Pi has new tricks to exploit users

Without obtaining KYC qualifications, without passing KYC, and without mapping, users can choose to authenticate and open a mainnet wallet on Pi's third-party payment platform, Banxa. This model has the following doubts:

1. The most basic fairness of blockchain is not visible in Pi Network. Why, out of 60 million active users, only over 10 million can pass KYC and achieve mapping? Is this fair to Pi's users? This is essentially internal manipulation and is not blockchain at all!

2. Is it necessary to create this wallet activation feature without KYC and mapping? Is activating a wallet not the same as placing it on an exchange? Both can use Pi. If the project team intends to use this wallet activation feature to restrict mapping, it is equivalent to saying that you need to activate a membership within Pi to use it. In such a complicated situation, who would still use Pi?

3. Banxa is just a payment platform; who is the counterpart when I buy coins? Unlike Trust Wallet, which connects buyers and sellers on Binance, who is the seller for Pi on Banxa? The buyer is the user, but if the seller is the project team, does that mean users are being taken advantage of, forced to take over Pi from the project team? Users are being exploited by the project team and are expected to suffer in silence!!

4. On Banxa, you can only buy Pi, but not sell it, with fees exceeding 200% of exchange rates! Buying and selling Pi on exchanges only costs 0.05 coins, which is just a few cents at current prices. However, buying coins on Banxa requires $1.6, and most importantly, you can only buy, not sell. This undoubtedly reveals the reason why the project team is using Banxa: they are engaging in internal trading, selling coins through their own means, without anyone realizing it! They treat users purely as tools for profit!!

In the end, the so-called development over the past 6 years is merely a time to cultivate belief, and there is no difference from CX. In these 6 years, there hasn’t been a single groundbreaking technology. The project teams have been deceiving users with the prestige of renowned universities, PhD titles, and endless lies about dead parents! The end result is the endless exploitation of users' hard-earned money! This is the truth and reality; the methods of CX are indeed high! In the U.S., credibility is more precious than life, but the two founders, Nicholas and Fan Chengdiao, completely disregard the concept of credibility. Don’t expect Pi Network to achieve anything; this project is just an internal project.