Can Pi Coin Realize Bitcoin's Original Vision? — From Jack Dorsey's Perspective to China's Legal Reality
During a recent guest appearance on the 'Presidio Bitcoin' podcast, Twitter co-founder and current Block CEO Jack Dorsey made a thought-provoking point: **If Bitcoin ultimately becomes merely a value storage tool, rather than being used for payments and circulation, it will deviate from its initial vision and ultimately fail.** This statement directly points to the biggest paradox currently facing the Bitcoin ecosystem: its scarcity and continuously rising price make people more willing to 'hold and wait for appreciation' rather than use it in daily life.
Unlike Bitcoin, Pi Network is trying to practice the vision of a 'peer-to-peer electronic cash system' proposed in the Bitcoin white paper. In recent years, the Pi project has vigorously promoted 'PiFest' offline events, encouraging merchants to accept Pi payments, attempting to bring this cryptocurrency into real consumption scenarios. Directionally, Pi seems to be moving towards the 'payment route' recognized by Jack Dorsey.
#alpha What do the people who received the first airdrop think about your actions? Is it really high scores but low abilities?
In fact, the first coin already had a market price, we estimated it to be around 30U at that time. Why did you go to claim it? Generally speaking, public offerings tend to be quite trash, just prepared to cash out and run. As an old hand who has participated in IDOs multiple times, I am already used to such tricks. Everyone should remember this a bit more.
Case solved! ZKJ worth 1077U only exchanged for 455U? Those brushing Alpha come take a look.
I saw some brothers in the square talking about this matter, so I checked it out. This is indeed a sandwich attack, which is what we refer to as a trap. Those who usually complain about losing a few U, please don’t tell me this is a trap. Let’s put it another way, could it be price fluctuations? The trap is meticulously planned and executed just to take this little bit of your money?
Those saying that the ZKJ token icon is different, this is a coin on Ethereum or something, can’t you see the gas fee is BNB? As for the different icons, that’s because I used different tools to check, no further explanation. Let me explain in detail below why it is determined to be a sandwich.
The previous article about canceling authorization has been viewed by many people. Many have commented that my article was written by AI, but it wasn't; it is a translation of Binance's own article. Since it is machine translation, it may appear to be AI. Interested classmates can check it out themselves at $BTC .
Those who often chase alpha undoubtedly have such false authorizations in their wallets; just ignore them. #中心化与去中心化交易所
Binance Alpha stole the assets! Lost three BNB! Let's talk about the pitfalls of authorization.
As you probably know, the RDNT multi-chain lending project was hacked last year, and Binance Wallet reminded us for a month to revoke the approvals for this RDNT project and Binance Wallet. This user may not have taken it seriously, which is why they are facing this situation today. So should all approvals be revoked? Definitely not! Revoking approvals could also result in asset loss! Here’s an example. How fake authorization scams exploit the revocation feature: Fake approval revocation scams deceive Web3 users into believing that revoking transaction approvals can protect their wallets—but in reality, victims pay exorbitant 'gas fees' that go directly into the scammers' pockets.
#port3 #Trading $PORT3 on Alpha to earn points Earn points through trading! Win more opportunities. - Insight or introduction on Port3 Application of artificial intelligence. - Analysis of $PORT3 price Current trend in artificial intelligence, bullish. Add hashtags $PORT3 #Port3 #BinanceAlphaAlert#port3
The volatility of LUNA stems from the systemic failure of the algorithmic stablecoin model, involving design flaws, excessive inflation, and market runs, with far-reaching effects and almost no possibility of recovery; the fluctuations of OM resemble typical speculative behavior in the crypto market, with risk points in the early uncertainty of the project and external emotional fluctuations, rather than the collapse of core mechanisms. The LUNA incident is a structural disaster, while OM is more like growing pains, with severity and long-term impact far lower than that of LUNA.
#交易心理学 Don't envy others' profits, the coins you see in the market may be fake!
In the bull market of 2021, this 'Master Bao' called trades on the bitcoke exchange for the coins, with capital often exceeding hundreds of millions of dollars, far surpassing Binance and other exchanges. Shortly after issuing coins in 2022, they ran away! The coin also removed the API for that exchange. Those who followed the bitcoke trades also started hiding their real transactions. That's when retail investors realized that it was all fake data!
Retail investors love to see these myths, thinking they can do it too! In the end, they just get harvested by others. $BTC
Vaulta is a Web3 banking network that provides a new generation of financial products and services for individuals and institutions worldwide. Vaulta offers security comparable to a vault, allows for instant transactions, and integrates with the real world, marking a significant turning point in the development of digital banking. Whether you are transferring assets globally, earning returns, or building cutting-edge financial solutions, Vaulta provides secure, fast, and easily accessible financial ecosystem tools. #vaulta
If it weren't for this event, I wouldn't even know this coin might be renamed.
#币安理财收益竞技场 Binance wallet Babylon event rewards have been credited! This event can be considered a counter-attack! Now, there are basically no benefits for grabbing rewards. Unstaking costs 35 U! Baby token rewards will be distributed around the 10th, with a minimum guarantee of 100 tokens, pre-market at 0.06, just sent into the void! This price is truly funny. It may be affected by the current bear market, accept the gamble and take the loss!
#分散资产 believes that many friends woke up to a disaster! #ETH actually collapsed, and #btc was not spared either. It was said that the US stock market would collapse while Bitcoin would remain strong, and indeed it was just to trap more people. Bitcoin has always been a risky asset, not a safe-haven asset, and its consensus is not that solid. The day before yesterday, I used AI to check ETH and always felt it was on the verge of collapse. So I decided to stay out of the market, and now it seems that AI's prediction was indeed quite accurate.
$BTC You have messed up this vote, and now it seems to be manipulated by others. You want to promote democracy, but now there are people trying to undermine it. I ask you, what will you do about it? @Yi He @CZ
#止损策略 **Fun Coin Arbitrage Pitfall: A Failed Funding Rate Trap**
I cut my losses in time; the volatility was too high!
I had just purchased a lesser-known coin, Fun, worth 1300U, planning to extract funding rate profits from the market, but encountered restrictions: **Fun coin cannot be transferred to the margin account, and the borrowing pool depth is insufficient**, leading to the failure of my strategy.
I originally planned to hedge the price difference by "shorting spot + longing contracts" and earn negative funding rate profits. However, lesser-known coins often face **liquidity traps**—the lack of leverage features on exchanges, high borrowing costs, and even the inability to open positions. If contracts are forcibly operated, the lack of liquidity may lead to an inability to close positions, ultimately resulting in liquidation.
This incident serves as a warning: **Arbitrage requires pre-validation of feasibility**. Before operating, be sure to confirm whether the exchange supports coin leverage/contracts, the depth of the borrowing pool, and the fee rules to avoid losses due to infrastructure limitations. The risks of lesser-known coins are significantly higher than mainstream coins, and high returns often come with fatal hazards that prevent exit.
Let me share one of the most old tricks on X, but it is easy for novices to neglect it, especially those who are not good at English.
Recently, after Binance wallet #pumpbtc was launched, #Babylon is about to receive an airdrop. Every time this happens, it is time for scammers to revel.
The following examples are given.
1. Pumpbtc posted that it would airdrop on PumpOS.
2. End Of Tweet (the last tweet), which means that the subsequent tweets are all scammers.
3. Scammers heard the news and came.
4. It seems that there is no problem when opening the website.
5. The routine is here, BTC becomes BFC.
Then you are asked to connect to the wallet to "view wallet balance and activity" and "apply for authorized transactions":
• The former is read-only permission, which is relatively safe;
• The latter is potentially dangerous. Once you authorize the "unlimited amount" of tokens in subsequent operations (approve unlimited spending), the attacker can steal your tokens.
3. Did you click "Sign" or "Confirm Transaction"?
• Connecting to a wallet will not transfer money directly, but if you are subsequently prompted to sign or confirm a transaction, be very careful.
• Some phishing websites obtain authorization through "signatures" and then use vulnerability scripts to steal coins.
Upbit will launch the Filecoin (FIL) KRW trading pair. #FIL/USDT $FIL Are the Koreans the ones driving the market now? A single piece of news raised the price by 26% in 7 seconds! What technical analysis group is worth anything in front of news.
#加密市场回调 Monad Testnet total address count has reached 109,868,108, with 7,445,010 new addresses added in the past 24 hours. $BTC Since I started mining over the years, I've never seen such a massive amount of data. What’s the point of playing this?
With so many addresses, distributing rewards based on the differences in on-chain interactions is simply impossible.
The only way would be to combine KYC data to distribute tokens! Or the testnet might not distribute at all, and then the mainnet continues to PUA for a few more years, which is also possible. After all, it’s a bear market now; waiting until the bull market to distribute is more in line with everyone's interests.
I have not participated in this project because I do not know in which aspects I can stand out.
People used to say cryptocurrency was a blue ocean market; look how long it has been, and it has already turned into a red ocean market.
People used to say contract interactions were very difficult; now it seems like anyone can do it.
When most people go to pan for gold, should we change our approach and sell shovels instead?
#币安钱包空投 has staked 100 low-income coins, it took just over 30 U to unstake, based on the current pre-market price of 0.06, airdrop 6 U! Completely reverse the pull! What do you brothers think? $BTC