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❶ What kind of pyramid scheme did Xi’an police crack?

Xi’an police cracked a “blockchain” pyramid scheme.

In response to this, the Xi'an Municipal Public Security Bureau established a task force on April 5, led by the Economic Investigation Detachment, together with the Public Security High-tech Branch and other departments, through linkage, multi-police cooperation, and regional Collaboration and concentrated attack. After 9 days and nights of meticulous investigation and continuous operations in the early stage, we basically grasped the fact that the criminal suspect Zheng organized 9 people including network platform administrators Zhang and Li, and marketing vice president Gou to carry out illegal and criminal activities in order to obtain illegal benefits.

According to investigations, Zheng and others started preparations in October 2017. On March 28 this year, they applied the latest "blockchain" concept to confuse the public and sold it at a price of 3 yuan per coin. The "Consumption Era" (DBTC) online platform sells virtual currencies and controls the price increase of virtual currencies by itself.

Disguised pyramid schemes are harmful to people!

❷ Is blockchain a pyramid scheme?

Blockchain is a low-level technology, and it is also a great idea. 2018 will be a great year for the development of blockchain, and 2019 The annual meeting has completely entered the year of blockchain application. At that time, no one will use pyramid schemes and scams on blockchain. They will see the real implementation of value and the rising prices.

Blockchain is definitely the underlying technology of the next era. There is no doubt about this. If you miss the blockchain, you will miss the entire era just like you missed the Internet.

❸ Is blockchain a pyramid scheme?

Recently, a photo of a Chinese aunt posing at a blockchain conference became popular in the circle of friends. Netizens commented: Aunts Already targeted by blockchain. Since this year, some criminals have carried out pyramid schemes under the banner of blockchain finance, becoming one of the latest variants of pyramid schemes. Recently, Xi'an City cracked a blockchain pyramid scheme case.

Zhang Yangqiu said that as an emerging thing, virtual currency is often used to engage in illegal and criminal activities. It usually controls a small number of personal or corporate accounts to absorb and transfer funds, and Establishing a MLM network through the Internet media to expand the scale of fundraising, but it is difficult for ordinary investors to see clearly the operating rules behind it. She reminded that various virtual currency platforms generally promote technologies such as "blockchain" and "decentralization", and some are even named after international organizations and multinational financial groups, which is extremely confusing. Middle-aged and elderly friends must invest carefully. It is best not to get involved in unfamiliar investment areas.

Content source: Xinhuanet

❹ Is blockchain a disguised pyramid scheme?

Blockchain is a new technology and is not a disguised pyramid scheme. It is only claimed by many pyramid schemes. It is called "blockchain" and does not actually have any technology. It is just a pyramid scheme in the name of "blockchain". The country has issued multiple announcements to crack down on this type of pyramid scheme. The following is Xinhuanet’s report on blockchain MLM:

Blockchain is not equal to virtual currency, and there are also security risks. Behind the popularityExaggerating and creating momentum with "ulterior motives". Only by removing the flashiness can the blockchain return to its true application value.

Invest 80,000 yuan and it will become 800,000 yuan in three months? Shenzhen police uncovered a huge fund-raising fraud case. Under the guise of blockchain concepts and 10 times earnings, thousands of investors have fallen deeply into it, with the amount involved reaching 307 million yuan. Under the "mysterious veil" of the blockchain, criminals have taken advantage of the opportunity to use their tricks, and the blockchain has become a "signature" for economic crimes such as fraud and pyramid schemes.

Why has the blockchain been repeatedly “misused” by illegal activities such as pyramid schemes and fraud? Apart from being “unclear”, what is the “function” of blockchain technology itself? Since the beginning of this year, with the increased supervision and the cooling of the currency speculation trend, new opportunities have been brought to the development of blockchain. How is the implementation of blockchain commercial "applications" now? Reporters from "Lookout" News Weekly recently conducted an investigation into this.

When the three-month "fund release period" promised by the trading platform expired and the staff started "kicking" people in the QQ group, Tang Haiyan, who lives in Bao'an District, Shenzhen, realized that she might have been cheated. .

Previously, Tang Haiyan invested 80,000 yuan to buy a virtual currency called "Puyin Coin" under the introduction of a classmate. "The other party said that this currency is the most advanced blockchain technology at the moment, with Tibetan tea as collateral, and he also showed me a 'technical white paper'. I didn't understand blockchain, so I didn't read it carefully."

Although he doesn’t know much about blockchain or virtual currencies, Tang Haiyan is full of expectations for the high investment returns. She told reporters that the company that issued the "Common Silver Coin" would regularly split the virtual currency at a ratio of 1:10, which means that each split would increase the value of the "Common Silver Coin" in the hands of investors by 10 times. . As long as it is split once, the 80,000 yuan she invested is equivalent to buying "common silver coins" worth 800,000 yuan, and she can get huge profits by selling them on the trading platform.

According to the rules of the trading platform, the "common silver coins" just purchased cannot be traded immediately. They must be frozen on the platform for three months before the "release period" can begin. However, when three months passed, Tang Haiyan not only failed to double her assets, but also the 80,000 yuan frozen on the platform could no longer be used for transactions.

“Other investors began to question the authenticity of this investment in the QQ group. As a result, the company staff kicked these investors out one by one. I felt bad.” She said.

Facts also proved Tang Haiyan’s intuition. At the end of March 2018, Shenzhen police uncovered a huge fund-raising fraud case, with the amount of fraudulent funds reaching 307 million yuan. In this case, the Shenzhen Puyin Blockchain Group Co., Ltd. involved in the case used the "blockchain + Tibetan Tea" model to issue virtual currency and defraud public deposits. Tang Haiyan was one of thousands of victims. .

An investigation by the Shenzhen police found that the company claimed that investors could trade "common silver coins" on the virtual trading platform "Jubi.com" to earn the price difference

. In fact, it buysThe change in the selling price was the result of the company using investors' investment funds for behind-the-scenes operations, and once raised the price of "common silver coins" from 0.5 yuan to 10 yuan, allowing investors to taste some sweetness. When a large number of investors entered the market, the company continued to cash out by maliciously manipulating the price trend of "Common Silver Coins", which eventually resulted in the "Common Silver Coins" in the hands of investors being worthless.

Since 2018, engaging in fraud and pyramid schemes under the banner of blockchain has become a commonly used "routine" in new criminal methods. In April 2018, Jinan police busted a pyramid scheme gang under the guise of "western development", "national poverty alleviation", "original stocks", "blockchain" and "e-commerce", arrested more than ten main suspects, and froze the funds involved in the case There were more than 100 accounts, and more than 300 million yuan of funds involved were seized.

Jinan police said that Huileyi e-commerce company designed fake virtual disks on the Internet and released so-called "treasure coins" and "precious coins" on the grounds that the country is vigorously developing the big data industry. and other virtual currencies.

They first use the gift as a guise to give a certain amount of virtual currency to newly joined MLM personnel, with the price of each coin being tens of yuan, and then use artificial manipulation to increase the value of the virtual currency to more than 100 yuan or even hundreds of yuan. Yuan, attracting people who do not know the truth to join, and finally "cut leeks" through the cyclical fluctuations of the so-called "devaluation" of virtual currencies, repeated over and over again, and ultimately achieve the purpose of seeking illegal benefits.

In Xi'an, the local police also successfully cracked a huge online pyramid scheme under the banner of blockchain. According to the police, the criminal suspect Zheng paid a high salary to organize network platform administrators Zhang, Li and other 9 people. Since March 28, 2018, he has used collective pyramid schemes and online pyramid schemes as means to sell coins at a price of 3 yuan each. Sell ​​virtual "Datang Coins" on the "Consumption Era" online platform and control the appreciation rate;

At the same time, hold promotion meetings in multiple cities at home and abroad to attract members, and set up There are 28 levels of agents in charge. In just 18 days, the gang has developed more than 13,000 registered members. It has been found that the case involves 31 provinces, municipalities, and autonomous regions across the country, and the funds involved are as high as 86 million yuan.

The "Tencent 2017 MLM Situation Awareness White Paper" released by Tencent Security Joint Laboratory stated that in recent times, various overseas capital disks, virtual currencies, ICO (blockchain project initial public offering of tokens) Financing) projects emerge in an endless stream, which hide many risks such as illegal issuance, false projects, cross-border money laundering, fraud, pyramid schemes, etc., causing a large amount of funds to flow overseas. Once they collapse, run away, or lose contact, investors often have no way to complain and lose money. recover. For example, Baichuan Coin, Mark Coin, Beta Coin, Dark Coin, etc.

Reporters from "Lookout" News Weekly conducted interviews in Guangdong, Shandong, Shanghai and other places and learned that most people know that the concept of blockchain is very popular, but they are "uninformed" about the specific functions of blockchain. There are different opinions: some people think it is used for "investment and financial management" and "buying and selling currency", while others think it is "an important instrument of the same magnitude as a steam engine"."Great invention", some entrepreneurs are gearing up to seize this "once-in-a-lifetime opportunity to get rich."

Many people in the industry said that it is precisely because people have many misunderstandings about blockchain that This gives criminals an opportunity to fish in troubled waters and mislead investors.

First, blockchain is not equal to virtual currency. As of the end of last year, the number of domestic ICO participants and total transaction volume had doubled, with a large number of Digital currency exchanges have fled overseas, and the agency investment model has involved more ordinary people in high-risk investments.

Many industry self-media and celebrities have formed interest alliances with issuers, digital exchanges, etc. Endorse and create public opinion for the "Air Coin" project platform. In December last year, nine departments including the People's Bank of China characterized ICO as "suspected of illegal fund-raising, financial fraud, pyramid schemes and other illegal and criminal activities."

During the interview, Many people told our reporter that the existence of tokens has built a set of equity mechanisms for the development of blockchain technology, which is indispensable for stimulating the prosperity of blockchain applications. "Market practice in the past five years has proven that , Blockchain applications without equity mechanisms are like computers without Internet access and a market economy without currency. The application scenarios and development speed are greatly reduced. " said an investor in Shanghai.

In fact, tokens represented by Bitcoin are only one of the earliest products to verify blockchain technology, and there is no equivalence between the two. Moreover, the existence of tokens has had an obvious negative effect on the development of blockchain.

Xiao Wei, chief engineer of the network blockchain, told our reporter that the myth of ICO wealth has shaken the research and development of blockchain technology talents. Determination, the myth of getting rich by speculating on coins, which can easily return hundreds of times, tests the patience of blockchain technology research and development talents. "Many of the 'comrades' in the circle who used to do blockchain technology research and development together have switched to issuing coins, and now they can still Very few insist on technology research and development and application. ”

Xu Zewei, Secretary of the Party Committee of the Beijing Internet Finance Industry Association, said that in the context of China’s ban on ICOs, many domestic start-up companies that promote blockchain applications are “selling sheep’s heads and selling dog meat”, turning the original Worthless tokens are packaged in concepts to attract money. "ICO pollutes the good atmosphere of innovation and entrepreneurship and creates a speculative product. Many young people don't think about entrepreneurship, but they are thinking about issuing coins, which makes everyone have The fantasy of getting rich overnight. ”

At present, more and more people in the industry are beginning to think about whether the development of blockchain must rely on the issuance of tokens to achieve incentives. Guo Dagang, secretary-general of the Beijing Internet Finance Industry Association, told this reporter, The so-called incentive mechanism is just a theoretical basis for project parties to issue tokens. Huo Xuewen, director of the Beijing Municipal Financial Affairs Bureau, also believes that if the blockchain does not get rid of the dilemma of issuing tokens, it will never find a legal implementation mechanism.

Second, the blockchain is not omnipotent and there are risks in security. The blockchain is usually considered to be able to achieve three functions:

First, the data stored on the blockchain The data cannot be tampered with or forged, and the data has credibility and credibility.High; second, the entire transaction process is traceable, enabling accurate tracking of responsibilities; third, smart contracts embedded in the blockchain can be automatically executed based on the contract, thereby improving work efficiency and reducing the risk of default. The industry generally believes that blockchain has broad application prospects in finance, logistics, trade and other fields.

In fact, blockchain is not omnipotent, and its functions also have many limitations. It is generally believed that based on its cryptographic characteristics, if you want to tamper or forge on the blockchain, you theoretically need to control more than 51% of the nodes to achieve it. When there are enough nodes in the blockchain, this trust creation mechanism with widespread public participation will be difficult to tamper with.

However, in reality, digital currency exchanges are frequently attacked or even stolen. On June 20, 2018, South Korea's Bithumb exchange announced on its official website that the exchange was attacked by hackers and cryptocurrency worth 35 billion won, or approximately US$32 million, was stolen.

Ji Xinhua, known as China's first generation "hacker", said that the blockchain will continue to face attacks, and the process of uploading data to the chain is prone to information leakage. Some people in the industry are also worried that once the super computing power of quantum computing is realized, it will also have a direct impact on the blockchain.

Zhao Yao, a special researcher at the Institute of Finance of the Chinese Academy of Social Sciences, told this reporter that as early as 2013, the academic community confirmed that the blockchain is not perfect and there are many "cheating" strategies. As long as there are sufficient economic incentives, attacks that control more than 51% of the nodes do not only exist in theory.

Zeng Guang, secretary-general of the Shenzhen Internet Finance Association, said that blockchain technology itself is not irreplaceable or subversive. "Some criminals exaggerate the role of blockchain to illustrate that blockchain has huge investment value, which deserves the vigilance of investors."

Thirdly, the popularity of blockchain is not the same. Not entirely true. Data shows that from the end of 2017 to the beginning of 2018, more than 300 self-media companies mainly focused on ICO projects appeared, which became an abnormal phenomenon worth noting.

“Most of these self-media have received financial support from exchange leaders and investors in the currency circle. It is difficult to guarantee the objective independence of their reports. Most of them advocate ICO and currency speculation, and excessively promote digital currencies. Prospects, creating convenience for the spread of public opinion for illegal fund-raising of problematic projects." Xu Zewei said that some blockchain self-media investors are themselves ICO project investors, and their profit model is to charge soft article fees and project promotion fees, becoming a token issuance Public opinion helpers, and some media have developed into agency investment agencies to make profits from it.

(4) 2018 Blockchain MLM Extended Reading:

On August 24, 2018, the China Banking and Insurance Regulatory Commission website issued a risk warning to remind the public to take precautions Conduct illegal fund-raising in the name of "virtual currency" and "blockchain".

The original text is as follows:

Risk reminders on preventing illegal fund-raising in the name of "virtual currency" and "blockchain"

Bank InsuranceThe Supervisory Commission, the Central Cyberspace Administration of China, the Ministry of Public Security, the People's Bank of China, and the State Administration for Market Regulation remind:

Recently, some criminals have used the banner of "financial innovation" and "blockchain" to issue so-called "virtual "Currency", "virtual assets" and "digital assets" are used to absorb funds and infringe on the legitimate rights and interests of the public. Such activities are not really based on blockchain technology, but are actually hyping up the blockchain concept to conduct illegal fund-raising, pyramid schemes, and fraud. They mainly have the following characteristics:

1. Networking and cross-borderization are obvious. Relying on the Internet and chat tools for transactions, and using online payment tools to receive and disburse funds, risks have a wide scope and spread quickly. Some criminals rent overseas servers to build websites, essentially carry out activities for domestic residents, and remotely control illegal activities.

Some individuals claim in chat tool groups that they have obtained investment quotas for high-quality overseas blockchain projects and can invest on their behalf, which is most likely a fraudulent activity. Most of the funds for these illegal activities flow overseas, making supervision and tracking very difficult.

2. Strong deception, temptation and concealment. They use hot concepts to create hype and fabricate numerous "high-level" theories. Some even use celebrity V's "platform" propaganda, and use airdrops of "candy" as temptations, claiming that "currency values ​​only rise but not fall" and "the investment cycle is short. "High returns, low risks", which is highly deceptive.

In actual operation, criminals illegally make huge profits by manipulating the price trend of so-called virtual currencies behind the scenes and setting profit and withdrawal thresholds. In addition, some criminals also issue tokens in innovative forms such as ICO, IFO, and IEO, or conduct virtual currency speculation in the form of IMO under the banner of the sharing economy, which is highly concealed and deceptive.

3. There are various illegal risks. Through publicity, criminals use "static returns" (profits from currency appreciation) and "dynamic returns" (profits from offline development) as bait to attract the public to invest funds, and induce investors and development personnel to join in, constantly expanding the capital pool. , with characteristics of illegal fund-raising, pyramid schemes, fraud and other illegal activities.

Such activities use "financial innovation" as a gimmick, but are essentially a Ponzi scheme of "borrowing new and repaying old", making it difficult to maintain long-term capital operations. The general public is requested to view the blockchain rationally, do not blindly believe in promises made by the public, establish correct currency concepts and investment concepts, and effectively improve risk awareness; they can actively report to relevant departments any clues about illegal crimes discovered.

❺ Blockchain has become a new pyramid scheme, what exactly is blockchain?

Some time ago, a photo of a Chinese aunt appearing at a blockchain conference became popular on the Internet. There was a heated discussion among them, and netizens said: "Aunts have been targeted by the blockchain." In fact, starting from a few years ago, when the concept of blockchain came out, some criminals started to take advantage of it. Conducting MLM activities in the name of blockchain has become one of the latest variants of MLM. In fact, with the development of blockchain, various virtual currencies have emerged as the times require, most of which are scams, and scammers pretend to be "Carrying out scams in the name of "virtual currency" and "blockchain" mainly takes advantage of the psychology of investors who do not understand virtual currency and blockchain, but want to catch up with the virtual currency investment boom. This scam seems complicated. In fact, it is very simple, but once you are fooled, it is difficult to recover the investment.

In short, blockchain technology is not a scam, but is used by scammers. , taking advantage of information asymmetry to deceive investors.

❻ Is Guangzhou Jiuling Blockchain a pyramid scheme?

No. Guangzhou Jiuling Blockchain Technology Co., Ltd. was established in 2018 , according to the official website of Guangzhou Jiuling Blockchain Technology Co., Ltd., we learned that the company is a formal company protected by official website certification laws, so it is not a pyramid scheme. The company’s main business scope includes information technology consulting services, software development, and other artificial jewelry , jewelry wholesale, other artificial jewelry, jewelry retail, advertising industry, Internet product sales (except licensed products), Internet product retail, very popular.

❼ Zhejiang Yongqi Blockchain Technology Co., Ltd. Is it a pyramid scheme?

Zhejiang Yongqi Blockchain Technology Co., Ltd. is not a pyramid scheme. According to public information, Zhejiang Yongqi Blockchain Technology Co., Ltd. is a Zhenghui company. The company obtained a business license in 2018 and is currently in operation. status, the company's business is legal and compliant, and it is not a pyramid scheme company. The company's business scope includes technology development of blockchain technology, data processing technology, intelligent technology, network technology, technical consulting, technical services, computer system integration, etc.

< p>❽ Central media exposed 11 suspected MLM projects using the blockchain to issue coins

At the beginning of the new year, the voice of blessings is still in my ears. People's Daily Online has joined forces with authorities such as Tencent News, WeChat Security, and the True Platform Content media released a list of projects involving pyramid schemes in 2018.

The reporter noticed that among the 78 projects involving pyramid schemes that were exposed, the project of issuing coins under the guise of blockchain actually reached 11.

The losses caused by pyramid schemes under the guise of blockchain are far greater than ordinary crimes. Huge amounts of wealth are transferred through invisible hands, which is the biggest worm in the blockchain era.

On November 24, 2018, Sebastian Greenwood, the once all-powerful OneCoin mastermind who had been at large for a long time, was successfully captured by the FBI and the Thai Crime Collection Bureau, and the mastermind was extradited. Tried in the United States.

Bastian Greenwood is the main culprit of the global Ponzi scheme One Coin. It is reported that One Coin will set up a "One Awards" bonus system to reward participants Members, these members often participate in projects initiated by this organization, and the so-called projects will raise funds for its global foundation.

But it was soon revealed: “OneCoin uses publicity and overseas Activity,Pretending to be "high-class", and then wooing acquaintances through high rates of return, actually formed a huge MLM system. ”

In May 2018, domestic regulatory agencies discovered that there were approximately US$7.2 million in funds related to the OneCoin Ponzi scheme.

Cryptocurrency scams have a long history, and some MLM methods are not clever, but they are harmful to people.

From April 2, 2016 to June 22, 2016, Ms. Li, a Zhongshan woman, was introduced to her by her neighbor Ajun (pseudonym). A man named Xu Moubin. During this period, Xu Moubin and Ajun repeatedly promoted virtual "mark coins" to him, and offered dividends and appreciation as temptations. She believed him and eventually purchased a total of about 600,000 yuan in 9 times. "Mark Coin". It wasn't until February 2017, when the "Mark Coin" website was closed that she discovered that she had been deceived.

Among the many MLM coin cases, the most "classic" one is The famous "Five Elements Coin" with a case value of over 10 billion.

As early as 2013, the State Administration for Industry and Commerce listed Zhang Jian's "Cloud Digital Trade Alliance" as a pyramid scheme case; in October 2014, Zhang Jian was arrested; in December 2016, Zhang Jian launched the Five Elements Coin MLM project shortly after he was released from prison. It is reported that the Five Elements Coin project also has Zhang Jian’s profile picture, and Zhang Jian is actually just a junior high school student whose real name is Song Miqiu. 2017 In June 2016, Zhang Jian was arrested and returned to China from Indonesia, and a ridiculous farce ended. The legendary Zhang Jian finally went down from the altar.

According to the reporter’s understanding, among the 11 MLM coin projects this time, there are also There is a plot of "Real and Fake Monkey King". The MLM organization used Stellar Lumens, which ranks sixth in market capitalization in the world, to issue its own "Stellar Lumens". Investors fell into the trap if they were not careful.

Let’s tell another story about Dogecoin.

In 2017, Dogecoin was listed by CCTV as one of the 350 fund pyramid schemes. However, under the control of desire, it cannot stop Dogecoin. The strong rise of the currency.

Dogecoin, a cute emoticon dog head, is called Dogecoin in English and code-named DOGE. It was born in December 2013. Co-founder Jackson Palmer said that at the beginning it was just a It was done as a joke, just to mock Bitcoin. Later, with the help of reddit (American social news site), in just two weeks, the Dogecoin project website immediately became popular.

It can be said that the birth of Dogecoin has a lot to do with the Internet culture of the United States. On the American post bar reddit, the doge emoticon is as popular as the three domestic emoticon giants, which means that it is equivalent to the domestic tycoon.

The founder said that Dogecoin is not like Bitcoin. People do not participate in it for speculation, but forTo express feelings of sharing and concern. This also means that at the beginning, the spread of dogecoin relied on sharing between people.

Messari’s OnChainFX data shows that Dogecoin had more average daily active addresses in December 2018 than in December 2017, making Dogecoin the third most active address after Bitcoin and Ethereum. Cryptocurrency with the most active addresses.

Currently, Dogecoin is second only to Bitcoin and Ethereum in terms of daily active addresses, reaching 72,955 in a day. Bitcoin currently has 536,738 valid addresses, Ethereum has 235,004, and Tron has only 21,255. The popularity of Dogecoin is evident.

According to real-time data from the cryptocurrency tracking website Coinmarketcap, the price of Dogecoin today is hovering around $0.0023, and its market value has dropped to $268 million from the highest of $1.7 billion on January 9, 2018. . Like most other currencies, it fell by more than 80% in one year.

However, Dogecoin’s market value still ranks 24th in the global market value rankings. Compared with more than 2,000 cryptocurrencies, it still looks down upon all living beings.

Today, Bitcoin has been rectified under the light of blockchain, and few people have mentioned its ancient past that was single-handedly promoted by the dark web. But it is undeniable that there are still a large number of MLM coins that use the name of blockchain to conduct pyramid schemes.

While the blockchain carries the technical ideals of geeks, it is also being benefited by those who are interested.

At present, in the early stages of the development of blockchain technology, a strange circle has gradually formed in which idealists and deceivers coexist, and speculators drive out pragmatists. As the cold winter in the currency circle comes, projects collapse one after another, and bad coins drive out good coins.

There is a joke about a blockchain person chatting with an MLM person, and the MLM person was shocked: "What you are doing is illegal."

In fact, MLM people are thinking about one question all the time, that is, how to make it legal. Can I cheat openly and openly after obtaining a direct selling license? It turns out it can't.

After the Tianjin Quanjian incident broke out, on January 1 this year, Quanjian Natural Medicine Technology Development Co., Ltd. was placed under investigation on suspicion of organizing and leading pyramid schemes and false advertising. Then, as everyone was eagerly waiting, news came out on January 7 that 18 suspects including Quanjian’s boss Shu Yuhui had been detained.

The great transfer of social wealth is often accompanied by technological revolution, which is more dependent on material attributes than virtual attributes.

It is understandable that capital will use any means to pursue interests. Because this is the property of capital. At the same time, technology has no values. Whoever masters the technology will benefit from it.

In the past, MLM organizations tried to achieve freedom of wealth by pulling people’s heads without mastering capital or technology. Nowadays, MLM organizations have found a new way to "get rich" and effectively avoid legal supervision, which is to issue MLM coins under the guise of blockchain.

Seeing is worth hearing a hundred times. 24/7 digital currency transactions throughout the year, unknown currencies that multiply a thousand times a day, and the myth of wealth creation with one coin per villa. While blockchain is on fire, digital currencies are also on fire.

"Blockchain is not a bubble, Bitcoin is." Jack Ma has promoted his views in public more than once. Unfortunately, in the eyes of most investors, blockchain is digital currency, and digital currency is blockchain.

The reporter learned that some MLM projects that use blockchain to issue coins will move outside the government's strong support for the blockchain industry, but avoid talking about relevant digital currency supervision.

“Many MLM coins only borrow the name of blockchain and do not use any blockchain technology. They are still different from the famous air coins in the currency circle. At least they are actually using it. Blockchain technology." said one investor.

"It's tragic enough that talent is not enough to support ambition. What's even worse is that the whole body is full of ambition, but the IQ is squeezed into hell." The family members were fascinated by the "stellar currency" and lost all their money. At that time, a netizen’s message was thought-provoking.

The Asia-European currency fraud involved 4 billion yuan, and more than 70,000 people were deceived; the GCB glory currency involved hundreds of millions of yuan, and it has hundreds of thousands of registered members; the EGD network gold involved 10.9 billion yuan, and the registered members As many as 500,000 people; Wanfu Coin involved a case amount of 2 billion yuan, with 130,000 registered members; Darkcoin involved a case amount of 1.5 billion yuan, with more than 30,000 registered members; OneCoin involved a case amount of 600 million yuan, with 1.8 million registered members; The amount involved in the Laihui Coin case is 500 million yuan, with 200,000 registered members...

According to the reporter’s understanding, the number of MLM coins currently on the market is far more than the number listed this time.

Comparing the overall MLM cases in my country, the China Judgment Document Network shows that from 2002 to 2018, the total number of MLM cases in my country was 14,658, including 1,869 in 2014, 1,417 in 2015, and 1,417 in 2016. There were 3,085 cases in 2017, 3,313 cases in 2017, and 3,612 cases in 2018. The overall growth trend is much smaller than that of virtual currency pyramid schemes.

Based on the 166 cases of virtual currency pyramid schemes in 2018, in just a few years, virtual currency pyramid schemes have accounted for 5% of my country’s overall pyramid schemes (166/3612). This does not include the numerous ICO (Initial Coin Offering) MLM projects that are registered overseas and cannot be dismissed domestically for the time being.

The essence of MLM coins is actually not much different from traditional MLM. The methods of attracting people, developing offline, and issuing physical objects as collateral are already bad. But in the face of such familiar routines, investment Still unable to resist.

Under poverty and economic weakness, greed and hunger that have nowhere to go have become the biggest breeding ground for MLM coins. What about MLM coins? In front of desire, there is no need for IQ.

In this market, faced with endless temptations, most people are unable to distinguish whether this is an investment with huge profits or a scam that loses all their money. Under the temptation of greed, MLM has jumped on the blockchain train.

But please remember: pyramid schemes have been like tigers and wolves since ancient times, and a dream will eventually turn into a nightmare.

❾ Is blockchain a pyramid scheme? Be careful of scammers using new technologies to defraud.

Many people are not clear about the name blockchain, and some even suspect it is a pyramid scheme. So the question is, do you understand the definition of blockchain? Do you think blockchain is a pyramid scheme? Some citizens have reported that some people use blockchain to commit fraud, and some people have been defrauded of a lot of money. So, does this mean that blockchain is unreliable?

Blockchain is a term in the field of information technology. In essence, it is a shared database, and the data or information stored in it has the characteristics of "unforgeable", "full traces left", "traceable", "open and transparent" and "collectively maintained". Based on these characteristics, blockchain technology has laid a solid foundation of "trust", created a reliable "cooperation" mechanism, and has broad application prospects.

It is understood that blockchain is a new technology and is not a disguised MLM. It is just claimed by many MLM organizations as "blockchain". In fact, there is no technology and it is just called "blockchain". "It's just a pyramid scheme, and the state has issued announcements many times to crack down on this type of pyramid scheme.

However, I hope everyone understands that blockchain is high technology and a new technology that has brought many changes to society. However, in order to make money, scammers set their sights on the blockchain, and their purpose is to use the blockchain to defraud. Therefore, everyone must be careful of similar scams. Before investing in a project, you must investigate to see if it is legitimate and reliable.

I once again remind you that blockchain is just an underlying technology of the Internet and has nothing to do with pyramid schemes. Because many people don’t understand it, many people use the slogan of blockchain to carry out pyramid schemes to illegally raise funds. . In fact, to identify MLM, you need to look at three characteristics:

1. Entry fee. Whether it is necessary to subscribe for goods or pay fees to obtain the qualifications to join or to develop the qualifications of others to join to obtain illegal benefits; 2. Pulling people. yesWhether it is necessary to develop others to become one's downlines, and pay the personnel developed based on the number of people they develop directly or indirectly on a rolling basis to seek illegal benefits; 3. Remuneration method. Whether remuneration is calculated based on the sales performance of direct or indirect development personnel to seek illegal benefits. If it meets the above characteristics, it may be suspected of pyramid schemes.

❿ 2 million people were involved in the 3000-level MLM case. Has the founder of this MLM organization been arrested?

In May 2018, Plus Token announced that it was founded by a former Google The world's first blockchain ecological application, jointly created by staff and employees of a multinational company, is a multi-currency cross-chain wallet, decentralized trading platform, global payment, smart arbitrage, computing power mining, and regional An ecosystem integrating the blockchain industry chain is a virtual currency wallet for virtual currency value-added services. Promoted with a monthly profit rate of 60%, through WeChat groups, currency speculation forums and other communication channels, by attracting people, using dividends and rewards to induce members to develop offline in large numbers, in just one year, it has swept the world. It has spread to more than 100 countries and regions around the world, with more than two million people participating. There are more than 3,000 levels of pyramid schemes, and the amount involved is as high as 5 billion yuan. It is rumored that the co-founder packaged by Plus Token turned out to be a foreign student. So who is the actual operator behind Plus Token? How is he now?