I only hear great stories about what it was like mining bitcoin on your laptop a decade ago, but what about the flip-side?
2009 - Multiple success stories, people rushing into buying mining gear, buying people's old laptops and doing whatever humanly possible to feed the greed and get rich from mining / earning bitcoins. The chinese, mainly, quickly capitalized on this opportunity and built mining warehouse with the sole purpose of turning electricity into Bitcoin, then exchange for fiat currency.
2010 and onwards - What people do not tell you is that there has been hundreds and even thousands of scams ever since the creation of bitcoin - including well known dark web marketplace, Silk Road. We live in the world where we read people's stories and their results and want to achieve same if not better results, so we can put more food on the table, or pay for that brand new car or finally come out from the mortgage game.
Fast foward to 2017 - I saw people convince their families, to risk, even if it is just a little. Youtube and Twitter (((gurus))) advising others to get in before it is too late etc. However, many of these projects backfired, leaving people REKT on their investments. Some of these scams have included the notorious Mt. Gox & Cryptopia exchange,, Bitconnect, Confido and countless fake ICOs promising the world and taking people's hard earned money, running off to the Bahamas.
In the meantime - After multiple gone-bust projects, some altcoins have stood out and shown us what is possible. Much, much quicker transaction times, that are processed 24/7 7 days a week, 365 days of the year and new decentralized cryptocurrencies or cryptocurrencies allowing businesses to build new, smaller and nicher cryptocurrencies on their blockchain such as ETH and NEO.
To summarise, to make money from those projects, you had to have invested money, leaving you at risk for losing it all. According to Forbes, you should only risk 10% of your Net Worth on cryptocurrencies, but when it is the financial markets, most newcomers, especially, come under heavily peer pressured into *going all in* and *HODL* until you make good gains on certain projects. Not to forget the amount of shilling on Reddit, Twitter, Facebook and Youtube.
Let us fast forward a decade between 09 and 19 and it turns out there is a fresh, brand new way of getting your feet wet in the crypto scene, with the additional benefit of not risking losing any money. The idea comes from Vince McPhillip, Yale and Stanford trained social movement and community leader and his talented team.
SocialChain Inc. aka Pi Network is a one of a kind cryptocurrency which aims to re-form the values associated with money by allowing us to run the entire blockchain on our mobile phones. Thankfully, the technological advancement in the cryptosphere has allowed them to build upon Stellar blockchain, using their already working and tested Stellar Consensus Protocol (more info on this in this video.) allowing us to move away from the Earth-destructing proof-of-work ways into a more, eco-friendly and green way of running a blockchain.
To simply put... instead of wasting electricity to increase our chances of solving complicated computing puzzles by using expensive mining gear like video cards or ASIC miners, allowing us to earn Bitcoin, we, instead are already putting our personal mobiles to work, which in the background send light weight messages on the network, allowing us to verify transactions by trusting other mobile users. Best thing about it is that you don't even have to keep the app running! I have tested this in July and the results are impressive, to say the least.
Take a look at how much data and power it has used, with permission required as well.
This leaves me assured, that the advice I give, will not leave you with an empty pocket or putting you at risk of losing all your investment, rather, give you a decent chance of earning some cryptocurrency in the background - truly, as I said, you don't even notice it as you only have to open the app once a day for about a minute, then you are set for another 24-hour mining session.
The project is in a beta stage, meaning to get access you need an existing user's name to become a miner - you will join their mining circle, allowing you the opportunity of earning free crypto in the background, plus to make it better, you will be able to add others into your own mining team, giving them a great starting point too. If you trust someone on the network, as you are confident they are human, you can add them to your Security Circle allowing you to earn more Pi / hour.
Here are the 5 steps to take to turn your mobile into an asset:
1. Search ' Pi Network ' on the App Store or Play Store.
2. Download and install it.
3. Verify via Facebook or mobile phone number.
4. Create a username (I would recommend something simple)
5. Enter the person's username who invited you - feel free to use mine, which is ' Kozii '.
Congratulations! You are part of the international, peer to peer payment network ran solely on mobile phones, allowing us to create a foundation for the upcoming eBay/PayPal type of marketplace in 2020.
In addition, you now have your own page that you can show to your friends. See mine, for example. https://minepi.com/Kozii
ARE YOU READY?
See you on the other side or in the Discord.
Let's connect!
Kozii
Discord: Kozii#4386
