Bitcoin Forum

What happened:
Today I was just surfing the forum and I saw some people writing about something called PI network.
Recently, this project started working and asked members to install an application on their phone in order to mine some tokens known as PI.
I'm going to share some information about this project here
1. After reading this sentence from their official website you should think more about this project.
https://i.imgur.com/k7ZXpK8.png
"The First Digital Currency You Can Mine On Your Phone"
We all know they are new and it's not possible, even I remember we could mine bitcoin using phones and getting some profit out of it.

2. This currency was/is never listed, and between all the valued crypto related website(For example, bitcointalk ANN) none of them wrote anything about them. (Only some random worthless advertising websites wrote about them.) While other projects such as Electrum listed.

3. There is actually no roadmap in their website. Just an unprofessional roadmap-like without of any details, comparing to other projects It's more like nothing.

4. There is a White-Paper on their website explaining about crypto currencies. The reader would be totally confused.

5. One important thing about them is the team behind the project.
here: https://minepi.com/team
They apparently got real identify. But, but actually said nothing about this project on their social media (Instagram, Linkedin, etc...).
In the other  hand they have got very low amount of followers, maybe for other normal people having low amount of followers is not a big deal but for some people coming from Stanford University and backing a project like this... not normal.

6. And why we can't track our mining details anywhere on blockchain?

7. Even a newbie miner knows that in order to start mining any crypto currency you will stay connected to internet. But you magically you can mine PI when you are offline. They only ask you to launch the application every 24 hours.

Here you may ask when they are not asking us for money how it's scam?
Firstly, in order to mine this token you need to install an application on your smart phone and it's too dangerous if you understand that this application can collect and abuse all your data from your phone or report your personal information somewhere. (can be anywhere even the government)
Secondly, they didn't ask you for any deposit now, but they can ask it anytime "In order to unlock your token deposit $$$ to us".


WhoIs information:
https://who.is/whois/minepi.com
Expires On2020-12-03
Registered On2018-12-03
Updated On2019-12-04

Scammers Profile Link:
- Not found!

Reference Link:
https://minepi.com/ (The official website)

Amount Scammed: N/A
Payment Method: N/A
Proof of Payment: N/A

Additional Notes:
Every time you install these applications on your smart phone remember they can use your data, spy, steal, etc...

This is "referral coin" and team is basically asking people to find as much referrals as they can (they have 4 million users as far as I know) and I suspect this is some kind of attempt to collect as much private information they can.

There is some "phone-mining" going on, but tricky part is that if you want to receive Pi coins you will have to provide them your KYC otherwise your "mined" coins will be removed (note: it is not known what happens to removed coins). Nothing really explains how they can remove coins which someone mined, but if they can do that I wouldn't go near this. Imagine, you mine bitcoin and satoshi remove them because you didn't provide them your private info  ::)

---

Ask promoters "what is purpose of this coin, where will I use it?", I am pretty sure not single one of them knows the answer  :D

A baseless claim!
If you are not a member DO NOT write against it without any proof to provide.
I'm a member since July 2019 and almost every week we have updates from the Core Team, the creator of the Project.
The Core Team is composed of PHDs from Stanford University. They are not hiding from the background just like other projects around.
https://www.stanforddaily.com/2019/09/16/stanford-grads-develop-cryptocurrency-for-smartphone-users-to-increase-its-accessibility/ (https://www.stanforddaily.com/2019/09/16/stanford-grads-develop-cryptocurrency-for-smartphone-users-to-increase-its-accessibility/)

The project has a crystal clear Vision & Mission from the beginning until now.
https://minepi.com/white-paper (https://minepi.com/white-paper)

The project is 100% legit!
https://minepi.com/faq (https://minepi.com/faq)

The Pi Node is the beginning of Phase 2 and it is designed to test the Nodes of the Blockchain. The testNet involves all the members who are equipped to run the software.
https://minepi.com/node-info (https://minepi.com/node-info)

Seriously, you have no idea what's going on because you are just a spectator.
Be part, get involve and you will see and experience how deep the rabbit-hole is.

Official Social media platforms:
Website https://minepi.com (https://minepi.com)
FB Page https://facebook.com/PiCoreTeam (https://facebook.com/PiCoreTeam)
Instagram https://instagram.com/pi_network (https://instagram.com/pi_network)
Youtube https://www.youtube.com/channel/UCqAKEQFSpZEpED6DfdTBkWg (https://www.youtube.com/channel/UCqAKEQFSpZEpED6DfdTBkWg)

Other references that will open your mind a little bit!
https://finance.yahoo.com/news/pi-network-launches-mobile-cryptocurrency-100000466.html (https://finance.yahoo.com/news/pi-network-launches-mobile-cryptocurrency-100000466.html)
https://cointelegraph.com/news/stanford-grads-crypto-network-hits-half-a-million-users-in-6-months (https://cointelegraph.com/news/stanford-grads-crypto-network-hits-half-a-million-users-in-6-months)
https://www.stanforddaily.com/2019/09/16/stanford-grads-develop-cryptocurrency-for-smartphone-users-to-increase-its-accessibility/ (https://www.stanforddaily.com/2019/09/16/stanford-grads-develop-cryptocurrency-for-smartphone-users-to-increase-its-accessibility/)

This thread should be in the reputation section because you did not post any relevant information on how did they and how will they scam people all you've posted are just allegations without basis and proof, some projects do ask for KYC and it's up to users or supporters if they decide to undergo, I prefer getting the information to actual users, not from someone like you who thinks it is.

Thank you for the recommendation the thread is getting moved.
There is currently not any payment information because they did not ask for money (yet).
I gave you some reason for my allegations, you can consider them or not. Imagine there is a way in front of you and a little kid is saying there is a trap on it. What do you do now? Would you just keep running, Shouldn't you think more about it? Or start collecting some information about it?
I said nothing about the KYC and I don't know how you are talking about it.
They don't need KYC to steal your personal information out of your phone.
You may know out there you can find tons of malware and this can be one of them, even after a few months/years you can't see any abnormal action from them but they do what they want to do in the background.
This application asks you to lunch it everyday, we all know a malware usually stops monitoring because of some reason and here they ask you to re-lunch it and making sure it's monitoring/stealing.
I recommend you to at least use this application on another phone you have not any important information on it
Since I have all these information I believe you can call me "A former user".
"Someone like me" telling you warning, it's not 100% scam and we can't make sure yet. But consider this as a great warning.
You can consider my notes I wrote above or not, it's up to you.
Time will prove everything of curse.

Which project ask for KYC so you can collect coins which YOU mined? Read, read (https://minepi.com/faq)...

"Don't just spectate, become part of our great shilling program, install app and stop asking questions!"

Post count:1
Registered date: Today
That's why I didn't answer him.

A point made, but would have been a good point, if the thread's author provided more information on how this can be a scam..rather than simply stating it  as a scam.
You can read more about the factors u need to consider for Pi network Mining and if its actually worth it?
https://www.cryptotapas.com/pi-network-is-gaining-traction-is-it-worth-mining/
https://www.cryptotapas.com/should-i-mine-pi-network-coin/

https://i.imgur.com/wfe8C5l.png

Why posting cryptotapas advertisement shill articles with ref links here and all over the forum?

Archived:
http://archive.vn/StEJg

 Also I believe I'm a Representative of Pi Network because I'm a holder of Hundreds of Pi!!  The Core Team is composed of PHDs from Stanford University. They are not hiding from the background just like other projects around. CLICK ON LINK BELOW
https://www.stanforddaily.com/2019/09/16/stanford-grads-develop-cryptocurrency-for-smartphone-users-to-increase-its-accessibility/

1. After reading this sentence from their official website you should think more about this project.
"The First Digital Currency You Can Mine On Your Phone"
We all know they are new and it's not possible, even I remember we could mine bitcoin using phones and getting some profit out of it.

First off it is *NOT*  Bitcoin and you could **NEVER** possibly mine an entire whole 1.0 Bitcoin from a cellphone!
Your taking about is 0.00000000007 Bitcoin mining app!!! 1.0 Bitcoin mining would heat it up to a point of melting!! Bitcoin uses your CPU & GPU, With Pi Network I'm earning between 20.0 to 30.0 Pi a day!  So yeah first Mining app that's able to mine a whole 1.0 Coin,
Second it doesn't work like bitcoin --- *different algorithm*
3rd it's based in the cloud!  Cellphone is just the controller "like your garage door opener", you just press a button on your phone to turn it on every 24 hours

2. This currency was/is never listed, and between all the valued crypto related website(For example, bitcointalk ANN) none of them wrote anything about them. (Only some random worthless advertising websites wrote about them.) While other projects such as Electrum listed.

Pi isn't listed yet! same as Bitcoin in early stages in 2008! it also was created by *FREE* mined coins


3. There is actually no roadmap in their website. Just an unprofessional roadmap-like without of any details, comparing to other projects It's more like nothing.

It is all explained in the FAQ(basic answers) and the White Paper(more depth) plus Core Team gives updates in the App all the time and there is chat rooms built in for questions.  Just recently the Pi Node beta software for computers is starting in May which is going to be testing/calibrating the consensus algorithm.   Pi Network is based on trust circle for Network, not like Bitcoin that 1% of the network owns 87% of all bitcoins!  Who wants that scam, plus Big corporation farming companies hogging all coins that a normal average person cant even try to mine for profit!!

4. There is a White-Paper on their website explaining about crypto currencies. The reader would be totally confused.

For answers to your questions to be less confused there is the FAQ to read inside App! or click here
 https://minepi.com/faq  Also a White Paper on website and inside App for people like me that understand it!
  
5. One important thing about them is the team behind the project.
here: https://minepi.com/team
They apparently got real identify. But, but actually said nothing about this project on their social media (Instagram, Linkedin, etc...).
In the other  hand they have got very low amount of followers, maybe for other normal people having low amount of followers is not a big deal but for some people coming from Stanford University and backing a project like this... not normal.

  ??? They have 4+ Million followers inside the app and growing at a blazing fast pace! App is also a social Network!  In the app is where their trusted social network is anyways!  All outsiders will be left outside then when free coins stop that's when someone like you will pay  8)!!  

6. And why we can't track our mining details anywhere on blockchain?

This is brand NEW first created mining app for cellphone, it takes time, only 1 year old, even the app is in Beta version, but not long.  They explain it all in White Paper and the FAQ!  Pi Network is in Phase 2 since March.  There are 3 phases(which is when Pi will go to marketplace) I'm stacking Pi coins for free NOW!

Here you may ask when they are not asking us for money how it's scam?
Firstly, in order to mine this token you need to install an application on your smart phone and it's too dangerous if you understand that this application can collect and abuse all your data from your phone or report your personal information somewhere. (can be anywhere even the government)
Secondly, they didn't ask you for any deposit now, but they can ask it anytime "In order to unlock your token deposit $$$ to us".

Your cellphone contacts is optional for Pi Network to get access to, its your choice!!  Facebook abuses your data! Anything can, even bitcoin, even me talking to you now on the internet can, what is your point.  And Bitcoin back in 2008 didn't ask for money nor did they ask to unlock your coins for $$!   Pi I think will be more towards $10 - $15 which the average person on earth can afford price and use! Whats the point of a digital coin if no one can afford to use it and exchange it?  Which why Pi Network is creating a marketplace for everyone in the world to use it.  Mostly everyone in the world has a cellphone and that speaks numbers ### like Billions!!!!!

Hopefully I answered all your questions, if not feel free to ask, or join I provided all info..  Hopefully, you will join the Network and be a fellow Pi miner before limited free coins ends my friends.

Click below to join the revolution
JUST ASK ME FOR THE LINK
(you will see its checked by App Store and Play store)

and use my invitation code JUST ASK ME FOR CODE By using my invitation code you will be able to open your account and be a member of my team chat where I can answer all your questions regarding the project and guide through the process

It's to early to create a thread like this, all of this are just allegations time and how the project evolve if all what's been posted here are all true, but so far they are doing great, they are transparent in fact they are doing video conferences and they have done a lot of updates, members have seen and met the team on videos talking about the project, they are not asking anything but to be part of the network, you mean data? you have to give us more proof on that.

- The post updated with adding new question on the thread (7th)
Hello Saisher,
Everything explained above. Unfortunately, I didn't touch low-level programming and analyzing for years. So, I can't provide the possible encrypted malware codes here
I believe it's not early because the application is already installed on many devises. In the other hand, you are right and time will tell us the truth about the project.
Once again I would like to repeat, they didn't ask for KYC/deposit yet. So, please consider this as a big red warning and don't install this application on the phone you are already using and having important information on it.
Talking of transparency, they should provide mining details on blockchain to make it clear how can we keep mining even if we are not connected to internet or any mining pool.

yet you compare a lot pi to bitcoin .. surely for marketing 😂😂

you are told that the readers and confused with this white paper, and you give back the link of the white paper .. you know what means confused ????

good to finish, despite my insistence for several months, where does the damn pi that we mine, or follow the mining ?? can you explain to us .. (even if for me when I read that the coins will be credited manually, that already answers my questions ..)

Thanks

How am I comparing it to Bitcoin? ???  I put in RED that its NOT Bitcoin!  I think your are confused in how to properly READ! :o  Its like me selling you a RV and telling you its not a house but it is similar to a house.  It does the same thing like a house but the RV is Different but Better than a house you can take it anywhere.  I'm not comparing Pi Network to Bitcoin But using Bitcoin as a reference because Pi is similar but *Not* the same.. And people understand what a (Bitcoin)House is.


No! I actually said also *Read the FAQ!* for most simple easy answers to your questions.  You took it out of context  

https://minepi.com/faq

also your Good to Finish Question makes no sense on WHAT your asking can you rephrase please

Thanks for being interested in commenting back!
I have only been NEW to Pi Network Past 2 weeks.  I have 360Pi  It just makes sense to me as an investor especially when I have everything to gain and zer0.0 to lose! Gaining momentum in getting on peoples cellphones at a BLAZING fast pace with just a year old!!
But I have Been around cryptocurrency back when Bitcoin first Came Out in 2008!

If they are caught using or hacking a data on the phone where it installed this is going to be a record biggest scam recorded, they have millions of members they just reached a one million member milestone, and they are on a huge legal battle, so let's wait for any of that over one million members complaining about their data being hacked, right now it's just an assumption let's hear it for a coder to answer if they are really messing with our phone data.

we repeat to you that the white paper, nobody understands it, but you persist in giving us the link instead of explaining it to us .. it proves that you seem to know what you are doing ..

free mining coins 😂😂 (you admit that these free ones, then why install an application, why it does not distribute them to us for free it would go faster .. (yes it's true, gullible people must participate in the project, 😂😂) )

in short, I believe that, you understand, oe, a yes, er no ..  understood ??. well me the same with pi !! what you say has no meaning !!

then I ask again because you have avoided the question !! the pi currently created, where does it come from? explain us ??

apart from the pre-written sentences, can you develop the project yourself, what did you understand?

https://minepi.com/faq the link explains it Duh!  and the Link I am providing is not the WHITE PAPER  it is the*FAQ*(frequently asked questions) here it is since your index finger can't click on the link! I will just copy everything from the web site url below.  If you want to read more....!!!    Click on the freakn link I provided!  

But thanks for saying my sentences were pre-written(its called editing, I'm a programmer Gansta)


Welcome to Pi's official FAQ!


Disclaimer: Pi is NOT free money.
Pi is NOT free money. It is a long-term project whose success depends on the collective contributions of its members. Read more ...

What is Pi?
Pi is a new cryptocurrency for and by everyday people that you can “mine” (or earn) from your phone. Read more ...

Is this real? Is Pi a scam?
Pi is not a scam. It is a genuine effort by a team of Stanford graduates to give everyday people greater access to cryptocurrency. Read more ...

How does this app work? How do I earn more Pi?
This app allows you to earn Pi by making simple contributions to Pi’s community. The more you contribute, the more Pi you earn. Read more ...

Do I need to leave the app open to mine? Does the app drain my battery or data?
You do not need to leave the app open to mine. Pi does not affect your phone’s performance, drain your battery, or use your network data . Once you hit the lightning button, you can even close the app and you will continue to mine Pi. Read more ...

Why do earlier members mine at a higher rate?
Earlier members mine at a higher rate to reward contributions to the network when they are most needed. Read more ...

What is the Ambassador role? How does the earning team work?
As an Ambassador, you earn up to a 25% bonus on your base mining rate for each person you invite to the network. Read more ...

What is the Contributor role? How do I become a contributor?
Becoming a Contributor allows you to earn more Pi by building a security circle of 3-5 trusted members. Read more ...

What are security circles?
Security circles are groups of 3-5 trusted people built by each of Pi’s members. Security circles secure the currency by building a global trust graph that prevents bad actors from executing fraudulent transactions. Read more ...

What is the value of Pi?
Today Pi is worth approximately 0 dollars / euro etc. similar to Bitcoin in 2008. Pi’s value will be backed by the time, attention, goods, and services offered by other members of the network. Read more ...

Can I withdraw my Pi? What is the timeline for withdrawals?
No, you cannot withdraw Pi yet. You will be able to withdraw Pi or exchange Pi for other currencies in Phase 3 of the project when Pi transitions to a fully decentralized blockchain. Read more ...

When will Pi be worth something? When can I turn Pi into “real” money?
Pi’s holders will be able to turn Pi into “real” money when they either purchase goods and services on Pi’s marketplace or exchange Pi for fiat currency. Read more ...

Can I mine from more than one device? How does the network prevent fake accounts, bots, etc. from earning Pi?
No, you cannot mine from more than one device. The network has a strict rule of one account per person. Pi uses a multi-pronged strategy to ensure Pi is not mined by fake accounts. Read more ...

Is this app a wallet? Will we hold our own private / public keys? And can we use an external wallet to hold our Pi in the future?
Yes, your phones will serve as a cryptocurrency wallet that will be linked to your current accounts (number / Facebook). Read more ...

OK, PI shill, when YOU mine coins for yourself it means you own them (at least that's what I've heard). Simple question:

What will exactly happen to your "mined" PI coins if you don't provide KYC?

Please explain using your own words.

*Awesome Question*  If you can't pass the KYC  then your FREE coins don't go to the Next Phase which is Phase 3.  Where Pi enters the market Place and becomes value/price  so pretty much your coins are stuck in phase 2 and become nothing or vanish... any other words should I use?

YOU DON'T OWN THE COINS UNTIL PHASE 3

So phase 3 is some other coin then, or?
What does it mean "they become nothing" and "they vanish"? How they vanish?

Phase 1 is when this Pi Network was introduced to the WORLD!

First OFF!  The Project isn't in full Motion until Phase 3(that is lift off Date or so the realization to the world)!  
So yeah Pi coins can get stuck in Phase 2(current Phase now)!
But AFTER Phase 3 hits your Pi coins wont vanish(because you already passed KYC  you proved not a robot)  

Phase 3 is when everything already been tested/calibrated(during Phase 2) and up and running and introduced to Marketplace!  

It is all the same Pi Coin....  Just think of it as the process it goes through for the US MINT to mint a real Metal coin!

1st it's the metal content check to pass!
2nd it's the Stamp imprint (like how your Quarters look)
3rd last its the inspector that inspects metal coins to see if they look right and pass checks before they go to public hands to exchange for goods

Phase 3 must be where the exchange listing because how is this coin going to be spent on something in exchange if there is nothing we can do with the coin?  But why asking for KYC. Is this for extorting the miners?  ;D

This PI coin doesn't exist on any market, you can't buy it for BTC nor a product of someone. Those who mine the coins are just mining it for nothing.

Yes Correct!  Getting rid of all the BAD actors,  something Bitcoin has a BIG issue with (Big Corporation Mining fields)

Duh!!!! ::) you cant buy it or sell it cause its not on the Market Yet until Phase 3...... DUH ::)   its like my car in my driveway i am not selling it so its worth nothing until i one day get up in the morning and say you know WHAT I want to sell this car and LIST it on Craigslist!!!!!

That's why I LOVE Pi Network it is for US, WE the people of the whole world!  

Is there bad and good PI? It's not really good analogy.

FFS, how coin vanish? I want to know how it disappear.

LOL You proved them scam.

Your team should be grateful that someone mines your scam coin. Miners are chained by their necks.  If you consider the miners as investors who tirelessly mine your scam coin, allow them to profit because it's called mutual relationship.  

Seriously Dude I'm just giving you a example of like a 1,2,3 Phase what shit goes through in the world we know.. not to say anything else or compare it to just and example I could say 1,2,3, phase on how a house gets built but its the last Phase 3 is when a Person moves into the House.  That's when it's on the **Market** for people to buy and sell!   me giving you the blueprints is what phase 1 of Pi Network was in a year ago...  do you know anything about how the real world works???

They just get stuck in Phase 2.  Pi isn't on the exchanges till Phase 3...
Its all explained in the WHITE PAPER and the FAQ  
All you do is simple--download app on 1 cellular device & mine you'll keep Pi! plain and simple Just follow the simple rule


AFTER PHASE 3 COINS WILL NEVER VANISH!  BUT PROBABLY JUST LIKE BITCOIN YOU COULD LOSE YOUR PASSWORD TO ACCOUNT OR LOSE THE WALLET ON DEVICE
But that is so more far out and it is a problem with most crypto now that's something I want to find out with Pi Network if they have a solution to that problem just like other digital currencies,,,  but that whats cool about this Pi Network is they have a built in social media platform that we can ask each other things about like this and help the network out

I didn't Prove Pi Network is a Scam!
We already know Bitcoin is a scam!  People posting on internet of their humongous mining fields in warehouses.
I'm proving that it will not be any bad actors in Pi Network (network is against it) !!!!!
Pi is for every one not just a few corporate Mining fields
There may be no bad actors in Pi Network But at least I know there will not be any!! (it is called a check and balance system)

Also we have a security circle in Pi Network!  I will not let anyone in it if i know they are bad actors....!  
My team is separate from my security circle(that i trust)!  
Pi network has an algorithm to find bad actors...
You can be on my team(anyone can)!  But I don't have to let you in my security circle.  Circle can be like people you trust like a close friend or a relative someone you know!

ALSO MY MEMBERS ON MY TEAM **DO NOT BENEFIT FROM MY own MINING TEAM** ONLY I DO!!!!  THEY HAVE TO CREATE THERE OWN TEAM AND ALSO **I DO NOT BENEFIT FROM PEOPLE ON THERE TEAM**................  I love saying PERIOD!!!!

I GUARANTEE YOU THAT IF BITCOIN HAD EVERY OWNER TO PASS THEIR OWN BITCOIN KYC!!! A TON OF BITCOINS WOULD JUST VANISH! BECAUSE 87% ARE BAD ACTORS IN THAT NETWORK AND OWNED BY 1% OF THAT CON-COIN(BITCOIN)
LOL THERE TRULY WOULD JUST BE BITS OF COINS  LEFT LOL!!!!

You said "coins become nothing or vanish", look:
Now you don't think coins "become nothing or vanish". Ok, what does it mean "they get stuck", what happens to PI then? "Stuck" how?
They ask "miners" to provide them private information to get coins and you call bitcoin a scam, lol. Who is "we", btw?

Yeah hurrah! FALSE NEWS out of Context !!

WHO CARES IF I CALL IT STUCK, VANISH, DISAPPEAR, GONE,  OR WHERE MY PRECIOUS
                                                  THEY ARE NOTHING UNTIL PHASE 3!!! PERIOD......

How many time do I have to explain it and also give you the Links to THE WHITE PAPER AND FAQ!!!  ask for links again and i will provide!!  
Please read THE WHITE PAPER AND FAQ!!! and post a sentence from it that you do not understand!!!!  not post a word from my post that i am trying to explain in my own FAT FINGER TYPING  

Yes! read my other post and you know do 1 + 1 = your official result!!  I am trying to spell it out for you guy in my own words since you cant click on a link and read it yourself!   THE WHITE PAPER AND FAQ!!!   Bitcoin is a scam do your own homework! It fluctuates more than a penny stock LOL!!!   Pi Network wants stable and affordable for the average JOE and for everyone to be apart of!!

I give up with the members of pi, they are brainwashing 😂😂🤷 ​​he understands nothing about crypto ..

I doubt that you where around when i knew about Bitcoin back in 2008-2009!!  People acted the same way,.. thought that it was nothing and I don't understand anything...    I under stand a lot about Crypto....  Why do you think the FED Reserve want to create a FED COIN.....  the Fed coin WILL TRUMP your Bitcoin!!!  
Seriously the only REAL coins You should STACK ARE GOLD, SILVER, AND PLATINUM...!! WHICH SCARES THE FED CAUSE THAT WILL TRULY END THE FED!!
  So you are brainwashed thinking Bitcoin is something...It is just a piece of nothing in thin air!!    I am just following the rapid GROWTH of 4+ Millions people world wide joining in Pi Network and it is awesome that's getting in hands of majority average people phones!!  Which bitcoin is just mostly people trading it on a stock exchange(ETF or FUND) and they don't own the coin itself outright nor using it buying and selling things with it.  Pi Network Plan is to get it in majority of peoples hands and create a market place for you to buy and sell things not just trade it on a stock market scheme. actually create something useful to get away from governments crazy money printing!!!
I am just getting in NOW cause you know how a true investor buys LOW(FREE) and sells HIGH(A PRICE)!!!  Duh I am not losing anything if it goes to shit but I am not saying it is!!Pi Network makes sense to me I am able to understand the WHITE PAPER...!!  Unlike you guys that cant read!!

where does the pi we mining , come from, how are they made ,you don't even know ...

what I believe is that pi and an exploitation already preminer, the pi that we exploit will be used to test their sales platform, some will take advantage of this platform to value the pi (100 ft, 1 pair of airmax), Others will be scammed, eb believing that it works like that. In short, the creators will feed for a moment thanks to gullibility, then the project will go into oblivion.

What is Pi?
Pi is a new cryptocurrency for and by everyday people that you can “mine” (or earn) from your phone. Read less ...

Cryptocurrencies are new form of digital money that are maintained and secured by a community, instead of by governments or banks. Today, you can mine (or earn) Pi by helping to secure the currency and by growing Pi’s trusted network. While most cryptocurrencies (like Bitcoin) have been very hard for everyday people to use and access, Pi puts the power of cryptocurrency into the palm of your hand.

How does this app work? How do I earn more Pi?

This app allows you to earn Pi by making simple contributions to Pi’s community. The more you contribute, the more Pi you earn. Read less ...

To start earning Pi, check in every 24 hours and hit the lightning button to start mining. Once you are mining, you can boost your hourly rate by inviting trusted friends and family to join the community. After 3 days of mining, you can boost your earnings more by building your security circle, which contributes to the overall security of the network. Keep in mind, earlier members of the network mine at a higher rate than those that come after them.

https://i.imgur.com/DB8r6iG.jpg

What has this thread turned into, a rainbow color ref link sharing place for wannabe gangsta?
Fake cryptos for fake gangstas.

archived and reported: http://archive.vn/aV9Pw

This so called "Phase 2" means testnet!


Unfortunately I also have a brainwashed crypto-noob of an acquaintance that told me about this. Was pretty happy that I could change his mind in under 30 min :))
So this is just play money testing phase. A bunch of play-cryptomoney hodlers. And after "Phase 2" devs will delete the testnet coins and swith to mainnet


So yes, you are right here. After they hodl the playmoney devs will say "hand over id to receive real coins on the real chain" (not that sure it is a blochchain but did not feel the need to investigate further after reading those 2 paragraphs.

The "geniuses from Stanford" will launch a marketplace (from what I understood) where people can use this to trade but most likely not list it anywhere so imo would not have any value outside their website.
Let's just say it's a Cambridge Analitica on a blockchain  ;)

---

P.S.

Please remove the ref link or the post will be removed :)

You don't understand you have to have a referral code to even open the app!  Try to download it and get into the app by leaving the code space BLANK with no code.  I dare you to try!!!

You need to follow the rules here also... Not negotiable I'm affraid


That username fits you like a glove ! I am amazed.

Look be sensible !
You are on a forum called bitcointalk -Notice the bitcoin part !
Pi maybe the next biggest thing, but the way you are coming across is not helping your cause.
My advice for what it’s worth is to keep earning Pi , as much as you can , and when it’s worth a small fortune come back to this thread and gloat !!
There’s not much point in promoting Pi here and it’s obviously causing your some anxiety .
Good luck with Pi and I hope it does become a currency. :)

SORRY :'( :'( I am new here i took the code out and put JUST ASK ME FOR THE CODE  thanks for letting me know

3 more posts to go ! You apparently left it everywhere.


Would actually like to believe that ! Who knows ?  ;D

CAN SOMEONE PROVIDE ME A LINK TO THESE RULES BECAUSE I CANT FIND ANY RULES ON THIS WEBSITE

https://bitcointalk.org/index.php?topic=703657.860
Rule no. 4 - no ref link

I CHANGED IT TO THIS IS THIS FINE ALSO I WILL STOP POSTING THIS BELOW FROM NOW ON!

Click below to join the revolution
JUST ASK ME FOR THE LINK
(you will see its checked by App Store and Play store)

and use my invitation code JUST ASK ME FOR CODE By using my invitation code you will be able to open your account and be a member of my team chat where I can answer all your questions regarding the project and guide through the process

I heard on a video that they wanted to put ads in the application? and he is thinking of making an ico ?? ...
it's starting to be more and more bizarre this project ..

I seldom run my PI network I let my son do it because he always play mobile legend on my phone, yes I read that they want to post ads on the network,that's going to be a huge profit with over millions of members in their network, but holding an ICO I don't think they have too, they have a very huge premine they can just sell it to private investors and they will have a timeto list it on exchange and sell their very huge premine.

Show Me a link to this ICO because I have been with Pi Network for 2 weeks and didn't her anything about that In the APP Chat.  We all took a vote on how we think the Pi Core team should raise cash and ICO was not one of them.  We majority voted for advertising just last week.  I voted YES

yeah there are videos and banners but i only saw it once and that was a banner couple days ago,  most all free apps have advertising though
it is because it cost $30,000 to run and maintain the Network


sorry if i offended anyone but i am bored out of my mind not working because of this corny VIRUS and just Pi MINING  8) LOL.   but i normally do NOT HARDLY EVER use social media sites but Pi Network got me to use APP and in their chat room and then i was on facebook(which log into few times a year) telling everyone there and now finding other social media sites to talk about Pi .  i have nothing else better to do I RATHER BE WORKING!

I have all my nieces and nephews mining on my team on their own phones.  I be like texting them like get to work make me more Pi.  but two of my nephews are around that age to be start driving and i told them this will turn into money in 2021 at the rate of people hopping on board.  that in a year if you mine every day THIS APP WILL pay for your first car.  :o

They claim it will be decentralized:

https://i.imgur.com/rUCwtaX.png

The whole thing looks like some kind of Stanford University social experiment, give people something for free and tell them it will make them money, let them invite more people into network (the only way to get some PI is by joining trough someone's referral link, so it is in their interest to invite as much people they can) and collect private information from everyone.
PI should send their representatives here, these bitcointalk shills are making them look really really bad.

so for the video it’s in French, it’s 0.30 sec which makes a little parenthesis on their possibilities of a future ico to finance the project.

https://m.youtube.com/watch?v=cuS1cRwmn8s

it is the administrator of the French forum, who really does not understand cryptomony, who prohibits the forum as soon as someone begins to ask questions about possible problems that the project might encounter.
go see his videos, they are incomprehensible ..

In short, I feel that they will make their ico .. we must start selling imaginary pi to support the project 😁 ps / you still haven't answered the question "how are extraction the pi,  that we are currently mining? ?? "

"Will". This means the project is not on blockchain right now. and we have not info about the mining details.
FYI, it's not how a blockchain based project suppose to work.


You are just linking white papers while as I said what white paper is complete confusing and they just wrote about other crypto stuff.
If you read another white paper and compare it to this project you will understand what I mean.

Hey marlboroza,
Thank you for the contributing. I'm very motivated to see you here.

see tons of these project with false information about alot of things:
team information
whitepaper > witch in this project is a joke!!
every one can make a panzi program with a fake team.

What the hell are you talking about Bitcoin did the same think in 2008 all first coins where free from mining.....duh
Bitcoin had FREE coins and guess what it made them money....  you have no argument....  You SOUND LIKE FAKE CNN!!

And duh i already said the Pi Network is in Beta stage....It is not fully up and running till PHASE 3...  I will not loose my Pi coins because I am not a ROBOT I can prove I am a HUMAN...

Only private information they can collect is your phone contacts BUT that is your choice to decide to give APP permission.

Please come up with a real Argument!

1. After reading this sentence from their official website you should think more about this project.
"The First Digital Currency You Can Mine On Your Phone"
We all know they are new and it's not possible, even I remember we could mine bitcoin using phones and getting some profit out of it.

First off it is *NOT*  Bitcoin and you could **NEVER** possibly mine an entire whole 1.0 Bitcoin from a cellphone!
Your taking about is 0.00000000007 Bitcoin mining app!!! 1.0 Bitcoin mining would heat it up to a point of melting!! Bitcoin uses your CPU & GPU, With Pi Network I'm earning between 20.0 to 30.0 Pi a day!  So yeah first Mining app that's able to mine a whole 1.0 Coin,
Second it doesn't work like bitcoin --- *different algorithm*
3rd it's based in the cloud!  Cellphone is just the controller "like your garage door opener", you just press a button on your phone to turn it on every 24 hours

2. This currency was/is never listed, and between all the valued crypto related website(For example, bitcointalk ANN) none of them wrote anything about them. (Only some random worthless advertising websites wrote about them.) While other projects such as Electrum listed.

Pi isn't listed yet! same as Bitcoin in early stages in 2008! it also was created by *FREE* mined coins


3. There is actually no roadmap in their website. Just an unprofessional roadmap-like without of any details, comparing to other projects It's more like nothing.

It is all explained in the FAQ(basic answers) and the White Paper(more depth) plus Core Team gives updates in the App all the time and there is chat rooms built in for questions.  Just recently the Pi Node beta software for computers is starting in May which is going to be testing/calibrating the consensus algorithm.   Pi Network is based on trust circle for Network, not like Bitcoin that 1% of the network owns 87% of all bitcoins!  Who wants that scam, plus Big corporation farming companies hogging all coins that a normal average person cant even try to mine for profit!!

4. There is a White-Paper on their website explaining about crypto currencies. The reader would be totally confused.

For answers to your questions to be less confused there is the FAQ to read inside App! or click here
 https://minepi.com/faq  Also a White Paper on website and inside App for people like me that understand it!
  
5. One important thing about them is the team behind the project.
here: https://minepi.com/team
They apparently got real identify. But, but actually said nothing about this project on their social media (Instagram, Linkedin, etc...).
In the other  hand they have got very low amount of followers, maybe for other normal people having low amount of followers is not a big deal but for some people coming from Stanford University and backing a project like this... not normal.

  ??? They have 4+ Million followers inside the app and growing at a blazing fast pace! App is also a social Network!  In the app is where their trusted social network is anyways!  All outsiders will be left outside then when free coins stop that's when someone like you will pay  8)!!  

6. And why we can't track our mining details anywhere on blockchain?

This is brand NEW first created mining app for cellphone, it takes time, only 1 year old, even the app is in Beta version, but not long.  They explain it all in White Paper and the FAQ!  Pi Network is in Phase 2 since March.  There are 3 phases(which is when Pi will go to marketplace) I'm stacking Pi coins for free NOW!

7. Even a newbie miner knows that in order to start mining any crypto currency you will stay connected to internet. But you magically you can mine PI when you are offline. They only ask you to launch the application every 24 hours.

Your not mining from your Phone but from the cloud. Your phone is just the controller to start the miner in the cloud after that app doesnt need internet connection because you already started the mining process and you wont lose any coins from loosing internet.  It is created like that to get the average Joe in to crypto and not like PRICE it high like Bitcoin where the average Joe cant even afford it,  which is the whole point of cryptocurrency is to have the whole world using it!!!   After phase 3 Pi will have a price but will be cheap.


Here you may ask when they are not asking us for money how it's scam?
Firstly, in order to mine this token you need to install an application on your smart phone and it's too dangerous if you understand that this application can collect and abuse all your data from your phone or report your personal information somewhere. (can be anywhere even the government)
Secondly, they didn't ask you for any deposit now, but they can ask it anytime "In order to unlock your token deposit $$$ to us".

Your cellphone contacts is optional for Pi Network to get access to, its your choice!!  Facebook abuses your data! Anything can, even me talking to you now on the internet can, what is your point.  And Bitcoin back in 2008 didn't ask for money nor did they ask to unlock your coins for $$!   Pi I think will be more towards $10 - $15 which the average person on earth can afford price and use! Whats the point of a digital coin if no one can afford to use it and exchange it?  Which why Pi Network is creating a marketplace for everyone in the world to use it.  Mostly everyone in the world has a cellphone and that speaks numbers ### like Billions!!!!!

Hopefully I answered all your questions, if not feel free to ask, or join I provided all info..  Hopefully, you will join the Network and be a fellow Pi miner before limited free coins ends my friends.

You all will be glad I am going back to work this week to start my summer job( I work hard and install security devices in 200 homes in a season i will meet a lot of people throughout USA and PI Network is a APP they will learn how easy it is to Mine a Free Coin 8)) since you obviously most dont agree but there are a few i talk to on here that do have the app and that's good to hear..  I mostly just wanted to see how the Bitcoin community thought.. I only work 6 months out of the year and have off 6 months usually stay in Hawaii or Florida Keys on my months OFF.  But I been waiting to go back to work because of this CORNY VIRUS.

But I just wanted you all to have a chance to get into Pi Network and Thank me later.  I am a investor and I always buy Low (in this case FREE) and sell High

According to what you say every single new project can be "The First Digital Currency You Can Mine On Your Phone".
For example I create a new currency called X and you can mine whole 100 X with your phone then I'll call it "The First Digital Currency You Can Mine On Your Phone".

We can see the useless whitepaper where they wrote about other crypto. But, as I said it's confusing.

You can never ever, compare this sneaky project to a solid and pure project like bitcoin.
Your posts seems like advertising this project and with all respect I'll ignore them all.

lol, even you don't know exactly what you are venturing into 😂😂

we ask you where the extracted pi comes from, you are unable to explain to us .. it proves how interested you are in the project more than in the profit which can bring you ..

In short, for the moment your explanations are only writings that can be found on the pinetwork site .. like a good doggie you do what you are asked but nothing more ..

and I will add that pi is not the 1st cryptomonaie to be mined on telephone, there is trx which once freeze needs nothing to function therefore more interesting still than pi ..bref, # pi_fuck😂😂 ( hum , ironique , 🙄 )

In short, when you know more, come back, we are intrigued.

Venturing into....   I have noting to loose but everything to gain...  its not like i am putting money into it..  All it takes is majority people in the world to use it and then it is something  Just past 12 months it gaining over 4 million people i just look at graphs and numbers Its not like it has been out for a Decade and just Now getting attention.  
Its already been a decade and can you tell me the % of people in the world that have downloaded Bitcoin Wallet on their Cellphone and are holding Bitcoins in their wallet.  Its is starting a social Network around a Pi currency on a App that will turn into wallet on phase 3 not hard to understand.  
The extracted Pi comes from people NOW just being involved(mine or EARN) in the App Pi Network then When Phase 3 starts Free Coins stop on the Pi Network Phone App.  Then to continue to get Free Coins you have to Download Pi Node software on your Computer which I am in the process with the Beta Version Now.  That's where you will get a 2nd chance to continue to get More Free Pi Coins for help running the Network Confirming the Transactions  etc....  i have already said this BUT YOU DON'T SEEM TO READ what i wrote and it says it all in the FAQ and the WHITE PAPER but yo refuse to COMPREHEND....   You make me look smart...

so when i read it to you, i'm right, there is no pemine and app and just big, hidden marketing for a massive airdrop, since in the end you say it yourself, " computers will create the rest "and not the phone ....

you are not really looking to know about the project itself, but about the profit that can bring you (tell you something, nothing is free in this world ..)

when you have the answer from where the pi comes that we are supposed to be mined, why a fake application for mining instead of a real testnet to prove the origin of the pi, you will come back to make your speech as a guru for the moment , I invite you to go ask the team questions and then come and share them with us.

in short, just your comparison with bitcoin, proves how smart you are ..

Well, thanks for the warning. I can't tell if PI Network is just really stealing private information right now but I really dont care about that. I am a nobody so my identity has no value.  ;D

And I actually saw at Coingecko where PI Network is traded. However deposits and withdrawals are not possible at this time on the exchange because there is no official coins given to its supporters yet.

You can check more info here regarding where you can see it listed: https://www.coingecko.com/en/coins/pi-network-iou

I am actually one of the pioneers to claim free PI coins and have not completed KYC yet since I was not interested on that offer.

Currently have 10,000+ PI on my app.

https://i.imgur.com/tI4QZhy.jpg

Any many people understand nothing about pi, despite their research.

you come to promote a project, but when you are asked for more information, suddenly it becomes more complicated for you to answer.

in short, you know so much about the project, that you don't even know how the pi is actually extracted.

go little sheep, follow the herd .. pi said "you will be rich", believe in them, you will be a millionaire thanks to them ... everyone knows that pi will cost between 1 and 5 $ 😂😂 ...
good nothing concrete, no progress in the discourse since the start of the debate, in short a subject that will go to oblivion.

HI  8) Your the first person I chated with online other than on APP.  Cool to see fellow Miner.  Damn looks like you got in early I will have 500Pi soon in a week ;D only been member for 2weeks

stop telling bullshit !! pi has no value !! in short, as I see you also know a lot about the project ..

We are smart enough to hop on the project and collect coins while we learn about the project.....
Why would you wait to learn about the project THEN MISS POTENTIAL FREE COINS BECAUSE YOU DIDN'T JUST DOWNLOAD A FREE APP..   LOL sheep follow the herd? there is no herd Yet? this just came out! only over 4 million But growing I am following the growth rates!!

You are half CORRECT!!         Pi has VALUE!              Pi just doesn't have a PRICE YET!                  basic investing 101

I have 1400 pi, no safety circle, no member that I got on a forum, no member of my family ect, in short I do not speak for free !! I have been following this project for 9 months, and the questions are still the same, and the answers are looping without any real information.
the day we know how we make the pi we earn, we will already be evolving in this discussion.

Ps/ if you want, pi has 1 imaginary value !! because 150 pi, 1 pair of airmax collection (he has good medicines, the one who sold them, I'm sure !!) honey? the pies? the camera ? in short

because i mine pi, i don't have to inform myself 😂😂 i don't like the way they work, he handles very badly .. pi network I abandoned their forums because precisely on bitcointalk we can afford to press on the critical point of the project until we get an answer, nobody to banish us .. I was banished from the forum fr precisely because I supported a little too much on the questions and the nice child who manages the forum banishes me because he no longer knows what to answer 😂😂 short ..

yes I have been there for a while, and since the beginning despite my criticism no one has had a real answer ..
for me this project and a nice masquerade .. I explain my version of pi as I see it.

1 to make believe that one creates pi thanks to the telephone by creating a false application with a virtual counter, once that made, that the community took the bait, one passes to phase 2 ..

2 we create a gateway to send back the transactions which are supposed to be done by the phone to his computers which performs the checks, before sending everything to the super node which will validate the general
create a ready-to-use platform to sell pi, then give it value.
recruit the super-node validators (lol, it looks like the bank, wait I call my supervisor it is he who validates the transaction 😂😂)

good in all that we still don't know where the pi is extracted (but we don't care ..) phase 3 quickly ...

3 create a contract by removing the so-called pi preminer (and what goes to the team, which will surely be proportional to what the members have received in general ..)
manually credited users
start using the pi sales platform to give it a semblance of life .. and start putting reward mode for node and masternode in place
once the members have believed in pi, we will have exchanged items for pi, which will have imagined a price for pi, the last and final final phase, the deception

pi and put on an exchange platform, the designers make their money, the price collapses, pi is finished in oblivion 😁 I described my vision of things

I can completing understand what your taking about.  

your Question1 to make believe that one creates pi thanks to the telephone by creating a false application with a virtual counter, once that made, that the community took the bait, one passes to phase 2 ..

HERE is what i think Same thing you could say about the FEDERAL RESERVE they are fake also NOT even FEDERAL but private organization that fulls people in to make believe they are part of the government!  

your Questiongood in all that we still don't know where the pi is extracted (but we don't care ..) phase 3 quickly ...

HERE is what i think Well yeah it is the same thing you could say about the US Dollar(where is it extracted most of it is just DIGITAL digits on a computer and only like 3% in real paper cash (but we all don't Care either) its called Faith backed, well and course government backed!   but all Crypto is faith backed by the people.  so its what everybody accepts and uses that turns --whatever it is-- into a medium of exchange

your Question2 we create a gateway to send back the transactions which are supposed to be done by the phone to his computers which performs the checks, before sending everything to the super node which will validate the general
create a ready-to-use platform to sell pi, then give it value.
recruit the super-node validators (lol, it looks like the bank, wait I call my supervisor it is he who validates the transaction 😂😂)

HERE is what i think I don't understand can you reword please?
 But  I do know the The Pi Node Beta software is just now starting testing/calibration for consensus algorithm to validate transactions and give out more Coins for that.  I have applied but my computer is 32bit windows 10...  And I have two Raspberry Pi 4 that i bought in December which now I want to run the Pi Node Software, but they said they are still working on the LINUX version,  But to me that don't make sense because most all programs and most of the internet, Cellphones etc.. runs from LINUX and you start from LINUX to create WINDOWS  LOL  So yeah i have my own questions to but I don't ask that in the PI NETWORK chat it is to complicated question to ask but doesn't make sense, to not have a Linux version of Pi Node also

your Question3 create a contract by removing the so-called pi preminer (and what goes to the team, which will surely be proportional to what the members have received in general ..)
manually credited users
start using the pi sales platform to give it a semblance of life .. and start putting reward mode for node and masternode in place
once the members have believed in pi, we will have exchanged items for pi, which will have imagined a price for pi, the last and final final phase, the deception

HERE is what i think i think what your trying to say is when app turns in to the wallet.  I think the platform is a different app?  the Price will come from when its publicly traded I think and how how many users are on the network because if it goes viral not saying it is or it wont.  but if just a Billion people use it it will have a strong value,  i dont know a price but i would say Cheap example $10.  Just look at FACEBOOK that social media site has what 3billion people using it which gave it value as the stock, Zuckerburg tried to create a Imaginary coin too but no one trust HIM.   If you can create a social media platform wrapped around a currency is why I SEE POTENTIAL.

you still don't answer the question .. you get around the subject a lot ..

I see that you have lost your way in your speech, but in any case you never answer the question asked.

so the phone application is useless? those computers that will do the job, not the phone?

Where do these fucking pi come from?

you really seem to be a big connoisseur in crypto currency ..

ps / the platform, and just the platform which is being configured so that the members can start to exchange the pi for objects before which put it on an official exchange 😂😂🤷

Yeah the Computers Node program ....  Pi Network app will turn into the wallet  

 I really did answer all your questions   you already ask were the pi come from like 30times and i answered look back through my answers.. i am tired of telling you... I see why they got tired of you too!!!  ::) ::) ::) >:(

Bye i am done with you

So suddenly, pi will not mining with the phone 😁 the phone will serve as a wallet .. small project very different from the others I see 😂 and yes, I understand you, when we do not have the answers to the questions, it becomes painful to try to answer it ..

so after long research I found that:

1-their website says that the application actually mines the coin!
https://i.imgur.com/O8Oyekx.png

2-The application steals more than your info!
https://i.imgur.com/CzKuYOc.jpg

3-The application make connections to a lot of ads services in the background!
https://i.imgur.com/0Yuh5v9.jpg

4-here is a Virustotal scan for their apk and it shows that the app takes a lot of permissions that steal everything on your phone https://www.virustotal.com/gui/file/3aa2994e6885d0c3fcff3b038f8b4da9b727138c5cc10533b0e8ebedb3075b41/details (https://www.virustotal.com/gui/file/3aa2994e6885d0c3fcff3b038f8b4da9b727138c5cc10533b0e8ebedb3075b41/details)

TLDR it's a spyware. It'd be great if someone could perform HTTPS interception to see what kind of data is sent to ads services.

No sir, you are wrong for that. Pi is now listed on coingecko and traded to FUBT with a price of $0.347565
for your reference here's the link:
https://www.coingecko.com/en/coins/pi-network-iou#markets
https://www.fubt.co/#/TradeCenter/piusdt

But i agree in one of your comment above that what will happen if someone does not pass in the KYC? that is the very sad part of the story. I admit that me too, Im very pessimistic with KYC i don;t like it. But up until now i'll always follow their announcement and as far as i know the dev has a gut to show their face on public video. So let's watch the development.

for a member with a lot of merit, you say nonsense ..
at the moment pi has no coingecko values ​​it's not true, it's just someone who listed it without authorization
short do not dream of even a day pi at 1 € considering the number of pi which there will be at its official release, if it reaches the max price of 10ctm ca will already be enormous.
in short, the most mythomaniac project I have known .. no phone exploration, exchanges between members to give it an imaginary value for its official release, validated nodes kyc (private life we ​​forget), pi preminer but not preminer because manually credited and can be deleted if no kyc .. in short this project has everything to please ..
I do not understand the people who are deeply involved in this project, he hopes it will cost more than bitcoin 😂😂😂😂
Bref ....

This PI coin doesn't exist on any market, you can't buy it for BTC nor a product of someone. Those who mine the coins are just mining it for nothing. keep earning Pi , as much as you can There’s not much point in promoting Pi here and it’s obviously causing your some anxiety .in fact they are doing video conferences and they have done a lot of updates, members have seen and met the team on videos talking about the project. Good luck with Pi and I hope it does become a currency

The pi network start to insert ads in their apps... That's a lot of money to earn with millions of mining users  ::)

Are you sure that is Pi listed on Coingecko? you talk so confidently and you haven't even checked all the information you have. because of that you just act incompetent and your efforts only hurt this Pi "project". of course if they have any authority, you can't hurt something that doesn't exist.

watch this carefully it's a notification from Coingecko page (https://www.coingecko.com/en/coins/pi-network-iou#markets):
"This refers to IOU tokens. Main net launch of Pi Network is yet to take place. This is an IOU token. Check for announcement: https://fubthelp.zendesk.com/hc/en-us/articles/360040503052--New-Token-FU-BT-will-list-Pi-NETWORK-futures-on-March-14-2020"

Also this:


Numbers which you have in his app is just a number and you can't trade them. Pi main network still not yet launched?! you all hold only "demo" tokens?



obviously this is the ultimate goal from there. Ads reselling.

Thank you ETFbitcoin for providing more info,
As I said before in the first post, this can be some sort of malware/spyware.
I know we can use Ollydbg/PEiD/PEBrowse Professional/PE Explorer/Strings v2.53(by Microsoft) in order to track the executable file (.EXE) on windows. Also we can use decompilers and dissemblers to check the assembly codes (lower lever language codes) to find the malware possible patterns.
But unfortunately, I don't have much info about how to analyze the APK files. This could be really nice if someone analyze the APK file and monitor the actions just like what you done here. Much appreciated for it.

Yes, Its doesn't require any disassemble process. Just like PEiD/PEBrowse Professional/PE Explorer they monitoring the actions done by the application in the background. Monitoring HTTPS connections can't be hard but sad'y I don't have enough knowledge about it

First Im not affiliated with Pi, Pi network is currently in early stage of development phase 2 testnet you cannot build your own blockchain in a week it takes years, about your concern on asking kyc and data theft on your phone its not new anymore hundreds of app today are stealing your identity once you use your phone or pc and connecting to internet your identity is at risk anymore including your lovelife  ;D so if you are too concern about stealing your identity dont connect to internet simple, do you think this team from Standford University with MBA, PhD degree are ruining their reputation just to build a shitty scam app? its too early to criticize a project in early phase of development if you read thoroughly the whitepaper you will understand what protocol they are proposing read gain https://minepi.com/white-paper recently they ask members of pi pioneers in chat about ico or in app ads to sustain the development of this project and instead of using a quick and easy money ico system they decided to earn organically via in app ads and I dont see any problems here

 

You are not affiliated with Pi, but it seems you are very well informed about Pi, how it's work, team education level etc... I personally can't really trust you that you are not connected with Pi, so I attribute your post to shilling for Pi.
I know some of the well established and functional project which develops his own network in the first year of the stage. I also know a lot of projects that have been developing the product over the years and at the end, they develop nothing. What is the next stage after "early stage of development phase 2 testnet"? The middle stage of development phase 3 testnet?
how long does it take for "early phase of development"? 10 years? more?

This is a good debate and a good resources for those who already have Miner Pi and for those who are about to install it, it's for them to decide if it's worth it or not, one of my friend had it in his phone and he notice that they are putting ads to monetize their application, imagine millions are accessing the application, imagine the income.

This video shows you why Pi Network cryptocurrency and Pi Network app are not a scam

https://www.youtube.com/watch?v=ReuRkSKkPiQ

There is no mining, nor any function that has anything to do with mining. It is the only application which counts some numbers and gives "Pi" name to these numbers. They are still on testnet (after many years) and we cannot know if the applications are connected to the network, or it’s just waving a carrot in front of Pi-lovers nose.


You create an account just to share this Youtube link?
in the end, your video offers no explanation. Nothing more than we already read here, just a few words from nobody. that such a thing exists on YT, that does not mean it is true.

edit: Pi Network app is not a scam, it is rubbish and nonsense.

You have no idea, someone with low educational level will create random scam websites, but if they are graduated from standford we expect them to be more creative for their purpose. Educating in university won't change the personality. There are highly educated and also some illiterate scammers, they both have their own ways.

The reason why I said this can be a malware in the first place is the application asking user to execute it every 24 hours. This is exactly what a malware need because the process will be killed usually by random defenders/OS and needs to be executed again. Also, stealers usually stay quiet in your phone and just collect the information, what they need? to be execute periodically to upload the collected information.
After all I said even if it's not malware, we understood they are making income by ads secretly without of saying anything about it.

I downloaded this app when it was launched. Upon looking at your thread, I am convinced that it is scam. Yet, I don't want to accuse them without their launch in exchange. Who knows? Even the impossible mission in going to the moon was did by humans. But this is a good thread so that other users may warn in case all allegations are true.

It is already being traded in one Chinese exchange in the form of IOU token at $0.348900 looks good even if the token is not yet distributed
this is a big temptation for people to mine, but when they distributed the token I doubt it can maintain the price it will definitely crash the price, people are mining it for the money, it's easy money so they think it is.
https://www.coingecko.com/en/coins/pi-network-iou

0.25 PI per hour = 6 PI for day for 3 million nodes ... 18 million supply daily for how long? More than a year? We can estimate that it is about 18 * 10^6 * 365 / (lets say linear increment so 2) = 3 billion supply (now you know why you can mine whole coin daily and you can't mine whole bitcoin daily with mobile app?)



With 3 billion supply we are talking about 1 billion dollars in marketcap (top 15 CMC). We should expect price drop 99% after unlocking tokes. For everyone considering mining (thinking that money is more important than your personal data) - you will not get even a fraction of what you think you will get. I'm wondering what is this price based on? Who is selling if all mined coins are locked? In reality this is a top 500 - 1000 CMC project currently (my estimation ... of cours if not scam) so we are talking about 2 milion marketcap and 0.0006 $ per PI, 0,004$ per DAY, 1,46$ per YEAR per NODE risking all your personal data

The supply is really a big issue here, good analysis and they still attract a lot of money here because of the price they are seeing in Coingecko, without analyzing this figure, and mind you they are now running ads every time they open, they are already making money while developing the platform with all those million views, I think they already plan this and it's part of their roadmap, I wonder what more they can add so they can make money from their millions of members.

All of our discussion here is our prerogative, but we will going to see it at the end of the road of Pi network roadmap, you have your own rights and mine too. Well we will see it this coming days, weeks or months.

...months, years, decades, centuries... who can say with certainty that 1 Pi will worth $5 after 50 years when it comes out on the market. it just takes patience and after 50-100 years all Pi-phone-miners will be rich.
Probably all Pi supporters can't wait moment to celebrate his big win.

First of all, Bitcoin did not do the same "think" in 2008, nor the same thing, as it did not exist in 2008. And you mentioned twice about Bitcoin in 2008. Duh. Bitcoin was launched on January 3rd, 2009, thus it is impossible for it to act in 2008 as Pi does now. Duh.

Second of all, Bitcoin never had free coins, nor free from mining (actually this doesn't even make sense - what means "free from mining" ???).

Last, but not least: I see you keep yelling lately, which is even worst than writing like a bimbo, with all rainbow colors. Duh. A wise man said once that when you yell or swear is a sign that you finished all your rational arguments. I believe he was right. Duh.

Oh, one more thing: regarding "I will not loose my Pi coins because [...]", the term is "lose", not "loose". Duh.

Who knows Bitcoin hitted $20K. way back 2010 when i knew about bitcoin so many bad articles and so called guru had their rant about bitcoin and so on and so called blah blah blah. But look at bitcoin now. My question is, Is bitcoin has a solid foundation when the day it was appeared in public? Are we know who behind it? the answer is NO, now i don't want to compare bitcoin in to our subject, bitcoin is bitcoin period. But the point is they've have different presentation to public plus the fact that the people behind Pi has a gut to appear in public to explain the project, Now some of comments here make an argue about the ads etc when you run the apps, it is okay for me, if it is the way to create their fund for the project. Remember they are not ICO. Now the button line is all of our discussion here is just only our opinion.

very funny and sarcastic statement but if we analyze maybe true or maybe not.  :D :D

I read something on Reddit also that, the Pi network is offering a mining system on your mobile devices but it is never affecting any of your phone performance. They are cryptocurrency but they have their own unlocking stage and the exchange off the coin itself is at their website/mobile app, (please correct me if I am wrong). Pi network is basically self proclaim cryptocurrency without having the requirements to be called as cryptocurrency itself.

---

I see a lot of coins like this which is scam, same scheme but different method. TBC(the billion coin) and Smash coin will be the best example that I can give.  :)

I did not know about TBC and Smash coin, but I think the most representative similar scams are BitConnect and One Coin. Both stated they have a blockchain (and they didn't have any), that the coins will be mineable (which did not happen) and in the end they turned out as two of the biggest Ponzi schemes ever known. I remember that One Coin also had (has?) a site similar to a marketplace for this coin, but there was nothing to buy, maybe excepting some honey jars lol. The Bulgarian woman who invented One Coin dissappeared a few years ago, after Police started to look for her and her whereabouts are still unknown.

Pi is the same attempt of deceiving people and scam them. Beware!

Due to my own involvement with genuine Prime number related cryptocurrencies (mostly Gapcoin and my hosting of Riecoin nodes), I decided to take a closer look at the claims being made here.

...

The following people are openly and directly responsible for the Pi network project, according to this article ....

- https://www.stanforddaily.com/2019/09/16/stanford-grads-develop-cryptocurrency-for-smartphone-users-to-increase-its-accessibility/

https://wp.stanforddaily.com/wp-content/uploads/2019/09/crypto916.jpg

"(From left to right) Vince McPhilip M.B.A. ’18, Chengdiao Fan Ph.D. ’14 and Nicolas Kokkalis Ph.D. ’13 cofounded the cryptocurrency network Pi Network with visiting student researcher Aurélien Schiltz. (Photo: Benjamin Mattingly)"

...

NICOLAS KOKKALIS
- https://hci.stanford.edu/nicolas/

The 'official' twitter feed @PiCoreTeam does seemingly show a video associating both Nicolas Kokkalis and Chengdiao Fan with this project ...

- https://twitter.com/PiCoreTeam/status/1245518844703072256

...

The Pi Network project is clearly not yet a 'live' and/or 'functioning' cryptocurrency. It is currently unspendable.

Pi Network (IOU) (PI)
- https://www.coingecko.com/en/coins/pi-network-iou

"This refers to IOU tokens. FUBT has shut down so this IOU trading is no longer happening. Main net launch of Pi Network is yet to take place."

...

This official tweet from @PiCoreTeam clearly demonstrates that the entire project is currently centralized ...

- https://twitter.com/PiCoreTeam/status/1220260428883775488
"Pi Network is currently offline. We are working to diagnose and get the app back up. Keep an eye on our status page for updates: hxxp://status.minepi.com. "

https://pbs.twimg.com/media/EO88ZILVUAADeE7?format=jpg&name=medium

...

The Pi Network project is quite clearly designed to collect and amass a rather disturbing amount of 'users' personal information for the purposes of KYC ? etc., etc., Also, being highlighted here:

- https://changelly.com/blog/pi-network-pi-mining-step-by-step-guide/

(As to why 'industry' players like changelly are supporting projects without a 'live' cryptocurrency, and perhaps to the detriment of original Prime number related cryptocurrencies (doing actual math on a blockchain) like Gapcoin and Reicoin, remains unclear to myself!)

...

"Submit your #PiPhase2 video for a chance to be included in our celebration video for Pi Day and our transition to Phase 2! All Pioneers are encouraged to participate! For submission instructions watch the video below. Retweet and mention us @PiCoreTeam so we see your post!"

- https://twitter.com/PiCoreTeam/status/1237513542288302085

....

Conclusion: I'm fairly sure that the real Satoshi Nakamoto would find this currently centralized, not-currently-a-cryptocurrency, potentially privacy infringing (mining your data ?) smart phone application to be very far removed from the concept for Bitcoin and other 'true' cryptocurrency and altcoin projects.

Therefore, I will not be 'mining' and/or signing up for this project myself. I uphold the [warning] notification provided by the OP.

Have a nice day now!  ::)

You can see even by the people they chose to be a front for this data gathering project that it is organized by some intelligence agency or something similar.

They even took care to include all skin colors to represent PI to reach as wide as it is possible when it comes to demographics like they do now in Hollywood.

Oh man; this is quite an observation; but they lack South Asian or Mid Eastern people and they hv quite good population too.

Well nobody is perfect, they can't get it all right  ;D ;D

I mean I know this sounds a bit crazy haha, but you get the point. From what I've seen and understood this is not a crypto project and the way things are setup it looks like data gathering.

My observation was here just to ad some exzotic flavour to it :D

Yes I do get your point and this does leave a lot of unanswered questions; I don't get the KYC thing at all and also how it mines by simply downloading; moreover they hvnt had any cogent interaction on BTCT which wud hv given an insight into their actions and motivations. Let's hope ppl dont get scammed.

Oh wow. I just say the news of the KYC.

Please, someone, explain to me how a logical person can look at something that asks for the personal info of 100k people and think thats a good idea? I mean are people completely retarded? I can't believe how many stupid gullible people exist. There was an autosurf scam of 20 million $$ it offered 144% in 12 days. Who falls for that? I mean my god do they think the profits fall out of the heavens?

Honestly, if people want to give a faceless organisation their person info then goodluck to them. Anyone of use posting here can make our own app and also demand KYC. There is nothing legal about it. KYC is for banking and voting and things like that. Not some silly app that gives you coins for logging in.

Using the guise of "preventing multiple accounts" to harvest personal info.

I mean what is next? Video games asking us for KYC so we cant make multiple accounts?

The problem is that these kind of scams usually spread through population that can barely use smartphone , laptop, tablet or pc. So for them, only info they get is only info they know. That is usually that this app is gonna make them wealthy and all they need to do is click once a day and say to all their friends about it so they can earn more.

KYC? What is that? Is that something you can eat?   

They have no clue what is KYC, but they are told they need to do it to get their money, so they do it.

In essence that is the issue. Uneducated mass.

FUBT shut down...

This refers to IOU tokens. FUBT has shut down so this IOU trading is no longer happening. Main net launch of Pi Network is yet to take place. Check for announcement: https://fubthelp.zendesk.com/hc/en-us/articles/360040503052--New-Token-FU-BT-will-list-Pi-NETWORK-futures-on-March-14-2020


When every sign screams scam...its a scam.

/also shows inactive and  no exchange.  Even the link above now is dead..same as the chances of earning anything from Pi. 

Well 99.99% of people like that don't really have anything to lose by exposing their identity. So they aren't concerned about it.
What's the worse it can happen, someone looks them up and sees they're not worth $10 all together? Might even take pity and give them a buck or two

It might seem crazy to a lot of people here, but in essence that is the real truth. People have nothing to lose, have no knowledge about privacy so they try anything that has a good story and scams are experts in that. Selling shit packaged like an american dream.

I have read many users comments very deeply, some people told pi network scam on the other hand some users defined pi as a genuine. But personally I think pi network is not a fraud project. Because they do all the steps as their road map. And their conception is also different.

If this is what you understood from these 6 pages... what can I say... good luck mate  ;)

And now this PI network have more than 8 MILLION people guys, when this was trap or thieve for some data on member phone, than its gonna be big scandal as facebook scandal with cambridge analytica case. But whats? some people dont care about this and  people like me believe there is no privacy again with our data,, google, facebook, twitter etc have those data :o

Hello there OP, just seen this topic, I'm actually mining on pi but thanks to this warning thread.
I become more aware and probably consider quitting from it since the "my" mined Pi will just get stucked on phase 2 if I did not pass a KYC.
And I don't prefer passing any. I wouldn't compromise my privacy just for such possible small earning.


Those social media like Facbook and Twitter, doesn't require you to pass KYCs. They are not also giving people a little bit of hope to earn from mining on their phone "offline".
On the otherhand, Pi does requiring it's users to pass their KYC forms so they can evaluate them if they are real humans or not, which is much dangerous if you really care for your privacy.
In facebook, you can just use any names and pictures, but in KYCs you can't, if you pass such form, then they already had your human data.
They already know you. Your name. Your location. Everything that is required on KYC form. So think before giving them your sensitive personal info.

KYC has been re-enforced because a lot of cheaters have been caught in the APP. If your privacy and personal info is so important than better stay away from it.
Facebook and Twitter are totally different because they earn through ads and traffic. While Pi Network does not earn anything except from it's supporters.

this coins is all about referrals, i don't trust it, i think they want the app installed in your phone so they can take data and then sell it, like advertising, or something more sinister.
i don't know if is a scam or not, but scam is what is seems.

They can't because they have to sell the data they gather to third parties and make tons of money too  ;D

After reading all of this I stopped using Miner Pi the risk is way to high for the coins that you are going to get from mining it's not worth it it's a big trap indeed unfortunately, those millions other users are not aware of this trap and it will be too late for them because the company has gathered their data already.

People used to talk about mining on phones with GPUs, and it might have been being done

Here's a coin that supports the Pi Network called Piece. Have A Piece!!!

pieceofpi.world (http://pieceofpi.world)

https://i.ibb.co/92jfLXk/nsisheader.png

Piece (Piece Of Pi) (Litecoin fork) (2020-2028)

Max Supply: 13,528,181
Block Reward: 1
Block Size: 600 Bytes
Block Halving: 2178892 blocks
Block Time: 4.2 seconds
Ports: Main - 2999 Test - 12999
Retarget time: 54.11 days
Algorithm: Scrypt

pieceofpi.world (http://pieceofpi.world) (coming soon)😊

Github

https://github.com/piecemaster/pieceup

So, where to sell this shit?
It sounds like any other cloud mining scam. You mine, you got some points in some virtual application, but nothing real. You can't get anything real from there, can't withdraw, can't exchange for Bitcoin, fiat etc... So, what you can with a lot of Pi in your wallet?
what is the purpose of this coin?

Pi is not a crptocurrency, as it doesn't have a blockchain. You can't do anything with Pi in your wallet because it is not a cryptocurrency and it doesn't have any value. It is just a Ponzi scheme, similar to One Coin and BitConnect. If you read the earlier posts, you can see also quotes from their official website, stating the same thing. You can't mine it (mining with phone is a joke, I hope you realize that) and you can't sell it anywhere, as no rational person would buy something without value.

So is this shit stil alive or was it exit scammed finally?
TBH i've not heard a single peep or a PI shill in months, so i figured it just went away and people pretened it never existed

They are still alive and now they are asking to verify your name so you can own your coin, I missed verifying my PI because I stopped for two months already and I'm not going back gain and besides I need not worry if the coin is interesting it will have a heavy dump and I can buy from the market without giving my identity to the developers of this project.

Good idea... People are already losing interest that's one reason. I started Piece

They are just going to surprised us,  those who mined this token will dump here I have some friends who continue to mine this token and their only motivation is they are just going to dump it when it hit the market, some of them are faking their credentials I hope PI Network will not ask for video KYC, that's way to risky.

Buy it? But why? What's the use of it? What's the purpose for this coin?
Show me one usecase where this can be a good deal.

And why would we do that? Give us more details before we click any link.
With all that's happened lately, no one will blindly click on a potential phishing link. Even if it's as stupid as PI

https://i.imgur.com/esagBb9.png

Makes me wonder.

Ya Pi Network muted me when I tried to promote this and help the network.  This is only the beginning of Piece. I'm not phishing I'm fa real about this... A lot of people dropped off the network because it's seems like it's not gonna be that good.  I see what they trying to do though but  they lost a lot of people . You know people are moving on to the  new year and leaving all the fake crap behind. But im investibg my own lil money and time into this too so I'm serious. They built something dope but I  think they might have dropped the ball  People need to move quicker but I understand with all the wack coins that look good and the scams. I been scammed multiple times but it's all a risk. I'm waiting on some hackers wish I could personally catch em. But I don't know where this is going to go but I know where I'm trying to take it I want this to be Bitcoins little brother. All the people who missed out even if I gotta do some crazy shhhh in public to get peoples attention I might lol. This is urgent I'm working on getting the block explorer and and chat app going. I'm goin to post videos of me in the streets with this so look out. Gotta hit the streets and the internet. Working on getting a node up too so people can just connect and start mining immediately.  Bitcoin is pretty much gone for the everyday people you still should get some but you need to have an whole coin or more. This is less coins and only 8 years so we can see what's going to happen while we are living. All respect to bitcoin but they on the way to the moon they went through years with it so they deserve it cuz I see how it is trying to get people to get involved but it's so much fake stuff goin on. Smh this might be something I'm trying to move quick.

So here's a coin that supports the Pi Network called Piece. Have A Piece!!!

pieceofpi.world (http://pieceofpi.world)

(https://i.ibb.co/92jfLXk/nsisheader.png) (FORUM: disabled on this page for security.)

Piece (Piece Of Pi) (Litecoin fork) (2020-2028)

Max Supply: 13,528,181
Block Reward: 1 Piece
Block Size: 600 Bytes
Block Halving: 2178892 blocks
Block Time: 4.2 seconds
Ports: Main - 2999 Test - 12999
Retarget time: 54.11 days
Algorithm: Scrypt

pieceofpi.world (http://pieceofpi.world) (coming soon)😊

Github

https://github.com/piecemaster/pieceup

 

So basically another shitcoin like PI is? Trying to piggy back on "glory" of PI. If it can be called glory at all, more lake mock glory

No offence, but gtfo.

Because shitcoins.
Every 3rd world bounty hunter will get some in hopes of one day having huge profits, just to have yet another mallware on his phone collecting his data.
And yes, 90% of bounty hunters do it via smartphone, it's crazy

F U this is not a shhhh coin I wish you would try to say that to my face take it as an offense u GTFO

.

This is for the small everyday working class people it's about storing this digital gold. This is not a get rich quick thing. Average people can't afford  a whole Bitcoin

Who said you need a whole bitcoin? Who said everyone must be a millionaire?
It's not how all of this works. Some will get rich, true.
Some will get more money than they could by just working.
And some will get nothing.
And some will get shitcoin like PI and Piece

I think your calculations are wrong this coin is fast have you tried to use or mine it yet? It's still a baby so things will get better Ill remake the exe and scan. Still in the beta staging pretty much. When Bitcoin started. It was in beta stage have patients. I see that Pi Network and ya this is kinda piggy backin on the network because people have invested a lot of time. In Pi. And I think they might be dissappointed. Pi is a good idea but its built on the stellar blockchain. But I like stellar so far.

ok

1. yea about 3 a second but 60 seconds divided by 4.2 is 14.28... so thats 14 blocks per minute at max 600 Bytes... with  a max standard transaction size of 60 so thats 10 transactions per block so 14 x 10 is 140 transactions a minute.  8400 transactions an hour the default max size is 40 Bytes so the numbers can be different. I think as the network gets bigger things will get better but the problem is things are moving faster than expected I can change the block size later but for now its suppose to be small because it moves so fast and if you read the white paper it says its for CPU but people arent going to follow the "rules". It could work on phones if EVERYBODY only used cell phones on the network or if their was away to limit the hashrate for mobile devices. but EVERYBODY is not going to follow the map because greed and the fact that its allocated or 'decentralized". people do what they want no regulation or KYC.

2. 10 minute block is way too slow all respect to bitcoin and litecoin but they are too slow when the network gets busy. all you want to but was a candy bar or even up to a bike you will be standing at  the counter for who knows how long. those are too small of transactions for the network. Even sending bitcoin to other people just to spread it is a nightmare. yo watch when the average person gets a hold of Bitcoin and starts trying to use it for the first time. they are not going to be happy with the speed. Its suppose to be Electronic cash so thats suppose to be fast as a debit card in my opinion. For store value yes but for spending everyday for quick payments no!!! same with Litecoin. people call it digital gold but in the white paper it says "electronic cash". lets face it nobody knew Bitcoin was going to be this big for a fact when it started. I didnt make Piece to big a big thing so fast you cant compare it to Bitcoin right now its still a baby seems like thats what people are trying to do. Bitcoin is the $hit especially if you got in early but not so good for late comers who have the same amount of money as thos in the beginning of Bitcoin some were homeless probably now look at them they stuck with it through the ups and downs. How many people gave up after mt Gox? or silk road? im goin of topic but its deep

3. Do you know ethereums block size is small like 20 to 30kb and they can handle more transactions per second than bitcoin am i wrong i could be pull up the numbers. But Ethers fees are wayyyyyyy too high when things get busy on the network I tried to buy a website with Ether for around 6 bucks but the fee was 4 bucks to send it SMH!! the top 4 coins (Bitcoin Ripple Litecoin Ether) have flaws especially for working class people. I think thats one reason why things get stalled sometimes but hey who am i?

this is bitcoins little baby brother just born the block size can increase later. I could increase the block size and lower the max transaction size to increase transactions per second but its about storing right now and later. STORE!!!

One particular emphasis on this point is the notion of balancing security and speed. Ideally, a financial network would prioritize its security over its speed (and hopefully improve both). I don't see the purpose of using this secondary layer (lower block times) when one could simply create a layer on top of our pre-existing secure solution.

Also, wouldn't shorter block times reduce the impact of decentralization? You're looking for something that is secure, fast, and decentralized. Pick two.

People have yet to really test Bitcoin i cant wait intill paypal allows people to send. I want to see how Bitcoin can really handles orphan blocks.
You also have to remember that this coin only lasts 8 years. I wanted to accelerate the end of Bitcoin. this is an experiment like all of the cryptocurrencies so I understand your calculations need to be accurate. makes for a better protocol but not even Bitcoin was accurate in the beginning it was in beta mode. I want to see the network grow and transactions move on the block to really see things first. some improvement proposals would be good PIP's ;D

There's one thing that OP is missing. Transactions are usually multi inputs and/or have multi output. If your block size can only accommodate a maximum of 3 transactions of which all are one inputs and one outputs, then you would have a very big privacy problem.

You can probably survive with 4.2 seconds on a very well connected network but if your network is initially small, there is definitely going to be a bunch of forks. Well, especially when you're mining on a phone. To anyone thinking about using this, I implore you to consider the cost of phones and it's degradation when subjected to prolonged high loads.

Bitcoin succeeded because it was the first and there were actual solutions made to combat current problems. :D

Nothing to see here. Just another day in the shitcoin world.

definitely talking way too soon smh lol thats good that it gets a bunch of forks i just started it that means its a good idea and has value. another thing always remember Bitcoin is the boss but your not thats Piece's big bro in my eyes he going to the pros or to a big college to show people wat he can do. Piece is a little baby nobody really knows about yet accept a few in this forum. I'm not worried I'm surprised it moved so fast  ;D the original will prevail!!! It has'nt even started walking yet.

No. Forks as in miners building on different chains.... I don't think there's any difference from Litecoin??? So not sure why anyone wants to fork this.

If you're serious about this, perhaps start answering the more technical aspect of things (both ETFBitcoin's and mine) and be more professional instead of proclaiming that it'll be "better" than Bitcoin. Anyhow, my last reply to this thread and I don't find any point in continuing this discussion. Wish you luck in making it "bigger than Bitcoin"  ;)

I do have another repository thats the same as this one but I dont want to use it yet. they might have already messed that one up. SMH. like I said before the poblem here is people are moving way too fast even though the blocks are small. but you right the first version isnt the longest chain anymore which sucks smh when its not even two weeks old. its crazy how just one person can screw up the whole chain.

this is different than anything you've probably ever seen in cryptocurrency (only 8 years). and for professional did you see Bitcoin when it first started it had flaws even the design of the symbol but they upgraded it later lol. If craig wright is was really the one behind satoshi I see why he went incognito and how many "Professional" coins have you seen that are still sh!t coins? or started out good and went to crap cuz of greed and selfishness. I got out of jail 2017 and got into bitcoin but i recognized it around 2015 and heard about it before that. I'm still a baby g but I never said it would be better than Bitcoin bitcoin... is the mothership as you can see. but Bitcoin is a Protocol not you me or any one person. aint no excuses but my community was not into Bitcoin i knew nobody around me dealing with it. Had to find out on my own through the internet or maybe tv if news. so I know  This is a little piece for those who missed out and are connected to the Pi Network. hey i'm still learning but this is decentralized im just trying to give the smallest person i can a fair start. most people dont have these powerful computers and are not technical as you or others. I'm trying to translate as i learn and we all learn because this stuff i still new. I want to help bring this to the world culture so Bitcoin and EVERYBODY benefits. only a small amount of people have Bitcoin. i heard about the Bitcoin network a lot of people left that started it in the beginning. there happy but happy alone because the original vision was different than wat it is now. the coin hasnt truly been tested yet I think paypal users will find out then look for another secure faster coin.  they already forked Piece but i'm not here to convince anybody. so to each his own basically we'll see about it as the years go by!!!

OP lock this topic please.
I see no reason for PI shitcoin always to stay on top, with eight pages and being bumped up in reputation forum with bunch of newbie accounts.

Bad marketing aside,  I heard the guy running the website and creating the marketing got fired (https://www.docketalarm.com/cases/California_State_Santa_Clara_County_Superior_Court/20CV368601/Vincent_McPhillip_vs_Nicolas_Kokkalis_et_al/).

If you dig through all the bullshit of the website. The facts are in the not well written whitepaper.

Pi wants to be a non corporate version of Stellar.  If you wanted to run a crypto network with millions of users and thousands of nodes, stellar consensus protocol is a reasonable choice.

A non corporate version of stellar is also an interesting proposition.

This choice is probably related to the fact the Co founder, Chief Scientist of Stellar, David Mazieres (https://www.linkedin.com/in/david-mazi%C3%A8res-20a92924/) is a professor in the computing department of Stanford and Dr Nic (https://www.linkedin.com/in/kokkalis/) co founder of Pi is a computer scientist at Stanford teaching blockchain courses and doing social computing research (Publications (https://hci.stanford.edu/nicolas/))

This is his latest course BioE 60: Beyond Bitcoin Applications of Distributed Trust (http://beyondbitcoin.stanford.edu/)

This is the recording of lecture 2 (https://www.youtube.com/watch?v=_-hLlfM88rk)

The first guy in the video is Jan Liphardt (http://liphardtlab.stanford.edu/jan.html) Professor of Bioengineering who developed Fever IQ which was an internal feature of the Pi App that collected covid symptoms. That app, which originally had a github, has turned into this Enya Launches FeverIQ COVID Health Check to Immediately Help Businesses and Schools (https://www.prnewswire.com/news-releases/enya-launches-feveriq-covid-health-check-to-immediately-help-businesses-and-schools-reduce-reopening-risk-for-free-based-on-insights-from-more-than-700-000-data-points-301069286.html)

The plan of Pi,  from what I can figure out, which is consistent with the use of stellar consensus protocol, is to distribute the majority of the mainenet premine to the users in order that they can kickstart an economy using all the applications that will be present in the Pi Mobile app.  There is an SDK and sandbox (https://developers.minepi.com/) and people are making and planning apps. e.g. YouPi (https://www.youtube.com/watch?v=L9JKMyrP0SU). I'm not economist so I don't know if that kind of thing is even possible.

The mining is the means to determine the allocation of the mainnet pi and the KYC is to ensure one person one account. Stellar networks have a 100% premine.

Fake mining is not evidence of a scam since Electroneum did it first. They did it for marketing and to lead into the Any task (https://electroneum.com/anytask/). This was their plan all along as they paid for the "mining" with a 9bill of the etn premine.

Pi Network started a Stellar v12 testnet in June 2020. here is a picture of showing a non consensus node running stellar. https://ibb.co/m02DdJL

The one thing about running software in a docker container is that you can simply extract the container and examine the files.

There's a lot of information on the node page (https://minepi.com/node-info) and here's one of the programmers taking about developments (https://www.youtube.com/watch?v=shLIcEwz9Q4)

The node you can download first is a a test container with a nodejs script that replies on ports. This is the Github (https://github.com/SbstnErhrdt/node-port-test) of the script.
The windows app tests the open ports in the router and sends performance data of the computer to PI HQ on regular basis. This information is sent plain text and easily captured with wireshark.

Pi core have stated the main criteria they're testing for is uptime and some people with high uptime 90%+ over 3 months received a testnet container.

The consensus container runs debian 9 and contains stellar core v12 but the config file says it's running as a non consensus node at the moment.


The only thing I can say about the ads in the app is it's unusual that the app lets you turn them off, that there's only 1 a day and they include a >> which you can use to close the ad straight away.  

Even if I'm so wrong about PI network there is one thing that's certain, every God damn accounts that talk about this PI network are always from newbie accounts, PI network are bumping this forum themselves and I'm tired of their shit, the project is complete crap

I am not a newbie and I appreciate the analysis of the previous colleague, because it is quite complete. If I am in the project, it is because of the possibilities that it will be something big, but it is true that it still has a long way to go, although I hope they will be a little faster to get the mainnet, I do not understand that they should wait until the end of 2021, when they have already been many months working.

It makes me think that they are looking for a critical mass of users, before launching the mainnet.

I do not understand that it is classified as spam or cheat because you do not have to put money and you only have to spend 1 minute a day.

It has the great disadvantage of having to provide your data, just like other platforms. That is already a personal decision. Some will want to do it and others will not.

Pi has been going since 2019. About 1.5 years so far. This is not an especially long time in the making for a crypto currency project.

Pi network have the added situation of with millions of users come millions of problems.  I guess their one email support was overwhelmed as they deployed a support portal recently:  https://pinetwork.atlassian.net/servicedesk/customer/portals

There's a couple of videos on the Pi Net youtube page that provide details about the development of the nodes

https://www.youtube.com/watch?v=shLIcEwz9Q4

https://www.youtube.com/watch?v=dTXcauc6mT8

I think in the 2nd video he talks about extensive testing required as the Pi Network will be considerably larger than the stellar network it's based on.

It's your choice if you want to trust Pi Network, every steps they take are off key to me, the mining phase is even the most annoying, KYC verifications must be complete to actually owned the coins you mined? Bravo mates, this isn't mining at all, when you mine you become the real owner because mining is decentralized, but not Pi mining lol

It was about time that they had support, until now they used the work of volunteers, such as those in the chat or other people who have set up websites showing a lot of information, all of which we could not find through official channels.

As for the network, I am not a specialist, but if they are based on an already existing blockchain developed precisely by a colleague from Stanford University itself, I still think that it should not take so long. It seems logical that the time required is for testing.

Of course, the nodes also work thanks to volunteers who are betting on IP and investing to make those nodes work.

I still think that those responsible are looking for a certain number of users, something that on the other hand, we cannot audit, that is, we have to believe that there are millions of users, and then you see that the announcements in the APP only harvest a maximum of 40k likes. Something does not fit me.

Even so, I continue to trust, especially since until now no one has said that the APP is malware, if I had a slight doubt, I would have uninstalled it quickly.

Sure, PI is not yet a blockchain. We have not yet reached that stage.

The current phase is called mining, although it is not exactly like that. But the important thing is to get what they are looking for, assign PI to all those who are constant and hit the button once a day.

I can assure you that of all those who start, less than a third continue to open the APP.

It is a matter of trust.

If it doesn't cost me money, I continue to trust.

Many of those who speak ill of PI is that they have enough BTC not to worry about retirement. I assure you that these not only will not hit the button, but they will laugh out loud at others who are giving it. But I dont care.  8)

I am using this app which is developed by this network for last 1 year since it has not cause a single issue but we should be aware of this types of apps which can steal our private keys of different digital wallets.

The project isn't in full motion since how many years now? And again what's that centralized mining all about? Yes I called it centralized because you guys ask for KYC to mine coins with no real equipments, no Proof of work algorithm, completely cloud mining probably that's why you asking for KYC, your project ain't making any sense, I've give up completely

I have seen this Pi network thing been shilled a lot, and yes, even I downloaded it at some point but when I discovered it was like a huge ponzi with earnings from referrals and no block explorer (that I could find),,, I did not.

I think the founders really milking their education (stanford).

I am one of the users of this app and I have no objections to how it works. It is easy to use and it doesn't make my phone slow or hot that is why I take my chances to earn some of this token. Just maybe it will worth something in the future because I don't want to be the one of the once who's saying "SA NA ALL"😂(i hope all) at the end.. when the coin becomes a hit in the market

The fake mining is a means to determine the allocation of the premine of the mainnet.  The KYC is to ensure 1 account per person.

This is consistent with pi using stellar core for its blockchain. 

They just reset the testnet and now it's running stellar v15.2 according to the api cache (http://testnet-api-cache.minepi.com/)

I'm running a testnet supernode (what pi call full validators) on a low power ultra small desktop

They claim 12million "engaged pioneers" without defining what that is. It's definitely suspicious when you see screen caps of phones and it looks like half the referrals have quit.

There are many topics about PI in all local boards but what i found about them is claiming to be a first Mobile mining but the truth is there are tons of Mobile apps that can mined in the past but all of them are turn out scam or BS>

Thanks for this notice but i already discussed and even Argue in our local board about this promises from PI network.
and they have already a thread in either Scam or reputation section if i'm not mistaken.

there's no block explorer because the blockchain is still in development. They only just got the quorums working on the testnet.

We don't know what is happening with the Pi network, because in many cases I have there are many positive reviews about this project and at the same time there are many negative reviews about the project. Recently they made an announcement about their progress and developments.

It's not ideal that they deliver updates inward but all the outside world sees is that stupid website that never changes.

The only place I've seen that posts internal news is https://www.reddit.com/r/PiNetworkNews/

Pi is scam

Mobile miners need KYC to withdraw coins. This to me means that Pi at best is airdrop of coins. Airdrop is not mobile mining.

The world first mobile minable coin on real phones is Nengcoin (NENG).  NENG is scrypt coin minable on android phones starting in summer of 2020.  The second coin that is minable on mobile phone is Cheetahcoin (Nengcoin fork on SHA256).  Both coins have randomSpike on top of scrypt/SHA256 that allows CPU miners to get 20% of all block rewards while ASIC miners obtain 80% of rewards.

Pi has no blockchain.  KYCed mining for phone miners are not mining, they are fake, just airdrop.

The real mobile minable coins today are Nengcoin and Cheetahcoin,  a new type of scrypt and SHA256 coins.

The next scam product? I'm not sure.
But i also told everyone around me not to install it on the phone, because you won't know what personal information it gets from you.
I still cannot understand the developer's intentions for this project, with the amount of user data in hand, they will have many ways to make money on that data source.

There are already 12 million Pi miners and the reactions / reviews are positive and negative. Their mainnet will be released in 2021 and we'll see what's going to happen. I also run a node and really hope for the best. I will only do KYC when I am really 100% sure. A scam would not make it to the local newspaper I think and they would have it verified by Stanford University.

https://www.stanforddaily.com/2019/09/16/stanford-grads-develop-cryptocurrency-for-smartphone-users-to-increase-its-accessibility/

The Pi Network application, which allows you to mine digital currency on a mobile device, may be involved in the leakage of personal data of Vietnamese users. The database with 17 GB of data is sold on one of the hacker forums. Presumably, it contains information obtained as a result of Pi Network users passing the KYC procedure, including identity cards, addresses, phone numbers and emails. https://e.vnexpress.net/news/news/personal-data-leak-affects-thousands-of-vietnamese-4279503.html

PI does not do KYC directly, at least in the last year, YOTI does them

The KYC verification isn't the bad thing here but implementation of KYC when mining is out of this world mate, proof of work algorithm with KYC? If that sounds normal to you then you don't know what proof of work is... Pi Network ruined themselves

The mainnet network has not yet been launched, at the moment we only have a token distribution system based on the patience that we have giving the button for 1 or 2 years. Something that is really testing my endurance capacity. KYC is a way to select only humans, because there are a lot of clever people who could claim tokens from various accounts using bots or whatever invention they come up with. KYC does not intervene in the operation of the network, it is simply a way of selecting the people who will then receive the tokens.

Once the mainnet has been launched and the tokens distributed, it will no longer be essential to pass KYC to have PI, only those that continue to use the original wallets, because there will be other wallets that are not associated with KYC.

I really like your thread and the information you put up there and all the digging you have done.

I am against this project from start warned many people about it to not to install the app they can gather the data and who knows what.

I have a question from you written "Warning!" in your TOPIC I opened this thread to see what kind of warning you are giving like anything you found like they are getting personal information, gathering data of apps (many people use binance app and other exchanges app) so that is why I asking.

Regards

damn thats sad if true... cant trust nobody.

The PI Network app has no usage whatsoever. I wasn't interested in it and i still have no interest in it. But there is one thing that gets my attention and that is the number of users that are following this app. It has such a huge following all over the world that if it just starts using its app for marketing, it can make enough profit to distribute among its users while still bagging a huge money. And with that all the followers of it will get more people in it and it can grow much more.

People on social media are talking about the Pi network, particularly those who are new to mining and have no idea how it works. They're comparing it to other NFT games in the Philippines because it's free and can generate money without investing, and my friends are also spreading this pi network, so I'm continually replying to this thread to let them know what's going on.

When it comes to personal information, I understand that social media platforms have already bypassed it and gathered our data, but most of them are trusted, such as Facebook and Twitter. However, when we're talking about platforms or apps like this one, it's kind of strange to require KYC to cash out the money, and I don't believe that's how mining works. If they're going to release too good to be true applications like this, I think it's a good idea to demonstrate some security to the users about how everything works, but that's not happening.

I've seen that and it's across in different Axie Infinity groups. They're posting that for those folks that don't have money to invest in Axie, they're looking at that 'mining' through Pi. They lack of research and think that it's going to give them decent profit when it's ready for launch.
They don't know that this has been there for a long time and still there's no progress until when they're going to make sure that their investors or people who are looking at them will be worth it with their effort and time being wasted on it. I haven't seen in the circle of my friends do it but when I've told it to a certain group that just don't waste their time on it, they just ignored me.

They probably ignored you because they will have money to invest in some crypto, the one who does not have money has no other option than to be patient with PI or similar projects, where you do not have to spend a single dollar. Sure there is nothing, but if it works, they will be happy to get something for free.

Well, I do not understand why people are warned against something that has not been proven as a dangerous application at all, and has been running for over a year on millions of phones. If someone wants to spend their time, and it's really only a few seconds a day because that's all it takes to refresh the application, why not? If someone has a profit from it, and it's not much for a few seconds, collect free coins. After all, all cryptocurrency faucets work the same way.

Yeah, they don't have no other option but I've just given a warning because the development of this project isn't really that quick. I don't know what's with it and I don't have any idea at what phase they are. If they make money from this app, good thing but if their data are being compromised and sold by this project, we don't know what's next to them. Well, as probably all know about giving it a try if there's nothing to gone, it's only the data of those who have downloaded the app. Okay then, I wish all of them luck it's more than a year since I've been seeing the ads about this project yet no exchange.

thank you for the research and insights here. it was an hour-well spent reading everything.

hopefully, this project will not progress and if they DO, i hope that those bad allegations will not harm those million users

Could you explain exactly which accusations are you talking about?
From what I've read in this thread, someone has a problem against the Pi Network project because they misusing the word "mining", because their application doesn't really mine anything. They should use the word "faucet" for that, and that would be fine.
In my opinion, this is an interesting marketing project and the only thing users risk is spending a few seconds a day refreshing the application.

PI mining shouldn't be called mining, I know the KYC stuff is to avoid double users but all this practices isn't mining cos mining is real decentralisation and doesn't or shouldn't required any form of KYC, PI mining should be called cloud earnings or something similar not the word 'mining'.

Okay, it shouldn't be called "mining", they could have used a different word, but they used it because they chose to. And what do you think this means that this is a scam and that this project will fail? I don't understand all the confusion about that one word at all. After all, it describes the basis on which the coins are obtained.

Cryptocurrency evangelists, probably all of them with full pockets, are trying to convince everyone that KYC is the same demon. As soon as they see a project that demands KYC, they sentence it to death.

The problem is that there are people who are not rich like them and have no choice but to try their luck in projects like PI. We don't know if it will be successful, but we have no choice. We cannot risk the little money we have to buy cryptocurrencies.

Cryptocurrencies can only be the salvation of the vast majority, with projects such as PI and other Basic Income. Meanwhile, it is only the salvation of those who have enough money to risk it.

And I totally agree with you. The confusion is created because the Pi project using the word "mining" and requires KYC.

After all, from the very beginning there are "faucets" that give out coins for free. It's true that Pi Network is more elaborate and may seem complicated, but I don't see anything wrong with that. It is innovation and originality that wins on the market. I wish everyone who believed in PI Network to earn a lot of money on it.

Among the most experienced, the word mining seems a sin or a sacrilege, deserving of divine punishment. Anyone who spends 5 minutes informing themselves, realizes that it is a distribution of coins from a mainnet that has not yet been launched. It is what the specialists could call a pre-mining, which will happen the day the mainnet is launched and its number will depend on the number of total PI that results from adding the PI obtained by all the followers who have had enough patience to click the button every day, despite the continued fud as to the danger of passing KYC, and the word minting is misused by those responsible.

Leaving aside the failure with the word minting and the logical misgivings about the KYC, I suppose that the success of the project, in addition to the total number of followers that it manages to gather, will come from giving a use to the currency and at this point it will play a very important role. the Hackathon that is taking place and that ends on September 30. The success of PI will depend on what happens after September 30.

And what the development team decides to do with all the ideas that come up.

Seeing this recently on facebook groups about PI network and told to myself  on what the heck it is.  Getting coins from so called mobile mining? This isnt something  new.

They've been saying that this  coin  would be valued $100  in december? Whose bullshit would really believe on  that?  This isnt the first time we do see mining from mobile kind of  ideas.

Hope that there would be no lot  of people would really believing  into this bullshit.They are really  just  making themselves on being scammed.

People should be thankful when they see people giving them the insights that they should just stop hoping for this app and project. They've been too long in all implementations and bringing hype to this project lately. But they cannot push themselves to exchanges.
The devs have already made money from it while what they're boasting of 22 million users, they've taken advantage of those people that are only hoping that they'll get some profit out of it but they're all hoping through empty promises.

These links are worth to read/watch:

https://www.youtube.com/watch?v=4cuApSXnf5M
https://www.youtube.com/watch?v=wo_S729jJLo

https://www.quora.com/Is-Pi-the-digital-currency-a-scam
https://research.aimultiple.com/pi-network/

With just having your own common sense and knowledge you could already make  a judgement.

Remember in 2009, nobody believed in bitcoin, Infact, no body believed that bitcoin will be this big today, 98 out of 100 called/believed it was a scam, even those who owned it then didn't believe it would be this big, if they did, most wouldnt dash it out for free, most would be more careful not to loose their keys and loose access to their coins, most wouldnt sell it at a laughable cheap price to come back regretting today, the guy who bought 2 pizza with 10,000 btc wouldnt have, bitcoin would even be more expensive today if those from 2009 really believed it would be this big.

What am I trying to say?

Everything has a beginning and in the beginning, it's alright to doubt but as we doubt, we should try not to make the same mistake which those who had a chance at bitcoin in 2009 made, it doesn't cost anything to hold some PI coins just incase it turns out we all are wrong in our assumptions of it likely being a scam, I hold some PI, not because I believe in it, but because I don't want to loose out just incase it turns out a big and legit project.

My 2 cent.

i know that several apps do ask permissions to your personal details. but I dont see the necessity of it in the Pi app. maybe its just me being paranoid about it, knowing that most apps that ive used have even photos of me.

alright, il be honest, I still have a shallow knowledge about crypto in general, on how it works. I just dont want for bad things to happen.


honestly ive been planning setup a throwaway phone with a Pi app only installed with VPN, or if it possible to run it into a raspberry pi, sorry I still dont have the idea on how it will work

Pi Network lame

Now that you've updated this thread, it's a pity that you didn't write more about your experiences and conclusions about Pi Network.

From what I noticed in social media, the project is constantly evolving. Few days ago was AMA event:

https://www.youtube.com/watch?v=mG6DU7OX-7k

I wouldnt trust them based from their social media and youtube accounts its very heavily botted. If they are going to fake their activity, how much more if there is money and data involved. Its better to stay away from this project, its not very trustworthy especially when they have leaked their supporters info to hackers.

I don't trust the project but I still have the app running on my phone and days ago pi network AMA was live truth is i wasn't expecting it and the app is showing the faces of their team members now, anyways it still doesn't clear why they take a very long time to launch the project.

Are you confused? Because, why will you download and retain the app if you do not trust it and did you watch their AMA? Did they show their face live? The faces in the app might not be real because anyone can grab a persons face online and then photo shopped it with some details.

Do not be deceived by them. That tactics are overly used by other scam projects here in crypto and thankfully they always gets busted out by the concerned netizens and if we will noticed they always makes excuses to continuously delay the launching of their project. How long they have been in this space and how long they have been doing that? It is so sad that many people are still hoping that they can withdraw their tokens.

Piece Of Pi is coming back... I had a project to support the Pi network. I will bring it back soon.

https://bitcointalk.org/index.php?topic=5303664.msg59118798#msg59118798 (https://bitcointalk.org/index.php?topic=5303664.msg59118798#msg59118798)

Yes as you full post history runs only for PI project and obvious that you are shilling for this one

https://bitcointalk.org/index.php?action=profile;u=2935949;sa=showPosts

after multiple case of this posts here ? about this being scam yet you are boosting the PI network for this ..

Sorry but this stands more than what you are shiling and i will not make anything just to enter in this kind .

Do people still believe in this project, it's more than a year now if I can remember when users started to mine using their mobile phones and it is ridiculous to know that they believe that sh*t? They are mining for what? The project doesn't have explorer, blockchain how they managed to mine? is it some new kind of mining thing? most people here doesn't understand how mining works.

At some point KYC has to come into effect.

---

KYC may slow scammers down
make it real then if you think its a scam i hate scammers.

[moderator's note: consecutive posts merged]

KYC to identify users, inhibit freedom as full controller of assets. The KYC must have been collected somewhere and could be requested at any time on the basis of regulatory pressure. When you are suspected you will not be allowed to use the asset by certain mechanisms, for example your identity will be excluded from the chain "network" and even other users with whom you have transacted will always be under surveillance.

This is not how decentralization works, no different from conventional financial systems.

Exactly, and those ignorant people became all PI network users. See the post right above yours to see even some supporters without having the minimum knowledge about how mining works and how scam projects can find supporters + victims.
What interested me the most in the PI concept is how they came to scam users by just installing a mobile phone app? Does the app have the ability to collect personal info from users? If so, then it's more dangerous than scamming users funds.

I believe even in Our local section there is also PI network thread that had been posted years back ? and also there are other that comment about this not being trustworthy and questionable.

and asking if people still believe in this project? i think this is the reason why this thread was boosted because there are no other victims that entering their site so they need to Bump this just to lure another potential victims.

we need nothing in what KYC may slow the scammers instead we wanted to prevent from engaging and others to be lured by them , I mean why need to generate in that site when we can totally prevent from playing? i have couple of friends that are facing issue about their funds in dividend options from this scam site and yes the support is weak and the gambling is not fair , i tried playing and never won a single game in Poker for more than 27 bets , is this something to do with trust worthy site?

this scam Mobile Apps will not go any further , because it has been proven to not worth for the users and had been tried this but BS to believe.

try not to fall from this project or else you will lose your funds and time also.

Congrats to all Pi network believers Pi Network Mainnet is already up and running, already received mine and make a test send to my friend immediately all went smooth, All I can say for now PI network is legit the only issues about this app is from members who are saying like a consensus value of $314,159 lol this is really impossible there is no such consensus value and this will never been agreed only market demands knows what will be the value of Pi coin so lets all wait together for updates.  Explorer link if you guys want to check it out  https://minepi.com/blockexplorer

I hope it doesn't take long for OPEN MAINNET to arrive, suspicious places to spend IP are already appearing.

It is completely logical that they appear, it should not take many months for the team to go OPEN, or there will be many cheated pioneers.

An example:
https://www.reddit.com/r/PiNetwork/comments/w612jf/pi_ecard/

Previously I never followed the Pi Network since the beginning but lately the Pi Network has resurfaced after many posts on social media Facebook (groups) saying the Pi Network is the future coin with a very high consensus price that can beat bitcoin, really I never believe in those words one bit.
I started looking for news and indeed the Pi Network is a scam a lot of articles are everywhere and for those users who earn from mining on their phones it will never sell for a high price their dream is too much to say the Pi Network can go high with its consensus price, I just enough to laugh seeing them too much.

Moreover, many say the consensus value of $314,159, I just laughed out loud.

Its spreading like a wildfire on Nigeria and they offer a to good to be true richest which their follower really believe. They show that they could exchange their PI token on some merchants and other more that's why many people fall from this scam tokens.  I hope many people realize that some of this promoters are creating fake hype and demands so that there are people will believe and but their tokens to them if they are available so we need to be careful on that since I'm really sure that they cannot get any thing good on PI network.

I wonder why masses are so stupid and end up following scam yet there is an easy way out like just buying Bitcoin or Ether then sit down and wait but No, people want to follow Ponzi schemes and all these kinds of scam and then end up getting burned.

Sadly, some people can not be helped, Bitcoin_Arena. They are beyond the point where your (or someone's) help may reach.

There are many which simply do not understand the technology and how crypto works and let themselves lured by the mirage of winning fortunes over night. Some of these ones are also stupid and do not even let you explain to them that what they believe is impossible and, even more, their beliefs will lead them to lose fortunes. Some came to believe that you can mine cryptocurrencies with a phone  :o Sooner or later they will also believe they can mine crypto with a fitness tracker!

I wrote a topic a while ago - 12 years later and people still don't know to use Bitcoin nor what it's good for (https://bitcointalk.org/index.php?topic=5310500.0) -- hoping to open a few more eyes of those which still do not understand Bitcoin but they act like they are experts. I don't know if my topic actually helped any of those...

I have a cousin which, for years, calls me at each few months to tell me about the new shitcoin he found. And he presents it to me as "it's even greater than Bitcoin!". Having him as a part of family, I always tried to actually spend some time and investigate that shitcoin, in order to be able to properly explain him its risks. He never understands. Then some months pass and he calls me again -- "I found another coin better than BTC!". And so on...

It's sad such things happen but it's impossible to prevent them.

Even inside this topic, if someone would be willing to read all the posts written so far, he could see how many warnings about this shitcoin were written already... But who is actually losing precious time to read? And yes, that was a sarcastic and rhetorical question... Who needs to read anymore nowadays? Who needs to spend time and learn before going into an unknown territory? We are all experts, aren't we? O0

Poverty is the main reason why many people believe on this scams and also mainstream media showing that there are people who became rich quickly by doing nasty investments and other things.

That's why this one create fantasy for people who hopes to became rich instantly that's why when they see the same like this promising a good future to them they bite the risk and hope that their life will be change and became rich.

Maybe its good for people to be more realistic so that they will not get scam for this obvious scams happened world wide web.

Sometimes giving out  some advises is totally pointless or useless because majority or most of these people would just simply ignore those words you've said thats why i do put up into my mind that
just let those people do follow on what things they do have in mind and learn up lessons after that.If they do really tolerate their greed then just let them be because earning money is never been easy.
Just like you said that there are several factors which would cause for them to make decisions directly without considering the risk involved on it as long it could
really make them money then that what counts.

I'm a bit surprised that pi has existed since 2 years ago, now in my country it's still booming, and many pi collectors are valued at $0.5 even though they haven't been listed on any exchange, for those who want to sell pi mainet can contact me via dm to get a candidate buyer.

the rules do not allow to exchange IP for fiat or other cryptocurrencies, until reaching open mainnet.

Be careful how you make the transaction, because I don't know what the consequence would be.

I don't think a rule like that will still be obeyed as many people have been mining the coin for a long time. I think those people are willing to break the rules because they are also scared that what if there will be no listing that will happen? For them it's better to sell the coin for something than totally wasting their effort.

Maybe the consequences for doing this is that your pi account will get banned but they can care less since the coins are already moved to the other wallet and they won't mine again. Another consequence that an early seller can face is that they can get scammed but they can always use an escrow if the deals are decent.

The fact that there are buyers of PI, even at apparently low prices,
It is a good signal. 8)

I don't think those who are willing to buy now are doing so to lose money. :P

Hopefully it won't take long for the team to open Mainnet, because the people who need the money (to eat, to pay for electricity, for diesel for their cars, for their children's books, for medicine...for a new mobile) don't they will hesitate to sell their PI. :-[

They may not do it today, but in a week or two they will. :'(

And it would be unfair for the most needy to be the least benefited. >:(

Be very careful with escrows, make sure you have very good references.

I only accept mainnet pi to trade, the price keeps changing every day, if anyone wants to sell Pi can be from me. contact me on dm or check telegram @irsadagustiar

I saw some people are buying at 0.6$ to 0.8$ in my country. I am not sure why some people buy it at this high price. Most of the PI coins has already been mined and its total supply is massive. According to its supply 0.5$ is an unrealistic value but if you want to really buy at that price then I have some PI coins for you which I mined early. How do you want to make the deal?

So many people are so obsessed with this Pi project and right now some are selling their Pi coin for as high as 0.70$ I don't believe this at first until I saw it myself, its really a shame that people still can't tell the difference between a project full of potentials and one full of red flags.

In Telegram you can find several groups where PI is exchanged.
You can simply search for "pi network sell"

This week it has been above $0.50

Although I don't know how they risk buying, when it seems that they are already freezing accounts for buying PI with fiat.

https://twitter.com/PiNewsMedia/status/1558415969566937088

Today the price has dropped to $0.40, probably affected by the news of frozen accounts.

I'm in a 50/50 situation in regards to this project, Honestly, I'm one of the people who are using their apps a long time ago, and I have 40 people in my circle, they are all my friends, but since then, There's a lot of question in my mind, some are already answered but some are not, and my personal observation is, the project is so slow as turtles to implement the so-called roadmap, and the KYC too, they no good system in handling the KYC, and there's a lot more, it's all negative. But the more confusing is, why the project is on the floating status, I mean, why they don't apply it at least in some decent exchanges to prove that they are legit and the price speculation of all the followers of this coin will be cleared.

FINALLY, THIS COIN ONLY HAVE IS A SPECULATION.

We cannot track mining results from PI coins, only we can track PI transactions using PI browser. I don't understand if this project really works. I've been mining it for a long time. Now I have a PI of approximately 280. In the KYC check a few months ago, I was also a team validator for my country's territory, and received KYC for several people who did KYC at that time. The amount of PI I get is still very small because I don't do it regularly. However, to be able to make transactions, each user must verify their phone number.

try opening my old account and accessing the pi network, as long as there is profit I will struggle, if you wish can you PM me any group link (telegram or facebook?) that is trusted at least can escrow with this bitcointalk forum? I have some mainnet coins pi network.after kyc.
I'm looking for a good price for anyone who wants to keep it. The issue that occurs anywhere is how a person's perspective assesses a project that is legitimate. I don't expect much at least to be there to pay my debts in the past from the necessities of life. If you have information please share bro. thanks

Hello , a long time ago i also install Pi mobile application and start mining Pi  but then i changed my phone and unfortunately i forgott my PI account password, Now i want to recover my password on new phone , so i tried, according to instructions, to recover your password you have to sent text to international given numbers but after sending text to that given numbers i got no response.
Can you please tell me how can i recover my PI account?

Merry Christmas to all of you Im free today so lets get some news
Still doubt about PI Network? Updates below 
1. Pi is up and running on enclosed mainnet right now link: https://minepi.com/blockexplorer
2. Pi nodes stats running almost 45k is up and running : https://dashboard.pi-blockchain.net/
3. Listing updates: Huobi listing announced - https://www.huobi.com/support/en-us/detail/64926349973990
                            https://xtsupport.zendesk.com/hc/en-us/articles/13899537395993-XT-COM-Announcement-on-the-Upcoming-Listing-of-PI-Pi-Network-
4. Some articles about PI here: https://twitter.com/BSCNews/status/1607572001740169216
                                              https://twitter.com/BSCNews/status/1607451448404475907
                                              https://twitter.com/BSCNews/status/1607441372524736512
                                              https://twitter.com/BSCNews/status/1606077228005072898



PS: I try to sell some 500 Pi on black market 2 months ago sold @ $0.27 per Pi, not bad. Looks like some whales are accumulating PI heavily.
      @OP: I think you need to change the title of this thread to: "Im wrong about Pi Network"  ;D 
      Pi open mainnet is just around the corner who knows this coin will list on Cex before the EOY.
      LUNA and FTT no one said scam before and today a very big disaster to crypto space Pi network tag as scam by many members here but still alive and kicking, see yah.

any bets on when Open mainnet will be released? I was told in another forum that it could coincide with the next Pi day, in March/23.

If it were in March, it seems that Huobi's announcement is too early.

The ones at XT.COM have listed PI.

As everyone imagines, this list has no official endorsement.

https://www.xt.com/trade/pi_usdt

https://coinmarketcap.com/currencies/pinetwork/markets/


HUOBI has also listed it today.
https://www.huobi.com/support/en-us/detail/84926622541921
https://www.huobi.com/en-us/exchange/pi_usdt/


At the moment, Core Team's response seems to boil down to saying that the IP being exchanged is not the official one. (Something that happens with all cryptos on a centralized exchange)

JP-EX listing
https://blog.jp-ex.io/en/pi-token-listed/

https://jp-ex.io/en/transaction/crypto/PI_USDT

Amazing 12 CEX exchanges listed PI Network https://twitter.com/Gavinz212/status/1609691326572027904 and this is not yet approved by Pi Coreteam since its currently in enclosed network, Im very positive that once open mainnet goes live PI will be listed in more exchanges, but I dont know why this exchanges are too eager to list PI network? Some Chinese Top millionaires also interested on buying Pi coin owner of Bitbank wants to buy 10m Picoins https://twitter.com/ChandlerGuo   

^
I don't think that they really have plans of listing it on any exchange, they've stated that they're not going to list it somewhere else. And while they're parked and quiet, these opportunists took time to make a token that has the same name as PI so that it'll be hyped and those that have mined it will think that it's currently listed on any exchange but it's not. Whoever has become interested in buying it, be ready that your pockets will cry later on. Don't FOMO on this one.

This PI thing, I dont know how legit it is , but what I heard was that once they launch it a Pi will worth more than a hundred dollars, which is really huge , I have a friend that has gotten up to 15k pi and he is still mining,  but I don't see it happening in the nearest 4years
My opinion sha, and some people have problems of KYC , many have stopped mining while many are still mining,

It's been years since this project launched. It's not worth your time and just like your friend, it's a false hope that he's leaning on. Sorry to say but they should have proven themselves a long time ago but they didn't. Accept the fact that they have no actual plans of being in exchanges.
Don't be fooled by where the pi token is listed now because it is not even withdrawable and deposits are disabled and that's not the token that you think you can earn that much. Whoever that are involved with this are just playing the minds and emotion of everyone.

My friend has a 1k Pi Network and imagine if what has always been touted happened then he would be able to change his life very drastically from having difficulty making life necessities to being a person who could buy houses and cars if he could sell them at the highest price in December last year, but it's an illusion and a dream that won't come true, you should check on CMC even when searching for Pi Network you will find a warning notification about this coin, because the current price is only the price of IOU's token.
Regarding KYC will be something that many people will fulfill because they are tempted by profits because they think when they are actually traded the price will be as high as it is today.

I have been mining Pi for over two years.  I haven't done KYC yet.  I have pi 1200+.  I hear from many people that its future is very good.  Many people say that it is a scam project.  If it is listed on an exchange sometime in the future and its price is 100$+.  Then the wheel of many people's lives will turn from here.

by the amount of PI there is,being optimistic, I bet for $10 maximum (when it officially goes to an exchange),
if it's worth more, better, but it will be very difficult.

Unless CT looks for another invention so that people don't sell at the beginning, as has been the issue of the blockade.
For example, there are people who have only been able to transfer to mainnet the PI generated by themselves, not a single PI from their referral team,
which, according to the app, are pending calculation.

Therefore, it is possible that when open mainnet is launched, these PIs are not yet calculated, and they may be a very high percentage of the total.

CT announces that it has nothing to do with the Huobi IOU listing, however, it is benefiting from the interest PI has aroused since Dec/29, with the PI IOU listing trading above $100:

• people who had abandoned, now hit the button again
  
• people who had doubts with KYC, will now do it blindfolded

The price is that high only because PI is not yet unlocked. I advice against doing KYC. As soon as people will be able to sell price will dump below 1 cent. 10$ maximum? Its 100x too much.


3 billion supply per year gives us 9 billion per 3 years (thats how long this project exist?). At current 100$ per coin on huobi its 900 billion $ in marketcap - 3x more than bitcoin. if Pi is about to be in top 200 cmc (~100 mln $ marketcap) we can calculate price of 1.1 cent.

I've read the same thoughts years ago and until now PI is still not yet on any exchange. And looks like they really have no plans at all to list it based on their website. But if your words become reality then that's good for you and everyone who holds it.


I've already said those that are hopeful with it, much better to decrease that expectation.

thats because real listing of PI coins means fair evaluation close to 1 cent or lower and the end of KYC and sensitive smartphone data farming for PI network team because 12$ per 2 years is way not enough.


I think they even paid for listing. 3 mln $ daily volume on huobi is not something exchange will fight for creating IOU on its own just to allow fake trading (trading without real liquidity). They paid for listing just to create fake price and make:

And I don't think that a "real" listing will even exist on their end because it's been years that have been there but nothing really happened.

They're claiming that it's not them that has listed it but yeah, more also like a hype and marketing on their end so the possibility is there that they've made this gimmick.

Pi Hakathon is now live from Jan. 09 - Feb 28, if your a developer and want to create amazing apps in PiNetwork ecosystem its time to show your creativity Join now and win amazing prizes worth $30k https://pinetwork.hackerearth.com/#overview  user team registered count 1847 looks like a lot of developers are willing to contribute in Pinetwork I will give a good laugh at OP if this coin went live on top 10 exchanges very soon stay tuned. 

So this Pi network ends up on having a value.?

I do tend to check on CMC and found this

There have been reports questioning the legitimacy of Pi Network. Please note that mainnet has not launched yet and the price displayed below for certain exchanges reflect the value of the IOUs and it may not be transferable across exchanges. Read more here and DYOR.
Source: https://coinmarketcap.com/currencies/pinetwork/

So this value reflect because of that IOUs? So it do smells some fishy on this one.

Pi network is denying this listings as Pi coin  is currently in closed network its on exchanges decision to list this token btw who on earth can call Pinetwork is scam where its current hackathon joined 4,325 developers around the world https://pinetwork.hackerearth.com/

please anyone can give a summary that i start using their app or this is a scam.

why i use pi or why i don't use pi?

PI network said 20th june 2023 will press conference and its faield. Now said 28th june will go main net. I can say they the huge trap and scam coin. Look their apps on google play store. The apps contain ads which is they are getting paid from google ads. 50 million installs until now. Compsre to other legit aapps none is contain ads. Example binance, coinbase, gemini etc.

Finally somebody said it.

Many are still blindly hoping and even worshipping this PI network/token. You guys know better than this and it's been a long time since this trap has been set to everyone.

The others don't mind sending KYC to them in hope that they'll get the tokens that they're having. Hopefully a huge influencer will close it down and will expose them more.

The weird things is they said decentralized but asking KYC, fully nonsense

Yep.

I hope that more people will recognize this bs from them. It's not all about the profit that people are thinking anymore that's involved on this but it's the effort and time that they've spent into thinking that something will be fruitful on it.

Everyone makes mistake and it's not too late to recognize the mistake that the others did into thinking that this token is worthwhile.

Everyone  in my community and my brother is using it and promote them in my local facebook community I dont have link to it there is person who buy a rice with Pi Network like bunch of it. Since it listed on Cex I dont know this going to end

Cex with 0 volume trading ? 😂😂🙈

Although i have not seen this myself physically but i have seen pictures of different merchants around the world accepting pi in exchange for the food items mostly, i was amazed by this but i can not say how authentic those image where, but i have seen a couple of them online and they look pretty convincing.
Until the pi network have eventually get listed on any of the exchange and the mainnet is launched i think many people will always have doubt about the genuineness of this project.

Yeah if look at the goolg there is some sort of website that dedicated to sell stuff including car using Pi Network the website is in indonesian language but you can chek it here - https://okuselatan.disway.id/read/639474/mobil-mewah-di-paixing-shop-hanya-dihargai-35-sampai-100-coin-pi-ingin-lihat-kelik-linknya-dibawah-ini, Last time I check Bitmart has listing Pi with crazy price and now are down 90% and COingecko said "Please note that the mainnet has not yet been launched, and the prices shown on certain exchanges are for IOUs that may not be transferable across exchanges. Please DYOR and proceed with caution."

I still dont know why there is 2 exchange that listed this coin are they get paid a lot to listing the coin

The media link you posted is not mainstream media. Which is anyone can make the articles without the fact. Everyone can pay someone to act somthing thats looks legit but actually it is not

As the promises 28th june is mainnet launch is still on dreaming. Ahain and again failed lmao

Everything that they'll promise is just gonna remain as a promise. People that have high hopes on it shouldn't break their expectations when it's actually a failed project because nothing is delivered but the people who are interested on it are the ones delivering things to the developers of it.

Those that are listed are IOU and not really the ones made by this team but likely exchanges team made them to ride on the hype and they can make money from the people that are too gullible on this project.

It's now being investigated by vietnam's regulator

https://bitcointalk.org/index.php?topic=5458944.0

Someone has been posted the latest update regarding pi coin. It seems like that pi coin has been paying attention from government and police. I think that all of team members gonna be investigated by the police.

It's a good step for police to do that. There are still many stupid people who keep defend this scam coin.

Yes I heard this news yesterday, it's good that the police finally moved after all this time, the Vietnamese police are very heavy footsteps.
They should have moved much earlier, but that's okay.

It's much better if the Vietnamese authorities are going to coordinate with Interpol and other countries police personnel. With that, it's going to be a checkmate for this long running trap that has being defended by its blind followers.

I am feeling bad for those gullible people that chose to defend this coin even if there's the obvious and news like this have already came to them.

They don't wanna believe it and only wants to believe those pictures of gathering with people wearing tshirt of its logo. It's not even telling a significance that this project is legitimate.

Its been already too long and been that a while that this had been known to be a shit coin or scam project at all considering that it doesnt really have that own blockchain and still continuing on having that mining and people who do manage out this scam coin do really make people believe that this is something a project that would really be having that kind of value later on and making people believe that it is really worth of their time on
engaging.There are even post that having those that selling out their PI even though it doesnt really have no value at all.

Its true that whats the real usage or utility of this coin? Arent really that too dumb when it comes to make themselves blind about on how blockchain works and what projects considered
to be that legit? If this one is legit then they had long time already listed out on various exchangers and not really that having those false promises out being listed or launched.

And still there are people believing on their shit and I wonder why they still believe on false promises of the devs since none of those came true. If they just be vigilant for sure they never participate on their platform nor even try to hype other people since they are making the dev rich by using their platform and those other people who want to take advantage with newbies. Much better for them to be more realistic and avoid believing on fake promises created by this kind of devs and always do their research before taking into something.

I think the main reason is that there are big promoters on Telegram channels, or Twitter...etc. who are promoting them so far despite the appearance of all these lies. Maybe they are getting profits from these scammers so they keep giving people promises even now.

Also, users who have accumulated large amounts of these fraudulent tokens are hoping that this news is false so that their efforts and all those amounts they have collected will not be wasted.

There will always be a way to deceive people, especially people who did not have basic digital literacy. In this case, even some cryptocurrency users are not even aware of why this particular project has been proven and had a track record of deceitfulness.

One thing I know social media is not their sole channel to spread this project, but they also involve real-life user acquisitions. I do encounter that some people who lack digital literacy are aware of this project and at some point in time are offered to install the application with a promise of easy money. So obviously there isn't any lack of people left that will be offered and invited for this case.

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.

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. Maybe some other countries will also start targeting these scammers.

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.


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.

This is true, but big winnings come with small steps. Similar, maybe it seems without much importance the fact that El Salvador is the first country deciding that BTC is accepted as legal tender, considering that it's a small country, with severe economic problems. But such a movement may determine other countries to do the same step. Coming back, maybe other countries will also decide to take legal actions against Pi Network. Maybe some Asian countries will follow this example. And then, if multiple Asian countries will start such actions against Pi, then countries from the rest of the world may follow.

I may be wrong, but I believe that the initiatives against One Coin and BitConnect were also taken with small steps. The important part is that authorities did not stop and they pursued these scammers until, eventually, they managed to take down these networks (or, at least, they managed to do it almost entirely).

There were many users vocal against such scams and many topics were launched on various forums, for trying to help those naive enough believing in such scams, but all these were not sufficient. In such cases legal actions taken by authorities are really needed.

Yeah, i do remember about that Onecoin scam coin too on which its value keeps on increasing as lots of people would be buying it but these coins doesnt have an actual blockchain or being that listed on any exchange

on which it is really just that too absurd that there are people who do believe with these obvious scams and trying out to get themselves blind just because they are seeing that they would make themselves rich?
Yes, it cant really be that avoided on having that kind of feeling and the positivity on which it could create or make because on the time that you would see that you could really be able to have the chance on
reaching out that state then you would really be making yourself that blind and even the worst on making yourself get dumb despite of those obvious red flags.

For sure on the time that legal approach and actions would be applied into its founders then i wont really be surprised that one day they would just vanished out in thin air and would be having
those investors money and leaving them all behind and laughing and having that a good time with those stolen funds.People never ever learn with these stuffs and still continuing to deal up with it.

Such unfortunate situations happens many times, as very few people actually understand what a cryptocurrency is. This is also the reason for which governments try to make people believe that their CDBCs are cryptocurrencies (https://bitcointalk.org/index.php?topic=5212133).

Many people simply don't know that a cryptocurrency must have a blockchain, must be issued through mining process and the mining process should be very difficult, in order to make the coin hard to obtain, thus making it scarce and offering it some value. Those which are not educated in crypto are looking for quick profits and have no alarm trigger when they hear unbelievable profits. They simply believe they found the cornucopia, the golden goose, however you want to call it. They are too greedy and naive, at same time.

Some of them also believe in mining with mobile phones (like the naive fans of Pi Network), without thinking that a mobile phone is simply unable to offer such computing power in order to mine a (real) cryptocurrency. Okay, in theory you can mine BTC using a pen and paper, but that doesn't mean that anybody is actually doing that, as it would take the age of the galaxy until solving the calculations necessary for a block. And be sure that, if some other scammers would come up with a coin promising that it will be possible to be mined with a smartwatch or a smart band, there will be many naive enough to bite this bait.

Lack of knowledge and lack of in depth research would really be always the case on why they would really be ending up on losing money just because of that ignorance that they do have.Its impossible that they wont
really be able to read up other users warnings and cautions of a certain project specially if its a scam because if they would really be tending it to ignore then they would just basically putting themselves on huge risks.Somewhat people never ever learn until they would really be able to experience unfortunate things on which it would really be just that a common approach that there would be projects who do promises out big value or something that pertains about huge profits or income and this is the way that they would be decieving people to invest more specially on this PI coin scam which is obviously a fraud.

Surprisingly, there are people who do turn out to be that interested with this and keeps dealing with it and having the hopes that they would be making themselves rich which is really
that totally absurd.

It's hard to accept the truth when you've committed a lot of time on it. Well, time means money so that's a lot of wasted both of it, time and money.

While many were saying that people shouldn't expect anything on it anymore and those discouraging yet truthful words. Still, they're just trying to get something out of it and maybe they can.

I keep seeing a lot of ads on it on social medias and the people that are seeing it are still hopeful that it will be something. Sorry but not sorry to them, they're just wasting time on it.

The thing is they haven't launched it, so you can't tell if it's scam or not, but I have a friend that have passed his KYC (Know your customer) and have transferred his transferable pi to his wallet,
I also have a friend that sold his pi to someone for a huge amount of money, and was still looking for more to buy, so I think if pi will be something big then that will be in years time, and not definitely this year or next year.

If the network has not launched for that long, shouldn't that be enough of a red flag to show you that this is disaster waiting to happen?

At this point, I am not sure how many people wasted their time and resources with a promise that they would become “rich” through pi network and yet today, it hasn't even launched after several months of waiting. I believe some have already cut their losses and given up

My hypothesis is that core team, like other projects, is waiting for the fomo of the bullish cycle that theoretically comes after the halving. Other projects seem to be waiting for the outcome of the ETFs, before January 10, to see what the market does. It's a real mystery, some talk about selling in the news, others about ATH pre-halving...

That's pretty sad if it managed that they just sold data about the people who trusted in this Pi network. It's just not gonna work, you know? I do a lot of people asking to "buy" the Pi they have generated but all I see with it is a possible scam.

I see people selling their pis but no one is interested on buying them, where it is actually listed and are there real market on it?

IIRC, there's an exchange that made one copy cat of it for it's trending and that has became popular for a while but it's not the actual pi that these people are mining but it was just an exchange made token with the same name.

Well, with that exchange, it has able to manage to ride on that hype and made lots of money.

It hurts now knowing later after 1226 days. Nearly 16,000 coin https://i.ibb.co/VVTrcj8/Screenshot-20240121-134856-Pi.png (https://ibb.co/9nWzk8j)

1226 days later know that it's a scam? Can you elaborate more about what hurts?

Maybe they realize that it hurts waiting for so long expecting to get rich by this project but it didn't happen. For long time Pi network project always been hype and been used by those people who want to take advantage on situation. Its better if those people still hoping for big profits they can get from this project is to forget about it and spend their time on other valuable project since there are more better than this. For this long they should know that there's no hope for this project to became more bigger since they can't see anything became reality that's why its better to move on before getting hurt so much.

Actually i see many non-crypto playing pi network as their hope to get rich.
Dispite i know it's a possible scam but there is an opportunity to earn money because they have alot of crypto newbie in their community.


i believe people start buy and sell those pi network around 0.3$ each in social media.

I don't actually know when the pi project started but I can remember that someone sent me a link somewhere 2020 even before I knew this forum. I mined for some weeks but was not comfortable with the project and the stress to visit the app every 24hrs. As at then, I do not know much about cryptocurrency, but with all the promises they made, I still had the gut to uninstall their app because I thought that their main goal was to program my mind to stick with their app and that is why they had to ensure I open the app and mine atleast once every 24hrs. I had been controlled and being stressed, that was why I uninstalled it.

This reasoning is faulty. This thread was made 2020 and this 2024 and the project is yet to be listed in any known exchange. Ok, you mean if they don't launch till 2030, we shouldn't conclude that it's a scam and maybe wait till 2050 when they will launch?
We can continue counting from here
  https://i.ibb.co/VVTrcj8/Screenshot-20240121-134856-Pi.png (https://ibb.co/9nWzk8j)

The opportunity is on the team and not on the users. Just as the same when the time that I've said on the quote, still, what's the progress? If there's any progress then that's good for the hopefuls of it but if there's none, they need to start thinking of what's the right thing to do.

And that is to just dispose and forget about it because their hopes might shatter when they see the reality of it that the opportunity they're hoping for of becoming rich through this project.

Well, it's their time being wasted on this one so if they're holding on and waiting for it to get some value, wishing them luck but hoping that they'd knocked by the reality.