What you need to know about your Pi coins: Withdrawal, Buying Goods and Services, KYC and Mainnet.
The Pi Network has been a hot stuff in the cryptocurrency space since 2020 and since the project was launched it had already over 14 million users of the Pi Network that is currently mining in the Pi app.
So for everyone who still doesn't know about how Pi Network works and what to do about it, I will be sharing about it in this article. Even if you are already an old user of the Pi Network, there might be some facts that you still don't know or don't know what to do. So it's better for you to know it so you can safely use your Pi coins in the future.
Pi coin as a digital currency
Pi coin is a cryptocurrency that is currently not a full cryptocurrency yet. The coin is not yet exchangeable or tradable on exchanges because it is still being mined in their very own Pi Network App since 2019.
However, as of today, the Pi coin can be use by some or very few eligible pioneers of the the Pi Network in buying some products in some services like Amazon.
The project was founded almost 3 years ago by now, in 2019, by some of the Professors in the Standford University that aims a digital currency that can be used to pay for goods and services.
Withdrawal for Pi coins
As mentioned above, the coin is still being mined and the project is still being more develop. The Pi Team has not made any announcements yet about where and when Pi coin will be listed on any exchanges.
And there are some consequences if the Pi Team will announce about its listing. If ever it will be listed on exchanges, what will happen will surely be a chaos.
Once it will be listed, there will be a high selling pressure for Pi coin for a reason that most Pi users who are mining for years or months will want to be paid off with their patience that might lead a sudden dump of price of the Pi coin.
As with that one reason, the Pi Team are thoroughly planning on what to do about for the betterness of the project and we will hear about it from them very soon.
The Process of Account Verification and KYC in the Pi App
There are different ways of verifying your account the Pi Network App:
**Verifying with Facebook account.**
When you want to use your Facebook account for the verification, you can instantly and easily verify your Pi Account with it.
**Using phone number verification.**
This one is a little bit hassle. If you mistakenly use the phone option as the verification process, it will cost you some balance to send a message to Pi Team for them to verify your account and once you are done, you are still required to finish the Facebook verification process.
And for the **KYC** process in the Pi App, the Pi Network uses a third-party application called **YOTI**.
The YOTI app is where all the personal informations of the Pi Network users are stored making sure that the Pi Network won't have any access to our data and it will be YOTI's responsible if ever the user's data is leaked, stolen or sold.
Launching of Pi Network's Mainnet
A Mainnet is the end product of the project where everyone can have access to it for buying and selling, for example.
After the long wait, for almost 3 years of mining and gaining the trust of everyone for the Pi Network, the Pi Team announced in the Pi App that the launching of the Pi Network Mainnet will happen within this year of 2021.
What does this mean for everyone?
It means that everyone that have Pi coins in their wallet can now exchange those Pi coins to other currencies that is available.
Let's Summarize Everything
Pi is not yet a fully recognize cryptocurrency. The project has been around for almost 3 years and constantly being more develop by the Professors from Stanford University.
The Pi coins we mined in the Pi App is currently not withdrawable. The Pi Team are yet to announce about its listing on exchanges.
You can verify your Pi Account instantly with your Facebook account. And if you use your phone to verify, you will be charged for sending a message and you will still be required to finish the Facebook verification.
The Mainnet is just around and when that happens, when now directly buy and sell Pi coins on their Mainnet - and that will happen very soon.
*Lead Image* https://r.search.yahoo.com/_ylt=AwrJ6tUj_GlgAkcAWb_G2olQ;_ylu=c2VjA3NyBHNsawNpbWcEb2lkAzY1Mjk1ZDI4NTUwODhlOGRlMWExMDRmOGQ0MDgxMzUwBGdwb3MDMwRpdANiaW5n/RV=2/RE=1617587363/RO=11/RU=https%3a%2f%2fglobaliptrust.com%2fthe-rising-value-of-pi-network%2f/RK=2/RS=rZYMZfPnu6sqzuldkBfv1olhVcc-
@MaryGraceGold
The Trust on Bitcoin Cash.
Many will say that trust is valuable especially when it comes to money. If you were lending money to someone who promised they'd pay you back but you do it without any trust, I firmly believe many cannot and many more will not without trust being established first.
When banks lend out money, they will require collateral, they will check your credit score, not in an effort to build trust with you only to determine if you are trustworthy to possibly pay it back. They aren't counting on the fact that you will, even if you can, that's why they need the collateral in case you don't.
Fiat currencies, which are our sovereign currencies that we have today do not allow us to build trust amongst one another in order to use that, which we hope to have, to purchase a new car or a new home. The wealth that these banks are amassing comes from the dream you hope to have. In an effort for us to attain it, we borrow against the things we possess that hold value only building the debt we enslave ourselves to, day in and day out. Our dreams are supposed to set us free and not buying the chains that enslave us for a lifetime.
For example, a young entrepreneur has a great idea and that person is tired of working 40 hours a week to try and get ahead in life. This individual finally makes a decision to start up his or her own company to no longer have to work 40 hours a week, until only work based on how he or she feels that day. However, after realizing everything it takes to start up a company, soon that 40-hour work week in the past seemed like a better deal. As this entrepreneur was putting in over a 100 hours every week to do whatever it takes for the company to succeed.
Passion is the fuel that drives success. Not long after, the business starts getting setbacks and it isn't falling together like this entrepreneur hoped it would, instead it's falling apart.
The idea was to start the business in order to not have to work 40 hours a week, but to have the freedom to do as that person wished so that the individual could have more time for their hobbies, relationships and family. The business, however, is consuming all of their time and energy.
What that individual hoped it would bring, it only stripped away that person's time. The one thing you can't make more of, the one thing you have less of with every day that passes, it is the most valuable asset you have, don't waste it.
Bitcoin Cash though, builds trust within the community with every transaction it completes - it validates its vision.
Bitcoin Cash is developing the economy, but it is up to every single one of us to help build it. The trust in Bitcoin Cash must flow within its community like water in a river. The water doesn't stop because a rock is in its way, it finds a way around and never stops flowing until It ultimately makes iits way to the ocean. In this analogy, the trust that we have must channel through the connections we already have with one another and together we can reach everyone.
Bitcoin Cash is ready to serve the global with outstanding kind of decentralized monetary system for everyone all over the globe and there should no one that can be able to stop its developing economy, not even all the bullies of Bitcoin Cash cryptocurrency.
With its speed, affordable transaction price and being decentralized, Bitcoin Cash gives us no middlemen to approve and store our money like banks because we can be our bank, a formidable kind of payment that is borderless and let us make an uncensored and cheaper transactions wherever and whenever.
Everything that Bitcoin Cash can and will do is possible, and all we have to do is to support it and keep on trusting on its potential.
*FIN.*
First quarter of 2021 with cryptocurrency: A milestone to mass adoption.
March 29, 2021.
The first quarter of 2021 is most likely all about the big players but it just doesn't mean the big players in crypto, but the biggest financial juggernaut this planet has ever seen.
Some Overview
**Jerome Powell**, chair of the **Federal Reserve** has dropped a crypto bombshell and **Fidelity**, one of the biggest financial institutions in the world is taking a crack at a Bitcoin ETF. And for every **NFT** fans, **Tezos** is setting sail.
Jerome Powell to Bitcoin
Jerome Powell, head of the United States Federal Reserve, briefly mentioned Bitcoin this week and qoute Bitcoin as more of a speculative asset and essentially a substitute for Gold rather than the Dollar.
It's incredible that the most influential monetary policy maker in the United States has compared Bitcoin to Gold. He didn't call Bitcoin a fraud, a ponzi scheme or an outright worthless.
However, Jerome did go on to say that cryptocurrencies are highly volatile and therefore not really useful as a store of value, and they are not backed by anything.
Interesting point though, but have you looked at the dollar lately? It's backed by 27 trillion dollars of unpayable debt.
You've got to wonder, would you rather hold fiat currency "backed" by tens of trillions of dollars worth of debt or a cryptocurrency backed by nothing? That's the very question that we hope someone had asked it to Mr. Powell.
The Fidelity application
The SEC or Securities and Exchange Commission is where the Bitcoin ETF applications go to die. That being said, if there ever was an ETF that gets approved, it could be the Fidelity application.
Here are 4 reasons why:
Fidelity is one of the largest and most trusted financial institutions in the world.
Fidelity has their own custody service having a way to safely custody a commodity.
The new head of the Securities and Exchange Commission is **Gary Gensler**. Now, before getting into government work, he taught a course on blockchain technology and cryptocurrencies at MIT. Given the background of Mr, Gensler, let's hope that Gary Gensler is going to take a more or will positive and good approach to crypto.
Finally, Canada just approved a Bitcoin ETF in February 2021 and Brazil just announced that they'll be doing the same.
Not to get too elevated on hopium, and but if there was ever a time for the SEC to approve a Bitcoin ETF application, it could be now and it will just be a matter of waiting.
NFT on Tezos
NFTs aren't just for Etherians anymore. The Tezos network is now dipping their Network in the water. OpenSea, the largest NFT market in the world is going to start supporting the Tezos NFT standard.
This will provide a much-needed alternative for artists who are paying exuberant gas fees to mint NFTs and allow a whole new cohort of investors to get involved with Tezos' NFT. Hopefully, this will also encourage all the new artists to build their work on Tezos since they will be able to sell their creation or artwork on the most liquid NFT Marketplace in the world.
The FTX stadium
You might heard of these names before, Barclays Center, Wrigley Field and MetLife Stadium just to name a few. What you won't find on that list is a stadium of any consequence that's named after a cryptocurrency or a cryptocurrency company. And I can't wait for the day when I can watch a game at Bitcoin field. But FTX stadium is just a step in the very right and bright direction, at least.
The famous cryptocurrency exchange FTX is reported on planning to buy the name to the Miami Heat stadium. As of today, the structure is known or called as the American Airlines Arena, and if the deal will go through, the name will be a lot shorter like FTX Arena, FTX Stadium, the FTX Sports Zone. Whatever the name will be, this will be another great milestone in the history of cryptocurrency.
FTX will reportedly pay $90 million over the course of 19 years for the naming right. Congrats to the entire FTX team especially to Sam Bankman-Fried.
Tesla use BTC for payment option
A few months ago, Tesla announced that they had bought 1.5 billion worth of Bitcoin and that they were planning to accept BTC payments for their cars, and that day has finally come and now a BTC payment option is on their website.
Now, if you think this is just a publicity stunt, guess again. Tesla has said that when people pay in Bitcoin, they're going to keep the BTC on their balance sheet instead of converting it to Dollars, and that's some Michael Saylor level conviction right there. Kudos to you Tesla!
What else can you buy more with crypto?
We're way beyond for just buying pizza at this point. You can buy Real Estate, software, and if you have a crypto debit card, the sky is the limit. Literally, you can book your next vacation with crypto and fly there.
***END.***
I bought my first Bitcoin Cash and I'm sharing this to everyone.
I have been thinking about it for some time now of whether should I just keep on writing articles and make a short posts or buy some Bitcoin Cash to own some amount in my Bitcoin.com wallet. In fact, I already have a small amount that came from different users and even if it was just a small amount, I really appreciate the generosity of those people who appreciates my articles.
Reading some articles from members who joined the #Club1BCH goal makes me feel excited and inspired to also reach the same goal, so I have decided to buy some Bitcoin Cash just to see a good amount and quantity of Bitcoin Cash in my wallet.
I bought $20 worth of BCH.
At first, I wanted to buy inside the Bitcoin.com wallet but I don't have the required mode of payment to purchase it in the wallet. Since I have a Binance account and I am a verified user, I used the P2P trading and made a transaction with a reliable merchant.
I used my Gcash wallet to pay the merchant that sells USDT in Binance and I have paid the merchant of exactly 2,448 Pesos for 50 USDT.
Mistake of a Beginner.
I have been asking a lot about using Binance about how should I buy a cryptocurrency there and someone recommended me to buy BNB coin have a lesser fee in buying different cryptocurrencies and use BUSD instead of USDT because there is no trading fee for BUSD pairs.
So I bought 10 USDT of BNB coin and convert 21 USDT to BUSD then bought 20 BUSD worth of Bitcoin Cash. I didn't know that it will still charge a fee but I will just add it to my experience.
Sending and holding it to my Bitcoin.com wallet.
It was really exciting to have my first $20 of Bitcoin Cash so I immediately send it to my Bitcoin.com wallet where everyone here are using the same wallet to hold the coin. I withdrew my Bitcoin Cash and just within 20 minutes of waiting it showed in my wallet.
This should be $20 but maybe Binance charge me a fee for withdrawing my Bitcoin Cash.
Let me share a little for what I have.
Lots of users says that all members in Club1BCH should help each other to achieve the same goal. And even if I have just started writing here, and still don't have that much, I would really want to be part of the family and cooperate with everyone so I would want to share a little of my Bitcoin Cash to everyone else I can.
I only need a little favor in exchange for some Bitcoin Cash from me, and your participation will really be appreciated:
Kindly mention a writer or an author here who published a very good and informative articles where I can learn from it. I would love to check them out.
Put the link of your informative and good to read article in the comments. I would appreciate it more if it's about cryptocurrencies or specifically about Bitcoin Cash.
Recommend me the active and great community in this platform where I should publish my articles in the future. I published my first articles in the cryptocurrency community but seems like there's no activeness in that community, and my last two articles were not published anywhere and maybe that was the reason no one noticed my articles.
Lastly, I would like to have some great content creator in noise.cash so I am asking everyone who are actively posting there to drop their profile link, I'll make sure to follow you.
How much can I spare?
Like I mentioned in the first part of this article, I still don't have that much and only had $20 of BCH in my wallet. So I want to distribute it equally to everyone;
First 5 users who can recommend a great authors will have $1.00 of BCH each.
First 10 articles that I found with lots of information will have $0.50 worth of BCH each.
And lastly, first 20 users of noise.cash who will drop their profile link will have $0.10 each.
I know this is not much compared to everyone who are a successful writer in this blogging platform, but I am doing this to be fully known as a writer and supportive individual of Bitcoin Cash.
***@MaryGraceGold of read.cash***.
Bitcoin Cash has the best community and it makes more sense than the others.
Bitcoin Cash (BCH) has one of the most active, largest and exciting community that I have found since I knew the world of cryptocurrencies in August, 2020.
I have been in the Ripple (XRP) community in Facebook, JustLiquidity community in the Telegram group and many more cryptocurrency communities in different social medias but all of them almost had the same goal and expectations in the cryptocurrency they supported - to make the price of their coin more valuable.
The number of read.cash/Bitcoin Cash users makes more sense.
When I learned about the existence of read.cash and noise.cash with a community supporting Bitcoin Cash, I have noticed that this blogging platform, read.cash, almost has 60,000 users or authors. Though the numbers are lesser than the other communities I have seen, that almost 60,000 people are specifically helping the growth of Bitcoin Cash of what the cryptocurrency should be - to be used in a day-to-day transactions.
Lots of people who are referring others the coin they invested or believed only want those people to buy the coin they hold for a reason that they are expecting its price to be more expensive without thinking about its real use cases. On the other hand, Bitcoin Cash is not just aiming for the price but more concern to the world's needs of a peer-to-peer transactions.
Fundamentals should be fully recognized.
When compared to Ethereum and Bitcoin, it is undeniably true that Bitcoin Cash is way better if fundamentals are going to be applied. However, at the current state, Bitcoin Cash is still very undervalued though it has already shown and proven its worth.
Talking about the price and the transaction fees, both Ethereum and Bitcoin had doubled its price from the past 6 months and that also surged their required fees to make a transaction.
In my own experience with a little research I have made, to make a transaction in the Ethereum blockchain, you would need at least an extra 20$ of Ethereum make a transaction successful and around $10 of Bitcoin to have a Bitcoin transaction. But Bitcoin Cash is not like them.
Like Bitcoin and Ethereum, Bitcoin Cash had also doubled its price from the past 6 months but the fees required to make a Bitcoin Cash transactions were almost still the same from the past 6 months and way more cheaper than both.
You only need $0.02, not $10 or $20 but only $0.02 of BCH and that's a thousand times cheaper than Bitcoin's and Ethereum's fees.
And the last but one of the best thing about Bitcoin Cash is the speed of the transaction. When someone send you some Bitcoin Cash, you'll receive it even if the transaction is still yet to be confirmed in the blockchain unlike Bitcoin and Ethereum that would a longer time for a transaction to be approved.
And because of that cheaper fees to be paid and a reliable speed for making a transaction, the Bitcoin Cash community, read.cash and noise.cash makes it possible to use Bitcoin Cash for a day-to-day basis in the platform by sending a tip to the authors or receiving a tip from other authors.
Taking part in the community with #Club1BCH.
Most members or writers in this platform are really inspiring everyone especially beginners like me to support Bitcoin Cash even more and be a part of its growing economy.
Lots of authors are aiming to have a whole BCH before this year ends and I have decided to take part in it. It might be hard for me as I still don't have any friends who I can rely to but I know it will just a matter of time to have them. So from this day forward, like mostly everyone in this blogging platform, I will also aim to have a whole BCH and at the same time help and support Bitcoin Cash by spreading about it and make use of it in my daily basis.
*Thank you for reading.*
Helpful articles you need to read to start your Bitcoin Cash journey.
Yesterday, on March 18, 2021, I published my first article about how I badly need to learn more about Bitcoin Cash (BCH) for a particular reason that I am still new in this platform and I am looking for a very informative articles on how to start here.
There are some good authors here that welcomed me and recommended me to someone's articles, so I want to give thanks as an appreciation to Ms. @cryptoph and Mr. @Ryryry143 for the recommendation because I really found some good articles that I really needed.
Articles I found informative.
One of my questions on my first article was about the wallet it requires or needed to use in read.cash to receive the Bitcoin Cash (BCH). Then someone recommended me to an author's profile to find some of the articles that will be really a help for starters like, especially in setting up my wallet.
**1. Integrating read.cash wallet to Bitcoin.com app wallet.**
While scrolling in the profile of Mr. @Telesfor's articles, I found his article about integrating my read.cash wallet into the Bitcoin.com wallet.
https://read.cash/@Telesfor/how-to-integrate-readcash-wallet-into-bitcoincom-wallet-80747c24.
It was really a fortunate experience because I luckily had an screenshot of my 12 password of my read.cash wallet when I registered here because I tried to look for it in this platform but I cannot find it.
After I downloaded the Bitcoin.com app wallet, I followed the instructions of Mr. Telesfor of adding and importing my read.cash wallet by entering the 12 seed words of my read.cash wallet to the Bitcoin.com wallet.
After I imported the seed words, I then went to scanning a transaction because I saw that I already received some Bitcoin Cash from other authors but it is still not showing in the Bitcoin.com wallet after integrating it.
After 1 minute of scanning, I am so happy to see my first Bitcoin Cash in my own wallet, thanks to Mr. Ryryry143 and Ms. Cryptoph's recommendation about Mr. Telesfor's articles.
**2. Rules of the robot.**
I don't really know if the Random Rewarder really is a robot but I think it really is because I found lots of great articles but with only a smaller amount of Bitcoin Cash tipped compared to other articles that is not really informative at all, it's name really says it all.
https://read.cash/@TheRandomRewarder/have-i-tipped-you-a12541ca.
After reading its only article, I or we need to avoid this thing to be, I think, tipped by the bot:
Avoid making articles about having a giveaways.
The introduction article asking for supporters/subscriptions.
Making articles just to have a referrals.
Making a topic about the platform itself.
Articles with no EXC. I think this only happens when you plagiarized some work.
Making lots of articles per day. So 1 article per day should be enough.
Lastly, it says that more interesting an article is, the more the tips there will be. In short, interaction is very important.
**3. The #Club1BCH**.
I also noticed that most members or authors here are part of a club with a goal achieving 1 BCH just by making articles. I was inspired by the article of @Ryryry143 of why everyone should join the club.
https://read.cash/@Ryryry143/why-you-should-need-to-take-part-in-club1bch-and-reach-the-1-bch-goal-6ae7b853.
I am planning to make an article about it after I learned enough on how things are working here in this platform.
**4. Institutions within Bitcoin Cash economy.**
I have also read @cryptoph's article about some institutions that are investing in Bitcoin Cash like Grayscale Trust. It just made me realize that Bitcoin Cash is huge and will be even more bigger in the long run.
https://read.cash/@cryptoph/3-big-institutions-into-bitcoin-buying-spree-435e5077.
My ending statement.
I have read lots of articles for the last past hours of being in this platform and it will really a long article if I put it all in here. But the best thing I knew about Bitcoin Cash is that it has a very affordable fee for sending a transaction unlike Bitcoin, it's very fast in receiving a transaction unlike Bitcoin and BCH is ways more affordable and has more room to grow unlike Bitcoin.
***Thank you for reading***.
Source Image: *cryptosache.com* https://r.search.yahoo.com/_ylt=AwrJ6tUXGVNgznkAHxrG2olQ;_ylu=c2VjA3NyBHNsawNpbWcEb2lkAzFiZDBlYmFhMjlhOTM1MzllMTdlN2Q4NGJmN2RmNTkzBGdwb3MDMQRpdANiaW5n/RV=2/RE=1616087447/RO=11/RU=https%3a%2f%2fwww.cryptostache.com%2f2017%2f07%2f27%2fbitcoin-cash-come-can-get-free%2f/RK=2/RS=QO6.WEpussDa2bgZx_g5VojMIpk-
Help me learn about Bitcoin Cash. Making my way to the Bitcoin Cash community journey.
First of all, I found read.cash and noise.cash in one of my cryptocurrency groups in Facebook while I was surfing to find some opportunities in the cryptocurrency world. I saw some people referring both read.cash and noise.cash in some comments and posts telling that everyone can earn just by making short posts and writing articles and get paid in Bitcoin Cash (BCH).
To make things clear, Bitcoin Cash (BCH) is not new to me and I already knew about its existence but I still don't know more what is it is all about. I already knew cryptocurrency since August 2020 because I have this wallet in our country (Philippines) that accepts Bitcoin (BTC), Bitcoin Cash (BCH), XRP and Ethereum (ETH). The wallet is called Coins.ph - I used it in my E-loading business because it has better offers than other digital or loading wallet in our country.
Back then, in 2020, I still don't know how to use BTC, BCH, XRP and ETHEREUM in my wallet so I joined lots of cryptocurrency groups in Facebook to know more about this things.
Since Bitcoin (BTC) is the most famous amongst the 4 cryptocurrencies, I tried to buy Bitcoin (BTC) worth at least 20$ then tried to find other ways to make it grow other than just holding it in my Coins.ph wallet. I tried to invest it in some investing site but it was a very unfortunate experience as I was charge nearly $8.00 just to send the Bitcoin to the site. After 24 hours of investing my Bitcoin to the site, my $10 of Bitcoin that I invested had a 20% profit, so I had withdrawn $12 of Bitcoin but still I was at loss of $6.00 because of the fee. So I decided to not do it again because it was not profitable.
Being in the two platforms.
Like I mentioned above, I found read.cash and noise.cash in Facebook and I was curious how should I start here.
Though I know how to make an article (a little), there are still a lot of things I want to know like;
How to set-up my wallet here?
What wallet it requires to use?
Does Coins.ph wallet acceptable?
What rules are strictly needed to be followed?
Does this platform have a social group like Facebook Messenger or other Group Chats?
Does it requires to write an article everyday?
Who gives the Bitcoin Cash (BCH) to an article?
Those are just some of my questions as a beginner and I hope someone who's kind enough can answer it. I badly need an answer as I still don't know what article should I read in this platform.
Introducing myself.
I am looking forward to be friends with everyone so I want to give a little introduction of myself.
I am Mary Grace Gold Chandra, a 3rd year college studying Bachelor of Business Education Majoring in Finance. I am 22 years old and currently living in Naval, Biliran - a small island in Eastern Visayas.
Not to brag but I was a journalist in my highschool days so I have some little talent on making articles but that doesn't mean I can make a good articles for now as I am still learning all the the functions available in this platform for making a good article.
Let's be friends.
I am just new in these 2 platforms and I really want to be friends with everyone here. I just signed up here in read.cash and also in noise.cash, so I am hoping that what I will ask will not be against the rules:
Can you follow me here and help me know about Bitcoin Cash (BCH?
And also, please let's have a little chat in noise.cash : https://noise.cash/u/MaryGraceGold
I still don't have any friends so I am looking forward to have some. I want to learn more, so any little help will be very much appreciated. ☺️
@MaryGraceGold
