From the Pi Coin website:
“When a node is selected by the Core Team, they’ll need to pass KYC to proceed to serve as a node on Testnet…”
Respectfully that’s going to be a hard pass for me.
I understand that the boat for small scale mining has long passed on Bitcoin but there’s a specific reason why Hashrate is high, it MUST be hard to mine a block.
Plus I’m seeing all this consensus quorum algorithms that I wouldn’t trust to hold. It really misses the point of mining completely.
I prefer to run a Bitcoin node and save (not invest) the product of my labor in Bitcoin for the long term, going on 4 years now.
wolfbearclaw / Counter Narrative
npub1pw…8pf5t
2024-01-23 22:54:00
in reply to nevent1q…66y4
Author Public Key
npub1pwtrrydty95q5ces0tkm2r7hkqfe9jwxhmmee5xwke6g4lz70l7sd8pf5tPublished at
2024-01-23 22:54:00Event JSON
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"pubkey": "0b963191ab21680a63307aedb50fd7b01392c9c6bef79cd0ceb6748afc5e7ffd",
"created_at": 1706050440,
"kind": 1,
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"content": "From the Pi Coin website:\n\n“When a node is selected by the Core Team, they’ll need to pass KYC to proceed to serve as a node on Testnet…”\n\nRespectfully that’s going to be a hard pass for me. \n\nI understand that the boat for small scale mining has long passed on Bitcoin but there’s a specific reason why Hashrate is high, it MUST be hard to mine a block. \n\nPlus I’m seeing all this consensus quorum algorithms that I wouldn’t trust to hold. It really misses the point of mining completely. \n\nI prefer to run a Bitcoin node and save (not invest) the product of my labor in Bitcoin for the long term, going on 4 years now.",
"sig": "049561164a4b9747b524bd6bc4171ac0fc6c9c02bb8444ba4ae55f80bb54170e17e30441ebb3761102c1567d9ea657e095711b5676ed24d669f44055888080b7"
}