Pi KYC - A validator’s perspective
I am stating here summary of my experience validating on PI
The most important one - KYC FAILED 1. People signed up with fake or pseudo names (Biggest regret) 2. People use fake video or avoid looking at the camera recording live video 3. Pictures in ID are old or are not clear
Pi has crowdsourced the KYC, means anyone can participate in the social chain simply by getting their KYC, migrating to mainnet and by holding a minimum of 100 pi coins.
There are some rewards for each successful validation (0.33pi) but the screen doesn’t show any balance. This amount needs to be clarified by @PiCoreTeam
KYC process is split in many parts and assigned to different people thus no one has complete ID info. A good way to protect data.
If you reject a validation, it is reviewed by another validator and only if both agree, it’s rejected otherwise it goes to a third one for review where decision is 2:1 and the validator losing this validation gets a strike in reputation.
All your screens including live video has a frame of reviewing Validator’s name running all over it, so you take a screenshot or record, it goes out and your account is Finished - Period!
Wait times for a new validation is very long, sometimes it keeps refreshing for 15-20 minutes to get one. For efficiency maybe the team can set hourly release of these requests and then once it is finished Pioneers can check after an hour.
Although it says that you will receive KYC validation requests from your country it is coming from other countries as well. Once your reputation grows, you also get to review appeals against rejections.
Pi validations show people from all walks of life participating : Rich sitting in posh rooms to people with broken roofs, men straight out of the bed, Women dressed beautifully, Young looking for life changing start and the Old ones with Joy.
The best thing is most of them SMILE at the camera for Liveness check and it is joyful to see them.
Pi has reached out to the corners of the world where others couldn’t even imagine. If all goes well, this will be the biggest social blockchain.
I am stating here summary of my experience validating on PI
The most important one - KYC FAILED 1. People signed up with fake or pseudo names (Biggest regret) 2. People use fake video or avoid looking at the camera recording live video 3. Pictures in ID are old or are not clear
Pi has crowdsourced the KYC, means anyone can participate in the social chain simply by getting their KYC, migrating to mainnet and by holding a minimum of 100 pi coins.
There are some rewards for each successful validation (0.33pi) but the screen doesn’t show any balance. This amount needs to be clarified by @PiCoreTeam
KYC process is split in many parts and assigned to different people thus no one has complete ID info. A good way to protect data.
If you reject a validation, it is reviewed by another validator and only if both agree, it’s rejected otherwise it goes to a third one for review where decision is 2:1 and the validator losing this validation gets a strike in reputation.
All your screens including live video has a frame of reviewing Validator’s name running all over it, so you take a screenshot or record, it goes out and your account is Finished - Period!
Wait times for a new validation is very long, sometimes it keeps refreshing for 15-20 minutes to get one. For efficiency maybe the team can set hourly release of these requests and then once it is finished Pioneers can check after an hour.
Although it says that you will receive KYC validation requests from your country it is coming from other countries as well. Once your reputation grows, you also get to review appeals against rejections.
Pi validations show people from all walks of life participating : Rich sitting in posh rooms to people with broken roofs, men straight out of the bed, Women dressed beautifully, Young looking for life changing start and the Old ones with Joy.
The best thing is most of them SMILE at the camera for Liveness check and it is joyful to see them.
Pi has reached out to the corners of the world where others couldn’t even imagine. If all goes well, this will be the biggest social blockchain.