“This Isn’t Charity” — Why Merchants Are Accepting Pi at GCV
Doris Yin, a long-term player in Pi Network and a proponent of the Global Consensus Value (GCV), has brought up a fire about merchant adoption of Pi once again. Yin, however, in her latest post, makes a distinction between accepting Pi in GCV not being charity but rather a considered business approach. Since 2023, she has continuously been a proponent of a hybrid situation in which merchants take half of Pi payments and fiat in order to keep their businesses afloat and still engage in ecosystem development.
Circulation Over Cashing Out
The fundamental element of the argument by Yin is that circulation generates value. Instead of converting Pi at once to fiat, she puts an emphasis on keeping Pi flowing in the ecosystem. Yin does not portray Picoin as a speculative term, but as an exchange, whose value grows bigger when more merchants and consumers use it.
Medical media of 2022 2023 attached to the post, and it presents precise examples of barter transactions. Cases in point are opening of Samsung smartphones sold at a valuation of 299 Pi and the delivery of PM Amino supplements to Canada with Pi transaction confirmation screenshots. These refute allegations that Pi is not practical in the real world. This proves that peer-to-peer trading has already taken place in the society.
Early Merchants as Ecosystem Builders
Being a pioneer in the GCV movement, Yin emphasizes that initial involvement of merchants is crucial. She makes an emphasis on the increasing dataset of Pi Network itself. This is in 20 million+ data points, since this is the testimony of the growing number of users. In her estimation, early-engaging merchants not only sell goods, but they also create pricing standards, trade patterns and trust systems that may influence the economic model of Pi in the long run.
Yin also links merchant adoption with the bigger story of GCV valuation, normally mentioned at $314,159 per Picoin. She claims that valuation can never be centralized, but rather collectively accepted and used, though controversial and aspirational. Any merchant who accepts Pi at a negotiated value today can have an unfairly strong voice in the event of economic standardization of the network in the future.
The post “This Isn’t Charity” — Why Merchants Are Accepting Pi at GCV appeared first on Coinfomania.
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