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 tokens KOGE and ZKJ both plummet, the dividends are completely over!
The day before yesterday, I posted that the retail investors' dividends were over, and I personally stopped grinding scores as well. I didn't expect the harvesting to come so quickly! If you avoided grinding scores during this time period, then you believed the financial promotions and added to the pool, now you can only say that you are at a loss for words.
I have indeed stopped! As shown in the picture below. Although there is still a profit after calculation, the risk and profit are completely disproportionate. For example, the sharp decline today and yesterday. So the question is, are you still grinding?
I heard you want to rejoin Alpha, have you done the math?
Everyone has participated more than once or twice. Basically, after the Alpha token was launched, it could plummet 20-30% within minutes. Not to mention that the first batch of people who received it didn't claim their profits in time, leading to significant shrinkage. By the time you claim your lower score, it would be lucky if your earnings are half of what the first batch got! <t-3/><t-4/>#币安Alpha上新 Covering wear and tear is almost impossible. Based on the current earnings, you might receive about 25U. What, you say shorting to preserve profits? Have you forgotten about the La contract blowing up? That's really gaining a sesame seed and losing a watermelon! When you think you can do something, the market often goes the other way, and that's why we retail investors lose money.
The Alpha journey for retail investors has really ended!
Today, I claimed the highest 247 points airdrop, worth 60U. I know this activity has already reached its end for retail investors. Every day, I'm nervously boosting my score, enduring the dual risks of traps and price fluctuations. Yet the returns are far from what I expected.
Why is the score so high? I summarize the reasons as two. First, no one is claiming it, thinking the returns are low, always wanting more. However, the reality is that 60U per period has become the norm! The era of 100U is over. Second, the cost of boosting scores is now too low; it used to be a daily wear of 10U, now it's only 5U. This has led to the creation of tokens specifically for boosting scores, like ZKJ and KOGE. Even #BTC is not following the trend; the price is as stable as a stablecoin! This greatly reduces the cost and risk of boosting scores, especially suitable for batch work by studios, leaving retail investors with nothing.
Israeli Defense Minister Katz: Following Israel's attack on Iran, missile and drone strikes against Israel and its civilians are expected in the near future.$BTC
Alby Wallet, because if you don't use the wallet for a year, your money belongs to me!
Such unbelievable things have really happened, as shown in the image below:
So what reason gives them the confidence to do such things? I checked, and it was a piece of information that appeared in their terms of service. As shown in the image below. Normally, everyone thinks wallets are decentralized, but these events keep telling people otherwise. Even blockchain is not decentralized. For example, in the recent #SUİ lending protocol hacking incident, the foundation was able to vote to confiscate and transfer the money from the hacker's address, which is quite similar to this wallet incident where users' assets were confiscated!
Alpha project has high score but low value? Fly project, investors left early, old users got no coins!
EDGEN, which scored 223 points in the previous project, gave Alpha the lowest price in history, 30U, and Fly, which scored the same, also gave 30U. (The one in the ETH game does not count, it is a gas fee issue.) It really makes the high score and low value a reality! However, through the on-chain data, it was found that an investor dumped the market in advance. The market opened at 21:00 Beijing time, and this person received 140,000 U in advance, and sold them at 0.93 two minutes before the opening. The retail investors opened at only 0.75, and only 66 U were sold in the first time. I sold it at 66 at the first time, but the price was too low, so I didn't sell it. Now it's been cut in half. I thought 60U was the lower limit, but I didn't expect it to have no bottom line!
$BTC It must be said that the military is still wealthy! In this month of rising, the bears could only explode up to 200 million U at most in a day, and this only slightly decreased, with a single day drop not even reaching 10%. $BTC has exploded to 800 million in liquidation. (I am referring to all market currencies, not just BTC.) BTC has also liquidated 300 million in this wave. Today, unless something unexpected happens, the entire market is about to liquidate 1 billion. A significant piece of news.
Another unfortunate soul brushing Alpha, losing nearly 4000U. Do you still dare to brush casually?
In my previous articles, I analyzed the issue with Alpha traps, and I didn't expect that just a few days later, there would be another unfortunate soul. Without further ado, here's the image. From the image above, it can be seen that the ZKJ token worth 3700U was exchanged for a KOGE token worth only 2U. This situation cannot be described as anything but unfortunate; anyone who encounters it would feel the pain! Below, I will provide an image for a detailed analysis.
As can be seen above, the incident occurred in block 50860873, where the unfortunate soul and the attacker were in the same block, confirming it was indeed a trap. So why did this happen to him? From the image below, we can see that on June 3rd, he was still brushing the USDT trading pair, and just one day later, he encountered this issue. It’s likely he was influenced by the coin-to-coin brushing methods from KOLs on X, which led to this disaster.
It turns out that Alpha's compensation mechanism has not been canceled! At the current price, it should be a compensation of 30 dollars, and when I received it before, it was only 30 dollars. The loss is severe, and perhaps the officials can no longer bear to watch.
After stopping scoring for 15 days, has someone invented not scoring on the day of deduction? Don't believe it!
For the sake of explanation, an example is as follows: Assuming you score 16 points every day and deduct 15 points for the day, then on the 4th, your score for today is 1 point. However, if you do not score on the 4th, then today's score will be -15 points. In the next 15-day scoring cycle, the impact of the -15 points will continue to exist in the total score. This impact will last until the 19th, and the new 15-day cycle will eliminate the -15 point impact from the 4th.Points deduction will only appear during the 15-day cycle after the deduction starts. If you don't believe it, you can open your own Alpha score sheet and add up the scores from the last 15 days to see.
An abnormal phenomenon, why does Alpha Studio need to cheat openly?
The crackdown has started! 👊 I believe everyone has seen quite a few people cheating with name brands in the square and on X these past few days, claiming to bypass facial recognition, with zero wear on transaction volume, engaging in abnormal methods like operations in the same block to gain points.
So the question is, if they're so capable, why don't they just do it secretly themselves? Are they posting to get their accounts banned? I thought about it, and this should be another story about selling shovels. There are always some people who, when faced with fierce competition, will take a different path. When a large number of people go to pan for gold, he starts selling gold panning tools. There are many participants in Alpha, well then, I won’t compete with you. I’ll just sell Alpha’s tools directly and publicly post videos challenging Binance.
No way, dude! The studio's fake faces have stacked the scores way too high! I've already skipped three meals!
As a purely visual detection face, the deception is still very high, so strengthen the detection! Do you have any ways to prevent the studio from cheating?
Since it's all about trading volume, why don't you come here?
Binance's favorite project Astherus. A newly launched trading volume activity for new users starting from June 1st; anyone who hasn't used this project will be considered a new user.
The last task requires reaching $1,000,000 to return $200. Can't you do it? Then come on! I don't know if there will be blessings, but this is definitely a big airdrop opportunity; consider it yourself! If you're too lazy to search, just click my link. If you're afraid of being scammed, search for it yourself. https://www.asterdex.com/en/referral/83F815 Check the task status here after completion. It will refresh the latest task status in about an hour.