18/02/2025
Why do the so-called crypto OGs and Bitcoin bigwigs say that PiNetwork is a pyramid scheme and a scam? What are they afraid of?
Since its inception, PiNetwork has been attacked by some crypto OGs and Bitcoin bigwigs, and has even been labeled ** "MLM" and "scam" ** Do they really care about PiNetwork's model, or are they afraid that PiNetwork will affect their interests?
In fact, behind their attacks, there are deeper anxieties and fears. PiNetwork is not a scam, but a challenge to vested interests.
1. PiNetwork subverts the "wealth distribution model" that OGs in the cryptocurrency circle are accustomed to
The core wealth logic of crypto OGs is: buy in at low prices in the early stages, and then pull up prices at high levels to reap the profits of retail investors. •Traditional cryptocurrencies such as Bitcoin, Ethereum, Solana, etc. were all hoarded at low cost by a very small number of technology geeks and capital tycoons in the early days, and then huge profits were made through hype and market increases.
• The vast majority of crypto OGs make their money by relying on ordinary retail investors to buy at high prices.
•They got the coins almost "for free" in the early days, but ended up selling them to retail investors, making retail investors the real payers.
✓ PiNetwork adopts a completely different distribution method. The coins are not manipulated by capital, but distributed to ordinary users.
•PiNetwork allows tens of millions of ordinary people to mine for free through their mobile phones, instead of letting capital hoard goods first.
•This means that OGs cannot hoard Pi at extremely low costs and then reap retail investors at high prices like they manipulate Bitcoin and Ethereum.
•PiNetwork deprives OGs of their "low-cost chip advantage" and allows ordinary people to own assets first, which makes OGs extremely uncomfortable.
• PiNetwork makes the OGs' wealth game ineffective, so they vigorously attack PiNetwork, trying to get people to abandon this fair distribution model.
2. They are afraid that PiNetwork will prove that "free mining" is more effective than ICO and capital manipulation
The long-term profit model of cryptocurrency OGs is: ICO/IEO (fundraising + speculation).
•Bitcoin has no ICO, but those who master BTC early can use the absolute advantages of computing power and capital accumulation to control the market supply.
•Projects such as Ethereum and Solana all use ICO or private placement to allow capital giants to hold most of the chips first, and then use marketing to pull up the market to allow ordinary investors to enter the market.
•The essence of this model is: let the capital make profits first, and then ordinary people come in to pay.
✓ PiNetwork does not need ICO at all, nor does it require capital first. Instead, it allows global users to "mine for free" and create a true consensus currency.
•PiNetwork proves one thing: "Free mining" + "user consensus" can also build a global digital currency without relying on capital games.
•If PiNetwork succeeds, it means that future crypto projects can develop directly based on user consensus without relying on capital or ICO.
• This will have a huge impact on the capital model of the entire cryptocurrency industry, causing OGs to lose control of the market.
PiNetwork may become the representative of "de-capitalized" cryptocurrency, which scares the OGs who are used to manipulating the market.
3. They don't want PiNetwork to challenge Bitcoin's status as "digital gold"
✔ The core interest point of Bitcoin OGs is that Bitcoin is the only "digital gold".
• They want all funds and consensus to flow into Bitcoin, ensuring BTC's long-term market dominance.
• Any new project that may affect the status of BTC will be attacked and discredited by them.
•They use a large number of social networks, KOLs, and media resources to establish the perception that "Bitcoin is the only one" and suppress any potential competitors.
✓ PiNetwork has the potential to challenge BTC because it has a broader user base and practical application scenarios.
•BTC mainly relies on the concept of "stored value", while PiNetwork directly cuts into payments, transactions, and daily economic activities.
•PiNetwork is the "currency of the everyday economy", while BTC is the "store of value for the rich", and the positioning of the two is completely different.
•Once PiNetwork successfully establishes a global payment system, Bitcoin's status as "digital gold" may be impacted.
Bitcoin OGs are worried that PiNetwork may become "a new generation of truly circulating cryptocurrency", causing BTC's value growth to lose momentum.
4. They cannot control PiNetwork, and cannot even buy Pi
✔ The OGs in the cryptocurrency circle are used to low-price layouts, but PiNetwork makes them "at a loss as to where to start". •Traditional crypto projects can obtain a large number of chips through early financing, private placement, and low-price over-the-counter transactions.
•But PiNetwork is not a capital-driven project.
Even if they have more funds, they cannot hoard Pi at a low price.
•This makes them extremely uneasy because they are used to "controlling the market" and PiNetwork leaves them with no advantage.
✓ Even though they attacked PiNetwork, some people were still secretly involved. They said "PiNetwork is a scam", but many people secretly registered Pi accounts and even tried to obtain Pi through the over-the-counter market.
•They are afraid of PiNetwork's success, but they are also afraid of missing out on the wealth opportunities that PiNetwork may bring.
•This is a typical "double standard": publicly being bearish and privately making plans to avoid being the last one to enter the market.
They say that PiNetwork has no value, but in fact it is because they cannot get Pi and they want Pi more than anyone else.
Conclusion: PiNetwork scares crypto OGs and Bitcoin bigwigs!
1 PiNetwork deprived the OGs of their low-price chip advantage and allowed ordinary people to take the lead, which they could not accept.
2 PiNetwork proves that "free mining + consensus" is more effective than ICO/capital operation, threatening the traditional capital model of the cryptocurrency circle.
3 PiNetwork may become a truly circulated global currency, challenging Bitcoin's position as "digital gold".
4 PiNetwork is not a capital-driven project. OGs cannot manipulate the market or even buy at a low price, which makes them anxious.
5 They verbally attack PiNetwork, but in fact they are paying close attention to it and even making plans secretly, for fear of missing out on possible wealth opportunities in the future.
