Quote from: arcticglobal on February 22, 2020, 01:28:12 AM

Quote from: joblo on February 14, 2020, 05:45:23 PM

I don't know if you're just another scammer or a naive investor but Pi is a scam
and your promotion of it makes you look like a scammer.

Pyramid shemes are an old con. There are even large companies that use the
technique, remember Amway?

https://en.wikipedia.org/wiki/Amway

But the're bad news. They eventually collapse and most people are left holding the
bag while a few get rich.

If you're just a scammer you can go to hell as far as I care. But if you're a naive investor
who truly believes, you should learn more about pyramid shemes before you invest in them.

Hi Friend, Do you understand what is the Pyramid schema , Before posting Could you please read https://en.wikipedia.org/wiki/Pyramid_scheme?

PI network is diffidently not a pyramid schema,
First, the invitation relation is only one level, Just like the most America online bank, the inviter gets some rewards, but only one level.
Second, the PI inviter and invitee had to work/help each other to increase their earning rate. They have to keep active (mining online) at the same time to help each other get extra earning rate.
Most important. It is FREE, free account, free APP， free mining, free KYC, no any finance commitment required.
ZERO invest, no any risk. and nothing to lose. Can you list any pyramid schema with ZERO investment?
PI is almost as the same as the bitcoin in 2009, but you even do not need to invest any expensive mining machine, and no high power cost. You just need to install the PI app on your phone, and hit the green button every day. That is it.

I actually had it on my phone. I have invited my wife and daughter to the network.

Things I do not like about the app in general:

1. You need to invite ALOT to increase your mining power. I was mining around 0.34 Pi per hour. I tried inviting my friends to increase that number but they have serious doubt about information phishing. What I do not understand is why do you need to have invites if the goal of this coin is for everyone? What if I just stumbled upon this app on Google Play or the App Store and wanted to use it but I do not know anyone who can send me an invite, pretty useless isn't it? So that means this is not for everyone but rather for the selected few.

2. You need to activate the miner (app) every 24 hours. Pretty unproductive and inconvenient I would say, though you get a reminder to turn the miner on.

3. If this app just runs in the background and does not drain your battery (which is actually true to its design), the mining part does not make sense at all. I do not have a technical knowledge about the design of the app and which resources it uses to mine the coin, but it feels like it is just a simple counter that needs to be turned on every 24 hours. No hashrates at all.

I decided to uninstall the app because I don't actually see any benefit, nor use for it. There are many altcoins that have tried to do this before by they seem to fade in the pages of history. Unless there is a real world application for this app (monetary wise) I would rather stay away from it.