#PiNetwork
Let me, an old Pi miner, tell everyone about the past and present of Pi. Whatever comes to my mind, I will share, all based on reason and evidence, with history as a reference.
The Mystery of Pi's Pricing
According to the official announcement, on December 16, 2019 (*corrected) at 2:16 AM Pacific Standard Time, the core team purchased the Pi.app domain for 10,000 Pi, successfully completing the first transaction. This moment is destined to be recorded in history!
Based on the premium of the Pi.app domain at that time, it is estimated to be around $300,000, leading to the conclusion that the price of Pi is approximately $30. Therefore, the future value of Pi is limitless!
You might think this valuation is a bit outrageous, so let's take a look back: on May 22, 2010, American programmer Laszlo Hanyecz purchased a $25 pizza with 10,000 Bitcoins, marking the first real-world Bitcoin transaction. Can you imagine the current price of Bitcoin?
Now, on December 16, 2019 (*corrected), the official Pi team spent 10,000 Pi to buy a domain worth $300,000 from investor Da Bao, marking the world's first Pi transaction!
After 9 years, a new battle for blockchain value has begun, and we await the future!
The initial $30, I believe the price valuation should be much higher now!
