Reasons People Think Pi Network is a Scam: • No Mainnet for Years: The project launched in 2019, but users still can’t fully trade or withdraw Pi coins outside the network. • No Clear Use Case: Unlike Bitcoin or Ethereum, Pi lacks real-world utility. • Referral-Based Growth: It relies on users inviting others, which some say resembles a pyramid scheme. • Data Privacy Concerns: The app collects personal data, raising security concerns.
Reasons Some Believe It’s Legit: • Large Community: Millions of users worldwide have joined. • Developers Still Active: The team claims they are working on launching the mainnet. • No Upfront Investment Required: Users “mine” Pi on their phones without spending money.
Final Verdict
Pi Network isn’t a traditional scam since it doesn’t require money to join, but it’s also not proven to be a legitimate cryptocurrency with real value. Until the mainnet is fully launched and Pi can be freely traded, it’s best to be cautious.