区块前沿
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Pi coin mystery: lock-up pit and decentralization myth 🚀
I entered the Pi coin world on the eve of the 2021 bull market. The road to mining was bumpy, uninstalling and reinstalling, clicking non-stop.
Finally, KYC was passed this month, and I lined up in the mapping army. But, do you think it's stable? Wrong! Locking for 3 years, starting from mapping, the long countdown begins. When will it be mapped? How many years will I have to queue? Unknown!
The total amount of Pi coins is 100 billion, but the circulation is pitifully small, less than 1 billion. Why? Because 90% of users are fooled. If they don't lock up for 3 years, KYC is hopeless, and don't even think about coins! A few people are willing to lock up in order to speed up.
Pi coin, I really hope it will return to zero. Why? The slogan of decentralization is loud, but it is actually not worthy of the name. It is listed on the exchange, the coin holding address is a mystery, and the token distribution is chaotic. Without mapping, there is no way to transfer money to the wallet; with mapping, it is only considered semi-decentralized. The project's credit is questionable, the spirit of contract is missing, and the black team was fired. On the one hand, they call for decentralization, and on the other hand, they block KYC, so that people can only watch but not sell.
With a total volume of hundreds of billions, and a billion falling like dogs, why doesn't Pi coin return to zero? Artificial manipulation stabilizes the price of coins, can a forced melon be sweet?
Believers are still advocating that Pi coins are the light of the future, why? Because they have no mapping, they cannot circulate, they can only comfort themselves and fill their stomachs with pie-in-the-sky, as if the dream of becoming a millionaire is tomorrow, but they don't know how many tomorrows there are!
I entered the Pi coin world on the eve of the 2021 bull market. The road to mining was bumpy, uninstalling and reinstalling, clicking non-stop.
Finally, KYC was passed this month, and I lined up in the mapping army. But, do you think it's stable? Wrong! Locking for 3 years, starting from mapping, the long countdown begins. When will it be mapped? How many years will I have to queue? Unknown!
The total amount of Pi coins is 100 billion, but the circulation is pitifully small, less than 1 billion. Why? Because 90% of users are fooled. If they don't lock up for 3 years, KYC is hopeless, and don't even think about coins! A few people are willing to lock up in order to speed up.
Pi coin, I really hope it will return to zero. Why? The slogan of decentralization is loud, but it is actually not worthy of the name. It is listed on the exchange, the coin holding address is a mystery, and the token distribution is chaotic. Without mapping, there is no way to transfer money to the wallet; with mapping, it is only considered semi-decentralized. The project's credit is questionable, the spirit of contract is missing, and the black team was fired. On the one hand, they call for decentralization, and on the other hand, they block KYC, so that people can only watch but not sell.
With a total volume of hundreds of billions, and a billion falling like dogs, why doesn't Pi coin return to zero? Artificial manipulation stabilizes the price of coins, can a forced melon be sweet?
Believers are still advocating that Pi coins are the light of the future, why? Because they have no mapping, they cannot circulate, they can only comfort themselves and fill their stomachs with pie-in-the-sky, as if the dream of becoming a millionaire is tomorrow, but they don't know how many tomorrows there are!
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