Black hole in the coin circle: no more people, no Jiangshan

Inscription: Humanity has never changed on the issue of financial speculation. The bubble always stimulates the human desire to the extreme, and suppresses the IQ of the person to the other extreme.

one,

A buddy, people are very good, but the stock market is really unacceptable. In the past ten years of making stocks, I have successfully made the principal from tens of millions to millions.

At this gathering in the middle of 2017, this gentleman was so sad that he felt that the stock market was not easy to make money. After buying stocks, TMD was not a human being, and disappeared from the circle of friends. Everyone thought that he was disheartened, went to retreat introspection, or went to the gold basin to wash his hands and did business. He also worried that he would be depressed and would not think about it.

But recently, he appeared in the spring breeze. Like the prodigy boy, he started the venture capital with low-key and almost random. He asked who asked for money. The startup lost one or two hundred million. The startup lost one or two hundred million. Real money and silver.

I am very aware of his past family, where is the money? This gentleman is very understated and candidly answer: send the tokens. Three ICOs were issued in three months, one raised 300 million, and one raised 2 billion, all of which were short-term super-raised. I will send you a few coins I sent.

It is said that this is the routine of the domestic currency "startup company":

1. The old ICO driver of the coin circle leads the door to learn the routine;

2. Outsourcing technology and white papers;

3. Find a large platform;

4. Contact overseas foundations, registered companies, lawyers, etc.;

5. Private placement;

6, a large transaction fee to negotiate the trading platform;

7, the dot media brush a wave of publicity;

8, on the line to send money;

9, sitting on the operating price;

10. Harvesting leeks;

11. Transfer wealth to the country and go to the peak of life

After chatting for a long time in the currency circle, the monarch talked about the doubts from the heart: What did you say about the world? Dreaming the same. I don't even know what morality has accumulated on my ancestors? This can't be considered as stealing money. A white paper that is arbitrarily created and flawed. A bunch of people are rushing to give you money, and they can't stop it.

( The team in an ICO white paper introduced that lazy to a foreigner directly Baidu)

At the end of the day, he sneered at me with a disdain: he did not fish in the currency circle, and he was so stupid in the stock market.

two,

This is just a small case of the myth that the coin circle is rich. In fact, it is a mass group like him to devote himself to the currency circle and then to get the wealth that most Chinese families can't accumulate for hundreds of years. They are like the poor straws of the revolutionary straw, and they have completed the turning over the night, from abject poverty to the magical transformation of the master of wealth.

The currency circle is fast, and the money is easy to make. In the well-documented history of human finance (the history of financial fraud?), it is a unique example of no one who has never come before.

Forbes recently released the first "virtual currency" field rich list (cryptocurrency net assets), we saw the familiar figure of Ruibo CEO, Coinbase boss, V God, Bitcoin Foundation founder, BM, BB, etc., RiPP le Founder Chris Larsen ranked first and Ethereum co-founder Joseph Lubin ranked second:

The Chinese have one who broke into the top three. Unexpectedly, this person is not the "best-selling author" Li Xiaolai, who is the coin-issuing coin. He is not the CEO of the bite mainland, Wu Jihan, who sells mining machines. Instead, he is the CEO of the currency exchange network, Zhao Changpeng, who opened the "exchange" for digital currency:

To open up the reliability of Forbes data, we see such a speed of wealth transfer: Zhao Changpeng, a Chinese programmer, has only spent a month from creating the Binan platform to the rich and powerful !

Playing the money in the currency circle is nothing more than the following three mainstream games:

And issue tokens. It is also called ICO, which is basically similar to the IPO of the stock market. It is fast, large in scale, and it can be issued in a single order, ranging from a few hundred million to more than tens of billions. But the path is longer and the process is more complicated. This is the way in which Li Xiaolai and other "currency entrepreneurs" play.

Selling mining machines. This is a way to sell iron shovel and water to people who dig gold mines. It is a gameplay of Wu Jihan and others who have a certain technical content. With a monthly shipment of over one million units (disclosed by industry insiders), each gross profit is no less than 10,000 considerations, and the monthly gross profit is several billions, and the speed of gathering money is no less than that of issuing tokens;

Open an exchange. This is different from the official exchanges such as the Shenzhen Stock Exchange and the Shanghai Stock Exchange, and bears the joint and several liability exchanges. At present, all the virtual currency exchanges are a website set up by private individuals. No one needs approval, development is on-line, and some people use it. It is the gameplay of Binance, Fire Pro, OKEX, and BitStar. Take Zhao Changpeng's Binance network as an example, 24 hours a day, 24 hours a day, trading at no less than 6.1 billion US dollars (according to Coinmarketcap data), two-way no less than one-thousandth of the fee, the daily deposit is also Nearly 100 million yuan, this is not a significant listing cost per ICO, as well as market maker fees.

No matter which kind of gameplay, there is a common feature: the speed of money is so fast that it is terrible.

In fact, because the wealth of the people in the currency circle is so fast that they are both trembling and afraid, their vast wealth is either deliberately low-key concealed or transferred overseas. What we see on the surface is just the tip of the iceberg. With the total volume of digital currency today, more and more folk (chives) participants (coin nets add millions of users every week, only one hour in January 10 this year, 240,000 people registered, The platform has to temporarily close the registration channel. Many industry insiders who have played the currency circle have tacitly rejected the fact that the richest man in the world and the richest man in China have already changed hands as early as the end of the year.

Excluding the peasant uprising, such as the “local tyrants, sub-fields” violent deprivation of wealth, the human period has never been in the peaceful period of not improving overall labor productivity, creating new wealth, only through the transfer of stock wealth (fraud), And realize the structural transformation of the entire social class in such a short period of time.

The question is, from the government to the private sector, what should we think of and deal with this stormy wealth transfer and class transition?

Remember the word that I chose in the previous text: Wealth Transfer.

The transfer of wealth and the creation of wealth, the difference between the two words, is a world apart.

three,

The technology itself is not shameful - this sentence is said by Wang Xin, the fast-casting CEO who was sent to prison by LeTV.

(Wang Xin, who was just released from prison, was warmly welcomed by the Internet circle.)

This sentence is still used in the blockchain - although I have not fully understood the blockchain yet, I believe this is a technical architecture that has the potential to change or subvert many things. The technology itself is not shameful.

However, if you are in the name of "changing human technology" and going to the wrong way, it is not a shameful problem, but a crime of sin and non-crime.

As of now, the most successful application of the blockchain is the digital currency such as Bitcoin and Ethereum. The problem is that 99.99% of the current digital currency is a fake, non-return scam.

The difference is not a scam. There is one simple way: just look at whether the "currency" is dug up or sent out.

In fact , it is not difficult to technically analyze the nature of various Tokens . The block-based chain architecture and POW (workload proof mechanism) consensus mechanism dug out coins, for example, said Bitcoin, litecoin, Ethernet Fong, which has the characteristics of a distributed decentralized to, currency PoW prove these pure, Because of the participation of miners, the more power (coin), the more wealth, the more wealth, the founder and himself needs to dig to get the currency, which does not borrow money, nor has the right to change the future development path. It is also very difficult to manipulate them . Therefore, the currency that is dug out is essentially an exchange intermediary and tool .

However, counterfeit currency (air currency) without a distributed ledger is not. There is no essential difference between the issuance of air coins (ICO) and the IPO of the stock market. The currency is a tool used by the money-issuing team to make money. The difference is that every share of the stock market IPO is against the existing physical assets of the listed company. Assets, and the "assets" of tokens are just an idea of the coin-issuing team , or air.

If someone says selling air to you, you must be jealous that he is a neuropathy. So they changed the name, not the air, but the air coins - so the people are rushing.

The core of the blockchain is decentralization, but the issuance of tokens has just returned to a centralized issuer . The only difference from the real world legal currency is that the legal currency (such as the renminbi, the US dollar) is issued by the central bank endorsed by the government's violent machine, and the token is filled with a madmanism in a mind, or just for naked scams. The personal release of money.

This is a huge irony, and it is also a pain point for all token issuers (swindlers) to never be able to justify themselves - but this will not prevent them from getting rich overnight, and will safely transfer money from the air circle to the outside world. Splurge.

To put it simply, the coins that are dug up (such as bitcoin) have their existence value. And wherever the currency is issued, 99.99% is a scam.

When the stock market crashed last week, Chan Changpeng CEO Zhao Changpeng “transferred” a tweet: “The US stock market evaporated by $1 trillion last week, which is higher than the total value of all virtual currencies.” Zhao Changpeng’s comments Yes, "There are people who advocate 'bitcoin is a bubble'. I think the real problem is, 'the stock market and bitcoin, who is the bubble?'"

Zhao Changpeng actually misunderstood the meaning of the market: at least 99% of the air tokens, they have no right to call the bubble.

In other words, if there is a physical asset against the underlying stock, it can be called a bubble when the valuation is excessive. There is no physical token against the target air token at all, and it has nothing to do with the bubble, but a scam.

four,

Since it is an obvious scam, why are so many people voluntarily entering?

Without it, there is no perseverance in those who have no permanent production. In a historical environment in which wealth creation, distribution and inheritance mechanisms are distorted in China, all Chinese people are used to taking short and crude shortcuts to obtain short-term wealth . The violent deprivation is one of the most favored, and the abduction is another favor.

Everyone is cheating, and there is no chance at all without participation.

What's more, there are cases of bitcoin , which are tens of thousands of times of shocking and popular cases. It is inevitable that the poor people are screamed and screamed:

As for whether Bitcoin will fall by 60% in one month, it is not within their consideration - gambling and losing, if you are lucky, won? Fortunately, the Chinese do not have religious beliefs and do not care about the afterlife - anyway, they will die sooner or later:

The problem is that chives can think so, but this, for a country, a society, in the end what does it mean?

In the history of mankind, financial scams have gone more. The tulip fanaticism of 1637, the South China Sea bubble of 1720, the P2P scam in the immediate vicinity... This is related to the greed of human nature, let him go. The arrest of people has passed.

But if you don't arrest people, the whole country is gone?

This is by no means an alarmist, but based on several basic characteristics of tokens:

99.99% of the tokens are undoubtedly a fundraising scam . Because it does not create new wealth, it only realizes the plundering and transfer of the wealth of stock;

The transfer of this wealth of stocks, its scale and speed, far exceeds the "pediatrics" such as P2P - ICO money grabbers are surging, and several large "exchanges" in China are waiting in line for the listed tokens. Up to thousands of, a larger "exchange" day can also easily spend more than 100 million yuan - the so-called "currency day, one year in the world";

Most of these wealth that have been easily transferred (plundered) will never go back . There are not a few ICOs who really want to do something in the industry, or they are either transferred out of the country or squandered.

For any country, the accumulation of wealth and capital is difficult, and the above characteristics of the token, for the country, is a huge capital to swallow black holes, and the rate of loss in days, in hours:

1. If the money in the ICO circle comes from industry or rich people, it will directly erode the physical balance sheet and reduce the investment amount of the whole society;

2. If the money in the ICO circle comes from amaranth or the poor, it will directly damage the resident's balance sheet and reduce the consumption of the whole society;

This kind of capital engulfing the black hole will continue to withdraw the total demand of the society in a quiet, large-scale, high-speed, irreversible manner. This is an unbearable weight for the Chinese economy, which is struggling with the transition and is struggling. If you ignore it, it is entirely possible to drag the Chinese ship, which is so riddled with holes, into the abyss of darkness.

Fortunately, the regulatory layer has already acted. On September 4, 2017, the regulation directly identified the ICO as “illegal public financing” and officially stopped. ICO fled and many projects had to be refunded. But ICO chain fast maneuvers from domestic to foreign countries, even developed better than the original, this sea crossing the robbery soaring ICO was immortal. Without a supervised sledgehammer, the participants moved towards a more free and more crazy world. On behalf of the cast, the platform is guarded by self-stealing, and there is no exercise or even sitting directly on the market... The exchanges and currency exchanges of the dragons and dragons are replaced with new vests, and they continue to make a fortune, and the money is spammed and fraudulent. The investment behavior began to be staged in the QQ group, WeChat group and circle of friends. The lead brother who has a slight influence in the circle is asked by the team of a certain currency. Just pull a WeChat group and you will be able to "cut the slap". Public fundraising accounts for 80% of the shares, and private equity accounts for 20% of ICO. After going out to sea, the structure is reversed. Most projects, private equity has reached 80% , and these private placements are still quite Chinese.

Change the soup without changing the medicine!

Humanity can't stand the test. The madness of human speculation is not on the line. The ICO fanaticism caused by the hype-making effect in the world has begun to spread to many enterprises and families that have nothing to do with the blockchain. They don't understand what the blockchain can do, but they see that tokens may make them rich overnight. Such bubbles and scams have become more and more popular, and there are more and more families involved, people's wisdom is not up to speed, pyramid schemes are not limited, and there is no supervision. I can't imagine what it would be like.

More critically, this will affect sovereign authority and erode the entire traditional financial architecture.

A country, the currency and economic power are the foundation of the country!

The chaos in the air token market will inevitably impact the existing securities market structure and system design. If left unchecked, the next step will be to generate dazzling financial varieties and trading markets that will quickly overturn all trading market and variety system design frameworks that almost sovereign currencies have.

If it is not regulated, this is undoubtedly the sword of Damocles hanging on the sovereignty of the country. Letting it develop overseas is equivalent to handing over the economic sovereignty of the country. This will be given to the army that will guard our homeland. There is no difference in chaos.

In July 1949, Chen Yun came to China's largest industrial and commercial city: Shanghai. This was the city with the most speculative and economic difficulties at that time. The stability of the Shanghai economic situation has had a great impact on the country.

One of Chen Yun’s guiding ideologies is to use political views to observe and solve financial problems. Subsequently, Shanghai Municipal Public Security Director Li Shiying led more than 200 police officers and arrested 238 people in conjunction with the Shanghai Garrison Command, giving a punch to the illegal activists who undermined finance. Shanghai quickly Dazhi.

This round of fare that borrows the token ICO crazy money is inseparable from the role played by the crazy set-up person. Those who take the lead in setting up the bureau should take the lead in paying the price at the end of the game, rather than being free from scams.

Borrowing the words of Rebs: There are fewer people who come to Hu, and everyone can concentrate on doing things.

end:

Masco's rocket feat, like a cannon in the October Revolution, awakened the Chinese who were sleeping.

Shouted a hundred years of slogan "being lagging behind", and now it is out of date.

The Chinese revival cannot rely on bureaucrats, doctrines and crazy token scams, and it is even more impossible to rely on Maotai and real estate. If the times can't avoid the bubble, let it blow in technology and industry. After the bubble bursts, even if a great company is worth it.

Repeat the reminder of the title: no more people, Jiangshan is gone!

Larger Legs Boxer

Shandong EMF New Material Technology Co., Ltd , https://www.earthingsilver.com