"This is not charity"! Why are merchants starting to accept Pi under the GCV concept, sparking new discussions about the Pi Network ecosystem

PI-7,74%

Pi Network community is once again sparking heated discussions. Long-term participants and Global Consensus Value (GCV) advocates Doris Yin stated that accepting Pi within the GCV framework is not an emotional support but a calculated business strategy. Since 2023, she has been advocating for a “hybrid payment model,” where merchants accept half Pi and half fiat currency, allowing them to maintain cash flow while participating in the early development of the network ecosystem.

Yin believes that value does not come from immediate realization but from circulation. She emphasizes that enabling Pi to be continuously used in real-world scenarios is the key to driving the growth of its economic system. Unlike viewing it as a speculative asset, she prefers to see Pi as a decentralized trading network, where its intrinsic value will evolve as the number of users and merchants increases.

To demonstrate practical feasibility, Yin shared several barter cases: someone used 299 Pi to buy a Samsung smartphone, and a Canadian user completed a nutritional supplement transaction using Pi. These peer-to-peer records are seen as signals that Pi Network already possesses basic commercial functions, rather than being just a conceptual project.

In her view, early merchants are not only sellers but also rule-makers. As the network data surpasses tens of millions, these pioneers are laying the foundation for future pricing logic, trust mechanisms, and transaction standards. She believes that as more scenarios adopt Pi, these merchants will gain greater influence.

Yin also links merchant adoption to the GCV valuation concept. Although the claim that “each Pi = $314,159” remains controversial, she emphasizes that true value is not determined by a few but is formed through continuous use and consensus. Any merchant willing to accept Pi at negotiated prices today may be in a favorable position when the ecosystem matures in the future.

This debate over “business or faith” is bringing the application prospects of Pi Network back into the market spotlight.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Pi Network Gains Attention in India Amid Utility Push

Pi Network, launched in 2019, introduced a mobile-first approach to cryptocurrency mining by allowing users to mine Pi Coin directly from their smartphones without requiring high computational power. The project reached a major milestone with the launch of its open mainnet in early 2025. This is en

Coinfomania1h ago

Pi Coin 86% Rally Reverses as Technical Signals Point to Further Decline

Pi Coin surged approximately 86% between February 28 and March 13, 2026, reaching nearly $0.30 before reversing sharply to trade near $0.20, as bearish divergence between price and the Relative Strength Index (RSI) signaled fading momentum.

CryptopulseElite5h ago

Pi Network Launches Second Migration of Smart Contracts, Technical Rebound Signals Emerge

Pi Network (PI) token closed at $0.1955 on Monday after declining for four consecutive trading days. Last week, Pi developers launched on-chain smart contracts through a v20 node upgrade and announced plans for a second mainnet migration. From a technical perspective, the PI price is currently stable near the 50-day EMA and the 61.8% Fibonacci retracement level, a position that has historically been associated with technical rebounds.

MarketWhisper7h ago

Pi Network Starts Second Migration: Here’s What You Must Do to Be Eligible

Pi Network has initiated second migrations, allowing Pioneers to transfer more Pi to Mainnet, enhancing wallet security with two-factor authentication. This update may positively impact Pi Coin's market price, currently just below $0.20.

CaptainAltcoin15h ago

Pi Network Efforts to Restructure Web3 Launch Platform — Price Action Shows Otherwise

Pi Network officially launched its first version of Pi Launchpad on Testnet with a unique token mechanism on March 16. While it signifies progress, the market response has been negative, with PI's value dropping by 8.9%. The impact on investor sentiment remains uncertain.

TapChiBitcoin19h ago
Comment
0/400
No comments