Pi Network | Legal Troubles and User Skepticism Mount in 2025
A growing wave of skepticism hits Pi Network as many people question its legitimacy amid ongoing legal disputes and heavy scrutiny regarding its mining process. Online forums are abuzz with concerns over transparency and accountability, intensifying the project’s controversial reputation.
Legal Woes and Opaque Practices
Recent commentary exposes substantial issues within Pi Network. Some people assert that even seasoned crypto journalists struggle to accurately report on the platform. There are mentions of past legal actions against Pi, including a lawsuit over financial improprieties that was settled at the discovery phase.
“To get to the discovery phase means a judge was convinced the case had merit,” one person articulated, underscoring the seriousness of the allegations. Additionally, commentary suggests a growing sentiment that the project may not be genuine due to its failure to release transferrable balances. "Release the remainder of my tokens so I can dump them, please," another commenter pointed out.
Confusion Over Mining and Token Status
Concerns about mined Pi’s value are abundant. Some assert that mined Pi acts more like a voucher than an actual blockchain asset. "Calling Pi a modified version of SCP misrepresents its foundation," a commenter noted.
Skepticism continues around the claim that the project can handle vast transaction volumes. "Pi cannot process 70k TPS," a person remarked, emphasizing the misconception associated with Stellar's code base, which allows around 250 operations per second. Observations suggest that if Pi Network doesn’t innovate soon, its appeal may fade, especially among newer mainstream users who are treating it like a currency for selling goods.
Lack of Transparency Raises Eyebrows
The credibility of the Pi Foundation remains questionable, with claims suggesting it may not be a registered entity. Many people are digging into the initial supply of 100 billion Pi coins, controlled by developers. They raise suspicions about the organization’s veracity and tokenomics, which seem "just invented."
“We have no idea if the foundation non-profit is a registered entity or something PCT made up,” remarked one dissatisfied user. Concerns persist about the clarification of 20 billion tokens split across 20,000 wallets—why is there still no transparency on this issue?
Community Sentiment: Mixed Feelings
Participants in online discussions reflect varied emotions of frustration and disillusionment. While some continue to support the project, others concede they have lost faith. Quotes like "I had so much confidence in this project and it just came crashing down" illustrate a significant sentiment shift.
Sentiments run high, with some users pessimistic, stating, "It's been more than 3 months; if it really had potential, it should have at least stabilized at $3."
Key Highlights
△ Legal troubles hint at deeper issues within the project.
▽ Confusion over mined Pi’s status raises concerns about its value.
※ "This will fade if Pi Network doesn’t innovate," a commentator cautioned, reflecting growing urgency.
With ongoing issues surrounding transparency and clarity, skepticism about Pi Network is likely to persist. How the developers will resolve these problems remains to be seen as voices of doubt grow louder.