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It's been about three years since I made a video about the Pi Network
and I thought be a great time to share my experience of what I think about the network since.
The Pi network is a project to make a global cryptocurrency because he called Pi and and it's also a project to make an ecosystem
around this currency today there's roughly 50 million people who mine Pi
on their phone.
The official Pi Twitter account has over 3 million followers and when I first saw this project there was a couple of reasons why I found it really interesting.
The first thing about this project that really stood out was that
it was made by very smart and recognizable academics who also went to Stanford many of you guys might have saw this article but this is what initially hooked me onto the project itself.
The second thing I liked about this project is that it had a lot of funding from very respectable and very wealthy people and according to a lot of court documents. A company was able to accumulate more than $800,000
in funding and having a lot of funding doesn't mean a project is good or bad
but it does mean that the project can survive for a very long time.
And the third and the last reason why I talked about the Pi network at all
is because of how simple it is to mine Pi. This is basically done on an app on your phone and it doesn't require any sort of money or big investment.
Instead you simply spend 5 seconds every single day to mine cryptocurrency on your phone and you basically just open the app and click a button
and for many people the goal was to accumulate as many coins as possible
and then sell these tokens.
Once the project initially launches and these are some of the things that I really enjoyed about the project and there are a couple issues and possible solution to this issue that I'm gonna talk about in the later parts of this video
but over the years this project has been accused of being a scam
and in this video I'm gonna talk about what I think about this project and how my thoughts have changed over the yearsthe first thing I wanna talk about
is whether or not Pi is actually a scam
12 сен 2024
