which bastard is selling me me and asking for a higher price, then what do those goalkeepers understand about consensus?
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EM Insight
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Bearish📍 Pi Network & GCV: When the dream of $314,159 meets the reality of $0.37
📌 Global Consensus Value (GCV) or the price of 314,159 USD for each PI has been supported by a group of Pioneers as a "symbolic pricing" to honor the number π.
📌 Some analysts call GCV a "scam", pointing out that any price can be added to GitHub but does not reflect the official protocol. The real price of Pi is the price with liquidity on CEX/on-ramp approved by the Pi Core Team, and Mainnet Dapps only accept market price, not GCV. Inflating GCV creates illusions of wealth for many.
📌 As millions of PI are unlocked each day, the expectation of GCV $314,159 becomes absurd. The actual market price is around $0.37, down -18.8% in the last 30 days and has broken the all-time low - a reality completely contrary to the narrative "PI will reach $314,159".
📌 The essence of the problem is that GCV is only a matter of community belief and not a value recognized by the market. Without liquidity, there is no real demand; all "valuations" are just numbers on paper. The illusion of value leads part of the community to overlook building real use cases for Pi, widening the gap between potential and market value.
📌 Global Consensus Value (GCV) or the price of 314,159 USD for each PI has been supported by a group of Pioneers as a "symbolic pricing" to honor the number π.
📌 Some analysts call GCV a "scam", pointing out that any price can be added to GitHub but does not reflect the official protocol. The real price of Pi is the price with liquidity on CEX/on-ramp approved by the Pi Core Team, and Mainnet Dapps only accept market price, not GCV. Inflating GCV creates illusions of wealth for many.
📌 As millions of PI are unlocked each day, the expectation of GCV $314,159 becomes absurd. The actual market price is around $0.37, down -18.8% in the last 30 days and has broken the all-time low - a reality completely contrary to the narrative "PI will reach $314,159".
📌 The essence of the problem is that GCV is only a matter of community belief and not a value recognized by the market. Without liquidity, there is no real demand; all "valuations" are just numbers on paper. The illusion of value leads part of the community to overlook building real use cases for Pi, widening the gap between potential and market value.
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