Pi Network：它能与比特币竞争或击败吗？

Pi Network 由前斯坦福大学开发人员于 2018 年推出，迅速流行起来，吸引了超过 5000 万用户

Pi Network, a mobile-first cryptocurrency project, has quickly amassed over 50 million users since its launch in 2018. The initiative aims to make cryptocurrency more accessible and practical than Bitcoin.

Pi Network 是一个移动优先的加密货币项目，自 2018 年推出以来已迅速积累了超过 5000 万用户。该计划旨在使加密货币比比特币更容易获取和实用。

In contrast to Bitcoin, which necessitates specialized mining equipment and substantial energy consumption, Pi Network enables users to mine coins using their smartphones with minimal resource utilization.

与需要专门的采矿设备和大量能源消耗的比特币相比，Pi Network 使用户能够使用智能手机以最少的资源利用率来开采硬币。

One key advantage of Pi Network is its ease of use. Users can simply tap a button on their mobile devices once every 24 hours to mine Pi coins. This stands in stark contrast to Bitcoin mining, which requires specialized equipment and incurs hefty electricity costs.

Pi Network 的一大关键优势是其易用性。用户只需每 24 小时点击一次移动设备上的按钮即可开采 Pi 币。这与比特币挖矿形成鲜明对比，比特币挖矿需要专门的设备并产生高昂的电力成本。

The network has experienced exponential growth in its user base, reaching over 60 million miners (referred to as pioneers) as of late 2024. This large community is essential for establishing a robust ecosystem around the currency.

该网络的用户群经历了指数级增长，截至 2024 年末已覆盖超过 6000 万矿工（称为先锋）。这个大型社区对于围绕该货币建立强大的生态系统至关重要。

The developers have announced that over 27,000 businesses are ready to accept Pi coins once they become tradable. This focus on real-world use cases could set Pi apart from Bitcoin, which has largely been used as an investment asset rather than a functional currency.

开发商宣布，一旦 Pi 币可交易，超过 27,000 家企业已准备好接受 Pi 币。这种对现实世界用例的关注可能会让 Pi 与比特币区分开来，比特币主要被用作投资资产而不是功能货币。

The mining process in Pi Network employs a unique mechanism derived from the Stellar Consensus Protocol (SCP). This enables users to earn rewards for their participation while contributing to maintaining network security through a decentralized approach.

Pi Network 中的挖矿过程采用源自恒星共识协议（SCP）的独特机制。这使得用户能够通过参与获得奖励，同时通过去中心化的方式为维护网络安全做出贡献。

The main challenge for the project has been transitioning from its current state to a public mainnet where tokens can be traded freely. As of January 2025, the developers have extended the Know Your Customer (KYC) verification period to facilitate this transition for millions of users.

该项目的主要挑战是从当前状态过渡到可以自由交易代币的公共主网。自 2025 年 1 月起，开发人员延长了“了解你的客户”(KYC) 验证期，以促进数百万用户的这一过渡。

Despite its promising features, several challenges could hinder the success of Pi Coin:

尽管 Pi 币具有令人鼓舞的功能，但一些挑战可能会阻碍它的成功：

For any cryptocurrency to succeed, it must gain acceptance among users and merchants alike. While there are businesses ready to accept Pi coins, actual adoption will depend on how well the coin performs post-launch and whether it can maintain value. So, market acceptance is an issue.

任何加密货币要想成功，就必须获得用户和商家的认可。虽然有些企业准备接受 Pi 币，但实际采用将取决于该币发布后的表现以及是否能够保值。所以，市场接受度是一个问题。

There is a risk that many pioneers may sell their coins immediately after they become tradable, similar to trends observed with other cryptocurrencies like Hamster Kombat and Catizen. If this occurs en masse, it could lead to price volatility and diminish confidence in the coin’s long-term value. So, speculation risk is another issue.

许多先驱者可能会在其代币可交易后立即出售，这与 Hamster Kombat 和 Catizen 等其他加密货币观察到的趋势类似。如果这种情况大量发生，可能会导致价格波动并削弱人们对代币长期价值的信心。因此，投机风险是另一个问题。

Cryptocurrencies operate in an uncertain regulatory landscape that varies significantly across countries. Any adverse regulations could impact the usability and acceptance of Pi Coin. So, regulatory environment is yet another issue.

加密货币在不确定的监管环境中运作，各国之间的监管环境差异很大。任何不利的法规都可能影响 Pi 币的可用性和接受度。因此，监管环境是另一个问题。

Competing against established cryptocurrencies like Bitcoin poses another challenge for Pi Network. Bitcoin has built up significant brand recognition and trust over time; thus, convincing users to switch or adopt another coin will require substantial effort. Competition with established coins is therefore another issue.

与比特币等成熟的加密货币竞争给 Pi Network 带来了另一个挑战。随着时间的推移，比特币已经建立了显着的品牌认知度和信任度；因此，说服用户转换或采用另一种货币将需要付出巨大的努力。因此，与现有硬币的竞争是另一个问题。

As of now, the value of Pi remains undetermined since it is not yet listed on any exchanges or actively traded in financial markets. Until there is clarity on its market value post-launch, potential investors may remain skeptical about its viability compared to established cryptocurrencies.

截至目前，Pi 的价值仍未确定，因为它尚未在任何交易所上市或在金融市场上活跃交易。在其发布后的市场价值明确之前，潜在投资者可能仍对其与成熟加密货币相比的可行性持怀疑态度。

So, while Pi Network presents an innovative approach aimed at democratizing cryptocurrency access through smartphone mining and commerce integration, its success will ultimately depend on overcoming significant challenges related to market acceptance, speculative behavior among users, regulatory hurdles, competition with established cryptocurrencies like Bitcoin, and establishing a clear value proposition once trading begins.

因此，虽然 Pi Network 提出了一种创新方法，旨在通过智能手机挖矿和商业整合实现加密货币访问民主化，但其成功最终将取决于克服与市场接受度、用户投机行为、监管障碍、与比特币等成熟加密货币的竞争相关的重大挑战，交易开始后建立清晰的价值主张。