I decided to create an article with questions and answers regarding the Pi Network. The reason I decided to do this is because I got tired of reading nonsense from irrelevant people. Let's take them in order.
1) Is the Pi Network spam?
No
2) Why isn't it spam?
Personally, I have transferred more than 1000 coins from my Pi wallet to exchanges that I can sell at any time and make them USDT.
3) Are there people who haven't managed to transfer their Pi coins to their wallet?
Yes, soon and as long as the whitepaper rules are not violated, the migration will be completed and Pioneers will be able to have them available.
4) Have coins been locked for 3 years?
Yes, they have been locked but they haven't been locked by themselves. It was the users' choice to ensure a higher mining rate. Many did it without reading what they choose and now they come out and shout. (btw They are very lucky those who locked them for three years because in this way they will avoid the temptation to sell them for very low prices)
5) Is it a memecoin?
No it is a currency with its own blockchain.
6) How does the blockchain run since it is a tapcoin and there is no processing power to support it.
Wrong, the Pi network is supported by 600,000 computers that run the blockchain through a program called docker. Anyone can do it and support the network and receive daily rewards as node bonuses.
7) Are there people who believe that its price will reach $ 314,000?
Yes, but this does not concern the official network, the core team has never officially announced anything like this. On the contrary, when asked what its value is (before the open mainnet) the answer is that now the currency has no value.
8) Why does the pi network have so many haters.
There are several reasons. There are people who are confused and think that the app is equivalent to other apps (telegram and not only). Another reason is the lack of basic knowledge of how cryptocurrencies work. There are also many who simply want to say something, let's not forget that the tin-pots are the ones who make the most noise. (Part I)
1) Is the Pi Network spam?
No
2) Why isn't it spam?
Personally, I have transferred more than 1000 coins from my Pi wallet to exchanges that I can sell at any time and make them USDT.
3) Are there people who haven't managed to transfer their Pi coins to their wallet?
Yes, soon and as long as the whitepaper rules are not violated, the migration will be completed and Pioneers will be able to have them available.
4) Have coins been locked for 3 years?
Yes, they have been locked but they haven't been locked by themselves. It was the users' choice to ensure a higher mining rate. Many did it without reading what they choose and now they come out and shout. (btw They are very lucky those who locked them for three years because in this way they will avoid the temptation to sell them for very low prices)
5) Is it a memecoin?
No it is a currency with its own blockchain.
6) How does the blockchain run since it is a tapcoin and there is no processing power to support it.
Wrong, the Pi network is supported by 600,000 computers that run the blockchain through a program called docker. Anyone can do it and support the network and receive daily rewards as node bonuses.
7) Are there people who believe that its price will reach $ 314,000?
Yes, but this does not concern the official network, the core team has never officially announced anything like this. On the contrary, when asked what its value is (before the open mainnet) the answer is that now the currency has no value.
8) Why does the pi network have so many haters.
There are several reasons. There are people who are confused and think that the app is equivalent to other apps (telegram and not only). Another reason is the lack of basic knowledge of how cryptocurrencies work. There are also many who simply want to say something, let's not forget that the tin-pots are the ones who make the most noise. (Part I)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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