What is the Pi Backend and Management doing ? Users who have spent years just waiting and listening to all instructions are now posting on Binance and asking for small lil things that ideally a Pi support system should be resolving. Either they are not informed or there isn't my support mechanism.
They have been promised the moon I guess. Poor things do not even understand that if KYC and some important features are being managed by the Backend then this is a Semi Centralized system and not fully decentralised at all.
Users are complaining that their Pi coins are disappearing from their wallets. Some mentioning that they are unaware of how to complete KYC etc.
Why don't they understand that the Pi ecosystem may sound decentralised but it is unilaterally controlled by a few people.
Some users have also shared wallet balance in 6 or 7 figures. Imagine what is gonna happen when liquidity pumps in.
It is also funny when the I'll informed compare this to top Cryptos. They must understand few things :
1. BTC nd another minable Cryptos cost users money to mine, hence they have an eccentric value.
2. Pi has built great community but are they investors ? I doubt as 90% of them do not understand Blockchain or how the markets function.
3. 100Bill Pi and the fans think it will hit 100$ or 1000$ etc, not understanding that any decent 100B coin in circulation has settled or 10c or less except few like XRP which is something Pi will take Billions of years to come near to.
I just hope good sense prevails and users / buyers are cautious.
Pi coin according to me is just a glorious version of the One Coin. It's free to mine but the mining wallets are centralized ( as admins n Pi tech can control them ) meaning they can anytime be managed by one click or one person running the show.
If this post upsets some die hard fans of Pi who want to make it rich without investing and feel that this offends them. I am sorry. But it will be sad seeing them sorry at the end of the day.
