Chinese FUD. I thought, there was no "central" point in MMM BTC or whatever. People send btc to each other.
Nope. They invest into MMM tokens to give to the next bag holder. MMM going GOX.
MMM model is that the participants are divided into "help" and "those who seek help," the two pair with each other, investors first to "help" status, to "help those who seek" to provide funding, then get A virtual item called "Ma Fuluo"; and 15 days later, participants can "help" status, and the new "help by" pairing sell "Ma Fuluo" cash. For affiliates, MMM most attractive place to invest in its flexible, high income, short-term cash: 60 yuan throw, get one percent interest per day, 15 days can apply for cash, up to 30 days to be out to reinvest . According to 30% interest per month rolling investment calculations, the total amount of principal and interest a year later it is about 23.3 times the original principal.
MMM using Bitcoin transactions, Bitcoin account MMM only one found to be exposed in trading of nearly 2.9 million bitcoins, currency according to the current 2,500 yuan each bit rough calculation, the total value of more than 7 billion yuan. China Banking Regulatory Office issued a non-office risk prompts warning MMM, saying "such a mode of operation contrary to the law of value, capital operation is difficult to maintain long-term, once the capital strand breaks, participants will face serious losses."
http://if.pedaily.cn/news/201512/20151225161296786.shtml2.9 mil
BTCitcoin flooding Huobi and OKCoin. How long will it take for MMM to unload it's . . . load?
as long as adam doesn't show up here saying "400 should hodl" then 400 should hold.
Oh oh, I'm sure he will be bopping in here any time now lol
At what price does BTC '
deep fry??!!"
i got my gf a deep fryer for xmas, i'm like
$20.16
BTCitcoin for the new year??
Poll
