Topic: PI Network! A huge trap[Warning!] - page 7. (Read 10038 times)

There are many topics about PI in all local boards but what i found about them is claiming to be a first Mobile mining but the truth is there are tons of Mobile apps that can mined in the past but all of them are turn out scam or BS>

Thanks for this notice but i already discussed and even Argue in our local board about this promises from PI network.
and they have already a thread in either Scam or reputation section if i'm not mistaken.

They just reset the testnet and now it's running stellar v15.2 according to the api cache

I'm running a testnet supernode (what pi call full validators) on a low power ultra small desktop

They claim 12million "engaged pioneers" without defining what that is. It's definitely suspicious when you see screen caps of phones and it looks like half the referrals have quit.

The fake mining is a means to determine the allocation of the premine of the mainnet.  The KYC is to ensure 1 account per person.

This is consistent with pi using stellar core for its blockchain. 

I am one of the users of this app and I have no objections to how it works. It is easy to use and it doesn't make my phone slow or hot that is why I take my chances to earn some of this token. Just maybe it will worth something in the future because I don't want to be the one of the once who's saying "SA NA ALL"😂(i hope all) at the end.. when the coin becomes a hit in the market

I have seen this Pi network thing been shilled a lot, and yes, even I downloaded it at some point but when I discovered it was like a huge ponzi with earnings from referrals and no block explorer (that I could find),,, I did not.

I think the founders really milking their education (stanford).

The project isn't in full motion since how many years now? And again what's that centralized mining all about? Yes I called it centralized because you guys ask for KYC to mine coins with no real equipments, no Proof of work algorithm, completely cloud mining probably that's why you asking for KYC, your project ain't making any sense, I've give up completely

I am using this app which is developed by this network for last 1 year since it has not cause a single issue but we should be aware of this types of apps which can steal our private keys of different digital wallets.

Sure, PI is not yet a blockchain. We have not yet reached that stage.

The current phase is called mining, although it is not exactly like that. But the important thing is to get what they are looking for, assign PI to all those who are constant and hit the button once a day.

I can assure you that of all those who start, less than a third continue to open the APP.

It is a matter of trust.

If it doesn't cost me money, I continue to trust.

Many of those who speak ill of PI is that they have enough BTC not to worry about retirement. I assure you that these not only will not hit the button, but they will laugh out loud at others who are giving it. But I dont care. 

It was about time that they had support, until now they used the work of volunteers, such as those in the chat or other people who have set up websites showing a lot of information, all of which we could not find through official channels.

As for the network, I am not a specialist, but if they are based on an already existing blockchain developed precisely by a colleague from Stanford University itself, I still think that it should not take so long. It seems logical that the time required is for testing.

Of course, the nodes also work thanks to volunteers who are betting on IP and investing to make those nodes work.

I still think that those responsible are looking for a certain number of users, something that on the other hand, we cannot audit, that is, we have to believe that there are millions of users, and then you see that the announcements in the APP only harvest a maximum of 40k likes. Something does not fit me.

Even so, I continue to trust, especially since until now no one has said that the APP is malware, if I had a slight doubt, I would have uninstalled it quickly.

It's your choice if you want to trust Pi Network, every steps they take are off key to me, the mining phase is even the most annoying, KYC verifications must be complete to actually owned the coins you mined? Bravo mates, this isn't mining at all, when you mine you become the real owner because mining is decentralized, but not Pi mining lol

Pi has been going since 2019. About 1.5 years so far. This is not an especially long time in the making for a crypto currency project.

Pi network have the added situation of with millions of users come millions of problems.  I guess their one email support was overwhelmed as they deployed a support portal recently:  https://pinetwork.atlassian.net/servicedesk/customer/portals

There's a couple of videos on the Pi Net youtube page that provide details about the development of the nodes

https://www.youtube.com/watch?v=shLIcEwz9Q4

https://www.youtube.com/watch?v=dTXcauc6mT8

I think in the 2nd video he talks about extensive testing required as the Pi Network will be considerably larger than the stellar network it's based on.

I am not a newbie and I appreciate the analysis of the previous colleague, because it is quite complete. If I am in the project, it is because of the possibilities that it will be something big, but it is true that it still has a long way to go, although I hope they will be a little faster to get the mainnet, I do not understand that they should wait until the end of 2021, when they have already been many months working.

It makes me think that they are looking for a critical mass of users, before launching the mainnet.

I do not understand that it is classified as spam or cheat because you do not have to put money and you only have to spend 1 minute a day.

It has the great disadvantage of having to provide your data, just like other platforms. That is already a personal decision. Some will want to do it and others will not.

Even if I'm so wrong about PI network there is one thing that's certain, every God damn accounts that talk about this PI network are always from newbie accounts, PI network are bumping this forum themselves and I'm tired of their shit, the project is complete crap

Bad marketing aside,  I heard the guy running the website and creating the marketing got fired.

If you dig through all the bullshit of the website. The facts are in the not well written whitepaper.

Pi wants to be a non corporate version of Stellar.  If you wanted to run a crypto network with millions of users and thousands of nodes, stellar consensus protocol is a reasonable choice.

A non corporate version of stellar is also an interesting proposition.

This choice is probably related to the fact the Co founder, Chief Scientist of Stellar, David Mazieres is a professor in the computing department of Stanford and Dr Nic co founder of Pi is a computer scientist at Stanford teaching blockchain courses and doing social computing research (Publications)

This is his latest course BioE 60: Beyond Bitcoin Applications of Distributed Trust

This is the recording of lecture 2

The first guy in the video is Jan Liphardt Professor of Bioengineering who developed Fever IQ which was an internal feature of the Pi App that collected covid symptoms. That app, which originally had a github, has turned into this Enya Launches FeverIQ COVID Health Check to Immediately Help Businesses and Schools

The plan of Pi,  from what I can figure out, which is consistent with the use of stellar consensus protocol, is to distribute the majority of the mainenet premine to the users in order that they can kickstart an economy using all the applications that will be present in the Pi Mobile app.  There is an SDK and sandbox and people are making and planning apps. e.g. YouPi. I'm not economist so I don't know if that kind of thing is even possible.

The mining is the means to determine the allocation of the mainnet pi and the KYC is to ensure one person one account. Stellar networks have a 100% premine.

Fake mining is not evidence of a scam since Electroneum did it first. They did it for marketing and to lead into the Any task. This was their plan all along as they paid for the "mining" with a 9bill of the etn premine.

Pi Network started a Stellar v12 testnet in June 2020. here is a picture of showing a non consensus node running stellar. https://ibb.co/m02DdJL

The one thing about running software in a docker container is that you can simply extract the container and examine the files.

There's a lot of information on the node page and here's one of the programmers taking about developments

The node you can download first is a a test container with a nodejs script that replies on ports. This is the Github of the script.
The windows app tests the open ports in the router and sends performance data of the computer to PI HQ on regular basis. This information is sent plain text and easily captured with wireshark.

Pi core have stated the main criteria they're testing for is uptime and some people with high uptime 90%+ over 3 months received a testnet container.

The consensus container runs debian 9 and contains stellar core v12 but the config file says it's running as a non consensus node at the moment.


The only thing I can say about the ads in the app is it's unusual that the app lets you turn them off, that there's only 1 a day and they include a >> which you can use to close the ad straight away.  

OP lock this topic please.
I see no reason for PI shitcoin always to stay on top, with eight pages and being bumped up in reputation forum with bunch of newbie accounts.

this is different than anything you've probably ever seen in cryptocurrency (only 8 years). and for professional did you see Bitcoin when it first started it had flaws even the design of the symbol but they upgraded it later lol. If craig wright is was really the one behind satoshi I see why he went incognito and how many "Professional" coins have you seen that are still sh!t coins? or started out good and went to crap cuz of greed and selfishness. I got out of jail 2017 and got into bitcoin but i recognized it around 2015 and heard about it before that. I'm still a baby g but I never said it would be better than Bitcoin bitcoin... is the mothership as you can see. but Bitcoin is a Protocol not you me or any one person. aint no excuses but my community was not into Bitcoin i knew nobody around me dealing with it. Had to find out on my own through the internet or maybe tv if news. so I know  This is a little piece for those who missed out and are connected to the Pi Network. hey i'm still learning but this is decentralized im just trying to give the smallest person i can a fair start. most people dont have these powerful computers and are not technical as you or others. I'm trying to translate as i learn and we all learn because this stuff i still new. I want to help bring this to the world culture so Bitcoin and EVERYBODY benefits. only a small amount of people have Bitcoin. i heard about the Bitcoin network a lot of people left that started it in the beginning. there happy but happy alone because the original vision was different than wat it is now. the coin hasnt truly been tested yet I think paypal users will find out then look for another secure faster coin.  they already forked Piece but i'm not here to convince anybody. so to each his own basically we'll see about it as the years go by!!!

I do have another repository thats the same as this one but I dont want to use it yet. they might have already messed that one up. SMH. like I said before the poblem here is people are moving way too fast even though the blocks are small. but you right the first version isnt the longest chain anymore which sucks smh when its not even two weeks old. its crazy how just one person can screw up the whole chain.

No. Forks as in miners building on different chains.... I don't think there's any difference from Litecoin??? So not sure why anyone wants to fork this.

If you're serious about this, perhaps start answering the more technical aspect of things (both ETFBitcoin's and mine) and be more professional instead of proclaiming that it'll be "better" than Bitcoin. Anyhow, my last reply to this thread and I don't find any point in continuing this discussion. Wish you luck in making it "bigger than Bitcoin" 

definitely talking way too soon smh lol thats good that it gets a bunch of forks i just started it that means its a good idea and has value. another thing always remember Bitcoin is the boss but your not thats Piece's big bro in my eyes he going to the pros or to a big college to show people wat he can do. Piece is a little baby nobody really knows about yet accept a few in this forum. I'm not worried I'm surprised it moved so fast   the original will prevail!!! It has'nt even started walking yet.

There's one thing that OP is missing. Transactions are usually multi inputs and/or have multi output. If your block size can only accommodate a maximum of 3 transactions of which all are one inputs and one outputs, then you would have a very big privacy problem.

You can probably survive with 4.2 seconds on a very well connected network but if your network is initially small, there is definitely going to be a bunch of forks. Well, especially when you're mining on a phone. To anyone thinking about using this, I implore you to consider the cost of phones and it's degradation when subjected to prolonged high loads.

Bitcoin succeeded because it was the first and there were actual solutions made to combat current problems.

Nothing to see here. Just another day in the shitcoin world.