๐ฅ WHAT REALLY HAPPENED WITH GCV (Global Consensus Value)
A few years ago, some Pi pioneers came up with the idea of GCV, a suggested price for 1 Pi coin. The goal? To help people see the value of Pi and avoid selling it too cheaply before it had real utility.
๐ง THE FIRST GCV: $314
This number wasnโt random, it was chosen to make people feel confident about holding Pi. But during a meeting in China, some folks worried that if people thought Pi would hit $314, they might start selling early, and the price would crash before it even got there.
๐ SO THEY RAISED IT.. TO $6,700
Not because Pi was actually worth that much, but as a psychological trick. The idea was: if people believed Pi was super valuable, theyโd hold onto it longer and help build the ecosystem.
๐ข THEN CAME THE PI SYMBOL: 3.14159
Someone noticed that 314,159 looks like the digits of the Pi symbol (ฯ = 3.14159). So they said, โLetโs use that as the new GCV!โ Again, it was symbolic, not realistic.
โ ๏ธ WHERE THINGS WENT WRONG
What started as a motivational idea turned into confusion. Some people began telling others that $314,159 was the real price of 1 Pi. Merchants believed it. They accepted Pi for real products and services, thinking theyโd be rich later.
But now? Pi is trading on exchanges for less than $1. Those merchants canโt cash out at GCV prices. Theyโre stuck.
๐งญ WHAT YOU NEED TO KNOW
- The Pi Core Team never officially said GCV was real.
- GCV was just a community idea to inspire belief.
- The real value of Pi will come from utility, apps, and adoption, not hype.
- Merchants and users need to be smart and cautious, not just hopeful.
๐ฅ Pi is powerful, but only if we build real value around it. Letโs educate, innovate, and protect each other from false hopes. GCV was a spark, not a promise.
๐งฟ๐๐๐ฒโจ๐๐ฅ
