Sirwin
Sirwin

Pi app Who's "mining" who?

By Frogger | Cryptofrog | 16 Mar 2021


Misleading Marketing by the masses

As a public service, I thought I should warn people of this app.  I got into the pi app over 1 year ago, and I want to tell you why I want nothing to do with this now.  Lets start off with the white paper. Many informed people will read this about a particular project before diving in. When you download the pi app the white paper is very easy to find and read.  It goes on and on about how bitcoin was x price when it started, and compares pi to bitcoin.  It's really misleading for them to do this in my opinion. Pi would be a lot more honest to compare itself to thousands of failed coins.  The more research I did about the project the less I wanted to do with it. I did some digging, and the beloved "sanford phd's" were nothing that excited me.  What difference does it make what school they went to? Nicolas Kokkalis, and Chengdiao Fan also were in development of a system of mass reading emails.  I didn't find anything about them working on any blockchain tech projects last I checked.  The ponzi aspect of the "network" makes it hard to find real facts about any of it.  Click on any google article, asking the question "is pi a scam" and it was written by someone who at the end spammed their pi invite link. The person who wrote the white paper was a highly paid marketing expert who promoted blockbuster movies. After seeing an article that featured the marketing expert Christine Birch, I had even more doubts about the project.


“With all the emphasis on analytics and micro-targeting, it’s tempting to forget that it’s the ‘mythic narrative’ that connects all the dots, and creates emotional resonance. Since the beginning of man, such narratives have helped establish a sense of common purpose, which is how successful movements are built,” says Birch.

“While most movie marketing campaigns are data driven, I feel there’s a greater need to access more of the emotional underpinnings in these campaigns. When I decided to embrace the Pi Network, I saw an opportunity to demonstrate the validity of my approach and provide a storytelling narrative to a project that was outside the entertainment industry. Storytelling does not have to be specific to any platform,” Birch tells Deadline.

Quote from a Deadline Article featuring Christine Birch (writer of the white paper) deadline.com source


When I looked at the pi site before, (I'm positive about this) it was saying socialchain.com at the bottom of the page.  I copy and pasted social chain.com into my browser, and looked into it at the time.  Now, it says socialchain.inc. at the bottom of the pi site.  Is this a Mandella Effect? Did it change because they didn't want people knowing that it was just affiliated with a marketing company?  Maybe it was socialchain.inc the whole time, but this has me questioning my sanity a bit.  And how do I find information about Socialchain.inc if that's really the company behind this?  I am not finding anything.  Regardless of this information, why would the pi app be listed under the category of social? It makes sense that they have the app in the social category.  They allow users to download the app who are not allowed to use cryptocurrency.  Why would they do this?  I believe they do this because it means more revenue for them.

Ponzi Marketing FOMO > Data Security
The marketing is working so well, that negative search results are usually just more "pioneers" trying to share their codes.  If you use the pi app chances are that you have never read the privacy policy, but you have read the white paper.  This is by design.  App permissions are extensive..  Also, the privacy policy states "We may change this privacy policy at any time."  So, in reality there is no privacy involved.  But keep clicking that button every 24 hours because "It doesn't cost you anything". 

2603201c88c92539b53710e5f01e3dbf51034d408f30b161b83e0315afafc006.png

06cd28ade7c7738ed91efb14b38bdb461b147f8ff208ae0e173cc8e9a309f6d1.png

b7923baa7d86ba869e51c98791dade2252fca89e396a5473b42a1be8ec9eb889.png

 

When you consider what you're giving away vs what you're getting, to me it's not worth the risks.  As a youtube user put it "you're not mining anything".  So, you're not mining it, but they are taking your data. They're mining your data, and getting ad revenue.  Why would they call it mining pi?  Could it be PI stands for personal information? I think the only thing being mined is your personal information.  To me a "currency" is something that has value. PI is NOT a currency.  So, for pi to advertise that Pi is a digital currency you can mine on your phone. Is lies upon lies. 

Third Party apps

Another disturbing aspect of the pi app was so called "third party apps".  These are apps witch may have different privacy policy separate from the pi app. Ok that's interesting... I click on the third party app, and see a covid tracking app.  I don't want this app, but I can't uninstall the app.  I don't consider this to be a "third party app" if it's installed by default, and you can't uninstall it.  I say kindly direct me to the third party developer so I can ask them how to uninstall this.  Who knows how many apps they'll decide to add against my will? No thanks!  They sure didn't like me asking questions about this in the pi chat. 

KYC

The pi app has changed since I used it. Now they have a new type of KYC. When I used the app, it was able to be verified by Facebook. Now, the pi app requires different KYC method called Yoti.  Here's the app permissions.

3de1cdcb3bf2b72e3e1df86f45b65271028d2371d88a880bb61d2847833eaaf0.pngcce5165df8387120848c85b23abfaead80196ce9993e0196313099c7587c90d4.png0b83d13e092b31bec9e7b598345e6bace4507a38d1cb90e4ac910bf8a50a54fd.png592f86ccd68ea0dd691fb75ea431d415fecd203a113ce437d5d4528aa8fe8ac7.png

Core team

What happened to the "core team"?  I remember when I signed up for pi, there were several members of the "core team".  Now, I look to see who is involved, and I only see 2 people.  What happened to Vincent McPhillip?  To me this is concerning. It's not that I care if Pi network goes anywhere, but for those that do, I would be asking questions...

Emulator

It seems that the pi app is nothing but an emulator of an actual mining app. I was looking into the new information about pi.  Now they're coming out with wallets.  Wallets... but wait..... wasn't the app itself the wallet?  Another lie I guess.  So download the node software on your pc (witch also tracks every website you visit), and you get a test wallet for your test pi. Oh that's not your regular pi... You'll need to convert that test pi into another test pi with a special site.  It's still worthless... I'm pretty sure the Pi I "mined" is not there anymore.  Not that it was ever really in my "wallet" or non-wallet.

For the fact that they lied about the "mining", lied about the wallets, and they lied about it being a currency, how can I trust them?  Do I believe for a second that they actually have a blockchain by looking at a so called "explorer" website? I'm not convinced at all.  Could this be just more smoke and mirrors marketing?  Another emulator test... Just enough to string people along a little bit longer?  With all the money they must be making from advertising, (not to mention selling your data) shouldn't they be able to afford to hire someone who actually can get a real network going?  I'm not convinced they're even trying to build whatever it is they're claiming now.  But this is for you to decide.  I'm just stating my opinion here.  It's probably not a popular opinion.  I respect your optimism if you do not agree, and I'm not trying to start a war... I just feel pi to be a waste of time.  If I'm going to be clicking on anything daily, it'll be something that's actually paying now, and not possibly maybe paying sometime in the future.

Thanks for reading my article... Please tip if you like this, and good luck to you in your cryptocurrency ventures!

How do you rate this article?

6


Frogger
Frogger

Lover of cryptocurrency, technology, and freedom.


Cryptofrog
Cryptofrog

I want to fill the gap where needed. I'm learning more and more about crypto, and how to do certain things. When things are unclear, and I'm just learning by trial and error I see a clear need to make a guide for others that will need to do these tasks in the near future.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.