Is Pi Network A Scam? (OCT 2024 UPDATE)

[@carlhammill5774]

Because Pi is not on any exchange & there is not enough money to cover people who want to sell....it leads to one conclusion: users will need to deposit their own money to fund those who want to sell. This was plan entire time.

[@Donna777]

Hopefully the core team is saving up all the ad revenue for liquidity. 🤷‍♀️

[@carlhammill5774]

@@Donna777 Ad revenue is only 3 mill year. They need users to step up with their own money - build robust marketplace using pi as currency then hope large company comes in and buys it. I decided not to KYC so good luck to you guys.

[@pakpresidenkonoha]

Do you know how many pi losses before of open Market? Psikologi playing

[@Unmaleable]

If the core team didn’t invest in bitcoin……..then that’s a shame…..could’ve used that to help fund pi network….supposedly it’s going to go on exchanges December 2024….. but ehhhh doubt it. We wasted 4 years fellas. Wonder if there’s anyway we can get a class action lawsuit going…. I want 4 dollars for every time I pushed the mine pi button. 978 Pi……Give me my $3,912 dollars

[@Donna777]

@Unmaleable What if that's what the mainnet delay was all about. Maybe CT invested in BTC and was just waiting for the bullrun. 🤔

[@Mezmirize]

You can be sure that in moment of open market more then half pi coin will be permanent lost due lost phrase and quit mining

[@starby1243]

@@Mezmirize It won't be lost. They'll take it back for mining again that's what I understand. Even if half is lost it is still 50 billion. That's 50,000,000,000 compared with BTC 21,000,000. Pi will never beat Bitcoin

[@singingfor3683]

And the worst thing is team owns more than 50% of available coins. But Bitcoin has no such thing

[@franco2739]

You sound like its 2009 and BTC just launched. 40 Million people are on board, if you anything about Crypto its that adoption is key. You run a "Class" on Crypto? Now who is scamming who?

[@virginboy1013]

BTC was present when people were not yet aware that "cryptography" could be used as a means of payment, this is also the selling point of BTC and what makes BTC a revolutionary product. Meanwhile PI coin? what do they offer? The story about how they convinced the government to use Pi Coin as a means of payment in their country? Is it revolutionary? no, that's stupid 💀

[@franco2739]

@ PI is cheap to use gas fees for BTC are very expensive. Pi is being accepted by brick and mortar merchants in Asia. BTC is a store of value not a currency. Pi is a currency with 100x the utility of BTC. Show me a place in world where you can buy bread with BTc?

[@michaelmuir2032]

Been mining for 3 years and got a fair few coins.. I've aways maintained a let's wait and see mentality with this project.. I hope they succeed but I'm uncertain about the liquidity side .. Keep posting m8!!

[@YHWH.Finesse]

Facts Bec where is there money gonna come from. The money that we are gonna want to cash

[@turontv300]

i buy coin for 0.8 usd

[@saifshaban8090]

@michael

[@Donna777]

​@@YHWH.Finesse Maybe ad revenue will be used for liquidity? 🤷‍♀️

[@Unmaleable]

It will never launch lol…. When we push the mine pi button our IP is probably added to some bot network to randomly click ad links. Idk if anyone’s done an analysis but I think I’m got to boot up my network forensics OS and see since I’m bored today.

[@kaspaking]

I've mined this since like 2020, got 18k pi but I'm still skeptical

[@rolandrice8792]

Makes you part of only 2% in the world to have that much pi. Welcome to the club brother

[@boblee85]

you arevnot losing money on this, just hold on to it. you will be happy

[@himawan13septianto93]

Iam just have 1900 pi. Lock 2025. And hold 100K XLM

[@just6letters671]

U only have between 1.5-2k pi, earned pi thru ur circle isnt transferable atm

[@georgelroman8304]

😂😂😂😂😂 privileged​@@rolandrice8792

[@atiif9201]

If its decentralised, then why need your pasport and fingerprint 😂😅😂😅😂

[@ronaldrigz123]

No longer anonymous

[@CaraKönigsblau]

the password was for the app itself, which existed much longer, it was more of a simulation at that point until they connected it to the whole system. For your wallet you need your passphrase with optional fingerprint.

[@Otakuhavens]

ID is for security reasons, for those that want to illegally have multiple accounts to get mine more pi or those going against the pi network policy.

[@luscious_delight]

@@Otakuhavens Be honest to yourself, these policies are just big business at practise.

[@nellymanson]

Im in the trenches, I don't know anyone interested in pi...! Certainly not me.

[@noahf1042]

I’m also in the trenches. been mining for years. No one is interested 😂

[@franco2739]

you need to speak one of the 40 million. FYI Pi isn't for the people in the "trenches"

[@turontv300]

i buy pi for .80 usd

[@KM-di8zl]

There is information...They dont sell data at all..

[@skzanagate2980]

Do people realize that it is meant to be a currency and not a product to be sold?

[@virginboy1013]

currency for whom exactly?. Almost all countries prohibit using currencies other than their country's currency, because it will disrupt the country's economic security.

[@prasanthprabhakaran89]

I guess 3.14$ will be the launching price

[@CaraKönigsblau]

I'm mining since 2019, my 3 year lockup will end in june 2025... And I honestly don't believe it will ever reach 1$. Maybe 0.5$ at best in a few years if it ever really launches.

[@zabiullahfayeq6590]

Exactly. I am sure it will launch below $1, you will see

[@antonioburazer21]

What can we do with PI tokens?

[@kurevijai]

Pay for goods and services inside of pi ecosystem, but cant sell them as pi has not yet hit the exchanges

[@chidede]

A lot. Utility is good

[@lewiszengeni2785]

DYOR

[@turontv300]

i buy coin for 0.8 usd

[@starby1243]

100 billion Pi? Price is 0.00004 probably. Low price LOW MINING RATE will take you weeks just to get 1 cent.

[@PsalmChessPuzzle_23]

Source

[@starby1243]

@@PsalmChessPuzzle_23 Tokenomics. But if you buy iou you can sell for profit 31st December. NFA DYOR

[@Mezmirize]

No 100B more then half of that is lost of no kyc and stopped mining

[@彭眯眯眼乓]

It is so funny when you look at the map of pi. Is there really any business that you are interested that make you want to buy pi coin for 31k just to business with em? People are funny as fuked since COVID.

[@starby1243]

@@Mezmirize What does that have to do with total supply?

[@ricksbiz41]

Btc was sold on the pretense that one day, it would be a digital currency. Just an idea, with NO value, until it created a block chain, It was an IPO. To date, it's tradeable. PI was reversed engineered, and it created a block chain (security system) first worldwide, which makes PI a value on to it's self. A digital currency, medium of exchange, with it's on purchasing power. It's not worth any currency. Which is the way of medium of exchange. But, very much on its way out! When the world does stut off currency, as a medium of exchange, Humanity is going to be holding worthless paper, coin.

[@billkoji240]

Well my data was already out there so not a problem there but good consideration but truly whose data is not out there already 😅 Just as they said with bitcoin and i assumed about bitcoin that it was crap I missed that did you and bitcoin didn't have infrastructure or the funding pi does and still building no crypto has what pi does its the next evaluation of crypto 😮 just my opinion not legal advice Pi network to the moon to infinity and beyond NY USA I ❤pi

[@carlhammill5774]

The documentation needed for kyc is enough for someone to buy house, car in your name. Fixing your identity is no small task.

[@johnnylunchbox6066]

ive been in crypto since 2021. every single project that claims it will be mass adopted or is better than btc ect always goes to zero. its bullshit. for this to work there would have to be hundred of million of dollars from people looking to trade it instead of mining it. your right you cant just press a button and sell the coins for 5k. it doesnt make sense. even if there is people trading it normally and not mining. the graph shows the coin is price manipulated. it went from 30 to 120 to 0.2 in less than 2 months. also how is it mining with low compute power? you literally need compute power to mine crypto unless your staking to validate nodes. its not a POS coin tho... the most likely answer is thats its not mining their just giving out tokens and harvesting data. crypto noobs love shit like this.

[@lewiszengeni2785]

Go and argue witt Dr nicolas, he is the one who have written a thesis about this things. There are no experts here, all are wannabes

[@turontv300]

i buy pi coin for .8 usd

[@DorteAnnette]

Great analysis, thank you! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?

[@Skelch777]

😅😅😅

[@michaelmuir2032]

Nice pass phrase 😂

[@YHWH.Finesse]

You HAD a wallet😂 gone need a new one now brother

[@sinishko]

if they don`t open it since end of 2024, I will stop mining... I already doubt in it

[@turontv300]

i buy coin for 0.8 usd

[@sundayemmanuel1917]

Pi network will be valued at a GCV price of $314,159 at open mainnet

[@starby1243]

It won't. There never was a GCV

[@maikeralvarez5124]

Stop believing that nonsense, it is because of minds like yours that many people take advantage of these garbage projects.

[@i-rw2ox]

😂😂😂😂😂

[@aksilamazighi8977]

@@starby1243that what we thought about BTC

[@ronaldrigz123]

Ridiculous

[@SerhanOguzlu]

Pi to the mars ❤

[@hopeless_lifez]

if anyone interested to sell your pi coin reply

[@SaidAgchar-h3p]

I have 400

[@hopeless_lifez]

send me wallet photo

[@CroatianDivision]

me for 10k

[@hopeless_lifez]

@@CroatianDivision ok deal 🤝 for $30?

[@CroatianDivision]

@@hopeless_lifez 15k

[@honeybee9213]

It's like the blind leading the blind

[@antonioburazer21]

Can we cash out PI?

[@patricka.crawley6572]

The Pi team won't let that happen.

[@hyipreaper553]

Yes if its in mainnet wallet you can sell

[@GhostlyPancakeTheOddMancake]

Been researching this for a hot minute. There is no tangible way to cash out Pi. All monetary value is based off of IOU place holders. No network currently supports direct exchange of Pi.

[@josephnerikos9123]

​@@GhostlyPancakeTheOddMancake people are it on athene p2p

[@GhostlyPancakeTheOddMancake]

@@josephnerikos9123 people can trade amongst themselves. There's no way to actually convert the tokens over to any currency of value

[@josephnerikos9123]

Buying pi coins at good rates

[@rayrungay7401]

Got 4000 of these useless tokens!!😂😂

[@RES1GOD]

It's not useless. Even if the price is $5 per coin, people will still benefit by getting thousands of dollars if not hundreds.

[@rayrungay7401]

@@RES1GOD $5!?! In your dreams-lol!!!

[@cyber5060]

Give those tokens to me then

[@rayrungay7401]

@cyber5060 After spending 3 years mining them.....I don't think so!!!

[@harryevans4513]

​@@RES1GODif the price is $500, it will mean $2Mn. If the price is $0.5, it will mean $2,000. If the price is $0.0005, it will mean $2. Could you give your source for the $5 price? I'm interested in knowing.

[@askfor666]

pi is go down and we got shit !

[@sg1-xq4yd]

Diabetic ??

[@NunnTheWiser.]

Lie coin

[@magmaxcherry6308]

You can literally sell your coins for 63$ a coin rn it shot to 138$ this week

[@彭眯眯眼乓]

What dollar? Yen?

[@magmaxcherry6308]

@ im in Canada can sell on bitmart for 54$ usd rn and it’s about to have a big pump

[@YHWH.Finesse]

@@magmaxcherry6308what are you talking about? I need details

[@singingfor3683]

That is not real pi coin. Omg. Hope you didn't really buy it.

[@AnesNizic]

Reply if I want to buy 3.5k coins 30$ per 1 pi​@@magmaxcherry6308

[@明福羅-k8c]

pi will be 。 100000000000000000。

[@Fitrahproductions]

Pi Is a,SCAM

[@dwyane2.098]

How lol 2009 Btc was free today it’s trading @ $69,000 per coin

[@爽YY]

Btc max supply 10 mill ,dig and sell no restrict . Pi scum take million copy of passport and faking non stop kyc. Send this faking Nicholas to jail

[@Ali_Crypto30]

@@dwyane2.098 People forgot about that lol

[@TheLuckyTrader-d3u]

How does Pi have scamed you ?

[@i-rw2ox]

​@@dwyane2.098 dude compares Bitcoin (the mother of cripto) vs random project lol, today there are more than 9k crypto project, things are diferent today

[@yukie4299]

Pi network is real😂

[@Skelch777]

You have a video explaining thar?

[@RES1GOD]

​@@Skelch777they are going to launch the mainnet at the end of this year. And currently one coin is priced around $40 and slowly is increasing.

[@just6letters671]

@@Skelch777you dont need any explanation video if you would not believe anything in it.

[@floridahummer]

if you want some ral pii get to wigan, real pies you can enjoy.