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#PI# This is a struggle between the grassroots people of the world and the elites, the last financial revolution for the common people to rise. Pi is challenging various industries globally! They fear Pi's success, they worry about Pi's success, they even dread Pi's success!
🚨 Who doesn't want Pi to succeed? Why are they afraid?
The success of Pi is not just the rise of a cryptocurrency, but a redistribution of wealth and power. If Pi truly succeeds, it will impact the existing financial order and challenge multiple vested interest groups. Therefore, there are many individuals and organizations that do not want Pi to succeed, and they may even take various measures to obstruct its development.
📌 1. Traditional financial institutions (banks, central banks, governments)
🔴 The success of Pi signifies the rise of decentralized currencies, weakening the control of fiat currency systems.
• Traditional banks operate based on fiat currency systems, controlling currency issuance, payment settlements, and the interest rate spread between deposits and loans, earning huge profits.
• The central bank's monetary policy determines the direction of the economy, but the decentralized model of Pi is not controlled by the central bank, which prevents them from manipulating economic liquidity.
•If Pi can achieve global payments and value storage, the monopoly of fiat currency will be weakened, and banks and governments will lose control over the economy.
✅ Their possible actions:
• Block Pi transactions through regulatory means, prohibiting banks from accepting Pi as a payment method.
• Discredit Pi, create FUD (Fear, Uncertainty, Doubt) to make the public lose confidence in Pi.
• Use legal means to intervene, claiming that Pi violates financial regulations, in order to hinder its popularity.
💡 The decentralized nature of Pi poses a challenge to the fiat currency system, and banks and governments will not easily allow it to succeed.
📌 2. Capital giants, crypto OGs, and speculative traders
🔴 Pi is an opportunity for ordinary people to gain wealth, and capital giants and market manipulators in the crypto space cannot manipulate it at a low price, so they do not want Pi to succeed.
• Traditional cryptocurrencies (such as BTC and ETH) were initially controlled by a very small number of capital holders, who accumulated them at very low costs and then profited through market manipulation.
• The model of Pi is completely different; ordinary people can mine for free, and capital cannot accumulate at low prices and then harvest at high positions. This breaks their habitual way of wealth accumulation.
•If successful, Pi will become the first cryptocurrency system led by ordinary people, rather than controlled by capital, and the OGs and big players in the crypto world will lose their control.
✅ Their possible actions:
• Continuously disparaging Pi, calling it a scam, with the aim of making ordinary people give up Pi themselves.
• Create chaos in Pi trading, use market manipulation to cause significant fluctuations in Pi's price, and create a sense of panic.
• Intentionally crashing the market on the exchange to create negative public opinion and undermine confidence in the Pi ecosystem.
💡 What the OGs and market makers in the crypto world fear the most is that Pi can succeed without them, and they cannot manipulate the Pi market.
📌 3. Stakeholders of other crypto projects
🔴 The success of Pi may seize market share and challenge the existing ecosystem of cryptocurrency projects.
• Bitcoin is digital gold, Ethereum is a smart contract platform, while Pi is directly aimed at global payments, with a huge target market.
•If Pi really achieves decentralized payments, many payment projects built on BTC and ETH will be eliminated.
•Pi does not rely on miners, is not limited by computing power, and does not require complex smart contracts. Its ease of use may reduce the competitiveness of other projects.
✅ Their possible actions:
• Discredit Pi, calling it a "centralized scam" with the aim of negating its value and bringing users back to the BTC and ETH ecosystem.
• Spread negative information on social media to make people lose trust in Pi.
• Use technical means to attack the Pi ecosystem, such as DDoS, hacking, and other methods to disrupt Pi operation.
💡 Pi's biggest competitive advantage is its popularity and decentralized mining, while other crypto projects may attempt to hinder this to protect their own interests.
📌 4. National governments, especially those that are hostile towards cryptocurrencies.
🔴 The success of Pi will weaken the government's control over the economy, especially its impact on foreign exchange controls and the tax system.
•Many countries do not want their national currency to be replaced by decentralized currency, as this would affect fiscal policy and monetary control.
•Pi allows for free trading globally, while many countries' foreign exchange policies rely on mandatory currency exchange controls.
•If Pi is widely used, governments will not be able to easily freeze assets, track the flow of funds, or implement capital controls.
✅ Their possible actions:
•Announce that Pi trading is illegal, prohibit domestic exchanges from supporting Pi, and even block Pi-related websites.
• Require banks to prohibit handling of Pi-related funds and block the conversion channel between fiat currency and Pi.
• Use media to promote that Pi is an illegal financial instrument to scare off ordinary users.
💡 The globalization and decentralized payment functions of Pi may threaten government economic control, especially in countries that rely on fiat currency power.
📌 5. Technology blockade groups (such as tech giants, payment companies)
🔴 The rise of Pi may challenge traditional payment systems such as Visa, Mastercard, PayPal, etc.
•These companies rely on centralized payment systems to collect fees, while Pi may enable low-cost global payments, affecting their profits.
•If Pi succeeds, their global payment market will face challenges, as Pi allows transactions without the need for a bank account.
The widespread adoption of decentralized payments may cause traditional payment companies to lose their technological barriers, and even lead to user migration.
✅ Their possible actions:
• Restrict the use of Pi payments within their ecosystem, such as prohibiting the circulation of Pi in Apple and Google payment systems.
• The coalition government is pushing for stricter cryptocurrency regulations to protect its market share.
•Develop your own cryptocurrency, attempting to use capital power to block the growth of Pi.
💡 Pi is a decentralized payment system, while the core business model of tech payment giants is centralized settlement, creating a conflict of interests between the two.
🚀 Conclusion: The success of Pi challenges multiple vested interests that do not want it to succeed.
1️⃣ Traditional financial institutions (banks, central banks, governments) are concerned about losing control over the monetary system.
2️⃣ Crypto circle OGs and whales cannot manipulate Pi; they want to suppress it to continue controlling the market.
3️⃣ Other crypto projects do not want Pi to replace their market position.
4️⃣ The government may hinder the development of Pi because it threatens fiat currency sovereignty and financial regulation.
5️⃣ Technology payment companies may block Pi because it could affect their centralized payment profits.