Tuan Pham 84 @TuanPi1989 - Twitter Profile

Tuan Pham 84 @TuanPi1989

8 months ago

@Tuanhienbm2205 Cũng giá như sàn thôi gi mà

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Mr Spock 𝛑 @MrSpockApe

10 months ago

Pi Network: Seven Years In Still Waiting on the Promise For seven years, millions of pioneers showed up every single day. We mined. We invited. We verified identities. We ran nodes. We built apps. We believed. But today, the truth is uncomfortable and it needs to be said. Pi Network has failed to deliver on key promises that directly impact trust, value, and long-term sustainability. 1. The Missing Second Migration One of the biggest unresolved issues is the second migration. Millions of pioneers are still waiting on: •Referral bonus Pi •KYC rewards •App usage / ecosystem participation Pi This Pi was earned, not gifted. Yet it remains locked, undefined, and undelivered while timelines stay vague and communication grows quieter. A blockchain economy cannot thrive when earned balances exist only as promises. 2. Price Collapse Was Predictable Let’s be honest: the price drop didn’t come out of nowhere. What happened? •Large amounts of Pi unlocked •No strong real-world utility at scale •No fully open, unrestricted blockchain economy •Selling pressure with no counter-demand When pioneers finally gain access to liquidity after years of waiting and there’s no meaningful way to use the coin—selling becomes the only option. That’s not greed. That’s human behavior. 3. “Apps” Without Real Economic Gravity Yes, there are Pi apps. But most of them: •Don’t generate real demand •Don’t create sustained Pi sinks •Don’t operate freely outside Pi-controlled rails Browsing apps, clicking buttons, or testing demos does not equal a functioning economy. A real blockchain needs: •Open commerce •External integrations •Developers with freedom •Businesses that need Pi—not just accept it symbolically Right now, Pi feels more sandboxed than sovereign. 4. Not Fully Launched = Not Fully Trusted After seven years, Pi is still: •Heavily controlled by the Core Team •Limited in external movement •Dependent on internal permissions and phases Decentralization is not a slogan—it’s a condition. As long as: •Supply timing is controlled •Access is gated •Rules can change without clear governance Then Pi is not yet a fully open blockchain, no matter how many nodes exist. 5. The Cost of Silence The most damaging issue isn’t delays—it’s communication. Pioneers don’t expect perfection. They expect: •Clear timelines •Honest updates •Accountability for missed milestones Silence breeds speculation. Speculation destroys confidence. Confidence is everything in crypto. 6. The Ongoing KYC Backlog Is Breaking Trust Even now—after years of mining and compliance—a large number of pioneers are still waiting for KYC approval. These are not inactive users. These are people who: •Mined consistently for years •Submitted documents in good faith •Followed every rule set by the system Yet they remain stuck in limbo—unable to migrate, unable to access their Pi, and unable to participate fully in the ecosystem. KYC was supposed to be the gateway to legitimacy. Instead, it has become a bottleneck. When people do everything asked of them and still can’t move forward, frustration turns into disengagement. And disengagement is far more dangerous than criticism. A blockchain cannot claim to be inclusive or global while millions of verified participants are locked out of their own balances. Why This Matters The delays in KYC don’t just hurt individuals—they hurt Pi’s credibility: •Fewer migrated wallets •Lower active participation •Reduced trust in future rollouts •More selling pressure from those who do get unlocked This creates a two-class system: those who can access Pi—and those still waiting. That is not decentralization. That is structural imbalance. The Reality Check If KYC remains unresolved at scale: •Adoption stalls •Builders lose confidence •Long-term holders lose patience @PiCoreTeam @nkokkalis