越南控制著近48％的PI網絡節點，引起了對權力下放風險的擔憂

核心團隊（而不是普通用戶）持有超過607億的PI硬幣。

The Pi Network was built to be a global, decentralized project that gives power back to the people. But right now, it’s facing a serious challenge, too much of its network is controlled by one country.

PI網絡的建立是一個全球性的，分散的項目，它將權力歸還給人民。但是目前，它面臨著一個嚴重的挑戰，其網絡的太多是由一個國家控制的。

At the heart of the issue is Vietnam, which now hosts nearly half of all Pi Network nodes, raising flags about the fairness and long-term resilience of the project.

該問題的核心是越南，該越南現在擁有所有PI網絡節點的近一半，這引起了有關該項目的公平性和長期彈性的旗幟。

Can Pi Network still live up to its promise, or is it slowly turning into something it was never meant to be? Let’s discuss it further.

PI網絡仍然可以兌現其承諾，還是慢慢地變成從未有過的東西？讓我們進一步討論。

Vietnam Hosts Nearly Half of Pi’s Nodes

越南擁有近一半的Pi節點

According to recent data, Vietnam controls 154 out of 319 global Pi nodes, making up over 48% of the network. Even more, 33 of the 76 currently active nodes are in the country.

根據最近的數據，越南控制了319個全球PI節點中的154個，佔網絡的48％以上。更重要的是，目前有76個活躍節點中有33個在該國。

This means almost half the network depends on one country and that’s risky. If something goes wrong in Vietnam, like internet blocks or new laws, it could cause major problems for the whole network.

這意味著幾乎一半的網絡取決於一個國家，這是有風險的。如果越南出現問題，例如互聯網塊或新法律，則可能會給整個網絡帶來重大問題。

Strict Crypto Laws in Vietnam

越南嚴格的加密法

Adding to the complexity, Vietnam’s legal stance on cryptocurrencies like Pi Coin is far from friendly. The country’s laws don’t recognize Pi as a legal payment option. In fact, authorities have made it clear that using Pi for transactions could lead to a fine of 50 million VND to 100 million VND (about $2,000 to $4,000) or even face criminal charges.

除了複雜性外，越南對Pi Coin等加密貨幣的法律立場遠非友好。該國的法律不承認PI是合法付款方式。實際上，當局已經明確表示，將PI用於交易可能會導致5000萬至1億面VND罰款（約合2,000美元至4,000美元），甚至可能面臨刑事指控。

On top of that, Vietnam’s Ministry of Finance has proposed new rules to allow only licensed institutions to hold and manage crypto. If passed, this could heavily impact local Pi miners and node operators.

最重要的是，越南財政部提出了新的規則，以允許有執照的機構持有和管理加密貨幣。如果通過，這可能會嚴重影響當地的PI礦工和節點操作員。

Centralization Goes Beyond Geography

集中化超越地理

The concerns don’t stop with location. According to Piscan, over 60.7 billion Pi Coins (out of 100 billion) are held by the Pi Foundation’s wallets. That’s more than 60% of all the tokens in the hands of the core team.

擔心不會隨著位置而停止。根據Piscan的說法，Pi Foundation的錢包持有超過607億PI硬幣（在1000億個中）。這是核心團隊手中所有令牌的60％以上。

Even worse, Pi Network has only two validator nodes, and both are owned by the core team. This setup is far from decentralized and leaves little control to the actual users.

更糟糕的是，Pi Network只有兩個驗證器節點，並且兩者都由核心團隊所有。此設置遠非分散，幾乎沒有控制實際用戶。

The Community Is Getting Worried

社區越來越擔心

Some users are already speaking up. One Reddit user wrote, “So long as the team holds some coins, it will never be decentralized.”

一些用戶已經在大聲疾呼。一位Reddit用戶寫道：“只要團隊擁有一些硬幣，它將永遠不會分散。”

Others have warned about possible insider selling and scam tokens copying Pi’s name to steal data or money.

其他人警告說，可能的內部銷售和騙局代幣將Pi的名稱複製以竊取數據或金錢。

On March 2, Hanoi City police warned people about risky hype around Pi, especially after it started getting attention on exchanges. Officials said the network is being promoted with “unrealistic promises” and that many people don’t understand the real risks.

3月2日，河內市警察警告人們有關PI周圍有風險的炒作，尤其是在開始關注交流之後。官員們說，該網絡正在以“不切實際的諾言”而推廣，並且許多人不了解真正的風險。

If Pi truly wants to be a people-powered network, it must take urgent steps to reduce control from one region and one team.

如果PI確實想成為一個以人為動力的網絡，則必須採取緊迫的步驟來減少一個地區和一個團隊的控制。