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.
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
“Insiders Dumping Everything Except Oil” Claim Hits Tape: BTC, PI, And XRP Reaction
A viral post claimed insiders were liquidating assets except for oil, reflecting traders' concerns about geopolitical tensions and macroeconomic stress. The narrative highlights oil's resilience amid cautious sentiment in crypto markets like BTC and XRP, impacted by factors like Trump's Iran threats.
LiveBTCNews10h ago
Pi Network completes the first round of KYC reward distribution, with over 1 million validators helping power the mainnet launch
Pi Network has completed the distribution of rewards for the first round of KYC verification. With more than 1 million validators contributing to the confirmation of 18 million global identities, the reward pool exceeds 26 million Pi Coin. This progress marks a key step toward the mainnet launch, demonstrating the efficiency of human–machine collaboration, optimizing performance mechanisms, and attracting more users to participate.
GateNews18h ago
Pi Network launches its KYC rewards; verification returns are up to 21x mining rewards
Pi Network has completed the distribution of rewards to participants who passed the first round of KYC verification. More than 1 million verifiers helped verify approximately 18 million users’ identities, completing 526 million review checks in total, with the reward pool reaching 26.5 million Pi. Eligible verifiers can receive a reward of about 0.0504 Pi per task, and must complete 50 tasks by 2026. New users can still participate in subsequent rewards; the program will optimize performance measurement metrics to influence future reward allocation.
MarketWhisper20h ago
Pi Network Protocol 21.2 mandates a forced upgrade, and the SDK is fully unlocked in sync
Pi Network released the mandatory agreement 21.2 on April 6 and fully opened its software development kit (SDK), supporting an application development environment for 18 million KYC-verified users. The protocol upgrade mainly improves network stability, laying the groundwork for decentralized exchanges and smart contracts. The SDK unlock enables developers to build practical applications, marking Pi Network’s transition from early mining to payments and decentralized services, but the community still has concerns about communication and transparency.
MarketWhisper04-07 01:57
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.
Coinfomania04-05 04:07
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
