Will Uyghur currency skyrocket like Bitcoin?

Although I hate to answer this meaningless question, there are many people playing PI coins in China.

So objectively analyze the situation of pi for everyone!

Last year, the whole country was completely retired. Anyway, pi coins are boasted. After all, more than 90% of them are domestic members, and their audience is extremely limited.

The emergence of BTC is due to economic crisis, inflation and currency devaluation, and most Americans no longer trust its legal tender. Satoshi Nakamoto introduced deflation and Bitcoin in time, so it gained a lot of recognition in a short time.

The same is true of Ethereum. After the 2065 438+03 BTC skyrocketed and plummeted, more and more people learned about Bitcoin and learned about the prototype of blockchain through it. More and more computer geeks are beginning to study whether it is possible to develop a contract platform based on Bitcoin, which can provide applications for ordinary people. At this time, the Ethereum also rose.

It can be said that the birth and development of Bitcoin and Ethereum are phenomenal products. Later, there were many projects against it, most of which ended in failure, and more of them were zero CX coins.

However, some innovative projects still have a certain chance of success, such as public chain, DEFI, NFT, Metauniverse, chain tour, and leading companies in various sectors, all of which have developed well.

To sum up, the success of any token needs to be in line with the weather, location and people, and it needs to solve certain problems and a certain cost price, otherwise it is meaningless.

So what are the advantages of pi currency?

How much does it cost?

What did it create? What does its concept aim to solve?

Is it in line with the current climate, location and crowd?

Let's talk about the cost first.

PI's friends have been ignoring an important factor. Pie is successful because its underlying logic support is very strict. Regardless of the cost of electricity, deflation mechanism and audience, the pie is valuable because it was born with the price from the moment it was born.

Many people are willing to buy and sell BTC in the secondary market mainly because of the completely transparent output mechanism. The only output mode is WK, and WK needs to consume costs. This is also the reason why halving the output every four years will greatly increase.

Where is the cost of pi coins?

In some ways, pi coins have no cost at all.

Time cost? Labor costs? None of them constitute the driving force for retail investors to buy.

"If you use the mobile phone' WK', it means that the underlying algorithm of this project is relatively simple, and it is definitely not as well designed as BTC and ETH." The latter usually exceeds 1 million rows and relies on super hash mining machines to maintain the output. "

Digging a BTC consumes a lot of electricity, and the cost is at least the value point. Pi can also use mobile phones to save money for free, indicating that the cost is very low and the marginal cost can be ignored, which doomed the market value to be very low. "

In addition, the success of pie and ether is also inseparable from the open source attribute and scarcity.

It is understood that Picoin official website has not been filed, and even listed as fraudulent software by banking institutions, official media and download shops. There is no open source code on GitHub, which does not meet the blockchain attribute and decentralization function.

In the early days of the development of pi, high rewards were set, and a few people hoarded a lot of pi (many people know). In the later period, the number of tokens quickly halved, which greatly increased the difficulty. When coins can be traded, early players who hoard a large number of coins may cause cash-out risk. This model is very similar to "air coin".

As many people know, pi coins are issued indefinitely, but the mechanism of halving them will be triggered at different stages.

According to netizens, in fact, pi friends have been calculating that the total supply of pi coins will exceed 60 billion pieces on the main line. Students who are good at math can figure out that the total number of wave fields is 1000 billion, and the current price is about a few cents. How much do you think the 60 billion PI coins that have been issued are worth? In addition, the developer reward has not been counted!

No one knows how many people have how many pi coins, and no one knows how much it is worth.

So who will pay for such opaque things?

In other words, if Pai and Ether were such an opaque and unfair mechanism, there would not be so much knowledge, and even they would have been eliminated by history long ago.

Therefore, in terms of cost, PI currency has no value, deflation mechanism and transparency.

Tell me more about what Pi created. What does its concept aim to solve?

The pie solves the problems of cross-border transfer and anti-deflation.

Ethernet promotes intelligent contract development, chain development and other functions.

And I looked up a lot of information about pi, and I still don't know what pi is for.

In addition to the so-called propaganda benchmark "Pai" and the so-called "buying a house and a car with pi", I also found an extremely simple white paper. There are only two short sentences in the most important application link of PI currency in the white paper:

Our mission: to build a cryptocurrency intelligent contract platform that ordinary people can use, which is safe and easy to operate.

Our vision: to build the most inclusive p2p market in the world under the impetus of Pi (the most widely used cryptocurrency in the world).

So, what exactly does PI currency do? You don't understand, and neither do I.

Does Pi conform to the current climate, place and people?

Since 2020, P2P platforms have been closed in China. By 202 1, the last batch of P2P platforms were closed.

2065438+On September 4th, 2007, the rectification document on virtual currency explicitly mentioned that private placement of ICO was prohibited, and there was no ICO in China since then.

On May 19 and September 24, 20021year, the supervision of virtual currency was overweight, prohibiting any form of virtual currency exchange operation and WK, and explicitly requiring all exchanges to clear domestic users.

202165438+February 3 1, and the fire coins will be cleared soon.

202 1, 12, 1 1, the well-known exchange A network runs away.

202 1, PI coin APP is classified as fraudulent software, stealing user information.

Xinhua News Agency and China Securities Network have published online comments: Pi Coin is a scam supported by dreams, and the dreams of a group of wishful thinkers are doomed to be shattered.

Mr. Bao once broke the news: PI coin is a fund-raising project initiated by Shenzhen.

Li Xiaolai affectionately called "Pi coins a fart".

Having said that, I just want to say that a project that relies on APP and needs real-name authentication and registration information to participate in WK is essentially out of the meaning of blockchain. This is not only unrealistic, but also may lead to network streaking, data information exposure and property safety.

Finally, it is against this background that the currency circle has plummeted and the country is about to retire completely. PI coin said to go online to the main network.

So who will buy it when it goes online? Who will sell it? How many people buy and how many people sell? If you can figure this out, you will know what the future of pi currency will be.

This is a simple math problem, the relationship between supply and demand.

I don't comment much on ordinary zero players, because this may be a hope for the bottom players.

But for those bragging media, those "elites" who debate everywhere, and those "non-me" dreamers, I really sympathize with them, because they put the probability of falling pie in the sky too high.

Although not optimistic, I hope everyone's wishes will come true.

Published on February 25, 2022. Reprinting is prohibited.

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