Pi Network

[BBSA]

I’m seeing discussions around this Pi coin pop up everywhere. Probably because it’s started going online now and can be traded on exchanges, but seems everyone’s coins are locked up a while still, so no one has any real money yet.

What is the value proposition of this coin? What does the network actually do? What is the value proposition?

Because it seems like something anyone could mine on pretty much any device - so why would there be any value in something that is this easily obtainable?

From what I gather, the whole point of Pi coin is to make mining accessible to literally anyone, even from your phone. The idea is that by lowering the barrier to entry, you can build a massive, engaged community that might drive real-world use down the line. Right now, it's more about network-building than actual value, kind of like laying the foundation for something that could be useful later, whether that's for digital transactions or powering apps within its ecosystem.

That said, the flip side is exactly what you're wondering about: if it's so easy to mine, there might be an oversupply which could dilute its value if there isn't strong demand. Ultimately, its long-term worth will depend on how well the project can turn this early hype and community into practical, everyday utility. It's definitely an interesting experiment, but only time will tell if it can stand out in the crowded crypto space.

 

[SauRoNZA]

Im at 1320 , wonder if there is a way to change my "network" to one more active, none of the others that i initially joined with are active anymore

Yeah I also wonder if the more you add the more of a problem you make for yourself.

But then something is hopefully better than nothing.

Problem is I think you got a portion of what those people contributed over time so adding someone now is going to add very little.

 

[airborne]

Are these still essentially worthless at this point, what is the eta to them being traded?

 

[Timo_97]

It’s been tradable since Feb 20th. If you’ve got coins and would like to withdraw them:

- sign up for a Bitget Acc (or any exchange you trust)
- verify your KYC
- transfer coins from your pi wallet address to your Bitget wallet address
- sell the coins you wish to sell to USDT
- sign up for a Luno acc
- link your bank Acc and verify your KYC there (Luno)
- transfer your USDT coins to your Luno wallet
- withdraw to your bank acc

It’s pretty quick to withdraw once your KYC is already complete. In my case, the money is usually in my Acc within 10-15 min.

 

[Timo_97]

FYI, I had to register a new Acc to reply coz I couldn’t recall my old one

 

[EL'Diablo]

Brother irritated the crap out of me to keep mining this for years, i was off and on, sometime forgot for months at a time

But anywho, ended up with 728 migrated and locked Pi, unlock 11/11/2026, hope it holds some kind of value