EagleEye
TRUSTED VERIFIED SELLER
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Pi Network: The Greatest Scam Attempt in History
With the straightforward yet enchanted promise, "Mine a digital currency for free from your phone, and one day it will be worth a lot," Pi Network has drawn millions of users worldwide since its 2019 inception.
But gradually, the outline of a project started to take shape, one that would go down as the largest soft fraud in cryptocurrency history and perhaps in internet history as a whole.
1. The Delusion of "Free" in Psychology
Free scarcity, a potent psychological idea, was the foundation of Pi Network.
Every day, users check on, "mine" by tapping a button, and get coins for free. Millions of people committed to using the app every day because they felt like they were getting something special for free, even if they were actually not gaining anything substantial.
2. A Covert Pyramid Plan
Users are asked to invite their friends in order to speed up mining. You mine more quickly if you bring in more referrals. Although the project expanded like wildfire as a result of this method, pyramid marketing models, which prioritize expansion over value or product, are fundamentally comparable.
3. No Value, No Transparency, No Product
Pi Network hasn't put the coin on any legitimate exchange for a while, despite the fact that it has millions of users. Rather, they provided fake "demo stores" in a controlled environment (controlled Mainnet).
The source code, commercial worth, and a clear plan for a real-world launch have not been made transparent.
4. Massive Collection of User Data
The application requests extensive permissions, including:
Having access to contacts
Location-based
Monitoring phone usage
All of this without providing explicit explanations of the data's protection or use. Millions of users could be dangerously exploited if this data is sold or misused.
5. Who Will Purchase Pi Using the Big Dump Trick?
The fact that the founding team owns a significant portion of the coins—roughly 20–25 percent—is among the most concerning aspects.
Users will be able to purchase Pi using actual dollars or other currencies when the open market opens, claiming that it has gained "valuability."
However, the truth is:
Ordinary folks who want to make money will be the demand.
The team themselves, who received the coins for free and will now sell them for actual money, will provide the enormous supply.
With the help of this cunning scheme, they are able to dump billions of coins, making enormous profits out of the purses of regular people—but the coin's value ultimately plummets as a result of severe supply inflation.
6. Millions of people wasted time on "nothing."
In the hopes of future prosperity, people have been putting in years of time, energy, and even relationships to promote Pi Network.
As a result, there is now no clear project, no genuine means of sale, and no measurable profits—just annual promises.
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In conclusion
A project based on psychological deception, the gathering of personal data, the labor of millions, and a financial plan that sets the stage for a gigantic digital wealth dump in favor of one party at the expense of everyone else, Pi Network is more than just a dubious coin.
If these steps are carried out as intended, Pi Network could end up being the largest soft scam in history in terms of the number of victims.
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