtual currency

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%

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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. At present, there is no objection to indivials holding cryptocurrency in China, but it is not allowed to trade or exchange in kind, that is to say, it is allowed to hold but not to circulate

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. This is impossible. Just to say that coin an intelligent chain is compatible with Ethereum, coin an supports Ethereum very much. This is a gimmick added by some people for attraction.

6. First of all, what ADA does is the concept of smart contract. I think you should be familiar with smart contract, but for some new people, I still want to explain. The so-called smart contract is to write a contract that the computer can understand through the programming language, because there is no need for a third party, and the executor of the contract is a selfless computer, so it solves the problem of trust between people. For details, please refer to GitHub smart contract
Ethereum is a blockchain smart contract. Now Ethereum ranks 2-3 in the market value ranking, with a market value of 25% of bitcoin. However, Ethereum also has some problems, such as slow trading, high fuel costs and the mining mechanism that has been criticized repeatedly. Familiar? All of bitcoin's problems are with Ethereum. Some time ago, the Ethereum cloud cat game developed on Ethereum went online in the first week, directly blocking Ethereum's trading network. I tried to pay a high gas fee of nearly 100 yuan, but I still couldn't transfer it successfully. This can't help but lower my expectation of Ethereum. Ethereum is a great idea of V God, but after all, it is a pioneer, and there is a long way to go from perfection.

7. Both of them are not compliant. It is estimated that the platform will be closed before it is sealed up

8. You can identify whether this enterprise is suspected of pyramid selling according to the three standards of the "Regulations on the prohibition of pyramid selling". If their actions comply with the regulations, they can go to the official website of the Ministry of Commerce to check whether the enterprise has been approved by the Ministry of Commerce and obtained a direct marketing license. If not, then it can be determined that this is a pyramid scheme, which is illegal.

9. It's only a matter of time before companies use monetary incentive software, judging from the issue of virtual currency released by Facebook. Enterprise managers will graally accept new things in this process
from the traditional monetary incentive is through the current salary incentive, which is effective for short-term incentive, but in the long run, such monetary incentive has no effect. If the currency is changed into a kind of deferred cash currency, this contradiction can be well solved
the cash currency account is an internal recognized cash account opened by the enterprise for each employee on the teamtoken platform. The corresponding relationship between cash currency and RMB is 1:1. The enterprise can use the unlimited wealth of the enterprise in the future to help the current rapid development and use the unlimited power of the future to ensure the current steady rise by issuing cash currency to employees
for example, if an employee's salary is 10000 yuan, the enterprise can pay 2000 yuan in cash to the employee every month, and a will withdraw or purchase material benefits at a certain time point in the future (set by the enterprise), so as to achieve the effect of internal and external incentives on the employee without immediately increasing the current cost of the enterprise. This is the innovative monetary incentive for employees
the creator of teamtoken employee wallet is the enterprise management software cloud (SaaS) with incentive as the core. The core value is to provide each employee with an employee wallet, so that each employee has his own integral account, cash currency account, virtual stock account, option account, enterprise annuity account, etc, It also provides an application ecology with incentive as the core, including team collaboration software, performance management software, CRM software, etc. these software are also the data source of employees' wallets, so that collaboration, performance, sales and other work can reflect the recognition of employees' work in real time, and reward corresponding points, cash, stocks or options, etc, Make management more incentive effect. The navigation and authority settings are clear, multi-functional and in-depth, suitable for large, medium and small enterprises. Open port, which can be embedded in nailing and enterprise wechat. It mainly helps enterprises to motivate employees from the following aspects:
1. Let every employee have three accounts that dynamically store incentive value
1. Integral account (quantitative process, recognition feedback) integral account, recognition feedback
quantitative process, recognition of incentives, points obtained through behavior, task, report, performance, etc., points can be used as the basis for reward, user-defined points standards meet the needs of enterprise personalized points reward, multidimensional points statistics, 360 degree comprehensive analysis
2. Cash account (reward achievement, medium and short-term incentive)
enterprises issue digital currency (token) to motivate employees, and cash currency can withdraw cash, purchase benefits, subscribe virtual shares, etc. in the future. It can be applied to performance bonus, Commission Award, special award, year-end award and other scenarios. Cash currency is issued with enterprise credit as endorsement. Enterprises use future funds to motivate current employees<
consumption right
employees purchase welfare goods through "consumption right + cash currency" or "consumption right + points", and the consumption right is obtained through rewards
consumption right is like the "food ticket" in the era of planned economy, which is the key for enterprises to release welfare in a planned way
withdrawal right
generally speaking, employees can apply for withdrawal faster with withdrawal right, The enterprise controls the timing, amount and group of cash cash by issuing the right of withdrawal. The management of the right of withdrawal has a great relationship with the cash flow of the enterprise, and it is issued by the enterprise according to its own situation
subscription right
only employees holding the subscription right can subscribe for the virtual equity issued by the company. Enterprises control the group, quantity and opportunity of holding the virtual equity by issuing the subscription right. Employees holding the virtual equity are the key training objects. Generally speaking, only employees with long-term incentive can be issued the subscription right
3. Stock account (talent retention, long-term incentive)
the purpose of virtual stock is to retain talent (long-term incentive), and the virtual stock corresponds to the dividend right. Employees obtain the virtual equity of the enterprise through enterprise reward or their own subscription of virtual stock, and enjoy the right of weighted dividend every year. Virtual stock can also be used as the pre holding mode of restricted stock of core executives and co founders
4. Work application tools: get through cash coins and points, and quantify and reward work achievements in time
task collaboration: task management, quantitative scoring of task quantity, task difficulty and completion quality with comprehensive points
performance management: get through performance and cash reward
CRM (to be launched soon): quantify customer management and sales management with points, and reward work performance with cash reward
blockchain +, Store employee's digital assets in the enterprise
the enterprise issues cash coins for employee incentive, cash currency account book, record employee's cash coin transfer record and equity registration, which are used as the company's equity register
welfare mall
thousands of welfare goods are put on the shelves with one click, and employees purchase benefits through points and cash currency
it will be a trend for enterprises to use monetary incentive.