4. Risks in the coin circle

As mentioned in the first article, the coin circle is very chaotic. The main reasons are two: transnational crime and disorder.

Transnational crime is easy to understand. Almost all the bosses in the picture circle are in China. You can at least know where to go to defend your rights, but this is not the case in the coin circle. You will face dog dealers from all over the world. If you unfortunately buy air coins, you can't go to the Maldives to defend your rights, right? In addition, it is not difficult to issue air coins. Except for the token founder written in the token white paper (which may also be fake), you can't find the dealer at all. There are no technical barriers and economic thresholds for issuing tokens. It costs 100u and you can easily issue one trillion coins.

Disorder comes from decentralization. As mentioned in the previous article, the foundation for the survival of virtual currency is decentralization, and decentralization hides everyone in the nodes. Although the current laws and regulations tend to support the protection of virtual property, after the criminals in the coin circle get your tokens, those who have a little experience know that they have gone through the mixer. After the mixer comes out, how do you prove that these are still your tokens?

5. Common fraud methods in the cryptocurrency circle

Many newbies in the circle will inevitably pay tuition fees. If you can keep this chapter in mind, you can at least pay less.

There are thousands of fraud methods in the cryptocurrency circle, and they can even be said to be bizarre. I roughly summarize them into two schools, namely hardcore technical flow and gentle brainwashing flow.