Публикуване
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Just few minutes ago I asked cgpt ; HOW legit PI NETWORK is?
and CGPT replied ;
PI Network is a cryptocurrency project that has generated a lot of buzz since its launch in 2019, mainly due to its unique approach of allowing users to "mine" coins using a mobile app without draining battery or needing expensive hardware.
Here’s a breakdown of its legitimacy and concerns:
What Seems Legit:
No Upfront Costs: It doesn't ask for money to mine Pi, which reduces scam risk.
Real Team: The founders are Stanford-educated, and the team has some credibility.
Large Community: Tens of millions of users are active, and it has created a strong global network effect.
Concerns & Red Flags:
Still Not Fully Launched: As of now (early 2025), Pi is still in its "Enclosed Mainnet" phase. Coins can’t be freely traded on open markets.
No Real Value Yet: Despite people valuing it in the peer-to-peer marketplace, Pi doesn’t have a confirmed, stable market price.
Data Privacy Concerns: The app collects user data (like phone number, identity for KYC), and it’s not entirely transparent how it's used.
Potential Pyramid Structure: The heavy reliance on referrals and team-building raises some eyebrows, though it's not a classic MLM.
Conclusion:
PI Network isn’t a scam in the sense that it doesn’t directly steal money, but it also isn’t yet a proven, valuable cryptocurrency. It’s speculative, and until it launches fully on the open mainnet (where people can trade Pi freely), its real worth remains uncertain.
Would you like a comparison between PI and other similar crypto projects?
NOW I'm feeling sooooo goooood🥰
#PiCoreTeam
#PiNetwok
and CGPT replied ;
PI Network is a cryptocurrency project that has generated a lot of buzz since its launch in 2019, mainly due to its unique approach of allowing users to "mine" coins using a mobile app without draining battery or needing expensive hardware.
Here’s a breakdown of its legitimacy and concerns:
What Seems Legit:
No Upfront Costs: It doesn't ask for money to mine Pi, which reduces scam risk.
Real Team: The founders are Stanford-educated, and the team has some credibility.
Large Community: Tens of millions of users are active, and it has created a strong global network effect.
Concerns & Red Flags:
Still Not Fully Launched: As of now (early 2025), Pi is still in its "Enclosed Mainnet" phase. Coins can’t be freely traded on open markets.
No Real Value Yet: Despite people valuing it in the peer-to-peer marketplace, Pi doesn’t have a confirmed, stable market price.
Data Privacy Concerns: The app collects user data (like phone number, identity for KYC), and it’s not entirely transparent how it's used.
Potential Pyramid Structure: The heavy reliance on referrals and team-building raises some eyebrows, though it's not a classic MLM.
Conclusion:
PI Network isn’t a scam in the sense that it doesn’t directly steal money, but it also isn’t yet a proven, valuable cryptocurrency. It’s speculative, and until it launches fully on the open mainnet (where people can trade Pi freely), its real worth remains uncertain.
Would you like a comparison between PI and other similar crypto projects?
NOW I'm feeling sooooo goooood🥰
#PiCoreTeam
#PiNetwok
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