Riding the Pi coin wave, BEWARE before you YOLO

Riding the Pi coin wave, BEWARE before you YOLO

🧠 TL;DR for Attention-Deficit Degens:

  • Tapping buttons ≠ mining
  • KYC ≠ launch
  • Discord hype ≠ utility
  • If your crypto needs you to invite 3 friends — it’s not crypto, it’s Amway in a hoodie

🪙 The Pi Coin Fairy Tale

Once upon a time, you downloaded an app.
You tapped a glowing lightning button.
You “mined” crypto.
Years passed. You still tapped.
One day, they said: “KYC is coming.”
You waited.
Then they said: “Mainnet is live.”
You waited.
Then you read: “You can’t withdraw yet.”
You’re still waiting.

And somehow… the coin is now “worth” $1.08.
On which exchange? Ask the tooth fairy.


🤖 The Anatomy of a Button-Click “Coin”

FeatureScammy VersionReal Crypto Equivalent
MiningButton tap = hash power?PoW/PoS protocols with real computation
WalletApp wallet onlyOn-chain, interoperable wallets
TradingOTC on shady websitesListed on CEX/DEX platforms
CommunityTelegram cult with emojisGithub commits & open audits
KYCTakes longer than passport applicationSimple or optional
Utility“Coming soon” since 2020Already in use in DeFi/NFT/etc

⚠️ Red Flags That Are Somehow Green for FOMO Bros

🚩 “Mining without battery drain!”
🚩 “Invite friends to increase hash rate!”
🚩 “Withdrawals soon — we’re testing things”
🚩 “We’re building an ecosystem, trust the process”
🚩 “Not listed yet — for your own safety”

These are just updated versions of “Sir, give ₹5,000, you’ll get ₹50,000 in 30 days.”


💣 Why These Projects Explode (and Not in a Good Way)

  1. They NEVER Launch Fully:
    They exist in perpetual beta — so they can delay giving you what you mined.
  2. No Tokenomics, Just Hype-nomics:
    “1 billion supply” sounds cool until you realize they’re printing more tokens than RBI on budget day.
  3. Ad Revenue Model Masquerading as Blockchain:
    You’re not a miner. You’re a daily active user metric.
  4. They Monetize YOU, Not the Coin:
    Your taps, your data, your patience — all monetized to sell dreams to the next batch.

📉 The Exit Strategy? There Isn’t One.

Most Pi-type projects either:

  • Quietly fade away (after 3 years of saying “testnet soon”)
  • Do a low-volume OTC launch and cash out early investors
  • Or worse — pivot to “a social crypto layer for real-world trust”—aka corporate-speak for “Oops.”

🧾 Real-Life Warnings from Regretful Tappers

“I tapped that button for 3 years. I could’ve learned Excel.”
“Still waiting for KYC approval while Binance listed 19 other coins.”
“They promised an economy. I got memes.”
“At least in MLM they give you a mixer grinder.”


✅ How To Avoid The Trap

🔍 If there’s no working chain, walk away
🪞 If they require you to invite friends — run faster
📉 If their price chart is missing… you’re already late to the scam
🎯 Always ask: Can I buy, sell, withdraw this today?


🧠 EduInvesting Final Warning:

“If you’re mining crypto with a button and a dream, what you’re really mining is your own time and attention.”

Don’t confuse simplicity with scam resistance.
And remember:
💰 Free money is never free
🧴 Fevicol sticks better than these projects

Prashant Marathe

https://eduinvesting.in

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