Topic: Pi Coin | A decentralized economy or another form of MLM scheme? - page 2. (Read 447 times)
August 15, 2022, 02:37:29 AM
I have heard a lot of hype about the Pi token that can be mined through a mobile phone, personally I do not believe that there is any coin that can be mined using a mobile phone, these programs are mostly used to steal mobile data or for other purposes such as advertising promotion or others, but they caused Mostly processor overload and battery consumption, I don't know if the information you got is completely accurate but I'm still not convinced so far that someone accepts Pi as payment
August 14, 2022, 05:47:12 AM
My Opinion only Don't Hate me 🛑
In Short yes it looking like MLM strategy
They are claiming PI is Decenterlized Network -- Which Decenterlized Network ask for kyc detail 😐? I don't recalling if there are any
What worring me is the TOTAL SUPPLY of the Pi that will definitely insane now in Unofficial community we can sell our pi in around 0.5$ and also some korean people buying it on 1$ what i feel everything is just OVER HYPED definitely it is due to the PI marketing strategy
I am still watching their strategy where they are giving their TOKEN only if we COMPLETE OUR KYC it means they have our detail and they can sell it to any third party community because Pi doesn't have any Well know Kyc audited Platform
They had the INSANE DOWNLOAD IN PLAYSTORE Definitely due to Their Marketing strategy they are first in Stellar Consensus Protocol (SCP) mining , i means mining through mobile Devices that maybe a reason
That's the think i am just finding suspicious in The platform Specially Decenterlized Part i also had around 6000 Pi in my account but without kyc still confused wheather i should complete kyc or not
In Short yes it looking like MLM strategy
They are claiming PI is Decenterlized Network -- Which Decenterlized Network ask for kyc detail 😐? I don't recalling if there are any
What worring me is the TOTAL SUPPLY of the Pi that will definitely insane now in Unofficial community we can sell our pi in around 0.5$ and also some korean people buying it on 1$ what i feel everything is just OVER HYPED definitely it is due to the PI marketing strategy
I am still watching their strategy where they are giving their TOKEN only if we COMPLETE OUR KYC it means they have our detail and they can sell it to any third party community because Pi doesn't have any Well know Kyc audited Platform
They had the INSANE DOWNLOAD IN PLAYSTORE Definitely due to Their Marketing strategy they are first in Stellar Consensus Protocol (SCP) mining , i means mining through mobile Devices that maybe a reason
That's the think i am just finding suspicious in The platform Specially Decenterlized Part i also had around 6000 Pi in my account but without kyc still confused wheather i should complete kyc or not
August 13, 2022, 12:20:15 PM
What's happened on pi coin?pi isn't listed on any market place.many people sell their coin on high price like 0.35$-0.50$.Vietnam and Chinis people are buying pi coin unofficially and many people use it by payment method.where it will be listed and how many price of it?now 33 million people use pi app.they launch their mainnet.i feel that we should sell some coin this price.upcoming day its price will be dump.we should sell our 50% coin that price.
If I choose to sell everything while it has value, because this is clearly a structured MLM scheme.there's something else that's weird, whether this is true or not some say accounts of people who have passed kyc can be frozen by developers if suspicious, so what's the point of having private keys or phrases if we don't actually have full access to ownership.
August 13, 2022, 12:17:24 PM
What's happened on pi coin?pi isn't listed on any market place.many people sell their coin on high price like 0.35$-0.50$.Vietnam and Chinis people are buying pi coin unofficially and many people use it by payment method.where it will be listed and how many price of it?now 33 million people use pi app.they launch their mainnet.i feel that we should sell some coin this price.upcoming day its price will be dump.we should sell our 50% coin that price.
Just let them all to buy what they wanna buy but you shall not follow them to buy this shit coin. FOMO was happening caused by there was a news that it can be used to buy something but this is not yet verified. You must be careful with this. Years already passed but this project is still getting stuck at the same place. people are getting FOMO caused by that news.
It may be a trap as well.
It's true right now there is huge FOMO going on about PI over the internet. Many people even make some unrealistic price predictions for pi. Many people are buying this locally and I got information from a trusted source that some business owners in Vietnam and in some parts of china accept pi for their goods. I know it's too early to call it a legit platform but right now some people making a hell lot of money out of it.
August 13, 2022, 01:54:32 AM
What's happened on pi coin?pi isn't listed on any market place.many people sell their coin on high price like 0.35$-0.50$.Vietnam and Chinis people are buying pi coin unofficially and many people use it by payment method.where it will be listed and how many price of it?now 33 million people use pi app.they launch their mainnet.i feel that we should sell some coin this price.upcoming day its price will be dump.we should sell our 50% coin that price.
Just let them all to buy what they wanna buy but you shall not follow them to buy this shit coin. FOMO was happening caused by there was a news that it can be used to buy something but this is not yet verified. You must be careful with this. Years already passed but this project is still getting stuck at the same place. people are getting FOMO caused by that news.
It may be a trap as well.
August 12, 2022, 11:26:26 PM
It's funny to see the community supporting this coin. I see a lot of people are delusional about the illusory future with it. And I know there are already some teams collecting it for some value, probably things that are being over-hyped for liquidity. I have to admit that it has too many suspicious and silly points that are no different from the MLM projects I know.
August 12, 2022, 11:19:26 PM
What's happened on pi coin?pi isn't listed on any market place.many people sell their coin on high price like 0.35$-0.50$.Vietnam and Chinis people are buying pi coin unofficially and many people use it by payment method.where it will be listed and how many price of it?now 33 million people use pi app.they launch their mainnet.i feel that we should sell some coin this price.upcoming day its price will be dump.we should sell our 50% coin that price.
August 12, 2022, 07:47:57 PM
After a very long term delay they decided to introduce a KYC verification system that's when I knew that this project is up to no good, there are just too many good projects in this space to care about now than this Pi Coin, total waste of your time.
Yeah finally people must be forced to sent their identity to the garbage developers. I just wanna see how many of them wanna try to give their identity to the others who they didn't know about. The developers are collecting KYC. it can be used for the various purpose. People keep wasting their time to mine this shit. I didn't know how long they will always be doing their dumb activities. People shall never try to deal with this kind of scam coin anymore.
August 12, 2022, 02:55:35 PM
I suggest you read this topic created by @Leviathan.007 which describes some of the critical issues behind this project.
https://bitcointalksearch.org/topic/pi-network-a-huge-trapwarning-5237735 "PI Network! A huge trap[Warning!]"
They are online from a while. Some one has exchanged these coins for USD or BTC? Listed some where? They have developed a blockchain or a database for transaction?
Personally, I wouldn't waste a second on something like that. Of course I will never install an unknown application or do KYC for that.
https://bitcointalksearch.org/topic/pi-network-a-huge-trapwarning-5237735 "PI Network! A huge trap[Warning!]"
They are online from a while. Some one has exchanged these coins for USD or BTC? Listed some where? They have developed a blockchain or a database for transaction?
Personally, I wouldn't waste a second on something like that. Of course I will never install an unknown application or do KYC for that.
August 12, 2022, 02:39:45 PM
Some downside of Pi, in my opinion, is you can only use Pi through your smartphone and you need to pass KYC to use your mined Pi.
It doesn't matter as long as they find some utilities. There are many cryptos in the market that is listed in many exchanges but don't have a solid use case. I saw some business owner providing their service in exchange for pi coin. Right now the values seem totally hyped but if they can really expand the use case of pi then it doesn't matter what they have done in the past.
There are some developments going on right now. Many business is emerging who are ready to accept pi as a payment. If a bunch of people thinks pi is a reliable crypto asset with a future and accept it for their service and goods then I think pi is successful for what they are trying to achieve. Their intention was never to be crypto assets that people will be used primarily for storing values.
August 12, 2022, 01:58:59 PM
Some downside of Pi, in my opinion, is you can only use Pi through your smartphone and you need to pass KYC to use your mined Pi.
It doesn't matter as long as they find some utilities. There are many cryptos in the market that is listed in many exchanges but don't have a solid use case. I saw some business owner providing their service in exchange for pi coin. Right now the values seem totally hyped but if they can really expand the use case of pi then it doesn't matter what they have done in the past.
There are some developments going on right now. Many business is emerging who are ready to accept pi as a payment. If a bunch of people thinks pi is a reliable crypto asset with a future and accept it for their service and goods then I think pi is successful for what they are trying to achieve. Their intention was never to be crypto assets that people will be used primarily for storing values.
August 11, 2022, 01:06:45 PM
Some downside of Pi, in my opinion, is you can only use Pi through your smartphone and you need to pass KYC to use your mined Pi.
It doesn't matter as long as they find some utilities. There are many cryptos in the market that is listed in many exchanges but don't have a solid use case. I saw some business owner providing their service in exchange for pi coin. Right now the values seem totally hyped but if they can really expand the use case of pi then it doesn't matter what they have done in the past.
August 11, 2022, 11:49:14 AM
Some downside of Pi, in my opinion, is you can only use Pi through your smartphone and you need to pass KYC to use your mined Pi.
It doesn't matter as long as they find some utilities. There are many cryptos in the market that is listed in many exchanges but don't have a solid use case. I saw some business owner providing their service in exchange for pi coin. Right now the values seem totally hyped but if they can really expand the use case of pi then it doesn't matter what they have done in the past.
August 11, 2022, 11:07:00 AM
To put it bluntly, Pi apps are clearly fake mobile phone mining apps. I'm not saying this to discredit your apps, that's not what I mean. I was told if it was fake because if it was really mining using the phone, it would have been less than three hours before your cellphone would have been stolen.
Even if they tell other merchants, they accept Pi as payment at other restaurants, for me this is an obvious tactic of theirs to deceive and hype up those who lack cryptocurrency knowledge, especially since it has not been talked about for several years crypto world. And during that time and several months, the well-known exchange site platforms were not even included in the list, or they were not included in the coinmarketcap list. How can I believe in that Pi if when Pi is listed in the exchange they are not even taken care of, it is obvious that they are just frauds and we should not be deceived by such styles of people who are good at fooling their victims.
Even if they tell other merchants, they accept Pi as payment at other restaurants, for me this is an obvious tactic of theirs to deceive and hype up those who lack cryptocurrency knowledge, especially since it has not been talked about for several years crypto world. And during that time and several months, the well-known exchange site platforms were not even included in the list, or they were not included in the coinmarketcap list. How can I believe in that Pi if when Pi is listed in the exchange they are not even taken care of, it is obvious that they are just frauds and we should not be deceived by such styles of people who are good at fooling their victims.
August 11, 2022, 10:58:10 AM
After a very long term delay they decided to introduce a KYC verification system that's when I knew that this project is up to no good, there are just too many good projects in this space to care about now than this Pi Coin, total waste of your time.
Exactly, Pi is not new and has been here for like years.What we keep hearing about them is "refer your friend to get x coin, get rich, etc". So far they do not show any actual work in their technology, it feels like MLM but without any capital damage except for some of your brain cells and time.
If I were you, I would have avoided it ages ago. Not worth your time and effort obviously.
August 11, 2022, 10:49:13 AM
After a very long term delay they decided to introduce a KYC verification system that's when I knew that this project is up to no good, there are just too many good projects in this space to care about now than this Pi Coin, total waste of your time.
August 11, 2022, 10:27:31 AM
Honestly speaking, I was one of those early users who install it at first, but later on, I also removed and uninstalled the app because I'm doubting if it works, for me because it's like an MLM scheme to me, MLM gives me a headache before so I never join on any MLM type of business anymore, but base on many available reports that in some parts of Asia PI coin is already accepted as payment, particularly in Vietnam so I guess PI has some sort of truth after all but still I don't want to use this coin or even mine it.
August 11, 2022, 08:59:34 AM
If truly this Pi Network exists another person needs to take over and start building, until that time I don't want to have anything to do with this project, I mean, if people are so crazy about this Pi coin why cant they take chances with small projects that may be successful tomorrow? ..like
Illuvium, Bitget, Altura, UFO gaming, Star Atlas, Gods Unchained, HoT, and many others?
Illuvium, Bitget, Altura, UFO gaming, Star Atlas, Gods Unchained, HoT, and many others?
August 11, 2022, 05:11:06 AM
Some downside of Pi, in my opinion, is you can only use Pi through your smartphone and you need to pass KYC to use your mined Pi.
Its definitely scam and do you know why? Well in my country there is huge craze for this coin but to get it you have to install a software on your phone which mines pi coin in the background. The problem started coming up when there was breach in the personal data over pi network and guess what was leaking? Well KYC documents in the open market.
Peeps were so dumb they still use this mining on their phone in the hope that they will able to spend like this.
All this is driven with the force of “together” stimulation and nothing more. I couldn’t believe its still working.
The question is for how long?
It seems like it's becoming a craze in every country, not just my own country, it's terrible. People have easily installed crypto mining app on their phone and provide KYC directly for that app, too dangerous for sensitive and private information stored on phone. It is an MLM program for user information purposes, hopefully phone carriers will soon issue warnings to users.Peeps were so dumb they still use this mining on their phone in the hope that they will able to spend like this.
All this is driven with the force of “together” stimulation and nothing more. I couldn’t believe its still working.
The question is for how long?
August 11, 2022, 04:52:19 AM
This is definitely is a pyramid scheme, the Pi coin itself does not have utility. And their claim of use of Pi coin in some area are mostly a hoax, and some people even make up a ridiculous value of Pi up to $314k. And if you just heard about this coin, actually Pi has been around for few years now, their developer promise big exchange listing like Binance, Bittrex, etc, and even a big tech company adoption since day 1 but it never happened. Even Coinmarketcap put flag on Pi coin.
Jump to: