Good Day everyone,
Have you heard or had a coin that will solve the problem, that bitcoin was previously and still, currently facing?
Bitcoin and other crypto as it is supposed to be.
One of the primary purposes of bitcoin and other digital currency is for them to be used for payment. Instead of being used for payment, in the case of bitcoin, it slowly became something people needed for store of value. It becomes a certain type of investment.
If you look at the percentage of crypto transactions, bitcoin was not even able to rise at the top. Ethereum rose to top, pushing bitcoin in top 2 position. What's more disappointing is that, according to statista, the major contributors of this transaction were from exchanges like binance. It means the transaction was more on digital currency conversion to fiat and was not because of payment transaction in exchange for goods.
For me, One of the failures of bitcoin, for it to be adopted as a means of payment, roots from the beginning. It failed to become accessible to the general public. For a person to be able to engage in mining, he/she has to buy a mining ring, have the technical knowledge on it and be capable of competing with other pool of miners. Its also not possible to spend bitcoin for payment because there were little to no stores that accept it.
Pi, as the digital currency of everyday people.
Pi Network is in beta version yet it is able to reach the general public by allowing a person to earn Pi in mining, through its phone. Unlike bitcoin, the mining process doesn't cost so much money and energy. As written in my previous post, Pi uses SCP or the stellar consensus protocol.
It is also important to mention that, there are several community driven economies that use and accept Pi as a means of payment . This is a very healthy environment for a cryptocurrency that aims to be used for payment. As a person earns crypto, there are stores that will be accepting it, which means the currency will circulate. If you dive deeper on its white paper, pi network's core team were also creating an economy conducive to a user so that they can benefit in holding pi.
Through the app, a user can create its own store, for selling their own product and services, which will prevent the dumping of pi.
This is just my theory, since they also plan on putting ads in the app. What if they allow every user to put their own ad in the store and the store owner, let's say, would get 50% cut for the ad revenue and the other 50% is what will be shared to the whole pi holder?
If every user all over the world can put specific advertisements, depending on their country, business type and purpose. It will create an intrinsic value that will surely help shoot up its price on exchanges! What if aside from normal people, E-commerce businesses will be allowed to have their own store in the app, but first need to buy a "store place" in the platform by having a Pi coin for rental payment, just like store's rent in the mall? This would create a healthy pi demand and later on would help increase its value making it unstoppable!
Nevertheless, Pi network's current environment is very conducive for it to be used as a currency for payment. The developer is also creating a conducive platform for the circulation of its crypto not to mention the other possible app and plans that would create demand and intrinsic value in the future.
Whatever happens, If the time comes that pi gets lunch to mainnet, the early user (pioneer) of the app will surely benefit because they are already getting free Pi and as the lunching begins the free pi will end.
On the side of the developer, unlike other start up crypto, they didn't proceed to ICO before launching its project to mainnet, which reflects their dedication and seriousness on accomplishing the project by providing value first to its user.
The Pi Network is in the last stage of phase 2 in its 3 phase, deployment plan. The interested new user can still mine free pi by simply downloading the Pi network in google store, log in thru facebook and write danoa in the invitation section, because a new user will need an invitation code to get access.
Conclusion: The pi network was able to reach the general public and it has a community driven economy which creates a conducive environment for pi circulation. The developer is also serious in accomplishing the project, they have a plan that would create demand and intrinsic value for Pi and every early user of pi network (pioneer) will surely benefit from using the app and for mining pi today.
In your opinion, given the current structure and future plans, Do you think Pi will succeed on becoming the digital currency for payment? will it surpass bitcoin in the future in terms of transactions or price?
More Information? Please visit us at
https://www.pinetworkapp.org
or
https://minepi.com/cakzxd
Bitcoin just boomed over $18K last week.
Some people achieved the crypto dream while others realized how ignoring the trend was a terrible mistake.
PI could be the next opportunity, It is a new digital currency developed by Stanford PhDs in 2019, with over 9million members worldwide today. It seems to follow the same pattern as Bitcoin in 2009.
At this stage, the PI network plan seems to just be "grow the numbers, test the system, and we will take it from there."
You just need to take one minute a day, give yourself a chance to get rich. PI is Zero risk, no investment, no credit card required
If you miss the bitcoin at an early stage, don't let this opportunity pass by again.
There's no reason not to join the PI network and earn some tokens. Join now, or regret it later.
PI is a long term project, If you want to make money fast and take some risks, please visit the below subsite， This subsite will be updated weekly. It is going to provide you some idea on how to earn with ZERO or little investment to make money, Please visit us frequently.
https://www.pinetworkapp.org/free
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