What is happening? The pioneers, who fought tooth and nail attacking Ben Zhou and Binance, are tired. Just like the initial days, there seems to be no upward trend on Pi’s graph as a result of their onslaughts. Every news online is the same old food, taken out of the fridge and heated in the oven; it has started to taste bad because of the routine now. The realisation has dawned: you cannot do this every day.
The market is not so much in the pioneers’ control as they hoped it to be. So, instead of trying to move the earth with a table fork, what can they do? What should they expect and what is the game that is unfolding here?
Let me cite two models before I begin: in sports tournaments, won’t the most hyped teams get crucified by the media if they don’t even get to the knock-outs? And wouldn’t an underdog be cheered and celebrated if they just got off the group stages? Let us try to combine and transmute these models into the patterns Pi network has been following. (Actually, not just Pi, a lot of renowned, long-term fighters follow this same technique.)
Our contender is not an underdog. But they lurk silently like one. When no one expects them to perform, there comes a lethal blow: homeruns, sixers, hat-tricks; enough to put a massive dent in the market. And what did they do to get there? We are not talking about Lionel Messi models, where you score a goal or two per match; this is the mountain trekker’s model, where you follow an ascending path, and deliver one step at a time! Thus, you only know the presence of the big team when they are right behind you; because you had ruled them off, and you were not paying close attention because they were not popping fireworks every night!
Pi Network has a habit of revealing their move only when the people around them have completely written them off. This doesn’t mean that they are waiting for people to underestimate them; just that they are methodical, even frustratingly so, but with a knack for delivering eventually. They prefer structure over hype - like getting the Mainnet stable and KYC sorted - even if it was a little messy. (I forgive them because that’s how massive their size is!)
They are setting the stage for bigger moves, even if it tests the patience of the pioneers. To a massive set of followers, who are new to the market, it is better to convey less and only what is most important. Because these are the guys who went FUD and sold their coins because Dr. Chengdio Fan appeared a little fatigued in her address on the day of the Open Network launch.
Pi’s vision is to democratise and simplify access to the crypto world with minimal usage of power; they know they have the onerous task of teaching millions of people who are new to the market about how the crypto-markets function. For this reason, they cannot create tutorials or create a video every day, calling out to their followers, like they are an army, to not sell and believe in them either. As I said, this is a democracy, where people are free to do whatever they want, and not a war in Normandy!
Coins locked for long-term stability -- only a small chunk of coins circulating in exchanges at present -- in open network, but not fully on mainnet yet, to build a strong foundation first -- developers have their skin in now because their rewards in Pi are not just some game tokens -- unlocking millions of coins every day so that the paper-hands are out of the equation before massive exchanges like Binance or Coinbase enters the game; this means less volatility during the prime-time show -- and when unnecessary coins and profiles are purged, the tokenomics grows strong, and the demand higher!
I am not against the people who sell early. Not everyone is going through an easy life. Pi has a strong user-base in Asia and Africa. And it is nearly impossible to ask a single-mother, trying to fend for her children, to sit and learn about tokenomics and have belief! The only way to let people learn is by application. They know that it is impossible to keep all the pioneers in the fold. (If you look at the chat-boxes in the Pi app, you will realise the levels of anxiety involved.) So, Pi’s hands-off approach would be to let people who are in need, cash out, while banking on new blood as the word spreads. This way, the revolutionary model will sustain, flourish, and democracy will still be functioning.
In simple words, they will look at the forest, and not at the trees. Those who see the pattern, will stick on. Having had a market cap of over $12B post launch is not small potatoes!
A year before Pi’s open network launched, most of the pioneers were screaming the project was a scam. But the network executed their plan with conviction, even if it was a slow-grind. The Pioneers were waiting for Pi day; but I had explained in a previous post that no big miracles were going to happen that day. Similarly, nothing is going to happen overnight. They have a plan: to lay the foundation first, and before maybe mid-year or more towards the year end, release the coin gradually from their clutches and make it fully decentralized; at a time when it’s best for the project and not for the hype. Whether or not exchanges like Binance will expect the network to go fully decentralized before they list the coin, or, are the Pi network working on a date for such a launch where selling pressure due to the pioneers will be the lowest (like post March 23 or April 1st week), we are yet to see!
Pi has delivered every time. And even if they are slow, their footmarks have been gigantic in the crypto-world. So, if you are a pioneer, keep pushing, keep reading. No need to spread fake news. And do not hope for a miracle overnight. The roots are spreading deep into the ground, and consistency is the key.
