For years, the Pi Network has promised something bold: a decentralized cryptocurrency anyone could mine from their phone. No expensive hardware, no complicated setup – just an app, a tap, and time. It was a pitch that attracted tens of millions of users, especially in developing countries. But now, some early supporters are starting to ask tough questions about what they gave up along the way.
Dr. Altcoin, a well-known voice in the crypto community, just shared his growing concern on X. He had supported Pi Network from the beginning, believing in its values of inclusivity, accessibility, and eco-friendliness. But in his latest post, he didn’t hold back. He called out the Pi Core Team for their lack of communication and transparency, and he raised a warning that goes far beyond delayed launches or missing exchange listings.
To participate in Pi Network, users had to hand over a lot of personal data. They registered with real names and phone numbers. They completed KYC by scanning government-issued IDs and submitting facial recognition data. The app also requested location tracking and access to device information. In short, Pi users gave the platform access to some of their most sensitive data – often without really knowing how that data would be used.
Dr. Altcoin’s main concern now isn’t about Pi Coin’s price or when mainnet will finally open to the public. It’s about how the data of over 70 million users could be misused if there’s no proper oversight. He pointed out the potential for this information to be used in AI model training, identity theft, biometric data abuse, and even geolocation tracking. And with many Pi users living in regions with weak privacy protections, the risks are even greater.
I supported the Pi Network project for years because I believed in its vision of inclusivity, accessibility, and eco-friendly global adoption. But I have also called out the Pi Core Team when delays lacked valid reasons.
— Dr Altcoin (@Dr_Picoin) May 23, 2025
Is a 1-second mining rate really all the Pi Community…
This concern comes at a time when the price of Pi Coin remains sluggish, with the token trading around $0.81 today and showing very little movement. Some community members are losing patience, while others still believe the project is quietly laying the foundation for something bigger. If you’re looking for a short-term price outlook, check out our Pi Coin price prediction for today, May 23.
But even beyond price action, the network’s data policies have come under increased scrutiny, especially after recent reports surfaced about large Pi Coin transfers. A Pi explorer tool, Piscan, revealed that 19 million Pi coins were sold – a number that caught many off guard. It raised fresh doubts about what’s happening behind the scenes and whether insiders have access that the public doesn’t.
So, is Pi Network heading for collapse, or are these just growing pains for a future breakout? One of our latest pieces asks that very question: Is Pi Network falling apart or quietly gearing up for a big comeback?
For now, what’s clear is that Pi Network has collected a goldmine of user data over the years. And if the Pi Core Team doesn’t step up to explain how that data is protected- and what exactly it’s being used for- they may lose the trust of the very community that made their project possible.
Because in crypto, it’s not just about decentralization. It’s also about accountability.
Disclaimer: The views and concerns expressed in this article are based on public commentary by third-party sources, including Dr. Altcoin. They do not represent the official stance of CaptainAltcoin. This content is provided for informational purposes only and should not be considered financial or legal advice. Always do your own research before making any investment or data-related decisions.
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