Topic: Pi Network is at 5 million users (Read 529 times)

Pi Network hit 5 million users. I have a fairly active mining team if anyone wanted to join. Its free to mine and uses a consensus algorith instead of POW (proof of work) mining so its done on your phone. No actual money invested as the coin is still in the BETA phase. If you download the app use the referral code Umlum. Lets get this Pi.  

It's good to see that PI have already 5 million users and I guess the team behind it need to focus on listing it in the exchange because this thing might bring more users to them or else if they don't have a plan to list this in exchange it can cause loses of users because they might get bored or lose interest on doing mining without any gain. And for me, I would rather put my time on trading than mining coin who don't have plans to get listed in an exchange.

...snip...

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-curently-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! 

I also tried to mine this, but unfortunately it is running slow not listed on any exchange, I see much faster the same IDENA project also does not use money to mine just using a normal laptop and you can get free money from following validation and mining, you There will be more years by seeing my signature, I hope you are lucky with the Pi network, 1 more that not only Pi but IDENA also get a bonus from the invite, so you can get it for free and IDENA is already registered on the hotbit and qtrade exchanges

There are hundreds of youtube videos promoting the PI coin. I got several invitations from my friends, one I installed it and uninstalled it again. I don't find any roadmap about the listing in exchange also nothing about expected value. The team just thinks that as BTC had no value in 2008/ similarly today PI is, and one day it will have some value. 

Pi Network hit 5 million users. I have a fairly active mining team if anyone wanted to join. Its free to mine and uses a consensus algorith instead of POW (proof of work) mining so its done on your phone. No actual money invested as the coin is still in the BETA phase. If you download the app use the referral code Umlum. Lets get this Pi.  

Pi Network hit 5 million users. I have a fairly active mining team if anyone wanted to join. Its free to mine and uses a consensus algorith instead of POW (proof of work) mining so its done on your phone. No actual money invested as the coin is still in the BETA phase. If you download the app use the referral code Umlum. Lets get this Pi.  

Pi network started back in 14 March 2019. 5 million user within less than 2 years, is a big number. However, they have not yet listed their coin in exchanges for some unknown reason. 2 years of mining with no return doesn't look good and less attractive.

I too have earned few thousands of pi token from my mobile since last year but I don't know what to do with this since I can't sell those  off.

I'm not sure about the 5 million users maybe they just change in the statistics so that many join mining on this phone, even this promotion is continuous on social media I haven't actually tried but I have a feeling that this will not develop.

I have it in my phone but it's been so many months but no updates about listing or how to claim this coin, yes they do have 5 million users according to their stat but I wonder if the number will reflect when they start doing KYC there are huge numbers of multiple users here we never know, sometimes I forgot to turn it on because it looks useless your earnings is only on papers.

At first, it was interesting mining every day but at some point, I got tired of it because nothing was forthcoming. If the developers are really serious about this project then they should move forward with good listing to show how serious they are. It boring mining without ant future clearity.

So because it still in the BETA phase so there is no talk about getting it listed on exchanges? For a coin with 5 million users, I don't know if it is a good thing to undermine your own coin like that.

You can check their road map they are following their road map strictly so expect this project to launch next year, for me they should have launch soon and create a wallet for their token so people can claim I'm afraid they are going to implement  KYC so if you do not like KYC then better stop mining this early.

I just hope Pi use this busy crypto period to launch. People have been mining for over a year now and I think some are becoming restless. Let them launch in exchange so everyone can know how valuable it is

Pi Network hit 5 million users. I have a fairly active mining team if anyone wanted to join. Its free to mine and uses a consensus algorith instead of POW (proof of work) mining so its done on your phone. No actual money invested as the coin is still in the BETA phase. If you download the app use the referral code Umlum. Lets get this Pi.  

Why is it they are taking so long in listing this project to at least one exchange? At least give a lil bit of hope to those mining their coin. And if they do really ask KYC in the future, I don't think this coin is worth following for. They will make things hard for those that are patiently supporting their project and hoping that one day they will hit in a decent exchange.

Pi Network hit 5 million users. I have a fairly active mining team if anyone wanted to join. Its free to mine and uses a consensus algorith instead of POW (proof of work) mining so its done on your phone. No actual money invested as the coin is still in the BETA phase. If you download the app use the referral code Umlum. Lets get this Pi.  

Maybe you just get their sweet promise  I think it's just a waste of time if we are mining Pi coins but we can't sell it. I have not received information when their development team will list Pi coins on the Exchange. Reaching 5 million users is very fantastic but it becomes meaningless if they do not get satisfactory results.

Pi Network hit 5 million users. I have a fairly active mining team if anyone wanted to join. Its free to mine and uses a consensus algorith instead of POW (proof of work) mining so its done on your phone. No actual money invested as the coin is still in the BETA phase. If you download the app use the referral code Umlum. Lets get this Pi.  

POW (proof of work)mining so its done on your phone. this concept like electronuem but unlike electroneum, your coins cannot be sold, so why must doing mining if we can't take a profits?? And im not sure about "mining from cell phones". Electroneum with concept like this, mining system officially over, this also will happen to Pi Network

I tried to install their app months ago and uninstalled it too after a week (or less than) because of some issues here.

The instant surge of the users are probably because of the way you can earn their tokens. I've seen apps like this too but this is the only app where I tried to install it. On the other hand, you can't sell it at all at this moment so you are just rich in the dashboard and nothing else . You can say that it is your money if you can withdraw it and sell it to different exchanges.

I will not reinstall this in the future. I don't like the way people are earning token. It is quite easy to earn so I'm pretty sure that the token will be worthless too in the future because many holders will sell it immediately because it is free money . I can be wrong though so your decision still .

I don't know if Pi Network will have a real application. I'm mining their coin with my smartphone but I don't know if it will be ever listed on exchange or used in the app. Could be nice that the token could be used also for pay for some tasks

Pi network started back in 14 March 2019. 5 million user within less than 2 years, is a big number. However, they have not yet listed their coin in exchanges for some unknown reason. 2 years of mining with no return doesn't look good and less attractive.

I too have earned few thousands of pi token from my mobile since last year but I don't know what to do with this since I can't sell those  off.

Do you have any idea when they will be listed in an exchange?

The development team may be proud of their achievement hitting the 5 million mark but those who have been mining all this time are not so proud I guess. They have been mining for nothing. No money invested, yes I completely understand, but there is also no money made or gained.

So my question to you is very basic: What will I get if I mine Pi?

Pi Network hit 5 million users. I have a fairly active mining team if anyone wanted to join. Its free to mine and uses a consensus algorith instead of POW (proof of work) mining so its done on your phone. No actual money invested as the coin is still in the BETA phase. If you download the app use the referral code Umlum. Lets get this Pi.  

Pi Network hit 5 million users. I have a fairly active mining team if anyone wanted to join. Its free to mine and uses a consensus algorith instead of POW (proof of work) mining so its done on your phone. No actual money invested as the coin is still in the BETA phase. If you download the app use the referral code Umlum. Lets get this Pi.  

Pi network started back in 14 March 2019. 5 million user within less than 2 years, is a big number. However, they have not yet listed their coin in exchanges for some unknown reason. 2 years of mining with no return doesn't look good and less attractive.

I too have earned few thousands of pi token from my mobile since last year but I don't know what to do with this since I can't sell those  off.

Do you have any idea when they will be listed in an exchange?

Pi network started back in 14 March 2019. 5 million user within less than 2 years, is a big number. However, they have not yet listed their coin in exchanges for some unknown reason. 2 years of mining with no return doesn't look good and less attractive.

I too have earned few thousands of pi token from my mobile since last year but I don't know what to do with this since I can't sell those  off.

Do you have any idea when they will be listed in an exchange?

I too have earned few thousands of pi token from my mobile since last year but I don't know what to do with this since I can't sell those  off.

Keep in mind that as long as the coin is not listed, all your gains are "monopoly money".
There are scam accusations in this direction already. Everybody is told to be gaining, but all you did was to give up personal info (the phone app can get quite some info) and received .. promises.
Some even fear that in order to cash in people will have to fill KYC info, which can be even more problematic.
Search and read more....

That's a waste of time if there's still no exchange that has it. While the users are kept on doing that mining thing on their phones, they seem to believe that they are actually mining.

If that starts asking KYC soon, I guess you all have to start forgetting about the coin.

Pi network started back in 14 March 2019. 5 million user within less than 2 years, is a big number. However, they have not yet listed their coin in exchanges for some unknown reason. 2 years of mining with no return doesn't look good and less attractive.

I too have earned few thousands of pi token from my mobile since last year but I don't know what to do with this since I can't sell those  off.

Do you have any idea when they will be listed in an exchange?