21/08/2022
โกโกโก _PI PRO AREWA_ โกโกโก
The translation of Doris's speech which she delivered later yesterday.
Continuation.
Let's get cracking โ
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..can hold a lot of pi but cannot exchange to Fiat currency as you expected. But if the price is 314159, that means your hand pi can be exchanged to FIAT currency very soon if you need cash it. And the time period will only same as your AR max. 3 months. So it is necessary to think about the price from a long-term perspective and height. Then you need to understand the mission and vision of Pi: Pi will be a currency for and by the people. The world's most inclusive peerto-peer marketplace is fueled by pi, the world's most widely used cryptocurrency. The future of pi is to assume the responsibility of the world's circulating currency, especially the need to achieve peerto-peer transactions, including daily life and international trade settlement. According to the data of the Bank for International Settlements a few days ago, the average daily trading volume of the international foreign exchange market is 6-11 trillion US dollars, if it is calculated according to 1000 US dollars per pi, it needs 6-11 billion pi, if it takes 10,000 US dollars price, it needs 60 million to 110 million pi, if it is 314159 US dollars, it needs 19,098,609 to 35,014,117 pi. Therefore, the starting barter price of pie needs to be raised by at least 314159 US dollars. I know there have some transactions will be multiple counted if the same funds has been transfer many times in one day. But even 30%-50% of the volume, still need 10 million pi one day to circulate when the price is 314159. So maybe you have the question, can pi be the world's circulating currency? Whether it can be a world currency in circulation as stated in the project white paper, my analysis is as follows: First, general acceptance must be acceptable to many people Second, the value base or credit basis, everyone knows that the pi itself has a very high value, this value comes from WEB3.0
