Pi Network Losing Trust? SuperNode Control Sparks Decentralization Controversy

Pi Network is facing multiple challenges, from KYC problems to declining user interest, causing market sentiment to weaken. Once seen as a revolutionary crypto project, Pi is now struggling to keep its momentum. To make matters worse, its price has dropped below the crucial $1 mark from an all-time high of $3, leaving many Pioneers wondering – can Pi still deliver on its promises?

Is Pi Network Truly Decentralized? SuperNodes Raise Questions

Despite launching projects like PiDaoSwap and .pi domains to expand its ecosystem, concerns over Pi Network’s structure continue to grow. A new debate has emerged around its SuperNodes, with many questioning whether Pi Network is genuinely decentralized or just another centrally controlled system.

Pi Network claims to be a community-driven project, but its core team (PCT) controls the SuperNodes that validate transactions. Unlike Bitcoin or Ethereum, which rely on thousands of independent nodes, Pi’s network is tightly managed. Initially, only three SuperNodes existed, all operated by PCT in Canada and Finland. While this number has increased to 42, according to Piscan.io, transparency remains an issue.

The team has not provided a list of these SuperNodes or explained how they are selected, leaving many Pioneers confused.

Community Frustration Reaches Boiling Point

As Pi’s price continues to decline and decentralization concerns remain unresolved, frustration is rising among Pioneers. Many feel excluded from meaningful participation and rewards.

A Reddit post asking, “What is a SuperNode?” received vague answers from the team, explaining its technical role but not how users could become one. Meanwhile, Pioneers who have been running nodes for months report no progress or rewards, adding to skepticism. Some fear that only those with insider connections or high-end hardware can qualify, contradicting Pi Network’s promise of making crypto accessible to everyone. If participation is limited, is Pi Network really decentralized?

Who Is to Blame?

The Pi Network Core Team has assured users that they are working behind the scenes to increase Pi’s value. They blamed the price drop on Pioneers selling rather than buying, claiming that more demand would push prices back up.

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Is Pi Network a Scam?

Crypto analyst Justin Bons, Founder & CIO of Cyber Capital, has openly called Pi Network a scam. He pointed out flaws in its technology, tokenomics, and centralization, arguing that Pi relies heavily on Stellar’s technology and lacks true decentralized finance (DeFi) potential. Bons also criticized its mining model, likening it to a Ponzi scheme.

For Pi Network to regain trust, PCT must address these concerns by making the SuperNode selection process transparent, publishing a list of approved nodes, and ensuring fair rewards for participants. Until then, doubts will continue to overshadow Pi’s vision, and its price may struggle to recover.

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