@yousif170: Scamming everyone who thought the price was $314,000
✅ Yes, it has been proven that Nicolas Kokalits or the founding team of Pi Network owns more than 95% of the total currency, making the project completely unreliable and losing all credibility as a real cryptocurrency.
🔹 Because this means that:
The currency is completely centralized — meaning the decision is in the hands of one person or entity, not a decentralized network as true currencies like Bitcoin or Ethereum claim.
Users don't own anything real — those who mine daily only get "crumbs", while the founding team owns the massive amount.
The price and market can be easily manipulated — the team can release a large amount into the market at any moment, causing the price to drop immediately, as no one has resistance or control.
Any talk of "Pi economy" or "global market" is just baseless marketing — because those who control the currency can control everything: the price, distribution, and even shut down the entire system.
⚠️ Just to clarify: Imagine that Satoshi Nakamoto, the creator of Bitcoin, owned 95% of the coins and never distributed them... Would anyone believe in Bitcoin? Certainly not.
🔍 The current reality of Pi currency:
❌ There is no transparency in distribution.
❌ The blockchain is not fully open source.
❌ Most trading happens off the blockchain (IOUs only) and is not real.
❌ The currency cannot be withdrawn or used anywhere as of today.
❌ The real value = zero, because you cannot sell or transfer it freely.
📉 The final result:
Nicolas Kokalits or the founding team owns more than 95% of Pi, which means that the currency:
A closed centralized project.
Decentralized.
Very risky.
And it could potentially be a scam (Scam risk).
✅ Important advice: Do not invest real money in Pi Network. If you want, use it for free just as a test, but do not rely on it as a source of income or a safe investment, 🤣🤣 #everyone