The essence of virtual currency lies in decentralization; a true mainnet should allow everyone to trade freely and truly control their assets. However, the mainnet of Pi Coin is nothing more than a facade, a promise on paper, a slogan. On the surface, the Pi Coin mainnet is 'open', and exchanges have begun to display prices, but in reality, the entire ecosystem is still plagued by layers of 'cutting'—90% of users are struggling at the KYC checkpoint similar to Pinduoduo's 'cut', while the official remains silent on any substantive issues.
I. Comparison of Virtual Currency and True Decentralization
• The Ideal of Virtual Currency
True virtual currency relies on the decentralized characteristics of blockchain, allowing anyone to participate equally, with assets not controlled by a single entity. True mainnet openness means that global users can freely transfer, trade, and manage their digital assets without barriers.
• The Current Situation of Pi Coin
However, the so-called mainnet openness of Pi Coin is merely a flashy slogan. Although some exchanges displaying prices suggest movement, it does not mean Pi Coin has broken free from the shackles of centralization. The 'points' in user accounts are still a joke—watching the numbers rise yet unable to truly convert into freely circulating assets.
II. 90% of Users in the 'Cutting' Dilemma
• The Ironic Metaphor of 'Pinduoduo Cut'
In the Pi Coin ecosystem, the KYC review process is like a game that is always missing the final cut. 90% of users are stuck at this checkpoint. They continuously try and invite friends for assistance, hoping to break through this barrier, yet the vast majority can only anxiously watch the ever-increasing digit points.
• Opaque Reviews and Broken Trust
With unclear KYC standards and varying review speeds, it resembles a dramatically filled 'black box'. As pioneers eagerly await the unlocking of all functions, reality repeatedly wears down their enthusiasm and trust with delays and restrictions.
III. The Facade of Mainnet Openness and Its Internal Irony
• The Illusion of a Verbal Mainnet
Claiming mainnet openness and exchange listings, these glamorous numbers hide extremely centralized operations. True decentralization is not only reflected in code and consensus mechanisms but also requires real asset freedom and transparent operational models. Pi Coin merely stays at verbal promises, lacking substantial changes.
• Irony and Self-Mockery
If you still believe that Pi Coin can disrupt traditional finance, then you may have fallen victim to a verbal illusion. The seemingly rising numbers are, in fact, just a carefully packaged 'points' system, waiting for the day when all users wake up, and the ironic end of a bubble burst with the coin price going to zero becomes inevitable.
IV. Official Issues: Questions Can Remain Unanswered
In the face of numerous doubts—whether it's the chaos of KYC reviews, the true openness of the mainnet, or whether the ecosystem can genuinely achieve decentralization—the official stance has always been silence, without specific responses. To this, we can only sarcastically say: questions can remain unanswered, after all, verbal promises and a verbal mainnet are more dramatic than any explanation.
To summarize, the current situation of Pi Coin is undoubtedly a farce full of irony: on one side is the decentralized ideal that virtual currency should embody, while on the other is a mainnet that only relies on verbal promises to sustain itself. 90% of users are struggling at that 'Pinduoduo cut' checkpoint, the expectations of the pioneers are continually being consumed, and ultimately, when the public completely sees through the truth of this 'points game', zeroing out will be an inevitable conclusion.