The KYC Honeypot*


526M KYC is Pi’s moat and liability. All ID data sits with Core Team. One hack or subpoena = 526M users exposed. Worldcoin at least decentralizes iris data. Pi uses Web2 KYC model. Bull case: needed for compliance. Bear case: regulator target. Until KYC decentralizes, it’s a risk.
#PiNetwork #WCTCTradingKingPK
#GateSquareMayTradingShare
PI0.67%
WLD3.77%
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