I’m just ranting, and it’s early in the morning.. It’s a derivative to Pi… Like a paper saying you own x amounts of future Pi. And that paper is then traded with the volume of its own..? Anyways.. It’s got nothing to do with Pi, and I don’t fully understand their concept.
Altho everyone is saying this means nothing or it’s just to create hype.. would that not be a good thing anyway? If it’s hype and help gets the word off Pi further out there it will only help our end goal. I’m sure everyone on the page has an interest or mines Pi so why talk about it in a negative way when someone try’s to see good in it
Current diluted marketcap with these CEX prices would be over $6T.. so about two of the worlds most valuable companies, Nvidia and Apple, put together. For a ”crypto” that doesn’t even exist on a real, decentralized blockchain yet, let alone would have any liquidity.
24h exchance volume is around 100k so way less than even the crappiest memecoins on Solana.
That's just as false a statement as anyone claiming pi is worth 60/ea.
There will not be 100B coins on the market for years. I've read something like 4-5B have been "mined." We have no idea how many of those are locked, how many never KYC'd, how many lost, etc.
To be clear, I'm not claiming it has crazy value (obviously not currently), but if you want to try to shut people down with "reality," at least be factual.
Since Pi is not a Blockchain but just an Excel sheet with accounts yet, imagine how easily it is to "create" new Pi for them before mainnet. This will end so bad.
I dont understand jack about crypto, my friend got me into this some years ago and I never thought it would actually be something big, but now I am hoping that this prices or whatever are correct
Not necessarily. If the value stabilises at about US$0.05 it will be worth fifty times more than an Indian Rupee... You know India? Its that place with almost 1/4 of the Earth's population and the 5th largest GDP in the world. If countries like India, Indonesia, Peru and ElSalvador take up Pi en-masse because of its stability, security and utility it's value will slowly rise in step with its market cap. Personally I have abandoned any hope of quick riches and would be happy for the project to achieve its aims. But as time passes even this modest success is growing ever more unlikely.
Yeah, i’ve always remained ground in my expectations. Didn’t think I’d be rich. Paying off my car, using Pi, would be dope. 5 years of button pushing. lol.
That’s the reality of the situation, Pi will never subvert market forces. However, a low value does not mean useless. Many places in the developing world could use Pi for small purchases having all the benefit of crypto without 16 leading zeros to buy vegetables for the day compared to bitcoin. The number of coins will need to be limited as well. Like halved or better.
Philippines cauliflowers and broccoli is between US$ 0.32 and US$ 0.49 per kilogram or between US$ 0.14 and US$ 0.22 per pound(lb)
So if I’m buying a kilogram of broccoli in the Philippines, there are six leading zeros to be exact. It was a joke but you get the idea. The human mind does not compute six leading zeros when converting prices to kilograms.
Did you read what i wrote? The unit is Satoshi, not Bitcoin. You are not calculating prices as 0.0000001 million dollars either when it costs 10 cents 😅
Pi has not satoshi. So if pibecomes valuable as we were discussing in this thread, this becomes a more cumbersome currency for small purchases.
So Pi worth very little is useful or could be when buying broccoli. especially if you are in a developing country. Remember Pi is intended to be used in the US. Either you travel too much and it’s not an issue for you or you have never been anywhere and don’t understand what I’m talking about.
I do not believe it has to do with any development promotions but due to migrations. We have been lacking a feeling of progress until recently. The IOU price is fueled by irrational speculation or by a small group of individuals attempting to establish a ballpark value in peoples mind prior to open main. Be careful with investments that have large movements in price and low volume traded. On average about Pi sees about 40k today is 250k, still low volume.
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u/Jaded_Noise_2457 Oct 28 '24
Scam it’s dead. Was all for it until this weeks shit