Hello everyone, both fans and anti-fans of Pi Network.
Before, when I first learned about Pi Network, it was introduced by a colleague. My colleague begged me to download the app and check in every day to mine Pi coin. I didn't download the app, and told my colleague to forget about Pi coin. Just focus on doing the job you're doing. And remember, if something is free and everyone has it, no one will buy it when sold. And buying it at a high price is for crazy people only..😜🤪🤪.
*** 1 to 2 years later, I heard the news about the price of Pi, which was met by elders in the North and valued at 7 billion VND. I laughed sarcastically, and said to myself that I really had no knowledge. Something that was mined for free was worth 7 billion. And yet it was able to lure so many chickens..🤪
*** Then one day in October. I read on X and saw that Pi will be mainnet by the end of 2024 after a series of unfulfilled promises from the leaders.
Now I wonder:
1. This project is not over yet?
2. Why are there still so many ignorant people?
I started to learn about the project. Common technical terms like web3, global payment, what are nodes,... And after understanding the project's rough vision. I started to have a different perspective on the project.
But then I get confused. If Pi GCV agrees to 314,159 usdt then what will happen...
1. Millions of billionaires will appear.
2. Goods start to climb.
3. There will be no more workers, employees, services, security guards, every industry will lack human resources, ...
4. At that time, people will go back to farming for self-sufficiency because no one will produce the goods because they are too rich,..
5. And the most important thing is: when you exchange goods in GCV with 50% pi and 50% cash and bring them out to the community to sell for about 60 to 70% in cash. Then you have profited 10 to 20% in cash. And if you continue to do so, the goods in GCV will be exhausted,..
And a thousand other questions I wondered about. And I continued to follow the project and learn.
I found out:
1. When the mainnet opens, there won't be as much supply as I thought. Currently, there are only about 600 million coins in circulation. When the mainnet is released, there will be 1 billion coins. The number is still not too large.
2. The price after opening mainnet will definitely not reach 314,159 USD so there won't be too many billionaires.
3. It will take a very, very long time to reach the circulating supply milestone of 100 billion coins. And later the mining rate will be reduced a lot.
4. And Pi has done a lot of connecting from users to businesses, banks and even politics,... that will be the push for the project to develop quickly and widely,..
5. When the project develops well, the price of Pi will increase. That is obvious,...
6. I wonder if many people use Pi for exchange and payment. Do we need to convert Pi coin into cash anymore...?
7. And what I just realized is that no one has the time to spend years building a project just for fun. Maybe they have many ways to make money. But here they build the Pi network project as something that has long-term meaning and affirms their reputation like Qin Shi Huang built the Great Wall of China for example. It is a work that can still be seen from outside the earth.
8. And now I understand why Pi is mined for free. Do you know why? A global connection project, if mining is difficult or costly, there will not be many miners. And Pi Network is very clever in attracting a large number of users. And from there, connecting with businesses, banks and international monetary systems, ... and when it is opened globally, it is a macro story. The project has available users. There are businesses, banks, and political support. And there are many things you can do on Pi's network. This will contribute significantly to the rapid expansion of the project and its acceptance in every country. So mining Pi for free is really a stepping stone to the project's success globally...
And now you understand why I used to laugh at Pi Network miners. And now I laugh at myself. I shouldn't judge a project when I don't know anything about it. And here the Pi network project has not scammed anyone for a penny. And in many countries Pi coin has been used to exchange goods. Currently I respect the project very much. And those who contribute to the development of the project. Wish the project success, and become a new symbol of global convenience.
