Have you heard or had a coin that will solve the problem, that bitcoin was previously and still, currently facing?

Bitcoin and other crypto as it supposed to be.

One of the primary purpose of bitcoin and other digital currency is, for them to be used for payment. Instead of being used for payment, in the case of bitcoin, it slowly became something, people needed for store of value. It become a certain type of investment. If you look at the percentage of crypto transaction, bitcoin was not even able to rise at the top. Ethereum rose to top, pushing bitcoin in top 2 position. What's more disappointing is that, according to statista, the major contributor of this transaction were from the exchanges like binance. It means the transaction was more on digital currency conversion to fiat and was not because of payment transaction in exchange for goods.

For me, One of the failure of bitcoin, for it to be adopted as a means of payment, roots from the beginning. It failed to become accessible to the general public. For a person to be able to engage in mining, he/she have to buy a mining ring, have the technical knowledge on it and be capable for competing with other pool of miners. Its also not possible to spend bitcoin for payment because there were little to no store that accept it.

Pi, as the digital currency of everyday people.

Pi Network is in beta version yet it is able to reach the general public by allowing a person to earn Pi in mining, thru its phone. Unlike bitcoin, the mining process doesn't cost so much money and energy. As written in my previous post, Pi use SCP or the stellar consensus protocol.

It is also important to mention that, there are several community driven economy that use and accept Pi as a means of payment . This is a very healthy environment for a cryptocurrency that aims to be used for payment. As a person earn crypto, there are store that will be accepting it, which means the currency will circulate. If you dive deeper on its white paper, pi network's core team were also creating an economy conducive to a user so that they can benefit in holding pi. Thru the app, a user can create its own store, for selling their own product and services, which will prevent the dumping of pi.

This is just my theory, since they also plan on putting ads in the app. What if they allow every user to put their own ad in the store and the store owner, let's say would get 50% cut for the ad revenue and the other 50% is what will be shared to the whole pi holder? If every user all over the world can put specific advertisement, depending on their country, business type and purpose. It will create an intrinsic value that will surely help shot up its price on exchanges! What if aside from normal people, E-commerce businesses will be allowed to have its own store in the app, but first need to buy a "store place" in the platform by having a Pi coin for rental payment, just like store's rent in the mall? This would create a healthy pi demand and later on would help increase its value making it unstoppable!

Nevertheless, Pi network's current environment is very conducive for it to be used as a currency for payment. The developer is also creating a conducive platform for the circulation of its crypto not to mention the other possible app and plans that would create demand and intrinsic value in the future.

whatever happens, If the time come that pi get lunch to mainnet, the early user (pioneer) of the app will surely benefit because they are already getting free Pi and as the lunching began the free pi will end.

On the side of the developer, unlike other start up crypto, they didn't proceed to ICO before lunching its project to mainnet, which reflects their dedication and seriousness on accomplishing the project by providing value first to its user.

The Pi Network is in the last stage of phase 2 in its 3 phase, deployment plan. The interested new user can still mine free pi by simply downloading the Pi network in google store, log in thru facebook and write danoa in the invitation section, because a new user will need an invitation code to get access.

Conclusion: The pi network was able to reach the general public and it has a community driven economy which create a conducive environment for pi circulation. The developer is also serious in accomplishing the project, they have plan that would create demand and intrinsic value for Pi and every early user of pi network (pioneer) will surely benefit on using the app and for mining pi today.

**In your opinion, given the current structure and future plans, Do you think Pi will succeed on becoming the digital currency for payment? will it surpass bitcoin in the future in terms of transactions or price?**

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