> For the complete documentation index, see [llms.txt](https://heymichal.gitbook.io/whitelog/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://heymichal.gitbook.io/whitelog/notes/first-crypto.md).

# First Experience With Crypto

I've been feeling more attracted to cryptocurrencies recently, but I have two main problems preventing me from jumping on the wagon:

1. I am a total crypto noob and it the whole world of cryptocurrencies seems super technical and overwhelming.
2. I have no money to invest, knowing that I can loose it all. My priority is to buy a tiny piece of forest in the island where I live.

And the problem two kinda makes it pointless to invest time and energy into learning more about it. So while I felt a pull, I thought that I'm just not bound to explore it for the foreseeable future. And that's when a trusted friend sent me one Pi.

### My Very First Crypto Experience

Pi is a new cryptocurrency designed with people like me in mind ⤵️

![](/files/-MXHJbTEWAvwRa70w1oy)

Here's my understanding of it:

The coin is now in an early phase and without monetary value (yet), which means that **you can acquire it for free, via "mining", which in practical terms means clicking a button inside the app every 24 hours.** Btw, mining doesn't require the app to be open, and, from what I understand, it doesn't have a big negative impact on the environment like Bitcoin. So far, so good!

![I love how easy they make it.](/files/-MXHOPGG5VJZ7y848VC7)

I've set a daily alarm to ping me at 11:40 to do some mining ⛏. It always makes me laugh.

![](/files/-MXHODLRwfg4UKWbEZ4I)

The amount of Pi you can mine decreases with the amount of people joining to protect the scarcity of the coin. Eventually it will drop to zero. I guess I'm an "early adopter", hehe.

Pi has a great built-in sharing mechanism, creating win-win incentives for people within the network and new participants: faster mining and extra coins. It's a common spreading strategy, and it works – my friend shared it with me, and I shared it further. Why not?

Basically, **I click one button per day, and if things go well, I might get wealth in the future.** And if not, I've wasted 5 sec per day, which doesn't feel like a big risk. Let's see how it goes 🌱.

If you'd like to join, here's a win-win [invite link](https://minepi.com/heymichal) (use *heymichal* as your invitation code for a bonus).

{% hint style="info" %}
Update 8 May 2021: I've been mining for a while now and I have over 300 Pi. If Pi ever hits 1€ per coin, it's already worth the hassle of setting it up. Fingers crossed.
{% endhint %}