Why do they call the PI Network a scam and a pyramid scheme? What are they afraid of?

Since its inception, Pi Network has been attacked by a segment of cryptocurrency OGs and Bitcoin elites, even being labeled a "pyramid scheme" or "scam." But do they really care about the model of Pi Network, or are they just worried that it threatens their dominance?

The fact is, there are deeper fears hidden behind these accusations. Pi Network is not a scam—it disrupts the status quo that benefits a few elites.

1. PI Network disrupts the "wealth distribution" model that cryptocurrency OGs rely on.

The core principle of cryptocurrency OGs is: buy early at a low price, drive up the price, and then sell to retail investors.

🔸 Bitcoin, Ethereum, Solana, and other traditional cryptocurrencies were hoarded early on by tech insiders and wealthy investors at very low prices, who later made billions by manipulating the market.

🔸 Most profits for OGs come from retail investors who are forced to buy at extremely high prices.

🔸 They initially acquired tokens "almost for free" but ultimately sold them to everyday investors—making them the true holders.

Pi Network completely disrupts this system. The currency is not manipulated by capitalists but is fairly distributed to everyday users.

🔸 Pi Network allows tens of millions of ordinary people to mine Bitcoin for free on their phones, instead of allowing wealthy insiders to hoard Bitcoin in advance.

🔸 This means that OGs cannot accumulate Pi at nearly zero cost and then sell it to retail investors like they do with BTC and ETH.

🔸 Pi Network strips them of their "cheap accumulation advantage," empowering ordinary people—which OGs absolutely hate.

By undermining their "get rich first" plan, Pi Network has made itself a primary target for attacks.

2. They fear that PI Network proves that "free mining" is more effective than ICOs and venture capital funding.

Traditional OG profit model: ICO/IEO (fundraising + price manipulation).

🔸 Bitcoin had no ICO, but early adopters used mining power and wealth to dominate the supply.

🔸 Ethereum, Solana, and other projects handed large amounts of tokens to venture capitalists through ICOs and then heavily promoted them to retail investors.

🔸 The reality? Big capitalists profit first, and then...