Idiot Goods

Colin Wu reminds everyone that PI (Pi Coin) has been classified as a crime in the country, and advises against reporting or participating, especially for those who still want to return to the mainland. Pi Coin, in English known as 'Pi Network', abbreviated as 'π Coin', claims to be a blockchain project launched by a team of PhDs from Stanford University, asserting that it can be mined for free via mobile phones, and may even become the next Bitcoin. However, in reality, many criminals utilize Pi Coin for scams, particularly targeting the elderly. They spread false advertisements claiming that simply downloading the app allows easy mining, and expand their victim base through lectures, recruiting downlines, and offering referral bonuses, even selling users' personal information to defraud the elderly of their pensions.

Colin Wu also mentioned that recently a friend of his was implicated because their product was exploited by a pyramid scheme gang, facing direct legal risks. Pyramid schemes and their related industries are currently under strict crackdown, and once involved, the consequences can be very serious. He reminds everyone to have legal awareness and not to harbor a sense of invincibility. Although it may seem that nothing has happened for now, once issues arise, it could lead to disastrous consequences for the entire family. Therefore, it is essential to stay away from such projects and avoid crossing legal boundaries.