Pi Network is under investigation in Vietnam

[avikz]

Pi Network is a huge scam beyond our imagination. It seems Vietnam has started an investigation against them,

https://technext24.com/2023/07/06/pi-network-investigated-fraud-vietnam/

If you are still mining this coin from your smartphone, probably it's the time to remove the app permanently.

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[|MINER|]

Pi Network is a huge scam beyond our imagination. It seems Vietnam has started an investigation against them,
https://technext24.com/2023/07/06/pi-network-investigated-fraud-vietnam/
If you are still mining this coin from your smartphone, probably it's the time to remove the app permanently.

Initially, when PI Network created a lot of hype, I was skeptical about it. Because where people are investing huge amount of money to build mining rig, how can it be so profitable for its miners only through mobile mining? However in the beginning I also mined with its hype but after a few days it didn't seem very safe to me and so its stay on my phone didn't last long. Anyway, I think it will eventually come out as a scam, so I will tell everyone not to invest in it, also don't let it place on your mobile.

[MiF]

Pi Network is a huge scam beyond our imagination. It seems Vietnam has started an investigation against them,

https://technext24.com/2023/07/06/pi-network-investigated-fraud-vietnam/

If you are still mining this coin from your smartphone, probably it's the time to remove the app permanently.

The news is very surprising, i have this coin on my smartphone i am still mining this today also some of my friends are still mining the pi coins,because they believe that this coin can make them rich in the future i also believe in it but because of this news maybe my friends and i will stop mining.

[Victorik]

I pity people who are still wasting their precious time and efforts mining pi coin, I wonder what they are hoping to get.
I will always reiterate, pi is scam and people should stay far away from it.

[someone703]

Although I don't understand what they are talking about but I saw a certain video on tiktok about some group of people attending certain events about Pi and everyone talking to each other that it costs about $50000, I laughed and I don't understand where they get their faith from such a big illusion. Really the way I'm looking at Pi is one of the big Ponzi projects, really the way it's spread and the people who come into contact with them are mostly people who don't have much knowledge of technology or economics, they simply have a certain amount of mined Pi on the device and are rumored to be priceless to create a hype.

[ryzaadit]

-snip-

This is just one of the (MLM-Scheme) method.

Most the time, they're gonna to do some event or gathering with a people who don't really understand about crypto. Then they're trying to sell the (Pi-Network) token peer-two-peer because they cannot withdraw it.

They try to sell personally to other people, for scam them. It's already being used multiple-time for these scheme, not only don't understand about crypto they also try to starting older people because easy to be manipulated.

[ololajulo]

Pi Network is a huge scam beyond our imagination. It seems Vietnam has started an investigation against them,

https://technext24.com/2023/07/06/pi-network-investigated-fraud-vietnam/

If you are still mining this coin from your smartphone, probably it's the time to remove the app permanently.

The news is very surprising, i have this coin on my smartphone i am still mining this today also some of my friends are still mining the pi coins,because they believe that this coin can make them rich in the future i also believe in it but because of this news maybe my friends and i will stop mining.

I'm not surprised by this revelation about the Pi network. It's been in existence for quite some time now, and I'm curious to know which top exchange it is currently trading on, considering its longevity. Additionally, I'm interested in learning about the influence or presence it has on social media. Unless we choose to deceive ourselves, it's clear that cryptocurrencies and social platforms go hand in hand.

[tengui]

what I know is that large projects require quite a lot of equipment to mine, but PI only needs simple tools like a smartphone. I think this project is just an ordinary project but some people say that PI will beat BTC. any sane person would surely not believe that and I'm thankful I never mined PI.

[noorman0]

The market has performed very poorly since Pi was first listed on the exchange (which is a sign the bubble has burst). (Random speculation) Maybe for that reason the team denied the listing was not through their approval and what they really wanted was to build a bigger community foundation in anticipation of a big price drop.

Whatever planning and development they have been doing for a long time, the actions of the Vietnamese authorities I think are beyond their expectations. And this is an early sign that Pi is likely to face more resistance in some other countries' regulations. I hope, their community is keeping an eye out for this to happen.

[hd49728]

If you are still mining this coin from your smartphone, probably it's the time to remove the app permanently.

Mining Pi Network on smartphone when you turn off your phone is still possible. I can not step in shoes of people who believe in that technology used for Pi Network. It is unrealistic if we are not greedy. Don't need to have deep knowledge too, just not being greedy.

Like you can earn money on your phone when you sleep and your phone is sleep (power is off) too. If I was those people who believed in Pi Network, when I was introduced about that coin like that, I will stop listening.

Pi Network does not have a blockchain too.

Hilarious that some exchanges tried to use the name Pi Network to scam their users by listing a scam token with a name Pi Network months ago.

[cryptoaddictchie]

Pi Network is a huge scam beyond our imagination. It seems Vietnam has started an investigation against them,

https://technext24.com/2023/07/06/pi-network-investigated-fraud-vietnam/

If you are still mining this coin from your smartphone, probably it's the time to remove the app permanently.

Im not really sure if they are doing blockchain via phone. Obviously a big scam for me since how does mining works without chain? From here, users who are knowledgeable on blockchain should stop considering or encouraging others cause they are earning thru p2p transactions cause those buyers would suffer when they pulled of a big rug.

[blockman]

Good initiative by the Vietnam government. These authorities have for sure a lead on where they'll begin the investigation and who are the people that they'll search for. This mania will be stopped and alert the other pi members in different parts of the world.
They've got a lot of people that have been fooled and even sent their verification and identities on them. That's why many are hoping that this won't turn into a scam.

[Strongkored]

Pi Network is a huge scam beyond our imagination. It seems Vietnam has started an investigation against them,
https://technext24.com/2023/07/06/pi-network-investigated-fraud-vietnam/
If you are still mining this coin from your smartphone, probably it's the time to remove the app permanently.

Initially, when PI Network created a lot of hype, I was skeptical about it. Because where people are investing huge amount of money to build mining rig, how can it be so profitable for its miners only through mobile mining? However in the beginning I also mined with its hype but after a few days it didn't seem very safe to me and so its stay on my phone didn't last long. Anyway, I think it will eventually come out as a scam, so I will tell everyone not to invest in it, also don't let it place on your mobile.

Only those who already know how difficult it is to mine coins will understand that the way to get these coins just by mining via smartphone is a lie, unfortunately despite being told many times not many will accept that this is a scam project, maybe even when trading their IOU tokens running on many exchanges and thinking the price of this token will reach that high is the truth, so many still think this is a good project. It is not strange if in the end the developer of this project is investigated because of course there are many who suffer losses, but those who experience these losses will never get their money back. However, what the authorities in Vietnam are doing is a good step in order to reduce the activities of scammers.

[kaseygriffin]

Pi Network is a huge scam beyond our imagination. It seems Vietnam has started an investigation against them,

https://technext24.com/2023/07/06/pi-network-investigated-fraud-vietnam/

If you are still mining this coin from your smartphone, probably it's the time to remove the app permanently.

Yes, it seems that the Vietnamese government sees Pi as a big threat, actually I have used their application and exploited Pi before, but I find it funny that it is just a place for people to interact Tell the story of the future will be rich. I also got somewhere around 1000Pi and also sold out to some fomo people before when it started listing on houbi for $1, although I see they have bigoted hype about multi-level forms and The target group of teams is actually they have little knowledge to be easily fooled.

[avikz]

Pi Network is a huge scam beyond our imagination. It seems Vietnam has started an investigation against them,

https://technext24.com/2023/07/06/pi-network-investigated-fraud-vietnam/

If you are still mining this coin from your smartphone, probably it's the time to remove the app permanently.

The news is very surprising, i have this coin on my smartphone i am still mining this today also some of my friends are still mining the pi coins,because they believe that this coin can make them rich in the future i also believe in it but because of this news maybe my friends and i will stop mining.

I believe you have seen how easy it is to mine Pi coin! Now ask yourself a simple question -

Why on earth someone would buy a coin which can be easily mined using smartphone and without wasting any energy or hardware computation power?

Once you get the answer, you will uninstall Pi coin from your phone.

[Rampagoe004]

A friend of mine once recommended Pi Network to me. But after seeing the business model they offered, I immediately thought that this project was a scam or a pozi scheme. You can see by how they talk about networking and recruiting people. This is exactly what Regalcoin has done in 2017.

[TastyChillySauce00]

This is what im waiting for. Seeing government is trying to investigate this shit scam coin. I hope that police gonna raided pi's office too. It will be so good to see those pi developers will be jailed.  I just wanna tell my friend about this news since he is still mining this garbage coin.

I think if his response is still gonna defend his favorite coin (pi).

There are thousands of pi supporters in FB who keep being denial with this news.

[vv181]

Hopefully, since the Vietnam government already taking scrutiny of this coin, other governments would be encouraged to take a look at the issues, especially the ones that have a big userbase.

Mining Pi Network on smartphone when you turn off your phone is still possible. I can not step in shoes of people who believe in that technology used for Pi Network. It is unrealistic if we are not greedy. Don't need to have deep knowledge too, just not being greedy.

Like you can earn money on your phone when you sleep and your phone is sleep (power is off) too. If I was those people who believed in Pi Network, when I was introduced about that coin like that, I will stop listening.

As obvious as it seems to be, their target market is surely not the educated one. You would never know how easily some digitally illiterate people get deceived by this kind of scam. They are not just greedy but simply did not comprehend the basic scam scheme, traditionally or even digitally, let alone what is cryptocurrency all about.

Surely the one who endorses and preaches this coin can just spout out some technical or financial jargon that makes the other person dazzled. Speaking from my experiences, most people who fall are the ones who mainly lack digital literacy.

[bayudndy]

One funny thing I am imagining about Pi, if this investigation is the downfall of the Pi network then what do you think about SEC investigations into all cryptocurrencies or ongoing investigations? out about tether hasn't done an audit since September 2022 and even then has very little US dollar backing? It's funny to see things like this existing and disguised as cryptocurrencies, views that are downright absurd when you consider events, blockchain technology is either future or not. I'm trying to see what's going on beyond the time it takes for the token to hit the market. Any proof other than the greed of the pioneers that someone can provide me? Real truth please. I am not a fan of any cryptocurrency. Just keep seeing the typical obnoxious stuff here. The only negative thing that can happen to Pi is that people lose faith in it, why are people holding pi this close to tear it down now?

[DBProductions]

I pity people who are still wasting their precious time and efforts mining pi coin, I wonder what they are hoping to get.
I will always reiterate, pi is scam and people should stay far away from it.

stay away from it, why? It sounds like you are disappointed that you didnt get involved.

What is there to lose? its free to mine.

It has a massive user base -- one of the largest. Chances are that some large crypto company will buy them based on this fact alone. So even if they dont get their act together and launch -- they wont need to. This is the first project available to everyone with a level playing field. They have not launched and money grabbed. They are buliding community first.

what are the drawback to users? Your statement is blank and aimless. Pi has unlimited potential for many reasons. Howwever, even if they simply close down -- ppl have lost nothing. pyramid or ponzi schemes involve transfer of money.