Got a notification from my phone and it was from my pi network requesting I renew my pi mining. I clicked and renewed, while I was on the app I had some self reflection and it dawned on me that I have been mining Pi for more than 2 years and the team haven’t launched the Pi token yet. We have been getting updates from the team on social media giving details of their progress but it seems like Pi is mining your data while you think you are mining the token. Lots of projects have come and launched while Pi is still here asking you to mine. What’s supposed to be their utility? I honestly don’t know, it’s expected to be like bitcoin, a token or a coin with value that can be used for transactions.
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But look at the mode of mining, you need to register and do KYC, then invite people to come mine with you. If the people you invited to come mine don’t do KYC, you won’t get some of your mined Pi, so the catch is to persuade your invites to do KYC. Why is this KYC so important to Pi, this is a sign that they are farming their users. They have your data, have access permission to your Facebook or whatever social medium you used to register. At this point, I don’t know if its too late to stop mining because my data is already mined, I might as well just stick around get rewarded.
Pi network has one of the largest communities, its instagram has more than 1 million followers, twitter followers is also more than 1 million, these are people that once believed in the community and also got farmed by the devs. The community is filled with people waiting and hoping that their effort of years of mining Pi will be worth it. This is just proof that the community is just farming community and probably selling their data, sadly I among those people getting farmed.