Odomodo Cryptocurrency News

16/03/2022

We are back with more trending news

25/05/2021

I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/odomodo and use my username (odomodo) as your invitation code.

Copied: Before mainnet the value of Pi will be determined. As far as I understand normally value is derived by;
1. CT ; credibility of the core team and their trustworthy to the society
2. Number of pioneers; since this is a first case of "reversal engineering " number of pioneers will also be a determinant. So far we are above 17m and the entire crypto users are 100m?
3. Ecosystem; the Dapps and other related services that would make a Pi user feels satisfied within Pi community hence no need to look outside will determine the value.
4. Infrastructure; the technology behind Pi, the use of Stellar Consensus Algorithm is also a factor
5. Goodwill; pi network has been in existence since 2019 thus that factor will also be considered.
6. Supply of coins; total number of issued coins
So all those factors will be considered to arrive to the value of Pi against $

Pi is a new digital currency being developed by a group of Stanford PhDs. For a limited time, you can join the beta to earn Pi and help grow the network.

03/01/2021

*Bitcoin Surges Above $30,000 For First Time Ever*

The blockchain currency has only been around for a decade or so, and in 2020 it has seen demand grow from larger U.S investors, attracted by its perceived inflation-hedging qualities and potential for quick gains Digital currency Bitcoin extended its record-smashing rally on Saturday, beginning the year with a surge over $30,000 for the first time, with ever more traders and investors betting that it is on its way to becoming a mainstream payment method. The price of the world's most popular cryptocurrency traded as high as $33,099 on Saturday, with almost all other markets closed over the first weekend in 2021.
It was last up about 12 per cent at $32,883. Bitcoin advanced more than 300 per cent in 2020, and with the latest leg higher has added more than 50% since crossing $20,000 just two weeks ago.

The blockchain currency has only been around for a decade or so, and in 2020 it has seen demand grow from larger U.S investors, attracted by its perceived inflation-hedging qualities and potential for quick gains, as well as expectations it would become a mainstream payments method. Investors said limited supply of bitcoin - produced by so-called "mining" computers that validate blocks of transactions by competing to solve mathematical puzzles - has helped power upward moves over recent days.Some also saw it as a safe-haven play during the COVID-19 pandemic, akin to gold.
"It's very likely that the asset will eventually pass $100,000 per coin," Sergey Nazarov, cofounder of Chainlink, a global blockchain project, wrote in an email on Saturday.

"People have been steadily losing faith in their government currencies for years, and the monetary policies resulting from the economic impact of the coronavirus have only accelerated this decline."It trades on numerous exchanges, the largest of which is Coinbase, which is itself preparing to go public and become the first such platform to list on Wall Street. Multiple competitor cryptocurrencies use similar blockchain, or electronic ledger, technology.
Ethereum, the second biggest, gained 465 per cent in 2020 and was up almost 7 per cent on Saturday.

31/12/2020

*Bitcoin Briefly Hits a New All-Time High, Blasts Through $29,000*( End of 2020)

Another December day, another ATH for Bitcoin. Will it hit the mythical $30,000 barrier by tomorrow, the first day of 2021?

Satoshi Nakamoto, whoever and wherever you are: have a happy 2021. Bitcoin is once again in the sights of politicians, philosophers, anarchists, traders, and institutional investors with massive amounts of money, thanks to a price performance that seems to forever reach new highs.
Of course, this being crypto, the price quickly retreated 3.6 percent.

Still, let us take a moment to mark the more historic occasion: Just one day away from the end of 2020, Bitcoin broke past $29,000, setting a new ATH of $29,321. The run propelled the price up by 7.35% in the last 24 hours alone—and a dizzying 24.76% in the last week.
In general, this bull run makes 2017 look like a bunch of cows grazing. Indeed, some fundamentals behind the movement provide the bulls with a little more confidence that this rise will be a bit healthier in the long run.

For starters, Bitcoin's halving generated a shortage of new tokens, which created upward price pressure. As time passes, the effects are felt more strongly.

More important however is the fact that institutional investors aren't playing games now. They are buying —and hodling— so much Bitcoin that they've left just 22% of the total supply available for traders. That further accentuates the shortage effect generated over the past few months, causing some FOMO among retail buyers.

Bitcoin is up 531% since the Covid crash of March. For some investors at least, 2020 wasn't a bad year.

30/12/2020

*WHY BITCOIN'S REVOLUTIONARY EXPERIMENT IS STILL IN ITS INFANCY 10 YEARS LATER*

'What it comes down to is whether you believe decentralisation has a future; whether cryptocurrencies have the potential to transform the financial industry,' one expert says

"I've been working on a new electronic cash system," someone by the name of Satoshi Nakamoto wrote exactly one decade ago. "[It's] fully peer-to-peer, with no trusted third party."

What Nakamoto went on to describe to the obscure mailing list of cryptographers and so-called 'cypherpunks' he was writing to, was a new form of money called bitcoin, which claimed to offer a revolutionary alternative to the traditional financial system.

The paper, titled 'Bitcoin: A Peer-to-Peer Electronic Cash System', explained how a computer network could support a decentralised cryptocurrency by replacing the need for banks with an online ledger known as a blockchain.

10 years later, bitcoin has grown into a payments network worth more than $100 billion, while simultaneously spawning more than 2,000 other cryptocurrencies and an entire industry of online exchanges, digital wallets and trading apps.

So how far has bitcoin really come since 2008 and how much further could it and other cryptocurrencies still go? On its 10th birthday, The Independent spoke with experts and analysts to understand the significance of Nakamoto's email that began it all.

A reaction to the 2008 financial crisis
Many bitcoin advocates point to the decentralised nature of bitcoin, meaning no bank or government controls its supply – a concept that had not been seen before on any significant scale before.

This means it is immune to mechanisms like quantitative easing, which saw trillions of dollars pumped into the economy following the 2008 financial crisis, as well as costly remittance fees when transferring funds internationally.

A nod to the instability of traditional banking was even included in the first block of bitcoins that was produced in early 2009. The text read: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." Nakamoto believed bitcoin could provide a solution.

"Bitcoin's birth in the depths of the financial crisis is not surprising. Many joined the bitcoin movement early on as a move against censorship and monetary control over cross-border payments," says Jonathan Levi, CEO of blockchain firm Hacera.

"The traditional financial system, that I was part of at the time, had got ahead of itself in the complexity of its products and risk oversight... Bitcoin and blockchain at its core is an incorruptible record of transactions, that's an idea that any regular person can get behind."

David Carlisle, head of community at the cryptocurrency intelligence firm Elliptic, echoes this view that cryptocurrencies offer a real solution to the problems associated with the financial industry.

“There’s a lot of talk about what bitcoin will and won’t achieve. Evangelicals and naysayers have been quick to pick sides, [but] what it comes down to is whether you believe decentralisation has a future; whether cryptocurrencies have the potential to transform the financial industry," he says.

“We believe that the enduring appeal of cryptocurrencies lies in their liberating and democratic nature; it is accessible to all, borderless, and offers fewer barriers to entry than traditional financial services."

Backing from the banks?
Given the subversive ideas embedded within Nakamoto's white paper, push back from the existing financial system was expected from the beginning.

Yet in order to truly take off, some believe that bitcoin and other cryptocurrencies need the support of the governments and banks that they seek to bypass. The backing from such institutions is already underway, at least in terms of bitcoin's underlying technology.

“Due to trying to take the market share away from one of the most important tools of power – money – central banks and governments all over the world tried to kill bitcoin, albeit unsuccessfully," Angel Versetti, CEO of blockchain firm Ambrosus comments.

"Having failed to kill bitcoin, they have decided to become its champions and proponents. Not only has this established Bitcoin as a unique financial phenomenon and a new asset and a social construct, but it also showed the resilience and power of the underlying technology, blockchain."

Achieving its promise
Bitcoin critics often point to the lack of mainstream adoption, which can be attributed to a variety of factors.

These include price volatility that makes it unsuitable to use as a day-to-day currency – or even a store of value – as well as its reputation as a tool for underworld criminals.

In order to overcome these challenges and achieve its potential, experts say certain industry regulation is needed, as well further technological progress with the network.

"In order to achieve any kind of mainstream adoption, crypto-enabled services need to be able to keep the bad guys out," Mr Carlisle says.

"Over the next 10 years, we’d like to see increased efforts to embrace compliance. No regulation means no rules, which creates an environment where laundering, fraud and other forms of illegal activity can thrive."

Whether or not bitcoin achieves success as a mainstream currency may be largely irrelevant when considering the ultimate impact of Nakamoto's white paper.

“The publishing of the bitcoin white paper by Satoshi Nakamoto a decade ago kickstarted a new era of technological innovation and global disruption that is continuing to this day. Through community consensus, bitcoin’s protocol has evolved through the years and has remained the standard for the cryptocurrency market and bitcoin purists," says Max Kordek, co-founder of blockchain startup Lisk.

"However, the white paper is also responsible for the emergence of the underlying blockchain technology. Back then, the technology was simply a concept, a potential vehicle for technological innovation and inspiration. Ten years later, we have a robust global community forging the path ahead, carrying the technology forward.

"Satoshi Nakamoto has inspired hundreds of dedicated teams around the world to build on his vision for a future powered by blockchain, a future in which individuals are empowered to bring real change to the world.”
(Odomodo)

30/12/2020

*BITCOIN PERFORMED 10 TIMES BETTER THAN GOLD IN 2020*

Cryptocurrency could be in the midst of the third great price rally in its history, market analysts predict

Bitcoin has risen in price by nearly 300 per cent in 2020, outperforming the combined gains of gold and the Dow Jones stock market by a factor of 10.

Recent gains have propelled the cryptocurrency to new record highs of close to $30,000 (£22,000), having traded below $5,000 as recently as March.

Bitcoin’s performance have led some analysts to speculate that we are in the midst of the third great price rally in its 11-year history, as investors increasingly view it as a form of “digital gold” rather than a speculative investment or cash alternative.

How bitcoin performed compared to gold, oil and Dow Jones
Since peaking in late 2017 at around $20,000, bitcoin spent the best part of two years in steady freefall before its resurgence in March this year.

Its bounce back coincided with the enforcement of lockdowns around the world, as the full extent of the Covid-19 pandemic began to be realised. With economies stalling, funds flooded out of stock markets and into gold and cryptocurrency.
The Dow Jones Industrial Average, which tracks the performance of 30 large companies listed on US stock exchanges, has since recovered and hit record highs on 29 December following an end-of-year rally spurred on by the signing of a $900 billion Covid relief package.

The stimulus package means the Dow is now up by 6.8 per cent since the start of the year, while oil is yet to recover from a major crash in April and is down by more than 20 per cent since January.

What caused the huge price surge?

Bitcoin was born out of the 2008 Financial Crisis as an innovative form of “peer-to-peer electronic cash” that was no longer reliant on governments or financial institutions to operate. It has another economic crisis – the worst since the Second World War – for its role as a store of financial value to be properly realised.

Mainstream adoption remains a long way off but investors increasingly refer to the notoriously volatile cryptocurrency as a safe-haven asset, with some analysts going as far as to call it “digital gold”.
The geopolitical uncertainty brought about by the coronavirus pandemic, which saw stock markets crash around the world, would typically see investors look towards stable assets like cash or gold.
While gold’s upward trajectory since March would attest to this, bitcoin’s bull-run has largely been the result of massive institutional investment moving into cryptocurrency.

Part of the reason for this is bitcoin’s finite supply – only 21 million units will ever exist – meaning it is not susceptible to artificial inflation techniques like quantitative easing.
Joining institutional investors have been other major players entering the market and buying up the limited number of bitcoins in circulation.

Among them is PayPal, which announced in October that it would open up cryptocurrencies to its roughly 350 million users worldwide in early 2021.

“Demand continues to outstrip supply and institutional investors continue to seek exposure to bitcoin hedge against inflation, both of which have helped to keep the price above $20,000,” Simon Peters, an analyst at the online investment platform eToro, told odomodo cryptocurrency news.

“Investors are recognising that, despite the rapid price rise grabbing headlines recently, bitcoin’s real potential remains as a long-term investment to be held for months if not years.”

Will bitcoin continue to rise in 2021?

Looking at past trends, some market analysts are hopeful it will continue to see massive growth before potentially crashing back down.

A leaked report from senior Wall Street analyst Tom Fitzpatrick in November predicted that bitcoin could hit $318,000 in 2021, followed by a “painful correction”.

The Citibank report, titled ‘Bitcoin: 21st Century Gold’, stated: “Improbable though that seems it would only be a low to high rally of 102 times (the weakest rally so far in percentage terms) at a point where the arguments in favour of bitcoin could well be at their most persuasive ever.”
Others believe that economic and geopolitical stability caused by the global roll-out of Covid-19 vaccination may see a shift away from cryptocurrency investment and back towards traditional markets.

The incoming Biden administration on 20 January could also bring with it a number of regulatory challenges that could restrict bitcoin’s growth in the short-term.

“While many expect the bitcoin rally to continue in 2021, I’m more concerned with what the Biden administration could mean for crypto,” Jesse Cohen, a senior analyst at Investing.com, told The Independent.

“Incoming Treasury Secretary Janet Yellen has previously warned investors about bitcoin during her time as Fed Chair, calling it a highly speculative asset and not a stable store of value.

“I expect bitcoin to remain highly volatile to the downside in the new year, given the potential for more scrutiny and tighter regulation. That should see prices fall back from their record highs."

29/12/2020

’s Market Cap Fell 63% After SEC Lawsuit. Here's How That Happened #

The SEC's lawsuit against Ripple cut $16 billion off of the market cap of XRP. Here's how XRP's market fell apart, piece by piece.

In brief
1. XRP's market cap has collapsed since the SEC lawsuit.

2. It fell even further once crypto companies started to cut ties with the coin.

3.Here's how that played out.

XRP's market cap has fallen by $16 billion, or 63%, since news of the US Securities and Exchange Commission’s lawsuit against Ripple Labs came to light on December 21.

The SEC's lawsuit alleges that Ripple Labs has raised $1.3 billion in unregistered securities since 2013 by selling XRP to investors, including those in the US.

Blow by crippling blow, the lawsuit collapsed the price of the coin after crypto exchanges suspended trading of the coin and crypto funds liquidated assets. Here’s how that happened.

A Tale of Woe
XRP had profited from Bitcoin’s bull run. On Thursday, December 17, the coin was riding high at a price of $0.6 and a market cap of $27 billion.

But when Ripple spread news of an upcoming SEC lawsuit at 1 am on December 21, all hell broke loose.
Ripple CEO Brad Garlinghouse, who the SEC named as a defendant in the lawsuit, alongside Ripple Labs and its co-founder, Christian Larson, told Fortune that the SEC was about to file a complaint against them that would allege they violated securities laws by selling XRP.

“It’s not just Grinch-worthy, it’s shocking,” Garlinghouse told Fortune. “It’s an attack on the entire crypto industry and American innovation.”
The coin had dropped to $0.5 by the time the SEC filed its lawsuit the next day. The complaint, as promised, alleged that Ripple, Larson and Garlinghouse held illegal, unregistered securities sales of XRP.

The complaint has a huge knock-on effect on the entire crypto industry. If the SEC could convince a judge that XRP constitutes an investment contract under US law, it could sue crypto companies that trade XRP or exchanges that facilitate the sale of the coin on similar grounds.

The price of XRP dropped swiftly following the SEC's announcement, made worse when several crypto companies announced they would cut ties with XRP or cease trading of the coin.

“Effective immediately, Beaxy Exchange is halting all XRP derived trading activity. Withdrawals will remain enabled until further notice,” a Beaxy press release said on December 22, 2020.

Beaxy was one of the first exchanges to delist the coin, and others followed shortly thereafter. On December 23, 2020, the price of XRP closed at $0.26 after Galaxy Digital, Jump Trading, Bitwise, CrossTower and OSL had made similar announcements.
On December 26, 2020, the price of XRP had recovered to $0.31, but news that Bitstamp would halt trades and deposits of XRP for US customers in January plunged the price of the digital currency down once again, this time to $0.29.

"In light of the recent SEC filing against Ripple Labs Inc., which alleges that XRP is a security, we are going to halt all trading and deposits of XRP for our U.S. customers on January 8 2021 at 9 PM UTC," Bitstamp said in a press release.

London-based B2C2 was the next exchange to prevent US investors from trading XRP. The price of XRP fell to $0.28 after news broke of B2C2's decision on December 27.
While Ripple Barks, Exchanges Bite
A massive blow was dealt on December 28, when two US crypto exchanges, OKCoin and Coinbase, announced they would suspend trading of XRP trading.

OKCoin said in a statement, "As the lawsuit proceedings take place, we have determined it is the best course of action to suspend XRP trading and deposits on OKCoin effective January 4, 2021."

Hours after OKCoin announced suspending XRP trading, Coinbase, one of the largest crypto exchanges in the world, also announced it would suspend trading of XRP for its US customers from January 19.
Paul Grewal, Chief Legal Officer, said in a statement on the Coinbase blog, "In light of the SEC's lawsuit against Ripple Labs, Inc, we have made the decision to suspend the XRP trading pairs on our platform."

At the time of writing, XRP has a total market capitalization of $9 billion and trades at $0.19, according to metrics site CoinGecko.

It will be interesting to see whether further suspensions will continue to collapse the price of the coin. How low can it go?

22/12/2020

*Crypto and Blockchain Trends in 2020: A Year in Review*

An overview of important milestones and trends in cryptocurrency and blockchain space in 2020!

This year, the ramifications of COVID-19 led us all to adapt to new circumstances. Businesses, industries, and financial markets have been disrupted in one form or the other. Similar to other financial markets, the cryptocurrency market has also been subject to the pandemic’s many impacts. Moreover, in 2020 we witnessed various cryptocurrency and blockchain trends. These milestones mark an important shift in the outlook of the crypto and blockchain space.

Which blockchain trends emerged in 2020? What trends in cryptocurrencies have changed the outlook for the industry? What has been the overall impact on the cryptocurrency market this year? In this article, we explore the essential milestones that bring a new direction to the crypto and blockchain sector.

Bitcoin’s Predominance
Bitcoin started with an uprising trend at the beginning of 2020. Global conditions such as U.S.-Iran tensions boosted the price of Bitcoin as high as $10,000. COVID-19 impacted the cryptocurrency markets with Bitcoin falling down to $3,500 in March 2020. However, the prominent cryptocurrency recovered swiftly. Bitcoin continues to dominate the cryptocurrency markets by more than 60%. In November 2020, the price of Bitcoin treaded close to $20,000.

Despite its downtrends in March, Bitcoin continues to beat traditional assets including gold and stocks. The overall performance of Bitcoin has made it one of the best investment assets in 2020.

DeFi Protocols
2020 emerged a new trend of decentralized finance (DeFi) in the blockchain industry. DeFi protocols - alternative solutions to traditional banking and finance systems - drew massive interest from the community. Use-cases such as lending, borrowing, decentralized exchanges (DEX), and yield farming became widely popular in 2020.

The DeFi market increased from less than $1 billion in February to more than $14 billion in December 2020. One of the applications of DeFi, decentralized exchanges, also registered an increase in their trading volumes.

Cryptocurrency Services
Another cryptocurrency trend observed in 2020 is the increasing number of players developing products and services to offer a gateway to digital currencies. Prominent Fintech institutions like PayPal, Visa, Mastercard, and Square have started offering solutions that facilitate payments through cryptocurrencies. Products in the form of smartphone applications as well as debit/credit cards are in development to enable cryptocurrency payments between merchants and consumers.

The adaptation of solutions by prominent financial players is likely to continue in 2021 as well. Moreover, such cryptocurrency trends enable the mainstream adoption of digital currencies in the coming years.

Institutional Investments
Institutional players are making serious investments in digital assets. Square, led by Twitter CEO Jack Dorsey, invested $50 million in Bitcoin in October 2020. Microstrategy, which invested more than $700 million in Bitcoin, plans to further invest an additional $400 million. Grayscale Investments registered its highest institutional investment in its Bitcoin trust in the third quarter of 2020.

Large crypto funds have recently registered an all-time-high influx of crypto funds. In December, institutional investors poured more than $400 million in cryptocurrency products pushing the sector’s assets under management to more than $15 billion. This trend is likely to continue in 2021 as institutions, hedge funds, and investors draw their attention towards digital assets.

Ethereum 2.0
2020 recently registered a milestone in the blockchain industry with the launch of Ethereum 2.0 network. On December 1st, the first phase of Proof of Stake (PoS) Ethereum 2.0 network went live. ETH 2.0 supports the scalability of decentralized applications built on the top of its network. This is an important milestone in the cryptocurrency industry in 2020, and its effects will be felt throughout 2021.

Regulatory Clarity
One of the cryptocurrency trends that gives an insight into its future adoption has been the clarity of regulations pertaining to this space. Many countries including Germany, France, and Spain provided a structure of legal compliance for digital assets. The U.S. Office of the Comptroller of the Currency (OCC) permitted banks to offer custodian solutions to cryptocurrency holdings.

Many governments across the globe are in the process of drafting legal regulations for digital assets. This will further allow mainstream adoption and will bring clarity on various aspects of cryptocurrency asset holdings.

Central Bank Digital Currencies (CBDC)
Another trend growing relevance in the crypto and blockchain industry is the concept of Central Backed Digital Currencies (CBDC). Earlier this year, China announced the launch of its digital yuan, a legally backed cryptocurrency that is pegged to China’s fiat currency. China has already started experimenting by launching its digital yuan in some of its cities.

In 2020, the Bank of Japan (BoJ) also started exploring the concept of CBDC and its feasibility in Japan’s financial ecosystem. In the U.S., the Federal Bank of Boston partnered with the Massachusetts Institute of Technology to test the concept of digital dollars in April of this year. Furthermore, reports suggest that nearly 80% of central banks are exploring the concept of CBDC.

*Traditional Financial Instruments In Crypto Space*
Prominent financial institutes have started offering traditional financial instruments such as crypto futures, CFDs, and indices for cryptocurrencies. Recently, the Dow Jones Index stated its plans to launch a cryptocurrency index in 2021.

In the first quarter of 2020, the crypto derivatives volume surged 314% from the 2019 four quarters average. Interest has begun to grow for engaging in CFD instruments for digital assets. As the popularity of digital currencies grows, we are likely to see the applicability of traditional tools in the crypto industry.

*Bottom Line*
2020 experienced several milestones that reveal how cryptocurrency and blockchain trends are likely to develop as the next year rolls in. This year set the foundation for many developments that will go live by 2021, and, most importantly, this year lead us closer than ever to crypto mainstream adoption.

20/08/2020

VALUE: WE CAN BUILD PI TO BE THE BEST. WHERE ONE PI IS WORTH FAR MORE THAN $100

“Money is only as valuable as what it can buy. The more Pi can buy, the more powerful it becomes. Allowing Pi to have more value”
The idea of Pi and the Value it will have are literally mind-blowing. Initially, those who understand basic economics rely on the principle that it falls on two factors: Supply and Demand.

However, that applies more so to commodities. Not so much to a currency. Especially, a cryptocurrency that would be used worldwide daily.

In order for more people to spend Pi, more people must first have Pi.

The developers understood this was a pitfall for many other cryptocurrencies. As it was not easily accessible to a majority of the people out there. Bitcoin required high-end computers/setups such as ASICs (Application Specific Integrated Circuits) as of today to mine this type of cryptocoin. It requires a lot of energy, and a monetary investment that would cost one a few hundreds up to a few thousands of dollars in order to acquire even one machine that would be built to mine Bitcoin.

Pi can be earned through mobile devices and by anyone that has one anywhere in the world. Even very young children understand how to download apps on mobile devices. More so, this is the generation that will follow us. And that will lead us into the future.

“The internet may have been an invention many grew up with. The concept of blockchain technology and cryptocurrencies is what the youngest generation will be accustomed to. They require and expect efficiency, instant gratification, and highly customized products/services. They are constantly seeking better alternatives.”

Fiat currency, one’s own national currency, is backed not by gold which is a physical commodity. It has no intrinsic value. Supply and Demand as well as the stability of the government issuing the legal tender notes determine the value of that fiat currency.

Pi is backed by the people that utilize it. The more variety of goods and services it can buy for people that use it will directly increase its value. The more people that demand it, so that they can use it, will also increase its value. Because more and more people use it as more awareness of it spreads. It becomes exchanged between those that use it more often. This will also increase its value. When Pi is being used for goods and services that people require daily, its value will increase. As others see that Pi is useful, they will naturally gravitate towards it.

Nobody likes to be left out. This is where it starts becoming a topic of social acceptance. When more and more people use it, due to the value it’s bringing to them in their every day lives, if you are the only one not using it, it may exclude you from an entire community of people you could potentially connect with.

Utility -> Demand -> Value -> Increase In Users – > Value – > Prices Determined By Average User’s Pi Holdings ->

The majority of users will be coming in later on the Timeline of Pi which means One Pi will hold a lot of value. Because the majority of people will barely have a few hundred total Pi in their Pi account. This is due to the halving that occurs as the user base within The Pi Network crosses specific thresholds.

This concept is one many are not used to. Bitcoin has a halving based on time roughly because it happens every time a new set of 210,000 blocks on the blockchain are added. The reward if the source code is found for Bitcoin gets cut in half. Which increases the value of all Bitcoins in the world due to scarcity.

Pi does not use the above mentioned approach. Halving happens exponentially, with an exponent of 10 each time, starting from 1,000 Engaged Pi users. Thus, from 1,000 Engaged Pi users to 10,000 Engaged Pi users. 10,000 Engaged Pi users to 100,000 Engaged Pi users. 100,000 Engaged Pi users to 1 million Engaged Pi users; 1 million Engaged Pi users to 10 million Engaged Pi users. 10 million Engaged Pi users to 100 million Engaged Pi users.

The supply limit of Pi will be cut off completely at a specific threshold. It could be 1 million, 10 million or 100 million Pi Engaged Users. The determination of the ultimate threshold will be decided upon by the developers. However, it will happen eventually. When it does, the value of a single Pi will increase exponentially, IF every other factor is already in place.

The Pi Marketplace will have hundreds of thousands of Pi E-commerce online shops offering goods and services within the said marketplace. With millions of Pi users using Pi to enhance their lives daily by treating it as a second income to purchase the very things they would with their fiat currency. Except with Pi, it allows them to purchase even more things through the vendors that accept it as a form of payment.

If exchanges already have Pi listed before the supply of Pi is cut off, this will also increase the value of Pi. As those purchasing Pi on the exchange already understand, the only Pi that will circulate around the world will be the Pi that has been mined up until the point the Pi distribution phase was cut off. It will happen before Bitcoin reaches the year 2140 when it reaches the max amount of it that can ever be mined which is around 21 million Bitcoins.

Due to Pi not being stored on hard-drives like Bitcoin was back in the day, it would mean it would be difficult to lose one’s access to one’s Pi holding. This would mean the amount of people utilizing Pi would keep increasing over time. As more and more people see the lives of those around them change due to Pi, more will join the platform. When it comes to Pi, the fundamental principle of its value is quite the opposite to scarcity. The more Pi that exist in the world will indirectly create more people that use Pi.

“There is no monetary investment at this point preventing someone from being a part of Pi’s vision. The only thing preventing any potential user from joining is their doubt at this point in time.”

Eliminate that, and there is no limit in regard to how far Pi can go around the world.