If you follow the cryptocurrency market, or even have been just taking an interest lately, with the Bitcoin "halvening," you should check out Pi.

If you haven't heard of Pi, it's a new cryptocurrency (like Bitcoin), developed by a bunch of Stanford PhDs. What makes it really interesting is that you can still mine this coin, using just the processing power of your phone, unlike just about every other coin out there. (Contd)

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Why is it inactive on coinmarketcap, why is the website down, what’s the project about? Im getting bitconnect vibes with this one lol

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There was another project previously that had a similar name which I think is now debunk. They are very open about how they are not listed on an exchange, are worth zero dollars as of right now, and are still in early testing phases for viability. You can read the white paper if you download the app I know for sure and see a breakdown of their phases. As of right now you don’t buy anything so there is no risk of losing your own cash if that is what you are worried about, but I understand anyone who would not want to “mine” on their own personal device

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It’s not that new (I’ve been mining it for over a year) but it’s still early on. It has no way of transferring it or selling it. It’s more or less a no risk gamble. But also I’m guessing you want more people to join your security circle to increase your mining rate

likefunny

If that doesn't grab your attention, think about the fact that in 20I7 you could buy one Bitcoin for under $1,000. Now, Bitcoin is establishing a base price somewhere around the $9,000 range, and has a market cap of close to $180 billion. I've been mining it for a while, and currently have about 350 Pi. Even if Pi peaks at just $20 (when it's traded on exchanges), a fraction of Bitcoin's lowest value in the past 5 years, that's turning zero investment into $7,000... And I'm not done mining yet. Not by a long shot.

Right now you can only join with a invite key. If you’re interested shoot me a DM and I’m happy to share mine.

Cheers!

funny

DM me an invite please. Also for the novices, what do you mean by mining in this context 🙈

Is the coin intended to be for peer-to-peer payments and how many coins can be mined?

you can mine directly from your phone, you just simply let the app run in the background. I haven’t seen any battery drainage issue. In the future it will be for p2p I believe

So are we only able to mine it from our phone? Is the link to download the app so we mine on our phone or to purchase privately?

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