GCV (Global Consensus Value) of Pi Network has become one of the hotly discussed topics in the community recently. Some people believe it is the key to achieving great wealth, while others see it as mere unfounded showmanship. Is there really something going on? Let's analyze.

In the Pi Network community, GCV is understood as a concept introduced by Pi enthusiasts to establish a fixed value for Pi Coin. Some fans claim that 1 Pi Coin is equivalent to 314.159 dollars, inspired by the mathematical constant π (pi). They argue that the increasing number of users, real-world applications, and the limited supply of Pi justify this valuation, while also seeing it as a motivational tool to encourage acceptance and participation.

Warnings from critics

However, critics have pointed out that, due to the lack of official approval or listings on major exchanges, GCV is merely a speculation and unrealistic hope that could lead to disappointment. They even compare Pi Network to multi-level marketing schemes or Ponzi plans, due to its reliance on social media campaigns and referrals.

Dr. Altcoin recently spoke out to clarify this issue. He emphasized that GCV has never been supported by market data or the Pi Core Team of Pi. This concept originated from a group of early users who genuinely believe in the enormous potential of Pi and have promoted this idea through events, campaigns, and community efforts.

Reality check

It is worth noting that although the Pi Core Team has never officially supported GCV, they have also not clearly rejected this concept. Ambiguous comments like 'Pi is worth what the pioneers make of it' have facilitated the spread of this myth.

Currently, Pi is trading at around 0.6323 dollars, a figure far from the claimed 314.159 dollars. GCV supporters have pointed to many blockchain transactions, but most only involve small items, not large transactions. One example shows paying thousands of dollars in fees for a 3-dollar item is very unrealistic.

The confusion on GitHub

Some people have pointed to Kosasi's GitHub as evidence for GCV, but the analyst argues that the source code has been copied and has no connection to the Pi Core Team. Many misunderstand that the community can set the price of Pi, but he emphasized that real value comes from scarcity, usefulness, and trust, not from showmanship. With 100 trillion dollars, Pi cannot be compared to Bitcoin in terms of scarcity.

GCV would make the value of Pi reach 72 trillion dollars, a figure that exceeds the global GDP and is completely unfounded. He emphasized the need for a clear response from the Core Team to clarify these misunderstandings.

Focus on real progress

Instead of pursuing fanciful dreams, the community needs to focus on quickly implementing KYC, smoothly launching the mainnet, clarifying tokenomics, speeding up transactions, improving rewards for validators, and developing real-world use cases that provide real value to Pi. With reasonable planning, practical use, and transparency, Dr. Altcoin predicts its value could reach between 100 and 300 dollars.

Analyst Mr. Spock has also criticized GCV supporters for misleading the Pi community. He warns that these misleading statements have caused the price of Pi to drop multiple times and harmed genuine Pioneers. The real threat is not the price, but the manipulation by those exploiting Pi for personal gain, he emphasizes.



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