The value of Global Consensus (GCV) for Pi Network currency is controversial within the Pioneers community, as one team sees the desired price of around $314.159 per PI as merely a symbolic benchmark and informal interpretations, while others oppose it, claiming that this figure is unrealistic and driven by technologies not listed in the official protocols of the network.
Pro-GCV perspective
- Some leaders of the GCV community justify that the value of GCV is used in certain trading cases and services within the Pi ecosystem, pointing to correlations between value mechanisms and existing APIs on GitHub to localize the idea of dual value within the network.
- They claim that financial institutions will deal with Pi according to the value of GCV in some future payment applications and banking contracts, with an overlap between 'pure' Pi and PI purchased from exchanges.
Widespread opposition in the community
- Prominent critics completely oppose the idea of GCV, considering it a marketing deception that confuses users and leads to illusions regarding an artificially inflated currency price.
- Other critics have shown additional custom code on GitHub as evidence that the proposed modifications are unofficial and not part of the core protocol of the Pi Network.
- The price of PI remains low with a continuous decline in market value, having recorded a significant drop in recent weeks, and its fluctuations have sparked intense debate about the feasibility of relying on unproven symbolic values.
Important notes
- These discussions reflect community opinions and are not considered investment advice. Please rely on official sources and KYB requirements and applicable protocols when dealing with Pi.
- Changes in opinion and technical specifications may continue as the Pi network evolves and updates.
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