My friend dreams of Pi Network making them rich

"I have colleagues and friends who have urged me to join Pi Network for years. Some even bought Pi coin, wrote analytical posts, and painted grand visions of financial freedom. But every post always ended with an invitation code—the real priority, as referrals helped them earn more Pi.

The obsession with Pi is easy to understand. For many, it represents the quickest way to get rich. My friend has already envisioned their dream life—being served hot pho in bed instead of quickly preparing breakfast before rushing to work, choosing a luxury car, deciding where to build a villa, or even buying an entire resort. Who would not be thrilled by such dreams? The only concern is whether it is all self-delusion.

As for the outcome, who knows what will happen next? If Pi really has value, I would be happy for them. If not, then it will be a wasted effort for everyone involved. My advice is simple: Do not recruit others into this like a pyramid scheme, as it can come across as off-putting."

That was the perspective of reader Bao, who shared his thoughts on the excitement surrounding Pi Network, which is only two days away from its so-called "open network" launch on Feb. 20. The anticipation is palpable. Many people in Vietnam, for years, have been checking in daily to mine Pi, convinced that it will eventually make them millionaires. Many have recruited family and friends to join the app and expand the Pi community.

Vietnam ranks among the top countries in terms of Pi Network engagement, with users increasing rapidly. The mindset of "nothing to lose" has led some to take bigger risks—borrowing money to acquire more accounts and mine faster.

However, concerns about potential risks are growing. Reader Nguyen Minh Tuan pointed out the challenges that many overlook. "People think mining Pi is easy, but that is far from the truth. You have to pass KYC verification, endure years of locked assets, and struggle to transfer Pi to a wallet. I started mining Pi in mid-2023, but after filtering out virtual Pi, I have only managed to transfer 500 real Pi to my wallet—300 of which were recently transferred, and only 30 Pi are unlocked for transactions. Making money from Pi is not easy—it is an extremely difficult process," he explains.

Sharing the same concern, reader Ratranh warned about unrealistic expectations. "Everyone wants to make hundreds of millions of dong from Pi (VND1 million = US$39.18), hoping for a life-changing windfall. But have you ever asked yourself, ‘Who is actually going to buy all this Pi when everyone starts selling?’ Even cryptocurrencies follow the basic rules of supply and demand. If everyone is eager to sell, but few are willing to buy, what do you think will happen?"