The hoarders have made a fortune, and the most foolish are the mindless supporters of the revolutionary couple Fan Chengdiao and Nicolas, who not only failed to earn any coins but also wasted a few years for free. #PiCoreTeam p#pi
The Pi Core Team (PCT) still holds significant control over the system, with 62.8 billion Pi stored in 6 wallets controlled by PCT, and an additional 20 billion Pi stored in 10,000 wallets associated with the team, indicating that PCT still possesses most of the supply and power.
💥 On the other hand, compared to the thousands of nodes in recent Bitcoin (over 21,000 nodes) or Ethereum (over 6,600 nodes), the number of 43 super nodes in the Pi Network is indeed very few.
🙏 This contradicts the fundamental principle of widespread decentralization in blockchain.
💥 The Pi Network is based on the Stellar Consensus Protocol (SCP), which prioritizes efficiency and low energy consumption as a consensus mechanism but heavily relies on trusted nodes (such as super nodes).
💥 Limiting the number of super nodes may simply be a temporary strategy to ensure system stability before scaling. However, if PCT does not disclose the selection criteria for super nodes or increase community participation, decentralization will still be questioned.
💥 The open network of Pi Network will launch on February 20, 2025, and list PI on CEX exchanges like OKX, indicating that the project has met certain conditions set by the development team earlier (e.g., 10 million users switching to the mainnet, over 19 million users verifying KYC). However, this does not mean the network is fully decentralized. The open network merely means that the Pi blockchain has removed the 'firewall' from the closed mainnet phase, allowing connections to external systems, including wallets and exchanges. This is a functional advancement but does not definitively prove that the network has achieved full decentralization.
💥 In fact, listing on CEX exchanges like OKX typically does not require the blockchain to be fully decentralized. Exchanges only need the token to have liquidity, possess a sufficiently large community, and meet their technical standards. Therefore, the event on February 20, 2025, can only be regarded as a milestone in business and technology, and does not reflect the true level of decentralization of Pi while the node infrastructure remains incomplete. #PiCoreTeam #pi
I have seen a lot of posts lately accusing PEP of being a scam or a fraud. The people making these accusations are either intentionally misleading or simply don’t know what they are talking about. They know that what they are buying on Robinhood is a picture of a frog and that their picture is “real.”
For all the new comers, I want to share a story that happened in the early days of PEPE (Ethereum) token:
After its launch in April 2023, the PEPE token has an initial low market cap and is not yet listed on any centralized exchanges. As an ERC-20 token on the Ethereum blockchain, it can only be traded on decentralized exchanges such as Uniswap. The developers have not given up ownership of the smart contract (yet) and are therefore still able to update it.
Good evening, guys 🐸 Recently, I’ve been digging into proof-of-work MEME coins. The vibe of raw mining combined with the chaotic energy of MEME is truly fascinating. These coins reawaken the exciting essence of crypto: decentralization, community-driven excitement, and raw potential. It feels like rediscovering the wild west of blockchain, but with the unique flavor of memes. Before we start our day, let’s reflect on the legendary quote from philosopher Pepe Plato:
“A wise man does not follow trends; he creates narratives.”
Why objectively speaking, $PEP is a better bet than $PEPE. TIPS: This is not financial advice. Let's talk about market capitalization:
$PEP has a market cap of less than 30 million dollars. $PEPE has a market cap of 7 billion dollars. For reference, the market caps of ETH and BTC are 400 billion dollars and 1.9 trillion dollars respectively.
Now let's assume you have 100 dollars of disposable income to gamble with, and you want to turn it into 1000 dollars. If your market cap can grow, you will make more money. So, if the market cap you are betting on has a lot of room for growth, you are more likely to turn that 100 dollars into 1000 dollars. If you bet that 100 dollars on ETH, it won't turn into 1000 dollars of ETH unless ETH's market cap jumps to 4 trillion dollars. Remember, BTC's market cap is 1.9 trillion dollars, so how likely is it that ETH will grow more than BTC?
$PEP has very low fees. I remember the last time I transferred 300,000 PEP, the transaction cost me a total of 0.002 PEP. Have you seen the fees for $PEPE? It is on the ETH chain, which is known for high fees. In short, betting on $PEPE is only worth it if you already have a lot of money.
$PEP has greater room for development; it is a real currency with its own blockchain, rather than a token on another currency's blockchain. Trading with it is very cheap. For me, choosing between $PEP and $PEPE is like choosing between a flawless diamond and a piece of glass.
I've been warning Bitcoin developers for ten years that privacy needs to be provided for at the protocol level. This is the final warning. The clock is ticking.$ZEC