Quote Originally Posted by minepi.com/faq, When can I withdraw my Pi...
For example, a bad actor could mine from fake accounts, transfer the Pi to a legitimate account, and then pass through Pi?s account verification process despite their illicit gains. We are still refining the exact development timeline for the project.
This bugs me. I'll have to dig into this more to actually figure out why this smacks of a scam so badly, but this quote itself really doesn't sit right. If you want more people to mine, then why do you GAFF how many accounts someone maintains?

The most basic description that I can come up with is that this is just a pyramid scheme. The "early adopters" earn faster/more/etc, specifically as they get more people involved.

Stanford frat boy's wanna get rich as the 3 people that "earn the biggest" at the top???

Hopefully it works out better than I am expecting.