Based on analysis from multiple sources, **Pi coin is widely questioned as a scamcoin**, with core issues being lack of actual value support, opaque technology, suspected pyramid scheme involvement, and long-term unfulfilled Mainnet launch promises. Here is a detailed analysis:
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#PI First, the typical Shitcoin characteristics of **Pi coin**
1. **No actual technical support**
- Pi claims to be based on the Stellar Consensus Protocol (SCP), but the code is not open source, and the Mainnet has not been launched for a long time (it was announced to be launched in 2025). Mining is only done by