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Is BBT a pyramid scheme?
According to the news of Jintou Foreign Exchange Network, a virtual currency financing project named BBT Gold Coin has recently become popular, claiming that you only need to invest in 800 yuan to get permanent income with a daily interest rate of at least one point. This seemingly profitable thing makes curious food guides think about it. However, after BBT Gold Coin Investment Group went undercover, the food guide found that this small investment and high return project turned out to be a complete scam. Today, the food director decided to take everyone to "strike hard" and expose the true face of pyramid schemes.

Question 1: BBT gold coins are worthless.

The virtual currency bitcoin succeeded. It has been accepted by many countries and people and can be used for shopping and consumption or converted into legal tender. As a result, BBT gold coins came to this leg at the right time, claiming to be linked to Bitcoin, and also imitating Bitcoin to build a platform system, such as imitating Bitcoin mining machines with coinage machines and imitating mining with coins. ...

The difference is that Bitcoin is open source and its total amount is limited (about 2 1 10,000). Every bitcoin generated is transparent and not subject to any manipulation. However, BBT gold coins are not open source, and the speed and quantity of BBT gold coins are controlled by the platform. As long as the platform developers are willing, BBT gold coins can be issued indefinitely.

This makes BBT gold coins completely uncompetitive among many virtual currencies, even worse than ordinary legal tender. Although legal tender can be issued indefinitely, at least it has the lowest national credit. Therefore, BBT gold coins are worthless, and claiming to be linked to Bitcoin is only deceiving members.

Question 2: Pulling people's heads to generate income

According to the promotional materials of BBT gold coins, there are two main income models: static income and dynamic income.

Static income refers to the production income of the mint. A mint produces 8 coins every day, of which 65% or 5.2 coins are 100 coins, which can be converted into RMB (1 coin = 1 RMB), and 35% or 2.8 coins are called heavy gold seeds (one-on-one exchange with coins). When you accumulate 800 gold coins, you can automatically buy a mint, so you can produce more gold coins every day. The production capacity of each mint is 1600 coins, which means that it can be reimbursed after 200 days of operation. Roughly estimated, the annualized static income exceeds 26%.

Dynamic income refers to recommending members to take "bonus", directly recommending members to reward 100 RMB, plus 10% of productivity income in the generation. The rule is that 1 person recommends 1 generation, 2 people recommend 2 generations, and so on. This is a typical pyramid scheme-pulling people to get benefits.

The existence of static income seems to have washed away BBT gold coins, because you can get good income without attracting people. However, promotional materials point out that static big orders are not encouraged, but a lot of space (actually chicken soup) is spent to encourage members to obtain dynamic benefits. Explain that the culture to be established by this organization is to encourage offline development and obtain dynamic benefits.

In fact, it is clear from the overall thinking that gold coins cannot be circulated to the outside world, and institutions cannot obtain income through investment. The only source of income is the money that members buy mint machines. Therefore, only by constantly attracting people and developing offline can we increase the income of institutions and maintain the entire capital chain.

Will people who only want to get static income have room to live? The answer can be imagined.

Question 3: Dividend per head.

BBT gold coins have a set of cashing mechanism, because what you get after pulling people's heads is gold coin income. Only by cashing in the money can we realize dividends to members and encourage them to attract more people. The specific method is to accumulate a certain number of gold coins, and then transfer to the online (teacher) or offline to receive dividends.

This way of paying dividends makes members feel that they are inviting friends to earn bonuses, rather than the headcount fee in traditional pyramid schemes, but in fact there is no difference between the two. The cumulative cashing of gold coins only makes people pay dividends later and more concentrated.

Question 4: Use MLM to brainwash members.

Like traditional pyramid schemes, the most "essence" part of BBT gold coins is brainwashing, and the contents of the two are almost the same. It is to use the psychology of members to fantasize about getting rich overnight and inject some successful cases, chicken soup, celebrity stories, trends and so on. And weave them into a grand dream of wealth, inspiring them to spare no effort to develop offline.

It is worth noting that there are many "MLM coins" similar to BBT gold coins, such as Vicat coins, K coins and Vbao coins. The common feature of these "MLM coins" is that they absorb new elements such as the Internet, finance and investment and wealth management, and are packaged like that, but they are essentially the face of MLM.

Speaking of this, everyone should be clear that without products, encouraging people to pull people's heads, making money by headcount fees, and brainwashing members is simply the standard of pyramid schemes! At present, Internet finance has become a fragrant cake, and related wealth management products are also emerging one after another, but in fact some of them are deceptive.

Buffett once said, "Don't touch investments you are not familiar with." In the face of the seemingly novel virtual currency financing project, BBT gold coins, we should also maintain this attitude. Vegetable friends must be cautious when choosing Internet financial products, and make a decision after full consultation and combining their own anti-risk ability.