On March 14, 2025, the 'great blockchain revolution' of Pi Network did not fulfill the promises that believers fantasized about, but continued to appease the community with ambiguous progress announcements. This inevitably raises the question: Is Pi an unfulfilled myth or an overly successful joke?
Does Pi really have value?
From a technical and market perspective, Pi does not have recognized trading value. It does not possess the real market consensus, decentralized network, and stable trading circulation like Bitcoin does; rather, it resembles a points system that circulates within a closed system. The core issue with Pi is that it has never truly been able to enter the free market for trading; all 'value' remains merely in the imaginations of its believers. Although the project team has continually emphasized that 'the mainnet is about to launch,' each delay raises further doubts about whether this is just a 'big pie-in-the-sky' delaying strategy.
The Believer's Obsession: Persistence or Self-Deception?
The Pi community is extremely fanatical, constantly promoting 'zero-cost mining,' as if clicking a button could usher in financial freedom. But the problem is, time is also a cost, and faith cannot be eaten. Believers are willing to believe that Pi is the successor to Bitcoin, but reality is not as gentle as they hope. A real blockchain project requires a transparent technical architecture, an open economic model, and a freely circulating market, rather than an 'ecosystem construction' that is repeatedly delayed and indefinitely awaited.
What is the future of Pi?
For Pi Network, if it truly wants to become a valuable cryptocurrency, it must overcome the following obstacles:
Truly open the mainnet— it cannot always be 'about to launch'; Pi must enter free market trading, rather than being confined within a 'closed mainnet' fantasy.
Introduce real application scenarios—Pi needs a truly viable payment ecosystem, rather than relying on the community for self-entertainment.
Transparency of the project team—The Pi team has always remained mysterious, lacking a clear white paper and development roadmap, and lacking the true spirit of blockchain.
Conclusion: Has Pi really come to an end?
The arrival and departure of March 14 left many believers confused and disappointed. However, whether Pi has completely reached its end may depend on developments in the coming months. If it remains mired in delays and empty talk, the final outcome may indeed resemble that of Plus Coin or Fun Coin, becoming a part of a bubble history. For those who are still holding on, perhaps it is time to reflect: Are you waiting for value to be realized, or are you merely self-hypnotizing?
