Detailed Explanation of Funding Platforms, Pyramid Schemes, Community Coins, and Ponzi Schemes
The environment is chaotic as we approach the end of the year in mainland China! Recently, funding platforms, CX organizations, and others have started to revive in large numbers. As retail investors, we have been walking on thin ice since entering the market.
As an experienced knowledge blogger, what I can do for everyone is to popularize how these CS schemes deceive people. This article will provide a detailed explanation of the concepts, patterns, how to deceive, how they operate, how to distinguish between good and bad, and how to avoid pitfalls in funding platforms, pyramid schemes, community coins, and Ponzi schemes! I hope it helps you!
In the wave of blockchain dividends, opportunities and traps are often only a thin line apart. Although these four have different names, their underlying logic often overlaps significantly: using information asymmetry to pay profits to early entrants with the money of late entrants.