GuShiio.com You don’t understand Pi, so you won’t have Pi.
Mining PI coins for 2000 days and nights to tell the other side of Pi that you and I don’t know.
Author: Golem, Odaily Planet Daily
The farthest distance in the world is that I am standing in front of you, and you insist on convincing me that Pi is a fraud.
On February 12, OKX, the world’s leading exchange, announced that it will open PI (PI) charging, and will simultaneously open PI/USDT spot trading when Pi Network launches and opens its main network on February 20. This news triggered a series of butterfly effects. Not only did many exchanges subsequently announce their support for PI, but Pi, which has been in existence for six years, has been named as a “pyramid scheme” many times by regulators during its development, and has often been ridiculed by Crypto Native, once again stood on the cusp of public opinion. Even the “largest firm in the universe” has been infected, and a 10-day “Do you want PI to go online?” was launched yesterday. Vote.
Veterans familiar with the Web3 world are surprised that Pi coins, which are criticized as stand-alone mining and have no on-chain verification, really have a main network. They lament that OKX and other exchanges will support such high-risk projects for user growth; People who have participated in Pi think that arrogant people in the encryption industry have never poached Pi and don’t understand Pi at all. They will only forward relevant memes and are biased against Pi-“If you don’t believe me, I don’t have time to convince you.”
So, what does the real Pi look like? It’s hard to know if we haven’t truly integrated into the Pi community. The last tweet from the founder of Pi Network on platform X will be released on September 21, 2021. The only channel to learn about Pi’s official activities is the official website blog and the official X account. Its team core and organizational members are hidden in the fog. There are also rumors that after years of operation, they have experienced a major transformation.
The current off-site price of PI coins fluctuates between 2-5USDT, and the “Manual Pending Order” form appears in the WeChat group from time to time.
According to the official blog, PiNetwork will officially launch and open its main network on February 20, allowing Pi to interact with other networks and applications. However, PI coins previously mined through mobile devices must pass KYC and successfully migrate to the main network before they can be transferred or traded independently.
As it approaches the launch and faces “authenticity verification”, in order to let readers better understand the whole picture of Pi, Odaily Planet Daily interviewed two “senior Pi friends” to learn how they joined and viewed Pi, their price expectations for PI and the next step. Operation plan… a glimpse of a slice of Pi’s story from the perspective of a witness.
A Yao: The elderly are relatively persistent and less impetuous
A Yao has been digging for PI coins for a total of 1694 days (nearly 5 years) since 2019. He has promoted Pi to hundreds of people on the Internet. After being unable to realize it and finding new opportunities, he gave up. Now he continues to buy PI coins outside the market.
Odaily: What channel did you first come into contact with Pi?
A Yao: I came into contact with Pi while playing “Disk”. At that time, I learned about this project through the promotion information in the WeChat group. I saw that the founder had a background from Stanford University and registered for free, so I decided to try it.
Odaily: Are the actual mining process and threshold for Pi high?
Ayao: The threshold for Pi is relatively low. At the beginning,”science” was not even needed. You can easily participate in mining by clicking on check-in every day. However, the coins dug cannot be withdrawn and traded. However, starting from the closed main network phase (December 28, 2021), KYC can be transferred after completing KYC and migrating to the main network. However, due to domestic policy reasons, KYC has also been difficult.
Odaily: Mining PI coins requires check-in every 24H. What made you insist on mining PI coins for 5 years?
A Yao: First of all, they were very optimistic about the blockchain and digital currency industry at that time, believing that there were opportunities to get rich at low costs; secondly, the founder’s background of Pi was well promoted at the time. The 2019 currency circle project had a background from Stanford University. It is valuable; third, mining PI coins is free, no capital cost is required, and it is simple to order a little every day; Finally, because Pi has a promotion mechanism, the more people you invite, the faster the mining speed. Therefore, there are many people working together, and everyone in the community has “brainwashed” each other to form a certain deep-seated consensus, making many people willing to invest in the long term.
Odaily: Is the promotion of Pi a pyramid scheme?
Ayao: Pi’s promotion model does not have a strict superior and subordinate structure like “Plate”. The motivation for promotion is more a spontaneous desire to increase mining speed. Many people promote it in the name of famous universities and well-known professors, and there is only a mining bonus with a level 1 recommendation relationship. At the beginning, some communities would translate English tutorials into Chinese for dissemination and promotion. However, as people did not see benefits, many groups gradually disbanded or were banned.
Odaily: Do you have offline activities or gatherings?
A Yao: I personally prefer online promotion, so I haven’t participated in offline gatherings much. However, Pi still carries out offline activities. In the past, there were promotion teams who liked to organize meetings between aunts and fathers, probably because online teaching was not easy.
Odaily: Is there a high proportion of young people or elderly people in your promotion process?
Ayao: Actually, at first, there were more young people, because at the beginning, they were all English documents, but young people were often impetuous and couldn’t see the benefits in the short term. They easily lost patience and gave up. Later, when the Chinese materials were improved and some “disk” organizations came in to promote Pi, the proportion of the elderly became higher, while the elderly were relatively persistent and less impetuous. Even if some of the later “plates” were withdrawn, the elderly friends did not waver in their confidence and spontaneously promoted them to their surroundings.
Odaily: What do you think of the overwhelming negative reports about Pi?
Ayao: It depends on everyone’s perception. Even though Bitcoin was strongly banned in China before, some people are still playing it. Pi itself is free to participate, and it was not circulated before, so the actual risk is not great. However, there is no way to avoid evil. Fraud exists in all industries and projects, but they are all isolated cases. At that time, when we promoted it, we mainly focused on free mining, rather than allowing participants to buy virtual coins.
Moreover, uncles and aunts generally promote them through channels such as relatives and friends, because they are familiar with each other and have a low probability of deceiving each other.
Odaily: How do you feel after Pi was recognized by mainstream exchanges? What are you going to do next?
A Yao: I feel very excited and see many Pi friends “reveling” in the circle of friends. Although I haven’t been deeply involved in a year myself, I am excited to see Picoin gain mainstream recognition, especially on the OKX exchange.
Nowadays, a small proportion of users who dig Pi have passed KYC, and even fewer have migrated coins to the main network. No one around me has yet completed this step. So in fact, most people don’t have coins in their hands, so I plan to buy a bottom position first.
Odaily: What do you think will be your expectations for the price of PI coin after it is launched?
A Yao: On OKX, the price must be at least 9USDT or more to be regarded as the first step to success. If not, I will basically judge that the project has failed.
Odaily: Do you think Pi will become second only to Bitcoin in the future?
Ayao: Pi’s vision is ambitious and aims to build a global payment system. Users can directly use Pi coins to conduct transactions around the world without having to convert them to other fiat currencies. But now there is a lot of controversy about Pi on the Internet. Although Pi’s network performance is indeed not as good as Solana, if Pi is successful, its price will definitely subvert everyone’s perception. I think its probability of success is more than 70%.
Deyou: Pi is essentially a zero-hit project, and the user base has exceeded many chains
Deyou has been involved in Pi network mining and promotion since 2019. It has been mining continuously for nearly 2000 days and promoting it to more than a thousand people.
Odaily: Can you introduce Pi in one sentence?
Deyou: Pi is a revolution, or an innovation in Web3, which was initiated by a senior blockchain professor at Stanford in the United States.
Odaily: When did you first come into contact with Pi?
Deyou: I came into contact with Pi in August 2019, and now I have been digging for nearly 2000 consecutive days. But I have been involved in the currency circle since 2015. I learned about Pi through WeChat Group chats and circles of friends. After in-depth research, I thought it was a good project, and later promoted it to more than 1000 people.
Odaily: What are the reasons why you insist on digging and promoting Pi?
Deyou: The reason why I promoted it was on the one hand that it could accelerate mining output, and on the other hand, it was called “Pi”, which gave me the feeling that it was a good project, otherwise it wouldn’t be called Pi. In addition, the project company has been insisting on it for so many years, but my subordinates and I haven’t invested a penny. We just work part-time promotion. Why don’t we insist on it?
Odaily: Do you have offline activities or gatherings?
Deyou: I have been promoting offline since 2020. The reason why I don’t promote it on the Internet is that I feel that information is interoperable and people who should register online have already registered, so I will start with the people around me.
But my team basically does not have offline gatherings, and I do not participate in large-scale offline activities, because the promotion is basically people around me and friends. However, there were many activities in Sichuan and Kunming before, but now that the main network is about to be launched, there are fewer meeting activities.
Odaily: How does your promotion team work?
Deyou: My team mainly relies on me for promotion. When I was in other industries, I had 10700 subordinates directly under me, but not all of these were transformed into digging Pi. The users who dug Pi were all pushed one by one from friends around me, so it was not very organized.
I have close to 2000 friends of team leaders who dig Pi, but in fact, team leaders are not a strict job setting. Anyone who has the ability to promote and want to dig more Pi coins can become team leaders. They don’t have to invest anything except time, and no one gives him extra financial incentives.
Odaily: What do you think of the overwhelming negative reports about Pi?
Deyou: I don’t think the reported things are necessarily accurate. Bitcoin was originally considered a Ponzi scheme, but today it is legal in many countries. Pi is essentially a zero-bar project. The project party has never required mandatory fees, but some people induce fraud during the promotion process, which is absolutely illegal.
However, there are almost no people around me who have been defrauded, because they are all under my control and will not come into contact with outside people.
Odaily: How do you feel after Pi was recognized by mainstream exchanges?
Deyou: I belong to the Buddhist branch of mining. Even if it is worthless, it is paying for my original desire. If it is valuable, it will be just a small wave of wealth to me. But I think going online is something to be happy about. Five or six years of hard work has finally paid off. I will not bring the coins I have dug up to the exchange. I will follow the footsteps of the project party.
Odaily: Do many people around you have migrated to the main network?
Deyou: Most of my team have passed KYC, but no more than 20% have migrated to the main network. Most of them have been locked up for one or three years.
Odaily: Are there more people coming to you to learn to dig Pi now? What age group are the new users in?
Deyou: First of all, there must be more people, but the new players brought by this popularity are still more middle-aged people. They are too old to know what is happening online.
Odaily: Are you organizing over-the-counter transactions? What is the price expectation for the PI coin online exchange?
Deyou: If there is a need, I can help contact over-the-counter transactions, mainly through WeChat. The average transaction price may be around 50 yuan per transaction.
The exchange is originally a place for hype. In fact, its price does not need to be cared about. According to the “official will”, the price of PI will not be lower than US$314159 in the end, because the official will ultimately support barter. If the price is too low, it will not support the ecology.
Odaily: What are your future expectations for the Pi project?
Deyou: I think we should at least support barter transactions. Pi has its own mall, which is full of spontaneous merchants. And I am also one of the 28000 merchants on which I will sell my winery’s wine in the future.
Odaily: Do you think Pi will become second only to Bitcoin?
Deyou: Bitcoin will always be the big brother. I have bought Bitcoin before, but I don’t know much about it as a whole. However, as a little brother, Pi has its own unique potential and uses. Although it cannot replace Bitcoin, its future prospects are very good. Pi’s user base has surpassed many chains in the blockchain.
