We have also created almost 3 million GCV data.
It is important to clarify that the intention behind setting the value of Pi GCV high is to discourage speculative purchasing and to emphasize that Pi is not designed as an investment or speculation tool. Additionally, I have noticed that some cryptocurrency holders have expressed apprehension about the potential success of Pi, fearing that it may impact the value of their cryptocurrencies. And this is probably the reason many of them attacked Pi and GCV. I would like to address and correct these misunderstandings.
Pi is not designed for speculative trading on exchange markets for such purposes. Instead, it is intended to serve as a benchmark for all cryptocurrencies and fiat currencies due to its stable nature, supported by a robust ecosystem. So please rest assured Pi won't compete with your holding cryptocurrency.
For those who view Pi as a speculative asset, the GCV strategy may indeed act as a deterrent, in line with our aim to discourage speculative purchasing. It is also important for us to understand the concept of coinage which we have successfully done!
In ancient times, governments defined the weight of precious metals, such as gold, silver, or copper in coins, not for individuals to buy large amounts of them and sell them to get profits, but as a means of measuring product prices. Similarly, Pi is positioned as a currency, with its value determined by pioneers rather than traditional market forces. This approach, known as coinage, seeks to shift pioneers' mindsets from mere purchasing to understanding the concept of coinage.
Considering these points, it would be prudent to avoid using examples related to the price of standard products or investments, as Pi operates within a different framework. Nonetheless, it is acceptable to draw comparisons with Bitcoin to gauge the relative value of Pi, which we believe to be significantly greater than that of Bitcoin.
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