I agree here😂
Anyway, recently I'm seeing lots of people still find it hard to believe the global consensus value.
Let make it clear. Merchants have the final say on the value of pi. You as buyer don't have any choice but to give in to their demand.
It's no coincidence that 5 decimal places is our mining.
It's because most of the goods and services will be priced from 0.00001-0.1 pi and higher type would be above 1 pi.
You have seen that the global consensus is $ 314,000 which means 0.00001 pi = $ 3.14
Yes, the consensus is confusing, but think of this way,
Mostly The majority of pi is locked which means more than half is not accessible to use for the next years.
That means scarcity.
Simple rule of Money, the less The supply, the more valuable. When less is the issue of Money, most goods and services are priced in centavos, and as more money is produced, the value of centavos disappears so per unit the prices of goods and services.
This is applicable to anything, like when a product is so expensive, it becomes retail to meet the demand.
So it's also applicable to Pi cryptocurrency, all goods and services would be initially priced in micropi's or 0.00001 pi as subunit.
So don't be fooled by the value provided by global merchants, they have the control of the pi economy both ecosystem and utilities.
Just be grateful that you have pi.😍
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