$Pi is emerging like a meme coin with the biggest value of decentralized community but...
Despite branding itself as a people's currency, Pi Network is far from decentralized. Unlike $BTC or $ETH , which are powered by independent validators, Pi remains in the firm grip of its core team. They decide the rules, control transactions, and can change the game at any moment
With no independent validators, what prevents the team from restricting transactions, altering supply rules, or delaying key features indefinitely? Can Pi holders trust a network where the decision-making is controlled by a single entity?
Pi Network once proudly claims a 60-million-strong community, yet the reality is far less impressive. Blockchain explorers reveal only 9.11 million wallets, and of those, just 18 million users have passed KYC verification. The rest? They may be ghosts—inactive accounts that inflate the network’s perceived strength.
