Sunday, January 26, 2025

[Discussion] Everything wrong with Progression and Gameplay today is the communities fault.

TLDR: I believe this game was supposed to play similar to Arma(clunky movement, Slow weapon handling with visceral recoil requiring suppression, and tactics to win a gunfight not just who has better aim) and Progression was supposed to be something to Original WOW or OSRS. It was supposed to take a long time, and you were intended to enjoy the journey not the destination. If you didn't like that, this game was not for you. You are not entitled to like or enjoy every game. Not every game should be made to your tastes, and those tastes have dramatically shifted the design of the game away from what I think the devs/ Nikita wanted.

Through the Drops event and last wipe where almost everyone complained about their being way to much money in the game bc of the arena connection being turned on. I've come to the conclusion that the community is actually responsible for a lot of their complaints on the game. Everything from the movement, recoil, Tasks, armor, Map progression and individual map details.

Couple of examples.
Setup quest this wipe. Tasks overall.
Been seeing and reading a lot about how annoying setup is to do this wipe with the flea being turned off. you can't readily get the Ushanka hats need to get kills and complete task. I think that's the point. Before flea market tasks like this required you to barter for the item or do it when you had the kit. You were not intended nor encouraged to just brute force tasks like this. Its why you are given so many tasks all at once. You pick and choose which ones you can do at that time. Also would note that the task requirements have been decreased almost every wipe. Setup originally took 15 or more kills. Punisher 1 used to take 30+ kills. General wares used to take 30-45 cans of stew IIRC. Again, I think this was intended to motivate the player from not just grinding tasks ASAP but to actually play the game. "Where can you get food. Hmm interchange. So I guess I'll play interchange for a while, see if I can complete this task"

Movement and recoil mechs.
There are some very real criticisms to be had regarding the recoil mechs, and how inertia ruined the feel of gunfights etc. but I will point out then in the Arma community which is renowned for having very clunky/sluggish movement. That no one really wants it changed. yes complaints will be had. But the community understood back in Arma 3 days that the movement restricts/facilitates a specific kind of gameplay that the developers were looking for. More tactical slow, and deliberate gameplay. I think this was the original intention with Inertia. I think the Devs got worried when the community grew past its niche audience, and started attracting the crowed of people that wanted a Win at all cost and started creating Meta builds, and tactics to abuse a game that did not have those same restrictions as Arma when it came to movement. Jiggle peaks, bunny hopping, Abusing deysnc etc. Devs prob did not like that and felt they needed to course correct. (I say this bc I don't recall a lot of vocal support for the inertia system pre or post implementation). A good counter argument here is recoil. The recoil changes moved the game away from the intended experience, but I feel like this was done bc of the player base's demand. Does it feel better to play. Yes. was it what the devs wanted, I don't think so. The squad Community went through this same cycle with the ICO update. Players that could no longer do jumping 360 headshots, or just 1 tap snipers and MG's from 300m hated the update. Regular players that wanted a more teamwork-oriented game. Or wanted to play roles like MG and feel effective loved the game. Unfortunately, the crowed of people that wanted that super-fast COD gameplay style are very vocal and brought a lot of attention to the game when the update came out. They have since done ICO 2.0 which is a happy middle ground that everyone in the community seems to like. My point is : not every game has to play as smooth or fluid as call of duty with the new omni movement. This is why counter strike, or R6S don't have similar player control. This is why Arma and squad also do not. They made movement and control schemes that fit the gameplay aesthetic or function that they wanted.

Map design and Map Progression.
I recently found myself looting through the Village on shoreline near the tunnel extract. I was very disappointed to find that a lot of the buildings there just have nothing in them. Maybe 1-2 jackets. I found a duffle or 2. But no toolboxes, very little loose loot. There is of course the G-card houses, but that's like it. otherwise, there is no point going there. nothing to be looted. Scavs only walk around near the little store/tank in the center of the village. It's just a dead POI. Now could the devs change that? of course. increase the loot spawns, maybe do something like the Farm where there is just a bunch of tools and stuff there. But why would they. They have the Farm, and the resort. The Resort is the real crux of this Argument. Why have anywhere else on the map be a POI when you just can dump all of the best loot in 1 spot. Why have people go look for items they might actually need, like drills/hoses etc, when they can just go hunt for a bitcoin, and then go buy all their stuff. Which leads to prob the last Item. Streets is also the Pinnacle of this problem. The entire map is designed to print money bc that's what the community wanted. To be able to print money, and catch up to "streamers" that have 100 mil in 7 days. the only reason to play any other map is to do tasks. and you see this in late stages of the wipe. maps like woods, and interchange are a ghost town bc there are no tasks and compared to streets no loot. So people that want money are forced onto streets. Byproduct people that want gunfights/ PvP are then forced onto streets.

Flea Market.

Lots of discourse already had on this. IMO I think Flea was the kill shot to what the game could and should have been. for 4-5 years now the game has been a race of make money ASAP. bc you can buy literally everything. Devs realized this and started limiting what can be sold, and how often, and for how much etc. Cool. But I don't think a lot of people realized how detrimental the flea was until they made the Hideout FIR. It brought back the need to find the items instead of just rushing the money spawns and leaving ASAP. you are again encouraged to go to different POI and interact with the map more organically IT's BEEN GREAT. I have not seen so many people talk about how fun the game is. getting into gunfights in places they would not have expected, with guns and loot they would not have expected. The drive to get out of a raid with a car bat, or some precious hose. Encouraging the use of BTR's as well trying to get that loot out of raid.
Also, Cheaters basically got Kneecapped with the Hideout FIR change, and I don't see people talking about that enough. If you take all the potential for RMT out of the game by nuking the player eco, people won't pay those huge prices for cheats anymore. Anecdotally, I have not encountered 1 cheater on any map thus far. I also see a lot of valuable loot still in their spots. Bitcoins, G-cards, Virtex's etc.

End Thoughts:
I think the intention of the game was to have a very slow and methodical gameplay loop. where things require investment, and dedication to complete. I don't think they originally wanted you juicing up on stims at the start of every raid to run straight to a high value area or just even the odds against everyone else doing that. I don't think they wanted you to be able to rail 30 rounds on someone head with an M4. I don't think they wanted to see people hit prestige, 4 days into wipe. But the community begged for them to be able to do that. I see a lot of talk about how the Task requirements being reduced was done in consideration to the people that can't play 8 hours every day. COPE. Why does it matter. If it takes that timmy 4 days to complete the task instead of 4 raids. Why do we Care. Were having fun? Did they Progress at all? Those should be the metrics we care about. I think the community has poisoned our own well into thinking that EFT is about grinding the tasks ASAP instead of engaging with the game. I know Veritas has been saying this for years to some extent or another and I finally agree. Veritas in his video that precipitated the recoil changes quoted that Nikita's vision for Tarkov was to play like his Raid Video series. IDK about you all, but when was the last time you saw someone just spraying down a hallway to suppress you? When was the last time you got into a gunfight, and you both fired a whole mag at each other, and walked away fairly uninjured? USA Military Analysis shows that avg hit percentage in a firefight decreases dramatically after about 30-40 meters to sub 40% tapering off to about 20% over 100% Even Police firefight stats shows an avg of 50% hits. If the design intention was to mimic Raid, or a more grounded to reality firefighting aesthetic, then the old recoil, with Intertia makes sense. Realistically there is no way to encourage or mimic the fight or flight, and stress of a real world firefight. But take a look at footage of a game like bodycam. Recoil in the game is insane, when firing a pistol you can't even see your target after the 2nd 3rd shot. AR's and AK's are a whole different ball game. And you don't see the Body cam community clamoring for them to change the recoil to be laser accurate, and extremely controllable.

Yes I know all opinions are like assholes. Yes I know I'm speaking to the void. I also am sure that this is a very niche opinion. Yes, I'm doing what I'm being antagonistic towards: Wishing the game fulfilled what I want instead of what it is. I just miss old EFT. it genuinely felt like a better game. Was there major issues like the tank meta, and stuff. Yes, but I didn't want the game to turn into what it is. I understand why people play PVE not PVP. the game has turned into an arms race of who can grind tasks faster instead of just playing the game, going into raids and seeing what happens. idk. ill shut up now.


Crypto derivatives 101: A beginner’s guide on crypto futures, crypto options and perpetual contracts 📚

https://preview.redd.it/xr4rr84nwefe1.jpg?width=1500&format=pjpg&auto=webp&s=291bab4d4514cbe84577517eec66caf112a87529

Crypto derivatives 101: A beginner’s guide on crypto futures, crypto options and perpetual contracts

Digital currencies continue to disrupt the economy as they gain popularity as assets for investment and as mediums of exchange in financial transactions. Crypto derivatives are a good example of products that have shown rapid growth and continue to do so. And as the crypto market continues to grow, so does the variety of products available within the cryptocurrency space.

Our detailed guide covers the basics of crypto derivative types, trading options, tips for trading, and their advantages and disadvantages.

Types of derivatives in crypto

Simply put, a derivative is any product or contract with a value determined by an underlying asset. In traditional financial markets, derivatives derive their value from assets such as stocks, bonds, interest rates, commodities, fiat currencies and cryptocurrencies, hence the name. 

Crypto derivatives work like traditional derivatives in the sense that a buyer and a seller enter into a contract to sell an underlying asset. Such assets are sold at a predetermined time and price. As such, derivatives do not have an inherent value but rely on the value of the underlying asset. For example, an Ethereum derivative relies on and obtains value from the value of Ethereum.

Derivative trades also do not hold nor own the underlying asset. The most popular types of derivatives in crypto are futures, options and perpetual contracts. 

Crypto futures 

Futures involve an agreement between a buyer and a seller to sell an asset in the future. The specific date and amount are also agreed on ahead of time. Contract details may vary, but the terms are usually similar.

Futures are a popular type of crypto derivative commonly used by institutional investors. Data from futures are typically used to predict future price movements and market sentiment.

Traders may either gain or lose depending on future price changes. For example, if the current price of Bitcoin is at $40,000, an investor may either buy or sell futures contracts in anticipation of either a price decline or an increase.

In any case, if a buyer purchases a futures contract worth one Bitcoin ($40,000) and it increases to $60,000 by the time the contract closes, the buyer will have realized $20,000 in profit. On the contrary, if the price drops to $30,000 by the time the contract closes, the buyer will have incurred a loss of $10,000.

More specifically, Bitcoin futures are agreements between a buyer and a seller to buy and sell Bitcoin at a given price at a specific date in the future. The contract is usually settled in USD or any other currency agreed upon by both parties.

How to trade Bitcoin futures?

The first thing a trader needs to determine when trading Bitcoin futures is the contract’s duration. Exchanges for crypto derivatives usually offer weekly, bi-weekly, quarterly options, and more. 

For example, a weekly trade of Bitcoin contracts with each contract amounting to $1 of Bitcoin priced at $10,000 would require 10,000 contracts to open a position worth 1 Bitcoin.

A trader can either bet on the price of Bitcoin increasing (going long) or decreasing (going short). In either case, the exchange platform will match the trader with someone who went the opposite direction in terms of betting. When the time comes for the contracts to be settled, one trader will need to pay up, depending on whether the price of Bitcoin has gone up or down.

Crypto options 

Options are another type of derivative contract that allows a trader to buy or sell a specific commodity at a set price on a future date. Unlike futures, however, options allow the buyer the opportunity to not buy the asset if they choose.

There are multiple types of options: call and put options, as well as American and European options. Call options allow a trader to purchase an asset on a given date, while put options allow a trader to sell an asset on a given date. In addition, American options can be sold before the contract’s expiry date, whereas European options need to be sold exactly on the agreed date.

Traders are required to pay fees to buy a contract. For example, if an option costs $800, a trader will bear this cost to enter, on top of the actual price of the asset they want to purchase. 

Regardless of the trade outcome, the trader must pay the $800 fee. So, it’s worth noting that options are not a completely-risk free method of trading crypto derivatives. 

Let’s look at this example: Say you enter a call option for Bitcoin at $50,000. However, upon the agreed date, the price dropped to $40,000. You would not have to bear the $10,000 loss in an option. You can just exercise your right not to fulfill the contract. 

However, the $800 fee you paid to buy the contract will not be returned. In this case, your total loss would be $800. 

How to trade Bitcoin options?

“Call” and “put” are to Bitcoin options as “going long” and “going short” are to futures. A call option gives the right to purchase Bitcoin at an agreed price upon contract expiry. A put option gives the right to sell Bitcoin at an agreed price upon contract expiry. 

For example, let’s say a trader purchases a call option for Bitcoin at $20,000, with a contract that expires in a month. If, by the end of the month, the price of Bitcoin has risen to $25,000, the trader will likely exercise their right to purchase it and make a profit.

On the other hand, if at the end of the month the price has dropped to $15,000, the trader will likely choose to let the option expire so as to not incur a loss, except for the premium he initially agreed to pay to buy the contract. 

Perpetual contracts 

A perpetual contract, also called a perpetual futures contract or perpetual swap, is the most prolific type of crypto derivative, especially among day traders. In traditional finance, the equivalent of a perpetual contract would be contracted for difference (CFD). 

The main difference between perpetual contracts vs. futures and options is that perpetual contracts do not have an expiry date. Positions can be kept for as long as the trader wants, provided they pay holding fees, called the funding rate. The account must also contain a minimum amount, called the margin. 

Underlying assets typically change in price, which means that the difference between the index price and the price of perpetual futures contracts is typically huge. If, for example, the price of the perpetual contract is higher than the index, those who chose to “go long” would normally pay the funding rate to cover the price difference. 

Likewise, those who chose to “go short” would pay the funding rate to cover the price difference should the perpetual futures contract price be lower than the index price.

How to trade a perpetual contract?

If a lot of traders have long positions, with the price of perpetual contracts rising incrementally above the spot price, there would be no incentive for people to open short positions. The result, then, is a positive funding rate.

Having a positive funding rate means that all long positions must pay all short positions. On the other hand, a negative funding rate means that all short positions must pay long positions. 

This arrangement helps incentivize traders to close long positions, as well as open short positions to bring the price of the asset (e.g., Bitcoin) back to its actual market price. Payments are made directly to traders and are not made via exchanges.

Why are crypto derivatives important?

Crypto derivatives are essential to the crypto economy because their functions extend far beyond an individual trader’s investment portfolio. Derivatives are part of any mature financial system and therefore play a crucial role in developing the cryptocurrency industry as a recognized asset class. 

Increasing liquidity

What is liquidity? Briefly put, it refers to how easily orders can be transacted within a market without affecting the price of an asset. It indicates how many buyers and sellers there are, and whether or not transactions can be facilitated easily. 

Liquid markets come with high supply and demand for assets, making them more accessible for buyers and sellers. 

On the contrary, an illiquid market has fewer participants and very few transactions. 

Crypto derivatives facilitate market liquidity, impacting the ease with which traders can open or close positions. In a liquid market, there is typically less risk because there is always someone willing to take the other side of a position. Take perpetual contracts, for example, wherein shorts and longs pay the opposite position based on the funding rate.

A liquid market, therefore, attracts more investors and traders. Transaction costs are lower, slippage is lesser, and market conditions are more favorable overall. 

Mitigating risks

Derivatives can protect a portfolio from unexpected risk owing to high volatility in terms of crypto-asset prices. A strong derivatives market helps to attract professional traders and institutional investors to the crypto industry because it mitigates the risk brought about by a portfolio’s exposure to tail-risk events. 

Derivatives also predict risk, especially in uncertain market conditions wherein options prices are typically overbought. Forewarned by risk-averse sentiments, traders will make it a point to buy options in a bid to protect their portfolios.

Portfolio diversification

Derivatives offer traders more options to diversify their investment portfolios. They can expand across multiple crypto assets, and master advanced trading strategies. Some examples of the more sophisticated trading strategies are arbitrage, pairs trading, short-selling and the like. 

Consequently, having more advanced trading strategies further increases the market liquidity of the underlying crypto asset. 

Optimized price discovery

A marketplace’s main function is price discovery— the process of constantly finding out the current price of a certain asset. Prices depend on various factors such as liquidity, market structure, and information flow. 

Crypto derivatives enable the optimization of price discovery by enabling investors to either go long or go short. This makes mechanisms for price discovery more efficient by allowing for smoother market adjustments. Adverse price shocks are also thereby avoided.

Because price discovery is optimized, price reliability is improved, resulting in a more efficient market. Participants are also confident that all salient information has been accounted for and assimilated into the asset’s price. 

Purpose of derivatives trading in crypto

So how do crypto derivatives work, exactly? For starters, derivatives are used for either hedging or speculation:

Hedging

Derivatives can be used to protect one’s crypto portfolio from adverse market movements. This is called hedging.

Hedging involves opening positions that are in an opposite or negative correlation to your existing positions. It is practiced by investors and traders to protect their portfolios and mitigate potential losses. 

For example, futures can help to protect investments without compromising current crypto holdings. This is because futures allow you to hedge a portfolio for a fraction of its cost. For example, if your portfolio costs $100,000, you can hedge it by opening a short position in a futures contract. A 10x contract will only cost you $10,000, which is just 1/10 of your portfolio’s market value.

Hedging is particularly helpful, especially when Bitcoin enters a bear market, because it’s a far better option than waiting for the price to recover or liquidate holdings at an unfavorable price.  

Speculation

Derivatives are also used to speculate regarding the future price of cryptocurrencies. 

For example, if you purchase Bitcoin, you can profit if prices go up. But in the case of a bear market, you can’t profit under this principle because prices are going down constantly. 

This is where futures contracts come in. They allow you to bet that prices will go down (going short). If the price of Bitcoin does fall, then your short position means that you’re making a profit, even during a bear market. Futures contracts allow you to trade, take advantage of market volatility, and capitalize on opportunities by going long or going short. 

Another thing that makes derivatives attractive is leverage because it allows you to gain exposure to an underlying asset at a fraction of the cost. For example, a crypto derivatives exchange allows users to select leverage that goes up to as much as 125 times the initial margin. 

This means that even small price increases can result in large returns on your investment. Leverage allows investors to magnify small price movements and create massive profits.

  • Features of derivative trading exchanges

It might be helpful to know more about some of the features of crypto derivative trading exchanges: 

Stop-loss and take profit

Both stop loss and take profit allow traders to set the floor and ceiling prices for their trades. As such, they can exit the market automatically under favorable conditions, based on the prices they set. 

Partial close orders

Partial close orders allow traders to take partial gains while they partially close their orders. This means they can also continue to benefit from the market’s growth. 

Auto deleveraging (ADL)

If a position cannot be liquidated at a price better than the bankruptcy price, the exchange's ADL system can deleverage an opposing position from a designated trader. This is particularly helpful in cases where the insurance is insufficient to cover any loss incurred on the contract. 

Insurance funds

Should holdings fall below maintenance level (margin), insurance funds help traders to preserve their funds from ADL.

Advantages of using derivatives

Some of the advantages of using crypto derivatives are:

Market efficiency

Because derivative trading practices arbitrage, it helps to ensure that the market prices of underlying assets are accurate and that the market achieves equilibrium and stability. 

Low transaction costs

Derivative contracts are effective risk management tools, thereby reducing market transaction costs. Hence, compared to securities like spot trading, transaction costs in derivative trading turn out cheaper.

Risk management

The values of derivative contracts are inherently tied to underlying assets. For this reason, derivatives are used to mitigate risks associated with the fluctuating prices of these underlying assets. 

For example, if a trader purchases a derivative contract and the underlying asset’s price falls, he can offset the losses with gains from his derivatives.

Determining the price of underlying assets

Derivative contracts are typically used to define the prices of underlying assets, making them a crucial part of the cryptocurrency economy.

Higher leverage

With derivatives trading, investors can use leverage to increase profit margins without needing to invest a large amount upfront. 

High liquidity

Derivatives trading markets are in very high demand and are therefore highly liquid. Research reveals that crypto derivatives reached $600 billion in daily volumes in 2020, alone. Derivatives continue to gain momentum and attract institutional investors and traders alike, keeping the market active and liquid. 

Diversification

Derivatives consider the prices of underlying assets, helping investors minimize portfolio risks. The market also helps to generate market movement signals, providing hints concerning investment decisions and trading strategies.

Disadvantages of using derivatives

Some of the disadvantages of using crypto derivatives are:

Higher risk

Derivative contracts can be very volatile because the value of underlying assets can fluctuate very often. As such, traders are at risk of losses, especially in leveraged contracts.

Lack of due diligence

Over-the-counter futures contracts involve counterparty risks due to a lack of due diligence. The trader cannot effectively run a due diligence check on the other party because over-the-counter transactions do not always stick to strict compliance procedures. 

How to trade crypto derivatives efficiently

There is no singular formula to ensure that no losses are suffered when trading crypto derivatives. However, you can follow certain practices to safeguard your investment as much as possible and ensure you are making an informed decision before investing.

Determining which derivative is best for you entails choosing the right derivative based on the current price fluctuation trend. For example, if the market is bullish, you should go with an options contract.

If the market is bearish, then going for a futures contract is the wiser choice. However, if you are unsure, or the market is behaving erratically, you can go with a perpetual futures contract to err on the safe side, whichever way the market goes.

You should also take care not to hedge more than you are willing to lose. One trick that seasoned traders employ is borrowing assets and selling the same to someone else. They do this hoping that a future price decrease will allow them to buy the same assets at a much lower price. 

The borrowed assets can then be returned to the lender, allowing the trader to keep the profits. However, if the price increases, the trader is left with no other choice than to pay the price difference out of pocket. Hence, it’s always prudent to ensure that you can bear whatever losses your actions may incur.

Another important thing to consider is selecting a reliable trading platform for crypto derivatives. You should select one that is established, with verified users, high trade volumes and safety measures to detect fraud. 

Crypto derivatives trading is a great option for both beginner crypto investors and seasoned ones. You can go with various options, depending on the level of risk you’re comfortable with.


Ross Ulbricht Thanks Trump for Pardon: 'There's a Lot to Talk About'

🚨Just IN: Silk Road Founder Ross Ulbricht Freed After Trump Pardon

In a dramatic turn of events, Ross Ulbricht, the founder of the infamous dark web marketplace Silk Road, has been granted a full pardon by President Donald Trump. Ulbricht, who had been serving a life sentence without parole since 2015 for charges including distributing narcotics and conspiring to commit computer hacking, expressed his gratitude and relief upon his release.

Looking exhausted but clearly relieved, Ulbricht shared his feelings about his newfound freedom, stating that it feels amazing to be free again. He plans to spend the immediate future with his family, focusing on healing and reuniting after his 11-year incarceration.

Ulbricht's release is seen as a significant event in the cryptocurrency community, where he is viewed as a pioneer in the early adoption of Bitcoin. Silk Road, which operated from 2011 to 2013, was one of the first large-scale applications of Bitcoin, facilitating over $200 million in transactions.

As Ulbricht re-engages with the free world, his future plans are eagerly anticipated by many in the crypto space. This pardon marks a victory for those who have advocated for his release and highlights the ongoing debate about justice and second chances.

crypto #bitcoin #SilkRoad #RossUlbricht #TrumpPardon #cryptocurrency

⚠️ Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.


Saturday, January 25, 2025

Gold Ate-Bits Wanted!

https://www.reddit.com/gallery/1ia1ovg

The Pi Network is Preparing for a Major Event: Is it Time to Purchase PI Coin?

The Pi Network is Preparing for a Major Event: Is it Time to Purchase PI Coin?

In the ever-evolving world of cryptocurrency, a new player has been steadily gaining attention: the Pi Network. As we step into 2025, the buzz around Pi Coin has reached a fever pitch, with investors and crypto enthusiasts alike keeping a close eye on its developments. But what's all the fuss about, and more importantly, is it time for you to jump on the Pi bandwagon?

1. Introduction: The Growing Buzz Around Pi Network

Let's start with the basics. The Pi Network isn't just another cryptocurrency project; it's an ambitious attempt to bring crypto mining to the masses through mobile devices. Launched in 2019, Pi aimed to create a more accessible and energy-efficient way for everyday people to get involved in the crypto space.

Fast forward to 2025, and Pi Coin is under the spotlight for some pretty exciting reasons. We're on the cusp of two major events that could seriously shake things up:

  1. The end of the KYC (Know Your Customer) grace period on January 31st, 2025
  2. The potential launch of the Pi Network mainnet in Q1 2025

These events aren't just dates on a calendar; they're potential game-changers that could determine whether Pi becomes a major player in the crypto world or fades into obscurity.

Now, if you've been around the crypto block, you know that timing is everything. Buy too early, and you might be stuck holding a worthless token. Buy too late, and you might miss out on those juicy gains. So, the million-dollar question (or should I say, the million-Pi question) is: Is now the right time to buy Pi Coin?

2. Understanding the Pi Network Ecosystem

Before we dive into the nitty-gritty of Pi's current situation, let's take a step back and look at what makes this network tick.

Origins and Vision

The Pi Network was born out of a simple yet powerful idea: make cryptocurrency mining accessible to everyone with a smartphone. The founders, a team of Stanford grads, wanted to create a system that didn't require expensive hardware or consume massive amounts of energy.

Their vision was to build a decentralized network where regular folks (like you and me) could participate in crypto mining just by tapping a button on their phones. Pretty cool, right?

What sets Pi apart is its focus on creating an inclusive ecosystem. While Bitcoin and other cryptocurrencies have become increasingly centralized due to the high costs of mining, Pi aims to keep things democratic and accessible.

Role of Pioneers

In the Pi Network, users are called "Pioneers" – a fitting name for those blazing the trail in this new crypto frontier. These Pioneers play a crucial role in building and maintaining the network.

By simply opening the Pi app daily and hitting that mining button, Pioneers contribute to the network's security and growth. It's like being part of a giant, global team working together to create something new.

But here's the kicker: as of 2025, over 13 million Pioneers have verified their identity through the KYC process. That's a lot of people believing in this project! However, only about 8 million have taken the next step and migrated their coins to the mainnet. We'll dig into why this matters a bit later.

Current State of the Network

As of January 2025, the Pi Network is in a state of transition. It's like a caterpillar in its cocoon, on the verge of emerging as a butterfly – or at least, that's what the Pi community is hoping for.

The network has made significant progress:

  • Millions of verified users
  • A growing ecosystem of apps being developed on the platform
  • Increasing interest from the broader crypto community

But it's not all smooth sailing. The network faces challenges in scaling up and ensuring its legitimacy in the eyes of the wider crypto world. The upcoming events we mentioned earlier are crucial in addressing these challenges.

3. The KYC Grace Period: A Turning Point for Pi Network

Now, let's talk about one of the hottest topics in the Pi community: the KYC grace period.

What Is the KYC Grace Period?

KYC, or Know Your Customer, is a process used by businesses to verify the identity of their clients. In the crypto world, it's becoming increasingly important as regulators crack down on anonymous transactions.

For Pi Network, KYC serves two crucial purposes:

  1. It verifies that each Pioneer is a real person (not a bot or duplicate account)
  2. It helps create a legitimate, transparent network that can potentially comply with future regulations

The grace period is essentially a deadline given to Pioneers to complete their KYC verification. It's like the network saying, "Hey, we need to know who you are if you want to be part of this."

Key Dates and Deadlines

The journey to this final KYC deadline has been a bit of a rollercoaster. The grace period has been extended twice already, leading some to wonder if the network was really serious about enforcing it.

But now, January 31st, 2025, has been set as the final deadline. This time, it seems, they mean business. It's crunch time for Pioneers who haven't yet verified their identities.

Implications of KYC Completion

So, why is this deadline such a big deal? Well, it's all about legitimacy and progress.

Once the KYC process is complete, the network will have a clear picture of its genuine user base. This is crucial for moving forward with the mainnet launch and potential listings on major cryptocurrency exchanges.

For individual Pioneers, completing KYC is the difference between being able to participate in the future of Pi and potentially losing access to their mined coins. It's like having a ticket to a exclusive concert – if you don't get it validated in time, you might be left outside when the show starts.

4. The Mainnet Launch: What's at Stake?

If the KYC grace period is the opening act, the mainnet launch is the headliner everyone's waiting for.

What Is the Mainnet Launch?

In simple terms, the mainnet is the fully developed and deployed version of a blockchain network. It's where real transactions happen and real value is exchanged.

Currently, Pi is operating on a testnet – think of it as a dress rehearsal for the real thing. The mainnet launch is when Pi steps onto the big stage, ready to perform for real.

This transition is huge because it transforms Pi from a theoretical concept into a functioning cryptocurrency. It's the moment when all those Pi coins you've been mining could potentially have real-world value.

Readiness and Challenges

Now, launching a mainnet isn't as simple as flipping a switch. There are several factors the Pi Network needs to consider:

  1. A robust ecosystem of applications (they're aiming for at least 100 mainnet-ready apps)
  2. A stable and secure network infrastructure
  3. Favorable market conditions

As of early 2025, the network is still working on ticking all these boxes. The app ecosystem, in particular, has been a sticking point. Developing useful, engaging applications takes time, and the Pi team wants to ensure there's enough utility to support the network once it goes live.

Potential Outcomes

If everything goes according to plan and the mainnet launches successfully, it could be a game-changer for Pi. We might see:

  • Increased interest from investors and crypto enthusiasts
  • Potential listings on major exchanges
  • A surge in the value of Pi Coin

However, if there are further delays or if the launch doesn't meet expectations, it could dampen enthusiasm for the project. The crypto market can be unforgiving, and prolonged delays might test the patience of even the most dedicated Pioneers.

5. A Look at the PI Coin Price Movement

https://preview.redd.it/ymxty8zr28fe1.jpg?width=2048&format=pjpg&auto=webp&s=29e400a8b732da4f32bee2aabe0702aa22575805

Now, let's talk numbers. Even though Pi Coin isn't widely traded yet, it has shown some interesting price movements on the exchanges where it is listed.

Recent Performance

In January 2025, Pi Coin has been on a bit of a roller coaster ride. After dropping to a low of $38, it bounced back up to $44. This rebound has got a lot of people excited.

Why the sudden jump? Well, it seems like the market is getting optimistic about the upcoming events we've been discussing. It's like the crypto equivalent of a company's stock rising before a big product launch.

Technical Analysis

For the chart enthusiasts out there, Pi Coin's price action has formed what's called a double-bottom pattern. Don't worry if that sounds like gibberish – I'll break it down for you.

A double-bottom is when a price drops to a low point, rebounds, then drops to around the same low point again before rising. It often signals that a downtrend might be reversing. In Pi's case, this pattern formed with the low point at around $38.

This pattern has a "neckline" at $91, which is like a target price if the pattern plays out as expected. Basically, if Pi breaks above this level, it could signal a strong upward move.

Historical Trends

To put these recent movements in context, let's look at some key price points from Pi's history:

  • September 2024 low: $30
  • October 2024 low: $38.07
  • November 2024 high: Around $90-$100

These past swings give us some idea of the potential range Pi Coin might move in. The $38 level seems to be a strong support (a price where buying interest picks up), while the $90-$100 range has acted as resistance (a price where selling pressure increases).

6. Key Catalysts for Pi Coin's Future Growth

Looking ahead, there are several factors that could drive Pi Coin's growth. Let's break them down.

Completion of KYC Process

The successful completion of the KYC process could be a major boost for Pi. Here's why:

  • It validates the network's user base, proving that real people are behind the accounts
  • It could increase confidence in the project among potential investors and partners
  • It paves the way for compliance with regulations, which is crucial for wider adoption

If a high percentage of Pioneers complete KYC by the January 31st deadline, it could signal strong community engagement and potentially drive up interest in Pi.

Mainnet Launch and Utility

The mainnet launch is arguably the biggest potential catalyst for Pi's growth. Here's what it could mean:

  • Pioneers can finally transact with their Pi coins, giving them real-world value
  • The network can start demonstrating its practical uses through various applications
  • It opens the door for listings on major cryptocurrency exchanges, increasing liquidity and potentially driving up demand

The key here is utility. If Pi can demonstrate real-world uses beyond just being a speculative asset, it could drive sustainable long-term growth.

Market Sentiment and Speculation

Let's not forget the power of market psychology. Positive news and developments can create a buzz that attracts more investors, potentially driving up the price.

However, this is a double-edged sword. While speculation can lead to rapid price increases, it can also result in volatility and sudden drops if expectations aren't met.

7. Risks and Challenges Facing Pi Network

It's not all smooth sailing for Pi Network. There are several challenges and risks that potential investors should be aware of.

Uncertain Timeline for Mainnet Launch

While the team has hinted at a Q1 2025 launch for the mainnet, there's no guarantee this will happen. Previous delays have already tested the patience of some community members.

The 100-app milestone is proving to be a significant hurdle. Developing quality, useful applications takes time, and rushing this process could lead to a weak ecosystem at launch.

Regulatory and Market Risks

The cryptocurrency landscape is constantly evolving, and regulations can change quickly. Pi Network's compliance with future regulations is not guaranteed, which could pose risks.

Additionally, broader market trends can impact Pi's performance. A bear market in the wider crypto space could dampen enthusiasm for new projects like Pi.

Skepticism and Criticism

Pi Network has its fair share of critics. Common concerns include:

  • The slow pace of development compared to other crypto projects
  • Questions about the long-term viability of the mobile mining model
  • Doubts about the network's ability to deliver on its promises

Addressing these concerns and building trust in the wider crypto community will be crucial for Pi's success.

8. Should You Buy Pi Coin Now?

This is the million-dollar question, isn't it? Well, like most things in the crypto world, the answer isn't straightforward. Let's break it down.

Factors to Consider

When thinking about buying Pi Coin, consider the following:

  1. Potential upside: If Pi succeeds in its goals, early investors could see significant returns.
  2. Risk level: Pi is still an unproven project with many hurdles to overcome.
  3. Your investment goals: Are you looking for short-term gains or long-term growth?
  4. Your risk tolerance: Can you afford to lose your investment if things don't pan out?

It's important to note that Pi Coin is currently only listed on a few exchanges, which limits its liquidity. This means it might be harder to buy or sell large amounts without affecting the price.

Investor Profiles

Pi Coin might appeal to different types of investors:

  1. Long-term believers: If you're convinced of Pi's vision and are willing to hold for the long haul, buying now could make sense.
  2. Risk-tolerant speculators: If you're comfortable with high risk and are looking for potential high rewards, Pi could be interesting.
  3. Crypto diversifiers: If you're looking to add a unique project to your crypto portfolio, Pi offers something different.

However, if you're risk-averse or looking for stable, proven investments, Pi might not be the right choice right now.

Possible Scenarios

Let's look at two potential scenarios:

Bullish case:

  • KYC process completes successfully
  • Mainnet launches in Q1 as planned
  • Strong app ecosystem develops
  • Pi Coin could potentially reach the $90-$100 range

Bearish case:

  • Further delays in mainnet launch
  • Low KYC completion rate
  • Lack of compelling use cases
  • Pi Coin could drop below $36, possibly testing the $30 support level

9. Conclusion: Navigating the Pi Coin Opportunity

As we wrap up our deep dive into Pi Network and Pi Coin, let's recap the key points:

  1. Pi Network is on the verge of two major events: the end of the KYC grace period and the potential mainnet launch.
  2. These events could significantly impact Pi Coin's value and the network's future.
  3. While there's potential for growth, Pi faces challenges in terms of development, regulation, and market perception.
  4. Investing in Pi Coin at this stage comes with both high potential rewards and significant risks.

The decision to buy Pi Coin now ultimately depends on your individual circumstances, risk tolerance, and belief in the project's long-term potential.

As we approach the January 31st KYC deadline and the potential Q1 mainnet launch, it's crucial to stay informed. Keep an eye on official announcements from the Pi Network team and be prepared for possible volatility.

Remember, in the world of cryptocurrency, things can change rapidly. What seems like a sure thing one day can turn on its head the next. Always do your own research, never invest more than you can afford to lose, and approach new projects like Pi with a balanced mix of enthusiasm and caution.

The Pi Network journey is far from over – in many ways, it's just beginning. Whether you decide to buy in now or watch from the sidelines, it's certainly going to be an interesting ride. Who knows? We might be witnessing the birth of the next big thing in crypto. Or we might be seeing another ambitious project face the harsh realities of the market.

Either way, the next few months will be crucial for Pi Network. So buckle up, stay informed, and get ready for what could be a wild ride in the world of Pi Coin!

SEE ALSO:


Solana Meme Coin Fartcoin Falls After AI Bot Creator Sells Huge Stash

🚨Just IN: Fartcoin Takes a Tumble After AI Bot Creator Offloads Massive Holdings

In a dramatic turn of events, the Solana-based meme coin Fartcoin has seen its price plummet by 17% in the last 24 hours. This sharp decline follows the news that Andy Ayrey, the creator of the popular AI bot Truth Terminal, has sold off a significant portion of Fartcoin holdings.

Truth Terminal, which gained viral fame in October 2024 for its quirky antics, including incessant goatse posting, had become a magnet for meme coins. The AI bot's wallet received 20 million Fartcoin tokens, which were then transferred to two separate wallets in an over-the-counter trade worth over $22 million.

The sale involved 15 million Fartcoin tokens, with one of the receiving wallets later transferring 5.5 million tokens to an account tagged as market maker Wintermute. This large-scale transaction has sent ripples through the market, causing Fartcoin's price to drop from its all-time high of $2.48 to $1.59.

Ayrey mentioned that the decision to sell was partly driven by the legal and tax complexities associated with an AI bot holding millions in assets. He indicated that any future adjustments to Truth Terminal's holdings will be minimal until there is more legal clarity, expected at the earliest by March.

Despite the current downturn, Fartcoin remains one of the top meme coins on Solana, though its market capitalization has taken a hit. The token's ability to hold above key support levels, particularly the $1 mark, will be crucial in determining its future trajectory in the volatile crypto market.

⚠️ Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice. #memecoin #crypto #solana #ai #cryptocurrency #bitcoin


My analysis on why MSTR dropped yesterday

MicroStrategy has decided to repay the $1.05 billion convertible bond issued in 2021 two years early.

The reason for this decision is attributed to the current stock price ($350), which is significantly higher than the conversion price ($142), enabling the company to reduce stock dilution by 60% (when future price of MSTR reaches $500, just for example). If they did not repay the bond, investors would convert their bonds into shares at the lower price, diluting the equity of existing shareholders.

In 2021, when the stock price was around $80, MicroStrategy issued convertible bonds to raise funds, which were used to purchase Bitcoin at $40,000. Bitcoin has since risen to $106,000, representing a 165% return. This exemplifies the success of their strategy to "issue stock at a low price and buy Bitcoin at a discount."

However, this move has disrupted the strategies of gamma traders. Gamma traders often profit through a combination of convertible bond investments and short-selling the underlying stock. For instance, they buy convertible bonds and short the stock, capitalizing on stock price fluctuations.

If the convertible bonds are repaid early, this strategy collapses. To mitigate losses, gamma traders may attempt to artificially increase market volatility. They could, for example, place large sell orders or establish short positions in the options market, driving the stock price down.

This is not the first instance of early repayment by MicroStrategy. Similar actions occurred on June 13, 2024, and September 16, 2024, with repayments completed on July 15 and September 26, respectively.

The stock price movements around these announcements were as follows:

  • June 13 announcement day: (-7.46%) June 14: (+0.78%) June 15: (+0.78%) July 15 repayment completion day: (+15.35%)
  • September 16 announcement day: (-4.90%) September 17: (-2.42%) September 18: (+1.06%) September 26 repayment completion day: (+9.24%)

Yesterday, on January 25, 2025, the stock price dropped by 5.21% following the latest announcement.

P.S. I think my original post was somewhat unclear. What I meant to say is this: If MSTR’s stock is trading significantly higher than $142.38 (as it currently is at $350), every investor will convert their bonds to shares, causing dilution to happen instantly. However, compared to a scenario where the stock price reaches $500 in the future (for example), this approach definitely reduces the overall dilution of existing shareholders.

P.S. Regarding the dilution issue, at any future prices, the number of shares newly added stays the same. However, while the number of new shares from conversion is fixed at around 7.23M, the economic dilution (value loss to shareholders) increases as MSTR’s stock price rises. At $500 (for example), bondholders would extract over $3.5B in value compared to $2.6B at $350. When the conversion price ($142) is significantly lower than the market price, the difference (i.e., the discount) is taken by the convertible bondholder, and that value is transferred from existing shareholders. This transfer of value is dilution. The higher the stock price, the greater the value transferred, resulting in more severe dilution (given the same conversion price).

P.S. As one user pointed out in the comment below, Saylor may have chosen to settle the bond early for various reasons—such as tax implications or future investment plans. Even so, I believe this move also benefits existing shareholders by reducing overall economic dilution.

P.S. Just for reference: I collected data around the last announcement day

https://preview.redd.it/rvsxgcg587fe1.png?width=808&format=png&auto=webp&s=0fec01f4d4deb63ef921463029f4371ef65ecdd4

Announcement Day (Sep 16): Both MSTR and Bitcoin saw significant drops. But MSTR dips more.

Completion Day (Sep 26): MSTR surged 🟢 +9.24%, Bitcoin rose 🟢 +3.20%.

As a result of this announcement, the volatility of MSTR is expected to increase, as shown in the data.

P.S. Lastly, multiple factors contribute to daily price of MSTR. Perhaps, other economic factors as well as players in the market might have played a bigger role that time. Therefore, it is hard to say this is a sole factor that drops MSTR market price. I also think that as long as you have a firm belief in bitcoin and Saylor's vision, you don't need to analyze everyday price fluctuation. A lot of things got involved and it's hard to predict.