VDS is a gorgeous robe covered with "lice" in the capital market
Produced by Odaily
Author |
Editor | Liang Chen
Editor | Liang Chen
Recently, VDS, a resonant MLM currency, has created a myth of a 40-fold increase in 2 months, making the resonance model suddenly popular in the currency circle.Let me introduce the resonance mode of VDS first: the project side makes a wallet, you import BTC into it, and generate a VDS wallet synchronously, users can use the BTC in the wallet to exchange (resonance) VDS, and the sooner they participate in the exchange of 1 BTC The more VDS there are.
Judging from the various news that have been released so far, a large wave of resonance coins imitating VDS is coming: HDS vibrates HT, ODS vibrates OKB, EDS vibrates ETH, WDT vibrates VBT, SDS vibrates EOS...
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"Resonance coins" that are good at packaging
The packaging of VDS is very "on the table". In the process of reading the white paper, the professional vocabulary in the white paper may confuse investors and make them dizzy, such as "elliptic encryption curve", "POW hedging balance issuance mechanism" Wait, in fact, many chapters are incomprehensible to people, but due to the use of more and blunt professional vocabulary, you may be deceived. After reading it, you only have one feeling: "This is a good project that will change the world. ".
According to the white paper, VDS is not a single blockchain project, but an integration of multiple research results of a blockchain-based distributed privacy Internet. It plays a role in finance and commerce, and its essence is an open Internet, while building a future currency network. That is to say, VDS is multi-functional and comprehensive in serving the world.When I saw this plan, I first thought of the Orchid Protocol dedicated to the Internet of Privacy. VDS has the same functions as the Orchid Protocol, but it is more versatile and technically stronger than the Orchid Protocol, because VDS also wants to build a currency network. The Orchid Protocol is a very ambitious blockchain project. Due to the need for very strong technical strength, the team has not succeeded after three years.let people
What is confusing is, since it is a distributed privacy Internet, why should it be combined with currency and finance, and how are the two combined? No answer could be found in the white paper.
According to the team's explanation, VDS's technology is born out of Bitcoin, it is a respect for Satoshi Nakamoto, and there is even a 1:1 airdrop based on BTC.
After reading through the white paper, it is found that VDS adopts the top technologies in the currency circle, such as smart contracts, Zcash anonymous technology (zero proof technology), cross-chain interaction, etc. Mainstream coins such as Zcash and the cross-chain ATOM are far behind. VDS also adopts the POW hedging balance issuance mechanism to ensure that the financial ecology maintains a reasonable operation, but the white paper does not elaborate too much on the technical level.
Although VDS is popular, some senior players in the currency circle seem to be less interested in this currency."The currency circle is now paying attention to the model currency of VDS, which resonates with Bitcoin. When I first learned about this currency, it was 8 yuan. I found that this currency was crowdfunded by using the benchmark Bitcoin.I immediately thought that EOS was benchmarking against ETH at that time, and EOS private placement only accepted ETH at that time, and the investment demand for EOS will support the price of ETH.I felt that there was nothing new about VDS, so it was fired.
Liu Ke, an industry insider, analyzed, "From Fomo3D to VDS, it reflects the importance of storytelling packaging. It is one thing in essence. There is nothing new. It looks like another thing if it is well packaged. Read more Science fiction, there are quite a lot of words and settings like "steel seal", and the world view of the works is fully laid out for you, and the logical deduction is almost done. Anyway, there are not many people who have seen it. It can be directly borrowed and modified. Don’t forget to feed back when you get money. After all, many authors who love to die in terms of worldview, are very innovative but don’t mix circles don’t sell well. After all, very few readers can get pleasure from burning their brains. People read books only for pleasure, and only when they are related to money will they seriously deliberate: Wow! The blockchain revolution."
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The essence of VDS is MLM currencyThe most fundamental reason for thinking that this is a pyramid scheme is the "steel seal trust system" it adopts, which is essentially a top-down pyramid scheme with a nice name.
VDS adopts the game rules of multi-layer interpersonal fission promotion. Its essence is to pull people's heads to develop offline, and then give commission rewards. This system is a vertical MLM system with up to 12 layers. Both direct and indirect head pulling can get rewards. This MLM model is the most common method used by MLM organizations for brainwashing, and the project is disguised by the blockchain to pull people's heads openly. If you want to join this "organization", you must first pay 10 Vollar (VDS token), and you can get 3.5 Vollar when you go online.
The VDS team is completely anonymous, and its avatar has only a V-shaped mask. VDS is not the main anonymous currency, so its practice of hiding the team is more suspicious. The VDS mechanism wallet implements a dual wallet design. The VDS wallet supports BTC private keys. For the VDS project, it is very risky to import the account storing BTC into VDS, because VDS is opaque.
The scariest thing about this project is not just the pyramid scheme. In VDS, the identity is represented by VID, and if you want to own a VID, you must store no less than 0.1 BTC in your wallet, so that you are eligible to pull people’s heads. Similarly, this 0.1 BTC may not belong to investors in the future up.In the so-called resonance transaction, VDS only supports the exchange of BTC for Vollar, but Vollar cannot be exchanged for BTC, which is a one-way exchange method.
We can think more deeply about whether there is a possibility for the project party to issue air coins in exchange for BTC and attract BTC.
In the white paper, there is no Token distribution ratio that we usually see. Instead, it is called "VDS Initial Ecological Construction Fund". The name is quite foreign, and the packaging is extravagant. Building protocol bonuses, listing bonuses, mining pool currency listing cooperation bonuses, building super nodes, etc. The source of this fund is the pre-mined 100 million Vollar start-up capital. In the VDS ecology, there is no lock-up mechanism for TOKEN, and the founding team has no constraints, and can be sold at any time in exchange for BTC. And in order to pay tribute to Satoshi Nakamoto, 10000 Vollar will be left to Satoshi Nakamoto.No matter how extravagant the VDS project is in publicity, how gorgeous the white paper is written, how many technical terms used to confuse investors, and the layers of peeling, its essence is still a "MLM currency".
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Sooner or later, it will all be lostLi Fei, a senior investor in the currency circle, told Odaily: "The biggest feature of this kind of currency is that its market value is small, its rise is fast, and of course it can be withdrawn quickly, so it is preferred by hot money investors, and the rules formulated by this kind of currency are to allow currency holders to obtain additional income, thus attracting more investors to enter the market and raising the currency price.
However, if there is a sharp rise, there will be a sharp fall, and risks and benefits coexist. "
"What I want to say is, don't feel bad about missing out on this kind of project. From the very beginning, it's not an opportunity for you and me. Because you and I are no longer noobs. There is a saying in the investment world that you can only earn money from you. The money within the circle of competence, as you learn more, the circle of competence has also changed, and there is no going back.” Investor Zhang Chao also told Odaily.
"Many people have made a lot of money playing VDS, but MLM is MLM, and it is a cancer in the blockchain industry. For individuals, there are countless plates every day, blindly chasing hot spots, and sooner or later they will step on thunder. Those who shout that they rely on plates A person who has made a fortune has indeed made a fortune, but look behind him, how many people are dead, and the dead can't speak. Don't be confused by the survivor's bias." Player Wang said to Odaily.
In my opinion, all model coins have a life cycle, and the speed of death is much faster than everyone imagined. Once investors are trapped, there is almost no possibility of unwinding, and they will eventually return to zero. A project that is essentially a capital market cannot last at all. The most terrifying thing about playing this kind of currency is not to lose money in it, but the speculative psychology and habits developed after making money, which leads to a lot of slow-earning projects in later life. If you are not interested and always want to continue with the next similar project, the result is that there must be a rollover, and that time is basically a time when you have a heavy position, and you will lose all the money you earned before. A coin that can make money is a good coin” is what people who play funds and model coins often say. Of course, what they don’t know is that the money they earn has already been priced by the dealer. Sooner or later, it will be Lose money.
