Pi Network’s Rise: A Digital Utopia or a New Tyranny?

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16.2 million souls now tethered to Pi’s mainnet, 17.4 million shackled by KYC, 148,000 merchants bound by digital chains-while the coin’s price wavers like a soul in purgatory.

Pi Network’s anniversary is less a celebration and more a requiem for the naive. One year since its “open” mainnet launch, the project has grown, yes-but at what cost? The numbers swell like a plague, yet the questions linger: Who truly benefits from this digital serfdom?

The project’s update reads like a manifesto for the next phase of global control. “Future plans” include digital identity services, a euphemism for surveillance. The AI feature? A tool to expedite the erasure of privacy, all in the name of “efficiency.”

User Growth and KYC Expansion

16.2 million users, 17.4 million “verified”-a statistic that glows with the same fervor as a cult’s scripture. Yet, what does “verified” mean in a world where data is the new currency? The founders whisper of KYC-as-a-Service, a venture that will surely outshine even the most ardent authoritarian regimes.

“Analysts” claim demand for digital identity tools is rising. Of course they do. Who else would profit from the erosion of anonymity? The AI, that paragon of progress, now serves as both judge and executioner in the court of identity.

Nodes, Merchants, and Ecosystem Activity

420 nodes, 148,000 merchants-each a cog in the machine. Local commerce users? A mere 2.1 million, a drop in the ocean of ambition. The “expansion” is a masquerade, a gilded cage for the desperate and the hopeful.

Yet, the founders remain silent on token burns, decentralization, or exchange listings. Their silence is a symphony of evasion, a testament to the emptiness beneath the hype.

Since the launch of Open Network, Pi has continued expanding across multiple dimensions of the ecosystem-from KYC and Mainnet migrations to developer activity and overall network participation. These milestones reflect the steady progress made possible through the collective…

– Pi Network (@PiCoreTeam)

The anniversary update is a eulogy for the uninitiated. Founders Nicolas Kokkalis and Chengdiao Fan outline priorities as if drafting a blueprint for a new world order. “Validator rewards”? A promise to the faithful, while the masses are left to wander the digital wilderness.

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Pi Coin Price and Technical Analysis

Pi Coin’s $0.20 peak was a mirage, now replaced by a $0.16 reality. The chart, a testament to human folly, shows a “dragonfly doji”-a pattern that traders hope signals a bullish reversal. But in the shadow of the Supertrend indicator, the coin teeters on the edge of a cliff, its fate as uncertain as the promises that birthed it.

The technical analysis is a riddle wrapped in a mystery, its meaning lost on all but the most devoted. Yet, the projection of a $0.2057 rebound is a cruel joke-a target that may never be reached, much like the promises of freedom this network claims to uphold.

Pi Network’s expansion is a paradox: a blockchain built on the backs of the many, yet owned by the few. One year in, the question remains-does this network serve its users, or does it merely exploit them?

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2026-02-25 09:44