Pi Network: The Crypto of the Future, the New Bitcoin, or a Scam?

Discover the Story of Pi Network — a Mobile-First Cryptocurrency set to Transform Digital Finance, Learn about its History, Unique Features, and Future Potential

Source: The Crypto Times

This post can be read in Tocsin Magazine and all Non-Medium members can read the full article here.

Introduction

After six long years filled with doubts about its success, the launch date for Pi Network’s cryptocurrency has finally been announced.

On February 20, 2025, the long-awaited Open Network phase will begin — a date the team insists is final and non-negotiable.

This news has sent shockwaves through the crypto community, making headlines on major crypto portals, among influencers, bloggers, and everyday enthusiasts.

But what makes the Pi Network so important? How does it stand apart from thousands of other crypto projects? This article delves into those questions.

A Project of Controversy and Conviction

From its inception, Pi Network has sparked debates and divided opinions. Loyal supporters and harsh critics have clashed over its authenticity, yet one thing is clear: the Pi Network team has laid all its cards on the table.

Come February 20, 2025, we will see whether the project soars to new heights or fades into obscurity.

I, along with my wife, own several thousand Pi coins, and I follow every development closely. If you’re curious about joining, feel free to use our affiliate links at the end of the article and embark on your own Pi adventure.

The History of Pi Network

The project officially launched on March 14, 2019. It was conceived by two Stanford PhDs in computer and social sciences, Nicolas Kokkalis and Chengdiao Fan. Unlike Bitcoin, Pi Network employs a consensus algorithm based on the Stellar Consensus Protocol (SCP) and the Federated Byzantine Agreement (FBA).

These energy-efficient algorithms rely on extensive network communication between nodes to agree on the next block, eliminating the massive energy waste seen in traditional mining.

Designed with everyday users in mind, Pi Network is a significant step toward the mass adoption of cryptocurrency, thanks to its simplicity and accessibility.

Vision, Mission, and Unique Features

According to its website, Pi Network’s vision is to“build the world’s most inclusive peer-to-peer ecosystem and online experience, powered by Pi, the most widely distributed cryptocurrency in the world.”Its mission is to“build a cryptocurrency and smart contract platform secured and governed by everyday people.”

Unlike Bitcoin or Ethereum, Pi is mined through a free mobile app, making it accessible to everyone. Moreover, its environmentally friendly approach appeals to those concerned about the ecological impact of crypto mining.

 

Source: Google

Addressing the Critics

The very features that set Pi Network apart have also sparked suspicions. Many found it hard to believe that a free mobile app could enable users to earn cryptocurrency — essentially money — without any fees or upfront investments. While these claims may sound incredible, they do not automatically mean the project is a scam.

For six years, the Pi Network team has faced harsh criticism and baseless accusations. Influential voices in the crypto sphere mocked the project without conducting proper research or even reading its white paper. Hundreds of articles and videos portrayed Pi Network as a scam, though some content creators offered balanced insights by weighing both its strengths and weaknesses.

Critics also pointed to several delays in launching the Open Network, using them to question the project’s credibility. However, one thing the team has never done is ask for money. Despite persistent warnings that funds would eventually be demanded and misused, nothing of the sort has occurred.

When accusations of monetary fraud failed, detractors shifted their focus to other theories — suggesting the project might misuse data or exploit users with in-app ads. In response, Pi Network introduced an option to disable ads and implemented robust measures to secure all KYC documents, ensuring personal data remains protected.

Where Do We Stand?

After six years of ups and downs, while some skeptics abandoned the ship, a far greater number of people continued to believe in Pi Network.

Today, approximately 60 million users are involved in the project. Over 19 million have completed KYC verification, and more than 10 million have migrated their Pi coins to mainnet wallets. With all the conditions set by the team now met, the doors to the Open Network are wide open.

Now, we wait a little longer to see if our faith in the project will be rewarded. Will we be able to convert our Pi coins into tangible value, or will the critics prove right and the project falter?

For everyone following this story, stay tuned for updates. I will continue to monitor the developments closely and report on any changes.

Disclaimer

I am not a financial advisor or a cryptocurrency trading expert, nor am I a member of the Pi Network team. The opinions expressed in this article are my own and do not constitute financial or investment advice. If you decide to enter the world of cryptocurrencies, do so at your own risk. Always conduct your own research (DYOR) before making any major financial decisions.

My link and my user name are Neo25041977

Pi Network - Home Page

Pi is a network of tens of millions of humans mining Pi cryptocurrency to use and build the Web3 app ecosystem.

minepi.com

My wife’s link and user name Xena04011970

Pi Network - Home Page

Pi is a network of tens of millions of humans mining Pi cryptocurrency to use and build the Web3 app ecosystem.

minepi.com

If you want to support my work buy me a coffee for $1

https://ko-fi.com/neo77

Greetings and until my next article!

Neo77

China’s New Silk Road: Redefining Global Trade

From Ancient Caravan Routes to Modern Geopolitical Shifts, China’s Bold Strategy Amid Global Climate Shifts

This picture is the property of the author, and it is made with an AI program

This post can be read in Tocsin Magazine and all Medium members can read the full article here.

Introduction

I know today is Monday and that the original plan was to discuss artificial intelligence. However, after covering that topic extensively, it seems fitting to shift our focus.

Today’s discussion revolves around China’s New Silk Road, the consequences of melting polar caps, and the emerging possibility of new northern maritime routes — that we will call the New Maritime Silk Road.

History of the Old Silk Road and the Objectives of the New One

You might be wondering why the term “Silk Road” is used. The name originates from the ancient network of caravan routes that connected Europe with China.

The German geographer Ferdinand von Richthofen, who lived in the 19th century, was the first to coin the term.

In contrast, today’s Silk Road is more symbolic than literal. Launched at the initiative of President Xi Jinping, it aims to position China as the world’s largest national economy by 2049 — the centennial of the People’s Republic of China. Few political figures have ever inspired as much hope — and concern — as President Xi with his “One Belt, One Road” initiative.

This mega-project is now considered the largest transnational infrastructure effort, linking approximately 60% of the world’s population. Some estimates suggest that it will soon account for 40% of global trade.

By 2020, about €124 billion had already been invested, with early agreements signed with Russia, Poland, Hungary, Bulgaria, Serbia, and my country Croatia.

New Northern Maritime Routes and Environmental Change

In addition to expanding its influence overland, China is exploring new avenues via northern maritime routes.

As the polar ice caps recede, once impassable shipping lanes are now emerging.

With diminishing ice, maritime trade through these northern routes becomes increasingly viable and safe — eliminating the old fears of drifting icebergs reminiscent of the Titanic disaster.

Source: Istock photos

Criticism of the New Silk Road Initiative

While some nations have warmly welcomed China’s new strategy, others — most notably the USA and Japan — view the initiative with suspicion.

These countries fear that expanding Chinese influence and securing access to global markets could upset the regional balance.

They warn that massive investments might lead to a “debt trap” for nations that borrow heavily from China, thereby increasing Beijing’s political and economic leverage.

In Europe, concerns arise over potential political dependency and the risk that Chinese business practices and standards could undermine European autonomy and security. Environmental groups and local communities have raised alarms that increased traffic through sensitive Arctic and ecologically fragile regions could result in pollution and damage to local ecosystems.

Support for the Initiative

Countries along the route — especially those with underdeveloped infrastructure in Africa, Central Asia, and the Middle East — see the New Silk Road as an opportunity to modernize their transport networks, boost logistics, and attract foreign investment. Several Eastern European nations, which have already signed agreements with China, are equally hopeful about the benefits.

Germany, one of China’s major trading partners, supports the project, while Italy became the first G7 country to join the initiative in March, despite objections from Brussels and Washington.

As seen, the New Silk Road sparks debate on every continent. While some view it as the future of global trade, others criticize it as a neocolonial tool designed to make poorer nations dependent on Chinese loans, thereby setting the stage for potential exploitation.

Conclusion

China’s bold strategy has already spurred economic growth in many Central Asian and African countries — a surge that, until recently, was unimaginable.

Yet, as projects in Myanmar, Malaysia, Nepal, and Pakistan face cancellations or prolonged negotiations, critical voices are growing louder.

One fact remains clear: with the New Silk Road enshrined as a national goal in the Chinese Constitution since 2017, China is poised to reshape the global trade map.

Let us hope that, one day, the greater good will prevail over self-interest and that this cooperation yields tangible benefits. After all, hope is the last thing to fade.

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https://cryptonftworlds.blogspot.com/2025/02/war-and-peace-in-ukraine-by-donald-trump.html

If you want to support my work buy me a coffee for $1

https://ko-fi.com/neo77

Greetings and until my next article!

Neo77

Trump’s Pre‑Election Crypto Promises Fulfilled

A Closer Look at the Crypto Initiatives of a Controversial Leader Donald Trump

This picture is the property of the author, and it is made with an AI program

This post can be read in Tocsin Magazine and all Medium members can read the full article here.

Introduction

Anyone involved in the crypto world has watched with keen interest and high expectations during the first month of the rule of the controversial “Crypto King” Donald Trump.

The Promise of a Crypto King

Trump’s pre‑election promises have long stirred debate in the crypto community. Supporters argue that if he were to deliver on all his promises, he could rightly be called a “king” and, for all intents and purposes, be on par with figures like Satoshi Nakamoto.

Yet, as his detractors remind us, Trump is known for making extravagant claims — many of which are as fleeting as ice placed under the sun, melting away along with his many falsehoods over time.

Despite this skepticism, not everything appears as grim as it might seem. In a surprising twist, “El Jefe” himself has delivered on several crypto‑related pledges that can be considered positive steps for the industry.

A Look at Some of Trump’s Promises

As everyone is aware, the larger-than-life Donald Trump declared that he would accomplish so much on his first day in office that a regular 24-hour day would need to be stretched to 124 hours to get everything done as promised.

Some of his most outlandish promises included:

• Ending the War in Ukraine: “On the very first day of my presidency, I will end the war in Ukraine.”
• Expelling 11 Million Immigrants: “On day one, I will expel 11 million immigrants from the USA.”
• Closing the USA–Mexico Border: “On day one, I will order the closure of the USA–Mexico border.”
• Pardoning Capitol Attack Perpetrators: “On day one, I will order the pardon of domestic terrorists who attacked the Capitol on January 6, 2021.”
• Repealing Environmental Measures: “On day one, I will repeal all environmental protection measures enacted by Biden and withdraw from the Paris Agreement.”
• Imposing High Tariffs Worldwide: “On day one, I will impose high tariffs on every country in the world except the USA.”

Some of these measures were put in place on the first day, others came later, and some are still in progress because they seem nearly impossible. However, our focus here is solely on the promises related to cryptocurrencies.

This picture is the property of the author, and it is made with an AI program

What Did Crypto King Donald Trump Actually Deliver?

Below is a list of the crypto‑related promises that have been fulfilled — because, for the crypto community, the bottom line is whether these commitments have been kept:

• Pardon of Ross Ulbricht: Trump pardoned Ross Ulbricht, the creator and founder of Silk Road, who was serving a life sentence.
• SEC Leadership Change: He promised to remove Gary Gensler from the SEC. Although Gensler resigned of his own accord, he was succeeded by Paul Atkins — a pro‑crypto figure now awaiting Senate confirmation.
• Empowering Crypto Advocacy at the SEC: Republican Commissioner Hester Peirce, known for her advocacy of clear cryptocurrency policies, has been appointed to lead the newly established “Crypto Working Group” at the SEC.
• CBDC Ban: Trump banned the Federal Reserve from issuing a central bank digital currency (CBDC), criticizing it as a potential tool for undermining citizens’ personal freedoms.
• Repeal of Restrictive Banking Regulations: He repealed SEC rule SAB 121, which had significantly hindered banks from holding cryptocurrencies, thereby paving the way for greater integration of digital assets into traditional financial systems.
• Establishing a National Digital Asset Reserve: An executive order was signed to create the National Digital Asset Reserve, marking the first step toward establishing a centralized digital asset reserve for the U.S. government. A working group led by David Sack has been formed to address this initiative.
• Formation of a Digital Asset Task Force: Under David Sack’s leadership, the newly established Digital Asset Task Force has prioritized the development of transparent and comprehensive regulations for digital assets — with special emphasis on stablecoins.

Promises Still Unfulfilled

Of the other crypto‑related promises, there are two that have yet to be delivered but are seen as crucial for broader crypto adoption:

1. Elimination of “Chokepoint” Regulations:

The removal of restrictive “Chokepoint” measures in the crypto and technology sectors — a relic of past administrations.

2. Protection of Personal Wallet Privacy:

Trump promised to safeguard the privacy of personal cryptocurrency wallets, ensuring that the details of crypto holdings would not be disclosed without explicit consent.

Final Thoughts

As we have seen, against all odds, Donald Trump has managed to fulfill some of his pre‑election crypto promises.

Given his long history of exaggeration and bending the truth, many doubted he would deliver on these commitments. Yet, as the old saying goes, “A wolf may change its fur but never its nature” — although this time, it appears the wolf might indeed be changing, or at least feigning change to deceive his followers.

The crypto community remains divided: many place high hopes in Trump, believing that the person who will finally resolve all crypto issues has assumed the presidency, while others remain skeptical. Only time will tell whether we can trust a leader described by some as an egocentric liar who cares only about money and himself.

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https://cryptonftworlds.blogspot.com/2025/02/war-and-peace-in-ukraine-by-donald-trump.html

If you want to support my work buy me a coffee for $1

https://ko-fi.com/neo77

Greetings and until my next article!

Neo77