Since its meteoric rise in popularity among mobile users across the globe, Pi Network has positioned itself as a revolutionary "mining on your phone" project with promises of a decentralized currency for the people. However, as we step deeper into 2025, the reality is starting to feel more like a ghost town than a crypto breakthrough.
Still No Verified Balances—Still No Clarity
For millions of Pi "miners," the dream of their unverified balances becoming usable currency remains just that—a dream. The Pi Core Team continues to keep users in a state of limbo. Wallets still show locked, untransferable balances while the Mainnet remains closed and largely incommunicado. Despite years of user activity and widespread anticipation, there has been no concrete roadmap or transparent updates from the team.
The Community’s Patience is Wearing Thin
What was once an excited community has become a frustrated crowd. Countless users are beginning to ask the same question: Was this all just a clever way to harvest data and build a user base with no intention of launching a real currency?
The lack of KYC verifications, the slow rollout of developer tools, and the almost ritualistic “announcements of announcements” have drawn comparisons to vaporware. While the Core Team continues to cite “security” and “network stability” as reasons for delay, the absence of measurable progress is fueling skepticism.
Scam Accusations Mount
Some users have gone as far as labeling the Pi Network a scam—not in the sense of stealing money (since no direct investment was required to mine), but in the sense of false hopes and misleading timelines. The accusation: that the Pi Core Team capitalized on user enthusiasm to build a massive database and social network under the guise of crypto innovation.
If there’s no intention to allow full access to Pi balances, and no functioning open mainnet in sight, then what separates Pi Network from a glorified points app?
Is There Still Hope?
There’s always a chance the Pi Core Team is building something big behind the scenes, with security audits and regulatory hurdles slowing the process. But in the absence of transparency, the benefit of the doubt is a shrinking currency—and this time, not one you can trade.
Conclusion:
The silence speaks louder than promises. Until Pi Network shows real, on-chain, user-controlled functionality with open balance transfers, the questions will only grow louder—and the faith, dimmer.
