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Topic: [ANN] PayPie - Blockchain-Powered Risk Assessment - page 187. (Read 109500 times)

full member
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Paypie official blog is available at https://blog.paypie.com/

Nice! What do you want to write about there and how often? Will you write about the process of the ICO, potential partners etc?
legendary
Activity: 2688
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Hire me for Bounty Management
Paypie official blog is available at https://blog.paypie.com/
sr. member
Activity: 630
Merit: 276
I have taken notes from reading the forums posts and updated the question list for my talk with Nick in 2 days time. I will really harp hard on the constantly changing WP, revenue streams, profit share etc.

Its really great to see such an active community for PayPie. It is really going to be a game change. Think of how Quicken changed the accounting industry --- PPP will do the same!

Thanks man, please ask them about partnerships developed at the Expo. It's important the these are made public before the ICO. For a lot of people that's a great sign of the seriousness of the project.

I also would like know if there were some partnerships signed at the Expo.
That would be awesome to know and really great for the ICO Smiley

full member
Activity: 294
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Regarding the questions which was asked about the competition.

I know there is Fiscal, but I don't know any other project of accounting on the blockchain  Smiley
sr. member
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$CYBERCASH METAVERSE
What a nice project. I believe I missed that but if PPP is available on exchanges? Which ones?
You haven't missed it.ICO is scheduled on 15 October.PPP will be available on some big exchanges but not cheaper than ICO price  Wink

You can't say that. If there's no demand, IT WILL GO below ICO price.

It's a decision for investment.

If you think there will be good demand then you invest and you expect for never see ico price again (in positive way).

If you think otherwise don't invest and expect to see ico price was too much.


My opinion paypie is great project and never will see its ico price after the launch. But that's my decision. Make your own Wink
newbie
Activity: 93
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Everyone has been using online transactions thoroughly. The prospect of this project is very good by using a transaction system based on blockchain technology and I hope the project is successful and can achieve the target expected by this team in the future Cool
full member
Activity: 588
Merit: 100
I have taken notes from reading the forums posts and updated the question list for my talk with Nick in 2 days time. I will really harp hard on the constantly changing WP, revenue streams, profit share etc.

Its really great to see such an active community for PayPie. It is really going to be a game change. Think of how Quicken changed the accounting industry --- PPP will do the same!

Thanks man, please ask them about partnerships developed at the Expo. It's important the these are made public before the ICO. For a lot of people that's a great sign of the seriousness of the project.
full member
Activity: 392
Merit: 100
When media speak about the blockchain they often speak about illegality or black market but what they don t know is that the blockchain technology could help to avoid this negative things. here with the honesty and transparancy for accountating.
It's a pity that most journalists only know Bitcoin if they think about blockchain technology-
full member
Activity: 686
Merit: 101
I have taken notes from reading the forums posts and updated the question list for my talk with Nick in 2 days time. I will really harp hard on the constantly changing WP, revenue streams, profit share etc.

Its really great to see such an active community for PayPie. It is really going to be a game change. Think of how Quicken changed the accounting industry --- PPP will do the same!

Something that I would be interested in is to know more about the Expo. How the people reacted when they heard about PayPie. Where they instantly hooked by the idea and can they imagine to use it or are there still doubts when talking about blockchain technology?

I am really looking forward to watch this interview.
full member
Activity: 644
Merit: 101
What a nice project. I believe I missed that but if PPP is available on exchanges? Which ones?
You haven't missed it.ICO is scheduled on 15 October.PPP will be available on some big exchanges but not cheaper than ICO price  Wink

You can't say that. If there's no demand, IT WILL GO below ICO price.
full member
Activity: 210
Merit: 105
I have taken notes from reading the forums posts and updated the question list for my talk with Nick in 2 days time. I will really harp hard on the constantly changing WP, revenue streams, profit share etc.

Its really great to see such an active community for PayPie. It is really going to be a game change. Think of how Quicken changed the accounting industry --- PPP will do the same!

Thanks, where can we find the interview once you;re done? And could you also ask them if they are already working on some big clients to use their programs?
sr. member
Activity: 546
Merit: 250
Active Trading on EPIC5k and Spectre.Ai
I have taken notes from reading the forums posts and updated the question list for my talk with Nick in 2 days time. I will really harp hard on the constantly changing WP, revenue streams, profit share etc.

Its really great to see such an active community for PayPie. It is really going to be a game change. Think of how Quicken changed the accounting industry --- PPP will do the same!
sr. member
Activity: 882
Merit: 277
If i had a dollar for every "had i known"
Here is a non-exaustive list of the disadvantages of having an accountant

He will not let you do anything.
It has a cost since you have to pay a fee.
It requires you to respect your statutory deadlines for VAT returns.
It requires you to keep track of filing procedures that are sometimes somewhat restrictive.
 
Managing your own business accounting is real pain in the a@% Its good that we will be able to use company from crypto world

Paypie doesn't automatically eliminate the pain in the ass involved in accounting your liquidities, liabilities and loss. It's basically an accounting platform on the block-chain. So the advantage it offers is the transparent info but you still have to input those info into the ledger. it's doesn't automatically do your job for you. Just saying.
sr. member
Activity: 518
Merit: 250
Here is a non-exaustive list of the disadvantages of having an accountant

He will not let you do anything.
It has a cost since you have to pay a fee.
It requires you to respect your statutory deadlines for VAT returns.
It requires you to keep track of filing procedures that are sometimes somewhat restrictive.
 
Managing your own business accounting is real pain in the a@% Its good that we will be able to use company from crypto world
sr. member
Activity: 882
Merit: 277
If i had a dollar for every "had i known"
Again this is just a guess on my part but as i aforementioned, due to SEC rules, the piecoin might have been conceived as an alternative to incentive Paypie customers/Paypie coin holders. Piecoin might be distributed as a form of dividend (note that i use the word a form to denote that its not an actual dividend) and the distribution could be exchanged on Paypie's platform for fiat. Since it's not the main coin associated with the project and only has internal use, i.e.( Paypie won't provide an exchange for it) this deflects any issue that the SEC rules might pose.
 
 As for pegging to multiple currencies, am guessing they will peg it to the currency that's currently worth the most, and use exchange rates from that currency to pay out on other currencies. Again, am just guessing and none of this should be considered viable till statement is obtained from an admin

I think I have figured it out. But still guessing. I think you actually have it backwards. PPP tokens are the investment vehicle and PieCoin are stable stores of debit/credit value.

Assuming PPP are the PayPie tokens that are traded on the exchanges. PPP will be converted to PieCoin (PIE) for internal transactions in the PayPie market.

PIE are pegged to a several major currencies at the same time: a currency basket. For the sake of argument, assume the currency basket is 1 PIE = $1.

You owe someone $300. Which means you are 300 PIE short.

PIE can only be exchanged through PPP tokens.

PPP tokens fluctuate, but according to the whitepaper the price per token starts at 1 PPP = 0.0011 ETH.

If the price of $300 = 1 ETH you need to buy 1/0.0011 = 909 PPP.

If PPP doubles in value, you need to buy 454 PPP instead. Your debt, in terms of currency basket value, has remained the same amount, ie. 300 PIE = $300.

If you were indebted 300 PPP instead of PIE, after PPP doubled in value you would owe $600.

Nice catch, and they can achieve that with PIE because it's only an internal token and it won't be put on exchanges. It's the only way to keep a token stable at the moment, there's this token, Corion in which devs claim that price will be always $1, isn't on exchanges yet but it will be on day, I'm going to grab a popcorn basket when their reserve to buy COR will finish (because at some point it will finish)

Are we talking about PIECoin, as in https://coinmarketcap.com/currencies/piecoin/ ? I am really confused now  Huh

No we not talking about the shit coin on the exchanges called pie coin, rather we referring to an internal coin utilized on the paypie platform thats also named piecoin.
Anyway, rigorous your explanation makes a lot of sense, hopefully a paypie admin can confirm if it's on the right track cos investors will deem such info vital.

After re-reading the whitepaper again and again I think I got it completely wrong.

The actual money owed on the invoice is not paid with PIE but through traditional ways, ie. bank transfers, VISA, whatever. I was misled by statements such as

all transactions will flow through blockchain and validity of all transactions including sent invoices can be verified

Lender confirms, signs and funds get transferred to the company and published on blockchain

But it's not realistic to transfer money owed through PIE, as the PIE balance sheet would quickly eclipse the value of PPP and PayPie itself. Small-medium companies have balance sheets of up to $100 Million.

The only things transferred through the PayPie network are documents such as invoices, and those invoices are put on a marketplace where the right to see or pay them may be bought using PIE. PayPie charges a fee on each marketplace transaction.

You might actually be right, cos like i aforementioned maybe the payment might be allocated as pie, and the pie coin can be exchange for fiat at and only on Paypie platform.

We still need a verification to this.
hero member
Activity: 2212
Merit: 805
Top Crypto Casino
When media speak about the blockchain they often speak about illegality or black market but what they don t know is that the blockchain technology could help to avoid this negative things. here with the honesty and transparancy for accountating.

Blockchain will be the future!
PAYPIE will be the future of accounting! Every company that is trying to do something new with blockchain will only benefit from it within 5 years.

This platform is new and unique so people should invest in this!


I agree with you on that. PayPie has a very unique offering. One which you won't find elsewhere. It's new and completely innovative. I see no reason why people keep comparing PayPie & Populous as Paypie is an upgrade of Populous with It's fully-fledged accounting platform.
full member
Activity: 518
Merit: 101
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What I miss is in the whitepaper PayPie's revenue estimate. Also I'd like to know how PayPie's profits flow back into PPP tokens, and what the drivers are for PPP tokens to increase in value.

Paypie's whitepaper is telling detailed information about platform but other then lots of important issues don't take place or have little information only.

Paypie and ppp token, revenue, profit share is all important topics and we have little or none info about them.

I hope after expo team will clear this issues with detailed explanations.

The member BTCBusinessConsult has also an interview with the CEO scheduled for Thursday this week. That can be a good opportunity to ask these questions directy to the PayPie team.


INTERVIEW SCHEDULED!

Hi everybody, I have an interview scheduled with Nick Chandi, CEO of PayPie. Please message me questions and comments you have about PayPie to add to our list of things to discuss. Interview is on Thursday so lets make sure we have a great  list to make it as efficient as possible for Nick!!

@AndreasBTC on twitter
[email protected]

Thanks

Answering these questions in an interview is great, but Paypie should also update their WP. As it's still a draft version and they are probably working on it, they should include all the information that is crucial to investors.
sr. member
Activity: 630
Merit: 276
When media speak about the blockchain they often speak about illegality or black market but what they don t know is that the blockchain technology could help to avoid this negative things. here with the honesty and transparancy for accountating.

Blockchain will be the future!
PAYPIE will be the future of accounting! Every company that is trying to do something new with blockchain will only benefit from it within 5 years.

This platform is new and unique so people should invest in this!
full member
Activity: 644
Merit: 101
Here is a non-exaustive list of the disadvantages of having an accountant

He will not let you do anything.
It has a cost since you have to pay a fee.
It requires you to respect your statutory deadlines for VAT returns.
It requires you to keep track of filing procedures that are sometimes somewhat restrictive.
 

Dude don't think because you dealing with Paypie means you can get away with erroneous information. If anything since info is transparent from been in a blockchain, it will he harder to get away with such things. also Paypie is not mean't to replace your accountant, rather it's mean't to be the new tool utilized by your accountant.

It gives you better and more up to date insight into your numbers, making it easier for you and for other parties to make better decisions.
sr. member
Activity: 882
Merit: 277
If i had a dollar for every "had i known"
Here is a non-exaustive list of the disadvantages of having an accountant

He will not let you do anything.
It has a cost since you have to pay a fee.
It requires you to respect your statutory deadlines for VAT returns.
It requires you to keep track of filing procedures that are sometimes somewhat restrictive.
 

Dude don't think because you dealing with Paypie means you can get away with erroneous information. If anything since info is transparent from been in a blockchain, it will he harder to get away with such things. also Paypie is not mean't to replace your accountant, rather it's mean't to be the new tool utilized by your accountant.
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