I decided to put together an article with clear, fact-based questions and answers about the Pi Network. The reason? I’m tired of seeing misinformation spread by people who have no idea what they’re talking about. Let’s go through things point by point:
1) Is Pi Network a scam?
No, it’s not.
2) Why isn’t it a scam?
Personally, I’ve transferred over 1,000 Pi coins from my wallet to exchanges where I can convert them into USDT anytime.
3) Are there people who still haven’t migrated their Pi to their wallets?
Yes, but migrations are ongoing. As long as users follow the whitepaper guidelines, they’ll eventually complete the process and have full access to their coins.
4) Were coins locked for 3 years?
Yes — but it wasn’t automatic. Users chose to lock their coins in exchange for higher mining rates. Many people agreed to this without reading the details and now complain. Ironically, those who locked for 3 years are likely the lucky ones, as they’ll avoid the temptation to sell at extremely low prices early on.
5) Is Pi a memecoin?
No. Pi is a real cryptocurrency with its own blockchain.
6) How does the blockchain function if it’s just a “tap-to-mine” coin with no computing power?
That’s a misconception. The Pi Network is powered by around 600,000 computers running nodes through a program called Docker. Anyone can run a node and help secure the network, receiving daily node rewards in return.
7) Are there people who think Pi will hit $314,000?
Yes, but this has nothing to do with the official network. The core team has never suggested such a price. In fact, when asked about Pi’s value before open mainnet, the official response has been: the currency currently has no value.
8) Why does Pi Network attract so many haters?
There are multiple reasons. Some people are simply confused and lump the Pi app in with unrelated apps like Telegram. Others lack even a basic understanding of how crypto and blockchain work. And of course, there are always loud voices in any space — the ones who talk the most often know the least.