Why is no one talking about #pi Network's supply and "mining"? 🤔
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Pi Network has captured the attention of millions with its innovative approach to mobile mining. However, two critical aspects deserve attention:
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💰 1. Total supply of 100 billion tokens:
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Although Pi Network's maximum supply is 100 billion, not all of it will be distributed to the public. A significant portion will be reserved for the development team, operations, and other internal uses, potentially limiting the actual amount available to regular users.
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Value or trap? Such a high supply, combined with limited public distribution, could create an inflationary supply and potentially devalue the token in the long term.
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⛏️ 2. Is Pi's "mining" really mining?
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Unlike traditional cryptocurrencies like Bitcoin, where mining involves solving complex mathematical problems through computational power, Pi Network’s "mining" is based on simply pressing a button daily on the mobile app.
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Is this mining or just an engagement system? Some critics argue that without a true consensus process or computational work, calling this activity "mining" could be misleading.
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What do you think?
