Talking of transparency, they should provide mining details on blockchain to make it clear how can we keep mining even if we are not connected to internet or any mining pool.
It will be on Blockchain No doubt!
The issue now is they are handing out Free Pi Coins and setting whole Network up when ready. Then, it goes to Marketplace to find its Price. After Marketplace they will *NOT* be handing out FREE coins on Cellphones anymore because the same app will turn into your wallet.
I'm right now today downloading the Pi Node Beta - advancing user-centric decentralization. I'm setting up this software on my computer and firewall. Opening ports on router we are setting up Testnet now.
Pi Network is in Phase 2 Now since last month
Pi Network starting Testnet for testing/calibrating to run the consensus algorithm on the devices of Pioneers who successfully installed.
After everything running smoothly. I believe (called) MainNet will come out. Then Pi goes to Marketplace (that's Phase 3)