Cryptocurrency

Every time I talk about cryptocurrency, people often ask, "Tell me about PI." "I don't know" is the short answer.

I don't know and sometimes I don't want to say it.

usually I want to know if I will be fat next time if I collect tokens now. I am not interested in being fat or not. I'm only interested in the technical side, so I don't really look at it. I see that it's not true, but I don't want to say too much when I haven't studied it for sure.

Now that you know as much as you should about his technique, I'll give you my opinion.

- PI means adding an app to the phone, It's a thing where you can trust mine and get tokens. Normally, you have to show Proof of Work to dig a mine. Proof of Work means putting in the time to do a difficult job and building trust in a network that includes people. Difficulty is its essence. Open the app, Log in, It's a red flag since I said mine did the b press.

- It's not really mine. They said they did mine. Called by giving Tokens to gather people like that. This is another red flag because people get more tokens if they collect. So much so that the ratio has already been broken.

- I had to submit KYC for the reason that I would be doing it with many accounts from one person. You have to show your passport and verify your account. Another Red Flag. Since I will be trading on the Exchange, I have to submit KYC. Even to dig a mine, I have to submit KYC. Too many red flags.

- Websites, The apps are all made sure. If you look at it, it's just impressive. No one will look at the technical white paper behind it. Even so, it is still written to make an impression on the surface. If you look carefully, you will see that there is absolutely nothing.

- The Stellar Consensus Protocol is said to be used. In short, SCP is a method of checking whether a piece of information is correct by voting in the network. The problem is who counts the vote. Who will take the lead and vote? and so on. Ripple (XRP), which uses a similar technique, is clear; He has pre-selected Trusted Validators. Not open, but in his own way. Stellar (XLM) uses a technique called Federated Byzantine Agreement. Validators are not preselected. A protocol has been developed that allows nodes to choose their own validator.

- In PI Network, the person who opens the phone and presses B is called Pioneer. Contributor There are others called Ambassadors and Nodes. If you really use SCP, you only need Nodes. Pressed from the phone, You don't need people to call you (you can't do Node Run on the phone either). That's why people called me and asked me to press b on the phone. It has nothing to do with the network. If you say it's a shop, it's not SCP.

So, as a review, I see that it is just a Scam where people gather and get information. It's not the level of stealing people's money because it's not about adding your own money (I don't know if there's a later plan). But information and time are also valuable. If you don't think your time and information are worth it, that's okay.

Even now, because his method is working, he has gathered more than 3 million people, so at some point, he wants to reach the level where he wants to put it on the Exchange. Even if this happens, it won't be more than a Shitcoin. At the top, some people will be fat and the rest will remain gray. Because it seems like it's intended to go that way rather than being really useful.

Another similar one, Bee Coin, is the same. Needless to say. It's the same in meaning because it's just pasting the PI.

This is the author's personal opinion. Acceptance or not depends on the reader. The author is not responsible for profit or loss. It is possible and impossible to say Should you enter or not? You have to decide for yourself.