WHY THE GCV MOVEMENT (1 PI = $314,159) IS SUCCESSFULLY SPREADING
(GCV helps Pi meet monetary attributes most efficiently!)
1. Universality
For Pi to become a global peer-to-peer payment currency, it must be widely accepted. With only 50 million pioneers currently, Pi needs to attract billions of users to achieve this goal. When billions of miners begin using Pi, the mining rate will drop significantly. Hence, the price of Pi must be set at a level that attracts 8 billion holders, making it universal.
2. Stability
When people start using a currency, they seek price stability. If purchasing power drops significantly, users tend to abandon it. Conversely, if purchasing power increases rapidly, people hoard the currency. Therefore, maintaining long-term value stability for Pi is crucial to ensure trust and ongoing usage.
3. Liquidity
Before adopting a currency long-term, people evaluate its commitment to future utility. They need confidence that holding the currency will bring benefits regardless of circumstances. This is liquidity. Hence, GCV ensures Pi’s liquidity over the long term.
Addressing Supply Concerns
Some argue that 100 billion Pi is excessive and will drive prices low. However, Pi is designed to last for centuries. Thus, 100 billion Pi might not be enough for circulation. A high price for Pi, such as GCV $314,159, encourages pioneers to hold Pi until demand increases. If the price is low, it will only attract a minority, which is undesirable for a currency.
While controlling inflation is a key macroeconomic goal, moderate inflation supports economic growth. Deflation, however, is harmful and must be avoided. A 100 billion supply paired with GCV pricing mitigates future deflation risks.
Long-term Stability and Ecosystem Strength
To ensure Pi's long-term stability as a currency, a robust ecosystem supported by a high unified price like GCV is essential.
Why Nicolas Created Pi
Dr. Nicolas designed Pi to address Bitcoin’s failure to meet three essential monetary attributes: universality, stability, and liquidity. Some pioneers feel KYC and migration processes are slow. This delay protects Pi from becoming a second Bitcoin. That’s why Pi's price is crucial. GCV can help Pi meet all three attributes.
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Key Insights:
With the world’s current population at ~8 billion, Earth’s wealth, and Pi’s circulating supply at ~65 billion, each individual averages 8.125 Pi. Early adoption allows this large supply.
High Pi pricing acts as a long-term lock-in because Pi cannot be printed like fiat currency.
Earth's wealth and population are expected to grow rapidly. This requires long-term planning, as Pi's volatility will decrease post-Open Mainnet. An initial exchange price of at least $314,159 is needed to deter speculation.
Think long-term. Understand Pi’s mission and vision:
“Pi will be a currency for and by the people. The world’s most inclusive peer-to-peer marketplace driven by Pi, the most widely used cryptocurrency globally.”
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Merchant Perspective
A high or low Pi price doesn’t affect merchants’ total income, only the number of coins exchanged. Additionally, with a high initial price, steady increases will allow profit from both price appreciation and value gains.
Pi is a Battle, and Consensus is the Weapon!
As Nicolas said:
"PI’S VALUE IS DETERMINED BY PIONEERS THEMSELVES!"
Let pioneers and merchants unite to champion Pi globally. A price of $314,159 ensures Pi's long-term success!
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Supporting GCV Supports Pi’s Future
Want financial freedom? Support GCV!
Want Open Mainnet soon? Support GCV!
Want faster KYC? Support GCV!
Want Pi wallet migration expedited? Support GCV!
Stuck KYC? Support GCV!
Always remember:
"Pi’s price is not decided by any exchange! Pioneers create Pi’s value! Focus on what you should do, and stop relying on external valuations."
#pinetwork #wolibughatti #pigcv