Bybit CEO and co-founder Ben Zhou, alleged that Pi isn’t transparent about its project details; however, the things he shared to VnExpress about the coin recently, also seemed to lack ground, depth and details. He spoke as if he is the one new to the crypto-market.
"Many people have asked if Bybit will list Pi. While we have not interacted much with the project, we have conducted basic evaluations as we do with other cryptocurrencies," the Bybit CEO told VnExpress. Ben Zhou also warned that the Pi network targets people who are unfamiliar with cryptocurrency.
If people who are completely unfamiliar with cryptocurrency, read and understood about the project and waited for over 6 years for it to materialise, how is it so hard for someone with access to so much of information about crypto projects, to try and understand a little bit more about it before launching such a vicious attack?
The PCT has always stressed that their greatest goal is financial inclusivity. Millions of people who had no idea of Bybit before, currently know about the platform. Isn’t this enough to prove Pi’s organic impact on the crypto-world by itself? Even with a few tumbles, shouldn’t that level of inclusivity and participation be the future of a new crypto world, rather than staying as a dark corner none really trusts in?
"They advertise that by pressing a button, you can earn a lot of money. But they never explain how those returns are generated. Many people have received nothing, while leaks of internal information occasionally surface."
If Bybit CEO thinks that Pi is such a scam, or even worse than a meme coin, where are Bybit’s standards when they use Pi’s user-base to promote their own platform? Ads of Bybit and Binance regularly pop up on Pi’s platform while mining. Should I say more about such double-standards?
"I hope the founders or management team will step forward, maybe host a live-stream, so that people like me can understand the project. Instead, they have chosen to attack me and Bybit."
I am a freelancer who charge for my words, but I am not being paid to write here. I am here because I love the project. Similarly, most of the posts on social media against Bybit and Binance are directly from the Pi community, and not on the PCT’s directives. You can’t blame them; they are still learning. Established crypto-news platforms like CoinDesk and Decrypt haven’t even started reporting on Pi. The coin’s strong community is creating the buzz.
The project runs on internal trust circles formed. Pi’s blockchain technology, Stellar network, is not new to the crypto-industry either. To understand about the founders of Pi, or how strong their technical knowledge is, all you have to do is to go to Youtube and listen to Pi co-founder, Dr. Nicholas Kokkalis’s lectures on Blockchain to his students. He is not some myth that a CEO of Ben Zhou’s scale cannot trace if he so heroically busted those who fled with $ETH worth 1.5B from his exchange. Is all this pretending-not-to-know aimed at crashing Pi’s market and buy their their shares short before a major listing?
