Pi Network’s SuperNode Controversy Sparks Decentralization Debate – Is Pi Truly Decentralized?

Sean Williams
Pi Network

Pi Network is facing mounting challenges as market sentiment declines. From ongoing KYC issues to a steep drop in price below $1—down from its all-time high of $3—many Pioneers are questioning the project’s long-term potential. Despite efforts to expand its ecosystem with initiatives like PiDaoSwap and .pi domains, concerns over Pi Network’s structure are casting a shadow over its progress.

SuperNodes: A Centralization Concern?

Pi Network markets itself as a decentralized, community-driven project, but scrutiny over its SuperNodes has ignited debate. Unlike Bitcoin and Ethereum, where thousands of independent nodes secure the network, Pi’s transaction validation remains under the control of its core team (PCT). Initially, only three SuperNodes—controlled by PCT in Canada and Finland—existed. While Piscan.io now reports 42 SuperNodes, transparency remains a major issue. The team has yet to disclose how SuperNodes are selected or who controls them, leaving many Pioneers frustrated.

Also Read: Pi Coin Crashes 43% in a Week—Is It a Scam or Just in Trouble?

Community Frustration Grows

The lack of transparency, coupled with the recent price drop, has fueled dissatisfaction among Pioneers. Users running Pi Network nodes for months report no significant rewards or progress. A Reddit thread titled “What is a SuperNode?” received vague explanations from the team, lacking any real insight into how individuals can qualify. Many fear that only a select group with insider knowledge or powerful hardware can operate SuperNodes, contradicting Pi Network’s vision of accessibility for all.

Who’s to Blame?

The Pi Network Core Team attributes the price drop to Pioneers selling instead of buying, arguing that demand will drive value. However, this reasoning hasn’t convinced many investors. Meanwhile, crypto analyst Justin Bons, Founder & CIO of Cyber Capital, has openly called Pi Network a scam. He criticizes its reliance on Stellar’s technology, lack of true DeFi potential, and mining model, comparing it to a Ponzi scheme.

For Pi Network to rebuild trust, PCT must address concerns by making the SuperNode selection process transparent and ensuring fair participation. Until then, doubts will persist, and Pi’s price may continue to struggle.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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