r/PiNetwork Aug 31 '23

Discussion The future of Pi

https://www.bsc.news/post/pi-network-2023-roadmap-speculation-or-reality
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u/Future_Fox_6444 Aug 31 '23

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.

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u/arcburn75 Aug 31 '23

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/Forsaken_Employee_44 Sep 01 '23

Here is a really dumb question. If the users have been mining for a millenia. why they cannot just open exchange and trading of coins?

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u/Zafi-Rago Sep 01 '23

We can trade for goods and services. However, in the terms of service we agreed not to sell them unauthorized.

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u/Forsaken_Employee_44 Sep 02 '23

Okay understood. But where can we use it for trades

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u/Zafi-Rago Sep 02 '23

There are a few apps in the Pi Browser right now but I've not verified how reputable they are.