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Is Pi Network fake. . . ? #Binance

Is Pi Network fake. . . ?

#Binance

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Mr_Mahi_Crypto
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There are many places to pay for Pi, they are all over the world, but do you know what prices they support?🧐

@PiCoreTeam #PiNetwork #crypto2023 #Web3

$BTC $ETH $SOL
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History tends to repeat itself... Unfortunately, modern cryptocurrency exchanges are following in the footsteps of the traditional banking system. Let’s delve into why this is so important to understand. 💩 The Main Issue: Cryptocurrency exchanges, like banks, are interested in holding onto your funds rather than returning them. This means your investments are used by them to generate profits, not kept on standby for your withdrawal requests. 💩What Could Go Wrong: Sooner or later, an exchange might decide that maintaining a 1:1 reserve ratio is unprofitable. They might hold only 10% in reserves, thinking it’s unlikely that all clients will demand their money back at the same time. This practice is known as fractional reserving. 💩 The Risk of D-Day: While this might work for a while, there will come a day when many investors want to withdraw their funds simultaneously. At that point, the exchange won’t be able to fulfill its obligations, and the entire system will collapse. We have already seen this happen with several major exchanges. 💩 Why This Matters to You: 🔘Transparency: Demand transparency from the cryptocurrency exchanges you use. Ensure they have sufficient reserves and are willing to prove it. 🔘Diversification: Don’t keep all your funds on one exchange. Spread your investments across different platforms and storage methods. 🔘Awareness: Stay informed about news and policy changes related to exchanges. Knowledge is power and can save your investments. Be vigilant, invest responsibly, and don’t let your money become a hostage to someone else’s interests.
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