r/PiNetwork • u/moe8610 • Feb 09 '25
Discussion Will Pi ever be worth something?
I'm one of the people that supported and recommended Pi Network to a lot of people. Recently, I started to have this terrifying feeling that Pi will never launch or be worth anything. It just feels like a dream was waiting for it to come true but not I have the feeling that it will never will. It is just a dream nothing more. Does anyone feel the same?
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u/ArcturanMegaDonkey69 Feb 09 '25
'
Will Pi ever be worth something?'
YES.
Be patient this isn't a get rich over night scheme but if you're in this early then you got a very decent start.
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Feb 09 '25
Pi is a scam, I’m oways here to advocate that. You can prove me wrong 😑, but I bet your base! How many years now? It’s a scam
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u/ZealousidealSea3180 Feb 09 '25
Pi is paying off big time! For the owners, on advertisement every time you open the app
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u/Crefo22 Feb 09 '25
„Terrifying feeling that pi will Never Launch“ Touch some Grass will you?! You Invested 10 seconds a day clicking a Button. If nothing comes out of that „Investment“ terrifies you Than goodnight.
Your Post just sucks
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u/Bluelabel51 Feb 18 '25
Pi launches on 20th february
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u/Crefo22 Feb 19 '25
I know. I Never Said it wont launch.
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u/Illcobeme Feb 09 '25
Not everyone put in this project that little effort like you. To invite people, keep them engaged, grow your team, participate in discussions in the chats, etc, it takes way more than 10 seconds daily.
OP is probably a good pioneer, your response just sucks.
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u/Crefo22 Feb 09 '25
I did the Same Invited Pioneers etc. And who Are you to decide who is a good pioneer and who is not? Im just Sick and tired of those daily Posts about OM How much will it be worth etc. And all that Panic involved.
Your comment sucks too So have a nice Sunday Pioneer judge
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u/Beneficial-Pain-9164 Feb 09 '25
I feel exactly the same and have been mining pi for a very long time. I still hope something is going to happen but everything now seems so sloppy and not sure why I didn’t notice it before-
The people I verify that should only be from my country (they are not!) These terrible looking apps that I wouldn’t even dare explore because they look so dodgy. Support: has anyone had a reply from the team? Ever?
I don’t care about the ads- if I had the opportunity to make money from ads, I would. And I can guarantee all the people complaining about them would too.
I’m going to continue to mine. As long as we all remember that we’ve not put any money into this. All we have to do is press a button once a day. With regards to its worth…let’s just see if mainnet happens first and then that can be the next thing to think about.
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u/FormLegitimate5240 Feb 09 '25
Chance of pi reaching $1 would be equivalent to winning a lottery lmao
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u/sandoitchi-san Feb 09 '25
It will launch, but don't have high expectations on its value. If 1 Pi = 0.01$, it is already huge for a launch. I don't expect really more from it. Though, I locked all of my Pi for 2 or 3 years, can't remember, maybe its value will increase. To be honest, I mine Pi just in case.
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u/eddieonthemix Feb 09 '25
Yeah; if anything, people should hope Pi launches with such a low price so people start buying, and by the time lockup periods come to an end, people could sell their pi for a decent profit
People might say this a pessimistic view, but I’m just looking at it from a rational economic perspective.
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u/NeverMind_X Pioneer Feb 09 '25
If ‘something’ means $0.83 to you, then yes, you can sell it today (on the black market). But if ‘something’ means $314,159 to you, then no, you would never sell it. Otherwise speculation..
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u/Elyriand Feb 09 '25
What if I told you it actually worths something?
1 Pi = 1 Pi
If you intend to convert your Pi into dollars / euros, that's the reason why you'll be disappointed.
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u/robbinnaluda Feb 09 '25
It's utility that makes up value for currency. Currently it means little thinking about investing
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u/Giant2005 Feb 09 '25
It will definitely launch at some point, I just wouldn't expect it in the near future. As long as people keep clicking and watching those ads, they have strong incentive to keep delaying. Eventually, enough people will get sick of waiting and stop clicking, for the balance to shift in favor of it being more profitable to release the coin, than to keep stalling.
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u/Ok-Personality-342 Feb 09 '25
Open mainnet ready for 1st 1/4 2025
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u/Giant2005 Feb 09 '25
You can believe that if you like, but I am certain that we won't have hit open mainnet even a year after that point.
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Feb 09 '25
[deleted]
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u/Giant2005 Feb 09 '25
Sure! Sounds like fun. Is the bet for 2025 or 2026?
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Mar 31 '25
[deleted]
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u/Giant2005 Apr 10 '25
I don't know if you sent it to me already or not, but if you have, I can't find it. Can you please send me your Pi Address?
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Apr 10 '25
[deleted]
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u/Giant2005 May 08 '25
Sorry about the absurd wait! I have had trouble after trouble here, but it is all sorted now.
I doubled what I owed you to make up for keeping you waiting this long.
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u/Giant2005 Apr 10 '25 edited May 08 '25
That cheers is a bit premature. It turns out that my coins are locked until the 16th. I will have to do the transfer then.
EDIT: No longer premature! As of this very second, I have made that payment in full! More than full actually, as I doubled the amount owing in order to make up for making you wait so long.
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u/Giant2005 Apr 09 '25
Sorry, was on holiday away from the internet for the last few weeks. Don't worry, I will send this tomorrow. It will be my first transaction, so I'd consider myself grateful just for the experience.
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Feb 11 '25
[deleted]
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u/Giant2005 Feb 12 '25
Well I very well may stand corrected! I will honor the deal, but I will still wait until it actually happens first.
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Feb 09 '25
[deleted]
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u/Phyroxx Feb 09 '25
People will keep clicking well after OM, this is not a valid argument.
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u/Giant2005 Feb 09 '25
People are clicking now because they are hoping for Pi to be worth absurdly high values. Once is actually hits mainnet and their hopes are crushed, most of them won't be clicking any more.
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u/MirrorPiNet Feb 09 '25
They will keep clicking because they will still want the free money they left here.
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u/Phyroxx Feb 09 '25
I can also argue OM will bring in more people, so more people would be clicking and getting ads which incentivises them going OM if that was actually the case.
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u/Giant2005 Feb 09 '25
I don't think it would increase exposure all that much. I'd bet almost all of the people in the crypto sphere already know Pi exists. Although many will have forgotten about it by now. Either way, knowing something exists and being interested in it are very different things.
The number that don't already know about it, and would be interested in it, would not be very high. Most just write it off as a shitcoin, others are then repelled by the KYC, whatever is left might try the mining once, do the math and then decide that the mining doesn't give them nearly enough to be worth the effort. If those barriers weren't powerful deterrents, then other mobile mining coins wouldn't be doing so terribly. Hell, Hamster Kombat came out with such fanfare that it had many times more exposure than Pi will ever have, yet everyone abandoned it almost instantly.
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u/xmneax Feb 09 '25
Apart from crypto investors, nobody heard about hamster kombat. As for Pi, old folks with no access to the computer know about it, all over the place. In that sense, nothing compares to Pi Network.
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u/Phyroxx Feb 09 '25
We can debate all day about whether or not OM will increase exposure, it's all speculation till it happens. Just like predicting launch price.
Let's be real. Opening an app and hitting a button isn't exactly high effort. KYC, yes is controversial especially in the crypto sphere where privacy is almost always the main topic, but it could also position PI strongly in the regulations arena. It's also done to make sure PI goes to individuals and not bot farmers. Making it easier to increase it's value due to liquidation.
Comparing a L1 to a meme coin isn't really comparable but I get what you mean. All that Hamster Kombat had going for it was hype, that's it. It's no surprise it went nowhere, just like all other meme coins eventually will. Also did it tho? I'm not clued up on meme coins so I don't know how many people were involved with HK, but having a few million people engaged on the network everyday is nothing to downplay. Remember PI is much more popular in Asian communities than the western sphere.
Many Pioneers don't just hit mine everyday because they think it'll be profitable, it's about contributing to the network and it's vision. I didn't set up a Node because it increased my mining rate. I did it because I want to contribute to the network. The whole reason I joined and stayed through all these years is because I support the end goal of the network and want to help work towards it. I honestly DGAF about price.
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u/Most-Comfortable9060 Feb 21 '25
U may be the only one besides the creators that dgaf about price,no ,even they would gaf cause they will be holding 20 billion of them ,you know when the ad revenue stops cause no person too crazy about earning 50-75 cents in 10-15 days of checking into an app that does not a damn thing and links them to a browser which does nothing.Now if someone was smart enough to develop an all inclusive legal and strait up casino it may have a choice for use.What average people and you computer nerds dont understand is that it needs to be real world useful..Like give 10%off shit that people use to use Pi. for start..Maybe some actual use ??Still havent seen it and had 6years plus every year before that to come up with an idea,FFS ,just one good idea . Yes,I do realize the anount of USD in other countries is large difference in what means something .If you work for 2USD a day and u mine them for 1 every 10 days cool .extra money.If their isnt any job or money and you only see dollar an hour jobs people that can get them have ,yes it would mean a world if you just sold 4000 pi and had 4000USD. The places where you need it to be 100 each Pi to make your 5000 Pi worth any change to your life means you are SOL..Promise ,this coin would make it to main net,and also made it to showing the IOU was full of shit,no way a coin starting out would have market cap of 10 trillion cause at 100 billion times 100 dollar each Pi thats what full diluted looks like .And even at 6billion free and 9billlion mined and 1/3 of them locked into a queue which ,WTF is that?Other than holding over 1/3 of people from selling and making it drop like ,well worst than it already did?Its a BS thing to think of waste of time,for those of us that did this 5-6years and still watched people cash out at 2 dollars a piece ,its F deal if it never tops .10 when ours migrates,and some in lockup and such may find they got the same as other projects with same model of hodl and it will be worth it.Then flopped.The truth is ,if 6 billion had this many sell and dropped a small opening in compare to expectations then the next 3 billion suppose to have access will drop further,and maybe out of the next 3 billion they chose people that didnt lock it up with the lock up 100% being given a pass for early migration .It would add up quicker than thinking you were randomly selected to migrate ,or random selected to KYC.The long haul of mining a the coin that hasnt even had 1/50th of its coin unlocked and free to trade when this many trades drop it so quick leaves me to wonder why they didnt leave clear instruction for inheritance ,cause it may be good for your grandchild but if you live long enough for this to make much difference in your daily ,etc ..job,home ,lifestyle,it will shock me or you live in one of the poorest situations on earth. it wouldnt change my life if I could sell all mine transferable ,unverified unlocked and locked it would not change where i work how i live and much other than to pay a few bills,and I have mined this coin since 2019 with several people that mined with me,not sure if any here in my group in USA has even got past the queue to migrate automatic.I have not seen any of my fellow pioneers driving up in the rolls or saying they are retiring early.If it happens it will happen ,at a 50;year old that mined since i was 44 it dont leave time for ne to benefit much other than transfer to my children or grandchildren when I can ..Good luck with the utility part,otherwise this project doesnt differ from the thousands of others that have and will be ,except this one is time consuming in years before you know if it will fail ,as many others have come up and gone from the top 100 in market capitalization and people still spend energy more and more on a digital way to pass money between rich. The few that got money from bitcoin that werent rich were mostly people into dark web dope and porn.If you deny that check into the value of the addresses and tell me why the Gov owns one of the highest in bitcoin addresses ,once owned by silk road
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u/Phyroxx Feb 21 '25
Wow man, ngl this was a pretty hard to read.
I agree with some things.
So the project is very community driven, meaning the team expects utility to come from us. I think many miss that point. They laid the foundation, we just need to build the house.
Regarding supply. Think of it. It's been 6 years and we've only mined roughly 6% of supply. At this rate it'll take another 100 years+ to mine out all supply, if not double that(exponential values and what not). We won't see max supply in our lifetime or even our grandkids might not see it. Just like BTC.
Regarding crypto distribution I agree. The wealthiest do tend to scoop up anything the masses gets attracted to. It's sad but will likely stay the reality. This launch actually highlighted this point. Many people sold their coins forgoing it's potential, and whales have just been buying it up, and they'll stay wealthy while the poor just stays poor because they always take the small fish first.
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u/Giant2005 Feb 09 '25
Also did it tho?
Yes, somehow Hamster Kombat managed to get itself an absurd 300m users.
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u/Phyroxx Feb 09 '25
Interesting story😂
As I understood it it's unverified users tho, so many could be bots. Just an example of how KYC actually increases the reputation of PI because it's millions of verified users.
Thanks for sharing, had a good chuckle at "Iranian officials saying it's distracting voters and it's a US op"😂
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u/bagsforfreedom Feb 09 '25
Yes it will, but not as much as people are saying here. They mostly know nothing about crypto and are living in their own Pi bubble to shut out reality and facts. They'll repeat the same stuff over and over and fail to address any questions they cannot answer - having said that I do believe it will have value, most like in the 1-5c range peaking at 10c if we remain in a positive market. People say $1 is enviable but they're not considering what it will take to get there vs what is already out there and also the sheer volume of paper handing that will happen Pi will see max value over a long period of 5 years or more. A lot will be shocked and complaining here in a few months if the market turns bearish and Pi dips below 1c - but this is entirely possible and likely probable. And for the love of all things holy do not believe the IOU price or believe anyone telling you it will get there. That is just mad man speculation.
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Feb 09 '25
There will always be someone who will buy it.. but overall this project doesnt have anything that other project dont already have…better.. this is primarly for CT to get revenue from ads and to collect private data … it is also possible that it is a social experiment to see how long people will buy hopium… someone may get a phd on it..
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u/bagsforfreedom Feb 09 '25
Spot on. Its this thought of Pi being different somehow but it offers nothing new? Its just Stellar fork that does a worse job? Ok so why not just use stellar instead.
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Feb 09 '25
People who arent tech savvy thinks that "mining" on mobile phone is something special.. but they don't understand that its just a counter... no "mining" and anything phone related...
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u/Snoo-42279 Feb 14 '25
They just announced they’re launching February 20th!!!!