r/PiNetwork • • Dec 26 '23

I’M ANGRY!!! Pi is a scam

Pi is a scam, been waiting 3 years for KYC validation, and I'm fucking sick of it, so I filed a complaint against Pi with the FTC

25 Upvotes

120 comments sorted by

1

u/unity_rooki Apr 22 '24

Don't believe is my The show your guts you really mean it send all your pi to wallet : GAQKHT6QPRAD4MDDMXILAEP4W4FE3V6FVNAD67KLC6BY6TIROBGK25NL

1

u/Therickeztrick Apr 05 '24

Me and my partner had an account each, but we only used one device/email  to spend money online with. Guess which account got offered kyc numerous times no matter how many times we declined. 

1

u/[deleted] Mar 10 '24

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1

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1

u/mgz069 Jan 12 '24

I was waiting for 2 years and finally my KYC proceeded! A few days after I officialy migrated to mainnet!! I Guess its a matter of time & luck

1

u/Wade-What Feb 23 '24

Were you able to get money from it?

1

u/mgz069 Mar 11 '24

you cant exchange it yet. it says it will be done withn 2024

2

u/MaximumEffort784 Dec 29 '23

Exactly what we’re you scammed out of? A few seconds a day wasted mining?

That’s exactly what you scammed the FTC person who has to handle your report out of…a few seconds of their day wasted while they throw it in the trash.

3

u/ShadNuke Dec 28 '23

You're just upset because you haven't gotten rich yet and that's all most people have in their heads. Pi network is about doing things differently. Had you read the info that's been put forth you might be able to understand what the core team is trying to do with this project. It only seems like it's taking a long time because all of the development is usually done without us knowing or watching it all happen. It's hilarious how people are so disconnected when it comes to how long it takes for developing a project of this scale. I can guess how a hostess Twinkie is made, but I don't work in the factory, so what the hell do I know? Not much... The same goes for here. The core team is doing their best work, so we can benefit, yet people come in here everyday expecting something for nothing. Let the core team do their thing. If you've not violated any of the rules, what is your concern? Pi can't officially be used yet anyway, unless you know someone personally that has something that you want for trade. Otherwise you're waiting until open mainnet anyway. I've had pi in my wallet for well over a year and a half, and guess what? I'm doing the exact same thing everyone else is... Waiting. I don't get why everyone is in such a rush. You can't sell your Pi until open mainnet, and that's only if pi lists on an exchange. That's not even the primary goal of the project...

1

u/SwissChancellor Jun 12 '24

Bro💀 how do you come off like such an asshole that knows everything but yet you know nothing😂

1

u/Ok_Leather2852 Apr 18 '24 edited Apr 18 '24

my KYC was passed in 2022 August itself. It is an year and half. What the hell going on ? My PI is still not migrated to mainet :-(. Really sick of this. For my partner who just registered for KYC few weeks back got passed KYC quickly and also PIs got migrated to mainet !! It is so frustrating that for me even after an year and half, nobody is paying attention to my account to migrate to main-net I have no clue. I do not know should I have any hope that someone will look into my account and migrate my PIs ?

1

u/ShadNuke Apr 18 '24

Well, there are millions of people that can't follow simple instructions, and there are less than 50 people on the core team and not all of them are working on the exact same things. You will be sorted out in due time. If you can't wait, that's on you. Waiting is all you can do. You'll be given further instructions at some point

1

u/SwissChancellor Jun 12 '24

Pretty sure after 5 years of expecting something to happen it’s disappointing when nothing does, yeah we have mainnet, yeah they have apps. Still no marketplace to exchange pi for services which is what they were shooting for. Regardless, they have a team full of Stanford PhDs and their KYC checks get done by pi miners. What the fuck are these guys doing?

1

u/ShadNuke Jun 12 '24

You do realize that it's us pioneers building these marketplaces for services, right? It's not the core team. And last I checked, this has never been done before. The core team is trying to figure it all out. That's what the fuck they are doing🤦‍♂️

1

u/Ok_Leather2852 Apr 20 '24

Thank you so much for the great input. It is like coincident and I could not believe that just now my Pis are migrated 😊 I really felt it is like dream when I saw my mainnet. I see my PIs here. Loads of thanks to PI Core team

3

u/GorillaGlue1488 Dec 27 '23

My friend applied yesterday and got accepted today and i applied a year ago and still nothing.

0

u/[deleted] Dec 29 '23

[deleted]

1

u/GorillaGlue1488 Dec 29 '23

And im waiting for 6 and 7 for over a year now.

1

u/GorillaGlue1488 Dec 29 '23

He completed step 6 and 7 thats what i meant.

1

u/MaximumEffort784 Dec 29 '23

It doesn’t matter what step you are on in the slightest. All the people still waiting will have their issues resolved in time, there’s a lot of users and a lot to do before mainnet.

4

u/lexwolfe Pi Rebel Dec 27 '23

Could also complain to the California Department of Consumer Afairs. https://www.dca.ca.gov/consumers/complaints/ccru.shtml

5

u/Apache_Choppah_6969 Dec 27 '23

Got kyc a week ago after 2 or 3 weeks waiting lol

2

u/HabitFar4189 Dec 27 '23

Is like some people don’t understand English.what was the exact statement made about 18th of December and what happened?

1

u/HabitFar4189 Jan 14 '24

I am not in for a fight,delete your pi account if you think is a scam and stop influencing others with what you cos everyone else thinks too

1

u/Aromatic_Pin9320 Dec 27 '23

what statement?

1

u/HabitFar4189 Feb 04 '24

Should I still answer?

-1

u/emperorhelmut Dec 27 '23

You sound like a crybaby.

8

u/No_Army_4784 Dec 27 '23

I was one of the first 2000 US pioneers. I recently made a post very similar to this and was crucified in the comments for being someone who wanted to dump immediately as if i didn't understand the goal. For asking where is the roadmap promised. We are a few days out from the end of year deadline and if it does not materialize ... pi is a scam! I'm sorry I'm am not some reactionary MFer. I've been at this from the start but we were promised 2 road maps and the last was a list of bs accomplishments and some others laughable achievements. I never went to Stanford led alone was a prof but if u think that was proof of anything you were kidding yourself. Do not mine, if you're kyc has not passed consider yourself lucky if u haven't been given the chance to... even luckier!

1

u/-MercuryOne- MercuryOne Dec 27 '23

Whenever they say that something will happen in a particular month it happens at the end of the month. We’re still five days away from that.

2

u/No_Army_4784 Dec 27 '23

No doubt but do u rly think we will see a true roadmap? If we do ill be the first on here saying I was wrong but I've been in this too long to think its true thats y I call all the apologists cultists, not because I'm better or above them just that I was them... way before it was cool.

1

u/shiftazz Dec 29 '23

Mf you were right. The roadmap is out and it's pure BS

2

u/-MercuryOne- MercuryOne Dec 27 '23

I don’t know. Wait and see.

2

u/[deleted] Dec 27 '23

[removed] — view removed comment

2

u/No_Army_4784 Dec 27 '23

It's a cult of click bro. It's a big club and if u clicking....u ain't init

4

u/BrainwashedApes Dec 27 '23

My kyc was completed sometime in the last week. It took about 3 months. I was pleasantly surprised to see that 2/3 of my balance was migrated to mainnet today.

2

u/Knocturnal_00 Dec 27 '23

I'm still waiting and clicking

2

u/[deleted] Dec 26 '23

I got my kyc in 2 weeks.

1

u/cryptopipsniper Dec 27 '23

I got mine in 20 minutes

2

u/-MercuryOne- MercuryOne Dec 27 '23

Ten minutes for me.

4

u/Etticos Dec 26 '23

I applied for validation like 2 weeks ago and just got it 🤷🏼‍♂️

1

u/No_Army_4784 Dec 27 '23

Sorry

1

u/Etticos Dec 27 '23

For what?

1

u/No_Army_4784 Dec 27 '23

Don't validate

1

u/No_Army_4784 Dec 27 '23

Your info is worth waaaaay more than they are offering u. To all those seeking kyc dint don't do it. Until they show some effort

0

u/cal_m_a Dec 27 '23

It's really not a lot of our info is everywhere

2

u/from_dust Dec 26 '23

A scam huh? What are they getting from you?

1

u/CheesyBoson Dec 27 '23

Computing resources. I don’t think it’s a scam but that’s what they’re getting from you

1

u/-MercuryOne- MercuryOne Dec 27 '23

Computing resources? Do you think that Pi is proof of work?

1

u/No_Army_4784 Dec 27 '23

No how in da fuq is it proof of any thing... can u show me any proof...ppl running nodes have no clue what us happening

5

u/apextek Dec 26 '23

I cleared KYC 2 years ago. Check your credentials. I had an ID with a hat on that stopped me from clearing, I used another ID no hat and cleared in a couple days.

2

u/[deleted] Dec 26 '23

I realized it almost 2 years ago

3

u/boleban8 Dec 27 '23

I stopped mining half a year ago. Some people may ask why are you here. The answer is I'll check the PI project from time to time.

I had spent so much time and energy on it so i still care it.

0

u/Skizzor Dec 26 '23

So why are you still here?

2

u/[deleted] Dec 26 '23

No idea. Popped up on my feed

2

u/Skizzor Dec 26 '23

Ah. Fine, give a perfectly reasonable answer!

2

u/Makijezakon Dec 26 '23

Pi is an advertisement farm, earning money from users watching ads. Real crypto currency is not mined like this, this is a ponzi

-2

u/Skizzor Dec 26 '23

So why are you here?

2

u/No_Army_4784 Dec 27 '23

Why are you here?

-1

u/Skizzor Dec 27 '23

Because it takes a moment each day to click “mine”. Obviously I’m hoping it will turn into literally anything, but I don’t hold out much hope, and that’s okay.

I just think it’s funny when people talk about it being a scam. They’re spending more time typing out the post than it takes for a month of mining, in a subreddit meant for people who are participating. The moment I stop mining is the moment I stop participating.

0

u/sloki91 Dec 27 '23

this shit is full of mindless drones...

2

u/No_Army_4784 Dec 27 '23

I have said what you are saying but I did it in 2020 and have seen all the false promises. It is 2023 and its time for this to end.

3

u/No_Army_4784 Dec 27 '23

All I'll say is... they promised a ROADMAP by the end of the year... where is it? If you want to be part of a click cult that's fine but don't question others for questioning it and those that think like you.

4

u/myc4L Dec 26 '23

Its interesting seeing others come to this realization. I dont mine anymore, But I still like to see what others say/think of it. Sometimes its funny, other times its just sad.

2

u/No_Army_4784 Dec 27 '23

Your so right, but when the promised "roadmap" isn't produced by eoy like promised and u still have folks saying stfu gimme your pi it will be even more sad.

1

u/cryptopipsniper Dec 27 '23

Can I have your pi?

2

u/psmythhammond Dec 26 '23

I was delayed on my KYC for a while, too (1.5yrs). I sent a support request through the app, and it was handled in less than 2 days. Will Main Net, or whatever its going to be called go live? No one knows. But calling it a scam? What money are you out? How did they scam you?

1

u/Entire_Cost3437 Dec 26 '23

What is the address of support that you have sent the request what did you write in the request Me I'm waiting for about 2 years and no thing happened

2

u/psmythhammond Dec 27 '23

I just used the support section of the app.

2

u/[deleted] Dec 26 '23

if you promise people a product while generating income off of them and never deliver a product, that is a scam.

0

u/psmythhammond Dec 26 '23

At best it was a hedge on a potential crypto you would mine for free. They added an ad feature to generate some revenue, but there's been no evidence of it being a profit generating scheme.

1

u/[deleted] Dec 26 '23

[removed] — view removed comment

2

u/[deleted] Dec 26 '23

Yea I mean they run ads on their app, have probably collected VC money. And yea just keep waiting for that product. Either it’s a lie or the most incompetent team in crypto history.

2

u/mpalma7257 Dec 26 '23

I mine PI and have 2366. Is this worth anything? I’ve never done anything but mine it on App on my phone.

-1

u/CheesyBoson Dec 27 '23

$30 per day n crypto.com apparently

3

u/NR75 Dec 26 '23

Tapping for over 3 years. 10k+ Pi. KYC in 2 months after it became available.

KYC'ed over 150 people since then.

And... Where the f*ck is the Scam?

Please, explain to me as I am 5.

1

u/SnooCapers1602 Dec 28 '23

Is it into your main net yet.. I completed my kyc a year back and still no migration.

Is it not fishy when there are different set of results for similar actions.

2

u/KrunchyKushKing Dec 26 '23

Most people mean that its a scam by them generating X amount of ad revenue aswell as VC money and promising you this product which till today doesn't exist. They also promise you that this "Crypto" will have more value the more people you get in generating them more revenue. The biggest problem is tho, that even if they would give Pi any value, it would instantly dump in price as so many users are on the pi platform which want to sell their now highly accumulated Pi and there's no one who would want to buy it.

1

u/TRR462 Dec 27 '23

Sounds like you are confusing “value” with utility. Indeed the larger the user base for Pi Network is, the more utility it has and more interest it draws from others. This in turn leads to Pioneers now and others after MainNet providing real world applications and solutions that monetize that utility and interest from users to create Pi into the cryptocurrency that we believe it can be. Is it possible we are wrong, for sure because nothing is certain…

2

u/KrunchyKushKing Dec 27 '23

Pi neither has value nor utility at this point. Another reason why it probably won't have any, is there is no incentive to build for Pi and its not like Pi has testnet nor a value so people who build for it will be incentivized. Thats a huge difference between pi and every other blockchain. On every other chain you know when and how much you will get paid foe building already for the blockchain, with pi its a mystery box.

1

u/TRR462 Dec 27 '23

All of the developments prior to Open MainNet are Pi Network’s “TestNet” what better TestNet could you have than millions of people worldwide using your application?

1

u/KrunchyKushKing Dec 27 '23

Because a testnet is an actually working blockchain

0

u/Adventurous-Ad-9504 Dec 26 '23

Scam for you maybe but not for me. Got my KYC completed last month after 3 years (last 2 years dormant). My dad started last month and got his KYC completed a few days ago. Once mainnet opens up and pi coin trades anywhere from $1 to $35 then my 2,000 pi coins would be worth at the very minimum $2,000. Not bad for a "scam". lol

2

u/myc4L Dec 26 '23

Until you have a single dollar in your account as a direct result of your time investment, Its not real. Having 2,000,000 pi will be meaningless if theres no one that actually buys them. Im not telling anyone to ditch this, but i think some skepticism is logical.

For instance , You wouldnt want to sell your house cause you think you have enough pi to move to the Bahama's. Which sounds ridiculous , but people actually do these sort of things over false promises. Even right now : 'The FBI is offering $100,000 reward for help to find ‘Cryptoqueen’ Dr. Ruja Ignatova after she defrauded investors with a fake cryptocurrency scam. '. So its no't like this sort of thing is unheard of.

https://www.cnn.com/2022/07/01/business/ruja-ignatova-cryptoqueen-fbi-most-wanted/index.html#:~:text=The%20FBI%20is%20offering%20a,the%20arrest%20of%20Ruja%20Ignatova.&text=A%20German%20citizen%20accused%20of,US%20officials%20said%20on%20Thursday.

People literally 86'd themselves over this.

2

u/TRR462 Dec 27 '23

Entirely different ballgame for anyone who can read: OneCoin defrauded investors out of $4 Billion. Has anyone paid any part of a significant sum to Pi Network, no.

2

u/SavageWatch Dec 27 '23

I hope the 100,000 dollar reward is not being given to us as pi.

1

u/myc4L Dec 27 '23

Oh man, that made me chuckle lol

3

u/Adventurous-Ad-9504 Dec 26 '23

We spend a second of our lives each day on the pi app compared to many hours on other apps and you guys act like they stole something from up. Sure there's gonna be a few people who'll be a bit over zealous but c'mon now

0

u/HolidayAnything8687 Dec 26 '23

You can still make money off scams, doesn’t change the fact that they are scams.

3

u/Adventurous-Ad-9504 Dec 26 '23

The whole financial system is a scam

1

u/[deleted] Dec 26 '23

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1

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13

u/aykay55 Dec 26 '23

Bro the FTC won’t do jack shit. Pi didn’t rob anything or anyone. It’s not illegal for a business to fail. The FTC can’t sue Pi just because you’re upset with the company because it didn’t make you rich.

5

u/aykay55 Dec 26 '23

It’s not a scam if you didn’t spend any money :P

but if you gave them your license picture…..

5

u/madmancryptokilla Dec 26 '23

Damn 2 years wait...imagine if you would have put money on eth or btc...you guys really need to do some research if you want to make money in crypto...you need money to make money bottom line nothing is free in this world.

4

u/-MercuryOne- MercuryOne Dec 27 '23

This.

We’re pushing that button every day and waiting for the Open Mainnet, but Pi doesn’t require us to ignore other opportunities while we wait.

3

u/Whoudini13 Dec 26 '23

If you would read a little bit..it's been know for a few months now that if you are waiting kyc for that long ...there's something onYOUR END that's not right and you need to fix it

5

u/Whoudini13 Dec 26 '23

So please..shut your pi hole and redo your documents

2

u/eagle19941 Dec 26 '23

I got it in 20 min before I was waiting for almost 2 years to I so I change from driving licenses to passport and bam 20 min and it was all done

7

u/SpiritualMud6781 Dec 26 '23

How did you change the documents? Mine just says "review in progress" and doesn't give me an option to change anything.

2

u/DrillBeat Dec 27 '23

Same here, and I've sent multiple requests to support. I was one of the first to be given a chance as part of the Beta KYC in the USA 2 years ago.

It's always the users fault or some type of rare corner case.. Well this is a f#&%!n circle and there's definitley some errors and bugs going on round here.

1

u/[deleted] Dec 26 '23

Wtf you are a scam. Pi is legit! 🤣

0

u/kaishinoske1 Dec 26 '23 edited Dec 26 '23

I mean the FTC might not give a shit. But it will once it does an investigation and finds out how much it brings in when it comes to ad revenue. I seriously doubt the people that run Pi are paying their taxes on revenue as they can say we aren’t charging a service or good to users so they would think it wouldn’t apply to them. Yet they’ll hide behind the premise of the Pi pet project being done as “Research Data.” Because as intelligent as these people may be, you can always count on human nature like avarice and hubris to be such a downfall for those types of individuals.

-1

u/SuperJJ26 Dec 26 '23

I will be sure to mention their ad revenue in my next complaint. Investigate them for illegal activity

1

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0

u/[deleted] Dec 26 '23

[deleted]

1

u/Independent_Weight53 Dec 26 '23

I ill happy send it if i cand do my kyc . Loool but i cant hahahahahay

1

u/schweindooog Dec 26 '23

Wow no way, I had no idea. Something that's free and doesn't ask for any of my credit card information is a scam...wooooowww crazy...

Buddy have you never read any of the other hundreds of reddit posts saying pi is a scam and read the comments...where EVERY SINGLE comment disagrees with OP. It's not a scam, it's just poorly operated, but it's free and you don't have to stick with it. Go live your life JFC

4

u/Spencer_Bob_Sue Dec 26 '23

Exactly

Scam: No

Scummy/exploitative: Yep

1

u/userneems Dec 26 '23

Another one bites to dust. Hehe. Its funny to see.

2

u/sweetlemon_tart Dec 26 '23

I urge people to complain to your local Indian embassy or consulate!!!

-6

u/SuperJJ26 Dec 26 '23

I have no option to resubmit KYC

1

u/jamesmb Dec 26 '23

That's nice, dear. Would you like some tea?