The biggest scam attempt in history: Pi Network 🛑

Since its launch in 2019, Pi Network has attracted millions of users worldwide with a simple and enchanting promise: 'Mine a digital currency for free from your phone, and it will one day have great value.' But over time, the outlines of a project that may be recorded as the largest soft scam in the history of cryptocurrencies, and perhaps in the entire history of the internet, began to unfold.

1. The psychological illusion behind 'free'

Pi Network relied on a strong psychological principle: free scarcity. The user enters the app daily, presses the mining button, and receives 'coins' without paying anything. This feeling of owning something rare for free has made millions of people commit daily to running the app, while in reality, they are receiving no tangible real value.

2. Veiled pyramid marketing

To accelerate mining, users are asked to invite their friends. The more referrals, the faster the mining. This pattern has made the project spread like wildfire, but at its core, it is very close to pyramid marketing models that focus on expansion rather than real value or product.

3. No value, no transparency, no product

Despite millions of users, Pi Network has not listed the currency on any real trading platform for a long time, and all that has been offered are fake 'experimental stores' within the network, in a closed environment (Mainnet is closed). No transparency has been provided regarding the source code, economic value, or a clear plan for a real launch.

4. Massive collection of user data

The app requests broad permissions such as:

Access to contacts

Geolocation data

Tracking phone usage

All this without any actual clarification on how the data will be used or protected. If this data is exploited or sold, this alone constitutes a serious exploitation of millions of people.

5. The great liquidation scam: Who buys Pi?

One of the most dangerous points is that the founding team retains a massive percentage of the coins (estimated to exceed 20-25%). When the market opens, users will be allowed to buy Pi with dollars or other currencies, under the pretext that the currency has become 'valuable'.

But in reality:

The demand will come from ordinary people aspiring for profit.

The massive supply will come from the team itself that obtained the coins for free and will sell them for real money.

This clever plan allows them to liquidate billions of coins they own and make huge profits from the pockets of simple users, while the value of the currency collapses later due to excessive inflation in supply.

6. Millions wasted their time for 'nothing'

For years, people have invested their time, effort, and even relationships in promoting Pi Network, hoping for a future chance of wealth. The result so far: no real possibility of sale, no tangible profits, no clear project. Just promises renewed every year.

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Conclusion

Pi Network is not just a questionable currency; it is a project built on psychological exploitation, personal data, the efforts of millions, and an economic plan that opens the door to liquidating a massive digital wealth for the benefit of one party at the expense of everyone.

If these steps are carried out as planned, Pi Network could be recorded as the largest soft scam in history in terms of the number of those affected.