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Remember here we told you first that $Pi could bottom between $0.01 to $0.00001 With 83 Billion tokens waiting to be released it's obvious the bottom will be at much lower prices than today's overvalued at $0.08 #PiNetwork #Pi about to enter buying opportunities see you at 0.01
1. Is it because of “mobile mining” that it can never be open-sourced?
The mobile mining mechanism itself is not technically impossible to open-source. Rather, once this “security circle and social trust mining” economic model is open-sourced, it will face enormous real-world problems. This is the root reason the team has been reluctant to fully open-source it.
1) Pi mining is not computing-power mining; it is a social security-circle mechanism: your mining speed is determined by the trusted friends you add (your security circle), not by computer processing power.
- The algorithm can technically be written as open-source code;
- But once it is fully open-sourced, hackers could directly inspect the mining logic, write scripts in bulk, generate fake accounts in bulk, and forge security circles in bulk, massively inflating mining output and directly destroying the entire token economic model.
Bitcoin’s computing-power mining is not afraid of being open-sourced because the cost of fabricating computing power is extremely high. If Pi’s social mining source code were made public, the cost of cheating at scale would become extremely low.
This is the core contradiction circulating in the community: open-sourcing means completely exposing the means of cheating; keeping it closed-source can conceal the mining logic and raise the barrier to bots mass-registering accounts, but it violates the industry principle of decentralization and transparency for public blockchains.
Leeks don’t grow unless harvested,
Sickles don’t ring unless swung.
Once Pi Coin rises,
Another batch enters the market.