Friday, August 26, 2022

Pi IS Scam? True Or False?

Is Pi a Scam, Real Or Legit?

Why do you think so? There is absolutely no money being exchanged here. The app was vetted by Google Play and the Apple App store. Please check the download stats in the app/play store - we have millions of downloads. We use a KYC process to identify and verify that users have only one account and to eliminate bot/fake accounts. Besides the hourly Pi reward, we reward pioneers for direct referrals only and NOT on multiple levels like MLM or pyramid schemes. Pi does NOT use your phone hardware or network to mine - your phone app is only used to activate the daily earning cycle when visiting the app once per day - you can even switch the phone off if you want. The project has a well-known Stanford University prof on the Core Team. 

Even the adverts can be turned off. The adverts (very rarely displayed) help to pay some of the costs of running the Pi servers -- if you prefer not to help, you can turn the ads off in your profile in the Pi app menu. Please explain your point of view.

Is this pi coin thing real, or is it just a big misconception? I just wanted to know as I am new.

Of course, it's real. If you haven't read the FAQ and White Paper, please do so to learn more about the Pi network and the pi project.

If anyone is selling their pi, it's illegal and against the CT rule. If they get caught selling Pi in enclosed, which we are now, their account will be frozen for 100 years or deleted. You will regret it, which affects your entire generation.

So, hold your Pi until the open Mainnet.

Please read some basic info:



✅ Pi app home screen!

✅ Pi app menu! Here you will find the Mainnet feature with loads of info, a checklist to prepare, and lockup settings. Make sure to press all buttons and read all information available to you.

 Roadmap draft:

pinetwork.atlassian.net/servicedesk/customer/portal/1/article/948994049?src=1904685571

✅ Token Model and Mining Draft

pinetwork.atlassian.net/servicedesk/customer/portal/1/article/956792833?src=1098667399


Is Pi Network a scam ? - Pi Network Community (pi-community.org)


Pi Is Under The Binance Watchlist

Pi NETWORK IN THE NEWS

  1. Coinspeaker: https://www.coinspeaker.com/pi-network-20m-users-pi-app-engine/
  2.  Bitcoinist: https://bitcoinist.com/introducing-pi-network-making-cryptocurrency-accessible-to-the-masses/ 
  3.  (This one was also shared with other media, even CoinMarketCap shared it)
  4. Capital: https://capital.com/pi-network-pi-coin-price-prediction-2021-2025 (this one was also shared with several others)
  5. BTCETHNEWS: https://bitcoinethereumnews.com/crypto/when-will-pi-network-enter-the-crypto-market/
  6. YAHOO FINANCE: https://finance.yahoo.com/news/pi-network-native-decentralized-kyc-123000219.html
  7. TECHBULLION: https://techbullion.com/its-pi-day-social-cryptocurrency-platform-pi-network-boasts-whopping-33-million-engaged-users-and-a-decentralized-kyc-solution-rollout/
  8. BSCNEWS: https://www.bsc.news/post/pi-network-new-mining-begins-with-3-14-pi-day
  9. CoinMarketCap: https://coinmarketcap.com/alexandria/article/pi-network-where-the-mining-never-stops-and-looks-like-it-never-will
  10. https://coinmarketcap.com/currencies/pinetwork/
  11. NEWSBTC: https://www.newsbtc.com/news/company/accelerated-development-of-pi-blockchain-yields-decentralized-kyc-solution-33-million-engaged-users-and-more-on-path-towards-open-mainnet/
  12. BUSSINESINSIDER: https://markets.businessinsider.com/news/currencies/accelerated-development-of-pi-blockchain-yields-decentralized-kyc-solution--33-million-engaged-users--and-more-on-path-towards-open-mainnet-11165682

LATEST NEWS




How Do I Get Free Crypto Pi?

Pi is free. All you need is an invitation from an existing trusted network member. 

If you have an invitation, you can download the mobile app below.

https://minepi.com/malpro


Opinion: 

First of all, did you not pay for the Pi you mine?

You didn't pay for anything or contribute a penny to the monies used in developing the Pi network. THINK!!


Replied

You are the wrong, mate! We contributed immensely to the success of Pi:

  1. We invited people to join the network.
  2. The network runs adverts on our phones for which they get paid.  I get adverts till this morning 
  3. We give feedback where necessary 
  4. Some are helping out as moderators, validators etc
  5. We establish security circles. 


The reason Pi exist is that we exist.

So stop saying that we contribute nothing!


How Do I Start Mining Pi?

Pi Network (PI) Mining Step by Step Guide

  • Download the Pi Network app here.
  • Sign up with Facebook or a phone number.
  • Set up your password.
  • Fill in your profile details. Make sure you provide your real name. ...
  • Enter the invitation code: malpro
  • Congratulations, you have just signed up. 
  • Make a small tour with the Pi mining app.


Register Now To claim your 1Pi

https://minepi.com/malpro

Invitation code: MALPRO


Friday, August 19, 2022

Pi Network China KYC / How To Update Pi App For Pi Network And The Pi Browser

This is excellent news!

The Pi Network China KYC has just started.

We saw the proof of the successful China Pioneer submitted the KYC process.




怎么解决? 有懂的吗?
提示浏览器不是最新版本
浏览器版本低,升级就好了


到这一步就闪退,不知道什么原因?
上边有1.61的,就应该可以。
下载插件试试。
这个漏洞一直没解决,有的人换个手机就不闪退.
不急,既然给了k 就会一直存在。
哦哦,那心里就踏实了。
一定会成功的。

Welcome To Your Pi Account KYC + Closed Barter

 ❤️ Once again, a warm reminder:

To welcome your Pi account KYC + closed barter will be officially opened at the end of this month or the beginning of next month, please try to do the following:


✨ A preparation

 1. Have your ID card or passport ready


✨Two on

 1. Enable Pi APP notification permission

 2. Enable Pi browser camera permission


✨Three things to keep in mind

 1. Remember the registration number

 2. Remember the login password

 3. Remember the mnemonic key


✨Four finishes

 1. Complete the registration number verification

 2. Complete Mainnet wallet confirmation

 3. Complete the lock-up plan confirmation

 4. Complete email address verification


✨Five musts

 1. The APP should be version 1.30~1.33 as much as possible

 2. The browser should be version 1.6.0~1.6.1 as much as possible

 3. The wallet should try to operate the mutual transfer test currency

 4. Try to add 5 familiar friends in the security circle

 5. The photo of the ID card should be as close to the person as possible. If you have undergone plastic surgery, it is recommended to apply for a new ID card.


❗️To reiterate: protect your Pi coins, be more familiar with the browser operation process, and be more familiar with the ecological operation process


Data collation source @unknowncreatorg


There Are No More Unvalidated Persons / Why Am I Not Getting To Validate? / Not Getting Any Applications To Review?

Not getting (m)any applications to review?

------------------

Post by @nicolas - June 20, 2022:

How frequently you see the “no more work needed” screen depends on how many people are applying from your country in real-time. Thanks to algorithmic improvements and the excellent job of the validators, we are constantly current in processing KYC applications lately. This means that there is no backlog per cent of people for which the algorithm can thoroughly read their IDs and safely approve their applications considering validator input. There are, of course, still several KYC applications that are getting stuck every day. For stuck KYC applications, we are improving the algorithm, and we plan to allow people stuck to self-improve their KYC applications by allowing them to edit and resubmit those “difficult” parts. The majority of the applications are getting approved within 15 mins from the moment the person applied right now :) Keep up the great work, validators. At this rate, we will be able to hold the first migration of some Pioneers to the Enclosed Mainnet soon.

------------------

👉 You can repeatedly go between the “Good job!” page and the Validators dashboard. You might get some applications to review this way.

Thanks for your help and patience!


Thursday, August 18, 2022

PCM Will Hold A Twitter Space On 20th August 2022 About The Upcoming Enclosed Mainnet Barter Launch On PCM

PCM will hold a Twitter space on 20th August (22:00 UTC+8) in collaboration with @PiRevolutionX, about the upcoming Enclosed Mainnet Barter Launch on PCM.

Pioneers,

set your reminders

https://twitter.com/i/spaces/1nAJEYgdwRgJL


Note:

Pi Chain Mall does not participate in pricing. We will not interfere with pioneers' expectations on exchanging goods with how many π.


We welcome pioneers worldwide to participate and welcome everyone to collaborate with us.



Pi Network Conducts One of the Largest Blockchain Migrations In Cryptocurrency History

 

August 19, 2022 - The Largest Blockchain Migrations In Cryptocurrency History

Reports from different financial media for Pi Network, open Facebook to see more details!


Finance.yahoo.com

The Largest Blockchain Migrations In Cryptocurrency History

https://finance.yahoo.com/news/pi-network-conducts-one-largest-123000732.html


Everything Is Crypto

https://everythingiscrypto.net/pi-network-conducts-one-of-the-largest-blockchain/


Crypto News BTC

https://cryptonewsbtc.org/2022/08/17/pi-network-conducts-one-of-the-largest-blockchain-migrations-in-cryptocurrency-history-news/


Globenewswire

https://www.globenewswire.com/news-release/2022/08/17/2499992/0/en/Pi-Network-Conducts-One-of-the-Largest-Blockchain-Migrations-in-Cryptocurrency-History.html


Crypto Cable

https://cryptocable.io/news/pi-network-conducts-one-of-the-largest-blockchain-migrations-in-cryptocurrency-history/


Pi Chain Mall Rule Starting From August 25, 2022

 Pi Chain Mall Rule






SOURCE: 
https://twitter.com/pinewsmedia/status/1559175551687860230?s=28&t=Bh_MNLDWq0Vu4peRGOXi4g


PCM Functions

We are cooperating with this logistics information tracking company. Over 1,200 logistics companies around the world can be tracked. If the query cannot be found, the user would need to visit the official website of the logistic company for inquiries.

We have connected the logistics query function and made some improvements to make it more suitable for our widely distributed Pi users. Our system will determine whether the buyer has received the goods according to the logistics information.

The delivery time of cross-border trade is sometimes inaccurate and unpredictable, e.g. it could last for one week, and some could last for more or even 60days. Since some sellers might choose economy shipping to save costs.

When the buyer receives the goods but does not confirm the receipt for a while, it will affect the sellers' cash flow. Therefore, our system can check if the buyer has received the goods, and the platform will start the countdown of fund transfer to the seller automatically.

If the package has been received for more than 7 days or the receipt is not confirmed within 14 days, the system will automatically confirm the receipt for the buyer.


Full Article:

https://medium.com/@pichainmall/pcm-app-function-updates-package-tracking-system-ea3ef2f96908




Wednesday, August 17, 2022

Pi Network Mainnet Checklist - Why Still In The Automatic Migration Queue More Than A month

Question:
I have completed the Mainnet Checklist from 1 to 7 but have still been in the automatic migration queue for more than a month.

After the checklist is completed, the Pioneer’s Transferable Balance will be queued for transfer to their wallet address on the Mainnet blockchain. After the migration, there will be a 14-day pending period during which Pioneers’ Pi balance in their Mainnet wallet will not be transferable yet by the Pioneer, allowing the network to conduct additional checks or course corrections if necessary to clear the transfer. Given the immutable nature of blockchain and the early period of the network migration process, a 14-day pending period is helpful to make sure people’s migrated balances are correct. When the pending period expires, the Pioneer will then be able to use their Pi as they wish within the Enclosed Pi Mainnet.




️For ALL pioneers, migrations, KYC … - Some official answers by CT - 

Pioneers who have completed Step 7 of the Mainnet Checklist but have been waiting 5 days or more for their Mainnet Migration to occur: There are a few reasons which may be delaying their Mainnet Migration. 

First, a check is performed that verifies the Pioneer has confirmed a wallet for migration that is not confirmed (Step 3) by another Pioneer. If the Pioneer is using a wallet address that is confirmed by another Pioneer, then the transfer is blocked until the Pioneer confirms a wallet only they have confirmed. 

Second, the CT is delaying the automatic migration of large balances and will be transferring these balances manually for safety reasons. There is not a timeline at the moment for when the large balance migrations will occur. 

Third, there are additional checks prior to the Mainnet transfer even after all items on the checklist are checked, including additional sanctions checks and KYC status revaluation. 

Fourth, if the account’s transferable balance is lower than the minimum balance required by the blockchain, migration is paused.

If a pioneer is identified by such checks as needing further review prior to migration, then the CT is reviewing these cases and will update their status to be consistent with the results of these additional checks or release the migrations after the review is completed.

If you’ve been waiting, it’s likely that you are in one of these groups, please continue to be patient as the Core Team works to comply with regulations, KYC requirements and Pi policies, protect the network health and security, and ensure as much as possible that real Pioneers can safely secure their Pi.

Thanks for your understanding patience and best regards 

Saturday, August 13, 2022

What Is The Next Step After Creating A Wallet? Lockup Configuration

After creating a wallet, you have to complete the following steps

  1. Confirm your Pi wallet
  2. Commit to lockup configuration ( If you don't do this, the algorithm of Pi Network automatically lockup your Pi coins for 3 years ). The higher the lockup gives you more power in mining the Pi coins.


1. Confirm Your Pi Wallet

Open Pi Network Mining APP, 

Tap on the 3 lines menu 

Tap on Mainnet

Tap on Checklist

Tap on No.3, Confirm your Pi Wallet

Insert the Wallet when you create your Pi Wallet with Pi Browser. The Wallet is created with a Passphrase.

Watch the video again - https://www.youtube.com/watch?v=jQH4NRiyxxY&feature=emb_rel_end


Wednesday, August 10, 2022

Shopping Mall On Pi Browser - Pi ChainMall (PCM)

 PI CHAINMALL(PCM)

We need to know the ORIGIN and FUNCTIONS of Pi Chainmall

Pi Chainmall (PCM) is an international newly created company headquartered in HONG KONG

It was established on 23rd March 2021 with a trademark called PICHAIN

The company business scope covers:

1) Blockchain technology development
2) cross-border e_commerce.
3) media, education and training etc
4) work on Non-Fungible Token(NFT) modules as well. 

  • It has won second place in the Pi Hackathon competition and its ecosystem. 
  • It promotes the circulation of the pi network and enhances the value of the pi network.
  • It is a global satellite mall.

A mall where you can get all your needed products, goods and services

During the enclosed period, PCM users can only purchase goods and services within the same country, while there is no limitation on p2p trading as PCM cannot control these trades.

Ensuring trading safety and credibility will be necessary during the enclosed manner. We aim to build the best and the most trustworthy barter platform on Pi Network, serving millions of pioneers worldwide.

While we will allow cross-country trading if the PCM development goes well after the open Mainnet.


Utility, Market Capitalization And Price

 UTILITY, MARKET CAPITALIZATION AND PRICE

Hello pioneers, let's talk about the Pi network currency's consensus price of $314,159.

I feel like most people have always misunderstood the reason for $314,159.  It makes them think that they will become rich overnight.  It makes the other Experts think that we are a bunch of Jokers trying to say impossible things.

But in fact, Pi can't launch with $314,159 as * Market Cap. * This is impossible, but it can instead launch at * more than $314,159 as Commodity Cap * or better known as * "Utility Cap". *

However, this award is only intended to make people aware that * if utilities have enough products and services * to support the value of Pi by accepting Pi in exchange for these services, * we can reach this $314,159 * when the Open MainNet is launched.

The formula for determining the value of a coin is Total Market Cap/(÷)Total Circulation.  This is how the price of parts is determined.

However, there is another element introduced by Pi Network, which is the *utility factor* which will significantly change the formula.

Pi will not only have a *Market Cap*but also a *Utility Cap* (also known as a Commodity Cap).

 * *Market Cap (MC)* is the total value of an asset calculated as a cash value.

 * *Utility (UC) or Commodity Cap (CC)* is the total value of an asset calculated in commodity value.

 * MC is backed by Cash Liquidity.

 * UC is supported by Commodity available for Utility/Liquidity.

For example, if someone has $10,000 to buy Pi, that amount will be added to Pi's MC since MC is about Cash Worth.  But if someone is willing to sell their products worth $10,000 in exchange for Pi, this amount will be added to the utility ceiling (UC) of Pi since UC concerns only the value of the goods.

So what I want you to understand is that we are all pushing harder for people to list their products and services available in exchange for Pi.  This will make up the utility cap.  And also, it will quickly increase the value of Pi's utility ceiling.  Thus, increasing both the value and the price of Pi.  In a very short time, $314,159 will be realized.

As usual, you know that when the price of a coin increases, the price of that coin will also increase.  The same with UC; the more people list their goods and services for Pi, the more the value and price of Pi will increase.

It is very easy and straightforward to understand.  This is the economics or cryptonym of Pi.

Pi Network has gone far behind a mining network for the management and stability of the economic and financial system.  That's why you see businessmen and government officials on Pi Network.

For example, again.  If a company, say, a car or real estate company, is worth a total asset of $1 billion.  If this company accepts Pi and the pioneers start buying from it, it is equivalent to saying that the company's owner buys Pi with $1 billion.  If he sells a car to a pioneer worth $10,000 and accepts Pi as payment for the car, that's like saying that the car owner just bought a Pi for $10,000.  And you know what happens when someone buys crypto with such a sum!

 "To The Moon"🚀🔥.  I'm sure you know what I mean by that.  You know we're going to have a lot of companies accepting Pi.

Suppose we have more than 1000 companies with assets worth millions and billions of dollars. What do you think will happen?  This will vigorously pump the ceiling utility and the ceiling of the market.

So if you want to check if $314,159 is possible, do a rough calculation by dividing such a utility ceiling by the total supply of Pi, then you will be amazed that 1π can be worth or even more than $314,159.

In conclusion, we are trying to clarify to the community that your products and services are ready to be exchanged for Pi. It will significantly contribute to the value and price of Pi, even more than what we are campaigning for.

-Repost - PNNW

How To Create And Use Your Pi Wallet?

 How To Create And Use Your Pi Wallet?

The Pi Wallet is essential for Pioneers to migrate their Pi Transferable Balance to Mainnet, send/receive Pi, or make payments in Pi apps once on the Mainnet Blockchain. Tap "Pi Browser" to access the Pi Browser, where the Pi Wallet is located. Tap "Checklist" to complete other steps for the Mainnet migration of your Pi Transferable balance...



Tuesday, August 9, 2022

How To Send & Receive The Pi Coins From The Pi Wallet?

In this example, we are using the Pi Testnet.

Subject: To test the Pi sending from your wallet.

Open the Pi app,

Click on the 3 lines at the top left,

Click on Pi Browser & sign in,

Ensure you are on the Pi Testnet screen.

Click on Send.



Copy the wallet from your friends and paste it to the send arrow sign.

You can choose any amount less than given by the Pi Testnet.

Let's say 1 Pi



Finally, click on the SEND button.

Sunday, August 7, 2022

How Can Decrease Lockup?

 ➡️ After the Mainnet launch, you can lock up twice the balance you mined previously and transfer it into the Mainnet. The additional lockup allowance for more Pi than individually mined can come from utility-based Pi app transactions, i.e. making Pi from selling goods and services.

➡️ Once you commit to your lockup settings, these will be BINDING, and you will only be able to INCREASE your lockup settings and not decrease them. This applies until the FIRST BATCH of your Pi has been transferred to Mainnet. For future batches, you can set different settings: both higher and lower. 


Mainnet Prep and Pi Lockup

Pinetwork.atlassian.net/servicedesk/customer/portal/1/article/947617793?src=619284721 

What Is Pi Value? What Is The Price of Pi? Is Pi Worth Anything? How Much Is One Pi Now? What Is a Consensus Price?

Everything you need to know is here in PI Network, don't fall for what's outside, don't believe what is posted on Facebook, YouTube, etc. Only the truth comes from the Pi Network official pages; nothing else matters but what you read here; everything else is pure predictions and speculations, don't follow scammers or negative posts, be wise and thoughtful. Only Pi Network tells you what you need to know.



What Is Pi Value? Is Pi Worth Anything? How much is one pi now?

It can be any value in this current Enclosed Mainnet. The final price depends on the current supply & demand before it is listed in the Open Market. But for now, better focus on KYC. I believe the longer you hold a coin, the higher the value. I saw senior pioneers lock up the Pi 100% for 3 years. However, we should involve selling and buying Goods & Services in the Pi Browser Shopping Mall like Pichainmall, Pibartermall, Pi81mall, Paixingmall etc. I think we should allocate a portion of our Pi, like 10%, for participation in the trading.

Therefore, the Pi value will be determined when the trading reaches maturity before the Open Mainnet.

You may know that Cryptocurrency prices change very quickly, sometimes every second. 

Time will tell, but not now. This is because we need many participants for trading goods and services at the price we both agree upon.

Attempting to sell Pi for any fiat now is a policy violation that results in your account being burned!  

What is the price of pi?

Patience is the key to success. Patience will see your beloved Pi listed in the Open Mainnet for the price that will make you happy for the remaining of your life. It is worth waiting for. Just believe and trust our Core Team because Pi's value is PRICELESS!

Is Pi Worth Anything?

People who passed KYC with pi in wallets now use P2P with others who passed. I’d say yes. No fiat value. Can use pi to buy/sell goods and services at this time.

What is the price of a π network?

There is a basis involved in determining a coin or pi coin value. 

  1. M=0 Money Supply ( The circulating supply of cryptocurrency)
  2. Inflation- The more money is printed, the less each bill is worth. It reduces the purchasing power.
  3. The Community/Users - The collective belief of a reasonable size of people. Pi has over a 35million pioneers. 
  4. Supply/Demand - The more the demand, the less the supply. The lockup option has attested to that. 
  5. Usability/Utilities - what can you do with the cryptocurrency? The hackathon was introduced that allows developers to develop apps on the pi network. Eg. Pi chain mall, pi care, workforce pools etc. More apps will be developed and launched in the year's second quarter. So by June, July or August pi price will be known. 

These are things to consider before a coin's value is determined. So, therefore, until all these steps are carried out before the pi coin value can be known.  Just keep mining.  Any price you see is mere speculation.

I know. So people want Pi to start at a low price like BITCOIN? No 

I support 1Pi= $314,159

With this price, most people who are not wealthy will spend gradually, even their children will benefit, and rich people will not easily buy much or all.

"GCV 314k" is a great disservice to this community. That's the truth. You can't dialogue with the CT(Core Team). There is a group of influencers writing ghostly nonsense about pseudo-economy and a large group of servants applauding it. They could spend time building something tangible for the community but would rather be leaders of an "emotional" economic movement.

🌟Consensus🌟must occur between seller and buyer, not between influencers convincing their followers to impose specific values. That's why I repeat many invent-fetched arguments to justify simple things that have been studied for years.

I agree about everyone's freedom. That's why I'm against influencers dictating values and inducing decisions. A consensus should be decided in public with everyone participating in the discussion, not by a small group of influencers who pour it out into the community. Freedom is uninhibited from induction. There needs to be transparency for there to be freedom.

Consensus value should be transparent if it is defined by a community or between buyer and seller to comfortable levels for both. And that this process should not occur as it is happening: being decided by a few influencers who invent arguments to convince their community to make an emotional decision.

I've been following some debates that sounded like "fun" and evolved into a "314k allegory". I saw your influencers talking about it, and I don't think there was any real sense in it.

When speculation runs away from reality, and this in the financial market is represented by the false expectation of liquidity, a factor that sustains the value of any asset within the market (and Pi will inevitably be within that market, so don't invent arguments as if Pi is not made for this market, because Core Team has already said that it will enter this market), so this false expectation of liquidity causes factors such as increased market indecision; insecurity; difficulties in implementing viable means of asset utility (unless we are talking about rare metals, which are stores of value); false volatility; low market adherence; among other factors. What can this cause? Indecision; fear; uncertainty; low adherence; etc. This makes the evolution of the asset's economic process unfeasible. Especially when we talk about cryptocurrencies, which involve complex ecosystems and a great need to develop these valuable means.

So, regardless of this supposed "correlation" of data that influencers bring up, creating non-existent possibilities saying that "Pi needs to be inflation-free" and trying to delineate false actions to avoid this, and things like that, none of this will avoid these logical factors that dominate the market logic to which Pi will be introduced. Pi will not be free from market uncertainty and speculation and needs liquidity to grow. And a "Pi 314k" makes it difficult for Pi to reach pleasant levels of trust and stability in the market.

So be very careful how much you allow yourself to be influenced. Mainly by "false teachers" who judge themselves as experts on the subject only by the number of followers they exhibit. Do you think intelligent people are no longer at the forefront of big projects to change the economy? But grandiose projects like Nicolas Pi are at risk in the face of misinformation generated by these false "teachers" on the subject. As I said: Freedom must be uninhibited from induction. You should not be tricked into choosing a consensus value and imposing it on a newborn ecosystem that needs support and stimulation. Speculation that feeds false liquidity is crucial for the project's initial development as it generates facts already mentioned here, such as market uncertainty, insecurity in the adhesion of the asset, and false volatility, among others. People who encourage this fraudulent behaviour of value and quickly adopt other people's beliefs don't allow discussions based on reason and reality.

During the Enclosed Mainnet, I advised Pioneers to buy goods and services from those verified Merchant by the Core Team and who will be Bartering their goods alongside the Chinese Consensus of 1.00000π = $314,159(N193 Million Naira). This is because you will be able to spend less Pi to get more valuable goods, and it will also help achieve 1.00000π = $314,159 during Open Mainnet.

Let's consider the example or scenario below as it is sure you will see this type of market bartering system during the Enclosed Mainnet:

Merchant A: Price of 1π = $100

He sells iPhones at the rate of 12.00000π
He sells Lamborghini Car 🚗 at 97.00000π
He sells HP Pavilion G6 Laptop at 14.00000π

Merchant B: Price of 1π = $1000

She sells iPhones at the rate of 9.00000π
She sells Lamborghini Car 🚗 at 34.00000π
She sells HP Pavilion G6 Laptop at 11.00000π

Merchant C: Price of 1π = $314,159

He sells iPhones at the rate of 0.65345π
He sells Lamborghini Car 🚗 at 2.45628π
He sells HP Pavilion G6 Laptop at 0.78987π

From the Market Bartering System illustrated above comparing different Merchant rates and valuations of 1π, we are sure that a reasonable Pioneer who valued his or her Pi Currency will go for "Merchant C" because here he will spend less Pi Coins to get what he wants.

Let us note that the followings are prohibited during this Pi Network Enclosed Mainnet Period:
  • You are not allowed to, and you cannot sell your Pi Coins in exchange for Fiat (Paper Currency).
  • You cannot Exchange your Pi Coins for other Cryptocurrencies like us, Litecoin, Ethereum, Bitcoin etc. There are firewalls in place or surrounding the Pi Network Blockchain to prevent such attempts.
  • You are not allowed to sell your Pi Coins for a Pioneer with a Promise of future Payment in Fiat or Cryptocurrency. You may have your Pi Network Account Ban for 100 Years if caught or reported.
During the Enclosed Mainnet, you are only allowed to do the following transactions:
  • Exchange Pi Coins for goods and services in the Pi Utility Apps Platforms.
  • Peer -to-Peer or Pioneer to Pioneer in exchange for goods and services.
  • Apps to Pioneer in exchange of goods and services only.
  • Pioneer to App in exchange for goods and services only.
Please adhere to the above Mainnet Migration and Enclosed Mainnet Bartering Rules and regulations. You have come this far. You know how it is hard to earn Pi and how difficult it is to reach the Mainnet Stage you are now. Don't be so stupid as to destroy everything you have done. Remember the words of Late Lucky Dube:

"It takes a million people to build up a good reputation, but it takes one stupid fool to destroy everything they have done".

Be judicious. Spend your Pi wisely. Keep mining. Stay calm. Stay bless. Cultivate Patient. Soon, you'll smile & laugh! Thank you

Interesting Story

I was even removed from a WhatsApp group because I placed my item for sale at $1 per PI. They said I'm against the 314k per PI.

IMAGINE

And they say that everyone is "free" to choose their own consensus. But if you choose a different consensus, you must be silent and "sit", as they say. You are "free" until you voice your opinion, and then there will be a wave of attacks against you and juggling of arguments they invented to justify this idiocy. When someone tells the truth, their eyes and ears bleed. This is tremendous brainwashing.

Sure. All they care for are "sweet lies"

They don't even use the concept of the word "consensus" correctly. True consensus is organic, born naturally and spontaneously. An induced consensus is not a de facto consensus but a "vote". And when you make a "vow", you are moved by belief. People are casting "votes" on this "belief" that is induced by a group of "influencers" experts on "Twitter". People who pretend to be "teachers" of a "new parallel universe" where all the problems that exist in the open market will be solved in this new world with the Pi Network. While Core Team tries to bring together the best programmers to build an actual project, a part of the community prefers to build a "belief" in Pi and believes that they will be the cogs of a "world reset" of the economy. In fact, this is the economy Pi itself will seek to be a part of and help solve system problems that some pioneers dream of "destroying", which they call "orthodox economics".

While I agree with you, I do not understand what you said. These people don't know that the consensus value will be determined not by all pioneers but by a select few representing the entire community.

As I read, a pioneer says, "True consensus must be uninhibited from induction". That phrase alone melts this whole "great consensus" circus. You have to be careful to understand this. Suppose a real consensus must be devoid of induction. In that case, it means that to be a consensus, it needs to be born naturally, in a way that benefits everyone involved during this process, from start to finish. If it is an "induced" decision, it is not a de facto consensus but a "vote based on belief in someone else's word".

I agree that gradual growth is necessary; however, what happens in a case where on Mainnet, it's a different price to what is used to buy goods and services? Will it later be merged? Will placed Jack up the price to be at the higher rate?

Cos also some exchanges will definitely be involved. So they will like to be careful, so the pi doesn't run them out of liquidity.

There is nothing like different prices. What we are seeing now is "initial ghagra" soon. The agreed consensus price will be known, and that's the price pi will be traded worldwide. Pi barter mall and pi chain mall will kick off with an agreed consensus price, and the world will adopt that price. So forget about all these rantings about prices from novices and armatures.

When it starts to be found, true consensus naturally benefits everyone involved. Advocates of the "great consensus" say that "sellers know the risk and are preparing for it" and that "big companies will help them achieve this global dream". They offer a risk none of them will take. I haven't found any that will invest millions of dollars in selling what they have at this absurd value. And they say they have the belief that the CT "probably already thought of all this and will solve these problems". As if CT were working with them for this "314k". And the arguments they invent to justify this? They might sell an air conditioner to an Eskimo. They make economic correlations that do not exist in practice.

We don't know the agreed consensus price, which must have been reached behind the scene.

They say that if the Pi is cheap, the pioneers will sell it, and all the Pi will be concentrated in the hands of the big investors. But shouldn't it be the other way around? It's sold when it's expensive. Buy it when it's cheap. If pioneers believe Pi is worth 314k, they should never sell it for less than that. But say the cheap Pi will be sold to the whales? Whales have the capital to buy regardless of the price. People who think the Pi is worth a lot shouldn't sell it. No one is responsible for the actions you take on your capital. If you sell cheap, it's because you wanted to sell. If you think Pi is worth a lot, you should hold on to it until it has a fair value. If you think Pi is too cheap, you can buy more. So there may be many early adopters holding Pi and many investors looking for Pi to buy, and this will undoubtedly make the Pi have the value it deserves. But if you sell before then, that's your problem, nobody else's. If you spend the Pi when it's worth 314k, that's your problem too. So, saying that Pi has to be expensive to benefit the poor is nonsense. Pi is a popular yet democratic ecosystem for everyone, not just the poor. And market whales are always on the lookout, regardless of value.

It's not that simple, and it's far from just that. The total supply; the amount of Pi circulating (excluding Lockup); the search for Pi as an investment opportunity; the search for Pi to exchange goods and services; the buy-in that Pi may have after announcing a release date, with new investments coming; the forms of payment that the ecosystem will offer... All these factors will have great weight when finding the relationship between supply and demand for Pi in the open market, influencing the price. The market is in charge of the marketplace, not the other way around.

In human history, the predecessors have been fooled. If you learn from the past, you will avoid detours. If you turn a blind eye and take decades going through it again, you will learn the same lessons from your predecessors. 

It must be missed by looking at the blockchain 2.0 Bitcoin with the Internet thinking 20 years ago. If you looked at today's Pi with the blockchain 2.0 Bitcoin thinking ten years ago, you would still miss it!! 

People can never make money outside of cognition unless they rely on luck, but the money earned through luck will often be lost until cognition is proportional to wealth, which is inevitable. Every penny you earn is the realization of your perception of the world. So your cognitive height determines how much wealth you can carry. 

If Bitcoin is a decade-old product of desktop PCs, then Pi is a new product of the current mobile terminal because technology will be updated and replaced every once in a while, and you cannot stay on the old thinking. If you still use the ten years' cognition to look at today's trends, you won't choose Pi !!

Just foolishly waiting for the second bitcoin. There are countless names for Bitcoin, but there is only one ending: Bitcoin has succeeded, and those who are not involved can only be bystanders. Why did my parents reject Bitcoin? That's because their cognition was stuck 20 years ago. It is an inevitable failure to look at the trend of ten years ago with the perception of 20 years ago. 

Pi cannot be viewed with traditional blockchain, Bitcoin, and hype concept thinking. The current mainstream currency has no application scenarios and can only hype the price on the exchange, and there is nowhere else to go. The total amount of Pi is not a constant number of coins but a constant number of people. This model has wholly defeated Bitcoin, and it is also an unprecedented design in the field of blockchain and is consistent with the concept of Satoshi Nakamoto. 

The value of Pi lies in users. The more users who participate, the larger the ecosystem industry chain will be, and the higher the price will be. If you simply think that things are rare and expensive, infer that the less the total amount, the more valuable they are.  You are just very wrong!!

Many people regard Pi as the same as other coins. This is wrong. The starting point is different. Other coins are sold first through ICO. There are no 33 million users behind them, no ecological applications, and no blockchain bottom layer with more than 10,000 nodes. The value of Pi cannot be measured by the amount of currency but by the number of users and the ecological applications based on blockchain 3.0 technology with over 10,000 nodes and thousands of transactions per second.

Believe in owning, daring to think and acting to achieve. This is the original intention and goal of this consensus trading platform. 

Hope everyone can maintain the value of PiCoin through consensus and give pioneers a fair and just platform to reflect the actual value of Picoin. 

Let us work together to accept the global consensus of $314,159.

Stop comparing the new era Picoin with other coin with ICO, those determined by demand and supply.


Dr Fan Chengdiao. Nicholas' wife once answered a question posed by and for π friend on Discord. “Rome was not built in a day. Building a successful cryptocurrency involves not only the technical challenges but also the challenges of building a living economy and community on top of it. It comes from those who participate in the value exchange.

https://www.facebook.com/111285847332147/posts/pfbid026EaaUexYPKituBBK162okH7FXEvoxcupjibaYCcxTxHj4LNdNatZEkY1UnJ2keenl/



Friday, August 5, 2022

Do These Things To Boost Your Mining Rate

To Boost Your Mining Rate

  • 🌐Complete your Security Circle strong with at least 5 trusted people to maximize Security Circle rewards.
  • 🌐Remind your existing Referral Team to mine regularly.
  • 🌐Set and com App Usage rewards.
  • 🌐Run a Node on the Testnet to increase Node Rewards, if you can.
  • 🌐Invite family mite to a "Lockup" configuration or increase your current lockup commitment if it's low. You can voluntarily "Lockup" your transferable balance according to your needs to boost your mining rate.
  • 🌐Keep engaging with the apps on the Pi Browser directory to increase and friends to join your earning team through your referral code to increase your reward bonus.
  • 🌐Visit the Pi Browser to chat or interact with the utility apps in the browser daily.  

🌐All these diverse contributions are crucial for the individuals to boost their mining rate.

🌐As the current mining mechanism will be adjusted monthly, based on the rewards issuance formula.

When will I receive KYC Invitation?

Pi Mass KYC exercise has begun. It's given out in batches. Just wait for your turn. You will receive a special invitation on your home screen immediately after you begin a new mining session, so you will not miss it. The option will be made available for an extended period to allow every Pioneer a fair chance to complete the process.



What is KYC?

Know Your Customer/Client (KYC) is the mandatory process of identifying and verifying the identity of account owners on Pi Network.

Why the KYC?

Pi aims to be the world’s most widely used and distributed cryptocurrency; in the hands of honest, distinct individuals. To achieve this, the network has a strict rule of one account per person. 

The KYC process is also a legal requirement intended as an anti-money laundering (AML) measure.

What is needed for the KYC?

You will need to present your government-issued photo ID card. The accepted ID cards depend on your country or region. But the general is:

  • International passport
  • Driver's licence
  • National ID card

KYC demo video: youtu.be/uXhwP8PSCuQ


Again, Invitations are to be sure KYC is sent out daily to everyone. No site could process millions all at one time. There are over a 35+million pioneers. We must all be patient, follow the process, and trust the guys who built such a wonderful free project for us all.

IF YOU ARE ELIGIBLE FOR KYC, YOU'LL BE ABLE TO COMPLETE THE PROCESS.

You will be notified AT RANDOM BY A LARGE WHITE POPUP ON YOUR SCREEN WHEN YOU START YOUR MINING PROCESS FOR THE DAY when it's your turn to go through the KYC process.

If you see FETCHING DATA, wait a few minutes for the process to complete. If there is no response after 4 or 5 minutes, it's most likely due to the server being overwhelmed. Please try again during non-peak times when the servers aren't as busy.

There is no rush. EVERYONE WILL GET TO GO THROUGH THE KYC PROCESS!

Thursday, August 4, 2022

My KYC Has Been Submitted For About 1-Month But Has Not Been Approved

Hello pioneers, 

My KYC has been submitted for about a month but has not yet been approved. Only shows approval done halfway but not completed. Does it take this much time?

Pi KYC processing  time

The processing time can vary depending on a few factors. For Pioneers that participated in the pilot KYC app through the Pi Browser, these Pioneers will be the first to be processed after the human verifier functionality is in place, which may be within a month. The purpose of having the pilot KYC is not just for Pioneers to get approval, but they are helping to improve the KYC app itself. 

After validators can verify applications in the KYC app, the application's progress will depend on the availability of trustworthy validators per country; this can range from a few days to a few weeks. That’s why the community needs to motivate enough validators to join the workforce and help verify Pioneers in their country once the validator portal is open.  Additional time may be required if a Pioneer has submitted a name update appeal. 

In addition to identity verification, KYC results will depend on your name matching with your Pi Account, screening against government AML and anti-terrorism sanction list, and whether the account has a scripting or policy-violation history. Pls keep patience; no one will be missed.

Check if your country is under the sanctioned category.

https://home.treasury.gov/policy-issues/office-of-foreign-assets-control-sanctions-programs-and-information


KYC preparation - How to KYC?

In the Pi KYC process, you must upload a picture of your ID and take a live selfie. To prepare, you can check the below.

✅ Have your valid government-issued ID at hand. Passports, National ID cards, and driver's licenses are common IDs; a complete list per country is in development.

✅ Make sure you have your Pi Network app and Pi Browser app on a mobile device with a working camera

✅ Download the Pi Browser app if you don't have it yet OR make sure your PI Browser is updated to the latest version (1.6 for iOS or 1.6.1 on Android) 

✅ Allow the Pi Browser app to access your camera: on your phone, go to Settings > Pi Browser > Camera (allow)

✅ When you start the KYC process, make sure you are in a well-lit area, and you have a stable internet connection

Please note: for KYC, your Pi account name must match your name on your ID. New Pioneers have a 14-day counter to correct their name at the bottom of the Pi app home screen. After 14 days, only minor corrections are possible via the name appeal feature in your Profile.

✅ Watch the KYC Demo video at: 

pinetwork.atlassian.net/servicedesk/customer/portal/1/article/26836993  - KYC Info plus Video on how to do.


Before KYC, the first thing to do is make sure your name on Pi same with the name on the doc.

KYC asked.

Given name( Last name):

Middle name:

Last name(Surname):


Example:

Given Name: Last name

Middle name: ignore (leave it/empty)

Last Name: Family surname(First Name)


Example 1)

Henry Henterin

Given name: Henry

Middle name: 

Last name: Henterin 


Example 2)

Tan Chee Mun

Given name: Chee Mun 

Middle name: 

Last name: Tan


Example 3)

Mohd Amin Bin Mohd Abdullah 

Given name: Mohd Amin 

Middle name: 

Last name: Bin Mohd Abdullah 


IMPORTANT:

If your document ID not same with the name on your Pi Network, you must do the changes by clicking on the profile. You must do the changes before the KYC. If after KYC, you have no chance of redo.

After KYC, no chance of redo. Saw the one with "Review In Progress" here & there? 

Other issue: upload a wrong ID. You selected a National ID but uploaded a License ID.


Tuesday, August 2, 2022

Pi Whitepaper chapters: Pi Token Model, Mining Mechanism, and Roadmap

The Pi base mining rate was adjusted on August 1st, as it does on the first day of every month. 

Boost your mining rate through diverse contributions such as Pi Lockups, App usage, Node operations and more!


To understand different reward formulas:

https://pinetwork-official.medium.com/pi-whitepaper-chapters-mainnet-token-model-mining-and-roadmap-19f4a6774e71

KYC Questions And Answers

 KYC Q&A

1. Question: Will there be a mass KYC, or will it continue to roll out in batches?

Answer: Initially, small batches and soon mass KYC, to improve the system to scale for the mass KYC. We have recently released small batches of slots within the kyc.pi app in the Pi Browser to upload KYC documentation for testing, debugging purposes, algorithm, and performance improvements. For example, we released a new KYC app version containing liveness checks and document redaction preview to 50 more people per country. More batches will be released soon until mass KYC starts. Extra caution and iterations are applied to the development of the KYC app, as it deals with an essential process of the network and important data of Pioneers. Once the improvements and scalability are completed, Pioneers can go to the kyc.pi app to submit their KYC documentation.

2. Question: Will Pioneers be notified when KYC is widely available?

Answer: Yes. They will be notified in our announcement and can be notified by their referral team members. Pioneers can notify their Referral Team and Security Circle members to prompt them to perform KYC. The Core Team will also post announcements reminding users to upload their KYC documentation.

3. Question: When will Pi balances be transferred to their Mainnet wallets for Pioneers who have submitted KYC documentation?

Answer: Submitting documents only (e.g., KYC pilot participants) or even being authenticated as the person in the submitted documents (e.g., Yoti KYC’ed) is only part of the Pi KYC process. Additional checks such as name matching, previous violations of Pi’s terms of service and policies, and regulatory compliance verification will need to be performed, all of which will constitute a pass of the Pi KYC. Generally, after a Pioneer has submitted their KYC documentation, it will need to undergo a verification process, which involves verifying one’s identity and compliance with Pi Network’s Terms of Service. For Pioneers that pass this verification process, their Pi balances will become transferable and get transferred to their Mainnet wallets in regular batches.

4. Question: How long will Pioneers have to wait for approval after submitting their KYC documentation?

Answer: The processing time can vary depending on a few factors. Pioneers that participated in the pilot KYC app through the Pi Browser will be the first to be processed after the human verifier functionality is in place, which will be released soon. The purpose of having the pilot KYC is not just for Pioneers to get approval but also to improve the KYC app itself. Once validators can verify applications in the KYC app, the application's progress will depend on the availability of trustworthy validators per country, ranging from a few days to a few weeks. That’s why the community needs to motivate enough validators to join the workforce and help verify Pioneers in their country once the validator portal is open. Additional time may be required if a Pioneer has submitted a name update appeal.

KYC results will also depend on your name matching with your Pi Account, screening against government AML and anti-terrorism sanctions list, and if the account has a scripting or policy-violation history.

5. Question: How will users be notified if they have passed KYC or not?

Answer: A Pioneer can check on their KYC status inside the Pi KYC app through Pi Browser, where they submitted the documents.

6. Question: What happens to those who do not pass KYC? Will their accounts be burned immediately?

Failure in KYC can result from multiple reasons. Different reasons may lead to different outcomes, e.g., another chance to resubmit a KYC application, appeal, or permanent rejection. Pi accounts will not be burned immediately. A grace period will likely be given for any resubmission and appeal cases, which will be announced later.


Pi Network’s Pilot KYC Solution Released - When will Pioneers get to KYC?

 Nov 1, 2021 in-app Announcement 

The Pi Core Team has developed a pilot KYC solution that will initially enrol 100 Pioneers per country. These Pioneers have an opportunity to KYC early and help improve our app’s algorithms so that our solution can be applied to as many Pioneers as possible before Mainnet. In the short term, we will gradually roll out more KYC slots for the pilot version than this initial 100 Pioneers per country. 

Note that the Core Team is also working on translating this app in the future, so we recommend waiting for its full release if you cannot read English in the app. 

Why is KYC important? 

“Know Your Customer/Client” (KYC) is the process that verifies identification to distinguish genuine accounts from fake ones. 

The vision of Pi Network is to build an inclusive and the most widely-distributed digital currency and economy for all Pioneers. The mining mechanism of Pi Network is social-network based, and the mining rate halves as the social network size grow by 10X. Therefore, Pi has a strict policy of one account per person. 

This requires a high degree of accuracy to establish that members in the network are genuine human beings, preventing individuals from being able to hoard Pi by creating fake accounts unfairly. KYC thus helps ensure the genuine humanness of the network. 

The KYC data we collect is used solely to verify the Pioneer’s identity and comply with Anti-Money Laundering (AML) and anti-terrorism regulations. We’ve never sold any KYC data and will not do so without your consent. Please refer to our Privacy Policy for more details on “KYC data.” 

How does the KYC solution work? 

Pi Network’s KYC solution is built through our Pi App Engine as an ecosystem app. Keep in mind that this solution attempts to create a balance between accuracy and privacy while achieving scalability for millions of KYC, comprehensive coverage of diverse populations, and accessibility. 

Our KYC solution combines machine automation and human verification to accomplish accurate and efficient KYC for everyone. Machine automation will be responsible for image processing, text extraction, fake ID detection, liveness check, and image comparison. KYC’ed human verifiers may then have to check for errors. The importance of having and improving the machine automation component is twofold: 1) scalability to KYC millions of Pioneers and 2) reducing the data exposure to human verifiers to better protect Pioneers’ privacy. Your participation in the current pilot release of the KYC app will help improve our machine automation to satisfy these goals. 

Specifically, to protect individual Pioneers' privacy, personal data — except for data the machine failed to read — will be properly redacted. Human verifiers will be previously KYC’ed Pioneers who opt-in to work as a Crowdworker in the KYC app to verify redacted ID documents and selfie images to answer whether (1) the photo ID format is the same type as you stated in the data form and (2) if the person pictured in your ID is you. 

Two rounds of human verification will be required after the machine automation component. In the first round of review, two human verifiers will only be able to see the redacted ID document to verify if this document is the claimed ID type. They cannot see a Pioneer’s data or face within this ID document. When the KYC app is fully released, the Pioneer performing the KYC will get to preview and pre-approve the redacted version of their ID document before the ID is reviewed by human verifiers. However, suppose the machine reading fails to process some personal data. In that case, the human verifiers in Round (1) will also have to verify the specific portions of the personal data in these sections. 

In the second round of review, two other human verifiers will only be able to see the face in the Pioneer’s ID document and the face in the selfie. This will verify that these two images are of the same person. Other information in the ID document will not be viewable. 

If a discrepancy occurs between the 2 human verifiers’ results in either round one or two, then a third human verifier will be the deciding vote in resolving the dispute. This system requires at least 4 human identifiers for each KYC application, all working independently. Again, no single human verifier will see the ID layout and the face of the same person, further protecting your privacy.

Human verifiers will be randomly selected from a pool of crowd workers from the same country as the ID document provided. Before verifying real Pioneers, they must first agree with the Service Terms of the app and then go through a tutorial to train their verification skills. Since these verifiers’ work is constantly cross-validated to prevent bad actors, providing consistently inaccurate verification will lead to their removal from the workforce pool. 

The KYC app’s code may also be published as PiOS in the future so that community developers can help add country-specific features and documents to contribute to this project. 

Disclaimer: The data submitted by these initial Pioneers participating in this Pilot version of the KYC app will be visible without redactions to the Core Team members who are developing this app — we need to check if the machine automation results are accurate when compared with your data. So, it is okay to wait until later if you are concerned about privacy.

When will Pioneers get to KYC? 

We aim to build a fully workable and scalable KYC process through these measures. Once we feel that our KYC process is ready for mass adoption, the official start of mass KYC will begin before Mainnet's launch. After presenting a KYC solution for a specific country, we will offer a certain amount of time for people to ask questions and perform the KYC successfully. 

Depending on participation levels and other Mainnet parameters, we will decide if Pioneers can KYC after Mainnet or not. Don’t miss out! Check into the Pi app daily to continue earning Pi and keep up with our weekly content.

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