Is Pi Coin a Scam? Why are users losing trust in Pi Network?

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Is Pi Coin the Greatest Illusion Since the Last Magic Show? 🎩✨

Ah, the Pi Core team, those gallant knights of the digital realm, have once again postponed the KYC deadline and the mainnet launch, leaving their loyal subjects in a state of bewilderment. One might wonder if they are merely jesters in a grand circus, for the audience is beginning to suspect that this entire spectacle may be nothing more than a cleverly orchestrated ruse. 🎭

On the fateful day of January 30, the deadline for KYC (Know Your Customer) verification and the migration to the mainnet was extended to February 28, 2025. How delightful! Pioneers, who have been waiting with bated breath since 2021, are now left to twiddle their thumbs in anticipation of a launch that seems as elusive as a mirage in the desert. 🌵

With promises of a mainnet launch in Q1 of 2025, one cannot help but feel a twinge of skepticism. The delays have been as frequent as a London drizzle, and the fans are growing weary of the endless excuses. Is it a grand scam, or merely a comedy of errors? The audience is left to ponder. 🤔

A Core Team that does not know the words ‘We are SORRY!’

KYC began in 2021, and mass KYC followed in 2022. Yet, the deadline for KYC has been pushed back again and again—with one excuse after another—without a single apology or acknowledgment of broken promises.

Pioneers were…

— Dr Picoin (@Dr_Picoin) January 31, 2025

As the clock ticks on, Pioneers are beginning to question whether Pi is a beacon of hope or merely a mirage in the vast desert of cryptocurrency. After three long years of waiting, the patience of the masses is wearing thin. The Core team assures us that this extension is merely a benevolent gesture, granting Pioneers more time to secure their precious coins. How generous! 🙄

The KYC and Mainnet migration deadlines for the Grace Period have been extended to February 28, 2025, ensuring Pioneers have additional time and opportunity to secure their Pi. Read the full announcement to learn more about the extension and importance of the Grace Period.…

— Pi Network (@PiCoreTeam) January 31, 2025

In a twist of irony, the Pi Network has declared that the KYC extension is entirely separate from the Open Network preparations, which are still on track for their original Q1 2025 timeline. How splendidly convoluted! Pioneers who fail to meet their KYC obligations by the new deadline will face the tragic fate of losing their coin holdings forever. A fate worse than death, indeed! 💔

As we await the grand unveiling of the mainnet, one cannot help but wonder if the Pi Core team will rise to the occasion or fade into the annals of forgotten dreams. With over 60 million eager users waiting to claim their Pi Coin, the pressure mounts. Will they deliver, or will this tale end in farce? Only time will tell! ⏳

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2025-01-31 10:29