贾斯汀·鲍恩斯（Justin Bons）在该项目上，PI Network面临重新审查

Pi Network正在面临重新审查之后，在Cyber​​capital的创始人Justin Bons公开为该项目打上了“骗局”。

A series of posts on X (formerly Twitter) by Justin Bons, founder of CyberCapital, have seen the executive slam Pi Network for what he described as a “deeply flawed” technology, business model, and tokenomics.

Cyber​​Capital的创始人Justin Bons在X（以前称为Twitter）上的一系列帖子已经看到了执行SLAM PI网络，他称其为“深处有缺陷”的技术，商业模式和标记学。

As such, Bons argued that the network is a “scam” that could potentially harm investors.

因此，BONS认为该网络是一种可能损害投资者的“骗局”。

Is Pi Network a Scam?

PI网络是骗局吗？

Highlighting several issues with the network, Bons began by suggesting that despite its claims of decentralization, Pi Network remains heavily centralized.

BONS突出了网络的几个问题，首先提出，尽管它声称是权力下放的，但PI网络仍在大量集中。

“PI is fully permissioned (centralized) and everything requires KYC, even simple transactions! PI is an investment scam; it is that bad,” he asserted.

他断言：“ PI是完全许可的（集中式），一切都需要KYC，甚至是简单的交易！PI都是投资骗局；这是如此糟糕。”

Furthermore, Bons pointed out that the mainnet launch, which has been delayed for five years, is a testament to the network’s inability to deliver on its promises of innovation and decentralization. Notably, one of the major claims the executive made was that Pi Network’s core technology was copied from Stellar (XLM)

此外，BONS指出，已推迟五年的主网发射证明了该网络无法履行其创新和权力下放的承诺。值得注意的是，高管提出的主要主张之一是PI Network的核心技术是从Stellar（XLM）复制的

However, Bons argued that the absence of a Turing-complete virtual machine (VM) limits Pi Network’s potential for decentralized finance (DeFi), making it a “pipedream.” According to Bons, this renders the network neither scalable nor programmable.

但是，邦斯认为，没有图灵完整的虚拟机（VM）限制了PI网络的分散融资（DEFI）的潜力，使其成为“ PipedReam”。根据BONS的说法，这使网络既不可扩展也不可编程。

Another key concern that Bons raised was Pi Network’s referral program, which he likened to a Multi-Level Marketing (MLM) scheme. According to Bons, this system generates unnecessary costs for the network without providing real benefits to users.

Bons提出的另一个关键问题是PI Network的推荐计划，他将其比作多层营销（MLM）计划。根据BONS的说法，该系统为网络生成了不必要的成本，而无需为用户提供真正的收益。

“Each user must refer 5 users and complete tasks to unlock the next stage of the 'mining' payload. This is an example of an unneeded cost being passed onto the users to unlock the next stage of the 'mining' payload,” Bons explained.

Bons解释说：“每个用户必须转介5个用户并完成任务以解锁'挖掘'有效载荷的下一阶段。这是将不需要的成本传递给用户的一个示例，以解锁“采矿”有效负载的下一阶段。”

"The miniumum [sic] requirement is 5, which may vary by stage. This also disincentivises users to invite more than 5, which would be useful for faster development if the goal is to build a large user base quickly."

“ Miniumum [SIC]的要求是5，这可能会因阶段而异。这也拒绝用户邀请5个以上的邀请，如果目标是快速建立大型用户群，这对于更快的开发将很有用。”

Further compounding his concerns, Bons highlighted a Ponzi-like mechanism within Pi Network’s “mining” process. As explained by Bons, the lockup period benefits insiders by inflating the token price, allowing early investors to exit with profits.

Bons进一步加剧了他的担忧，强调了PI Network“采矿”过程中类似庞氏骗的机制。正如BONS所解释的那样，锁定期通过夸大令牌价格来使内部人员受益，从而使早期投资者能够以利润退出。

Finally, Bons touched upon the issue of transparency, or the lack thereof. As highlighted by the executive, despite enforcing Know Your Customer (KYC) procedures, Pi network has failed to disclose insider token allocations. According to Bons’ estimates, insiders might control as much as 20% of the network’s supply, which contradicts the project’s claims of fairness.

最后，邦斯谈到了透明度或缺乏问题的问题。正如执行官强调的那样，尽管执行您的客户（KYC）程序，但PI网络仍未披露内部人员令牌分配。根据BONS的估计，内部人士可能控制了该网络供应的20％，这与该项目的公平主张相矛盾。

“I've seen several reports stating that the founders and team members together hold around 10%, which would leave 80% for the remaining users if true. Even if we assume the optimistic scenario with a user base of 100 million, the founders and team would still retain a minimum of 2% of the total supply, which is a substantial portion considering the scale of the project. This also depends on how many of the 100 million users complete KYC and migrate to mainnet, which we don't have data for,” Bons added.

“我已经看到几份报告说，创始人和团队成员共同占10％，如果我们假设我们假设具有1亿用户基础的乐观情景，那么剩下的用户也将留下80％的股份。创始人和团队仍将保留总供应量的2％，仍然保留了该项目规模的重要部分，这是一个大量的依赖。邦斯添加了。

“PI making it into the top 20 is an embarrassment to our industry.”

“ PI进入前20名是我们行业的尴尬。”

Also in the realm of crypto news, Ben Zhou, CEO of Bybit, expressed similar concerns, bluntly calling PI a scam and deeming it "more dangerous than meme coins."

同样在加密新闻领域，拜比特（Bybit）的首席执行官本·周（Ben Zhou）也表示类似的担忧，直言不讳地称Pi为骗局，并认为它“比模因硬币更危险”。

The latest wave of criticism comes amid mounting discontent among pioneers toward Binance. On March 19, the exchange revealed its first batch of Vote to List projects. The list included meme coins associated with the former CEO’s dog and the Mubarak (MUBARAK) token, among others.

最新的批评浪潮是在对义务者的开拓者中的不满情绪中越来越不满。 3月19日，该交易所揭示了其第一批投票以列出项目。该列表包括与前首席执行官的狗和穆巴拉克（Mubarak）令牌相关的模因硬币等。

However, despite Pi Coin (PI) receiving an 86% vote in favor, the community expressed frustration over Binance's decision not to list the token.

但是，尽管Pi Coin（PI）获得了86％的投票，但社区对Binance决定不列出令牌表示沮丧。

“Stop acting like some third rate junk exchange and fulfill your promises before you start the next vote. I don't know if CZ would have behaved like this if he was still at Binance, he wouldn't be proud of your behavior,” one user wrote on X.

一位用户在X上写道：“在开始下一次投票之前，请停止像第三次垃圾交换一样，履行您的诺言。我不知道CZ是否会这样表现，如果他仍然处于binance，他不会为您的行为感到骄傲。”一位用户在X上写道。

The community members went as far as giving Binance a 1-star rating on the Google Play Store in protest. Nevertheless, this tactic might have had the opposite effect, leading to Binance's rejection of PI listing.

社区成员甚至在Google Play商店中给Binance评为1星级，以抗议。然而，这种策略可能会产生相反的效果，从而导致Binance拒绝PI上市。

“Do not try to pressure us into listing your coin by spreading FUD or negative comments about Binance, or you will be blacklisted,” Binance noted.

Binance指出：“不要试图通过传播有关二人的FUD或负面评论来列出您的硬币，否则您将被列入黑名单。”

The dual blows of Bons' criticism and Binance's snub have coincided with a devastating market slump for PI. The token's price plummeted below $1.0 today for the first time since late February.

BONS批评和Binance的冷落的双重打击与PI的毁灭性市场低迷相吻合。自2月下旬以来，该代币的价格今天首次下降到1.0美元以下。

Over the past day, PI has declined by 20.1%, with weekly losses extending to 48.7%. At press time, Pi Coin was trading at $0.91. Its

在过去的一天中，PI下降了20.1％，每周损失延长至48.7％。发稿时，Pi Coin的交易价格为0.91美元。它是