Pi Network has been making waves on Twitter over the Mainnet migration of Pi coins for the participants that has passed their KYC Identity Verification, recently.
Update on Pi KYC Process
Pioneers, if you are yet to see KYC NOTIFICATION on your Pi mining Account Homescreen especially each time you want to mine, ALTERNATIVELY go to Pi Browser and tap on KYC icon to see if notification will pop up.
Do this regularly both in the DAY TIME and in the NIGHT Time. Ensure your ID DOCUMENT is ready and valid. Also ensure room is well lit with light because of capturing of your document and taking of selfie.
Some people have been using the Pi Browser route to get KYC NOTIFICATION but you have to keep trying it all the time till it pops up. Do not give up yet because the CoreTeam are trying to speed up the KYC process. KYC is the only WAY TO MIGRATE TO MAINNET TO ENABLE YOU USE YOUR PI.
Regarding the Consensus Price of Pi, a Pioneer identified as Alexander stated that, “Pioneers should accommodate everyone during this period even if you don’t agree with them. This is a period of building trust and trust is achieved with each successful transaction. $300 – $314,159 is ok. Ensure you back any consensus you agree with with a goods and service. Higher Consensus also means providing more goods and services to back it up.”
Another Pi Network user identified as Shepherd, posted; “Now You Can See Why We Want Our Consensus Price To Be As High As Pi = $314,159.If Pi Price Was So Little, Maybe A Dollar To $100 Or Less. People Will Quickly Spend It. Imagine Buying A Phone For 100π. That’s Too Much, You Would Spend All Your Pi In Less Than A Month And All Pi Goes Into The Hands Of The Rich. But When It’s So High, It Won’t Be That So Easy To Be Spent Over A Period Of Time.
You’re From Tanzania, Right? Or Maybe Some Other African Country,I Want You To Convert $314,159 Into Your Local Currency And See How Much 1π Is Worth. And Then Think About How Many Years It Can Take You To Spend $314,159? Or Since In The Beginning Of This Year, Have You Spent Money UpTo That Amount ($314,159)?
It Will Take A Very Long While Before Merchants And Rich Folks Gets All The Pi From Pioneers. This Is What We’re Trying To Tell The Community But Yet Many People Don’t Understand, Instead They Are Saying The Price Is Too High. And Many Just Agree With That Value Because They Want To Become Very Rich.
The Consensus Price of 1Pi = $314,159 Is Not About The Becoming Rich ,It’s About Protecting Pioneers From The Rich. It Will Help Pioneers Not To Quickly Spend All Their Pi ,At Least It Will Take A Very Long While Before The Rich Owns A Large Share Of Pi On The Network. I’m Sure You Know That In Most Crypto Project, The People With The Highest Stake (Money) In The Project Can Control It Market, Price And Value. So $314,159 Will Still Give The Power To The Community. There Will Be No Room For The Rich Folks And Whales To Highjack Pi And Take Over The Ecosystem.
Firstly, Mining of Pi Will Continue Even Up To The Next 50 Years. Only Challenge Would Be That Mining Rate Will Be Too Slow. At Some Point In The Future, It Will Take Months To Mine UpTo 1π.
Secondly, We Have The Liquidity Pool Where Pioneers Can Always Buy Pi, So Nobody Is Gonna Run Out Of Pi. Even Merchants Will Invest In The Liquidity Pool To Make Pi Available For Pioneers To Buy While The Merchants Will Also Earn Interest For Providing Liquidity. So It’s A Two Ways To Earn Money Now If You’re A Merchant. Provide UTILITIES By Offering Goods And Services. And Also Provide LIQUIDITY By Staking Pi In The Pool For Traders To Trade Pi.
Thirdly, We Have The Lock Up, Which Will Help Pioneers To Save More Pi And Spend Less. When The Lock Up Feature Was Introduced Newly,A Lot Were Sad And Angry,They Didn’t Really Understand The Importance Of The Lock Up.
Fourthly, Exchanges Don’t Run Out Of Crypto .There’s Got To Be Exchanges That Will Always Buy & Sell Pi During The Open Network. Most People On The Exchanges Will Always Take Pi To Be Listed There For Trading. This Way, People Can Always Buy Pi. Many People Are Not Interested In Holding Pi For A Long Term. Most People Will Only Buy Cheap From Pioneers And Sell High To Another Pioneer. Buy Again And Sell High,The Circle Repeats And Goes Round And Round. There’ll Always Be Pi To Buy And Sell.
Lastly, Even If Pi Is In The Hands Of The Rich, They Rich Will Look For More Ways To Increase Their Wealth By Listing Pi On The Exchanges For People Go Buy At A More Expensive Higher Rate. The Future Of Pi Is Bright. People Only Need To Understand And Study More About Pi Network. That’s Just It, Education Is The Thing. Get To Know More About Pi And Then You’ll Understand More About Why We Want To Value Pi At A Higher Rate. Since We Want To Use Pi As Money. We Don’t Want Anybody To Run Out Of Pi Too Soon. At Least With The Rate Being So High, It Will Take A Significant Amount Of Time To Spend All Your Pi.”
When you are in the US, you spend the dollar in exchange for goods and services. When you are in Nigeria you exchange your Naira with goods purchased. Same goes for the Ghanaian Cedi, the Saudi Riyals, the Canadian Dollars and what have you. Unless you are out of those countries you won’t even need to exchange your money to another currency before you spend it most of the times.
Why do you now need to change your pi to a currency before you spend it? Let’s encourage one another to utilize this rare opportunity and make the pi a global currency. At least you don’t need to change the pi to any currency to spend it since you can easily use it as a means of exchange to buy goods/services.
Pi is a global currency my people, no single Government owns it. It’s me and you that own the pi. We are the Government hence the pi knows no boundaries. Don’t be hell bend on selling the pi for some other currency (at least this is the essence of this enclosed mainnet and even beyond). The only means of earning the Pi should be by either mining it or via trade by barter as far as the trade by barter is concerned. It’s that simple. Value the Pi my people. It’s for our own good.
- Difference between Transfer and Withdraw of Bitcoin (BTC) from the $CORE (BTCs Satoshi) Mining App ~ Verified!!!
Need clarification regarding the earning of Bitcoin (BTC) daily from the Core (BTCs) Mining, rush and join the Telegram Group to meet other active participants, Telegram Announcement Channel, and the BTCs Twitter Community. Goodluck crypto enthusiasts.