I decided to write an article that includes questions and answers about the Pi network. The reason for my decision is that I got tired of reading nonsense from uninformed people. Let's take it in order.
1) Is the Pi network annoying?
No
2) Why is it not annoying?
Personally, I have converted over 1000 coins from my Pi wallet to trading platforms; I can sell them anytime and convert them to USDT.
3) Are there people who have been unable to transfer their Pi coins to their wallet?
Yes, soon, and as long as the rules of the white paper are not violated, the transfer process will be completed, and the pioneers will be able to obtain it.
4) Have the coins been locked for 3 years?
Yes, it has been locked, but it was not locked by itself. The users' choice was to ensure a higher mining rate. Many did this without reading what they chose, and now they are coming out and announcing their objections. (By the way, it's a great luck for them to have it locked for three years; they will avoid the temptation to sell it at very low prices.)
5) Is it a meme coin?
No, it is a coin with its own blockchain.
6) How does the blockchain work, and what is a Tapcoin, and is there no processing power to support it?
Wrong, the Pi network is supported by 600,000 computers running the blockchain through a program called Docker. Anyone can do this and support the network and receive daily rewards as contract rewards.
7) Do some believe that its price will reach $314,000?
Yes, but this does not apply to the official network, as the core team has not officially announced anything like this. On the contrary, when asked about its value (before the mainnet was open), the answer was that the coin is currently valueless.
8) Why are there so many haters of the Pi network?
There are several reasons. Some get confused and think the app is similar to other apps (Telegram and others). Another reason is the lack of basic knowledge about how cryptocurrencies work. There are also many who just want to say something; let's not forget that influencers are the ones who stir the fuss. (Part one)