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Re: Pi network
by
cryptosavage
on 02/08/2019, 11:18:49 UTC
So why would these free tokens ever be worth anything?
Is it going to be adapted by people to use for what, payments and in the future it will have value?
Just because it can be mined on phones?

I've seen this spammed a lot lately and I'm not getting why people would use this.
The only people who has reason to promote it is those who get the free tokens early on in hopes of it being worth something later.

Yes of course we hope it will be worth something, but best thing you need to invest 0$ so you lose nothing if this is worth nothing and project goes down.
Why I believe it can have success is that it is different from other mobile coins, Electroneum for example which uses proof of work and puts heavy pressure on your phone and battery. Mining pi is effortless because of their consensus algorithms.

But ask yourself, why would anyone ever use this? Really.
Because it's different from other mobile coins. So what? Users who are going to use it to transact (the people who would buy your tokens) wouldn't care right.

You can ask this question for every project, bitcoin for example does it have a future? truly? with such wasteful mining algorithm. Many people would argue. Well it started from something, now it has reached some adoption. The same goes here, project looks good like many others, the main problem is how you reach global adoption. And having 200k + community right now in beta phase is a good start, which many projects even in top 100 coinmarketcap don't have and will go down eventually.