Hi Friends
I have always been very skeptical and distant from all the hype around digital currency in general due to my basic investment principle that when everyone on the street starts talking about an investment product, it is generally too late to invest in it. It is in this state of mind that I listen to a family friend who tried for months to encourage me to join his cryptocurrency investment group. He got my attention when he mentioned that this one is a new innovation that is at the free distribution phase with no financial commitment required.
As soon as I reached home, I started doing some background research on the Pi Network and found that not only it is a very legitimate and innovative digital currency initiative, but more importantly, it is still at the right stage to jump in with an excellent risk-reward ratio. Of course, there is no guarantee that it will be a successful project, but what you tend to lose is a few minutes a day of hitting a button on your mobile and the mobilization of your network of friend and family at no financial cost to you or them for a possible reward of amassing lot of Pi digital currencies that could be very valuable in the future if the project is successful. Below is the summary of the findings of my research on the PI Network and my recommendation.
1. It is a project credited to three Stanford University PHDs namely: Dr Nicolas Kokkalls (head of technology), Dr. Chengdiao Fan (Head of product) and Vincent McPhillips (head of the community)
2. The company only offers a service, but no product. After downloading the Pi Network app, you need to confirm that you are a human by pressing a lightning symbol on the app at 24 hours intervals. This will initiate the mining process at a predetermined rate on your mobile device (currently 0.20pi/hr) without draining your phone battery. You are free to exit the app after that action without discontinuing the mining process.
3. It is a FREE App. Free to download (with no ads) either from google play or apple store. You may search pi, pinetwork,or minepi
The apple store link is https://apps.apple.com/ca/app/pi-network/id1445472541
The Google Play store link is https://play.google.com/store/apps/details?id=com.blockchainvault
you my use the invitation code: cakzxd
4. Members can join only on invitation from other members. You can accelerate your mining rate by inviting other members to join using your code. You are welcome to use mine to join if you decide to or if this review adds any value to you (cakzxd).
5. After three successful mining cycles of 24 hours each, you qualify to become a contributor and you can form a security circle of 3 to 5 trusted members. This will accelerate your mining rate as well.
6. The mining rate has been halved for any multiple of 10 members that the network achieved. The project started in March 2019 at a rate of 3.1 Pi/hr and in November 2019 the network reached 1 million members and the current rate is 0.20 pi/hr.
7. The next milestone is at 10million members and it is not yet clear if the mining process will be discontinued at that stage or if it will continue to reduce in speed.
8. On Pi network white paper, a summary description of the technology they use is as follows: For Pi, we introduced the additional design requirement of employing a consensus algorithm (the process that records transactions into a distributed ledger) that would also be extremely user-friendly and ideally enable mining on personal computers and mobile phones. The consensus algorithm that they use is the Stellar Consensus Protocol (SCP) that was architected by David Mazieres a Professor of Computing Science at Stanford University as stated in Pi Network white paper as well.
My recommendation:
Pi has no value currently, just as Bitcoin in 2008, but could have value in the future. Pi Network is using an innovative digital currency technology that will decentralize the mining of digital currency to ordinary people and is user-friendly through mobile phones. In my view, the risk-reward ratio justifies my recommendation of jumping in while it is still open. But like for everything in life, feel free to do your own research. This is only my personal opinion and if you decide to go by it I will appreciate you using my code to join. It will bless me in return by accelerating my mining rate. You can reach me at support@pinetworkapp.org if you would like to discuss more about this project.
Again, before and after installing this PI app, please read the following and make sure you understand them well, Or if you have any questions, please reply to this email or reply to support@pinetworkapp.org
--PI is global,
--Verify your PI account with your phone number or Facebook immediately to avoid losing any PI coins you mined,
--1 person, 1 PI account, 1 device,
--Update the mining cycle every day by pressing the green lighting button every 24 hours,
--after 3 days, build your own security circle to increase the earning rate.
If you want to learn more about PI, please visit us at
or
Doctor Nicolas Kokkalis, is a Postdoctoral Scholar in Computer Science at Stanford University, He is doing Social Computing research at Stanford and teaching a Decentralized Applications class.
https://hci.stanford.edu/nicolas/
Posted by: support <milestones807@gmail.com>
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