Ok, what does it mean "they get stuck", what happens to PI then? "Stuck" how?
This so called "Phase 2" means testnet!
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Phase 2 - Testnet
Before we launch the main net, the Node software will be deployed on a test net. The test net will use the same exact trust graph as the main net but on a testing Pi coin
Before we launch the main net, the Node software will be deployed on a test net. The test net will use the same exact trust graph as the main net but on a testing Pi coin
Unfortunately I also have a brainwashed crypto-noob of an acquaintance that told me about this. Was pretty happy that I could change his mind in under 30 min
)So this is just play money testing phase. A bunch of play-cryptomoney hodlers. And after "Phase 2" devs will delete the testnet coins and swith to mainnet
Quote
Phase 3 - Mainnet
When the community feels the software is ready for production, and it has been thoroughly tested on the testnet, the official mainnet of the Pi network will be launched. An important detail is that, in the transition into the mainnet, only accounts validated to belong to distinct real individuals will be honored.
When the community feels the software is ready for production, and it has been thoroughly tested on the testnet, the official mainnet of the Pi network will be launched. An important detail is that, in the transition into the mainnet, only accounts validated to belong to distinct real individuals will be honored.
So yes, you are right here. After they hodl the playmoney devs will say "hand over id to receive real coins on the real chain" (not that sure it is a blochchain but did not feel the need to investigate further after reading those 2 paragraphs.
The "geniuses from Stanford" will launch a marketplace (from what I understood) where people can use this to trade but most likely not list it anywhere so imo would not have any value outside their website.
Let's just say it's a Cambridge Analitica on a blockchain
