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Personal Data Security: Are We Safe With Pi Network?

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Written by   121
1 month ago

In the past few months, lots of mobile mining applications have been launched in order to compete with the growing and fast development of Pi Network. Not to mention any of them, but most of those applications were just plain scams that wants to take money from their users by showing loads of advertisements every time a user made an activity inside the app.

But with the existence of those scam apps, Pi Network was not an exception with the allegations of being just a possible scams that only make revenues from showing ads or selling personal data from its users.

In this article, I'm gonna break those allegations about Pi Network and to give a clarifications to people asking about Pi's transparency and let this article to be the voice of the people who are concerned but can't speak out about it.

But before we go on with this article, I just want everyone who can read this to know that this is not a paid article. A question about if Pi Network really is legit and worth our little time is currently unanswerable until it will be fully launched and available in the public market.

1. Just A Business For Showing Ads In The App.

This is one of the biggest concern for the users yet the easiest one to be clarified.

Unlike the other mining applications that shows ads without the permission from the user, Pi Network allows its user whether or not they will activate the option for showing ads inside the app.

Users can decide if they want to activate this or not and this one is more comfortable than those other applications who constantly shows an ads even just by staying inside the app.

You must be asking about why Pi Network made an option for showing ads or not.

Here's the fact about that.

Since Pi Network has over 10 million users already, the Pi Network also need to store the data of those 10 million users. But don't get wrong, I'm not talking about the user's personal data, what I'm telling you about is the data of how many and who you have invited in the project, your completed mining sessions in the app, who invited you and other things. The things I have mentioned needed databases and servers to store all of it and with the help of showing ads inside the can help the developers pay for those servers and databases from the revenue it can get from ads.

One more thing we should also know that Pi Network uses a third-party application service called YOTI for the verification process.

The verification process is obviously not free and YOTI charges Pi Network around $1.4 for every verification and that would mean that Pi Network needed to pay YOTI a hundreds of thousands of dollars for just 100,000 KYC slots.

So it's very unlikely for the Pi Network to just get revenue from showing ads if we just realize that how much expenses they needed to pay for the success of the project.

2. Collecting and Selling User's Personal Data.

A person's personal data is nailed to be the most expensive thing to be taken by anyone and this can raise concerns to anyone about their security.

But to short it, Pi Network does not sell or even collect its user's personal data.

The KYC Verification.

Pi Network uses a third-party application for storing the people's data called YOTI. With YOTI, all inputted information about the user are encrypted - meaning Pi Network and even the YOTI application itself does not have access to it after confirming the data.

And regarding to the Pi Network KYC verification process, the network itself will connect to the YOTI application and asks if you are a verified user or not. This totally means that Pi Network does have any access to your personal data because it was stored encrypted in YOTI - that even YOTI itself can't get access.

If Pi Network was really a scam in the first place and only want to steal your personal data and make money from showing ads, they could have just automatically shows an ad in every user's account without hesitations or they would not be needing to use a third-party application just for a user's KYC activity.

Final Say.

With everything I've mentioned above, that could clearly let you/everyone who reads this know that Pi Network can't be easily just a scam. No one really knows if the project will be successful until phase 3 arrive - where Pi coin can really have its value and tradable in exchanges.

I'll be writing more about this project in the future and if you still don't have the Pi Network app and you don't want to missed out on this, you should install and run it on your device now.

I will publish a guide about Pi Network soon and I'll be sure it will be helpful for everyone who wants to start mining Pi.

Image Source.

FIN.

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Written by   121
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Comments

Sabi Nila scam ang Pi totoo ba?

$ 0.00
1 month ago

When everyone was giving me link to join pi i was like you can waste your time but I'm not going to signup in this and till now never created account there and i know it's nothing just a scam or failure

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1 month ago

It can't be scam. There is no investment here except for for 3-5 seconds everyday. If you have been following Pi you will see how great their development is since the start of the project.

$ 0.00
1 month ago

You are right! I am member of Pi-Network for about one year and half year. My personal data and mining both are secured. But unlikely they are not able to to lunch their Crypto yet. I hope it will be available for trading as soon as possible. Are you have any idea about its launching for trading?

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1 month ago

For just a sec - I was like nooooo - don't let it be So, phew Good read :D

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1 month ago

Basta ako, tuloy pa rin sa pag mine kahit di na nya ako emine 😒, chorr. Till now nagmimina pa rin ako. As in araw araw.

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1 month ago

Ako walang skip sa pagmine, laki tiwala ko dito e 😂

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1 month ago

Ako din nga, saka di naman kasi maaksaya sa battery diba. 1 second lang nan pag open Keri na un.

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1 month ago

Balato ah pag nag $10 Isa hahaha

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1 month ago

Ahahahaha, babalato kapa ee nasa 2k Pi kana ata 😂😂

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1 month ago

1k+ palang sakin. Kay ma'am Jeaneth ata yung 2k na.

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1 month ago

Aba matindi si madam Jeaneth, akin ata 1209, ahaha Keri na basta di malilimutan

$ 0.00
1 month ago