When it comes to crypto, I’m pretty chill. I don’t really care much what people do or say, I don’t care what politicians think. I don’t care to ‘convert’ non Bitcoiners.
I do me, and I’m quite happy to let you do you.
But if there’s one thing that, for whatever reason, really gets my goat, then that is PI.
For those unfamiliar, PI is a ‘crypto’ ‘project’ that’s been around for a very long time. The idea was to ‘mine’ crypto on your phone.
The problem is that PI Network debuted well over five years ago, which is a long time in crypto, and nothing ever happened.
The mainnet launch has been announced a million times and then the people behind PI Network began requiring KYC. They’ve repeatedly delayed the launch.
Every single red flag in the world went up.
And yet, for whatever reason, despite the clear indicators that this is almost certainly a vapourware project, with no substance behind it, people still believe it in quite fiercely.
There are sub-reddits, and Facebook groups and Telegram groups.
And the people who believe in it are quite aggressive, and they even came up with a weird fake price for it.
The price goes up and down based on an IOU evaluation, and yes they mean IOU as in ‘I Owe You’.
PI has no real value because it doesn’t have a network, it doesn’t have liquidity, it doesn’t have anything. You can’t buy it, you can’t sell it, you can’t trade it. You can’t do anything.
Why so many people dedicate so much energy and time to PI is honestly beyond me.
The image for this story was created using Perplexity
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