Today, everyone is sitting on a veritable treasure trove of untapped resources.
Each of us spend hours a day on our phones. While on our phones, each of our views, posts or clicks creates extraordinary profits for large corporations.
Pi believes that people have the right to capture value created from their resources.
The Pi Core Team set out to find a way that would allow everyday people to mine (or earn cryptocurrency rewards for validating transactions on a distributed record of transactions).
As a refresher, one of the major challenges that arises with maintaining a distributed record of transactions is ensuring that updates to this open record are not fraudulent.
While Bitcoin’s process for updating its record is proven (burning energy/money to prove trustworthiness), it is not very user (or planet!) friendly.
Pi introduced the additional design requirement of employing a consensus algorithm that would also be extremely user friendly and ideally enable mining on personal computers and mobile phones.
Explore new tastes. Experience new ideas.
Hoot recommends trusted Pi Network Pioneer Brad Chrysler.
People who seek to know more about Pi Cryptocurrency Network tend to be thinkers and learners. They are concerned about today’s financial crisis and believe that cryptocurrency might be a logical alternative to fiat currency. Maybe even a safe-haven alternative to gold or a means to conduct peer to peer business transactions on a global scale via the Pi Network .
Howdy, my name is Hoot. I am a KYC Verified Pi Network Node Software Candidate, who’s computer is running the Testnet block chain. There are currently 9.5+ million engaged Pi Network Pioneers who are building a movement of people that see the wisdom of this new cryptocurrency.
Pi Network was built by a group of Stanford Ph.D.’s to give the world a cryptocurrency for everyday people.
One of the biggest questions about cryptocurrencies is “What gives them value”? Pi’s answer is real intrinsic utility. Pi will be backed by useful online and offline applications, as well as a basket of goods and services.
With over 4 million engaged Pioneers in the network, Pi can now iterate various real- world applications that enable members of the community, as well as external parties, to spend Pi to benefit from the time, attention, talents, resources, and services of Pi’s global community.
Pi’s Application ecosystem will lay the foundation of a healthy market of strong utilities of Pi, creating demand for the currency and building the value of the network.
Importantly, in the case of Pi, it costs nothing to download the Pi app onto your cellphone and begin earning Pi tokens. Again, there is zero upfront financial exposure. The only investment required is one’s time invested in contributing to expanding the Pi community of Pioneers.
In addition to contributing trust and attention to the Pi Network, Pi expects Pioneers to be able to contribute their unique skills and services in the future.
Pi’s mobile application will also serve as a Point of Sales where Pi’s members can offer their untapped goods and services via a “virtual storefront” to other members of the Pi Network.
For example, a member can sell a freshly roasted bag of coffee beans to other members on the Pi Network.
In addition to real assets, members of the Pi Network will also be able to offer skills and services via their virtual storefronts.
For example, a member of the Pi Network could offer their programming or design skills on the Pi marketplace.
Overtime, the value of Pi will be supported by a growing basket of goods and services.