Topic: Difference between pi and bitcoin (Read 624 times)

While I do agree that most of what you've said is true, PI isn't really a cryptocurrency based on what it is showing right now. They keep hiding in the shadows and telling people that it's a crypto but in reality, they're there to collect people's data. A lot of people have been fooled by this project and keeps on waiting for the right time for them to sell it on exchanges. But once the reality knocks them out, they will realize that there's no reality for this project and it won't get into exchanges.

1. Bitcoin can already be traded on exchange and Pi has not
2. Bitcoin does not require KYC and Pi must do KYC
3. Bitcoin already has a price and Pi does not yet have a price
4. Bitcoin is very popular and recognized as the king of cryptocurrency and Pi is only a part of cryptocurrency
5. Bitcoin is the main pioneer and Pi is just an imitator

If you're annoyed, I'd be more annoyed with a post comparing Pi to Bicoin. Even though Pi is a trash coin that will never Mainnet and always promises its members that the price of Pi is more than Bitcoin. Consensus pricing isn't unreasonable either. $314k is an insane price and who would buy at that price. They will only be crazy people promoting projects without looking at the facts. they became popular because of advertisements and support from people who do not understand what crypto is.

Comparing bitcoin to pi network is very wrong on so many levels.
You can't just compare a currency created to give the people their financial freedom to a coin that was merely created for the developer's personal gain.
I was really annoyed by how hard these people behind pi network was trying to compete with bitcoin when the reality is that, their not even close.
They have paid millions to advertise and spread the word all over the internet, that's where they become popular.

That is never going to happen, PI is not coming to any exchange because it is nothing more than a scam project that was created to first fool people by giving them free tokens and asking them to invite others so that they can have a huge userbase and then impose a rule that everyone has to complete KYC for the tokens to get released to the mainnet, lol. If they really had this plan, why didn't they share it in the beginning so that everyone could know?

Even if they don't scam their users, which is not very likely to happen, they are cheaters is all I can say, because they have cheated their users by not disclosing any KYC requirement in the beginning or not having any whitepaper with the project details and everything.

These are not fundamental differences, they are all flaws in the project at this point in time. I don't see the point at all in comparing bitcoin, which can show some result, and this project, which has nothing. All the advantages of PI are only on paper for now or they are planned for some foreseeable future.

No centralized project will ever be able to overtake bitcoin or compete with it somehow.

Pi Coin and Bitcoin are clearly different, because Pi Coin includes altcoins and Bitcoin is the first crypto currency created and predictions will be the currency of the future.
so it's very clear if you want to invest who really want high profits maybe Pi Coin can be an option because altcoins have higher volatility than Bitcoin,
but if you want to invest safely for the long term then Bitcoin is still the first choice.

apart from network issues the very visible difference between BTC and PI is that bitcoin is the most popular crypto and PI is an altcoin which is not clear until now. I can't compare the two in detail because until now I still don't understand about the altcoin called PI.

Lol how can you compare Pi to Bitcoin.  pi is completely shit coin. and I don't think its future is good and it is 0% secure. Bitcoin is 100% secure  And there is no chance of it being scam but no guarantee with Pi Network  it can be scam any time.  Who would consider Bitcoin and the PI network as same.  I would say that he has no knowledge about cryptocurrencies and bitcoin. There are many projects like Pi Network which provide mining facility so should we consider all projects as Pi or all as Bitcoin?

Comparing pi network to Bitcoin is a very big mistake, because pi network has a very long way to go, mostly for minner that is mine pi that can not transfer from one wallet to another, because of token been locked. Not talk of trading expect, well keep mining pi network, I'm not discouraging anybody but, I rather wait when the pi miner start selling and I we buy from the exchange.

Highlighting some key differences between Pi and Bitcoin. Here are a few points:
1. Technology: Bitcoin operates on a decentralized blockchain known as the Bitcoin network, while Pi is built on its own blockchain called the Pi Network.
2. Consensus Mechanism: Bitcoin uses a proof-of-work (PoW) consensus mechanism, which requires miners to solve complex mathematical problems to validate transactions and secure the network. Pi, on the other hand, currently uses a consensus algorithm called "Proof of Contributions" (PoC), which aims to leverage users' social connections and trust to secure the network.
3. Network Status: Bitcoin is a fully operational and globally recognized cryptocurrency, while Pi is in the early stages of development and has not yet launched its mainnet.
4. Accessibility: Bitcoin is widely accessible and can be traded on numerous cryptocurrency exchanges, while Pi is currently only available to users who have joined the Pi Network and are part of its closed testing phase.
5. Monetary Value: Bitcoin has established monetary value and can be bought, sold, and used as a medium of exchange. Pi, at its current stage, has no tradable value outside the closed testing phase.
6. Development Team: Bitcoin's development is driven by a decentralized community of developers, while Pi's development is managed by a centralized team.
7. Blockchain Structure: Bitcoin's blockchain consists of a transparent and immutable ledger of all transactions, while Pi's blockchain structure is yet to be fully disclosed as the project is still under development.

These points highlight some fundamental differences between Bitcoin and Pi. It's worth noting that Pi is still an emerging project, and its features and characteristics may evolve as it progresses. It's advisable to conduct thorough research and exercise caution when considering any cryptocurrency investment.

It's more likely a scam coin rather than stellar. I don't even know why you are seeing this as another stellar while the fact that if it's still being very far from stellar. Pi is not even live. All of coins traded in the various exchange sites were IOU.
that means if pi is likely a scam coin with only BS promise. Im happy to see police is starting to pay attention to this one. Pi was a garbage coin that will never be real. People just getting brainwashed by wastingtheir energy to mint something unreal.
I think that you shall put differentiate between legit coin like stellar compared with non exist coin like pi coin. The differences from both of pi coin is a scam coin.

As you suggest it is correct and worthwhile to combine information from multiple sources, do further research on the current status of the PI Network, and critically analyze the project underpinnings before making a decision regarding participation. meaning that whoever we are here really needs an easy investment and wants to be the first.

Many differentiate between those two, pi coin used proof of stake and delegate byzanthine consensus while bitcoin used proof of work to do the job ( validating the transaction ). Pi only another stellar, it is used stellar technology and we dont need another coin like stellar.

Yes, they believe that it will hit exchanges in future. Who miners submitted documents for KYC & got approved only they can transfer it one wallet to other wallet, so this is the only way to buy/sell it now if i'm not wrong. It’s SCAMMED coin but it’s also true that this coin is big hyped among massive number of peoples and it’s created a big community.

Many projects do not have their own blockchain, that is not an indicator of their dubiousness. The indicator is the method of distributing that token to investors, the presence of some big investors or whales, and the demand for the token. There are more than half a million different tokens and coins on the market, but only about 200 blockchains.

Your suspicion is reasonable. Opportunistic developers exploit people's hope and curiosity in this crypto world. KYC for access to a large user database might be troublesome for data gathering and misuse.

Not all KYC-required projects are scams. Distinguishing enterprises with real-world potential from those seeking a fast buck is difficult.

Comparing new projects to Bitcoin is premature and uninformed. Time, resilience, and a commitment to decentralization have won Bitcoin its unmatched place in the cryptocurrency industry. I appreciate your warning against naive faith in new projects, and I encourage people to do the same.

This could just be a bad joke. No one should trust a project that claims to be mining on mobile and offline. However, the most fundamental difference between them is that one is publicly available on its own blockchain, while the other does not have a blockchain of its own. I think this is an important enough difference to make sense of the issue. So, even comparing these two things with each other is a mistake in itself.

And this is where trust issues would be mold up on which on the time if the sale its been done on sending out coins on a certain wallet address and doesnt have that kind of smart contract thing about buying and recieving those tokens back or simply been put up on a launchpad for the buyers to be able to get those tokens on that specific period but seeing this Pi project then it is really that totally opposite.

Surprisingly that there are still people who do get fooled with this thing on which it doesnt really even have its own blockchain but there is a value but those are imaginary ones and something that only people
around really making out their own value. I do even see people who do bought up coins on something this kind of type without even trying out to realize on what legit project or coin do really have.
This is why noobs should really be making some indepth research so that they wouldnt really be ending up on investing on something shit because if they do then they would definitely be losing money.

Don't think that pi can ever reach to the position of bitcoin, because pi has not that much gain and as bitcoin was very steadily and fast grown in some years, and other most important thing about which is different is the strategies of both bitcoin as well as pi has too much difference.