Pi coin is about to open its network, and it has been delayed for a whole 6 years. To be honest, it's quite outrageous. Claiming to allow ordinary people to mine with their mobile phones, it unexpectedly attracted 50 million people to register and 18 million people to complete KYC authentication. In Taiwan, you can even buy milk tea with Pi coins to pay rent. But have you noticed? The more you think about it, the more it seems off. The total supply is 100 billion coins, which is equivalent to a market value of 100 billion US dollars at 1 US dollar, more than one-third of the market value of Ethereum. But now only 2 billion have completed the main network migration, what are we planning to do with the remaining 98 billion? When will it be released? No one can explain it clearly. The funniest thing is that a project that claims to be decentralized has to rely on a mobile app to mine. Over the past six years, the online time on the main website has changed again and again, and KYC requires you to provide facial recognition address proof on your ID card, which is more troublesome than applying for a bank card. 80 so-called mainnet applications are mostly virtual, without even a decent application scenario. The outcome will be announced on February 20th. Either it has truly become a popular version of the blockchain world, or it is a large capital pool disguised as high-tech. Anyway, it's been so many years and it's not bad for these few days. Let's wait and see. Pi