#pi

Scammers in the Chinese community are starting a new wave again with manipulated-photo (p-picture) outputs. After TV media reported the “Pi moment” of some people, they’ve begun fantasizing and mass-producing nonsense output—things like which bank is getting involved and “the government is laying out plans,” with a bunch of ghost stories. So far, they haven’t even implemented a distributed ledger functionality. Can they even become a real chain? Big question marks, really.

In the history of global public chains, the only project that’s dragged out the node setup for over three years, and has already made countless transfers, with zero allocation of gas fees—besides grand narrative slogans, what stands out the most is that the ad spend wins. Second, it’s the coin where they buried the most “believers.” Since listing, the overall trend has only been down, never up. You tell me why.

There’s no transparency in the data; power is concentrated in the hands of the dog-whale insiders. For 7 and a half years, they never once communicated with the community. You should wake up—are they just a bunch of newbies who never truly understood the industry in the first place? If you ask me, before long you’ll see Pi trading below $0.05 per coin.