PI NETWORK: IS IT A GOLDMINE OR A PYRAMID SCHEME? 🚨💥
Pi Network is transitioning to an Open Network on February 20, 2025, sparking mixed reactions. With over 19 million identity-verified users and 10 million Mainnet migrations, Pi is making major strides. However, legal concerns are rising, with experts like Colin Wu warning about its potential risks, especially in regions with strict anti-pyramid laws. The platform’s reliance on a multi-level marketing system, where users invite others to increase mining rewards, has drawn comparisons to pyramid schemes. While some see it as a breakthrough, caution is advised as legal and legitimacy concerns loom.