BREAKING NEWS : Call on Global GCV Community Pioneers to Continue the Efforts to Advance Open Mainnet - hokanews
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BREAKING NEWS : Call on Global GCV Community Pioneers to Continue the Efforts to Advance Open Mainnet - hokanews
hokanews.com - Dear global pioneers!
After 3 months of
hardworking and contribution, the global GCV community has expanded rapidly.
The situation is very excited. We are very happy to see 19 countries from the
Arab community steadily supporting GCV. Of course, we still have Southeast
Asia, African countries and South Asia countries including India and Pakistan
etc as before. We have also seen a lot of pioneer’s support from Europe and the
United States, Canada. Special thanks to the USA crypto freelancer Ms. Grace
Owell published an analysis to support GCV on Newsway.com. Also special thanks
to hokanews.com team strongly support GCV.
They did a great job to introduce Pi Network to the world. We also find there
is an Australian based website: Pinetworkproperty.com. It announced they
will accept GCV when open mainnet. I just checked this website and find it has
been in construction now. Because these are big commodities with high
value which means high risk, it will accept GCV when open mainnet.
In addition, I see there are many Hackathon projects such as
Indonesian “Pi showroom” and “Pi Property”, Vietnamese Skpilogistics and Pailot
which has won Hackathon by consumer utility category support GCV too.
They all believe that the stable development of the ecology needs
the community consensus which will be conducive to the stability and prosperity
of the ecology and will pave the way for the opening of the main network.
In addition to the community pioneers actively unifying consensus,
merchants from all over the world actively participated in barter to strongly
support GCV. Many provinces and cities in China have WEB 3.0 barter conferences
among which Anhui Province, Hebei Province, Guangdong Province, Fujian Province
held the most barters and are more frequently. The total value is estimated to
have reached $100 million. There are two barter conferences were held in
Burkina Faso, which have been reported on national television. Mr. Marcel
Dango, Burkina Faso's outstanding community leader was interviewed and he
talked about the consensus price of the Pi as GCV. Excellent team leader in
Indonesia Mr. Ruddy Solangs organized two barter conventions which include a
lot of jewelry in addition to basic household items. We all see there were
another large event in the community a few days ago. Vietnam has also held
several large-scale GCV barter events. Next month Hanoi, Vietnam will hold a
1,000-person barter conference. The barter amount is estimated very high. There
are currently more than 3,000 products and it continues to expand which
including computers, cosmetics and food, fruits, daily necessities. In the
following days I see there will have many large-scale barter activities in
several provinces and cities in China such as Fujian, Hebei, Sichuan, and Gansu
provinces and some even include limited supplies of real estate and cars. As I
explained before, during close mainnet there are some risks for high value
commodities. They need to see more confidents from the community so that they
can move forward. Therefore, even there are some real property or cars has been
offered but there is limited amount, or they need to wait open mainnet to
finalize it. This the reason we call global pioneer pay attention to these
merchants’ expectation to have GCV be widely accepted. United price can help
ecosystem. And this is the reason merchants don’t want to let the market slowly
adjust the price. The longer mess-up price, the higher risk to them. They
cannot have enough FIAT to support long time waiting of the united price. All
merchants will run out of cash in 6 months no matter high or low consensus
price. Therefore, only untied price sooner can help the open mainnet and they
can rest assured because open mainent means they can exchange to FIAT to
restock. Also, when open mainnet, Pi Network will attract more business
to join in to accept Pi as payment so that in the future there is no need to
exchange to FIAT or go to exchange market in long term.
The above is the actual data and influence of GCV introduced to
us and it shows that our entire GCV community is very serious and united
to implement the GCV consensus. Some pioneers may not have studied the history
of GCV and its theoretical foundations in the past. So they have no idea what
the global wealth is and how much is the reasonable price range. I have
observed that there are currently different views on the price. So I want to
talk about the theoretical basis of GCV:
How much is the global
wealth?
·
According to the China Council for the Promotion of International
Trade CCPIT on September 21, 2022. Milan Financial News reported on September 20
that Credit Suisse's latest "Global Wealth Report" shows that at the
current exchange rate, the total global wealth in 2021 reached $463.6 trillion, an increase of 9.8%
compared with 2020, but due to inflation, rising interest rates and a decline
in real asset values, global wealth growth is expected to decline sharply in
2022 Slowly, we count the global wealth of $500 trillion in 2023. The total
distribution of the community is 65 billion, and according to the estimated
base Pi is 10%, there will be 6.5 billion base Pi will be migrated. Most have
been locked 90% so 650 million will be available immediately to use. Others
have been locked 33 months. When the mainnet is opened, it is estimated that
the available coins can reach 1.3 billion. If we calculate global wealth at
$500 trillion to be $500000000000000. Then we can get the rough price each of
Pi is around 300K to 400K USD. Since we don't have a specific number, so it is
just an estimate. But the estimate can give us a big picture how much is
reasonable. Please remember this is estimate the open mainnet barter start
point of price. So we don’t count 35 billion for other usage and bonus
Pi. All these coins won’t be release at open mainnet.
·
According to the 2022 RMB Internationalization Report, in 2021,
the total amount of RMB cross-border receipts and payments by banks on behalf
of customers was 36.6 trillion yuan, or US$5.124 trillion. If it is $6700, then
764,776,119 Pi needed and it is about 760 million Pi. If the price is GCV
it will need 16,310,212 Pi which is about 16 million Pi. So GCV is still a
feasible and reasonable price.
·
So if $6,700 doesn't work, $100 and $1 are even
less likely to work. Of course it won’t let ecology and international settlement
work well.
·
So there are also people who propose $628,000
and 1 million dollars. I think it may work theoretically, but there is no
merchant support and transaction record at the moment. I think it can be
achieved in the long term, that is every year after the mainnet, the
popularization of international trade will be achieved as the ecological demand
increases.
·
There are still people who are talking about 1
billion, 2 billion dollars as 1 Pi price. I'm going to say it's impossible, and
this is completely devoid of numbers who living in a virtual imagination to say
this number. If you calculate at 1 billion dollars, the world's wealth is not
that much, which means that 500,000 Pi is enough for global wealth.
The
above is my theoretical feasibility analysis of GCV using numbers. While the
$6,700 cannot support the total amount of wealth and the ultra-high consensus
of $1 billion not only has no data basis nor theoretical support. In fact, we
have Pi in our wallet and seen that the core team uses 7 decimal places as the
unit of calculation. That is 0.0000001*314159 = 0.03 USD, so this GCV can
correspond to US dollars to one cent.
I'm
going to talk about who decides the price. As Dr. Nicolas affirms that the
price is a pioneers created, I've heard a lot of community leaders advocate
that the price is determined by the different countries’ government. First, I
want to say that Pi belongs to 233 countries in the world. It does not belong
to one country but belongs to all countries. The so-called super-sovereign
digital currency does not belong to any sovereign country. Even if the
government of any country is optimistic to Pi network and wants to support.
They can only deploy to join in by building ecosystem. Pi Network is located in
the United States so it must comply with the laws and Regulations of the United
States and accept SEC supervision. Therefore, the price must be created by the
pioneers of the community of various countries. So please don’t misleading
pioneers. This will result in pioneers’ anxiety. The role of the project side
can only talk about technology while pioneer’s role is different. Our task is
to talk about price for ecosystem and join ecosystem as a user. The two sides
work together to complete the open mainnet.
And
our pioneer is the internal cause that promotes the main network while the
external cause is the policy of the national government and the international
situation. But this external cause needs to be used through internal factors to
function. If you don't sow seeds but you water and fertilize every day. Can you
grow crops? We pioneer is like the seeds. International and government policies
and regulations are water and fertilizer. Therefore, everyone must sow the
seeds before they can harvest. Then external international and domestic
policies are a necessary condition but not sufficient condition.
Many
pioneers are still cannot do KYC even though mass KYC has started. Please
be patient! There are around 50 million pioneers and only less than half
passed. So based on this big amount, it cannot let all pioneers do it in a few
days. It will last around 1-2 months or longer. If you keep on being
rejected in Pi Browser, you can submit appeal as instructed. All real pioneers
will pass KYC. So please don’t worry. Now KYC has two different pass
status. One kind will completely pass and most pioneers get orange message
which is temporary pass. You will be verified later before migrating to
your wallet. Please don’t worry about this. As I said before, all
projects or business has the macro risk control. What is Pi Network risk now?
It is under table exchange to FIAT. Therefore, when we increase the cognition
on Pi price to GCV, it will reduce the risk because most pioneers won’t do
under table sale anymore. Furthermore, GCV can help ecosystem develop faster
and increase the usage of Pi. Therefore, more Pi will be migrated. That’s why I
call global community support GCV to help advance to Pi open mainnet.
I
also call on GCV's community and other community to focus on the big picture.
Please don’t attack and insult each other. We need to focus on building our own
communities but not disturb other communities. GCV community will attract more
like-minded pioneers to join our community and we believe that in the near
future, GCV will unify the price of the global community! Pave the way for an
early opening of the main network!
Pioneers!
We must deserve the title of pioneer! Bear the glorious mission and heavy
responsibility which entrusted to us by history! Pi's mission will be conducive
to the development of the global economy. So please put aside personal
selfishness. Pi Network interest and the global interest are higher than our
personal interests. And only Pi Network interest will really benefit ourselves.
Don’t do the things only self-interest but actually harmful to yourself and
harmful to Pi Network!
GCV
must win! I wish the main network to open as soon as possible!
Good
luck!
Doris
Yin 5/17/2023
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