Topic: PI Network! A huge trap[Warning!] - page 9. (Read 10008 times)

Here's a coin that supports the Pi Network called Piece. Have A Piece!!!

pieceofpi.world



Piece (Piece Of Pi) (Litecoin fork) (2020-2028)

Max Supply: 13,528,181
Block Reward: 1
Block Size: 600 Bytes
Block Halving: 2178892 blocks
Block Time: 4.2 seconds
Ports: Main - 2999 Test - 12999
Retarget time: 54.11 days
Algorithm: Scrypt

pieceofpi.world (coming soon)😊

Github

https://github.com/piecemaster/pieceup

After reading all of this I stopped using Miner Pi the risk is way to high for the coins that you are going to get from mining it's not worth it it's a big trap indeed unfortunately, those millions other users are not aware of this trap and it will be too late for them because the company has gathered their data already.

They can't because they have to sell the data they gather to third parties and make tons of money too 

this coins is all about referrals, i don't trust it, i think they want the app installed in your phone so they can take data and then sell it, like advertising, or something more sinister.
i don't know if is a scam or not, but scam is what is seems.

KYC has been re-enforced because a lot of cheaters have been caught in the APP. If your privacy and personal info is so important than better stay away from it.
Facebook and Twitter are totally different because they earn through ads and traffic. While Pi Network does not earn anything except from it's supporters.

Hello there OP, just seen this topic, I'm actually mining on pi but thanks to this warning thread.
I become more aware and probably consider quitting from it since the "my" mined Pi will just get stucked on phase 2 if I did not pass a KYC.
And I don't prefer passing any. I wouldn't compromise my privacy just for such possible small earning.


Those social media like Facbook and Twitter, doesn't require you to pass KYCs. They are not also giving people a little bit of hope to earn from mining on their phone "offline".
On the otherhand, Pi does requiring it's users to pass their KYC forms so they can evaluate them if they are real humans or not, which is much dangerous if you really care for your privacy.
In facebook, you can just use any names and pictures, but in KYCs you can't, if you pass such form, then they already had your human data.
They already know you. Your name. Your location. Everything that is required on KYC form. So think before giving them your sensitive personal info.

And now this PI network have more than 8 MILLION people guys, when this was trap or thieve for some data on member phone, than its gonna be big scandal as facebook scandal with cambridge analytica case. But whats? some people dont care about this and  people like me believe there is no privacy again with our data,, google, facebook, twitter etc have those data

If this is what you understood from these 6 pages... what can I say... good luck mate 

I have read many users comments very deeply, some people told pi network scam on the other hand some users defined pi as a genuine. But personally I think pi network is not a fraud project. Because they do all the steps as their road map. And their conception is also different.

It might seem crazy to a lot of people here, but in essence that is the real truth. People have nothing to lose, have no knowledge about privacy so they try anything that has a good story and scams are experts in that. Selling shit packaged like an american dream.

Well 99.99% of people like that don't really have anything to lose by exposing their identity. So they aren't concerned about it.
What's the worse it can happen, someone looks them up and sees they're not worth $10 all together? Might even take pity and give them a buck or two

FUBT shut down...

This refers to IOU tokens. FUBT has shut down so this IOU trading is no longer happening. Main net launch of Pi Network is yet to take place. Check for announcement: https://fubthelp.zendesk.com/hc/en-us/articles/360040503052--New-Token-FU-BT-will-list-Pi-NETWORK-futures-on-March-14-2020


When every sign screams scam...its a scam.

/also shows inactive and  no exchange.  Even the link above now is dead..same as the chances of earning anything from Pi. 

The problem is that these kind of scams usually spread through population that can barely use smartphone , laptop, tablet or pc. So for them, only info they get is only info they know. That is usually that this app is gonna make them wealthy and all they need to do is click once a day and say to all their friends about it so they can earn more.

KYC? What is that? Is that something you can eat?   

They have no clue what is KYC, but they are told they need to do it to get their money, so they do it.

In essence that is the issue. Uneducated mass.

Oh wow. I just say the news of the KYC.

Please, someone, explain to me how a logical person can look at something that asks for the personal info of 100k people and think thats a good idea? I mean are people completely retarded? I can't believe how many stupid gullible people exist. There was an autosurf scam of 20 million $$ it offered 144% in 12 days. Who falls for that? I mean my god do they think the profits fall out of the heavens?

Honestly, if people want to give a faceless organisation their person info then goodluck to them. Anyone of use posting here can make our own app and also demand KYC. There is nothing legal about it. KYC is for banking and voting and things like that. Not some silly app that gives you coins for logging in.

Using the guise of "preventing multiple accounts" to harvest personal info.

I mean what is next? Video games asking us for KYC so we cant make multiple accounts?

Yes I do get your point and this does leave a lot of unanswered questions; I don't get the KYC thing at all and also how it mines by simply downloading; moreover they hvnt had any cogent interaction on BTCT which wud hv given an insight into their actions and motivations. Let's hope ppl dont get scammed.

Well nobody is perfect, they can't get it all right 

I mean I know this sounds a bit crazy haha, but you get the point. From what I've seen and understood this is not a crypto project and the way things are setup it looks like data gathering.

My observation was here just to ad some exzotic flavour to it

Oh man; this is quite an observation; but they lack South Asian or Mid Eastern people and they hv quite good population too.

You can see even by the people they chose to be a front for this data gathering project that it is organized by some intelligence agency or something similar.

They even took care to include all skin colors to represent PI to reach as wide as it is possible when it comes to demographics like they do now in Hollywood.

Due to my own involvement with genuine Prime number related cryptocurrencies (mostly Gapcoin and my hosting of Riecoin nodes), I decided to take a closer look at the claims being made here.

...

The following people are openly and directly responsible for the Pi network project, according to this article ....

- https://www.stanforddaily.com/2019/09/16/stanford-grads-develop-cryptocurrency-for-smartphone-users-to-increase-its-accessibility/



"(From left to right) Vince McPhilip M.B.A. ’18, Chengdiao Fan Ph.D. ’14 and Nicolas Kokkalis Ph.D. ’13 cofounded the cryptocurrency network Pi Network with visiting student researcher Aurélien Schiltz. (Photo: Benjamin Mattingly)"

...

NICOLAS KOKKALIS
- https://hci.stanford.edu/nicolas/

The 'official' twitter feed @PiCoreTeam does seemingly show a video associating both Nicolas Kokkalis and Chengdiao Fan with this project ...

- https://twitter.com/PiCoreTeam/status/1245518844703072256

...

The Pi Network project is clearly not yet a 'live' and/or 'functioning' cryptocurrency. It is currently unspendable.

Pi Network (IOU) (PI)
- https://www.coingecko.com/en/coins/pi-network-iou

"This refers to IOU tokens. FUBT has shut down so this IOU trading is no longer happening. Main net launch of Pi Network is yet to take place."

...

This official tweet from @PiCoreTeam clearly demonstrates that the entire project is currently centralized ...

- https://twitter.com/PiCoreTeam/status/1220260428883775488
"Pi Network is currently offline. We are working to diagnose and get the app back up. Keep an eye on our status page for updates: hxxp://status.minepi.com. "



...

The Pi Network project is quite clearly designed to collect and amass a rather disturbing amount of 'users' personal information for the purposes of KYC ? etc., etc., Also, being highlighted here:

- https://changelly.com/blog/pi-network-pi-mining-step-by-step-guide/

(As to why 'industry' players like changelly are supporting projects without a 'live' cryptocurrency, and perhaps to the detriment of original Prime number related cryptocurrencies (doing actual math on a blockchain) like Gapcoin and Reicoin, remains unclear to myself!)

...

"Submit your #PiPhase2 video for a chance to be included in our celebration video for Pi Day and our transition to Phase 2! All Pioneers are encouraged to participate! For submission instructions watch the video below. Retweet and mention us @PiCoreTeam so we see your post!"

- https://twitter.com/PiCoreTeam/status/1237513542288302085

....

Conclusion: I'm fairly sure that the real Satoshi Nakamoto would find this currently centralized, not-currently-a-cryptocurrency, potentially privacy infringing (mining your data ?) smart phone application to be very far removed from the concept for Bitcoin and other 'true' cryptocurrency and altcoin projects.

Therefore, I will not be 'mining' and/or signing up for this project myself. I uphold the [warning] notification provided by the OP.

Have a nice day now!