Post by Roots

What makes the internet?

It's an open system for all, decentralised, resilient to attacks and full of competition.
If you have internet connection, you can access it.

Now we can apply the same concept into "cryptocurrencies" you use today. Is it permissionless? In most cases, yes. But can you acquire the coins without buying it?
Probably not, at least for most "cryptocurrencies" in the market.

You need an exchange to acquire it or you can mine it by building a mining machine. It's complicated for the average Joes. Well, maybe you lived in first world country that is not an issue to you…
What about the unbanked? What about the inclusive element of it? Do you think it can be the future of money if it can't be accessed by the whole world? The same goes for gold, not everyone can acquire or buy it but it has a value in our monetary system but it's not a money you use in your day-to-day basis. Even if you create a token that are backed by gold. The same logic will apply, not everyone can buy or access it.

In today world, if you have a device and internet connection you can access the internet.
But can you apply the same for "cryptocurrencies"?

That's why I invite you to think about this further. Are you truly wanting to "bank the unbanked"? Anyway, today topic is about searching for the global money.

The recent attempt by WorldCoin is a great initiative. But to make an account you'll need the Orb, that's very centralised in my opinion. It probably violates the securities law in some way. They might also be resilient of attacks if people can figure out a way to fake an iris scan. The bottom line is, it's very uncertain as of now.

In my opinion, the closest currency to be the future of money is Pi. Yes I insist that is the answer and I'll tell you why.

Pi Network is developed by Stellar Development Foundation. It is a non-profit organization. They are more likely to pass the securities law as followed by the recent XRP ruling that - non-institution distribution are more likely to not be a securities.

Now let's dive into how Pi Network works.
It's a cryptocurrency that is only accessible as long as you have a phone and internet connection. That sounds like the internet doesn't it?

They have solved the problem of bots through KYC solution. The downside of it is that only one human one wallet, sounds scary for the privacy guy I know. Who knows if that's the future of internet? One wallet, one account for all your internet consumption.

To start today, all you need is to download their app and you can start mining on their app (without consuming your battery or anything, it's just a time-based distribution system). Your earning of Pi depends on your contribution of the network (sounds like social credit score to me). That's the dream of the socialist (community driven mindset) that's for sure.

Lately the world are shifting towards more on community driven stuff, all these movement and what not. I do not necessary support them especially when they are extreme, but I see the trend of humanity gradually heading there. That's why I invite you to be open-minded about each others and maybe you'll learn something.

I want to convince more of what's possible for you. Or perhaps you haven't seen it coming.

Today Pi Network development have a Fireside Forum. It's like a new social media on its infancy stage. It's like Twetch as well, but they have more users than us. In fact, it's more like the start of Facebook. They have features just like us, we can tip people money (Pi coin) when people express themselves.
In their testnet, they have people around the communities that are trying to develop applications for the ecosystem.
Imagine if every person starts mining Pi, and people starts accepting it in their marketplace, restaurant etc. That's the vision we all always wanted, but still haven't achieved. I think Pi is very likely to be the one due to the easy access of it.

Anyway, this is what I think will be played out.

Pi Network today, also have the same issue of scaling. I think a big server farm will probably complement this lack of scaling issue. It might actually be BSV, due to the potential of it.
I don't want to dive deep into the esoteric of it. But I think it could be like a balance of for-profit and non-profit co-existing in the future.

I invite you to start mining today, it helps me grow my mining rate and also help you to start earlier. Currently, you can start mining without KYC first, when the main-net (official) comes… you'll need to KYC before to transfer the mined coins to the main-net. My suggestion is to wait and see, then you can KYC if you want.

Use my link
https://minepi.com/Roots117 and use my username (Roots117) as your invitation code.