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wouldn't call it bad, its just not for me.
the info how the system is set up to be the opposite of bitcoin, where bitcoin had a set amount and the early adopters were rewarded the most. where as this one only gives a 'sense' of scarcity, because for each person who signs up they are assigned a limited amount that they can mine (it doesn't say how much) also theres the 3 phase info... i dont know which phase its on now, but phase 1 is a emulation of the system phase 2 is a test net with a test version of the coin and phase 3 says people will get their emulated and test coins converted over but only for people that validate their real identity (thats a no from me dawg) people who don't verify/dupe accounts get their coins discarded. M - Mining Supply (Based on fixed mining supply minted per person) In contrast to Bitcoin which created a fixed supply of coins for the entire global population, Pi creates a fixed supply of Pi for each person that joins the network up to the first 100 Million participants. In other words, for each person that joins the Pi Network, a fixed amount of Pi is pre-minted. This supply is then released over the lifetime of that member based on their level of engagement and contribution to network security. The supply is released using an exponentially decreasing function similar to Bitcoin's over the member's lifetime. Phase 3 - Mainnet When the community feels the software is ready for production, and it has been thoroughly tested on the testnet, the official mainnet of the Pi network will be launched. An important detail is that, in the transition into the mainnet, only accounts validated to belong to distinct real individuals will be honored. After this point, the faucet and Pi network emulator of Phase 1 will be shut down and the system will continue on its own forever. Future updates to the protocol will be contributed by the Pi developer community and Pi's core team, and will be proposed by the committee. Their implementation and deployment will depend on nodes updating the mining software just like any other blockchains. No central authority will be controlling the currency and it will be fully decentralized. Balances of fake users or duplicate users will be discarded. This is the phase when Pi can be connected to exchanges and be exchanged for other currencies. Pi, on the other hand, seeks to strike a balance between creating a sense of scarcity for Pi, while still ensuring that a large amount does not accumulate into a very small number of hands. |
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Quoted: wouldn't call it bad, its just not for me. the info how the system is set up to be the opposite of bitcoin, where bitcoin had a set amount and the early adopters were rewarded the most. where as this one only gives a 'sense' of scarcity, because for each person who signs up they are assigned a limited amount that they can mine (it doesn't say how much) also theres the 3 phase info... i dont know which phase its on now, but phase 1 is a emulation of the system phase 2 is a test net with a test version of the coin and phase 3 says people will get their emulated and test coins converted over but only for people that validate their real identity (thats a no from me dawg) people who don't verify/dupe accounts get their coins discarded. View Quote Yea no, now it sounds like a honey pot to get peoples real information. |
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Quoted: Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/BLKVooDoo and use my username (BLKVooDoo) as your invitation code. View Quote I signed up under you. I used my gamer tag tho lol. KC Weapon. |
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I would love an invite as well if anyone has a spare, thank you.
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Quoted: I signed up under you. I used my gamer tag tho lol. KC Weapon. View Quote View All Quotes View All Quotes Quoted: Quoted: Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/BLKVooDoo and use my username (BLKVooDoo) as your invitation code. I signed up under you. I used my gamer tag tho lol. KC Weapon. For those who don't know, you have to use your real name in the first or last name fields. If not you will not be able to cash out in Phase 2 when it gets there. Under the settings you can hide all of your personal information if you like. |
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It appears to be a legitimate enterprise from everything I could read online that wasn't simply promotion crap from users. Whether it works out or not will remain to be seen for quite a while. I figure its worth a shot. Could be the next Bitcoin, or could be a bust but it seems easy and doesn't cost anything to try (at least at this point).
https://minepi.com Invitation code: westonoto99 No need to wait for an invite PM |
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I read where some folks were frustrated that it hasn't "done much" in 6 months. I didn't think bitcoin would be anything either.. so there's that
invite referral code - nateofthenorth |
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I guess the real money is all of the tracking that they can sell to the data brokers. Funny, that it has to be an app on a device. How much can a battery operated phone mine. Sounds like BS to me.
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My invite code is TomMac2021.
I suppose the next step would be for a bunch of us to set up a security circle and start earning at the contributor level in addition to the pioneer level. |
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Oh hell, why not. Invite please. Maybe in ten years I can use this crypto to buy a membership.
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Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/BLKVooDoo and use my username (BLKVooDoo) as your invitation code.
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Back in the day I used to think antivirus software would be an excellent means to provide command and control of a highly distributed computing base, or simply privileged access to systems/data... /wave Kaspersky.
Then Google cames along, gmail and such... I thought, "What if it was a front for a state actor? Vetting your searches, scanning your email and documents?" Mobile phones provide convenient services for users and those who would track them. I've seen them coined "mobile monitoring stations" and such. We've seen this exploited for exactly this many times over the last several years. Anyway, I'm highly reluctant to install apps on my phone. Anyone run this in an emulator, vetted the software, reversed the APK, reviewed telemetry? Source available? ETA: Yeah, my tin-foil is on pretty tight, and the timing is interesting, or maybe I'm just behind the times... |
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Quoted: I guess the real money is all of the tracking that they can sell to the data brokers. Funny, that it has to be an app on a device. How much can a battery operated phone mine. Sounds like BS to me. View Quote yah it says it doesn't drain any battery and you never have to open it, it just runs in the background. the stuff about it pre-minting a fixed amount of pi when a user account is created made me think it prolly just gives you coins on a time base scale. theres also some fun stuff in there about how there's going to be an opt-in advertising watching thing in the app, so people can get paid in pi to watch ads. while the people running the app rake in ad sense money. |
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Trying to learn more about the company behind it.
One of the key people (Community manager) is not a fan of Trump (cold link) https://twitter.com/vincemcp May be this good sign for some members here.. and not good for the others. |
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Quoted: Yea no, now it sounds like a honey pot to get peoples real information. View Quote View All Quotes View All Quotes Quoted: Quoted: wouldn't call it bad, its just not for me. the info how the system is set up to be the opposite of bitcoin, where bitcoin had a set amount and the early adopters were rewarded the most. where as this one only gives a 'sense' of scarcity, because for each person who signs up they are assigned a limited amount that they can mine (it doesn't say how much) also theres the 3 phase info... i dont know which phase its on now, but phase 1 is a emulation of the system phase 2 is a test net with a test version of the coin and phase 3 says people will get their emulated and test coins converted over but only for people that validate their real identity (thats a no from me dawg) people who don't verify/dupe accounts get their coins discarded. Yea no, now it sounds like a honey pot to get peoples real information. Exactly. I'll stay with BTC, ETH, 0x. |
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Gold is a store of value.
Country currency is backed by the taxpayers full faith in the government, and the central bank gives you an IOU for having the country currency. How do these digitally created (mined) cryptocurrencies' engender value for store of wealth that you can trade for goods and services, or pay taxes? Any tip to a website explaining the value store of crypto is appreciated. |
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