Bitcoin Forum

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

I have been using this app for 6 months, the progress of the project is not that fast but i have faith that this one will be worth my time in the near future. I am wondering to buy some but there is no speculations on how much it worth even not yet on exchange.

Share your speculated value of Pi so i can have an estimation before buying my friends Pi.

the value of something is based on supply and demand. it is obvious that there is no demand here.
what is your opinion, how much can worth something that is given for free, for nothing? Yes, it's true, nothing. If a lot of people get something for free, it's obvious that is worthless.
The Pi story going more than slow, and originators been pulling miners^? nose for years, promising many things. in the end you have the app with some worthless tokens there, where they collected your personal data to share more precise advertisements.

Compared to bitcoin they started the same with no supply and demands, they are against each other in terms of decentralization.

I get your point on collecting data information, but the only data ive seen they are keeping is my name. :)

Thank you for responding!

Is Pi listed anywhere? Afaik is not, please correct me if I'm wrong.
So for now people rely on promises and wishful thinking.

As soon as Pi will get listed the price will go down, because many have "mined" it and many still "mine" it because that doesn't take resources (so it's more like an airdrop than mining).
And why would anybody buy Pi if they can get that by installing an app onto the phone?

Not only that, it doesn't exist as a crypto.
Practcally it's shit. There are some Standord names thrown around, but that's about it.
My bet is, they're gonna say at some point "oh this was just a social experiment" and say thanks for the free user information and all the money you made us watching ads

What about KYC? is it not mandatory or is it only recommending to pass?
you all use a mobile app to mine Pi (even if there nothing similar to mining). You give this app permission to have access to your mobile device, where it can very easily pick up much more data than your name. but I guess you already know that.

I am surprised that they did not take advantage of the DeFi moment.

Beyond the benefit of referrals and all that goes with this project, can someone please give me an in depth insight of what this project is all about. I seem not to understand what exactly they are trying to solve in the real life.  The value of the token should be determined by the market and not by community.

After 6 months you only accumulated 500 pi? I can see you didn't really care for "mining" ...
When it comes to predicting the price, it is extremely difficult ... I ignore the fact that in order for pi coin to have any value, the project must be developed and the promised platform that connects amazon, facebook, ebay and whatever must eventually come into living.

The difficulty stems from the fact that we don't know what the total supply is. Developers claim that there are already over 5 million users, so if you believe them, the daily supply can be even at the level of 100,000,000 coins, so the monthly supply is several billion...

I have been introduced to PI by a youtube FOMOer that is worth a while. So yes I have been mining for more than a month, and I do not know whether it is worth anything, but I will keep mining.       

Then what is the KYC that we seen in your screenshot they are not requiring KYC?

Since this one for speculation for that token i suggest to move this thread to Altcoin (speculation) section that's the right section for this kind of thread.




I saw on social media that some store accepting this currency  as payment but I don't know if its real or they are just using this to make hype with this project. I remember some project that use the same strategy before but they are now scam.

How could it be? This PI token cannot be withdrawn from APP and cannot be traded yet, how can it be used as a means of payment, is it possible that it is another PI token?
Maybe you can share a link about the social media that you mean

I don't have any reason to say that Pi network is getting progress because it's been more than one year, if I am correct and their cryptocurrency is not listed on any exchange, I still don't understand what pi developers are trying to prove If they're really confident with their project then they must make further steps or they're happy with the ad earning of pi application.

Thank you for responding, I think its one year or more, I do not know why the progress are slow,  Its okay for me to let it mine,  I am not assuming any value for now. Perhaps time will tell how its value may turn.

Seeing that the PI community is large enough, the PI should be able to rise and become big if the dev intends to make the project have value, we'll see how the developer works.now should be the right moment to launch PI to the market

I just realized that PI Network's Twitter account has been verified, this shows that this project is serious even though it looks slow in progress. if you haven't followed the PI Network social media account I suggest you to join immediately so you don't miss the news.
https://twitter.com/PiCoreTeam
https://www.facebook.com/PiCoreTeam/

waw I was surprised that finally they did KYC and they started to enter the exchange, fortunately I have several Pi that before I thought this was a futile project

I got in a bit early so I managed to gain 800 Pi after a few weeks only but I gave up just doing stuff like that. Good luck to you and I hope it works out but I do not see any value in something nobody participates in. If it goes up I get my 800 Pi to trade so of course I hope it moons who knows like those silly Oyster tokens;)

I am also supporting this kind of mobile mining but I don't knwo when will be changed on exchanges. A token without exchange or application for me has no value, I hope that in the next months something change as with ETN

 

    After ETN we have several other mobile mining projects, Pi and Phoneum are one on of them. I participated in all of them
and results are not good, maybe people with several mobile phones, with many referrals can make something here, but
doing it on your own like I did make pennies in months of using it.
   From ETN mining I have like +2000 ETN, maybe they will worth more one day, they are doing something and upgrading
their project, so who knows.

I join this app last year and now get more than 900 pi, and yesterday this app have more than 8 million member, i think its good project but slowly with progress..

really ? what about btc and eth , i thought these two are the best and theres no more after them but it s strange that you praise a new coin like this as the best among the rest . this coin is not listed on exchange and what if it wont ever be ?

success of the project doesnt depend on the twitter or if their account is verified or not because you wont know what if they buy followers and pay to get a verified status . theres also projects that have failed on the past despite of having a legit followers and a verified status .

Me too, I have more than 1500 pi but I don't know when I can change them or use them for something. If they will never have value I will stop to mining PI and waiting for dump. With Electroneum I was very lucky , I started early

As i seen till from mining from any coin at the beginning of 2017 to 2020 and i never seen an any fake coin get any appreciation from people and gather a huge number of token mining and they scammed if there were any anyone can let me know i might miss but PI i seen til now very good and trusted coin for mining and there is nothing to loose by investing i seen. So, this is the best way to earn a goof amount of money when they get listed on exchange and transfer your coins and sell it at good price and transfer the fund. What you guys say!

This Pi now have Node version v0.3.4, this version is able to run the blockchain and enable selected candidate to follow the Pi testnet blockchain in real time, i think its good progress when testnet success then mainnet and i hope exchange will coming.

That Pi node news were developing 7 months ago and its now built, I dont know why its slow perhaps because of lack of developers. I notice one of their AMA and amused that their supporters are huge! Is this like a pyramiding scheme like past scams?

don't rush to conclude that this pyramid scheme is even a scam, They haven't sold even an ICO all this time so it's not a scam 

agree with you, i dont think its a scam. Yes the progress really slow but i dont lose anything to join this project...only install app and press button once a day.

It's true, bro, joining this project has absolutely nothing to lose, anyway, it's so easy for ordinary people to easily understand it and I myself have gotten a lot of referrals, hopefully by the beginning of next year this token will be listed on the exchange.

Why people believing in Pi Network. I saw their marketing and heard that they are marketing more than 1 year. But still now didn’t added any exchanger. I don’t think its a good coin and I have no hope in Pi network.   

I think many people are too optimistic about Pi Network, even though the development is very slow. Indeed Joining Pi Network has
absolutely nothing to lose, but within a year it hasn't been listed on any exchanges. That's not a good thing, I find it a waste of my
time expecting from a project like Pi Network. Better to focus on DeFi projects that prove to be more promising.

for myself also not interested in the pi network. I think the pi network is difficult to develop. we better look for other projects and focus so that we can benefit from what we do. lest we waste our time in vain. because the truth is time is money and with a lot of money will make us rich.

You don't need to worry, because PI Network doesn't force anyone to be interested in it. anyway PI Network doesn't take up our time, and we don't have to bother thinking about it, we just need to install the app and hit the mine button once a day.

When a guy says best ever coin these days,,, it is an auto flag for me. I actually saw Pi and like it a little,,, but the fact remains that because of their model of recruiting they will have majority moonpeople and wenlambo guys,,, and #bestevershitcoin.

Verified on Twitter means something, but it is just people and reputation. Nothing to do with if project will succeed.

everyone is free to say that this has no future that's your right, but if you say it has been 1 year not registered on the exchange you can compare like FILECOIN which has not been registered that made sales in 2017 and you can get more examples of their POLKADOT build 2017 but they released in this year more than 3 years it all have to pay while the PI network you don't have to pay and get it for free

The network of this coin getting big and hope this will list on exchange very soon with a good price level and don't make it scam coin like some of coins recently the community is might big if it's get a good benefits from their mining. I am holding and hoping for this will be successful wish for the best. Let's see what happened. I was mining for last 5 months+. Good luck Pi!

There is no demand of this coin yet because its not yet listed on any exchanges, its hard to speculate. But lets see where these stanford people take this coin. After all the market will decide of its fate, its too early to judge but to be fair they are very well connected to their community by giving updates and development.

Appreciated your respond, I do not have something to lose, I am interested in their vision. I will not buy Pi from my friend and rather wait for the development and listing of the project.

As far as I know this is a "shit coin". Can't even call it a shit coin since the coin doesn't actually exist. I mean no one knows what's going on in the background. We can't even see any mined coins since there isn't any explorer or anything. The whole Pi coin is a scam probably mining user data and selling those data. You did a huge mistake giving them your information during KYC. Who knows what they are going to do with those.
Google Pi coin scam and you will get to know better why they are likely a scam coin.

Anyone try node mining for this PI in computer? i try but minimum requirement for mining its window 10 or above. I see this platform begin kyc for 100K people first, i try to verified my phone number but system is busy and not verified again

at least they Read this first about this PI network thing

https://bitcointalk.org/index.php?topic=5237735.0

and perhaps they will clear their names?

Social Media is just a BS in regards to success because the true success is from the team itself and the product or service they are offering.
advertising is just there to help.

I'm trusting this project but I'm not so sure.


I'm not sure if KYC is mandatory to be able to get the mined PIs that has been mined everyday. I tried commenting on their forum-like section on their mobile app but I don't get any valuable answers.
I do not prefer passing any KYC to anyone, even they do have a good trust right now, I've read that a third party will be the one who will be managing the KYC forms that has been passed by the users.

They did not took advantage on Defi since they have their own set of goals written on their whitepaper.

 :)  I was also a few months into the Covid19 pandemic, joined Phi, and didn't know if this would continue. I haven't checked the app since my smartphon device went off and replaced it recently. If anything I also have a story about 300 Phi. Thank you, and I want to check after creating this status.

they started to set KYC I don't really like this because data is very important, I hope that is not the last solution to oblige all with KYC

I also hope this project will turn to be succesfull, as also I have installed the app and mining it. Let us just hope it will have some value hopefully whennit hits the market.

For me, it's like gambling investing on Pi Network, because at the moment there is no news which Pi Network will list on which exchanges.
Indeed, these projects could be profitable in the future, like Polkadot, which took 3 years to feel profitable. Everyone is free to choose,
because if you believe in Pi Network projects, please just invest. I stick with my decision that Pi Network is not a good project.

The free Pi network doesn't make sales like an ICO, everyone if you want to join just by downloading the application they don't need to pay so what you say is gambling or investing then you don't understand what Pi network is

I feel confident with pi, because the community is active all the time and many people supports this project. The network has stable mining nodes, that's why there's a growing numbers of miners who's interested to join their app. PI environment is user friendly, so every user has no problem dealing with it for such long time and it doesn't affect the performance of the mobile phone because the operation went so smooth as well.

and no good answer in some issues thrown to them,they are also claiming to be the first mobile mining apps in which there are so many apps
 started even before they exist and all of them are just BS and nothing brings profit to miners who tries their site.
So you are another victim?

https://bitcointalk.org/index.php?topic=5237735.0

If you are not aware then better check that thread for you not to become trapped as what that thread says .

its value will be 0.01 dollar.
all miners want to sell what they have. but there will no buyer. because coin isnt useful

I also see that way it's a mineable centralized coin but so many people are on it, I checked my cousin's account and you need to claim your name and of course do an extensive verification before you can claim what you mine, I would not do that I prefer buying it cheap in the market because I'm pretty sure that there will be people who will be too eager to sell.

and questionable ,there are many issues PI network is facing now and yet no concrete  answers from the DEV

https://bitcointalk.org/index.php?topic=5237735.0

this one is from April up to now.

https://bitcointalk.org/index.php?topic=5093271.msg54283953#msg54283953

and in this also.

So i don't think there is a Good future for this one for now, unless they will come out to clear everything.

Who has a vision of what this project is like? For me, at this stage, this is more of a social experiment, where the goal is not entirely clear, the technology, to put it mildly, is far from blockchain. Maybe the company is just collecting phone numbers, private data to build a global network of users and test the theory of "six handshakes"? :) Any other assumptions about the real goals of the project?

My own assumptions is not quite far from yours mate, I've thought about this several times, until proven otherwise, pi network for me is a total joke, with 10s of millions of users worldwide mining pi network on a daily basis, I wonder what  the price will be like when or if eventually, it's get listed on the exchanges,
I totally agree with you that pi network is just a social experiment until proven to be a serious project that can actually solve some problems in our society.

The team from Standford and the huge promotions across social media are the main factors that make the PI network so popular. The Standford-based popular team faces promote hardly this project and they have more than a million active users. I have tried to check the Android app and downloaded the PI app for further analysis. Applying all information they learned through analyzing the competitors requires hard work but it looks like PI team has achieved this level. Let's see what the future will bring us.

They are just fooling people by asking them to bring more 'Pioneers'. It is good that they do everything after asking the community but their token looks a big flop in future if they are going to continue what is going on in their app.

And how do they fool people? They did NOT PROMISE ANYTHING, they did not take investments, they did not promise financial benefits. They just launched a project in which, at their OWN WILL, anyone with a mobile phone can participate. I participate out of personal interest - how will it all end or what will it transform into? Since the project in terms of its scale is probably one of the largest in the history of the crypto market, and has some "mystery" :) In a word - no fraud, an exclusively social experiment that can potentially develop into an interesting crypto project. Or not :)

If you think they aren't fooling people because they didn't take investment from people or promised people anything, also put into consideration that they require all users to pass KYC (that submit our personal data/information) to be able to withdraw their mined pi coin when the time comes, whats the guarantee that they aren't selling our personal informations like emails, phone numbers, IDs to other companies for money??
We never really can call this totally legit just because they didn't take investments, they might be earning their money by selling user data.