PI Network! A huge trap[Warning!]

[Leviathan.007]

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.

"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...

[marlboroza]

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  

[ranleaces]

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/

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

The project is 100% legit!
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

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
FB Page https://facebook.com/PiCoreTeam
Instagram https://instagram.com/pi_network
Youtube 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://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/

[robelneo]

Scammers Profile Link:
- Not found!

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

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.

[Leviathan.007]

Scammers Profile Link:
- Not found!

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

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.

[marlboroza]

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.

Which project ask for KYC so you can collect coins which YOU mined? Read, read...

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.

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

[Leviathan.007]

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.

Which project ask for KYC so you can collect coins which YOU mined? Read, read...

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.

"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.

[cryptohome]

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/

[dkbit98]

I dont think its a scam, they are not raising any ICO money, besides the community is growing mostly via communities,who are letting others know about the project. with over 3 million people already downloaded the app and over 100000 applied for running nodes when its ready.
you can read more here: https://www.cryptotapas.com/pi-network-is-gaining-traction-is-it-worth-mining/
also:  https://www.cryptotapas.com/should-i-mine-pi-network-coin/

Yes been a part of the community for quite sometime now, and I think this coin has some potential.
Been part of some communities which seemed promising but later fell apart during execution
thi project has gained an immense traction over the time,with over 3 million downloads, and 100000, users applied for Node, when its due.
Read more about it here: https://www.cryptotapas.com/should-i-mine-pi-network-coin/
https://www.cryptotapas.com/pi-network-is-gaining-traction-is-it-worth-mining/

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/

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

Archived:
http://archive.vn/StEJg

[CrybabyGansta]

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.
"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".

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

 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  !!  

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

[Saisher]

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.

[Leviathan.007]

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.

[Mikadodu13]

First off it is *NOT* bitcoin, Second it doesn't work like bitcoin ---

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

[CrybabyGansta]

First off it is *NOT* bitcoin, Second it doesn't work like bitcoin ---

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 ..)

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!  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!

[aioc]

- 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.

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.

[CrybabyGansta]

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  

If you stop asking questions and Join you'll find out millions world wide chat in Pi Network app chat-rooms!
Its all in the White Paper and FAQ!
The purpose is for everyone in the world to be able to afford it and to be able to use it with app because mostly everybody in the world has a cellphone.  The are creating a Market place and a social Media Platform already which has 4+ Million users world wide!
KYC is simple!  You just have to prove your human and not a robot! Only 1 person, 1 account, 1 cellular device  
It forces Bad Actors that try to make farms with hundreds of fake accounts on phones(those Pi Coins with just never make it to Phase3).
We don't want to be like Con-coin(bitcoin) that has bad actors(Big Corporations Farming in warehouses)
average person can't compete!  

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

[Mikadodu13]

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.

It will be on Blockchain No doubt!
The issue now is they are handing out Free Pi Coins and setting up whole Network.   Then, Phase 3 it goes to Marketplace to find its Price. After Marketplace they will *NOT* be handing out FREE coins on Cellphones anymore because the same app will turn into your wallet.
I'm right now today downloading the Pi Node Beta - advancing user-centric decentralization.  Setting up this software on my computer and firewall. Opening ports on router we are setting up Testnet now.  

Pi Network is in Phase 2 Now since last month

Pi Network starting Testnet for testing/calibrating to run the consensus algorithm on the devices of Pioneers who successfully installed.

After everything running smoothly.  I believe (called) MainNet will come out.
Then Pi goes to Marketplace (that's Phase 3) $10-$15 value/price

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
https://minepi.com/mepimine
(you will see its checked by App Store and Play store)

and use my invitation code mepimine 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

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?

[CrybabyGansta]

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 ...

[marlboroza]

KYC is simple!  You just have to prove your human and not a robot! Only 1 person, 1 account, 1 cellular device

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.

[CrybabyGansta]

KYC is simple!  You just have to prove your human and not a robot! Only 1 person, 1 account, 1 cellular device

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