The GCV strategy is truly clever!
As long as everyone deposits u into the GCV application dapp, GCV will calculate using the recognized value of pi as 314159u.
This is really a clever move. At this moment, it allows for high-value currency exchange.
Some people think that to support pi, they only transfer 10u, then they are selling 10u at a price of 314159 = 0.00003pi.
What a clever move, directly selling at a high price,
It all depends on their conscience.
However, since it is natively supported by pi, it should be more genuine...
If it is real, it's a good thing, turning into something very powerful. If not, then that's just too clever. 🤣.
If they are doing this for the good of pi, then they can take the u collected, sell pi at 314159, and then use the u to buy pi in the market.
This way, as the price of pi increases, more retail investors will support GCV, and they will keep transferring u in.
In this way, GCV can, in a way, continuously buy pi with unlimited funds like MicroStrategy does with BTC.
Since it is natively supported, it should be real, and if it is, that's a huge positive! This clever move is impressive! 👍