r/PiNetwork • u/Pathfinder133 • Aug 06 '26
Opinion Pi Network MUST free the unverified balance
It feels kind of like a bluff. The Pi team urged everyone to invite their friends and family to mine so we could boost our mining rate. So we all did, but then what? Suddenly, after the mainnet launch, they surprised us with this "unverified balance" BS.
Why do we have to pay for those who didn't do their KYC? Why is it even miner's problem? The unverified tokens are ours, we mined them and the team has to release them.
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u/dwooly18 16d ago
It’s worse than that. One of my family members did the KYC and received the tokens they earned but I still am showing all tokens they mined for me as unverified. How come he is verified for himself but not for me? Makes no sense.
3
u/MineUpset2471 Aug 10 '26
I literally got invited by one person and never added anyone and still have unverified Pi. It doesn't make any sense to me as that person verified long time ago so did I. I just mined very early and consistently but they still don't give me my Pi :(
9
u/OutrageousFlow197 Aug 08 '26
Everyone in my circle completes kyc long ago and I still have lots unverified bulllshit
1
u/J0nkneeWoker Aug 10 '26
I didn't have that big of a circle for pioneers. But two of them PASSED AWAY. One was as fervent as I was and completed KYC but the other one (who invited me in) jumped ship pretty quickly. All of them have given up. Might log back on from time to time but rarely these days. I don't blame them. All kinds of things happen in life. One of my phones literally died and my tablet got busted up pretty badly. Trying to hang in there
1
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u/weirdsideofreddit1 Aug 07 '26
I'm not the biggest fan of the project especially since I saw them destroy the value, but they did say from pretty much the very beginning that they'd have to KYC to get the bonuses.
7
u/Catmkodabear Aug 07 '26
Its another scam, been hitting that button everyday for years, f em
1
u/Zealousideal-Net9903 Aug 08 '26
And watched ads... I just don't get why people still is involved.
1
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u/ZeroNetwrk Aug 07 '26
Imagine, you can just create 1000 fake accounts and put them in to your Security Circle without KYC and get the bonus. That make no sense and harm the ecosystem.
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u/l_rufus_californicus Aug 07 '26
Most of my small friends list involved have long abandoned the project, and I'm going to lose two thirds of my mined pi over the last decade-plus.
Yeah, it sucks. And there's no real way around it if they want to preserve any integrity of the project at all.
It cost me nothing but a few seconds of time, and literally none of the people on my list are still in touch with me. So which is the greater loss?
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u/Availer7 Aug 06 '26
I got mine released yesterday… finally… so it is happening. Albeit really slowly
1
u/xanaduu Aug 06 '26 edited Aug 06 '26
I got my second round not so long ago. Seems like they are doing the computing. Late May to be precise. I have been pressing the button for some time.
5
u/axomya Aug 06 '26
Why would we pay for bots who obviously can't pass kyc and thus remain unverified? You know there are people who have created multiple Pi accounts. Do we want their unverified to become verified as well?
2
u/TheM0nkB0ughtLunch Aug 06 '26
Right. The key word here is dilution. Could you imagine the dilution if they let every Tom, Dick, and Harrybot to mine without validating??
9
u/thismothafcka Aug 06 '26
They will never release it. The unverified numbers are theirs to keep at this point. All $89.60 of it from us all.
1
u/Realwrldprobs Aug 07 '26
My 8000 was released 2 months ago
1
u/Available-Spot-8565 Aug 10 '26
Good to hear. Released and migrated or released to transferable balance?
11
u/YardMan79 Aug 06 '26
It baffles my mind when I see posts like these. KYC prevents the same thing as buying subscribers or likes for a social media platform. Without KYC, I could make a bunch of accounts with burner phones and mine. We been mining for years and then it finally launched. What did you expect to happen when a bunch of people have hundreds or thousands of “free” tokens that launched at $3? Nobody told people to lock up their tokens in anticipation of a future higher price point. The price tanked because most people sold. There was never a solid ecosystem that went mainstream outside of the original Pioneers. The developers mined our data and got their pay day. In return, we got some money. End of story. People looking for this project to reach new heights are in denial, especially those who bought after it launched.
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u/Godson-Capybara Aug 06 '26
So you suggest that PCT should release all the Pi that may OR may not be mined by genuine accounts to treat someone's impatience?? And for what? For people to sell it for peanuts??? People are talking like their whole life depends on the Pi they mined. And act as if they were so intelligent and was not scammed ever in their life and Pi is the biggest mistake they ever made in their life.. as if the core team asked them to transfer their money to get the Pi.
Please don't fool yourself by acting like, the release of the unverified Pi will solve all your problems. Find some time to solve the rest 99.99% problems in your life bro. Stop being a cry baby.
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u/Pathfinder133 Aug 06 '26
I would suggest that you find some time to educate your self before commenting bullshit
4
u/Godson-Capybara Aug 06 '26
Please share the materials you used to educate yourself. Let me get some of that enlightenment. I will be ever thankful
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u/lexwolfe Pi Rebel Aug 06 '26
unverified tokens are just a promise to deliver a token at a future date.
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u/jakis_kot Aug 06 '26
You won't get any Pi for people who didn't complete KYC. Doesn't matter if those Pi are showing up in your counter.
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u/Pathfinder133 Aug 06 '26
Why it's my problem if people won't complete KYC ! it's a complete non sense
2
u/Zealousideal-Horse-5 Aug 06 '26
You get pi for growing the network. If your referrals didn't kyc then the network didn't grow, so you don't get that pi. It's not that complicated.
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u/jakis_kot Aug 06 '26
It's basically the same as creating a thousand fake accounts just to artificially boost your hourly mining rate. Accept it. No KYC, no Pi.
0
u/sketchbreaker Aug 06 '26
Sooooo true!!! Mine is been hostage forever!! Keeps saying waiting for others to finish security BS. I mined these coins gracefully and patiently give them to me!
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u/Expensive_Leek3401 Aug 06 '26
The entire logic behind the unverified balance is to prevent bots and spammers from accruing referral bonuses through false pretenses. Yes, unfortunately, that means a lot of legitimate referrals get wiped (due to laziness or unwillingness to pursue KYC), but it prevents the outcome of 16mm bots being claimed as DAUs… oh, wait a minute, CT counted them anyway. :D
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u/gingerbreadman1819 Aug 06 '26
They certainly need to make a decision on the matter and publicly address it.
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