Blockchain project, lying around making money, but still making millions a month? This hot “chain of love”, be careful is pyramid scheme trap!

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These days, there is a word particularly popular: blockchain, but many people can’t say it clearly. Simply put: this technology is based on new ways of managing data such as cryptography. Blockchain technology has a broad application prospect because of its advantages such as decentralization, impossibility of tampering, whole-process marking and traceability. However, the reporter also found that, along with the boom of blockchain, the society also appeared a variety of chaos, many enterprises even under the guise of blockchain play a variety of fraud.

Blockchain concept hot pursuit “chain” must prevent fraud

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△ CCTV finance “Economic information broadcast” column video

When a reporter searches the Internet for the word blockchain, he will see promotions such as the launch of blockchain projects and the development of blockchain wallets. The reporter clicked on one called BeeBank

The blockchain wallet item

The purpose, the introductory article claims, is that

It is the only decentralized full-currency wallet in the whole network. It adopts the technology of public chain and information trust system to make money lying down and automatically operate 24 hours to create benefits.

The direct team has 10 members, and the predicted monthly income is 30,000-100,000 dollars. If it reaches the fifth level, the predicted monthly income is 2,000,000 to 7,000,000 dollars.

The video also left the tutor’s wechat account, the reporter added the so-called tutor, after passing the verification, the other side gave a reply:

“BeeBank has run away, I was cheated of over 100,000”.

Professionals told reporters, like this borrow a few professional terms, claim high yield, in fact is naked fraud.

Yu Jianing, Deputy Director of Blockchain Committee of China Communications Industry Association:

In my opinion, first of all, his so-called financial management based on pulling users is certainly not the real wealth, but the management of others’ wealth, taking other people’s money into their own money.

On August 13, police in Pudong, Los Angeles, reported a fraud case. This is a self-proclaimed blockchain pet game, the blockchain and network to raise virtual pigs combined, sharing economy, considerable benefits. After 15 days of raising virtual pigs, the platform acquires them, and there is a 28% profit. According to internal wechat screenshots provided by the police, virtually all transactions are manipulated by platform personnel, even referring to participants as leeks, and the company is ready to change procedures and run.

On September 11, Changsha city authorities announced that Qubu had been placed under investigation for alleged online pyramid selling, illegal fundraising and financial fraud. According to Qubu’s publicity, Qubu is a combination of blockchain and sports big data. As long as users walk three or four thousand steps every day, they can earn at least 200 dollars every month. If they promote Qubu, they can also earn more money.

Professionals told reporters that the above platforms just borrow the blockchain banner, and the blockchain itself has nothing to do with.

in

According to Kanin,

If walking itself made money, everyone would walk every day without going to work

If walking itself does not bring value return, it is impossible to allocate new value with blockchain no matter how it is allocated, so in this case, this application can be largely regarded as

Pseudo should

To use.

Digital currencies hit hardest by blockchain fraud

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▽ Economic information broadcast by CCTV

“Column video

In addition to the above pseudo-applications, the reporter found in the investigation that, with the boom of blockchain, the most serious chaos appears in the digital currency. These projects confuse the concept of blockchain with financial knowledge and monetary knowledge, fishing in troubled waters, ordinary people can hardly distinguish, and it is extremely deceptive. According to data provided by relevant departments of the National Internet Emergency Response Center, 755 kinds of zeroing coins, or air coins, can be monitored at present, and 102 kinds of pyramid selling coins.

During the interview, a source with knowledge of the situation provided reporters with some of the inside material, a lecture by a digital currency promotion team, promoting a digital currency called BIB, which offers benefits if you join, called static revenue.

A digital currency promoter:

If I buy 1,000 BIBs, I get 1.6 interest a day, and if I buy 10,000 BIBs, I get 16 a day. If I buy 10,000 BIBs now, by the end of next year, I will have 17,723 in my account, and the extra 7,000 will be interest. If you buy BIBs today, you will get interest every day.

According to the promoters, this BIB digital currency is a blockchain cryptocurrency developed by the international top team. The global circulation is limited. As long as you join, you will not only get interest for nothing every day, but also get dynamic benefits through promotion, that is, pulling heads.

A digital currency promoter:

Times the payoff, one thousandth, not stratified, not generational, all together, that’s my share of the payoff.

Q:

Isn’t that a pyramid scheme?

A digital currency promoter:

This is now true of all forms of sharing, the sharing economy.

In fact, the practice of headhunting and issuing so-called digital currencies is not new. Back in 2016, police in Xuzhou, Jiangsu province, cracked a pyramid scheme case. Pyramid selling organization personnel Liu registered a company in Hong Kong, opened a website, with high rebates as bait, organized personnel through publicity, classes, introductions and other ways to promote the so-called block chain digital currency. In fact, there is nothing behind it, and the daily fluctuations in the value of the currency are just arbitrary numbers set by people in the back office.

A police investigation showed that within eight months, the digital currency scam had gained 34,000 members and raked in 1.5 billion dollars.

Professionals told reporters that the emergence of blockchain is indeed relying on digital currency, that is, the emergence of bitcoin, but bitcoin is just the initial technology of blockchain.

The core value of blockchain is the application in trade finance, public services and other fields. Blockchain is by no means equal to digital currency.

Such activities are not really based on blockchain technology, but hype the concept of blockchain to illegal fundraising, pyramid marketing, fraud.

Yang Dong, director of the Blockchain Research Center at the Institute of Future Rule of Law, Renmin University of China:

Many of the prices are rigged, ostensibly to double, triple or even tenfold within a few days of purchase. But when the number of investors grows, its price may plummet overnight, wiping out investors.

Virtual digital currencies urgently need to be regulated

The reporter made statistics by using blockchain as the key word on the Chinese Court Documents website. As of November 15 this year, there were 566 legal court documents involving blockchain in China, a considerable part of which involved digital coins. Professionals pointed out that in the current blockchain boom, the so-called virtual digital currency should be most guarded against and regulated.

Yu said,

Blockchain is indeed a new field. It has created an Internet of values and brought about a new digital financial system. However, technology should not be turned into a shield for illegal activities, and the new field should not be turned into a regulatory depression, which may attract a large number of illegal and criminal behaviors to migrate to this new field.

Professionals told reporters, from the current point of view, blockchain has entered the practical application. Another upsurge should also be noted. Another set of data provided by the China Academy of Information and Communications Technology also shows that as of May 2019, 22 blockchain industrial parks have been established nationwide, 20 of which are led by or promoted by the government. However, statistics released by research institutes show that 30 percent of these industrial parks have a vacancy rate of more than 50 percent, and according to public information, a number of new industrial parks are being planned.

He Baohong, director of the Institute of Cloud Computing and Big Data, CAICT:

Blockchain has a huge space for application and innovation, but it should not be pursued headlong. Each place should position itself according to its own characteristics and determine the specific goal of developing the blockchain industry. Because blockchain cannot do everything, it is necessary to give full play to its local advantages and do something while not doing something.

Business Watch:

The Byzantine general’s problem

Blockchain technology is becoming more and more active, and the chaos mixed with it is endless.

So what exactly is the solution to a real blockchain technology?

What is the value of blockchain for investors? A contributing

Observer Xu Shuze shares his views.

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▽ Economic information broadcast by CCTV

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Xu Shuze:

The Byzantine general’s problem

Ancient Rome was vast.

The capital,

The Byzantine general wants to

As a

The decision and deployment need to collect the information of generals stationed in various areas to make collective decision and deployment, this is a huge information network, each general is a node, a node mutiny or information mistransmission, the whole communication network will be paralyzed, all centralized information networks are faced with this centralized problem, block chain is to solve this problem.

Xu Shuze:

The “Information Network” of Collective Memory

For example, students graduate to issue a graduation certificate, but if the certificate is lost, the network graduation information is not what to do? In the way of blockchain, hold a grand graduation ceremony, teachers and students all come. But also take pictures, videos, group photos. It’s like graduation, this information is recorded by everyone. Blockchain is just like this information network, by all the people on the network to record information, so there is no tampering, no loss of information, this is the biggest value, by the guests to jointly record this important information.

Xu Shuze:

The cost of blockchain must be borne by someone

But why would anyone help you if they didn’t? Virtual currency, reward with mining, you help me keep the books, I reward you with “limited production and very unique” currency. But monetary value requires a government credit endorsement, and anyone can say, I dug a shell in my backyard, and it’s the only one in the world that’s not renewable, but when everybody takes one of those shells and puts them on the market, they’re worthless.

Let’s think about the question, what is the source of investment value? You give the money to the producers, they create more value for society, they get the profit, so you get some of it in return, this is the eternal secret of all investment.

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CCTV Finance

(ID: China central television (CCTV)

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The editor of this article is Zhang Yifei

I’m just looking at something you know

Blockchain project, lying around making money, but still making millions a month? This hot “chain of love”, be careful is pyramid scheme trap!

Blockchain project, lying around making money, but still making millions a month? This hot “chain of love”, be careful is pyramid scheme trap!
 

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