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wayneward

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252,912 次观看 • 3 年前 •via X (Twitter)

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TOPIC #107: PI NETWORK IS A STABLE COIN? -WHO DECIDES PI FULLY OM FIXED VALUE? Dear GCV army, I hope you are all doing great! First of all, I would like to express my sincere gratitude for all your hard work. Many of you have achieved significant milestones, and it’s evident that you are making a great difference. Our influence has grown significantly, with an increasing number of social media posts and YouTubers publicly supporting us. I can see that more and more people are beginning to understand why we advocate for GCV. Today's meeting aims to alleviate any doubts you may have, allowing you to relax and feel confident as we embark on our historic journey together. I will answer the questions I’ve received and address some important issues we need to focus on to maintain our community's efficiency, particularly regarding our Generals, which will be the topic next weekend. I put the questions I received here. "A question addressed to Ms. Doris Yin in the emergency meeting 1– In light of the rapidly changing global circumstances and the increasing discussion about stablecoins backed by U.S. Treasury bonds, how do you see the future role of the Pi Network in this context? And what practical steps should the GCV army take now to accelerate this path? 2_ There are those who promote the idea that the price of Pi is what appears in the market (currently around $0.49) and compare it to the price of GCV within the ecosystem (314,159 Pi = 1 good or service). They say if Pi’s price rises to $2, it means that the value within The ecosystem is approximately 2 million dollars. With sincere appreciation and discipline." This is from the Arab head of GCV Ambassador Mr. Mohammed. Another question: "Hello, my Global Ambassador, I am Ateba Joseph, Ecological Ambassador in Cameroon And a member of the GCV army, I am delighted to exchange with you. Regarding the meeting with the GCV army on Sunday, July 27, 2025.. Here is my concern: A few days ago, a correspondence indicated that Pi is not or is not yet a stable coin. Upon reading this information, we have provided many explanations to help the pioneers understand this. I hope you will focus more on this statement to further strengthen our understanding of the subject. Thank you for taking my concerns into consideration" Thank you for the above questions; my answers are below. The first question concerns stablecoins. Many pioneers are hoping that Pi can be recognized by the U.S. government as a stablecoin. I wrote an article on this in May. On July 18, 2025, President Trump signed the Guiding and Establishing National Innovation for US Stablecoins Act (the GENIUS Act) into law. This legislation establishes a regulatory framework for payment stablecoins and marks the first federal legislation on digital assets enacted since President Trump issued an executive order aimed at making the U.S. the “crypto capital of the world.” U.S.-issued stablecoins are expected to become the primary means of dollar transactions globally, especially in emerging markets with unstable local currencies. The sponsors of the GENIUS Act estimate that by 2030, stablecoin issuers may collectively become the largest holders of U.S. Treasuries, surpassing foreign central banks. From this, we can see that U.S. stablecoins must maintain reserves backing outstanding payment stablecoins on a one-to-one basis, consisting only of specified assets, including U.S. dollars and short-term Treasury securities. It is clear that the Pi Network will not take this path, as it is not part of our plan. A stablecoin is essentially a digital representation of the U.S. dollar. All stablecoin issuers do not create a new currency; rather, it’s akin to purchasing chips at a casino – you must use U.S. dollars to buy those chips. However, Pi is a completely new currency. It does not need to be backed up by U.S. dollars or U.S. Treasuries to be used. If that were the case, we wouldn’t need to establish an ecosystem or have a three-year enclosed mainnet. I previously mentioned the possibility of Pi being an algorithmic stablecoin since only algorithmic stablecoins do not need to be backed by U.S. dollars. However, algorithmic stablecoins have faced significant failures in the past. The collapse of the Terra (LUNA) cryptocurrency resulted in a loss of at least $40 billion in market capitalization, with estimates reaching as high as $60 billion. TerraUSD (UST), an algorithmic stablecoin, lost its peg to the U.S. dollar, contributing to its overall collapse. The new stablecoin legislation recently passed through the Senate effectively ties the U.S. Treasury to crypto, as it essentially bets the government’s cash flow on digital tokens and market speculation. This legislation requires stablecoins to be backed by short-term Treasury bills, generating an estimated $2–$3 trillion in new demand for government debt, which is nearly half the current size of the T-bill market. On paper, this looks beneficial, but in reality, it creates a circular feedback loop: crypto demand fuels stablecoins, stablecoins buy T-bills, and T-bills fund government deficits. The government becomes reliant on speculative capital flows. Thus, we should understand why the U.S. government will not support the Pi Network as a stablecoin, as they require stablecoin issuers to buy T-bills and can no longer trust algorithmic stablecoins. So, what is the future of the Pi Network as a currency? From my perspective, Pi is already listed on exchange markets. It cannot be classified as a security because it is mined freely and is not an ICO. Instead, it should be categorized as a commodity, similar to Bitcoin and ETH. When a currency is listed for trading on an exchange, its price is determined by the balance of supply and demand. However, Pi is a currency in its own right; it has inherent value from Pi holders -Pioneers. Historically, currency has served as a medium of exchange. A medium of exchange is a widely accepted item for buying goods and services in an economy. It facilitates transactions by eliminating the need for a barter system, where goods are directly exchanged for other goods. In modern economies, money (such as currency) serves as the primary medium of exchange. **Functions of Money:** One of the core functions of money is to serve as a medium of exchange, enabling the smooth transfer of value between buyers and sellers, thereby simplifying trade and economic activity. **Examples:** In modern economies, this typically includes currency (paper money, coins) or digital money. In specific historical contexts, other items, such as cigarettes in prisoner-of-war camps, have also served as mediums of exchange. **Importance of Acceptance:** For a medium of exchange to function effectively, it must be widely accepted and trusted within the relevant community. **Not the Same as a Payment Method:** While credit cards and checks are used for payments, they do not serve as mediums of exchange themselves. Therefore, stablecoin is not a new currency. It is more likely to have a credit card or check character. It is a USD digital status. From the analysis presented, we can draw the following conclusions: The current price of Pi on the exchange market primarily serves as a temporary measure to facilitate broad expansion. While this is not our primary objective, it constitutes a strategic approach towards achieving our mission. To gain a clearer perspective, we must adopt a higher-level view of the overall vision for the Pi Network. The mission and vision of Pi Network clearly articulate that it is not intended to function as a commodity for sale, nor is it meant to be an investment vehicle or a speculative security. Instead, it is crucial to recognize that Pi is designed to be a medium of exchange—a new form of currency. As pioneers in this venture, we have the unique opportunity to acquire Pi through free mining. However, it is important to note that the current mining rate is relatively slow. To overcome this limitation and to further our goal of mass adoption, it is essential for more individuals to join the Pi Network and participate in holding Pi. One efficient way to accelerate this process is by allowing Pi to be traded on the exchange market, which can result in rapid and widespread adoption. Since Pi can be mined for free, a lower price could make it more accessible to a larger number of people. It's important to focus on our primary goal during this pre-full Open Mainnet (OM) phase: mass adoption, rather than aiming for high prices, which many pioneers expected. Some pioneers want to sell when the price increases, but if too many sell, it could undermine our goal of achieving mass adoption. This scenario is reminiscent of historical instances when shells served as currency—readily accessible from the sea or buy from the village market. For shells to function effectively as currency, a collective effort was needed to hold and circulate them within the village. If only a select few individuals possess the shells, the currency lacks the necessary circulation to sustain an economy. Hence, our goal should not be centered on achieving a high price; instead, we should strive to make Pi more affordable so that a greater number of individuals can acquire and hold it, thereby fostering a thriving economic ecosystem. Of course, the rising price will build up merchants' confidence to accept it as payment. This is why we refer to it as a buyback campaign, which aims to achieve mass adoption and foster ecosystem confidence. As Pi evolves into a currency, the question of its value becomes pertinent. Given that it is a new currency, its value is not immediately clear. This presents an opportunity for us, the pioneers, to play a crucial role in defining it. The determination of Pi's value is not the responsibility of a central authority such as CT, the government, or the exchange. Instead, it will emerge from a decentralized consensus within the community, which collectively owns Pi. This concept is akin to ancient times when the value of shells was not determined by the sellers. Rather, the value was derived from the collective agreement of the village that utilized them as currency. I hope this elaboration clarifies the distinction between value and price, enabling a deeper understanding of the foundational principles that drive our mission with Pi Network. Pi represents a groundbreaking innovation—a revolution that is poised for long-term economic development on a global scale, rather than perpetuating cycles of plunder and exploitation. By harnessing the power of blockchain technology, Pi empowers ordinary individuals, which creates an inherent conflict of interest with the U.S. government in the short term. Should the U.S. government endorse the Pi Network, it raises questions about the viability of U.S. treasuries and who would ultimately purchase them. Consequently, the government may prioritize support for stablecoins backed by the U.S. dollar and U.S. Treasury securities, as this can help alleviate the U.S. government's issues with limited demand. However, I previously mentioned the potential for Pi to emerge as an algorithmic stablecoin. At that time, the Genius Bill had not yet been enacted. If the Pi Network gains acceptance from the U.S. government, its growth could become rapid and expansive, leading to widespread adoption in other nations. This path would position Pi as a legitimate currency in nearly every country, contingent upon certain conditions. For instance, if the price of Pi in the exchange market can align with the GCV, this could be achieved through a buyback mechanism involving 10 million pioneers. Such a scenario would indicate that Pi differs significantly from past algorithmic stablecoin failures, presenting a compelling case for the U.S. government to view Pi as a low-risk asset. However, it presents a significant challenge to be collectively reached by pioneers, and there are other conditions that we cannot achieve in a short time. While it might appear that Pi Network conflicts with the U.S. dollar or stablecoins in the short term, it has the potential to address the broader issue of overprinting currency, which has plagued the U.S. and many other nations. This would benefit international trade by alleviating concerns about currency appreciation or depreciation in international transactions. The global economy indeed requires a super sovereign currency—one that ensures stability for future generations and fosters lasting peace and prosperity. To comprehend Pi as a currency, it is crucial to recognize that we must cultivate long-term value by generating GCV data. In the short term, our focus needs to be on establishing a robust exchange market and decentralized applications (DApps) to drive mass adoption. If this is understood, there should be no need to feel discouraged by the current low price of Pi. The true value of Pi as a currency derives not from the exchange market, trading platforms, or governmental endorsement, but rather from our community's collective efforts and engagement. You might wonder how a government could adopt Pi, given that it does not take the form of a stablecoin. I would counter with the example of Bitcoin, which has thrived even in environments where many countries have imposed bans. Currently, Pi is transitioning from its traditional commodity status to being recognized as a currency, meaning governmental awareness of Pi Network is still in development. As such, existing regulations generally pertain to older forms of cryptocurrency rather than our innovative approach. Our branding as a digital currency, rather than a cryptocurrency, is intentional. Dr. Nicolas has expressed concerns that many aspects of conventional cryptocurrencies pose challenges to government frameworks and public trust, often leading to economic harm rather than benefit. Our commitment to Know Your Customer (KYC) and Know Your Business (KYB) protocols distinguishes us by mitigating money laundering risks and protecting Pi holders from speculative practices. Many businesses face bankruptcy or closure because consumers lack the disposable income to engage in spending. Imagine how Pi could enable those businesses to survive and thrive—people could utilize Pi to make purchases and easily convert it into fiat currency to sustain operations, thereby preserving many jobs. The function in our wallet that allows users to "buy" Pi is not merely a feature; it represents a vision for the future where conversion to fiat currency can happen immediately, without dependency on third-party exchanges. Moving forward, we can establish a fixed rate (the GCV) for conversions. Once larger institutions and prominent companies recognize the low-risk profile of joining Pi Network due to its GCV stability, we can expect a considerable influx of participants seeking to gain a competitive advantage. You may ask how companies would finance the purchase of Pi at GCV rates. This is an insightful question. My perspective is that the demand for Pi’s stable value will inherently incentivize investments. Much like why individuals purchase stablecoins for their convenience in facilitating cross-border transactions, Pi will appeal to consumers and businesses alike, particularly because we are leveraging Web 3.0 blockchain technology, AI-driven platforms, and a rich ecosystem of decentralized applications (DApps). We are cultivating a loyal customer base that recognizes the value of this innovation. We understand that high-net-worth individuals seek safe investment opportunities. While U.S. treasury bonds currently represent a secure asset class, they are not without risk. Therefore, if Pi Network can maintain a limited supply coupled with blockchain technology and a consistent GCV, it is plausible that affluent investors would allocate a portion of their capital to acquire Pi. This would lead to fiat inflows whenever there is increased demand for Pi, establishing an equilibrium between Pi and fiat currencies. This interplay is why I believe DApps are critically significant. We need broader usage of Pi in real-world applications. I hope my analysis has helped clarify why the price of Pi should not overly concern us. Buying Pi to hold onto it allows pioneers to accumulate more, while building merchant confidence is essential to kickstart the ecosystem. Merchants will be motivated to see Pi’s price appreciation since this removes the risks for DApps and service providers who depend on exchange market prices. A rise in demand for Pi will subsequently reduce its supply, which is beneficial for price increases. I look forward to discussing Pi GCV army management in another session. Thank you for your time. Let’s continue striving for greatness together. Doris Yin 🪷🪷🪷 Founder, Global GCV Movement Disclaimer: This speech is intended solely for educational purposes within the GCV community. The views and content shared here represent my personal perspective and are part of the GCV movement, but do not reflect the official position of the Pi Core Team (PCT). Pi Network represents a new revolution, meaning there is no existing example for us to follow and no guiding manual. As Dr. Fan mentioned, we cannot predict what will happen around the next corner. Therefore, we must practice and forge our own path. As more people traverse this journey, the road will become clearer.
0:55

TOPIC #107: PI NETWORK IS A STABLE COIN? -WHO DECIDES PI FULLY OM FIXED VALUE? Dear GCV army, I hope you are all doing great! First of all, I would like to express my sincere gratitude for all your hard work. Many of you have achieved significant milestones, and it’s evident that you are making a great difference. Our influence has grown significantly, with an increasing number of social media posts and YouTubers publicly supporting us. I can see that more and more people are beginning to understand why we advocate for GCV. Today's meeting aims to alleviate any doubts you may have, allowing you to relax and feel confident as we embark on our historic journey together. I will answer the questions I’ve received and address some important issues we need to focus on to maintain our community's efficiency, particularly regarding our Generals, which will be the topic next weekend. I put the questions I received here. "A question addressed to Ms. Doris Yin in the emergency meeting 1– In light of the rapidly changing global circumstances and the increasing discussion about stablecoins backed by U.S. Treasury bonds, how do you see the future role of the Pi Network in this context? And what practical steps should the GCV army take now to accelerate this path? 2_ There are those who promote the idea that the price of Pi is what appears in the market (currently around $0.49) and compare it to the price of GCV within the ecosystem (314,159 Pi = 1 good or service). They say if Pi’s price rises to $2, it means that the value within The ecosystem is approximately 2 million dollars. With sincere appreciation and discipline." This is from the Arab head of GCV Ambassador Mr. Mohammed. Another question: "Hello, my Global Ambassador, I am Ateba Joseph, Ecological Ambassador in Cameroon And a member of the GCV army, I am delighted to exchange with you. Regarding the meeting with the GCV army on Sunday, July 27, 2025.. Here is my concern: A few days ago, a correspondence indicated that Pi is not or is not yet a stable coin. Upon reading this information, we have provided many explanations to help the pioneers understand this. I hope you will focus more on this statement to further strengthen our understanding of the subject. Thank you for taking my concerns into consideration" Thank you for the above questions; my answers are below. The first question concerns stablecoins. Many pioneers are hoping that Pi can be recognized by the U.S. government as a stablecoin. I wrote an article on this in May. On July 18, 2025, President Trump signed the Guiding and Establishing National Innovation for US Stablecoins Act (the GENIUS Act) into law. This legislation establishes a regulatory framework for payment stablecoins and marks the first federal legislation on digital assets enacted since President Trump issued an executive order aimed at making the U.S. the “crypto capital of the world.” U.S.-issued stablecoins are expected to become the primary means of dollar transactions globally, especially in emerging markets with unstable local currencies. The sponsors of the GENIUS Act estimate that by 2030, stablecoin issuers may collectively become the largest holders of U.S. Treasuries, surpassing foreign central banks. From this, we can see that U.S. stablecoins must maintain reserves backing outstanding payment stablecoins on a one-to-one basis, consisting only of specified assets, including U.S. dollars and short-term Treasury securities. It is clear that the Pi Network will not take this path, as it is not part of our plan. A stablecoin is essentially a digital representation of the U.S. dollar. All stablecoin issuers do not create a new currency; rather, it’s akin to purchasing chips at a casino – you must use U.S. dollars to buy those chips. However, Pi is a completely new currency. It does not need to be backed up by U.S. dollars or U.S. Treasuries to be used. If that were the case, we wouldn’t need to establish an ecosystem or have a three-year enclosed mainnet. I previously mentioned the possibility of Pi being an algorithmic stablecoin since only algorithmic stablecoins do not need to be backed by U.S. dollars. However, algorithmic stablecoins have faced significant failures in the past. The collapse of the Terra (LUNA) cryptocurrency resulted in a loss of at least $40 billion in market capitalization, with estimates reaching as high as $60 billion. TerraUSD (UST), an algorithmic stablecoin, lost its peg to the U.S. dollar, contributing to its overall collapse. The new stablecoin legislation recently passed through the Senate effectively ties the U.S. Treasury to crypto, as it essentially bets the government’s cash flow on digital tokens and market speculation. This legislation requires stablecoins to be backed by short-term Treasury bills, generating an estimated $2–$3 trillion in new demand for government debt, which is nearly half the current size of the T-bill market. On paper, this looks beneficial, but in reality, it creates a circular feedback loop: crypto demand fuels stablecoins, stablecoins buy T-bills, and T-bills fund government deficits. The government becomes reliant on speculative capital flows. Thus, we should understand why the U.S. government will not support the Pi Network as a stablecoin, as they require stablecoin issuers to buy T-bills and can no longer trust algorithmic stablecoins. So, what is the future of the Pi Network as a currency? From my perspective, Pi is already listed on exchange markets. It cannot be classified as a security because it is mined freely and is not an ICO. Instead, it should be categorized as a commodity, similar to Bitcoin and ETH. When a currency is listed for trading on an exchange, its price is determined by the balance of supply and demand. However, Pi is a currency in its own right; it has inherent value from Pi holders -Pioneers. Historically, currency has served as a medium of exchange. A medium of exchange is a widely accepted item for buying goods and services in an economy. It facilitates transactions by eliminating the need for a barter system, where goods are directly exchanged for other goods. In modern economies, money (such as currency) serves as the primary medium of exchange. **Functions of Money:** One of the core functions of money is to serve as a medium of exchange, enabling the smooth transfer of value between buyers and sellers, thereby simplifying trade and economic activity. **Examples:** In modern economies, this typically includes currency (paper money, coins) or digital money. In specific historical contexts, other items, such as cigarettes in prisoner-of-war camps, have also served as mediums of exchange. **Importance of Acceptance:** For a medium of exchange to function effectively, it must be widely accepted and trusted within the relevant community. **Not the Same as a Payment Method:** While credit cards and checks are used for payments, they do not serve as mediums of exchange themselves. Therefore, stablecoin is not a new currency. It is more likely to have a credit card or check character. It is a USD digital status. From the analysis presented, we can draw the following conclusions: The current price of Pi on the exchange market primarily serves as a temporary measure to facilitate broad expansion. While this is not our primary objective, it constitutes a strategic approach towards achieving our mission. To gain a clearer perspective, we must adopt a higher-level view of the overall vision for the Pi Network. The mission and vision of Pi Network clearly articulate that it is not intended to function as a commodity for sale, nor is it meant to be an investment vehicle or a speculative security. Instead, it is crucial to recognize that Pi is designed to be a medium of exchange—a new form of currency. As pioneers in this venture, we have the unique opportunity to acquire Pi through free mining. However, it is important to note that the current mining rate is relatively slow. To overcome this limitation and to further our goal of mass adoption, it is essential for more individuals to join the Pi Network and participate in holding Pi. One efficient way to accelerate this process is by allowing Pi to be traded on the exchange market, which can result in rapid and widespread adoption. Since Pi can be mined for free, a lower price could make it more accessible to a larger number of people. It's important to focus on our primary goal during this pre-full Open Mainnet (OM) phase: mass adoption, rather than aiming for high prices, which many pioneers expected. Some pioneers want to sell when the price increases, but if too many sell, it could undermine our goal of achieving mass adoption. This scenario is reminiscent of historical instances when shells served as currency—readily accessible from the sea or buy from the village market. For shells to function effectively as currency, a collective effort was needed to hold and circulate them within the village. If only a select few individuals possess the shells, the currency lacks the necessary circulation to sustain an economy. Hence, our goal should not be centered on achieving a high price; instead, we should strive to make Pi more affordable so that a greater number of individuals can acquire and hold it, thereby fostering a thriving economic ecosystem. Of course, the rising price will build up merchants' confidence to accept it as payment. This is why we refer to it as a buyback campaign, which aims to achieve mass adoption and foster ecosystem confidence. As Pi evolves into a currency, the question of its value becomes pertinent. Given that it is a new currency, its value is not immediately clear. This presents an opportunity for us, the pioneers, to play a crucial role in defining it. The determination of Pi's value is not the responsibility of a central authority such as CT, the government, or the exchange. Instead, it will emerge from a decentralized consensus within the community, which collectively owns Pi. This concept is akin to ancient times when the value of shells was not determined by the sellers. Rather, the value was derived from the collective agreement of the village that utilized them as currency. I hope this elaboration clarifies the distinction between value and price, enabling a deeper understanding of the foundational principles that drive our mission with Pi Network. Pi represents a groundbreaking innovation—a revolution that is poised for long-term economic development on a global scale, rather than perpetuating cycles of plunder and exploitation. By harnessing the power of blockchain technology, Pi empowers ordinary individuals, which creates an inherent conflict of interest with the U.S. government in the short term. Should the U.S. government endorse the Pi Network, it raises questions about the viability of U.S. treasuries and who would ultimately purchase them. Consequently, the government may prioritize support for stablecoins backed by the U.S. dollar and U.S. Treasury securities, as this can help alleviate the U.S. government's issues with limited demand. However, I previously mentioned the potential for Pi to emerge as an algorithmic stablecoin. At that time, the Genius Bill had not yet been enacted. If the Pi Network gains acceptance from the U.S. government, its growth could become rapid and expansive, leading to widespread adoption in other nations. This path would position Pi as a legitimate currency in nearly every country, contingent upon certain conditions. For instance, if the price of Pi in the exchange market can align with the GCV, this could be achieved through a buyback mechanism involving 10 million pioneers. Such a scenario would indicate that Pi differs significantly from past algorithmic stablecoin failures, presenting a compelling case for the U.S. government to view Pi as a low-risk asset. However, it presents a significant challenge to be collectively reached by pioneers, and there are other conditions that we cannot achieve in a short time. While it might appear that Pi Network conflicts with the U.S. dollar or stablecoins in the short term, it has the potential to address the broader issue of overprinting currency, which has plagued the U.S. and many other nations. This would benefit international trade by alleviating concerns about currency appreciation or depreciation in international transactions. The global economy indeed requires a super sovereign currency—one that ensures stability for future generations and fosters lasting peace and prosperity. To comprehend Pi as a currency, it is crucial to recognize that we must cultivate long-term value by generating GCV data. In the short term, our focus needs to be on establishing a robust exchange market and decentralized applications (DApps) to drive mass adoption. If this is understood, there should be no need to feel discouraged by the current low price of Pi. The true value of Pi as a currency derives not from the exchange market, trading platforms, or governmental endorsement, but rather from our community's collective efforts and engagement. You might wonder how a government could adopt Pi, given that it does not take the form of a stablecoin. I would counter with the example of Bitcoin, which has thrived even in environments where many countries have imposed bans. Currently, Pi is transitioning from its traditional commodity status to being recognized as a currency, meaning governmental awareness of Pi Network is still in development. As such, existing regulations generally pertain to older forms of cryptocurrency rather than our innovative approach. Our branding as a digital currency, rather than a cryptocurrency, is intentional. Dr. Nicolas has expressed concerns that many aspects of conventional cryptocurrencies pose challenges to government frameworks and public trust, often leading to economic harm rather than benefit. Our commitment to Know Your Customer (KYC) and Know Your Business (KYB) protocols distinguishes us by mitigating money laundering risks and protecting Pi holders from speculative practices. Many businesses face bankruptcy or closure because consumers lack the disposable income to engage in spending. Imagine how Pi could enable those businesses to survive and thrive—people could utilize Pi to make purchases and easily convert it into fiat currency to sustain operations, thereby preserving many jobs. The function in our wallet that allows users to "buy" Pi is not merely a feature; it represents a vision for the future where conversion to fiat currency can happen immediately, without dependency on third-party exchanges. Moving forward, we can establish a fixed rate (the GCV) for conversions. Once larger institutions and prominent companies recognize the low-risk profile of joining Pi Network due to its GCV stability, we can expect a considerable influx of participants seeking to gain a competitive advantage. You may ask how companies would finance the purchase of Pi at GCV rates. This is an insightful question. My perspective is that the demand for Pi’s stable value will inherently incentivize investments. Much like why individuals purchase stablecoins for their convenience in facilitating cross-border transactions, Pi will appeal to consumers and businesses alike, particularly because we are leveraging Web 3.0 blockchain technology, AI-driven platforms, and a rich ecosystem of decentralized applications (DApps). We are cultivating a loyal customer base that recognizes the value of this innovation. We understand that high-net-worth individuals seek safe investment opportunities. While U.S. treasury bonds currently represent a secure asset class, they are not without risk. Therefore, if Pi Network can maintain a limited supply coupled with blockchain technology and a consistent GCV, it is plausible that affluent investors would allocate a portion of their capital to acquire Pi. This would lead to fiat inflows whenever there is increased demand for Pi, establishing an equilibrium between Pi and fiat currencies. This interplay is why I believe DApps are critically significant. We need broader usage of Pi in real-world applications. I hope my analysis has helped clarify why the price of Pi should not overly concern us. Buying Pi to hold onto it allows pioneers to accumulate more, while building merchant confidence is essential to kickstart the ecosystem. Merchants will be motivated to see Pi’s price appreciation since this removes the risks for DApps and service providers who depend on exchange market prices. A rise in demand for Pi will subsequently reduce its supply, which is beneficial for price increases. I look forward to discussing Pi GCV army management in another session. Thank you for your time. Let’s continue striving for greatness together. Doris Yin 🪷🪷🪷 Founder, Global GCV Movement Disclaimer: This speech is intended solely for educational purposes within the GCV community. The views and content shared here represent my personal perspective and are part of the GCV movement, but do not reflect the official position of the Pi Core Team (PCT). Pi Network represents a new revolution, meaning there is no existing example for us to follow and no guiding manual. As Dr. Fan mentioned, we cannot predict what will happen around the next corner. Therefore, we must practice and forge our own path. As more people traverse this journey, the road will become clearer.

Doris Yin 东方紫莲🪷

17,590 次观看 • 10 个月前

Honor thy Mother and Father #heididutytime™ #heidihaus
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Honor thy Mother and Father #heididutytime™ #heidihaus

Heidi Christensen

77,135 次观看 • 2 天前