越南控制着近48％的PI网络节点，引起了对权力下放风险的担忧

核心团队（而不是普通用户）持有超过607亿的PI硬币。

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网络的建立是一个全球性的，分散的项目，它将权力归还给人民。但是目前，它面临着一个严重的挑战，其网络的太多是由一个国家控制的。

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.

该问题的核心是越南，该越南现在拥有所有PI网络节点的近一半，这引起了有关该项目的公平性和长期弹性的旗帜。

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网络仍然可以兑现其承诺，还是慢慢地变成从未有过的东西？让我们进一步讨论。

Vietnam Hosts Nearly Half of Pi’s Nodes

越南拥有近一半的Pi节点

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.

根据最近的数据，越南控制了319个全球PI节点中的154个，占网络的48％以上。更重要的是，目前有76个活跃节点中有33个在该国。

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.

这意味着几乎一半的网络取决于一个国家，这是有风险的。如果越南出现问题，例如互联网块或新法律，则可能会给整个网络带来重大问题。

Strict Crypto Laws in Vietnam

越南严格的加密法

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.

除了复杂性外，越南对Pi Coin等加密货币的法律立场远非友好。该国的法律不承认PI是合法付款方式。实际上，当局已经明确表示，将PI用于交易可能会导致5000万至1亿面VND罚款（约合2,000美元至4,000美元），甚至可能面临刑事指控。

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，越南财政部提出了新的规则，以允许有执照的机构持有和管理加密货币。如果通过，这可能会严重影响当地的PI矿工和节点操作员。

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.

担心不会随着位置而停止。根据Piscan的说法，Pi Foundation的钱包持有超过607亿PI硬币（在1000亿个中）。这是核心团队手中所有令牌的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只有两个验证器节点，并且两者都由核心团队所有。此设置远非分散，几乎没有控制实际用户。

The Community Is Getting Worried

社区越来越担心

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

一些用户已经在大声疾呼。一位Reddit用户写道：“只要团队拥有一些硬币，它将永远不会分散。”

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

其他人警告说，可能的内部销售和骗局代币将Pi的名称复制以窃取数据或金钱。

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，河内市警察警告人们有关PI周围有风险的炒作，尤其是在开始关注交流之后。官员们说，该网络正在以“不切实际的诺言”而推广，并且许多人不了解真正的风险。

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确实想成为一个以人为动力的网络，则必须采取紧迫的步骤来减少一个地区和一个团队的控制。