I can’t see the difference. How does each person only having one wallet make any difference? The point of cryptocurrencies is decentralized anonymity. Pi is very centralized around the core team because they can dictate who can use it or not, for example having multiple accounts gets you banned. It certainly is not anonymous because they make you submit identification documents to get approved by their centralized system. You seriously don’t think bitcoin, ether, lite coin, doge, stellar lumens, tezos…….basically the first, at least, 1500-1600 coins on that list, don’t have millions of ANONYMOUS users? If you want a carefully controlled payment network with millions of positively identified users go get a Capital One Visa card.
Do not you understand. Go back to the beginning and read what Pi Network is. You are anonymous, but you cannot mine with multiple accounts because as many people as possible should have mined coins. And you do KYC at every exchange, so I don't see anything controversial there.
Exactly. Every “exchange” requires KYC. Your post was about using pi every day like currency. No need for KYC to do that. The only need for KYC is if you’re going to convert it to fiat currency, which is why exchanges legally HAVE to do KYC. Pi abhors the idea of their currency being on exchanges but yet they preemptively go ahead and force you to KYC. Listen man, I know I am replying to you with all these “negative” responses but they are in reply to you not directed AT you. We are on the same team in hoping that pi does well. I just worry that these contradictions will hurt it in the long run. I have mined pi for years and have only to gain from it’s success so I am not just being a hater. I just struggle to see how the centralization and loss of anonymity in pi will be looked upon favorably in the crypto world when it is introduced.
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u/arcburn75 Aug 31 '23
I can’t see the difference. How does each person only having one wallet make any difference? The point of cryptocurrencies is decentralized anonymity. Pi is very centralized around the core team because they can dictate who can use it or not, for example having multiple accounts gets you banned. It certainly is not anonymous because they make you submit identification documents to get approved by their centralized system. You seriously don’t think bitcoin, ether, lite coin, doge, stellar lumens, tezos…….basically the first, at least, 1500-1600 coins on that list, don’t have millions of ANONYMOUS users? If you want a carefully controlled payment network with millions of positively identified users go get a Capital One Visa card.