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.
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 Rewards 1 Million KYC Validators Milestone
Pi Network has achieved a milestone with over 1 million validators completing 526 million KYC tasks, showcasing its decentralized identity verification efforts. The hybrid model combines human and AI verification to ensure authenticity. With 18 million identities verified, the project shifts focus from token distribution to building a functional blockchain economy, emphasizing community involvement and long-term utility.
Coinfomania4h ago
Pi Network Distributes KYC Rewards to 1M Validators
The Pi Network's first large-scale reward distribution for KYC validators involved over 1 million users completing 526 million validation tasks. This decentralized approach enhances security and encourages user participation, paving the way for future expansions.
Coinfomania04-04 07:21
Pi Network forcibly enables 2FA to protect wallet security; migrating to the mainnet is no longer high-risk.
Pi Network rolls out a security update, requiring Pioneers to enable two-factor authentication (2FA) to protect users’ account and wallet security and prevent loss of funds during the mainnet migration. This move addresses ongoing scam threats and ensures that sensitive actions are approved only by the account owner. At the same time, node operators have upgraded to protocol 21.2 to improve system performance. Users must complete the mainnet migration step by step to safeguard their assets.
GateNews04-03 08:48
Pi Network Mandates 2FA for Wallet and Mainnet Migration
Pi Network has introduced a key security update for its users, known as Pioneers. The network now requires two-factor authentication (2FA) to complete both first and second mainnet migrations.
This step is part of the Mainnet Checklist. It focuses on protecting user accounts before real Pi tokens m
Coinfomania04-03 07:24
Pi Network (PI) News Today: March 25th
The controversial crypto project remains among the most-talked-about topics in the entire digital asset space, and one upcoming development may increase its popularity even more.
PI pumped hard in mid-March, but the momentum faded fast. Meanwhile, current market signals suggest that a further
CryptoPotato04-02 19:30
