Pi Network’s Secret Stash: Is It Really Decentralized, or Just a Big Joke?

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Well, well, well. Looks like the Pi Network is *really* living up to its name… and by that, I mean, it’s completely and utterly centralized! Oh yeah, it’s just a *small* group of insiders controlling 62.8 BILLION Pi Coins across six wallets, while another 20 billion coins are scattered around 10,000 mysterious wallets. Yup, that’s totally decentralized. 🙄

In case you missed it, Pi Network’s setup is as decentralized as a one-man band. With just 43 nodes and THREE validators, it’s got the *massive* power of a tricycle—compared to Bitcoin’s 21,000 nodes and Ethereum’s 6,600. So, don’t worry, decision-making is still in the hands of a very select few. Definitely no funny business here, folks! 😆

Pi Network’s Transparency? More Like Transparency Please! 🤔

Now, let’s talk about transparency, or the *complete lack of it*. PiScan—oh, you know, that blockchain tracking platform—tried to dig into Pi Network’s source code and on-chain data. But guess what? It’s more elusive than Bigfoot! 👀

PiScan boldly stated:
“Analyzing Pi Network’s source code and on-chain data is currently challenging due to its incomplete openness.” Yep, sounds about right. Maybe they need to work on their *transparency* skills… if that’s even a thing here. 🙃

Pi Network’s Popularity is in Freefall

And now, the cherry on top of this deliciously decentralized cake. Pi Network’s popularity? Well, it’s dropped like a bad joke. Since the mainnet launch on February 20th, Google Trends shows a colossal 88% drop in search interest. Talk about a flame out.🔥

On launch day, the search interest peaked at 100 (because who doesn’t love shiny new things?). But now? It’s a mere 12. That’s right, a sad 12. I mean, really, you couldn’t even buy a decent cup of coffee with that level of interest. ☕

Well, looks like Pi Network is rolling the dice and hoping for the best. Let’s see how this decentralization saga ends—if it ever ends at all. Stay tuned, folks! 🤷‍♂️

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2025-03-12 20:59