The recent Pi Network price of $0.68, a 14% decrease, is alarming and has rightfully caused concern. We've seen similar stories before, and the shadow of Mantra's (OM) billion-dollar collapse looms large. Don’t get distracted by the charts and technocratese. This isn’t just a numbers game; this is a people game.
I've spoken to Pioneers – everyday individuals who've poured hours into mining Pi, fueled by the promise of a decentralized future. Maria, a single mother in Argentina aspires to launch a small e-commerce venture. She ultimately wants to empower her community through her Pi venture. To David— a retired teacher in Ohio — Pi opens the door between the analog and digital worlds. He wants to leave a livable climate legacy to his grandchildren. These are real aspirations, real expectations, connected to this project. Are they foolish to believe? Absolutely not. They're betting on something bigger than a price chart. They're betting on a vision.
The community has turned into a divisive, threatening cacophony of intolerance and self-interest. It’s no surprise that people are rightfully freaking out. They call attention to the poor transparency and the authoritarian structure of the Pi Core Team, who control more than 1/2 of the total supply of Pi, per data. Others remain staunch believers, highlighting the project's strengths: its slow token release, growing utility, and massive user base. Now is not the time for faith-based initiatives or knee-jerk responses. It's a time for honest conversation.
One thing is clear: Pi Network faces a critical juncture. Now is the time for the Pi Core Team to engage in a process of real, deep listening—not token engagement—to address the widespread concerns of its community.
Think of Pi Network as a town. A community that has been blood, sweat and tear put into by all its citizens to create. When they make these decisions behind closed doors, distrust is inevitable. For the Pi Core Team, it’s time to adopt a more democratic disposition. Consider thriving Decentralized Autonomous Organizations (DAOs) such as MakerDAO or Uniswap. They succeed in large part because local residents empower community members to help guide and shape the project’s development. They vote on the best proposals, work together to shape the overall roadmap, and keep our leaders accountable.
Pi Network can learn from this. Imagine the opposite, a system where Pioneers focus on actively proposing improvements. They can vote on major decisions and have a direct hand in shaping the network’s future. Increased transparency, accountability, and innovation would flourish. Whether in response to critics or not, this goes far beyond simply pandering to critics—it’s a way to reveal the real power of the Pi Network.
The community is speaking. It's time to answer. Begin by holding regular AMAs (Ask Me Anything) with the community where you answer tough questions publicly. Post comprehensive build blogs, going into the details of your design decisions and why you made them. Most importantly, reserve a formal process for community members to propose and vote on changes to the project. Introduce a token burn mechanism. In light of the current imbalance between supply and demand, consider introducing a burn mechanism. Get those listings on the big exchanges – that’s a no-brainer and a solid signal of legitimacy and progress right there.
Tackle the 67 billion tokens owned by the founding team. That's a major red flag. Prove you're not going to rug pull.
To the Pi Network community: don't be silent. Get together, raise a ruckus, and call for increased transparency and accountability. Join online cohorts, develop artist-driven projects, lobby for reform in your own pipeline. Join changemakers through creativesofcolor.org. Your voice matters. Future of Pi Network depends on you. Future development of Pi Network will rely on you. Think of the answers to these questions—what would a truly decentralized, community-owned Pi Network be like—and work to make that happen.
To me, Pi Network’s current status evokes memories of this early period of the internet. It was creative, risky, chaotic, scary, and full of promise. Just like the internet, Pi Network has the power to connect people, empower communities, and create a more equitable world. It has to be done on a foundation of trust, transparency, and inclusivity.
The RSI (Relative Strength Index) might be signaling an upcoming trend reversal. A real recovery won’t come from a mere technical rebound. Any legitimacy it wins route will lie in how effectively it can rebuild trust, empower the community and embrace a truly decentralized vision. Don’t wait for the future to arrive—help to build it with us. The power lies within the community.
To the Pi Network community: don't be silent. Organize, voice your concerns, and demand greater transparency and accountability. Participate in online forums, create community-led initiatives, and advocate for change within the project. Your voice matters. The future of Pi Network is in your hands. Ask yourselves, what would a truly decentralized and community-owned Pi Network look like, and then fight for it.
One Last Thought
Pi Network's current situation reminds me of the early days of the internet. It was messy, uncertain, and full of potential. Just like the internet, Pi Network has the power to connect people, empower communities, and create a more equitable world. But it needs to be built on a foundation of trust, transparency, and inclusivity.
The Relative Strength Index (RSI) might be signaling a potential trend reversal, but true recovery won't come from a technical bounce. It will come from rebuilding trust, empowering the community, and embracing a truly decentralized vision. Let's not just hope for the best; let's work together to create it. The power lies within the community.
