Bom dia a todos
Se você quiser saber mais sobre Bitcoin, o que é a rede Pi e o tipo de lucros e riscos que vêm com o investimento em criptomoedas, então este é o artigo para ler.
Vou ser francamente honesto aqui e dizer que este não foi um tópico fácil de pesquisar e estudar. Talvez porque já faz um tempo que não fiz uma leitura abrangente sobre um tópico que não estou familiarizado, ou talvez porque seja realmente um tópico um tanto complexo.
De qualquer forma, espero que neste artigo eu tivesse conseguido torná-lo mais simples e fácil de entender para aqueles que não têm absolutamente nenhuma ideia do que é bitcoin e como funciona. Então, respire fundo e vamos mergulhar!
O que é Bitcoin?
Bitcoin é uma criptomoeda que não é gerenciada por nenhuma autoridade e na qual as transações são registradas em um blockchain que é público e contém registros de todas as transações realizadas.
Foi criado em janeiro de 2009 por uma pessoa / grupo anônimo sob o pseudônimo de Satoshi Nakamoto e é considerado a primeira alternativa à moeda fiduciária.
O Bitcoin também é a primeira criptomoeda que conseguiu usar uma transação ponto a ponto e eliminou o intermediário, como a operadora de cartão de crédito ou o banco, onde a autorização para a transação deve ocorrer primeiro.
Desvantagens do Bitcoin
Ganhar Bitcoin se tornou mais complexo e a mineração tornou-se quase impossível para o público em geral, pessoas sem nenhum equipamento especial de mineração e dinheiro suficiente para pagar o enorme consumo de eletricidade que o processo de mineração consome não têm chance.
Existem cerca de quatro milhões de plataformas de computador em todo o mundo que estão constantemente minerando Bitcoin, mas 98% delas nunca obterão o código primeiro e, portanto, nunca verificarão as transações, apesar do enorme gasto com eletricidade.
E mesmo quando eles conseguem obtê-lo, as recompensas costumam ser incrivelmente baixas em comparação com o custo. Um estudo de caso recente mostrou que a configuração de mineração e os custos de eletricidade significam que minerar um Bitcoin em casa em 2020 também custará cerca de um Bitcoin a preços atuais.
Outra desvantagem é que, enquanto o Bitcoin começou como um novo meio para uma moeda que é descentralizada, acessível a todos e controlada por todos os seus usuários, conforme a rede cresceu, isso mudou um pouco.
O Bitcoin tornou-se de certa forma centralizado, no sentido de que a maioria da moeda é retida por apenas um pequeno número de pessoas e, portanto, de certa forma, eles têm o poder superior da moeda. É relatado que 87% de todos os Bitcoins pertencem a menos de 1% da rede.
O que é a rede Pi?
Pi é uma nova criptomoeda criada por 3 PhDs de Stanford e lançada em 14 de março de 2019 (também conhecido como Dia do Pi, já que 14/03 são os primeiros três dígitos do π)..
É considerada a primeira moeda digital que pode ser usada por pessoas comuns. O que significa que você não precisa de dispositivos especiais ou amplo conhecimento técnico para ser capaz de minerar e ganhar moedas Pi, ao contrário do Bitcoin, por exemplo.
É também a primeira criptomoeda que permite a mineração por meio de seu telefone (ambos Android | iOS), sem esgotar a bateria ou consumir muita energia.
A Pi Network depende principalmente de seus colaboradores para fortalecer seu círculo de segurança agora. De março de 2019 a março de 2020, eles conseguiram ter 10 milhões de mineiros em sua rede.
Fui apresentado à Pi Network por um ex-colega de trabalho e fiquei intrigado com a ideia de que ela ainda está em suas fases iniciais e com o fato de poder explorá-la com o clique de um botão no meu telefone, então decidi aprender e ler mais nele.
Eu tenho visto muitas pessoas sendo céticas sobre isso, pensando que estão tornando isso muito fácil? e é bom demais para ser verdade.?
Ou que isso vai apenas travar e queimar, como muitos outros tipos de criptomoeda que tentaram ser? o novo Bitcoin? e falhou.
No entanto, não vejo mal em ir em frente, já que não estamos realmente arriscando nada ao fazê-lo. Eles não estão pedindo que você pague para ganhar essas moedas.
Tudo o que eles pedem aos mineiros é que usem o aplicativo uma vez por dia, apenas clicando em um ícone, e o aplicativo continuará ganhando Pi para eles por mais 24 horas.
Eles também encorajam os mineiros a contribuir para o fortalecimento da rede, adicionando de 3 a 5 pessoas ao seu círculo de segurança. E quando eles abrem o app todos os dias, eles começam a ganhar ao confirmar que essas 3 a 5 pessoas são confiáveis.
Enquanto criptomoedas como o Bitcoin protegem seus livros-razão, forçando os mineiros a queimar energia (prova de trabalho), o Pi protege seu livro-razão quando seus membros garantem uns aos outros como confiáveis.
Pi é o apoio dos contribuidores uns aos outros, construindo círculos de segurança compostos por 3-5 membros que eles consideram confiáveis.
Os círculos de segurança devem ser compostos por pessoas em quem você confia para não executar transações fraudulentas. Os círculos de segurança de rede formam um gráfico de confiança global que determina quem pode ser confiável para executar transações no livro razão.
Além do seu círculo de segurança que consiste em 5 pessoas, você pode adicionar mais à rede para fazer parte de sua equipe de ganhos
Se você quiser saber mais sobre Bitcoin, o que é a rede Pi e o tipo de lucros e riscos que vêm com o investimento em criptomoedas, então este é o artigo para ler.
Vou ser francamente honesto aqui e dizer que este não foi um tópico fácil de pesquisar e estudar. Talvez porque já faz um tempo que não fiz uma leitura abrangente sobre um tópico que não estou familiarizado, ou talvez porque seja realmente um tópico um tanto complexo.
De qualquer forma, espero que neste artigo eu tivesse conseguido torná-lo mais simples e fácil de entender para aqueles que não têm absolutamente nenhuma ideia do que é bitcoin e como funciona. Então, respire fundo e vamos mergulhar!
O que é Bitcoin?
Bitcoin é uma criptomoeda que não é gerenciada por nenhuma autoridade e na qual as transações são registradas em um blockchain que é público e contém registros de todas as transações realizadas.
Foi criado em janeiro de 2009 por uma pessoa / grupo anônimo sob o pseudônimo de Satoshi Nakamoto e é considerado a primeira alternativa à moeda fiduciária.
O Bitcoin também é a primeira criptomoeda que conseguiu usar uma transação ponto a ponto e eliminou o intermediário, como a operadora de cartão de crédito ou o banco, onde a autorização para a transação deve ocorrer primeiro.
Desvantagens do Bitcoin
Ganhar Bitcoin se tornou mais complexo e a mineração tornou-se quase impossível para o público em geral, pessoas sem nenhum equipamento especial de mineração e dinheiro suficiente para pagar o enorme consumo de eletricidade que o processo de mineração consome não têm chance.
Existem cerca de quatro milhões de plataformas de computador em todo o mundo que estão constantemente minerando Bitcoin, mas 98% delas nunca obterão o código primeiro e, portanto, nunca verificarão as transações, apesar do enorme gasto com eletricidade.
E mesmo quando eles conseguem obtê-lo, as recompensas costumam ser incrivelmente baixas em comparação com o custo. Um estudo de caso recente mostrou que a configuração de mineração e os custos de eletricidade significam que minerar um Bitcoin em casa em 2020 também custará cerca de um Bitcoin a preços atuais.
Outra desvantagem é que, enquanto o Bitcoin começou como um novo meio para uma moeda que é descentralizada, acessível a todos e controlada por todos os seus usuários, conforme a rede cresceu, isso mudou um pouco.
O Bitcoin tornou-se de certa forma centralizado, no sentido de que a maioria da moeda é retida por apenas um pequeno número de pessoas e, portanto, de certa forma, eles têm o poder superior da moeda. É relatado que 87% de todos os Bitcoins pertencem a menos de 1% da rede.
O que é a rede Pi?
Pi é uma nova criptomoeda criada por 3 PhDs de Stanford e lançada em 14 de março de 2019 (também conhecido como Dia do Pi, já que 14/03 são os primeiros três dígitos do π)..
É considerada a primeira moeda digital que pode ser usada por pessoas comuns. O que significa que você não precisa de dispositivos especiais ou amplo conhecimento técnico para ser capaz de minerar e ganhar moedas Pi, ao contrário do Bitcoin, por exemplo.
É também a primeira criptomoeda que permite a mineração por meio de seu telefone (ambos Android | iOS), sem esgotar a bateria ou consumir muita energia.
A Pi Network depende principalmente de seus colaboradores para fortalecer seu círculo de segurança agora. De março de 2019 a março de 2020, eles conseguiram ter 10 milhões de mineiros em sua rede.
Fui apresentado à Pi Network por um ex-colega de trabalho e fiquei intrigado com a ideia de que ela ainda está em suas fases iniciais e com o fato de poder explorá-la com o clique de um botão no meu telefone, então decidi aprender e ler mais nele.
Eu tenho visto muitas pessoas sendo céticas sobre isso, pensando que estão tornando isso muito fácil? e é bom demais para ser verdade.?
Ou que isso vai apenas travar e queimar, como muitos outros tipos de criptomoeda que tentaram ser? o novo Bitcoin? e falhou.
No entanto, não vejo mal em ir em frente, já que não estamos realmente arriscando nada ao fazê-lo. Eles não estão pedindo que você pague para ganhar essas moedas.
Tudo o que eles pedem aos mineiros é que usem o aplicativo uma vez por dia, apenas clicando em um ícone, e o aplicativo continuará ganhando Pi para eles por mais 24 horas.
Eles também encorajam os mineiros a contribuir para o fortalecimento da rede, adicionando de 3 a 5 pessoas ao seu círculo de segurança. E quando eles abrem o app todos os dias, eles começam a ganhar ao confirmar que essas 3 a 5 pessoas são confiáveis.
Enquanto criptomoedas como o Bitcoin protegem seus livros-razão, forçando os mineiros a queimar energia (prova de trabalho), o Pi protege seu livro-razão quando seus membros garantem uns aos outros como confiáveis.
Pi é o apoio dos contribuidores uns aos outros, construindo círculos de segurança compostos por 3-5 membros que eles consideram confiáveis.
Os círculos de segurança devem ser compostos por pessoas em quem você confia para não executar transações fraudulentas. Os círculos de segurança de rede formam um gráfico de confiança global que determina quem pode ser confiável para executar transações no livro razão.
Além do seu círculo de segurança que consiste em 5 pessoas, você pode adicionar mais à rede para fazer parte de sua equipe de ganhos
Bitcoin atingiu um boom de $ 18K na semana passada.
Algumas pessoas realizaram o sonho da criptografia, enquanto outras perceberam como ignorar a tendência foi um erro terrível.PI pode ser a próxima oportunidade, é uma nova moeda digital desenvolvida por PhDs de Stanford em 2019, com mais de 9 milhões de membros em todo o mundo hoje. Parece seguir o mesmo padrão do Bitcoin em 2009.
Nesse estágio, o plano da rede PI parece ser apenas "aumentar os números, testar o sistema e vamos continuar a partir daí".
Você só precisa reservar um minuto por dia, dar a si mesmo a chance de ficar rico. PI é risco zero, nenhum investimento, nenhum cartão de crédito necessário
Se você perder o bitcoin em um estágio inicial, não deixe essa oportunidade passar novamente.
Não há razão para não entrar na rede PI e ganhar alguns tokens. Cadastre-se agora ou se arrependa mais tarde.
PI é um projeto de longo prazo, se você quiser ganhar dinheiro rápido e correr alguns riscos, visite o subsite abaixo ， Este subsite será atualizado semanalmente. Vai dar-lhe alguma ideia de como ganhar com ZERO ou pouco investimento para ganhar dinheiro. Visite-nos frequentemente.
https://www.pinetworkapp.org/free
Em 15 de dezembro de 2020, todos os membros do yahoo group não poderão mais enviar ou receber e-mails do Yahoo Groups.
Se você ainda deseja receber mensagens sobre como investir na criptografia GRÁTIS e SEGURA, participe do nosso novo grupo do google Great_Opptunity_Invest_Blockchain
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Boa sorte.
Good day, everyone
If you want to learn more about Bitcoin, what Pi Network is, and the kind of profits and risks that come with investing in cryptocurrencies, then this is the article to read.
I am going to be bluntly honest here and say that this was not an easy topic to research and study. Maybe because it has been a while since I did some comprehensive reading on a topic I am not familiar with, or perhaps because it is indeed a bit of a complex topic.
Either way, I hope that in this article I would have managed to make it simpler and easier to understand for those who have absolutely no idea what bitcoin is and how it works. So, take a deep breath and let us dive in!
What is Bitcoin?
Bitcoin is a cryptocurrency that isn't managed by any authority, and in which transactions are recorded in a blockchain that is public and contains records of every transaction that takes place.
It was created in January 2009 by an anonymous person/group under the pseudonym Satoshi Nakamoto, and it is considered to be the first alternative to fiat currency.
Bitcoin is also the first cryptocurrency that managed to use a peer-to-peer transaction and eliminated the middleman, like the credit card company or the bank, where an authorization for the transaction needs to take place first.
Downsides to Bitcoin
Earning Bitcoin has become more complex and mining has become almost impossible for the general public, people with no special mining equipment and enough money to afford the huge consumption of electricity that the mining process consumes have no chance.
There are around four million computer rigs worldwide that are constantly mining for Bitcoin, yet 98% of them will never get the code first, and so will never verify the transactions, despite the huge electricity expense.
And even when they do manage to get it, the rewards are often incredibly low compared to cost. A recent case study showed that the mining setup and electricity costs mean that mining one Bitcoin at home in 2020 will also cost about one Bitcoin at current prices.
Another downside is that, while Bitcoin started out as a new means for a currency that is decentralized, accessible to all, and is controlled by all its users, as the network grew, this has somewhat changed.
Bitcoin has in a way become centralized, in that the majority of the currency is withheld by only a small number of people and so, in a way, they have an upper power of the currency. It is reported that 87% of all Bitcoins are owned by less than 1% of the network.
What is Pi Network?
Pi is a new cryptocurrency that was created by 3 Stanford PhDs and was launched on March 14th, 2019 (also known as Pi Day, as 3/14 is the first three digits of the π).
It is considered the first digital currency that can be used by everyday people. Meaning you don?t need special devices or extensive technical background to be able to mine and earn Pi coins, unlike Bitcoin for example.
It is also the first cryptocurrency that enables mining through your phone (both Android | iOS), without draining your battery or using up too much power.
Pi Network mainly relies on its contributors to strengthen its security circle right now. From March 2019 to March 2020 they managed to have 10 million miners in their network.
I was introduced to Pi Network by an ex-coworker and I was intrigued by the idea that it is still in its beginning phases, and the fact I can mine with the click of a button on my phone, so I decided to learn and read more into it.
I have seen many people being skeptical about it, thinking that they are making it is too easy? and it is too good to be true.?
Or that this is going to just crash and burn, like many other types of cryptocurrency that tried to be ? the new Bitcoin? and failed.
However, I do nott see the harm in going for it still, since we are not really risking anything by doing so. They are not asking you to pay to earn those coins.
All they ask of their miners is that they use the app once every day, by just clicking an icon, and then the app will continue earning Pi for them for another 24 hours.
They also encourage miners to contribute to strengthening the network by adding 3-5 people to their security circle. And when they open the app everyday, they start earning by confirming that those 3-5 people are trustworthy people.
While cryptocurrencies like Bitcoin secure their ledgers by forcing miners to burn energy (proof of work), Pi secures its ledger when its members vouch for each other as trustworthy.
Pi is Contributors vouch for each other by building security circles composed of 3-5 members they deem as trustworthy.
Security circles should be composed of people you trust not to execute fraudulent transactions. The network security circles form a global trust graph that determines who can be trusted to execute transactions on Pi is ledger.
Apart from your security circle that consists of 5 people, you can add more to the network to be a part of your earning team.
When you add more people to your earning team, your Pi earning rate per hour increases, and you also help grow the Pi network.
Is it worth it to join Pi Network?
Well, I remember, as some of you might too, when Bitcoin first came out in 2009/2010, how everyone was skeptical, most people thought it was a scam.
Only few people believed that it could actually amount to something and decided to take the leap and go for it.
Let us say, someone in 2010 took a chance on Bitcoin and decided to buy it when a single coin was for around $0.06.
If this person bought 100 Bitcoins for only $6 thinking, ? it is just $6, no big deal.?
Fast-forward to 2018, a single Bitcoin reached $19,783.
This person who decided to buy 100 Bitcoins for $6 in 2010, in 2018 had 100 Bitcoins for $1,197,830.
See where I am going with this?
Though there is absolutely no guarantee that Pi will go as high as Bitcoin, or even go anywhere at all, since this is all still a beta version of the real thing. However, there is also a great chance that it might go somewhere.
If you look at how quickly their platform is growing, how in only 12 months from launch date they managed to gain over 10 million users in 180 countries and are still growing every day, this is a really good indicator that it might get somewhere.
Also, the fact they are filling a hole in this industry, providing a simple way for the everyday person to acquire cryptocurrency; adding to that the fact it is an eco-friendly system that still is not compromising security; these are some promising factors as well.
How can you start earning Pi coins?
You can not just download the app and join the Pi Network on your own; in order to join the network, you need to have an invitation code from someone in the network.
So, if you feel like you want to give this a try, you can click here and when asked for a code, you can use my invitation code RanaRay.
When you join, you will create your own code that you can then share to invite others to join too, if you wish to increase your hourly earning rates.
At the moment, the earning rate for a new user is 0..25 pi/hour. This rate used to be much higher when the network had fewer users.
The more people join the network, the lower the rates become. The base rate of mining halves every time the number of active users increases by a factor of 10
So it went from 1 pi/hour at 1000 users to 0.50 at 10,000, and to 0.25 at 1,000,000. The next milestone, at 10,000,000 users, the rates will either be halved again or fall to zero.
When the rate eventually falls to zero, the users will then be rewarded through transaction fees not minting new currency.
So, the sooner you join the network, the better!
If you want to learn more or have any questions about how Pi Network works, feel free to send them my way.
When will Pi coins be worth money?
On their website, Pi Network team has explained what their plan is and the steps and phases they are going to take until this currency takes off and can be traded for money.
There are 3 different phases for the launch of the currency. I am not going to get too technical, you can read everything in detail here.
However, to put it simply, they are done with Phase 1 and Phase 2 started in March 2020, which consists of testing the process on a testnet mimicking the real system before going live.
In Phase 2, users are encouraged to set up their computers to act as Nodes in the network and to participate in the current testing process. This is not a requirement though, and there are no announced benefits to the users doing it so far. For now, it is just a way for contributors to help the Pi network grow.
When these tests are finished, they will move to Phase 3 where the official launch of the currency will take place, and that?s when Pi will be listed in currency exchange lists and have a price, and that?s when your coins can be traded for other currencies.
During Phase 3, all users with verified accounts on the current beta version will be migrated to the live, official version with the balance of Pi coins they have earned during this period.
(You are asked to verify your identity by verifying your phone number, so do not forget to do that when you join.)
There is no official date set for the start of Phase 3 yet; however, it is speculated that it would be sometime late 2020 or early 2021.
Pros of Pi Network
Simple. You can easily mine and earn coins with the click of a button. No need for technical background.
Fair. Coin distribution does not depend on the capacity or the performance of your device. Rates for all users start the same, and only increases as each individual contributes to the network.
Affordable. You do not need to buy special mining devices or pay too much on electricity.. And it does not drain your phone battery.
Eco-friendly. Mining for Pi does not consume too much power, unlike mining for other cryptocurrencies.
Pi network. Everything you need to know about the new digital currency Pi Network. Pinterest.
1 Bitcoin is worth 18,745 USD as of the writing of this article.
Pi is a new digital currency created in 2019 and the creators are offering FREE coins (no payments required) until they reach Phase 3 of their launch.
The price/value of 1 Pi is not yet identified, and will not be until they reach Phase 3.
You can only join the Pi Network through a referrer. So if you are interested in joining and earning those free coins, you can visit the below site to join, then use cakzxd as your invitation code.
I believe Pi will blow bitcoin out of the water when it comes into its own in phase 3. Stanford has produced 77 billionaires. When they begin using PI as their go to digital currency the value will skyrocket. We pioneers may be in for the ride of our life!
More Information? Please visit us at
https://www.pinetworkapp.org
or
https://minepi.com/cakzxd
Bitcoin just boomed over $18K last week.
Some people achieved the crypto dream while others realized how ignoring the trend was a terrible mistake.
PI could be the next opportunity, It is a new digital currency developed by Stanford PhDs in 2019, with over 9million members worldwide today. It seems to follow the same pattern as Bitcoin in 2009.
At this stage, the PI network plan seems to just be "grow the numbers, test the system, and we will take it from there."
You just need to take one minute a day, give yourself a chance to get rich. PI is Zero risk, no investment, no credit card required
If you miss the bitcoin at an early stage, don't let this opportunity pass by again.
There's no reason not to join the PI network and earn some tokens. Join now, or regret it later.
PI is a long term project, If you want to make money fast and take some risks, please visit the below subsite， This subsite will be updated weekly. It is going to provide you some idea on how to earn with ZERO or little investment to make money, Please visit us frequently.
https://www.pinetworkapp.org/free
On December 15, 2020 all yahoo group members will no longer be able to send or receive emails from Yahoo Groups.
If you want to still receive those messages on how to invest in the crypto FREE and SAFE, Please join our new google group Great_Opptunity_Invest_Blockchain
You just need to send a blank email to l0731goibc+subscribe@googlegroups.com. Then you will get a reply from this group.
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You will get the confirmed email message "You are now a member of the l0731goibc group".
Good Luck.
If you want to learn more about Bitcoin, what Pi Network is, and the kind of profits and risks that come with investing in cryptocurrencies, then this is the article to read.
I am going to be bluntly honest here and say that this was not an easy topic to research and study. Maybe because it has been a while since I did some comprehensive reading on a topic I am not familiar with, or perhaps because it is indeed a bit of a complex topic.
Either way, I hope that in this article I would have managed to make it simpler and easier to understand for those who have absolutely no idea what bitcoin is and how it works. So, take a deep breath and let us dive in!
What is Bitcoin?
Bitcoin is a cryptocurrency that isn't managed by any authority, and in which transactions are recorded in a blockchain that is public and contains records of every transaction that takes place.
It was created in January 2009 by an anonymous person/group under the pseudonym Satoshi Nakamoto, and it is considered to be the first alternative to fiat currency.
Bitcoin is also the first cryptocurrency that managed to use a peer-to-peer transaction and eliminated the middleman, like the credit card company or the bank, where an authorization for the transaction needs to take place first.
Downsides to Bitcoin
Earning Bitcoin has become more complex and mining has become almost impossible for the general public, people with no special mining equipment and enough money to afford the huge consumption of electricity that the mining process consumes have no chance.
There are around four million computer rigs worldwide that are constantly mining for Bitcoin, yet 98% of them will never get the code first, and so will never verify the transactions, despite the huge electricity expense.
And even when they do manage to get it, the rewards are often incredibly low compared to cost. A recent case study showed that the mining setup and electricity costs mean that mining one Bitcoin at home in 2020 will also cost about one Bitcoin at current prices.
Another downside is that, while Bitcoin started out as a new means for a currency that is decentralized, accessible to all, and is controlled by all its users, as the network grew, this has somewhat changed.
Bitcoin has in a way become centralized, in that the majority of the currency is withheld by only a small number of people and so, in a way, they have an upper power of the currency. It is reported that 87% of all Bitcoins are owned by less than 1% of the network.
What is Pi Network?
Pi is a new cryptocurrency that was created by 3 Stanford PhDs and was launched on March 14th, 2019 (also known as Pi Day, as 3/14 is the first three digits of the π).
It is considered the first digital currency that can be used by everyday people. Meaning you don?t need special devices or extensive technical background to be able to mine and earn Pi coins, unlike Bitcoin for example.
It is also the first cryptocurrency that enables mining through your phone (both Android | iOS), without draining your battery or using up too much power.
Pi Network mainly relies on its contributors to strengthen its security circle right now. From March 2019 to March 2020 they managed to have 10 million miners in their network.
I was introduced to Pi Network by an ex-coworker and I was intrigued by the idea that it is still in its beginning phases, and the fact I can mine with the click of a button on my phone, so I decided to learn and read more into it.
I have seen many people being skeptical about it, thinking that they are making it is too easy? and it is too good to be true.?
Or that this is going to just crash and burn, like many other types of cryptocurrency that tried to be ? the new Bitcoin? and failed.
However, I do nott see the harm in going for it still, since we are not really risking anything by doing so. They are not asking you to pay to earn those coins.
All they ask of their miners is that they use the app once every day, by just clicking an icon, and then the app will continue earning Pi for them for another 24 hours.
They also encourage miners to contribute to strengthening the network by adding 3-5 people to their security circle. And when they open the app everyday, they start earning by confirming that those 3-5 people are trustworthy people.
While cryptocurrencies like Bitcoin secure their ledgers by forcing miners to burn energy (proof of work), Pi secures its ledger when its members vouch for each other as trustworthy.
Pi is Contributors vouch for each other by building security circles composed of 3-5 members they deem as trustworthy.
Security circles should be composed of people you trust not to execute fraudulent transactions. The network security circles form a global trust graph that determines who can be trusted to execute transactions on Pi is ledger.
Apart from your security circle that consists of 5 people, you can add more to the network to be a part of your earning team.
When you add more people to your earning team, your Pi earning rate per hour increases, and you also help grow the Pi network.
Is it worth it to join Pi Network?
Well, I remember, as some of you might too, when Bitcoin first came out in 2009/2010, how everyone was skeptical, most people thought it was a scam.
Only few people believed that it could actually amount to something and decided to take the leap and go for it.
Let us say, someone in 2010 took a chance on Bitcoin and decided to buy it when a single coin was for around $0.06.
If this person bought 100 Bitcoins for only $6 thinking, ? it is just $6, no big deal.?
Fast-forward to 2018, a single Bitcoin reached $19,783.
This person who decided to buy 100 Bitcoins for $6 in 2010, in 2018 had 100 Bitcoins for $1,197,830.
See where I am going with this?
Though there is absolutely no guarantee that Pi will go as high as Bitcoin, or even go anywhere at all, since this is all still a beta version of the real thing. However, there is also a great chance that it might go somewhere.
If you look at how quickly their platform is growing, how in only 12 months from launch date they managed to gain over 10 million users in 180 countries and are still growing every day, this is a really good indicator that it might get somewhere.
Also, the fact they are filling a hole in this industry, providing a simple way for the everyday person to acquire cryptocurrency; adding to that the fact it is an eco-friendly system that still is not compromising security; these are some promising factors as well.
How can you start earning Pi coins?
You can not just download the app and join the Pi Network on your own; in order to join the network, you need to have an invitation code from someone in the network.
So, if you feel like you want to give this a try, you can click here and when asked for a code, you can use my invitation code RanaRay.
When you join, you will create your own code that you can then share to invite others to join too, if you wish to increase your hourly earning rates.
At the moment, the earning rate for a new user is 0..25 pi/hour. This rate used to be much higher when the network had fewer users.
The more people join the network, the lower the rates become. The base rate of mining halves every time the number of active users increases by a factor of 10
So it went from 1 pi/hour at 1000 users to 0.50 at 10,000, and to 0.25 at 1,000,000. The next milestone, at 10,000,000 users, the rates will either be halved again or fall to zero.
When the rate eventually falls to zero, the users will then be rewarded through transaction fees not minting new currency.
So, the sooner you join the network, the better!
If you want to learn more or have any questions about how Pi Network works, feel free to send them my way.
When will Pi coins be worth money?
On their website, Pi Network team has explained what their plan is and the steps and phases they are going to take until this currency takes off and can be traded for money.
There are 3 different phases for the launch of the currency. I am not going to get too technical, you can read everything in detail here.
However, to put it simply, they are done with Phase 1 and Phase 2 started in March 2020, which consists of testing the process on a testnet mimicking the real system before going live.
In Phase 2, users are encouraged to set up their computers to act as Nodes in the network and to participate in the current testing process. This is not a requirement though, and there are no announced benefits to the users doing it so far. For now, it is just a way for contributors to help the Pi network grow.
When these tests are finished, they will move to Phase 3 where the official launch of the currency will take place, and that?s when Pi will be listed in currency exchange lists and have a price, and that?s when your coins can be traded for other currencies.
During Phase 3, all users with verified accounts on the current beta version will be migrated to the live, official version with the balance of Pi coins they have earned during this period.
(You are asked to verify your identity by verifying your phone number, so do not forget to do that when you join.)
There is no official date set for the start of Phase 3 yet; however, it is speculated that it would be sometime late 2020 or early 2021.
Pros of Pi Network
Simple. You can easily mine and earn coins with the click of a button. No need for technical background.
Fair. Coin distribution does not depend on the capacity or the performance of your device. Rates for all users start the same, and only increases as each individual contributes to the network.
Affordable. You do not need to buy special mining devices or pay too much on electricity.. And it does not drain your phone battery.
Eco-friendly. Mining for Pi does not consume too much power, unlike mining for other cryptocurrencies.
Pi network. Everything you need to know about the new digital currency Pi Network. Pinterest.
1 Bitcoin is worth 18,745 USD as of the writing of this article.
Pi is a new digital currency created in 2019 and the creators are offering FREE coins (no payments required) until they reach Phase 3 of their launch.
The price/value of 1 Pi is not yet identified, and will not be until they reach Phase 3.
You can only join the Pi Network through a referrer. So if you are interested in joining and earning those free coins, you can visit the below site to join, then use cakzxd as your invitation code.
I believe Pi will blow bitcoin out of the water when it comes into its own in phase 3. Stanford has produced 77 billionaires. When they begin using PI as their go to digital currency the value will skyrocket. We pioneers may be in for the ride of our life!
More Information? Please visit us at
https://www.pinetworkapp.org
or
https://minepi.com/cakzxd
Bitcoin just boomed over $18K last week.
Some people achieved the crypto dream while others realized how ignoring the trend was a terrible mistake.
PI could be the next opportunity, It is a new digital currency developed by Stanford PhDs in 2019, with over 9million members worldwide today. It seems to follow the same pattern as Bitcoin in 2009.
At this stage, the PI network plan seems to just be "grow the numbers, test the system, and we will take it from there."
You just need to take one minute a day, give yourself a chance to get rich. PI is Zero risk, no investment, no credit card required
If you miss the bitcoin at an early stage, don't let this opportunity pass by again.
There's no reason not to join the PI network and earn some tokens. Join now, or regret it later.
PI is a long term project, If you want to make money fast and take some risks, please visit the below subsite， This subsite will be updated weekly. It is going to provide you some idea on how to earn with ZERO or little investment to make money, Please visit us frequently.
https://www.pinetworkapp.org/free
On December 15, 2020 all yahoo group members will no longer be able to send or receive emails from Yahoo Groups.
If you want to still receive those messages on how to invest in the crypto FREE and SAFE, Please join our new google group Great_Opptunity_Invest_Blockchain
You just need to send a blank email to l0731goibc+subscribe@googlegroups.com. Then you will get a reply from this group.
Please DO NOT click the button "Join This Group". But just reply it with another blank email again. You will be added to the group.
You will get the confirmed email message "You are now a member of the l0731goibc group".
Good Luck.
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