Consensus 2025 Conference, Dr. Nicholas's sharing and interpretation

At Consensus 2025, Dr. Nicolas Kokkalis of Pi Network shared and exchanged ideas on artificial intelligence and blockchain, summarized as follows:
1. Early Artificial Intelligence: "There is a lag from (technological) invention to large-scale application. This is the current situation of our Genai."
2. KYC represents trust: "We have chosen a unique approach of conducting KYC verification for everyone... to distinguish between real people and artificial intelligence."
3. Achieving fair value through blockchain: "Value is not just captured by a few... this is where blockchain and our project can make a difference."
4. Create excellent products: "People need to create excellent applications and excellent products. Once you have an excellent product, it can surpass everything."
5. The Future of Artificial Intelligence and Business: "Today is a great era... more people can create and try products."
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Interpretation:
1. From Concept to Application
It takes time to go from concept to application. Blockchain and cryptocurrency have mostly been in a stage of conceptual speculation and hype, in a nihilistic bubble chaos period. However, with the improvement of infrastructure and technological iteration, both smart AI and crypto blockchains are moving from concept to implementation. All of this takes time, and the recently announced Pi Network Ventures program is officially launched to help startups and businesses create practical tools for Pi in the real world!
Therefore, we need to be patient. If we participate in the Pi network based on emotions, expectations, speculation, hype, and the mentality of getting rich overnight, then please read this sentence from the project team again.
"Pi is not free money. It is a long-term project whose success depends on the collective contributions of its members."
If you are just looking for quick money, please look elsewhere.
2.KYC
Pi Network, with its strong KYC mechanism and identity verification system, is creating a network rooted in real human identities, which is something that no mainstream blockchain can fully achieve at this time. This is a huge differentiating advantage—especially in a situation where AI-generated content, identities, and bots are becoming increasingly difficult to distinguish from real online users.
The value and significance of KYC:
🔹Manual Verification vs. Popularization of Artificial Intelligence
As the world struggles with robots and deep fakes, Pi Network's decentralized, real identity participation model could become the infrastructure - applicable not only to finance but also to trusted digital interactions.
🔹Decentralized Web3 and real people
Imagine that in the Web3 era, every user is a verified real person, and applications, voting, markets, and communities are driven by real people—rather than bots or "whales". This is the world that Pi is building.
🔹The digital identity layer of the future internet
The Pi ecosystem could be the next identity layer of the internet, especially if it connects KYC and reputation with digital wallets and real-world utilities.
🔹The synergy between artificial intelligence and humans
The goal of Pi may not be to compete with artificial intelligence—it can complement AI by anchoring digital truth in human foundations. Imagine a platform where only humans can participate, or a platform where human-machine collaboration is transparent and fair.
🔹The value beyond currency
As you hinted, the future of Pi is not just about a coin - it is about establishing a human network of digital sovereignty in an AI-driven world.
3. The blockchain realizes fair value
The green mining model of the Pi network on smartphones, the financial participation of Pi network users, the accessibility of technology, and the simplicity of developing the ecosystem, among other characteristics, all maximize the realization of fair value in blockchain, allowing the traits of blockchain to serve humanity and society in a universal, widespread, and inclusive manner, rather than just being tools for speculation and hype for a very small number of people.
4. Build excellent products
What qualifies as an excellent product should at least not be a tool that uses the concept of blockchain to exploit speculation, hype, and emotions to harvest users through zero-sum games. The best products should make people's lives more convenient, efficient, fair, simple, and stylish.
The Pi network is leveraging the characteristics and power of blockchain and cryptocurrency to make people's lives more convenient, fair, efficient, and better through the implementation of ecological scenarios.
5.Web3
Today is indeed a great era, as people are about to enter a readable, writable, and ownable web3 era!
To possess something, one must have clear rights, a KYC digital identity, ecological application scenarios, a fair and just cryptocurrency platform that everyone can participate in, and a legal and compliant environment with clear regulations.
The Pi network is leading this era, embracing this era, pioneering this era, and integrating into this era!
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