While one set of measurements yielded a value of pi as impressive (to me) as 3.38, overall I observed poor consistency of measurements among adjacent squares near the center of the page, and poor repeatability of measurements for the squares tested. Nevertheless, I hope that you, dear reader, will consider trying this experiment for yourself. I will tell you how I did it, and perhaps you will take more care than I to apply the paint accurately and precisely; otherwise, you will too observe a high variance of resistance among your resistors. Note also that the resistance of the Bare Paint decreases as it dries, so be sure to allow ample time for drying (tens of minutes) before measurements.
Submitted by Ace Monster Toys Hackerspace in Oakland, CA for the Instructables Sponsorship Program