Pi Network is struggling with several challenges, from KYC problems to the interest of downward users, the feeling of the market towards PI is fading. Adding to misfortunes, the PI network saw its price drop below the crucial brand $ 1 from its $ 3 summit, leaving many pioneers to question its long -term potential. Despite efforts to extend the ecosystem with projects like Pidaoswap and the launch of areas. PI, the concerns about the structure of the network have overshadowed its progress. Now, a new control over its supernodes has launched a debate on the question of whether the PI network is really decentralized or simply another centralized system disguised.
Supernodes: a centralization problem?
Pi Network claims to be a decentralized and community project, but in reality, its main team (PCT) controls the supernodes that validate transactions. Unlike Bitcoin or Ethereum, where thousands of independent nodes secure the network, the PI system remains closely managed. Initially, only three supernodes existed, all controlled by the PCT in Canada and Finland. Although the number has now increased to 42 according to Piscan.io, there is little transparency.
The team did not share a list of these supernodes or explained how they are selected, leaving many confused pioneers about the process.
However, with the recent drop in prices, KYC details, the controversy over its decentralization claims. Many pioneers become frustrated by the lack of rewards and possibilities of participation. A Reddit article asking: “What is a supernod?” Received of waves from the team, detailing only their technical role without clarifying how you could become a supernod.
On the other hand, regular pioneers who have been carrying out nodes for months do not report any progress or reward, more fueling skepticism. Some fear that only a group selected with initiate knowledge or powerful equipment can qualify, contradict the vision of Pi Network to make cryptography accessible to all. If participation is limited, then is the PI network really as decentralized as it claims?
Who to blame?
Meanwhile, the Pi Network Core team reassured the users they work hard behind the scenes to give Pi the value it deserves. They blamed the drop in prices to pioneers who only sell Pi instead of buying. According to them, once people start to buy, the price will increase.
Is Pi Network a scam?
Crypto Justin Bons, founder and CIO CIO Cyber Capital openly qualified Pi Network a scam. He highlighted the faults of his technology, his tokenomic and his centralization, arguing that Pi is strongly based on Stellar technology and lacks real decentralized finance potential (DEFI). Good also criticized his mining model, comparing it to a Ponzi diagram.
For the PI network to look at confidence, PCT must respond to these concerns by making the process of selecting transparent supernodes, by publishing a list of approved nodes and ensuring fair rewards for participants. Until then, doubts will continue to overshadow the PI vision, and its price could have trouble recovering.
