Quote from: GazetaBitcoin on Today at 12:40:27 PM

Quote from: asriloni on July 08, 2023, 02:07:42 AM

It's now being investigated by vietnam's regulator

This is probably best news I heard from this thread, which was full, for three years already, with naive people believing in this scam, trying to defend it, trying to promote it, trying to explain that Pi Network is actually a good cryptocurrency etc., etc., etc.

Unfortunately, that's just Vietnam. I don't want to sound disparaging of them, but they are not the players whose decision significantly resonates in the crypto world. Certainly good news when it comes to Pi trash.

Quote from: GazetaBitcoin on Today at 12:40:27 PM

Somehow, it reminds me of One Coin and BitConnect. In their cases it also took the authorities a few years but once the legal procedures started they did not end. Curiously, One Coin is still alive in some parts of the world, where their scammers still believe that they can lure someone to buy their lies. The Bulgarian woman behind One Coin is still nowhere to be found. Let's see if the ones behind Pi Network will get caught.

Because of these fraudulent schemes, in the public Bitcoin and the entire crypto are equated with pyramid schemes. Although none of them has anything to do with cryptocurrencies, except that they added "coin" to the name.