Hello! Not sure if many of you here have heard or are aware of the Pi Network. It's a project that aims to create a decentralized cryptocurrency network that can be mined using smartphones though it hasn't launched its mainnet yet.
What are your thoughts on this approach? Do you see potential benefits or drawbacks to delaying the mainnet launch, and how might this impact the network's future adoption and development? Do you think it's even legitimate or would you be just wasting time and space getting this on your mobile device?
It's a scam and nothing else! You can mine Pi for years and then you will have to do a full KYC before you can withdraw them. Also Pi is not listed anywhere so you can't even sell the coin to earn money. Pi is more of a KYC scam yet to be uncovered and operating as an affiliate marketing network.
Think rationally, if people can mine this coin from their mobile phone without spending any money on electricity or mining rigs, why would someone buy that coin from the market. Wouldn't they just use their mobile to mine it?