Post
Topic
Board Mining (Altcoins)
Re: Is the new cryptocurrency PI Network another scam or legit?
by
FireBallex
on 27/01/2021, 06:29:10 UTC
PI Network have tarnished their own image even if they are real and have something good in mind, all their ways are bad from the beginning, a very long time delay, spamming on forum with new accounts, also I would like to ask why KYC for mining? I have never seen this in crypto space before, is PI Network centralized? Or decentralized.


Mining is a process to detemine allocation of mainnet premine. KYC is to ensure 1 person 1 account and to ensure people aren't cheating the allocation process.

Pi network will be decentralized when mainnet is released. Until then it is not. 


To ensure people aren't cheating in what way? It's like telling me that I am cheating Ethereum because I am using 10 graphic cards to mine Ethereum, it's hardware that I spent my money on, that's real mining mate, fully decentralized and can't be controlled by any organization, Pi mining sucks