**Let Go of Fantasy and Face Reality**

After carefully reading and deeply understanding the insights shared by Teacher Dongfang Zilian, the founder of the global GCV movement, on May 6, the following summary has been prepared:

In the journey of advancing our project, we face numerous challenges and critical choices. Currently, there are some fundamental ideological misunderstandings within the Pi project. Some individuals are overly reliant on CT, believing that they alone can achieve significant success. This leads to an exaggerated promotion of the project while overlooking the essential support from pioneers. The reality is that even with excellent project technology, a lack of solid backing from pioneers for the project’s vision can result in failure due to short-sighted actions.

Regarding code-related matters, while some code has been written, not all of it has been officially acknowledged. Only a small portion of forked code has been integrated into the core team's main development branch, and this integration has not been publicly recognized by the core team itself. Only a few professionals have acknowledged its inclusion. It is important to note that we cannot determine substantial progress in the project based solely on unofficial information.

Currently, there is a lag in the actions of our pioneer team. Many pioneers are passively waiting for positive news, believing that existing efforts are redundant and that the established code will automatically achieve the desired outcomes, such as price setting and bank integration mentioned in the code. However, it should be clear that even if the code is valid, it does not guarantee immediate acceptance by the market and financial institutions. Our objective is to become an algorithmic stable currency, which requires endorsement from key figures like the chairman of the Federal Reserve and official authorities; otherwise, the conceptual code is nothing more than a castle in the air.

From a financial perspective, the core team cannot support the massive capital requirements, such as the substantial funds needed for U.S. bond maturity. Therefore, we can only rely on algorithmic endorsement, which is highly dependent on market stability and confidence. Given these circumstances, it is unwise to operate in isolation. We must embrace supervision and actively seek official recognition.

Additionally, some individuals in the international community, led by Dimas, and in the Chinese region, led by Liangshi, have pushed the theory of absolute code, which significantly diverges from the direction of pioneers. The code is merely a concept or a plan, and its implementation must be verified by the market, similar to how scientific research results need market acceptance before they can be widely adopted. We should not become fixated on one-sided theories but rather focus on practical feasibility, promoting projects to gain industry certification and assessment through market practices, and subsequently obtaining legal recognition from various governments.

It is noteworthy that Buffett's actions—such as selling U.S. stocks, refraining from investing in U.S. dollars and Pi, while opting for Japanese bonds—reflect that our project has yet to gain recognition from mainstream society. Those spreading false information and indulging pioneers are obstacles to the project’s success. We must not be passive; instead, we should actively communicate accurate information to prevent pioneers from being misled.

In summary, we need to align our thoughts, abandon misconceptions, take proactive steps, strive for official recognition, prioritize practical implementation and market feedback, and work diligently to promote the project to success.

*Deputy Executive Director of GCV Core Team in Greater China: Hong Xuaner*
*May 7, 2025*