Post
Topic
Board India
Merits 2 from 1 user
Re: My reasoning for Pi as legit crypto. Am I too much optimistic?
by
teosanru
on 25/08/2021, 17:20:42 UTC
⭐ Merited by amishmanish (2)
A lot of Indians are curious about Pi Cryptocurrency. Especially those who are new to the crypto world.
The most asked question is "Is it another fraud?"

Here is my reasoning for Pi as legit crypto.
https://www.blognox.com/pi-cryptocurrency/

Is it acceptable? Your views, please.
You have to be a complete crypto rookie to think Pi is successful, a currency which had pretty much the similar idea and concept was Electroneum which came in 2017, it got a lot of steam initially but later people realised that mining it using your hardware isn't that profitable and the lock in period sucks the most, imagine doing sheer hardwork of mining it for 4 years and at the end of it you don't even have an exchange where it is listed.
Also the biggest problem with such coin is the utility, only because people are mining it doesn't makes it a good coin, what's the utility of all the coins that get mined? You have to be crypto rookie to think that an altcoin can beat bitcoin, you have more than 11000 listed Cryptos.