In a bid to launch open Mainnet as soon as possible, Pi Network’s blockchain has been discovered to be linked to Visa and Mastercard purchases through the integration of metadata. This was revealed when the Pi Core Team removed a firewall, causing Pi Coin to appear in the Stellarterm exchange where users could purchase it using credit cards.
The connection was made possible through metadata embedded in the Pi Network blockchain. This metadata, previously thought to be innocuous, was actually used by the Pi Core Team to link Pi Coin transactions to specific Visa and Mastercard card purchases made through Stellar’s Anchor platform.
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It is metadata that is integrated into the Pi Blockchain. Surprisingly, the VISA and Mastercard cards used to purchase coins in Stellarterm were linked by Pi Coreteam via metadata from Stellar's Anchor. This means that as soon as Pi Coreteam removed the firewall, Pi… pic.twitter.com/fpArLnaoER
— Pi News (@PiNews_6) December 11, 2023
This discovery raises concerns about the privacy and security of Pi Network users. The fact that the Pi Core Team was able to track user transactions without their knowledge or consent is a major red flag. Additionally, the revelation that Visa and Mastercard information was embedded in the blockchain raises questions about the compliance of Pi Network with financial regulations.
Pi Network has yet to publicly comment on this discovery. However, it is likely that they will face increased scrutiny from regulators and users alike. The implications of this discovery for the future of Pi Network are still unclear. However, it is certain to cause a significant setback for the cryptocurrency, which has already faced criticism for its lack of transparency and functionality.
In light of this news, it is important for Pi Network users to be aware of the potential risks associated with the platform. Users should be cautious about sharing any personal information on the Pi Network app and should consider withdrawing their Pi Coins to a more secure wallet. Read More
Why should they trade on such act without transparency at first.
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Why can’t I mine after I have changed my phone?
I like this program
Hello,i lost my phone and almost lost everything but i got a new phone though i can not find my pie ., someone there to help me out thanks
Download again Pi Mining app, change password and verify your account thru FB, phone or email by getting a code, enter it to confirm it’s you who’s logging in, once you gain access follow steps for KYC by clicking Mainnet Info on the right, below the screen, create new wallet if you haven’t completed KYC, once you passed KYC and Mainnet Essentials (all steps were all green) you will be included on migration to Open Mainnet
Yes I like this project
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I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 47 million members worldwide. To claim your Pi, follow this link https://minepi.com/daiv101 and use my username (daiv101) as your invitation code.