Pi Network value speculation

[Eureka_07]

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

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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.

[Dinda mayasi]

   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.

[seven.71]

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

<snip>

<snip>

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.

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

[gazilla]

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.

[Shasha80]

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.

[seven.71]

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

[senyorito123]

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.

[Reatim]

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

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.

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.

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 .

[edandrada]

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

[Saisher]

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.

[Fredomago]

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

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.

[DrBeer]

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?

[Fivestar4everMVP]

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.

[seleme]

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.

[2double0]

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.

[DrBeer]

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

[Fivestar4everMVP]

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.