What is Pi Coin? The truth behind Wang Erye's satire of Pi Coin's social experiment.

Question

**Dialogue format:** **Old green hand**: “Bro, how long have you been mining PI?” **New miner**: “Three years! I’ve kept clicking the lightning every day, and I’ve saved up more than 8,000!” **Old green hand**: “If we go by the current black-market price, how much do you make?” **New miner**: “After counting the electricity costs… I’m about in the red for an iPhone.” **Old green hand**: “At least you can buy a car with it!” **New miner**: “Buy what car? The wheels for a PI car aren’t enough to pay for.” **Analysis:** The core logic of PI: it “mines for free” to attract users, but it’s actually using your social connections to exchange for “future air.” Those 8,000 PI you’ve accumulated over three years—if estimated at $0.01 each—are worth only $80, not even enough to cover one month’s property management fee for a seaside-view apartment. Even more ironic: the project forbids users from trading with cash, yet allows you to “buy coffee with PI”—and the coffee shop owner takes the PI and turns around to cash out on the black market. **The break-even dilemma:** - Time cost: three years of daily check-ins; even using the lowest hourly wage, the opportunity cost is at least $1,500. - Social cost: the awkwardness when trying to recruit people, the stares from family and friends—how do you even quantify those? - Final outcome: when the mainnet goes live, early miners have amassed tens of thousands of PI, while exchange prices will always stay below $0.001. What you think is “freely liquidating” is just the project’s designed “in-ecosystem circulation.” **One-liners:** “PI is not an investment project; it’s a massive social experiment—the experiment’s name is ‘getting you to put in money.’ While the green hands are busy counting lightning, the founders already used your traffic to secure the keys to their seaside-view home.” **User question:** “So here’s the question: if PI really gets listed on an exchange, who will the first wave of dumpers be?”

TheVanishedBullet · Accepted Answer

If it really is just a fart, then I want to ask—what kind of spirit is driving you people to keep coming back here day after day to post these long-winded rants you’re so addicted to? Can it actually make you money? Who can explain that? This is hilarious!

WangLian · Answer

If Second Master weren’t trapped up on the mountaintop, how could he keep posting about Pi in Pi Square all the time? If I’m not mistaken, he’d rather not cut his losses—even to the point of perishing together with Pi.

$PI Wang Er: "Is there anyone normal left in the PI circle?"

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