What can I buy with 13,000 coins after six years of mining?
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If the value of the cryptocurrency is determined only through societal transactions, then someone will inevitably be left while carrying the bag.
Since yesterday, my university group chat has been playing speculation after the news broke out that the encrypted currency of the PI network may be inserted soon on the stock exchange. Friends discuss whether a house will be saved, a car, or a car purchase.
A friend, who logged in daily for six years for a junction, collected 13,000 coins. Share a post claiming that someone was offering 86,000 VND ($ 3.38) per PI. “We are about to become billionaires,” they said jokingly.
Meanwhile, two others discussed the passion for the car that must be purchased for 1 billion VND1-Mercedes or BMW-in the VND86000 evaluation evaluation per per PI.
The open MAINNET advertisement on the smartphone interface. Photo by vnexpress/du phone |
I have a quick account: At this price, 13,000 coins worth 13,000 PI will be approximately 1.2 billion VND. This means earning 550,000 VND per day – equivalent to a monthly salary of 16 million VND, total savings for the office worker who spends nothing for six years.
I asked if they had been able to sell PI. They answered, “I am still waiting for the price height.” I reviewed the supposed Facebook profile – it was empty, probably a fake account.
Historically, the US dollar was backed by gold, which requires central banks to keep gold reserves for every printed dollar. This golden standard was subsequently abandoned because economic growth and speculation caused inflation, making the fiat currency the base. The money has always been complicated.
For those who have been mining PI for six years, wealth may seem to fall out of the sky. But the main question remains: What gives PI its value?
If people continue to buy and sell among them, then someone will inevitably be left while carrying the bag.
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