It's true right now there is huge FOMO going on about PI over the internet. Many people even make some unrealistic price predictions for pi. Many people are buying this locally and I got information from a trusted source that some business owners in Vietnam and in some parts of china accept pi for their goods. I know it's too early to call it a legit platform but right now some people making a hell lot of money out of it.

There are some developments going on right now. Many business is emerging who are ready to accept pi as a payment. If a bunch of people thinks pi is a reliable crypto asset with a future and accept it for their service and goods then I think pi is successful for what they are trying to achieve. Their intention was never to be crypto assets that people will be used primarily for storing values.

I think the problem is somewhere else. If most people think crypto is a scam then there are still some people( This number is high) who believe in crypto. They will surely use crypto but right now there isn't much convenient way to use crypto as a payment method. Most business doesn't want to accept crypto because its price fluctuates very fast. Nobody wants to put their business at such risk.

My question is to you does paper cash good for the economy? I do not find any difference between paper cash and CBDC expect their appearance. You can touch paper cash it has a physical form and you can not touch CBDC it's a digital form of paper cash. As long as govt has full control to print money and increase money circulation, the main problem in our economy inflation will not be solved.

It doesn't matter as long as they find some utilities. There are many cryptos in the market that is listed in many exchanges but don't have a solid use case. I saw some business owner providing their service in exchange for pi coin. Right now the values seem totally hyped but if they can really expand the use case of pi then it doesn't matter what they have done in the past.

Some people don't care if it's an MLM scheme or not. Till now I know people are selling their PI coins through P2P transactions in the open market. That means some people made money out of it. In long term, anything can be turned into a scam.


You know what when BTC came into public many called it a scam like many people saying about PI. I am not comparing pi with BTC nor I do care if PI becomes a successful project or not in long term. My attention is on what they are doing right now. In the current situation, I can see people are using it as a medium of payment. If people accept it then it has some value.

People have already talked about this coin countless times in these forums. Some thought it is a scam project and remove it from their phone. For those of you who haven't heard about the pi coin before let me give you a quick introduction:

pi coin is a form of cryptocurrency that can be mined through a smartphone. A user just needs to install the app into their phone a start mining. They claimed to be a DAO which was maintained and secured by the community. They have a community of 33millions of users worldwide.

Recently they announced their main net launch and mined pi is being transferred to their mainnet slowly. What amazed me is people are accepting pi as a form of payment. There were countless attempts to use BTC as a form of payment in store for purchases of goods which weren't very successful. But I got information that in Vietnam and some regions of china many restaurants, and shopping malls are accepting pi as payments. There is a huge P2P transaction is going on all over the internet for pi because of its demands. It seems totally hype to me but what is going on right now tells me one thing and that is Pi is not a scam.



Some downside of Pi, in my opinion, is you can only use Pi through your smartphone and you need to pass KYC to use your mined Pi.

Not only African country people from many southeast countries like Sri Lanka, Pakistan, and Bangladesh are also trying to find a safe shelter from inflation. Since covid till now Pakistan faces hyperinflation, Srilanka is insolvent, and Bangladesh is also on the way to meeting the same consequences.

Southeast Asia is one of the most densely populated places on the earth where most people use technology every day. This region of the world is an ideal place for the mass adoption of cryptocurrency and I can see this is going to happen due to the economic crises in that country. Crypto is already very popular in countries like Vietnam, Thailand, and Indonesia so this new wave of changes also influencing these countries too.

Social media made people more unsocial. People like to keep in contact with many virtual individuals but most of them are not very active in real-life social programs. Social media is not free, we actually paid them with the knowledge of ourselves which they sell or use for marketing.

We are living in a time when data is the biggest asset. All these social media sell their user data for money and those data have also been collected for marketing purposes.

This is shocking news that they sold out their holdings at a loss. This could demotivate other institutional investors not to invest in crypto anymore. But in the long run, this will bring stability to the crypto space. Too much holding of assets into an institutional investor is not a good thing especially if it has a limited supply like bitcoin.

But I hope other big corporations will be more involved in crypto. Especially I am looking for companies like EA Sports, Microsoft, google, etc.

The population is not a problem if we have a proper management system. In most centuries earth's population decreases because of diseases and war. This will continue until the end of the human race. Elon says something like that because he wants to send earth people to mars.

Overpopulation can be doomsters and boosters if we failed to manage our society in a proper way.

It is necessary to kick out investors like tesla and Michel saylor. They are bringing some attention and money into the crypto space but this affects the overall situation of the crypto market. What it will be beneficial if most of the BTC is in the hands of a few people. Also, I think miners have a big impact on the BTC market. BTC mining cost and current price also affect the BTC market.

You do not need to listen to anyone if you do a history check about the BTC market. Everything is going on according to previous historical data. At least that is what I have learned so far. You just need to connect the dot to see that.

Still sometimes unexpected happens and market do something that it have never done before. So I am not 100% accurate but i am 90% sure about it.

You can grow more crops in a small place if you have enough knowledge and resource to do that. In many urban places where open space to grow crops is hard to find, people use their rooftops.

People in the modern world like to be involved in service work that doesn't require any physical effort and they intend to buy foods from the market. Very few show interest in growing their own foods by investing some time because they can earn more money within that time if they do other work.

I think it the time to kick out useless paper cash from our economy came. The current economic system has proved to be a massive failure. A petrodollar is nothing but a valueless piece of paper that is backed by fake promises and assets that don't exist. Govt just fooling us by printing more paper which devalued our assets continuously. A cashless economy and blockchain need to be implemented for better transparency.

He said Tesla did this to get more cash for these terrible market conditions. When others increase their portfolio size they sell it off. I think this is good for a better future in the crypto space. It will be good to have 1k BTC in 1k people's hands than having all this BTC in a single hand. They will not be able to manipulate the market that much if the coin is distributed widely rather than sitting into a small group of people.

Yes, we are witnessing the end but not for crypto. Many things will be ended by crypto. The unethical intervention of govt to our economy, one country's currencies sovereignty, force, and unreasonable tax implementation from the govt and many more. This all will be fade away once the whole society adopt decentralized economy.

Right now we are seeing some downside of it but that's normal. Gradually we will overcome this type of problems and the market will be more matured over time.

Let them do whatever they can. It is not the first time countries tried to restrict the use of BTC among their people by discouraging them with various actions. This is the beauty of decentralization. You can see it, you can feel it, you can use it but you can not control it. It's like the wave of the river. If you try to stop it in one way it will find another way because its only destination is to move forward.

We are in a fast-evolving world and crypto is evolving into something totally different than the world has ever seen. I am not afraid of new innovations. I like it and I want to explore it.

Everything is going in the favor of bitcoin. Now people are forced to find alternatives to paper cash. Most people will go for metal and real estate now but the smart one will go for crypto. There won't be so long when most people want to be a bitcoiner but it will be so late for most of them. I consider myself so lucky that I am so early than most of the people out there.