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① 2017 Guiren Liquor Direct Sales Scam
Not a scam
As a representative of soft, sauce-flavored liquor, Tianchao Shangpin Guiren Liquor extracts the essence of national liquor, and the brewing process captures the aura of heaven and earth. , integrating the essence of grains, there are two feedings in the entire production cycle, one adding sand, nine times fermenting, ten times cooking, and seven times balancing the wine. The aroma is mellow and plump, smooth and smooth in the throat, and is deeply loved by consumers.
Guiren Tong was officially launched at the "Guiren Blockchain Global Launch Conference" held in Guiyang on August 13, 2017! (People’s Daily had full-page reports on this launch conference on 2017/8/13 and 2017/8/17)
1. Guiren Chain was born in Guiyang, which is China’s Internet Financial Special Zone, and Guiren Chain is a city in Guiyang Sovereign blockchain.
2. Guiren Chain is the world’s first blockchain in the form of a white paper, with government endorsement and sandbox supervision.
3. Guiren Chain is a blockchain version 3.0 created by Jingtong Technology’s team of blockchain experts from Silicon Valley, serving the real economy and linking 360 lines.
4. A constant issuance of 600 million yuan will never be issued. The first phase is only 240 million yuan, and the other 360 million yuan will be released in ten years.
5. CCTV, People’s Daily and other mainstream media promote it to build China’s great power brand.
6.200 city tour roadshows to fully promote the issuance of the Guiren Chain.
② How to make money with blockchain? Is it a scam?
It is not a scam. Generally speaking, the blockchain is still in its infancy, and many projects have not yet been implemented. Only those who respect the law of growth can Only by cultivating it step by step under certain conditions can it gradually mature. Technology is neutral, but it is human nature that determines the direction and outcome of technology. How blockchain and digital currency will develop in the future depends on the values and civilization of the controller.
Blockchain can allow you to make money in this industry, but it can also make you bankrupt. Therefore, I would like to remind users that they need to be cautious when investing. Don’t let yourself get involved without making money, and the gain outweighs the loss. There are also many blockchain scams. We must also be more vigilant to avoid being deceived and causing unnecessary economic losses.
Expand information
Pre-loan stage
Blockchain technology can first be applied to the logistics supply chain to help banks and other lending institutions more comprehensively and accurately grasp the real main business, transaction background, and financing of small and micro enterprises. Downstream affiliated enterprises, as well as their negotiating position in the supply chain, product sales, rhythm and path of payment, etc., on the one hand, help more asset-light, high-growth and high-quality enterprises obtain financing support through transaction bills, logistics documents, etc. On the one hand, it prevents problematic enterprises from falsifying their business background and capital needs to obtain loans.
In addition, blockchain can also be applied to the provident fund interconnection to help banks understand the actual payment status of social security, provident fund, etc. of shareholders, executives, and ordinary employees of borrowing companies, so as to reasonably evaluate the size of the company's personnel and operating conditions, and provide credit and loans. Provide sufficient basis for approval decisionsaccording to.
Loan stage
Blockchain technology can be applied to corporate loan information review and mortgage and pledge review to help banks improve approval efficiency and ensure approval quality. In the financing process of enterprises, especially small and micro enterprises, they often need to provide contracts and other necessary materials. Paper-based contracts with multiple signatures and seals are not only inefficient, but also have a series of problems such as forgery, alteration, and false signatures, which bring problems to bank approval. Greater counterfeiting, fraud and credit risks.
With the support of blockchain technology, relevant real-name information subjects, orders and ordering processes, electronic contracts, agreement signing processes, subsequent supplementary agreements, and photo materials can be preserved in real time, and all stored certificates cannot be tampered with. Ensure that the bank quickly authenticates and approves, and efficiently resolves disputes when they arise. In addition to traditional real estate, other assets owned by enterprises and business owners, including bank financing and other financial assets, can also be used for transfer and pledge, becoming a qualified basis for credit enhancement that can be accepted by banks, improving the availability and immediacy of corporate credit. .
Post-loan stage
Blockchain technology can be applied to the timely assessment of an enterprise's production and operation status and ability to perform repayments, helping banks to effectively grasp credit risks and adjust post-loan risk control strategies at any time. In past business practices, banks often neither fully understand the true market value of mortgages and pledges, nor can they well judge the impact of an enterprise's operations in warehousing and exiting on the market value of remaining mortgages and pledges. The ability to control new loan types such as warehouse receipt pledges is relatively low.
After switching to digital warehouse receipts supported by blockchain technology, product quality, quantity, specifications, photos and other information can be completely and standardized on the chain, authenticity and traceability are fully guaranteed, and banks can technically prevent Enterprises and warehousing institutions fabricate warehouse receipts and inconsistencies between warehouse receipts and warehouse entry and exit information to ensure that post-loan management is effective. In addition, information such as factory buildings and office building leasing of borrowing companies can also be fully shared with banks, upstream and downstream enterprises and other intermediary service agencies through blockchain technology, minimizing the risk of money being lost and other issues such as "people leaving the building empty".
③ Is Guiren Chain legal or a scam?
The laws on blockchain are not perfect enough. Whether Guiren Chain is legal and a scam has yet to be verified. You can ask the people's police of the public security organ to assist in identification or verification. The investigation conclusions of the public security organs are the most authoritative. The national unified reporting hotline is 110.
It is worth noting that Guizhou Guiren Big Data Blockchain Industry Development Co., Ltd. was listed on the abnormal business list by the Industry and Commerce Bureau on February 28 this year because it could not be contacted through the registered business place.
Currently, the country has banned the issuance of encrypted digital currencies, so it is impossible for any government-backed digital currencies to exist. The right to issue currencies is firmly in the hands of the central bank. This company is a second-rate company at best. Liquor sellers may not necessarily be selling real wine. We can’t judge whether the wine is genuine or fake. What we can judge is that this noble coin is worthless. It has no so-called national background and no involvement of Maotai Distillery. , so don’t because of thisGrow virtual currency to buy wine.
(3) Is the Guiyang blockchain true or false? Extended reading:
Some criminals use the name "financial innovation" and "blockchain" to Under the banner of "chain", it absorbs funds through the issuance of so-called "virtual currencies", "virtual assets" and "digital assets", infringing on the legitimate rights and interests of the public.
In this regard, the State Administration for Market Regulation and multiple ministries and commissions jointly issued the "Risk Tips on Preventing Illegal Fund-raising in the Name of "Virtual Currency" and "Blockchain".
The "Tip" analysis shows that such activities are not really based on blockchain technology, but are actually hyping the concept of blockchain to illegally raise funds, pyramid schemes, and fraud. They mainly have the following characteristics:
< p>First, 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 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.The second is that it is highly deceptive, tempting and concealable. 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.
Third, 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.
④ Is blockchain a pyramid scheme? Is blockchain a disguised pyramid scheme?
Blockchain is a new technology and is not a disguised pyramid scheme. It is just claimed by many pyramid schemes to be "blockchain "Chain" actually does not 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 equivalent to virtual currency, and there are also security risks. Behind the popularity, there are exaggerated publicity campaigns 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 intensification of supervision and the cooling of the trend of currency speculation, the trend of blockchain has been greatly affected.The development has brought new opportunities. 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. .
Shenzhen police investigation found that the company claimed that investors could put "common silver coins" on the virtual trading platform "Jubi.com" to earn the price difference
. In fact, the change in its buying and selling price was caused by the company using investors' investment funds to perform 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 funds involved were seizedYuan.
Jinan police introduced 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 a total of 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 "a major invention of the same magnitude as the steam engine". 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 criminals have the 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. 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 famous speakers have formed interest alliances with issuers, digital exchanges, etc. to endorse the "Air Coin" project platform and create public opinion. In December last year, nine departments including the People’s Bank of China defined 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 rights and interests mechanisms for the development of blockchain technology. This mechanism is indispensable for stimulating the prosperity of blockchain applications. "The market practice in the past five years has proved that blockchain applications without equity mechanisms are like computers without Internet connections and market economies without currencies. Applications The scene 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.
Currently, more and more people in the industry are beginning to think about whether the development of blockchain must rely on the issuance of tokens. Realize incentives. Guo Dagang, secretary-general of the Beijing Internet Finance Industry Association, told this reporter that the so-called incentive mechanism is just a theoretical basis for project parties to issue tokens.
Second, the district Blockchain is not omnipotent, and there are risks to security. Blockchain is generally considered to be able to fulfill three functions:
First, the data stored on the blockchain cannot be tampered with or forged. It has high credibility and credibility; secondly, the entire transaction process is traceable, enabling accurate tracking of responsibilities; thirdly, smart contracts embedded in the blockchain can be automatically executed based on the contract, thereby improving work efficiency and reducing the risk of default. Commonly seen in the industry It is believed 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 according to its Due to the characteristics of cryptography, 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 that is widely participated by the public will be difficult to tamper with. .
However, in reality, digital currency exchanges are frequently attacked and even stolen. On June 20, 2018, South Korea’s Bithumb Exchange announced on its official website that the exchange was attacked by hackers and value was stolen. 35 billion Korean won, approximately US$32 million in cryptocurrency.
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 easy Information leakage occurred. 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.
Thirdly, the popularity of the blockchain is not completely true. Data It shows that from the end of 2017 to the beginning of 2018, more than 300 self-media companies mainly focused on ICO projects appeared, becoming an abnormal phenomenon worth noting.
On August 24, 2018, the China Banking and Insurance Regulatory Commission website issued a risk warning to remind the general public to beware of using "virtual currency"Illegal fund-raising in the name of "blockchain".
The original text is as follows:
"Risk Tips on Preventing Illegal Fund-raising in the Name of "Virtual Currency" and "Blockchain""
The China Banking and Insurance Regulatory 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 Issuing so-called "virtual currency", "virtual assets", "digital assets" and other methods to absorb funds and infringe on the legitimate rights and interests of the public. Such activities are not truly based on blockchain technology, but are a result of illegal fund-raising, pyramid schemes, and fraud by hyping the concept of blockchain. In fact, it mainly has 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 build websites by renting overseas servers, essentially carrying out activities for domestic residents, and conducting illegal activities through remote control.
Some individuals claim to have obtained investment quotas for high-quality overseas blockchain projects in chat tool groups. It can be invested on behalf of others, but it is most likely a fraudulent activity. Most of the funds for these illegal activities flow overseas, and supervision and tracking are very difficult.
2. It is highly deceptive, tempting, and concealed. Use hot topics for speculation. , fabricate numerous "high-level" theories, and some even use celebrity V's "platform" propaganda, using airdrops of "candy" as temptations, claiming that "the currency value will only rise but not fall", "the investment cycle is short, the returns are high, and the risks are low." ”, 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, setting profit and withdrawal thresholds, etc. In addition, some criminals also use ICO to Issuing tokens under innovative projects such as , IFO, IEO, etc., or conducting virtual currency speculation in the form of IMO under the banner of sharing economy, has strong concealment and deception.
3. There are many 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, and continue to Expanding the capital pool has the characteristics of illegal fund-raising, pyramid schemes, fraud and other illegal activities.
Such activities use "financial innovation" as a gimmick, and are essentially a Ponzi scheme of "borrowing new to repay old", making it difficult to operate funds. Long-term maintenance. Please treat 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; you can actively report to relevant departments any clues about illegal crimes discovered. p>
⑤ What does blockchain mean and how to understand it
Blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm.
Blockchain, an important concept of Bitcoin, is essentially a decentralized database that simultaneouslyAs the underlying technology of Bitcoin, it is a series of data blocks generated by using cryptographic methods. Each data block contains a batch of Bitcoin network transaction information, which is used to verify the validity of its information (anti-counterfeiting) and Generate the next block.
Notes
1. Blockchain Originated from Bitcoin, on November 1, 2008, a person claiming to be Satoshi Nakamoto published the article "Bitcoin: A Peer-to-Peer Electronic Cash System", which elaborated on P2P network technology, encryption technology, The architectural concepts of electronic cash systems such as timestamp technology and blockchain technology mark the birth of Bitcoin.
Two months later, the theory came into practice, and on January 3, 2009, the first genesis block with serial number 0 was born. A few days later, block number 1 appeared on January 9, 2009, and was connected to the genesis block number 0 to form a chain, marking the birth of the blockchain.
2. In order to realize the great leap forward development of blockchain finance, in order to promote the new development of China’s economy, accelerate the circulation of global assets, and realize the dream of rejuvenation that generations have been striving for, Puyin Group launched the On the 9th, a Puyin Blockchain Finance Guiyang Strategy Release Ceremony was held in Guizhou. At the meeting, the digital circulation of assets through blockchain, the blockchain financial transaction model, and the application of blockchain services and social public industries will be discussed. Start a discussion.
⑥ Is blockchain investment true or false?
Legal objectivity:Article 123 of the "Civil Code of the People's Republic of China" states that civil subjects enjoy intellectual property rights in accordance with the law. Intellectual property rights are the exclusive rights enjoyed by obligees in accordance with the law with respect to the following objects: (1) works; (2) inventions, utility models, and designs; (3) trademarks; (4) geographical indications; (5) trade secrets; 6) Integrated circuit layout design; (7) New plant varieties; (8) Other objects specified by law.
Legal subjectivity:Blockchain technology itself is not a scam, but it does not rule out that some people use blockchain as a cover to commit scams. Several problems exist in blockchain: 1. The problem of excessive blockchain size. With the development of blockchain, the volume of blockchain data stored by nodes will become larger and larger, and the storage and computing burden will become increasingly large. The heavier. Taking the Bitcoin blockchain as an example, the size of its complete data currently reaches about 71GB. If a user uses the Bitcoin Core client to synchronize data, it may not be possible to complete the synchronization for three days and three nights. Moreover, the data of the blockchain The volume is still increasing, which brings a great threshold to the operation of the Bitcoin Core client. 2. The problem of blockchain data confirmation time. The current blockchain system, especially the financial blockchain system, has the problem of long data confirmation time. Taking the Bitcoin blockchain as an example, the current confirmation time of a Bitcoin transaction takes about 10 minutes. In the case of 6 confirmations, you need to wait for about 1 hour. Of course, for credit card transactions, the confirmation time is 2 to 3 days., Bitcoin has made great progress, but it is still far from the ideal state. 3. Dealing with the problem of transaction frequency The blockchain system faces the problem of too low transaction frequency. Taking the Bitcoin blockchain as an example, the average size of each transaction is about 250 bytes. If the block size is limited to 1MB, the number of transactions that can be accommodated is 4,000. Calculated at the rate of one block every 10 minutes, 144 blocks can be generated every day. Yunzhou can accommodate 576,000 transactions. Divided by the number of seconds per day, 86,400, the Bitcoin blockchain can process up to 6.67 transactions per second. trade. Currently, the actual daily transaction volume on the Bitcoin blockchain is close to the system bottleneck (picture). If the expansion problem is not resolved, it may cause congestion and delays in a large number of transactions. Average number of transactions in Bitcoin blocks (Source: Block Yuan) In comparison, Paypal's overall number of transactions in the third quarter of 2013 was 729 million, with an average of 93.75 transactions per second. Information from the official website of VISA, the world's largest payment card, shows that VisaNet achieved a processing capacity of 47,000 transactions per second in a 2013 test. Compared with several major payment networks such as Alipay, the Bitcoin blockchain is more like a newborn baby in terms of transaction processing frequency. Of course, this was also an early deliberate design by Satoshi Nakamoto. The Bitcoin block size was limited to 1MB to avoid the malicious behavior of rogue miners and have a negative impact on people. Bitcoin blockchain payment The reason why the Internet has grown to be worth billions of dollars today is that it is decentralized. 4. The development of blockchain is restricted by the current system. On the one hand, the decentralized and autonomous characteristics of blockchain dilute the concept of national supervision and have an impact on the current system. For example, digital currencies represented by Bitcoin not only pose a challenge to the country's right to issue currency, but also affect the transmission effect of monetary policy, weakening the central bank's ability to regulate the economy, causing monetary authorities to remain cautious about the development of digital currencies. On the other hand, regulatory authorities also lack full understanding and expectations of this new technology, and the establishment of laws and systems may lag behind, resulting in a lack of necessary institutional norms and legal protection for economic activities related to the use of blockchain, which inadvertently increases reduce the risks of market entities. 5. The integration cost of blockchain technology and existing systems is relatively high. For any innovation, existing institutions must ensure that it can not only create economic benefits, but also comply with regulatory requirements and connect with traditional infrastructure. Especially when deploying a new basic system, the cost of time, manpower, and material resources is very large, and the resistance encountered within existing traditional organizations is also not small. Of course, the existence of problems cannot hinder the development of blockchain. The proposal and in-depth research of technologies such as simple payment verification, side chain, and lightning network protocols have provided ideas for solving the above problems.
⑦ Is Yunzun Coin a pyramid scheme?
Yunzun Coin is a pyramid scheme.
The Huaguoyuan Branch of Guiyang Nanming District Market Supervision Bureau in accordance with the law punished a company for conducting pyramid schemes in the name of "Blockchain Academic Exchange"For illegal activities, an administrative penalty decision was made to confiscate illegal gains of 60,000 yuan and impose a fine of 4,000 yuan.
On May 14, law enforcement officers from the Huaguoyuan Branch of the Nanming District Market Supervision Bureau discovered during daily supervision that a trading company was developing members in the name of "World Blockchain Research Institute Guizhou Branch".
At that time, 93 people were participating in the training. Banners such as "Blockchain Academic Exchange" and "Yunzun Group Encrypted Digital Assets" were hung in the training venue, and many "World Regional Chain" were found in the laptop. "Project and "Yun Zun Coin" project courseware and training materials.
Reference source: People’s Observation Network-Yunzun Coin” and “World Regional Chain” were investigated and punished for suspected pyramid schemes, and illegal assets were confiscated
⑧ Is Guiyang Xinde Fusion Blockchain Industry Development Co., Ltd. real?
How long can Xinde Fusion last?
⑨ Is blockchain reliable?
With the development of the times, many science and technologies are now used in people's lives. Blockchain is a very widely used Internet technology. The purpose of blockchain is to verify the validity of information, so it is anti-counterfeiting. Functional. Blockchain combines many data blocks in a chain structure in chronological order to maintain the reliability of the database. Blockchain has a wide range of application fields and is often used in finance, the Internet, insurance, There are also some public welfare fields. Blockchain is divided into public and private. Its biggest features are high transparency, decentralization and collective maintenance. Because it is used too widely, many people have doubts about blockchain in daily life. There are doubts about the blockchain, and I don’t know if it is reliable.
Generally speaking, blockchain technology is not a scam, it is reliable, but at the same time it also has certain disadvantages. Blockchain Chain technology can be of great benefit if applied in legal fields, but once it goes astray and is introduced into illegal fields, it will have very serious consequences.
⑩ Is Guiren Coin a pyramid scheme< /p>
Guiren Coin is suspected of pyramid schemes. Guiren Coin is a product of Guizhou Guiren Big Data Blockchain Industry Development Co., Ltd. It is certain that Guiren Coin is suspected of violating regulations. Whether it is suspected of pyramid schemes is under investigation by the Guiyang Municipal Government.
The following is the answer from the Secretary of the Guiyang Municipal Party Committee:
1. Questions about the nature of "Gui Ren Coin".
After understanding, "Gui Ren Coin" is not "Guizhou Provincial People's Government Area" "Chain Currency", in response to the issues of "Guiren Coin" and "Guiren Tong", the municipal financial department has made it clear that naming "Guiren Coin" after "coin" is suspected of violating the rules.
2. "Guiren Coin" and "Guiren Tong" ""Blockchain", "Big Data" and other such companies are involved in the issue of whether they are involved in propaganda.
After understanding, the Guiyang Municipal Communication Office attaches great importance to it and contacted Guiyang Industry and Commerce, Guiyang Public Security, and Guiyang Municipal Public Security Bureau respectively. Municipal finance and other departments, and conducted discussions and communications on relevant content. Online MLM is different from traditional MLM.The operation of online platforms has problems such as the difficulty in obtaining evidence and qualitative identification in a short period of time. So far, no department has sufficient evidence to judge whether it is an illegal pyramid scheme according to the law.
(10) Is Guiyang Blockchain true or false? Further reading:
The following acts in Article 7 of the "Prohibition of Pyramid Selling Regulations" are MLM behavior:
1. The organizer or operator, through developing personnel, requires the developed personnel to develop other personnel to join, and the developed personnel will be calculated and paid based on the number of personnel directly or indirectly developed on a rolling basis. (Including material rewards and other economic benefits, the same below), seeking illegal benefits;
2. The organizer or operator, through the development personnel, requires the development personnel to pay fees or pay in disguised form by subscribing for goods, etc. Fees, to obtain the qualifications to join or develop other personnel to join, and to seek illegal benefits;
3. The organizer or operator requires the developed personnel to develop other personnel to join through the development personnel, forming a top-down upline relationships, and calculating and paying upline remuneration based on downline sales performance to seek illegal benefits.
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