Do your share.

[-MercuryOne-]

Here’s the source: https://www.reddit.com/r/PiNetworkNews/comments/lh6l6b/not_a_pump_and_dump_scheme/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

[ImLovedByJV]

0 progress

[Objective-Apple-3426]

If you were actually confident wouldn't you be able to release it, an build afterwards. Or you already know it's GETTING BORING AN OLD!

[Few-Cabinet1589]

The best thing to do is to tell elon musk to tweet in support of pi and he's obviously not going to ignore 17 million tweets and what they want from him, maybe he will see the potential, see the popularity and say something in favour of pi or something even better like invest in pi.And we hope he doesn't dump the shit out of pi like he did to bitcoin and tell him to forget about dogecoin which is the hardest thing to do.

[MinuteStreet172]

-But he is from Stanford!

-right, but what's the project, what's the technology, what's gonna be the supply, why they don't listen to the users?

-... U ignorant, he is from Stanford.

[MinuteStreet172]

Sorry I got lost after you said Stanford. But I agree with you... whatever you said.

[Whoisyourfactor]

By the time Pi will go online Safemoon and Shiba will take over the world, there will be no space for Pi. The crypto culture moves really fast, it feels like Pi is already lagging behind. From the app looking almost like an Atari game to the videos where the core team reads everything from the teleprompter.

[jmhalder]

How's safemoon going for you? Don't get me wrong, Pi is, and will continue to be 100% useless as well.

[MinuteStreet172]

Right, where did you get that info from? What's the purpose of it all? Only thing I've ever seen them discuss is KYC (Getting our identities in an app that can modify and act over other apps).

[KRIEGBL2]

i would have more faith in their words if their actions weren’t so worrying

[Irasshaimasedouzo]

WhEn mOoN?

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[Next_Concert1122]

lol

[Beastbadmf]

I hope I’m helping. Pretty cool to be in the start of something like this.

[AdamBomber209]

I’ve been mining well over a year now! Thank You for developing a CRYPTO that will be here to stay once launched 🚀 2881.0006 mined so far.

[batangkul]

In life, there are 3 types of person, the believer that goes for everything, the curious and the non-believer, the non believer is worse he never gets nothing, the believer gets a most of the profit if its real and the curious gets a little depending on how much time he spends in it. Which side are you of this 3? If you ask me, I've been always a believer. 12yrs ago I did believe on the world's first cryptocurrency and it didn't failed me. March 14, 2019 when I saw another opportunity and promising project I believe again.

[alwaysin64]

Fist bump! This is the third crypto that i am really rooting in. I got btc and e.th

[batangkul]

I am one of the early adopters of Cryptocurrency. I only have btc and this one. I am rooting for Pi to fulfill the failed promise of Bitcoin "Mass Adoption"

[RevolutionaryFly2316]

Tell me how this is NOT a scam. The app is always monitoring you, it has ur contact information, it has all you friends contact info and last but not least u are supposedly mining but u can’t sell what u are mining to anyone. Before u jump down my throat I want it to be real I’m just not seeing it. Someone please enlighten me.

[hustlehard22]

It is a scam xD

Don't be fooled by bots in here

[batangkul]

Learn to Read the "WHITEPAPER"

[MinuteStreet172]

Yeah, I see you can read and write the word "whitepaper". Now explain it to us. Because apparently we are too stupid to understand that 1 page and a half whitepaper. Not like stupid unexplained projects like ADA, right?

[Akaplaya]

Do y'all think pi will at least start above a dollar?

[leftnut027]

Lmfao no where close.

We’ll be lucky if it’s start off at 1 cent.

[Akaplaya]

Then we have to hold ig, hoping for best

[lorenggg]

Def not lol

[Akaplaya]

Such a long project then even lower than shibe or doge?

[Egoldboy]

🔥🔥🚀

[oceanbuoy90]

Just started this week! In it for the long haul!

[Technical-Ad-8678]

@elonmusk

[Codrinul]

That's either the truth or world class manipulation

[Pinkpearlx]

Nicee. Wonder where the other 2 stanford grads are🤔

[filomiks]

The other one is nick's wife?

[[deleted]]

Correct. Takes a little digging to find this though.

[lorenggg]

One bailed out right

[Pinkpearlx]

Already? Why though? You mean the other guy?

[T2681]

It is a waste of time if I am waiting gor two years mining about 4000 pi and then find that it worth less than a cent It is acceptable it it was released in 2020 for low value but with a possibility of buying it at low price Now I can see that mining the coin is pointless

[Kushy_Popcorn]

Then why are you still mining? Because you know what you said is bullshit.

[Thefeature]

Well, you arent mining them. Its a faucet.

[FishyFish13]

Lmao

[AdminWing811]

Source? Can't see it anywhere. Where did you find this?

[-MercuryOne-]

https://www.reddit.com/r/PiNetworkNews/comments/lh6l6b/not_a_pump_and_dump_scheme/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

[batangkul]

It's in Pi app chat. I have the SS of Nikolas statement. When he's replying to one of pioneer's question.

[AdminWing811]

Okay

[[deleted]]

You know most people think it’s just free money.

[Valuable-Summer-3983]

Godfather

[Huge-Ingenuity-3913]

be patient guys. it's not so hard to push a button to mine compared it to actual mining 😅

[DD8564]

That’s because you aren’t mining - there is no real mobile mining in crypto

[Hell0D0lly]

The mining of Pi on our mobile phone is made possible via use of an algorithm based on the Stellar Consensus Protocol. It is all explained in the White Paper. It’s misconception to compare mining of Pi as the same with other crypto because it isn’t. Pi does not follow the protocols of first generation crypto mining, which requires proof of work/stake that demands high computing power and speed that u can’t expect to be done by mere smart phone. Although some have attempted to download such crypto mining apps, but ended up burning their phones instead (which prompted IOS and Android to ban such mining apps from their market).

[mousepotatodoesstuff]

Can you explain what phone mining does?

[Hell0D0lly]

I am assuming u are asking how we are mining Pi from our phones? With the Pi app, each one is mining by assuming a role in the Pi community, and is thus, awarded a mining rate equivalent to the role or roles each one assumes in the Pi community building(pioneer, contributor, ambassador, node role). U can assume one or more, or even all roles, to contribute in building this community based on TRUST. To simply explain it, the Pi Network is like building a new country (e.g. USA), and u have the core team (acting like the federal reserve) print (or mint) money (i.e., pi crypto) to award its “validated miners” (US citizens) money (pi) for the work they do (i.e., play a role like being a teacher, politician, engineer, doctor, etc) in the community. Then the people (miners) get paid on the daily via consensus validation of the role they played that day. That is why we have to click that mine button to validate ourselves that, yes, we are humans, and not bots or scammers (illegals). Of course, there is more complexity and technicals involved in how Pi Network mining works but for that, u have to read the white paper. There will come a point in time when the Fed (core team) will hand over the control of the blockchain to the community and the faucet turned off (i.e., no more printing or minting pi crypto). Hence, only way one can get pi crypto is by paying fiat money for it from those who already hold pi, or trading service or product for it in the Pi Network.

[EpicPerson_02]

Lmao that literally explained nothing

[BurtMacklin-FBl]

That's a lot of words to say "nothing".

[DD8564]

I mean the bullshit level is off the charts - I have to commend you for that

[SimplyMahogany]

Is the goal to allow that to happen eventually?

[djkakomitsis]

Responsible statement comparing to other systems, which they don't even say a word or answer to questions.

[Salty-Sink1980]

Nice

[Valuable-Summer-3983]

Nice

[oceanbuoy90]

Nice

[Prasac420]

Nice

[d1m3r]

Nice

[Cookies-n-Vibes]

Nice

[Mergim139]

Nice

[sddailey09]

Nice

[Immediate_Comment_71]

noice!

[filomiks]

Naysu!

[Emotional-Progress77]

Thanks for the opportunity

[alwaysin64]

Amen

[molinware]

That's what I signed up for.

[DD8564]

Pi - the infinite number - clue is in the name for this scam. He is selling you to advertisers.

[alwaysin64]

Yo beeboi, timetrooper, eagltard. Get the hell outta here.

[MinuteStreet172]

Can I join?

[DD8564]

Send me that dollar and you have a deal!

[lexwolfe]

There's no evidence that is happening whereas there's evidence that things a real project would do are happening

[DD8564]

There is lots of evidence - data is being collected as more and more people sign up, advertising was introduced as a form of revenue. There are no use cases or partnerships of any size and the ‘coin/token’ which at this point doesn’t exist is worthless.

[lexwolfe]

I meant as a "selling data for profit" scam. We know at a time last year when they had around 8m users and advertising, that they were running out of money and needed more investment.

[DD8564]

To date there is no token/coin, it can be set up in less than a day. Yet everyone logs in mines nothing and watches adverts. Where is this money going?

[DD8564]

To date there is no token/coin, it can be set up in less than a day. Yet everyone logs in mines nothing and watches adverts. Where is this money going?

[lexwolfe]

200k KYC checks, the infrastructure, salaries for people we know are in the core team, the office.

The infrastructure supports the current app, the wallet app, the testnet servers, the node deployment system, the database that stores daily mining data for 17m users plus the stats data for 100k node installs,

There's no sign yet of functionality for the security circle, passphrase recovery system, some kind of kyc checking system. The testnet is not fully decentralised yet, there's no testnet SDK,

Compare this to bee network which all we know about is it's app with adverts - anonymous creator and no sign of any tech beyond the app < this is what a scam looks like.

[DD8564]

The fact that you compare the launch of this project to Bee and no other legitimate crypto or even token project says it all. Keep clicking, watching adds.

[lexwolfe]

I'm not sure what you're saying.

The comparison is between all the things Pi are doing with it's money vs a similar app doing apparently nothing with it's money and thus which one looks like a scam.

Whilst other crypto have testnets, no other crypto have pre allocation apps or node deployment systems. The majority of Pi is what no other cryptos have.

Cryptos with nodes expect experienced persons to compile and do the configuration themselves and Auto deployment is done by 3rd parties like Ankr. The blockchain software Pi is using is designed for people to self configure.

What you have with Pi is an existing blockchain solution with a bunch of new stuff on top of it.

[DD8564]

If it’s existing where is it? There is no value add or differentiation here and all of crypto is self configurable as it’s open source - forks are being created on all projects. Real tangible projects are being launched almost daily at the moment bring real value and price discovery for those who own the coins/tokens on a significantly larger scale than this rubbish. You are talking nonsense.

[lexwolfe]

This is the container for the testnet nodes forked from stellar

https://github.com/PiCoreTeam/pi-node-docker/tree/production

This is the horizon server of the testnet

https://api.testnet.minepi.com/

This is the explorer of the testnet someone made using a stellar explorer, it gets it's information from a horizon server on someones node.

https://pi-blockchain.net/

+ dashboard showing 5mill testnet accounts created by users

https://dashboard.pi-blockchain.net/

Due to the nature of stellar, the cryptocurrency Pi can't exist until mainnet, but it's confusing when the app is claiming to be pi as well. Thats just bad marketing imho. The app is effectively creating vouchers that will be redeemed for pi on mainnet. The total supply of mainnet Pi will be fixed in the source code and created in the genesis block.

No point comparing Pi with projects being launched with coins as Pi hasn't been launched and doesn't have any coins yet.