The founder of Pi Network is a philanthropist who wants to help humanity.
He saw that bitcoin, ethereum and others had passed our reach. He knew the aim of cryptocurrency is to give the power of money back to the people not by leaving them behind but by carrying everyone along including the rich and poor, black and white, Young and old.
He thought that if cryptocurrency is the revolution of money, why are the poor or everyday people left out of it?
The aim of cryptocurrency is to replace the current hard currency we're using today but why is it that some people and model have turned it into stacking their money?
He said just exactly what the fourth richest man in the world said last year.. If cryptocurrency is money, why are dey storing it as gold instead of using it as daily activities? You go to the shop nearest to you, you pay in crypto. You give the bus conductor his crypto.
His name is no other person but Dr Nicolas Kokkalis.Dr. Nicolas Kokkalis is a PhD holder of Standford University which is one of the best university in the world.
He has been a computer scientist all his life.
He has built a motherboard from beginning to the end before.
He is the founding CTO of StartX where Jeff Bezoz ( the richest man in the world and founder of amazon), Elon Musk (The second richest man in the world and founder of PayPal and Tesla) are members. Even stellar lumen which is one of the best 20 cryptocurrency in the world is a product of StartX where our Dr. Nicolas Kokkalis is the founding CTO. You can imagine how the founding CTO's own project which is Pi network will be like. I forgot to add.. He has taught Vitalis Brutin the founder of Ethereum the second best cryptocurrency in the world twice or more.. Meaning that a part of ethereum success came from our own Dr. Nicolas Kokkalis.The first time Google play store reviewed the app, they brought it down. They said it is not possible to mine cryptocurrency on phones thT the application will burn people's phones. I didn't blame them. Mining bitcoin burnt people's computer then.
How much more phones? They didn't know they were talking to computer himself. Lol. Pi network is the first mobile mining app. Other cryptocurrencies were mined for free but with a lot of sacrifices likeYou need a computer (how many people can afford computers)?
You need to be always online to mine (how many can afford generator and be constantly fueling it just to get what you are not even sure about would work?
It consumes data. Imagine the cost of data back then.
It is just like government promising you free education but you have to pay transportation to school, buy your books and pen.
But here everything is given for almost free.. Your duty here is only to go to school and learn (your duty is to open your phone once a day and tap a button and come out).After much testing of its safety, Google and appstore hosted the app and today, over 17Million active pioneers are tapping from this. Pi network is still in phase 2. It is not like other cryptocurrencies that got launched then invited people to harness it. While they are building it, they invited us to build with them.Pi value won't be lesser than $1 from my instinct.
Imagine if you mined 1000 and 1 is 1 dollar? You will be getting $1000. I have mined 18,000.. I will be getting $18,000 = 7.2 million naira.By December as promised by the founder and Core Team, pi will move to phase 3 which is the mainnet. At this point, you can start using your Pi to buy goods and services, exchange to hard currency or convert to other cryptocurrencies. What if it is 2 dollars? What if $10?What if after 5 years 1 pi is $100?
That would be 722Million naira.
If other cryptocurrencies can, pi can.Pi wants to be a universal money. Reason it derived its name from a universal constant. Imagine if successfully, it becomes a universal money.. You will be a billionaire in 5 - 10 years time.Advantages I forgot to add about cryptocurrency is that..
It has the same value all over the world. Not like fiat currency with different values. 1 bitcoin is 1 bitcoin from Nigeria to London.
- It is accepted all over the world. Not like naira you can only use in Nigeria.
One disadvantage I forgot to add is that crypto currency is highly volatile.. Meaning.. 1$ can turn to 1000$ in just 1 day and $1000 can turn to 900 dollars in one day. Although no matter how long it dips it always would rise again. This is where patience is a virtue.
