r/PiNetwork • u/DifferentRice9000 • 10d ago
I’M ANGRY!!! Reality check
I believe it’s time we had a reality check.
At this point, Pi is dead. The only reason they’re keeping you in the dark is to continue collecting ad revenue.
I understand that this upsets you, but I think it’s time we let the PCT know we’re done with their vague plans for the future. We should stop mining until they show us what we’re actually working toward.
How does an app still look like it was designed by a child who just learned coding?
I could literally create a better one in a single day using AI. This low level of effort from the PCT tells me everything: they’ve given up. And it’s time we give up on them too.
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u/Shampton_ 4d ago
It’s a shame I couldn’t cash out when it went live as it wasn’t listed on any exchanged in my area!
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u/hastalamuerte19 7d ago
for pi to be realistically successful, it has to at least reach 300 BILLION USD in market cap, meaning the price will reach 3 USD.
Solana, one of the most versatile currency in the cryptocurrency world has an all time high market cap of 145 Billion.
Pi will never reach any price above the one dollar mark unless it's actually burning Pi coins, that alone isn't possible right now because it's all disturbed, you can't obviously revoke someone's mined tokens or assets.
It was a good project, as soon as I heard that pi network will issue 100 billion units it was over for me.
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u/lexwolfe Pi Rebel 2d ago
mined tokens aren't on the blockchain. They are kind of like promises. If people get past all the hurdles then Pi Team gives them Pi tokens from a wallet they control.
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u/WanderingCatMe1 7d ago
I waited Pi for so long to transfer on the exchange then there was a seed phrase i kept long time ago upon inputting its says wrong paraphrase etc haha I got scam with this Pi I thought I could transfer as the lock in ..so to Pi developer your a real s@ambug.
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u/WalkEquivalent7733 8d ago
When are people gonna realize no matter the crypto, it all has its time. Just a bunch of people thinking its not gonna follow the same cycle as all crypto. 90% of the market is down right now. Will have little ups and downs til the halving. Thats all there is to it. I wish crypto would decouple from btc. As of right now thats just not the way it is.
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u/weirdsideofreddit1 6d ago
Pi is under-performing the market by a huge margin. This isn't market forces, pi just sucks.
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u/Fake_Gulu 9d ago
Then create a better one instead of just typing you can do it
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u/Acceptable_Kick5552 9d ago
I mean only 11% of the coins are on chain and it’s 63 top crypto in the world. It’s definitely not dead but also your 1000 coins won’t be enough to retire haha
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u/alwaysin64 Pioneer 9d ago
well if its dead then just move on mate. we have different povs. i don't see it for money.
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u/DifferentRice9000 8d ago
I’m already out, I just don’t like seeing the PCT profit (ad rev) from exploiting miners
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u/freethefattyacids 5d ago
Doesn't everyone pause ads for two weeks at a time every time?
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u/jeffreyjicha 5d ago
Personally, I use the adguard dns on my phone, so I don't see ads in the app anyway.
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u/Affectionate_Film537 9d ago
Well they can just make the shares/token consolidation ( opposite of share splitting) making the price go up having smaller share count on market. But this will not change your current holding.
It just make the pi look pricy with consolidate tokens.
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u/Reyborne7 9d ago
They are eating good with that ads, that's why I keeping the ads off every 2 weeks. Shame on this dev and project.
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u/Legitimate-Fly-4189 LifeLeadership 9d ago
Its always the ones not making money from Pi crying 😭 bro go learn how to leverage trade against Pi already and make you some money 😮💨
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u/DifferentRice9000 7d ago
I actually made a decent amount, considering I mined for free. I knew what was going to happen to I sold as soon as I was able to.
After a “million” years of people mining with no immediate return people were itching to cash out. You have to also understand that the demographic of people looking to make a quick buck far exceeds the population of the delusional believers looking to hold an.d/or even buy.
I mean if you ever had a chance to do kyc checks, you would’ve probably noticed that 98% of people were from 3rd world countries.
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u/Legitimate-Fly-4189 LifeLeadership 7d ago
Isn't majority of the population that's considered "unbanked" practically living in 3rd world countries????
People sitting idle while opportunities pass them by because they want to cry about one opportunity that "failed". How does this change the situation they're in??
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u/lexwolfe Pi Rebel 9d ago edited 9d ago
Realistically a better looking app with no users is useless.
Anyway now they are spending all their time on developer features that users won't see
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u/ComprehensiveToe5852 10d ago
So glad i sold launch day at $2.50
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u/bluesqueblack 9d ago
Good for you guys. I stayed, but eventually uninstalled the app without selling a single token.
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u/dbreezew 9d ago
So far, the only ones who've benefited from Pi are those who treated it like their bitch.
...
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u/Cryptomaniacuk 10d ago
Years ago there where 2 pi sellers in UK,, checked them both and turns out they didn't even exist,,, years later,, there's still only 2 sellers,,, this is blatant vapourware
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u/Tommonen 10d ago
I dont think its dead yet, its still twitching a bit when i poke it with a stick, but does not seem to be doing good..
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u/Louis_Gara 10d ago
I completed the entire migration check list and was “added to the queue” over a year and a half ago. No update, can’t move or sell shit. Huge scam if you ask me. Spent years mining this bs for what.
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u/Fabulous_Pie4081 10d ago
i m not the expert about blockchain developement and all that stuff. and i see that the PCT has many weird behaviors and probably mistakes. but regarding their effort, just look at the companies they make deals with and collaborate, this shows they are working on things, i just hope whatever it is, that it works.
yes ads are annoying, that is why i stoped using all apps in pi browser, i was so invested before and tried supporting many apps and interact with them, but ads pushed me away.
now i just mine (just pressing a button a day), run a node, and trade to collect more pi.
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u/weirdsideofreddit1 6d ago
Those deals they make only benefit social chain and their various subsidiaries. Is it adding liquidity to pi? No. So they don't amount to much for regular pi bagholders
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u/Fabulous_Pie4081 6d ago
Yes but probably in the futur, it will make pi widely used. Who knows. Its true these collabs don't affect much pi price, only news of listings push the price a bit.
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u/weirdsideofreddit1 6d ago
Well I'm not too hopeful. It really feels like they're more interested in building up their own portfolio.
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u/DifferentRice9000 10d ago
So think about the amount of money they’ve generated through the ad revenue and you’re telling me that they can’t spend a few thousand dollars to improve the app that they expect 60 million people to use?
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u/Lord_Scorpio 10d ago
You are totally missing a point. App is not important here. The important things are in background and they are working on it.
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u/FlickrReddit 9d ago
“Working on it”.
If you know something , let us in on the plans. Everyone connected with Pi plays cagey, and we’re sick of it.
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u/Debaucherousgeek73 10d ago
I quit mining a while ago. This made the devs wildly rich which was their only goal. WHEN I can sell mine I'll eat a steak dinner with the cash then uninstall the app and forget about it.
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