Pine, and sitka spruce, which was mentioned earlier, would be among the worst woods to use for a tripod. They vibrate too readily, which is exactly why they are used for the soundboards of almost all acoustic string instruments, including guitars, violins, pianos etc.
To check any piece of wood for how much it will vibrate, hold it at one end between your thumb and one finger, letting it hang down. then rap it sharply with the knuckle of your other hand. You will feel the vibration, especially with pine.
Hickory and ash have little vibration, which is why they are traditionally used for sledge hammer handles. They dampen vibration, and stop it running up your arm, and for this reason would be good choices for a tripod wood.
If you want to build a really light tripod, lime would be a good choice (called bass wood in the US ) Lime is one of the "deadest" of woods, which is why it is used for internal blocks and linings of violins and guitars. It lacks the toughness of hickory and the resilience of ash, but is a very light wood. For a medium weight tripod you could beef up the sections, and it still wouldn't be too heavy.
Alan Clark