Most Pi friends are unwilling to jointly fight against lending whales, causing prices to be continuously suppressed!
Most people always think that they only need to invest for the long term, ignoring prices, and wait for the fruits of their investments in the future.
However, what these people do not realize is that before the so-called long-term fruits, the suppressed prices will lead to the extinction of the ecosystem.
Most merchants cannot bear the long-term consumption costs to support the ecosystem for you. Miners will also fully withdraw due to prices being long-term below costs. This will then extend the time for decentralization. If too many people withdraw, it could eventually extend the decentralization period by ten years.
Therefore, those who believe they can ignore prices and not participate in building the ecosystem to gain the fruits of profit in the future are actually settling for the lowest future returns.
We can already see the increase in the basic rate, which indicates the first crisis is the significant withdrawal of miners, representing an extension of the decentralization timeline.
If no one is willing to participate in fighting against lending whales, then you are an accomplice in suppressing prices. If Pi collapses, those who do not participate in fighting the whales and stake Pi on exchanges will be the biggest perpetrators.
Methods to fight against whales:
1. Do not stake Pi on exchanges. Do not use extra coin staking services to stake Pi.
2. Assist in lending out the Pi on exchanges with 0.1% APY, transfer it to wallets to stake with a 34% increase, and earn on price differences.
3. Clear out the borrowing pools of coins on exchanges.