Part 6/7:
User Engagement: The simplicity of tapping a button to mine could diminish user interest over time, especially if the perceived value of the token doesn’t translate into tangible benefits or purchasing power.
Economic Viability: There is serious doubt about how Pi tokens would acquire real-world value if, or when, the mainnet eventually launches due to a lack of existing economic infrastructure.
Referral Structure: Critics liken the referral system to a pyramid scheme, where bonuses incentivize recruiting more users—a structure that can ultimately lead to an unsustainable model.
Inflation Concerns: The model of token generation could inflate the value of Pi beyond recovery, potentially rendering each token negligible.