u/mini01753

For some, Pi may look free, but for many others, Pi was never truly cost-free.

Some people run nodes, promote and write posts to invite others to Pi, participate in utilities and events, watch ads, contribute to the KYC system, and so on.

In other words, if you consider the participation involved in everything PICT has created, Pi is not free.

Furthermore, the fact that some people have purchased Pi with money on exchanges until now is not free either. The fact that Pi has managed to survive on exchanges until now implies that someone has been continuously buying it.

So, it is not just people who have simply pressed buttons who are here. The logic of those who defend PICT, claiming there is nothing to lose simply because it is free, is incorrect.

Nothing can be achieved entirely for free. Someone's time, energy, and money have clearly been consumed in this.

Of course, all of this is a matter of individual choice, but they also have the right and freedom to point out issues regarding PICT and Pi.

I believe it is wrong for people to dismiss others by saying, "You have no right to criticize simply because you have enjoyed everything for free."

Honestly, a significant number of people remaining here still harbor lingering feelings for Pi, but it is simply that their expressions and perspectives on Pi differ.

Personally, I believe one of the major issues is that the rewards (migration) for those who contributed to Pi have been delayed too long.

For instance, the fact that referral bonuses haven't been paid out for over seven years means that those who contributed the most to the ecosystem's expansion are no longer being motivated.

(However, the ongoing second migration is moving too slowly)

The fact that the number of miners is lower than during the enclosed mainnet era indicates that this project is facing serious problems.

Without a large-scale community for Pi, it means the project will end. Imagine what would happen if the massive numbers that PICT has used as marketing language for years were to disappear.

The community needs motivation. And I believe that motivation lies in rewards and Pi value.

For most people, there is no reason to contribute to anything without a vision, value, and rewards for their contributions.

However, PICT is failing to provide the motivation to keep the community contributing for years to come. And we are all aware of this problem.

reddit.com
u/mini01753 — 3 days ago

The new base mining rate increased by 8.9% in July. What does this mean?

July: 0.0024179 Pi/h

June: 0.0022191

May: 0.0021320

Does it mean that miners are continuing to leave? It also increased by 4% last month.

reddit.com
u/mini01753 — 6 days ago

What does it mean for the price to hit a new low on Pi2day?

During the Pi2day event, the fact that the price drop over 24 hours is the worst among 100 coins and hits a new low is by no means the fault of the market and is not a normal situation.

Furthermore, additional evidence can be found in CoinMarketCap’s crypto performance comparisons over 24h, 7d, 30d, 60d, and 90d days, revealing that Pi is declining significantly more than other cryptocurrencies.

one:

https://www.reddit.com/r/PiNetwork/comments/1tou7fn/pi_which_has_been_falling_for_1_year_and_3_months/

two:

https://www.reddit.com/r/PiNetwork/comments/1quje1u/pi_is_the_crypto_with_the_largest_decline_over/

three:

https://www.reddit.com/r/PiNetwork/comments/1sg0e1z/when_the_market_rises_pi_rises_the_least_and_when/

Pi has been continuously plummeting for 1 year and 5 months since its listing, and it recorded a new low on Pi2day, the very event they boast about.

Moreover, the fact that Pi has experienced major crashes during seven events—last year’s Pi Day, Pi2day, Consensus, Token2049, and this year—is unrelated to the market.

u/mini01753 — 7 days ago

The Worst Pi2day Once Again: biggest drop in the past 24 hours

Among the top 100 crypto by market cap, Pi is experiencing the biggest drop in 24 hours.

Pi has always risen before events, only to plummet again. However, this time, it is crashing without even managing to rise.

The price is now set to fall below 0.1. This project has no strength left. PICT holds completely different views from the community.

Check out Pi's performance over the past year and four months since its listing here.

https://www.reddit.com/r/PiNetwork/comments/1tou7fn/pi_which_has_been_falling_for_1_year_and_3_months/

Pi's price drop cannot simply be blamed on the market. Pi is falling more significantly than most crypto.

Everything is a beta release and in test mode. Pi started in 2019, and it has been over 7 years, but there isn't a single thing that is properly finished and running.

u/mini01753 — 8 days ago

Why does Pi price keep dropping?

Bulbybot, a developer friend from the community, answers this question:

Live on-chain data:

Core Team sent to CEXs: 110,142,051 π

Scams from Pioneers: 63,795,008 π stolen

Of that scammed: 11,219,484 π sold to CEXs

Total confirmed CEX sell pressure: 121,361,535 π

That's 121 MILLION Pi dumped team sells + scammer liquidations.

Not speculation. Tracked live.

Price down 94%? Now you know why.

Trackers:

https://pct.crumbs.host/

https://crumbs.host/modules/sweeps/basic.php

others try to copy but fail!

https://x.com/bulbybot/status/2062560818563268854

reddit.com
u/mini01753 — 1 month ago
▲ 171 r/PiNetwork

Pi, which has been falling for 1 year and 3 months since listing, Pi's performance is as follows:

Pi's performance is as follows:

(Based on top 100 cryptos by market cap)

• -3.17% over 7 days (11th in decline rate)

• -21.32% over 30 days (6th in decline rate)

• -17.06% over 90 days (13th in decline rate)

• -81.6% over 1 year (3th in decline rate)

• Down 95.2% from peak: $3 → $0.142

While some supporters attribute this to the market downturn, Pi has a uniquely higher decline rate than any other crypto. And this has been the case for a continuous period of 1 year and 3 months.

u/mini01753 — 1 month ago