PI Network! A huge trap[Warning!]

[Naficopa]

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.

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.

[josegines]

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.

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.

[Oilacris]

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.

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.

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.

[blockman]

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

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.

[stomachgrowls]

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.

[Fivestar4everMVP]

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

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.

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.

[esccc]

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.

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.

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

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.

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.

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

[piececollector]

Pi Network lame

[Theones]

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

[malcovi2]

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.

[Zotak337]

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.

[perfect999]

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.

[piececollector]

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.

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

[bitterguy28]

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.

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

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 .

[joeperry]

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.

[piececollector]

At some point KYC has to come into effect.

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.

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

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 .

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

[moderator's note: consecutive posts merged]

[noorman0]

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.

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.

[Kavelj22]

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.

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.

[peter0425]

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.

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.

[bitterguy28]

At some point KYC has to come into effect.

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.

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

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 .

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

[moderator's note: consecutive posts merged]

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?