Focus on virtual currency

1.

Background: the financial application of blockchain technology brings high investment value

2018 China international big data instry Expo opened in Guiyang City, Guizhou Province on the 26th. At the meeting, it was pointed out that China will vigorously develop the digital economy in the future, deeply implement the action plan for the development of big data and cloud computing, and deeply study blockchain technology and application. Especially in the field of finance, the landing application has become the focus of the scientific and financial circles

1. The value source of blockchain is that it can perfectly solve the pain points of the current financial instry:

in today's asset securitization, insurance, supply chain finance, commodity trading, asset custody and other financial scenarios, e to many participants, high cost of credit evaluation, low settlement efficiency of intermediary institutions and other reasons, Traditional financial service methods are difficult to effectively solve the long-standing core pain points in the instry, such as information asymmetry, complex and rendant processes, and high information verification cost

2. Why can blockchain solve the above pain points:

blockchain technology integrates many basic technologies, such as distributed accounting, tamper proof, built-in contract, etc., and constructs a trust building mechanism with lower cost. The financial application based on blockchain technology can realize the ability of all market participants to obtain all transaction information and asset ownership records in the market without discrimination, and effectively solve the problem of information asymmetry; Smart contract embedding reces the error rate of payment and settlement, simplifies the process and improves efficiency; At the same time, based on transparent information and brand-new trust mechanism, there is no need to spend manpower, material resources and financial resources to confirm information among participants, which will greatly rece the trust cost between institutions, and then rece the price of financial services and transaction costs

3. The application of blockchain technology in the financial field mainly includes the following aspects:

① digital currency

among which bitcoin is the most famous. On the basis of bitcoin, a large number of other types of decentralized digital currencies have been derived. Such as: the heyday of bits

Compared with the traditional payment system, blockchain payment can directly carry out end-to-end payment for both parties without the help of the banking system, which can greatly improve the speed and rece the cost

③ digital bills

④ bank credit management: the advantage of blockchain is that it can rely on program algorithm to automatically record credit related information and store it on every computer in the blockchain network, with transparent information, tamper proof and low cost

The major financial institutions and exchanges in Europe and the United States have explored the application research of building the next generation of financial asset trading platform based on blockchain technology

4. The development prospect of blockchain. The future development of blockchain technology will have the most vitality with alliance chain as the entry point, and will have a significant effect and far-reaching impact on the transformation of traditional financial instry pain points

in response to the good investment prospects of blockchain, domestic enterprises such as Alibaba, Jingdong and Netcom have entered the market. The application of financial scenarios based on blockchain technology not only brings us security and convenience, but also provides us with broader investment space. The rise and price surge of digital currency represented by bitcoin (bitcoin was about RMB 20 cents when it was first listed in 2009, and its current price is about US $7300!) It's the best proof that people with a keen sense of smell have made a lot of money from it

Abstract: This is an encrypted digital currency based on the bitcoin developed by Nakamoto Tsung, which improves and adds many new functions, such as the double-layer reward system network, also known as the main node network. It also includes anonymous payment to improve the interchangeability (bitage) and real-time payment function docking to realize real-time transaction confirmation without relying on the authority of the center (P2P mall)

In 2009, Nakamoto put forward the concept of bitcoin. Since then, bitcoin has spread rapidly in mainstream applications and commercial uses, becoming the first digital currency to attract a large number of users, which is a milestone in the history of digital currency. However, from the perspective of completing the transaction, we can find an important problem, that is, it takes too long for bitcoin block to confirm the transaction. Traditional payment companies have found a solution to enable the buyer and the seller to realize zero confirmation of bitcoin transaction, but this solution usually requires a trusted third party to complete the transaction outside the agreement

bitcoin provides pseudonym transaction, realizes the one-to-one transaction relationship between sender and receiver, and can always record the transactions occurred in the whole network. Bitcoin only provides low-level privacy protection, which is well known in academia. Despite this deficiency, many people still believe in the transfer history recorded by blockchain

based on Nakamoto's achievements, bitshengshi is an encrypted digital currency with the purpose of protecting privacy. We have made a series of improvements on the basis of the concept of bitcoin, resulting in a decentralized cryptocurrency with good anonymity. It supports tamper proof real-time transactions, and has a point-to-point sub network that can provide service reward system for bitsheng network

2. Master node network

the whole node is the server running on the P2P network, so that small nodes can use them to accept the dynamic changes from the whole network. These all nodes need significant traffic and other resources that consume a lot of cost. Therefore, it will be observed that the number of these nodes on the bitcoin network presents a steady downward trend over a period of time, so that the block broadcast time needs an additional 40 seconds. In order to solve this problem, many solutions have been put forward, such as the introction of Microsoft Research's new incentive plan and bitnodes incentive plan

Figure 6: mining reward model

2.

Yes, yunzun coin has been confirmed as MLM. Yunzun coin and Wuxing coin belong to the virtual currency of yunzun group

Relevant reports:

in 2013, an organization called "Cloud Data Trade" was designated as one of the top ten pyramid schemes by the State Administration for Instry and Commerce and the Ministry of public security, and its leader Zhang Jian fled to Southeast Asia

I thought that this MLM organization would be wiped out, but what I didn't expect was that the reporter of jinyang.com recently received a report from the masses, and "Cloud Data Trade" not only didn't disappear, but made a big comeback with a new "vest"

according to the police's notice, since 2012, the suspect Song Ming autumn (Zhang Jian is the pseudonym of song) relies on the cloud number trade alliance website, with high rebate as t, requires participants to pay different amounts of fees, become indivial certified merchants, enterprise certification merchants and alliance certification merchants, and then pay dividends and bonus according to the participants' offline development. Participants in accordance with the time to join and the amount of investment to form a certain level

by the end of the case, more than 190000 members from 28 provinces had been developed, involving 160 million yuan

this case was also listed as one of the top ten MLM cases in that year

After that, Zhang Jian fled to Southeast Asia and other countries. First, he came to Malaysia to continue to carry out pyramid selling and develop 80000 people. Then, he came to Thailand to set up a company named Cloud Data Trade under a false identity and continue to engage in pyramid selling activities in Thailand

at the end of October 2014, Zhang Jian was arrested by Thai police

according to people familiar with the matter, Zhang Jian was released from prison in Thailand on November 25, 2016, and then began to make a comeback of "five element coin"

at this time, Zhang Jian, packaged by his friends, became "the richest man in the world" and shouldered a "major mission"

the reporter saw all kinds of astonishing boasting on some publicity materials of Cloud Data Trade: "three secret weapons have been arranged, that is, three people have been trained to revitalize China. One of them is Zhang Jian, who is responsible for establishing a local Internet with 100% equity in China, The purpose is to make common people become shareholders, create rich income and create a large number of middle class... "

people of cloud data trade even tampered with the CCTV news broadcast, making people mistakenly think that the news broadcast is promoting cloud data trade

the comeback of cloud data trade is not low-key

recently, Su Shi, the female host of Sichuan TV station, apologized on her micro blog, saying that she did not distinguish and mistakenly thought that she was hosting a charity party, but did not think that it was actually an activity organized by a pyramid marketing organization

CCTV host Zhang Luxin also apologized

and the two so-called charity parties held in Cheng and Beijing are just hosted by "Beijing Digital Trade film", the transformation of cloud digital trade

Su Shi, who didn't know about it, also said in his hosting speech: "under the wise leadership of general manager Zhang Jian, we are marching towards one honor after another with firm and steady steps...

and the reason why cloud data trade wants to make great efforts is precisely to promote its so-called" five element currency "project

in the publicity of cloud data trade, this is the digital currency in the research and development of the central bank. Cloud Data Trade launched a special "five element coin" disk, which is known as the global limited issue of 500 million pieces

"boss (referring to Zhang Jian) went through the customs... He personally launched the five element coin. Following the five element system, all virtual currencies will belong to the five element coin. Ten thousand yuan will be unified, and the world will be unified with the five element coin..." according to the investment plan of the five element coin obtained by the reporter, its form is nothing more than a variety of toutoujiao es: according to the amount of investment, Participants can get different levels and different amounts of five line coins, and then get the corresponding level recommendation bonus through the registration point of recommended friends

in the interview, the reporter found that most of the people who participated in the "five element coin" were middle-aged and old people, and many people were "obsessed" with it, so they could not extricate themselves

correspondingly, their children are particularly sober, knowing that cloud data trade is a pyramid selling organization, but it is difficult to make their parents go back

a woman told the Yangcheng Evening News that her mother, Ms. Xu, has also joined the "Cloud Data Trade" and become a member. Now she is a group leader. Ms. Xu becomes a "shareholder" through a recommender. If the other party takes out 7700 yuan, Ms. Xu can get 1000 five lines of currency, and the exchange ratio between e-currency and cash is 1:1.65

"all dividends are paid in electronic currency. It's equivalent to getting real gold and silver, and only getting a virtual number on an unrecognized system. "

for her mother, the daughter can do nothing. The reporter opened Ms. Xu's circle of friends and found that all the contents shared were related to the "five element coin" project. However, the logic of the content was very poor and it was not convincing. People with poor image and low-quality video would not believe it

extended materials:

related reports:

Zhang Jian is no stranger. He founded cloud data trade, gathered a large number of believers around the world, and finally became a street mouse. Even after he was arrested and put into prison, Zhang Jian's capital market is still running smoothly, and various other capital markets have evolved, such as cloud data trade, five element coin, cloud smart, Jianye coin, and yunzun coin, which have direct or indirect relations with Zhang Jian, forming a huge capital market group

yunzun coin is said to be a blockchain proct, but the real way to play is not mining proction, but hierarchical purchase by pulling down the line

the pyramid selling nature of the five element coin has been exposed by focus interview, and Zhang Jian has also been arrested by the Public Security Bureau

the procts of yunzun group are not worth investing, and the risk is very high, so illegal fund-raising is no doubt

1. The official websites and websites are all in foreign countries. China has not found the corresponding filing proceres, but the funds and operations are all in China. Once they run away, they can not catch "criminals"

2 and Yun Zun are all registered in the name of indivials. They dare not register in the name of the company. There are no domestic entities at all. They are all offline in China

3. There is only one email, company address, telephone and other information in the official website. The IP address in the United States is pyramid selling under the guise of digital currency

3.

If you fall in a pit, maybe you don't pay attention to it. If you fall in the same pit twice or three times, you are careless. Now network anti fraud is rolling broadcast, repeatedly remind the public not to be cheated, but still someone sent it. And it's giving money to cheaters over and over again

today, when we talk about the micro trading investment on the Internet, we all know that it's a fraud, right? The swindler said that by scanning the QR code with wechat on his mobile phone, he can register and then participate in the trading of stocks, foreign exchange, commodity futures, etc. You can buy one or two. The revenue is more than 90%

in fact, this simple and easy transaction is similar to gambling, and it is also a new means of Telecom fraud. CCTV "focus interview" has played a similar fraud. Making false investment platform in the name of investment. Recently, the public security cracked several such fraud gangs

the salesmen, regardless of their beauty or ugliness, use beautiful or handsome faces to add friends through various channels every day to chat, find out the amount of money and cultivate feelings. Then get to the point

when the victims think that they have made good friends or confidants, some of them have developed into girlfriends and girlfriends. Then let it be and recommend investment software. It claims that the emerging micro trading is also making money with it

easy to learn, easy to operate, buy up and buy down can make money. Entice the victim to download, install and register her personal account, and then guide her to operate. If the amount of money is less than 100 yuan, it won't waste too much time. It will let him play by himself. Xiaoqian is familiar with the software, and graally likes this investment. The more he invests, the more he invests

for those with large amount of funds, special personnel will be assigned to guide the operation, or teachers will be packaged to guide the operation, or makers, and teachers in the live broadcasting room, etc. Let you add money to invest again and again. As long as you enter this circle, you will not retreat completely

of course, most of the people who come in to play lose. After losing, they will want to stop playing. At this time, the teacher with better packaging will continue to bring them. If not, they will add your friends to another person. After cultivating their feelings, they will tell you that she has lost more

after having a common topic, he will tell you that the platform with you is not good, the instructor is not good, and so on. I'll operate with other teachers and earn back what I lost before. Then I'll buy it with you or accept it from teachers. If you lose so much, you can make more. As long as you can put money again, you will be fooled into a daze, thinking that losing money is just bad luck

the suspect captured by the police, as long as his client lost his investment, he made money. The police said: "behind this investment is wind control management. The account number of the administrator can modify the data in the background, and whoever wins or loses is controlled by them. The overall probability of winning and losing is also decided by them. The customer's business is 100% loss. "

fraud means, let a person be deceived once, may also repeat the same mistake, add money again and again

4.

Zhang Jian is a liar

participants of the five element coin claimed that Zhang Jian, born in 1983, went to university at the age of 9 and proficient in six languages, is one of the top ten outstanding young people in China and the richest man in the world

according to the information provided by the public security organs, it is such a ridiculous so-called investment project, with 400000 members and 2 billion yuan involved in the case within half a year. It is Zhang Jian who controls all this. Zhang Jian, whose real name is song miqiu, was born in 1977 in Heilongjiang Province. After graating from junior high school, he served in the army for three years as a cook soldier. After he was demobilized, he sought his own career, sold medicinal materials and worked as a housing agent

police investigation shows that song miqiu has been engaged in pyramid selling activities for a long time. As early as 2009, song miqiu contacted pyramid salesmen when he opened a restaurant in Shenzhen. According to the police, in 2011, he found a programmer and made a website, which is the rudiment of "Cloud Data Trade" MLM network. At that time, he was able to register as a member of "Cloud Data Trade" with 500 yuan. He implemented a al track system, and the development of two members could return the original

, the police in various parts of the country are now cracking down on the five line currency series of suspect pyramid selling organizations according to law, and have arrested and controlled a large number of suspects involved in the crime, and destroyed five series of pyramid schemes. p>

in the face of a very small number of participants who are still stubborn, song miqiu, who has shed his false aura, puts forward his own advice: "MLM is a contradiction. If you are small, you will always be the victim. As long as you are big, you will harm others. In the end, you will be punished and punished by law. In the end, you will harm yourself."

extended data

in December 2013, the public security organ of Hunan Province put song miqiu and others on file for investigation on the crime of organizing and leading pyramid selling activities. According to the investigation, since November 2012, the suspect Zhang Jian, who was named after the Song Ming autumn, had been involved in establishing a "cloud number trading" trade limited company in Shenzhen, fabricating the original shares of the sales company, and other illegal organizations, which involved pyramid selling activities involving the amount of 600 million yuan. After the crime, song Mi Qiu absconded

the public security organs paid close attention to song miqiu's whereabouts, sent officers to arrest him abroad several times, and issued a red notice to him through Interpol in March 2016. Song Mi Qiu escaped several times by bribing local personnel and forging identity documents, and fled among Southeast Asian countries

During the

period, song miqiu launched a number of MLM programs such as "cloud smart", "five chemical alliance" and "five element coin" overseas, and continued to organize MLM activities wantonly by using the Internet. Under the guise of "patriotism, charity and high return", he swindled money by "pulling people's heads"

since 2017, it has lured a large number of domestic personnel to participate madly by using "Gold Award" and "dynamic income" for investment in "virtual currency" and "five element currency"

5. I also saw today's focus interview. I have played this kind of chess and card games, but also directly play with money, such as the former Emperor (to be seized), there are many such game platforms, such as city tour, Golden Island, kicking dog net and so on, no one tube, no way. Before QQ game currency QQ game is gambling, now QQ canceled but added a happy bean. All these game manufacturers have to draw a percentage, and virtual currency can be sold on major e-commerce platforms, alas
I hope the relevant departments of the state can rectify it.

6. Electronic virtual currency, as the name suggests, is virtual electronic currency. Members can selectively purchase the services they need through the platform! This currency cannot be consumed and exchanged in real life! His role is to pay for the service or purchase the resources online through the platform. Electronic virtual currency is usually paid by purchasing a charge card or online through the online banking system. At present, the popular electronic virtual currency mainly includes Tencent's q-coin, sina u-coin, Netease's popo coin, Shanda Yuanbao and some online game's charge point cards, or online game's gold coin
recently, the hot topic on the Internet is whether Tencent q-coin belongs to currency or not, and whether it has the property of currency in reality. The argument about whether the nature of virtual currency will "impact the RMB financial market" has been widely debated, while the argument from Internet authorities is that electronic virtual currency will not impact the financial order of RMB, And these so-called virtual currencies in the network only have the attribute of commodity, but not the attribute of currency
just when people were hot on virtual currency, CCTV's focus talk launched a program last week, which exposed the suspected gambling of "China game center". It seems that this incident is to expose the suspected gambling of the website. In fact, it is the emergence of virtual electronic currency that makes people participate in this and other, In this program directly or succinctly said China Telecom, Tencent QQ coin and other things, but as long as people who have played before know, Tencent QQ games, most of the games are related to the gambling of game currency, and these games, players will easily seek huge profits. This gambling game is very simple, the author has participated in such a similar game, as long as contact a few familiar friends, mutual understanding of each other's cards, and then wait for the automatic hook, so that one day, you can win a lot of game currency, and then converted into Q currency, at the end of the official price to find the next home, to win benefits. This is the easiest way to do it. There is another way to play it. Although I didn't participate in it personally, I learned from my friend that one of my friends once said that he used to play against landlords, and he could win hundreds of yuan each time...
on the Internet, you can buy game equipment with virtual currency, and even use it to pay for anti-virus software and vote for super girl. But these are only official channels. In private, some people use them to gamble, while others hoard them to buy and sell at a low price. Virtual currency is replacing some functions of the RMB, but it is not issued by the central bank or regulated by the government. The emergence of virtual currency is originally for the convenience of online shopping, but excessive issuance will also bring inflation in the online world. What is more difficult to prevent is the emergence of counterfeit money. Hackers need to move their fingers, which is much easier than procing counterfeit money in real life
but these are not the biggest risks. When more transactions in real life can be paid with virtual currency, the circulation speed of RMB becomes the object of its direct influence. The virtual currency is slowly going along with this trend, when the regulatory agencies set up "online banking" has become a thorny problem. In fact, the virtual currency is not a mystery, it is like the voucher of the shopping mall, but the latter has already had regulatory measures, and the virtual currency has never been. However, it is still too early to describe the impact of virtual currency on RMB as "severe shock". In the international market, online game players even set up online banking to build a financial empire with virtual currency. Compared with them, the netizens who play QQ currency are just beginning. A month out of thin air to pay more than 600 yuan of telephone charges, check the phone bill only to find that it is the children at home with the phone to buy Q coins to play games
Tencent's q-coin has brought huge economic benefits to Tencent itself, but at the same time, Lao Ma should think about how to regulate it now? As for how much economic benefits Tencent's q-coin has brought to the old horses, I don't think I need to settle this account
at present, the government has begun to study how to deal with virtual currency. Next year, it will start to supervise virtual currency. Once the supervision is over, large websites can continue to change their patterns, so what should small websites do? How much challenge does electronic virtual currency face
we are looking forward to it
satisfied
have a good time.

7. To tell you the truth, I feel that I didn't break the law.
even if I break the law, it's OK.
but this kind of behavior is wrong. Talk to him more

8.

Such a stolen depositor, the most likely account theft, and password settings are relatively simple, so this happened

in the communication with Shanghai Hanyin company, depositors were told that the 20 yuan or 10 yuan they had been dected had been used by Hanyin company to buy Tencent Q coins

the so-called Q currency is a virtual currency launched by Tencent, 1q currency = 1 RMB, which can be obtained through telephone recharge, bank card recharge, etc

you can buy all kinds of virtual goods for yourself or friends in QQ mall, such as clothes, scenes, make-up, etc.

in QQ games, you can not only exchange game currency, but also buy all kinds of privileges in the game. Q coin can be transferred to others at a discount, and can also be realized in private transactions

9. Dear lol players:
the firecracker lighting activities we held ring the Spring Festival have to stop because of breaking some laws. We will return one third of the QB consumed by firecracker buying to players as shopping spots. You can buy heroes, skin and other props in the mall around lol, but we will not take back the props you get
the operation team of League of heroes sincerely apologizes to the majority of players. We will hold some meaningful and legal activities and hope to support our measures
operation team of League of Heroes