Quote from: pawanjain on Today at 03:29:25 PM

Quote from: pakhitheboss on August 25, 2021, 07:13:55 AM

Quote from: SudipM on August 20, 2021, 05:56:34 AM

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.

I had never heard about this project until today. I am not sure what technology or product will be driving the demand for this coin. When half of India still believe that Bitcoin is either a Ponzi scheme or a get rich quick scheme, In such a scenario, you are selling a coin that does not have any utilization, how do they plan to sustain it for the long run?

My opinion is that it is another short term coin trying to capitalize on the present market condition until they can and then bye bye users.

You are right on point here. Cryptocurrency is gaining traction yet many people in India think it will lead to a scam.
Indians are still hesitant when investing in cryptocurrencies and so investing in a token which is good for nothing is far from the league.
Besides that, even Poly network faced the biggest hack recently how can we trust Pi network to be so secure.
For the time being, Pi network is surely going down the drain unless it has a vision, utility and a working product.

Actually, that is not the case, I have been in touch with some newbie crypto investors, and to my surprise they are quite interested in these new projects, they think these coins can beat bitcoin/ Ether because they are told so. Actually, these companies hold seminars in cities inviting people to showcase their coin, they say that they are here to make all of you millionaires, they give a few negative points about the bitcoin fees and transaction times and then show that how their project is a better alternative than investing in BTC/ Ether, and people are giving their hard-earned money to these people, I went to the seminar and even met people who have invested ₹5 lakhs in these projects.