PI Network! A huge trap[Warning!]

[bias]

Yeah, that's the best that he can do for not supporting and listing it. But on the side of PI, they'd probably rebut and might say who needs an exchange that can't even protect themselves from hackers. And as for the supporters of it, we can only wish them luck and if they're able to make such money then that's good for them.

Well, if they know the story of this hack, they will understand that it isn't an actual hack since the attackers didn't hack/ penetrate his exchanger. He made a terrible mistake by not confirming the address on his wallet. In any case, all the supporters of any coin need an exchanger, and when it gets listed (especially in some 1st Tier CEXs), it gets more recognition and a substantial boost. As for the supporters, we indeed wish them the best (and to all the supporters of any "coin"), but statements like "The new BTC" etc, it would be better not to be done. But you know, all the sc supporters said some pure jokes.

Only time will tell.

More than true.

[illanz]

i even tried this, i used my two phones to mine but result all i gave up, asking kyc and many things. i want use them again.

[passwordnow]

Yeah, that's the best that he can do for not supporting and listing it. But on the side of PI, they'd probably rebut and might say who needs an exchange that can't even protect themselves from hackers. And as for the supporters of it, we can only wish them luck and if they're able to make such money then that's good for them.

Well, if they know the story of this hack, they will understand that it isn't an actual hack since the attackers didn't hack/ penetrate his exchanger. He made a terrible mistake by not confirming the address on his wallet. In any case, all the supporters of any coin need an exchanger, and when it gets listed (especially in some 1st Tier CEXs), it gets more recognition and a substantial boost. As for the supporters, we indeed wish them the best (and to all the supporters of any "coin"), but statements like "The new BTC" etc, it would be better not to be done. But you know, all the sc supporters said some pure jokes.

Dudes became crazy if they start talking like PI is the next BTC. Like, yeah sure let them enjoy and have fun while the craze is still there. But let's not laugh at them if the project starts to die and there is no more money flowing in it anymore because the devs have taken the cash with them already.

Only time will tell.

More than true.

Anyway, I wish the believers of it be well and hopefully they will realize the reality the soonest.

[josegines]

"Pi Network: The Mega Airdrop That Will Take Several Years

Some pioneers and buyers are unaware that at the current pace, the one imposed by developers to try to prevent the price from plummeting suddenly, the mega distribution will take more than three years.

This will clearly prevent the price from taking off before the majority of tokens are distributed, several years from now, making it inadvisable to buy until then."




https://www.reddit.com/r/ScamCenter/comments/1k992ta/pi_network_the_mega_airdrop_that_will_take/

[Dogedegen]

I've mentioned something similar in another thread, but I believe this is going to be one of those big ones that goes bust. The real question is only how they are going to do it PR wise, will it be an obvious scam or will they sell a sob story about how their idea didn't work out and that startups usually fail. People are so gullible and inexperienced with money.

One newer form of manipulation that I have seen, but involves altcoins, is the buyout of an old established project and then rug it with sudden and horrible changes. This can be done overtly by visible ownership changes, but also hidden one. Essentially, they are buying up the reputation in order to defraud a large amount than they paid for. Just a big money variant of the pump and dump scam of small coins.

[passwordnow]

I've mentioned something similar in another thread, but I believe this is going to be one of those big ones that goes bust. The real question is only how they are going to do it PR wise, will it be an obvious scam or will they sell a sob story about how their idea didn't work out and that startups usually fail. People are so gullible and inexperienced with money.

Most of the investors are getting wiser. And with this pi coin, most that have got it from the airdrop were mostly sold already. They don't want to get in again and that's free money for them. If someone that have earned from the airdrop and wanting to reinvest it to the same coin, they're wasting the profit that they have made. It is unwise to reinvest but that's them, if they see that there is something good that's coming on this project, proceed. But sure, like what you've said that their money is going to get busted and will be put into waste or maybe, we're wrong.

[dunfida]

"Pi Network: The Mega Airdrop That Will Take Several Years

Some pioneers and buyers are unaware that at the current pace, the one imposed by developers to try to prevent the price from plummeting suddenly, the mega distribution will take more than three years.

Im also one of those who do have some locked PI's on 2028 release on which i dont expect too much of these for it to be valuable at the time that it would be getting release.
Come to think that once these tokens being that released then expect that huge major sell off and this will be might ending up for it to kiss its price into the floor.
We didnt expect for it to be that get listed from the beginning and who had thought that they actually did have being listed?

I've mentioned something similar in another thread, but I believe this is going to be one of those big ones that goes bust. The real question is only how they are going to do it PR wise, will it be an obvious scam or will they sell a sob story about how their idea didn't work out and that startups usually fail. People are so gullible and inexperienced with money.

Most of the investors are getting wiser. And with this pi coin, most that have got it from the airdrop were mostly sold already. They don't want to get in again and that's free money for them. If someone that have earned from the airdrop and wanting to reinvest it to the same coin, they're wasting the profit that they have made. It is unwise to reinvest but that's them, if they see that there is something good that's coming on this project, proceed. But sure, like what you've said that their money is going to get busted and will be put into waste or maybe, we're wrong.

One of the main rules when you do deal up with airdrop is to secure out your profits as possibly as you can. Just like on what you have said that it will be that so absurd that you will be
trying out to reinvest on what you had gained into PI. If you've been able to make some free money with it then i would be rather making use of these funds to buy Bitcoin or with some
top altcoins on which you can be able to have that potential or at least secure profits specially that we are now near on bull run period. Well, just like on what you have said that
they are the ones who do made out such decisions since its their money after all. 

[asriloni]

"Pi Network: The Mega Airdrop That Will Take Several Years

Some pioneers and buyers are unaware that at the current pace, the one imposed by developers to try to prevent the price from plummeting suddenly, the mega distribution will take more than three years.

This will clearly prevent the price from taking off before the majority of tokens are distributed, several years from now, making it inadvisable to buy until then."




https://www.reddit.com/r/ScamCenter/comments/1k992ta/pi_network_the_mega_airdrop_that_will_take/

You may not be seeing huge portions of Pi tokens to be distributed in the next years. The scammer behind Pi tokens were almost locking all of tokens minted by their minters for several years, and even some got very long vesting.

The scammer behind Pi token is launching their own ventures used their pi token as the source of funding. They're trying to attract developers to use their pi token, and try to get more liquidity from the market.

I guess this token will become the biggest scam ever. Buying this scam token is stupid.

[passwordnow]

Most of the investors are getting wiser. And with this pi coin, most that have got it from the airdrop were mostly sold already. They don't want to get in again and that's free money for them. If someone that have earned from the airdrop and wanting to reinvest it to the same coin, they're wasting the profit that they have made. It is unwise to reinvest but that's them, if they see that there is something good that's coming on this project, proceed. But sure, like what you've said that their money is going to get busted and will be put into waste or maybe, we're wrong.

One of the main rules when you do deal up with airdrop is to secure out your profits as possibly as you can. Just like on what you have said that it will be that so absurd that you will be
trying out to reinvest on what you had gained into PI. If you've been able to make some free money with it then i would be rather making use of these funds to buy Bitcoin or with some
top altcoins on which you can be able to have that potential or at least secure profits specially that we are now near on bull run period. Well, just like on what you have said that
they are the ones who do made out such decisions since its their money after all. 

It is wise to spend that airdrop profit from this coin converted into Bitcoin or something else. I think not all of them but some did actually do this. Because if they know the importance of Bitcoin and using those profits for purchasing it, they're now in better profits. That's how they should do it with airdrop profits. Otherwise, they're just wasting their money for it if they don't do anything good with it. I understand some that keeps on holding it in hope that there could be greater profits. Noone knows if it will still be the same in the nearer future but each action has an accountable decision.

[finaleshot2016]

https://www.youtube.com/watch?v=MughIZ88VxY

A YouTuber with 2.7M subscribers published a video about Pi. It's worth watching. Just dropping it here so we can better understand what's behind Pi and avoid having false hopes about the token.  

and AFAIK, the team dumped millions of tokens in the past weeks.
https://www.binance.com/en/square/post/24505537891610

So, before we get into any unnecessary or nonsense debates about Pi, if you’ve gained from it, then good for you. But since we're against PNDs and other schemes that can lead to financial trouble, it’s better to wake up and learn what Pi is really about.

[Dogedegen]

I've mentioned something similar in another thread, but I believe this is going to be one of those big ones that goes bust. The real question is only how they are going to do it PR wise, will it be an obvious scam or will they sell a sob story about how their idea didn't work out and that startups usually fail. People are so gullible and inexperienced with money.

Most of the investors are getting wiser. And with this pi coin, most that have got it from the airdrop were mostly sold already. They don't want to get in again and that's free money for them. If someone that have earned from the airdrop and wanting to reinvest it to the same coin, they're wasting the profit that they have made. It is unwise to reinvest but that's them, if they see that there is something good that's coming on this project, proceed. But sure, like what you've said that their money is going to get busted and will be put into waste or maybe, we're wrong.

I would not agree with this. To some extent, parts of the old investors are getting wiser after having lost money in scams. But this does not mean that there are not plenty of people left. Besides those, some get cheated by their own greed and then they start believing again only to get scammed by another kind of project. Putting also these groups aside, many new investors will get lured in by scams such as this one. This is why it is important to not spend any money on it, and raise awareness. Sadly, exchanges are acting very irresponsible these days. They could strongly limit how many people get scammed by having some due diligence on what can be listed.