I, like many, was skeptical when first hearing about the Pi Network, but like many, I was also one to have been skeptical back in the early days of Bitcoin and I sold off and pulled out because reviewers, analysts and finance experts all said it was a scam and a waste of time.That is a mistake I won’t make again! My £100 worth of bit coin when it was less that 0.10 per coin would have made me a different man today! But there’s a reason for everything, isn’t there!
I’ve been using the Pi Network App for a good while now and as much as I try to dig for the flaws so far, I have come up empty handed.I have researched each founder, as well as others that have been involved.I have read the reviews, which many are speculative in both directions of acceptance.
ultimately, we have an App that does not ask for any personal information, no crazy permissions, does not burn battery, and is easy as Pi (pun intended) to use and build up a decent stock pile of rewarded Pi Coins.The company is very transparent in the fact that this is still in Phase 1, it’s a beta program, and that they Pi Coin currently has absolutely no value, cannot be traded or used in transactions, but that it will ultimately be up to us users and our involvement and interest that will drive it’s growth as a “Social Currency”.This shouldn’t be mistaken with a previously released Pi Coin that has failed miserably before and there is not affiliation between the two.
Ultimately, someone would have absolutely nothing to lose at this time.
Even if it doesn’t take off, then so be it, it was fun to race for coins.
But if it does take off as it seems to be expected to and hoped to, then this could change many aspects of how cryptocurrency is utilised in this world and provide a more fairly distributed wealth system with greater accessibility and a more broad e-commerce adoption for every day simple transactions.I personally predict that their end game, in order to remain internalised, secure, and to be sure the middle man and governments keep their hands out of this currency, is to ultimately become their own bank.This can be accomplished easily and I can see them issuing personalised debit type cards to existing users to spend their pi in every day stores and even eventually creating a loan and credit system, all of which will convert the values into whichever currency you are needing to spend it in.This will be the key to allowing a broad adoption and high frequency of transactions across the globe.No more limitations for the common user with expensive mining hardware and costs, limited investing knowledge, or fees from third party investment companies and institutions.They can retain all control to keep the people money “for the people”.Think of a Paypal type system meets Square Payments, both bucking the trends of typical banks and making life a little cheaper and easier for people.This is by no means a guarantee and i could go much deeper into details, but that sums up my “idea” and hope for the future of Pi, and it seems like some of their current choices may be leading to this type of end result.
Oh, and if you’re interested in trying it out for yourself, just download the free app and use the invite code: “TheSnari123”
Cheers and happy mining!.
