Pi Network is not widely regarded as a true blockchain project, for the following reasons:

Lack of publicly transparent development code and on-chain activities: The developers of Pi Network have not made their underlying blockchain code public, nor have they published project information on major blockchain bulletin boards (such as GitHub, Bitcointalk, etc.). This makes it difficult for outsiders to verify its on-chain activities and security.

Lack of nodes and centralized control: One of the core features of blockchain is decentralization, whereas the Pi Network relies on a centralized server to operate, which contradicts the fundamental principles of blockchain.

Suspicion of pyramid scheme: The operation of Pi Network involves artificially driving up coin value through invitation links, a model similar to a pyramid scheme, where profits are gained by bringing in new participants rather than through transparent market behavior.

No practical application scenarios: Although Pi Network claims its coin value will rise based on user participation and value contributions, its application scenarios and actual uses remain unclear, affecting its practicality and recognition as a currency.

FIL is different from Pi!

I firmly believe that IPFS is a great Web3 foundational network from the United States. FIL is worth having and can be communicated among each other. ———— The most orthodox scientist in the coin circle, Teacher Old Apple 👨‍🏫