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Topic: PI Network! A huge trap[Warning!] - page 5. (Read 10213 times)

hero member
Activity: 1778
Merit: 709
[Nope]No hype delivers more than hope
March 20, 2022, 11:50:38 AM
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.
jr. member
Activity: 168
Merit: 2
March 15, 2022, 10:55:53 AM
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://bitcointalksearch.org/topic/--5303664
Yes as you full post history runs only for PI project and obvious that you are shilling for this one

https://bitcointalksearch.org/user/piececollector-2935949

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]
sr. member
Activity: 2296
Merit: 470
Telegram: @jperryC
March 15, 2022, 04:29:59 AM
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.
full member
Activity: 2170
Merit: 182
“FRX: Ferocious Alpha”
March 14, 2022, 09:52:47 PM
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://bitcointalksearch.org/topic/--5303664
Yes as you full post history runs only for PI project and obvious that you are shilling for this one

https://bitcointalksearch.org/user/piececollector-2935949

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 .
jr. member
Activity: 168
Merit: 2
March 14, 2022, 06:14:24 PM
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://bitcointalksearch.org/topic/--5303664
sr. member
Activity: 1694
Merit: 299
February 02, 2022, 09:51:46 AM
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.
member
Activity: 232
Merit: 10
February 01, 2022, 07:44:49 AM
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.
member
Activity: 1103
Merit: 76
February 01, 2022, 05:08:45 AM
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.
full member
Activity: 1204
Merit: 110
January 31, 2022, 01:41:59 AM
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
jr. member
Activity: 168
Merit: 2
January 30, 2022, 06:10:17 PM
Pi Network lame
newbie
Activity: 3
Merit: 0
August 24, 2021, 03:23:45 AM
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
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
August 22, 2021, 03:08:38 PM
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.
hero member
Activity: 3010
Merit: 794
August 16, 2021, 05:58:00 PM
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.
hero member
Activity: 3066
Merit: 629
20BET - Premium Casino & Sportsbook
August 16, 2021, 04:14:47 PM
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.
hero member
Activity: 2996
Merit: 609
August 16, 2021, 03:12:59 PM

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.
hero member
Activity: 826
Merit: 532
August 16, 2021, 12:33:42 PM

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.
hero member
Activity: 2002
Merit: 516
August 16, 2021, 08:16:00 AM

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.
hero member
Activity: 826
Merit: 532
August 16, 2021, 06:40:05 AM

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.
hero member
Activity: 2002
Merit: 516
August 16, 2021, 05:11:09 AM
PI mining shouldn't be called mining, I know the KYC stuff is to avoid double users but all this practices isn't mining cos mining is real decentralisation and doesn't or shouldn't required any form of KYC, PI mining should be called cloud earnings or something similar not the word 'mining'.

Okay, it shouldn't be called "mining", they could have used a different word, but they used it because they chose to. And what do you think this means that this is a scam and that this project will fail? I don't understand all the confusion about that one word at all. After all, it describes the basis on which the coins are obtained.
member
Activity: 266
Merit: 11
August 16, 2021, 03:40:09 AM
PI mining shouldn't be called mining, I know the KYC stuff is to avoid double users but all this practices isn't mining cos mining is real decentralisation and doesn't or shouldn't required any form of KYC, PI mining should be called cloud earnings or something similar not the word 'mining'.
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