Topic: Pi Network is under investigation in Vietnam (Read 324 times)
I will not call Pi a scam until the investigation result comes out. This happens with many projects. It is not that a project is bad just because an investigation has started. Besides, the Pi team or app is not asking any kind of money from anyone and people are earning Pi on their mobiles, so I don’t understand what the scam is here. Even those who have mined it are easily selling it peer to peer from their transferable balance after KYC approval. Overall, many people have made money without any investment. On the other hand, many investors are buying it and hoping that Pi will change their lives. That is completely wrong and I advise such people not to buy out of greed. It is not necessary that its value will be very good when the mainnet goes live. Nothing can be said about it right now.
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.
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.
Just because something is
Yes people maybe don't get fooled with their own money, but maybe other things like time, privacy (that in the end is something you need to create money)
Also have this app on your phone can be dangerous. I have no idea.
But saying something isn't a scam just because its free its not always the case.
How is pi a scam since all that has happened was for users to mine and earn free tokens. Have they conducted any sale of sort that makes them to be a scam? Am yet to understand it.
Pi is a network with so many supporters all over the world, so many merchants already accepting pi in their smalll or big scale business. Looking forward to the outcome of the investigation.
Pi is a network with so many supporters all over the world, so many merchants already accepting pi in their smalll or big scale business. Looking forward to the outcome of the investigation.
They can give away how many tokens they want, the tokens have zero real value at least for the moment.
How is pi a scam since all that has happened was for users to mine and earn free tokens. Have they conducted any sale of sort that makes them to be a scam? Am yet to understand it.
Pi is a network with so many supporters all over the world, so many merchants already accepting pi in their smalll or big scale business. Looking forward to the outcome of the investigation.
Pi is a network with so many supporters all over the world, so many merchants already accepting pi in their smalll or big scale business. Looking forward to the outcome of the investigation.
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.
It’s lack of knowledge who guys comparing Pi Network with BTC, And i don’t know that how they believed Pi will overtake BTC what a ridiculous expectation, where they are failed to launch even their main net. I heard about this coin from a friend of mine and i minted some coins but i removed this app after few days it’s absolutely bullshit. 
News like this is unlikely to sway those who put too much faith in the Pi network. They have already entered and hoped and many followers of this project are those who are at an advanced age so they are easy to manipulate.
I'm even sick of some of my friends posting these very obscure Pi network posts. It's clearly just a speculation project and will only be an abandoned project when the developers have a lot of money from defrauding their members. There is no proper place for a project like the Pi Network, it's just a scam.
I'm even sick of some of my friends posting these very obscure Pi network posts. It's clearly just a speculation project and will only be an abandoned project when the developers have a lot of money from defrauding their members. There is no proper place for a project like the Pi Network, it's just a scam.
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. I will always reiterate, pi is scam and people should stay far away from it.
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.
You didn't know that criminals can use your KYC and you will be the ones who will get blamed for the crimes that they did. The news we have here is great. Hope they will get shutdown so that there will be no more people who will waste their time and risk their identity on this scam project.
In my country Indonesian, Pi Network growing faster because many people start mining with this project almost last three years and keep exist until right now. I don't know what happen in their mind with Pi Network have higher consensus price more than Bitcoin, its difficult how to make Pi Network member understand about how many years waste their time by clicking adds every day to earn Pi Network coins and can't expected or listed on the market right now.
But have good news for Pi Network are disappointed waiting consensus price, has some black market want to buy this coins but cheapest price under $1 and right now my friend still want to buy with this coin but sell to member in other country.
But have good news for Pi Network are disappointed waiting consensus price, has some black market want to buy this coins but cheapest price under $1 and right now my friend still want to buy with this coin but sell to member in other country.
Yes. Each country has a different point of view. it's good to be a beginner. If we look at their biggest complaint, the KYC process is difficult and long. One thing that makes it widely used is the news that always displays PI news, it won't be long now... and it will overtake BTC. It may sound funny but what can I say, those who understand crypto are dominant if i see.
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.
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.
Since the very first time I've heard this network I instantly thought it's not gonna be something that becomes bigger, they are really trying to become the next bitcoin. They created much hype around this network by hiring social media influencers to advertise their network showing "how successful" they are LOL. Everything was just hype and the reality is Pi network is nothing but just another scam.
In my country Indonesian, Pi Network growing faster because many people start mining with this project almost last three years and keep exist until right now. I don't know what happen in their mind with Pi Network have higher consensus price more than Bitcoin, its difficult how to make Pi Network member understand about how many years waste their time by clicking adds every day to earn Pi Network coins and can't expected or listed on the market right now.
But have good news for Pi Network are disappointed waiting consensus price, has some black market want to buy this coins but cheapest price under $1 and right now my friend still want to buy with this coin but sell to member in other country.
But have good news for Pi Network are disappointed waiting consensus price, has some black market want to buy this coins but cheapest price under $1 and right now my friend still want to buy with this coin but sell to member in other country.
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.
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.
People like you will never learn anything.
They have been building community, do how long?
Well, I can't argue much with you because it is obvious you are a miner and nobody can convince you otherwise and I ain't even trying to convince you not to. Just keep on mining, it's your time, your data and like you said, you have nothing to lose.
Yes. as avikz (OP) said Vietnamese authorities have launched an investigation into activities related to cryptocurrency in this case Pi, the offense I think is a concern about the complexity and lack of regulation in its operations and the potential for fraud and data theft. Nha, after Vietnam, will this also be contaminated with other countries. Yes. very interesting to follow.
Yes, many of my friends are tempted to join the Pi Network because it offers high prices and gets rich easily. This is their marketing weapon. They target people who are after instant riches and I think scams like this will continue to exist in the business world.
-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.
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.
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.
What you say is valid, I know we are both from Indonesia and Pi Network is growing very rapidly there, I have even seen in front of myself a group of old people wearing purple clothes with "Pi Network" text. Vietnam has made a move by investigating this Pi Network, I hope that the government in Indonesia will also take the same steps. Because Pi Network has entered the side of fooling people.
It's good that I didn't believe from the beginning that Pi Network could be mined via mobile, I never believed in mobile mining.
Although there is a lot of promotion for Pi but I didn't believe in it, there are big channels on Telegram promoting this nonsense.
Only people don't understand crypto fully so those who just joined the PI network are laymen, and for me there is no mining in cell phones that is profitable, so the PI network is exactly the same project as a ponzi scheme that must invite many friends.Although there is a lot of promotion for Pi but I didn't believe in it, there are big channels on Telegram promoting this nonsense.
See in some media there are many groups about the PI network in each group that has a vendor who directs them to believe in this project, for me this is an unclear project but many people believe in this, I find it strange that they want to have extra money but in the wrong way.
it's been a long time since i stopped mining on my smartphone. I even deleted the application, I have known PI for 3 years but until now there has been no clarity on the continuation, and what I really regret is that the followers are too hallucinating to become suddenly rich by just mining and some even buy this token just because of the hype
But but but PI will be worth 1BTC someday said by die hard Pi Network farmer since 2018. 
I don't wanna laugh but that's always their defense mechanism. They're always defensive and reasons out that this project will be valuable and could be worth something as that.But they need to accept the harsh reality that they're hoping for nothing and it's just thin air and fake promises that they're leaning on. That's sad to say but they need to extract that.
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.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.
I have always have concern about the project, a lot of tokens has been mined already and they seems to be promising people significant riches just by holding the tokens, with all these Stanford people that are being used to front the project if you looked deeper something seems wrong, I have said it before that Pi network is being used to mine users data, I have not seen anything that the project stands for they even add ads to the apps this is the first red flag for me, if you think you want to make people rich why turn your users to your product
It's good that I didn't believe from the beginning that Pi Network could be mined via mobile, I never believed in mobile mining.
Although there is a lot of promotion for Pi but I didn't believe in it, there are big channels on Telegram promoting this nonsense.
Although there is a lot of promotion for Pi but I didn't believe in it, there are big channels on Telegram promoting this nonsense.
Many are still believing that one day they will prosper just because of this project.
Many are still mining and using this platform, its good that the government started to investigate and save other people from being a victim of this scam scheme. Since then I’m not a believer of this project, I don’t know why many are into this but again its better to deal with the real good project than to be fool with the Pi, the hype is gone already and those who are trap into this project have no choice but to continue to promote this.
Many are still mining and using this platform, its good that the government started to investigate and save other people from being a victim of this scam scheme. Since then I’m not a believer of this project, I don’t know why many are into this but again its better to deal with the real good project than to be fool with the Pi, the hype is gone already and those who are trap into this project have no choice but to continue to promote this.
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