American version of PTT discusses the future of Pi Network - come see what foreign netizens are saying.

The Pi Network, with a large community, has always been highly popular in various cryptocurrency discussion forums in Taiwan, and even beyond the cryptocurrency circle. Taiwanese netizens have also made many comments on the project. Have you heard enough of Taiwanese netizens' opinions on Pi Network? This time, let's take a look at how foreign netizens view Pi Network!

The Future of Pi Network?

Pi Network is a frequently mentioned cryptocurrency network (although as of now, Pi coins are still in the form of points and cannot be considered a cryptocurrency). Pi Network has a large community in Taiwan, with a significant number of loyal supporters.

Many cryptocurrency fan pages, LINE groups, the Digital Currency section of PTT, the blockchain section of Dcard, and even other writing platforms such as Fang Gezi and Chinese blockchain media, all feature articles and discussions about Pi Network (sometimes intense discussions). You may have seen these contents and may not want to see them anymore. Are you curious how international netizens view this project with mixed reviews?

A foreign netizen using the pseudonym rootkid openlydiscussed the future of Pi Network on Reddit, known as the American version of the PTT forum for cryptocurrencies.

The netizen expressed optimism about the consensus mechanism adopted by Pi Network – the Stellar Consensus Protocol (SCP), stating that this makes Pi coins more like a "people-centric" token. However, rootkid emphasized that Pi Network has few active users, and the mainnet release seems distant, making it challenging to achieve the expected goals:

"I believe it lacks sufficient usage, and personally, it seems unlikely to wait for the mainnet release. This is a pity because I think the community-focused SCP algorithm could potentially be globally adopted."

Opinions of Netizens

To eliminate biases from die-hard believers seeking quick wealth and to obtain more neutral opinions, the netizen solicited independent viewpoints online to understand how people outside the community perceive this project. Most of the comments from netizens below express a conservative or even bearish view on the development of Pi Network.

"As a decentralized pyramid scheme, although novel and successful to some extent, it is still a scam."

"I think this is a 'get-rich-quick scheme' conceived by someone with ideas for a mobile app. If it gains attention later on, it may be turned into a genuine cryptocurrency. Its promotional model disgusts me."

"Forgive me for saying this, but there are over 5,000 cryptocurrencies in the market, yet you choose to discuss the one without a mainnet and market price. To me, if this discussion board is all about trash coins, I must honestly give this post a negative review because it's just a lot of rubbish."

(During the writing of this article, the netizen deleted the original post for unknown reasons, but the comments still remain.)