My thoughts on Pi Network after 3 years and almost 1 million tokens

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It's been about three years since I made a video about the Pi Network
and I thought be a great time to share my experience of what I think about the network since.
The Pi network is a project to make a global cryptocurrency because he called Pi and and it's also a project to make an ecosystem
around this currency today there's roughly 50 million people who mine Pi
on their phone.
The official Pi Twitter account has over 3 million followers and when I first saw this project there was a couple of reasons why I found it really interesting.
The first thing about this project that really stood out was that
it was made by very smart and recognizable academics who also went to Stanford many of you guys might have saw this article but this is what initially hooked me onto the project itself.
The second thing I liked about this project is that it had a lot of funding from very respectable and very wealthy people and according to a lot of court documents. A company was able to accumulate more than $800,000
in funding and having a lot of funding doesn't mean a project is good or bad
but it does mean that the project can survive for a very long time.
And the third and the last reason why I talked about the Pi network at all
is because of how simple it is to mine Pi. This is basically done on an app on your phone and it doesn't require any sort of money or big investment.
Instead you simply spend 5 seconds every single day to mine cryptocurrency on your phone and you basically just open the app and click a button
and for many people the goal was to accumulate as many coins as possible
and then sell these tokens.
Once the project initially launches and these are some of the things that I really enjoyed about the project and there are a couple issues and possible solution to this issue that I'm gonna talk about in the later parts of this video
but over the years this project has been accused of being a scam
and in this video I'm gonna talk about what I think about this project and how my thoughts have changed over the yearsthe first thing I wanna talk about
is whether or not Pi is actually a scam

[@karansinghrai5628]

Do you really have 700k + coins ??

[@Notjimmymaio]

Check my older videos. Yes but many are not migrated

[@krutojsumkin6699]

Unfortunately, these 700k Pi will be of no use to you if you don't migrate them and don't have them in your wallet. You probably have so many Pis because you invited a lot of people. But these people should all have done KYC, otherwise you won't get these Pis in the future. At the moment you only get Pis from base rate and the Security Circle Boost as far as I know. Everything else is still to come

[@krutojsumkin6699]

I think it's good that the project doesn't just throw it into the stock exchange and then tear it apart by everyone selling off their coins. The Pi developers are trying to avoid this so that something like this doesn't happen in the Pi Mainnet. Of course it's interesting how they'll do it

[@krutojsumkin6699]

It is the intention of the Pi developers that the Pi Coins are used to purchase goods and services and not to sell them on the stock exchange and then convert them into dollars or euros

[@spaceethacloud3907]

I got 6 figures also but ..... not enough ppl kyc so I have like 700 available 😂

[@kenohnegulle]

"Modern Family" after saying "your favorite sitcom" insta subscribed xd

[@chrislacey7437]

This is the best breakdown of the pi network I have seen to date well done sir very well articulated 👏👌❤️‍🔥

[@chinnymisc]

i love your videos bro and was sad when you delsited them :(

[@weshwesh3450]

Liquidity doesnt come from core team it comes from exchanges.when the pi is listed .eg a meme coin..they are worth nothing till they get listed.because they hold consensus value.

[@jaygillis2403]

Liquidity is only needed on a DEX to balance out the pool. On a centralized exchange you have buyers and sellers... so liquidity, in the sense of liquidity pools, are not present on CEX exchanges. This is where Pi begins. Once the volume hits a million dollars per day, others will open up liquidity on DEX's and the coin will find its true value. Stanford grads know this. Thanks for the video and keep sharing with the world!

[@popularshorts6662]

I think that's why the ecosystem is being built. I'm not going to cash out, I'm going to spend within the ecosystem. P2P all the way.

[@RabianOfficial]

We are not thinking about selling PI. Its the next Bitcoin. Ill buy your PI if you're selling

[@Viral_Barn]

I have a thousand pi I’ll sell you half for $50 per coin

[@titan_0608]

I'll sell

[@sethother8012]

very good advice. I’m going to take it

[@JacobHampton-df4cd]

Good video tho bro !

[@birendrachoubey6122]

If I am not losing money, then let's make someone rich 😂..

[@Jamal-e7i]

Hello I can buy your pi

[@birendrachoubey6122]

@@Jamal-e7i no you can't 🤣

[@Jamal-e7i]

@@birendrachoubey6122 how do you mean?

[@Jamal-e7i]

@@birendrachoubey6122 name your price

[@basedaf5580]

think about how much they are making on ad revinue from all users being kyc verified

[@tokupuchophy753]

It's utility based too. That's gonna give value to the pi coin. Many will not sell it. They will rather keep it for themselves and buy utilities.

[@yannyboi706]

I support you. Anyone who smart will always understand what you felt. Anyway im also have 100k+ pi but whatever. The project succ

[@shaneMcguire1981]

You don't have 100k in pi

[@Jamal-e7i]

Hello I can buy your pi. High price

[@thomasmartin4768]

@@Jamal-e7i1000USD for 1 pi

[@joepa791]

@@Jamal-e7i What price we talking about

[@Jamal-e7i]

@@joepa791 if you have pi you tell me... I buy them...

[@micouba7244]

There are really no liquidity because the prize was based on the community on how much they will decide for the the prize of one pi

[@pinetworkfacts]

Where and who started the gcv $314,159? And also, many said that according to the white paper Pi does not need to be liquidated. Because it will become the money itself. No one has ever done this before so it's very difficult to understand the knowledge of Pi core team

[@america4ever45]

The solution is tapping into XRPL to utilize their ODL product.

[@igotcha1345]

It's all new stuff. Once the bugs get worked out it will be worth it.

[@yuliusbayu]

Hi, I have join to pi network since 2016 ann now still waiting pi launch. I stay in Bali Indonesia, do you know PIC who incharge pi in Indinesia? So I can join the pi community here. Thanks

[@Abdulrafiq_pitrader]

I will buy your pi at a very high rate and I will make payment first

[@ChibuikeIhemadu]

Great lesson

[@user-wo6em7ow8x]

Very few people are going to sell for .00016 or whatever number you said. Very few people who have less then 10,000 coins are going to want to sell at such a low price, and every user I’ve spoken to plans on buying more pi coin when it’s available if the price is under $5-$10.

[@Jamal-e7i]

I can buy for high price. That’s if your interested

[@courageux430]

There is advertisement on app when you open it

[@inemesiteffiong6746]

Pi Network to the moon, Akwa Ibom State Nigeria,

[@user-oe4qv1lf4w]

Please help me out my kyc results is not yet approved please help me out please more than years na

[@marietjiemessaoudi8843]

We love Pi.💜💜💜💜💜

[@sonohenroyal5823]

I have said my own ooo

[@patricka.crawley6572]

They'll make you buy your own Pi.

[@Labantey-dl6mw]

My KYC liveness the said something want wrong or try again the camera is not coming

[@kevgits]

At least you have some objectivity.

[@user-uo8lb8td1k]

That’s why i locked up 90% pi in wallet so please all pi holders you have to lock up at least 90% pi….that’s is great contribution for the project ❤❤❤

[@AlonsoVPR]

I locked 100% for 3 years... all or nothing XD

[@gamingpuyat1215]

Lol pi is scam dev is getting rich waching adds on apps in here KZbin thats all pi never lauch look developing project is slow beacuse thats no develope

[@user-uo8lb8td1k]

@@gamingpuyat1215 anyway you have a lots of choices for live you just think it’s not for me that’s it lol ☺️

[@AlonsoVPR]

I really doubt the project is a scam. The two apps work very well, and the entire KYC process involves development costs, takes time, and functions perfectly. No scam project would go to the trouble of creating such good development.

[@edmardelrosario393]

You can say that cause ur a newbie.

[@muamedbajrami1443]

Why they push people to invite people to migrate coins that is not fer because when tray to make moor friends all of them refused me because nobody believe this will achieve value or be listed on exchanges so hard to make friends and why don't migrate all minted coins but they keep locked that is stupid because is very slow minted coins

[@NadineLynch10]

My mainnet hasn’t opened yet for migration, still waiting in the queue

[@Zakiroubi123]

We hope for good news on the 28th about the launch of an open network

[@chulylachuly]

Did they launch?

[@GornubiusFlux]

This is the most informative, to the point video about Pi I have ever come across in my time mining it. This hits the nail on the head perfectly for the sort of format for discussing it Don't forget, they have the option to enable ads in the app. I'm sure they have a steady ad revenue from that to prop themselves up, along with their supposed investments. Speaking of, would you be able to link the articles/interviews/etc. you found for the footage of this video? I have had a hard time finding genuine Pi content, it would be great to know where they are.

[@stageworker23]

Iv been trading pi .. its being used daily

[@shaneMcguire1981]

You trade pi?

[@user-rs1zv2ee7q]

I love pi❤

[@chinitox44tv89]

I guess in the year 2050 Pi will be launch.

[@yaninininjhazvlog6128]

Pi to your dream😊😊😅😅

[@arunavasutar2464]

R u think people are idiots that 1mil tokens are Refferals token ur one token may be not more than 4-5k.

[@GarbaAliyu]

I have almost 7000 tokens and I got 1800 migrated 2 years ago. The rest are still hanging with no hint from the CT about when I will get the rest migrated.

[@xsleptx554]

Do you have the browser app? I was able to move more to my main wallet using that app. It was confusing. Also If the people in your security circle never kyc then whatever portion you would have earned from them will not be accessible.

[@Abdulrafiq_pitrader]

I will buy your pi at a very high rate and I will make payment first

[@boardmeetingsofficial]

I guarantee you that they created the app and network to gather data from every users cell phone and then they sold that data for a profit.

[@bryanyork4848]

Pioneer named Yodaman530 told you to say that, right ?!? He’s giving false information in pi chats !!!

[@odzergaming]

Google, Facebook also does it

[@mathewm3073]

Ur literally on yt rn. A platform making profit form ur info.

[@anthonylewis1777]

Well keep pushing it back, it will never mainet, most of everyone pi is locked up,so, what they talking about.

[@reevestech]

Hello what can I do if I lost my pass phrase to my wallet?

[@ronakio]

Lost forever.

[@zeeone4492]

Cry

[@xsleptx554]

I just got mine back after over a year.

[@Jamal-e7i]

@@xsleptx554do you want to sell a fraction?

[@saanviphulari2165]

100% pi network scam project Per week one lolipop Today tomorrow one lolipop

[@alvinalvo3498]

Hey, are you really pi is a scum!!!?? Can you send me your logins of pi to confirm from yours if you mined more 😢

[@fruitsalad8572]

i logged into my pi wallet using my 24 word password and it gave me an error xd

[@NemAguaBebes0bla]

try again later. i had same issue

[@fruitsalad8572]

@@NemAguaBebes0bla it worked ty for this comment

[@Jamal-e7i]

@@fruitsalad8572do you want to sell sir?

[@dms4199]

Bla... Bla.... Bla

[@789overdrive]

Look for the idea or create your own idea to solve pi network problem😂

[@benvandermerwe4934]

👏🏻👏🏻👏🏻🥂🇿🇦

[@FrancisTV115]

The day pi will launch the whole world will be in shock it will be in CNN and BBC

[@JacobHampton-df4cd]

Cuz I mined for 10 years and can't kyc

[@anhhuydo6083]

😂😂

[@akinkunmiafeezsafiu9679]

Project started 2019 how come u mine for 10 years

[@zeeone4492]

​@a 3:24 kinkunmiafeezsafiu9679 back to the future

[@3labr824]

Its crazy how you never mentioned the countries that are doing p2p trading. Majority of the peoplewho use pi network are going to be using this for day to day. Also, we have ambassadors supporting the pretense value of 314,159 usd by host and planning events and providing news coverage in their respective contries. Please do better

[@3labr824]

Theres a whole side of pi network you did not mention

[@alvinalvo3498]

Hey, are you really pi is a scum!!!?? Can you send me your logins of pi to confirm from yours if you mined more 😢

[@TheEquilibriumEffects]

700k pi my ass. I've mining since it came out and only have 5k.

[@Notjimmymaio]

Check out my old videos for proof lol

[@TheEquilibriumEffects]

@@Notjimmymaio yes your account can show that but show us your actual migration. Not even the core team have 700k pi, impossible, even if you have 10k people mining under you.

[@Abdulrafiq_pitrader]

I will buy your pi at a very high rate and I will make payment first

[@Jamal-e7i]

@@TheEquilibriumEffects hello I’m interested in buying your pi

[@TheEquilibriumEffects]

@@Jamal-e7i not for sale sorry, you wouldn't be able to afford my price, I value pi above BTC, I suggest you wait until it launch on trading platforms live net , because alot of people can't wait to sell theirs dirt cheap, and to me anything below USD $1000 per pi is cheap.

[@shaneMcguire1981]

I have over 1,000 pi and can get more

[@Abdulrafiq_pitrader]

I will buy your pi at a very high rate and I will make payment first

[@Jamal-e7i]

I’m interested in buying man. Are they migrated?

[@zeeone4492]

They only pi i like is meat pie

[@nahekoweit4294]

i locked my pi @3 years hahaha

[@user-wm6ko8xt9n]

Scam or not is ok for me this a free mining only.

[@Words4Wisdom]

I was only able to mine 200 tokens 😅 it's slow process

[@edmardelrosario393]

Cause ur newbie 😂

[@ryansilverman3164]

@@edmardelrosario393how many have you mined?

[@Abdulrafiq_pitrader]

I will buy your pi at a very high rate and I will make payment first

[@Jamal-e7i]

Hello I want to buy

[@hustlingMan]

Well if they need liquidity they could open Ico. Even meme coins raise 20 mil in a day. Your argument about no liquidity is weak. If pi open its public sale 100 mil will be raised in no time. Only Developers know why they are delaying,,,

[@pinetworkfacts]

But where is the black guy now?

[@NemAguaBebes0bla]

gotta respect your thoughts about pi. but from what you talked about its missing nice information like Pi being integrated in Banks, more then 50, also some Billions in BTC being invested in Pi. :D but obviously like you said, if you dont waste more then 10 sec and dont really know to much about the news its normal. BUT, i actually enjoyed your video man. NO HATE HERE

[@alvinalvo3498]

Hey, are you really pi is a scum!!!?? Can you send me your logins of pi to confirm from yours if you mined more 😢

[@ag9073]

Source? Hokanews? Trust me bro? I'm pro pi but I wanna verify this.

[@JacobHampton-df4cd]

Project sucka if they gonna hold pi from 10 year holders

[@Wayne-rv4kp]

I have a million pi coins so what??????

[@alvinalvo3498]

Hey, are you really pi is a scum!!!?? Can you send me your logins of pi to confirm from yours if you mined more 😢 then we see how we can migrate the coins before they burn

[@steveirvinejr1672]

Pi coin £0

[@chhotuchaudhary2031]

Big scam pi network

[@yawzerdoink-a-sore-as8159]

I will not sell. I don’t want the money. I want to be a part of something, I want to be a pillar for the network. 💎 🙌🏻 this will mean a steady income over time, no need to sell. Just lockup what you have and when you get more sell that

[@stephanebio6664]

ahaha

[@Memo-bo7jq]

This is bullshit! Memes getting presale and getting listed after few months no kyc no nothing and people are able to trade those. Its been 5 years since this crap coin launched their app and im from the beginning. Its getting annoying knowing that no progress is made for almost 3 years. If it fails we pioneers should denounce that piece of shit of ceo(Kakalis).

[@jivy7600]

Don't make comments like this or question the progress of Pi in the app because I did and they muted me and threatened to ban me. That action right there told me all I needed to know. If they don't want you to question what is going on then there is a major red flag. I never cussed or said anything nasty and I was still muted in the chat and they threatened to ban me!!!

[@Memo-bo7jq]

@@jivy7600 im aware brother. This looks like scam,im from the beggining and there is little progress already 5 years of the app launch. Just make sure to save the wallet keys and we will wait to see if this crap of coin launch its mainnet. Stay strong 💪

[@Abdulrafiq_pitrader]

Still buying pi at a very high rate and I will make payment first

[@assetaldo489]

I have a 777 coins

[@onlymusicrelax2470]

To querendo vender 100 moedas

Diga preço

[@onlymusicrelax2470]

No momento só tenho 7

[@DJNicShogun]

SCAM NEXT

[@joveydelfin1847]

I suport pi core team

[@ASHI_vava]

Fake chanel

[@Wayne-rv4kp]

You got that right.

[@alvinalvo3498]

Hey, are you really pi is a scum!!!?? Can you send me your logins of pi to confirm from yours if you mined more 😢

[@GuferyOhwoka]

Scam project 😂😂

[@alvinalvo3498]

Hey, are you really pi is a scum!!!?? Can you send me your logins of pi to confirm from yours if you mined more 😢

[@davidsmith228]

You have lost all of my attention. Sorry

[@inemesiteffiong6746]

Pi Network to the moon, Akwa Ibom State Nigeria,

[@FrancisTV115]

Dey play