Pi Network truly resembles a "religion" like a Holy God, where people can conjure up extremely absurd, anti-scientific, non-financial information... to implant into the minds of the "sheep" holding Pi; or come up with naive, ridiculous stories and explanations that many in that community still believe!
For example, when the price of Pi dropped below $1, they claimed the exchange was looking to borrow, steal, or sell off Pi at a low price, urging everyone to withdraw to personal wallets to avoid losses!
Or: the low price of Pi when it hits the exchange is a brilliant strategy by PCT (the admin hasn’t figured out who PCT is yet).
In recent days, as Pi approached $3, they are being fed the idea that Pi is worth more than Bitcoin, so the price is not dropping at all!
In addition, there are countless fictional tales claiming that Pi will replace global cash, serve as a tool against dark forces manipulating the world, or that it is the currency of brains from Mars... The Pi community believing these things shows their lack of understanding of economics, currency, and even common awareness!
Recently, they have been spreading rumors that the price of Pi is about to increase x5 x10, and when it hits the Binance exchange, a price of $20 is normal.
In the past, we saw Pi as a fun project, well, it’s fine... people can tap the lightning for fun.
But at this point, we genuinely feel worried for the ignorant "sheep" of a "religion" being manipulated by profit-seeking individuals.
People will spend their own money to buy more Pi with the belief and hope of x5 x10, and one thing is FOR SURE: It will be dumped into dust, leaving a few million bewildered sheep who don’t understand why they lost all their money. This could be one of the most disastrous withdrawals, the biggest fraud in the history of cryptocurrency!
If you are a Pi holder, please pay attention:
- The founders of Pi Network are not divine beings; they are human, they crave money, and they will withdraw money from your wallet like countless other projects.
- The information you hear, the lofty praises... about Pi mainly come from the "whale teams" in the crypto space. They act with motives: Pi holders are their "sheep".
- Pi Mainnet does not have any advanced technology; it is a copy of the Stellar source code and has yet to have any applications on the mainnet. In other words, it is completely useless and will remain useless (it won’t surpass Stellar).
- The Pi supply is held by a group, lacking transparency about locking policies, allocation... They slowly "bestow favors" on those who have mined by requiring KYC queues, allowing new participants to receive actual Picoin, while previously, it was just a number in the app. This is truly a dangerous manipulation of supply.
- Don’t believe words, terms, technologies, stories... that you don’t understand (like "connection circles"). Much of the information from the Pi community seems like a farce to us, do you understand?
- Don’t spend your own money to buy more Pi, you will regret it. The Pi you mine can be held until the price is reasonable to sell.
Official information:
- The Chinese police have identified Pi Network as a scam, particularly targeting the elderly, causing personal data leaks and financial losses.
- Ben Zhou, CEO of the Bybit exchange, emphasized that Pi Network lacks transparency and shows signs of fraud, advising users to be cautious.
- Pi Network has been criticized for lacking transparency in its operational mechanisms and information about the development team.
Our previous posts were for entertainment, while this one is a real warning. Please take note, and if you are not satisfied, please do not hack us like you did with ByBit!
#PiNetwork #pinetworkvietnam
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