What The Heck!  Mining On A Smartphone? 

Decentralized Finance (DeFi) Ecosystem enthusiasts will scoff at  Pi Network because it happens to be mined on a mere smartphone.  Pi network targets people from all wakes of life including the lowly.  Ha! I laugh at this idea designed by  Stanford University professors Nicolas Kokkalis  and Chengdiao Fan. Stanford University is the home of innovations including Google.

Just the way many people scoff at new innovations,  is the way they scoff at pi, the new coin in pi network.  Majority of the world populace do not normally embrace change. 

A story is told of a tick who got himself attached to a very fat bullock.  Yet one day,  the bullock was being sold and somebody warned Tick to detach himself.  He didn't and soon the bullock was sold. 

Somebody warned Mr.  Tick that the bullock was being taken to the slaughterhouse and will soon be dead but Tick gave a deaf ear till the bullock was slaughtered and the affected area burnt. 

 

That is how we embrace newness even in the world of cryptocurrency.

Gosh!  But Pi Network Has Taken Too Long To Mature

Pi Network was invented in the year 2018. Yet at present it seems as if it has not picked up.  Pi seems to have no value.  Is it true Pi has not picked up. 

Pi has its own Pi Network Decentralised Blockchain and as this post goes online transactions are being done by the second in the blockchain. 

Pi Network has its own Pi Browser and is actually making a headway in the cryptocurrency field.  It is true it is growing slowly but slow and sure wins the race. 

Screenshot  of ongoing transactions.

Lol! KFC Seems To Be Taking Eons

This is one area which is very challenging to pi network.  Despite millions of people having done their kyc, there seems to be a big number which has not yet done their kyc.  Others have done but validation is taking eons. 

With more than 35m users in this giant project.  The management is meticulously going over the kyc issue to ensure it has the right people.  Bots and fraudsters have to be sieved from the site.  This is the main reason the process is taking time. 

Does Pi Have A Price? 

All new coins rarely have any price.  Pi  is no exception,  yet transactions are being done by a consensus price.  The price depends on agreement.  The expected price is speculated at $100, $314, $3141.59, $31415.9, $314159 etc. 

Alas!  Will This Project Make Billionaires Out Of Paupers? 

The probability is very high.  It will depend sorely on supply and demand. 

Beggars may go riding in the streets!!!!