Pi network. Scam or legit?

I've been seeing alot of talk lately about pi network and it's legitimacy. So today I wanna go over the basics with you guys. Pi network is a project launched in March of 2019 by a group of Standford graduates with the hopes of making cryptocurrency mining something anyone could do, without all the expensive fancy equipment. As of now mining is costing us enormous energy consumption and as such is frowned upon. Pi hopes to change that by enabling mining on your Android device. The market for mining can also be a competitive one so pi sought to address these key components when developing this project. They implemented an algorithm called the stellar consensus protocol. SCP uses a novel mechanism called Federated Byzantine Agreements to ensure that updates to a distributed ledger are correct and can be trusted. Pi uses these two consensus mechanics to make mining mobile friendly by utilizing nodes to send messages back and forth to find the next block. SCP is one instantiation of FBA. Instead of burning energy like in Bitcoin’s proof of work algorithm, SCP nodes secure the record by validating other nodes in the network as trustworthy.

There are four major roles contributors can play in the morning process

• Pioneer. A user of the Pi mobile app who is simply confirming that they are not a “robot” on a daily basis. This user validates their presence every time they sign in to the app. They can also open the app to request transactions (e.g. make a payment in Pi to another Pioneer)

• Contributor. A user of the Pi mobile app who is contributing by providing a list of pioneers he or she knows and trusts. In aggregate, Pi contributors will build a global trust graph.

• Ambassador. A user of the Pi mobile app who is introducing other users into Pi network.

• Node. A user who is a pioneer, a contributor using the Pi mobile app, and is also running the Pi node software on their desktop or laptop computer. The Pi node software is the software that runs the core SCP algorithm, taking into account the trust graph information provided by the Contributors. 

People can contribute through multiple roles and all roles are pivotal to the verification of transactions. Now we've talked about phase one and what pi actually is, so what about phase two and three? Phase two is the launch to the testnet. Once the testnet is secured and the community feels comfortable with it, it will be released on the mainnet in phase three. All of this means while pi may not hold value yet that doesn't mean it won't. These three phases are meant as an up and coming starter project. Through the hard work and dedication of the community pi could one day become as big as Bitcoin. We'll just have to wait and see!