The fundamental problem of commerce: a meal, a bicycle, an hour of labor — they share nothing in common until you have a universal pricing unit everyone accepts. Without it, every single transaction becomes a fresh negotiation.
This is the core challenge $PI must solve first. Before any application layer discussion matters, before any ecosystem talk makes sense, you need that baseline agreement on value. Everything else — the apps, the utility, the network effects — becomes possible only after this foundational piece clicks into place.
It's not glamorous, but it's the actual work. Establishing a credible, widely-accepted unit of account is what transforms a token from a speculative asset into functional money. Until then, you're just trading promises about what might happen later.
This is the core challenge $PI must solve first. Before any application layer discussion matters, before any ecosystem talk makes sense, you need that baseline agreement on value. Everything else — the apps, the utility, the network effects — becomes possible only after this foundational piece clicks into place.
It's not glamorous, but it's the actual work. Establishing a credible, widely-accepted unit of account is what transforms a token from a speculative asset into functional money. Until then, you're just trading promises about what might happen later.