This blog post is an introduction to pie cryto, a new, open source cryptocurrency with a focus on privacy. In this post I will explain the benefits of using pie cryto and discuss some of the challenges that come with it
This is an introduction to pie cryto. It explains what it is, how it works, and why you might want to use it.
It’s called pie cryto because pie cryto is a new kind of cryptocurrency. It was proposed by a person known as ‘pie’. This article refers to him using the pronoun he because that’s what he said would be most convenient in explaining his idea. He’s not actually a she or he; the name of this coin isn’t actually pie, but the thing itself is idea, so he says we should call it that.
Pie cryto has other names too: a few people have started calling it pie crypto and others have started calling it pie crypto-cash. We’ll use both for short; you can ignore which you hear from anyone else.
At the risk of being redundant, I’ll mention again that pie cryto is a cryptocurrency with a very different philosophy than Bitcoin. Bitcoin was made for peer-to-peer electronic currency, which means that it is designed to be as anonymous and untraceable as possible. However, because of the way that Bitcoin works, it also makes it so that no one can tell you who they are, or where they are, or how much money they have.
This means that it is possible for someone to defraud people who have put their money into Bitcoin. There are people who call themselves “Bitcoin banks” who openly advertise the fact that they will take your money and give you nothing in return. They will tell you that you own some fraction of a bitcoin and then do nothing at all with your money. This is a complete scam; there is no such thing as “a bitcoin,” there is only one bitcoin, which has a certain amount of value. If there were any fractional bitcoins out there, then those people would be selling them at above market price instead of buying them from other people at below market price.
Pie cryto on the other hand does not work like this. Any transaction between two parties happens automatically without any human intervention, and can therefore not
You don’t have to understand how pie cryto works to get some value out of it. Nobody else does either, but that doesn’t matter: people still use it.
It’s not even as if understanding pie cryto would make you a better investor. It wouldn’t, because it’s not about investing. It’s about having money take care of itself for you, without you having to do anything about it.
A lot of the time when people talk about investing, they are really just talking about saving for their retirement. But saving for retirement is a very different thing from buying an annuity or getting investment advice or paying an adviser to manage your money for you. Doing any of those things is a more direct way of achieving the same effect as pie cryto: letting someone else take care of money without you having to do anything about it.
Every crypto-currency has its own unique strengths. And if you are in the business of making money, it is natural to want to focus on those strengths. But there are other ways to make money, and one of them is by being a good citizen.
I have written a blog post showing why pie cryto is better than Bitcoin Core in some important ways: http://www.vapecave.com/blog/pie-cryto-better-than-bitcoin-core/
**It’s also possible to do that with Bitcoin Core, but not nearly as easy. And the point of pie cryto isn’t just to be easier than Bitcoin Core; it’s also to be harder to use for money laundering and tax evasion
We at Pie Cryto have become passionate advocates of the secure cold-storage use of cryptocurrencies.
Cryptocurrencies can be stored in a variety of smart ways, but our personal preference is cold storage. Physical possession is important to us. We do not trust others with our assets, and we are wary of exchanges that hold our assets for us. To this end, we have been working on a new cryptocurrency based on crytpo technology, one that is simple to use, easy to secure, and has the potential for rapid growth.
There are many benefits to using crytpo technology over other digital currencies. These include:
1) Full-time development teams (no need for a CEO or CTO).
2) A sustainable economy where the currency is not made up like fiat money (no more inflation).
3) A robust system of decentralized management with an established infrastructure (no more centralization).
4) An ability to transact in any currency all over the world (no more restrictions).
5) A way for users to participate in the network by staking their coins as collateral (without having to waste time mining).
6) Security and privacy through cryptography (no more leaky databases).
1. You can use it to send money to people who don’t have a bitcoin wallet, and they don’t need one to receive the money.