Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 30+ AI models, with 0% extra fees
#PI This is a struggle between the grassroots people of the world and the elites. It is the last financial revolution for the common people to turn the tide. Pi is challenging various industries globally! They fear Pi's success, they are worried about Pi's success, they are even afraid of Pi's success!
🚨 Who doesn't want Pi to succeed? Why are they afraid?
The success of Pi is not just the rise of a cryptocurrency, but a redistribution of wealth and power. If Pi truly succeeds, it will impact the existing financial order and challenge multiple vested interests. Therefore, there are many people and organizations that do not want Pi to succeed, and they may even take various measures to hinder its development.
📌 1. Traditional financial institutions (banks, central banks, governments)
🔴 The success of Pi signifies the rise of decentralized currency, weakening the control of fiat currency systems.
• Traditional banks operate on a fiat currency system, where they control currency issuance, payment settlement, and the interest rate spread between deposits and loans, earning huge profits.
• Central bank monetary policy determines the direction of the economy, but the decentralized model of Pi is not under the control of the central bank, which prevents them from manipulating economic liquidity.
•If Pi can achieve global payments and value storage, the monopoly position of fiat currency will be weakened, and banks and governments will lose control over the economy.
✅ Their possible actions:
• Block Pi transactions through regulatory means, prohibiting banks from accepting Pi as a payment method.
• Discredit Pi, create FUD (fear, uncertainty, doubt), causing the public to lose confidence in Pi.
•Use legal means to intervene, claiming that Pi violates financial regulations, thereby hindering its popularity.
💡 The decentralized nature of Pi poses a challenge to the fiat currency system, and banks and governments will not easily allow it to succeed.
📌 2. Capital giants, crypto OGs, and speculative traders
🔴 Pi is an opportunity for ordinary people to acquire wealth, and capital giants and market manipulators cannot control it at a low price, so they do not want Pi to succeed.
• Traditional cryptocurrencies (such as BTC, ETH) were initially controlled by a very small number of capital holders, who hoarded them at a very low cost and then profited through market manipulation.
• The mode of Pi is completely different; ordinary people can mine for free, and capital cannot accumulate at low prices and then harvest at high positions, which breaks their habitual way of wealth accumulation.
•If Pi is successful, it will become the first cryptocurrency system led by ordinary people, rather than controlled by capital, and the OGs and big players in the crypto space will lose their control.
✅ Their possible actions:
• Continuously disparaging Pi, calling it a scam, with the aim of making ordinary people give up Pi on their own.
• Create chaos in Pi trading, manipulate the market to cause Pi prices to fluctuate wildly, instilling a sense of panic.
• Intentionally crashing the market on the exchange, creating negative public opinion, undermining the confidence in the Pi ecosystem.
💡 What OGs and market makers fear most is that Pi doesn't need them to succeed, and they can't manipulate the Pi market.
📌 3. Stakeholders of other cryptocurrency projects
🔴 The success of Pi may capture market share and challenge the existing ecosystem of crypto projects.
• Bitcoin is digital gold, Ethereum is a smart contract platform, while Pi is directly aimed at global payments, with a huge target market.
•If Pi really achieves decentralized payments, many payment projects built on BTC and ETH will be eliminated.
•Pi does not rely on miners, is not restricted by computing power, and does not require complex smart contracts. Its ease of use may reduce the competitiveness of other projects.
✅ Their possible actions:
• Discredit Pi, calling it a "centralized scam," with the aim of denying its value and driving users back to the BTC and ETH ecosystems.
•Spread negative information on social media to make people lose trust in Pi.
• Use technical means to attack the Pi ecosystem, such as DDoS, hacking, and other methods to disrupt Pi's operation.
💡 Pi's biggest competitive advantage is its popularity and decentralized mining, while other crypto projects may attempt to obstruct this to protect their own interests.
📌 4. National governments, especially those with a hostile attitude towards cryptocurrencies
🔴 The success of Pi will weaken the state's control over the economy, especially the impact on foreign exchange controls and the tax system.
Many countries do not want their national currencies to be replaced by decentralized currencies, as this would affect fiscal policy and monetary control.
•Pi allows for free trading globally, while many countries' foreign exchange policies rely on mandatory currency exchange controls.
•If Pi is widely used, the government will not be able to easily freeze assets, track the flow of funds, or implement capital controls.
✅ Their possible actions:
• Declare Pi trading illegal, prohibit domestic exchanges from supporting Pi, and even block Pi-related websites.
• Require banks to prohibit processing of funds related to Pi and block the conversion channel between fiat currency and Pi.
• Use media to promote that Pi is an illegal financial instrument to scare away ordinary users.
💡 The globalization and decentralized payment functionality of Pi may threaten government economic control, especially in countries that rely on fiat currency power.
📌 5. Technology blockade groups (such as tech giants, payment companies)
🔴 The rise of Pi may challenge traditional payment systems such as Visa, Mastercard, PayPal, etc.
•These companies rely on centralized payment systems to charge fees, while Pi may enable low-cost global payments, which could affect their profits.
•If Pi succeeds, their global payment market will face challenges as Pi does not require a bank account to transact.
The popularity of decentralized payments may cause traditional payment companies to lose their technological barriers and even lead to user migration.
✅ Their possible actions:
• Limit the use of Pi payments within their ecosystem, such as prohibiting Pi from circulating in Apple and Google payment systems.
• The coalition government promotes stricter cryptocurrency regulations to protect its market share.
•Develop your own cryptocurrency, trying to use capital power to block the growth of Pi.
💡 Pi is a decentralized payment system, while the core business model of technology payment giants is centralized settlement, and the interests of the two are in conflict.
🚀 Conclusion: The success of Pi challenges multiple vested interests that do not want it to succeed.
1️⃣ Traditional financial institutions (banks, central banks, governments) are worried about losing control over the monetary system.
2️⃣ The OGs and whales in the crypto world cannot control Pi; they want to suppress it to continue manipulating the market.
3️⃣ Other crypto projects do not want Pi to replace their market position.
4️⃣ The government may hinder the development of Pi because it threatens fiat currency sovereignty and financial regulation.
5️⃣ Technology payment companies may block Pi as it could impact their centralized payment profits.