[ANN] PayPie - Blockchain-Powered Risk Assessment - page 197.

Elkmar

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Quote from: pynetx on September 09, 2017, 09:15:17 AM

Quote from: levyashin on September 09, 2017, 06:54:45 AM

Quote from: kraterion on September 09, 2017, 05:16:32 AM

What was your thinking process to choose ERC20 standard? Why not ERC223 on ETC chain for example which is more secure (https://github.com/ethereum/EIPs/issues/223) ?

Actually i wonder it too. Not just paypie, most of the icos using erc20. Has Erc223 has some diffuculty we don't know?

I would love to hear a dev, why they are choosing erc20 instead of erc223

Because of the many issues from explorers to exchanges.
Right now, now exchange supports ERC23 coins.
There's one coin named "Senderon" it's ERC23 but dev is having difficulty listing it on exchanges as they are not yet ready to upgrade.

Yep, forgot about the fact that it's really easy for exchanges to list ERC20 tokens.

And by the way, ETC is supported by a lot of whales which hope to push it at 100$ at the end of the year.

But there's no reason for such a pump, Ethereum is now widely adopted and used. Just watch the money put in ENS Domains

chaoscoinz

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Activity: 1150

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☆Gaget-Pack☆

Quote from: bitsurfer2014 on September 09, 2017, 10:12:28 AM

Quote from: Pajulapoiss on September 09, 2017, 08:07:59 AM

Quote from: bitsurfer2014 on September 09, 2017, 07:49:10 AM

Quote from: sanojcoin on September 08, 2017, 11:42:16 PM

in case it will be used by banks and insurance companies this is going to be huge!! Shocked

Sooner or later financial institutions such as banks and insurance companies will embrace PAYPIE's platform as its risk score is accurate and fraud proof.

I agree. It's only a matter of time, all imeginable services will eventually run on blockchain.

If PayPie truly can deliver their promises, then it will be huge indeed.

Moreover, PAYPIE's platform and risk scoring IMHO, could prevent financial collapse of banking and lending institutions as they are fed with accurate data of a particular company to minimize lending risks.

Exactly, and situations like the equifax data breach, will be harder to pull off on the ethereum blockchain, due to it's transparent, yet cryptographic nature, and smart contracts.

bitsurfer2014

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Activity: 924

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Quote from: Pajulapoiss on September 09, 2017, 08:07:59 AM

Quote from: bitsurfer2014 on September 09, 2017, 07:49:10 AM

Quote from: sanojcoin on September 08, 2017, 11:42:16 PM

in case it will be used by banks and insurance companies this is going to be huge!! Shocked

Sooner or later financial institutions such as banks and insurance companies will embrace PAYPIE's platform as its risk score is accurate and fraud proof.

I agree. It's only a matter of time, all imeginable services will eventually run on blockchain.

If PayPie truly can deliver their promises, then it will be huge indeed.

Moreover, PAYPIE's platform and risk scoring IMHO, could prevent financial collapse of banking and lending institutions as they are fed with accurate data of a particular company to minimize lending risks.

Rigorous

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Activity: 574

Merit: 115

Hey, I just downloaded the whitepaper again. It looks like the "Pie Coin" and "pegged 1:1" have returned. Can anybody verify this?

haxllega

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Quote from: Rigorous on September 09, 2017, 08:30:45 AM

Quote from: the_donald on September 09, 2017, 08:11:08 AM

Quote from: kraterion on September 09, 2017, 05:16:32 AM

What was your thinking process to choose ERC20 standard? Why not ERC223 on ETC chain for example which is more secure (https://github.com/ethereum/EIPs/issues/223) ?

it's not just about safety , but mass adoption as well. not as many people use ERC223. and they need to appeal to as many people as possible

This. At this point because so many ICOs used ETH, the Ethereum ecosystem has a bigger chance to survive in the long run that Ethereum Classic. I could bring up the VHS/BetaMax example if you want Wink

I agree there are hundreds of potentially successful project running on the Etherium platform.

toolucky98

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Activity: 490

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Quote from: Pajulapoiss on September 09, 2017, 08:07:59 AM

Quote from: bitsurfer2014 on September 09, 2017, 07:49:10 AM

Quote from: sanojcoin on September 08, 2017, 11:42:16 PM

in case it will be used by banks and insurance companies this is going to be huge!! Shocked

Sooner or later financial institutions such as banks and insurance companies will embrace PAYPIE's platform as its risk score is accurate and fraud proof.

I agree. It's only a matter of time, all imeginable services will eventually run on blockchain.

If PayPie truly can deliver their promises, then it will be huge indeed.

Well after this nice idea project is ready, we just need to wait and see how good their marketing and advertising team will work, maybe do some partnership or anything else.
Even i have been seen some bad concept project raised huge amount of money because of their good marketing team.

pynetx

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Activity: 798

Merit: 262

Quote from: levyashin on September 09, 2017, 06:54:45 AM

Quote from: kraterion on September 09, 2017, 05:16:32 AM

What was your thinking process to choose ERC20 standard? Why not ERC223 on ETC chain for example which is more secure (https://github.com/ethereum/EIPs/issues/223) ?

Actually i wonder it too. Not just paypie, most of the icos using erc20. Has Erc223 has some diffuculty we don't know?

I would love to hear a dev, why they are choosing erc20 instead of erc223

Because of the many issues from explorers to exchanges.
Right now, now exchange supports ERC23 coins.
There's one coin named "Senderon" it's ERC23 but dev is having difficulty listing it on exchanges as they are not yet ready to upgrade.

Islapdonkey

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Activity: 882

Merit: 277

If i had a dollar for every "had i known"

Quote from: kraterion on September 09, 2017, 08:08:58 AM

Quote from: ubercool on September 09, 2017, 07:25:30 AM

Quote from: blackened515 on September 09, 2017, 07:06:34 AM

Quote from: levyashin on September 09, 2017, 06:54:45 AM

Quote from: kraterion on September 09, 2017, 05:16:32 AM

What was your thinking process to choose ERC20 standard? Why not ERC223 on ETC chain for example which is more secure (https://github.com/ethereum/EIPs/issues/223) ?

Actually i wonder it too. Not just paypie, most of the icos using erc20. Has Erc223 has some diffuculty we don't know?

I would love to hear a dev, why they are choosing erc20 instead of erc223

Maybe because ERC20 is more popular. We have better coins than btc but everyone is after btc.Same logic here Huh

I think the problem with newer versions is that exchanges are not accepting them. I had heard about Bittrex is not accepting ERC223 tokens, if your token cannot get into big exchanges then the market will be highly affected.

Are you sure about that? MEW is fully compatible with ERC223 standard (I know because I stored some DEX tokens there). Just quoting Dexaran words: ERC223 tokens are backwards compatible with ERC20 tokens. It means that ERC223 supports every ERC20 functional and contracts or services working with ERC20 tokens will work with ERC223 tokens correctly.

MEW supports ERC23. My E Mobilego token are stored on MEW. The only issue with ERC23 is Exchanges lack of interest/ or maybe laziness to update their platform to support it. It's far more secured but till big companies that rebelling on this exchanges and adopting ERC23, the exchanges will drag their ass on this update.

Rigorous

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Activity: 574

Merit: 115

Quote from: the_donald on September 09, 2017, 08:11:08 AM

Quote from: kraterion on September 09, 2017, 05:16:32 AM

What was your thinking process to choose ERC20 standard? Why not ERC223 on ETC chain for example which is more secure (https://github.com/ethereum/EIPs/issues/223) ?

it's not just about safety , but mass adoption as well. not as many people use ERC223. and they need to appeal to as many people as possible

This. At this point because so many ICOs used ETH, the Ethereum ecosystem has a bigger chance to survive in the long run that Ethereum Classic. I could bring up the VHS/BetaMax example if you want Wink

the_donald

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Activity: 588

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Quote from: kraterion on September 09, 2017, 05:16:32 AM

What was your thinking process to choose ERC20 standard? Why not ERC223 on ETC chain for example which is more secure (https://github.com/ethereum/EIPs/issues/223) ?

it's not just about safety , but mass adoption as well. not as many people use ERC223. and they need to appeal to as many people as possible

kraterion

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Activity: 616

Merit: 145

🚀🚀 ATHERO.IO 🚀🚀

Quote from: ubercool on September 09, 2017, 07:25:30 AM

Quote from: blackened515 on September 09, 2017, 07:06:34 AM

Quote from: levyashin on September 09, 2017, 06:54:45 AM

Quote from: kraterion on September 09, 2017, 05:16:32 AM

What was your thinking process to choose ERC20 standard? Why not ERC223 on ETC chain for example which is more secure (https://github.com/ethereum/EIPs/issues/223) ?

Actually i wonder it too. Not just paypie, most of the icos using erc20. Has Erc223 has some diffuculty we don't know?

I would love to hear a dev, why they are choosing erc20 instead of erc223

Maybe because ERC20 is more popular. We have better coins than btc but everyone is after btc.Same logic here Huh

I think the problem with newer versions is that exchanges are not accepting them. I had heard about Bittrex is not accepting ERC223 tokens, if your token cannot get into big exchanges then the market will be highly affected.

Are you sure about that? MEW is fully compatible with ERC223 standard (I know because I stored some DEX tokens there). Just quoting Dexaran words: ERC223 tokens are backwards compatible with ERC20 tokens. It means that ERC223 supports every ERC20 functional and contracts or services working with ERC20 tokens will work with ERC223 tokens correctly.

Pajulapoiss

sr. member

Activity: 554

Merit: 251

Quote from: bitsurfer2014 on September 09, 2017, 07:49:10 AM

Quote from: sanojcoin on September 08, 2017, 11:42:16 PM

in case it will be used by banks and insurance companies this is going to be huge!! Shocked

Sooner or later financial institutions such as banks and insurance companies will embrace PAYPIE's platform as its risk score is accurate and fraud proof.

I agree. It's only a matter of time, all imeginable services will eventually run on blockchain.

If PayPie truly can deliver their promises, then it will be huge indeed.

bitsurfer2014

hero member

Activity: 924

Merit: 520

Quote from: sanojcoin on September 08, 2017, 11:42:16 PM

in case it will be used by banks and insurance companies this is going to be huge!! Shocked

Sooner or later financial institutions such as banks and insurance companies will embrace PAYPIE's platform as its risk score is accurate and fraud proof.

blackened515

sr. member

Activity: 1218

Merit: 279

Quote from: ubercool on September 09, 2017, 07:25:30 AM

Quote from: blackened515 on September 09, 2017, 07:06:34 AM

Quote from: levyashin on September 09, 2017, 06:54:45 AM

Quote from: kraterion on September 09, 2017, 05:16:32 AM

What was your thinking process to choose ERC20 standard? Why not ERC223 on ETC chain for example which is more secure (https://github.com/ethereum/EIPs/issues/223) ?

Actually i wonder it too. Not just paypie, most of the icos using erc20. Has Erc223 has some diffuculty we don't know?

I would love to hear a dev, why they are choosing erc20 instead of erc223

Maybe because ERC20 is more popular. We have better coins than btc but everyone is after btc.Same logic here Huh

I think the problem with newer versions is that exchanges are not accepting them. I had heard about Bittrex is not accepting ERC223 tokens, if your token cannot get into big exchanges then the market will be highly affected.

And also popular wallet like myetherwallet

ubercool

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Activity: 1078

Merit: 504

Quote from: blackened515 on September 09, 2017, 07:06:34 AM

Quote from: levyashin on September 09, 2017, 06:54:45 AM

Quote from: kraterion on September 09, 2017, 05:16:32 AM

What was your thinking process to choose ERC20 standard? Why not ERC223 on ETC chain for example which is more secure (https://github.com/ethereum/EIPs/issues/223) ?

Actually i wonder it too. Not just paypie, most of the icos using erc20. Has Erc223 has some diffuculty we don't know?

I would love to hear a dev, why they are choosing erc20 instead of erc223

Maybe because ERC20 is more popular. We have better coins than btc but everyone is after btc.Same logic here Huh

I think the problem with newer versions is that exchanges are not accepting them. I had heard about Bittrex is not accepting ERC223 tokens, if your token cannot get into big exchanges then the market will be highly affected.

Elkmar

full member

Activity: 294

Merit: 100

Quote from: levyashin on September 09, 2017, 06:54:45 AM

Quote from: kraterion on September 09, 2017, 05:16:32 AM

What was your thinking process to choose ERC20 standard? Why not ERC223 on ETC chain for example which is more secure (https://github.com/ethereum/EIPs/issues/223) ?

Actually i wonder it too. Not just paypie, most of the icos using erc20. Has Erc223 has some diffuculty we don't know?

I would love to hear a dev, why they are choosing erc20 instead of erc223

Well, Ethereum is widely adopted, it's the second biggest market by far, and it has been used many times, so it's a logic choice for an ICO when you don't want to create your own blockchain

Rigorous

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Activity: 574

Merit: 115

Quote from: CoinCollector006 on September 09, 2017, 06:05:52 AM

Agreed, the Equifax hack / intellectual property thefts a terrible development for consumers, but likely a positive for Paypie. I myself am concerned about identity theft given I have used Equifax in the past. Nonetheless this highlights the need for an alternative to the existing antiquated credit bureaus system and FICO oligopoly. Companies like Paypie should be poised to disrupt this cozy racket as blockchain has done for other industries like security trading, remittances, land titles and storage of value.

Has Paypie made an official statement regarding the hack and how their systems provide an alternative to the status quo?

I think it's good too, but let's not underestimate the difficulty of keeping data secure. Not even the cryptosphere is immune to that, considering exchanges and ICOs get hacked all the time.

blackened515

sr. member

Activity: 1218

Merit: 279

Quote from: levyashin on September 09, 2017, 06:54:45 AM

Quote from: kraterion on September 09, 2017, 05:16:32 AM

What was your thinking process to choose ERC20 standard? Why not ERC223 on ETC chain for example which is more secure (https://github.com/ethereum/EIPs/issues/223) ?

Actually i wonder it too. Not just paypie, most of the icos using erc20. Has Erc223 has some diffuculty we don't know?

I would love to hear a dev, why they are choosing erc20 instead of erc223

Maybe because ERC20 is more popular. We have better coins than btc but everyone is after btc.Same logic here Huh

levyashin

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Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Quote from: kraterion on September 09, 2017, 05:16:32 AM

What was your thinking process to choose ERC20 standard? Why not ERC223 on ETC chain for example which is more secure (https://github.com/ethereum/EIPs/issues/223) ?

Actually i wonder it too. Not just paypie, most of the icos using erc20. Has Erc223 has some diffuculty we don't know?

I would love to hear a dev, why they are choosing erc20 instead of erc223

Piggy

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Activity: 784

Merit: 1416

Quote from: Korsakopf on September 09, 2017, 05:35:33 AM

Quote from: wonderfullife on September 09, 2017, 01:50:53 AM

Companies are often confronted with what might be called the biggest obsession of the dirrigigants: the late payment of customers. this is the major problem of the companies and as the banks do not have an updated visu of the finances, the companies refuse to lend their money, which can have disastrous consequences for the balance sheet of the companies. Thanks to paypie now there is a limpidity in the accounts of the companies and the banks are assured that the accounts are not hacked and can lend money in case of delayed payment.

I agree that the services offered by PayPie can be incredibly valuable. What i'd like to see more is big companies who maybe already expressed interest in using the platform, or PayPie already marketing their platform to potential clients. Especially the big companies can be hard to convince to use a new system so starting early with this will be a key to adoption and success.

I saw a mention of them going to an event, i hope they will do a lot of networking and be able to make some announcements.

It seems the event went quite well. They got an interview. Few pages ago there was an article from the Huffington post. So things are moving in the right way

Topic: [ANN] PayPie - Blockchain-Powered Risk Assessment - page 197. (Read 109500 times)