Dear Pi community 👨👨👧👧 , The founder and ceo of cyber capital Justin bones seven 7️⃣ allegations 😲 on Pi crypto. please pi community 👨👨👦 answer this seven allegations to Justin bone👇
1. Allegation:
“Pi is a scam because it’s an MLM-based mobile mining model that doesn’t contribute to consensus mechanisms.”
2. Allegation: “Claims of decentralization are misleading since the network remains highly centralized, with a 5-year main net delay and no major innovations.”
3.Allegation: “Pi’s core tech is just a copy of Stellar, making it neither scalable nor programmable due to its lack of a Turing-complete virtual machine.”
4. Allegation: “Pi’s referral-based system is just a way to lure in uninformed investors
5. Allegation: “Locking Pi to increase mining rates resembles a Ponzi scheme, trapping users while insiders cash out.”
6. Allegation: “No transparency about internal token allocation—some claim it’s as high as 20%, which is hypocritical for a KYC-enforced network.”
7. Allegation: “Pi is a worse version of MLM and Ponzi schemes, using an infinite token supply to enrich insiders.”
#pi #crypto #JustinBons #Binance #MarketCryptoInsights $BNB