PI Network (The next BTC)

There's an upcoming new coin called PI network. No value yet as it is in their 2nd phase. They say it will be like bitcoin but there is not promised value yet from the creators. Although the idea is promising, just like what monero did, users were freely to mine.

[spoiler]

 
How does this Pi Network works? – Pi Network Scam Review
Pi Network refers to the network in which the value of Pi can and may be determined by the level of activities and engagement. Users who have downloaded the App may also be referred to as a member of the network.

The purpose of this network is to give value to this cryptocurrency by distributing Pi. The network is structured in such a way that users who have more invites gets a higher mining rate. This is to reward users for their contribution and commitment to the network. However, it is not compulsory for users to invite others to mine the cryptocurrency. Casual members who have no intention of inviting others to the network mine at a base rate. There are no other disadvantages or whatsoever besides having a base mining rate for casual users.

Halving is a mathematical concept in cryptocurrency to safeguard its value by means of scarcity. In any currencies be it fiat or digital, the true value is determined by the level of engagement and scarcity. Halving of mining rate occurs whenever the total number of users reaches a certain milestone.

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As the PI network hits the main net it will be available for everyone to buy, sell, and trade the coin. On my observation, this coin have potential to become one of the main cryptocurrencies today. What's great about is it you can mine on your phone. You can leave it overnight and click mine again after your mining session. 

Just download on your appstore/google play "Pi Network" and sign up under my referral or not it's up to you but signing me up on your referral gets you certain % on your mining. My referral is Sinuy

To hold a certain market population, like BTC, it will be almost impossible. The value of a bitcoin is tremendous, and it also holds the majority of coin transfers. Even ethereum which is a better coin overall, will not beat BTC by a long shot. I'm saying it's very unlikely any coin will ever beat or become close to BTC within the next at least 5 years, and those who can do it after those five years, well they can be counted on one hand. Even in five years, BTC will still be the major coin on the market. There will not be another bitcoin, because the value of BTC is also determined by, well the exact value of 1 BTC for starters. Let's say this noname coin starts out with a value of 0.01$ per 1 Pl, then there is a long way to 1 Pl being worth 9.000 $ and the supply and stock even nearing the numbers of BTC.

It might not be as big as bitcoins but I was over exaggerating the title for attention. Nonetheless, the development of Pi Network is very promising. The problem with BTC is most people hold it for investment and people are scared to spend their BTC. With Pi network, the developers made a way for the Pi coins or whatever they will be calling it when it hit the main net, everyone gets the chance to earn some with their cryptocurrency via phone mining. I have researched the development of Pi network. Unlike BTC you have to buy $1000-$3000 mining equipment for BTC. 


https://changelly.com/blog/pi-network-pi...rediction/