I’d like to address the concerns raised here about Pi Network ($PI) with some clarity and perspective. Let’s break this down step by step:
1- Regarding the 2023 warning from Hengyang police (referenced via hengyang.gov.cn), it’s true that a notice was issued about “Pi Network” or “π币” (Pi coin), cautioning against scams targeting vulnerable groups like the elderly. However, this doesn’t inherently prove Pi itself is a scam. The warning highlights cases where bad actors exploited the Pi name, promising “free mining” or “future riches” to trick people into sharing personal data or investing money—neither of which aligns with Pi Network’s official model. Pi’s core app is free to use, requires no investment, and emphasizes user consent for KYC (Know Your Customer) verification to secure accounts, not to exploit them. Scammers often hijack legit projects’ names—think of fake Bitcoin schemes. This looks like a case of misrepresentation, not evidence Pi itself is fraudulent. Check the official Pi Network site or app for their stance—they’ve consistently warned users about unauthorized third-party schemes.
2- The claim about Bybit and listing requests is speculative at best. Pi Network has publicly stated (via their team announcements) that they’re not pursuing listings on exchanges yet, as their mainnet is still in development and they’re focused on building utility first. There’s no evidence Bybit made a listing request, nor that Pi “refused” them or that KYB (Know Your Business) issues were involved. This seems like a strawman argument—Pi’s roadmap prioritizes ecosystem growth over premature trading hype. Legit projects don’t rush to list; they build value first. Look at how long Ethereum took before widespread exchange adoption!
3- The demand for Pi to “address these reports” assumes they’re ignoring criticism, but that’s not the case. The Pi Core Team has repeatedly used their blog, app announcements, and community channels to clarify their mission, deny unauthorized listings, and warn against scams misusing their name. They’ve even taken legal steps to distance themselves from fraudulent entities. Silence on every random accusation isn’t guilt—it’s focus. Legitimate projects don’t waste energy on every baseless attack; they keep building. Pi’s transparency is there if you look at their official updates, not rumor mills.
4- Calling Pi a scam and claiming Bybit “won’t list scams” is an opinion, not a fact. Pi’s had over 10 million KYC’d users, an open-source blockchain (launched in a test phase), and a clear vision for a mobile-first crypto economy—all verifiable via their whitepaper and app progress. Scams don’t invest years in tech development or global communities; they take the money and run. Bybit’s listing decisions are their own, but plenty of legit projects aren’t listed yet—doesn’t make them scams. Doubt is healthy, but dismissing Pi without evidence is just noise.
Pi Network isn’t perfect—it’s a work in progress with ambitious goals. But the scam label doesn’t hold up under scrutiny. It’s a free-to-join experiment in decentralized tech, not a get-rich-quick scheme. Do your own research beyond headlines: download the app, read the whitepaper, join the community. The truth isn’t in accusations—it’s in the work being don #BlockchainForAll