Pi is a new digital currency with over 55 million members worldwide, developed by Stanford PhDs.
To claim your Pi,
follow this link:
https://minepi.com/piminingworldwide
and add ⬇️
" piminingworldwide "
as your INVITE CODE
to get 🫵your first 1π for free.
https://minepi.com/piminingworldwide
Learn more and SHARE
@pi_mining_community
To claim your Pi,
follow this link:
https://minepi.com/piminingworldwide
and add ⬇️
" piminingworldwide "
as your INVITE CODE
to get 🫵your first 1π for free.
https://minepi.com/piminingworldwide
Learn more and SHARE
@pi_mining_community
❤2👍1
Join the Pi (π) Network – Mine Cryptocurrency on Your Phone!
Curious about cryptocurrency but not sure where to start? Pi Network makes it easy! Pi is a new digital currency that you can mine directly from your phone – no expensive equipment, no energy consumption. All you need is a tap a day to earn Pi, even while your phone is idle.
Why Join Pi?
Free & Easy: Start earning Pi without spending a dime. Just download the app and tap to mine.
Eco-Friendly: Pi uses a unique consensus algorithm that’s light on energy, making it sustainable for the future.
Join a Thriving Community: Over 100 million members worldwide are already growing the network. Invite friends, grow your team, and increase your earnings!
Future Potential: Get in early! Pi is still in its development phase, and pioneers like you are helping to shape the future of this cryptocurrency.
get 🫵your first 1π for free,
by clicking link below
https://minepi.com/piminingworldwide
and add
CODE:
PIMININGWORLDWIDE
to receive your first π
LEARN MORE
Curious about cryptocurrency but not sure where to start? Pi Network makes it easy! Pi is a new digital currency that you can mine directly from your phone – no expensive equipment, no energy consumption. All you need is a tap a day to earn Pi, even while your phone is idle.
Why Join Pi?
Free & Easy: Start earning Pi without spending a dime. Just download the app and tap to mine.
Eco-Friendly: Pi uses a unique consensus algorithm that’s light on energy, making it sustainable for the future.
Join a Thriving Community: Over 100 million members worldwide are already growing the network. Invite friends, grow your team, and increase your earnings!
Future Potential: Get in early! Pi is still in its development phase, and pioneers like you are helping to shape the future of this cryptocurrency.
get 🫵your first 1π for free,
by clicking link below
https://minepi.com/piminingworldwide
and add
CODE:
PIMININGWORLDWIDE
to receive your first π
LEARN MORE
❤1👍1
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π
The Story Of Pi
- The First Digital Currency You Can Mine On Your Phone.
get 🫵your first 1π for free,
by clicking link below
https://minepi.com/piminingworldwide
and add
CODE:
PIMININGWORLDWIDE
to receive your first π
Learn more and SHARE
@pi_mining_community
The Story Of Pi
- The First Digital Currency You Can Mine On Your Phone.
get 🫵your first 1π for free,
by clicking link below
https://minepi.com/piminingworldwide
and add
CODE:
PIMININGWORLDWIDE
to receive your first π
Learn more and SHARE
@pi_mining_community
👍2🙏1
1/2
Whitepaper: March 2019 Original
Introduction
Preface
As the world becomes increasingly digital, cryptocurrency is a next natural step in the evolution of money. Pi is the first digital currency for everyday people, representing a major step forward in the adoption of cryptocurrency worldwide.
Our Mission: Build a cryptocurrency and smart contracts platform secured and operated by everyday people.
Our Vision: Build the world’s most inclusive peer-to-peer ecosystem and online experience, fueled by Pi, the world’s most widely used cryptocurrency.
DISCLAIMER for more advanced readers: Because Pi’s mission is to be inclusive as possible, we’re going to take this opportunity to introduce our blockchain newbies to the rabbit hole 🙂
Introduction: Why cryptocurrencies matter
Currently, our everyday financial transactions rely upon a trusted third party to maintain a record of transactions. For example, when you do a bank transaction, the banking system keeps a record & guarantees that the transaction is safe & reliable. Likewise, when Cindy transfers $5 to Steve using PayPal, PayPal maintains a central record of $5 dollars debited from Cindy’s account and $5 credited to Steve’s. Intermediaries like banks, PayPal, and other members of the current economic system play an important role in regulating the world’s financial transactions.
However, the role of these trusted intermediaries also has limitations:
Unfair value capture. These intermediaries amass billions of dollars in wealth creation (PayPal market cap is ~$130B), but pass virtually nothing onto their customers – the everyday people on the ground, whose money drives a meaningful proportion of the global economy. More and more people are falling behind.
Fees. Banks and companies charge large fees for facilitating transactions. These fees often disproportionately impact lower-income populations who have the fewest alternatives.
Censorship. If a particularly trusted intermediary decides that you should not be able to move your money, it can place restrictions on the movement of your money.
Permissioned. The trusted intermediary serves as a gatekeeper who can arbitrarily prevent anybody from being part of the network.
Pseudonymous. At a time when the issue of privacy is gaining greater urgency, these powerful gatekeepers can accidentally disclose — or force you to disclose — more financial information about yourself than you may want.
Bitcoin’s “peer-to-peer electronic cash system,” launched in 2009 by an anonymous programmer (or group) Satoshi Nakamoto, was a watershed moment for the freedom of money. For the first time in history, people could securely exchange value, without requiring a third party or trusted intermediary. Paying in Bitcoin meant that people like Steve and Cindy could pay each other directly, bypassing institutional fees, obstructions, and intrusions. Bitcoin was truly a currency without boundaries, powering and connecting a new global economy.
Introduction To Distributed Ledgers
Bitcoin achieved this historical feat by using a distributed record. While the current financial system relies on the traditional central record of truth, the Bitcoin record is maintained by a distributed community of “validators,” who access and update this public ledger. Imagine the Bitcoin protocol as a globally shared “Google Sheet” that contains a record of transactions, validated and maintained by this distributed community.
The breakthrough of Bitcoin (and general blockchain technology) is that, even though the record is maintained by a community, the technology enables them to always reach consensus on truthful transactions, insuring that cheaters cannot record false transactions or overtake the system. This technological advancement allows for the removal of the centralized intermediary, without compromising transactional financial security.
Whitepaper: March 2019 Original
Introduction
Preface
As the world becomes increasingly digital, cryptocurrency is a next natural step in the evolution of money. Pi is the first digital currency for everyday people, representing a major step forward in the adoption of cryptocurrency worldwide.
Our Mission: Build a cryptocurrency and smart contracts platform secured and operated by everyday people.
Our Vision: Build the world’s most inclusive peer-to-peer ecosystem and online experience, fueled by Pi, the world’s most widely used cryptocurrency.
DISCLAIMER for more advanced readers: Because Pi’s mission is to be inclusive as possible, we’re going to take this opportunity to introduce our blockchain newbies to the rabbit hole 🙂
Introduction: Why cryptocurrencies matter
Currently, our everyday financial transactions rely upon a trusted third party to maintain a record of transactions. For example, when you do a bank transaction, the banking system keeps a record & guarantees that the transaction is safe & reliable. Likewise, when Cindy transfers $5 to Steve using PayPal, PayPal maintains a central record of $5 dollars debited from Cindy’s account and $5 credited to Steve’s. Intermediaries like banks, PayPal, and other members of the current economic system play an important role in regulating the world’s financial transactions.
However, the role of these trusted intermediaries also has limitations:
Unfair value capture. These intermediaries amass billions of dollars in wealth creation (PayPal market cap is ~$130B), but pass virtually nothing onto their customers – the everyday people on the ground, whose money drives a meaningful proportion of the global economy. More and more people are falling behind.
Fees. Banks and companies charge large fees for facilitating transactions. These fees often disproportionately impact lower-income populations who have the fewest alternatives.
Censorship. If a particularly trusted intermediary decides that you should not be able to move your money, it can place restrictions on the movement of your money.
Permissioned. The trusted intermediary serves as a gatekeeper who can arbitrarily prevent anybody from being part of the network.
Pseudonymous. At a time when the issue of privacy is gaining greater urgency, these powerful gatekeepers can accidentally disclose — or force you to disclose — more financial information about yourself than you may want.
Bitcoin’s “peer-to-peer electronic cash system,” launched in 2009 by an anonymous programmer (or group) Satoshi Nakamoto, was a watershed moment for the freedom of money. For the first time in history, people could securely exchange value, without requiring a third party or trusted intermediary. Paying in Bitcoin meant that people like Steve and Cindy could pay each other directly, bypassing institutional fees, obstructions, and intrusions. Bitcoin was truly a currency without boundaries, powering and connecting a new global economy.
Introduction To Distributed Ledgers
Bitcoin achieved this historical feat by using a distributed record. While the current financial system relies on the traditional central record of truth, the Bitcoin record is maintained by a distributed community of “validators,” who access and update this public ledger. Imagine the Bitcoin protocol as a globally shared “Google Sheet” that contains a record of transactions, validated and maintained by this distributed community.
The breakthrough of Bitcoin (and general blockchain technology) is that, even though the record is maintained by a community, the technology enables them to always reach consensus on truthful transactions, insuring that cheaters cannot record false transactions or overtake the system. This technological advancement allows for the removal of the centralized intermediary, without compromising transactional financial security.
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Benefits Of Distributed Ledgers
In addition to decentralization, bitcoin, or cryptocurrencies in general, share a few nice properties that make money smarter and safer, although different cryptocurrencies may be stronger in some properties and weaker in others, based on different implementations of their protocols. Cryptocurrencies are held in cryptographic wallets identified by a publicly accessible address, and is secured by a very strong privately held password, called the private key. This private key cryptographically signs transactions and is virtually impossible to create fraudulent signatures. This provides security and unseizability. Unlike traditional bank accounts that can be seized by government authorities, the cryptocurrency in your wallet can never be taken away by anyone without your private key. 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). Some of the cryptocurrencies can even support atomic transactions. “Smart contracts” built atop these cryptocurrencies do not merely rely on law for enforcement, but directly enforced through publicly auditable code, which make them trustless and can potentially get rid of middlemen in many businesses, e.g. Escrow for real estate.
Securing Distributed Ledgers (Mining)
One of the challenges of maintaining a distributed record of transactions is security — specifically, how to have an open and editable ledger while preventing fraudulent activity. To address this challenge, Bitcoin introduced a novel process called Mining (using the consensus algorithm “Proof of Work”) to determine who is “trusted” to make updates to the shared record of transactions.
You can think of the mining as a type of economic game that forces “Validators” to prove their merit when trying to add transactions to the record. To qualify, Validators must solve a series of complex computational puzzles. The Validator who solves the puzzle first is rewarded by being allowed to post the latest block of transactions. Posting the latest block of transactions allows Validators to “mine” a Block Reward – currently 12.5 bitcoin (or ~$40,000 at the time of writing).
This process is very secure, but it demands enormous computing power and energy consumption as users essentially “burn money” to solve the computational puzzle that earns them more Bitcoin. The burn-to-reward ratio is so punitive that it is always in Validators’ self-interest to post honest transactions to the Bitcoin record.
Join HERE
https://minepi.com/piminingworldwide
Learn more and SHARE
@pi_mining_community
Benefits Of Distributed Ledgers
In addition to decentralization, bitcoin, or cryptocurrencies in general, share a few nice properties that make money smarter and safer, although different cryptocurrencies may be stronger in some properties and weaker in others, based on different implementations of their protocols. Cryptocurrencies are held in cryptographic wallets identified by a publicly accessible address, and is secured by a very strong privately held password, called the private key. This private key cryptographically signs transactions and is virtually impossible to create fraudulent signatures. This provides security and unseizability. Unlike traditional bank accounts that can be seized by government authorities, the cryptocurrency in your wallet can never be taken away by anyone without your private key. 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). Some of the cryptocurrencies can even support atomic transactions. “Smart contracts” built atop these cryptocurrencies do not merely rely on law for enforcement, but directly enforced through publicly auditable code, which make them trustless and can potentially get rid of middlemen in many businesses, e.g. Escrow for real estate.
Securing Distributed Ledgers (Mining)
One of the challenges of maintaining a distributed record of transactions is security — specifically, how to have an open and editable ledger while preventing fraudulent activity. To address this challenge, Bitcoin introduced a novel process called Mining (using the consensus algorithm “Proof of Work”) to determine who is “trusted” to make updates to the shared record of transactions.
You can think of the mining as a type of economic game that forces “Validators” to prove their merit when trying to add transactions to the record. To qualify, Validators must solve a series of complex computational puzzles. The Validator who solves the puzzle first is rewarded by being allowed to post the latest block of transactions. Posting the latest block of transactions allows Validators to “mine” a Block Reward – currently 12.5 bitcoin (or ~$40,000 at the time of writing).
This process is very secure, but it demands enormous computing power and energy consumption as users essentially “burn money” to solve the computational puzzle that earns them more Bitcoin. The burn-to-reward ratio is so punitive that it is always in Validators’ self-interest to post honest transactions to the Bitcoin record.
Join HERE
https://minepi.com/piminingworldwide
Learn more and SHARE
@pi_mining_community
👍2👏1
Whitepaper:
December 2021
Chapters with March 2022 Rewards Issuance Formula
Token Model and Mining
Note: These 2021 Whitepaper chapters are an addendum to the original 2019 Whitepaper, with additional information on Pi Network’s Mainnet launch.
Token Model and Mining
A well thought-out, sound token design is critical to the success of a cryptocurrency network. It has the potential to create incentives to bootstrap network formation and growth, build a utilities-driven ecosystem, and thereby support the cryptocurrency underpinning such a system. What a network incentivizes says a lot about what a network needs—for example, network growth or fundamentals-driven utility creation, a mere store of value or a medium of exchange for the cryptonative ecosystem. This chapter covers the supply of Pi and how Pioneers can mine Pi in different phases of the network, and the underlying design rationale for different mining mechanisms including to build and grow the network and to incentivize the creation of a utilities-based ecosystem. Note that Pi is a layer one cryptocurrency running on its own blockchain, which “token” here refers to.
Join HERE
https://minepi.com/piminingworldwide
Learn more and SHARE
@pi_mining_community
December 2021
Chapters with March 2022 Rewards Issuance Formula
Token Model and Mining
Note: These 2021 Whitepaper chapters are an addendum to the original 2019 Whitepaper, with additional information on Pi Network’s Mainnet launch.
Token Model and Mining
A well thought-out, sound token design is critical to the success of a cryptocurrency network. It has the potential to create incentives to bootstrap network formation and growth, build a utilities-driven ecosystem, and thereby support the cryptocurrency underpinning such a system. What a network incentivizes says a lot about what a network needs—for example, network growth or fundamentals-driven utility creation, a mere store of value or a medium of exchange for the cryptonative ecosystem. This chapter covers the supply of Pi and how Pioneers can mine Pi in different phases of the network, and the underlying design rationale for different mining mechanisms including to build and grow the network and to incentivize the creation of a utilities-based ecosystem. Note that Pi is a layer one cryptocurrency running on its own blockchain, which “token” here refers to.
Join HERE
https://minepi.com/piminingworldwide
Learn more and SHARE
@pi_mining_community
👍2👏1
Pi is a new digital currency with over 55 million members worldwide, developed by Stanford PhDs.
To claim your Pi,
follow this link:
https://minepi.com/piminingworldwide
and add ⬇️
" piminingworldwide "
as your INVITE CODE
to get
🫵your first 1π for free!
https://minepi.com/piminingworldwide
Learn more and SHARE
@pi_mining_community
To claim your Pi,
follow this link:
https://minepi.com/piminingworldwide
and add ⬇️
" piminingworldwide "
as your INVITE CODE
to get
🫵your first 1π for free!
https://minepi.com/piminingworldwide
Learn more and SHARE
@pi_mining_community
👍1
1 π = 47$ worth
at this moment
(*8th oct 2024)
To claim your Pi,
follow this link:
https://minepi.com/piminingworldwide
and add ⬇️
" piminingworldwide "
as your INVITE CODE
to get
🫵your first 1π for free!
https://minepi.com/piminingworldwide
Learn more and SHARE
@pi_mining_community
at this moment
(*8th oct 2024)
To claim your Pi,
follow this link:
https://minepi.com/piminingworldwide
and add ⬇️
" piminingworldwide "
as your INVITE CODE
to get
🫵your first 1π for free!
https://minepi.com/piminingworldwide
Learn more and SHARE
@pi_mining_community
❤1🔥1👏1
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Pi (π) is a new digital currency with over 55 million members worldwide, developed by Stanford PhDs.
To claim your Pi (π),
follow this link:
https://minepi.com/piminingworldwide
and add ⬇️
" piminingworldwide "
as your INVITE CODE
to get 🫵your first 1π for free.
https://minepi.com/piminingworldwide
Learn more and SHARE
@pi_mining_community
To claim your Pi (π),
follow this link:
https://minepi.com/piminingworldwide
and add ⬇️
" piminingworldwide "
as your INVITE CODE
to get 🫵your first 1π for free.
https://minepi.com/piminingworldwide
Learn more and SHARE
@pi_mining_community
👍1👏1🙏1
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First countries, shops, restaurants starting to accept π cryptocurrency as payment & exchange...
Could this be the Future
after FIAT MONEY
crash / collapse❔
Support the NETWORK and start mining too, it is absolutely FREE
To claim your Pi (π)
follow this link:
https://minepi.com/piminingworldwide
and add ⬇️
" piminingworldwide "
as your INVITE CODE
to get
🫵your first 1π for free!
https://minepi.com/piminingworldwide
Learn more, share:
https://t.iss.one/pi_mining_community
Could this be the Future
after FIAT MONEY
crash / collapse❔
Support the NETWORK and start mining too, it is absolutely FREE
To claim your Pi (π)
follow this link:
https://minepi.com/piminingworldwide
and add ⬇️
" piminingworldwide "
as your INVITE CODE
to get
🫵your first 1π for free!
https://minepi.com/piminingworldwide
Learn more, share:
https://t.iss.one/pi_mining_community
❤1👍1🔥1
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Step by step GUIDE
• how to install
• what is needed
Support the NETWORK and start mining too, it is absolutely FREE
To claim your Pi (π)
follow this link:
https://minepi.com/piminingworldwide
and add ⬇️
" piminingworldwide "
as your INVITE CODE
to get
🫵your first 1π for free!
https://minepi.com/piminingworldwide
Learn more and SHARE
@pi_mining_community
• how to install
• what is needed
Support the NETWORK and start mining too, it is absolutely FREE
To claim your Pi (π)
follow this link:
https://minepi.com/piminingworldwide
and add ⬇️
" piminingworldwide "
as your INVITE CODE
to get
🫵your first 1π for free!
https://minepi.com/piminingworldwide
Learn more and SHARE
@pi_mining_community
❤1🙏1