Bitcoin Forum

Hello guys,I learnt that pi network is a crytocurrency that is beneficial in the community ecosystem that you can mine with,I want to know their clarified differences and if the pi network and bBTC does same functions.

This is just based on my opinion.
Bitcoin = is 100% good.
Pi = 0%.
I guess that percentage rating that I've given between the difference between Bitcoin and that coin that you're asking about is clear on what I think about Pi and Bitcoin. I feel bad for you guys that have collected that token and yet still do nothing and are not even tradable. However, please correct me if I am wrong.

Bitcoin = Legit

Pi = Scam

That's enough to explain the difference between the two coins. If you were still thinking pi is legit and i may think if you are one of pi fan. The fact can't lie if pie was a scam coin.

That's it. There's no benefit given by pi coin to the community. Have you seen it carefully? I think that what you were saying was sounds bullshit.
Pi coin will never be comparable to the bitcoin. Just to tell you if bitcoin is the most legit crypto forever. Truly decentralized coin that exists in the crypto market.

Pi is only beneficial to the team and not for the community. To be honest, just don't believe the absolute non-sense of this Pi coin. It's been proven along time ago that this is just worthless as it gets. So many threads have been made and people here won't change their perception against Pi. You will see what we are talking about when they somehow manage to put their token into the market but don't wait for that to happen since it will be hard or impossible for them to release the version of their token that where mined by the public.

They may look similar at first glance, but they have unique characteristics. The main function of Bitcoin is to be a decentralized digital currency that allows secure transactions and a store of value. Now, the pi network if I am not mistaken It is still in the early stages of development and is being mined by individuals. The Pi Network aims to create a cryptocurrency that can be easily mined using mobile devices and has a vision of fostering a community-based ecosystem.

Even though pi and bitcoin are cryptocurrencies, they function differently. Bitcoin is widely accepted and used for various transactions, investments and even as a hedge against the traditional financial system. The Pi network, on the other hand, is still in its testing phase and has yet to establish itself as a widely recognized and adopted cryptocurrency.

Do not compare it with bitcoin it's pretty clear it's a whole lot different, PI Coin is a token scam it's totally not working for the community and is more hallucinations.

This is too much compared to bitcoin why not refer to other altcoins?

Indeed, this shitcoin cannot be traded until now while the PI coin on Coinmarketcap is IOU so anyone who owns Pi from mining results until now cannot be traded.

I don't see any quality and classification to match the two coin whereby Pi is just a coin launched to distract and scam people. Bitcoin has been here for over 14 years now and we trust and believe in bitcoin I don't know why one should go invest and mine Picoin while Bitcoin is there for us and is very trusted and reliable to use and hold for long, we don't know the future of pi it may die anytime any day and any year.

It's easy:

Bitcoin is decentralized, PI is centralized you have to submit KYC to claim your mined token
Bitcoin is on all exchanges, PI is not even on one, the PI that is listed on an exchange is a fake one
Bitcoin is the true Cryptocurrency, PI is a shitcoin that does not have value.

There's no similarity between the two so forget about PI and just go for Bitcoin especially now that the bull run is coming.

Forget about what the admins of PI are telling its investors all of it are empty promises.

You have to analyze more the Pi Network as it is being hyped online though they are still on the process of making a good project but if you are going to compare it with Bitcoin, you can easily where to invest with. Pi is centralized, so if you don’t want to provide KYC then mining might not be ok with you, there are also rumors about this project but again don’t get hyped and just see if this project fits for you and if you can wait a little longer before making profit and its not guaranteed as well.

WTF, why should it be compared to Bitcoin, can't it be compared to other Altcoins. Even other altcoins on the market are still better than Pi coin which is obscure and only promises stupid investors. Pi doesn't really want to mainnet, it's just a bullshit coin giving false hope. rather leave it and choose altcoins that are obvious.
many people who adore pi coin but they are impatient that they are just being fooled, only used as a tool to enrich developers, until a few years have not been mainnet and only promised.

Please read this thread: (PI Network! A huge trap[Warning!] (https://bitcointalk.org/index.php?topic=5237735.0))
This was a 3 years old thread but please read OP for your reference if you really think that you want to get into pi.

I do hope that OP and the others will do their research with due diligence and will find it out that there's nothing for this coin to its interested people. How many years has it been in its own community and yet the updates are always like giving them the news that "soon" they'll be able to make money from it and sell it from exchanges but after all of those years, people should notice that they're hoping for nothing upon waiting and being interested in this coin. Do not waste your great times on this token and just go ahead and accumulate for more Bitcoin and that's a better idea.

Simple

Pi = scam they are just using bitcoins fame so that they can display that this coin will also have bright future the same with bitcoin. But for long time it exist it doesn't reach nor prove anything.

Bitcoin = the king of all crypto and potential is so huge this is ideal to have rather that Pi since it could grow even more since global adoption increase each year.

Do your own diligence to avoid getting a wrong expectation on coins which exist but didn't have real potential.

what bothers me with Pi is where they keep offering and continuing to recruit new people who still don't understand how the system works.
I don't know in other countries or maybe other regions, but in my area, many people are even willing to go around every corner to offer mining Pi and what they target are ordinary old people who just seem to give more hope to other people. this layman.

I don't mind if they do it themselves regardless of what they are doing and what they believe is their right but when it comes to poisoning others with something like this especially to people in my territory this is exactly what bothers me a bit , not that this is a threat but with this a lot of new people who are new to the situation in crypto and Pi get misled and make this a big mistake.

PI has made promises to lot of people and it's amazing how everyone is waiting to sell theira after listening but it looks like PI has been in existence (2018) before some users even came here and I marvel at their ignorance how they think PI is better than bitcoin, how? Ethereum that is largest by market capital and most sort after don't even boast like the way PI miners talk about this shit coin, if shit coins are not better, I heard the PI network also runs some ads which is why they are have been fooling the owners about mining that is not validating any transactions.

When it comes to mining, it does require a lot of power and high electricity with lots of connection, mining cannot be done on a mobile phone, which pi claims to be doing it on mobile phone of low capacity, that's some sort of faucet if I'm not mistaking calling it mining, it doesn't work that way.
The last time I read pi network white paper, they indicated they'll be running like a Blockchain technology where users can stake their token through a validator, up till now, they haven't fulfilled their promises while the so-called miners are still hitting the mining button for a couple of years now without gotten anything. It's a waste of time to be mining pi network, it's just the beginners that have zero knowledge about cryptocurrency is falling for these scammers.

The difference is one exists(BTC)

And the other does not.  

There are no comparisons sorry, not sure if you are here to shill for PI, but obviously, bitcoin is more secure the best cryptocurrencies (no shill).

And how long that does PI network exists though? if ever there could be comparisons, then it should be PI network vs other altcoins in the market and not with BTC. As far as mining bitcoin, it's hard to done solo mining now, the hardware is expensive plus you should lived in a country with cheap electricity.

It might handy for you if you will read this thread: https://bitcointalk.org/index.php?topic=5417375.0

I don't know how you came to the conclusion that PI and bitcoin is the same thing because they do the same function. What function does PI has? As far as I know PI doesn't even have a working main network. Its still on testing phase. How come something that doesn't even have a functionable network be the same as Bitcoin? Based on some texts on papers? In that case there are many coins that mimic bitcoin in their whitepaper. As far as I know, you need to complete KYC to use PI. So it isn't centralized and someone can control the network. So its not bitcoin.

Oh, if PI has the same function as bitcoin, isn't PI another shitcoin that has no real use case?

How will you be comparison sleep with death, pi is still an experimental coin which we never know where it's heading to because i don't much believe in all these cloud mining coins, moreover it's still a testnet and we are not sure about how it will look like anytime soon since it's still not listed or approved yet as a digital coin, but bitcoin is the lead digital cryptocurrencies that has amassed upto $68,000 worth of it all time high and still counting, the are perfectly different.

The answer lies at the heart of the decentralization on them,
and moreover it's a shame to put them in comparison. I am only talking about Pi here about things that have been and are happening, I know a lot of people who fantasize about it and think about a rosy future, don't want to force people to stop dreaming but don't fantasize and bring them to life go to lie to people around. I see some times when even the old people in my place are invited by ponzi groups to participate in the Pi market :) , I was very funny and pitiful for them, only fooling the ignorant knowledge and no money, conversely those who know crypto understand the nature of ponzi and the workings surrounding it have the choice to stay away from this thing.

Oops if anyone asking me what is Bitcoin than i will answer him Bitcoin is worlds one of the best crypto currency and all cryptos mothers coins are bitcoin and if anyone asking me about pi than i will give him answer pi is not valuable coin and no have any future in pi and so many people’s talking about pi is scam coin and i hope pi is 100% scam/fake coin.

There is still a lot of confusion about pi's activity and purpose. And so far I don't think any Pi miners have benefited in any way they are within the Pi community. I heard long ago that they will start their operations by 2021 but it is a very late start. Moreover, those who have done Pi mining on the phone, I still think that their time has been wasted by unnecessarily helping someone else to steal their data. I think it is absurd to compare this Pi network with Bitcoin so what else can I comment.

Another obvious difference between Pi and Bitcoin is the target of each cryptocurrency. And why compare such an unfair thing, like we are talking about a giant (bitcoin) and an invisible thing that has not created any value (PI).
Personally, I know the PI community is quite negative, they are like multi-level people trying to spread the word about PI to find liquidity, and most of them don't bring much positivity. I don't trust the PI team so any information surrounding it I label as bad guys, just like when you already know they are bad guys and deceive yourself into seeing and treating them as good.

Op you can see more details on Pi here https://www.google.com/amp/s/capital.com/amp/pi-network-coin-token-crypto and from the above article I wasade to understand that pI coin has not even listed in any exchange platform. And even the recognition is very low in the world. But they (Stanford University academics Nicolas Kokkalis) are trying to create the coin to be like bitcoin. But I don't think they can work out to that level, because they have already gotten it in a centralized way.

It's because of ignorance, it's so sad that there are a lot of people that wouldn't care about the data that they're sending over to the pi developers. They're being exploited by these as they've got their own application where everyone visits and those visits are converted into cash. While these people think that someday it's gonna be worth of wait for them the reality should stick in their minds that there's no way that they'll make money from it. But instead, they're the ones that's helping the devs to make cash out of their presence on its platform.

PI network is a 100% scam coins that promises a useless token for wasting energy on mining while Bitcoin is 100% profitable token that rewards miners from solving blocks and processing transactions in the Blockchain. Pi Network doesn’t have mainnet even if it’s running for a long time on testnet because devs is just giving their miners a false hope in exchange of free promotion that they can get from their miners that doesn’t that they are mining useless token.

Pi and BTC doesn’t have same function.

I don’t know what you're comparing with Bitcoin, because it’s always top coin in the market even you know without btc we can't imagine the cryptocurrency, where Pi is absolutely scam/shit coin because in the last few years people's mining Pi coin but still they can't list it in any signal exchange to trade it, how people can trust it?

The Pi you mentioned has been long-baked and isn't tasting good for ages. I am not sure if you are too new or if you have been told about pi in a completely different way but it's not entirely true at all. Pi has been exposed to scams throughout the forum as well as outside the forum. It has been very well known that they are secretly leaking the KYC documents of many peeps and have been caught doing so. One user literally showed all the documents and posted them on the forum itself. So you can judge by this act itself how genuine this coin is. There is no way you can compare the Pi network and Bitcoin in any sense. They don't do the same functions, because Bitcoin is bitcoin and it's a coin, it runs on the blockchain. Well, Pi is Pi, and it's useless.

as for me, it’s not a successful project, otherwise you can even say that the project is fraudulent, since a lot of people are already talking and writing about it, I myself participated in their program, but I didn’t receive it, I didn’t recommend these pi any investment in this scam project, definitely invest in bitcoin, this is 100% approx.

PI coin? Ive been hearing out this coin on social media specially on facebook on which they've been trying out to trade this  coin and i do see that it doesnt have that its own blockchain but rather it is really just

that mineable on some mobile app. I dont know if that one listed on coingecko is the one we've been talking ( i havent checked) but im much sure that this one is really that been circulating
which it is really that been considered to be scam. Any coin which doesnt have their own blockchain and been p2p traded by some people then i wont really be putting up that trust into it.
Value might really look that good but its not something that you could trust on.

Nothing beats up Bitcoin and this is what you should be accumulating in the first place, considering that it is really that always on the top of the rank for a decade+ now.

The difference is between 100% true Cryptocurrency and fake Cryptocurrency, PI is not centralized and the mined token is fake you did not own it and it will only be yours depending on the allocation the developers are allowed.
It's another shitcoin but unfortunately, because it's free, people are in a hurry to mine it, it will be listed in a small exchange because this kind fo shitcoin will have zero chance of getting into big exchanges.

Hearing a lot of them on facebook since many of their holders hype this coin, also I heard a lot of  promises but none of them became reality. To many people lose their hope that there's something great to happen on Pi since even at the moment there's no timeline for them on when they can sell their coin on exchange. For now the only people earning with this are those people create fake promises just to sell their coin to other hopeful holders.

BTC is the champion in this environment, don't compare things that have not created their own foothold with btc. Frankly speaking, I only see PI as a multi-level game, a flexible form of scam where investors are invited to participate in a business model that promises high returns. The paranoia of making quick profits and causing economic losses to the participants. It can also reduce investor confidence and affect the development of the crypto industry. Therefore, it is advisable to be cautious and thoroughly research any crypto project before investing or participating in the business model. Always put your interests first and be mindful of the risks when investing in a new crypto project.

You can compare the use case and level of decentralization of the different networks. Then you will get an idea about who is the best.

Example :

1. Bitcoin - 100% utility and have a good level of decentralization
2. Pi Coin - 0% utility and have a lower level of decentralization

Pi is not even decentralized. Admin can block your account in second if they are feeling your account was suspicious. It's really wrong to call that if pi has low level of decentralized caused by the fact that if pi didn't have any level of decentralization.

This garbage token is fully centralized and controlled by its creator.

Well, you're a newbie, so questions like this would be normal especially if you aren't knowledgeable enough with regards to cryptocurrencies. Let me give you something that will help you to compare these 2 coins.

Bitcoin is the top cryptocurrency in terms of market cap. Bitcoin is the most trusted cryptocurrency right now. Bitcoin is the most used cryptocurrency. Bitcoin is what I consider the safest cryptocurrency to invest your money if you really want to invest into crypto. I believe there are more things that I can say with regards to Bitcoin, but many here already said it.

On the other hand, PI is like other shitcoins out there who are just promising those users who pre-mined their coins. PI is just another altcoin out there that will just get dumped by those who virtually mined their coin thru their app. PI is just another shitcoin out there that will be worthless in the future. The project has been on development phase for years already, and yet the token isn't tradeable still. It's because they're afraid that those who virtually mined their coin will just dump the coin, which is inevitable because for sure those who mined it (even though they aren't) will surely dump it.

To summarize, Bitcoin is the most trusted cryptocurrency while PI is just one of the altcoins out there that will just get dumped like what happened to other altcoins.

Pi Network and bBTC are different cryptocurrencies with distinct purposes. Pi Network aims to create a decentralized currency for everyday people, while bBTC tokenizes Bitcoin on the Ethereum blockchain, enabling interactions with Bitcoin within the Ethereum ecosystem. Understand their goals and technology before considering investments.

yes, I agree that it’s all different in fact, but bitcoin is a full-fledged one today, cryptocoins of prices are tied to it, and so on, and what is pi, this is not even a project for today, as I understand it, this is a scam project that is not worth investing in, the team has no prospects for today and they have been sawing this project for a long time, but nothing good really comes out

Bitcoin is legitimate, Pi seems to be not. Be careful. They might ask you or maybe require to process KYC, there are a lot of rumors about them using this Pi project in order to mine Pi users' data. It is a shady project, I suggest refraining from inviting more people and giving them out your personal information.

To answer your question honestly, BTC is a legit digital currency that has been there for over a decade with people actually trading it in various exchanges. On the other hand, pi coin is a scam coin that has no benefit whatsoever.

Pi network and Bitcoin has nothing in common, Bitcoin is a Proof of Work (POW) while Pi uses the term Mining but in actual sense it is not mining, I doubt it is a blockchain token. I just feel something is wrong with this Pi network of a thing, the motive for now is not fully clear for people to see but with time I believe truth will come out about the project. I own some for now in case the price pump, but I just don't truth the project that is using us to make profit by mining our data.

You made me happy today hehehe, I enjoyed your post. I hope that the creator of this topic will be aware, to be honest, I don't understand why they insist that Pi and Bitcoin are just equals and others still think that Pi will surpass Bitcoin, which is clearly the hype and fraud. theirs.

It seems that it is like a cult controlled by the belief in Pi, it's good that the other meme coins are shitcoins in the eyes of the majority of the community here in the crypto space and at least the other meme coins such as Pepe coins, Floki and others have exchange to be able to trade in them while Pi has been around for several years and it sill no exchange listing til the preset time now. .

That's it but people forgot it as it has been claimed there are still millions of people wasting their electricity everyday to mine the garbage token like this. I don't know what they were thinking about that.
Even op was also comparing bitcoin to the scam coin like pi coin.

Pi just became popular because of the idea that people could mine from it without actually pulling any amount from their pockets. Given how many people believed on such thing, they had inpressions of this project to be big. There's even a time wherein it is listed on an exchange and its price pumped in an instant, but little to they know that the pump was just a single order, no volume supporting it, or to put it simply, just manipulated.

The idea is simple; the coin has no specific number of total supply. It can be mined easily. How come will there be a demand on this coin in the first place? Demand is what would make its price high and it just lacks this thing, which will never make this coin close to Bitcoin, I think.

bottomline, the OP will discover soon that pi project has too many promises but nothing becomes tangible so far. are you willing to send your personal details to a crap project like this? and it is not even comparable to BTC. it is like btc at the top, and pi at the bottom.
also, i wonder why up until now, some are still hoping for this project to pull it off? they will just shorten the lifespan of your gadgets, and in the end, you are holding crappy coins. can't even cover the replacement of your phone.
if they are good enough, they should have been in binance or other top crypto-exchange already. but the volume speaks for itself. i guess, this coin is surviving because of the misleading hope people continuously to believe towards this coin.

The difference here is that bitcoin gets everyone's trust in the crypto space and Pi gets only criticism with the negative of the community.
I know many channels and communities discussing Pi, indeed I have not seen an environment that lacks knowledge but loves to exaggerate the truth, they only talk about dream profits without really knowing about the nature of the Pi feature (or maybe nothing to say), I remember having downloaded the Pi app on my phone before and I asked a lot of questions when I could still exploit it without an internet connection :) .

You cannot compare Pi or any other crypto currency to Bitcoin because it is already a institution and foundation of the crypto market that already have adopters and adoption towards the future of payment system and store value of assets like gold. On the other hand Pi is just new and nothing proved it in the industry though they are still developing and continue to work for the sake of their blockchain technology.

Are you seriously trying to compare some next shiatcoin to bitcoin? Bitcoin has the strongest reputation as a reliable asset with strong fundamentals and applications ranging from mining to institutional investments. Pi Network has none of this, you shouldn't compare altcoin and bitcoin. Bitcoin is a currency, an investment. Pi Network is a means of speculation, a way for the developers of this token to enrich themselves.

Exactly! There's absolutely no basis for comparison between both coins. There's nothing to compare with. I mean, where do we even start from?
If not sheer foolishness and stupidity, why will anyone be seriously mining a coin that has refused to come on mainnet for this long? I wonder if people even ask questions at all.

There is no might because they actually ask you to complete KYC verification before you can be able to move your mined tokens from testnet to mainnet which is the most foolish thing I've ever heard because they didn't tell their members about this at the initial stage of their project because they wanted them to keep inviting more and more users and now they will collect KYC documents from all the users.

They can always misuse your personal documents for anything they wish or they can simply sell them to a company for money because that is obviously what their aim is behind creating the project, so people definitely need to stay away from this project and don't do KYC with them.

Why not? Pi is also a crypto and any other cryptos can possibly be compared to Bitcoin. There is no problem with that, and don't worry because Bitcoin will always be the winner in our hearts because if without it, I don't think other cryptos will exist. It's just that alternative coins had some special use case too that can't be found on Bitcoin. Pi is not a new crytpto but it only given a break last time. IDK for what reason.

Maybe their devs have a money to suddenly make a promotion all over the web and seems it was a failure. Many people have already woken up from the truth that Pi is nothing but an identity grab. They force people to do a KYC and maybe they will sell it in the black market.

I was just chatting with my friend about PI, he said his parents are being dragged into other groups to mine PI and create liquidity, they were told that PI will reach $1000000 in the future, yes is $1000000. Ignorance is targeted at specific audiences, the bad guys want to talk about luxury hitting the greedy mentality to gain blind trust.
To me it's not worth comparing with the memecoins in this market let alone bitcoin the difference is too big in space, and ambitious things like PI will hardly achieve the goal.

They are using fake Oi mall pictures, fake marketplace sites that pretend to accept Pi coin in future and many other thing that can catch the attention of many people. Unfortunately many believe that then many innocent minds that they can use their Pi and think about to accumulate more because they hope to became so rich when Pi mainnet and exchange became available. Majority of hopeful newbies that they are just deceive by those people who want to sell their bulk Pi's and they create that site to make their selling more appealing or even convincing.

I agree with this, where the members of PI are very numerous and also solid, this will create a very large demand when PI developers don't make mistakes in managing their solid community.
so it's not impossible that PI can exceed the price of bitcoin when they have a very strong community and I'm sure the PI developers know that

The target audience of the bad guys really makes me feel sorry for them, about whether PI is good or not? I think we all have our own answers to that, the way it's spread about value makes me laugh at how they use stupid dirty tricks to deceive themselves and others, give it a try. keep imagining today i came across a video on tiktok about a boy who owns 100 pi and is fantasizing about himself becoming a billionaire in the future with them :) what a pity about his perception They don't understand the hype and multi-level liquidity in the illusion of many people that will help them get rich, but I do know the government agency is looking for them.

I don’t think they have still millions of miners, because already most of the people’s know that it’s a big ponzi SCAM, millions of coins already minted but users can't trade it even mostly users didn’t approved by team in KYC verification after long time waiting, i don’t know how still some people believe that it’s worthy project.

yes, I completely agree with you, bitcoin is very popular and promising at the present time, since a lot of things are tied to bitcoin today in the crypto industry, and for now this is only one scam, scam news from all communities, I myself was initially led to this project , but soon realized that the scam, so I do not advise pi

Bitcoin is a trusted crypto currency that has stood the test of time and everyone can attest to it's authenticity. But you see that coin called pi is nothing but a fraud and I will advise you don't go about wasting your precious time mining it.

If someone can't know the difference between Pi coin and Bitcoin, it's better for the person to stay away from cryptocurrency until he spend some of his time to read the whitepaper, article, watching video etc.

The thing that is same between Pi coin and Bitcoin is both of them are known as cryptocurrency, that's. Anything except that is totally opposite with each other e.g. centralization vs decentralization, high value vs worthless, legit vs scam etc.

Really? But how come I am seeing some people who claim to be buying the pi coin. Or are they just playing around?
I am sure there are still some gullible ones who still believe that one day they can trade it and make a lot of money from it.

A way for the developers to enrich themselves and gain access to the KYC documents of millions of users for free by making them fool with some coins that are worth nothing at all. They've never mentioned anything about a roadmap or any KYC or transferring the tokens from testnet to mainnet by completing certain tasks, they came up with all these when they've already got millions of users from all around the globe signed up and mining the shitcoin.

I don't really understand how people actually believe in such projects to the extent that they compare it with Bitcoin which is literally the king of cryptocurrencies and is the ruler of the market, when it moves, the whole market moves with it, and they are comparing it with a shitcoin, lol.

This is only if the developers themselves hold a token sale through the distribution of their coins to early users or through a token sale on their website. Many well-known projects don't collect anything from their investors, it is done by the launchpad and various third-party platforms that organize such rounds of token distribution to early investors, such as coinlist.

Don't think that pi can ever reach to the position of bitcoin, because pi has not that much gain and as bitcoin was very steadily and fast grown in some years, and other most important thing about which is different is the strategies of both bitcoin as well as pi has too much difference.

And this is where trust issues would be mold up on which on the time if the sale its been done on sending out coins on a certain wallet address and doesnt have that kind of smart contract thing about buying and recieving those tokens back or simply been put up on a launchpad for the buyers to be able to get those tokens on that specific period but seeing this Pi project then it is really that totally opposite.

Surprisingly that there are still people who do get fooled with this thing on which it doesnt really even have its own blockchain but there is a value but those are imaginary ones and something that only people
around really making out their own value. I do even see people who do bought up coins on something this kind of type without even trying out to realize on what legit project or coin do really have.
This is why noobs should really be making some indepth research so that they wouldnt really be ending up on investing on something shit because if they do then they would definitely be losing money.

This could just be a bad joke. No one should trust a project that claims to be mining on mobile and offline. However, the most fundamental difference between them is that one is publicly available on its own blockchain, while the other does not have a blockchain of its own. I think this is an important enough difference to make sense of the issue. So, even comparing these two things with each other is a mistake in itself.

Your suspicion is reasonable. Opportunistic developers exploit people's hope and curiosity in this crypto world. KYC for access to a large user database might be troublesome for data gathering and misuse.

Not all KYC-required projects are scams. Distinguishing enterprises with real-world potential from those seeking a fast buck is difficult.

Comparing new projects to Bitcoin is premature and uninformed. Time, resilience, and a commitment to decentralization have won Bitcoin its unmatched place in the cryptocurrency industry. I appreciate your warning against naive faith in new projects, and I encourage people to do the same.

Many projects do not have their own blockchain, that is not an indicator of their dubiousness. The indicator is the method of distributing that token to investors, the presence of some big investors or whales, and the demand for the token. There are more than half a million different tokens and coins on the market, but only about 200 blockchains.

Yes, they believe that it will hit exchanges in future. Who miners submitted documents for KYC & got approved only they can transfer it one wallet to other wallet, so this is the only way to buy/sell it now if i'm not wrong. It’s SCAMMED coin but it’s also true that this coin is big hyped among massive number of peoples and it’s created a big community.

Many differentiate between those two, pi coin used proof of stake and delegate byzanthine consensus while bitcoin used proof of work to do the job ( validating the transaction ). Pi only another stellar, it is used stellar technology and we dont need another coin like stellar.

As you suggest it is correct and worthwhile to combine information from multiple sources, do further research on the current status of the PI Network, and critically analyze the project underpinnings before making a decision regarding participation. meaning that whoever we are here really needs an easy investment and wants to be the first.

It's more likely a scam coin rather than stellar. I don't even know why you are seeing this as another stellar while the fact that if it's still being very far from stellar. Pi is not even live. All of coins traded in the various exchange sites were IOU.
that means if pi is likely a scam coin with only BS promise. Im happy to see police is starting to pay attention to this one. Pi was a garbage coin that will never be real. People just getting brainwashed by wastingtheir energy to mint something unreal.
I think that you shall put differentiate between legit coin like stellar compared with non exist coin like pi coin. The differences from both of pi coin is a scam coin.

Highlighting some key differences between Pi and Bitcoin. Here are a few points:
1. Technology: Bitcoin operates on a decentralized blockchain known as the Bitcoin network, while Pi is built on its own blockchain called the Pi Network.
2. Consensus Mechanism: Bitcoin uses a proof-of-work (PoW) consensus mechanism, which requires miners to solve complex mathematical problems to validate transactions and secure the network. Pi, on the other hand, currently uses a consensus algorithm called "Proof of Contributions" (PoC), which aims to leverage users' social connections and trust to secure the network.
3. Network Status: Bitcoin is a fully operational and globally recognized cryptocurrency, while Pi is in the early stages of development and has not yet launched its mainnet.
4. Accessibility: Bitcoin is widely accessible and can be traded on numerous cryptocurrency exchanges, while Pi is currently only available to users who have joined the Pi Network and are part of its closed testing phase.
5. Monetary Value: Bitcoin has established monetary value and can be bought, sold, and used as a medium of exchange. Pi, at its current stage, has no tradable value outside the closed testing phase.
6. Development Team: Bitcoin's development is driven by a decentralized community of developers, while Pi's development is managed by a centralized team.
7. Blockchain Structure: Bitcoin's blockchain consists of a transparent and immutable ledger of all transactions, while Pi's blockchain structure is yet to be fully disclosed as the project is still under development.

These points highlight some fundamental differences between Bitcoin and Pi. It's worth noting that Pi is still an emerging project, and its features and characteristics may evolve as it progresses. It's advisable to conduct thorough research and exercise caution when considering any cryptocurrency investment.

Comparing pi network to Bitcoin is a very big mistake, because pi network has a very long way to go, mostly for minner that is mine pi that can not transfer from one wallet to another, because of token been locked. Not talk of trading expect, well keep mining pi network, I'm not discouraging anybody but, I rather wait when the pi miner start selling and I we buy from the exchange.

Lol how can you compare Pi to Bitcoin.  pi is completely shit coin. and I don't think its future is good and it is 0% secure. Bitcoin is 100% secure  And there is no chance of it being scam but no guarantee with Pi Network  it can be scam any time.  Who would consider Bitcoin and the PI network as same.  I would say that he has no knowledge about cryptocurrencies and bitcoin. There are many projects like Pi Network which provide mining facility so should we consider all projects as Pi or all as Bitcoin?

apart from network issues the very visible difference between BTC and PI is that bitcoin is the most popular crypto and PI is an altcoin which is not clear until now. I can't compare the two in detail because until now I still don't understand about the altcoin called PI.

Pi Coin and Bitcoin are clearly different, because Pi Coin includes altcoins and Bitcoin is the first crypto currency created and predictions will be the currency of the future.
so it's very clear if you want to invest who really want high profits maybe Pi Coin can be an option because altcoins have higher volatility than Bitcoin,
but if you want to invest safely for the long term then Bitcoin is still the first choice.

These are not fundamental differences, they are all flaws in the project at this point in time. I don't see the point at all in comparing bitcoin, which can show some result, and this project, which has nothing. All the advantages of PI are only on paper for now or they are planned for some foreseeable future.

No centralized project will ever be able to overtake bitcoin or compete with it somehow.

That is never going to happen, PI is not coming to any exchange because it is nothing more than a scam project that was created to first fool people by giving them free tokens and asking them to invite others so that they can have a huge userbase and then impose a rule that everyone has to complete KYC for the tokens to get released to the mainnet, lol. If they really had this plan, why didn't they share it in the beginning so that everyone could know?

Even if they don't scam their users, which is not very likely to happen, they are cheaters is all I can say, because they have cheated their users by not disclosing any KYC requirement in the beginning or not having any whitepaper with the project details and everything.

Comparing bitcoin to pi network is very wrong on so many levels.
You can't just compare a currency created to give the people their financial freedom to a coin that was merely created for the developer's personal gain.
I was really annoyed by how hard these people behind pi network was trying to compete with bitcoin when the reality is that, their not even close.
They have paid millions to advertise and spread the word all over the internet, that's where they become popular.

If you're annoyed, I'd be more annoyed with a post comparing Pi to Bicoin. Even though Pi is a trash coin that will never Mainnet and always promises its members that the price of Pi is more than Bitcoin. Consensus pricing isn't unreasonable either. $314k is an insane price and who would buy at that price. They will only be crazy people promoting projects without looking at the facts. they became popular because of advertisements and support from people who do not understand what crypto is.

1. Bitcoin can already be traded on exchange and Pi has not
2. Bitcoin does not require KYC and Pi must do KYC
3. Bitcoin already has a price and Pi does not yet have a price
4. Bitcoin is very popular and recognized as the king of cryptocurrency and Pi is only a part of cryptocurrency
5. Bitcoin is the main pioneer and Pi is just an imitator

While I do agree that most of what you've said is true, PI isn't really a cryptocurrency based on what it is showing right now. They keep hiding in the shadows and telling people that it's a crypto but in reality, they're there to collect people's data. A lot of people have been fooled by this project and keeps on waiting for the right time for them to sell it on exchanges. But once the reality knocks them out, they will realize that there's no reality for this project and it won't get into exchanges.