My takeaway - 1. Most probably Pi will provide no value as it's extremely easy to gain. 2. Providing KYC for crypto defeats its own purpose. 3. There are a lot of better alternatives, why go for Pi?
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BoardIndia
Re: My reasoning for Pi as legit crypto. Am I too much optimistic?
by
SudipM
on 24/08/2021, 12:51:30 UTC
Thanks for sharing your point of view. Check this quora thread - https://qr.ae/pGW5lW
It says,
Quote
Pi does not allow any one to have have multiple accounts. Pi wants to remove out the multiple and bots accounts. For this purpose Pi is doing KYC (Know your customer). Since multiple accounts and bots account cannot be verified by KYC, these accounts and their Pi will be burnout, is clearly mentioned by the core team of Pi.
But this will take time. Since only 100000 slots are available for KYC verification in a month, legitimacy of more than 13 M users will also take time. This burning is only possible after the verification of all legitimate users. Core team is developing different techniques for KYC verification.
Are all these a part of a hoax? Or it sounds fake as it is path-breakingly easy?
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BoardIndia
Topic OP
My reasoning for Pi as legit crypto. Am I too much optimistic?
by
SudipM
on 20/08/2021, 05:56:34 UTC
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?"