Coin distribution is a scam, why is no one caring about it?

Pi is created by a PhD team from Stanford University. A virtual currency that can be "mined" on your mobile phone_O喽困濒濆幇 lean on Ping Huan Huan Sigh Mu Li Xiang Sha Ye Mu Jiao Jiao Qian＜軻ィ氰杀_pp can be mined for free. But it's not legal. It's a scam. Pai Coin is essentially an MLM coin, a fake blockchain, which uses the slogans of "blockchain technology", "digital currency" and other concepts to illegally attract money and defraud investors of their money. The so-called currency is a number on someone's server that can be changed at will. If you want to ban your account, you can ban your account (for example, if you reveal a scam in their discussion group, you will be banned). You can shut down the server and run away at any time.

1. Yu Jianing, rotating chairman of the Blockchain Special Committee of the China Communications Industry Association, reminded investors that a small number of frauds disguised as blockchain will set a very low threshold for users in the early stages. , simple operation, low (free) funding threshold, and through the "head-pulling" reward model and massive publicity to increase the popularity of the project. At the beginning, the project team essentially aimed to build a multi-level distribution system. In the second stage, when the project team announces that the virtual currency can be transferred or traded, and there is a possibility of capital circulation, they are looking for opportunities to sell the virtual currency in large quantities, and the risk for investors will also greatly increase.

2. Yu Jianing summarized the four major ways for investors to "avoid lightning": First, be wary of risk-free, high-return blockchain projects. The prices of crypto assets have skyrocketed and plummeted frequently. Air coins are in extreme It may be reset to zero. The second is to avoid projects that rely on "pulling people" and multi-level rebates to realize cash. This type of pyramid scheme marketing is extremely risky. The third is to learn to read GitHub's open source programs. You can check its parameters and operation methods on the blockchain browser, as well as all accurate information about the asset's issuance, circulation, transfer records, etc. Fourth, blockchain projects that use over-the-counter transactions or specific exchange transactions need to be carefully screened. It is very likely that the price will be highly manipulated and free deposits and withdrawals will not be possible.

3. With the wealth-making myths of Bitcoin and Dogecoin, “digital currencies” of various names can be described as “the eight immortals crossing the sea, each showing his magical powers.” Pi, a currency that claims to be able to "mine coins" using mobile phones, has recently become popular in WeChat Moments. News about Pi Coin "pulling people away" can be seen everywhere on Weibo and WeChat Moments. You can "mine" with your mobile phone. Can such blockchain technology be realized? Many industry insiders said that mainstream "mining" projects require a lot of computing power and the design of complex algorithms to achieve the purpose of encryption security, which is difficult to achieve by "mining" using mobile phones. Investors should be wary of virtual currency project parties using the "Ponzi model" to promote sales, and be wary of the risks of being "smashed", "cut off", or even falling into illegal fund-raising traps or having their privacy violated.