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Forums › Finance and wealth management › Pi or π
quickymart

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#284528 27-Apr-2021 20:49
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A friend of mine keeps prompting me to join up with this system. It sounds like Bitcoin but I don't know a lot about it (nor Bitcoin, come to think of it).

 

Still, Bitcoin was once worth nothing once upon a time, today it's worth a small fortune.

 

Has anyone heard of this Pi thing? Is it any good? Should I register my interest, or is it a scam? Googling doesn't tell me a hell of a lot about it.

 

Thanks :)

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nzkc
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  #2698986 27-Apr-2021 21:04
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Just go read their FAQ. They cover quite a bit.

 

My take on it was one of cynicism. They claim to be trying to "fix" crypto currencies and even went so far as to say "if you're looking to make a quick buck look elsewhere". My cynicism is that the authors of the product stand to win - the average users do not. It almost looked like a pyramid scheme to me.

 

Perhaps take the classic "if you do not understand the product, do not invest in it" approach.



freitasm
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  #2698987 27-Apr-2021 21:15
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Crypto?

 

No, thanks.




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quickymart

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  #2698993 27-Apr-2021 21:33
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He keeps saying I should register, but no need to invest (yet). The fact he's saying it to me a bit kinda gives me the inclination something about it is like a pyramid scheme, but I can't quite put my finger on what it is.



BlinkyBill
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  #2699038 28-Apr-2021 07:26
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quickymart:

 

He keeps saying I should register, but no need to invest (yet). The fact he's saying it to me a bit kinda gives me the inclination something about it is like a pyramid scheme, but I can't quite put my finger on what it is.

 

 

Why would your friend need you to invest? Because that’s how pyramid schemes work.

blackjack17
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  #2699040 28-Apr-2021 07:35
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Its a pyramid scheme

 

https://minepi.com/faq 

 

 

 




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freitasm
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  #2699043 28-Apr-2021 07:46
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I didn't even read the FAQ before sniffing a pyramid scheme. But that screenshot shows it out there.

 

Run from it. Do not engage.




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Loismustdye
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  #2699049 28-Apr-2021 08:19
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It’s crap. As above it’s more or less a pyramid scheme, but their app also has those annoying ads that take up the whole screen for 30 seconds etc, hard to take seriously when they have what I would consider spam advertising built into their app.

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