I beg to differ on one point.
If you browse pi message board it's not centralized it's distribution is world wide.
Bitcoin is very centralized and poorly distributed
And is very rarely used as currency anymore.
It has become a stock option.
It may not replace the central banks but if people would look into its distribution theory
and see its not a pyramid scheme but designed to expand to one day a billion holders it would be alot closer to a usable currency than any of the other crypto I've found.
I think to many people are looking for a get rich
Quick thing anymore.
I should use sections of the white paper
Instead of the share option.
The share cut paste is to gimmicky and seems
Like a scam the way they have it set up.
The world is dropping the petro dollar so like it or not our currency is all but done for.
It has deflated to the point that hyper inflation is
Not to far in the future.
A one dollar gold coin is worth 875 as scrap.
People don't understand that it should only be worth a dollar as scrap. They think the cost of a car has went from 3500 in 1974 to 35000 today.
They don't get that the cost didn't go up the value of there money went down.
I understand what you are saying, but at this point--despite having an app and platform SDK--is a centralized app and platform--so maybe their decentralized control is a little aspirational right now.
Distribution and decentralization are two different things.
Bitcoin is a commodity and not used as a currency as it wasn't designed to settle transactions in the manner and rate accustomed to. A lot of newer cryptos use it as a underwriter to their value.
One of the world's first blockchains was Encryptanet which encrypted blockchain and provisions in a chained manner into a traditional certificate in the data field to be used for decentralized encryption verification with off the shelf SSL. Trying to explain blockchains to people in 2005 was a challenge. People kept want it to be a cryptocurrency, so we tied it to PayPal's micropayments program which made it a currency. Part of the reason it didn't take off and Bitcoin did was because the venture capitalists who funded it didn't want to lose control. You never get that "network effect" of people standardizing or buying into it if they think some critical piece is controlled by some group, company, or individual (or in your scenario even country).
Node
Coming soon!
Run the Pi mining software on your computer to help secure the Pi Blockchain based on security connections from Contributors.
It's coming beta version release to select contributors for testing.
Wallet to be here by end of month.
Cryptocurrencies are censorship resistant due to the decentralized nature because anyone can submit transactions to any computer in the network to get recorded and validated. Cryptocurrency transactions are immutable because each block of transactions represents a cryptographic proof (a hash) of all the previous blocks that existed before that. Once someone sends you money, they cannot steal back their payment to you (i.e., no bouncing checks in blockchain)
Yes they are still in first phase but the goal is wide spread coin holders.
I see your point but they have evolved the theory
As potential problems are brought up by contributors.
I beg to differ on one point. If you browse pi message board it's not centralized it's distribution is world wide. Bitcoin is very centralized and poorly distributed And is very rarely used as currency anymore. It has become a stock option. It may not replace the central banks but if people would look into its distribution theory and see its not a pyramid scheme but designed to expand to one day a billion holders it would be alot closer to a usable currency than any of the other crypto I've found. I think to many people are looking for a get rich Quick thing anymore. I should use sections of the white paper Instead of the share option. The share cut paste is to gimmicky and seems Like a scam the way they have it set up. The world is dropping the petro dollar so like it or not our currency is all but done for. It has deflated to the point that hyper inflation is Not to far in the future. A one dollar gold coin is worth 875 as scrap. People don't understand that it should only be worth a dollar as scrap. They think the cost of a car has went from 3500 in 1974 to 35000 today. They don't get that the cost didn't go up the value of there money went down.
I understand what you are saying, but at this point--despite having an app and platform SDK--is a centralized app and platform--so maybe their decentralized control is a little aspirational right now.
Distribution and decentralization are two different things.
Bitcoin is a commodity and not used as a currency as it wasn't designed to settle transactions in the manner and rate accustomed to. A lot of newer cryptos use it as a underwriter to their value.
One of the world's first blockchains was Encryptanet which encrypted blockchain and provisions in a chained manner into a traditional certificate in the data field to be used for decentralized encryption verification with off the shelf SSL. Trying to explain blockchains to people in 2005 was a challenge. People kept want it to be a cryptocurrency, so we tied it to PayPal's micropayments program which made it a currency. Part of the reason it didn't take off and Bitcoin did was because the venture capitalists who funded it didn't want to lose control. You never get that "network effect" of people standardizing or buying into it if they think some critical piece is controlled by some group, company, or individual (or in your scenario even country).
Node Coming soon! Run the Pi mining software on your computer to help secure the Pi Blockchain based on security connections from Contributors. It's coming beta version release to select contributors for testing. Wallet to be here by end of month. Cryptocurrencies are censorship resistant due to the decentralized nature because anyone can submit transactions to any computer in the network to get recorded and validated. Cryptocurrency transactions are immutable because each block of transactions represents a cryptographic proof (a hash) of all the previous blocks that existed before that. Once someone sends you money, they cannot steal back their payment to you (i.e., no bouncing checks in blockchain) Yes they are still in first phase but the goal is wide spread coin holders. I see your point but they have evolved the theory As potential problems are brought up by contributors.