Pi Network – A Revolution in Decentralized Finance?
Remember when we all got hyped after Chengdao Fan boldly claimed that just 300 Pi would be enough for financial freedom? That was the magic of decentralized finance, it hit different You downloaded the Pi Network app, mined every single day, and stayed glued to updates, fueled by influencers hyping up conspiracy-level predictions that Pi would hit a GCV of $314,159. It became the dream for billions living in developing countries. We passionately shared it with friends and family, preaching the project's bold vision, one even rumored to replace $BTC Bitcoin. (Let's be real, every memecoin says that to lure users in.)
That was the dopamine hit that blinded us to critical thinking, and we brushed off the flaws in other people’s analysis. Sure, the dream is still alive but it's been weathered by fading trust. Most of us now just hope Pi can ride the market and go up in value. Nobody's really excited to mine anymore. Chengdao Fan never repeated her “300 Pi = financial freedom” statement. Before Pi was even listed, she was already backtracking: “Pi doesn’t comply!” Since then, Nicolas Kokkalis showed up once, just before Pi Day to talk about the .pi domain.
And then? Radio silence. No major progress. Just small updates to cool down the heat from the community. The real disappointment came when Pi dropped from $2.7 to now desperately hanging around $0.6.
6 years in, and the PCT team hasn’t delivered a single reliable partnership. The hackathons that made noise 3 years ago? Forgotten. Most of the ecosystems on Pi Browser are still in test mode. Dev teams likely moved on, lacking the financial support to keep Pi Network apps alive.
Now it’s just vague, baseless speculation. The PCT team vanished: no communication, no exchanges, no statements. Right now, I truly believe the patience of Pioneers is admirable but it’s a patience born from the hope that someday, the Pi Network will reward their loyalty.
