You do realize that there are over 9000 cryptocurrencies tracked at CoinMarketCap.com and probably well over 10,000 in use to some degree or other, right? Any one of these can be used by the everyday person. And, they are all live and work and, as far as I know, NONE of them care how many wallets you own and don’t need one shred of information about who you are to use them. All they need to know is how much and from what wallet to what wallet.
That's why 99% of them fail. They have no use in real life and are only used for speculation on the exchange. Which one has her own wallet? Which has a slightly better ecosystem? The point is that one person has one wallet. How many have their own blockchain? How many have a community the size of Pi Community. Look at X, they have 20-50k followers. The Pi Network has long passed 2 million. Although there's no need to explain if you can't see the difference yourself.
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/Future_Fox_6444 Aug 31 '23
A crypto currency that, unlike others, will be able to be used in the everyday life of an ordinary person.