Pi network - page 3. | Bitcointalksearch.org

befxtrader

newbie

Activity: 22

Merit: 0

Quote from: cryptosavage on July 30, 2019, 04:46:24 AM

Hey guys

I would like to share with you this new project, where you basically get free tokens for mining with your phone.

Early adopters get an advantage, because they can mine at a higher rate. After we reach 1M users, mining rewards will be halved.
What you need to start:
1. 0$
2. A smartphone
3. To download an app. You can download it on Google Play or App store by searching pi network or go to https://minepi.com and find the download link.
4. Invitation code. You need the code to finish registration. Your invitation code is: Mntt

Mining this cryptocurrency doesn‘t drain your battery, because their consensus algorithm is based on the Stellar Consensus Protocol (SCP) and algorithm called Federated Byzantine Agreement (FBA). Check out their whitepaper to learn more.

Have fun!

Sounds great but i have two questions. Could you explain how will these tokens be worth anything? and how do you plan to reach 1M users?

yanika1

newbie

Activity: 28

Merit: 0

Quote from: BQ on August 02, 2019, 06:21:40 AM

Quote from: cryptosavage on August 02, 2019, 06:03:11 AM

Quote from: BQ on August 01, 2019, 06:26:48 PM

So why would these free tokens ever be worth anything?
Is it going to be adapted by people to use for what, payments and in the future it will have value?
Just because it can be mined on phones?

I've seen this spammed a lot lately and I'm not getting why people would use this.
The only people who has reason to promote it is those who get the free tokens early on in hopes of it being worth something later.

Yes of course we hope it will be worth something, but best thing you need to invest 0$ so you lose nothing if this is worth nothing and project goes down.
Why I believe it can have success is that it is different from other mobile coins, Electroneum for example which uses proof of work and puts heavy pressure on your phone and battery. Mining pi is effortless because of their consensus algorithms.

But ask yourself, why would anyone ever use this? Really.
Because it's different from other mobile coins. So what? Users who are going to use it to transact (the people who would buy your tokens) wouldn't care right.

I think that the more users for each project the more chances it will succeed. Will be not hard to find the right way of application if lets say by spring 2020 PI Network has about 1 000 000 users.

cryptosavage

newbie

Activity: 22

Merit: 0

Quote from: Ayipaloh on August 15, 2019, 09:39:16 AM

One of the interesting things I've heard from the Minepi network is that there is a Stanford PHD there, but I don't know for sure what they are doing. Can the OP explain a little about them?

So the team consists of 3 members right now: Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, Vincent McPhillip. You can google them and find Linkedin's, and other information about them, they seem legit as Dr. Nicolas Kokkalis (head of tech) is teaching about blockchain app design and decentralized apps.
Few days ago they announced in the app, that they are searching for people who can contribute to the project in many areas. You can download an app, register and take the survey and contribute to the project if, of course, this is interesting to you.

cryptosavage

newbie

Activity: 22

Merit: 0

Quote from: ovcijisir on August 16, 2019, 05:52:02 PM

I downloaded the app - you forgot to mention that it is needed to disclose your full name in order to claim the coins.

Yes you enter your full name, but you don't do KYC. Also, you can hide your name after registration, and only show your nickname.

ovcijisir

sr. member

Activity: 1491

Merit: 320

🐪

I downloaded the app - you forgot to mention that it is needed to disclose your full name in order to claim the coins.

Ayipaloh

jr. member

Activity: 42

Merit: 14

One of the interesting things I've heard from the Minepi network is that there is a Stanford PHD there, but I don't know for sure what they are doing. Can the OP explain a little about them?

cryptosavage

newbie

Activity: 22

Merit: 0

Well I think it is a lot better when you get introduced to a project where you can contribute, earn free tokens and you don't invest anything (except maybe a little time). Rather than get introduced to a project and you get pushed to buy something or invest, before you earn something. That is one of the reasons why I have joined.

BQ

member

Activity: 616

Merit: 53

CoinMetro - the future of exchanges

Quote from: cryptosavage on August 02, 2019, 07:18:49 AM

Quote from: BQ on August 02, 2019, 06:21:40 AM

Quote from: cryptosavage on August 02, 2019, 06:03:11 AM

Quote from: BQ on August 01, 2019, 06:26:48 PM

So why would these free tokens ever be worth anything?
Is it going to be adapted by people to use for what, payments and in the future it will have value?
Just because it can be mined on phones?

I've seen this spammed a lot lately and I'm not getting why people would use this.
The only people who has reason to promote it is those who get the free tokens early on in hopes of it being worth something later.

Yes of course we hope it will be worth something, but best thing you need to invest 0$ so you lose nothing if this is worth nothing and project goes down.
Why I believe it can have success is that it is different from other mobile coins, Electroneum for example which uses proof of work and puts heavy pressure on your phone and battery. Mining pi is effortless because of their consensus algorithms.

But ask yourself, why would anyone ever use this? Really.
Because it's different from other mobile coins. So what? Users who are going to use it to transact (the people who would buy your tokens) wouldn't care right.

You can ask this question for every project, bitcoin for example does it have a future? truly? with such wasteful mining algorithm. Many people would argue. Well it started from something, now it has reached some adoption. The same goes here, project looks good like many others, the main problem is how you reach global adoption. And having 200k + community right now in beta phase is a good start, which many projects even in top 100 coinmarketcap don't have and will go down eventually.

200k + community because..
hmm..
oh yeah, free tokens and referral system Undecided

cryptosavage

newbie

Activity: 22

Merit: 0

Quote from: BQ on August 02, 2019, 06:21:40 AM

Quote from: cryptosavage on August 02, 2019, 06:03:11 AM

Quote from: BQ on August 01, 2019, 06:26:48 PM

So why would these free tokens ever be worth anything?
Is it going to be adapted by people to use for what, payments and in the future it will have value?
Just because it can be mined on phones?

I've seen this spammed a lot lately and I'm not getting why people would use this.
The only people who has reason to promote it is those who get the free tokens early on in hopes of it being worth something later.

Yes of course we hope it will be worth something, but best thing you need to invest 0$ so you lose nothing if this is worth nothing and project goes down.
Why I believe it can have success is that it is different from other mobile coins, Electroneum for example which uses proof of work and puts heavy pressure on your phone and battery. Mining pi is effortless because of their consensus algorithms.

But ask yourself, why would anyone ever use this? Really.
Because it's different from other mobile coins. So what? Users who are going to use it to transact (the people who would buy your tokens) wouldn't care right.

You can ask this question for every project, bitcoin for example does it have a future? truly? with such wasteful mining algorithm. Many people would argue. Well it started from something, now it has reached some adoption. The same goes here, project looks good like many others, the main problem is how you reach global adoption. And having 200k + community right now in beta phase is a good start, which many projects even in top 100 coinmarketcap don't have and will go down eventually.

cryptosavage

newbie

Activity: 22

Merit: 0

Quote from: tiknack on August 01, 2019, 06:29:01 PM

Quote from: cryptosavage on July 30, 2019, 04:46:24 AM

After we reach 1M users, mining rewards will be halved.

Are you sure you ever will reach 10000000 users???

I dont know, but I know, that we reached 200k users yesterday, and number keeps increasing. Pretty good for a project that is still in beta phase.

BQ

member

Activity: 616

Merit: 53

CoinMetro - the future of exchanges

Quote from: cryptosavage on August 02, 2019, 06:03:11 AM

Quote from: BQ on August 01, 2019, 06:26:48 PM

So why would these free tokens ever be worth anything?
Is it going to be adapted by people to use for what, payments and in the future it will have value?
Just because it can be mined on phones?

I've seen this spammed a lot lately and I'm not getting why people would use this.
The only people who has reason to promote it is those who get the free tokens early on in hopes of it being worth something later.

Yes of course we hope it will be worth something, but best thing you need to invest 0$ so you lose nothing if this is worth nothing and project goes down.
Why I believe it can have success is that it is different from other mobile coins, Electroneum for example which uses proof of work and puts heavy pressure on your phone and battery. Mining pi is effortless because of their consensus algorithms.

But ask yourself, why would anyone ever use this? Really.
Because it's different from other mobile coins. So what? Users who are going to use it to transact (the people who would buy your tokens) wouldn't care right.

cryptosavage

newbie

Activity: 22

Merit: 0

Quote from: BQ on August 01, 2019, 06:26:48 PM

So why would these free tokens ever be worth anything?
Is it going to be adapted by people to use for what, payments and in the future it will have value?
Just because it can be mined on phones?

I've seen this spammed a lot lately and I'm not getting why people would use this.
The only people who has reason to promote it is those who get the free tokens early on in hopes of it being worth something later.

Yes of course we hope it will be worth something, but best thing you need to invest 0$ so you lose nothing if this is worth nothing and project goes down.
Why I believe it can have success is that it is different from other mobile coins, Electroneum for example which uses proof of work and puts heavy pressure on your phone and battery. Mining pi is effortless because of their consensus algorithms.

tiknack

jr. member

Activity: 197

Merit: 1

Quote from: cryptosavage on July 30, 2019, 04:46:24 AM

After we reach 1M users, mining rewards will be halved.

Are you sure you ever will reach 10000000 users???

BQ

member

Activity: 616

Merit: 53

CoinMetro - the future of exchanges

So why would these free tokens ever be worth anything?
Is it going to be adapted by people to use for what, payments and in the future it will have value?
Just because it can be mined on phones?

I've seen this spammed a lot lately and I'm not getting why people would use this.
The only people who has reason to promote it is those who get the free tokens early on in hopes of it being worth something later.

cryptosavage

newbie

Activity: 22

Merit: 0

don't miss out guys, still a good time to join

cryptosavage

newbie

Activity: 22

Merit: 0

Hey guys

I would like to share with you this new project, where you basically get free tokens for mining with your phone.

Early adopters get an advantage, because they can mine at a higher rate. After we reach 1M users, mining rewards will be halved.
What you need to start:
1. 0$
2. A smartphone
3. To download an app. You can download it on Google Play or App store by searching pi network or go to https://minepi.com and find the download link.
4. Invitation code. You need the code to finish registration. Your invitation code is: Mntt

Mining this cryptocurrency doesn‘t drain your battery, because their consensus algorithm is based on the Stellar Consensus Protocol (SCP) and algorithm called Federated Byzantine Agreement (FBA). Check out their whitepaper to learn more.

Have fun!

Topic: Pi network - page 3. (Read 1745 times)